The creation and subsequent application of blockchain technology in several sectors have bridged various gaps. Despite the technology still being in its primitive phase, people seem to think it is a miracle solution to every human error and want to tailor a place for it to go in every department. One such department is supply […]
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The series of advancements happening in the metaverse can serve as an announcement for the people to know that the switch to the metaverse is not a matter of if but simply a matter of when. While every sector is figuring out how to jump into the metaverse, one industry has it all figured out. […]
The Biden administration on Wednesday is launching an effort to identify significant wireless spectrum that can be repurposed for advanced technology needs and soaring U.S. wireless demand. The Commerce Department’s National Telecommunications and Information Administration (NTIA) is developing a National Spectrum Strategy with a goal to identify at least 1,500 megahertz of spectrum to study […]
BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, the premium carmaker said on Wednesday. By 2025, a fourth of new sales will be all-electric, the company said, rising to a […]
NASA on Tuesday said it had picked U.S. rocket builder Firefly Aerospace to put a lander on the moon’s far side in 2026, under a nearly $112 million contract. “The commercial lander will deliver two agency payloads, as well as communication and data relay satellite for lunar orbit, which is an ESA (European Space Agency) […]
SVB Financial Group said on Tuesday that Goldman Sachs Group Inc was the acquirer of a bond portfolio on which it booked a $1.8 billion loss, a transaction that set in motion the failure of SVB. The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a […]
There are cities out there on the verge of going fully smart. And the telecommunications sector plays a significant role in this. In fact, a smart life will heavily rely on 5G and data to which telcos have access. The whole point of a smart city is to automate the mundane so humans can spend […]
Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move their deposits to its newly created bridge entity, people who attended a virtual meeting with him said. The Federal Deposit Insurance Corporation (FDIC) appointed the former Fannie Mae CEO to head Silicon Valley Bridge Bank […]
Amazon.com plans to launch its first internet satellites to space in the first half of 2024 and offer initial commercial tests shortly after, the company said Tuesday, as it prepares to vie with Elon Musk’s SpaceX and others to provide broadband internet globally. Amazon’s satellite internet unit, Project Kuiper, will begin mass-producing the satellites later […]
Global shares fell for a sixth day on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates […]