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Ethanol Maker Green Plains Plunges on Bigger-Than-Expected Loss

Ethanol Maker Green Plains Plunges on Bigger-Than-Expected Loss

Green Plains Inc. shares plunged the most in more than four years as the ethanol producer again disappointed investors with lower-than-expected financial results. The company postedBloomberg Terminal a loss of 38 cents a share for the second quarter, double the average analyst estimate compiled by Bloomberg. Revenue fell 28% from a year earlier amid lower prices for corn-based ethanol and dry distillers grains used in livestock feed. Source link lol
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Nvidia Caught Stealing Mind-Boggling Quantity of YouTube Videos to Train AI

Nvidia Caught Stealing Mind-Boggling Quantity of YouTube Videos to Train AI

"A video data factory that can yield a human lifetime visual experience worth of training data per day."Leaked documents obtained by 404 Media reveal that AI-powering chip giant Nvidia has been quietly scraping astronomical numbers of YouTube video data to train its AI models — a legally and ethically murky decision that adds to the ever-growing pile of deeply questionable, and often very secretive, AI training practices by entities ranging from startups to corporate giants.According to 404's explosive scoop, Nvidia has obtained an eye-watering amount of YouTube data to train AI models including its Cosmos deep learning model, a self-driving…
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Why harmony with nature is a myth

Why harmony with nature is a myth

Sign up for Roots of Progress Substack The history of technology and the philosophy of progress Notice: JavaScript is required for this content. The following is the conclusion of Chapter 2 from the book The Techno-Humanist Manifesto by Jason Crawford, Founder of the Roots of Progress Institute. The first section of this chapter told the story of progress as one of increasing human agency.The entirety of the book will be published on Freethink, one week at a time. For more from Jason, subscribe to his Substack above.Chapter 2, Section 2: Surrender of the GodsThe story of progress, then, is one of humanity…
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UK Government Scraps £1.3bn Earmarked for AI and Tech Innovation

UK Government Scraps £1.3bn Earmarked for AI and Tech Innovation

The U.K. government has shelved £1.3 billion worth of funding that had been earmarked for AI and tech innovation. This includes £800 million for the creation of the exascale supercomputer at the University of Edinburgh and £500 million for the AI Research Resource — another supercomputer facility comprising Isambard at the University of Bristol and Dawn at the University of Cambridge. The funding was originally announced by the then-Conservative government as part of November’s Autumn statement. However, on Friday, a spokesperson for the Department for Science, Innovation and Technology disclosed to the BBC that the Labour government, which came into…
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Dell lays off some managers and sales staff to get ‘leaner’ amid a ‘modernization’

Dell lays off some managers and sales staff to get ‘leaner’ amid a ‘modernization’

Dell has laid off staff as part of a significant restructuring of its sales division.In an internal memo titled "Global Sales Modernization Update" sent to staff on Monday, the computer maker unveiled plans to centralize sales teams and modernize internal operations to prepare for "the world of AI."Sales divisions are being consolidated and a new AI Select Sales team created, the memo stated. As part of that move, an undisclosed number of employees were let go."We are getting leaner. We're streamlining layers of management and reprioritizing where we invest," senior executives Bill Scannell and John Byrne wrote in the internal…
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Watch: OpenAI-backed Figure shows off next-gen ‘self-correcting’ humanoid robot

Watch: OpenAI-backed Figure shows off next-gen ‘self-correcting’ humanoid robot

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Keeping its promise from last week, OpenAI-backed Figure, the startup racing to build AI-powered robots for household and factory work, has unveiled the next generation of its humanoid – Figure 02. Available to select enterprises at this stage, Figure 02 marks a significant upgrade over Figure 01, which first appeared earlier this year doing basic chores like moving dishes into a drying rack while conversing with its instructor. The new model, as the demo shows, has been perfected with an exoskeleton-based…
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AI Is Heating the Olympic Pool

AI Is Heating the Olympic Pool

In the suburbs of northeast Paris, there is a giant terra-cotta-colored warehouse with a labyrinth of windowless corridors inside. A deafening whir emanates from behind rows and rows of anonymous gray doors, and under white striplights, disposable earbuds are available to protect passersby from the noise.These are the uncanny innards of one of France’s newest data centers, completed earlier this year, which is now being used to heat the new Olympic Aquatics Center—visible from the data center’s roof. When US swimming star Katie Ledecky won her ninth Olympic gold medal last week, she did it by speeding through water heated,…
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Could Antitrust Ruling Against Google Bring Breakup of the Company?

Could Antitrust Ruling Against Google Bring Breakup of the Company?

Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced when a US judge found Aug. 5 that it illegally monopolized the search market. It was a major win for the US Justice Department and state attorneys general and could result in the breakup of the 25-year-old company. Judge Amit Mehta of the US District Court for the District of Columbia ruled that $26 billion in payments that Google made to other companies to make its search engine the default option on smartphones and web browsers effectively blocked any other competitor from succeeding in the market. Mehta’s ruling came…
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Trustworthy Machine Learning under Social and Adversarial Data Sources

Trustworthy Machine Learning under Social and Adversarial Data Sources

arXivLabs is a framework that allows collaborators to develop and share new arXiv features directly on our website. Both individuals and organizations that work with arXivLabs have embraced and accepted our values of openness, community, excellence, and user data privacy. arXiv is committed to these values and only works with partners that adhere to them. Have an idea for a project that will add value for arXiv's community? Learn more about arXivLabs. Source link lol
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