AI & RoboticsNews

Elon Musk’s xAI raises $6B to take on OpenAI

May 29, 2024
Today, Elon Musk’s xAI startup announced a massive $6 billion round of funding. Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom…
Read more
DefenseNews

Defense Innovation Unit awards funding for sea-based launch pad

May 29, 2024
The Defense Innovation Unit selected The Spaceport Company to demonstrate the ability to use a sea-based launch platform to quickly send cargo or satellites to orbit. The company, headquartered in Woodbridge, Virginia, builds floating launch pads that could allow commercial companies or the Defense Department to fly payloads offshore. The concept is particularly relevant amid unprecedented launch…
Read more
DefenseNews

US Army sets development plan for future tactical drone

May 29, 2024
The U.S. Army approved the characteristics it wants in a Future Tactical Unmanned Aircraft System after awarding contracts to two teams competing to build the drone. The service approved an Abbreviated Capabilities Development Document, or A-CDD, on May 17, setting up the…
Cleantech & EV'sNews

Toyota, Japanese rivals promise more efficient next-gen ICE engines amid the shift to EVs

May 29, 2024
Despite the market moving toward EVs, Toyota, Subaru, and Mazda are committed to developing next-generation ICE engines. The new engines are “tailored to electrification” with integrated EV components. Toyota, Subaru, Mazda, double down on ICE engines Japanese automakers have been some of the biggest laggards in the transition to fully electric. As a result, Toyota was once again the…
Read more
CryptoNews

Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals

May 29, 2024
Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. Ether Futures Markets Reach…
Read more