Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate USDT-based cross-border payments in emerging markets. XREX will use the funding to offer businesses…
Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though…
There’s practically a new study examining artificial intelligence’s impact on the workplace every week. Microsoft and LinkedIn released their annual Work Trend Index last month, concluding workers are embracing AI while employers remain largely paralyzed by indecision.
A new whitepaper released last week by the Electric Power Research Institute (EPRI) quantifies the exponential growth potential of AI power requirements. The 35-page report titled, “Powering Intelligence: Analyzing Artificial Intelligence and Data Center Energy Consumption,” projects total data center power consumption by U.S. data centers alone could more than double to 166% by 2030.
Stability AI is opening up its generative AI efforts for audio today with the release of Stable Audio Open 1.0. Stability AI is perhaps best known for its stable diffusion text-to-image generation AI technology, but that’s only one part of the company’s broader…
The House defense spending panel on Wednesday advanced the first draft of its annual Pentagon funding bill over objections from Democrats, who cited a provision that would block the president’s authority to withhold arms transfers to Israel and a lack of security…
PARIS — Kelly Magsamen, who has served as chief of staff to U.S. Defense Secretary Lloyd Austin his entire tenure, will step down at the end of June.
Austin announced the change in a statement, crediting her for “every initiative I have launched to defend our nation,” which includes work in the three areas of the world that now consume the Pentagon’s attention: the Indo-Pacific region…
Tesla Energy and smart electrical panel maker SPAN have launched the SPAN + Tesla Powerwall 3 bundle, a smart home battery backup system.
SPAN announced the partnership on LinkedIn and described the bundle as unlocking “special bundled pricing and next-level functionality…
Elon’s NVIDIA deal could spell big trouble for Tesla, Ford’s Explorer EV enters production, and BYD expands into the Bahamas (along with 10 other developing markets). All this and more on today’s Quick Charge!
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Elon Musk asked Nvidia to prioritize GPU…
Mercedes and Stellantis have stopped work on their joint European EV battery factory projects, and are reassessing which direction to move forward with the possibility of shifting to cheaper lithium iron phosphate cells.
Mercedes and Stellantis first partnered to form a battery cell joint venture in 2021, calling the venture the Automotive Cells Company (ACC).
Earlier this year, ACC raised $4.7…
