Meta to put AI chip into production in September as it looks to double computing capacity, memo shows

Meta’s in-house Iris AI chip will power Facebook and Instagram under its four-generation MTIA programme People walk behind a logo of Meta Platforms company, during a conference in Mumbai, India, September 20, 2023. REUTERS  Meta Platforms  plans to start manufacturing an artificial intelligence chip from September as part of its plan ‌to boost overall computing power…

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Gold prices in Pakistan Today

Gold prices rose in both international and local markets on Thursday, while silver prices remained stable. In the international bullion market, the price of gold increased by $36 per ounce to reach $4,113. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market rose by…

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PSDP spending surpasses revised allocation by Rs92b

Key ministries exceed budget authorisations, putting IMF-mandated primary surplus target at risk An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan August 22, 2023.Photo: Reuters ISLAMABAD: The federal development spending shot up to Rs912 billion, exceeding the downward revised allocation by Rs92 billion, after key ministries incurred more expenses than their authorisations…

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Floods, reservoir breach kill 39 in southern China

Casualties reported across Guangxi Zhuang autonomous region, which borders Vietnam At least 39 people have been killed and nine others remain missing due to floods, which also triggered a reservoir breach, in southern China, local authorities said Thursday. The casualties were reported across the Guangxi Zhuang autonomous region, which borders Vietnam, state-run media reported. The…

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India, Australia sign uranium pact

Deal comes as Australian Premier Albanese hosts Indian counterpart Modi for summit in Melbourne India, Australia sign uranium pact. Photo: Anadolu Agency India and Australia on Thursday signed a pact to facilitate uranium exports as the two countries pledged to deepen defense and security cooperation. This came as Indian Prime Minister Narendra Modi arrived in…

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Power restored to much of Cuba

. HAVANA: Power was restored to large parts of Cuba on Tuesday, a day after the third nationwide blackout in six months on the island, which is reeling from a severe economic crisis and US fuel blockade. Ten of the country’s 15 provinces had been reconnected to the grid by Tuesday afternoon, but the low…

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