Technology
Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as […]
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Adobe lifts financial gain forecast for fiscal 2023 and beats estimates on quarterly effects
Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May perhaps 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Situations | Getty Pictures Adobe shares rose 5% in prolonged investing on Wednesday immediately after application maker introduced fiscal 1st-quarter outcomes that topped Wall Street estimates and lifted its full-12 months foercast. This […]
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In consumer phone, SVB’s new CEO urges purchasers to convey money back again to the financial institution
A few times into his tenure as Silicon Valley Lender‘s governing administration-appointed CEO, Tim Mayopoulos has a concept for his superior-powered undertaking money and startup shoppers: Bring your income back. That was reliable all through Mayopoulos’ responses as he fielded more than 400 questions from concerned clientele on a 30-moment Zoom get in touch with […]
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Silicon Valley Lender seizure leaves a significant hole — and a substantial option — in the earth of local weather finance
A view of Silicon Valley Lender headquarters in Santa Clara, CA, just after the federal government intervened on the bankâs collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images Silicon Valley Financial institution was the go-to for startups in search of bankers who understood the startup everyday living and balance sheets. […]
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Axiom unveils spacesuits for NASA’s upcoming Artemis moon missions
Chief Engineer Jim Stein wears the new spacesuit during the Axiom Space Artemis III Lunar Spacesuit event at Space Center Houston in Houston, Texas, on March 15, 2023. “Since a spacesuit worn on the Moon must be white to reflect heat and protect astronauts from extreme high temperatures, a cover layer is currently being used […]
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Zipline unveils P2 supply drones that dock and recharge autonomously
Logistics startup Zipline has flown extra than 38 million miles with its autonomous electric powered delivery drones since the business was launched in 2014. Zipline put its very first fleet to work in Rwanda, delivering blood and other wellbeing materials to clinics and hospitals. Because then, the Silicon Valley startup has expanded its services in […]
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Apple provider Foxconn expects decline in buyer electronics need, prioritizes global expansion
Employees get the job done in a manufacturing unit at the mobile cell phone plant of Climbing Stars Mobile India Pvt., a device of Foxconn in Tamil Nadu, India on July 12, 2019. Bloomberg | Bloomberg | Getty Visuals Key Apple provider Foxconn reported a 10% calendar year-more than-calendar year decline in revenue for 2022 […]
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