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National Security Council coordinator for strategic communications John Kirby declined to comment specifically on the possibility of the US sending F-16 fighter jets to Ukraine, but said broadly that the US has been forward-looking about “future capabilities” and needs. US lawmakers and congressional staffers have joined in the F-16 lobbying campaign, urging the administration to provide the jets so that Ukraine can establish control over its skies. US allies with F-16s could conduct training for Ukrainian fighter pilots, or the aircraft’s manufacturer, Lockheed Martin, could carry out training as a private contractor. Without the jets, Ukraine is having to improvise, officials say. The Russian jets have largely been staying behind Russian defensive lines, making them difficult for Ukraine to target with shorter-range systems like NASAMs.

☆ How do you solve a problem like AI? Tax it
▼ + stars: | 2023-05-18 | by ( John Foley | ) www.reuters.com time to read: +6 min

The chances of “generative AI” being put back in its box are very small. Goldman Sachs economists estimate that 18% of work could be automated globally, and that 7% of the U.S. workforce might be substituted by AI. Moreover, while AI will create profit windfalls, many countries don’t tax those as effectively as they ought to. But a dollar of saved costs for a company creates only 21 cents in corporate income tax revenue. Capital gains are still taxed below the level of income in most countries.

☆ There are 2 things needed to sustain this year's blistering rally in tech stocks
▼ + stars: | 2023-05-18 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

It said a further rally needs continued profitability at tech companies and rate cuts by the Federal Reserve. The Nasdaq Composite on Wednesday closed at a year-to-date high, at 12,500.57, and it's up more than 19% since the start of the year. While Federal Reserve anticipates a "mild recession" starting later this year, policymakers have indicated they won't begin cutting interest rates until 2024. High interest rates can hurt the potential value of future profit at growth companies. DataTrek said the Fed battling hot inflation "was not a factor during the winning years," it had outlined for the Nasdaq Composite.

☆ DOJ charges former Apple engineer with alleged theft of autonomous car tech for China
▼ + stars: | 2023-05-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

A former Apple software engineer was charged with allegedly stealing Apple's autonomous technology for a Chinese self-driving car company, the Department of Justice announced Tuesday. Weibao Wang worked as a software engineer at Apple from 2016 to 2018, a DOJ indictment said. Wang worked on Apple's Annotation Team, and was granted "broad access" to databases which the Justice Department said could only be accessed by 2,700 of Apple's 135,000 employees. An even smaller segment, around 2%, had access to "one or more" of the databases Wang accessed, the indictment continues. The charges were announced as part of a sweeping enforcement action led by the Disruptive Technology Strike Force.

☆ Justice Department files criminal charges in cases of American tech stolen for Russia, China and Iran
▼ + stars: | 2023-05-16 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

CNN —The Justice Department announced on Tuesday five criminal cases against people accused of stealing or illegally diverting American technology and materials for the Russian, Chinese and Iranian governments. The man, Xiangjiang Qiao, is at large in China, according to the Justice Department. “These charges demonstrate the Justice Department’s commitment to preventing sensitive technology from falling into the hands of foreign adversaries, including Russia, China, and Iran,” said Matthew Olsen of the Justice Department’s national security division. In New York, a Greek national is charged with allegedly acquiring more than 10 different types of sensitive technologies on behalf of the Russian government. The man, Dr. Nikolaos “Nikos” Bogonikolos, was arrested in Paris last week and the US will move for his extradition, the Justice Department said.

☆ OpenAI CEO Sam Altman is ready to tell Congress that the ChatGPT-led AI era he's ushered in needs rules — before it's too late
▼ + stars: | 2023-05-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Sam Altman is ready to tell Congress that his AI invention ChatGPT needs to follow some rules. The OpenAI CEO is due to appear before Congress on Tuesday as concerns grow over AI risks. OpenAI CEO Sam Altman is set to make his debut appearance before Congress to address growing concerns about the societal threats posed by a ChatGPT-led era of AI. The testimony comes at a crucial moment as the release of OpenAI's ChatGPT in November introduced the world to consumer-led AI. The spread of generative AI tools such as ChatGPT has caused concern among lawmakers about the potential harm they could cause.

