Failed fintech startup Bench racked up over $65 million in debt, documents reveal

Canadian Fintech Bench had over $65 million in debt but less than $3 million in cash, documents reveal.

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Canadian Fintech Bench had over $65 million in debt but less than $3 million in cash, documents reveal.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Artificial intelligence (AI) once seemed like a fantastical construct of science fiction, enabling characters to deploy spacecraft to neighboring galaxies with a casual command. Humanoid AIs even served as companions to otherwise lonely characters. Now, in the very real 21st century, AI is becoming part of everyday life, with tools like chatbots available and useful for everyday tasks like answering questions, improving writing, and solving mathematical equations.Artificial intelligence (AI) once seemed like a fantastical construct of science fiction, enabling characters to deploy spacecraft to neighboring galaxies with a casual command. Humanoid AIs even served as companions to otherwise lonely characters. Now, in the very real 21st century, AI is becoming part of everyday life, with tools like chatbots available and useful for everyday tasks like answering questions, improving writing, and solving mathematical equations.Software[#item_full_content]

The UK government’s goal to increase public-controlled artificial intelligence computing power twentyfold by 2030 would significantly raise electricity demand. Can renewable energy supply meet it—and still have enough left over to electrify sectors like heating and transport, which must be fully decarbonized by 2050?The UK government’s goal to increase public-controlled artificial intelligence computing power twentyfold by 2030 would significantly raise electricity demand. Can renewable energy supply meet it—and still have enough left over to electrify sectors like heating and transport, which must be fully decarbonized by 2050?Energy & Green Tech[#item_full_content]

A complex sense of touch for individuals living with spinal cord injuries is a step closer to reality. A study published in Science, paves the way for complex touch sensations through brain stimulation while using an extracorporeal bionic limb, that is attached to a chair or wheelchair. The paper is titled “Tactile edges and motion via patterned microstimulation of the human somatosensory cortex.”A complex sense of touch for individuals living with spinal cord injuries is a step closer to reality. A study published in Science, paves the way for complex touch sensations through brain stimulation while using an extracorporeal bionic limb, that is attached to a chair or wheelchair. The paper is titled “Tactile edges and motion via patterned microstimulation of the human somatosensory cortex.”[#item_full_content]

Mark Cuban is ready to fund a TikTok alternative built on Bluesky’s AT Protocol

Entrepreneur and investor Mark Cuban is ready to fund a TikTok alternative built on Bluesky’s AT Protocol, he shared in a TikTok video posted on Wednesday. In anticipation of the coming U.S. TikTok ban, which will go through on Sunday unless paused by the Supreme Court, users have been fleeing to other video platforms, including […]

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Entrepreneur and investor Mark Cuban is ready to fund a TikTok alternative built on Bluesky’s AT Protocol, he shared in a TikTok video posted on Wednesday. In anticipation of the coming U.S. TikTok ban, which will go through on Sunday unless paused by the Supreme Court, users have been fleeing to other video platforms, including
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Reservoir computing (RC) is a powerful machine learning module designed to handle tasks involving time-based or sequential data, such as tracking patterns over time or analyzing sequences. It is widely used in areas such as finance, robotics, speech recognition, weather forecasting, natural language processing, and predicting complex nonlinear dynamical systems. What sets RC apart is its efficiency―it delivers powerful results with much lower training costs compared to other methods.Reservoir computing (RC) is a powerful machine learning module designed to handle tasks involving time-based or sequential data, such as tracking patterns over time or analyzing sequences. It is widely used in areas such as finance, robotics, speech recognition, weather forecasting, natural language processing, and predicting complex nonlinear dynamical systems. What sets RC apart is its efficiency―it delivers powerful results with much lower training costs compared to other methods.[#item_full_content]

A recent report produced by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab), which outlines the energy use of data centers from 2014 to 2028, estimates that data center load growth has tripled over the past decade and is projected to double or triple by 2028.A recent report produced by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab), which outlines the energy use of data centers from 2014 to 2028, estimates that data center load growth has tripled over the past decade and is projected to double or triple by 2028.[#item_full_content]

Goldman Sachs’ David Solomon tells startups to reconsider going public

Goldman Sachs is one of the biggest investment banker “book runners” for IPOs – where banks are paid many millions of dollars for each listing they underwrite. Yet CEO David Solomon told attendees of the Cisco AI Summit in Palo Alto that startups should reconsider the idea of going public, reports the Financial Times.  Solomon […]

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Goldman Sachs is one of the biggest investment banker “book runners” for IPOs – where banks are paid many millions of dollars for each listing they underwrite. Yet CEO David Solomon told attendees of the Cisco AI Summit in Palo Alto that startups should reconsider the idea of going public, reports the Financial Times.  Solomon
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Anduril to build its billion-dollar weapons megafactory in Ohio

Today, Anduril announced it is building their massive weapons factory, Arsenal-1, in Columbus, Ohio, confirming TechCrunch’s earlier reporting.

© 2024 TechCrunch. All rights reserved. For personal use only.

Today, Anduril announced it is building their massive weapons factory, Arsenal-1, in Columbus, Ohio, confirming TechCrunch’s earlier reporting.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Netradyne snags $90M at $1.25B valuation to expand smart dashcams for commercial fleets

Distracted driving is a leading cause of car crashes — and rising auto insurance premiums, which are expected to increase in 2025. For commercial fleets, that’s an expensive challenge to navigate. But for California-based startup Netradyne, it’s a tailwind.  Netradyne provides fleet owners, including big names like Amazon, with AI-enabled dashcams that collect vehicle data […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Distracted driving is a leading cause of car crashes — and rising auto insurance premiums, which are expected to increase in 2025. For commercial fleets, that’s an expensive challenge to navigate. But for California-based startup Netradyne, it’s a tailwind.  Netradyne provides fleet owners, including big names like Amazon, with AI-enabled dashcams that collect vehicle data
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

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