Monthly Archives: March 2024

Donald Rainwater to lead Indiana Libertarian ticket as party chooses its 2024 nominees – WFYI

Posted: March 10, 2024 at 5:54 am

Donald Rainwater was the Libertarian Party of Indiana's nominee for governor in 2020, earning the highest vote total for a Libertarian candidate in state history.

The Indiana Libertarian Party chose its 2024 nominees for governor, lieutenant governor and U.S. Senate this weekend and the ticket includes some familiar names.

Donald Rainwater will lead Indianas Libertarian Party ticket, making a second consecutive run for governor. In 2020, Rainwater a software engineer garnered the highest vote total by a Libertarian candidate in state history, earning more than 11 percent in the gubernatorial race.

His running mate is Tonya Hudson, a southern Indiana real estate broker who previously ran as a Libertarian for Congress in 2020 and 2022.

And the Libertarian Partys nominee for U.S. Senate this year is perennial candidate Andrew Horning. Horning has run for Senate once before, in 2012. Hes also been the partys nominee for governor twice and run for Congress as a Libertarian five times.

Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 765-275-1120. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues, including our project Civically, Indiana.

Ballot access in Indiana is determined by the number of votes earned in the race for secretary of state.

While Libertarians have automatic ballot access, they have not garnered enough votes to have primary elections. The partys nominees are chosen at a state convention.

Brandon is our Statehouse bureau chief. Contact him atbsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

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Donald Rainwater to lead Indiana Libertarian ticket as party chooses its 2024 nominees - WFYI

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Bitcoin Reaches Record High of $69,000, Recovering from 2022 Meltdown – The New York Times

Posted: at 5:54 am

Bitcoin hit a record high of more than $69,000 on Tuesday, capping a remarkable comeback for the volatile cryptocurrency after its value plunged in 2022 amid a market meltdown.

Bitcoins price has risen more than 300 percent since November 2022, a resurgence that few predicted when the price dropped below $20,000 that year. Its previous record was just under $68,790 in November 2021, as crypto markets boomed and amateur investors poured savings into experimental digital coins.

The cryptocurrency was pronounced dead for the 150th time, said Cory Klippsten, the chief executive of Swan, a financial services firm focused on Bitcoin. And Bitcoin continues to do what Bitcoin does, which is win people over as they take the time to actually learn about it.

Bitcoins recent surge has been driven by investor enthusiasm for a new financial product tied to the digital coin. In January, U.S. regulators authorized a group of crypto companies and traditional finance firms to offer exchange-traded funds, or E.T.F.s, which track Bitcoins price. The funds provide a simple way for people to invest in the crypto markets without directly owning the virtual currency.

As of last week, investors had poured more than $7 billion into the investment products, propelling Bitcoins rapid rise, according to Bloomberg Intelligence.

The price of Ether, the second-most-valuable digital currency after Bitcoin, has also risen more than 50 percent this year, reaching about $3,800. Its increase has been driven partly by enthusiasm over the prospect that regulators may also approve an E.T.F. tied to Ether.

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Bitcoin Reaches Record High of $69,000, Recovering from 2022 Meltdown - The New York Times

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What to Know About Bitcoins Record High in Latest Crypto Surge – The New York Times

Posted: at 5:53 am

Cryptocurrency enthusiasts celebrated on Tuesday, as the price of Bitcoin reached a record high of more than $69,000. For believers, it was a moment of vindication after a 2022 industry downturn that sent several major companies into bankruptcy and tainted cryptos reputation.

But is crypto really back from the dead? While the numbers suggest the industry is starting to thrive again, there are major differences between this bull run and the euphoria that drove crypto prices to previous highs.

Heres what to know about the new crypto surge.

The last time Bitcoin hit a record was November 2021, as cryptocurrencies became a cultural phenomenon. Crypto executives hung out with celebrities, and their companies conducted giant marketing campaigns featuring Super Bowl commercials.

Prices crashed in the spring of 2022 as some of the most prominent crypto firms were exposed as frauds. People who had poured their savings into crypto lost everything. The decline culminated in November 2022 when the FTX crypto exchange, founded by Sam Bankman-Fried, collapsed after the equivalent of a bank run, costing customers $8 billion.

Since then, Bitcoin has been on a tear. After hitting a low of roughly $16,000 after FTXs implosion, the virtual currencys price has soared to $69,000.

A major turning point for the crypto industry arrived in August when a court ruling paved the way for financial firms to offer new investment products tied to the price of Bitcoin. The products, called exchange-traded funds, or E.T.F.s, gave investors a way to dabble in cryptocurrencies without owning them directly.

