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Nigerian Central Bank Not in Charge of Crypto Regulation, Says Governor According to the governor of the Central Bank of...
28/03/2024

Nigerian Central Bank Not in Charge of Crypto Regulation, Says Governor

According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and regulators overseeing the Nigerian crypto sector. The Central Bank’s Change of Heart In a surprise announcement, Yemi Cardoso, governor of the […]

©️ News.Bitcoin

According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However,

Fetch.ai, Ocean Protocol, and Singularitynet to Merge Tokens Into ‘Artificial Superintelligence’ Coin The teams from Fet...
28/03/2024

Fetch.ai, Ocean Protocol, and Singularitynet to Merge Tokens Into ‘Artificial Superintelligence’ Coin

The teams from Fetch.ai, Ocean Protocol, and Singularitynet (SNET), three top projects in artificial intelligence (AI) on the blockchain, have announced their intention to amalgamate their tokens into a unified cryptocurrency named “artificial superintelligence (ASI).” 3 Top AI Tokens to Combine Into a Single Coin Called ‘ASI’ In a communication dispatched to Bitcoin.com News, the […]

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Stability AI founder Emad Mostaque's jokes about Satya Nadella and Microsoft have some dark truth to them         Stephe...
27/03/2024

Stability AI founder Emad Mostaque's jokes about Satya Nadella and Microsoft have some dark truth to them

Stephen Brashear/Getty ImagesStability AI's Emad Mostaque stepped down as CEO to "pursue decentralized AI."The founder of the Stability Diffusion maker seemed to joke on X that he was set to join Microsoft.His quip that Satya Nadella is "above, below and around" AI firms expose a reality of the sector.They say an element of truth lies behind every joke — and Emad Mostaque's recent wisecrack about Satya Nadella inadvertently underlines a reality of the AI sector.The Stability AI founder made light of his departure last week as CEO by kidding that he'd succumbed to the power of Microsoft.He posted a photo on X on Tuesday in what appeared to be a video call with Satya Nadella. He wrote: "He is above, below and around us. In Satya we trust (because at this rate we'll kinda have to)".pic.twitter.com/bAoPCMil3w— Emad acc/acc () March 26, 2024 Mostaque later said that he was "just messing" and that he's doing his "own thing(s)" after leaving the creator of text-to-image generator Stable Diffusion, which he previously said was to "pursue decentralized AI."But Mostaque's quip that Nadella has AI firms surrounded has some truth to it. After all Microsoft recently hired Mustafa Suleyman and some of the Inflection AI team, which some regard as a strategic consolidation of top AI talent.Mostaque's comments that Nadella is "above, below and around us" is a play on the Microsoft CEO's remarks about OpenAI in a November interview, which recently resurfaced in Elon Musk's lawsuit against Sam Altman and the ChatGPT maker. The comments took on new meaning last week as Nadella appointed Suleyman as the CEO of Microsoft AI.Mostaque, the British-Bangladeshi founder of the $1 billion startup, also praised Nadella as an "amazing leader" and said he was the greatest of all time (GOAT) by posting a goat emoji.He added: "Microsoft is also one of the leading open source companies globally & there are great teams in Microsoft Research like the wizard & phi teams pumping out great models."'Quiet takeover'Microsoft is playing a key role in shaping the future of the industry through its partnerships with OpenAI and French firm Mistral AI as Big Tech players vie for dominance in the AI race.The transfer of expertise to Microsoft through Nadella's hiring of Inflection's key personnel could be described as a "quiet takeover" and shows that AI power is consolidating.

Microsoft appears to have laid out a new blueprint for Big Tech to avoid the scrutiny of antitrust regulators.Or as Gavin Baker, managing partner of investment firm Atreides Management, put it on X: "If the Microsoft/Inflection deal stands, then this is the roadmap for every large tech company to make acquisitions."Microsoft didn't immediately respond to a request for comment from Business Insider.Read the original article on Business Insider

©️ BusinessInsider

Stability AI founder Emad Mostaque picked up on comments by Satya Nadella, quipping that the Microsoft CEO is "above, below and around us."

