DIRS.INFO The most relevant business & tech news

☆ India 'confident' new EV policy measures will allow more foreign players to enter market
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

"It was meant for all global EV manufacturers and domestic manufacturers." While much of the "buzz has been around Tesla," Singh underscored the initiatives will also attract other foreign automakers, highlighting that Vietnam's leading EV maker "VinFast has already announced its intent." In February, VinFast broke ground on its integrated EV manufacturing facility in India's southern state of Tamil Nadu. As competition in India's EV sector remains limited, the entry of major players like Tesla, will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba told CNBC. Robust trajectoryAccording to Counterpoint Research, India's EV sales nearly doubled in 2023, driven by rising consumer interest and government initiatives, among other factors.

Persons: Rajesh Kumar Singh, CNBC's, Singh, VinFast, Elon Musk, Narendra Modi, Tesla, Rajeev Chaba, EVs, Modi, Ola, Bain Organizations: Department, Promotion, Industry, Internal, EV, CNBC's Sri, Motor, CNBC, Counterpoint Research, International Energy Agency, TVS Motor, Bajaj, Ampere, Bain & Company Locations: India, Tamil Nadu, China

☆ Jeff Bezos' hard-driving approach is good for business but may lack empathy, Harvard professor says
▼ + stars: | 2024-04-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

A Harvard Business School professor was asked to break down Jeff Bezos' leadership style on a recent podcast. But good leadership also requires empathy, an area where Bezos is seemingly lacking, Gupta said. His inventiveness, fearlessness, and focus have all played a key role in Amazon's growth, said Sunil Gupta, a Harvard Business School professor who has studied Bezos for years. Gupta broke down how Bezos's character has helped Amazon grow on a recent episode of Harvard Business Review's "On Strategy" podcast. Amazon workers rally in support of unionization efforts, March 2021.

Persons: Jeff Bezos, Sunil Gupta, Gupta, —, he's, He's, FREDERIC J . BROWN, Bezos Organizations: Harvard Business School, Service, Harvard Business, Harvard, Nomad Ventures, Inc, Getty, Amazon, Washington Post, Gallup

☆ What to Know About Venice’s Fees for Day Trips
▼ + stars: | 2024-04-25 | by ( Elisabetta Povoledo | ) www.nytimes.com time to read: +1 min

After years of debate, Venice on Thursday will begin charging day visitors five euros to visit its fragile historic center on peak days, making it the first city in the world to adopt such a measure to counter overtourism. Critics question whether a nominal fee will put people off from visiting one of the world’s most desired destinations. But officials hope that it might encourage some to rethink their plans and decide to come on weekdays or in the off-season. About half of those visitors came only for the day, city officials said. The spirit of the initiative, city officials have said, is to make people aware of the uniqueness — and fragility — of Venice.

Persons: Nicola Camatti Organizations: Foscari University of Venice Locations: Venice

☆ You can get a crazy good deal on a used Tesla from Hertz right now — but know these risks
▼ + stars: | 2024-04-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Screenshot of used Tesla listing from Hertz Car Sales website. Hertz Car SalesIt's a screaming deal for shoppers in the market for a used Tesla or any budget-minded EV shopper, a demographic slowly making up most of the electric car market. AdvertisementMileage and battery usageA used Tesla that has been in a rental fleet is likely to used much more frequently than one that's been personally owned. You can see that in the difference in mileage when you look on Kelley Blue Book for a used Model 3. Screenshot of a used Tesla Model 3 listing on KBB Business InsiderAnother $20,125 Model 3 we found on the Hertz website in January, a 2021 model, was listed with 92,789 miles.

Persons: —, Hertz, Kelley, Tesla, iSeeCars Organizations: Service, Hertz, Business, Tesla, KBB, EV, quicken Locations: Southeast Michigan

☆ Mark Zuckerberg laid out 3 ways Meta will make money from its huge AI investments
▼ + stars: | 2024-04-25 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

In the next few years, Zuckerberg sees three ways AI can become a "massive business" for Meta. Related storiesHe sees "several ways" generative AI can make money, and laid out three specific paths to this becoming "a massive business" for Meta. Ads appearing in "AI interactions"Another way generative AI could make money for Meta is by "introducing ads or paid content into AI interactions," Zuckerberg said. AdvertisementSelling access to AI modelsA third distinct way Meta may make money from AI is by selling access to models as they get larger. "Enabling people to pay to use bigger AI models and access more compute," as Zuckerberg put it on Wednesday.

