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☆ Harris defends CHIPS Act after House Speaker Johnson suggests GOP would try to repeal law
▼ + stars: | 2024-11-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

SHAWN THEW/Pool via REUTERSVice President Kamala Harris on Saturday criticized House Speaker Mike Johnson for suggesting that Republicans may try to repeal the CHIPS and Science Act if they win Congress, a remark he has since tried to walk back. "I also want to speak to the comments that have been recently made by the speaker of the House," Harris said in Milwaukee to a group of reporters. Now to get rid of the CHIPS Act," she added. Speaker Johnson, R-La., made the comment at a Friday campaign event in New York for House Rep. Brandon Williams, R-N.Y., a vulnerable GOP candidate in one of the most closely watched House races of this election cycle. The CHIPS Act passed Congress with bipartisan support in 2022.

Persons: Mike Johnson, Kamala Harris, Joe Biden's, SHAWN THEW, Harris, Donald, We've, Johnson, Brandon Williams Organizations: REUTERS, Affordable, House Rep, GOP Locations: Washington , DC, USA, Milwaukee, New York

☆ Honeywell signs deal with Google to bring Gemini generative AI to industrial sector
▼ + stars: | 2024-10-21 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

"Everyone has that problem in industrials," he said at the recent CNBC Evolve AI Opportunity event. The Google AI will offer images, videos, text and sensor readings to engineers. According to Honeywell data, 82% of companies in the industrial sector that consider themselves AI leaders are behind on adoption, with only 17% having fully launched initial AI plans. Siemens and Microsoft announced a gen AI deal for the industrial sector late last year, which included an AI copilot for use across industries. "Awareness is high, adoption is low, but there will be an inflection point," he said at the recent CNBC AI event.

Persons: Rick Osterloh, Vimal Kapur, Kapur, Suresh Venkatarayalu, Carrie Tharp, Delangue Organizations: Devices, Google, Honeywell, CNBC, Honeywell Forge, Workers, Companies, Gemini, Amazon, Nvidia, Siemens, Microsoft Locations: Mountain View , California, industrials

☆ Ukraine gives the US a sweet deal with one dead Russian soldier for every $20,000 spent on drones, unit commander says
▼ + stars: | 2024-10-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

A Ukrainian drone commander says his unit can use $100 million to carry out 5,000 lethal strikes, per The Atlantic. The big takeaway was that, on average, for each $20,000 spent on his unit, Ukraine could score one kill on Russian forces. According to The Atlantic's writers, the commander's slides said that a drone unit funded with $100 million could stay on the battlefield for a full year, carrying out 5,000 lethal strikes. AdvertisementThe commander is based out of Kharkiv, according to his Telegram channel, which publishes clips of his drones attacking Russian forces and equipment. In February, Ukraine's then-military chief, Valerii Zaluzhnyi, called for a mindset shift away from a reliance on Western aid and instead toward cheap drones.

Persons: —, Karl Marlantes, Elliot Ackerman, Achilles, David Hambling, Joe Biden, Donald Trump, Vladimir Putin, Biden, Ukraine's, Valerii Zaluzhnyi, Stanislav Ivanov, Oleksandr Syrskyi, Oleksandr Kamyshin, Jake Epstein, Volodymyr Zelenskyy Organizations: Service, West, 92nd Assault Brigade, Ukraine, Capitol, Kyiv wanes, Kiel Institute, Getty Locations: Ukrainian, Ukraine, The, Russia, China, Iran, Kharkiv, Kyiv

☆ China Shows Few Signs of Tilting Economy Toward Consumers in New Plan
▼ + stars: | 2024-07-21 | by ( Keith Bradsher | Chris Buckley | ) www.nytimes.com time to read: +1 min

China engaged in a monthslong drumbeat of anticipation that a Communist Party leaders’ meeting would show the way to a new era of growth for the slowing economy. The outcome was a plan released on Sunday offering more than 300 steps on everything from taxes to religion. Many economists had called for a comprehensive effort to rebalance the Chinese economy away from investment and toward consumer spending. The party promised to “promote the development of strategic industries” in eight sectors, from renewable energy to aerospace. Those were essentially the same industries as in the country’s decade-old Made in China 2025 plan to replace imports of high-tech goods with locally produced products, as part of a national push for self-reliance.

Persons: ’, — Organizations: Communist Party, Communist Party’s Central Committee Locations: China

☆ Ukraine is cranking out lots of homemade weapons but needs more of a key ingredient, defense industry official says
▼ + stars: | 2024-07-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewUkraine is rapidly producing a variety of homemade weapons as its defense industry aims to meet the needs and demands of soldiers fighting on the front lines. But a senior official says Kyiv still needs more of a key ingredient to keep the arms flowing. Now, the country is cranking out its own drones, artillery, missiles, and more at a breakneck pace to supplement this inventory. Kamyshin said Ukraine will always be reliant on Western support because there's no one country that can outproduce Russia right now. Meanwhile, Ukraine is taking greater steps to further integrate its domestic defense industry with those of NATO and the European Union.

