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Boeing’s Starliner isn’t returning to Earth yet, but they are not stuck
Boeing CEO Jim McNerney said on Friday that Boeing’s Starliner spacecraft, which hasn’t performed a flight since last year, “isn’t stuck”. This comes after reports claimed Boeing and NASA were at odds over the astronauts’ ability to return to Earth after a test flight failed due to a shortage of helium. “We’re not stuck,” McNerney…
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After the US banned its software, the firm denied that it’s a hazard
US Commerce Secretary Gina Raimondo said that the US is “not afraid of the consequences” after it banned Moscow-based cybersecurity firm Kaspersky from providing its services. “We certainly don’t want to disruption the business or families of any Americans,” she added. The ban comes amid US’ concerns over Russian meddling in the 2016 presidential election…
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Amazon’s struggling union is teaming up with the Teamsters
The General President of the International Brotherhood of Teamsters Sean O’Brien has said that Amazon “is a corporate bully and will have to answer” to the organisation. This came after the Amazon Labor Union had won its third election in New York, two years after winning its first election in Staten Island. The union is…
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Openai employees don’t have a culture of risk and retaliation
OpenAI CEO Sam Altman recently said he was unaware of such arrangements, which forbid employees from criticising the company or even mentioning its existence. This comes after Vox reported that OpenAI threatened to clawed back employees’ equity if they don’t sign non-disparagement agreements that barred them from criticising the company or even mentioning the existence…
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Nature wants South Africa’s next government to talk to their researchers
South Africa is the world’s most unequal country, a University of the Western Cape researcher said. The researcher, Léo Czajka, said that South Africa has much better information on people’s income than on their wealth. “We have much better information on people’s income than on their wealth,” he added. South Africa reported the world’s highest…
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Apple doesn’t know why you use technology
Apple’s new iPad ad has surfaced online and is being trolled for being “insulting” and “ugly”. “It’s ugly, but art can’t be flattened,” a user tweeted. Another said that the ad was meant to suggest that Apple could crush everything beautifully and leave a “skinny glass and metal slab”. Meanwhile, a user wrote that the…
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The company says it will return money to most of its customers
Cryptocurrency exchange FTX has filed for bankruptcy in the US, two years after it shut down. The filing said nearly all of its customers will receive the money back that they are owed. FTX said that it was able to recover funds by using a collection of assets that included proprietary investments from the businesses,…
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Boeing’s Starliner is ready to launch a NASA crew
Boeing’s Starliner spacecraft, which is carrying two NASA astronauts, will be launched on Monday from the Cape Canaveral Space Force Station in Florida. The crewed flight test is a “critical stepping stone to reaching that broader goal”, NASA’s Administrator Jim Bridenstine said. Boeing has been working on the Starliner for 10 years with NASA after…
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The race is on to fill the power gap as questions swirl around the Supercharging stations
Tesla CEO Elon Musk’s prediction of slow Supercharger installation has led to 500 employees being fired from Tesla’s Supercharger division, E&E News reported. The company had announced in January that it was firing all 500 employees from the Supercharger business, including the division’s top executive Rebecca Tinucci. Earlier, Tesla said it will lay off one-quarter…
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Changpeng Zhao was sentenced to 4 months in prison
A judge had to consider more than facts of crime in coming to an appropriate sentence for Binance CEO CZ Zhao, a professor at Columbia University said. “It’s an easy comparison…but an imperfect one,” Daniel Silva, an attorney at Buchalter, a law firm, added. Zhao was convicted of not following the law for a financial…
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I fell in love with business and the lab, but not with the same passion that I had for business
A Lithuanian scientist has been recognised with a European Molecular Biology Laboratory and a Life Science Center Award for his biomedical research work in Lithuania. Vilnius University Institute of Mathematics and Informatics researcher iknys said, “Many people…have PhDs or worked as postdocs…they don’t want to be scientists. It’s essential that people with a scientific degree…
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Changpeng had been sentenced to four months in prison
Binance Founder and CEO Zhao Jing was sentenced to 2 months in prison for violating the Bank Secrecy Act (BSA). Zhao’s lawyers said that he deserved no jail time, as “no defendant in a remotely similar BSA case has ever been sentenced to incarceration”. Zhao’s lawyers added that he did not defraud any investors or…
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New earbuds may not prove that they can hang with the big guys
US-based startup Nothing has launched two new earbuds, the Nothing Ear which costs $150 and the Nothing Ear (a) which costs $100. Both the earbuds come with multipoint, Fast Pair (for Android), Microsoft Swift Pair, and a low-latency gaming mode in the cheaper buds. The company started with the Nothing Ear (1) in 2021 and…
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Beeper was taken on Apple’s iMessage dominance
Beeper, a text messaging app which was acquired by Tumblr-parent automattic earlier this month, will continue to exist as a stand-alone product within Automattic. However, Beeper Co-founder Eric Migicovsky said that the company will continue to exist as a stand-alone product within the larger entity. Notably, Automattic had acquired Tumblr in 2019 and Beeper in…
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The electric vehicle manufacturer scrapped plans to make a less expensive vehicle
Tesla CEO Elon Musk has said the electric automaker will unveil its new self-driving cars on August 8. “We are focused on bringing the next-gen platform to market as quickly as we can, with the plan to start production at Gigafactory Texas,” he added. In 2019, Musk said Tesla would have “over a million Tesla…
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U.S. job growth is stronger than expected
US employers added 23 lakh jobs in March, the most since July 2017, according to the government’s monthly payroll report. The unemployment rate stood at 4.1%, its lowest level in over five years. The US economy has added over 20 lakh jobs for the last four months, marking the seventh straight month of job growth.