Sergey Brin personally called a Google employee to convince them to turn down a job at OpenAI: report         Kelly Sull...
27/03/2024

Sergey Brin personally called a Google employee to convince them to turn down a job at OpenAI: report

Kelly Sullivan/Getty ImagesGoogle cofounder Sergey Brin reportedly called a Google employee who planned to leave for OpenAI. Brin's call and higher pay convinced the employee to stay at Google, The Information reported.The unusual move is part of a larger trend among Big Tech companies.Google cofounder Sergey Brin personally called an employee who was considering leaving the company for OpenAI, a report says.Brin's phone call, plus other promises and additional compensation, convinced the employee to stay in his post, The Information reported, citing a "longtime AI researcher" as its source, who said that the Google employee was a friend of theirs. Brin and Google did not immediately respond to a request for comment from Business Insider, made outside normal working hours.The unusual move is part of a larger trend among Big Tech companies as they battle it out for AI talent. The pool of top AI talent is still relatively small, but the demand for advanced skills is at an all-time high.Major tech companies have been attempting to poach each other's top talent, with some offering eyewatering salaries.Over at Meta, CEO Mark Zuckerberg has reportedly been sending personal emails to AI researchers at Google's DeepMind. The company has also been offering candidates jobs without interviews, according to a separate report from The Information.Zuckerberg announced in January Meta was sitting on a stockpile of Nvidia's highly sought after H100 chips. Zuck told The Verge his company would own more than 340,000 Nvidia H100 GPUs by the end of 2024.Meta's impressive chip collection is also a valuable recruitment and retention weapon amid the AI talent war.Aravind Srinivas, the founder and CEO of Perplexity, an AI-powered question-and-answer engine, said he failed to poach a Meta employee because his company didn't have enough GPUs. "I tried to hire a very senior researcher from Meta, and you know what they said? 'Come back to me when you have 10,000 H100 GPUs,'" Srinivas said on a March episode of the podcast "Invest Like the Best."Read the original article on Business Insider

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A California police force is in trouble with Lego after using its signature yellow heads to hide the faces of suspected ...
27/03/2024

A California police force is in trouble with Lego after using its signature yellow heads to hide the faces of suspected criminals

Murrieta Police Dept. via APA South California police department has been editing Lego heads onto suspects to protect their identity. The police department says they are doing it to comply with a new law.But the Danish toymaker is not happy about how their famous characters are being used.A Southern California police department has found itself in trouble with Lego after it started editing the toy company's famous yellow heads onto criminal suspects.Police in Murrieta, a city south of Los Angeles, have been posting images of their activities to an Instagram and say they are using Lego heads to abide by new legislation.Introduced in January, the new state law Assembly Bill 994 requires police in California to protect the identity of suspects involved in nonviolent crimes.Identities can be revealed only under special circumstances, such as tracking down a suspect if they are believed to be a threat to the community."The Murrieta Police Department prides itself in its transparency with the community, but also honors everyone's rights & protections as afforded by law; even suspects," the department wrote in an Instagram post on March 18."In order to share what is happening in Murrieta, we chose to cover the faces of suspects to protect their identity while still aligning with the new law," they said. View this post on Instagram A post shared by Murrieta Police Department () Photo editors in the police department have been getting creative with the new system to comical effect.In one image from the Instagram page, disgruntled Lego faces are edited onto two individuals being arrested; in another, the suspect has been represented with a Lego man featuring a 5 o'clock shadow; while a man arrested in the back of a car is depicted with a crying Lego face.However, the police's posts also attracted the attention of Lego, which was not happy with how its famous characters were being used.Screenshots show Lego faces edited onto suspects and posted to the Murrieta PD's Instagram page.Screenshot/ Instagram Murrieta PD"The Lego Group reached out to us and respectfully asked us to refrain from using their intellectual property in our social media content which of course we understand and will comply with," Murrieta's Lt Jeremy Durrant said in a statement to Fox News Digital last week."We are currently exploring other methods to continue publishing our content in a way that is engaging and interesting to our followers," Durrant said.The department may now have to turn to its stash of Barbie and Shrek faces, which also appear on the Instagram page, to protect suspects' anonymity.Corey Jackson, member of the California Assembly and the new law's primary sponsor, said time spent editing Lego faces could be seen as a waste of tax dollars to Murrieta's residents."Do they want people, who are being paid with their tax dollars, be paid to put Lego faces on people so it can be shown on social media? While they could be doing other things that could be protecting them?" Jackson told the Associated Press. "That's for them to decide."Business Insider has reached out to Lego and the Murrieta police department for comment.Read the original article on Business Insider

