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	<title>usual &#8211; USA NEWS LIVE</title>
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		<title>Bitcoin was the very best investment of 2024, but not without its usual volatility</title>
		<link>https://bloggingthree.soflytech.com/2024/12/bitcoin-was-the-very-best-investment-of-2024-but-not-without-its-usual-volatility/</link>
					<comments>https://bloggingthree.soflytech.com/2024/12/bitcoin-was-the-very-best-investment-of-2024-but-not-without-its-usual-volatility/#respond</comments>
		
		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Tue, 31 Dec 2024 18:48:23 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[usual]]></category>
		<category><![CDATA[volatility]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=21867</guid>

					<description><![CDATA[Bitcoin was by far the best-performing asset class in 2024 as latest exchange-traded funds drove wider adoption and hopes of deregulation under a brand new presidential administration pushed digital assets to record levels. However, owning cryptocurrencies also brought with it the standard unpredictability and dizzying swings, as trading this month clearly shows. Bitcoin has greater [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
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<div class="group">
<p>Bitcoin was by far the best-performing asset class in 2024 as latest exchange-traded funds drove wider adoption and hopes of deregulation under a brand new presidential administration pushed digital assets to record levels.</p>
<p>However, owning cryptocurrencies also brought with it the standard unpredictability and dizzying swings, as trading this month clearly shows. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-1">Bitcoin<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    has greater than doubled in price because the starting of the yr and was within the $40,000 range, most recently trading at around $95,500. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-2">ether<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    has gained nearly 50% year-to-date and was last trading at around $3,400.</p>
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<div class="Collapsible-proliveCollapsableContainer" role="button" tabindex="0"><svg xmlns="http://www.w3.org/2000/svg" width="256" height="256" viewbox="0 0 256 256" aria-labelledby="title desc" role="img" focusable="false" preserveaspectratio="xMinYMin" class="Collapsible-stockChartIcon"><title>Stock chart icon</title><desc>Stock chart icon</desc><g transform="translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)"><path d="M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path></g></svg></p>
<div class="Collapsible-proLivePlayerCloseOrExpand"><img decoding="async" src="https://static-redesign.cnbcfm.com/dist/a54b41835a8b60db28c2.svg" class="Collapsible-dismissButton" alt="Hide content"></div>
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<p><iframe title="Bitcoin and ether since the start of 2024" src="https://www.cnbc.com/appchart?symbol=BTC.CM%3D&#038;range=YTD&#038;comp=ETH.CM%3D&#038;type=bar&#038;embedded=true&#038;%24DEVICE%24=undefined" height="460" scrolling="no" style="border:0;width:100%"></iframe></p>
<p>Bitcoin and Ether because the starting of 2024</p>
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<p>The most prosperous period of the yr took place within the weeks following the US presidential election. By mid-December, the cryptocurrency had risen above $108,000 for the primary time, driven by confidence that President-elect Donald Trump&#39;s victory over Vice President Kamala Harris would open the door to greater regulatory clarity and permit latest money to flow into the sector.</p>
<p>However, prices have fallen since then. Bitcoin is negative this month, weighed down by expectations that the Federal Reserve&#39;s rate of interest cuts shall be implemented more slowly than expected. The market also faced a period of apparent profit-taking and volatility through the tip of the yr.</p>
<p>The yr began with a powerful boost in confidence with the launch of latest ETFs holding the cryptocurrency. The funds, touted by asset managers as a neater way for investors to access Bitcoin, have raised tens of billions of dollars in money this yr. The iShares Bitcoin Trust ETF (IBIT) now has assets of greater than $50 billion.</p>
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<div class="Collapsible-proliveCollapsableContainer" role="button" tabindex="0"><svg xmlns="http://www.w3.org/2000/svg" width="256" height="256" viewbox="0 0 256 256" aria-labelledby="title desc" role="img" focusable="false" preserveaspectratio="xMinYMin" class="Collapsible-stockChartIcon"><title>Stock chart icon</title><desc>Stock chart icon</desc><g transform="translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)"><path d="M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path><path d="M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z" transform=" matrix(1 0 0 1 0 0) " stroke-linecap="round"></path></g></svg></p>
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<p><iframe title="Microstrategy shares this year" src="https://www.cnbc.com/appchart?symbol=MSTR&#038;range=YTD&#038;type=mountain&#038;embedded=true&#038;%24DEVICE%24=undefined" height="460" scrolling="no" style="border:0;width:100%"></iframe></p>
<p>Microstrategy shares this yr</p>
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<div class="group">
