UK government backs A.I. and data analytics projects with $16.79 million in funding

The U.K. has announced £13 million ($16.79 million) in funding for 40 artificial intelligence (AI) and data analytics projects. Business secretary Greg Clark said that AI and data were “transforming industries across the world.” According to one participant in the discussion, chaired by CNBC’s Steve Sedgwick, we’re still “way, way behind having thinking robots … that will do the work of humans.” “The key about AI is data,” Christopher A. Pissarides, professor of economics at the London School of


The U.K. has announced £13 million ($16.79 million) in funding for 40 artificial intelligence (AI) and data analytics projects. Business secretary Greg Clark said that AI and data were “transforming industries across the world.” According to one participant in the discussion, chaired by CNBC’s Steve Sedgwick, we’re still “way, way behind having thinking robots … that will do the work of humans.” “The key about AI is data,” Christopher A. Pissarides, professor of economics at the London School of
UK government backs A.I. and data analytics projects with $16.79 million in funding Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: anmar frangoul, gonin, istock, getty images
Keywords: news, cnbc, companies, backs, thinking, data, funding, world, way, professional, million, projects, pissarides, analytics, need, 1679, uk, ai


UK government backs A.I. and data analytics projects with $16.79 million in funding

The U.K. has announced £13 million ($16.79 million) in funding for 40 artificial intelligence (AI) and data analytics projects.

In an announcement at the end of last week, the government said that the investment would “support collaborative industry and research projects to develop the next-generation of professional services.”

Projects to receive funding include a “bot” that will use AI to offer answers to legal questions online and AI software that will analyse accounting data before suggesting ways that businesses can cut their spending through deals on water, gas and electricity bills.

Another project will use AI and voice recognition technology to “detect and interpret emotion and linguistics to assess the credibility of insurance claims.”

Business secretary Greg Clark said that AI and data were “transforming industries across the world.”

“We are combining our unique heritage in AI with our world beating professional services to put the U.K. at the forefront of these cutting-edge technologies and their application,” he added.

The topic of AI and its potential ramifications generates a great deal of debate and discussion. Last month, a CNBC-moderated panel at the World Economic Forum in Davos, Switzerland, looked at the topic.

According to one participant in the discussion, chaired by CNBC’s Steve Sedgwick, we’re still “way, way behind having thinking robots … that will do the work of humans.”

“The key about AI is data,” Christopher A. Pissarides, professor of economics at the London School of Economics, went on to explain. “You need to have very large amounts of data with AI, and then it’s programmed to interpret the data in certain ways.”

Using chess as an example, Pissarides said computers were “very good” at the game because there were masses of data on moves from the past. “But anything new, anything that you need to stretch the way you are thinking about something, it (AI) won’t be able to do,” he added.

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Company: cnbc, Activity: cnbc, Date: 2019-02-18  Authors: anmar frangoul, gonin, istock, getty images
Keywords: news, cnbc, companies, backs, thinking, data, funding, world, way, professional, million, projects, pissarides, analytics, need, 1679, uk, ai


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Cramer: Why investors can trust that Nvidia’s stock is bottoming

Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. “That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.” “There will be no comeback of cryptocurrency mining — that’s the chief reason Nvidia’s business fell off a cliff in the first place. But anything high-powered like artificial intel


Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. “That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.” “There will be no comeback of cryptocurrency mining — that’s the chief reason Nvidia’s business fell off a cliff in the first place. But anything high-powered like artificial intel
Cramer: Why investors can trust that Nvidia’s stock is bottoming Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, investors, trust, think, data, reason, stock, thats, nvidia, bottoming, nvidias, cramer, need


Cramer: Why investors can trust that Nvidia's stock is bottoming

Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent.

The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more computing.”

“That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.”

Following several months of sharp declines in Nvidia’s shares — tied largely to a breakdown in cryptocurrency mining, a gaming slowdown in China and slower-than-expected data center build-out — Cramer could understand why investors might be wary.

Add on the fact that Nvidia’s newest graphics cards, powered by its proprietary next-generation technology called Turing architecture, haven’t yet seen monster sales because Nvidia’s customers don’t seem to need that level of processing power, and the company’s outlook did seem quite grim.

But “the biggest theme on last night’s call was that, yes, things are about to normalize, first in gaming and then in the data center,” Cramer said. “There will be no comeback of cryptocurrency mining — that’s the chief reason Nvidia’s business fell off a cliff in the first place. But anything high-powered like artificial intelligence or machine learning or autonomous driving continues to percolate, and I think Nvidia’s the leader in these markets.”

