Author: i2wtc

KARACHI: An arms contract recently notified by the United States Department of War (DoW), formerly Department of Defense, lists Pakistan among the buyers for AIM-120 Advanced Medium-Range Air-to-Air Missiles (AMRAAM), it emerged on Tuesday. With this, Pakistan Air Force inches closer to receiving additional missile stocks under United States President Donald Trump’s administration. According to the US DoW, Raytheon — the manufacturer of the AMRAAM — was given a modification (P00026) of over $41.6 million on a “previously awarded contract (FA8675-23-C-0037)” to “firm-fixed-price” for the production of the missile’s C8 and D3 variants. Read: Three ‘Cs’ & a ceasefire – how…

Oracle stock slipped 5% on Tuesday after a report from The Information that raised questions about the company’s plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI.Oracle had 14% gross margins on $900 million in sales in its Nvidia cloud business in the three months ending in August, according to the report, which cited internal documents. That’s significantly lower than Oracle’s overall gross margin of around 70%.The report said that Oracle’s recent transformation into one of the most important cloud and artificial intelligence companies may run into profitability challenges because of how…

Cfoto | Future Publishing | Getty ImagesThe Motion Picture Association on Monday urged OpenAI to “take immediate and decisive action” against its new video creation model Sora 2, which is being used to produce content that it says is infringing on copyrighted media.Following the Sora app’s rollout last week, users have been swarming the platform with AI-generated clips featuring characters from popular shows and brands.”Since Sora 2’s release, videos that infringe our members’ films, shows, and characters have proliferated on OpenAI’s service and across social media,” MPA CEO Charles Rivkin said in a statement. OpenAI CEO Sam Altman clarified in…

U.S. Senator Susan Collins (R-ME) speaks with Senator Lisa Murkowski (R-AK), as Lori Chavez-DeRemer, U.S. President Trump’s nominee to be secretary of labor testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 19, 2025.Kent Nishimura | ReutersSen. Susan Collins is reportedly shopping around a potential off-ramp to the government shutdown that has paralyzed Washington, but the Maine Republican is not ready to give in on the primary demand by her Democratic colleagues.Collins has been circulating a “discussion draft” of a proposal that would include GOP pledges on a…

Klarna Group Plc signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty ImagesA version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Even as the IPO market is starting to rebound, startups are staying private for longer thanks in large part to alternative capital, according to new data.The median age…

Thoma Bravo co-founder Orlando Bravo said that valuations for artificial intelligence companies are “at a bubble,” comparing it to the dotcom era. But one key difference in the market now, he said, is that large companies with “healthy balance sheets” are financing AI businesses.Bravo’s private equity firm boasts more than $181 billion in assets under management as of June, and focuses on buying and selling enterprise tech companies, with a significant chunk of its portfolio invested in cybersecurity.Bravo told CNBC’s “Squawk on the Street” on Tuesday that investors can’t value a $50 million annual recurring revenue company at $10 billion.…

Photo taken on Dec. 22, 2021 shows the stone statues of the Song Dynasty (960-1279) in Anyue County, southwest China’s Sichuan Province. (Xinhua/Tang Wenhao)CHENGDU, Oct. 7 (Xinhua) — The meeting between 100,000 millennium-old cliff carvings and modern technologies, like 3D scanning and holographic projection, has proved a fruitful interaction between past and present in Anyue County, southwest China’s Sichuan Province.Previously, people had to venture into the deep countryside to witness these cultural relics from the Tang and Song dynasties. Today, a 7.13-hectare digital exhibition center makes the carvings more accessible to visitors.In the exhibition hall at this center, innovative technologies…

Prime Minister Shehbaz Sharif has been conferred an Honorary Doctor of Philosophy in Leadership and Governance by the International Islamic University Malaysia (IIUM) in recognition of his leadership, public service, and contributions to nation-building and Islamic governance. According to Malaysian state news agency Bernama, the honorary degree was presented during a Special Convocation at the International Institute of Islamic Thought and Civilisation (ISTAC–IIUM) campus in Kuala Lumpur. It was officiated by IIUM Constitutional Head Tengku Ampuan Pahang Tunku Azizah Aminah Maimunah Iskandariah. The event coincided with Shehbaz’s three-day official visit to Malaysia. براہِ راست:براہِ راست: وزیراعظم کو ڈاکٹریٹ لیڈر شپ…

Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty.David Gray | Afp | Getty ImagesAmid global economic turbulence, the prices of precious metals have been climbing higher and higher.The price of gold in particular has skyrocketed over the past year, rising more than 50%. For midsize jewelry companies aiming to offer fine gold necklaces, earrings and more at lower price points than legacy luxury jewelry brands, gold futures could be spelling trouble.Though gold is often subject to market fluctuations, investors have been increasing…

At least four passengers were injured on Tuesday when an explosion on a railway track near Sultan Kot, close to Shikarpur, derailed four coaches of the Jaffar Express travelling from Peshawar to Quetta, police and railway officials said. According to security sources, the explosion occurred as the train was passing by the Sultan Kot station. The injured passengers were taken to a nearby hospital for initial medical treatment. A spokesperson for Pakistan Railways said rescue teams had been dispatched to the site, while train operations in the area were temporarily suspended. The incident caused fear and panic among passengers and…