Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made, and cryptocurrency assets were seized as part of the operation to shut down the elaborate scam.
Delhi…
Arch-Function LLMs promise lightning-fast agentic AI for complex enterprise workflows
October 16, 2024
Enterprises are bullish on agentic applications that can understand user instructions and intent to perform different tasks in digital environments. It’s the next wave in the age of generative AI, but many organizations still struggle with low throughputs with their…
Tesla’s big ‘We, Robot’ event criticized for ‘parlor tricks’ and vague timelines for robots, Cybercab, Robovan
October 16, 2024
Elon Musk’s publicly traded electric vehicle company Tesla, Inc. hosted its highly anticipated “We Robot” event on Oct. 10, 2024, at Warner Bros. Discovery Studios in Burbank, California and streamed it live on his social network X and YouTube.
Despite showing off…
The ‘strawberrry’ problem: How to overcome AI’s limitations
October 16, 2024
By now, large language models (LLMs) like ChatGPT and Claude have become an everyday word across the globe. Many people have started worrying that AI is coming for their jobs, so it is ironic to see almost all LLM-based systems flounder at a straightforward task: Counting the number of “r”s in the word “strawberry.” They are not exclusively failing at the alphabet “r”; other examples…
OpenAI unveils experimental ‘Swarm’ framework, igniting debate on AI-driven automation
October 14, 2024
OpenAI has unveiled “Swarm,” an experimental framework designed to orchestrate networks of AI agents. This unexpected release has ignited intense discussions among industry leaders and AI ethicists about the future of enterprise automation, despite the company’s…
U.S. soldiers fire an M142 High Mobility Rocket System during Exercise Balikatan 24 at Rizal, Philippines, May 2024.(Cpl. Kyle Chan/U.S. Army)
The U.S. Army command for the Indo-Pacific finds itself at the front of the service’s transformation initiative…
Italy’s Avio expands to fill US Army solid rocket motor orders
October 14, 2024
U.S. Marines fire a HIMARS rocket during a March 2024 exercise in South Korea. (Cpl. Davin Tenbusch/Marine Corps)
ROME — Italy’s biggest rocket and missile motor manufacturer, Avio, is set to triple production within five years as the American military and industry look to it to ease a chronic production shortfall in the United States, the firm’s CEO has said.
In July, Avio signed with…
Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority
October 14, 2024
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the…
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
October 11, 2024
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes…
London Man Denies Running Illegal Cryptocurrency ATMs
October 11, 2024
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal crypto ATM operators in the country.
London Man Denies Running Illegal Cryptocurrency ATMs
Habibur…
