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Greece’s Leap Into The Future With A €41 Million Supercomputer Initiative

In a major development, Greece is stepping into the global arena of high-performance computing with the launch of its state-of-the-art supercomputer, named Daedalus. The intricate project, entrusted to HP Hellas, is set to bring a remarkable transformation to the country’s digital landscape at a cost of €41 million.

The unveiling of this computational behemoth, orchestrated by Greece’s Ministry of Digital Governance, will take place at Lavrio’s Technological Cultural Park. This move is a pivotal step for Greece, not only enhancing its research capabilities but also firmly positioning it among the world’s foremost scientific hubs.

Explore Europe’s AI Power Surge: Six New Factories And One Upgrade To Strengthen Europe’s AI Leadership

Why Daedalus Is A Game Changer

The deployment of Daedalus is driven by a growing demand for advanced computational power to handle vast data for scientific and industrial applications. Greek scientists and researchers, alongside their European counterparts, stand to benefit significantly from this upgrade in technological prowess.

Designed to enhance Greece’s competitive edge, Daedalus will be instrumental in powering AI-driven applications, expected to tackle complex scientific simulations that ordinary computing systems simply cannot manage.

Unmatched Performance And Sustainability

Projected to exceed 60 Petaflops, Daedalus not only outpaces its predecessor ARIS but also ranks among the world’s top 30 supercomputers, according to TOP500 and GREEN500 listings. This leap in power complements its eco-friendly design, incorporating renewable energy systems to keep operations sustainable and minimize environmental impact.

Set up in a historically significant site, the “Former Electric Station” building, this vast 1,500 square meter facility represents not just a technological triumph but a marriage of heritage and innovation.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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