Stock Market Gets “Fitch Slapped”
The S&P 500 (SPY) seems to have hit a wall at 4,600 thanks in part to the surprising downgrade of US debt by the Fitch ratings service. Not only is…
Four things we’d need to put data centers in space
MIT Technology Review Explains: Let our writers untangle the complex, messy world of technology to help you understand what’s coming next. You can read more from the series here. In January, Elon Musk’s SpaceX filed an application with the US Federal Communications Commission to launch up to one million data centers into Earth’s orbit. The…
Dan Gwak of Point72 Ventures thinks there has never been a better time for defense tech startups
Dan Gwak has had a more varied life than many investors. He grew up in Jakarta, the son of Korean parents who ran a shipping business. After high school, he headed to Cornell in the U.S., and became an associate at The Carlyle Group. Everything was moving up and to the right, so to speak. […]
You’re Not Lazy — You’re Burnt Out. Here Are The 5 Warning Signs.
Entrepreneur burnout can land you in the emergency ward. Learn how to spot the signs now before it’s too late.
Astra lays off 25% of workforce, reallocates engineers, in an effort to fight dwindling cash reserves
Astra has laid off 25% of its workforce since the beginning of the quarter and is reallocating at least 50 engineers and manufacturing staff away from its launch business to focus on spacecraft production, the company said Friday. The reallocation and layoffs are expected to delay testing of the under-development Rocket 4 and Launch System […]
Twitch streamer’s PS5 giveaway sparks Union Square ‘riot’
Twitch streamers Kai Cenat and Fanum invited fans to Union Square on Friday for a real-life stream and giveaway. They promised to hand out gift cards, gaming PC equipment and PlayStation 5s. But the IRL stream descended into chaos as frenzied fans crowded over the giveaway, shutting down lower Manhattan in the aftermath. Cenat, who […]
A Billionaire Wants to Use a Cargo Plane to Fly an Orca to Freedom After 53 Years in Captivity. Here’s How It Could Work.
“She’s healthy, I’ve got the money, let’s move her,” Indianapolis Colts Owner and CEO Jim Irsay told “The Pat McAfee Show.”
Pony, investor Toyota partner to ‘mass produce’ robotaxis in China
Autonomous-driving company Pony.ai and Toyota say they’re teaming up with the goal of one day cranking out a bunch of “fully driverless robotaxis.” The two companies intend to kick off their partnership sometime this year with around $139 million in capital from GAC Toyota Motor Co. — a joint venture between Toyota China and GAC, […]
SoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M
SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL was supposedly poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. Its self-reported numbers were impressive enough […]
Hate your commute? Googlers can sleep on campus at a discount
The pandemic disrupted the office in a fundamental way. Remote work turned from a nice perk to a way of life for many. It’s an abrupt change for a tech industry that has a long history of rolling out perks to keep employees in the office for as long as conceivably possible. Google is among […]
Henrik Fisker: No “final conclusion” yet in Foxconn deal
Two years ago, EV startup Fisker seemed to have hooked a giant when it announced a deal with Taiwanese iPhone maker Foxconn to build a sub-$30,000 crossover in the United States. It turns out that deal hasn’t been finalized, according to comments Fisker founder and CEO Henrik Fisker made during an interview with TechCrunch. “In […]