air+djibouti

Truck1 Unveils Premium and The Expensive RVs for the Discerning Traveler

Rev Up Marketers

Truck1, a top-notch European marketplace for commercial vehicles, has unveiled the most expensive RV models that redefine the standards of luxury, comfort, and innovation in recreational vehicles. Truck1 is set to redefine the standard of luxury by offering information on the most expensive RVs for the discerning traveler. It aims to cater to the growing trend of travelers prioritizing premium amenities and expansive living spaces during their adventures. By leveraging advanced technology, the traditional RV experience is elevated with meticulously crafted campers designed for those who demand comfort. Here are some of the world's most expensive RVs: Marchi Mobile eleMMent Palazzo Superior The Marchi Mobile eleMMent Palazzo Superior stands as one of the most extravagant RVs globally, priced at around $3 million. It features a futuristic design, a master bedroom with a king-size bed, a 4-meter couch, and a Sky Lounge with an automatic lift system. This RV redefines luxury with its state-of-the-art technology and unparalleled comfort, making it a mansion on wheels. Newmar King Aire The Newmar King Aire, priced at approximately $960,000, is renowned for its opulent interior, which includes high-end appliances, luxurious leather furniture, and advanced safety features. It is powered by a robust engine and offers an exceptional driving experience. Its interior layout ensures maximum comfort and style, making it a top choice for luxury travelers. Prevost H3-45 VIP The Prevost H3-45 VIP, priced at $1.6 million, is celebrated for its tall profile and extensive use of high-quality materials. It features a spacious living area, gourmet kitchen, luxurious bathroom, and high-tech entertainment systems. This RV provides a perfect blend of luxury and functionality, making it ideal for those who want to travel without compromising on comfort. While Truck1 doesn't offer these multi-million dollar RVs, it does present a range of luxurious options available in its marketplace. Here are the most expensive RVs currently available on Truck1: S580 V8 STX – 490,000 EUR The S580 V8 STX is a powerhouse of luxury, equipped with a V8 engine, top-tier interior finishes, and advanced technology. It offers a spacious living area with high-end appliances and a sophisticated design that caters to the most demanding travelers. Niesmann + Bischoff FLAIR 920 – 383,285 EUR The Niesmann + Bischoff FLAIR 920 combines robust performance with elegant design. It features a powerful engine, premium furnishings, and innovative safety systems. Its spacious interior and attention to detail make it a standout choice for luxury RV enthusiasts. Morelo Iveco Palace 90LC – 320,000 EUR The Morelo Iveco Palace 90LC offers a blend of luxury and practicality. It is equipped with a high-performance engine, luxurious living spaces, and advanced amenities. This RV is designed for those who seek comfort and reliability on the road. Truck1’s luxury RV offerings showcase the allure of glamping, blending outdoor adventure with luxurious comfort. The company caters to this growing trend with a curated selection of high-end glamping vans, built with premium materials for durability and luxury. Advanced technology, from navigation systems to energy-efficient appliances, enhances the unique and expensive nature of these RVs, making them perfect for weekend escapes or extended road trips. Moreover, Truck1’s user-friendly online marketplace allows potential buyers to browse a vast inventory of campers from trusted dealers across Europe. The company offers advanced filtering options based on type, size, features, and budget, ensuring a tailored search experience. Truck1’s commitment to excellence extends to providing exceptional customer service, ensuring a smooth and enjoyable buying experience. About Truck1: Truck1 is a leading European online marketplace dedicated to enhancing its services and variety of vehicles. The company offers a range of vehicles, including trucks, trailers, and high-value campers. Truck1’s user-friendly platform fosters connections between buyers and sellers across Europe, promoting a transparent and efficient marketplace for all commercial vehicle transactions. Contact Details Truck1 Sp. Z O.O. Eugene Krutsko eugene_k@truck1.eu Company Website https://www.truck1.eu/

