Automotive engineers have spent the last century attempting to make car frames stiffer.
Author: admin (Kendrick Williams)
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BEZOS’S NEW JOB: GUIDING PROJECT PROMETHEUS
As an encore career after leaving Amazon in 2021, Jeff Bezos has formed Project Prometheus, named for the figure in Greek mythology who brought fire and the arts of civilization from the gods to humanity.
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MORE CIRCULAR INVESTMENTS: NVIDIA, MICROSOFT INVEST IN ANTHROPIC
Nvidia has committed as much as $10 billion and Microsoft up to $5 billion to Anthropic, the young AI company that makes the Claude platform. In return, Anthropic has pledged to spend $30 billion using Microsoft’s cloud services that, almost certainly, will be powered by Nvidia’s chips.
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JPMORGAN AIMS TO BECOME THE WORLD’S FIRST FULLY AI-BASED MEGABANK
JPMorgan Chase, the world’s richest bank by market capitalization, is being “fundamentally rewired” to take the greatest possible advantage of AI, chief data analytics officer Derek Waldron said in a CNBC interview.
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WILL AI DEVELOPERS’ LOSSES SINK THE MEGATECH COMPANIES?
Alphabet, Amazon, Microsoft, and Nvidia all reported hefty third-quarter profits. However, much of their future earnings depend on their contracts with Anthropic, Open AI, and other stand-alone AI developers that, so far, show few prospects of having the money to make good on their commitments.
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PRESSURED BY BIG TECH, EU BACKTRACKS ON WORLD-FIRST AI LAW
The European Commission (EC) is thinking of suspending parts of its AI Act, the landmark suite of regulations it established in May 2024 to govern artificial intelligence amid intense pressure from Big Tech companies and the US government.
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ECONOMIC UPDATE – MARKET OVERVIEW
Today, when the U.S. equity markets opened, the Dow was down more than 100 points, the tech-heavy Nasdaq was down 1 percent and S&P 500 was down 0.7 percent.
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THE FED / TREASURY MERGER. ‘A CONTROLLED DEMOLITION OF CAPITALISM AND FREE MARKETS.’
The Fed and US Treasury have put themselves in a position of ENORMOUS power. Here, I want to break it down for you.
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TECHNOCRACY BRIEFS: NYT CATCHES ON TO MIND-VASION
Both The New York Times and The New York Times Magazine have put out recent pieces on how invasive AI technologies are coming for the sanctuary of human minds and thoughts.