©️ BusinessInsider

Japan is producing so few babies that a leading diaper maker is pivoting to adults         Toa55/Getty ImagesA Japanese ...
27/03/2024

Japan is producing so few babies that a leading diaper maker is pivoting to adults

Toa55/Getty ImagesA Japanese company plans to halt baby diaper production in favor of adult diapers.The shift in business strategy is due to Japan's declining birth rate and aging population.The number of babies born in Japan sunk to a record low in 2023.A Japanese diaper maker announced that it will stop producing diapers for babies and will, instead, focus on catering to the country's aging population with adult nappies.Oji Holdings, which primarily produces paper products, said in a statement that it will stop producing disposable diapers for babies in September this year.Instead, domestically, it will strengthen the adult disposable diaper business.The company said in the statement that this is a strategic move as it intends to concentrate investments on businesses with "high profitability and growth potential."According to BBC News, sales of adult nappies have outpaced those for babies in Japan for the first time in over a decade.This comes as the number of babies born in Japan sunk to a record low last year, falling for an eighth consecutive year to 758,631, according to Japan's Health and Welfare Ministry.Concerns over the implications of a declining birth rate have led to Japanese officials sounding the alarm.Japan's Chief Cabinet Secretary Yoshimasa Hayashi warned last month that the situation was "critical" and there was little time to reverse the trend.Japan's prime minister, Fumio Kishida, said last year that his country was on the brink of being unable to function as a society because of the declining birth rate.The country's demographic challenges go far beyond declining birthrates. It's also grappling with a rapidly aging population.Last year, for the first time, more than one in 10 Japanese people were aged 80 or over, according to national data.The United Nations Population Division noted that Japan has the oldest population in the world, with 29.9% of the 125 million population being 65 or over.Low birth rates and an aging population risk dramatically shrinking Japan's population, which is estimated to fall by about 30% to 87 million by 2070, The Guardian reported.Oji Holdings' pivot due to shifting demographics mirrors a similar move made by Unicharm, Japan's biggest diaper maker, over a decade ago.According to Bloomberg, Unicharm said in 2011 that its sales of adult diapers surpassed those for babies.Read the original article on Business Insider

©️ BusinessInsider

With fewer babies being born in Japan and the population aging fast, a leading company is halting baby diaper production in favor of adult diapers.

A man crossed the Baltimore bridge 3 times just minutes before its collapse after an argument with his girlfriend, repor...
27/03/2024

A man crossed the Baltimore bridge 3 times just minutes before its collapse after an argument with his girlfriend, report says

