Redbox, owned by Chicken Soup for the Soul Entertainment, is currently facing a financial crisis that has pushed the company to file for bankruptcy protection. This decision comes after a series of unfortunate events, including loan defaults, car repossession orders, and missed payroll for employees. The company’s desperate situation is evident from the fact that
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In a historic turn of events, Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy ten years ago following a significant hack, is finally on track to repay its creditors. The exchange suffered a massive loss of up to 950,000 bitcoins in the 2011 hack, with only 140,000 coins being recovered. However, with the
In a move to attract more startups to its cloud infrastructure, Amazon has announced that it will be doubling the value of credits offered to eligible companies through its AWS Activate program. Starting July 1, startups that have raised a Series A round of funding in the past year will now be eligible for $200,000
The concept of synchrotron radiation has long been a cornerstone of materials research, with its high brilliance light providing valuable insights into the molecular structure of various substances. However, the limitations of traditional storage ring technology have hindered the full potential of this powerful tool. In 2010, physicist Alexander Chao and Daniel Ratner presented a
Recently, a video advertisement for a new AI company caused quite a stir on social media platforms. The ad featured a person interacting with a robot over the phone, with the robot exhibiting human-like qualities in its speech patterns and responses. The company behind this controversial ad is called Bland AI, which specializes in developing
Ubisoft’s CEO, Yves Guillemot, recently hinted at the possibility of remaking older Assassin’s Creed games to bring them to a more modern audience. This news has excited many fans of the open-world series, who are eager to revisit classic titles in a fresh new light. Guillemot expressed a desire to modernize these games and breathe
When it comes to electric vehicles (EVs), one of the key selling points has always been their supposedly low maintenance requirements compared to traditional gas-powered vehicles. The absence of oil changes, reduced gunk buildup, and fewer moving parts are often touted as the main advantages of EV ownership. However, the latest quality study by JD
Soccer, the world’s most popular sport, is being revolutionized by cutting-edge technology available to players, coaches, and officials. Euro 2024 has showcased advancements in areas such as equipment and sports science, both on and off the field. These advancements are designed to enhance the game, improve the fan experience, and prioritize player welfare. However, not
In a recent exclusive interview, George Zhao, CEO of Honor, emphasized the importance of protecting user data in the development of artificial intelligence technologies. Zhao highlighted that without proper data security and user privacy protection, the transformative power of AI is essentially worthless. Honor’s approach to AI involves keeping operations involving personal data limited to
Facebook and Instagram advertisers need to be aware of a significant change coming their way. Starting next week, a 30% fee will be added to ads purchased via an iOS device, with the money going directly to Apple. This additional charge, first introduced to U.S. advertisers in February, is now being rolled out to all