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China plans compute futures in Shanghai as AI computing demand surges

China is preparing to launch compute futures in Shanghai, signalling a push to link financial markets to computing power as the global AI boom drives new demand for digital infrastructure. The Shanghai municipal government has released guidelines stating the new financial derivative would form part of efforts to turn the city into a global wealth management hub. It is the first time Shanghai’s authorities have explicitly mentioned compute futures in an official document.

South China Morning Post 7d ago

CBSE students demand grace marks, fee waiver over evaluation errors

Pune: Several CBSE Std XII students across the country have launched a coordinated demand for grace marks and a complete waiver of verification and re-evaluation fees, claiming that technical problems linked to the board’s new On-Screen Marking (OSM) system led to unusually low scores, unchecked answers and delayed access to answer sheets at a crucial stage of the admission season. The demand came as students applying for engineering, medical, commerce and overseas university programmes said...

Times of India 4d ago

Publishers Adapt to AI, Space Race Centers on Satellites

Florida-based Launch on Demand is slated to begin building a $600 million facility in a remote region of the Dominican Republic late this year.

Bloomberg Markets 4d ago

Statistically Robust Resource Block Allocation for Satellite Communications

Announce Type: new Abstract: It is critical to dimension (accurately estimate capacity of) a satellite system prior to deployment, as it is very expensive to reconfigure launched satellite systems that fail to meet demand or that waste capacity. The fundamental requirement is a dimensioning rule for resource blocks (RBs) given a satellite footprint and a target overload probability (target Quality-of-Service). The rule must be robust to the spatial covariance structure of signal attenuation,...

arXiv CS 8d ago

Andy Burnham accuses water companies of ‘profiteering’ during cost-of-living crisis

Andy Burnham accuses water companies of ‘profiteering’ during cost-of-living crisis Mr Burnham promised a vote for him in Makerfield would be a vote to ‘change Labour’ - Bookmark - CommentsGo to comments Andy Burnham has launched a scathing attack on "profiteering" water companies, demanding United Utilities cancel its final dividend payment to shareholders in August. The Greater Manchester Mayor argued the money should instead be used to lower consumer costs, following a surge in the North...

The Independent UK 8d ago

Yen falls to 160 level, prompting warnings from Japanese officials

Yen falls to 160 level, prompting warnings from Japanese officials LONDON, June 3 : Renewed strength in the dollar pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on alert for intervention, as fresh Gulf hostilities bolstered demand for the greenback. The U.S. said Iran launched ballistic missiles toward regional neighbours but all failed to hit targets, and that U.S. forces conducted strikes on Qeshm Island in...

Channel News Asia 7d ago

On-demand Arctic observations with low-cost balloon systems could sharpen local storm forecasts

On-demand Arctic observations with low-cost balloon systems could sharpen local storm forecasts Sadie Harley Scientific Editor Robert Egan Associate Editor Arctic communities are increasingly exposed to dangerous weather events due to climate change and rely on accurate weather forecasts. However, conditions in the lower atmosphere remain poorly observed in the Arctic because monitoring systems are expensive and difficult to deploy. Now, researchers propose a new framework for on-demand...

Phys.org 6d ago

A global brand but local cars is Audi's future, says CEO

Audi's CEO, Gernot Döllner, stated that the company's future lies in a strategy of offering global brands with locally tailored cars. He cited the Q9 as an example, noting that its development prioritised US requirements, leading to a US-first global launch. This approach involves adapting vehicles to specific regional demands, such as incorporating features based on customer feedback and market research.

Ars Technica 15d ago

Why buying home has gotten costlier: Eight cities see price rise upto 24% in Q1

Thinking of buying a home? The price tag may have changed more than you expect. Housing prices across eight major cities climbed between 3% and 24% year-on-year in the January-March quarter of 2026, with Bengaluru leading the surge, according to a report by real estate consultant PropTiger.

Times of India 11d ago

Amazon launches Prime in South Africa for under $4 a month

Amazon launches Prime in South Africa for under $4 a month June 3 : E-commerce giant Amazon.com said on Wednesday it has launched its paid Prime service in South Africa, offering faster deliveries and media content for 59 South African rand ($3.61) a month or 399 rand a year. Here are some details: • Amazon Prime is already available in 26 other countries, with Prime Day, one of Amazon's biggest sales events, scheduled for June 23-29 in South Africa. • South Africa has seen a boom in online...

Channel News Asia 7d ago