<p>In July, Ether ETFs joined the thrill. Demand for these funds hasn&#39;t been as strong as for his or her Bitcoin counterparts, however the category has still attracted greater than $2 billion in net inflows in lower than six months, in accordance with FactSet.</p>
<p>Strong tailwinds for cryptocurrencies also pushed related stocks to record levels. Bitcoin proxy <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-8">Microstrategy<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    is up 388% year-to-date <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-9">Coinbase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-10">Robinhood<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    are up about 47% and 200%, respectively. Shares of MicroStrategy have been surging since mid-December as the corporate was added to the Nasdaq 100 index.</p>
<p>However, some mining stocks haven&#8217;t performed so well <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-12">Mara Holdings<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-13">Riot Platforms<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    heading in the right direction for double-digit losses because the start of the yr. The decline in mining stocks might be a direct results of this yr&#39;s Bitcoin halving, which reduced block rewards. Besides transaction fees, that is one in every of the important ways miners earn cash.</p>
<p>— </p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>The restart of the Biden campaign largely resembles “business as usual”</title>
		<link>https://bloggingthree.soflytech.com/2024/07/the-restart-of-the-biden-campaign-largely-resembles-business-as-usual/</link>
					<comments>https://bloggingthree.soflytech.com/2024/07/the-restart-of-the-biden-campaign-largely-resembles-business-as-usual/#respond</comments>
		
		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Tue, 02 Jul 2024 10:09:59 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Biden]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[campaign]]></category>
		<category><![CDATA[largely]]></category>
		<category><![CDATA[resembles]]></category>
		<category><![CDATA[restart]]></category>
		<category><![CDATA[usual]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=7922</guid>

					<description><![CDATA[politics WASHINGTON (AP) — President Joe Biden warned Monday that a Supreme Court ruling granting presidents broad immunity from prosecution would further embolden unbridled Republican Donald Trump “to do whatever he wants” if he wins back the White House in November’s election. Biden, who&#8217;s under enormous pressure following his disastrous performance in the controversy against [&#8230;]]]></description>
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												<span id="article-header-primary-term"></p>
<p>								politics<br />
							</span></p>
</header>
<p>WASHINGTON (AP) — President Joe Biden warned Monday that a Supreme Court ruling granting presidents broad immunity from prosecution would further embolden unbridled Republican Donald Trump “to do whatever he wants” if he wins back the White House in November’s election.</p>
<p>Biden, who&#8217;s under enormous pressure following his disastrous performance in the controversy against Trump last week, urged Americans to rigorously consider their voting decision and signaled that he has no intention of dropping out of the race.</p>
<p>Biden criticized the court&#39;s conservative majority&#39;s decision &#8211; which virtually guarantees that Trump is not going to face trial in Washington before the November election for his conduct throughout the violent riots on January 6, 2021 &#8211; and said it was now as much as the American people &#8220;to do what the courts would have been willing to do but are not doing.&#8221; </p>
<p>“The American people must judge Donald Trump’s conduct.”</p>
<p>Biden&#39;s efforts to refocus his campaign after the controversy, which spooked donors and sparked deep fear amongst Democrats, closely resemble his previous attempts to focus entirely on Trump&#39;s misdeeds and inadequacies. During his transient address on Monday, he made no mention of last week&#39;s debate or his performance and didn&#8217;t take questions, delivering an unusually political message from the White House. </p>
<p>&#8220;I know I will respect the limits of the president&#39;s power, as I have for three and a half years, but any president, including Donald Trump, will now have the freedom to ignore the law,&#8221; Biden said. </p>
<p>Biden appeared relaxed and assured, had a crisp, clear tone of voice, and looked tanned and rested &#8211; all in stark contrast to his often halting performance during last week&#39;s debate, when his face was strikingly pale. The president also had the good thing about a teleprompter for his remarks concerning the court, something he didn&#8217;t have at his disposal when sparring with Trump. </p>
<p>There were private discussions inside Biden&#39;s camp about what more the president could do to counteract what Americans saw throughout the debate, when he gave muddled answers, paused at times, occasionally stared into space and sounded croaky. The conversations also touched on whether Biden ought to be more visible in public, resembling at town hall-style events or interviews and press conferences, which he has generally avoided during his time in office.</p>
<p>But most of those near him are waiting for more meaningful poll results to evaluate the extent of the damage before changing course in any significant way, based on 4 Biden advisers who weren&#8217;t authorized to talk publicly about internal discussions and spoke to The Associated Press on condition of anonymity. </p>
