Breaking news

Greece’s Leap Into The Future With A €41 Million Supercomputer Initiative

by News Editor
March 24, 2025

In a major development, Greece is stepping into the global arena of high-performance computing with the launch of its state-of-the-art supercomputer, named Daedalus. The intricate project, entrusted to HP Hellas, is set to bring a remarkable transformation to the country’s digital landscape at a cost of €41 million.

The unveiling of this computational behemoth, orchestrated by Greece’s Ministry of Digital Governance, will take place at Lavrio’s Technological Cultural Park. This move is a pivotal step for Greece, not only enhancing its research capabilities but also firmly positioning it among the world’s foremost scientific hubs.

Explore Europe’s AI Power Surge: Six New Factories And One Upgrade To Strengthen Europe’s AI Leadership

Why Daedalus Is A Game Changer

The deployment of Daedalus is driven by a growing demand for advanced computational power to handle vast data for scientific and industrial applications. Greek scientists and researchers, alongside their European counterparts, stand to benefit significantly from this upgrade in technological prowess.

Designed to enhance Greece’s competitive edge, Daedalus will be instrumental in powering AI-driven applications, expected to tackle complex scientific simulations that ordinary computing systems simply cannot manage.

Unmatched Performance And Sustainability

Projected to exceed 60 Petaflops, Daedalus not only outpaces its predecessor ARIS but also ranks among the world’s top 30 supercomputers, according to TOP500 and GREEN500 listings. This leap in power complements its eco-friendly design, incorporating renewable energy systems to keep operations sustainable and minimize environmental impact.

Set up in a historically significant site, the “Former Electric Station” building, this vast 1,500 square meter facility represents not just a technological triumph but a marriage of heritage and innovation.

Price Shifts: Temu And Shein React To Upcoming Tariffs

by News Editor
April 27, 2025

The online shopping world experienced a jolt as Temu and Shein, popular e-commerce platforms, recently adjusted their prices due to impending tariff changes. These platforms, known for offering budget-friendly options, have echoed with changes that might surprise many shoppers.

What Sparked the Price Hike?

Effective next week, a significant tariff will impact goods imported from China. This tariff follows the expiration of the “de minimis” exemption on May 2. This exemption previously allowed American shoppers to skip tariffs on items valued under $800. The new tariff demands a 120% fee or a flat $100 per postal item, increasing to $200 come June 1.

For instance, Temu’s two patio chairs jumped from $61.72 to $70.17 overnight, while a bathing suit on Shein saw a 91% surge in price. Yet, the price landscape isn’t consistently upward; a smart ring on Temu dropped by $3.

Implications for Consumers

Due to economic shifts and evolving trade rules, both Shein and Temu emphasized their efforts to maintain quality and affordability despite costlier operational expenses. They advised consumers to shop before April 25 to dodge the upcoming hikes, though it’s uncertain if this timing affects the 120% tariff applicability.

Impact on Lower-Income Households

The discontinuation of the “de minimis” exemption is poised to hit lower-income families hardest. Reports indicate these households spend a higher income proportion on apparel, and this change could burden them further.

Further economic insights highlight how industries adjust to challenges, such as in the face of AI-driven changes, potentially offsetting emissions concerns with economic gains.

For buyers and businesses alike, the shifting sands of trade laws call for adaptability and forethought.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter