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☆ China's J-20 stealth jet isn't 'a dominating aircraft,' but it doesn't need to be for what China's military has planned
▼ + stars: | 2023-10-29 | by ( Christopher Woody | ) www.businessinsider.com time to read: +10 min

China's air force continues to improve and expand its fleet of J-20 stealth fighter jets. The J-20 is China's first stealth jet and a growing part of an already sizable aviation force. China's air force and navy now make up the largest aviation force in the region and the third largest in the world. They have a total of 1,900 fighter jets, including J-20s that have been "operationally fielded" by China's air force, according to the US Defense Department. AdvertisementAdvertisementA Chinese jet, believed to be a J-20 prototype, in Chengdu in January 2011.

Persons: —, Wang Jingtian, We've, Brendan Mulvaney, Mulvaney, they've, Rick Joe, Zhang Hui, Kenneth Wilsbach, Wilsbach, Jia Tianyong, Rong Xu Organizations: Service, US Defense Department, US Air Force, Beijing, Getty, WS, Reuters, China Aerospace Studies Institute, Department of, US Pacific Air Forces, Air and Space Forces Association, Air Show, China News Service, Getty Images China, People's Liberation Army, PLA, People's Republic of China, US Air, Pentagon Locations: China, East China, Pacific, Taiwan, Changchun, Chengdu, People's Republic of, China's, Xiamen, Zhuhai, American

Not every AI company is hot right now. While European and US tech investors are throwing funding at startups that look like the next Nvidia or ChatGPT, they're less optimistic about one big player: British AI chip company Graphcore. The UK tech industry is small, and Insider granted anonymity to these people to avoid jeopardizing their professional relationships. One founder operating in the same space as the AI chip firm speculated that Arm could be a leading contender to acquire Graphcore. In September, Toon pitched Graphcore in an interview with Insider as a viable rival to Nvidia, which holds around 70% of the AI chip market, per Omdia analysis.

Persons: Graphcore, Baillie Gifford, it's, Nigel Toon's, Toon, we'll, Rishi Sunak Organizations: Nvidia, Graphcore, Insider, Sequoia Capital, Bloomberg, UK, China Locations: British, Europe

☆ Elon Musk’s Twitter takeover, the platform and its cultural impact have fundamentally changed
▼ + stars: | 2023-10-27 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +16 min

Here’s a (non-exhaustive) account of how Musk has fundamentally changed Twitter since he made one of the most consequential acquisitions of the social media age. Many of Musk’s content and product decisions have also led to what civil society groups have reported as a troubling spread of hateful speech on the platform. He recommended that X users monitor the Israel-Hamas conflict by following an account known for spreading disinformation, before later deleting his post. And, in an attempt to prove that former Twitter executives deliberately discriminated against conservatives on the platform, Musk provided a handpicked group of journalists with selective access to company records. It is perhaps Musk’s all-consuming presence that has most undermined what users used to love about Twitter.

Persons: New York CNN — It’s, Elon Musk, Linda Yaccarino —, Yaccarino, ” Yaccarino, —, it’s, Here’s, Musk, he’s, Donald Trump, LeBron James, James, ”, X, General Mills, ” Weeks, “ Elon, what’s, “, Paul Pelosi, Dilbert, Scott Adams, George Soros, Joe Biden’s, Ron DeSantis ’, Robert F, Kennedy, Jr, Tucker Carlson, Vivek Ramaswamy, Benjamin Netanyahu, Hunter Biden Organizations: New, New York CNN, Elon, Twitter, US Federal Trade Commission, Securities, Exchange Commission, EU, Premium, Nintendo, NPR, PBS, Volkswagen, —, Center, Defamation League, Wall Street, Florida Republican Gov, Fox, New York, Trump Locations: New York, Israel, United States, breakeven, New

☆ Yandex takes step towards Russian approval for restructuring
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File photo Acquire Licensing RightsMOSCOW, Oct 27 (Reuters) - Nasdaq-listed Russian tech company Yandex (YNDX.O) said on Friday it had obtained one of the approvals needed from the Russian government for its planned restructuring, which it hopes to complete by the end of 2023. Yandex, while reporting a 33% drop in third-quarter adjusted net income, said its board remained committed to completing the restructuring and divesting all Russia-based businesses. It said class A shareholders had now given consent for the merger of certain intermediate Dutch holding companies into Yandex NV. Yandex said it planned to take a restructuring proposal to shareholders for approval by the end of 2023.

