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☆ NBA and NHL broadcasts are coming soon to immersive ‘shared reality’ domes
▼ + stars: | 2023-10-31 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTCosm's shared reality dome concept for viewing live sports broadcasts. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans. The Cosm venues will feature domes with 360 degree, 87 foot diameter 8K LED screens that are similar in concept to James Dolan's Las Vegas Sphere, which debuted in September. Ours is more of a smaller format and really focused on live sports and live programing — like you're absolutely there." Terry's first priority is to use the TNT Sports deal as a template to get more live sports rights into the venues for fans.

Persons: Cosm, James Dolan's, they've, Jeb Terry, Tayfun, Steve Winn, RealPage, Thoma, Terry, He's, Evans & Sutherland, There's, Raphael Poplock, Poplock, it's Organizations: Warner Bros ., Dallas —, TNT, NBA, CNBC, Anadolu Agency, Getty, National Basketball Association, National Hockey, Women's National Soccer Team, Mirasol, Thoma Bravo, National Football League, Tampa Bay Buccaneers, Fox Sports, Evans &, Warner Bros, NHL, HBO, Max, TNT Sports, Turner, Entertainment Locations: Los Angeles, Dallas, Las Vegas

☆ China's youngest-ever crew of astronauts heads to space station
▼ + stars: | 2023-10-26 | by ( Ryan Woo | ) www.reuters.com time to read: +3 min

China... Acquire Licensing Rights Read moreBEIJING, Oct 26 (Reuters) - The youngest-ever crew of Chinese astronauts departed for China's space station on Thursday, paving the way for a new generation of "taikonauts" to advance the country's space ambitions in the future. Leading the six-month mission was former air force pilot Tang Hongbo, 48, who was on the first crewed mission to the space station in 2021. By contrast, his fellow Shenzhou-17 crew members Tang Shengjie, 33, and Jiang Xinlin, 35, both travelling to space for the first time, joined China's third batch of astronauts in September 2020. The Shenzhou-17 astronauts will replace the Shenzhou-16 crew, who arrived at Tiangong at the end of May. Shenzhou-17 marks China's 12th crewed mission since Yang Liwei's solo spaceflight in October 2003, the first Chinese national in space.

Persons: Tang Hongbo, Tang Shengjie, Jiang Xinlin, Tang, Tiangong, Jing Haipeng, Zhu Yangzhu, Gui Haichao, Zhu, Gui, Yang Liwei's, Ryan Woo, Tom Hogue, Gerry Doyle Organizations: taikonauts, People's Liberation Army, NASA, Space, U.S, Thomson Locations: Jiuquan, Gansu province, China, BEIJING, Hong Kong, Macau, Tiangong

☆ Here are the 14 highest-paying bachelor's degrees
▼ + stars: | 2023-10-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Insider examined the median earnings by field of bachelor's degree using data from the Census Bureau. Finance, accounting, and nursing are non-engineering degrees that also had high median earnings. The following chart shows median earnings based on the field of the bachelor's degree for the first major reported by survey respondents. Below are the highest median earnings by field of bachelor's degree based on just those with a bachelor's. Looking at these results, which include graduates that might have more advanced degrees, the median earnings for electrical engineering was $121,600.

Persons: — Organizations: . Finance, Service, Survey

The new portals, equipped with high-speed cameras, will take hundreds of pictures of every passing locomotive and rail car. Unlike previous versions, these new inspection portals will be able to capture all sides of a train that passes through them with well-lit images. University of Delaware professor Allan Zarembski, who leads the Railroad Engineering and Safety Program there, said it's significant that Norfolk Southern is investing in so many of the portals. The Atlanta-based railroad didn't say how much it is investing in the technology it worked with Georgia Tech to develop. That crash put the spotlight on railroad safety nationwide and prompted calls for reforms.