☆ Who is Sam Altman? The man behind ChatGPT is about to have his moment on Capitol Hill
▼ + stars: | 2023-05-15 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —For a few months in 2017, there were rumors that Sam Altman was planning to run for governor of California. Altman, the CEO and co-founder of OpenAI, the artificial intelligence company behind viral chatbot ChatGPT and image generator Dall-E, is set to testify before Congress on Tuesday. Maybe I’m wrong?’ Thank God someone with so much power has so much humility.”Others want Altman and OpenAI to move more cautiously. OpenAI co-founder & CEO Sam Altman speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 03, 2019 in San Francisco, California. Similar generative AI technology is quickly finding its way into productivity and search tools used by billions of people.

☆ Autonomous tech can help U.S. spend less and do more with defense, says Anduril's Palmer Luckey
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutonomous tech can help U.S. spend less and do more with defense, says Anduril's Palmer LuckeyAnduril Industries Founder Palmer Luckey joins 'Closing Bell Overtime' to discuss the defense sector, new tech in the defense space, and the impact of a debt ceiling default on government defense spending.

☆ Let the guessing game begin! Elon Musk's cryptic Twitter CEO tweet drives speculation — and plenty of joke theories
▼ + stars: | 2023-05-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk offered few clues about Twitter's next CEO, besides that "she" will take over in weeks. The cryptic post drove plenty of people on Musk's platform to suggest possible contenders. One serious guess came from tech journalist Kara Swisher, who laid out her case and observations in a Twitter thread. An NBCUniversal spokesperson told Insider that Yaccarino was preparing for the Upfronts, an event where media companies pitch advertisers. Guesses included famous tech names, some quickly debunkedYou didn't have to look far on Twitter to see some famous tech names like Sheryl Sandberg, Marissa Mayer, or Susan Wojcicki being floated.

ApartmentComplex Before dawn on Feb. 6, a powerful earthquake in southern Turkey destroyed an upscale apartment complex, killing hundreds. The main building in the Renaissance complex toppled over, evidence that the building had major vulnerabilities on the lower level and the south side. Tall column Recreational space on ground floor Antis Yapi via Facebook The most vulnerable part of Renaissance was the ground floor, which had an open layout. 3-D model highlights the ground floor columns and recreational spaces. The horizontal forces could have weakened the ground floor columns and possibly torn them apart.

☆ LinkedIn layoffs: Company to cut 716 jobs, exit China app InCareer amid 'challenging' economic climate
▼ + stars: | 2023-05-09 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —LinkedIn, the world’s largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company announced. Ng Han Guan/APAs part of the move, LinkedIn will phase out InCareer, its app for mainland China, by August 9. LinkedIn is the last major Western social media app still operating in mainland China. Maimai was launched in 2013 and dubbed the Chinese version of LinkedIn. “We’re also facing a significantly more challenging operating environment and greater compliance requirements in China.”

☆ 'A very problematic market': As Arm shuns London, tech investors question UK as an IPO destination
▼ + stars: | 2023-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

The institutional investors that dominate the London market lack a good understanding of tech, according to several venture capitalists. Numerous tech firms listed on the London Stock Exchange in 2021, in moves that buoyed investor hopes for more major tech names to start appearing in the blue-chip FTSE 100 benchmark. Since Deliveroo's March 2021 IPO, the firm's stock has plummeted dramatically, slumping over 70% from the £3.90 it priced its shares at. "London is creating, and the U.K. is creating, globally important businesses — Arm is a globally important business. The London Stock Exchange was not immediately available for comment when contacted by CNBC.