Persons: Evgenia, Yandex, Alexander Marrow, Jason Neely, Mark Potter Organizations: REUTERS, Rights, Nasdaq, Yandex, Moscow, Reuters, Yandex NV, Thomson Locations: Moscow, Russia, Ukraine, nationalising, Washington

Oct 27 (Reuters) - Bargain hunting drove investors to exchange-traded funds (ETFs) tracking technology companies after shares fell sharply on mixed earnings from heavyweights. The fund's price fell nearly 4% in the week, as mixed results from megacaps like Alphabet (GOOGL.O) weighed on the sector. Tech funds saw inflows of $2 billion in the week to Wednesday, their largest in eight weeks, according to BofA Global Research, which it attributed to investors "buying the dip". The $14 billion ProShares UltraPro QQQ (TQQQ.O) posted net weekly inflows of $68.15 million, even as the price of the fund fell 9.5%. The $46.5 billion Technology Select Sector SPDR Fund and the $9 billion VanEck Semiconductor ETF (SMH.O) posted net inflows of $205.7 million and $280.6 million, respectively, for the week.

Persons: Todd Sohn, Todd Rosenbluth, Vanda Research's, Bansari Mayur, Shweta Agarwal Organizations: Technology ETF, Apple, Microsoft, Strategas Securities, VettaFi . Tech, Nasdaq, Tech, BofA Global Research, Fund, Semiconductor, Thomson Locations: VettaFi, Bengaluru

☆ 'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate
▼ + stars: | 2023-10-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

As some US companies cut back on their dependence on China, Apple could be hardest hit, says Steve Jobs' biographer. Walter Isaacson told "Squawk Box" that "it'll be hardest" for Apple to decrease reliance on China. AdvertisementAdvertisementAs more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate. "Most companies are trying to decrease their dependence on China, but it'll be the hardest for Apple to do that." More than 95% of iPhones, Macs, AirPods, and iPads are made in China, according to the Financial Times.

Persons: Steve Jobs, Walter Isaacson, Tim Cook, —, Elon Musk, CNBC's, Apple, Isaacson, it'll, we've, Wang Wentao, Terry Gou Organizations: Apple, Service, Tesla, Bloomberg, Counterpoint Research, YouTube, Wall Street, Financial Times Locations: China, Beijing, Chengdu, Taiwan

☆ How to choose the right 5G infrastructure provider for your business
▼ + stars: | 2023-10-24 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +4 min

But finding the right infrastructure provider to support your organization can be tricky. But how can you separate the wheat from the chaff and pick the right infrastructure provider for you? "First and foremost, when selecting your 5G infrastructure provider, evaluate the longevity and reliability of their solutions," Vance Tran, a cofounder of the tech-advisory website Pointer Clicker, said. "For enterprise-centric private 5G deployments, it is essential to choose a provider that has considered the nuances of the enterprise world," Parm Sandhu, the vice president of enterprise 5G products and services at NTT Ltd, said. "That means the private 5G must be an extension of the existing LAN."

Persons: —, Fabio Giust, Giust, Vance Tran, Pointer Clicker, Parm Sandhu, Sandhu, downscaling, Alan Jones, you've Organizations: Service, 3GPP, NIST Secure Software, NIST, NTT Ltd Locations: Ireland

☆ Leaked email shows Nvidia is paying its Israel-based employees a bonus and raising $10 million in humanitarian aid for the Israel-Hamas war
▼ + stars: | 2023-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Nvidia is doubling down on its effort to help those affected by the Israel-Hamas war. In an internal email on Monday, obtained by Insider, Nvidia CEO Jensen Huang said the company will add a bonus in the upcoming paycheck for its Israel-based employees "to help in a small way." "The devastating war has caused unimaginable suffering and turned the lives of our families in Israel upside down," Huang wrote in the email. Nvidia is one of the US tech companies more directly affected by the war in Israel. Nearly 400 of those Nvidia employees have returned to military duty, Huang said in a separate email, viewed by Insider.

