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.
Writer drops mind-blowing AI update
July 10, 2024
Writer, a leading enterprise AI platform, has rolled out a suite of powerful enhancements to its artificial intelligence chat applications, announced today at VB Transform. The sweeping improvements, which include advanced graph-based retrieval-augmented generation (RAG) and…
Following the announcement of Writer‘s newest features, CEO May Habib took to the stage at VB Transform to give context to the latest update and address the challenges facing enterprise generative AI adoption. The enterprise AI platform recently unveiled significant…
Aitomatic announced SemiKong, the world’s first open-source AI Large Language Model (LLM) designed specifically for the semiconductor industry.
Unveiled at Semicon West 2024, SemiKong aims to revolutionize semiconductor processes and fabrication technology, potentially reshaping the $500 billion semiconductor industry in the next five years, the company said.
Developed in collaboration with FPT…
