On Friday, Shares of NVIDIA Corporation (NASDAQ:NVDA), lost -1.49% to $32.49.
NVIDIA Corporation, declared that Facebook will power its next-generation computing system with the NVIDIA® Tesla® Accelerated Computing Platform, enabling it to drive a broad range of machine learning applications.
While training complex deep neural networks to conduct machine learning can take days or weeks on even the fastest computers, the Tesla platform can slash this by 10-20x. As a result, developers can innovate more quickly and train networks that are more sophisticated, delivering improved capabilities to consumers.
Facebook is the first company to adopt NVIDIA Tesla M40 GPU accelerators, introduced last month, to train deep neural networks. They will play a key role in the new “Big Sur” computing platform, Facebook AI Research’s (FAIR) purpose-built system designed specifically for neural network training.
NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors.
Shares of Pandora Media Inc (NYSE:P), declined -3.22% to $12.63, during its last trading session.
The highly anticipated first episode of Serial Season Two launched this morning and is now streaming on Pandora (NYSE:P) at www.pandora.com/serial. Season Two reports on the case of Sgt. Bowe Bergdahl.
“In the past two weeks, our listeners have already shown how addicting Season One can be, and we have been eagerly awaiting the launch of Season Two,” said Brian McAndrews, CEO of Pandora. “This is a perfect partnership – we are bringing something to our listeners that they love, while exposing Serial to a new audience.”
Serial host Sarah Koenig will present new episodes on Thursdays. The episodes will be available on Pandora at the same time they are made available on Serial’s website. Listeners will be able to select which episodes they would like to listen to, in addition to where in the episode they would like to start listening.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners.
Finally, Royal Dutch Shell plc (ADR) (NYSE:RDS.A), ended its last trade with -3.55% loss, and closed at $44.55.
In advance of completion of its recommended combination with BG Group, Shell (RDS-A) (RDS-B), declared further details of the projected operational and administrative restructuring under consideration. Shell anticipates the restructuring will be required to achieve the predictable benefits of the recommended combination, counting formerly revealed and stated-on pre-tax synergies of $3.5 billion (subject to the bases of belief, principal assumptions and sources of information set out in the Appendix to the declaration made by Shell on 3 November 2015 providing investors with a planned update).
Shell’s expectation is that BG’s business would be integrated into Shell’s businesses. As part of that, Shell proposes that office consolidation will be undertaken where practical in certain locations around the world. With regards to office footprint rationalisation in the UK, Shell will, following deal completion, undertake a comprehensive review during the course of 2016.
Shell presently anticipates an overall potential reduction of about 2,800 roles globally across the combined group, or about 3% of the total combined group workforce. These reductions are in addition to the formerly declared plans to reduce Shell’s headcount and contractor positions by 7,500 globally.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also converts natural gas to liquids to provide fuels and other products; markets and trades natural gas; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
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