Author: i2wtc

With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent “GPU clouds,” a status it hopes investors will value when it debuts on the public markets.But the world of artificial intelligence hardware is moving so quickly that it raises questions about how long those chips will remain on the cutting edge and in demand. It’s a concern that could impact investor demand for shares of CoreWeave, one of the most anticipated IPOs in years.CoreWeave, which rents out remote access to computers based on Nvidia AI chips, said in a financial filing this month that most of…

Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs.The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% of its business from middle-income consumers, sustained inflation has led to “stronger demand from higher-income customers,” Creedon said on an analyst call.Dollar Tree’s success with higher-income shoppers follows similar gains from Walmart, which has made inroads with the cohort following the prolonged period of high prices.Trump’s…

The city council has chosen a temporary mayor to take over from Ekrem Imamoglu, who was jailed last week.Istanbul’s municipal government has elected Nuri Aslan as interim mayor to replace Ekrem Imamoglu, who has been imprisoned on corruption charges. Local broadcaster NTV and Turkish news outlet Anadolu reported on Wednesday that Aslan, from Imamoglu’s Republican People’s Party (CHP), was chosen to run the city for the remainder of Imamoglu’s term, as he awaits trial. In the first round of voting, Aslan won 173 votes, while President Recep Tayyip Erdogan’s Justice and Development Party (AK Party) candidate, Zeynel Abidin Okul, won…

OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty ImagesOpenAI expects revenue will triple to $12.7 billion in 2025, CNBC has confirmed.Bloomberg was first to report on the revenue figure, which was confirmed to CNBC by a source familiar with the matter who asked not to be named because the number is private.Microsoft, OpenAI’s principal investor and key strategic partner, recorded $13 billion in annual recurring revenue in the fourth quarter, up…

Listen to article Muttahida Qaumi Movement Pakistan (MQM-P) leader and Deputy Parliamentary Leader in the Sindh Assembly, Taha Ahmed Khan, has written a letter to the Chief Justice of Pakistan, urging him to take suo motu notice of the rising number of deadly traffic accidents in Karachi. In his letter, Taha expressed deep sorrow over the tragic death of a pregnant woman, her husband, and their child, who was forced to be born prematurely due to the accident, in the recent Malir Halt incident. He stated that since the beginning of 2025, 207 people have died and 2,623 have been injured in traffic…

Lithuania’s military said four US soldiers and a tracked vehicle had gone missing on Tuesday afternoon.NATO Secretary-General Mark Rutte has announced that four missing United States Army soldiers have died in Lithuania during training. Rutte, who told reporters of the deaths of the four on Wednesday, said they were killed in an “incident”, adding that he did not know further details. “This is still early news, so we do not know the details. This is really terrible news and our thoughts are with the families and loved ones,” Rutte said in the Polish capital, Warsaw. Lithuania’s military had said earlier…

White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla shares fell about 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew increasingly concerned about President Donald Trump’s plan for tariffs.The European Automobile Manufacturers’ Association (ACEA) revealed on Tuesday that Tesla saw a 40% year-over-year drop in new vehicle registrations in Europe in February, while overall battery electric vehicle sales were up 26%.Meanwhile, the White House said on Wednesday…

Listen to article Finance Minister Muhammad Aurangzeb has urged world leaders to reform global trade policies, arguing that developing nations face excessive tariffs, trade restrictions, and financial barriers that hinder their economic growth and integration into the global economy. Speaking at the Boao Forum for Asia 2025, Aurangzeb highlighted how unfair global trade practices disproportionately benefit developed nations, leaving emerging economies struggling with high debt burdens, trade imbalances, and limited financial access. He warned that if these inequalities persist, the gap between rich and poor nations will continue to widen. Aurangzeb emphasised that an inclusive global economy is not a choice but…

Listen to article US President Donald Trump on Tuesday signed an executive order requiring voters to prove their US citizenship when registering for federal elections, a move rights groups have described as an attempt to suppress votes, particularly among minorities. The order also directs states to stop counting mail-in ballots that arrive after Election Day and threatens to withhold federal funding from states that do not comply with the new directives. “We’ve got to straighten out our elections,” Trump said during a signing ceremony at the White House. “This country is so sick because of the fake elections and the bad elections…

The wildfires that once scorched the forests above the Spanish village of Barro each summer have all but disappeared since Lucia Perez began grazing wild horses in the area. “There used to be fires every year, but since 2019 when we started coming here, we’ve had one small fire in the first year and nothing since,” Perez, 37, said. She explained that the horses help reduce the risk of wildfires by clearing the undergrowth between trees, preventing fires from igniting and spreading. Fire prevention is just one of the ecological benefits wild horses provide in Galicia, a region in northwestern…