July 16, 2024 06:52 AM Eastern Daylight Time

Image

Claravine Launches Connected Application on the Snowflake AI Data Cloud

Claravine

Claravine, The Data Standards Company, today announced the launch of a connected application Powered by Snowflake, connecting The Data Standards Cloud to the Snowflake AI Data Cloud. Organizations and marketers can now manage and mobilize their data faster and more efficiently, gaining intelligence and proving the business value of marketing campaigns. By leveraging the Snowflake AI Data Cloud, Claravine's connected application dramatically reduces manual data preparation tasks, breaks down data silos and accelerates both data availability and quality. Claravine provides a marketing data foundation, standardizing metadata within Snowflake, to streamline efforts across the marketing organization, many of which have the potential to impact AI initiatives, including AI use cases such as propensity scoring, personalization, prescriptive email content, and customer support co-pilots. Claravine's solution allows Snowflake customers to access dimension table management and enables seamless integration of creative metadata from a Digital Asset Management (DAM) system into media campaigns, providing a comprehensive data ecosystem. "Today marks an important step in our partnership with Claravine," said Jim Warner, Global Field CTO for Advertising & Marketing, Snowflake. "The new connected application enables joint customers to pass standardized marketing metadata directly into Snowflake to power campaign intelligence. With Claravine and Snowflake, marketers can make more confident, data-driven decisions that drive their business forward." In the dynamic and highly competitive marketing environment, marketers must have a comprehensive understanding of their performance metrics. Yet, marketers are confronted by a multitude of channels and data silos, diminishing marketing budgets and the acceleration of campaign and creative output. This creates a complex and financially demanding challenge. Claravine and Snowflake can assist their joint customers by delivering a solid infrastructure for marketing data. “Launching The Data Standards Cloud and Snowflake AI Data Cloud integration is a game-changer for our joint clients and their marketing teams,” said Chris Comstock, Chief Growth Officer, Claravine. “This connected application streamlines marketing data management – reducing errors in data preparation and providing a reliable source of marketing metadata. As more customers centralize their core data infrastructure on Snowflake we believe metadata is an essential component to a successful data strategy." To become a Snowflake partner and access Snowflake’s self-service partner resources, please click here. About Claravine Claravine is The Data Standards Company aiming to give people, teams and technology a shared understanding of their data. Claravine helps brands and agencies deliver on the promise of modern marketing by standardizing taxonomies, naming conventions, and metadata across all digital experiences at the source of data creation. The Data Standards Cloud empowers a proactive approach to marketing metadata naming conventions and taxonomy for fast, accurate and rich business insights that help deliver the experiences customers want. Claravine partners with a quarter of the Fortune 100 to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. For more information, visit www.claravine.com. To become a Claravine partner, please click here. Contact Details Kite Hill PR +1 704-960-2295 Claravine@kitehillpr.com Company Website https://www.claravine.com/

July 11, 2024 09:00 AM Eastern Daylight Time

The Tesla Of The Skies? How One Company Could Be About To Change The Aviation Industry Forever

Benzinga

By James Blacker, Benzinga Tesla (NASDAQ: TSLA) is without doubt one of the great success stories of the stock market, having seen its share price soar almost 1500% over the past five years. The company sold some 1.8 million vehicles in 2023, compared to 22,442 vehicles 10 years earlier in 2013. During the same period, its annual revenue grew to over $95 billion. With a market cap of over $800 billion, Tesla is now by far the largest automaker in the U.S. by market cap. By comparison, Toyota (NYSE: TM), the second-largest carmaker, has a market cap of a little over $270 billion. The success of Tesla can be attributed to numerous factors, not least its groundbreaking innovation, market disruption and commitment to sustainability. Just as Tesla has redefined the automotive industry, an emerging player seeks to do the same for the aviation industry. As the world looks to the skies for the next transportation revolution, New Horizon Aircraft (NASDAQ: HOVR) could be set to be a game changer for aviation with its hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft. Tesla's Blueprint For Market Dominance Tesla is best known as a pioneer in the electric car market that continues to innovate with its high-tech EVs and Supercharger network. The company has been a leader in the EV market for years thanks to its focus on cutting-edge tech, including the development of advanced battery systems and autonomous driving capabilities. Thanks in large part to Tesla, the auto sector has undergone a radical change in the last decade. Global EV sales reached 14 million in 2023, rising 35% from the previous year. This figure is more than six times higher than just five years earlier. In 2023 there were around 40 million EVs on the roads, and industry experts expect this