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Huawei Expects AI Chip Revenue to Hit $12 Billion This Year

Key Points: Huawei predicts its artificial intelligence chip revenue will jump by at least 60% this year. The Chinese technology giant expects chip sales to hit $12 billion in 2025, up from $7.5 billion in 2025. Massive domestic demand from Chinese technology companies drives this huge growth in hardware sales. The company will release an upgraded Ascend 950DT processor to the public in the fourth...

First Direct Flight Between United States and Venezuela Lands in Caracas

Key Points: Envoy Air operated the first direct commercial flight from Miami to Caracas in 7 years. The United States suspended flights 7 years ago, citing security risks under the previous government. Passengers celebrated the direct route after spending years relying on long connections through neighboring countries. United States energy officials traveled on the flight to help American companies enter the local mining market. The...

Japanese Yen Surges Against US Dollar Amid Intervention Rumors

Key Points: The Japanese yen jumped sharply against the US dollar on Friday, pushing the dollar down 0.66% to 155.60. This sudden move follows a massive 3% rally in the yen on Thursday, attributed to suspected currency intervention by Japanese officials. Japan's top currency diplomat, Atsushi Mimura, warned traders that the government remains ready to step into the markets again. A wide gap between the...