This is an important moment not to cede leadership in any emerging technologies," Panchanathan said. The NSF is a federal agency that funds a big portion of science and engineering, including research at universities. TIP is the agency's first new directorate in more than 30 years and would help identify research, a lot of it already funded by the NSF, that can become technology products, he said. The directorate would help build up an ecosystem of academics, corporates, venture capitalists, and others to help researchers and startups get off the ground. Panchanathan and Khanna met nearly two dozen venture capitalists, startup CEOs, and some big tech firm executives in Santa Clara, California to discuss the CHIPS and Science Act.

☆ Silicon Valley Founders and VCs Are Making Sobriety Popular
▼ + stars: | 2023-05-04 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

Sellers is among a growing contingent in the tech community that's going alcohol-free. From founders to investors, members of the startup community are eschewing booze in the name of staying sharp — and healthy. "About six months ago, I stopped drinking alcohol. That's really hard because in this industry, you have to be high energy. That's really hard because in this industry, you have to be high energy.

☆ Cognitive decline, dementia common after stroke
▼ + stars: | 2023-05-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

About 40% of the survivors of stroke have mild cognitive impairment that does not meet the diagnostic criteria for dementia. Cognitive impairment is most common within the first two weeks after a stroke, the statement said. The American Stroke Association’s statement did offer some good news: About 20% of people who experience mild cognitive impairment after a stroke fully recover their cognitive function, typically within the first six months. Stroke risk factors, such as hypertension, high cholesterol and type 2 diabetes, should be treated, as should atrial fibrillation. “Perhaps the most pressing need, however, is the development of effective and culturally relevant treatments for post-stroke cognitive impairment,” she said.

☆ For only the second time in its history, the US Navy is beginning the slow, tricky process of taking apart a nuclear-powered aircraft carrier
▼ + stars: | 2023-05-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

In April, the Navy published a notice announcing the beginning of planning to scrap the USS Nimitz. But Nimitz will be only the second nuclear-powered carrier to go through deactivation and defueling. The Nimitz would only be the second American nuclear-powered carrier scheduled to be scrapped. The first is the USS Enterprise, which was commissioned in 1961 and was also the world's first nuclear-powered carrier. The private shipyard will probably be in Alabama, Texas, or Virginia, according to a draft environmental impact statement posted on a special Navy carrier disposal website.

☆ A deep tech investor predicts these 3 AI startups will become the decacorns of this decade with valuations of over $100 billion
▼ + stars: | 2023-05-01 | by ( Amir Khan | ) www.businessinsider.com time to read: +7 min

Amir Khan is a deep tech investor who's known about ChatGPT for 10 years. OwkinA health tech startup called Owkin, based in Paris, France, is working to build an AI model in partnership with top academic researchers and data scientists. MotionalMotional is a Boston-based autonomous tech startup that is gaining traction by successfully running the world's first robotaxi pilot program. If you've seen the old Batman movies, you would know self-driving vehicles were promised to us in the early 2000s. NexarNexar, a New York-based startup, is also a company working to realize our self-driving car dreams.

☆ 10 Things in Tech: Amazon Slack, industry extinction, and top EVs
▼ + stars: | 2023-04-28 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Community: Inside Amazon's little-known Slack channel. And that's playing out inside an internal slack channel called #focus-and-pivot-info for employees put on performance improvement plans — also known as PIPs. Go behind-the-scenes of Amazon's little-known Slack channel here. Right as tech companies shrink their headcounts, AI is gaining popularity in the workplace, writes Insider's editor in chief for business, Matt Turner. Thousands of anonymous tech employees fretted over the future of tech compensation.

☆ Billionaire LinkedIn cofounder Reid Hoffman reveals 2 Buddhist principles that shape his worldview and help him navigate failure
▼ + stars: | 2023-04-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

In an interview with The Generalist, Hoffman said he's been most influenced by Buddha. Hoffman also said in the interview that Aristotle initially inspired him to study philosophy. Hoffman, who cofounded LinkedIn, announced he was stepping down from the board of OpenAI last month. Hoffman holds a master's degree in philosophy from Oxford and planned to go into academia at one point. Hoffman, who calls himself an "accidental technologist," credits his philosophical instincts as the reason he is in the industry.

