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Intel's New Funding Came From Already-Awarded Grants. So What Happens Next?
The U.S. government's 10% stake in Intel "is a mistake," writes the Washington Post's editorial board, calling Intel "an aging also-ran in critical markets" that "has spent recent years stumbling on execution and missing one strategic opportunity after another."
But TechCrunch points out that the U.S. government "does not appear to be committing new funds. Instead, it's simply making good on what Intel described as 'grants previously awarded, but not yet paid, to Intel.'"
Specifically, the $8.9 billion is supposed to come from $5.7 billion awarded-but-not-paid to Intel under the Biden administration's CHIPS Act, as well as $3.2 billion also awarded by the Biden administration through the Secure Enclave program. In a post on his social network Truth Social, Trump wrote, "The United States paid nothing for these shares..." Trump has been critical of the CHIPS Act, calling it a "horrible, horrible thing" and calling on House Speaker Mike Johnson to "get rid" of it...
According to The New York Times, some bankers and lawyers believe the CHIPS Act may not allow the government to convert its grants to equity, opening this deal to potential legal challenges.
Reuters writes that the money "will not be enough for its contract-chipmaking business to flourish, analysts said. Intel still needs external customers for its cutting-edge 14A manufacturing process to go to production, says Summit Insights analyst Kinngai Chan, "to make its foundry arm economically viable."
"We don't think any government investment will change the fate of its foundry arm if they cannot secure enough customers..."
Reuters has reported that Intel's current 18A process — less advanced than 14A — is facing problems with yield, the measure of how many chips printed are good enough to make available to customers. Large chip factories including TSMC swallow the cost of poor yields during the first iterations of the process when working with customers like Apple. For Intel, which reported net losses for six straight quarters, that's hard to do and still turn a profit. "If the yield is bad then new customers won't use Intel Foundry, so it really won't fix the technical aspect of the company," said Ryuta Makino, analyst at Gabelli Funds, which holds Intel stock.
Makino, who believes that Intel can ultimately produce chips at optimal yields, views the deal as a net negative for Intel compared with just receiving the funding under the CHIPS Act as originally promised under the Biden Administration. "This isn't free money," he said. The federal government will not take a seat on Intel's board and has agreed to vote with the company's board on matters that need shareholder approval, Intel said. But this voting agreement comes with "limited exceptions" and the government is getting Intel's shares at a 17.5% discount to their closing price on Friday. The stake will make the U.S. government Intel's biggest shareholder, though neither Trump nor Intel disclosed when the transaction would happen...
Some analysts say Intel could benefit from the government's support, including in building out factories. Intel has said it is investing more than $100 billion to expand its U.S. factories and expects to begin high-volume chip production later this year at its Arizona plant. "To have access to capital and a new partial owner that wants to see you succeed are both important," said Peter Tuz, president of Chase Investment Counsel.
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New Zealand Air Traffic Control Failure Likely Caused By Data Transfer Issue
Last weekend New Zealand experienced an hour-long air traffic control failure that disrupted flights, leaving five plans circling and four others unable to take off, according to Radio New Zealand.
The country's sole air traffic service provider, Airways, now says it was caused by a software glitch when flight data was unable to be transferred between systems:
[Airways chief executive James Young told Morning Report] "We noticed that was not occurring as it should and as a result of that our air traffic controllers took measures to manage traffic, either by holding on the ground or in an air hold." Airways operated a modern air traffic control system that involved back up systems but Young said they were not instantaneous and it took time to validate flight information data.
"At no point did we lose control of all aircraft. We were able to communicate with all aircraft and we had line of sight of all aircraft," Young said. He said flights in the New Zealand air space were held, put into a hold with two eventually continuing on and three returning to origin... "What we couldn't do was process any changes to the flight path during the period of the outage, which lasted for about one hour."
Thanks to Slashdot reader twosat for sharing the news.
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Nvidia Release Massive AI-Ready Open European Language Dataset and Tools
"Only a tiny fraction of the more than 7,000 languages on Earth are supported by artificial intelligence models," reported SiliconANGLE this week. So Nvidia announced "a massive new AI-ready dataset and models to support the development of high-quality AI translation for European languages."
The new dataset, named Granary, is a massive open-source corpus of multilingual audio, including more than a million hours of audio, plus 650,000 hours of speech recognition and 350,000 hours of speech translation. Nvidia's speech AI team collaborated with researchers from Carnegie Mellon University and Fondazione Bruno Kessler to process unlabeled audio and public speech data into information usable for AI training... Granary includes 25 European languages, representing nearly all of the European Union's 24 official languages, plus Russian and Ukrainian. The dataset also contains languages with limited available data, such as Croatian, Estonian and Maltese. This is critically important because providing these underrepresented human-annotated datasets will enable developers to create more inclusive speech technologies for audiences who speak those languages, while using less training data in their AI applications and models... The team demonstrated in their research paper that, compared to other popular datasets, it takes around half as much Granary training data to achieve high accuracy for automatic speech recognition and automatic speech translation.
Alongside Granary, Nvidia also released new Canary and Parakeet models to demonstrate what can be created with the dataset... The new Canary is available under a fairly permissive license for commercial and research use, expanding Canary's current languages from four to 25. It offers transcription and translation quality comparable to models three times larger while running inference up to 10 times faster. At 1 billion parameters, it can run completely on-device on most next-gen flagship smartphones for speech translation on the fly.
