In the quest to ramp up Patriot missile production this year in the U.S., Boeing is on track to break its annual seeker production record, the company announced Aug. 6.
“In the first half of the year, the program has surpassed its previous three- and six-month rolling PAC-3 seeker production records,” a company statement notes. “The program is also on pace to break its annual seeker…
Forge Battery is now shipping its prototype 21700 cylindrical Li-ion battery cells with a confirmed specific energy of 300 Wh/kg.
Forge Battery, a commercial lithium-ion battery production subsidiary of materials science company Forge Nano, is shipping its “Gen. 1.1…
Lucid Motors beats Q2 revenue estimates with another $1.5 billion injection from Saudi PIF
August 7, 2024
Lucid Motors (LCID) topped Wall Street’s Q2 revenue estimates Monday after announcing another $1.5 billion investment from Saudi Arabia’s Public Investment Fund (PIF).
Lucid reports Q2 2024 earnings results
Lucid delivered a record 2,394 vehicles in the second quarter…
Tesla is testing Supercharging at over 300 kW
August 7, 2024
Tesla is currently testing the potential for its current Supercharging V4 (with V3 cabinets) to charge at over 300 kW
The Supercharger network is by far the best fast-charging network in the world and it’s hard to argue against that.
It’s the most extensive, convenient, and reliable.
However, it has been lagging behind the competition in one aspect: the top charge rate.
Back in 2016, when…
On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows.
3 Leading Bitcoin ETFs…
Binance Hit With $87 Million Tax Bill in India
August 7, 2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed…
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its…
Groq, a leader in AI inference technology, has raised $640 million in a Series D funding round, signaling a major shift in the artificial intelligence infrastructure landscape. The investment values the company at $2.8 billion and was led by BlackRock Private Equity…
Runway, the New York-based AI startup, has taken another significant step in the rapidly evolving field of AI-generated video. The company announced today that its Gen-3 Alpha Image to Video tool now supports using an image as either the first or last frame of video…
Elon Musk filed a new federal lawsuit against OpenAI and its CEO Sam Altman today, accusing the artificial intelligence company of abandoning its founding mission to benefit humanity in favor of pursuing profits.
The 83-page complaint, lodged in the U.S. District Court for the Northern District of California, revives and expands upon allegations Musk first raised in a state court lawsuit earlier…
