Winbond obtains NT$20 billion syndicated loan
Winbond Electronics has signed a seven-year syndicated loan agreement for NT$20 billion (US$656.3 million) with 11 local banks in Taiwan, according to the specialty DRAM and flash memory chipmaker......»»
Sutskever strikes AI gold with billion-dollar backing for superintelligent AI
Top venture firms back SSI to develop "safe" AI with teams in Palo Alto and Tel Aviv. Enlarge / Ilya Sutskever, OpenAI Chief Scientist, speaks at Tel Aviv University on June 5, 2023. (credit: JACK GUEZ via Getty Images).....»»
Two billion termites in two weeks: How Amur falcons cross the Arabian Sea
One million Amur falcons (Falco amurensis) can consume two billion termites in just over fifteen days. This is according to a paper published in the Journal of Raptor Research. These numbers are big, and the conclusions are even bigger—Northeast In.....»»
Audit warns costs for NASA"s new Artemis launcher could balloon to $2.7 billion
NASA's second mobile launcher needed for future missions in the Artemis program is already years late and millions over budget, and NASA's Office of the Inspector General warns it could get even worse......»»
Gigantic asteroid impact shifted the axis of solar system"s biggest moon, study finds
Around 4 billion years ago, an asteroid hit the Jupiter moon Ganymede. Now, a Kobe University researcher has realized that the solar system's biggest moon's axis has shifted as a result of the impact, which confirmed that the asteroid was around 20 t.....»»
Copper-based catalyst paves the way for sustainable ammonia production
Ammonia plays a critical role in food production and industrial development, with a global market size of approximately 175 million metric tons and a market value of $67 billion. Likewise, it is a high-energy-density carrier, making it a key player i.....»»
AI can mitigate bias against women in loan decisions and boost lenders" profits and reputations
Recent research from the University of Bath shows discrimination against women worsens if Artificial Intelligence (AI) is used by lenders for loans, but that ethical lenders could choose to tweak the AI algorithms to address this bias and still impro.....»»
WSJ: Apple in talks to invest in OpenAI as ChatGPT comes to iOS 18
OpenAI is seeking a new round of funding that values the company at over $100 billion, and a new report today says Apple is in negotiations to join in. According to The Wall Street Journal, Apple is “in talks to invest in OpenAI” alongside other.....»»
University of Wisconsin denied new trial in decade-long chip patent battle against Apple
The ten-year legal battle between Apple and the University of Wisconsin may finally be over, with the university denied its latest attempt to regain half a billion dollars from the iPhone company.Apple's A7 processor is among the ones included in the.....»»
GM, Samsung SDI push back opening of Ind. battery plant to 2027
General Motors and Samsung SDI finalized their partnership that will invest $3.5 billion in an EV battery plant in Indiana......»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
iPhone 16 will lead Apple to record high $400 billion revenues in 2024
Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record high for Services.Renders of the iPhone 16 rangeIt's estimated that when Apple was inc.....»»
Old methods, new technologies drive fraud losses
GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 202.....»»
Feds award $521 million in EV charger funds, but rollout remains slow
The awards are part of a $7.5 billion program for EV charger infrastructure. Enlarge (credit: Getty Images) The federal government awarded another $521 million in EV charger funding today. It's the latest tranche of mon.....»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
GM captive finance company withdraws application to create a bank
The captive finance arm of General Motors applied to charter a type of bank called an Industrial Loan Company in late 2020......»»
Germany plans $3.7 billion program to help decarbonize industry, including carbon storage
The German government on Friday announced plans to provide about 3.3 billion euros ($3.7 billion) in funding for projects to make industry more climate-friendly, including by storing carbon dioxide underground at offshore sites......»»
Fraud tactics and the growing prevalence of AI scams
In the first six months of 2024, Hiya flagged nearly 20 billion calls as suspected spam – more than 107 million spam calls everyday. The data showed spam flag rates of more than 20% of unknown calls (calls coming from outside of someone’s address.....»»
Dealerships kept contracts digital in Q2 despite CDK Global outage, Wolters Kluwer says
Car dealerships sent auto lenders more digital car loan contracts in the second quarter opting against paper documentation, despite the CDK Global outage in June following two cyberattacks......»»
Xiaomi, eyeing Europe, will swallow EV losses to join Tesla in big leagues
Xiaomi’s founder Lei Jun has pledged to invest $10 billion to make EVs as the company aims to become one of the world’s top five automakers. .....»»
Canadian rail lockout called "highly problematic" for North American auto industry
A weeklong stoppage could cost about $1 billion, according to one forecast. The costs and disruptions for U.S. automakers go up the longer the disruption lasts......»»