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BlackRock’s Global Allocation Fund Eyes Spot Bitcoin ETFs, Expects Institutional Uptake to Drive BTC Above $600k – TradingView

Posted: at 5:52 am

ZyCrypto

BlackRock, one of the worlds largest asset managers with over $9 trillion assets under management, is positioning itself to capitalize on the growing interest in Bitcoin by filing to add spot Bitcoin ETFs to its Global Allocation Fund (MALOX), according to an SEC filing on March 7.

This move marks a significant development in the institutional adoption of Bitcoin, as BlackRock seeks to invest in spot Bitcoin ETFs listed and traded on national exchanges, including its own iShares Bitcoin Trust (IBIT) and ETFs issued by other institutions.

The fund may acquire shares in ETPs that seek to reflect generally the performance of the price of Bitcoin by directly holding bitcoin Bitcoin ETPs including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock, Blckrock said in a statement.

Blackrocks Growing Interest in Bitcoin

The decision to invest in spot Bitcoin ETFs comes as BlackRocks IBIT has seen a remarkable increase in Bitcoin holdings since its approval on January 11,2024.

The funds Bitcoin holdings have surged from 2,621 on January 11 to 187,531 as of March 7, representing a growth rate of over 7,000%. This substantial increase in Bitcoin holdings underscores BlackRocks bullish outlook on the digital asset.

BlackRocks confidence in Bitcoin is further highlighted by its belief that the optimal allocation for Bitcoin in a portfolio should be approximately 84.9%. This view aligns with the growing sentiment among institutional investors that Bitcoin is a viable store of value and a hedge against inflation.

Institutional Uptake and BTC Price Prediction

The approval of spot Bitcoin ETFs is expected to drive further institutional uptake of Bitcoin. Ernst & Young estimated that approximately $200T of institutional asset managers were sceptical about Bitcoin until the spot ETFs were greenlighted.

With more institutions entering the market, Ark Invests Cathie Wood speculates that Bitcoins price could surpass $600,000.

The approval of spot Bitcoin ETFs could have a significant impact on the market. Even with a conservative 0.5% allocation into Bitcoin by the $200 trillion institutional funds, Bitcoin could see a market cap increase of over $1 trillion. This influx of institutional capital could drive Bitcoins price to new all-time highs.

At the time of writing, Bitcoin was trading at $68,220, showing a slight pullback from its recent record highs. However, with the growing institutional interest and the approval of spot Bitcoin ETFs, Bitcoins price trajectory remains optimistic, with the potential to reach new all-time highs.

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Miners continue money-conscious moves ahead of the Bitcoin halving – Blockworks

Posted: at 5:52 am

While one bitcoin miner revealed Wednesday it seeks to reduce costs by closing one of its facilities, another looks to bolster revenue by supporting high-performance computing.

Texas-based Core Scientific, which emerged from bankruptcy in January, said it is set to lease up to 16 megawatts of capacity in its Austin datacenter to cloud provider CoreWeave.

The Core Scientific facility that once housed tech giant Hewlett Packard will now host infrastructure supporting applications in artificial intelligence (AI) and high-performance computing (HPC).

Possible revenue via the CoreWeave deal exceeds $100 million, the company said in a Wednesday news release.

We believe todays Core Scientific has the valuable ability to flex our asset base in order to maximize revenue and earnings, Core Scientific president Adam Sullivan said in a statement. Our diversified business model and leading scale enable us to continue operating as a low-cost bitcoin miner while also expanding our hosting customer base and diversifying our earnings streams.

The multi-year contract with CoreWeave is just the latest example of a large mining player seeking to get more involved in the AI and HPC realms.

Hive Digital Technologies went through an AI-inspired rebrand last July as part of a pivot to high-performance computing. Industry peers Hut 8 and Iris Energy also last year pointed to the segment as a priority.

Read more: Bitcoin miners seek revenue with AI, high-performance computing

Aside from diversifying revenue streams, boosting efficiency and reducing costs has been on the minds of bitcoin miners particularly as mining rewards are set to be cut in half next month.

At the time of the next Bitcoin halving, slated for mid-April, per-block rewards for BTC miners are set to drop from 6.25 BTC to 3.125 BTC.

The halving event occurring roughly every four years is expected to put financial stress on companies in the sector, likely spurring some to shut down operations or look to be acquired.

Coming off its merger with US Bitcoin Corp., Hut 8 said Wednesday it would shutter its Drumheller site in Alberta, Canada.

