Author: i2wtc

Nscale, the UK-headquartered AI infrastructure provider.Courtesy: NscaleTwo years ago, Nscale was a brand new startup in the U.K. that had yet to raise any outside funding or officially announce its existence.Last year the London-based company came out of stealth, and in December announced that it had raised its Series A fundraising, totaling $155 million.Now, Nscale finds itself at the center of the action in the hottest market on the planet: artificial intelligence. And it has close to $700 million in fresh capital from Nvidia, the world’s most valuable company.In press releases on Tuesday, Nscale was named as an AI infrastructure…

Pakistan and the International Atomic Energy Agency have formalised a new cooperation agreement—the Country Programme Framework (CPF) 2026‑31—aimed at advancing nuclear science and technology for socio‑economic development. Pakistan Atomic Energy Commission (PAEC) Chairman Dr Raja Ali Raza Anwar and IAEA Deputy Director General and Head of the Department of Technical Cooperation Hua Liu were the signatories of the agreement signed on Wednesday. The CPF will guide technical cooperation between Pakistan and the IAEA, focusing on several priority sectors. These include food and agriculture; human health and nutrition; climate change and water resource management; nuclear power; and radiation and nuclear safety. Also…

Pycroft was officiating after an apology; bowlers hand Green Shirts a comprehensive win after batting falters. Pakistan won with ease by 41 runs after the United Arab Emirates (UAE) won the toss and elected to bowl first in their much-delayed men’s Asia Cup encounter. The Pakistan-UAE clash was set to go through on Wednesday after Zimbabwean referee Andy Pycroft apologised to the manager and captain of the Green Shirts after much uncertainty surrounding the fixture in the fallout of the Pakistan-India match last Sunday. Pakistan skipper Salman Ali Agha at the post-match ceremony said his team hasn’t batted at their…

Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week that live events are more central than ever to culture and commerce in a post-pandemic world.Speaking at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, the executives said that the high demand for in-person events has been unmistakable.”No matter what you bring to that table that day, you unite around that one shared experience,” Rapino said. “For those two hours, I tend to drop whatever baggage I have and have a shared moment.”According to Goldman Sachs, the live music industry is expected to grow…

Amazon could very well be nearing its own “OpenAI moment” with its deepening alliance and investment in Anthropic — the startup behind the wildly popular generative AI chatbot Claude. Similar to Microsoft ‘s $14 billion investment and partnership with ChatGPT creator OpenAI, which has become one of the most important tech companies in the world, Amazon has poured $8 billion into Anthropic and locked down business ties that could dramatically reshape the future of its Amazon Web Services cloud business. After last quarter, it sure looks like AWS could use a boost . Amazon shares sank more than 8% on…

ISLAMABAD: Prime Minister Shehbaz Sharif is likely to meet US President Donald Trump on the margins of the upcoming United Nations General Assembly session, according to sources familiar with the development. The prime minister is set to undertake a visit to New York to attend the UNGA next week where he will deliver the speech. On the sidelines, he is expected to meet several world leaders. But the most important meeting he is likely to have is with President Trump. The sources said that both sides were in touch with each other and almost finalised the schedule. This would be…

StubHub CEO Eric Baker said Wednesday that recently introduced federal regulations around transparent ticket pricing will cause a “one-time” hit to its financial results.Revenue is expected to dip year over year as consumers digest the new rules, Baker told CNBC, which require online ticket sellers to prominently show the total cost upfront.”We’ve seen this in states like New York that have done it. You have a drop off and it hits about 10%. … Then it’s just back to normal,” Baker said in an interview with CNBC’s “Squawk on the Street.” “You’re growing off the base because you now normalized…

The Pakistan Cricket Board (PCB) on Wednesday said that Zimbabwean referee Andy Pycroft apologised to the manager and captain of the Green Shirts over a controversy during the recent Pakistan-India match. Uncertainty regarding the national team’s participation in the Asia Cup today emerged after the handshake controversy that unfolded in their match against archrivals India. The Zimbabwean oversaw Sunday’s politically charged clash with India, after which the victorious India team refused to shake hands with the Pakistan players. The PCB said that Pycroft told Pakistan skipper Salman Ali Agha not to shake hands with Indian counterpart Suryakumar Yadav before the…

Big East Commissioner Val Ackerman, Atlantic Coast Conference Commissioner Jim Phillips, and Big 12 Commissioner Brett Yormark.Porter Binks | Matt Kelley | Stacy Revere | Getty ImagesCollege sports leaders are crunching the numbers as they head toward payments for players and new avenues for revenue growth.Speaking at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, Big East Commissioner Val Ackerman, Atlantic Coast Conference Commissioner Jim Phillips and Big 12 Commissioner Brett Yormark addressed the NCAA’s $2.8 billion settlement that’s enabled paying players directly and the rollout of player revenue sharing.”Revenues have never been greater,” Phillips said. “Expenses for our schools also…

Macroscope employees.MacroscopeIt’s been a decade since Kayvon Beykpour sold Periscope to Twitter for a reported $100 million, allowing the social media site to jump into livestreaming.Twitter shuttered Periscope in 2021, and the parent company, now called X and owned by Elon Musk, gravitated to a live events product called Spaces.Meanwhile, Beykpour, who spent seven years at Twitter after the acquisition, is back with Macroscope. He said on Wednesday that he’s raised $40 million from venture investors, including GV (formerly Google Ventures), Lightspeed Venture Partners and Thrive Capital.While Periscope targeted a consumer audience, Macroscope is going squarely after businesses. Beykpour’s idea…