Samsung Foundry has entered into a partnership with the South Korean firm DeepX. As part of the collaboration, Samsung Foundry will manufacture 5nm AI chips for DeepX. Notably, Samsung Foundry is the world’s second-largest contract semiconductor chip maker after TSMC. The company will now mass produce DeepX’s first-gen AI semiconductor chip called the DX-M1.

Samsung Foundry will make 5nm AI chips for South Korea’s DeepX

Reuters

(Reuters) - China's Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia in China amid U.S. sanctions, the Wall Street Journal reported on Tuesday, citing sources.

Huawei readies new AI chip to challenge Nvidia in China, WSJ reports

As one of the drivers of the generative artificial intelligence boom, Nvidia chief executive Jensen Huang is looking to a future in which everyone has their own AI. The next wave, Huang said, is enterprise AI, where everyone at a company “will have an AI assistant.”. “We hope that...

Nvidia CEO Jensen Huang teased what AI's next wave will be — and we may all end up with robot assistants

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Job satisfaction varies widely across sectors, the manufacturing industry stands out. Surveys from The Manufacturing Institute indicate that over 80% of manufacturing workers express satisfaction with their jobs, a notable contrast to broader workforce trends where many sectors report declining satisfaction in specific subcomponents​. This overall contentment is further emphasized by Deloitte’s findings, which highlight the benefits of positive workplace practices such as employee involvement in decision-making, robust training programs, and stringent health and safety measures​.

Why Manufacturing Workers Are Among the Happiest

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

Chipotle stock fell more than 10% on Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of. Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 770% since he took over. Chipotle's board named Chief...

Chipotle stock falls more than 10% as CEO Brian Niccol leaves for Starbucks

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

CNBC's Melissa Repko joins 'Squawk Box' to report on the company's quarterly earnings results.

Home Depot expects sales to weaken as consumers grow more cautious

California State

San Diego, CA

Following last year’s acquisition of viral vector and plasmid specialist Forge Biologics, Japan’s Ajinomoto Bio-Pharma Services is streamlining its business in San Diego. As a result, 71 California-based staffers—or 13% of the company’s overall U.S. workforce—are set to lose their jobs, Ajinomoto said in a memo viewed by Fierce Pharma. Affected employees are in line to receive severance packages, the company added.

Ajinomoto will lay off 71 staffers in California to streamline CDMO business following $620M Forge Biologics buy

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

The booming adoption of AI is impacting multiple industries and is expected to drive solid revenue growth in the memory chip and cloud markets. Investors can capitalize on these AI-powered growth trends with the help of two attractively valued companies that have received a nice shot in the arm thanks to AI.

2 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire

General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard "Elevation" model. The vehicle features a more rugged exterior design as well as a new interior with 26 inches of standard information and control screens. The Terrain is typically one of the bestselling...

GM reveals redesigned GMC Terrain as brand's entry-level model

Indiana State

Mississippi State

If you prefer hiking the Appalachian Mountains over lounging on coastal beaches, this year's least-expensive state to retire may be a good fit for you. For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate's best and worst states for retirement report, which published last month.

The 10 most affordable U.S. states for retirement in 2024: Half are in the South

Nvidia is dominating the AI revolution thanks to its GPU, data center, and software businesses. Outside of its core platforms, Nvidia has made a number of strategic AI investments to help open up new opportunities. Despite a meteoric rise in share price over the last year, the company's valuation multiples...

A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Stock Set to Soar 77%, According to 1 Wall Street Analyst

Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday. Calling the mission "Fram2," Wang is leading a quartet on what would be the first crewed spaceflight in polar orbit, flying end-to-end over the Earth. SpaceX plans to launch Fram2 near the...

Crypto magnate buys SpaceX mission for private polar spaceflight expedition

New York Post

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.

The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly.

Reuters exclusively reported the job cuts that San Jose, California-based Cisco announced in February, prior to the company announcing it.



Stellantis to cut nearly 2.5K union workers as Ram...

Cisco axing thousands of jobs in second round of layoffs amid shift to AI: report

Louisiana State

Local officials and advocates in California are divided over Gov. Gavin Newsom's recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. In June, the Supreme Court ruled that punishing homeless people for...

'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments

— This is the biweekly script of CNBC's news report for China's CCTV on August 09, 2024. Over 10,000 athletes participated, with 8 million tickets sold, and nearly 3 billion viewers tuning in remotely worldwide. This demonstrates the immense global appeal of the Olympics, held every four years. However, it's important to note that hosting the Olympics has always been very costly. Let's take a look at the expenses of the recent host cities for the Olympics.

CCTV Biweekly Script 09/08/24

Low-cost, high-tech Chinese EVs have stirred fears of a government-subsidized existential threat to automakers around the world. So what do these vehicles have to offer? How do they compare to the Tesla Model Y, which in 2023 was the bestselling car in the world? CNBC's Beijing bureau chief Eunice Yoon tested four of them from large and high-profile Chinese brands to see how they stack up against the Model Y, and to offer some insight into how non-China rivals might compete against them.

Test driving BYD, Nio and other Chinese EV rivals of Tesla

NewsBreak

Podcast: Japan's quest for the most powerful microchip leads semiconductor revival

In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge....

Podcast: Japan's quest for the most powerful microchip leads semiconductor revival

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