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Apple signs solar PPA in Spain

The iPhone maker has signed a deal with ib vogt to offtake 105MWac of solar power from the Castaño Solar project in the province of Segovia, northwest of Madrid.

“Spain has developed to become a major market for solar PV, with significant opportunities for companies to benefit from low-cost, low-carbon solar power," said Anton Milner, CEO of ib vogt.

"This PPA is a perfect example, and I would like to thank all involved parties who helped make this a success and especially Apple, who are partnering with us on this project.

“We have a growing portfolio in Spain with more opportunities for corporate PPA’s through our turn-key solar projects.”

The project, with a peak capacity of 134MWp, will use bifacial solar panels on a single-axis tracker system to maximize energy production.

The solar farm is one of three projects with pay-as-produced fixed price PPAs that ib vogt is currently constructing in the province and is expected to be fully operational in December 2024.

Apple operates a total of seven data centers across the US, Denmark, and China, as well as utilizing a number of colocation sites. The company is a major Google Cloud and AWS customer. The company says all its data centers are powered by renewable energy via PPAs and other agreements.

Apple doesn’t currently operate a data center in Spain.

Founded in 2002 and majority owned by DIF Capital Partners, ib vogt has previously signed a solar PPA with Google in Spain and AirTrunk in Malaysia.

American billionaires added $2 trillion to their wealth during pandemic

America’s billionaires got more than $2 trillion richer during the coronavirus pandemic, with their combined wealth nearly doubling over the last 19 months alone, according to a new analysis of Forbes data.

The collective fortunes of US billionaires has topped more than $5 trillion, from just short of $3 trillion in March 2020 to $5 trillion by 15 October, according to the report from Americans for Tax Fairness and the Institute for Policy Studies Program on Inequality released on 18 October.

The pandemic also has produced more than 100 new billionaires. There were 614 people in the US with 10-figure bank accounts as of March 2020, the report found. Now there are 745.

‘Billionaire bonanza’ surges during public health crisis, analysis finds
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The most popular spectator sports in Israel are association football and basketball.[694] The Israeli Premier League is the country's premier football league, and the Israeli Basketball Premier League is the premier basketball league.[695] Maccabi Haifa, Maccabi Tel Aviv, Hapoel Tel Aviv and Beitar Jerusalem are the largest football clubs. Maccabi Tel Aviv, Maccabi Haifa and Hapoel Tel Aviv have competed in the UEFA Champions League and Hapoel Tel Aviv reached the UEFA Cup quarter-finals. Israel hosted and won the 1964 AFC Asian Cup; in 1970 the Israel national football team qualified for the FIFA World Cup, the only time it participated in the World Cup. The 1974 Asian Games, held in Tehran, were the last Asian Games in which Israel participated, plagued by the Arab countries that refused to compete with Israel. Israel was excluded from the 1978 Asian Games and since then has not competed in Asian sport events.[696] In 1994, UEFA agreed to admit Israel, and its football teams now compete in Europe. Maccabi Tel Aviv B.C. has won the European championship in basketball six times.[697]

Israel has won nine Olympic medals since its first win in 1992, including a gold medal in windsurfing at the 2004 Summer Olympics.[698] Israel has won over 100 gold medals in the Paralympic Games and is ranked 20th in the all-time medal count. The 1968 Summer Paralympics were hosted by Israel.[699] The Maccabiah Games, an Olympic-style event for Jewish and Israeli athletes, was inaugurated in the 1930s, and has been held every four years since then. Krav Maga, a martial art developed by Jewish ghetto defenders during the struggle against fascism in Europe, is used by the Israeli security forces and police. Its effectiveness and practical approach to self-defense, have won it widespread admiration and adherence around the world.[700] Boris Gelfand, chess Grandmaster

Chess is a leading sport in Israel. There are many Israeli grandmasters and Israeli chess players have won a number of youth world championships.[701] Israel stages an annual international championship and hosted the World Team Chess Championship in 2005. The Ministry of Education and the World Chess Federation agreed upon a project of teaching chess within Israeli schools, and it has been introduced into the curriculum of some schools.[702] The city of Beersheba has become a national chess center, with the game being taught in the city's kindergartens. Owing partly to Soviet immigration, it is home to the largest number of chess grandmasters of any city in the world.[703][704] The Israeli chess team won the silver medal at the 2008 Chess Olympiad[705] and the bronze, coming in third among 148 teams, at the 2010 Olympiad. Israeli grandmaster Boris Gelfand won the Chess World Cup 2009.[706]

Forbes World’s Billionaires List 2024: The Top 200
hat a year it’s been for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation. There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They’re richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021. Two-thirds of the list’s members are worth more than a year ago; only one fourth are poorer. Much of the gains come from the top 20, who added a combined $700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined $5.7 trillion. China remains second, with 473 (including Hong Kong) worth $1.7 trillion, despite weak consumer spending and a real estate bust that helped wipe out some $300 billion in wealth. India, which has 200 billionaires (also a record), ranks third. To calculate net worths, we used stock prices and exchange rates from March 8, 2024. See below for the full list of the world’s billionaires and our methodology. For daily updated net worths of all 2,781 billionaires, check out our real-time billionaires rankings.
Here are the wealthiest people on Forbes' annual rich list.
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Despite the war, Tesla delivers new model to Israel
In spite of the ongoing war, an initial shipment of approximately 140 units of the revamped Tesla Model 3 Highland has recently been offloaded at Ashdod Port.Tesla Israel is already working on delivering these vehicles to customers, making Israel one of the early recipients of this updated model.The new Model 3 represents the most significant facelift since its 2017 launch, and boasts a redesigned front and rear to enhance its aerodynamics, achieving an impressive drag coefficient of 0.22. Additionally, new rims have been introduced.With the ongoing conflict, new car deliveries in Israel have largely ceased.
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Ten richest men double their fortunes in pandemic while incomes of 99 percent of humanity fall | Oxfam International
The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty.
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Nvidia is buying an Israeli AI software startup that makes AI chips more efficient

Nvidia announced plans Wednesday to acquire Israeli AI startup Run:ai. While Nvidia didn’t disclose the terms of its coming transaction, an Israeli newspaper Calcalist reported that the chipmaker will buy Run:ai for $700 million in “the coming days.”

