business - CybAI news

06 Aug

Arcadium Lithium Pauses Expansion Plans on Prices, Supply Glut

stp2y0 CommentsRAG modelsAmericas, ARCADIUM LITHIUM PLC, Argentina, business, canada, Capital Spending, Earnings, Emerging Markets, hyperdrive, Markets, Materials, Paul W Graves, Technology

Arcadium Lithium Plc will suspend or delay two of its four expansion projects as the global market for the battery metal faces a supply glut and prolonged price slump.The lithium producer plans to pause investment in its Galaxy project in Canada and is exploring the possibility of bringing in a partner for the project, Arcadium said in its second-quarter earnings release on Tuesday. Source link lol

06 Aug

Amazon, Microsoft Keep Data Center Spending Spree Going

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, business, Capital Expenditures, cloud computing, DELL TECHNOLOGIES -C, Earnings, fully-charged, META PLATFORMS INC-CLASS A, MICROSOFT CORP, Real Estate, Technology

Major technology companies are spending billions of dollars in capital expenditure and most of it is going for the same thing. But first... Source link lol

06 Aug

Xpeng Aeroht Raises $150 Million for Production of Flying Cars

stp2y0 CommentsRAG modelsAsia, Automotive, Beijing, business, china, cities, Emerging Markets, Guangzhou, hyperdrive, infrastructure, Megacity, Technology, transportation

Xpeng Aeroht, a unit of Chinese electric carmaker Xpeng Inc., raised $150 million to fund the development and production of a proposed flying car in Guangzhou.In a statement Monday, the company said it has also started the next round of funding as it prepares to build manufacturing facilities in the Chinese city. Source link lol

03 Aug

Game Informer magazine is shutting down after 33 years

stp2y0 CommentsNewsbusiness, funcoland, game informer, gameinformer, gamestop, gaming, magazine, news, publishing, Video Games

Another giant name in the gaming press is shutting down its operations. Game Informer announced today that it’s been shut down by its parent company GameStop after 33 years in the business. The entire website and its archives have also been removed and now redirect to the magazine’s final statement of thanks to its readers.“After 33 thrilling years of bringing you the latest news, reviews and insights from the ever-evolving world of gaming, it is with a heavy heart that we announce the closure of Game Informer,” the publication’s statement reads.Several social media posts confirmed the sad news about the…

16 Jul

Craig Wright Faces Perjury Investigation Over Claims He Created Bitcoin

stp2y0 CommentsRAG modelsbitcoin, blockchain, business, cryptocurrency, law, uk

A judge in the UK High Court has directed prosecutors to consider bringing criminal charges against computer scientist Craig Wright, after ruling that he lied “extensively and repeatedly” and committed forgery “on a grand scale” in service of his quest to prove he is Satoshi Nakamoto, creator of bitcoin.In a judgment published Tuesday, Justice James Mellor outlined various injunctions to be imposed upon Wright, after finding in May that he had “engaged in the deliberate production of false documents to support false claims [to be Satoshi] and use the Courts as a vehicle for fraud.”By order of the judge, Wright…

16 Jul

Can the climate survive AI’s thirst for energy? – podcast

stp2y0 CommentsChat-GPTArtificial intelligence (AI), business, Climate crisis, Computing, Consciousness, Energy industry, environment, science, Technology

Artificial intelligence companies have lofty ambitions for what the technology could achieve, from curing diseases to eliminating poverty. But the energy required to power these innovations is threatening critical environmental targets. Madeleine Finlay hears from the Guardian’s energy correspondent, Jillian Ambrose, and UK technology editor, Alex Hern, to find out how big AI’s energy problem is, and whether it can be solved before it is too late How to listen to podcasts: everything you need to know Source link lol

14 Jul

Google Nears $23 Billion Deal for Cybersecurity Firm Wiz, WSJ Reports

stp2y0 CommentsRAG modelsALPHABET INC-CL A, Americas, business, cybersecni, cybersecurity, Markets, startups, Technology, United States, Wall Street

Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.The deal would be Alphabet’s largest acquisition ever and could come together “soon,” the newspaper said. Source link lol

02 Jul

Polestar Is Bracing for the EV Tariff Wars. It May Not Emerge Unscathed

stp2y0 CommentsRAG modelsbusiness, cars, china, electric vehicles, evs and hybrids, gear, polestar

Polestar is caught in the middle of an international trade war. Growing competition from Tesla and Chinese rivals and the slowdown of the global EV market are not great for business. Even worse are the gigantic taxes set to be imposed on Polestar’s entire cohort of Chinese-manufactured cars. The US government will raise tariffs on electric vehicles coming from China from 25 percent to 100 percent, and in Europe, the threat of a 38 percent hike in taxes also looms from July 4. In May, China suggested that it will retaliate with a 25 percent tariff hike on large-engine cars…

01 Jul

Leading Lab-Grown Meat Company Cuts Dozens of Jobs

stp2y0 CommentsRAG modelsbusiness, food, jobs, lab-grown meat, science

Cultivated meat firm Upside Foods has cut its workforce as the industry continues to struggle with bans from legislators and a significant downturn in venture capital funding. In an email sent to employees, Upside CEO Uma Valeti wrote that 26 people would leave the company and that executive and leadership teams would be restructured to “reduce top-heavy structures.”“Our focus must now narrow to a tighter set of priorities that pave the way for our product launches in the next two years,” Valeti wrote in the email seen by WIRED. “We need to deliver on the work that remains, especially on…

19 Jun

Netflix Uses ‘Squid Game’ Playbook for Untapped Southeast Asia

stp2y0 CommentsRAG modelsAsia, business, india, Indonesia, MEDIA PARTNERS, Minyoung Kim, NETFLIX INC, screentime, South Korea, Southeast Asia, Technology, Thailand, Video Streaming

Netflix Inc. is ramping up local production in Southeast Asia, aiming to boost its subscriber base in the populous region even as US rivals are pulling back. The world’s largest streaming TV service is increasing the number of titles available and the number of shows it produces in the region in an effort to reach more viewers, Minyoung Kim, vice president of content for Asia excluding India, said at a company event in Jakarta. Source link lol