A new electric SUV is primed to take on BYD and Tesla in China. GM’s joint venture, SAIC-GM-Wuling, unveiled the first teaser images of its new Starlight S electric SUV Monday. Check out the first images below.
GM’s Wuling previews new electric SUV
The new electric SUV is the second model under the Wuling Silver Label. SAIC-GM-Wuling is a joint venture between China’s SAIC (50.1% owner) and…
Elon did enough to convince shareholders he deserved his multi billion dollar payout, but can he convince Delaware courts? Meanwhile, Hyundai and Kia invest in North American manufacturing, NIO is ramping up production of its 650 mile solid-state EV, and Volvo got a big win…
SEC's Crypto Enforcement Chief Departs After 9 Years
June 19, 2024
The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major…
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
June 19, 2024
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset activities.
Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the value of the U.S. dollar…
AI red teaming is proving effective in discovering security gaps that other security approaches can’t see, saving AI companies from having their models used to produce objectionable content. Anthropic released its AI red team guidelines last week, joining a group of AI…
Chinese AI startup DeepSeek, which previously made headlines with a ChatGPT competitor trained on 2 trillion English and Chinese tokens, has announced the release of DeepSeek Coder V2, an open-source mixture of experts (MoE) code language model. Built upon DeepSeek-V2, an MoE model that debuted last month, DeepSeek Coder V2 excels at both coding and math tasks. It supports more than 300…
Runway unveils new hyper realistic AI video model Gen-3 Alpha, capable of 10-second-long clips
June 18, 2024
New York City-based Runway ML, also known as Runway, was among the earliest startups to focus on realistic high-quality generative AI video creation models. But following the debut of its Gen-1 model in February 2023 and Gen-2 in June 2023, the company has since seen its…
How many F-35s to buy? Draft defense bills disagree
June 18, 2024
The Senate’s proposed National Defense Authorization Act would leave the military’s planned purchases of 68 F-35 Joint Strike Fighters in fiscal 2025 unchanged.
The chamber’s draft NDAA, which members of the Senate Armed Services Committee unveiled Friday, represents…
As Iran-backed Houthi rebel groups continue to use attack drones to target ships in the Red Sea, the U.S. Navy and the Defense Innovation Unit are partnering to prototype a counter uncrewed aircraft system that can disable or shoot them down.
The Navy is looking for a system it can easily integrate with a range of platforms to defend against such adversary drone attacks, DIU said June 14. The…
