Search results for "POWER"
Today
10:57

Leading polysilicon company in Xinjiang fined over 100 million yuan for illegally supplying power to virtual currency mining

Gate News reports that on March 26, a leading polysilicon company in Xinjiang (a core raw material for the semiconductor and photovoltaic industries) was fined and had its illegal gains confiscated by regulators for illegally supplying power to virtual currency mining activities. The total penalty exceeded 100 million yuan. It is understood that local authorities are intensifying supervision of virtual currency mining, requiring comprehensive inspections and strictly prohibiting companies from illegally re-selling power in any form. Currently, Xinjiang has explicitly classified virtual currency mining as an industry to be phased out, and related enforcement actions are ongoing.
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10:21

Guangzhou City releases AI industry plan, focusing on key breakthroughs in domestically produced computing chips, blockchain, and privacy computing technologies.

The Guangzhou Municipal People's Government has issued the "Implementation Plan for Promoting High-Quality Development of the Artificial Intelligence Industry in Guangzhou," encouraging breakthroughs in key technologies. The focus is on computing power, data, algorithms, and other areas, promoting AI chips, dynamic scheduling technology, and multimodal data fusion. The plan aims to advance automation toolchains in industrial quality inspection and financial risk control fields.
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00:53

Mercedes-Benz Integrates Domestic AI into Maybach: Zhipu and Tsinghua Collaborate to Develop an Edge-Side Multimodal Large Model for the S-Class

According to 1M AI News monitoring, Mercedes-Benz China announced that an edge-side multimodal large language model jointly developed with Tsinghua University and Zhipu, an AI large model company that listed on the Hong Kong Stock Exchange in January this year, will be deployed in the new generation Maybach S-Class and the new S-Class sedan. The model is deployed in the rear-seat entertainment system, integrating natural language processing with multimodal understanding and generation capabilities in vision, audio, and other modalities. Combined with in-vehicle cameras and other sensing hardware, it completes inference under local computing power conditions. According to Zhipu's official statement, Mercedes-Benz has thus become the first automotive brand to apply a multimodal large language model in a rear-seat entertainment system.
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12:32

BTC Drops 0.57% in 15 Minutes: ETF Capital Deceleration and Derivatives Short Positioning Create Synchronized Selling Pressure

2026-03-25 12:15 to 12:30 (UTC), BTC recorded a -0.57% return within 15 minutes, with price range between 71126.1 to 71751.0 USDT, and amplitude of 0.87%. Market attention increased during this period, with notably intensified volatility, indicating elevated short-term capital participation and shrinking risk appetite. The primary driver of this movement is the marginal slowdown in ETF capital inflows, weakened buying power in the spot market, and some holders choosing to reduce positions at higher levels. Combined with the derivatives market dominated by short positioning structure, negative funding rates persisting, and longs
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BTC-2,61%
10:22

Aethir announces the start of the closed beta phase for Aethir Claw Alpha, a physical-level isolated AI agent hosting platform.

Aethir Claw disrupts traditional custody models by leveraging its own distributed computing power directly, offering isolated VPS environments and a "zero provider access" model to ensure user data sovereignty. The platform comes pre-installed with OpenClaw, plans to integrate crypto-native functionality, and will launch "models-as-a-service" to comprehensively enter the agentic AI application market.
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ATH-1,61%
09:55

South Korea's People Power Party Proposes Canceling Cryptocurrency Tax: Originally Set to Take Effect in 2027 with 22% Tax Rate

South Korea's People Power Party proposes to cancel the 22% cryptocurrency gains tax set to take effect in 2027, arguing that the current tax system is immature and may cause unfairness, particularly affecting young investors. The party is concerned that strict taxation will lead to capital outflows, with 110 billion dollars already flowing out, affecting market activity. The bill is still under review, and whether it will pass remains uncertain. If it passes, it could boost market confidence and attract more investors.
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BTC-2,61%
ETH-4,68%
DOGE-5,76%
09:16

CoreWeave CEO: Early Ethereum Mining GPU Experience Helped Company Transform to AI Infrastructure Sector

CoreWeave founder Michael Intrator stated that the company leveraged GPU application capabilities accumulated through Ethereum mining to successfully transition into an AI computing power provider, achieving a valuation of $43.6 billion. Despite facing scrutiny over debt expansion, Intrator emphasized that innovative financing structures ensure effective cash flow management.
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08:05

The Safest Middleman in the Chip Industry Takes the Most Dangerous Path

Arm launches its self-developed data center CPU AGI CPU, targeting billion dollars in annual revenue by 2031, transitioning from IP licensing to direct chip sales. Facing competitive risks from self-developed chips, Arm hopes that AI-era computing power demand can support its development.
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07:08

Figure Founder Invests $100 Million Out of Pocket for "Personal AI": Former Apple iPhone Air Designer Joins to Build a Series of AI Hardware

Figure CEO Brett Adcock announced the establishment of a new AI lab called Hark, aimed at developing the world's most advanced personal intelligence by integrating multimodal models with customized hardware. Hark has been operating secretly for 8 months, with plans to release its first AI model in summer. The team consists of approximately 45 people, expected to expand to 100, and has reached a computing power partnership with Nvidia. Adcock has previously founded multiple startups, while Figure continues to operate independently.
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