Persons: carmen, Allan Zarembski, David Clarke, ” Clarke, “, Norfolk, We’re, John Fleps, Alan Shaw's Organizations: Norfolk Southern, Rail, University of Delaware, Railroad Engineering, Safety, CSX, University of Tennessee’s Center for Transportation Research, Georgia Tech Locations: OMAHA, Neb, Norfolk, Ohio, Leetonia , Ohio, East Palestine, Atlanta, Palestine

☆ China's Youngest-Ever Crew of Astronauts Heads to Space Station
▼ + stars: | 2023-10-25 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Ryan WooBEIJING (Reuters) -The youngest-ever crew of Chinese astronauts departed for China's space station on Thursday, paving the way for a new generation of "taikonauts" to advance the country's space ambitions in the future. Leading the six-month mission was former air force pilot Tang Hongbo, 48, who was on the first crewed mission to the space station in 2021. Tang, from China's second batch of astronauts in 2010, had to wait more than a decade before he was picked for his inaugural spaceflight in 2021. By contrast, his fellow Shenzhou-17 crew members Tang Shengjie, 33, and Jiang Xinlin, 35, both travelling to space for the first time, joined China's third batch of astronauts in September 2020. China has already kickstarted the selection process for the fourth batch of astronauts, seeking candidates with doctoral degrees in disciplines from biology, physics and chemistry to biomedical engineering and astronomy.

Persons: Ryan Woo BEIJING, Tang Hongbo, Tang, Tang Shengjie, Jiang Xinlin, Ryan Woo, Tom Hogue, Gerry Doyle Organizations: taikonauts, People's Liberation Army Locations: China, Hong Kong, Macau

☆ Pakistan joins China's club of lunar base partners
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 20 (Reuters) - Pakistan has joined China's expanding club of partners in an ambitious project to build a research station on the moon's south pole. Jointly with Chinese Premier Li Qiang, Pakistan's caretaker Prime Minister Anwar ul Haq Kakar witnessed the signing of an initial cooperation agreement in Beijing on Wednesday. The China National Space Administration said on Friday cooperation would cover areas including the engineering and operational aspects of the Chinese lunar base programme. China, which aims to become a major space power by 2030, has already secured cooperation from Russia, Venezuela and South Africa. It has fixed a target to land its astronauts on the moon by the end of this decade.

Persons: Chinese Premier Li Qiang, Anwar ul Haq Kakar, Ryan Woo, Deborah Kyvrikosaios Organizations: Chinese Premier, China National Space Administration, Thomson Locations: BEIJING, Pakistan, Beijing, China, Russia, Venezuela, South Africa, U.S

☆ Common contaminants linked to accelerated weight gain in children
▼ + stars: | 2023-10-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

The research network aims to examine the lifetime impact of exposure in the womb to chemical contaminants in air, water and food. Both DDT and HCB contamination in people occurs “mainly through bioaccumulation in the food chain via fish, fish products, meat (and) dairy products,” Montazeri said. The July 2022 report also found PFAS exposure was sufficiently associated with decreased infant and fetal growth as well as decreased antibody response to vaccines in both adults and children. Pregnant people can take steps to reduce their exposure to various chemicals in commercial products, food and water. “Phthalates and phenols come from plastics and personal care products,” Montazeri said.

Persons: ”, Parisa Montazeri, “, Montazeri, Leonardo Trasande, HCB, ” Montazeri, Trasande Organizations: CNN, Barcelona Institute, Global Health, BMI, NYU Langone Health, Environmental, US Centers for Disease Control, CDC, US Environmental Protection Agency, National Academies of Sciences, Engineering, Medicine, Getty, NYU’s Grossman School of Medicine, National Sanitation Foundation Locations: Spain, United States, PFAS

☆ Technip Energies shares plunge after Le Monde report on Russian gas project
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

Oct 19 (Reuters) - Technip Energies (TE.PA) shares plummeted on Thursday after French newspaper Le Monde said the oil and gas company may have failed to comply with European Union sanctions against Russia by continuing to supply equipment to a Russian gas project. Technip Energies said in a statement after its shares fell as much as 22% that it had always respected international sanctions and its contractual obligations regarding the Arctic LNG2 project in Russia. "Technip Energies has worked with the relevant authorities and has complied with sanctions gradually imposed by the European Union, the United States and Britain," it said. The equipment delivered by Technip involved two modules for the construction of a liquefaction train worth around 450 million euros, Le Monde said, citing Russian customs records, maritime data and satellite images. "$800 million of market cap came off, it's a very harsh response, and suggests the news scared investors out there," said the analyst, who spoke on condition of anonymity, referring to the Le Monde story.