Persons: —, Oleksandr Kamyshin, We've, Kmayshin, Paula Bronstein, Kamyshin, Pavlo Bahmut Organizations: Service, Business, NATO, Publishing, Getty Images, Neptune, Fleet, European Union Locations: Ukraine, Washington, Kyiv, Russia, North Korea, Iran, Moscow, Soviet, Ukrainian, Getty Images Ukraine, Russian, NATO, Western, Soviet Union, Europe

☆ Ukraine is on track to make 'significantly' more 'mortar drones' than it planned, defense industry official says
▼ + stars: | 2024-07-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Oleksandr Kamyshin, who serves as Ukraine's minister of strategic industries, shared in December that Kyiv planned to produce 1 million first-person-view, or FPV, drones by 2025. "This year we will produce significantly more than 1 million" of the FPV drones, Kamyshin told Business Insider this week, providing an update on the production efforts but declining to provide specific figures. Throughout much of Russia's brutal war in Ukraine, FPV drones have been heavily featured in combat. AdvertisementUkrainian FPV drone operator from the 53rd Mechanized Brigade launches a drone toward Russian positions in Donetsk Oblast. He referred to FPV drones as "mortar drones" and "artillery drones" in a nod to their explosive potential that's similar to the ranged weapons.

Persons: —, Oleksandr Kamyshin, Kamyshin, Ukraine Kamyshin, Paula Bronstein Organizations: Service, Business, 53rd Mechanized Brigade, General Staff of, Armed Forces, NATO Locations: Ukraine, Ukrainian, Donetsk Oblast, Washington ,, Russia, Kyiv, Washington, Soviet

☆ A Ukrainian minister says she's frustrated by the West's inability to adapt its weapons to Russian tactics: report
▼ + stars: | 2024-07-10 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Western-supplied weapons are having a diminished impact in Ukraine as Russia adapts its tactics. A Ukrainian minister expressed frustration at the pace of adaptation, The Wall Street Journal reported. AdvertisementA Ukrainian minister has expressed concerns over the lack of adaptation in weapons being sent to Ukraine from the West. Some weapons systems that were immensely effective when they were first deployed in Ukraine have since seen limited results or have even fallen by the wayside as Russian forces adapt their tactics to counter them. Anna Gvozdiar, Ukraine's minister of strategic industries, told The Wall Street Journal that she was frustrated that these systems were not being adapted to catch up.

Persons: —, Anna Gvozdiar Organizations: Street Journal, Service, Wall Street Journal, Business Locations: Ukraine, Russia

☆ China Launches Powerful Jielong-3 Rocket, Paves Way for More Commercial Missions
▼ + stars: | 2024-02-03 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

BEIJING (Reuters) - A small but powerful Chinese rocket capable of sending payloads at competitive costs delivered nine satellites into orbit on Saturday, Chinese state media reported, in what is gearing up to be another busy year for Chinese commercial launches. It was the third launch of the rocket, developed by China Rocket Co, a commercial offshoot of a state-owned launch vehicle manufacturer, since December 2022. The cost is similar to the launches of other Chinese small-lift rockets including the Long March 11, but their payload sizes are significantly smaller. Other commercial companies in the Chinese vehicle launch sector includes Galactic Energy, whose Ceres-1 rocket made its debut flight in November 2020. Ceres-1 is capable of delivering a 300 kg payload to a 500 km sun-synchronous orbit.

Persons: Xi Jinping, Ryan Woo, Jacqueline Wong Organizations: China, Co, Geely Holding, CAS Space, Chinese Academy of Sciences, Galactic Energy Locations: BEIJING, Yangjiang, Guangdong, Guangzhou, Lijian, Ceres, Beijing, Shandong

☆ Ukraine war updates: Drone strikes hit St. Petersburg; Russia rejects U.S. arms control talks
▼ + stars: | 2024-01-19 | by ( Elliot Smith | ) www.cnbc.com time to read: 1 min

Ukraine targeted the Russian city of St. Petersburg with a drone attack overnight, Ukraine's minister of strategic industries, Oleksandr Kamyshin, told a panel at the World Economic Forum in Davos, according to Interfax news agency. Russia claimed on Thursday that Ukraine had attacked several areas of the country with drones, including the northwestern Leningrad region for the first time. Ukrainian President Volodymyr Zelenskyy on Thursday night urged allied countries to ensure that sanctions against Russia are fully enforced. "The terrorist state manufactures weapons, including missiles. There are dozens of critical components in each of them that were manufactured abroad, many of which were produced by companies from the free world," he said in a post on X.

