Author: GT

Dell Technologies CEO Michael Dell said Tuesday that while demand for computing power is “tremendous,” the production of artificial intelligence data centers will eventually top out.”I’m sure at some point there’ll be too many of these things built, but we don’t see any signs of that,” Dell said on “Closing Bell: Overtime.”The hardware maker’s server networking business grew 58% last year and was up 69% last quarter, Dell said. As large language models have evolved to more multimodal and multi-agent systems, the demand for AI processing power and capacity has continued to be strong. Dell’s AI servers are powered by…

Mastodon, the decentralized, open social network with over 8 million accounts and nearly 700,000 monthly active users, is planning to introduce a new feature, called “Packs,” which will make it easier for newcomers to discover curated collections of users to follow. The idea is similar to a feature Bluesky, another open social platform, introduced last year. Starter packs are designed to address the “cold start” problem of joining new social networks. When you first sign up for an account on a new platform, you may not know who to follow and aren’t sure who might be posting about topics of…

U.S. Immigration and Customs Enforcement (ICE) paid $825,000 earlier this year to a company that manufactures vehicles equipped with various technologies for law enforcement, including fake cellphone towers known as “cell-site simulators,” which can be used to spy on nearby phones.   According to public records, the award dated May 8 “provides Cell Site Simulator (CSS) Vehicles to support the Homeland Security Technical Operations program” and is a modification for “additional CSS Vehicles.”   The contract was signed with TechOps Specialty Vehicles (TOSV), a Maryland-based company. TOSV also signed a similar contract with ICE in September 2024 for $818,000, showing that…

NEW YORK (AP) — Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales.The new Model Y, costing just under $40,000 with a stripped-down interior, follows a slump in Tesla sales covering most of the past year due to anti-Elon Musk boycotts targeting the company. The company is also offering a cheaper version of its Model 3 for under $35,000.The company is under intense pressure to lift sales but is facing big challenges. In addition to anti-Musk backlash, it is contending with a likely hit to…

Meta announced on Tuesday a new Facebook algorithm update that will showcase more Reels videos tailored to users’ preferences. The update includes features that offer users greater control over the videos they see, AI-powered search suggestions, and new friend bubbles.  Facebook will make it easier for users to express their disinterest in these types of videos. They can now select “Not Interested” on a Reel or flag a comment, prompting the recommendations engine to adapt based on this feedback. The “Save” feature has also been updated to make it simpler to collect favorite Reels and posts in one place.  The…

Cfoto | Future Publishing | Getty ImagesThe Motion Picture Association on Monday urged OpenAI to “take immediate and decisive action” against its new video creation model Sora 2, which is being used to produce content that it says is infringing on copyrighted media.Following the Sora app’s rollout last week, users have been swarming the platform with AI-generated clips featuring characters from popular shows and brands.”Since Sora 2’s release, videos that infringe our members’ films, shows, and characters have proliferated on OpenAI’s service and across social media,” MPA CEO Charles Rivkin said in a statement. OpenAI CEO Sam Altman clarified in…

Bank of America is urging caution after gold broke above $4,000 for the first time Tuesday. Gold futures touched an intraday record of $4,014.60 per ounce as of 11:31 a.m. ET, while spot gold hit an all-time high of $3,985.36. Gold prices have gained about 50% this year as investors seek a safe haven from geopolitical volatility, economic uncertainty, a weaker dollar and stubborn inflation. But BofA warned investors that gold may enter a “consolidation or correction” in the fourth quarter, as it faces “uptrend exhaustion.” Spot gold tends to pivot either higher or lower when it hits big round…

For the release of her twelfth album, “The Life of a Showgirl,” Taylor Swift sent fans on an online scavenger hunt this weekend, which began by searching for “Taylor Swift” on Google. But as fans unveiled secret videos as part of the campaign, some fretted that the clips looked like they were AI-generated — and they were not pleased. A Google search for the singer’s name yields a cryptic message: “12 cities, 12 doors, 1 video to unlock.” Fans had to figure out the location of the doors, then physically find them and scan a QR code, which surfaced 12…

Lucid Motors delivered a record 4,078 vehicles in the third quarter, likely buoyed by a combination of more Gravity SUVs hitting the road and a rush of customers taking advantage of the expiring federal EV tax credit. The Saudi-owned luxury EV startup is still way off the projections it used to go public in 2021 — a transaction that netted it $4 billion. But Lucid Motors has seen deliveries steadily climb over the last two years. The third-quarter delivery figures announced Monday mark the seventh consecutive quarter that Lucid Motors has seen sales increase. Lucid Motors was not alone in…

NEW YORK (AP) — The U.S. government shutdown is waving a caution flag at private companies racing to make the move to the public market.The market for initial public offerings has been on a years-long recovery after spiking inflation slammed the brakes on activity in 2022. The IPO market is already on track for its best year since 2021 with 163 deals and $31 billion in proceeds raised so far, according to Renaissance Capital.Companies rely on the U.S. government, through the Securities and Exchange Commission, to review and approve IPO filings, while monitoring the ongoing process. The SEC is now…