Persons: Jensen Huang, Huang, Nvidia's, Mellanox's, Eyal Waldman Organizations: Nvidia, Hamas, CNBC Locations: Israel, Gaza, Tel Aviv, Palestinian

casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, ”, “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, —, Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: ”, Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman

☆ Tim Cook's latest visit to China is a sign that the iPhone is at risk of becoming the 2nd-best option for many people
▼ + stars: | 2023-10-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The Apple CEO made his second known trip to China this year as iPhone sales struggle. The visit is a sign that Apple desperately needs to keep China on its side. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementWhen Tim Cook visited China in March this year, he was there to heap praise on the country for its history of innovation. Several months on, the Apple CEO is back on the charm offensive.

Persons: Tim Cook, —, Cook, Wang Wentao, it's, Elon Musk, Luxshare Organizations: Apple, Service, Bloomberg, Research, Huawei, Apple's Locations: China, Beijing, Chengdu

☆ FBI says North Korea deployed thousands of IT workers to get remote jobs in US with fake IDs
▼ + stars: | 2023-10-19 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

North Korea has been sending IT workers to get remote US jobs, according to the FBI and DOJ. The workers have been using these jobs to raise money for North Korea's ballistic missile program, the US agencies said. The money they earned was funneled to the North Korean weapons program, FBI leaders said at a news conference in St. Louis. AdvertisementAdvertisement"We can tell you that there are thousands of North Korean IT workers that are part of this," spokeswoman Rebecca Wu said. The IT workers generated millions of dollars a year in their wages to benefit North Korea's weapons programs.

Persons: —, Louis, Jay Greenberg, Rebecca Wu, Greenberg, Kim Jong Organizations: FBI, DOJ, North, Service, Department of Justice, The Justice Department, Federal, Louis FBI, North Korean, State Department, Department of, Treasury, Justice Department, United Locations: Korea, North Korea, St, St . Louis, North Koreans, China, Russia, Korean, Iran, United States, United Nations

☆ Bank of America: Buy these 11 AI-exposed stocks that have both explosive potential and stable dividends
▼ + stars: | 2023-10-18 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Investors took note and scrambled to get exposure to AI stocks, many of which are among this year's top performers. Top investment firms like Bank of America, Morgan Stanley, and UBS told clients this summer that AI is worth the hype. 11 high-upside AI stocks with dividendsThere's no shortage of ideas about how to profit from AI, as Insider has noted throughout 2023. Bank of America recently put together a list of 164 buy-rated stocks across industries that are tied to AI. Below are those 11 high-upside, stable-dividend stocks with AI exposure and a buy rating from Bank of America along with the ticker, market capitalization, previous close, sector, industry, and country for each.

Persons: Morgan Stanley, Goldman Sachs, Alkesh Shah, Shah Organizations: Bank of America, UBS, Robotics, Intelligence, Technology, US

☆ Chinese tech giant Baidu says its latest update to ChatGPT rival Ernie is 'not inferior in any respect' to GPT-4
▼ + stars: | 2023-10-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Chinese search giant Baidu has unveiled the latest version of its Ernie generative AI model. The company says that it is a match for GPT-4, the large language model behind OpenAI's ChatGPT AI. AdvertisementAdvertisementChinese AI companies are racing to match ChatGPT — and now, one says it has a chatbot that can go toe-to-toe with OpenAI's GPT-4 model. The chatbot is now also able to provide video and audio responses — unlike OpenAI's GPT-4, which currently only generates text responses. "Ernie is not inferior in any respect to GPT-4," said Li, in comments reported by Bloomberg .

Persons: —, ChatGPT —, OpenAI's, Ernie, Robin Li, Li Organizations: Baidu, GPT, Service, Bloomberg, Microsoft, US Locations: Beijing, China, Taiwan

☆ A biographer spent years following Elon Musk and Steve Jobs. Here's how he says they're alike — and how they're different
▼ + stars: | 2023-10-15 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com time to read: +8 min

Walter Isaacson trailed Elon Musk for years and interviewed Steve Jobs over 40 times to write their biographies. Elon Musk's biographer, Walter Isaacson, once said that the Tesla CEO was "in some ways the Steve Jobs of our time." AdvertisementAdvertisementBoth Musk and Jobs had a "dark streak""When I was reporting on Steve Jobs, his partner Steve Wozniak said that the big question to ask was 'Did he have to be so mean? AdvertisementAdvertisementIsaacson said Steve Jobs (left) took on the role of "alpha male" at Apple and "marginalized" his cofounder Steve Wozniak (right). "As much as I think Steve Jobs is a total genius, Steve Jobs would design a product, be it the Mac or the iPhone, and then it would be thrown over the wall to some manufacturing facility in China or something.

