Author: bigboss
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Elgin becomes majority stakeholder in CIP
1. CIP to acquire majority share in Elgin Energy and invest £250 million. 2. Elgin has delivered close to 2 GW of ready-to-build solar PV and storage projects. 3. CIP’s fifth flagship fund aims to invest in wind, solar, and energy storage technologies globally. Copenhagen Infrastructure Partners (CIP) has acquired a majority share in Elgin…
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India grapples with election misinformation, considers labelling and forming an AI safety coalition
1. India has become a global hotspot for the use and abuse of AI in political discourse, prompting tech companies like Adobe to promote tools for identifying and flagging AI content. 2. Adobe, along with other tech giants, is part of initiatives like the Content Authenticity Initiative (CAI) and the Coalition for Content Provenance and…
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The Hertz EV Fiasco: Ego and Greed at Play
1. Hertz filed for bankruptcy during the height of the Covid 19 pandemic in May 2020. 2. Hertz’s new owners planned to make the company EV-centric by ordering 100,000 Teslas and building a charging network. 3. The EV strategy backfired as Tesla prices dropped, leading to high repair costs, crashes, and a decision to unload…
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Comparing Amazon’s Fire TV Options: Which Streaming Device Fits Your Needs Best?
1. Amazon Fire TV devices offer easy access to popular streaming services, with options ranging from sticks to smart TVs with built-in Fire TV OS. 2. Entry-level Fire TV devices like the standard Fire TV Stick offer full HD playback, while higher-end models like the Fire TV Stick 4K and Fire TV Stick 4K Max…
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SiMa.ai raises $70 million in funding to launch new GenAI chip supporting multiple modes
1. SiMa.ai raised a $70 million extension funding round to bring its second-generation chipset for multimodal generative AI processing to market. 2. The company targets the market segment between 5W and 25W of energy usage and has already been used by over 50 companies globally with its proprietary ML SoC and software combination. 3. SiMa.ai…
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“UEG Secures Rights to 250MW Solar Project in Bulgaria”
– UEG Clean Energy finalizes agreement to purchase Green Profit, acquiring construction rights for a 250MW solar project in Bulgaria. – The project includes the development of the Simeonovgrad-Polyanovo PV farm, comprising the 70MW Simeonovgrad park and the 180MW Polyanovo park. – UEG plans to bring the solar capacity online by 2025 and is actively…
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Duke Energy launching VPP and battery incentive program pilot in North Carolina
1. Duke Energy implementing PowerPair incentive program for home solar generation with battery energy storage in North Carolina 2. Program offers up to $9,000 in incentives for customers who install solar and battery systems 3. Customers can also participate in demand response programs and must use Duke Energy Trade Allies for installation. Duke Energy is…
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Emilia Gómez at the EU: From music to AI – A woman in the field
1. TechCrunch is launching a series of interviews highlighting women who have contributed to the AI revolution to give them recognition for their work. 2. Emilia Gómez is involved with the European Commission’s AI Watch initiative, focusing on monitoring and advancing AI in Europe, with a background in computational music and the impact of AI…
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American Battery Factory Increases Production in the United States
– Support for battery energy storage and electrification of transportation is driving the construction of battery factories in the U.S. – American Battery Factory is partnering with Lead Intelligent Equipment to secure custom automation equipment for its gigafactory in Tucson, Arizona. – Arizona is a popular location for battery manufacturing, with LG Energy Solution and…
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OpenAI increases the scope of its personalized model training initiative
1. OpenAI is expanding its Custom Model program to help enterprise customers develop tailored generative AI models for specific use cases. 2. The program now includes assisted fine-tuning and custom-trained models to maximize performance and allow organizations to build personalized models. 3. The new features for developers working with GPT-3.5 include a dashboard for comparing…