The move comes about a month after Hut 8 CEO Asher Genoot called out the facility for having an aging fleet and high energy rates. Repeated electrical problems at that site in recent quarters has contributed to decreased bitcoin mining production, executives have noted on earnings calls.

Read more: New Hut 8 CEO prepared to make hard decisions to nix inefficiencies

Genoot said in a statement Wednesday that elevated energy costs and underlying voltage issues has continued to impact the sites profitability.

Our restructuring plan aims to drive maximum value from our assets and position the company for profitable growth, he added.

The sites more efficient miners will move to Hut 8s Medicine Hat facility also in Alberta. Machines with an efficiency worse than 38 joules per terahash (J/TH) will no longer operate, the company noted.

Hut 8 is keeping its lease at the site to give it the option of re-energizing there if market conditions improve.

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Chinese national arrested and charged with stealing AI trade secrets from Google – NPR

Posted: March 8, 2024 at 6:26 am

A former Google engineer was charged with stealing AI technology while secretly working with two China-based companies. Carl Court/Getty Images hide caption

A former Google engineer was charged with stealing AI technology while secretly working with two China-based companies.

A Chinese national who allegedly stole more than 500 files from Google with confidential information on the company's AI technology has been arrested and charged with stealing trade secrets, according to the Justice Department.

The defendant, former Google employee Linwei Ding, was arrested Wednesday morning in Newark, Calif. The 38-year-old faces four counts of theft of trade secrets. Prosecutors say at the same time that Ding was working for Google and stealing the building blocks of its AI technology, he was also secretly employed by two China-based tech companies.

"The Justice Department will not tolerate the theft of artificial intelligence and other advanced technologies that could put our national security at risk," Attorney General Merrick Garland said in a statement. "We will fiercely protect sensitive technologies developed in America from falling into the hands of those who should not have them."

The case is latest example of what American officials say is a relentless campaign by China to try to steal U.S. trade secrets, technology and intellectual property. Officials say China aims to use those stolen secrets to supplant the U.S. as the world's leading power.

"Today's charges are the latest illustration of the lengths affiliates of companies based in the People's Republic of China are willing to go to steal American innovation," said FBI Director Christopher Wray. "The theft of innovative technology and trade secrets from American companies can cost jobs and have devastating economic and national security consequences."

The U.S. is the global leader in AI, an emerging technology that could reshape many facets of modern life.

AI also could become an indispensable tool to help law enforcement protect public safety. But Justice Department officials also have warned of the potential dangers that AI poses to national security if it falls into the hands of criminals or hostile nation states.

The department has also formed a unit to protect advanced American technology such as AI from being pilfered by foreign adversaries.

In Ding's case, the indictment says the trade secrets he allegedly stole are related to "the hardware infrastructure and software platform that allow Google's supercomputing data centers to train large AI models through machine learning."

Google spokesperson Jose Castaneda said the company has "strict safeguards to prevent theft of our confidential commercial information and trade secrets."

"After an investigation, we found that this employee stole numerous documents, and we quickly referred the case to law enforcement," Castaneda said. "We are grateful to the FBI for helping protect our information and will continue cooperating with them closely."

The indictment says Ding was hired at Google as a software engineer in 2019. His work focused on the development of software related to machine learning and AI applications, according to prosecutors.

In May of 2022, Ding allegedly began uploading confidential informationmore than 500 unique files in allfrom Google's network into a personal Google Cloud account.

Prosecutors say Ding tried to hide what he was doing by copying the stolen files first into the Apple Notes application on his laptop, converting them into PDF files and uploading those into his personal Cloud account.

Less than a month later, court papers say, Ding received emails from the head of a Chinese technology company, Beijing Rongshu Lianzhi Technology, with an offer to be the company's chief technology officer.

Ding allegedly traveled to China to help raise money for the company, which worked on AI, and was announced as the company's CTO. A year later, Ding also allegedly founded his own technology company, Zhisuan, that also focused on AI and machine learning.

Prosecutors say Ding never informed Google of his ties to either Chinese company, and continued to be employed by Google.

Then in December 2023, court papers say, Google detected Ding trying to upload more files from the company's network to his personal account while he was in China. Ding allegedly told the company's investigator that he'd uploaded the files as evidence of his work for Google.

A week after being interviewed by the investigator, Ding allegedly booked a one-way ticket to Beijing. He then sent his resignation letter to Google. Shortly after that, the company learned of Ding's role with Zhisuan. Google then suspended his access to the company's networks.

Shortly after that, the FBI began its investigation.

