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On February 7th, Tang Wenkan, Director of the Shanghai Municipal Commission of Economy and Information Technology, stated that Shanghais confidence in the field of artificial intelligence stems from four major advantages: industrial cluster collaboration, mega-city scenarios, a large-scale talent supply, and a complete industrial and financial system. Going forward, Shanghai will focus on three key areas for continued optimization. First, further strengthening the industrial chain. In Shanghai, good models have no shortage of computing power, good applications have no shortage of corpora, and good products have no shortage of chips. Shanghai possesses nearly 10% of the nations computing power, operates the nations first public corpus platform, has launched 138 registered large-scale models, and achieved breakthroughs in multiple intelligent computing chips. In recent years, Shanghai has issued 1 billion yuan annually in computing power vouchers, corpus vouchers, and model vouchers, continuously implementing a series of initiatives including "Speeding Up Shanghais Models, Gathering Power in Shanghais Models, and Accelerating Intelligent Development of Models," and the AI4S "100 Teams, 100 Projects" program. Particularly in the field of embodied intelligence, nearly 40 humanoid robots from Shanghai have moved from the laboratory into daily life, empowering the real economy. Last year, Shanghai Zhiyuan ranked first globally in humanoid robot shipments.February 7 – The Federal Aviation Administration (FAA) announced the conclusion of its investigation into the anomaly surrounding SpaceXs Falcon 9 rocket. The investigation confirmed that there were no injuries or damage to public property, and the FAA has approved the Falcon 9 rockets return to service. The rocket will proceed with its scheduled launch of the latest crewed Dragon spacecraft mission.February 7th - According to State Grid Corporation of China, on February 6th, Zhang Zhigang, Chairman and Party Secretary of State Grid Corporation of China, and Zhang Wenfeng, General Manager and Deputy Party Secretary, held talks at the company headquarters with Jiang Yi, Chairman and Party Secretary of China Huadian Corporation, and Ye Xiangdong, General Manager and Deputy Party Secretary. Both sides stated that, focusing on the "15th Five-Year Plan" development, they will deepen pragmatic cooperation, promote the development and transmission of clean energy from large-scale clean energy base projects such as the "Shagohuang" area, promote the deep integration of technological and industrial innovation, accelerate the construction of a unified national electricity market, and promote high-quality development of energy and power.A Ukrainian security official said: "Ukrainian drones attacked a Russian factory that produces missile fuel components."February 7th - According to sources, the EU is exploring new sources of defense funding after a €150 billion ($177 billion) loan program was oversubscribed. The sources indicated that discussions are still in the early stages, as the European Commission is still disbursing funds for existing loan programs. They also stated that officials expect the fund to have billions of euros remaining due to discrepancies between national applications and final contracts. However, the sources indicated that once the funds run out this spring, the Commission will assess the process and study the feasibility of another round of financing, which may include a second loan program.

Bitcoin Falls 7.2% to $28,758

Skylar Shaw

May 12, 2022 09:58

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At 22:05 GMT on Wednesday, bitcoin was down 7.23 percent to $28,758.29, a loss of $2,241.68 from its previous closing.


Bitcoin, the world's most popular cryptocurrency, is down 40.4 percent from its all-time high of $48,234 on March 28.


On Wednesday, the cryptocurrency tied to the Ethereum blockchain network, fell 11.56 percent to $2,071.46, a loss of $270.66 from its previous closing.