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Ukraine’s AI-enabled drones are trying to disrupt Russia’s energy industry. So far, it’s working

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CNN – There’s a loud buzzing sound as a small silhouette approaches in the air. The noise is eerily reminiscent of Russian drone strikes on Ukraine, but this episode was recorded closer to Moscow than to Kyiv.
“They’re flying right towards us,” a woman is heard saying in Russian, in a video shared on social media and reviewed by CNN. As the object comes closer, it becomes clear: This is a Ukrainian drone, flying over Russian territory. “I’m f**king scared,” she lets out.
Another video, recorded moments later, shows the same drone veering left as loud air raid sirens muffle the propeller’s noise. Seconds later, the drone dives from the sky, smashing into a pipe-covered tower at a Russian oil refinery, exploding on impact.
CNN geolocated the videos to Rosneft’s Ryazan refinery — one of Russia’s largest — more than 500 km (311 miles) away from Ukraine. The strike on March 13, one of several on this facility alone, was part of a concerted Ukrainian effort to target Russian oil refineries with long-range drones.
And the efforts show no sign of relenting. A Ukrainian drone on Tuesday struck the Niznekamsk oil refinery – one of the five largest in Russia – in Tatarstan region, more than 1,100 km (700 miles) from the border. At least 12 people were injured in the attack, which caused a fire to break out at the primary refining unit, according to Russian officials.
A Ukrainian source with knowledge of the operation told CNN that Tuesday’s attack was “one of the deepest operations into Russian territory.”
These daring Ukrainian strikes are hitting Russia’s massive oil and gas industry, which despite Western import bans and price caps has remained the biggest source of revenue for Moscow’s war economy.
The attacks have been made possible by the use of drones with longer ranges and more advanced capabilities, some of which have even begun to integrate a basic form of artificial intelligence to help them navigate and avoid being jammed, a source close to Ukraine’s drone program told CNN.
“Accuracy under jamming is enabled through the use of artificial intelligence. Each aircraft has a terminal computer with satellite and terrain data,” the source close to the drone program explained. “The flights are determined in advance with our allies, and the aircraft follow the flight plan to enable us to strike targets with meters of precision.”
That precision is made possible by the drone’s sensors.
“They have this thing called ‘machine vision,’ which is a form of AI. Basically you take a model and you have it on a chip and you train this model to identify geography and the target it is navigating to,” said Noah Sylvia, a research analyst at the Royal United Services Institute, a UK-based think tank. “When it is finally deployed, it is able to identify where it is.”
“It does not require any communication (with satellites), it is completely autonomous,” Sylvia added.
Chris Lincoln-Jones, a former British military officer and an expert in drone warfare and artificial intelligence, said the level of “intelligence” was still very low.
“This level of autonomy had not yet been seen in drones before, but we are still in the early stages of potential of this technology,” he told CNN.
CNN reached out to Ukrainian Defense Intelligence and the Security Service of Ukraine (SBU) but neither wanted to comment on the use of AI technology.
‘Defund the Russian war machine’
Ukraine’s use of drones is not new. The country has relied heavily on them since the beginning of Russia’s full-scale invasion on February 22, 2022, and has piled resources into advancing technology and domestic manufacturing.
At first, Kyiv was mostly using off-the-shelf equipment, either for surveillance or ingeniously adapted on the ground to drop small bombs. But it has since built a fully fledged drone industry, giving it a technological edge to set against Russia’s significantly larger manpower and better prepared industrial apparatus.
It also explains Kyiv’s increasing precision, visible in these attacks on refineries, where Ukrainian forces have made a point of targeting a specific area, maximizing the impact of these strikes.
Several experts contacted by CNN said that rather than hitting fuel storage facilities, for example, Ukraine was hitting distillation units, where crude oil is processed and turned into fuel or other derivatives.
“From what we’ve seen, some of it is they’re striking targets that need a lot of Western technology and Russia has a much more difficult time procuring this technology,” Sylvia said.
This approach gives Kyiv more bang for its buck, hurting more than just striking the refineries at random. And the markets are noticing.
“We really see this as a shift in Ukrainian tactics to try to defund the Russian war machine,” Helima Croft, a managing director and global head of commodity strategy at the investment bank RBC Capital Markets, said in an interview.
Experts believe these attacks could have a greater impact on the Russian economy than the current sanctions.
“If you think about the sanctions that have been put in place so far, they’ve largely bypassed energy,” Croft explained. “It really has been energy exports, crude, natural gas, refined products, that have given Russia the economic lifeline to continue to fight this war.”
Ukraine says 12% of Russian refining capacity is now offline, while Reuters calculates it’s up to 14%. Russia has admitted some of its refining capacity is down and has temporarily banned exports of gasoline to avoid an increase in domestic fuel prices.
“These weeks have demonstrated to many that the Russian war machine has vulnerabilities that we can reach with our weapons,” Ukrainian President Volodymyr Zelensky said this month after a string of these attacks.
“What our own drones are capable of is a true Ukrainian long-range capability. Ukraine will now always have a strike force in the sky.”
Ukrainian determination, American concerns
Ukrainian strikes on refineries have caused global oil prices to rise, with Brent crude up nearly 13% this year, leaving politicians in the United States worried about their potential economic impact in an important election year.
Though not mentioning energy prices, officials in Washington have said they are actively discouraging Ukraine from striking these refineries. “We have long said that we do not encourage or enable attacks inside of Russia,” one official told CNN.
Croft said US and international sanctions imposed since the beginning of the war had been structured to keep Russian energy on the markets.
“That was the deal with Ukraine: We will give you money, we will give you weapons, but stay away from the export facility, stay away from Russian energy, because we don’t want a massive energy crisis,” Croft explained.
But the impasse in Washington over funding for Ukraine, and the potential for change in the White House next year, could give Kyiv some leeway.
“If they’re not getting the weapons and money that they were promised, what is their incentive to abide by that deal with Washington?” Croft said.
A bigger worry, experts say, is that Ukraine will not stop at refineries. Some of Russia’s biggest oil ports, responsible for about two-thirds of its crude oil and oil product exports, according to RBC, are in range of Ukraine’s drones.
“If we simply had one major export facility hit, I think the impact on markets would be substantial,” Croft said. “Many of these export facilities are adjacent to the refineries and, for now, it looks like a deliberate targeting choice to go after refineries.”
Ukrainian officials have acknowledged US concerns but say the strikes will continue.
“It is clear that we have to minimize these budget revenues as much as possible and automatically cut off Mr. Putler’s oxygen,” said Vasyl Maliuk, the head of the SBU, using a combination of Putin and Hitler’s name common in Ukraine.
“So we will continue to work, while the gas station country continues to burn,” he added.
Source: cnn.com
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Eddid ONE and Eddid ONE USA Expand Global Coverage

