Author: Press Room

Amazon CEO Andy Jassy on Thursday released his annual shareholder letter where he predicted that rapid advancements around artificial intelligence, along with a more competitive chip market, will eventually bring down costs around the technology.”AI does not have to be as expensive as it is today, and it won’t be in the future,” Jassy wrote.Jassy said more price-performant chips, along with improvements in “model distillation, prompt catching, computing infrastructure, and model architectures” will over time reduce the “cost per unit in AI,” which will “unleash AI being used as expansively as customers desire.”He likened it to the company’s cloud juggernaut,…

With each passing decade, elite athletes seem to become faster, stronger and, dare we say it, better. Performance improves and, consequently, records tumble.But some records seem otherworldly. No matter what future technological or scientific advancements may be made, they feel out of reach and unbreakable. Although that is what many thought of Wayne Gretzky’s NHL’s goals record, and then came along Alexander Ovechkin.For 31 years, Gretzky reigned as the all-time goalscorer in the NHL with 894 goals. That was before 39-year-old Ovechkin of the Washington Capitals overtook that landmark on April 7. Gretzky still holds a few records widely regarded…

For decades the claim has been made that Formula 1 cars can generate enough downforce to drive upside down – at least at high speed.However, the first car to actually do so is said to be an electric hypercar that continues to blitz almost every record it attempts to break.The McMurtry Speirling now boasts the unique claim of being the world’s only vehicle to drive upside down, and it didn’t need to be travelling at high speed to do it.Two fans underneath its floor can generate up to 2000kg of downforce, helping the car stick to the ground at any…

US-SOUTH KOREAN ALLIANCE Mr Lee’s foreign policy instincts portend a major alliance crisis. If disputes between the US and China escalate into a war, there would be disastrous consequences. The US would expect all its allies to help. Those who do not would immediately lose their American security guarantee, mostly importantly the US nuclear umbrella. If South were to defect on the US alliance in such a time of need, the US would withdraw its forces immediately, and South Korea would be left alone. South Korea has the wealth to defend itself alone, but the costs would be enormous. The…

The group also claims it shot down a US MQ-9 drone in the airspace of Hajjah governorate.United States strikes in Yemen’s Sanaa province have killed six people and wounded more than a dozen others, Houthi media has said. Houthi-affiliated Al Masirah news reported on Sunday that two US raids also targeted the al-Yatmah area in Khab and al-Sha’af District in al-Jawf governate, northern Yemen. In a separate statement on Sunday evening, the group said a US MQ-9 drone was shot down in the airspace of Hajjah governorate by a locally made surface-to-air missile. The US has not commented on that…

President Donald Trump vowed on Sunday that nobody was getting “off the hook” for unfair trade balances and tariff barriers, which other countries have used against the U.S.The Trump administration announced Friday that it was exempting imported smartphones, laptops and other electronics from reciprocal tariffs, but the president wanted to clear a few things up.”There was no Tariff ‘exception’ announced on Friday,” Trump said in a post on X on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’  The Fake News knows this, but refuses to report…

Meme cryptocurrencies always have ways to dominate digital asset trends. While established projects like Dogecoin and Shiba Inu fail to spark investor interest, CartelFi appears ready to lead the pack in the upcoming bull run.CartelFi is a new cryptocurrency project that claims to bridge meme tokens and decentralized finance (DeFi). Numbers indicate robust investor cravings, with over $835K raised in its live presale.Turning idle memes into income generatorsThe cryptocurrency market remains flooded with meme assets with empty promises and unclear real-world use cases.CartelFi looks to shit this trend with massive utility: turning meme token liquidity via automatic token burns and…

Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.Futures pointed to a tech stock rally when global markets opened in Asia on Monday for the first time since the US spared smartphones and other consumer electronics from the harshest tariffs against China.Futures tracking the tech-heavy US Nasdaq 100 index rose 1.4 per cent, even as the Trump administration signalled there could still be levies on these goods in the months ahead. Contracts following Wall Street’s blue-chip S&P 500 index advanced 1 per cent. Trading volume early in the Asian morning…

For five decades the mystery of a man found dead on Christmas Day 1971 has remained a cold case, but investigators are confident someone can still identify him.

As developers and private homeowners alike turn to desperate measures to remove squatters, a cohort of eviction specialists has risen to prominence — helping to transform the issue into a major political controversy