ITBEAR

Apple Unveils MM1.5: A 300-Billion-Parameter AI Model for Advanced Image Recognition and Language Reasoning

October 13, 2024 – Apple has recently unveiled its latest multi-modal AI model, MM1.5, boasting an impressive 300 billion parameters. This advanced model is an evolution of its predecessor, MM1, built upon the same fundamental architecture. Continuing with a data-driven training approach, MM1.5 explores the impact of mixing various data types during different training cycles…

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Northvolt Seeks €200 Million in Funding Amid 20% Global Layoffs

October 13, 2024 – According to Reuters, on Friday local time, three informed sources revealed that Northvolt, the Swedish electric vehicle battery manufacturer, is currently engaged in negotiations with investors and lending institutions to raise approximately 200 million euros in short-term funding, aiming to maintain the company’s financial stability. This week, Northvolt initiated financing talks…

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Li Ke of BYD: Competition Fortifies Chinese Automakers, While European Rivals Shun It

October 12, 2024 – In an interview with German media, Li Ke, the Executive Vice President of BYD, asserted that the intense competition in the market has rendered Chinese automakers “exceptionally competitive,” whereas European automakers, on the other hand, are averting competition. Li Ke Li Ke spoke to the Frankfurter Allgemeine Zeitung’s Sunday edition regarding…

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Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion

October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…

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