Persons: Walter Isaacson, Elon Musk, Steve Jobs, —, Elon Musk's, Tesla, Jobs, Isaacson, Musk, Steve Wozniak, Grimes, " Isaacson, didn't, Kimberly White, Wozniak, Martin Eberhard, Tom Mueller, It's, Frederic J . BROWN, Musk's, Franz von Holzhausen Organizations: Service, Apple, Jobs, Twitter, SpaceX, Getty, Wall Street, Tesla, Economic, of New Locations: AFP, China, of New York

☆ Shares of luxury brands are tumbling in a sign consumers' high-end spending spree is over
▼ + stars: | 2023-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The boom in luxury goods is over as consumers pull back on their multiyear high-end spending spree. AdvertisementAdvertisementIn the US, card spending for luxury fashion has been on the decline for six quarters in a row, with luxury fashion spending down 16% year-over-year over the past quarter, Bank of America card data shows. Card spending on luxury fashion has declined for six quarters in a row. Bank of AmericaUS card spending on luxury fashion declined 16% year-per-year the past quarter, Bank of America forecasts. That's because European investors often say tech stocks are a competitor to luxury stocks in their portfolios, Colas said.

Persons: —, LVMH, DataTrek, Nicholas Colas, Ralph Lauren, Colas, Kelly Organizations: Service, Bloomberg, Bank of America, Bank of America US, Industry, Consumers, San Francisco Fed, Tech Locations: LVMH, Paris

☆ How our stocks have performed since the bear market bottom a year ago — and the lesson learned
▼ + stars: | 2023-10-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The S & P 500 closed at its bear market low a year ago Thursday — ending Oct. 12, 2022, at its lowest close since November 2020 . In hindsight, that dramatic turnaround was the start of a rally that saw the S & P 500 climb 22% from the close on Oct. 12, 2022, through Wednesday. Palo Alto Networks, meanwhile, has successfully pivoted to profitability, joining the S & P 500 as a result, and repeatedly demonstrated the quality of its cybersecurity platform. Indeed, an exchange-traded fund that gives each S & P 500 constituent the same influence — the Invesco S & P 500 Equal Weight ETF — has advanced only 11.2% since Oct. 12, 2022. Viewed through the top-heavy rally lens, though, it's not a surprise to see a number of Club stocks underperforming the S & P 500.

Persons: Jim Cramer, Jim, they're, That's, ChatGPT, Eli Lilly's, that's, There's, we've, it's, didn't, Estee Lauder, Jim Cramer's, Michael Nagle Organizations: Nvidia, Meta, Broadcom, Oracle, Microsoft, Facebook, Palo Alto Networks, Coterra Energy, Costco, Procter, Gamble, GE Healthcare, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Mounjaro

☆ Israel's tech hub is a crucial part of its economy. Now, startups could face tougher funding rounds amid the war, experts say.
▼ + stars: | 2023-10-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Getting overseas funding could become difficult for Israel's tech industry amid the war, experts told Reuters. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIsrael's tech startups have already been facing a tough year attracting funding amid the implosion of a major lender for start-ups, global recession fears, and rising borrowing rates. Investment in Israel's tech startups has already been falling for seven straight quarters even before the war started, according to a report by the think tank Startup Nation Policy Institute, released on September 30. AdvertisementAdvertisementTech insiders also express optimism for the industry, citing Israel's reputation as an established tech hub.

