Geoffrey Hinton, the received of the 2024 Nobel Prize in Physics, has raised worries about his own findings and innovations enabling machine learning through artificial neural networks. During a press conference on Tuesday to reveal the Nobel prize winners, Hinton, speaking via phone, expressed concerns about the potential risks, specifically neural networks becoming uncontrollable. He...

According to a report by the International Data Corporation (IDC), the overall economic impact of businesses implementing artificial intelligence (AI) advancements is projected to reach approximately $19.9 trillion by 2030. IDC predicts that the AI sector will make up 3.5% of the worldwide GDP by 2030. IDC analysts consider how much companies invest in incorporating AI solutions, integrating...

Nokian Tyres and Reselo AB have agreed to collaborate on using Reselo Rubber, a material derived from birch bark leftovers, for manufacturing tires, as stated in a press release from the company. Reselo Rubber is an elastomeric material that is renewable and produced from waste generated by the pulp, paper, and plywood sectors. The companies will concentrate on improving the features for...

MarketWatch reports that Tesla from the United States intends to introduce its Full-Self Driving (FSD, "autopilot") driver assistance system in both the Chinese and European markets next year, as stated by the automaker on social media. By the end of this year, CEO Elon Musk expects approval for FSD with driver-side control (Supervised) in Europe, the PRC, and other countries, as stated in July....

The Wall Street Journal reported that Huawei Technologies from China is on the verge of launching a new chip tailored for AI development. The newspaper's insiders say that Chinese Internet firms and telecom companies have recently been experimenting with Huawei's latest chip, the Ascend 910C. According to the sources, potential customers have been informed by the company that the new chips offer...

SpaceX announced readiness for the fifth test orbital flight of the Starship spacecraft with Super Heavy launch vehicle for manned Moon flights. The specific date for the launch has not been determined yet. It relies on the approval from the U.S. Federal Aviation Administration (FAA). The world's largest Starship rocket had its fourth launch on June 6. Following one orbit around the Earth, the...

According to a research by analyst firm TRM Labs, in the first half of 2024, hackers stole more than twice as much cryptocurrency as they did the year before—$1.38 billion as opposed to $657 million. The majority of the volume was taken in a few targeted strikes, much like in 2023. Hackers were able to take 70% of the total volume in just five hacks. The biggest of these was the theft of almost...

The Wall Street Journal reported that Amazon intends to invest over $100 billion in data center infrastructure over the course of the next ten years. Amazon intends to spend over $100 billion on data center infrastructure over the course of the next ten years, however the source of the information is not mentioned. The publication claims that because cloud computing and artificial intelligence...

The Hong Kong Monetary Authority (HKMA) reported that Hong Kong has started a pilot program that permits digital yuan payments through large Chinese banks. Residents in Hong Kong will be able to transfer money directly to retailers in mainland China by opening digital yuan wallets at Bank of China, Bank of Communications, China Construction Bank, and Industrial & Commercial Bank of China....