Persons: Le Monde, Monde, Technip, China's CNPC, Piotr Lipinski, Nathan Vifflin, Benjamin Mallet, Silvia Aloisi, David Evans Organizations: Union, Russia, European Union, Le, Japan, Mitsui & Co, Thomson Locations: Russian, Russia, United States, Britain, Paris, EU, Ukraine, Gdansk

☆ Fact Check: No Gates-sponsored mRNA ‘air vaccine’ approved for use in people
▼ + stars: | 2023-10-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The technique has not been approved for any use or testing in humans, according to the study’s senior author. However, a headline that reads, “Bill Gates mRNA 'Air Vaccine' Approved for Use Against Non-Consenting Humans” is circulating in the form of a screenshot on Facebook and messaging platform X, formerly known as Twitter. The formulation developed by the Yale team has neither been approved for human trial nor is it awaiting approval, Saltzman added. The Bill and Melinda Gates Foundation website, which documents Gates’ vaccine development work and investments, makes no mention of the Yale research. A nasal mRNA vaccine tested in mice by Yale researchers has not been approved for human testing, was not funded by Bill Gates and is not designed to work through the “air.”This article was produced by the Reuters Fact Check team.

Persons: Bill Gates, ”, Mark Saltzman, Saltzman, ” Saltzman, Gates, Melinda Gates, Read Organizations: Yale University, Reuters, Vaccine, Twitter, Goizueta, Biomedical Engineering, Yale’s School of Engineering, Applied Science, Yale, Melinda Gates Foundation, National Library of Medicine, National Institutes of Health, Howard Hughes Medical Institute, Thomson

☆ India's Cyient beats Q2 revenue estimates on sustainability, transport demand
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - India's Cyient (CYIE.NS) on Thursday reported a bigger-than-expected rise in its second-quarter revenue on strong growth in sustainability and transportation segments. The company's consolidated net profit saw an over two-fold rise to 1.78 billion rupees in the September quarter from a year earlier. Revenue from its biggest digital, engineering and technology segment rose 22% to 14.76 billion rupees during the quarter. Revenue from the sustainability business rose nearly 72%, while the transportation segment saw a growth of 22%. Cyient's revenue growth was stronger compared with its larger peers.

Persons: Kashish Tandon, Mrigank Organizations: Revenue, Tata Consultancy Services, Wipro, Infosys, DLM, Thomson Locations: BENGALURU, Bengaluru

The arguments in the Michel case could preview issues to come as the technology makes a rapid advance. “We think AI technology is gong to completely revolutionize the legal field by making it faster and cheaper to get complex answers to legal questions and research,” Katz said. “At bottom, the AI program failed Kenner, and Kenner failed Michel. Using it for closing arguments is complicated because of the many factors that develop over the course of a trial, he said. Generative AI, meanwhile, also sometimes produces “hallucinations,” statements that initially read as if they are accurate but are not.

Persons: ” Michel, Michel, David Kenner, Suge Knight, Snoop Dogg, Kenner, Diddy, Peter Zeidenberg, It's, Neil Katz, “, ” Katz, Sharon Nelson, “ It's, ”, Zeidenberg, Barack Obama’s, Trump, Leonardo DiCaprio, Jeff Sessions, John Villasenor Organizations: WASHINGTON, —, Associated Press, Sensei Enterprises, Justice Department, U.S, University of California, American Bar Association Locations: Malaysian, China, Los Angeles

☆ Natural-hair care is getting a boost from AI as Black-owned beauty-tech companies harness personalized data to better serve customers
▼ + stars: | 2023-10-18 | by ( Ngozi Nwanji | ) www.businessinsider.com time to read: +10 min

Data reveals that Black consumers are driving the booming market, spending nine times more on hair-care products than other racial groups, a 2023 Nielsen report found. Black women, in particular, spend about $1.7 billion annually on hair-care products. Scientists perform a microscopic analysis of the textured strands to provide hair-care insights. For Myavana, that means partnering with brands to make the company's personalized hair-care technology available "everywhere you shop for hair products," Harris said. AdvertisementAdvertisementHairDays' AI tech tool, called Layla, was created to help people set and achieve their hair goals.

