The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats.
Philippine DOJ Charges Russians in…
Jared Kaplan, Anthropic‘s Chief Science Officer and co-founder, didn’t mince words at VentureBeat’s Transform 2024 conference. His message? Generative AI technology is set to become as commonplace as smartphones, reshaping how we work, play, and interact with…
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…
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 this week.
LLMs do get better with size — but not indefinitely, she pointed out. Huge models with a large number of…
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…
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 towns in the US.
The historic city is devoid of privately owned cars, with the only motor vehicles on the island belonging to…
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…
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 robust long-term fundamentals and urged the community to stay focused and continue building despite market…