<p>Biden&#39;s team may not change anything in any respect. Many imagine &#8211; or hope &#8211; that the awkward moment will pass, especially after Biden&#39;s family encouraged him at a gathering at Camp David on Sunday to remain within the race and keep fighting. </p>
<p>Campaign officials said Monday that that they had no latest events to announce. Biden will run his campaign as before and address the swing states as he has been doing for months. </p>
<p>An ad released Monday was titled &#8220;I Know&#8221; and used clips from Biden&#39;s post-debate rally in North Carolina, where he said, &#8220;When you get knocked down, you get back up.&#8221;</p>
<p>Quentin Fulks, Biden&#39;s deputy campaign manager, turned the main focus to Trump in a phone call with reporters, saying: &#8220;When you see President Biden on the campaign trail, he will talk about the reasons why Americans should be afraid of Donald Trump, just as he has been doing for months.&#8221;</p>
<p>Even before the controversy, the 81-year-old Democratic president&#39;s age was an obstacle with voters, and the prime-time debate brought the problem into focus, before perhaps the most important audience he can have within the 4 months until Election Day. CNN, which hosted the controversy, said greater than 51 million people watched. </p>
<p>&#8220;I think his age was a big factor, and I know he can do better than he did Thursday night. I expected more. I&#39;m not sure that was the case for other voters,&#8221; said Jennifer Palmieri, White House communications director throughout the Obama administration and spokeswoman for Hillary Clinton&#39;s 2016 campaign. </p>
<p>She added that the campaign has responded tactically by supporting Biden&#39;s strong speech in North Carolina on Friday and continuing to publicize high fundraising numbers. Palmieri also said Biden can also need to undergo more interviews to proceed to point out that the controversy was an anomaly. </p>
<p>&#8220;Their focus needs to be on getting him in front of the voters who matter most, and more interviews should be part of that. Don&#39;t be like Trump in your own little universe,&#8221; she said. &#8220;Right now, it&#39;s early days, but what they&#39;re doing is working.&#8221;</p>
<p>One gets the sensation that voters are actually watching Biden more closely, searching for signs that may reveal, a technique or one other, whether his debate debacle was only a slip-up—whether, as he himself says, he&#8217;s fit for the job. </p>
<p>Alan Kessler, a lawyer and member of the Biden campaign&#39;s national finance team, has spent days reassuring nervous donors by telling them what he said he personally experienced when he saw the president &#8211; that he was &#8220;clear-headed and strong as ever.&#8221;</p>
<p>“I reassure people as necessary,” Kessler said.</p>
<p>Biden expressed interest in at the very least one interview. At a fundraiser Saturday in East Hampton, New York, Biden said he spoke with radio host Howard Stern, who interviewed him in April, answering open-ended questions that mostly related to his early years.</p>
<p>The president told the gang that he was ready for an additional conversation with Stern: &#8220;I had a great time on his show. And I&#39;m actually going to take a chance and come back.&#8221;</p>
<p>Meanwhile, senior Biden campaign officials, including Fulks and Jen O&#39;Malley Dillon, sought damage control by making calls Monday evening with about 500 members of the campaign&#39;s National Finance Committee and other donors, based on an individual acquainted with the private call who spoke to AP on condition of anonymity. </p>
<p>They downplayed potential consequences of the controversy, blamed the media for concerns about Biden&#39;s popularity and reiterated that Biden is fit for office. But the decision did little to allay the concerns of many supporters, the person said. </p>
<p>Campaign officials said there had been &#8220;no discussions whatsoever&#8221; about Biden dropping out of the race or any personnel restructuring after the controversy. </p>
<p>The window of opportunity is getting smaller and smaller anyway. The Democratic National Committee has announced that it&#8217;s going to officially nominate him because the nominee in a virtual vote before the party convention begins in Chicago on August 19. But when that may occur and what it&#8217;s going to seem like continues to be unclear.</p>
<p>___</p>
<p>Associated Press writers Josh Boak and Michael Rubinkam in Scranton, Pennsylvania, and Thomas Beaumont in Des Moines, Iowa, contributed to this report. </p>
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		<title>Nvidia deal: Ooredoo CEO: US chip restrictions simply “business as usual”</title>
		<link>https://bloggingthree.soflytech.com/2024/06/nvidia-deal-ooredoo-ceo-us-chip-restrictions-simply-business-as-usual/</link>
					<comments>https://bloggingthree.soflytech.com/2024/06/nvidia-deal-ooredoo-ceo-us-chip-restrictions-simply-business-as-usual/#respond</comments>
		
		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Wed, 26 Jun 2024 11:26:29 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[chip]]></category>
		<category><![CDATA[deal]]></category>
		<category><![CDATA[Nvidia]]></category>
		<category><![CDATA[Ooredoo]]></category>
		<category><![CDATA[restrictions]]></category>
		<category><![CDATA[simply]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=7358</guid>