Persons: Mark Zuckerberg, Zuckerberg, —, we're, Meta Organizations: Meta, Service

☆ Supreme Court to hear Trump immunity claim in election interference case
▼ + stars: | 2024-04-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

The Supreme Court on Thursday is set to consider whether former President Donald Trump is immune from federal prosecution on criminal election interference charges. Along with Smith's case in Washington, D.C., Trump is charged in Georgia with attempting to reverse his loss to Biden in that state's 2020 contest. Trump will not be at the Supreme Court to hear the oral arguments because he is required to attend his New York criminal trial. ET before the nine justices, three of whom were nominated by Trump during his one term as president. The Supreme Court agreed to take up the case after two lower courts rejected Trump's claim that he is immune from the indictment being prosecuted by Smith.

Persons: Donald Trump, Jack Smith's, Joe Biden, Trump, Smith Organizations: Defense Department, HHS, White, Trump, Washington , D.C, Biden, Supreme Locations: Washington , U.S, Washington ,, Georgia, Manhattan, York

☆ Venice becomes world's first city to charge an entry fee for day-trippers
▼ + stars: | 2024-04-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Venice will begin on April 25, 2024 charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under the weight of mass tourism. Venice became the first city in the world to charge a payment for tourists in a bid to alleviate the pressures of mass tourism and make the city more livable for its residents. The pilot program will exact a fee of 5 euros ($5.4) from day-trippers to Venice, one of Italy's most picturesque and historic cities. Municipal workers were seen checking the tickets of day-trippers outside the front of the fragile lagoon city's Santa Lucia railway station. The charge applies to tourists arriving between 8:30 a.m. local time and 4 p.m., while access is free outside of those hours.

Organizations: Reuters Locations: Venice, Italy, Santa Lucia

☆ What if no one wants a cheap Tesla?
▼ + stars: | 2024-04-24 | by ( Matt Turner | Hayley Peterson | ) www.businessinsider.com time to read: +6 min

Even at a lower price, say $25,000, it's a very significant purchase — likely one of the most expensive purchases a person will make. AdvertisementSo let's for a second look at why a lower ticket price might not be a panacea for Tesla. There are many other Tesla buyers, of course, but as Tesla introduces lower-cost models in search of different buyers, needs will shift. Musk and Tesla are politicizedAs Tesla looks to lure potential new buyers with a cheaper car, it will have to contend with souring consumer sentiment toward the EV maker. Maybe the pool of buyers for a cheap Tesla will be ginormous.

Persons: —, Tesla, Elon Musk, TSLA, EVs, It's, BYD, Musk, it's Organizations: Service, Business, Tesla, EV, UBS, Infrastructure, Honda Civic, Toyota, Reuters, Bloomberg, Association, Renault, Elon Locations: California, headwinds, China, India

☆ US court sentences Chinese citizen to prison for threatening person who promoted democracy in China
▼ + stars: | 2024-04-24 | by ( Rob Frehse | ) edition.cnn.com time to read: +2 min

Xiaolei Wu, 26, who attended the Berklee College of Music in Boston, was convicted in January of one count of cyberstalking and one count of interstate transmissions of threatening communication, prosecutors said. Wu is no longer enrolled as a student at Berklee College of Music, the school told CNN Wednesday. CNN previously reported that Wu allegedly sent threatening messages to a person who posted a flier on or near the college campus supporting Chinese democracy, according to the complaint. “Post more, I will chop your bastard hands off,” Wu reportedly said on WeChat, a Chinese messaging app. Charging documents allege Wu reported the person to the Chinese government and told them its representatives would “greet” their family members.

Persons: Xiaolei Wu, Wu, ” Wu, Joshua S, Levy, Wu’s, ” Levy, “ Mr, ” Organizations: CNN, US, Berklee College of Music, Federal Public, Office, “, United, People’s, Berklee, Department, Justice Locations: China, Massachusetts, Boston, People’s Republic of China

☆ The Supreme Court is about to decide if a president can get away with committing crimes while in office
▼ + stars: | 2024-04-24 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +12 min

Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.

Persons: Donald Trump, Jack Smith's, —, Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County

☆ Tesla stock soars 14% after Elon Musk commits to affordable vehicle launch following Q1 earnings miss
▼ + stars: | 2024-04-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Tesla stock surged as much as 14% on Wednesday after the company reported 1st-quarter earnings. While the company badly missed analyst estimates, Elon Musk did commit to an affordable car. "We're updating our future vehicle lineup to accelerate the launch of our low-cost vehicles," Tesla said. So, I mean, if somebody doesn't believe Tesla is going to solve autonomy, I think they should not be an investor in the company," Musk said. While Ives remained bullish on Tesla stock, he did lower his price target to $275 from $300.