Persons: —, Nielsen, Candace Mitchell Harris, Myavana Harris, Harris, Georgia Tech's InVenture, Myavana, they'll, MyHairID, Myavana Tiffany St, Bernard, she's, Bernard —, Layla, Tiffany St, Ceci Kurzman, Meghan Maupin, Maupin, OurX OurX, St, SOCAi, Cornell, Curtis Cole, Andrew Alexis, OurX, we'll Organizations: Service, Fortune Business, Georgia Institute of Technology, Cornell Tech, SheaMoisture, Unilever, Cornell University's, National Science Foundation, National Institutes of Health, US Department of Health, Human Services Locations: Georgia

☆ Insider Today: Tech workers are bummed
▼ + stars: | 2023-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementIn today's big story, we're looking at why some tech workers don't love their jobs anymore. Many factors led to the shift, from significant layoffs in Big Tech to in-office mandates and financial pressure due to high interest rates. AdvertisementAdvertisement(Interestingly enough, Terrazas writes that workers in non-tech roles — like human resources and marketing — report the highest job satisfaction at Big Tech companies.) But it feels like tech workers themselves will end up having to do a bit of recalibration. Working in Big Tech has become a job like any other corporate gig.

Persons: Alyssa Powell, tech's, Aaron Terrazas, Terrazas, Insider's Hugh Langley, Grace Kay, Garry Gensler, Drew Angerer, Gary Gensler, Janet Yellen, it's, Satya Nadella, JASON REDMOND, ADAM GRAY, didn't, Israel, Don't, Rae Dunn, Jim Jordan, Jada Pinkett, Pinkett Smith, Will Smith, Goldman Sachs, Lockheed Martin, Johnson, Leah Kern, Joe's, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Sigma, Insider Tech, Big Tech, Tech, Terrazas, SEC, Getty, LinkedIn, Tesla Edinburgh, Amazon, Republican, Bank of America Locations: Big, Israel, Ukraine, AFP, Tesla, Temple, El, New York City, York, San Diego, London, New York

☆ The startup enables investors to buy secondary shares in pre-IPO companies. Check out the 11-slide pitch deck Hiive used to raise $4.2 million.
▼ + stars: | 2023-10-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Hiive, a startup that offers a marketplace for secondary shares in private tech companies, has raised $4.2 million in funding. The Vancouver-based company, founded in 2021, enables the purchase and sale of stakes in pre-IPO, venture-backed companies. Hiive, led by Sim Desai, formerly of secondaries broker Setter Capital, wants to provide a marketplace where an array of buyers and sellers can make trades. "We saw this market growing exponentially after 2021 and thought there must be an opportunity to centralize this rapidly growing market," Desai told Insider. Hiive's $4.2 million funding was led by Uncorrelated Ventures, alongside Splash Capital, Harmony Venture Partners, Hack VC, and Agmen Capital.

Persons: Sim Desai, Desai, we've, it's, Hack Organizations: Capital, Splash Capital, Harmony Venture Partners, Agmen Locations: Vancouver

☆ FTX top engineer testifies Bankman-Fried spent $1.13 billion on celebrities and sponsorships
▼ + stars: | 2023-10-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

She was preceded by Bankman-Fried's former close friend and college roommate Gary Wang, who was an FTX co-founder. In response to questions from Assistant U.S. Attorney Nicolas Roos, Singh said he frequently went to Bankman-Fried to voice his concerns over the company's spending. He told the court that he would tell Bankman-Fried he was "embarrassed" and "ashamed," and that the level of spending "reeked of excessiveness" and "flashiness." Bankman-Fried faces seven criminal counts related to the collapse of FTX and Alameda, including wire fraud, securities fraud and money laundering that could put him in prison for life. At the time, Singh pleaded guilty to six charges, including conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to violate campaign finance laws.

Persons: Nishad Singh, FTX's, Sam Bankman, Singh, Caroline Ellison, Gary Wang, Nicolas Roos, Fried, He's, Ellison, Gabe Organizations: Alameda Research, U.S, University of California, Facebook, Alameda Locations: Manhattan, FTX, Alameda, Bay, Bankman, Berkeley

☆ Read the email LinkedIn sent employees announcing more than 600 layoffs across its engineering and product teams
▼ + stars: | 2023-10-16 | by ( Jyoti Mann | Grace Kay | ) www.businessinsider.com time to read: +6 min

LinkedIn told employees in an email Monday that it's cutting more than 600 roles. The professional networking platform said the cuts will be across its engineering and product team. AdvertisementAdvertisementLinkedIn is making further cuts to its workforce and laying off more than 600 employees across its engineering and product team. It also gave a breakdown of where the layoffs would take place and said "137 Engineering management roles" and "38 Product roles" were getting cut. Broken down, there are 137 Engineering management roles and 38 Product roles being reduced.