					<description><![CDATA[Qatari telecommunications provider Ooredoo told CNBC on Wednesday that its latest reference to NVIDIA complies with all US regulations while still providing access to the newest technology. Ooredoo signed a partnership with NVIDIAThis marks the chipmaker&#39;s first large-scale entry into the Middle East market. The firms didn&#8217;t disclose the worth of the deal. Under the [&#8230;]]]></description>
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<p>Qatari telecommunications provider Ooredoo told CNBC on Wednesday that its latest reference to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">NVIDIA<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    complies with all US regulations while still providing access to the newest technology.</p>
<p>Ooredoo signed a partnership with <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">NVIDIA<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>This marks the chipmaker&#39;s first large-scale entry into the Middle East market. The firms didn&#8217;t disclose the worth of the deal.</p>
<p>Under the deal, 1000&#8217;s of Nvidia graphics processing units (GPUs) can be deployed in 26 data centers in Qatar and five other countries: Kuwait, Oman, Algeria, Tunisia and the Maldives. These chips will help the info centers process massive amounts of knowledge that may then flow into AI chatbots and other tools which can be essential components of a rustic&#39;s AI infrastructure.</p>
<p>The merger got here after the US last yr restricted the sale of certain sophisticated chips to some Middle Eastern countries over fears the technology may very well be intercepted by China.</p>
<p>Washington allows the export of some Nvidia chips to the region, and Nvidia, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">AMD<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Intel<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    have all indicated plans to develop less powerful chips for export to the Chinese market. The restrictions apply to A100 and H100 chips, not GPUs (one other style of semiconductor), that are the main target of this deal.</p>
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<p>Ooredoo told CNBC that the deal complies with all US regulations and that no latest licenses for other chips were created as a part of the partnership.</p>
<p>&#8220;For us as a telecommunications operator, dealing with very strict regulations is quite normal. We are used to dealing with regulators and government agencies, whether local or international,&#8221; Ooredoo&#39;s CEO told CNBC.</p>
<p>&#8220;We are working very closely with the various regulators and with Nvidia to obtain all necessary approvals and provide all necessary guarantees,&#8221; he added.</p>
<p>A tug-of-war has broken out between China and the US within the race for the newest artificial intelligence technology, with the United Arab Emirates&#39; leading AI group, G42, vowing to phase out Chinese hardware to appease Washington. <a href="https://www.ft.com/content/6710c259-0746-4e09-804f-8a48ecf50ba3" target="_blank" rel="noopener">He later made a take care of Microsoft value $1.5 billion.</a></p>
<p>The Gulf states are using their enormous energy wealth to turn out to be frontrunners in artificial intelligence, investing in developing the technology and importing huge quantities of chips utilized in AI data centers.</p>
<p>According to Ooredoo&#39;s CEO, the chips are the newest generation of GPUs specifically designed for artificial intelligence and can &#8220;enable extreme machine learning and model utilization of these AI models and generative AI.&#8221;</p>
<p>They are utilized in citizen services for governments and to extend productivity and efficiency for businesses and in research and development.</p>
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<p><a href="https://www.ooredoo.com/en/media/news_view/ooredoo-group-pioneers-ai-revolution-in-mena-region-with-nvidia-collaboration/" target="_blank" rel="noopener">The cloud partnership</a> The collaboration between Ooredoo and Nvidia is designed to position the chipmaker as a central source of AI technology within the region and can, in keeping with Ooredoo, drive innovation and development and create jobs. The countries will gain access to Nvidia&#39;s latest full-stack AI platform, which serves each Ooredoo and non-Ooredoo customers through independent data centers.</p>
<p>Before announcing the partnership with Nvidia, Ooredoo had already committed to investing $1 billion to extend its regional data center capability. Ooredoo CEO Aziz Aluthman Fakhroo told CNBC&#39;s Dan Murphy that he expects this investment to repay in the approaching years.</p>
<p>&#8220;The demand we&#39;re seeing from the cloud alone, and what we&#39;re now achieving by adding this layer of AI, is already exceeding our most optimistic plans. So we&#39;re likely to exceed that investment over the next three to five years.&#8221;</p>
<p>Ooredoo, backed by the Qatar Investment Authority and listed in each Qatar and Abu Dhabi, plans to develop an AI-driven platform powered by Nvidia in hopes of meeting market demand.</p>
<p>Nvidia briefly became the most dear company on this planet last week, overtaking <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>The chipmaker rebounded in trading on Tuesday, ending a three-day losing streak that saw its market value fall by greater than $550 billion.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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