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Revolutionize Your Business with AWS Generative AI Competency Partners | Amazon Web Services – AWS Blog

Posted: at 6:26 am

By Chris Dally, Business Designation Owner AWS By Victor Rojo, Technical Designation Lead AWS By Chris Butler, Sr. Product Manager, Launch AWS By Justin Freeman, Sr. Partner Development Specialist, Catalyst AWS

In todays rapidly evolving technology landscape, generative artificial intelligence (AI) is leading the charge in innovation, revolutionizing the way organizations work. According to a McKinsey report, generative AI could account for over 75% of total yearly AI value, with high expectations for major or disruptive change in industries. Additionally, the report states generative AI technologies have the potential to automate work activities that absorb 60-70% of employees time.

With the ability to automate tasks, enhance productivity, and enable hyper-personalized customer experiences, businesses are seeking specialized expertise to build a successful generative AI strategy.

To support this need, were excited to announce the AWS Generative AI Competencyan AWS Specialization that helps Amazon Web Services (AWS) customers more quickly adopt generative AI solutions and strategically position themselves for the future. AWS Generative AI Competency Partners provide a full range of services, tools, and infrastructurewith tailored solutions in areas like security, applications, and integrations to give customers flexibility and choice across models and technologies.

Partners play an important role in supporting AWS customers leveraging our comprehensive suite of generative AI services. We are excited to recognize and highlight partners with proven customer success with generative AI on AWS through the AWS Generative AI Competency, making it easier for our customers to find and identify the right partners to support their unique needs. ~ Swami Sivasubramanian, Vice President of Database, Analytics and ML, AWS

According to Canalys, AWS is the first to launch a Generative AI competency for partners. By validating the partners business and technical expertise in this way, AWS customers are able to invest with greater confidence in generative AI solutions from these partners. This new competency is a critical entry point into the Generative AI partner opportunity, which Canalys estimates will grow to US$158 billion by 2028.

Generative AI has truly ushered in a new era of innovation and transformative value across both business and technology. A recent Canalys study found that 87% of customers rank partner specializations as a top three selection criteria. With the AWS Generative AI Competency launch, were helping customers take advantage of the capabilities that our technically validated Generative AI Partners have to offer. ~ Ruba Borno, Vice President of AWS Worldwide Channels and Alliances

Leveraging AI technologies such as Amazon Bedrock, Amazon SageMaker JumpStart, AWS Trainium, AWS Inferentia, and accelerated computing instances on Amazon Elastic Compute Cloud (Amazon EC2), AWS Generative AI Competency Partners have deep expertise building and deploying groundbreaking applications across industries, including healthcare and life sciences, media and entertainment, public sector, and financial services.

We invite you to explore the following AWS Generative AI Competency Launch Partner offerings recommended by AWS.

These AWS Partners have deep expertise working with businesses to help them adopt and strategize generative AI, build and test generative AI applications, train and customize foundation models, operate, support, and maintain generative AI applications and models, protect generative AI workloads, and define responsible AI principles and frameworks.

These AWS Partners utilize foundation models (FMs) and related technologies to automate domain-specific functions, enhancing customer differentiation across all business lines and operations. Partners fall into three categories: Generative AI applications, Foundation Models and FM-based Application Development, and Infrastructure and Data.

AWS Generative AI Competency Partners make it easier for customers to innovate with enterprise-grade security and privacy, foundation models, generative AI-powered applications, a data-first approach, and a high-performance, low-cost infrastructure.

Explore the AWS Generative AI Partners page to learn more.

AWS Partners with Generative AI offerings can learn more about becoming an AWS Competency Partner.

AWS Specialization Partners gain access to strategic and confidential content, including product roadmaps, feature release previews, and demos, as part of the AWS PartnerEquip event series. To attend live events in your region or tune in virtually, register for an upcoming session. In addition to AWS Specialization Program benefits, AWS Generative AI Competency Partners receive unique benefits such as bi-annual strategy sessions to aid joint sales motions. To learn more, review the AWS Specialization Program Benefits Guide in AWS Partner Central (login required).

AWS Partners looking to get their Generative AI offering validated through the AWS Competency Program must be validated or differentiated members of the Software or Services Path prior to applying.

To apply, please review the Program Guide and access the application in AWS Partner Central.

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Micron Hits Record High With Analysts Calling It an ‘Under-Appreciated AI Beneficiary’ – Investopedia

Posted: at 6:26 am

Key Takeaways

Micron Technology(MU) shares rose to a record high Thursday as analysts from Goldman Sachs and Stifel raised their price targets on the stock, citing the company's position amid the artificial intelligence (AI) boom.

