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…
A new report by the European Commission adds yet another real-world data point showing that plug-in hybrid electric vehicles create much more emissions than we previously thought – by an average of 3.5 times as much as lab testing indicates.
Plug-in hybrids (PHEVs) are…
Geely’s electric outdoor brand, Radar Auto, opened blind reservations for its new AWD version of the R6. The new electric pickup is the fastest production pickup from China, but can it keep up with the Tesla Cybertruck?
New Chinese electric pickup takes on Tesla’s…
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…
Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations
March 27, 2024
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws.
Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures
Damian Williams, the…
SEC Asks Judge to Fine Ripple $2 Billion in XRP Case — Ripple CEO Says 'There Is Absolutely No Precedent for This'
March 27, 2024
The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC…
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…
Pure Storage, a pioneer in delivering advanced data storage technology and services, unveiled a suite of new AI infrastructure solutions and validated reference architectures developed in partnership with Nvidia at last week’s GTC conference. The announcement aimed to…
“It’s venture money, not adventure money.” That was the loving response a dear friend once got from a VC while pitching an idea. But when we are in the hype cycle phase of a new technology, that caution goes out the window. VCs, after all, have to deploy all the…
Exclusive: Foundational emerges from stealth with $8 million to tackle data quality and AI readiness challenges
March 26, 2024
Foundational, a startup aiming to bring order to the chaos of modern data infrastructure, announced today that it has raised $8 million in seed funding led by Viola Ventures and Gradient Ventures, Google’s AI-focused investment fund, with participation from angel investors and other venture firms. The company’s platform automatically maps and analyzes data teams’ code to identify potential…