Why is the company so sure? First, data centers aren’t that economically sensitive, so Nvidia sees building projects “coming back online” sooner rather than later, the “Mad Money” host said.

It also sees “the explosion in popularity of Fortnite and other free multiplayer games, which translates into more demand for their graphics processors. Remember, given that these games are free, the company believes there’ll be far more players,” Cramer said. “They see Dell, HP [and] Lenovo picking up the next-generation Turing platform. Well, that’s the big three. They see no further slowdown in China because it’s a growth economy. And it’s now been over a year since the crypto crash began, so they’ve had enough time to work through the excess inventory.”

And while he admitted that “that’s a lot of bottoms to call at once,” Cramer had one chief reason why he was on board with Nvidia’s bullishness.

“Why should we believe them? Simple, because Nvidia is not a cellphone semiconductor company. It’s not a supplier to Apple,” he said. “Its product cycles are unique, with only AMD really being comparable, and AMD pretty much called the bottom, too, hence the parallel rally in their stocks.”

So, as investors decide whether they want in, Cramer asked them to remember the CEO’s succinct remark that “the world needs more computing.”

“We know Nvidia’s right about the driving need for more computing power,” he argued. “That’s why I think the stock can rebound, but I also think you need to be careful not to be too enthusiastic. There’s no need to rush here now, something that the people, by the way, who bought Nvidia at $162 this morning found out as the stock gave back much of its gains and closed at $157.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, investors, trust, think, data, reason, stock, thats, nvidia, bottoming, nvidias, cramer, need


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Cramer: Why investors can trust that Nvidia’s stock is bottoming

Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. “That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.” “There will be no comeback of cryptocurrency mining — that’s the chief reason Nvidia’s business fell off a cliff in the first place. But anything high-powered like artificial intel


Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. “That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.” “There will be no comeback of cryptocurrency mining — that’s the chief reason Nvidia’s business fell off a cliff in the first place. But anything high-powered like artificial intel
Cramer: Why investors can trust that Nvidia’s stock is bottoming Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, investors, trust, think, data, reason, stock, thats, nvidia, bottoming, nvidias, cramer, need


Cramer: Why investors can trust that Nvidia's stock is bottoming

Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent.

The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more computing.”

“That simple statement is the main reason why I believe Nvidia can ultimately turn things around,” Cramer said on “Mad Money.”

Following several months of sharp declines in Nvidia’s shares — tied largely to a breakdown in cryptocurrency mining, a gaming slowdown in China and slower-than-expected data center build-out — Cramer could understand why investors might be wary.

Add on the fact that Nvidia’s newest graphics cards, powered by its proprietary next-generation technology called Turing architecture, haven’t yet seen monster sales because Nvidia’s customers don’t seem to need that level of processing power, and the company’s outlook did seem quite grim.

But “the biggest theme on last night’s call was that, yes, things are about to normalize, first in gaming and then in the data center,” Cramer said. “There will be no comeback of cryptocurrency mining — that’s the chief reason Nvidia’s business fell off a cliff in the first place. But anything high-powered like artificial intelligence or machine learning or autonomous driving continues to percolate, and I think Nvidia’s the leader in these markets.”

Why is the company so sure? First, data centers aren’t that economically sensitive, so Nvidia sees building projects “coming back online” sooner rather than later, the “Mad Money” host said.

It also sees “the explosion in popularity of Fortnite and other free multiplayer games, which translates into more demand for their graphics processors. Remember, given that these games are free, the company believes there’ll be far more players,” Cramer said. “They see Dell, HP [and] Lenovo picking up the next-generation Turing platform. Well, that’s the big three. They see no further slowdown in China because it’s a growth economy. And it’s now been over a year since the crypto crash began, so they’ve had enough time to work through the excess inventory.”

And while he admitted that “that’s a lot of bottoms to call at once,” Cramer had one chief reason why he was on board with Nvidia’s bullishness.

“Why should we believe them? Simple, because Nvidia is not a cellphone semiconductor company. It’s not a supplier to Apple,” he said. “Its product cycles are unique, with only AMD really being comparable, and AMD pretty much called the bottom, too, hence the parallel rally in their stocks.”

So, as investors decide whether they want in, Cramer asked them to remember the CEO’s succinct remark that “the world needs more computing.”

