Breaking News: Technology
SpaceX says it will test Starlink’s satellite-to-cell service with T-Mobile this year
Sopa Images | Lightrocket | Getty Images WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said on Monday. “We’re going to learn a lot by doing — not necessarily by overanalyzing — and getting out there,” Jonathan Hofeller, SpaceX vice president of […]
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ChatGPT and Generative AI are booming, but at a very expensive price
OpenAI CEO Sam Altman speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, on February 7, 2023. Jason Redmond | AFP | Getty Images Before OpenAI’s ChatGPT emerged and captured the world’s attention for its ability to create compelling sentences, a small startup called Latitude was wowing consumers with […]
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Treasury Secretary Janet Yellen suggests U.S. governing administration is not going to bail out Silicon Valley Financial institution
Janet Yellen, US Treasury secretary, speaks throughout a Fiscal Steadiness Oversight Council (FSOC) assembly at the Treasury Division in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomberg | Getty Photographs Just after regulators shuttered Silicon Valley Financial institution and seized its deposits Friday, U.S. Treasury Secretary Janet Yellen said Sunday that she has been operating […]
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Watch Relativity try the initial launch of its 3D-printed rocket Terran 1
3D-printing professional Relativity Room is attempting its initial rocket launch on Saturday, a mission that marks the most major exam but of the firm’s bold production method. The company’s Terran 1 rocket is launching from LC-16, a launchpad at the U.S. House Force’s facility in Cape Canaveral, Florida. The mission is referred to as “Fantastic […]
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Founders swarmed SVB’s Bay Spot branches hunting for responses soon after bank’s historic failure
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Lender (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Pictures Tech founders and execs were being undeterred by the inclement weather conditions on Friday, as they crowded the doorways of Silicon Valley Bank spots across the […]
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Startups scramble to meet up with payroll, fork out bills following SVB’s swift collapse
Key Points Tech firms that held deposits at SVB are thinking when they’re going to be capable to pay back workers and their charges immediately after the bank’s collapsed. The FDIC was named the receiver of Silicon Valley Lender on Friday following the bank was closed by California regulators. “The variety one particular concern is, […]
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Silicon Valley traders and founders express shock, explain struggles to get funds out of SVB
Essential Factors As Silicon Valley Lender was shuttered by the FDIC on Friday, traders and companies with funds locked up expressed dismay at how it went down. Several enterprise capitalists likened collapse is akin to a Twitter-led financial institution operate, centered far more on unjustified anxiety than reality. Investors ended up urging their portfolio companies […]
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Meet the brothers building massive spacecraft to leverage SpaceX’s Starship
Cofounders and brothers Karan Kunjur, left, and Neel Kunjur. K2 Space A pair of brothers is aiming to challenge the way spacecraft are built, by going against the industry trend and designing massive satellites in a bet that towering rockets such as SpaceX’s Starship are the way forward. Los Angeles-based startup K2 Space, co-founded by […]
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Astra investigating ‘potential illegal short selling’ as delisting deadline looms
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and small rocket builder Astra announced on Friday that the company is investigating “potential illegal short selling” among shareholders of its common stock. The company said it hired financial software […]
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Oracle shares sink practically 5% following 3rd-quarter income miss
Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Photos Oracle shares dropped virtually 5% after the company tech big noted its economical results for its 2023 fiscal 3rd quarter. This is how the […]
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