As artificial intelligence continues to rise in popularity across a range of industries, businesses are turning to providers of GPU infrastructure to support their AI technology needs. In response to this growing demand, GMI Cloud has raised an impressive $82 million in Series A funding. Led by Headline Asia with investments from strategic players like Banpu and Wistron, GMI Cloud is well-positioned to support the AI boom and help businesses access the crucial graphics processing units necessary for AI integration.
As the Indian capital market continues to thrive, four companies from the Delhi National Capital Region have filed draft papers with the Securities and Exchange Board of India (SEBI) to raise over ₹2,300 crore through IPOs. These companies, including Varindra Construction, Solarworld Energy Solutions, Viney Corporation, and Aditya Infotech Ltd., have seen a significant increase in IPO filings this year. With the success of their IPOs, these companies aim to raise capital for expansion and repayment of debt.
Nvidia, the AI chipmaker, once again exceeded Wall Street's expectations with its impressive Q2 results, reporting over $30 billion in sales, up 122% from the same period last year. This marks the company's stunning growth streak over the past two years. Despite the strong numbers and modestly better sales guidance, Nvidia's stock dipped up to 5% in after-hours trading, showing that investors may now be expecting more than just good results from the company. With their peerless processors driving the AI technology boom and the company's astonishing market value of over $3 trillion, Nvidia's role in the tech sector and its stock's popularity has reached new heights in recent years.
A recent report by CBRE highlights the growth of retail and consumer brands in sacred cities like Amritsar, Varanasi, Mathura, Ayodhya, and Guruvayur, as pilgrims and spiritual seekers flock to these places. The surge in spiritual tourism has led to the strategic adaptation of retail offerings by various brands in both high-street and mall locations. The rise in online platforms providing easy access to faith-based products and services has also contributed to the growth. Improved infrastructure and development of accommodation options have further boosted this trend, according to the report.
Genie, a global leader in construction equipment, has unveiled a new and improved TraX system for its boom lifts. This system, which has been in use for over 15 years, has been redesigned to reduce maintenance and increase performance. With the ability to be fitted to high-capacity machines, the new TraX offers increased flexibility and durability in extreme working conditions. Not only is it the only tracks system in the industry for high-capacity lifts, but it also has 50% fewer serviceable parts, making inspections and repairs more efficient. Aftermarket upgrade kits will also be available, allowing existing models to be converted from wheels to TraX.
The North East Facts Network (NEFN) of BOOM Live recently held a virtual event, "Data Demos: North East Edition," aimed at promoting data literacy and sourcing reliable information in India's northeastern states. The event featured a panel of data experts and practitioners who highlighted the challenges of data scarcity and unreliability in the region. Attendees were provided with practical advice on data triangulation, critical analysis of public datasets, and effectively using climate data for decision-making. The engaged Q&A sessions demonstrated the interest in practical data applications tailored to the unique challenges of Northeast India.
Afghanistan and Australia face off in a highly anticipated T20 World Cup Super Eight match in Kingstown, St. Vincent. The big moment comes in the 21st over, when Australian spinner Adam Zampa delivers a deceptive googly that catches Afghan opener Rahmanullah Gurbaz off guard. The Aussies appeal for an LBW, but a review shows that Gurbaz had actually edged the ball. Despite this close call, Afghanistan remains strong and continues to put up a fight against the formidable Australian team.
As the demand for renewable fuels rises, Brazil is taking advantage of the US biofuels boom by flooding the market with a lesser-known commodity. This has caused American farmers to struggle in competing with Brazil's low-priced biofuels, highlighting the challenges of a global market. With dynamics changing in the industry, the US biofuels sector may need to rethink its approach to remain competitive.
BOOM fact-checked a cropped video circulating on social media that purportedly shows actor Kangana Ranaut admitting defeat in the Lok Sabha election. The original video shows Ranaut responding to a remark made by her opponent, Pratibha Singh, during a public meeting in Navidhar. This fact-check highlights the importance of verifying the source and context of viral posts on social media.
After the iconic Concorde's retirement, many doubted the feasibility of a new supersonic passenger jet. However, Boom Supersonic's recent successful test flight of its X-B1 prototype is a promising step towards that goal. The company plans to build the jet in Greensboro, North Carolina, with the potential to employ over 1,700 workers and bring in billions of dollars in economic impact. With state and county incentives, Boom's ambitions have the potential to greatly benefit the economy and revolutionize the future of air travel.