Tasos Katopodis/Getty ImagesThe Francis Scott Key Bridge in Baltimore collapsed Tuesday morning after a ship crashed into it.Jen Woof told the Telegraph her son Jayden crossed the bridge three minutes earlier.He went across the bridge three times after an argument with his girlfriend.One Baltimorean was lucky to avoid Tuesday's bridge collapse by mere minutes after crossing over it three times, The Telegraph reported.Jen Woof told the newspaper that her son, Jayden, was planning to stay overnight at his girlfriend's home on the north side of the river. But after an argument, he crossed the bridge back home.Jayden then reportedly drove back over the bridge because he was feeling guilty about their argument, but his girlfriend sent him back.His third time crossing the Francis Scott Key Bridge happened just three minutes before it collapsed, per The Telegraph."He was actually almost to our house when his girlfriend started texting him to ask if he was OK," his mom told the newspaper."He thought she was texting because they were arguing, and she said the bridge had collapsed."She added: "He came into my house, frantically panicking and yelling for me and showing me a video."The Francis Scott Key Bridge collapsed at around 1:30 a.m. on Tuesday after a ship collided with one of its supports.Six construction workers are presumed dead. The city's fire chief said in a press conference that two people were rescued from the water, one of whom was sent to a local trauma center in a "very serious condition."The tragedy could have been worse if not for the ship's "Mayday" distress call — giving officers time to close car traffic across the bridge.How and why the bridge collapsed could have important implications for the shipping and engineering industries.Engineering experts told Business Insider the sheer size of the 95,000-ton container ship meant the bridge stood little chance of survival.Read the original article on Business Insider

©️ BusinessInsider

Alchemy Pay and Polyhedra Network Announce Upcoming Collaboration for Seamless Ramp Solution PRESS RELEASE. Alchemy Pay ...
27/03/2024

Alchemy Pay and Polyhedra Network Announce Upcoming Collaboration for Seamless Ramp Solution

PRESS RELEASE. Alchemy Pay has announced that it has entered into a partnership with Polyhedra Network, a Web3 ZK infrastructure provider that aims to revolutionize interoperability and scalability through Zero-knowledge (ZK) proof technology. Through this collaboration, Alchemy Pay will integrate Polyhedra Network’s ZK infrastructure to improve the interoperability, security, and user experience of its global […]

©️ News.Bitcoin

0G Raises $35 Million to Fuel AI Integration in Web3 Ecosystem With Modular Innovation On March 26, 2024, the Web3 modul...
27/03/2024

0G Raises $35 Million to Fuel AI Integration in Web3 Ecosystem With Modular Innovation

On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […]

©️ News.Bitcoin

On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers.

Institutional Investors and ‘Whales’ Push Bitcoin Demand to New Heights Bitcoin is experiencing a significant liquidity ...
27/03/2024

Institutional Investors and ‘Whales’ Push Bitcoin Demand to New Heights

Bitcoin is experiencing a significant liquidity crisis as demand for it soars, with Cryptoquant analysts reporting a monthly demand increase from 40,000 BTC to 213,000 BTC, fueled by a rise in accumulation addresses and institutional investments through spot bitcoin ETFs in the US. The imbalance between the surging demand and the decreasing sell-side liquidity, with […]

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Peter Brandt: Bitcoin Vying to Replace Fiat Currencies as Primary Store of Value Veteran trader and renowned chartist Pe...
27/03/2024

Peter Brandt: Bitcoin Vying to Replace Fiat Currencies as Primary Store of Value

Veteran trader and renowned chartist Peter Brandt says bitcoin is “vying to become the Level 1 ‘store-of-value’ standard replacing fiat currencies and government bonds.” He explained that fiat currencies, like the U.S. dollar, “will still be used to buy groceries and pay for gas.” Moreover, he expects governments to “constantly be issuing new currency replacements.” […]

©️ News.Bitcoin

Peter Brandt says bitcoin is "vying to become the Level 1 'store-of-value' standard replacing fiat currencies and government bonds."

Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’ Rich Dad Poor D...
27/03/2024

Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’

Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While acknowledging the possibility of bitcoin “going to zero,” he countered by suggesting that fiat currencies like […]

©️ News.Bitcoin

Trader Joe's bananas are no longer 19 cents         Oscar Wong/Getty ImagesTrader Joe's has raised the price of its bana...
26/03/2024

Trader Joe's bananas are no longer 19 cents

Oscar Wong/Getty ImagesTrader Joe's has raised the price of its bananas from 19 cents after more than 20 years.Its bananas now cost 23 cents each — an increase of 21%.Some businesses have been scrapping iconic price points, like $1 products at dollar stores and dollar slices at NY pizzerias.Trader Joe's has ditched its 19-cent bananas.The retailer is now selling bananas for 23 cents each, its website shows. This is a 20% increase from its previous price point, which it kept for over 20 years."We only change our prices when our costs change, and after holding our price for bananas at 19¢ each for more than two decades, we've now reached a point where this change is necessary," a Trader Joe's spokesperson told CNBC.Unlike many other retailers that sell bananas by weight or prepackaged, Trader Joe's sells them individually.Former CEO Dan Bane said he introduced the change after speaking to a customer in a store near a retirement complex who decided not to buy prepackaged bananas because she said she "may not live to that fourth banana."Some iconic price points have been pushed to their limits recently because of higher labor, transport, and commodity costs.Dollar stores are putting prices up, some New York pizzerias have scrapped dollar slices, and Costco's CFO has recently hinted that its $1.50 hot-dog-and-soda combo might not be around forever.Data from the Bureau of Labor Statistics' consumer price index shows that bananas, on average, cost 63 cents per pound in February, with only slight variations in price over the past two years.At the start of 2020, before the pandemic and the associated supply-chain disruptions started, they cost an average of 57 cents per pound, the data shows.The US accounted for 21.9% of global net imports of bananas in 2023, with Guatemala as its leading supplier, according to a preliminary report by the Food and Agriculture Organization of the United Nations in December.The report noted that retail prices for bananas in the US in 2023 "remained virtually unchanged from the previous year, highlighting the fierce competition in the United States of America retail market and the role of bananas as a loss leader product."Some retailers price bananas so low that they make a loss on each one sold, hoping that the prices will lure shoppers into stores and encourage spending on other products.Read the original article on Business Insider

©️ BusinessInsider

Trader Joe's bananas now cost 23 cents each. The retailer sold them at 19 cents for more than two decades.

The collapsed Baltimore bridge didn't stand a chance against such a huge cargo ship, engineers say         Julia Nikhins...
26/03/2024

The collapsed Baltimore bridge didn't stand a chance against such a huge cargo ship, engineers say

Julia Nikhinson/ReutersExperts sought to explain how the Francis Scott Key Bridge in Baltimore collapsed. They centered on one factor: the sheer size of the cargo ship that hit it.Faced with such momentum, a total collapse was inevitable, they said.The Francis Scott Key Bridge in Baltimore stood no chance against the huge impact from a cargo ship Tuesday morning, experts told Business Insider Tuesday.The bridge was destroyed in the early hours of Tuesday, collapsing in a violent fashion after a large cargo ship, the Dali, hit one of its support pillars.This video shows the impact:BREAKING: Ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse pic.twitter.com/OcOrSjOCRn— BNO News () March 26, 2024The physics of the impact is "pretty clear" said Leroy Gardner, a Professor of Structural Engineering at Imperial College London."There's a heavy impact from a cargo ship into one of the piers," he said in a call with BI. "Once that collapsed, then the rest of the bridge followed soon after."Experts told BI that it is unlikely that any defects in the bridge's structure were relevant to the collapse, given the scale of the impact.Engineers would likely not have been able to protect against such a huge impact. The Dali is a substantial vessel, 300 meters long and weighing some 95,000 tons, according to the website vesselfinder.com.It's of comparable size and weight to a Nimitz-class aircraft carrier in the US Navy. The Dali was almost as tall as the bridge it was trying to pass under."All bridge piers will be designed to resist impact from a vessel. And I think this will be unquestionably no exception to that," said Gardner."I think it's the magnitude of the force in this case, which is extremely unusual, which has caused the problem for this bridge," he said.The Francis Scott Key Bridge was built in 1977. Its design is a steel truss bridge. The bridge was resting on concrete piers before the impact, experts said based on footage shared online."The support is a very, relatively, flimsy structure when you look at it, it's a kind of trestle structure with individual legs," Ian Firth, a structural engineer and bridge consultant based in the UK told the BBC. "So, the bridge has collapsed simply as a result of this very large impact force."The impact from the Dali seemed to knock out one of the concrete piers, a "critical, significant part of the bridge," Gardner told BI."Structures generally are typically designed to have a certain amount of robustness. So if there's damage to a small part of it, the rest of the structure can remain intact," said Gardner."I think losing such an important element, I would expect the entire bridge to collapse, which is what happens," he said.It wasn't clear from the footage how quickly the Dali was going, experts said. It had not long left the port.Barbara Rossi, Associate Professor of Engineering Science at the University of Oxford, told BI in an email: "the impacting force must have been immense to lead to these massive (concrete) structures to collapse, leaving the superstructure without one of its support."It's not clear why the ship impacted the bridge.Read the original article on Business Insider