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Eddid Financial (“the Group”) announces that its intelligent trading application Eddid ONE and the premier US stock trading application Eddid ONE USA* have expanded their global coverage to 22 countries and regions. The apps are now officially launched on Google Play and App Store in respective markets, providing clients with advanced and convenient proprietary intelligent services.
The apps are now available in 22 key global markets across six continents, including Hong Kong, the United States, the United Kingdom, Australia, Taiwan and Japan. Going forward, expansion plans are in place to reach additional emerging markets as the Group continues building out its global network.
Eddid ONE and Eddid ONE USA* have long been favored by the market for their clean interface and versatile functions. Specifically, Eddid ONE includes AI assistants in addition to real-time market data, proprietary trading strategies, research reports etc., but also come with AI assistants. Utilizing big data and AI technologies, the assistants provide personalized intelligent services, including predicting market trends and target stock prices to cater to diverse investor needs.
Clients can now keep abreast of the latest global market developments anytime, anywhere by using Eddid ONE and Eddid ONE USA*. This allows them to enjoy the Group’s one-stop proprietary intelligent trading services no matter where they are. Going forward, Eddid Financial will continue leveraging its leadership in fintech innovation to further enhance Eddid ONE and Eddid ONE USA*, with the commitment to deliver an even more comprehensive, efficient and secure financial services experience.
* *Always consider the risks when investing.
The post Eddid ONE and Eddid ONE USA Expand Global Coverage appeared first on HIPTHER Alerts.

