In May 2023, Wall Street, led by Blackstone, raised $7.5 billion for CoreWeave, a startup owning AI chips and data center equipment, marking the rise of GPU-backed loans amid the AI boom. Authored by Douglas French via The Mises Institute, In an innovative twist on collateral lending, AI chips have
The US auto industry faces a crisis as CDK Global, a key dealership software provider, suffered a major cyber attack on June 19th, impacting over 15,000 dealerships nationwide. On Thursday, the US-based company that provides software for managing sales and services to thousands of car dealerships reported another cyber interruption
According to a study in Nature Communications, an ancient earthquake, possibly magnitude 7.5 or 8, dramatically altered the course of the Ganga River 2,500 years ago, as evidenced by seismites near Dhaka, Bangladesh. According to new research, the Ganga River’s course was dramatically altered by a massive earthquake that struck
Egypt has inaugurated the Hamam sewage treatment plant, the largest in the world, as part of the New Republic initiative. It’s located in the western Delta region, a significant step in Egypt’s water management strategy. Egypt’s administration has demonstrated its resilience in the face of global economic difficulties by implementing
Dell, SMC, and Nvidia are collaborating on Elon Musk’s Grok supercomputer project in Memphis, set to be the world’s largest. The venture aims to power the chatbot Grok, with potential implications for AI development. The multibillion-dollar “Gigafactory of Compute” by xAI is being built in Memphis, Tennessee, and is expected
The Wyoming Energy Authority awarded BWX Technologies Inc. a multimillion-dollar contract to develop small nuclear reactors to address power grid issues in the Powder River Basin. To counter a federal attempt to shut down its lucrative coal mining sector in the energy-rich Powder River Basin, Wyoming is strengthening its relationship
Apple’s Vision Pro flop is clear as Tim Cook’s decision to release the $3,899 headset earlier this year faces criticism amid low demand, leading Apple to halt its second-generation model. It was probably a bad decision to release the Vision Pro headset earlier this year at $3,899 (for a 1TB
A new study published on Monday in The Lancet Regional Health — Europe, led by Renata Levy from the University of São Paulo, links ultra-processed plant-based foods to heart disease and early death. Do you want to prolong your life and lessen your chances of chronic illness while also benefiting
In a May 2023 study published in the Monthly Notices of the Royal Astronomical Society, scientists identified seven potential Dyson sphere candidates among 5 million stars, suggesting advanced alien mega-structures. In a recent study, researchers identified seven potential Dyson sphere candidates among 5 million stars, suggesting advanced alien mega-structures. Freeman
Roscosmos’ Director General Yury Borisov disclosed plans for a joint Russian-Chinese nuclear reactor on the moon by 2035, as part of the International Scientific Lunar Station (ILRS). The head of Russia’s space agency has disclosed information regarding cooperative plans between Beijing and Moscow to place a nuclear reactor on the