©️ BusinessInsider

Microsoft's reshuffle continues as Bing chief plans to exit the role. It comes days after Satya Nadella poached Mustafa ...
26/03/2024

Microsoft's reshuffle continues as Bing chief plans to exit the role. It comes days after Satya Nadella poached Mustafa Suleyman.

Leon NealBing chief Mikhail Parakhin is leaving the role and will report to Microsoft's CTO in the meantime.Parakhin led the advertising businesses, in addition to his work on the search engine.The reorganization comes days after Satya Nadella tapped Mustafa Suleyman to lead its AI efforts. Microsoft is again playing musical chairs as another reshuffle of its key teams gets underway.Days after Satya Nadella announced he was bringing Inflection AI's cofounder Mustafa Suleyman into the mix as its EVP and CEO of Microsoft AI, Mikhail Parakhin has "decided to explore new roles."The Verge reported the news, citing an internal memo.Parakhin, who led the company's Bing search engine and advertising businesses, will report to Microsoft CTO Kevin Scott.Pavan Davuluri, who ran its Surface and devices work, will be head of both Microsoft's Windows and Surface teams as part of the leadership rejig.Rajesh Jha, who leads Microsoft's experiences and devices team, said in the memo, "Satya and I are grateful for Mikhail's contributions and leadership and want to thank him for all he has done to help Microsoft lead in the new AI wave."Nadella announced that Suleyman had joined the ranks in a memo sent to employees last week. The Google DeepMind cofounder will lead its consumer AI products and research, including Copilot, Bing, and Edge.Several Inflection AI team members, including cofounder Karén Simonyan, are also joining Microsoft. Simonyan will report to Suleyman as chief scientist, while he reports to Nadella.Microsoft has built AI into its Bing search engine and created other AI tools for Windows and Office under the Copilot brand over the last year.Nadella's enlisting of Suleyman demonstrated the Microsoft chief's uneasiness with the Windows and Web Experience team's progress, Bloomberg reported, citing two people with knowledge of his thoughts on the matter.Microsoft didn't immediately respond to Business Insider's request for comment made outside or normal working hours.Read the original article on Business Insider

©️ BusinessInsider

Mikhail Parakhin will report to Microsoft's CTO but his new role has not been announced, a memo said.

Baltimore's biggest bridge collapses after being hit by a cargo ship, videos show. Mass casualty event declared.        ...
26/03/2024

Baltimore's biggest bridge collapses after being hit by a cargo ship, videos show. Mass casualty event declared.