number to continue rising – forecasts suggest that the global EV fleet will reach 250 million by 2030 and 525 million by 2035. EVs are set to play an important role in helping governments around the world achieve their net zero emissions targets. As such, Tesla’s success can also be attributed to its commitment to sustainability, which is at the core of its mission. The company says its products are designed to replace the planet’s biggest polluters. Last year, Tesla customers avoided releasing over 20 million metric tons of CO2 into the atmosphere. This focus on sustainability has resonated with consumers and propelled Tesla to become one of the most valuable companies in the world. New Horizon Aircraft: The Tesla Of The Skies? New Horizon Aircraft is positioning itself to emulate Tesla’s success as a company at the forefront of a new era in aviation, dedicated to revolutionizing air travel through innovative and sustainable tech. Founded in 2013 by a father-and-son team with extensive flying experience, Horizon Aircraft’s team of elite aerospace engineers is developing a hybrid eVTOL aircraft called the Cavorite X7. This aircraft uses a patented fan-in-wing design that lets it take off and land vertically like a helicopter but reconfigure en route to fly like a traditional aircraft. Redefining Aviation With Cutting-Edge Technology Much like Tesla, Horizon is continually innovating and developing new technology for its aircraft design. In contrast to many other eVTOL aircraft, the Cavorite X7 uses a hybrid electric main power system, which means it can recharge its battery array mid-flight and post-flight. Horizon says that this hybrid electric system, coupled with its patented fan-in-wing design, allows the Cavorite X7 to go faster and farther and carry more useful load than its competitors. According to the company, the X7 will have a maximum range of 500 miles, a maximum useful load of 1,500lb and a top speed of 250 mph. Horizon is also innovating with advanced autonomy and control systems that aim to make flight operations safer and more efficient. The company’s technical innovations will not only allow precise control during takeoff, landing and flight but also pave the way for a fully autonomous eVTOL in the future, pending regulatory acceptance. In line with its vision, sustainability is a key aspect of Horizon’s design philosophy. The Cavorite X7’s hybrid electric system reduces fuel consumption, meaning it can operate with up to 30% less hydrocarbon emissions than conventional aircraft performing similar operations, according to the company. Furthermore, as battery technology continues to advance, the Cavorite is expected to become fully electric, which will further reduce its environmental impact. Additionally, Horizon says its aircraft could bring costs down some 30% even compared to a helicopter carrying out a similar regional transport mission and at twice the speed. Transforming Urban And Regional Mobility With their small design and ability to take off and land vertically, eVTOL aircraft are ideal for transporting people and goods within urban areas. They are therefore seen as a solution to the global problem of traffic congestion, which leads to lost time, increased fuel consumption and high emissions. A recent study found that road congestion results in up to $200 billion in lost productivity annually. With the growing need for efficient and sustainable mobility solutions, eVTOL aircraft have the potential to transform urban mobility. With a wing design that allows it to fly farther, Horizon’s Cavorite X7 sets itself apart from other eVTOL aircraft as it is also ideal for regional air mobility (RAM) – short-haul travel connecting regions that are underserved by traditional airline routes. This capability means Horizon could be poised to capitalize on a global RAM market that is expected to grow to $115 billion by 2035. In addition to passenger travel for the RAM market, Horizon expects the X7’s uses to range from medical evacuation to natural disaster response, emergency surveillance and search and rescue. Navigating Challenges As with any disruptive technology, some challenges will need to be overcome before it becomes fully accessible to the wider public. Firstly, regulatory bodies, such as the Federal Aviation Administration (FAA), need to adapt to the rapid advancement of eVTOL technology – new products will require rigorous testing and certification processes before they can be approved. Regulators must also consider factors such as developing rules for safe flight in urban areas and air traffic control. The final hurdle to overcome for the eVTOL industry will be gaining market acceptance. It will be important to educate the public and stakeholders about the safety and benefits of this new technology in order to build trust. Adoption could come sooner than you think, however, with the FAA saying last year that it expects the first eVTOL to begin commercial operations around late 2024 or early 2025. A Vision For Tomorrow’s Skies The potential for a transformative shift in the aviation industry is immense. Just as Tesla reshaped the automotive landscape, Horizon Aircraft has the opportunity to do the same for aviation. The company envisions a future where air travel is more efficient, accessible, sustainable and integrated into our daily lives. Through continuous innovation, New Horizon Aircraft aims to make this vision a reality. Featured photo by Lars Nissen from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 11, 2024 08:35 AM Eastern Daylight Time

