The U.S. House Financial Services Committee said on Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. The committee said it expects to hear from the companies and individuals involved, including FTX founder Sam Bankman-Fried, Alameda Research, Binance, FTX and related entities, among others. “The fall of […]
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In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s factories in California and Nevada as the company struggled to ramp up production of the Model 3. On Monday, Musk said he had worked through the night at Twitter’s San Francisco headquarters and would keep “working & sleeping here” until the […]
As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds. Hunkered in his Bahamas apartment, Bankman-Fried toiled through the night, calling some of the world’s biggest investors, including Sequoia Capital, Apollo Global Management […]
More homes and businesses are converting to smart meters as consumers become more aware of their power bills, especially during a period of rising expenses. You can manage your gas and electricity usage with the help of these wirelessly linked gadgets, and the information is also shared with your energy supplier. In this article, we’ll […]
Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing, a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC soaring, closing up 7.9 percent in Taiwan on Tuesday, as it boosted investor sentiment for the world’s largest contract chipmaker, […]
A Smart grid is more than just power delivery. It is the main factor, though. It is the core pillar of a smart grid. A parallel stream of energy and information, but it is much more complex than that. Artificial intelligence (AI) and distributed generation are the two main components of smart grid solutions. The […]
U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose […]
“Fortnite” video game maker Epic Games on Monday asked a three-judge federal appeals panel to overturn portions of a lower court antitrust ruling that largely favored Apple Inc and its multibillion dollar App Store payment business. Attorneys involved expect up to nine months before a ruling from the panel, which signaled some doubts about Epic’s […]
Elon Musk’s resume is ever-growing. At 51 years old, his finger is in many pies: SpaceX, Tesla, Inc, Neuralink, OpenAI, the Musk Foundation, and, most recently, Twitter, Inc. The Elon Musk Updates tells us one thing for sure: he currently is the most interesting man in the cyberspace. From selling shares worth billions of dollars […]
Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date. The cuts, earlier reported by the New York Times, would represent about 3 percent of Amazon’s corporate […]