Amazon's Betting Big on This Unknown AI Company

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Chinese premier flies to Australia after New Zealand visit

ROD McGUIRK and CHARLOTTE GRAHAM-McLAY
June 14, 2024

MELBOURNE, Australia (AP) -- Chinese Premier Li Qiang is due to arrive in Australia on Saturday on a relations-mending mission with panda diplomacy, rock lobsters and China's global dominance in the critical minerals sector high on the agenda.

China's most powerful politician after President Xi Jinping is expected to visit Adelaide Zoo and a Chinese-controlled lithium processing plant in the Kwinana Beach industrial estate, as well as Australia's Parliament House, during a visit that will end on Tuesday.

Li's visit is the first by a Chinese premier in seven years and is expected to pave the way for Xi's first journey to Australia since 2014.

China initiated a reset of the bilateral relationship after Prime Minister Anthony Albanese's center-left Labor Party was elected in 2022. The relationship collapsed during the previous conservative administration's almost decade in power over legislation that banned covert foreign interference in Australian politics, the exclusion of Chinese-owned telecommunications giant Huawei from rolling out the national 5G network due to security concerns, and Australia's call for an independent investigation into the causes of and responses to the COVID-19 pandemic.

Beijing imposed an array of official and unofficial trade blocks in 2020 on a range of Australian exports including coal, wine, barley and wood that cost up to 20 billion Australian dollars ($13 billion) a year.

All the trade bans have now been lifted except for Australian live lobster exports. Trade Minister Don Farrell predicted that impediment would also be lifted soon after Li's visit with Chinese Commerce Minister Wang Wentao.

"I'd be very confident that the visit this week will result in a very successful outcome for lobster producers," Farrell told reporters Wednesday.

Many observers expect Australia will be more cautious about its future economic relationship with China after being subjected to what many see as economic coercion in recent years.

Australian National University China expert Benjamin Herscovitch describes an "emerging expectations gap" between Beijing and the Australian capital Canberra.

"Beijing, now that the coercion campaign is over, wants to ... turn the page and launch into a more expansive, more positive, more cooperative bilateral relationship," Herscovitch told Australian Broadcasting Corp.

"Canberra's saying: 'Look. Hold on. We want the trade restrictions gone and we want high-level diplomacy restored. But we're not interested in deeper science and technology cooperation with China because we see that potentially from an Australian point of view as a security threat,'" Herscovitch added.

Li intends to visit Tianqi Lithium Energy Australia's processing plant in Western Australia state Tuesday to underscore China's interest in investing in critical minerals, news media have reported. The plant produces battery-grade lithium hydroxide for electric vehicles.

Australia shares the United States' concerns over China's dominance in the critical minerals, which are essential components in the world's transition to renewable energy sources.

Citing Australia's national interests, Treasurer Jim Chalmers recently ordered five Chinese-linked companies to divest their shares in rare earths mining company Northern Minerals.

Less controversially, Li is expected to make a visit Sunday to Adelaide Zoo, which has been the home of China-born giant pandas Wang Wang and Fu Ni since 2009.

The Adelaide Advertiser newspaper has reported Li will announce the pandas will be replaced by another breeding pair after they return to China in November.

While the bilateral economic relationship is recovering from plumbing new lows in recent years, the security relationship between the two free trading partners appears to be more tense.

An annual poll by the Sydney-based Lowy Institute foreign policy think tank released in June found 53% of Australian respondents saw China as more of a security threat than an economic partner.

Albanese has said he will raise with Li during an annual leaders' meeting on Monday recent clashes between the two countries' militaries in the South China Sea and Yellow Sea which Australia argues endangered Australian personnel.

Li is visiting New Zealand, Australia and Malaysia during his trip.

He left New Zealand on Saturday, ending a three-day visit to a country with which China has enjoyed a more harmonious relationship than it has with Australia. Li described China and New Zealand as "good friends."

His next stop will be Malaysia, where bilateral relations are further complicated by competing territorial claims in the South China Sea.

New Zealand Prime Minister Christopher Luxon told Li on Saturday: "China is one of New Zealand's most important and consequential relationships."

Li used the trip to express concerns at New Zealand's contemplation of joining a military technology sharing arrangement under Australia's AUKUS pact with the United States and Britain. The pact's primary aim is to provide Australia with a fleet of submarines powered by U.S. nuclear technology.

___

McLay contributed from Wellington, New Zealand.

Continue Reading...

