Author: GT

Binance, the world’s largest cryptocurrency exchange, is offering digital asset managers special accounts that allow pooling of their investors’ assets to make crypto fund management operations feel more like a traditional finance experience. The omnibus “Fund Accounts” introduce a universal net asset value (NAV) per unit concept used by buyside firms to provide a clear and trackable profit-and-loss for each fund, addressing the lack of a common market standard in crypto asset management, Binance said on Wednesday. Unlike the rarified world of high finance, crypto trading is still developing from a relatively unsophisticated retail market into a more institutional-friendly environment,…

An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024.Nathan Howard | Bloomberg | Getty ImagesOKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some their plans.”There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years…

Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday.Here’s what analysts are expecting.Revenue: $89.12 billion, according to LSEGEarnings per share: $2.01, according to LSEGYouTube advertising revenue: $8.97 billion, according to StreetAccountGoogle Cloud revenue: $12.27 billion, according to StreetAccountTraffic acquisition costs (TAC): $13.66 billion, according to StreetAccountGoogle finds itself at the center of an artificial intelligence arms race where its position may be threatened pending mounting regulation and competition from generative AI companies, including OpenAI and Anthropic. The company is also among those bracing for the potential impact from President Donald Trump’s tariffs, which could result in a…

Geopolitical pressures are accelerating a demand in many countries and regions to reshore — that is, to redevelop critical industry infrastructure, and to bring back businesses, which had moved or outsourced some or all of their industrial operations to cheaper countries further away. But that is easier said than done. In the key area of precision manufacturing, for example, most countries in the West are not set up to handle the current production demands that businesses face. This is the challenge Isembard aims to address. The British startup said it plans to create a network of factories across several Western…

Ashley Dayer’s dream of winning a National Science Foundation grant to pursue discoveries in bird conservation started when she was an early-career professor with an infant in her arms and a shoestring laboratory budget.Competition is intense for NSF grants, a key source of funding for science research at U.S. universities. It took three failed applications and years of preliminary research before the agency awarded her one. Then came a Monday email informing Dayer that President Donald Trump’s administration was cutting off funding, apparently because the project investigating the role of bird feeders touched on themes of diversity, equity and inclusion.“I…

By John Revill BERN (Reuters) -Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump’s tariffs made it more important for the central bank to diversify its reserves. Supporters launched a referendum campaign in December to change the Swiss constitution to require the SNB holds bitcoin in its reserves alongside gold. “Holding bitcoin makes more sense as the world shifts towards a multipolar order, where the dollar and the euro are weakening,” said campaigner Luzius Meisser, a board member of cryptocurrency broker Bitcoin Suisse. Buying…

AI models like Anthropic Claude are increasingly asked not just for factual recall, but for guidance involving complex human values. Whether it’s parenting advice, workplace conflict resolution, or help drafting an apology, the AI’s response inherently reflects a set of underlying principles. But how can we truly understand which values an AI expresses when interacting with millions of users? In a research paper, the Societal Impacts team at Anthropic details a privacy-preserving methodology designed to observe and categorise the values Claude exhibits “in the wild.” This offers a glimpse into how AI alignment efforts translate into real-world behaviour. The core…

Ever wonder how much electricity you’re using when you prompt, or thank, an AI model? Hugging Face engineer Julien Delavande did, so he built a tool to help arrive at the answer. AI models consume energy each time they’re run. They’re run on GPUs and specialized chips that need a lot of power to carry out the associated computational workloads at scale. It’s not easy to pin down model power consumption, but it’s widely expected that growing usage of AI technologies will drive electricity needs to new heights in the next couple of years. The demand for more power to…

President Trump is courting the biggest backers of his official meme coin as he deepens his financial involvement with the crypto industry. Trump’s $TRUMP cryptocurrency, which he launched just before taking office in January, surged 30% following a Wednesday announcement of a gala dinner for the meme coin’s 220 biggest holders. The event will be held May 22 at the Trump National Golf Club in Sterling, Va. The 25 biggest Trump coin holders will also receive an invite for a “special tour,” along with a “private VIP reception with the President.” The private dinner invitation follows a separate announcement earlier…

Volkswagen of America and Uber on Thursday unveiled an ambitious plan to launch a commercial robotaxi service — using autonomous electric VW ID. BUZZ vehicles — in multiple U.S. cities over the next decade. The companies expect to launch a commercial service in Los Angeles, the first city on the list, by late 2026. VW and Uber didn’t provide details on potential future markets. Initially, the service won’t be driverless. The fleet of autonomous vehicles will have human safety operators behind the wheel before they go driverless in 2027, a VW spokesperson told TechCrunch. That gives Volkswagen ADMT, the autonomous…