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Sam Bankman- Fried was sentenced to 25 years for fraud
Sam Bankman-Fried, the Co-founder of cryptocurrency exchange FTX, has been sentenced to 25 years in prison and ordered to pay $11 billion forfeiture. Bankman-Fried was found guilty of fraud and witness tampering during his trial last year. He was also accused of lying about not knowing Alameda Research, a trading fund he co-founded, spent FTX’s…
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Sam Bankman-Fried was sentenced to 25 years in prison
Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has been sentenced to 25 years in prison by a US federal judge for defrauding the company of $8 billion. Bankman-Fried was convicted in 2017 on 10 criminal counts, including bank fraud, wire fraud and securities fraud. Prosecutors said Bankman-Fried knew about the fraud and knew…
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The Baltimore Bridge Collapse is about to happen
The collapse of a bridge in Maryland, US has affected the supply chain of vehicles on the US East Coast, Tradepoint Atlantic, which operates the port in Brunswick, said. The port has been contacted by companies as an interim solution while the port is partially blocked, and that the port has unused capacity to process…
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Long commute and uncertain prospects are what Baltimore-area residents will feel after the bridge collapse
The Francis Scott Key bridge in US’ Baltimore has collapsed after a cargo vessel struck a pillar of the bridge on Tuesday. The Dali container ship, carrying goods for shipping giant Maersk, had spent two days inBaltimore’s port before setting off toward the 1.6-mile Francis Scott Key Bridge. The collapse of the bridge has disrupted…
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The DOJ built its case after receiving 4 internal Apple email
Apple has said it will “defend itself” against the US Justice Department’s (DOJ) antitrust lawsuit that accused Apple of “unjustified anti-competitive behaviour”. This comes after Apple’s former SVP Phil Schiller reportedly sent an email to CEO Tim Cook saying “moving iMessage to Android will hurt us more than help us”. Apple said it believes the…
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The US is trying to enforce antitrust laws on Apple
The US Department of Justice’s (DoJ) antitrust lawsuit against Apple claims the company does not want users or companies in the country to benefit from “super apps”. The lawsuit claims Apple doesn’t want mini apps to use its in-app purchasing system. “There are actually examples where companies, after having been charged, had to change business…
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Stores will remain open despite the arts and crafts store filing for bankruptcy
US-based arts and crafts retailer Joann has filed for bankruptcy, citing a reduction in consumer spending due to high inflation and COVID-19 pandemic. The company said it had struck a deal with lenders for a $132 million cash injection to help reduce its debt by $505 million. This will result in the retailer, which is…
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The minimum wage law has led to threats from ride-booking companies to stop theirMinneapolis operations
Uber and Lyft have decided to suspend their ride-hailing services in Minneapolis, US, after the city voted to raise minimum wage for drivers to $15.57 (around 11,000) per hour. “We support a minimum earning standard for drivers,” Lyft’s chief spokesperson CJ Macklin said, adding, “But it should be done in an honest way that keeps…
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Sam has been accepted to the Board of OpenAI
OpenAI CEO Alya Sutskever had informed Elon Musk in a December 2018 email that the AI startup needs a $1 billion funding commitment, as per a report. “I think we should say that we’re starting with a $1B funding commitment. I’ll cover whatever anyone else doesn’t provide,” Musk wrote. Sutskever had then forwarded arguments in…