Lifeboat Foundation

The extent of losses faced by investors remains unknown so far.

FTX, the cryptocurrency exchange that came crashing down in just a week in November last year, has now recovered assets worth $5 billion, its attorney told a U.S. court, BBC

Valued at over $32 billion just a year ago, the crypto exchange, with its head office in the Bahamas, faced a liquidity crunch. The founder, CEO Sam Bankman-Fried (SBF), filed for bankruptcy protection on November 11.

The company aims to hit a sales milestone of 1,000 electric trucks in 2023.

Tevva started commercial production of its medium-duty electric truck after it received the European Community Whole Vehicle Type Approval (ECWVTA). The British vehicle manufacturer will now be able to start mass production and sales of TEV75, its 7.5-tonne battery-electric truck. The critical regulatory approval, granted by the Vehicle Certification Agency (VCA) and the Swedish Transport Agency (STA), will enable Tevva to retail its product across the UK and Europe.

Continue reading “A British company starts mass production of its 7.5-tonne electric truck” »

As those who have read this column over time understand, I have a soapbox that involves authors, whether academics or consultants, pandering to management rather than teaching them. Sadly, Age of Invisible Machines.

The second, and larger issue was mentioned up top. Inventors have a habit, from long before Alfred Nobel, of ignoring the consequences of their inventions. The excuse is the same as scientists often give, that it’s not up to them to decide on the used and societal impact, they’re just discovering and inventing things. While that is true for theoretical science, it’s far past time for technologists focused on applications that directly impact society to give up that attempt to absolve themselves from societal impact.

The ethical AI movement is only an extension of regular movements in society, movements that try to understand how change impacts those societies and to do it from the beginning. Any good programmer looks at system issues from the design phase. Waiting until debugging is too late to create an effective system. Artificial intelligence will clearly impact society in major ways. It will redefine who can work and how society must address a change in the definition of work. It ties into the overvaluing of stocks because of the promise of solutions, in the lack of understanding of most people in what those solutions mean, and a real understanding, among a very few, of what that means.

Continue reading “Age Of Invisible Machines: An Impractical Guide To Hyperautomated Systems” »

FTX founder and former CEO Sam Bankman-Fried launched his own Substack newsletter today, in a very unusual move for someone who was recently arrested and is facing eight counts of U.S. criminal charges.

In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion.

The emergence in the last week of a particularly effective voice synthesis machine learning model called VALL-E has prompted a new wave of concern over the possibility of deepfake voices made quick and easy — quickfakes, if you will. But VALL-E is more iterative than breakthrough, and the capabilities aren’t so new as you might think. Whether that means you should be more or less worried is up to you.

Voice replication has been a subject of intense research for years, and the results have been good enough to power plenty of startups, like WellSaid, Papercup and Respeecher. The latter is even being used to create authorized voice reproductions of actors like James Earl Jones. Yes: from now on Darth Vader will be AI generated.

VALL-E, posted on GitHub by its creators at Microsoft last week, is a “neural codec language model” that uses a different approach to rendering voices than many before it. Its larger training corpus and some new methods allow it to create “high-quality personalized speech” using just three seconds of audio from a target speaker.

Although the crypto ecosystem has faced its fair share of bumps, venture capitalists are still bullish about the space and continue to look at decentralized finance (DeFi) as a promising opportunity.

TechCrunch surveyed six crypto-focused investors about the road ahead for crypto adoption, their sentiment toward DeFi and how the focus in that subsector (by both investors and founders) is growing.

The total value locked (TVL) on DeFi protocols has fallen roughly 77% from all-time highs around $180 billion in December 2021 to about $41 billion on Wednesday, according to DeFiLlama data. But that hasn’t stopped founders, developers and investors from diving into the space.

Water molecules that are close enough to “see’’ each other but far enough apart to be gas-like can undergo a quantum phase transition, a finding of relevance for making future water-based quantum devices.

Researchers cannot always differentiate between AI-generated and original abstracts.

UltraAir will enable the exchange of large amounts of data using laser beams in a network of ground stations and satellites in geostationary orbit at 36,000 km above the Earth.

Aerospace corporation Airbus and Dutch high-tech industrial supplier VDL Group will jointly develop and manufacture a laser communication terminal for aircraft, known as UltraAir, according to a press release by the first company published on Tuesday.

The concept is based on a project led by Airbus and the Netherlands Organisation for Applied Scientific Research (TNO). The two companies will now prepare a demonstration of a prototype and a first flight test in 2024.