Persons: Elon Musk, Tesla, —, Lars Moravy, Musk, robotaxi, it's, Dan Ives, Ives Organizations: Elon, Service, Tesla, Reuters, Wall Street

☆ To Justify His Immunity Defense, Trump Flips the Prosecution Script
▼ + stars: | 2024-04-23 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

When the Supreme Court considers Donald J. Trump’s sweeping claims of executive immunity on Thursday, it will break new legal ground, mulling for the first time the question of whether a former president can avoid being prosecuted for things he did in office. But in coming up with the argument, Mr. Trump used a tactic on which he has often leaned in his life as a businessman and politician: He flipped the facts on their head in an effort to create a different reality. At the core of his immunity defense is a claim that seeks to upend the story told by federal prosecutors in an indictment charging him with plotting to overturn the 2020 election. In that indictment, prosecutors described a criminal conspiracy by Mr. Trump to subvert the election results and stay in power. In Mr. Trump’s telling, however, those same events are official acts that he undertook as president to safeguard the integrity of the race and cannot be subject to prosecution.

Persons: Donald J, Trump’s, Trump

☆ India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
▼ + stars: | 2024-04-23 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +4 min

India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.

Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, —, Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi

☆ How a Ford dealership saved me from a charging disaster my first time driving a Tesla Cybertruck
▼ + stars: | 2024-04-23 | by ( Graham Rapier | ) www.businessinsider.com time to read: +1 min

Tesla owners have told me for years that the Supercharger network was a huge selling point, and this trip proved that to be true. On the return trip, I simply plugged in a Supercharger along my route into the computer and headed down the road. The truck immediately began charging at warp speed compared to my other two tries, adding 140 miles of range every hour. I dropped off the truck with about 125 miles of range right next to a Supercharger. On my next road trip in an EV, I'll double-check my adapters — and not count on random ones to get the job done.

Persons: Superchargers, Graham, Supercharging Organizations: Graham Rapier Locations: Johnson City , Texas

☆ The electric car revolution is on track, says IEA
▼ + stars: | 2024-04-23 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“The continued momentum behind electric cars is clear in our data, although it is stronger in some markets than others,” IEA executive director Fatih Birol said in a statement. Last year, global EV sales grew 35% to almost 14 million. “Intensifying market competition and improving battery technologies are expected to reduce (EV) prices in the coming years,” the IEA said. “Growing electric car exports from Chinese automakers, which accounted for more than half of all electric car sales in 2023, could add to downward pressure on purchase prices,” it added. By 2030, almost one in three cars on the roads in China is set to be electric, according to the IEA.

Persons: —, Tesla, “, Fatih Birol, China’s BYD, Brandon Bell, EVs, ” Birol Organizations: London CNN — Global, International Energy Agency, IEA, Li, Getty, European Union, EV, Volkswagen, Audi, BMW Locations: China, Chinese, Germany, United States, Austin , Texas, EVs, Europe

☆ The American Kennel Club's pedophile problem
▼ + stars: | 2024-04-23 | by ( Katherine Long | ) www.businessinsider.com time to read: +26 min

The mother contacted the American Kennel Club, the organization that oversees most dog shows in the country. The AKC helps local kennel clubs enforce rules about conduct and animal treatment. The bulk of the organization's income comes from the dog-show community, in the form of event and registration fees paid by local kennel clubs and breeders. The debate is taking place as kennel clubs try to entice younger children to show dogs. Many dog shows include competitions for junior handlers, including a "Pee Wee" division for kids under the age of 10.

Persons: Adam Wilkerson, She'd, Wilkerson, —, It's, Brandi Hunter Munden, Munden, eyeing, Andrew Mansfield, Mansfield, Walter Palmerino, Palmerino, I'm, John Cathcart McCartney, McCartney, Eugene Zaphiris, Zaphiris, he's, Adam Stafford King, King, Jacob Boudreau, Boudreau, Dennis, Margaret Poindexter, Deb Cooper, Ashley Miller, Miller, Shimpeno's, Shimpeno, Mary Dukes, Dukes, they've, it's, Susan Shephard, West Volusia Kennel Club Shephard, hadn't, Shephard, Tonda Curry, Curry, who's, Paige McCarver, groomer, McCarver, She's, we're, Wilkerson's, she's Organizations: Westminster Kennel, Business, BI, American Kennel Club, AKC, Getty, Dog, Wisconsin, Police, American Kennel, Grand Central, Purina, ABC, ESPN, AKC Canine Health Foundation, AKC Museum, Preservation Bank, Mars, Royal, Dog News, Kids, Florida's West Volusia Kennel Club, West Volusia Kennel Club, Boy Scouts, New York Times, US Equestrian Federation Locations: Dallas, Michigan, Florida, Louisiana, Massachusetts, American, Wee, Munden, Texas, Arizona