Persons: Oleksandr Kamyshin, Volodymyr Zelenskyy Organizations: Economic Locations: Ukraine, Russian, St, Petersburg, Davos, Russia, Leningrad

☆ Ukraine says it flew a drone over Putin's woodland palace, evading its heavy defenses
▼ + stars: | 2024-01-19 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine launched a drone attack on a St Petersburg oil terminal on Thursday, per multiple sources. AdvertisementUkraine sent a drone flying over President Vladimir Putin's palace at Lake Valdai during an attack on a St Petersburg oil depot, a military source claimed on Friday. Set next to Lake Valdai, halfway between Moscow and St Petersburg, the vast woodland complex is considered one of Putin's favorite boltholes. The strike, Kamyshin said, showed that St Petersburg was now "within reach of Ukrainian forces," per the Kyiv Independent's translation. "We are able to produce something that flies and costs $350 per item, something that flew to St Petersburg this night," he said.

Persons: —, Vladimir Putin's, Oleksandr Kamyshin, couldn't, Alina Kabayeva, Vladimir Putin, Alina Kabaeva, Sasha Mordovets, Navalny.com Kamyshin, Baza, Kamyshin, Ukraine's Organizations: RBC, Service, Kyiv Independent, St, Moscow Times, Russia's Ministry of Defence, Popular, Russian Telegram, Economic, Pentagon Locations: Ukraine, St Petersburg, Valdai, Russia, Lake, Ukrainian, Moscow, Russian, Petersburg, Baltic, Leningrad, Davos, Switzerland

☆ Ukraine says one of its 'FrankenSAM' air-defense weapons just recorded its first kill
▼ + stars: | 2024-01-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. In early December, the Pentagon announced technical assistance "to start local production of some of the FrankenSAM projects." Later that month Kamyshin announced that "FrankenSAM" systems were already in use on the front lines. Kamyshin did not mention what type of weapon was used in the strike, which Business Insider could not independently verify. AdvertisementInexpensive exploding drones have been central to Russia's strategy of bombarding key Ukrainian infrastructure, often forcing Ukraine to counter with more costly air defenses.

Persons: —, Oleksandr Kamyshin, Kamyshin, Volodymyr Zelenskyy, Erin Snodgrass Organizations: Service, Business, Economic, Suspilne, Pentagon, RIM, AIM, Soviet, Patriot, New York Times Locations: Ukraine, Russian, Davos, Switzerland

☆ Google Cloud launches new generative AI tools for retailers
▼ + stars: | 2024-01-11 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Google launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday. Google Cloud's offerings are the latest example of generative AI's growing influence in the retail industry. Google's newly unveiled AI products additionally include tools for enhancing retailers' customer service systems and expediting their product cataloging processes. Beyond online shopping, brick-and-mortar stores are also getting new AI capabilities through Google Distributed Cloud Edge, an existing hardware and software product. The announcement of Google Cloud's latest AI tools comes just days before the start of the National Retail Federation's annual convention in New York City.

Persons: Carrie Tharp Organizations: Google, Amazon, National, CNBC PRO Locations: New York City

☆ Ukraine's new defense minister says he wants to rebuild the country's military industrial complex
▼ + stars: | 2023-09-23 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Ukraine's new defense minister says the country is focusing on increasing local arms production. In the meantime, the US has announced another boost to artillery shell production to aid Ukraine. Now, two weeks into the job, Umerov said one of his top priorities is to rebuild Ukraine's cache of ammunition by ramping up local production, using local manufacturers whenever possible, The Economist reported. Umerov said he plans to boost local production by reforming state enterprises and incentivizing private arms manufacturers, which make up between 20% and 30% of local production, according to The Economist. Under Umerov, those private manufacturers could eventually account for as much as 80% of local output within five years, Oleksandr Kamyshin, Ukraine's minister of strategic industries, told the outlet.

Persons: Rustem Umerov, Umerov, Bill LaPlante, Oleksandr Kamyshin Organizations: US, Service Locations: Ukraine, Wall, Silicon, Russia

☆ Ukraine war: Kyiv's burgeoning weapons industry is enabling it to project power far beyond the front lines
▼ + stars: | 2023-09-02 | by ( Tim Lister | ) edition.cnn.com time to read: +10 min

CNN —In the early hours of August 29th, swarms of Ukrainian drones flew across seven Russian regions. One Russian blogger complained that the Pskov strike indicated that Russian air defenses had not adapted to defend against repeated Ukrainian drone strikes. The damage being done is not going to break the back of the Russian air force, but it has become a serious irritant. Open-source reporting suggests there are at least several Pantsir-2 air defense batteries around Moscow. Such weapons put Russian forces on notice that they are vulnerable far from the front lines.