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James Cameron Struggles With Real-World Horrors for 'Terminator 7' and New Hiroshima Movie
"James Cameron has a confession: he can't write Terminator 7..." according to the Guardian, "because reality keeps nicking his plotlines."
"I'm at a point right now where I have a hard time writing science-fiction," Cameron told CNN this week. "I'm tasked with writing a new Terminator story [but] I don't know what to say that won't be overtaken by real events. We are living in a science-fiction age right now...."
What Cameron should be looking for is a complete system reboot to reinvigorate the saga in the way Prey brought fans back to Predator and Alien: Romulus restored interest in slimy Xenomorphs. All evidence suggests that the 70-year-old film-maker is far more interested in the current challenges surrounding AI, superintelligences and humankind's constant efforts to destroy itself, which doesn't exactly lend itself to the sort of back-to-basics, relentless-monsters-hunt-a-few-unlucky-humans-for-two-hours approach that has worked elsewhere.
The challenge here seems to be to fuse Terminator's core DNA — unstoppable cyborgs, explosive chase sequences, and Sarah Connor-level defiance — with the occasionally rather more prosaic yet equally scary existential anxieties of 21st-century AI doom-mongering. So we may get Terminator 7: Kill List, in which a single, battered freedom fighter is hunted across a decimated city by a T-800 running a predictive policing algorithm that knows her next move before she does. Or T7: Singularity's Mom, in which a lone Sarah Connor-type must protect a teenage coder whose chatbot will one day evolve into Skynet. Or Terminator 7: Terms and Conditions, in which humanity's downfall comes not from nuclear warfare but from everyone absent-mindedly agreeing to Skynet's new privacy policy, triggering an army of leather-clad enforcers to collect on the fine print.
Or perhaps the future just looks terrifying enough without Cameron getting involved — which, rather worryingly for the future of the franchise, seems to be the director's essential point.
"The only way out is through," Cameron said in the CNN interview, "by using our intelligence, by using our curiosity, by using our command of technology, but also, by really understanding the stark probabilities that we face."
In the meantime, Cameron is working on a new film inspired by the book Ghosts of Hiroshima, a book written by Charles Pellegrino, one of the consultants on Titanic. "I know what a meticulous researcher he is," Cameron told CNN in a recent interview. (Transcript here.)
CAMERON: He's talked about this book for ages and ages and sent me early versions of it. So, I've read it with interest, great interest a number of times now. What compels me out of all that and what I think the human hook for understanding this tragedy is, is to follow a handful, specifically two will be featured of survivors, that actually survived not only the Hiroshima blast, but then went to Nagasaki and three days later were hit again.... This film scares me. I fear making this film. I fear the images that I'm going to have to create, to be honest and to be truthful.
CNN also spoke to former U.S. Energy secretary Ernest Moni, who is now a CEO at the nonprofit global security organization, the Nuclear Threat Initiative:
MONI: There remains a false narrative that the possession of these nuclear weapons is actually making us safer when they're not. That's the narrative I think, ultimately, we need to change. Harry Truman said, quite correctly, these nuclear weapons, they are not military weapons. Dropped on a city, they indiscriminately kill combatants, non-combatants, women, children, etc. They should not be thought of as military weapons, but as weapons of mass destruction, indiscriminate mass destruction when certainly dropped in an urban center.
Thanks to long-time Slashdot reader schwit1 for sharing the article.
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Threads Has 400 Million Monthly Users. But Who Are They?
Threads now has more than 400 million monthly active users. But who are these people who are actually using Threads, asks Mashable? And what is their cultural footprint?
Threads is the Big Bang Theory of social media. Bland, boring, largely unoffensive, and somehow, it was the most popular show on television for years... At any given time, "Twitter" and "X" are searched somewhere between 12 and 30 times more than "Threads" on Google, according to the search engine's Trends data. Threads is a popular platform without much of an identity...
[Threads] is consistently good at one thing users really want from a social media platform: for their posts to be seen and engaged with. Threads might be boring in comparison to its competitors, but its users say it might be the only place on the internet right now where they don't feel they are screaming into the void.... Much like TikTok, you don't actually have to have thousands of followers to find decent engagement on the app. One user, commenting in a Reddit forum questioning who actually uses the app, said they "find it worthwhile" because "you can just say stuff on there under a tag and people will find it and respond...." According to consumer research company GWI, while users signed up for Threads because of its integration with Instagram, they're staying because Threads users are "community-focused," noting there's a strong overlap between Discord users and Threads users....
It just doesn't have the same flair as X or Twitter, which could be because Adam Mosseri, the head of Instagram, went out of his way to ensure politics was downplayed when Threads first launched. (Meta has since backtracked slightly by phasing "civic content" back into Threads "with a more personalized approach....") Threads is still in its adolescence. It lacks the media ecosystem that made Twitter indispensable for journalists, politicians, and celebrities. But it has something else: sheer scale and Meta's backing. With Instagram's 2 billion users as a feeder system, Meta can keep funneling people toward Threads whether they like it or not.
The article also points out Threads is integrated with the fediverse, supporting ActivityPub's decentralized protocol...
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