CryptoNews

Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy – News Bytes Bitcoin News

July 11, 2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services.
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AI & RoboticsNews

Writer drops mind-blowing AI update

July 10, 2024
Writer, a leading enterprise AI platform, has rolled out a suite of powerful enhancements to its artificial intelligence chat applications, announced today at VB Transform. The sweeping improvements, which include advanced graph-based retrieval-augmented generation (RAG) and…
AI & RoboticsNews

Aitomatic’s SemiKong uses AI to reshape chipmaking processes

July 10, 2024
Aitomatic announced SemiKong, the world’s first open-source AI Large Language Model (LLM) designed specifically for the semiconductor industry. Unveiled at Semicon West 2024, SemiKong aims to revolutionize semiconductor processes and fabrication technology, potentially reshaping the $500 billion semiconductor industry in the next five years, the company said. Developed in collaboration with FPT…
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DefenseNews

Marines, Air Force on track for 2024 recruiting; Navy projected to miss

July 10, 2024
With three full months left in the fiscal year for military recruiting, the services already are developing a sense of whether they’ll make their target recruiting mission or end up short. The Marine Corps has brought in more than 101% of its recruiting target for the year to date, up from 100% this time in 2023, and officials anticipate meeting annual recruiting goals once again. The Navy, on…
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Cleantech & EV'sNews

Hyundai finds its 'sweet spot' with EVs in the US as it braces for new competition

July 10, 2024
Hyundai believes it has found the “sweet spot” with three long-range, fast-charging, and affordable EVs available in the US. With rivals launching new electric models this year, Hyundai expects stronger competition in the second half of the year. After setting a new EV sales record in Q2, Hyundai feels “pretty bullish about the second half,” according to Hyundai’s US CEO Randy…
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