Weekend Update - Nov 17

Weekend Update - Nov 17

Just a few interesting things you might have missed this week

AI NEWS

VERSES announces its 3rd of 10 Genius partners - SimWell

VERSES AI Announces SimWell Joins the Genius™ Beta Program
VERSES AI Announces SimWell Joins the Genius™ Beta Program. Collaboration to Enable Enterprise Clients to Generate Real-Time Data-Driven Decision-Making

Microsoft announces it is making its own AI chips and partnering up with NVIDIA.

Microsoft is finally making custom chips — and they’re all about AI
The rumors are true: Microsoft has built its own custom AI chip that can be used to train large language models and potentially avoid a costly reliance on Nvidia. Microsoft has also built its own A

He's a Dictator

Biden and Xi Try the Personal Touch
Does face-to-face diplomacy ever change anything? SAN FRANCISCO—U.S. President Joe Biden met his Chinese counterpart, Xi Jinping, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) s
Oil prices on track for fourth straight week of decline
Oil prices were on track for the fourth straight week of decline as they remained little changed in early Asian trade after slipping about 5% to a four month-low on Thursday on worries over global

Battery Metals

As the demand grows for lithium, companies are looking to brazil to fill demand. Projections from S&P suggest a 23-fold increase in demand for nickel, cobalt, and lithium in the US by 2035

Demand sparks boom in Brazil’s lithium valley
Lithium mining companies have swept into Brazil’s southeastern Minas Gerais state, hoping to meet demand for the mineral which has soared in the context of demand for renewable energy. An

Uranium heating up

U.S. Reenters the Nuclear Fuel Game
Centrus Energy delivers first batch of uranium that’s critical for advanced reactors The 93 currently active nuclear-power reactors in the United States burn about 2,000 tonnes of uranium fuel each y

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Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

News Release Highlights: * Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract. * Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing (“HPC”) server distribution business vertical alone. * Nvidia’s H100 Servers are used in “transformational AI Training”, offering up to “7x higher performance

By Financial Gambits
Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction

Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction

News Release Highlights: * Cedarcross Technologies, Alset investee company, has entered into a distribution agreement with Earthmade Computer, an Authorized Distributor of Super Micro Computer, to provide AI companies with access to Nvidia H100 servers * Cedarcross Technologies achieves significant milestone closing its first distribution transaction with Ceti AI for total revenue

By Financial Gambits