“We know Nvidia’s right about the driving need for more computing power,” he argued. “That’s why I think the stock can rebound, but I also think you need to be careful not to be too enthusiastic. There’s no need to rush here now, something that the people, by the way, who bought Nvidia at $162 this morning found out as the stock gave back much of its gains and closed at $157.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, investors, trust, think, data, reason, stock, thats, nvidia, bottoming, nvidias, cramer, need


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US Treasury yields lower ahead of fresh data

There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump


There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump
US Treasury yields lower ahead of fresh data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, fresh, etthere, house, wall, trump, president, china, data, xi, trade, ahead, yields, treasury, white, lower


US Treasury yields lower ahead of fresh data

There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump is due to speak in the White House Rose Garden at 10 a.m. ET.

Furthermore, bond traders are likely to follow a speech by Atlanta Fed President Raphael Bostic at 9.55 a.m. ET.

There is also a raft of data due. There will be industrial production numbers out at 9.15 a.m. ET and consumer sentiment out at 10 a.m. ET.

There are no Treasury auctions planned.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, fresh, etthere, house, wall, trump, president, china, data, xi, trade, ahead, yields, treasury, white, lower


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Dow futures sharply lower after weak data

U.S. stock index futures were lower on Friday morning on the back of weaker-than-expected retail data. ET, Dow Jones Industrial Average futures fell 99, indicating a negative open of more than 115 points. Futures on the S&P and Nasdaq were also seen slightly lower. Trump is due to speak in the White House Rose Garden at 10 a.m. ET on what the White House called the “national security and humanitarian crisis on our southern border.”


U.S. stock index futures were lower on Friday morning on the back of weaker-than-expected retail data. ET, Dow Jones Industrial Average futures fell 99, indicating a negative open of more than 115 points. Futures on the S&P and Nasdaq were also seen slightly lower. Trump is due to speak in the White House Rose Garden at 10 a.m. ET on what the White House called the “national security and humanitarian crisis on our southern border.”
Dow futures sharply lower after weak data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, wall, dow, weak, house, president, data, sharply, et, futures, trade, national, retail, morning, white, lower


Dow futures sharply lower after weak data

U.S. stock index futures were lower on Friday morning on the back of weaker-than-expected retail data.

At around 2:30 a.m. ET, Dow Jones Industrial Average futures fell 99, indicating a negative open of more than 115 points. Futures on the S&P and Nasdaq were also seen slightly lower.

On Thursday, U.S. retail sales data showed a contraction of 1.2 percent in December – the biggest monthly fall since September of 2009. As a result, Wall Street ended the day lower.

In the meantime, investors continue to follow news of U.S.-China trade talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

Politics remains the focus after the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, while also declaring a national emergency to try to build a wall on the border with Mexico.

Trump is due to speak in the White House Rose Garden at 10 a.m. ET on what the White House called the “national security and humanitarian crisis on our southern border.”

On the earnings front Allianz, Deere and PepsiCo are among the major companies expected to report their latest quarterly results before the opening bell.

There is also a raft of data due. There will be industrial production numbers out at 9.15 a.m. ET and consumer sentiment out at 10 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, wall, dow, weak, house, president, data, sharply, et, futures, trade, national, retail, morning, white, lower


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Facebook is negotiating with FTC to pay multibillion-dollar fine

Facebook and the Federal Trade Commission are reportedly negotiating what could be a multibillion-dollar fine related to the Cambridge Analytica data scandal, according to the Washington Post. The two sides are still negotiating details, the paper reported, but a settlement penalty in the billions of dollars would be by far the largest fine ever imposed by the FTC against a technology company. The agency’s biggest fine against a tech company to date came in 2012, when Google agreed to pay a $22.


Facebook and the Federal Trade Commission are reportedly negotiating what could be a multibillion-dollar fine related to the Cambridge Analytica data scandal, according to the Washington Post. The two sides are still negotiating details, the paper reported, but a settlement penalty in the billions of dollars would be by far the largest fine ever imposed by the FTC against a technology company. The agency’s biggest fine against a tech company to date came in 2012, when Google agreed to pay a $22.
Facebook is negotiating with FTC to pay multibillion-dollar fine Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: salvador rodriguez, saul loeb, afp, getty images
Keywords: news, cnbc, companies, cambridge, facebook, penalty, data, washington, negotiating, fine, million, multibilliondollar, pay, ftc, company


Facebook is negotiating with FTC to pay multibillion-dollar fine

Facebook and the Federal Trade Commission are reportedly negotiating what could be a multibillion-dollar fine related to the Cambridge Analytica data scandal, according to the Washington Post.

