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Innovation News
Silicon
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Google Partners Elementl Power To Develop Nuclear Projects
- Google is partnering with US-based Elementl Power LLC to develop nuclear power at three locations.
- Elementl Power will pre-position three project sites for advanced nuclear energy with the capital provided by Google.
- Google has been supporting sustainable energy for over a decade and has previously invested in solar farms and solar power plants.
- The partnership aims to accelerate the development of new safe, reliable, and affordable nuclear projects in the United States, with each project expected to generate at least 600 megawatts of power capacity.
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Silicon
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273
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White House To Redraft Biden’s AI Chip Export Rule
- The Trump administration plans to scrap a rule by the Biden administration limiting AI chip exports to many countries.
- The original Biden rule aimed to protect the US lead in AI, imposing licensing requirements except for top allies.
- Trump officials see the Biden law as unenforceable and intend to overhaul it for US technology to flourish while preventing adversaries' access.
- Nvidia faced restrictions due to the AI export controls; now, the Trump administration plans to redraft the rule to benefit US technology and job creation.
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Silicon
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94
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Silicon UK In Focus Podcast: Enterprise Cybersecurity in 2025 – Managing Complexity at Scale
- Silicon UK In Focus Podcast featured a discussion on Enterprise Cybersecurity in 2025 - Managing Complexity at Scale.
- The podcast addressed the challenges enterprises face such as a shortage of skilled professionals, increasing security demands, and the role of automation and AI in bridging the gap while considering new risks.
- Adam Casey, the Director of Security at Qodea, with over 20 years of experience in information technology and cyber security frameworks, joined the discussion to explore strategies for managing cybersecurity complexity, handling legacy systems, avoiding tooling sprawl, and developing unified security strategies for 2025.
- Adam Casey's extensive experience includes working as a Chief Information Security Officer in both Public and Private Sector organizations, enabling him to embed cybersecurity as a business enabler and support various sectors in defining and executing their Cyber Security Strategy and Cyber Resilience Programmes.
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Pymnts
2w
76
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Report: OpenAI Aims to Reduce Revenue Sharing With Microsoft
- OpenAI is planning to reduce revenue sharing with Microsoft from 20% to 10% by 2030.
- Microsoft has invested billions in OpenAI, with revenue-sharing set to continue until 2030.
- OpenAI's decision to keep its nonprofit parent in control of the for-profit entity behind ChatGPT stands in contrast to the earlier plan.
- OpenAI is in the process of planning a $40 billion funding round led by SoftBank, contingent on switching to for-profit control.
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Silicon
2w
54
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Apple Looks To Add AI Search To Safari – Report
- Apple is reportedly exploring adding AI search to its Safari web browser in alternative to Google.
- Google has been paying Apple billions to be the default search engine on Safari, with Alphabet CEO Sundar Pichai confirming the revenue share.
- Apple's potential move to AI search could challenge Google's dominance in the search market, increasing competition from companies like OpenAI and Perplexity.
- Google aims to embed its Gemini AI technology in Apple's devices, while Apple has already partnered with OpenAI for ChatGPT in Siri.
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Silicon
2w
371
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Jeff Bezos Fund Leads Investment In AI Firm Toloka
- Jeff Bezos' investment arm, Bezos Expeditions, has led a funding round for AI data solutions provider Toloka, with participation from Mikhail Parakhin, CTO of Shopify.
- Toloka specializes in training and evaluating AI models with the assistance of human experts, and Bezos' investment validates Toloka's potential and ambitions in AI development.
- The investment of $72 million by Bezos Expeditions aims to scale up Toloka's business, particularly in the US market, and develop products through collaboration between human experts and AI agents.
- Nebius, a strategic partner, continues to support Toloka as a shareholder following the investment, signaling a strong emphasis on human input in AI development amidst evolving business goals.
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Pymnts
2w
187
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Mistral Debuts Corporate Chatbot Amid Three-Fold Rise in Revenue
- French startup Mistral AI launches a new chatbot for corporate users as their revenue triples.
- Co-founder and CEO Arthur Mensch mentioned the significant business growth in the last 100 days, particularly in Europe and beyond the U.S.
- The enterprise version of the chatbot integrates with content management systems like Microsoft's SharePoint and Google Drive.
- Mistral AI, valued at $6 billion, is set to introduce advanced AI models that could revolutionize the retail industry.
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Medium
2w
177
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JuliaSim Model Development: Bridging Visual and Code-Driven Approaches
- JuliaSim Model Development integrates visual drag-and-drop interface with full-featured IDE using JuliaSim Modeling Language(JSML) and ModelingToolkit.jl.
- Advantages include traceability, version control, and synchronization across workflows, facilitating reproducibility and integration with CI/CD pipelines and Git-based tools.
- JuliaSim's visual interface enables structured system representation, automated code generation, real-time simulation, and extensive component libraries for diverse engineering applications.
- JuliaSim's software-defined machines approach offers symbolic equation representation, modular design, parallel computation, and easy transition between visual and code-based modeling, enhancing computational efficiency and reproducibility.