Persons: —, Jon Medved, Avi Hasson, Catalyst, Hasson Organizations: Reuters, Tech, Silicon Valley Bank, Service, Nation Central, Investment, Nation Policy Institute, Israel ., Insight Partners Locations: Israel, Silicon, Tel Aviv, Europe, Israel . New York

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine represents a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

The vessel's ability to carry a powerful heavyweight torpedo capable of defeating ships and submarines — the US-made Mark 48, or Mk-48 — is a real eye-catching feature. The vessel — its English name "Narwhal" and Mandarin name "Hai Kun" — is the first sub of the island's Indigenous Defense Submarine program, a top priority in Taipei. AdvertisementAdvertisementTaiwan President Tsai Ing-wen receiving a submarine model in front of Taiwan's first locally built submarine, "Narwhal," during the vessel's unveiling ceremony at the CSBC Corporation shipbuilding company in Kaohsiung in September. US Navy/MC1 Michael B ZingaroOriginally designed in the late 1960s and deployed in the late 1980s, the Mk-48 torpedo was intended to counter advances in Soviet submarine technology. These considerations make the Mk-48 torpedo key.

Persons: —, Tom Shugart, who's, they're, Tsai Ing, Bryan Clark, Clark, Donald Trump, Michael B, It's, Shugart, MCSN Jaimar Carson, Huang Shu, kuang, they've, Philip Davidson, Michael B Zingaro, it's, Huang, wouldn't Organizations: China, Service, US, Center, New, New American Security, Indigenous Defense, CSBC Corporation, SAM, Getty, US Navy, Hudson Institute, Army, Pacific Command, Tomahawk, Maritime Locations: Taiwan, bulking, New American, Kaohsiung, Taipei, AFP, Los Angeles, Columbia, Soviet, Jefferson City, Beijing, China, Ukraine

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine will represent a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

☆ OpenAI is exploring making its own chips as AI companies scramble to overcome the global processor shortage, report says
▼ + stars: | 2023-10-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

OpenAI is exploring plans to build its own AI chips to power ChatGPT, according to Reuters. The startup is battling a global shortage of processors that are vital for training its AI models. It's more evidence of a rift between OpenAI and Microsoft, which is reportedly building its own AI. OpenAI is exploring plans to build its own AI chips as it faces a shortage of the previous technology behind the AI revolution. The company has provided OpenAI with the enormous computing power needed to train its AI models.

Persons: — Organizations: Reuters, Microsoft, Service, Meta, Nvidia Locations: OpenAI

☆ Meta considers paid subscription for users in EU to bypass targeted ads
▼ + stars: | 2023-10-03 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Instagram and Facebook users in the European Union may soon be able to opt out of targeted ads if they pay for a monthly subscription. Over the last year, the EU has tightened regulations and will require big tech companies to ask users for their consent around such advertising. Meta has previously argued that its data collection for advertising is needed for fulfilling the “contracts” between the platform and end users to provide service. Melina Mara/The Washington Post/Getty ImagesThe Wall Street Journal recently reported Meta aims to charge about $14 a month to users who want to bypass targeted ads on Instagram on their phones and $17 to access both Facebook and Instagram without ads, to comply with EU regulations. “Meta believes in the value of free services which are supported by personalized ads,” the company said in a statement.

Persons: CNN — Instagram, Melina Mara, Meta, ” Organizations: CNN, European Union, Meta, EU, Facebook, Data Protection, Irish Data Protection, Washington Post, Street Journal Locations: European, Europe, San Francisco , California

☆ How a Google loophole lets drug dealers hijack nearly any website — including our own
▼ + stars: | 2023-09-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +15 min

Nor does it always appear to pay attention to other signals webmasters code in asking Google not to index their search results. It's why someone advertised how to buy cocaine and fentanyl in Pittsburgh on a National Institutes of Health website. It directs searchers to the Telegram user who offered to sell Insider cocaine, heroin, and methamphetamines. The proliferation of drug ads in search results lands amid a growing upswell of discontent with what some users and website owners say is the declining quality of Google Search. For now, a simple Google search leads prospective drug buyers to markets on Telegram.

