At VentureBeat’s Transform 2024 conference yesterday, VAST Data Founder and CEO Renen Hallak shared insights into the company’s approach to AI infrastructure, offering a glimpse into the future of enterprise AI systems.
Hallak introduced VAST Data’s concept of a global operating system for AI, designed to address the growing complexities of data management and AI deployment across…
Is bigger always better when it comes to large language models (LLMs)?
“Well, the answer is quite simply yes and no,” Yasmeen Ahmad, managing director of strategy and outbound product management for data, analytics and AI at Google Cloud, said onstage at VB Transform…
Navy Under Secretary Erik Raven will step down from his position next month, the Navy said.
Raven took on the job in April 2022 and has served as the Department of the Navy’s chief operating officer and chief management officer, according to his official biography.
He…
Senate lawmakers want the Defense Innovation Unit to expand its presence across the U.S. and are calling on the Pentagon’s commercial technology hub to develop a plan to partner with universities and tech companies around the country.
The Senate Armed Services Committee’s fiscal 2025 defense policy bill, released July 8, includes a provision that would require DIU to craft a roadmap for how it…
Michigan’s Mackinac Island has introduced a new speed limit for electric bicycles, slowing down one of the only motorized forms of transportation in the town.
Mackinac Island, located between Michigan’s upper and lower peninsula, is known as one of the few car-free…
You’ve perhaps heard of the original Tesla Roadster, the car that started Tesla and the EV revolution. Now, a Roadster you probably haven’t heard of is for sale – a one-of-a-kind prototype for a performance package that never saw the light of day.
Update: The car has…
Ford's incentives cut in half for Michigan EV battery plant, matching plans to scale back
July 11, 2024
Ford will receive drastically less public support for its new EV battery plant in Michigan. Ford’s incentives for the plant were cut by over half, matching the automaker’s recent plans to scale back.
Scaling back
The Michigan Strategic Fund approved the reduction on Tuesday. Ford will now receive $409.1 million in incentives from Michigan, less than half the initial $1.03 billion…
Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s…
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the…
Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy – News Bytes Bitcoin News
July 11, 2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services.
