AI & RoboticsNews

By embracing liquid cooling, AI powerhouse Supermicro enables 30% more computing power — with the same power budget

July 24, 2024
Charles Liang, CEO of Supermicro, predicts that “the AI revolution can be bigger than the industrial revolution,” and the astonishing growth of Supermicro just in the past year seems to bear out this prediction. Supermicro revenue grew by 200% year over year in the third fiscal quarter, and it’s expected to grow another 152% by the end of the year. Liang spoke at VB Transform 2024 about the…
Read more
AI & RoboticsNews

How Chevron is using gen AI to strike oil

July 24, 2024
Oil and gas operations generate an enormous amount of data — a seismic survey in New Mexico, for instance, can provide a file that is a petabyte all by itself.  “To turn that into an image that you can make a decision with is a 100 exaflop operation,” Bill Braun…
DefenseNews

Boeing says it will shun fixed-price contracts for drone wingmen

July 24, 2024
FARNBOROUGH AIR SHOW — A top Boeing executive said Monday the company plans to keep bidding to make drone wingmen for the Air Force — but not if it means agreeing to a fixed-price contract. “If it’s a fixed-price development program that requires a ton of maturity … that is a recipe for failure,” Ted Colbert, president and chief executive at Boeing Defense, Space and Security, told…
Read more
Cleantech & EV'sNews

Hyundai worries growing over a Trump EV disrupt at its new $7.6B Georgia Metaplant

July 24, 2024
Hyundai’s first EV is set to roll off the production line at its new $7.6 billion Metaplant in Georgia later this year. With Trump vowing to end “EV mandates” on day one if elected, Hyundai is preparing for a sudden shift in leadership. Hyundai’s EV plant was built to comply with the Biden administration’s move to promote domestic production and move the US toward a cleaner future. What…
Read more
CryptoNews

India Maintains Crypto Tax Regulations in 2024/25 Budget Taxes

July 24, 2024
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto…
CryptoNews

Bitwise Reveals ENS Subnames for Ethereum ETF Reserve Wallets

July 24, 2024
On Tuesday, Bitwise Investments disclosed a collection of Ethereum Name Service (ENS) subnames for its ethereum reserve holding wallets. Bitwise emphasized that this level of transparency is unique to cryptocurrency, allowing the public to easily verify the firm’s net assets. Bitwise Leads in Transparency by Publishing Ethereum ETF Addresses At 7:50 a.m. EDT on Tuesday, a little more than an…
Read more