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Metro Council is preparing to vote on the FUSUS video surveillance program. Here's what you need to know.HIVE Digital Technologies HIVE announced on Tuesday its acquisition and deployment of advanced Nvidia Corp NVDA H100 and H200 GPU clusters in Quebec, Canada . This strategic $30 million investment aims to strengthen HIVE’s position in artificial intelligence (AI) and high-performance computing (HPC) and enhance its role in the digital transformation landscape. The new GPU clusters are part of HIVE’s broader strategy to drive growth in AI and HPC markets. Also Read: Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions HIVE expects the latest technology to significantly boost its annualized run-rate revenue and margin growth in the coming quarters. The Nvidia H100 cluster, consisting of 248 GPUs across 32 nodes, is fully configured and set to be operational by the end of 2024. Once deployed, this cluster will likely generate ~$15 million in annualized run-rate revenue. The Nvidia H200 cluster, featuring 508 GPUs in 64 nodes, is scheduled to arrive in early January 2025 and be deployed in the first quarter of 2025. HIVE projects over $20 million in annualized run-rate revenue from the H200 cluster by the second quarter of 2025. Aligned with its commitment to sustainability, HIVE powers its operations in Quebec entirely with renewable energy. In October, Cantor Fitzgerald’s Brett Knoblauch highlighted HIVE’s measured approach to growth, contrasting it with peers focusing on aggressive expansion. He noted that the company prioritizes maximizing returns from fleet investments over rapid scaling, which has led to underperformance relative to competitors. The analyst expects HIVE to double its hash rate in the coming year while maintaining its top-tier mining efficiency. He also pointed out HIVE’s advancements in AI and high-performance computing (HPC), emphasizing the potential of its GPU cloud platform, HIVE Cloud . HIVE stock plunged over 32% year-to-date. Price Actions: HIVE stock is up 2.69% at $3.05 at the last check on Tuesday. Also Read: Nvidia Secures EU Approval For Run:ai Deal, US Probes China Export Breach Photo by rafapress via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None
Cyber Monday shoppers expected to set a record on biggest day for online shoppingA recent analysis report has revealed that Indian investors continued to top the list of new non-Emirati companies joining the chamber during the first nine months of 2024, with 12,142 new companies, according to Emirates News Agency WAM. The detailed analysis conducted by the Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers showcased an impressive influx of new non-Emirati companies, with Indian investors leading the charge. India ranked first on the list with 12,142 new companies. The findings highlight Dubai’s strong appeal among Indian investors and entrepreneurs. Pakistan ranked second on the list with 6,061 new companies joining between Q1-Q3 2024, while Egypt followed with 3,611 new companies registering as chamber members. The number of new Syrian companies joining the chamber during the first nine months of the year reached 2,062, placing the country fourth among the top nationalities of new member companies. The United Kingdom secured the fifth rank with 1,886 new companies joining the chamber. Bangladesh ranked sixth with 1,669 new Bangladeshi companies joining between Q1-Q3 2024. In terms of the sectoral distribution of new member companies joining the chamber between Q1-Q3 2024, the trade and services sector ranked first, accounting for 41.5 per cent of the total. Real estate, renting, and business services emerged in the second position with a share of 33.3 per cent. The manufacturing sector comprised the second largest percentage of electricity consumption at 13.8 per cent, this was followed by the construction sector taking the third largest percentage at 10.4 per cent. the transport, storage and communications sector taking the fourth largest percentage at 8.6 per cent. The last two types of industries, the social and personal services sector, accounted for 6.8 per cent.
Te tomo atu nei tatou ki te akamaara’anga o te ra anau’anga o to tatou Akaora, To tatou Atu ko Iesu mesia. Ariki mai I teia reo aroa kia tatou katoatoa. Kotou te noo nei e te tiaki nei te kiritimiti I to tatou Pa Enua e pera katoa ko ratou te noo mai ki te enua mamao I Aotearoa e Otireria. Pera katoa tatou tei runga I to tatou enua ko Rarotonga, Mery Christmas kia tatou pourua. Kia akameitaki ia tatou katoatoa I to tatou Atu I teia tuatau o te orote. Noatu e e tuatau orote teia ka angaanga rai te tai pae ia tatou. Te aere atu nei te reo akamaroiroi e te reo akameitaki ki te au Taote e te au Neti I runga I to tatou aremaki – te aronga tiaki e te tam ate angaanga mai nei I teia tuatau Pera katoa ta tatou anau akava te angaanga nei I te tiaki e te paruru ia tatou, te au taiki I roto I te are tapeka’anga. Kare e ngaropoina te aronga anga’anga nei I roto I te au otera ten ga tamataora. Te irinaki nei e kua akamako ia ta kotou shift, kia rauka tetai tuatau orote no kotou a teia epetoma ki mua. This is also a first Xmas for some of us where a dear member of the family or friends has passed away and will not be with you to celebrate – our thoughts are with you. By the same token some of you will have welcomed a new addition to the family – a first Xmas for a new baby is always an occasion for joy and celebration. And we do have a lot to celebrate for this year – what a year it has been – from the 50 th celebration of the opening of our airport in January, a momentous occasion that acknowledged the hard work and vision of those who established our gateway to the world in January 1974, right through to another successful Cook Islands Games with over 4000 athletes taking part. These games reminded us of the unity and strength that come from our shared love of sport and culture. They brought together communities from across our islands, blending competitive spirit with a deep sense of camaraderie and cultural pride. This celebration of our identity was a shining example of what makes us unique as Cook Islanders. And in between a number of events that we as a country can be rightfully proud of, our tourism rebound has been nothing short of remarkable. Our country has led the way in economic recovery that benefits our local businesses and entrepreneurs – from AirBnB to market vendors to food sellers to tour operators, etc. As a country, we have a lot to be thankful for the blessing we received. I ended by chairmanship of the PIF (Pacific Islands Forum) in August and handed over to Tonga. Representing our Pacific region at the regional and international stage with our Pacific neighbours and international partners has been both great responsibility and a huge privilege. The effects of climate change have been front and centre in many discussions and decisions this year. We can be proud of the way our country has promoted initiatives that will benefit all of our Pacific region. Kotou te tiaki nei e Kiritimit na roto I te imene e te uapou – kia noo Mataora kotou. Kotou te ka tamataora I teia tuatau, kia maru e kia Mataora takotou tamataora’anga, akono Meitaki I to kotou au taeake kia kore tatou e rokona ia I te tumatetenga. As we celebrate this festive season, let us not forget the reason for the season – the birth of our Lord and Saviour, Jesus Christ. His presence on Earth brought hope, peace, and joy, and this season is a time to reflect on His teachings. Let us give thanks for our many blessings. Let us remember those less fortunate than ourselves and honour the memories of those who are no longer with us. I encourage you to treasure your family and friends, hold them close, and savour every moment together. Celebrate with joy and responsibility, always looking out for one another. No reira te na roto atu nei iaku, maua ko Daphne, ta maua anua, to tatou kavamani, te ruru minita, te au mema Paramani, te orronga atu nei te reo aroa kia tatou katoatoa. Meri Christmas, Kia orana e kia manuia.