Presented by Microsoft
VentureBeat’s AI Impact Tour just wound up its stop in New York City, welcoming enterprise AI leaders in an intimate, invitation-only cocktail salon hosted by Microsoft at the company’s Flatiron office. The topic: How organizations can balance the risks and rewards of AI applications, as well as the ethics and transparency required.
VentureBeat CEO Matt Marshall and…
Pika adds generative AI sound effects to its video maker
March 13, 2024
OpenAI continues to share clips of Sora, its impressively smooth and photorealistic generative AI video model, but it remains an internal model only for now. Meanwhile, rivals in the fast-moving video AI space including Pika aren’t letting the moment go to waste.
This…
In a stunning turn of events, Sam Altman, the high-profile CEO of OpenAI, will be rejoining the company’s board of directors just months after being ousted amid concerns about his leadership.
The move comes as an independent investigation commissioned by OpenAI’s board…
The U.S. Navy’s fiscal 2025 budget request includes money for one Virginia-class attack submarine instead of the planned two, but still represents “a prioritization and very significant investment in undersea warfare capabilities,” the service’s undersecretary said Friday, arguing this is not contradictory.
The Navy has been buying its attack subs at a rate of two per year since FY11, but…
The U.S. Navy will postpone most of its planned development and purchases of large unmanned systems and next-generation ships and planes in fiscal 2025, citing spending caps.
The Navy in its FY25 budget request seeks six ships instead of the previously planned seven in the…
US Army faces flat FY25 budget as personnel costs rise
March 13, 2024
The U.S. Army’s $185.9 billion fiscal year 2025 budget request increased by just $400 million over the previous year’s request, which would leave the armed service to work within the confines of a almost flat budget while having to address rising military personnel…
Volvo Cars has partnered with Imperial College London spinoff Breathe Battery Technologies to reduce its EVs’ charging time by 30%.
Volvo Cars says that integrating London-based battery management software startup Breathe’s tech into Volvo Cars’ in-house developed battery management platform will boost the performance of its EV charging technology.
Volvo says Breathe’s software will…
EV prices dropped by nearly 13% year-over-year in February, led in part by Tesla Model 3 and Model Y price drops, reports Kelley Blue Book.
According to newly revised EV transaction price data, the average price paid for an EV in February was $52,314, down from a revised…
It has been a big few weeks for smart electrical panel-maker Span. The company announced major deals with Pulte Homes and utilities with Landis + Gyr. The startup also expanded its lineup to include small home and apartment-sized panels and even subpanels
But firstly…
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM).
IBIT’s Bitcoin Holdings Continue to Grow
Blackrock’s Ishares Bitcoin Trust (IBIT), the world’s…
