AI & RoboticsNews

Intel unveils Meteor Lake processor to democratize AI tech

September 20, 2023
Intel showed off the chip company’s latest code-named “Meteor Lake” processor with an AI-based neural processing unit. Pat Gelsinger, CEO of Intel, said in a keynote at the Intel Innovation event that Meteor Lake processors would debut in December under the Intel Core Ultra processors name and the AI PC product lines. The aim is to democratize artificial intelligence (AI) and expand its…
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AI & RoboticsNews

SambaNova unveils new AI chip to power full-stack AI platform

September 20, 2023
Today Palo-Alto-based SambaNova Systems unveiled a new AI chip, the SN40L, which will power its full-stack large language model (LLM) platform, the SambaNova Suite, that helps enterprises go from chip to model — building and deploying customized generative AI models. Rodrigo Liang, cofounder and CEO of SambaNova Systems, told VentureBeat that SambaNova goes farther than Nvidia does up the…
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Cleantech & EV'sNews

NIO stock sinks after $1 billion planned convertible debt offering

September 19, 2023
Up-and-coming Chinese EV maker NIO’s stock is falling after announcing a proposed total of $1 billion in convertible senior notes on Monday. NIO revealed in an SEC filing it plans to issue two batches of $500 million notes, convertible to American depository shares (ADS) with long-dated maturities in 2029 and 2030. The EV maker plans to use the funds to “further strengthen its balance sheet as…
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Cleantech & EV'sNews

Graphite made from wood chips may soon be in your EV battery

September 19, 2023
A New Zealand-based startup just got $18 million to commercialize graphite made of wood chips for EV batteries in Europe and the US. Graphite made of wood chips and sawdust Swedish-Finnish renewable forestry giant Stora Enso, Hong Kong-based battery maker Amperex Technology (ATL), and other partners are investing in CarbonScape, which uses forestry and timber industry byproducts such as wood…
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