AI & RoboticsNews

Activeloop nets $11M to give enterprises a better way to leverage multimodal data for AI

March 27, 2024
California-based Activeloop, a startup offering a dedicated database to streamline AI projects, today announced it has raised $11 million in series A funding from Streamlined Ventures, Y Combinator, Samsung Next (the startup acceleration arm of the Samsung Group) and multiple other investors. While there are several data platforms out there, Activeloop, founded by Princeton dropout Davit…
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DefenseNews

US Air Force wish list asks for spare parts, but no more fighters

March 27, 2024
The U.S. Air Force’s $3.5 billion budgetary wish list for fiscal 2025 includes more funds for spare parts to get grounded planes back in the air, and seeks resources to be able to deploy more personnel and fighter jets. The unfunded priorities list the service submitted to Congress, dated March 21, asks for another $1.5 billion to restock spare parts; $612 million to create nine new deployable…
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Cleantech & EV'sNews

Your whiskey may soon be made with a huge 'brick toaster' battery

March 27, 2024
Alcoholic drinks giant Diageo will replace natural gas-fired heat with Rondo Energy’s Heat Batteries at its production sites in Kentucky and Illinois. The US Department of Energy (DOE) has awarded the Diageo–Rondo Energy project up to $75 million. That money comes from the Biden administration’s Bipartisan Infrastructure Law and Inflation Reduction Act. It’s part of the DOE’s $6…
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CryptoNews

Coinbase to Shift USDC Accounts to Its Layer Two Blockchain Base

March 27, 2024
Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg. The move is seen by some in the crypto industry as a positive step towards an on-chain financial future, setting an example for other exchanges and potentially…
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