The venture arm of Bosch has a new $270 million fund that will continue its tradition of investing in deep-tech startups. This time, however, Bosch Ventures plans to put more of its money into North American startups. Launched in 2007, Bosch Ventures is now on its sixth fund. And while the corporate VC is technically […]
Bosch Ventures is turning its attention to North America with new $270M fund Read More »
U.S. engineering firm ENGlobal has confirmed that hackers accessed “sensitive personal information” from its systems during a November 2024 cyberattack. ENGlobal, which provides engineering and automation services to the federal government and critical infrastructure organizations, said in an updated 8-K filing with the U.S. securities regulator on Monday that hackers subsequently “encrypted some of its
ENGlobal says hackers accessed ‘sensitive personal’ data during cyberattack Read More »
With lithium battery storage too weak for many industries, companies are desperately looking elsewhere for energy storage. Molten-salt batteries offer high energy and power density, and can work for long periods. Now, Denmark’s Hyme Energy — which has raised $26 million to date — has signed a deal which could see its technology scale to
After raising $26M, Hyme Energy signs global deal to scale thermal storage Read More »
It’s a truism in the climate tech world that hardware is paramount. After all, you can’t curb carbon pollution without fixing cement, steel, hydrogen, and more. But as with anything today, hardware is just part of the equation. “In almost every case, hardware is going to be developed with software in mind,” Vaughn Blake, partner
Blue Bear Capital lands $160M to back AI founders in climate, energy, and industry Read More »
Energy giant Halliburton has confirmed its systems were hacked and that intruders “accessed and exfiltrated information” following a cyberattack last week. In a brief filing with government regulators on Tuesday, Halliburton said it was “evaluating the nature and scope of the [stolen] information,” and what data breach notifications it is required to make. Halliburton last
Halliburton confirms data was stolen in ongoing cyberattack Read More »
Oil drilling and fracking giant Halliburton said it has shut down some of its internal systems following a cyberattack earlier this week. In a brief statement filed with government regulators on Thursday, Halliburton said it became aware of unauthorized access to its systems on Wednesday and responded by “proactively taking certain systems offline.” The company
Halliburton shuts down systems after cyberattack Read More »
The AI boom is fueling the demand for data centers and, in turn, driving up water consumption. (Water is used to cool the computing equipment inside data centers.) According to FT, in Virginia — home to the world’s largest concentration of data centers — water usage jumped by almost two-thirds between 2019 and 2023, from
Demand for AI is driving data center water consumption sky high Read More »
Google has issued its 2024 Environmental Report, a more than 80-page document describing all of the massive company’s efforts to apply tech to environmental issues and to mitigate its own contributions. But it totally dodges the question of how much energy is AI using — perhaps because the answer is “way more than we’d care
Google’s environmental report pointedly avoids AI’s actual energy cost Read More »
Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to
