Binance is expected to lose permission to serve EU customers in July after Greek regulators reportedly decided to reject its MiCA license application. Reuters reports: Under new EU rules, called MiCA, crypto firms have until the end of June to obtain a licence to allow them to keep servicing clients across the bloc. Binance's application, made to Greece's market regulator, is set to be turned down, the people said. European regulators have been attempting to rein in crypto exchanges, which allow people to trade cryptocurrencies such as bitcoin around the globe.

Under MiCA, crypto companies have to apply for licenses from regulators in individual EU countries, which they can use as a "passport" to operate throughout the 27-nation bloc. At stake is oversight of the multi-trillion-dollar crypto industry, which regulators have long warned could destabilize markets and harm investors if not properly supervised. The Greek rejection would mean Binance will not be given the green light to operate in the EU, leaving the fate of Binance's customers based in the bloc uncertain.

Binance posted on X after the Reuters report was published that it intends to "support an orderly process and minimise disruption to our users", without giving further details. A spokesperson for Binance, which has 300 million customers worldwide, earlier said it has been pursuing a MiCA licenze and had worked with regulators for 18 months. Binance believes it has met the requirements to be MiCA authorized, the spokesperson said. It understood that Greece's Hellenic Capital Market Commission had completed its review of the application and it was considered compliant. "HCMC has given no formal indication of the contrary," the spokesperson told Reuters.

Read more of this story at Slashdot.

Starting in 2027, France's cybersecurity agency ANSSI will stop certifying security products that lack quantum-resistant encryption, effectively forcing government agencies and critical infrastructure operators to phase out older cryptographic systems. Reuters reports: Samih Souissi, ANSSI's chief of staff, said at the France Quantum conference that the agency would halt such certifications from 2027, and that businesses should be buying only quantum-safe products by 2030. ANSSI approval is required for use in French government agencies and critical infrastructure, making the policy a de facto phase-out of older encryption.

"It's not only a technical issue," Souissi said. "It's a matter of governance, industrial planning, regulation, and sovereignty." The move reflects concern that attackers may store encrypted data now and unlock it later when quantum computers become strong enough to crack today's protections, a risk known as "harvest now, decrypt later."

Read more of this story at Slashdot.

An anonymous reader quotes a report from Ars Technica: The driving technology company Mobileye plans to launch a robotaxi service in an as-yet-unnamed US city in 2027, it said earlier today. The service will be vertically integrated, using Mobileye's Moovit mobility platform to interact with customers booking rides, coordinate drivers, and so on. The Israeli company, which was bought by Intel in 2017 before going public again in 2022, says it will start with around 100 robotaxis early next year. The company first rose to prominence in the mid-2010s, when Tesla began using Mobileye's advanced driving assistance systems (ADAS) as part of Autopilot. That relationship lasted until 2016, when Mobileye dropped Tesla as a customer after being alarmed that a driver assistance system was being sold to end users as driverless technology. Since then, Mobileye has continued to work with other partners on ADAS and autonomous vehicles.

It has developed a new "SuperVision" ADAS that combines cameras and radar sensors, used by Porsche and Polestar, among others. On the robotaxi front, it has partnered with Volkswagen Group's MOIA to develop a commercially available robotaxi based on the VW ID. Buzz minivan, and last year, Mobileye revealed plans to work with Lyft to deploy robotaxis in Dallas, "as soon as" this year. [...] If Mobileye's experience with the initial 100 robotaxis goes well, it says it will scale up to around 17,000 robotaxis within the following five years. "The robotaxi revolution has only just begun, and its potential for transforming how we travel around the world continues to increase," Shashua said. "This initiative is not a replacement for our existing partnerships; it is an extension of them," said Amnon Shashua, founder and CEO of Mobileye. "We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility."

Read more of this story at Slashdot.

Bomber that crashed during test flight at Edwards air force base in California killed all eight crew members

The investigation into a US air force bomber’s deadly crash during a test flight at a California base on Monday could take up to six months to complete, officials said.

The Boeing B-52 Stratofortress, carrying eight people, crashed in a fiery explosion that sent up thick plumes of smoke at the Edwards air force base in the Mojave desert, about 100 miles (161km) north-east of Los Angeles.

Continue reading...

• England, 119-6, beat Ireland, 118-9, by four wickets

• Sciver-Brunt top scores with 48 but then retires hurt

England survived a wobble against Ireland on Tuesday at Southampton, recovering from 35 for three to chase down 119 with 15 balls remaining and four wickets to spare, and keep their World Cup campaign on track.

England, though, will be sweating on the fitness of their captain Nat Sciver-Brunt, who top-scored with 48 but was forced to retire hurt with nine runs still needed, after apparently suffering a recurrence of the calf injury she has struggled with all summer. She will be assessed by medics ahead of England’s next match against Scotland at Headingley on Saturday.

Continue reading...

With no end in sight to the memory crunch, AMD thinks that AI, the main cause of the shortage, could be part of the solution. This week, the House of Zen acquired predictive memory startup Mext for an undisclosed sum, setting the stage for a world where bots decide which data to put into RAM and which to store in less-expensive flash. Founded in 2023, the Mext proactive memory platform uses machine learning algorithms and learned heuristics to proactively offload "cold" memory to flash storage, and, based on data access patterns, restore it before its needed again. Modern flash arrays are already approaching main memory in terms of aggregate bandwidth, but swapping to disk still imposes a stiff latency penalty. Mext claims it can expand the effective memory of a system by 2 to 4x using flash, which gig for gig is still vastly less expensive than DRAM. This flash memory is exposed to the operating system like regular memory simply by running the Mextd daemon. Memory tiering is nothing new and has seen various reincarnations over the years with some being software based and others, like Intel Optane persistent memory, using special 3D XPoint memory tech co-developed by Micron. Mext stands out for its use of machine learning to migrate data from hot memory to cold storage almost like a branch predictor — something AMD has an awful lot of experience with. Mext isn't using one model to decide when to shuffle your data. Instead it uses a series of heuristics, long short term memory, and modern transformer architectures depending on which combination renders the best results. “This approach has the potential to reduce infrastructure costs, improve resource utilization, and help customers more effectively scale general-purpose and AI workloads,” Dan McNamara SVP of AMD’s compute and enterprise AI biz wrote in a blog post this week. Beyond enterprise applications, the technology could have implications for AI serving. Modern mixture of experts (MoE) models are, as their name suggests, comprised of multiple sub-models. For each token predicted, a different selection of experts may be used. In practice an LLM may use some experts more frequently and others rarely. We wouldn't be surprised to see AMD use Mext's prediction algorithms to offload infrequently utilized experts from HBM to slower system memory, enabling enterprises to take advantage of larger more capable models with fewer resources. That’s just speculation of course, but we've reached out to AMD for comment; we'll let you know if we hear anything back. ®

Thomas Hawk posted a photo:

Thomas Hawk posted a photo:

The spell has almost worn off, Dan Attoe