Image

The Proliferation Of AI Has Brought With It New Security Risks – iLearningEngines Is Finding New Ways To Enable Security For An AI World

Benzinga

By Kyle Anthony, Benzinga The proliferation of AI tools in recent years has been remarkable, with individuals' willingness to use them seemingly being the only thing keeping pace with their rapid development. But with millions of individuals using AI chatbots that can record a single user’s notes on any topic and then summarize that information or search for more details, the natural question that comes to mind is, how secure is the information being stored and used? Rising Cybersecurity Concerns With AI The success of ChatGPT and its adoption by the masses has been noteworthy, with the platform receiving 152 million visitors in its first month of being launched. At its peak in April 2024, the site received nearly 2 billion monthly visits. However, the platform’s growth has also welcomed threat actors who have identified vulnerabilities. Last year, a notable one was identified in ChatGPT’s Redis open-source library, allowing users to see other active users' chat history. OpenAI uses Redis to cache user information for faster recall and access. Because thousands of contributors develop and access open-source code, it’s easy for vulnerabilities to open up and go unnoticed. Threat actors know this, hence why attacks on open-source libraries have materially increased in recent years, with a reported overall increase of 742% since 2019. A cornerstone of ChatGPT’s development is cloud computing, as it accelerates research & development innovation. However, a person acting with malicious intent can gather information from ChatGPT that they can later use for harm. Since the chatbot has been trained on copious amounts of data, it possesses a lot of information that could potentially be weaponized by threat actors. Recognizing the potential risks of ChatGPT, the Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment, released a whitepaper entitled Security Implications of ChatGPT that provides guidance across four dimensions of concern around this extremely popular large language model (LLM). The CSA has also called for public collaboration in developing an artificial intelligence roadmap for this next frontier in cybersecurity and cloud computing. For companies developing their own LLMs using their proprietary dataset, on-premises data storage is preferable for many use cases. Though cloud storage has grown in popularity lately, some companies still believe that on-premises solutions or private clouds are best suited for their mission-critical business needs. For example, many value the greater security and control that on-premises solutions and storage give their data. Taking A Differentiated Approach With iLearningEngines iLearningEngines (NASDAQ: AILE) (iLE) has built this security approach and options for data security and control into its approach, and believes that this is one of the key drivers for their success in the market. iLE is an applied AI platform that empowers its enterprise and education customers to “productize” their institutional knowledge, improve efficiency and drive better mission-critical business outcomes. The company operates at the intersection of three large and growing markets: global artificial intelligence, global e-learning and hyper-automation. iLE's differentiation in the market is rooted in its proprietary AI technology and specialized data sets, thus avoiding the pitfall of open-source libraries. First, the company builds a secure Knowledge Cloud – an enterprise “brain” made up of specialized datasets – within a customer’s data environment. Then, it employs its no-code AI canvas, enabling rapid integration without custom programming. This enables iLE’s cognitive AI engine to generate insights, events and recommendations across many use cases. Employees use these valuable insights to close knowledge gaps, automate workflows and improve business outcomes. From a security perspective, iLE recognizes the imperative of integrating transparency, human oversight, fairness and other ethical considerations into AI development and deployment. It believes that taking such an approach allows businesses to foster trust, navigate risks effectively and unlock the full potential of AI. The company also deploys private cloud storage, which is ideal for industries like banking, finance and healthcare, where data security and compliance are paramount. iLE's commitment is backed by a comprehensive and advanced framework. The company says that this framework ensures transparency and explainability, robust security, safety and unwavering adherence to human-centered values and fairness in the applied AI platform. This commitment is not static but a living reality, constantly refined by iLE through ongoing interactions with its clients. A Pathway Forward AI is rapidly transforming the global landscape in many ways, but it should not come at the expense of information security as it opens up higher productivity levels. AI-powered tools automate tasks, streamline processes and replicate human-like understanding, reasoning and decision-making. However, to fully harness this potential, businesses must address challenges like data quality, privacy and siloed enterprise systems and bring machine cognition and comprehension with AI. iLE’s applied AI platform enables organizations to do this by creating AI Engines on the platform, utilizing specialized data sets with a focus on security. Featured photo by Markus Spiske on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 11, 2024 08:30 AM Eastern Daylight Time

