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“These guys are ahead of us,” Ford CFO John Lawler told the company’s CEO Jim Farley after the two took a test drive in a Chinese electric SUV. Roberto Pfeil/AFP via Getty Images Ford CEO Jim Farley and CFO John Lawler took a test drive in a Chinese electric SUV in early 2023. Both men …
OceanGate Expeditions’ Titan submersible. OceanGate Expeditions via AP, File OceanGate’s former engineering director said he refused to take a dive in the ill-fated submersible. Tony Nissen testified in a hearing that he had told the CEO, “I’m not getting in it.” He said he felt pressured to prepare the Titan submersible for operations. The Titan …
QMill cofounders Toni Annala, Mikko Möttönen, Hannu Kauppinen, and Ville Kotovirta. QMill QMill, a Finnish quantum computing startup, raised $4.5 million in seed funding. The startup was founded by Nokia Technologies’ former CTO and a quantum computing professor. QMill plans to develop energy-efficient algorithms for sectors like financial services and telecoms. QMill, a newly launched …
Timefold cofounders Maarten Vandenbroucke and Geoffrey De Smet. Timefold Timefold, a Belgian startup, has raised $6.7 million to enhance its AI scheduling platform. Timefold uses AI to optimize planning for industries like transport and logistics. Lakestar, a VC fund, led the funding round as Timefold plans to expand its marketing efforts. Timefold, a Belgian startup …
Amazon CEO Andy Jassy REUTERS/Mike Blake; Chelsea Jia Feng/BI Amazon told employees they’ll have fixed desks in headquarters again. This change is a big U-turn from pandemic-era hot desking and remote work policies. In 2020, CEO Andy Jassy said hot desks were the future of the office. Amazon is ramping up efforts to return to …
Starbucks will go without a North America CEO after Michael Conway retires in November. Stephen Brashear/Getty Images Michael Conway, Starbucks’ North America CEO, is retiring in November, without a replacement. Sara Trilling, Starbucks’ North American President will lead retail operations in the region. Conway took up the newly created role in April after a leadership …
Donald Trump has seen an influx in billionaire backers, including from Silicon Valley. Getty Images Former President Donald Trump wants your vote, and he’s reaching out to everyone, including crypto bros. The Republican nominee sat for a 30-minute interview on the “state of crypto” on Monday. Trump also promoted a new family business: a crypto …
Moldy body armor plates were delivered to Taiwan in December, the OIG said. Office of the Inspector General The US sent Taiwan “mildewed” body armor and machine guns left in a cardboard box, the OIG said. About two-thirds of the military shipment was damaged by water as it sat for months at an airbase. The …
Sam Altman is leaving a key OpenAI safety committee. Jason Redmond/AFP/Getty Images OpenAI announced its new Safety and Security Committee — and CEO Sam Altman isn’t on it. The committee now includes only independent board members, addressing previous criticism. OpenAI has faced scrutiny over its profit model, AI safety, and governance. OpenAI just announced the …
The Titan submersible. OceanGate One of the last messages from the Titan submersible was, “All good here.” The vessel lost contact with its support ship about 30 minutes after the message was sent. The new detail was revealed at a hearing by the Coast Guard Marine Board of Investigation. Some of the last words from …
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