Author: i2wtc

OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images Investors can’t get enough of artificial intelligence, despite worries over the sector’s excessively high valuations.The S&P 500, Dow Jones Industrial Average and Nasdaq Composite rose Tuesday stateside, with all three notching new intraday highs. The major averages were juiced by gains in tech. Nvidia popped nearly 5%, while Microsoft climbed roughly 2%.Both Apple and Microsoft reached a market capitalization of…

A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Tuesday as early gains were wiped out by heavy profit-taking and weak investor sentiment, pushing the benchmark index deep into the red. After opening on a positive note, the KSE-100 index climbed to an intra-day high of 163,380.67 points. However, momentum quickly reversed in the second half as investors booked profits from recent rallies. The index hit a…

Celestica CEO Rob Mionis explained how his company designs and manufactures infrastructure that enables artificial intelligence in a Tuesday interview with CNBC’s Jim Cramer.”If AI is a speeding freight train, we’re laying the tracks ahead of the freight train,” Mionis said.He pushed back against the notion that the AI boom is a bubble, saying that the technology has gone from a “nice to have” to a “must have.”Celestica reported earnings Monday after close, managing to beat estimates and raise its full-year outlook. The stock hit a 52-week high during Tuesday’s session and closed up more than 8%. Celestica has had…

Palestinians try to clear the remains of buildings destroyed by Israeli attacks with limited resources i Khan Yunis, Gaza on Oct. 28, 2025. Mohammed Eslayeh | Anadolu | Getty ImagesIsraeli planes launched strikes in Gaza on Tuesday after Israel accused the militant group Hamas of violating a ceasefire in the Palestinian territory, the latest test of a fragile deal brokered earlier this month by U.S. President Donald Trump.Local health authorities said the strikes killed at least 26 people, including five in a house hit in the Bureij refugee camp in the central Gaza Strip, four in a building in Gaza City’s Sabra neighbourhood, and five in a car in…

An aerial drone photo shows Xiaomi’s first smart home appliance factory in Wuhan, central China’s Hubei Province, Oct. 28, 2025. Chinese tech firm Xiaomi launched its first smart home appliance factory in Wuhan, central China’s Hubei Province, on Tuesday, marking a major expansion of the tech giant’s manufacturing footprint beyond smartphones and vehicles. (Xinhua/Pan Zhiwei)WUHAN, Oct. 28 (Xinhua) — Chinese tech firm Xiaomi launched its first smart home appliance factory in Wuhan, central China’s Hubei Province, on Tuesday, marking a major expansion of the tech giant’s manufacturing footprint beyond smartphones and vehicles.This new factory, focusing on air conditioner production, is…

University departments safe; makeshift shelters near fire site evacuated as precaution, officials sayUniversity of Karachi. Photo: File A fire that broke out in the bushes behind the University of Karachi on Tuesday evening intensified rapidly before being brought under control after several hours of firefighting. One person died from suffocation during the incident, rescue officials said. The victim, identified as 51-year-old Muhammad Rafiq, was a father of four and worked as a welder, according to initial reports. According to Rescue 1122, the fire erupted near Gulshan Noor Apartments behind the university. Fire and rescue teams, along with ambulances and fire tenders,…

A visitor looks at a model of SK hynix’s high-bandwidth memory (HBM) technology during the 2025 World IT Show in Seoul on April 24, 2025. Jung Yeon-je | Afp | Getty ImagesSouth Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.Here are SK Hynix’s third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion wonOperating profit: 11.38 trillion won vs. 11.39 trillion wonRevenue rose about 39% in the…

PTI Secretary General Salman Akram Raja calls move ‘political game’ aimed at undermining public representation The Pakistan Tehreek-e-Insaf has announced that it will disassociate itself from the opposition alliance’s no-confidence motion against the Azad Jammu and Kashmir prime minister and the subsequent process to elect a new premier, calling the move a “political game” aimed at undermining public representation. PTI’s top leadership attended a high-level meeting at the Khyber-Pakhtunkhwa House in Islamabad on Tuesday to discuss the political situation. The party decided to remain detached from the no-confidence and election process but vowed to continue representing the public in the assembly and…

Elon Musk’s Wikipedia rival Grokipedia got off to a “rocky start” in its public debut, but Wikipedia founder Jimmy Wales didn’t even have to take a look at the AI’s output to know what he expected.”I’m not optimistic he will create anything very useful right now,” Wales said at the CNBC Technology Executive Council Summit in New York City on Tuesday.Wales had plenty of choice words for Musk, notably in response to allegations that there is “woke bias” on Wikipedia. “He is mistaken about that,” Wales said. “His complaints about Wiki are that we focus on mainstream sources and I…

Emission testing system launched in July 2024 to regulate vehicular pollution ahead of smog seasonSmog in Lahore. Photo File: REUTERS The Punjab Environmental Protection Agency has announced that vehicles without “Green Stickers” will be banned from the roads after November 15. Dr Imran Hamid Sheikh, Director General of the Environmental Protection Agency (EPA), said exhaust testing has been made mandatory for all vehicles in Lahore. As part of the EPA, a strict crackdown on vehicles causing air pollution in the city. “From November 15, any vehicle found on the road without an Exhaust Testing System (ETS) certificate or a green sticker…