Image

Could AI Threaten The Grid? Companies Like BEN Are Bringing Efficient AI Technology To The Forefront

Benzinga

By Meg Flippin, Benzinga Artificial intelligence is changing the world, but it’s coming at a heavy cost. Training and using AI models requires power – lots of power, which is taking an increasing toll on the national infrastructure, the cost of operations and the environment. Just one request on ChatGPT requires almost ten times more electricity than a Google search, and the AI service has a daily power consumption roughly equal to 180,000 U.S. households. Furthermore, a single ChatGPT conversation uses almost 17 ounces of water – a little more than a standard bottle of drinking water… and that’s just one AI model in a single AI service. We’ve all seen the AI market expanding at unprecedented rates, with companies vying for a piece of the exploding market. To support this tidal wave of technology, data centers are being built as fast as possible, requiring enormous amounts of specialized processors, massive security infrastructures and lots of electricity. Over the next decade, electricity demand from these types of data centers is projected to double and by 2040, 14% of global emissions will come from the Information and Communications Technology (ICT) industry, driven by these infrastructures. Over the next 15 years, Amazon.com Inc. ( NASDAQ: AMZN) alone is expected to spend more than $150 billion building new data centers to support its own AI efforts. The U.S. power grid simply won’t be able to handle the increased load without significant investment – Goldman Sachs pegs the required investment at $50+ billion. This comes at a time when the nation is already committed to significant investments to upgrade the grid ( $22 billion since 2021 ) to support the growing demands arising from national initiatives to transition away from natural gas appliances, EV market expansion, crypto mining operations, domestic manufacturing and the increasing need to safeguard against disruptions caused from extreme weather events or heightening risk of cyberattacks. Solutions To Big Problems Can Be Surprisingly Small We've faced similar challenges before; in 2023, we transitioned from incandescent light bulbs to energy-efficient alternatives at the federal level to alleviate power demands on our national infrastructure. Although no individual light bulb posed a substantial problem, the sheer volume made a significant impact. Similarly, AI applications are now emerging, showcasing a wide range of uses and potentially being limited only by their efficiency at scale. The current state of AI mimics the introduction of electricity as it’s posed to enable major new industries and drive economies. Today AI relies heavily on Graphics Processing Units (GPUs), which are specialized processors originally designed to accelerate graphics rendering. The parallel structure of GPUs is also ideal for traditional AI model training of applications and is used broadly in the Artificial Intelligence of Things (AIoT), which raises efficiency concerns at scale. AI companies are effectively over-deploying the most advanced, energy-intensive processors to fulfill some of their simplest application needs. While a one-size-fits-all approach can work in early AI applications, it simply can’t be the sustainable standard for all AI implementations. The inability to adapt the security, scalability and efficiency of AI solutions to specific applications is not unlike driving a tractor trailer to pick up your groceries. While it will certainly do the job it’s not optimized for most tasks as it is tremendously inefficient as well as expensive. It’s this mismatch between application needs that leads to a huge array of unintended consequences. The growing demand for AI is undeniable, but when AI relies on GPUs, the resultant applications overburden our already fragile infrastructure. AI companies need to look for alternative ways to bring application needs into alignment to deviate away from this path that could threaten our infrastructure. Companies like Brand Engagement Network Inc. or BEN (NASDAQ: BNAI), realize this and have optimized their solutions to deliver the power and performance of AI while doing it in a way that can be scalable and supportable. BEN’s ELM – A Solution To The Power Problem So how does BEN do it? Through its Efficient Language Models (ELMs): a combination of sectioning and optimization of language models for specialized tasking. This patent-pending technology concentrates on efficiency and application specialization, which contrasts with more traditional LLMs like those used by OpenAI’s ChatGPT that attempt to generalize everything into an indiscriminate model for generative purposes. Although this may seem like a small distinction, the computational and processing power required in each approach differs significantly. When traditional LLMs utilize all-inclusive models, it means their solutions are not defined. They task their AI solution to address all needs of all challenges or applications. Not only does this increase the likelihood of generated errors but it also demands massive parallel processing and, when operating with the motive of timely responses, necessitates the use of GPUs. BEN’s ELM, on the other hand, focuses on defined application needs and allows a secure, small footprint, and concentrated solution. This means that solutions targeted with the ELM can run with the limited resources of CPUs, which are more readily available, significantly lower cost, and use less processing power. Dependencies on CPUs provide many more deployment options, including SaaS, Private Cloud, Mobile, and On Prem solutions where industries such as Healthcare and Financial Services have struggled to minimize the potential risk of data breaches and leakages. Typically, CPUs are significantly cheaper to deploy & operate, already established in the market, and most importantly, available in large quantities. This is not the case with GPUs, which are in the midst of an availability issue that has even forced Elon Musk to get creative with the procurement of these processing units for his various companies. ELM + RAFT: Powerful Yet Efficient Combination BEN’s ELM also augments RAFT (Retrieval Augmented Fine-Tuning) systems to ensure its applications are reliable, predictable and efficient. A significant challenge posed by AI is the risk of ‘hallucinations’ where AI gives misleading or outright false answers as a result of the AI being built on unknown data sources and designed to generate a response no matter what. Hallucinations are a lot like the wasted heat energy from incandescent lights. They still demand the same power to generate the response but are an unintended consequence of traditional LLM technology. Some estimations indicate that hallucinations can occur as often as 27% of the time. BEN’s ELM draws from carefully selected and validated data sets, meaning false information cannot be presented or retrieved unless explicitly intended. "More than generative AI, we like to call it retrieval AI," said Paul Chang, BEN’s Co-CEO, in a recent interview. BEN’s use of much smaller data parameters than larger models like ChatGPT enables it to offer AI that is scalable and can be tailored to specific use cases at a lower cost and with less energy demands and waste. BEN’s CPU-friendly and hallucination-averse approach has not been lost on its growing customer base, which is drawn to BEN because of its innovative and purposeful AI, optimized for efficiency, scalability and security. From healthcare to financial services, BEN customers choose BEN for a multitude of reasons. AI has the potential to change the world for the better, but it has to be done in a way that is conducive to our infrastructure and our environment. With growing demands on the grid, companies like BEN are bringing powerful and impactful AI to the masses – all the while ensuring it can be supported in the long term. Featured photo by Zosia Szopka on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 10, 2024 08:45 AM Eastern Daylight Time

