Banknotes with King Charles III enter circulation for the first time

King Charles on a Five Pound Note
Banknotes featuring a portrait of King Charles III entered circulation on Wednesday 5th June 2024.

Banknotes featuring a portrait of King Charles III entered circulation on Wednesday 5th June 2024.

Charles’s portrait will be featured on the front of the £5, £10, £20, and £50 banknotes, visible through the notes’ transparent security window. He is only the second monarch to appear on British banknotes, following Queen Elizabeth II.

Currently, there are more than 4.6 billion Bank of England notes in circulation, with a combined value of around £82 billion.

Bank of England

Little know company Kneron launches latest AI chips – backed by Qualcomm

AI chip

Kneron, a startup specializing in artificial intelligence chips, unveiled its latest products on Wednesday 4th June 2024.

The company aims to exploit the growing world-wide interest in AI and provide an alternative to industry heavyweights such as Nvidia and AMD.

The company, headquartered in Taiwan and supported by American semiconductor leader Qualcomm and major iPhone assembler Foxconn, introduced the KNEO 330, its second-generation ‘edge GPT’ server.

GPT, short for generative pre-trained transformer, is an AI algorithm trained on vast datasets capable of generating text and images, with OpenAI’s ChatGPT being the world leader right now.