Persons: —, It's, Ryan Roslansky, Roslansky, we've, jmann@insider.com Organizations: Service, LinkedIn, Staff, CNBC, Google, Microsoft, Meta, Engineering

☆ Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
▼ + stars: | 2023-10-16 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Singh testified at Bankman-Fried's trial that his concerns were almost always rebuffed. In Manhattan federal court Monday, Singh testified about how he frequently questioned and pushed back against Bankman-Fried's spending sprees and investment decisions — and was almost always rebuffed. "I would hear that my opinions were already factored in, and I didn't need to continue sharing them," Singh testified. Singh testified that he came to know Bankman-Fried through a friendship with the FTX founder's younger brother, Gabe Bankman-Fried. Infighting over expensesThe pair often disagreed on money, Singh testified.

Persons: Nishad Singh, Sam Bankman, Singh, —, Fried, Bill Clinton, Tony Blair, spender, Caroline Ellison, Gary Wang, Gabe Bankman, FTX, SBF, I've, Sam, Tom Brady, Gisele Bündchen, Steph Curry, Kevin O'Leary, Larry David, Jon Kopaloff, Fatih Aktas, Getty Images Singh, Michael Kives, Hillary Clinton, Katy Perry, Orlando Bloom, Ted Sarandos, Jeff Bezos, Kate Hudson, Leonardo DiCaprio, Corey Gamble, Kendall Jenner, Singh wasn't, Kris Organizations: Service, Bankman, Alameda, US Securities and Exchange Commission, University of California, Facebook, Engineering, Sequoia Capital, Yuga, Miami, Major League Baseball, of Legends, Getty Images, Anadolu Agency, K5 Global Locations: Bankman, FTX, Manhattan, Berkeley, Alameda, Bahamas, Kazakhstan, Albany

☆ 68-year-old engineer spent 50 years at one company and 'always' told his bosses to 'leave me alone': 'Let me learn the job'
▼ + stars: | 2023-10-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Kip Turner, 68, joined AT&T shortly after high school and has been with the company his entire 50-year career. He's also taken on plenty of younger mentees along the way and thinks that, despite today's culture of job-hopping, even today's young grads could build their own 50-year career. 'I have always told my supervisors to leave me alone'Turner says he's never been "especially aggressive" about trying to get promoted. Courtesy of AT&TEven so, Turner applied to plenty of promotions and has been disappointed to not get them. Turner applied and secured the role.

Persons: Kip Turner, Kip Turner wasn't, what's, he's, Turner, He's, mentees, I've Organizations: AT, CNBC Locations: Faulkner County , Arkansas

☆ At age 12, I signed myself up for online astronomy classes under my mom's name. 14 years later I became the first Mexican-born woman to go to space.
▼ + stars: | 2023-10-14 | by ( Yoonji Han | ) www.businessinsider.com time to read: +7 min

Katya Echazarreta became the first Mexican-born woman to go to space in June 2022. She became the first Mexican-born woman to go to space in 2022. I only spoke Spanish to my mom, who still hadn't learned English at that point. I didn't hear back until three years later, but during that time, I completed a space training program where I did training with microgravity, G-force, and pressurized spacesuits. Gerardo Vieyra/NurPhoto via Getty ImagesI'd always known that a Mexican-born woman hadn't traveled into space before because I'd been obsessed with this topic for so long.

Persons: Katya Echazarreta, Echazarreta, —, I've, I'd, hadn't, Galileo, Juno, Gerardo Vieyra, José Hernández, Ellen Ochoa, Rodolfo Neri Vela, Fundación, It's Organizations: NASA, Service, UCLA, Jet Propulsion Laboratory, Jet Propulsion, Mars Rover, Humanity, Getty Locations: Mexican, California, Guadalajara, Mexico, Utopia Liberty

☆ Check out the pitch deck that helped Scope3, which helps companies measure the carbon impact of their ads, raise $20 million from investors like GV
▼ + stars: | 2023-10-13 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Scope3, a startup that helps companies measure the carbon emissions generated by their advertising campaigns, this week said it raised $20 million in Series A investment, funds it plans to grow its team and expand into markets in Europe and APAC. By Scope3's count, the digital advertising industry is responsible for 7.2 million metric tons of carbon emissions each year, or the equivalent of powering 1.4 million US homes. Scope3 works with advertisers, agencies, adtech vendors, and publishers — which have included Insider — to help them measure their carbon impact and figure out where they can make efficiencies. The funding round, which values the company at $100 million and brings Scope3's total funding to $40 million, was led by Alphabet-backed GV. Check out the key slides from the pitch deck that helped Scope3 raise its $20 million Series B round.