Persons: Volodymr Zelensky, Russia –, Volodymyr Zelensky, Oleksiy Reznikov, Mykhailo Podolyak, Vitalii, Danilov, ” Zelensky, Podolyak, Kyrylo Budanov, gamesmanship –, Mick Ryan, Budanov, Yuriy Inhat, Putin, ” Organizations: CNN, Defense, “, Getty Senior, National Security and Defense, Ukraine’s, of Strategic Industries, Strategic Communication, Ukrainian Defense Intelligence, SIG, The, Ukrainian Air Force Locations: Pskov, Ukrainian, Ukraine, Russian, Crimea, Russia, Moscow, “ Ukraine, Kyiv, Kerch, Novosibirsk, Australian, Crimean, Kherson, Luhansk, Zaporizhzhia, Berdiansk, Donetsk

☆ Ukrainian weapons can now hit targets 430 miles away, Zelenskyy says, threatening to bring the war deeper inside Russia's borders
▼ + stars: | 2023-09-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

He said Ukrainian weapons can hit Russian targets more than 430 miles away. It means Ukraine has extended the range of its attacks and can strike deep within Russia's borders. AdvertisementAdvertisementIn a Facebook post Thursday, he posted a video apparently showing a long-range Ukrainian missile test. Ukrainian Main Military Intelligence Directorate Head Major General Kyrylo Budanov said that Ukraine has the capacity to strike targets anywhere in Crimea, the Ukrainian peninsula occupied by Russia since 2014. As part of that drive, Ukraine has launched attacks on cities and military targets in Russia apparently aimed at sapping Russian morale.

Persons: Volodymyr Zelenskyy, Zelenskyy, Oleksiy Danilov, Kyrylo Budanov Organizations: Service, Ministry of Strategic Industries, Ukraine, Ukrainian National Security and Defense, Main Military Intelligence Locations: Ukrainian, Ukraine, Russia's, Wall, Silicon, Pskov, Russia, Washington, DC, Russian, Crimea

☆ Ukraine minister in 'disbelief' at closed Kyiv bomb shelters
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

KYIV, June 4 (Reuters) - A senior Ukrainian government official expressed "disbelief" on Sunday after learning that nearly half of Kyiv bomb shelters inspected during an initial audit were closed or unfit for use. President Volodymyr Zelenskiy ordered an inspection of all Ukrainian shelters on Friday, a day after three people were killed in Kyiv when they were unable to access one during a Russian air strike. "I greeted with disbelief that fact that half were open and considered ready," he wrote on the Telegram messaging app. "Yesterday, when we selectively checked the shelters in the Obolon district with our mayor, the absolute majority of the shelters were closed." Thursday's deaths caused a public outcry and a promise of a harsh response by Zelenskiy, which appeared aimed at Kyiv mayor Vitali Klitschko, who has clashed with the president before.

Persons: Volodymyr Zelenskiy, Oleksandr Kamyshin, Kamyshin, Vitali Klitschko, Klitschko, Dan Peleschuk, Nick Macfie Organizations: Thomson Locations: Ukrainian, Kyiv, Obolon, Ukraine, Russia

Zelenskiy says he needs to show that Ukraine was a safe steward of billions of dollars of Western military and other aid. Ukrainian aircraft have launched nine strikes on areas of concentration of Russian forces and two anti-aircraft positions, it said. Arakhamia had said the 37-year-old head of military intelligence, Kyrylo Budanov, would replace Reznikov, who would become minister of strategic industries. One obstacle to replacing Reznikov with Budanov, a fast-rising officer decorated for operations that remain secret, is a rule requiring the defence minister to be a civilian. Ukraine said on Monday evening that Russian forces had trained tank, mortar and artillery fire there in the past 24 hours.

A day after announcing that Defence Minister Oleksii Reznikov would be replaced, a top ally of President Volodymyr Zelenskiy appeared to row back for now, saying no personnel changes in the defence sector would be made this week. Two senior lawmakers on Monday noted that rules require Ukraine's defence minister to be a civilian, which would appear to put an obstacle in the way of the immediate appointment of Budanov, a 37-year-old military officer. 'WAR DICTATES CHANGES'Arakhamia said Ukraine's armed forces should not be overseen by politicians during wartime, but by people with a background in defence or security. As a wartime defence minister, Reznikov, 56, fostered ties with Western defence officials and helped oversee the receipt of billions of dollars of military aid to help Kyiv fend off the Russian invasion. During his tenure as defence minister, he spoke out strongly about wartime corruption, which he said was akin to "marauding".

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