☆ Wall Street veteran Michael Klein is the latest casualty of the banking crisis
▼ + stars: | 2023-04-24 | by ( Carter Johnson | Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Michael Klein was tapped last year as CEO of CS First Boston, Credit Suisse's investment banking spinoff. There's a new casualty of the banking crisis: Wall Street deals veteran Michael Klein. Credit Suisse and Klein "have mutually agreed to terminate the acquisition of The Klein Group," the company said in its first-quarter earnings announcement. It marks the latest blow for Credit Suisse's investment bankers. Here's everything you need to know about Klein and what the scuttling of the deal means for Credit Suisse's investment bankers.

☆ Groceries, gas, or Netflix? Gen Zers are dropping their streaming subscriptions as inflation hits.
▼ + stars: | 2023-04-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Nearly two-thirds of millennial and Gen Z consumers have canceled a streaming subscription in the prior six months, a Deloitte survey found. Insider spoke with five millennial and Gen Z consumers who blamed soaring inflation for driving them to cut subscriptions in favor of essentials like gas or groceries. On average, consumers spend $48 per month on streamers, Deloitte said. From Deloitte's 2023 Digital Media Trends survey: 32% of millennials and 30% of Gen Zers said they canceled a streaming subscription within the past six months in order to save money. Gen Z-ers, born between 1997 and 2009, were the runners-up with a 57% churn rate over the same period.

☆ RESTRICT Act explained: proposed TikTok ban is 'a PATRIOT Act for the digital age,' some lawmakers say
▼ + stars: | 2023-04-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The RESTRICT Act, a bill that could ban TikTok nationwide, was introduced in the Senate last month. GOP Senator JD Vance of Ohio called the bill proposal "a PATRIOT Act for the digital age." But the RESTRICT Act — touted as a way ban TikTok nationwide — would do far more than prevent users from accessing an app known for its viral dance routines and conspiracy theory videos. "This will directly improve our national security as well as safeguard Americans' personal information and our nation's vital intellectual property." Even those who support a TikTok ban, such as Senator JD Vance of Ohio, don't see the RESTRICT Act as an appropriate solution.

☆ Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call.
▼ + stars: | 2023-04-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk spoke about banks, self-driving cars, crystal balls, and lithium refineries this week. He warned of "stormy weather" ahead and said rate hikes, layoff fears, and bank lending are worries. (Musk was discussing Tesla's Dojo's supercomputer platform, and nodding to the failure of Silicon Valley Bank and Signature Bank in March.) (Musk was hinting at a possible credit crunch if banks, facing deposit outflows and the prospect of further bank runs, pull back on lending.) (Musk was outlining his vision of eventually rolling out autonomous driving to all Tesla vehicles via a software update, allowing them to serve as robotaxis and generate income.)

☆ Why Porsche, Mercedes and GM are betting on silicon-anode batteries
▼ + stars: | 2023-04-22 | by ( Andrew Evers | ) www.cnbc.com time to read: +2 min

Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. Amprius is already working with Airbus , the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries. Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology. Porsche also plans to use silicon-anode technology in its vehicles, and has invested in Washington state-based Group14 Technologies. Watch the video to learn more about silicon-anode batteries and why the auto industry is betting on them.

☆ Facebook’s parent company Meta is doing layoffs again. But there’s one ‘safe’ team that could actually benefit from the job cuts.
▼ + stars: | 2023-04-19 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Netflix is ending its DVD-rental service that started the company over two decades ago. Gaming is 'safe' at Facebook's parent company Meta. But multiple people told my colleague Kali Hays that gaming within Meta's Reality Labs division will likely remain immune — and perhaps actually benefit — from the job cuts. One person told Kali that after the layoffs are done, the team will be able to start hiring again. The hit Netflix reality show captivated US audiences.

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