Dividend payouts in the UK dropped by 8% last quarter to £25.6 billion, with cuts in mining and utilities sectors contributing to the decline. However, excluding the mining sector, underlying growth was 2.6%, driven by share buybacks and a stronger pound. Despite downgraded full-year forecasts, UK equities still offer income opportunities with a 3.7% yield expected over the next 12 months, potentially increasing due to developments in the oil and mining sectors.
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Huawei seeks to grab market share in AI chips from Nvidia in China
Huawei is aiming to capture a larger share of the Chinese AI chip market dominated by Nvidia by focusing on "inference" tasks rather than training. The company is helping Chinese firms adopt its Ascend AI processors for inference, with government support urging a shift away from Nvidia. Challenges include technical issues and convincing developers to switch from Nvidia's Cuda software, but Huawei's upcoming Ascend 910C chip is expected to address these concerns. Despite facing competition...
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