☆ How Amazon won over skeptical advertisers to get Prime Video off to a strong start
▼ + stars: | 2024-04-23 | by ( Lucia Moses | Lauren Johnson | ) www.businessinsider.com time to read: +5 min

Amazon is also staffing up for Prime Video sales teams, recently hiring ad veteran and former NBCUniversal sales exec Krishnan Bhatia as VP of global video advertising for Amazon Ads. Advertisers' initial reaction to Prime Video ads was mixedAdvertisers reacted with a mix of excitement and skepticism when Prime Video entered the TV ad market last year. Amazon estimated Prime Video ads would reach 115 million monthly viewers in the US. AdvertisementBut the skepticism was short-lived as Amazon set Prime Video up for success in several ways. Amazon will also have to start regularly sharing data showing advertisers how many people are actually watching Prime Video and for how long.

Persons: —, Krishnan Bhatia, Amazon, It's Organizations: Service, Business, YouTube, Hulu, Amazon, Comcast, Disney, Etihad, Best, Samsung's, Prime, Amazon Ads, Netflix, Street Journal

☆ Meet the private doctor to the wealthy — at $40,000 a year
▼ + stars: | 2024-04-22 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

When people ask Dr. Jordan Shlain to describe his medical practice, he says simply: "It's a family office for your health." Rather than simply offering on-call doctors and faster visits, Private Medical has pioneered a highly personalized, all-in-one service that's more akin to the most sophisticated family offices for investments. Like family offices, Private Medical has an in-house team to manage a family's entire health portfolio – from fitness and dietary tracking to longevity research, surgeries and medical emergencies. Private Medical doesn't advertise and gets most of its business through referrals. Shlain declined to give specifics on price, but clients of Private Medical say it charges $40,000 a year for each adult patient and $25,000 per patient under the age of 18.

Persons: Robert Frank, Jordan Shlain, Shlain Organizations: Private, Private Medical, California —, Research Locations: California, California — San Francisco, Silicon Valley, Santa Monica, Beverly Hills —, York, Miami

☆ NYC's EV revolution is riding on Uber and Lyft drivers
▼ + stars: | 2024-04-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +13 min

For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. A study by the US Department of Energy found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. A mad dash for EV licensesThe transition is getting an early test this year now that thousands more ride-hailing drivers have licenses. AdvertisementIn October, the Taxi & Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. In exchange, Uber drivers will get up to a 25% discount when they charge.

Persons: Manhattan, Tesla, Eric Adams, Bobby Familiar, Revel, Michael Replogle, David Do, Aeraj Qazi, Qazi, Guillermo Fondeur, Uber, he's, Fondeur, Adams, EVs, Con Edison, Flo, Replogle, it's, Josh Gold, Uber's, that's, Do, we've, Juliana Kaplan Organizations: EV, US Department of Energy, Business, NYC's Department of Transportation, Chargers, Taxi, Limousine Commission, TLC, New York Taxi Workers Alliance, Rentals, Department of Transportation, DOT, LaGuardia Airport, Tesla, Gravity, Green, Initiative Locations: New York City, Queens, NYC, Canadian, Canada, EVs, Manhattan, America

☆ Oklahoma double murder: Why prosecutors accused the grandmother
▼ + stars: | 2024-04-21 | by ( Rachel Clarke | ) edition.cnn.com time to read: +12 min

Investigators say they were deliberately killed by Adams, Cullum and the Twomblys. Bottom row: Tad Cullum and Tifany Machel Adams Oklahoma State Bureau of InvestigationAt about that time, Adams did an online search for how to get someone out of their house. Adams told officers she had called Butler to check if she was coming for the usual Saturday visit. She said Butler told her that something had come up and she could not make it. And she said her mother told her the two couples were involved in the killings.