Shares of Micron closed 3.6% higher at $98.98 Thursday, contributing to a more than 20% increase since the start of 2024.

Goldman Sachs analysts raised their price target for Micron to $112 from $103 with a "buy" rating, saying that the company is an "under-appreciated AI beneficiary."

"We believe Micron is well-positioned to benefit from the proliferation of AI across data centers (i.e. the core) and the edge (e.g. PCs, smartphones) as demand for more compute drives an increase in content," they said.

The analysts noted that the stock's year-to-date gains were more muted compared to those of some of its peers in the compute and networking space, nodding to Nvidia (NVDA) and Arm (ARM). Nvidia shares have nearly doubled while Arm shares have more than doubled in value since the start of 2024.

Stifel analysts indicated that the firm believes consensus estimates are "wrong and too low," adding that it anticipates Micron "breaking out to higher highs, perhaps aided by the most compelling growth-valuation ratio amongst larger cap 'AI' relevant stocks."

The analysts upgraded the stock to a "buy" rating from "hold" and increased its price targetto $120 from $80.

Stifel said that Micron's position amid the AI boom drove the stock upgrade. Generative AI (GenAI) needs high bandwidth memory (HBM), "and Micron now has a seat at the table," Stifel analysts wrote.

Micron announced in February that it began mass production of an HBM chip for Nvidias AIgraphic processing units (GPUs), bolstering its position in the AI ecosystem.

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The Adams administration quietly hired its first AI czar. Who is he? – City & State New York

Posted: at 6:26 am

New York City has quietly filled the role of director of artificial intelligence and machine learning, City & State has learned. In mid-January, Jiahao Chen, a former director of AI research at JPMorgan Chase and the founder of independent consulting company Responsible AI LLC, took on the role, which has been described by the citys Office of Technology and Innovation as spearheading the citys comprehensive AI strategy.

Despite Mayor Eric Adams administration publicizing the position last January, Chens hiring nearly a year later came without any fanfare or even an announcement. The first mention of Chen as director of AI came in a press release sent out by the Office of Technology and Innovation on Thursday morning, announcing next steps in the citys AI Action Plan. OTI Director of AI and Machine Learning Jiahao Chen will manage implementation of the Action Plan, the press release noted.

New York City previously had an AI director under former Mayor Bill de Blasios administration. Neal Parikh served as the citys director of AI under the office of former Chief Technology Officer John Paul Farmer, which released a citywide AI strategy in 2021. Under de Blasio, the city also had an algorithms management and policy officer to guide the city in the development, responsible use and assessment of algorithmic tools, which can include AI and machine learning. The old CTOs office and the work of the algorithms officer was consolidated along with the citys other technology-related offices into the new Office of Technology and Innovation at the outset of the Adams administration.

The Adams administration has referred to its own director of AI and machine learning as a new role, however, and has suggested that the position will be more empowered, in part because it is under the larger, centralized Office of Technology and Innovation. According to the job posting last January, which noted a $75,000 to $140,000 pay range, the director will be responsible for helping agencies use AI and machine learning tools responsibly, consulting with agencies on questions about AI use and governance, and serving as a subject matter expert on citywide policy and planning, among other things. How the role will actually work in practice remains to be seen.

The Adams administrations AI action plan was published in October, and isa 37-point road map aimed at helping the city responsibly harness the power of AI for good. On Thursday, the Office of Technology and Innovation announced the first update on the action plan, naming members of an advisory network that will consult on the citys work. That list includes former City Council Member Marjorie Velzquez, who is now vice president of policy at Tech:NYC. The office also released a set of AI principles and definitions, and guidance on generative AI.

OTI spokesperson Ray Legendre said that an offer for the position of director of AI was extended to Chen before the citys hiring freeze began last October. The office did not explicitly address why Chens hiring wasnt announced when he started the role. Over the past two months, Jiahao has been a key part of our ongoing efforts to implement the AI Action Plan, Legendre wrote in an email. Our focus at OTI over the past few months has been on making progress on the Action Plan which is what we announced today.

According to the website for Responsible AI LLC, Chens independent consulting company, Chens resume includes stints in academia as well as the private sector, including as a senior manager of data science at Capital One, and as director of AI research at JPMorgan Chase.

After City & State inquired about Chens role, Chen confirmed it on X, writing I can finally talk about my new job!

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Artificial intelligence and illusions of understanding in scientific research – Nature.com

Posted: at 6:25 am

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