The two sides are still negotiating details, the paper reported, but a settlement penalty in the billions of dollars would be by far the largest fine ever imposed by the FTC against a technology company. The agency’s biggest fine against a tech company to date came in 2012, when Google agreed to pay a $22.5 million penalty due to its privacy practices.

The FTC began probing Facebook in March 2018 following reports that political consulting firm Cambridge Analytica had improperly accessed the data of 87 million Facebook users.

Facebook did not response to a request for comment.

Read the full report in the Washington Post.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: salvador rodriguez, saul loeb, afp, getty images
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China’s January trade data come in much stronger than expected

China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December. In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period. Das told CNBC he still expected China’s economy to bottom in the first half of the year. In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they st


China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December. In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period. Das told CNBC he still expected China’s economy to bottom in the first half of the year. In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they st
China’s January trade data come in much stronger than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: huileng tan, vcg, getty images
Keywords: news, cnbc, companies, chinese, stronger, fell, evanspritchard, imports, china, exports, expected, data, trade, come, chinas


China's January trade data come in much stronger than expected

China’s closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December.

In January, China’s exports to the U.S. fell 2.4 percent from a year ago, while imports from its trade war opponent tanked 41.2 percent over the same period.

Despite the upbeat data, analysts say data from China in the first two months of the year must be treated with caution due to business distortions caused by the timing of the week-long Lunar New Year public holiday, which fell in mid-February in 2018 but started on Feb. 4 this year.

Mixo Das, Asia equity strategist at J.P. Morgan, said he would not read too much into a single data point, especially with the presence of such distortions like the national holidays, cyclical trends and ongoing structural changes.

Das told CNBC he still expected China’s economy to bottom in the first half of the year.

“Even if the latest recovery in trade is genuine, the outlook for this year is still downbeat,” concurred Julian Evans-Pritchard, senior China Economist at Capital Economics.

That is due to an expected slowing in global growth that would hit Chinese exports, as well as cooling demand at home, Evans-Pritchard wrote in a note Thursday.

In fact, seasonally adjust trade data will show that even though exports and imports both did better than expected in January, they still remained weaker than a few months ago, he added.

“For now, then, the broad trend in shipments still appears to be pointing down,” Evans-Pritchard said.

Thursday’s data release comes as American and Chinese trade negotiators began a new round of talks in Beijing this week as the world’s two largest economies renewed efforts to reach a deal.

Officials from both countries are trying to reach a deal ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Chinese President Xi Jinping will meet with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Friday, the South China Morning Post reported.

—CNBC’s Fred Imbert and Reuters contributed to this report.

Clarification: This article has been updated to clarify that China on Thursday reported exports and imports data for January that easily topped expectations.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: huileng tan, vcg, getty images
Keywords: news, cnbc, companies, chinese, stronger, fell, evanspritchard, imports, china, exports, expected, data, trade, come, chinas


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Germany narrowly escapes recession after flat growth in the fourth quarter

Germany has narrowly avoided a technical recession after it posted flat growth in the fourth quarter, raising concerns that Europe’s largest economy is continuing to slow down. The latest growth data from Germany come after a period of domestic tumult, particularly for its beleaguered car industry, and global concerns over trade, import tariffs and growth. The flat fourth quarter data shows that Germany has narrowly avoided a recession – defined as two consecutive quarters of declining growth. I


Germany has narrowly avoided a technical recession after it posted flat growth in the fourth quarter, raising concerns that Europe’s largest economy is continuing to slow down. The latest growth data from Germany come after a period of domestic tumult, particularly for its beleaguered car industry, and global concerns over trade, import tariffs and growth. The flat fourth quarter data shows that Germany has narrowly avoided a recession – defined as two consecutive quarters of declining growth. I
Germany narrowly escapes recession after flat growth in the fourth quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: holly ellyatt, picture alliance, getty images
Keywords: news, cnbc, companies, positive, second, growth, flat, narrowly, escapes, quarter, data, recession, fourth, germany, trade


Germany narrowly escapes recession after flat growth in the fourth quarter

Germany has narrowly avoided a technical recession after it posted flat growth in the fourth quarter, raising concerns that Europe’s largest economy is continuing to slow down.

Preliminary data showed growth of 0.0 percent in the fourth quarter from the previous quarter, Germany’s federal statistics office Destatis said Thursday, below a Reuters forecast of 0.1 percent..

