Mercedes and Stellantis have stopped work on their joint European EV battery factory projects, and are reassessing which direction to move forward with the possibility of shifting to cheaper lithium iron phosphate cells.
Mercedes and Stellantis first partnered to form a battery cell joint venture in 2021, calling the venture the Automotive Cells Company (ACC).
Earlier this year, ACC raised $4.7…
On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on Tuesday.
U.S. Spot Bitcoin ETFs…
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To…
After less than a week, the 45th U.S. President Donald Trump has seen his cryptocurrency portfolio double in value. As the 2024 presidential candidate, he now holds $31.23 million in assets, thanks to a wave of donations.
Trump’s Crypto Portfolio Doubles
Donald Trump’s crypto wallet has grown significantly over the past five days, and data from Arkham Intelligence reveals that the former U.S.
RelationalAI, a startup that applies artificial intelligence directly to relational data, today announced the general availability of its Knowledge Graph Coprocessor on the Snowflake Data Cloud. The offering, first previewed last year (which we covered in-depth here)…
New AI innovations and benchmarks are announced every day (often multiple times a day), and enterprises are clamoring to take advantage. But sometimes it can be difficult to bridge the gap between what works in the lab and what works in the enterprise pipeline. To help…
Foundation models have revolutionized the fields of computer vision and natural language processing. Now, a group of researchers believe the same principles can be applied to create foundation agents, AI systems that can perform open-ended decision-making tasks in the physical world. In a new position paper, researchers at the University of Chinese Academy of Sciences describe foundation agents as…
After making headlines with the announcement of Polaris, a vendor-neutral open data catalog for Apache Iceberg, Snowflake is launching new tools to help enterprises double down on the development of trusted AI-powered applications. In his second keynote of the company’s…
There’s more than one way to handle AI fine tuning, training and inference at the edge. Among the options beyond just a GPU is using a neural processing unit (NPU), from silicon vendor Kneron. At the Computex conference in Taiwan today, Kneron detailed its next…
A proposed defense spending bill the House of Representatives released Tuesday would fund eight more F-35 Joint Strike Fighters in fiscal 2025 than the military originally planned.
The Pentagon’s budget request earlier this year included money to buy 68 F-35s — 42 F-35As for the Air Force, and 13 F-35Bs and 13 F-35Cs for the Navy and Marine Corps.
But the House Appropriations defense…
