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Eric Schmidt Apparently Bought Relativity Space To Put Data Centers in Orbit

2 weeks 3 days ago
An anonymous reader shares a report: In the nearly two months since former Google chief executive Eric Schmidt acquired Relativity Space, the billionaire has not said much publicly about his plans for the launch company. However, his intentions for Relativity now appear to be increasingly clear: He wants to have the capability to launch a significant amount of computing infrastructure into space. We know this because Schmidt appeared before the House Committee on Energy and Commerce during a hearing in April, speaking on the future of AI and US competitiveness. Among the topics raised then was the need for more electricity -- both renewable and non-renewable -- to power data centers that will facilitate the computing needs for AI development and applications. Schmidt noted that an average nuclear power plant in the United States generates 1 gigawatt of power. "People are planning 10 gigawatt data centers," Schmidt said. "Gives you a sense of how big this crisis is. Many people think that the energy demand for our industry will go from 3 percent to 99 percent of total generation. One of the estimates that I think is most likely is that data centers will require an additional 29 gigawatts of power by 2027, and 67 more gigawatts by 2030. These things are industrial at a scale that I have never seen in my life."

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UK Preparing To Ban Consumers From Buying Crypto With Borrowed Funds

2 weeks 3 days ago
The UK financial regulator is preparing to ban retail investors from using borrowed funds such as credit card balances to invest in cryptocurrency as it seeks to overhaul supervision of the fast-growing digital assets market. The Guardian: The soaring values of virtual currencies such as bitcoin after Donald Trump's election have put pressure on the Financial Conduct Authority (FCA) to take a tougher line while it also lays the groundwork for the industry to flourish in the UK. According to a recent YouGov survey, the proportion of people in the UK using borrowed funds to make crypto purchases more than doubled from 6% in 2022 to 14% last year. Borrowing to fund investments, when asset values could change dramatically, meant consumers risked losing their entire investment and potentially other assets, such as their home. These characteristics closely resembled gambling, the Treasury committee found.

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Apple, Anthropic Team Up To Build AI-Powered 'Vibe-Coding' Platform

2 weeks 3 days ago
An anonymous reader shares a report: Apple is teaming up with startup Anthropic on a new "vibe-coding" software platform that will use AI to write, edit and test code on behalf of programmers. The system is a new version of Xcode, Apple's programming software, that will integrate Anthropic's Claude Sonnet model, according to people with knowledge of the matter. Apple will roll out the software internally and hasn't yet decided whether to launch it publicly, said the people, who asked not to be identified because the initiative hasn't been announced. The work shows how Apple is using AI to improve its internal workflow, aiming to speed up and modernize product development. The approach is similar to one used by companies such as Windsurf and Cursor maker Anysphere, which offer advanced AI coding assistants popular with software developers. Further reading: 'Vibe Coding' is Letting 10 Engineers Do the Work of a Team of 50 To 100, Says YC CEO.

Read more of this story at Slashdot.

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