AI & RoboticsNews

New Cisco AI investment fund not just ‘another billion dollars,’ CEO says

New AI innovations and benchmarks are announced every day (often multiple times a day), and enterprises are clamoring to take advantage. But sometimes it can be difficult to bridge the gap between what works in the lab and what works in the enterprise pipeline.  To help support the startup system and expand the development of generative AI and large language models (LLMs), Cisco Investments today…
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AI & RoboticsNews

Kneron advances edge AI with neural processing unit and Edge GPT server updates

There’s more than one way to handle AI fine tuning, training and inference at the edge.  Among the options beyond just a GPU is using a neural processing unit (NPU), from silicon vendor Kneron. At the Computex conference in Taiwan today, Kneron detailed its next generation of silicon and server technology to help advance edge AI inference as well as fine tuning. Kneron got its start back in…
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DefenseNews

Proposed House spending bill would add more F-35s

A proposed defense spending bill the House of Representatives released Tuesday would fund eight more F-35 Joint Strike Fighters in fiscal 2025 than the military originally planned. The Pentagon’s budget request earlier this year included money to buy 68 F-35s — 42 F-35As…
Cleantech & EV'sNews

Ford CEO doubles down on affordable EVs after BYD, China's EV bet is paying off

Ford CEO Jim Farley wants the company to deliver affordable EVs like Henry Ford did with the Model T. However, the hard part is doing so profitably. After China’s bet on EVs “paid off” so far, Ford wants to compete with the best, including BYD. Ford moves to affordable EVs Farley believes its next-gen EVs will “not only be profitable, but also affordable for most Americans.” According…
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CryptoNews

US Media Executive Charged in $67 Million Fiat-to-Crypto Money Laundering Scheme

The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating in a scheme that laundered criminal proceeds using cryptocurrency. Authorities allege that Weidong Guan and his accomplices used bank accounts opened with stolen personal identification information to transfer the funds to the media company’s accounts. Guan and…
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