Cleantech & EV'sNews

VinFast secures a $1.4 billion loan from parent Vingroup, plus another $2.1B from its chairman

November 14, 2024
Vietnamese EV automaker VinFast has just secured more funding to continue its operations. VinFast has been offered a loan for billions more from its parent company, Vingroup, including a $2.1 billion “sponsorship” from the Group’s chairman, Pham Nhat Vuong. All this is to achieve a break-even point and cash flow balance by the end of 2026. As a young Vietnamese EV automaker out of Vietnam…
Read more
CryptoNews

An Elusive Indian Suspect at the Center of Indiana's Crypto Fraud

November 14, 2024
Authorities in Grant County, Indiana, have recovered $36,000 in a cryptocurrency scam involving Prateek Jain, a 33-year-old man from Kolkata, India. Jain faces charges of felony fraud and money laundering after allegedly convincing a Marion, Indiana resident to deposit funds into a bitcoin ATM as part of the scam. The case, initially reported to the Marion Police Department, was passed to the…
Read more
CryptoNews

Inside Russia's Crypto Rules: Sberbank CEO Reveals Key Insights

November 14, 2024
Sberbank CEO Herman Gref stated that the use of cryptocurrencies as a payment method within Russia remains prohibited by law and is unlikely to be approved anytime soon. Speaking at the “FI Day. Blockchain: On the Edge of a New Financial Era” conference in Moscow, Gref…
AI & RoboticsNews

Qwen2.5-Coder just changed the game for AI programming—and it’s free

November 13, 2024
Alibaba Cloud has released Qwen2.5-Coder, a new AI coding assistant that has already become the second most popular demo on Hugging Face Spaces. Early tests suggest its performance rivals GPT-4o, and it’s available to developers at no cost. The release includes six model variants, from 0.5 billion to 32 billion parameters, making advanced AI coding accessible to developers with different…
Read more
DefenseNews

Army awards contract to build new TNT production facility in Kentucky

November 13, 2024
After sourcing all of its TNT from overseas allies, the U.S. Army has taken a step forward to begin producing the explosive material domestically by awarding a contract to REPKON USA-Defense LLC to design and build a new production facility in Graham, Kentucky. The contract has a ceiling of $425 million, according to a service statement, but does not provide a construction timeline. “This award…
Read more