Technology

Ferrari Ventures Into Electric Age Amid Industry Challenges
Technology

Ferrari Ventures Into Electric Age Amid Industry Challenges

Related media - Breaking news In a new factory in northern Italy, Ferrari chassis slide onto robot trucks as engineers in cherry-red uniforms add components like the engine block, dashboard, and steering wheel, turning these bodies into hybrids. Soon: fully electric. There’s a lot at stake in Ferrari’s €200 million “e-building,” which opened last month. Almost twice the size of Rome’s Colosseum, the factory aims to propel the 77-year-old sports car maker, famous for the roar of its combustion engines, into the age of electrification. However, this effort comes at a delicate time for the auto industry. The transition to electric vehicles, which should have quickly ushered in an era of climate-friendly transportation, has been slowed by costly investments and slowing global demand. Oth...
Building Global Supply Chains: US Strategy to Mitigate Risks with China
Technology

Building Global Supply Chains: US Strategy to Mitigate Risks with China

Related media - News 24 hours If the Biden administration is successful, many more electronic chips will be produced in factories located in, say, Texas or Arizona. These chips will then be shipped to partner countries like Costa Rica, Vietnam, or Kenya for final assembly and global distribution, powering everything from refrigerators to supercomputers. These places aren’t the first that come to mind when you think of semiconductors. But administration officials are trying to transform the global chip supply chain, and they’re negotiating hard to make that happen. Key elements of the plan include convincing foreign companies to invest in U.S. chipmaking and finding other countries to set up factories to do the work. Officials and researchers in Washington call it part of the new “chi...
How to Optimize Your Phone’s Photo Library for More Storage Space
Technology

How to Optimize Your Phone’s Photo Library for More Storage Space

Related media - Recent news Is your phone constantly warning you about low storage space? Do you find yourself endlessly scrolling to find a particular photo? Over time, our phones accumulate countless images, apps, and files that can clog up space. Here's how to effectively clean up your photo library and free up storage space using tools readily available on your device. Check your storage space First, assess how much space is left on your device and identify what is taking up space. For Android users, go to the Settings app and select Storage. On Samsung Galaxy devices, go to Settings, choose Device care or Device maintenance, then tap Storage. iPhone users can open the Settings app, select General, and then iPhone Storage to see how much space is available. The steps are similar...
Investors Plough $27.1 Billion Into AI Startups Despite Economic Struggles
Technology

Investors Plough $27.1 Billion Into AI Startups Despite Economic Struggles

Related media - News 24 hours In May, CoreWeave, a provider of cloud computing services for AI companies, raised $1.1 billion, followed by $7.5 billion in debt, reaching a valuation of $19 billion. Scale AI, a data provider for AI companies, secured $1 billion, at a valuation of $13.8 billion. Additionally, xAI, founded by Elon Musk, raised $6 billion, reaching a valuation of $24 billion. According to Kyle Stanford, research analyst at PitchBook, these funding rounds have increased overall deal volume in the industry, both in terms of dollar amounts and number of deals. "It's not declining anymore," he said. "The bottom has already fallen out." The surge in activity has prompted some venture capitalists to revise their outlook. Last year, IVP investor Tom Loverro predicted a...
Robots Have Chubby Faces (and Smiles), According to New Research
Technology

Robots Have Chubby Faces (and Smiles), According to New Research

More news - Recent news In Japan, engineers are working to create robots that can mimic human expressions, particularly smiles. They developed a face mask using human skin cells, which they attached to robots using a new technique that hides the bond and is flexible enough to form expressions such as a grimace or a slight smile. The look is a mix between the disturbing Hannibal Lecter mask and the claymation character Gumby. However, scientists believe that these prototypes could lead to more advanced robots. These robots would have a durable, elastic outer layer that protects the machine while making it more human-like. The “skin equivalent,” as researchers call it, is made in the lab from living skin cells. This skin can scar, burn, and even heal itself, according to a study publis...
Nvidia, with a market capitalization of $3.34 trillion, becomes the most valuable company
Technology

Nvidia, with a market capitalization of $3.34 trillion, becomes the most valuable company

More news - News 24 hours Nvidia leapfrogged two of the tech industry’s biggest names on Tuesday to become the world’s most valuable public company, according to data from S&P Global. Its rise has been fueled by a boom in generative artificial intelligence and growing demand for the company’s chips, known as graphics processing units, or GPUs, that make it possible to create AI systems. Nvidia's rise is among the fastest in the history of the market. Just two years ago, the company's market valuation exceeded $400 billion. Now, in the span of a year, it has gone from $1 trillion to more than $3 trillion. Nvidia's stock price rose 3.6% on Tuesday, bringing its value to $3.34 trillion. Both Microsoft and Apple lost ground, ending the day behind the Silicon Valley chipmaker. Nvidia'...