A House committee overwhelmingly voted to approve a bill that would require new cars to be built with AM radio at no additional cost to the owner. The AM for Every Vehicle Act will now head to the House floor for final approval. If successful, it’ll go to the president’s desk to be signed into […]

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Runway, a startup developing AI video tools, including video-generating models, has partnered with Lionsgate — the studio behind the “John Wick” and “Twilight” franchises — to train a custom video model on Lionsgate’s movie catalog. Lionsgate vice chair Michael Burns said in a statement that the studio’s “filmmakers, directors and other creative talent” will get […]

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JPMorgan Chase is in talks to take over the Apple Card business from Goldman Sachs, The Wall Street Journal reports. Goldman has issued credit for the Apple Card since its launch in 2019, but the Wall Street and Silicon Valley giants have been trying to untie their partnership since last year. In 2023, Goldman decided […]

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Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today. According to the outlet, the fund — among Wall Street’s largest — will focus on creating data centers and funding energy infrastructure to support AI. Chip […]

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Accounting for the emissions of a global tech empire is not a simple task, and what industry standards we do have for disclosure may allow tech companies to systematically understate their carbon footprint. A Guardian report compares official declarations of carbon emissions — including what amount to offsets purchased elsewhere, with “location-based” emissions, another standard […]

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The company is working with Muon Space, the Earth Fire Alliance, and others to launch FireSat.

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Gogoro, the Taiwanese electric scooter manufacturer and battery-swapping giant, said its CEO and chairman Horace Luke has stepped down amid subsidy fraud allegations, according to a regulatory filing. Gogoro allegedly used Chinese parts for e-scooters to reduce manufacturing costs, despite reporting that it used locally made parts to qualify for government subsidies. In a filing, […]

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Speaking at an Oracle financial analysts meeting, Oracle founder Larry Ellison said he expects AI to one day power massive law enforcement surveillance networks. “We’re going to have supervision,” he said. “Every police officer is going to be supervised at all times, and if there’s a problem, AI will report that problem and report it […]

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The Port of Seattle released a statement Friday confirming that it was targeted by a ransomware attack. The attack occurred on August 24, with the Port (which also operates the Seattle-Tacoma International Airport) saying it had “experienced certain system outages indicating a possible cyberattack.” The Port is now describing this as “a ‘ransomware’ attack by […]

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It’s looking increasingly likely that OpenAI will soon alter its complex corporate structure. Reports earlier this week suggested that the AI company was in talks to raise $6.5 billion at a $150 billion pre-money valuation. Now Reuters says the deal is contingent on whether OpenAI can restructure and remove a profit cap for investors. In […]

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Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has […]

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Fei-Fei Li, the Stanford professor many deem the “Godmother of AI,” has raised $230 million for her new startup, World Labs, from backers including Andreessen Horowitz, NEA, and Radical Ventures. World Labs is valued at over $1 billion, and the capital was raised over two rounds spaced a couple of months apart, TechCrunch reported in […]

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Bolt says it has settled its long-standing lawsuit with its investor Activant Capital. One-click payments startup Bolt is settling the suit by buying out the investor’s stake “after which Activant will no longer hold any interest in Bolt,” the company said in a statement. Activant’s suit accused founder and then CEO Ryan Breslow of adding […]

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Silicon Valley startup accelerator Y Combinator will expand the number of cohorts it runs each year from two to four starting in 2025, Bloomberg reported Thursday, and TechCrunch confirmed today. Y Combinator president Garry Tan told the site that approximately the same number of companies will go through YC each year, despite the change. This […]

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On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data.  In a statement posted online, Fortinet said an individual intruder accessed “a limited number of files” stored on a third-party shared cloud drive belonging to Fortinet, which included data belonging to “less than 0.3%” of its customers. The company said that the incident “did […]

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DeepMind employed a new learning platform, ALOHA Unleashed, paired with its simulation program, DemoStart, to teach robots by watching humans.

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The White House says several major AI vendors have committed to taking steps to combat nonconsensual deepfakes and child sexual abuse material. Adobe, Cohere, Microsoft, Anthropic OpenAI, and data provider Common Crawl said that they’ll “responsibly” source and safeguard the datasets they create and use to train AI from image-based sexual abuse. These organizations — […]

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Microsoft is laying off around 650 employees from its gaming division, according to an internal memo shared online by IGN. The latest cuts come eight months after the company laid off 1,900 in its gaming division, following its $68.7 billion acquisition of Activision Blizzard.  In Xbox chief Phil Spencer’s memo to staff, he notes that […]

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In a development that will surprise few, former WeWork CEO Adam Neumann’s climate/crypto/carbon-credit startup Flowcarbon appears to be in the process of curling up to die, Forbes reported today. Buyers of the outfit’s “Goddess Nature Token,” pitched as the first step in putting carbon credits on the blockchain, have reportedly been contacted about receiving refunds […]

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