Image

Bitdeer (NASDAQ: BTDR) Announces Strategic Ohio Land Deal, Expands Power Capacity To 2.5 GW Amid AI And HPC Push

Benzinga

By Gerelyn Terzo, Benzinga Energy is critical to the Bitcoin mining process. Without it, Bitcoin miners wouldn’t be able to access the massive amounts of computing power required to secure the blockchain. The Bitcoin community also relies on miners to bring new Bitcoin into supply and maintain proper liquidity in the market. While the Bitcoin price has retreated from its record high of $70,000, the bulls could regain control at any moment. Some, like Standard Chartered, are even forecasting that the price of Bitcoin could hit an all-time high in August. For miners to optimize their profits, they need to find cheap, scalable power sites. On cue, Bitcoin mining leader Bitdeer Technologies (NASDAQ: BTDR) has enhanced its competitive position with a new 570-MW power agreement in the U.S. Midwest for the energy-intensive process of Bitcoin mining. Through a new partnership with Ohio’s Monroe County Port Authority (MCPA), Bitdeer is bolstering its power access in the Buckeye State and potential to grow its computing power for either Bitcoin mining or high-performance computing. Bitdeer has signed a 30-year lease agreement for a Bitcoin mining facility strategically located in Clarington, Ohio, giving the company access to a power facility that was previously used for aluminum production. The facility is situated in a relatively cooler climate – one that is conducive to Bitcoin mining and helps to maximize efficiency for computing.. As a result of the expansion, Bitdeer will harness up to 570 MW of additional power capacity, bolstering its total infrastructure development pipeline to 2.5 GW globally. As lessor of the property for the next three decades, Bitdeer will benefit from existing power infrastructure, including utility switchyards and transmission lines, which can accommodate Bitdeer’s hyperscale computing load. Of the additional 570 MW of power capacity, Bitdeer expects the first 266 MW to be available in Q3 2025, with the balance of the power under review to be officially integrated into the regional transmission planning process. The site could also support broader partnerships amid soaring demand for electricity access for generative artificial intelligence (AI) and machine learning applications. Bitdeer’s platform is used for Bitcoin mining, high-performance computing (HPC) and AI, allowing users to process data speedily and effectively. The company, which is run by Jihan Wu, an early-mover in ASIC development, recently unveiled SEAL01, Bitdeer’s first chip that amplifies Bitcoin mining efficiency. “The strategic location of the Hannibal Industrial Park, combined with its ready-to-use infrastructure, significantly expands our existing power capacity and supports our growth ambitions in Bitcoin mining and HPC and AI," said Linghui Kong, Bitdeer’s Chief Business Officer. Monroe County’s Economic Development Committee expressed its excitement to have Bitdeer join its community. Additionally, Taylor Stepp, Ernst & Young’s Investment, Credits and Incentives Manager, cheered the development, noting that a great deal of hard work made the partnership possible. For its part, Monroe County has been capitalizing on opportunity zones for the past several years in an effort to lure high-tech data centers to the area. Meanwhile, the state of Ohio has made strides on the green energy front, including a partnership between the University of Dayton and utility AES Ohio for an innovative waste-to-heat renewable power project. Bitdeer operates six Bitcoin mining facilities globally across 895 MW of electricity capacity as of Q1 2024. Bitdeer’s stock gained on the announcement of the partnership on June 28. Wall Street Analysts Bullish On Bitdeer Stock Amid Near-Term Catalysts As a blockchain stock, Bitdeer has captured the attention of Wall Street analysts of late as the company continues to make progress on its strategic, innovation-driven roadmap. Most recently, Roth MKM analyst Darren Aftahi reissued his “buy” rating on Bitdeer stock with a $14 price target, compared to the stock’s current price of about $12. Other sell-side analysts have also shared their bullish thoughts on the stock, including Benchmark, BTIG Research and HC Wainwright, all of which have similarly set “buy” ratings on BTDR shares over the past few months. The company, as mentioned previously, also recently unveiled SEAL01, its first chip that amplifies Bitcoin mining efficiency. Cantor Fitzgerald lifted its rating on the stock to an “outperform” in June, citing the company’s diversified business model and the potential of its commercial Bitcoin mining rig division, which is in addition to its proprietary Bitcoin mining operations. As mentioned earlier, market prognosticators predict the price of Bitcoin will reach yet another fresh all-time high this year, owing to historical trends and strengthening demand, according to a CCData report. In response, miners are chomping at the bit to expand access to electricity. Bitdeer’s pioneering industry position could allow the company to support the Bitcoin mining industry in the next wave of price growth and technical innovation in the blockchain space with its in-house chip development and massive power pipeline. Featured photo by geralt on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 10, 2024 08:45 AM Eastern Daylight Time

Image

Panther Minerals (OTC: GLIOF) May Be Poised To Benefit Amid Nuclear Power Push For AI Data Center Growth

Panther Minerals Inc.