Persons: Brian O'Kelley, Mike Freyberger, Anne Coghlan, Scope3, —, O'Kelley, Coghlan Organizations: Room40 Ventures, GV Locations: Europe, France, Germany, Japan

☆ Investing in Space: A reality check on SPAC frenzy revenue projections
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +13 min

Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.

Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles

☆ Gutsy, a cybersecurity startup from the founders of Twistlock, just raised a $51 million seed round using this 27-slide pitch deck
▼ + stars: | 2023-10-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Gutsy, a cybersecurity startup, has raised $51 million in seed funding, the company said Tuesday. Founded in 2022 and now emerging from stealth, Gutsy wants to help companies solve their issues in the increasingly complicated and overwhelming world of cybersecurity. Based in Baton Rouge, Louisiana, Gutsy's cofounders previously built container security startup Twistlock, which was acquired for $410 million by Palo Alto Networks in 2019. The company provides cloud security tools for businesses to manage their data across auditing, governance, and migration, connected via an API. The company's massive $51 million seed funding round came from YL Ventures, a backer of Twistlock, and venture firm Mayfield, alongside a number of cybersecurity angel investors. "

Persons: John Morello, Gutsy, Gutsy's, Morello, Mayfield Organizations: Palo Alto Networks, YL Ventures Locations: cybersecurity, Baton Rouge , Louisiana

☆ Hyundai and Kia are the latest to switch to Tesla EV charging
▼ + stars: | 2023-10-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

In 2025, Hyundai will begin providing adapters to owners of older Hyundai models with the Combined Charging System ports their EVs are currently built with. The three South Korean automakers are all part of Hyundai Motor Group, although Hyundai and Kia operate as separate companies in the United States. A major stepThis marks an especially significant development for the Tesla charging system. Counted together, Hyundai, Kia and Genesis would be the second-best-selling EV manufacturer in the United States after Tesla, according to figures from Kelley Blue Book. Having more automakers and charging companies using its standard has been seen as a win for Tesla.

Persons: Tesla, Kelley, Elon Musk Organizations: New, New York CNN, South, Kia, Hyundai, Ford, General Motors, Mercedes, Benz, Nissan, Honda, Hyundai Motor Group, Kona, Niro, Genesis, GM, EV, CCS, Tesla Locations: New York, United States

☆ The CEO of IBM says he doesn't intend to 'get rid of' a single programmer because of AI
▼ + stars: | 2023-10-04 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

IBM CEO Arvind Krishna says he doesn't intend to "get rid of a single one" of his programmers because of AI. He also added that though AI could automate a "repetitive, white-collar job," it was a job creator. AdvertisementAdvertisementAmid growing fears of AI-induced job cuts, IBM's CEO Arvind Krishna says he doesn't intend to lose any programmers because of the technology. Studies have also pointed to AI boosting workers' productivity but with a greater impact on less skilled workers. AdvertisementAdvertisementAn April study that equipped customer service representatives with AI tools found that the lowest-skilled workers saw a productivity boost of 35% — while higher-skilled workers saw "closer to 0%."

Persons: Arvind Krishna, Krishna, —, Goldman Sachs, Satya Nadella — Organizations: Service, Fortune's, Bloomberg, McKinsey, IBM

☆ UBS says this construction stock is a buy, can rally more than 30%
▼ + stars: | 2023-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Fluor could be ready to soar, according to UBS. The firm upgraded the engineering and construction stock to buy from neutral in a Wednesday note, and upped its price target to $47 from $35. UBS' new forecast implies 35.7% upside from Tuesday's $36.62 close. "The stock has had a nice run from the bottom, but the prices have fairly reflected the risks to date; we think the stock price today reflects the company today, but not its potential over the next 1-2 years." Fluor stock has ticked down 0.12% in 2023.

Persons: Steven Fisher, Fisher, Gordie Howe, Michael Bloom Organizations: UBS, U.S . Securities, Exchange Commission Locations: North America

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