Destatis added that “positive contributions” in the fourth quarter came from domestic demand “however, development of foreign trade did not make a positive contribution to growth in the fourth-quarter.”

The latest growth data from Germany come after a period of domestic tumult, particularly for its beleaguered car industry, and global concerns over trade, import tariffs and growth.

The flat fourth quarter data shows that Germany has narrowly avoided a recession – defined as two consecutive quarters of declining growth. It does not bode well for Europe, however, which sees Germany as a traditional growth driver in the region.

“After a dynamic start into the first half of the year (+0.4 percent in the first quarter, +0.5 percent in the second quarter), a small dip (-0.2 percent in the third quarter, 0.0 percent in the fourth quarter) was recorded in the second half of the year. For the whole year of 2018, this was an increase of 1.4 percent,” Destatis said.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: holly ellyatt, picture alliance, getty images
Keywords: news, cnbc, companies, positive, second, growth, flat, narrowly, escapes, quarter, data, recession, fourth, germany, trade


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As information increasingly drives economies, China is set to overtake the US in race for data

China will generate more data than the United States by 2025 as it pushes into new technologies such as the so-called Internet of Things, according to a new report. Data created and replicated in China will outpace the global average by 3 percent annually, a study from the International Data Corporation and data storage firm Seagate found. The report said in 2018, China generated about 7.6 zettabytes of data and that number will grow to 48.6ZB in 2025. Meanwhile, the U.S. generated about 6.9ZB o


China will generate more data than the United States by 2025 as it pushes into new technologies such as the so-called Internet of Things, according to a new report. Data created and replicated in China will outpace the global average by 3 percent annually, a study from the International Data Corporation and data storage firm Seagate found. The report said in 2018, China generated about 7.6 zettabytes of data and that number will grow to 48.6ZB in 2025. Meanwhile, the U.S. generated about 6.9ZB o
As information increasingly drives economies, China is set to overtake the US in race for data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: saheli roy choudhury, baranozdemir, getty images
Keywords: news, cnbc, companies, race, united, set, drives, global, zettabytes, zettabyte, increasingly, number, china, information, 2025, data, overtake, economies, generated, used


As information increasingly drives economies, China is set to overtake the US in race for data

China will generate more data than the United States by 2025 as it pushes into new technologies such as the so-called Internet of Things, according to a new report.

Data created and replicated in China will outpace the global average by 3 percent annually, a study from the International Data Corporation and data storage firm Seagate found. The report said in 2018, China generated about 7.6 zettabytes of data and that number will grow to 48.6ZB in 2025. A zettabyte is approximately around a trillion gigabytes, which is a commonly used measure today.

Meanwhile, the U.S. generated about 6.9ZB of data last year. That number is predicted to be about 30.6ZB in 2025.

This all matters because information is increasingly seen as the currency upon which the global economy relies.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: saheli roy choudhury, baranozdemir, getty images
Keywords: news, cnbc, companies, race, united, set, drives, global, zettabytes, zettabyte, increasingly, number, china, information, 2025, data, overtake, economies, generated, used


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European markets: China trade data beats expectations, Brexit in focus

Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over


Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over
European markets: China trade data beats expectations, Brexit in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith
Keywords: news, cnbc, companies, group, data, focus, shares, brexit, stocks, maker, results, morning, fourthquarter, expectations, beats, china, deal, convatec, european, trade, markets


European markets: China trade data beats expectations, Brexit in focus

The pan-European Stoxx 600 was up around 0.4 percent shortly after the opening bell, with most sectors and major bourses in positive territory.

Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Europe’s largest aerospace group also said it was scrapping its flagship A380 cruiseliner. Shares of the Paris-listed stock rose more than 4 percent on the news.

Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over 10 percent.

Britain’s Convatec slumped to the bottom of the index during morning trade. The catheter and colostomy bag maker reported adjusted operating profit had slipped 6 percent in 2018. It said the risk of a no-deal Brexit had prompted the group to stockpile appropriately to deal with any potential supply disruptions. Shares of Convatec almost 20 percent.

Meanwhile, lawmakers in the U.K. are set to debate and vote on the next steps in the Brexit process later in the session.

It comes as Prime Minister Theresa May continues to try to get a deal through Parliament, with time running out before the country leaves the European Union next month.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith
Keywords: news, cnbc, companies, group, data, focus, shares, brexit, stocks, maker, results, morning, fourthquarter, expectations, beats, china, deal, convatec, european, trade, markets


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