By Gerelyn Terzo, Benzinga At the intersection of society’s most cutting-edge technologies – artificial intelligence (AI) and nuclear power – could lie the future economic engine driving growth for decades to come. With an AI revolution unfolding, nuclear power could be the dark horse that powers technology server farms to their next phase of growth in the United States and beyond. With over 100 million weekly users, OpenAI’s ChatGPT chatbot ignited the frenzy around generative AI. Companies have been jockeying for position to stay ahead of the chatbot pack ever since. Technology leaders, including Google (NASDAQ: GOOG), Facebook (NASDAQ: META), Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and others are pouring tens of billions of dollars into AI to sustain soaring demand. The pace isn’t expected to slow anytime soon, as by 2025, corporations are predicted to direct $200 billion globally into generative AI technology, if not more, according to Goldman Sachs, as they continue to generate profits. But for all of its potential, AI is nothing without efficient data centers – strategically located facilities that host the servers that power AI. Data centers are where the infrastructure required to train the sophisticated algorithms behind AI is housed. They consume massive amounts of power to do this. For example, AI-fueled searches command 10 times more energy than traditional internet searches, while demand is poised to double by 2030. Rene Haas, CEO of semiconductor maker ARM Holdings (NASDAQ: ARM), believes that by 2030, artificial intelligence could consume 25% of U.S. electricity. ChatGPT’s estimated 180 million+ users underscore this rising demand. As countries around the world race to reduce emissions to meet net zero targets, this energy consumption is raising concerns among many. In response, clean power sources have been thrust into the spotlight as entire countries scramble to meet the rising electricity demand generated by the growth of AI on top of existing consumption. What makes nuclear power an attractive option for power generation is its ability to generate more electricity on less land compared with any other clean energy source, including wind turbines and solar panels. To meet the rising energy demand sustainably, companies like Vancouver, BC-based Panther Minerals (OTC: GLIOF) (CSE: PURR) (FSE: 2BC) are engaged in the exploration and development of uranium, the key fuel required for the production of nuclear energy. As a result, Panther could be uniquely positioned to ride the AI data center wave for years to come. Could Nuclear Power And AI Data Centers Go Hand In Hand? Fortunately, there’s no shortage of nuclear power, which is second only to the production of hydropower in the United States, the biggest producer of nuclear power on the planet. However, the U.S. also sources the lion’s share of uranium, a key ingredient in nuclear power generation, from imports, roughly half of which originates from geopolitically unstable regions of the world like Russia, Kazakhstan and Uzbekistan. Panther Minerals seeks to onshore supply – its flagship project is a district-scale uranium exploration and development initiative in Western Alaska. Originally discovered in the 1970s, the Boulder Creek Deposit is the most northerly known sandstone-type property in the world that, based on historical non-NI 43-101 compliant drilling results, may contain viable amounts of uranium for exploitation. Exploration in this field has been paused for the better part of two decades until now. Since then, a consolidation of mining districts near Boulder Creek has bolstered the entire land package by approximately 75 times to over 9,000 hectares. Following a reevaluation of geological data, Panther Minerals believes there’s significant potential for uranium extraction on this property, given innovations in drilling techniques. Panther plans to also leverage the millions of dollars that have historically been invested in exploration in this field, setting the stage for large-scale exploration of uranium. Earlier this year, Panther expanded its footprint on the Boulder Creek property, including an option to purchase 100% ownership interest in the Boulder Creek property. Most recently, the company initiated satellite imagery over the uranium field. The survey will provide key insights about the potential of the deposit ahead of the phase one work program starting this summer. Panther is far from alone in its pursuit of uranium exploration. Generative AI pioneer Sam Altman, who is at the helm of OpenAI, is similarly bullish on the role of nuclear power in the powering of data centers to advance AI technologies. His vision involves the use of fission reactors for the deployment of clean energy to deliver electricity to AI data centers around the world. In line with that, Altman secured his other company, a startup named Oklo, to deliver 100 MW of energy to data center company Wyoming Hyperscale. Uranium Demand On The Rise Global uranium demand is forecasted to continue to rise, The World Nuclear Association's 2023 Nuclear Fuel Report’s Reference Scenario shows a 28% increase in uranium demand over 2023-30 (for an 18% increase in reactor capacity, indicating many new cores will be required). Furthermore, while demand is expected to constantly grow till 2035, supply is expected to drop over time, according to a 2021 report from Statista, which forecasted that new assets will be required to fill the supply gap. Small wonder, then, that uranium prices hit a 16-year high earlier this year on the back of supply concerns from Kazakhstan. American uranium developers currently also have regulatory winds in their sails. Earlier this year, the Biden Administration passed the Prohibiting Russian Uranium Imports Act, which, as the name suggests, blocks the importation of this fuel from Russia. Instead, the U.S. government is advocating for the expansion of domestic uranium enrichment, an opportunity for which companies like Panther Minerals are preparing. Earlier this year, the federal government also said it would provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan last month – a potential customer for Panther Minerals. As such, Panther Minerals may not only be positioned to benefit from the rising demand for uranium for nuclear power generation but also to bring the United States closer once again to energy independence. Investors who want to participate in this exciting juncture for generative AI may want to consider gaining exposure through uranium exploration companies like Panther Minerals, who hope to be a catalyst in adding domestic uranium supply for AI data center growth in the U.S. market and beyond. Featured photo by Burghard on Pixabay. Panther Minerals is a mineral exploration company actively involved in the exploration of its North American project portfolio. The acquisition of the Boulder Creek option reflects the Company’s continuing intention of pursuing advanced, high-quality prospective uranium projects that can be readily worked on and efficiently explored in a timely manner. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Panther Minerals Inc. (“Panther Minerals” or the “Company”) has paid for and sponsored this coverage. Omni8 Communications Inc. has been paid CAD$125,000 plus GST to provide online advertisement coverage for Panther Minerals for two months beginning June 1st 2024.This article is for informational purposes only and does not constitute a solicitation or offer. The accuracy of the information is not guaranteed. Consult with your financial advisor before making any decisions relating to Panther Minerals Ltd. or any other company named herein. Unauthorized use, disclosure or distribution of this article is prohibited. IPanther Minerals Ltd. and Omni8 Communications Inc. are not liable for errors or omissions in this article. Contact Details Robert Birmingham President and CEO info@pantherminerals.ca Company Website https://pantherminerals.ca/

July 10, 2024 08:30 AM Eastern Daylight Time

Image

Ryvid offers Power Controller Upgrade to boost performance of its Anthem and Outset Electric Motorcycles

