The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns of 1.6-2.8% for 120 days on investments between $50 and $49,999, they lured investors through a…
Elon Musk’s xAI raises $6B to take on OpenAI
May 29, 2024
Today, Elon Musk’s xAI startup announced a massive $6 billion round of funding. Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital…
ChatGPT-maker OpenAI this morning announced it has begun training its new “frontier model” and formed a new Safety and Security Committee led by current board members Bret Taylor (OpenAI board chair and co-founder of customer service startup Sierra AI, former Google Maps…
GitHub Accelerator fuels open source AI revolution, empowering startups to democratize access
May 29, 2024
GitHub has officially launched its 2024 Accelerator program, aiming to support and promote open source projects that are reshaping the technology landscape. The program, designed to provide financial backing, mentorship, and community-building opportunities, is already generating significant buzz among developers and enterprises alike.
Stormy Peters, GitHub’s VP of Communities, emphasized the…
The Defense Innovation Unit selected The Spaceport Company to demonstrate the ability to use a sea-based launch platform to quickly send cargo or satellites to orbit.
The company, headquartered in Woodbridge, Virginia, builds floating launch pads that could allow commercial…
The Air Force awarded Boeing a contract worth nearly $7.5 billion to build more kits to convert bombs into guided weapons known as Joint Direct Attack Munitions.
The company will provide JDAM tail kits and other supplies under the sole-source fixed-price, indefinite…
The U.S. Army approved the characteristics it wants in a Future Tactical Unmanned Aircraft System after awarding contracts to two teams competing to build the drone.
The service approved an Abbreviated Capabilities Development Document, or A-CDD, on May 17, setting up the prototyping development plan for the capability, according to Lt. Gen. Karl Gingrich, Army G-8.
While the Army decided this…
Toyota, Japanese rivals promise more efficient next-gen ICE engines amid the shift to EVs
May 29, 2024
Despite the market moving toward EVs, Toyota, Subaru, and Mazda are committed to developing next-generation ICE engines. The new engines are “tailored to electrification” with integrated EV components.
Toyota, Subaru, Mazda, double down on ICE engines
Japanese automakers…
I just swapped a Tesla Model 3 for a Model Y and Elon Musk's brutal layoffs ruined the experience
May 29, 2024
I turned in a 2021 Tesla Model 3 and leased a 2024 Model Y, and I learned firsthand how badly Tesla’s layoffs have affected morale and customer service.
My firsthand experience of Tesla layoffs
My husband and I wanted to work with Tesla’s new South Burlington, Vermont…
The battle over Elon Musk’s compensation package is heating up as a big advisory firm is recommending shareholders vote against it, and Musk fans are resorting to scare tactics.
Over the last few weeks, Tesla shareholders have been voting on several new proposals put forward by the board.
The two main proposals that the board is trying to get through are a new vote on Musk’s 2018 CEO…
