Business - Page 240

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ExxonMobil discovers hydrocarbons offshore Suriname

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ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential.

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J.P. Morgan Executes Intraday Repo Transaction Using Blockchain

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J.P. Morgan (NYSE: JPM) announced it completed a live, blockchain-based intraday repo transaction. The transaction was successfully conducted between J.P. Morgan’s broker dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days.

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Google’s Cloud TPUs Increase Samsung Electronics’ Bixby’s AI Model Training Speed by 18x

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Google Cloud TPUs significantly improve the training speed of Samsung's voice-powered digital assistant to deliver an improved user experience across multiple languages. Google Cloud's custom-designed machine learning accelerators, Cloud Tensor Processing Units (Cloud TPUs), have enabled Samsung to enhance Bixby's artificial intelligence (AI) model voice-recognition training speed by 18x.

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