The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process.
SEC Charges Galois Capital
According to the SEC’s investigation, Galois Capital, based…
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six…
Meet the new, most powerful open source AI model in the world: HyperWrite’s Reflection 70B
September 9, 2024
There’s a new king in town: Matt Shumer, co-founder and CEO of AI writing startup HyperWrite, today unveiled Reflection 70B, a new large language model (LLM) based on Meta’s open source Llama 3.1-70B Instruct that leverages a new error self-correction technique and…
These five personas show how workers approach AI says Slack survey
September 9, 2024
A new survey from Slack and Salesforce showed that organizations struggling to improve AI adoption could benefit from personalizing their approach to employees.
The latest Slack Workforce Index survey reached out to 5,000 full-time desk workers on their AI usage. It found five personas of people using or not using AI in the workplace.
The personas:
the Maximalist, who uses AI multiple times a…
The AI frenzy is taking over the world. Mere days after China’s Alibaba made headlines with Qwen2-VL, Sakana AI, the Japanese startup founded by former Google researchers David Ha and Llion Jones and former diplomat Ren Ito, has announced it has raised $100 million in a…
NIO beats Wall Street's expectations in Q2 earnings and reports record-high EV deliveries
September 9, 2024
NIO has shared its unaudited Q2 financial results for 2024, which detailed record-high EV deliveries that helped the automaker snag an even larger portion of the overall market in China. NIO also surpassed the expectations of financial gurus on Wall Street with its quarterly…
Tesla has revealed its AI product/self-driving roadmap for the next few months, but it raises more questions than it answers.
Tesla official AI Roadmap with self-driving software releases
September 2024
v12.5.2 with ~3x improved miles between necessary interventions
v12.5.2 on AI3 computer (unified models for AI3 and AI4)
Actually Smart Summon
Cybertruck Autopark
Eye-tracking with…
This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time that includes new e-bike launches from Radio Flyer and Fucare, Denver’s popular e-bike subsidies…
Ford's updated E-Transit, America's best-selling electric van, is en route to customers
September 5, 2024
America’s best-selling electric van now has even more range and faster charging. Ford announced on Wednesday that it began shipping the new 2024 E-Transit with enhanced range to customers across North America.
Ford changed the game after introducing the E-Transit in 2020…
Rivian is rolling out a software update to R1 owners new and old, including a new 'Launch Mode'
September 5, 2024
Rivian has just started rolling out a robust software update that improves several features in both generations of its flagship R1S and R1T BEVs. Updates vary by model, but there are some pretty extensive improvements to the Rivian ownership experience, including the opportunity to show off that tri-motor acceleration with a new “Launch Mode” feature.
It’s been a few years since relatively…