Popular
Nvidia Dominates GPU Market as Generative AI Adoption Grows, Analyst Says

Nvidia Dominates GPU Market as Generative AI Adoption Grows, Analyst Says

Piper Sandler analyst says enterprise adoption of GenAI is rapidly increasing, with Microsoft and Nvidia leading in strategic AI vendors. Apple devices expected to grow in proportion.

Puerto Rico power company suspends $65M worth of maintenance projects, sparking outcry amid outages

Puerto Rico power company suspends $65M worth of maintenance projects, sparking outcry amid outages

SAN JUAN, Puerto Rico (AP) — The private operator of Puerto Rico’s power grid confirmed Monday the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory, with some repairs postponed for at least a year because of budget constraints, putting at risk the — and sparking a widespread outcry.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Nvidia surged 217.58% over the past year, 173.78% year-to-date. Here are eight large-cap stocks that outperformed it this past year.

Trump Vs. Biden: Latest Poll Reveals Clear Impact Of Ex-President's Conviction On Voters In Tightly Contested Race

Trump Vs. Biden: Latest Poll Reveals Clear Impact Of Ex-President's Conviction On Voters In Tightly Contested Race

Ahead of the 2024 presidential election, former President Donald Trump has seen a decline in support following his recent conviction.

'Bombshell' Presentation Exposes Dark Side of Tech Billionaires - Ad

Blistering presentation exposes dark underbelly of Big Tech; their control over the economy and what you can do about it. If you watch just one presentation this year, make sure it's this one.

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Donald Trump's niece Mary Trump recently slammed the idea of pardoning the ex-president after he was found guilty in the first of his four criminal trials.

Donald Trump Isn't A Convicted Felon Just Yet And Can Still Pursue These Options To Fight Damning Verdict, Says Yale Law Professor

Donald Trump Isn't A Convicted Felon Just Yet And Can Still Pursue These Options To Fight Damning Verdict, Says Yale Law Professor

A Yale Law professor suggested an alternative strategy for former President Donald Trump's legal team following his recent guilty verdict.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Dogecoin Trader Who Made $250K Spends It All On Donations, Drugs, Concerts, Tattoos...And Takes Her Last $4K To Buy More

Dogecoin Trader Who Made $250K Spends It All On Donations, Drugs, Concerts, Tattoos...And Takes Her Last $4K To Buy More

A pseudonymous cryptocurrency trader shared a cautionary tale about the dangers of sudden wealth from cryptocurrency and meme coin trading.

States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel

States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel

NEW YORK (AP) — States are looking to increase their take from the $16 billion online sports gambling industry as it expands across the country with big partnerships.

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad

Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."

AES' Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

AES' Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

The AES Corporation's AES Hawaii launched the Kuihelani Solar-plus-Storage facility, generating 60MW of renewable energy and reducing Maui's reliance on fossil fuels.

Singapore Airlines offers compensation to passengers on flight that hit extreme turbulence

Singapore Airlines offers compensation to passengers on flight that hit extreme turbulence

KUALA LUMPUR, Malaysia (AP) — Singapore Airlines said Tuesday it has offered compensation to passengers of a flight that hit extreme turbulence last month, in a rare case that killed one passenger and injured dozens.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Apple, GameStock, Paramount Global, Oracle, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Apple, GameStock, Paramount Global, Oracle, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, major U.S. indices showed mixed results. The Dow Jones Industrial Average closed down 0.3% at 38,747.42.

FDA Approves Expanded Use For Sarepta's Rare Muscular Dystrophy Gene Therapy

FDA Approves Expanded Use For Sarepta's Rare Muscular Dystrophy Gene Therapy

The FDA has approved Sarepta Therapeutics' Elevidys for treating Duchenne muscular dystrophy in patients aged 4 and older with specific DMD gene mutations.

Claim Your Free "AI Income Playbook" Now! - Ad

Income expert Marc Lichtenfeld has a special gift reserved just for you... It's his brand-new "AI Income Playbook" - and it's yours FREE! Inside, you'll discover how to tap the unlimited profit potential of artificial intelligence... With three explosive AI stocks that are handing out monster dividends like clockwork.

Trump's company: New Jersey golf club liquor license probe doesn't apply to ex-president

Trump's company: New Jersey golf club liquor license probe doesn't apply to ex-president

ATLANTIC CITY, N.J. (AP) — Former president Donald Trump is not the holder of liquor licenses at his three New Jersey golf clubs, his company said Tuesday in response to an inquiry by the New Jersey attorney general's office into whether his convictions in a New York case might affect those licenses.

Elon Musk Hails 'Diablo' As A 'Hall-Of-Fame' Game After Player Count Surpasses 100 Million

Elon Musk Hails 'Diablo' As A 'Hall-Of-Fame' Game After Player Count Surpasses 100 Million

Elon Musk praised Blizzard Entertainment's "Diablo" series for surpassing 100 million players over its 27-year history.