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Pymnts
2w
178
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Etsy’s ‘Algotorial Curation’ Blends Human Touch With AI Smarts
- Etsy is implementing 'algotorial curation,' a strategy that combines human expertise with advanced AI algorithms to recommend products to shoppers.
- Human experts identify trends and select listings, which are then expanded using machine learning to create collections of about 1,000 items.
- Etsy uses Google's Gemini multimodal model for these experiences, leveraging AI to enhance human insight at scale without eliminating human involvement.
- The implementation of AI has led to improved search functionalities, increased visibility, and sales on Etsy, providing a more personalized shopping experience for consumers.
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Silicon
2w
368
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OpenAI To Cut Microsoft Revenue Share – Report
- OpenAI is planning to reduce the amount of revenue it pays to Microsoft, its biggest investor and close partner.
- OpenAI confirmed it will continue to be overseen and controlled by a non-profit operation, potentially limiting CEO Sam Altman's power over the firm.
- OpenAI intends to decrease the percentage of revenue shared with Microsoft by at least half by the end of the decade, dropping from the existing 20 percent deal to potentially sharing only 10 percent of revenues by 2030.
- There are reports of a cooling relationship between Microsoft and OpenAI, with some media sources suggesting a drift between CEOs Sam Altman and Satya Nadella.
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Pymnts
2w
133
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Coinbase Debuts x402 for Internet-Native Stablecoin Payments
- Coinbase introduced x402, an open standard for internet-native stablecoin payments.
- x402 utilizes the HTTP '402 Payment Required' status code to embed stablecoin payments into web interactions.
- Developers and AI agents can use x402 to pay for APIs, services, and software directly with stablecoins over HTTP.
- Stablecoins are evolving in infrastructure, but merchant adoption still lags due to regulatory concerns and user experience gaps.
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Silicon
2w
254
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Amazon Claims Breakthrough With Robots That Can ‘Feel’ Items
- Amazon claims a breakthrough in robotics with a robot that has a sense of touch called Vulcan.
- Vulcan is Amazon's first robot with a sense of touch built on advances in robotics, engineering, and physical AI.
- Amazon previously worked on robots like Scout, Digit, and Sequoia to improve deliveries and operations.
- Vulcan's sense of touch aims to make workers' jobs easier and safer while enhancing order efficiency.
- Vulcan can pick and stow items using advanced robotics, engineering, and physical AI, improving operational tasks.
- Unlike typical robots, Vulcan can feel and react to unexpected contact due to its sense of touch.
- Vulcan's technology allows it to manipulate items within storage compartments efficiently and prevent damage.
- Vulcan uses end-of-arm tooling for manipulation similar to how a human uses hands and fingers.
- Amazon aims to deploy Vulcan in Europe, the UK, and the US to enhance operational efficiency and support employees.
- Vulcan's self-learning capabilities and sense of touch mark a significant advancement in robotics according to Amazon.
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Pymnts
2w
419
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Amazon Introduces First Robot With Sense of Touch
- Amazon debuts Vulcan, a fulfillment center robot with a sense of touch, enhancing its capabilities in handling objects with finesse.
- Vulcan is a significant advancement in robotics, enabling Amazon robots to grasp objects with a human-like touch and avoid causing damage during operations.
- The robot uses physical artificial intelligence and has force feedback sensors to understand how much force it applies when manipulating objects, contributing to its precision.
- Amazon's introduction of Vulcan comes as the company looks to leverage robotics and AI to improve efficiency and cost savings in its operations.
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Pymnts
2w
69
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81% of High-Uncertainty Middle-Market Firms Delay Tech Initiatives
- Cybersecurity risks are a significant impediment to technological innovation for middle-market firms, especially those operating in high-uncertainty environments.
- A recent report by PYMNTS surveyed 60 CFOs from middle-market firms, revealing that high-uncertainty firms face stronger cybersecurity concerns and consequences, such as financial losses and delayed tech initiatives.
- 81% of high-uncertainty firms frequently delay or cancel technology initiatives due to cybersecurity risks, impacting their competitive positioning in the long term.
- The report underscores the need for scalable solutions to manage uncertainty introduced by cyber threats and highlights strategies CFOs are employing, such as AI-driven threat detection and enhanced training.
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Fintechnews
2w
51
Image Credit: Fintechnews
G20 TechSprint 2025 Kicks Off, Focusing on Open and Secure Finance
- The G20 TechSprint 2025, launched by the BIS Innovation Hub and the South African Reserve Bank, focuses on proposing solutions for open and secure financial systems.
- This year's competition areas include digital identity solutions, credit data portability for SME financing, and technologies to address fraud and cyber risks.
- The aim is to promote fast payment systems, financial inclusion, and economic growth, aligning with G20 priorities and global challenges in regulation and central banking.
- Proposals can be submitted until June 20, 2025, with winners receiving up to US$30,000 and shortlisted projects obtaining around US$5,000 as a stipend.
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