Ryvid, Inc

Ryvid – the California-based Electric Motorcycle manufacturer – is offering customers the opportunity to transform their riding experience by ordering the Power Controller Upgrade by Accelerated Systems Inc for their Anthem or Outset Electric Motorcycles. New customers are able to configure their order for a new Ryvid Anthem or Outset to have the ASI Controller fitted at Ryvid’s Californian assembly facility. Alternatively, existing owners are able to install the ASI Controller to their Anthem as a DIY project or by requesting a visit from a Ryvid technician. Testing by Ryvid engineers found that the ASI Controller provided faster acceleration thanks to a significant increase in power and torque delivery. Peak torque at the wheel using the stock 4.7:1 final drive saw output rise from 250 ft-lb for the stock controller to 334 ft-lb using the Power Controller Upgrade by ASI. Similarly, peak horsepower jumped from 20hp to 27hp. And the best part: no negative effect to the battery range. In fact, the Power Controller Upgrade by ASI not only makes the Ryvid Anthem and Outset models more entertaining to ride, but also more highway capable thanks to the improved acceleration and torque. It's worth noting that, given the performance increase, the Power Controller Upgrade by ASI is recommended for experienced riders. However, both the Ryvid Anthem and Outset models retain their selectable riding modes, allowing riders to choose either Sport or Eco modes. When set to Eco, the power delivery is softened somewhat and regenerative braking is provided. In Sport mode, the rider can experience the full performance of the 72V air-cooled, brushless DC motor and removable 4.3kWh battery with integrated charger. In Sport mode, regenerative braking is stronger and can be further increased by a rider selected trigger. To create the “ultimate urban slayer,” the Power Controller Upgrade by ASI can be fitted to any new Ryvid Anthem or Outset ordered directly from the company website. As a limited time promotional offer, Outset orders placed before July 31, 2024 will receive the ASI Controller for free. New or current owners of the Ryvid Anthem can order the $800 controller via the website’s Shop tab at ryvid.com/collections/bike-accessories. For full disclosure: DIY installation is not for beginners. Owners will need to install the supplied secondary wiring harness to power the Power Controller Upgrade by ASI. It isn’t a simple plug 'n play installation but there is a video to guide owners at ryvid.com. Installation is estimated at approximately three hours. Alternatively, contact the Ryvid support team to request installation by a Ryvid technician for a service fee. Riders and media who have been able to experience and review the Ryvid Anthem with ASI Controller have all reported very positively on the available performance, elevating their positive impressions of the highly affordable electric motorcycle, which is available at $6,495 for the Anthem or $5,995 for the new Outset. AMERICAN BUILT The Ryvid Anthem Electric and Ryvid Outset Electric are available to order now from ryvid.com. The $6,495 Anthem is available for immediate delivery in a choice of five colors, while deliveries of the $5,995 Outset will begin in the Summer. It can be specified in either Sector Red or Vapor Grey. Please note, riders must have a motorcycle license to ride the Anthem or Outset. The Anthem and Outset share a rigid steel backbone frame, instrument display, removable 4.3kWh battery with integrated charger, 72V air-cooled, brushless DC motor, controller, and sealed belt drive. Both machines are capable of 75mph+ top speed and will provide up to 75 miles range*. The battery can be charged quickly from both 110V and 220V power supplies. Outset has an 33” seat height but its compliant suspension and narrow cushion mean it will comfortably accommodate a range of riders. The Anthem seat is adjustable from 31-34” to accommodate an even wider range of riders. Weighing just 313 and 315 lb, respectively, the Anthem and Outset share featherweight architecture and a low center of gravity. With the major components positioned at axle level, both bikes exhibit extraordinary handling characteristics, making them extremely easy to change direction at high speed or maneuver at low speed. Another benefit of electric power is the Ryvid Reverse Drive. At the push of a button when stopped, the rider is able to move the motorcycle backwards at walking speed to extricate it from perhaps a tight parking position or awkward slope. *Quoted range was established using the recognized Urban Dynamometer Driving Schedule. Battery range may vary and can depend on conditions such as rider weight, cargo weight, speed, temperature, wind, tire pressure, terrain, incline, etc. ABOUT RYVID Ryvid is a cutting-edge manufacturing corporation in the high-growth field of Electric Light Vehicles. Founded by enthusiasts, engineered by innovators, and designed by aerospace industry gearheads, the Ryvid mission is to create more sustainable and enjoyable personal mobility. The company name was derived by merging Rhythm and Avid; elements of motion and emotion that define the experience of using our products. Ryvid produces revolutionary, lightweight, affordable electric motorcycles with a significantly lower carbon footprint than its competitors. With the same innovation applied to all models, Ryvid is poised to revolutionize urban commuting. Ryvid products are designed and assembled in California. For further information, please visit ryvid.com The Ryvid Anthem is available for delivery now at $6,495. The new Ryvid Outset is available at $5,995, with deliveries beginning Summer 2024. Contact Details Greg Emmerson greg@theidagency.com Company Website https://ryvid.com/

July 09, 2024 06:05 AM Pacific Daylight Time

Image

US Gold Corp CEO highlights CK Gold Project's strategic and environmental advantages

US Gold Corp

US Gold Corp CEO George Bee joined Proactive's Stephen Gunnion with the latest developments at the company's CK Gold Project in Wyoming. Bee highlighted the strategic advantages of the project's location, emphasising Wyoming's resource-friendly environment and infrastructure. The state supports mining activities, which align well with US Gold Corp's operations, making it a favourable jurisdiction. Bee elaborated on the project's environmental benefits, noting the absence of hazardous chemicals and smokestack emissions. The mining process involves extracting rock, processing it into concentrate, and shipping it to a smelter, minimising environmental impact. Additionally, the project utilises a dry stack tailings system to recycle water, addressing water scarcity issues and avoiding the risks associated with traditional containment dams. US Gold Corp has already secured an industrial siting permit and a conditional mine operating permit, contingent on obtaining water discharge, reclamation bond, and air quality permits. The first two conditions have been met, and the air quality permit is expected soon. Next steps include integrating permitting conditions into engineering studies and engaging with local suppliers. The project's proximity to major highways and cities facilitates access to equipment and skilled labour, enhancing its attractiveness and feasibility. Bee concluded by expressing confidence in the project's progress and its potential benefits to the local economy and environment. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

July 08, 2024 01:05 PM Eastern Daylight Time

Video

1 ... 23 24 25 26 27 ... 310