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

What's Going On With BioRestorative Therapies Stock?

What's Going On With BioRestorative Therapies Stock?

BioRestorative Therapies shares are trading higher Monday after the company announced it has received notice from the Nasdaq Stock Market that it has regained compliance with listing requirements.

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is urging shareholders to cast their votes on their shares by offering them an opportunity to win a personal tour of the company's Texas facility.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

GOP-Controlled House Strips Cannabis Banking Protections From Government Spending Bill In Blow To Legal Marijuana Industry

GOP-Controlled House Strips Cannabis Banking Protections From Government Spending Bill In Blow To Legal Marijuana Industry

House Republicans remove cannabis banking protections from funding bill due to concerns within party. Debate continues over legalization.

Tesla 'Not Going To Grow This Year,' Says Bernstein Analyst: Maintains 'Underweight' Rating While Noting That Elon Musk's Pay Package Approval Will Bring 'Relief Rally'

Tesla 'Not Going To Grow This Year,' Says Bernstein Analyst: Maintains 'Underweight' Rating While Noting That Elon Musk's Pay Package Approval Will Bring 'Relief Rally'

Bernstein analyst Toni Sacconaghi shared on CNBC's Squawk Box that while Elon Musk's new pay package approval led to a positive "relief rally" for Tesla, he maintains an underperform rating on the stock due to expected declines in unit growth and earnings.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Investment Management, an activist investor, has built a nearly $2 billion stake in Southwest Airlines, and is set to advocate for changes to enhance the airline's underperforming shares.

Nvidia's AI Muscle Propels Stock Past Apple To No. 2 Spot On SPY Holdings: What Investors Need To Know

Nvidia's AI Muscle Propels Stock Past Apple To No. 2 Spot On SPY Holdings: What Investors Need To Know

As of Tuesday's close, Nvidia's $2.864 trillion market cap trails Apple's $2.98 trillion by just $116 billion.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

General Motors Reveals $6B Stock Buyback - What's Going On?

General Motors Reveals $6B Stock Buyback - What's Going On?

General Motors announces a $6 billion share repurchase plan, aiming to boost shareholder value amidst positive financial performance.

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Stocks Ease Ahead Of Wednesday's Key Events, Apple Jumps To Record Highs, Bitcoin Tumbles To $66,500: What's Driving Markets Tuesday?

Wall Street traded slightly in the red on Tuesday morning as markets took a cautious stance ahead of the inflation report and the Federal Open Market Committee (FOMC) meeting on Wednesday.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

FORT LAUDERDALE, Fla. (AP) — The U.S. Supreme Court on Monday refused to take up a challenge to exclusive rights to handle online sports betting in Florida, dealing a blow to the deal's opponents.

Does 'Sell In May And Go Away' Work For Bitcoin? This Researcher Crunched The Numbers

Does 'Sell In May And Go Away' Work For Bitcoin? This Researcher Crunched The Numbers

Crypto researcher TradeTheFlow challenged the prevailing notion that summer is a dull period for cryptocurrency markets, particularly Bitcoin (CRYPTO:

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin (CRYPTO: BTC) stance by comparing it with the bizarre perspective of the Chinese Communist Party.

EU Tariffs on Chinese EVs Raises Red Flags, Battery Maker Warns Of Dwindling Demand For Material: 'Short-Term Outlook… Clearly Disappointing'

EU Tariffs on Chinese EVs Raises Red Flags, Battery Maker Warns Of Dwindling Demand For Material: 'Short-Term Outlook… Clearly Disappointing'

The company attributed the decline to reduced plans by European automakers and unfulfilled expected volumes from a Chinese manufacturer.

Expert: The Most Important Message You'll See in 2024 - Ad

In short, America is being invaded...The invasion spreading across America is coming from the ports, highways, and railroads. AND it's being invited in by the White House. Many will be blindsided, but if you prepare today, you could come out far ahead.

Ethereum Spikes, Bitcoin, Dogecoin Stay Choppy As Market Celebrates Legal Win Against SEC: King Crypto Could Bounce 80% Over Next 2 Weeks, Says Analyst

Ethereum Spikes, Bitcoin, Dogecoin Stay Choppy As Market Celebrates Legal Win Against SEC: King Crypto Could Bounce 80% Over Next 2 Weeks, Says Analyst

Ethereum gained on major regulatory win against the SEC, while Bitcoin and Dogecoin continued to move sideways on Wednesday. 

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service