Julia Nikhinson/ReutersBaltimore's Francis Scott Key Bridge collapsed early on Tuesday morning.A livestream captured the moment a ship collided with one of the bridge's support beams.Authorities are calling it a "mass casualty event" and say 20 people went into the water.Baltimore's Francis Scott Key Bridge collapsed on Tuesday morning after it was struck by a large cargo ship.A video of the incident was posted early on Tuesday morning to X, formerly Twitter. In the video, a large vessel was seen colliding with one of the bridge's support beams. Smoke was seen billowing from the ship before the bridge began crumbling.BREAKING: Ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse pic.twitter.com/OcOrSjOCRn— BNO News () March 26, 2024 "MAJOR BALTIMORE TRAFFIC ALERT: AVOID I-695 southeast corridor. I-695 Key Bridge collapse due to ship strike," the Maryland Transportation Authority said in an X post on Tuesday morning.A representative for the Baltimore Police Department told ABC News that "at 1:35 a.m., Baltimore City police were notified of a partial bridge collapse, with workers possibly in the water, at the Francis Scott Key Bridge."Emergency services teams, including divers and at least two helicopters, responded to the scene, per Baltimore County's police scanner in the hour and a half after the bridge's collapse.Wes Moore, governor of Maryland, declared a state of emergency early on Tuesday.Moore said he was working to "quickly deploy federal resources from the Biden Administration," per the BBC.The White House said it was "closely monitoring" the situation, and that there was no indication of any nefarious intent."Our hearts go out to the families of those who remain missing as a result of this horrific incident," a spokesperson told BI in a statement.Secretary of Transportation Pete Buttigieg said on X that he had offered the DOT's support to Moore and Baltimore Mayor Brandon Scott.A view of the collapsed Francis Scott Key Bridge in Baltimore on March 26, 2024, shared by local rescue services.Harford County Maryland Fire and EMS/FacebookThe Baltimore Fire Department estimates that up to 20 people people went into the water, the BBC reported.Baltimore Fire Department Chief James Wallace said at a press conference early Tuesday that two people had been recovered from the water. One refused service, while another was transported to a local trauma center "in very serious condition," he said.The fire department had not made contact with the ship's captain yet, he said.A livestream view of the area at around 3:00 a.m. local time showed the bridge's structure partially submerged in the harbor and in several pieces.A view of the collapsed Francis Scott Key Bridge in Baltimore on March 26, 2024, shared by local rescue services.Harford County, Maryland, Fire and EMSStructural engineer Ian Firth told the BBC that the heavy ship would have struck the bridge support backed by many thousands of metric tons."The support is a very, relatively, flimsy structure when you look at it, it's a kind of trestle structure with individual legs," he told the outlet. "So, the bridge has collapsed simply as a result of this very large impact force."Barbara Rossi, an engineering professor at the University of Oxford, told BI: "According to what I could see online, the bridge has received a huge impact force on one of its supporting structures.""The impacting force must have been immense," she said.BI also viewed a vessel tracking map of the area on the ship monitoring site VesselFinder.com. At 2:50 a.m. local time, the Dali, a Singapore-flagged container ship, was seen remaining stationary under the bridge.The collapsed Francis Scott Key Bridge in Baltimore after being struck by a container ship on Tuesday.Jim Watson/AFP/Getty ImagesThe Dali is owned by Grace Ocean, a Singapore-based firm. The firm confirmed in a statement on Tuesday morning that their vessel had struck one of the bridge's pillars, per TradeWinds."All crew members, including the two pilots, have been accounted for and there are no reports of any injuries. There has also been no pollution," read the firm's statement.According to Grace Ocean, the vessel was bound for Colombo, Sri Lanka when the accident took place.A spokesman for the US Coast Guard (USCG) confirmed to the Baltimore Sun that the 948-foot-long Dali had collided with the bridge."USCG has deployed three response boats, and pollution responders are en route," Petty Officer First Class Matthew West told NBC News.The Dali, a Singapore-flagged cargo ship, was seen stationary on VesselFinder.com's vessel-tracking map.Screengrab/VesselFinder.comMaersk, the ship's charterer,...

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