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Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards

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Gcore, the global edge AI, cloud, network, and security solutions provider, today announced its recognition as ‘Highly Commended’ in the Industry Innovation category at the NVIDIA Partner Network Awards EMEA 2024 for its groundbreaking Speech-to-Text Translator.
The NVIDIA Partner Network Awards celebrate the exceptional contributions of partners exhibiting outstanding efforts, unwavering commitment, and innovative spirit in accelerated computing and AI. The Industry Innovation Award recognises partners who have spearheaded transformation within a specific industry or field.
Gcore used artificial intelligence to launch the first advanced machine learning model for speech-to-text translation from English to Luxembourgish. The model can be used to translate entire recordings for various mediums, including theatre, film, or music, from English into Luxembourgish text – for example, in the form of film subtitles.
Gcore is currently working on enabling real-time translations for use during conferences and events. The company’s future plans also include adding other commonly used languages in Luxembourg, such as French and German, to the translation tool, making speech-to-text translation a key mode of cross-language communication.Speech-to-Text Translator is part of Gcore’s state-of-the-art edge AI solutions, which also include GPU Cloud for AI training and Inference at the Edge for AI inference, all powered by NVIDIA GPUs.
Commenting on the award, Andre Reitenbach, CEO of Gcore, said: “We are delighted to receive this recognition from the NVIDIA Partner Network. Aware of the growing demand from the Luxembourgish public, expats, and local businesses for translation from English to Luxembourgish, Gcore is committed to making communication seamless and efficient. Our groundbreaking AI app for speech recognition sets a new standard, demonstrating our leadership in edge AI services. We are honoured to be acknowledged by the NVIDIA Partner Network for our innovative contribution to the AI landscape.”
“AI fosters communication and connection through its ability to translate across languages,” said Dirk Barfuss, Director of EMEA Channel at NVIDIA. “Gcore is recognized as 2024 EMEA NPN Highly Commended in the Industry Innovator category for its achievements in creating the first advanced speech-to-text translation from English to Luxembourgish, powered by NVIDIA GPUs.”
Gcore’s model was built on Whisper Small – the downsized version of the open-source Whisper model, containing 244 million weights. To meet this substantial demand for computing resources, Gcore used a high-end solution powered by the NVIDIA A100 Tensor Core GPU.
The post Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards appeared first on HIPTHER Alerts.

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CCI Initiates Study on AI’s Influence on Competition, Efficiency, and Innovation

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The Competition Commission of India (CCI) is gearing up to conduct a comprehensive study on the impact of Artificial Intelligence (AI) on competition, efficiency, and innovation.
This initiative comes in response to the growing significance of AI across various sectors. With the aim of fostering innovation and fair competition, the CCI has announced plans to delve into the evolving landscape of AI and its application in Indian markets.
In a recent announcement, the CCI issued a request for proposal to engage an agency to conduct this market study. The study aims to provide insights into the emerging competition dynamics within AI ecosystems, along with assessing the implications of AI applications for competition, efficiency, and innovation across key user industries.
Key focus areas of the study include understanding the AI ecosystem, analyzing its applications in different industries, evaluating its impact on competition within sectors, and examining the regulatory frameworks governing AI development in India and other major jurisdictions.
Additionally, the study will explore strategies for fostering a competitive environment that encourages both incumbent AI developers and new innovators. It will also address measures for creating awareness among stakeholders regarding AI usage and its implications on competition, alongside ensuring compliance with necessary standards.
To facilitate this study, the selected agency will be tasked with collating existing research and data, as well as engaging with relevant stakeholders. The deadline for submission of bids is June 3, with the opening of financial bids scheduled for June 26.
This initiative underscores India’s commitment to understanding and harnessing the potential of AI while ensuring fair competition and promoting innovation. It aligns with the CCI’s broader efforts to address emerging challenges in the digital economy and safeguard competition in the market.
By conducting this study, the CCI aims to equip itself with valuable insights that will inform future regulatory decisions and strategies related to AI development and its impact on competition dynamics in India.
Source: business-standard.com
The post CCI Initiates Study on AI’s Influence on Competition, Efficiency, and Innovation appeared first on HIPTHER Alerts.

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