Ford reported its fourth-quarter earnings Tuesday after the market, beating Q4 revenue and profit estimates. The automaker expects the momentum to continue in 2024 despite pulling back EV investments.
Ford’s fourth-quarter EV sales
Ford sold a record 25,637 EVs in the last three months of 2023 (+24% YOY), edging out rival GM. The F-150 Lightning topped Rivian’s R1T to become the…
Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers…
Crypto Titan Digital Currency Group Opposes Genesis' Restructuring Plan for Favoring Select Creditors
February 8, 2024
In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others unjustly, and the company’s…
After the leading privacy crypto token moneron experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing significant activity in monero’s daily trading volume, amounting to $256.91 million over the past 24 hours.
Monero’s Quick Bounce Back
Monero (XMR)…
Nintendo beats December quarter expectations and ups forecast to 15.5M Switch units in fiscal year
February 7, 2024
Nintendo reported quarterly results on Tuesday that beat its previous forecasts and it said it now expects to sell 15.5 million Switch consoles during the fiscal year ending March 31, 2024.
The Kyoto, Japan-based game company said net sales were $4 billion, down 6% from a…
Flaunt has raised $1.8 million in funding to boost its enterprise loyalty cloud for Roblox and Shopify Plus.
Indianapolis, Indiana-based Flaunt got funding in a round led by High Alpha, with participation from Square Deal Capital, Service Provider Capital, and executives at…
Stability AI, the company known for its growing array of open source AI models for content creation and coding, today announced an upgrade for its image-to-video latent diffusion model, Stable Video Diffusion (SVD).
Dubbed SVD 1.1, the updated model is a fine-tuned version of SVD 1.0, optimized to generate short AI videos with better motion and more consistency.
In a post announcing the upgrade…
Generative AI offers real ROI — but also consumes a huge amount of compute and resources. In this VB Spotlight event, leaders from NVIDIA and Supermicro share how to identify critical use cases and the build the AI-ready platform that’s crucial for success.
Generative…
AMD unveils Embedded+ architecture for edge AI hardware
February 7, 2024
Advanced Micro Devices unveiled its brand new Embedded+ architecture, a fusion of AMD Ryzen Embedded processors with Versal adaptive System-on-Chips (SoCs) on a unified integrated board.
These chips — a hybrid of PC processors and Xilinx programmable chips — are…
As the U.S. Army seeks to drastically ramp up its 155mm munitions production to 100,000 a month by the end of 2025, the biggest concern for the service’s acquisition chief is being able to secure enough explosives to fill them.
“You have to produce enough explosives – either IMX-104 or TNT – to fill that many shells that fast and that production capacity does not exist in the United States…
