The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two…
Vanta, a startup using AI to automate security compliance, has secured $150 million in Series C funding, vaulting its valuation to $2.45 billion.
Sequoia Capital led the round, with Goldman Sachs and JP Morgan joining as investors. This significant cash injection marks a…
Developers aren’t worried that gen AI will steal their jobs, Stack Overflow survey reveals
July 25, 2024
Generative AI is having a dramatic impact on many industries, including software development.
In a revealing snapshot of the global software development ecosystem, developer knowledge platform Stack Overflow is out today with a new report that exposes a nuanced interplay…
Stability AI is expanding its growing roster of generative AI models, quite literally adding a new dimension with the debut of Stable Video 4D.
While there is a growing set of gen AI tools for video generation, including OpenAI’s Sora, Runway, Haiper and Luma AI among others, Stable Video 4D is something a bit different. Stable Video 4D builds on the foundation of Stability AI’s existing…
LONDON — The British Ministry of Defence has signed a contract with Thales U.K. to procure “Martlet” missiles for replenishing the country’s stocks after donating hundreds of them to Ukraine.
UK Defense Equipment & Support, the defense ministry’s procurement…
PARIS — Dassault Aviation said the production ramp-up of its Rafale fighter jet continues to be impacted by supply chain disruptions in the aerospace industry.
Lifting the Rafale production pace to three a month at the final assembly plant in Mérignac in southwest France…
The US Navy risks outsourcing control of its drones
July 25, 2024
Thanks to programs like Replicator, and incubators like the Defense Innovation Unit and the Disruptive Capabilities Office, the Navy is on the precipice of widespread adoption of uncrewed systems.
These systems bring with them the prospect of new technologies, new operational designs and, potentially, new business models. A key question for the Navy is how to signal to industry that the service…
Tesla has confirmed a new date for the unveiling of its upcoming Robotaxi, a dedicated self-driving vehicle.
It is now planned for October 10th and CEO Elon Musk is hinting at potential ‘one more thing’ at the event.
Earlier this month, Bloomberg reported that Tesla is…
It wasn’t too long ago that Rivian and Ford were expected to build EVs together. Then, Rivian and Mercedes-Benz announced plans to produce electric vans. Although both fell through long ago, Rivian CEO RJ Scaringe recently spilled the tea on why the tie-ups really…
Vermont is now offering its residents up to $6,000 in incentives to replace their flood-damaged, scrapped cars with EVs.
On July 16, 2024 – barely over a year after 2023’s devastating floods – Governor Phil Scott (R-VT) announced updated state BEV and PHEV incentive programs in response to flood damage caused by Hurricane Beryl. These incentives waive the usual age and drivability…