Persons: CNN — Tifany Machel Adams, Veronica Butler, Adams, Tad Cullum, Cole, Cora Twombly, Butler, Adams ’, Jilian Kelley, Tifany Machel Adams, Charles Laughlin, Laughlin, Kelley, Cullum, anvils, Cole Twombly, Wrangler Rickman, Rickman, Veronica Butler Oklahoma State Bureau of Investigation Kelley, Cheryl Brune, Brune, Melissa, Joey Padilla, KWCH, Matt Boley, “, ”, Hugoton, Heath Kelley, boyfriend Cullum, –, KFDA, sobs, Butler’s, “ She’s, ” Junia Butler, Veronica’s Organizations: CNN, Tifany Machel Adams Oklahoma State Bureau of Investigation, Veronica Butler Oklahoma State Bureau of Investigation, Oklahoma State, ”, Oklahoma State Bureau of Investigation, Kansas, Chevrolet, Christian, Christian Post, Courthouse, KFDA Locations: Texas, Oklahoma, Oklahoma’s, Kansas, Hugoton , Kansas, Tifany Machel Adams Oklahoma, Oklahoma City, Hugoton, Veronica Butler Oklahoma, Texas County, Colorado, El Paso, Nebraska, Texas County , Oklahoma

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ The most electric vehicle-friendly states, ranked
▼ + stars: | 2024-04-20 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

EV Charger Reviews evaluated the most electric vehicle-friendly states. They evaluated states based on factors including electricity costs and state tax credits. Maine was ranked the top state for EVs, followed by Colorado and Vermont. EV Charger Reviews used data from sources such as the US Department of Energy, the US Census Bureau, and the US Energy Information Administration to evaluate the EV factors in all 50 states. Each factor was assigned a numerical score and ranking, which helped determine the states' overall scores.

Persons: Maine Organizations: Colorado and, Service, US Department of Energy, Census Bureau, US Energy Information Administration Locations: EVs, Colorado, Colorado and Vermont

☆ How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
▼ + stars: | 2024-04-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

watch nowHELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park. "That doesn't happen without the bitcoin miners and us being globally distributed." MacKenzie SigalosWherever the operation, bitcoin mining is a volatile business, because so much of the economics depends on the price of the cryptocurrency. Before getting into bitcoin mining, he and his two co-founders, Philip Walton and Janet Maingi, spent years building internet connectivity infrastructure in rural and urban Africa. Demand from bitcoin miners on these semi-stranded assets is making renewables in Africa economically viable.

Persons: Jack Dorsey's, MacKenzie Sigalos, Erik Hersman, Bitcoin, Gridless, Lake Naivasha, bitcoin, Adam Sullivan, Philip Walton, Janet Maingi, Michael Gottschalk, Nic Carter, Carter, Hersman, It's, it's Organizations: CNBC, Kenyan, Core, Deutsche Bank, Marathon, United Arab, Getty, Island Ventures, Miners, International Energy Agency Locations: Kenya, Nairobi, Lake Naivasha, Malawi, Zambia, Venezuela, Lebanon, Gate, Lake, U.S, Texas, Russia, China, America, Africa, Toronto, Argentina, Florida, United Arab Emirates, Paraguay, Hersman, Sudan, Iceland, El Salvador, Bhutan

☆ 3 in-demand, high-paying side hustles—some can pay more than $200 an hour
▼ + stars: | 2024-04-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Americans are diving into freelancing — 38% performed freelance work in 2023, according to Upwork's December 2023 Freelance Forward survey. You can write people's video game profiles, get paid to pretend to be someone on their dating profiles or even get paid to stand in line for people. Here are three high-paying, in-demand side hustles to consider according to Kristof and Daniella Flores, founder of side hustle blog I Like to Dabble. If you're interested in learning how it works, there are all sorts of online courses on sites like Coursera and tutorials by Google itself. When you take the courses, "you're often connected to the people who are going to hire you in the end," says Kristof.

Persons: Kathy Kristof, Kristof, Daniella Flores Organizations: Social, Google, IBM, Apple, National Initiative, Cybersecurity Careers Locations: cybersecurity

☆ TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips
▼ + stars: | 2024-04-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025. Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

Persons: —, TSMC, Biden, Joe Biden, — TSMC, Dylan Patel, SemiAnalysis, that's, Morris Chang, C.C, Wei Organizations: Service, Taiwan Semiconductor Manufacturing Company, Business, Biden, Financial Times Locations: Taiwan, Arizona, Phoenix, Japan, Germany

Search resuls for: "Charging"

25 mentions found