Persons: Jake Swearingen, Jane, Ted Kubaitis, Katherine Long, Monica Barratt, Barratt, Kubaitis, Davis, Timothy Mackey, Mackey, Erin Lalor, Eric Schwartzman, They're, Zack Onisko, Dribbble Organizations: Google, Food and Drug Administration, Interpol, United Nations, Food, FDA, Ontario, UN, Drugs, US Postal Service, Cash, Telegram, Scottish, Royal Melbourne Institute of Technology, Centers for Disease Control, National Institutes of Health, Cleveland Clinic, Drug, Australian Alcohol and Drug Foundation, IRS, Tricare, Alabama Department of Public Health, East Tennessee State University, University of California, University of Chicago, The New York Times, Bloomberg, CNBC, The Washington Post, UC San Diego's Global Health, Data, Alcohol, Drug Foundation, East Tennessee University Locations: Ontario, Canada, cryptocurrency, Fresno , California, Pittsburgh, Clairton , Pennsylvania, New York, Dayton , Ohio, Goodlettsville , Tennessee, Alabama, Maine, Seattle

☆ California governor vetoes bill banning robotrucks without safety drivers
▼ + stars: | 2023-09-23 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

A veto by the governor can still be overturned if the legislature chooses to vote in favor of the bill with a two-thirds majority in each house. While many states, including Texas and Arkansas, have allowed the testing and operation of self-driving trucks, California - home to Alphabet (GOOGL.O), Apple (AAPL.O) and some of the most cutting-edge tech startups - bars autonomous trucks weighing more than 10,001 pounds. Developing autonomous technology has proved harder and more expensive than expected, leading to job cuts and even companies shutting shop. But labor unions led by the International Brotherhood of Teamsters have been calling for Governor Newsom to sign the bill, saying autonomous trucks - some of which weigh over 80,000 pounds - were unsafe and would lead to job losses. Governor Newsom in his veto message said any regulations framed by the department of motor vehicles would be transparent, with inputs from stakeholders and experts to ensure safety.

Persons: Tina Bellon, Gavin Newsom, Bill, Newsom, Abhirup Roy, Jan Harvey Organizations: REUTERS, FRANCISCO, U.S, Apple, Reuters, Daimler, Kodiak Robotics, International Brotherhood of Teamsters, Thomson Locations: Palmer, Dallas , Texas, U.S, California, Texas, Arkansas, Aurora, Southern California, San Francisco

☆ Huawei wants to go all in on AI in first strategy update in a decade, says Meng Wanzhou
▼ + stars: | 2023-09-21 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Meng Wanzhou, Huawei’s rotating chairwoman and chief financial officer, made the announcement in Shanghai during a company event. Huawei’s decision follows a similar move by fellow Chinese tech giant Alibaba (BABA), announced earlier this month, to prioritize AI. Hacking allegationsNews of Huawei’s strategic update came the same day the company was mentioned in allegations lodged by China against the United States. In 2019, Huawei was added to the US “entity list,” which restricts exports to select organizations without a US government license. In recent weeks, Huawei has added to US-China tensions again after launching a new smartphone that represents an apparent technological breakthrough.

Persons: Meng Wanzhou, Meng, “, China —, Ren Zhengfei, Mengchen Zhang Organizations: Hong Kong CNN, Huawei, Intelligence, Iran, US Department of Justice, China’s Ministry of State Security, United, US National Security Agency, NSA Locations: China, Hong Kong, Shanghai, Canada, United States

☆ US Navy 'Ghost Fleet' ships make first-of-its-kind visit in the Western Pacific as Pentagon looks to counter China's military mass with drones
▼ + stars: | 2023-09-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

US Navy drone boats made a first-of-its-kind visit to a key US ally in the Western Pacific. said Rear Adm. Blake Converse, deputy commander of US Pacific Fleet, in the statement. AdvertisementAdvertisementThe unmanned surface vessel Ranger transits the Pacific Ocean during Integrated Battle Problem (IBP) 23.2, Sep. 15, 2023. IBP 23.2 is a Pacific Fleet exercise to test, develop and evaluate the integration of unmanned platforms into fleet operations to create warfighting advantages. IBP 23.2 is a Pacific Fleet exercise to test, develop and evaluate the integration of unmanned platforms into fleet operations to create warfighting advantages.

Persons: Blake Converse, Jesse Monford IBP, Carl Vinson, Carlos Sardiello, Arleigh Burke, Jesse Monford, USVs, Kathleen Hicks, Hicks Organizations: Navy, Western Pacific, Pentagon, Service, Fleet, US Pacific Fleet, Pacific Fleet, US Marine Corps, Carrier, Initiative, DoD Locations: Western, Wall, Silicon, Western Pacific, Yokosuka, Japan, Pacific, Beijing, Washington, Taiwan

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