White House Opens $39 Billion Chip-Making Giveaway
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
White House Opens $39 Billion Chip-Making Giveaway
White House , Opens $39 Billion , Chip-Making Giveaway .
In 2022, President Joe Biden signed
the CHIPS and Science Act into law.
Engadget reports that CHIPS has made $52 billion
in tax credits and funding available to bolster
the United States' semiconductor industry.
$39 billion of the bill was specifically
earmarked to provide incentives
for semiconductor manufacturing.
Now, the Biden Administration has launched
the first CHIPS for America funding opportunity,
opening the application process.
According to the administation, funding is available for , "projects to construct, expand or modernize commercial
facilities for the production of leading-edge, current-
generation and mature-node semiconductors.".
The program's "vision for success" looks to develop
leading-edge logic fabrication facilities and DRAM
chip manufacturers by the end of the decade.
Engadget reports that the plan also boasts
more funding opportunities for R&D and
manufacturing equipment facilities in the future.
The program also reportedly
includes strict rules for how
funding can be applied.
Applicants who receive CHIPS funding
cannot use payments for stock
buybacks or to pay out dividends.
Payments will reportedly be tied to
meeting targeted milestones in realizing
the administration's "vision for success."
Go behind closed doors as Kim Kardashian joins Vice President Kamala Harris at the White House for a crucial roundtable discussion on criminal justice reform. Witness their collaborative efforts and passionate advocacy for second chances and meaningful change.
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Kim Kardashian went back to the White House to advocate for criminal justice reform -- only here, it was with Biden's camp ... proving she's loyal to the cause,.. TMZ.com
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs.
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President Biden had yet another teleprompter gaffe while speaking at a conference Wednesday ... and it's not the first time the prez fumbled a speech, far from.. TMZ.com
Apple Sends iPhone Users in 92 Countries , a Spyware Attack Warning.
The message was sent on
April 10, Engadget reports. .
Apple detected that you are being targeted
by a mercenary spyware attack that is trying
to remotely compromise the iPhone
associated with your Apple ID -xxx-, Apple's warning, via Engadget.
This attack is likely targeting
you specifically because of
who you are or what you do. , Apple's warning, via Engadget.
Although it's never possible to achieve
absolute certainty when detecting such
attacks, Apple has high confidence in
this warning — please take it seriously, Apple's warning, via Engadget.
Internal information and investigations are used by the tech giant to pinpoint attacks. .
However, Apple couldn't provide any more information about the mercenary spyware attacks because it might "help attackers avoid future detection," Engadget reports. .
Apple has sent this type of message
to customers in the past.
Since 2021, people in over 150 countries
have gotten similar warnings.
Last October, journalists and politicians located in India were among those
who received such a message
Credit: Wibbitz Top Stories Duration: 01:30Published
All iOS Users Can Now , Log In to X With a Passkey.
While U.S. iOS users were given the option
to use passkeys back in January, .
global iOS users are now able to do the
same on the social media platform.
The login alternative is considered to be
safer than passwords, Engadget reports.
That's because passkeys aren't susceptible
to phishing and other schemes.
In order to use passkeys on X, open the
iOS app, click "Your account," and then
go to "Settings and privacy.".
Next, navigate to "Security and account access"
and then "Additional password protection.".
Passkeys can be found under
"Additional password protection.".
It is not clear if X intends to make the same option available for Android users, Engadget reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
LinkedIn Is Developing , In-App Games.
Networking is about to become more entertaining, Engadget reports. .
The jobs-focused social media platform will soon offer its users puzzle-based games.
The jobs-focused social media platform will soon offer its users puzzle-based games.
Nima Owji, an app researcher, posted screenshots of some of the upcoming games.
LinkedIn also confirmed the development
of the games to TechCrunch.
We’re playing with adding puzzle-based
games within the LinkedIn experience to
unlock a bit of fun, deepen relationships,
and hopefully spark the opportunity
for conversations. Stay tuned for more!, LinkedIn spokesperson, to TechCrunch.
Upcoming titles include
'Queens,' 'Inference' and 'Crossclimb.'.
Companies will reportedly be ranked in the games based on how their employees score.
A release date has yet to be announced.
It's also not clear whether only
paid subscribers will have access to the
games or if free users can play as well. .
It's also not clear whether only
paid subscribers will have access to the
games or if free users can play as well.
Credit: Wibbitz Top Stories Duration: 01:30Published
NVIDIA Sued , Over AI Copyright Infringement.
Authors have sued NVIDIA over NeMo, the company's AI language model that helps to create and train chatbots, Engadget reports.
Authors have sued NVIDIA over NeMo, the company's AI language model that helps to create and train chatbots, Engadget reports.
According to authors Abdi Nazemian,
Brian Keene and Stewart O'Nan, their
books were illegally used to train the AI.
They are seeking a jury trial and want NIVIDIA to pay damages and destroy the dataset that powers NeMo's large language models.
According to the authors, the Books3
dataset copied Bibliotek, a shadow library containing 196,640 pirated books.
In sum, NVIDIA has admitted
training its NeMo Megatron models
on a copy of The Pile dataset. , Via lawsuit against NVIDIA.
Therefore, NVIDIA necessarily also
trained its NeMo Megatron models
on a copy of Books3, because
Books3 is part of The Pile. , Via lawsuit against NVIDIA.
Certain books written by Plaintiffs
are part of Books3— including
the Infringed Works—, Via lawsuit against NVIDIA.
... and thus NVIDIA necessarily trained
its NeMo Megatron models on one or
more copies of the Infringed Works,
thereby directly infringing the
copyrights of the Plaintiffs, Via lawsuit against NVIDIA.
NVIDIA responded to the suit, telling 'The Wall Street Journal,' "we respect the rights of all content creators and believe we created NeMo in full compliance with copyright law.".
OpenAI and Microsoft were hit
with a similar lawsuit last year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Google Announces Update , Aimed at Reducing SEO , Spam Search Results.
Engadget reports that Google plans to
tweak its search algorithm in an attempt
to weed out automated spam results.
According to the company, the changes will , "keep the lowest-quality
content out of search.".
Google noted that the engine will improve
how it can locate and eliminate AI-generated
content that has become harder to spot.
The company said that the new update will apply
what was learned in a 2022 algorithmic tune-up
aimed at reducing "unhelpful, unoriginal content.".
Google hopes the changes will drive more traffic toward , "helpful and high-quality sites.".
This update involves refining
some of our core ranking systems
to help us better understand if
webpages are unhelpful, have
a poor user experience or feel
like they were created for
search engines instead of people. , Elizabeth Tucker, Google product
management director, via Engadget.
This could include sites
created primarily to match
very specific search queries, Elizabeth Tucker, Google product
management director, via Engadget.
Engadget reports that Google appears to be targeting
AI-generated SEO spam, which includes the growing
problem of sites using AI to generate worthless content.
Today, scaled content creation
methods are more sophisticated,
and whether content is created
purely through automation
isn’t always as clear, Elizabeth Tucker, Google product
management director, via Engadget.
Google says the changes,
which go into effect on May 5, .
"will allow us to take action on more types of
content with little to no value created at scale,
like pages that pretend to have answers to popular
searches but fail to deliver helpful content."
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
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