Author name: fakhar

Chinese Researchers Use Meta’s Llama Model for Military AI Applications

Chinese researchers tied to the People’s Liberation Army (PLA) have used Meta’s open-source Llama model to create a military AI tool called “ChatBIT,” aimed at intelligence gathering and decision support. A June paper by six researchers from PLA-affiliated institutions, including the Academy of Military Science, described adapting Meta’s Llama 2 13B model for military dialogue …

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Google’s AI-fuelled gains in cloud bode well for Amazon, Microsoft

Like its rivals, Alphabet has been spending heavily on AI. Part of that is boosting its search business to become a more capable competitor to Microsoft-backed OpenAI. It is also investing heavily in its cloud business, announcing plans to spend billions to open data centers worldwide. Google has also integrated its generative AI chatbot Gemini …

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The EU moves forward with Chinese electric vehicle tariffs after a split vote.

The European Union will move forward with high tariffs on Chinese-made electric vehicles, despite opposition from Germany. The tariffs, set to begin next month and last five years, could cost automakers billions. They are intended to counter what the EU sees as unfair subsidies by China. In a recent vote, 10 EU countries supported the …

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Brazil’s top court says X paid overdue fines to the wrong bank.

Brazil’s Supreme Court said on Friday that lawyers for social media platform X paid fines to the wrong bank, delaying the decision on whether to allow the company to resume operations in Brazil. The fines, which X’s lawyers argued were paid correctly, are the last requirement before the court can authorize the company to operate …

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OpenAI has closed a $6.6 billion funding round, backed by Microsoft and Nvidia.

OpenAI, the creator of ChatGPT, has raised $6.6 billion from investors, potentially valuing the company at $157 billion and solidifying its status as one of the world’s most valuable private firms. This funding round includes returning venture capitalists like Thrive Capital and Khosla Ventures, as well as OpenAI’s main corporate supporter, Microsoft, and new participation …

OpenAI has closed a $6.6 billion funding round, backed by Microsoft and Nvidia. Read More »

IMF: Bitcoin Key to El Salvador Talks

Discussions between the International Monetary Fund and El Salvador focus on improving reforms, with addressing risks related to Bitcoin remaining a significant part of the dialogue, according to the IMF on Thursday. IMF spokesperson Julie Kozack stated in a scheduled press conference, “We have advised narrowing the scope of the Bitcoin law, enhancing the regulatory …

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Cisco to invest in CoreWeave at a $23 billion valuation

Cisco Systems (CSCO.O) plans to invest in CoreWeave, valuing the cloud services provider at $23 billion, Bloomberg News reported on Thursday, citing sources. CoreWeave, backed by Nvidia (NVDA.O), collaborates with AI startups and competing cloud providers to create clusters designed for AI workloads. In September, Bloomberg reported that CoreWeave CEO Michael Intrator had discussed a …

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US Offers EVgo $1.05 Billion Loan for EV Chargers

On Thursday, the United States offered EVgo a conditional loan guarantee of up to $1.05 billion to help expand electric vehicle charging stations nationwide, including in underserved urban areas. If finalized, the loan from the Department of Energy will support EVgo in setting up around 7,500 public high-power charging points at nearly 1,100 stations, with …

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Capgemini forecasts a decline in annual revenue due to weakness in the North American market

On Friday, French IT consulting group Capgemini announced it now expects annual revenue to decline, revising its earlier forecast of stable growth, due to weakness in the North American market. The Paris-based company predicts organic sales will fall between 0.5% and 1.5%, a shift from the previously anticipated 0-3% increase. CEO Aiman Ezzat stated that …

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