The European Union treats data as a privacy right. The United States treats it as a corporate asset. China treats it as a factor of production, a national economic resource on par with land, labour, capital, and technology. That distinction, which sounds like an abstraction, is producing a data governance framework that is structurally different […]
Skydio, the largest American drone manufacturer, announced in late April that it would invest $3.5 billion over five years to expand US drone production, open a factory five times larger than its current facility, create more than 2,000 direct jobs and 3,000 supplier jobs, and build a domestic component supply chain through an initiative it […]
The flight from John F. Kennedy International Airport to the East 34th Street Heliport in Midtown Manhattan took seven minutes. By car, depending on the time of day, the same journey takes between 60 and 120 minutes. On Friday, Joby Aviation landed its all-electric air taxi at the heliport as part of a demonstration hosted […]
Most of the umbilical cord blood collected at birth is discarded. The tissue is clamped, cut, and disposed of as medical waste, along with the stem cells it contains, cells that are immunologically naive, genetically diverse, and capable of being reprogrammed into virtually any cell type in the human body. The New York Blood Center […]
The United States government now owes more than the country produces. Data released by the Bureau of Economic Analysis on 30 April showed that debt held by the public stood at $31.27 trillion at the end of March, while nominal GDP over the preceding 12 months was $31.22 trillion, pushing the ratio to 100.2 per […]
The Norway-founded company’s vertically integrated NEO factory in Hayward marks the first US-scale push to put a general-purpose humanoid robot into private homes, with shipments planned this year and a competitive field that is already crowded 1X Technologies has opened a 58,000-square-foot manufacturing facility in Hayward, California, to produce its NEO humanoid robot at consumer […]
China’s Ministry of Commerce warned on Friday that US legislation advancing through Congress would “severely disrupt the international economic and trade order and seriously undermine the stability of the global semiconductor industry chain and supply chain.” The legislation in question is the MATCH Act, the Multilateral Alignment of Technology Controls on Hardware, which passed the […]
Summary: Stanford professor James Zou is reportedly raising approximately $100 million at a valuation targeting $1 billion for a startup called Human Intelligence that applies AI to research on the human body, according to Bloomberg. Zou’s research includes an FDA-cleared cardiac AI (EchoNet), a Nature-published Virtual Lab that designed novel nanobodies, and a Virtual Biotech […]
Summary: Meta and Microsoft announced workforce reductions on the same day, April 23, affecting up to 23,000 positions combined. Meta is cutting 8,000 jobs (10% of staff) and cancelling 6,000 open roles effective May 20, while Microsoft launched its first-ever voluntary retirement programme offering buyouts to up to 8,750 US employees whose age plus years […]
In short: The US government’s 9.9% stake in Intel, acquired for $8.9 billion last August by converting CHIPS Act grants and Secure Enclave funds into equity at $20.47/share, is now worth approximately $36 billion after Intel’s stock surged 20%+ on a massive Q1 earnings beat. The $26.5 billion unrealised gain is one of the most […]