Run:ai is a software company that essentially helps developers run their AI applications more efficiently. Founded in 2018, it today has partnerships with top tech companies including Microsoft and Amazon. Run:ai has worked with Nvidia for several years, and the acquisition will allow the AI chipmaker’s customers to use the compute power of multiple GPUs (graphics processing units) at once for separate AI applications, the company said in its announcement.

Nvidia is reportedly acquiring Run:ai for $700 million

“Run:ai has been a close collaborator with NVIDIA since 2020 and we share a passion for helping our customers make the most of their infrastructure,” said Run:ai cofounder and CEO Omri Geller. “We’re thrilled to join NVIDIA and look forward to continuing our journey together.”

Nvidia is the leading supplier of graphics processing units to big tech companies such as Meta, Microsoft, and Google, powering AI applications from companies’ datacenters. Nvidia’s purchase of Run:ai would be one of its biggest acquisitions since it bought Mellanox Technologies, another Israel-based business, in 2019 for $7 billion. Nvidia’s customers have also purchased a number of AI startups over the past few years, with Apple leading the pack.

Nvidia’s purchase of Run:ai also marks its growing presence in Israel, where the company already has about 4,000 employees, according to the Times of Israel.

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Coming out of the most recent national lockdown, the Israel campus has slowly started to welcome back employees. There is widespread instructional signage for COVID-19 protocols, 2 meters of social distancing, no sharing of keyboards or mice at common desks and the cleaning team disinfects the spaces every night. “But, in reality, it looks pretty much the same as it would have without COVID-19,” said Rosenbaum. “Due to the thought that went into this campus, we were already most of the way to where we needed to be.”

Beyond all of the flexibility and sustainability, Microsoft was adamant that people not view the campus as an office building on the far end of a commute but, instead, a place where they connect with others in a meaningful and positive way, Gindi said. “Our ultimate goal was to create a place that people will actually miss when they’re not there.”

There are no traditional auditoriums. Instead, there are multipurpose rooms that can hold different sized events or trainings. Many of these rooms are also on the flexible grid and can be reorganized, split and merged to fit the desires of meeting organizers.

“We want to support everyone to have a better, more efficient and more vibrant work life,” said Rosenbaum. “We also have prayer rooms, playrooms and space to shoot hoops both inside and outside the building.”

With all of these approaches, Microsoft aimed to build a campus that is relevant both now and decades into the future. COVID-19 is giving the campus a stress test sooner than expected, but its design has prepared it not only for a pandemic but for a much longer-term changing nature of work.

Operational flexibility is of the upmost importance. Employees have autonomy over how they work. Desks are on rolling castors and have over 2 meters of cables, so they can be relocated without having to call building services. Rosenbaum said, “Over your 100 square meters, you can have flexibility to organize and personalize your space: put your desks face-to-face or back-to-back, far apart or whatever is right for you. This makes social distancing easier.”

Employees can always find a change of scenery without having to leave the building. All areas offer window views. Acoustic partitions can be added as necessary and shelving systems between groups can be removed so that two teams can combine into one or divide into two sub-teams. This is called the “flexible grid.”

Nvidia to develop Israeli supercomputer to meet surging AI chip demand

one of the world’s leading chip makers, announced on Monday that it was developing the most powerful artificial intelligence (AI) supercomputer in Israel – in order to meet the rising demand for AI in the country.

The Israeli supercomputer, which has been named Israel-1, is expected to cost hundreds of millions of dollars to fully develop and will be partly operational by the end of 2023, according to Nvidia.

The cloud-based system will deliver performance of up to eight exaflops of AI computing and is hoping to be one of the most powerful AI supercomputers ever built.

Nvidia said it was boosting supply to meet the surging demand for its AI chips and has forecasted second-quarter revenue more than 50% above initial Wall Street estimates, Reuters reported.

The new development comes as Nvidia is gearing up to be welcomed as the first US chipmaker in the trillion-dollar club, after its shares rose 3.8% in trading on Tuesday. The company is currently valued at $998bn.

According to Gilad Shainer, senior vice president at Nvidia, the company has collaborated with tens of thousands of software engineers a

Nvidia expects the Israeli supercomputer project to be ready by the end of 2023, in the hopes of meeting surging AI demand.

Shainer claimed that AI was the “most important technology in our lifetime”, emphasising the need to develop AI and generative AI applications large graphics processing units (GPUs), Reuters reported.

Shainer made it clear that Nvidia’s Israeli partners were the company’s priority for the supercomputer, stating that the system could be used with partners outside of Israel in the future.

Israel-1 is being developed by the former Mellanox team. Mellanox Techonolgies, the Israeli chip designer, was bought by Nvidia in 2019.

Nvidia’s graphics processing units (GPUs) were central to the rise of generative artificial intelligence (AI). Microsoft invested billions of dollars in Nvidia, as it needed thousands of Nvidia GPUs to train its popular ChatGPT application with masses of information.

Israel-1’s announcement comes shortly after Grace, a supercomputer in Bristol. The chip maker partnered up with Bristol University to create the computer called Isambard 3.

According to Nvidia, the supercomputer in Bristol will assist in scientific research including drug discovery and climate change.

Grace CPU began to be shipped by Nvidia earlier this year.

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