Arc Sport EV Boat Brings Silent Power to the Water Carving effortlessly across Lake Mead, just 30 minutes from Las Vegas, the Arc Sport EV boat offers a clean, quiet vision of the future of water sports. Developed by California-based startup Arc, the all-electric wake sport vessel embodies a bold commitment to eliminating noise, fumes, and emissions from boating. Electrifying the Water “We are on a mission to electrify everything on the water,” said Arc co-founder and CEO Mitch Lee. His team, composed largely of former Tesla and Rivian engineers, has designed the 23-foot Arc Sport EV to combine Silicon…
Author: Aishwarya Parikh
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GameStop Ties CEO Ryan Cohen’s Pay to Ambitious $100 Billion Market Value Goal GameStop has announced a new compensation plan for its Chief Executive Officer, Ryan Cohen, that links his potential earnings entirely to the company’s future performance. The package challenges Cohen to lift the struggling videogame retailer’s market value from about $9.26 billion to more than $100 billion, while also significantly improving profitability. A High-Stakes, Performance-Based Package Under the plan revealed on Wednesday, Cohen will not receive any fixed pay. This means no base salary, cash bonuses, or guaranteed stock awards. Instead, his entire compensation depends on meeting specific…
Samsung Set to Report 160% Profit Surge as AI Boom Drives Chip Price Rally Samsung Electronics is expected to announce a 160 per cent jump in its fourth-quarter operating profit, fuelled by a global chip shortage and soaring demand for artificial intelligence hardware. Analysts say the rebound marks one of the strongest quarters for the world’s largest memory chip maker since 2018, reflecting how the AI boom has transformed the semiconductor market. Chip Shortage Pushes Profits to Multi-Year High According to LSEG SmartEstimate data compiled from 31 analysts, Samsung’s October–December operating profit is projected at 16.9 trillion won (11.7 billion…
Trump Blocks HieFo’s $3 Million Purchase of Emcore Assets over National Security Concerns U.S. President Donald Trump has prohibited photonics company HieFo Corp’s $3 million acquisition of assets from New Jersey-based aerospace and defence firm Emcore, citing national security concerns linked to China. White House Order Cites Security Threat In an executive order issued by the White House on Friday, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s chip and wafer-fabrication businesses could “impair the national security of the United States.” The president directed HieFo to divest…
Taiwan Files New Indictments Against Tokyo Electron Unit over TSMC Trade Secret Theft Taiwanese prosecutors have filed additional indictments against the Taiwan branch of Japanese chip equipment manufacturer Tokyo Electron and three other defendants in a case involving the alleged theft of trade secrets from leading chipmaker TSMC. Expanded Charges Follow Earlier Indictment The latest development builds on charges filed last month, when prosecutors accused Tokyo Electron’s Taiwan subsidiary of breaching the National Security Act and the Trade Secrets Act. The investigation stems from allegations that a former employee unlawfully obtained confidential information from TSMC, the world’s largest contract chip…
Trump Administration Lifts Sanctions on Three Intellexa Executives The administration of President Donald Trump has lifted sanctions on three executives linked to the spyware consortium Intellexa, according to a notice published on the U.S. Treasury Department’s website. The decision marks a partial reversal of measures introduced last year under President Joe Biden, which targeted seven individuals associated with the group. Reversal of Previous Sanctions The Treasury Department had previously described Intellexa, founded by former Israeli intelligence officer Tal Dilian, as “a complex international web of decentralised companies that built and commercialised a comprehensive suite of highly invasive spyware products.” The…
Theranos Whistleblower Reporter Sues Major AI Firms Over Copyright Infringement Investigative journalist John Carreyrou, best known for uncovering the Theranos scandal, has filed a lawsuit against several leading artificial intelligence companies, accusing them of using copyrighted books without permission to train their AI systems. Filed on Monday in a California federal court, the case names Elon Musk’s xAI, Anthropic, Google, OpenAI, Meta Platforms, and Perplexity as defendants. Carreyrou, a New York Times reporter and author of Bad Blood, brought the case alongside five other writers, alleging that the firms illegally copied and fed their works into large language models (LLMs)…
U.S. House Passes SPEED Act to Streamline Permitting for Energy and Industrial Projects The U.S. House of Representatives on Thursday approved legislation designed to accelerate environmental reviews and simplify the permitting process for large-scale energy infrastructure projects, data centres, and factories. The measure aligns with President Donald Trump’s drive to boost domestic energy production, mining, and industrial expansion. The legislation, known as the SPEED Act, passed by a 221–196 vote, with 11 Democrats joining the Republican majority. It represents the most significant reform of the National Environmental Policy Act (NEPA) since its inception during the Nixon administration, according to industry…
Jared Isaacman Confirmed as Trump’s New NASA Chief The U.S. Senate has confirmed billionaire private astronaut Jared Isaacman as President Donald Trump’s choice to head NASA, making him the agency’s 15th administrator. The confirmation, passed by a 67–30 vote on Wednesday, follows Isaacman’s pledge to accelerate America’s return to the Moon and advance Mars exploration efforts. A New Era for NASA Leadership Isaacman, a former associate of SpaceX CEO Elon Musk, will oversee more than 14,000 NASA employees. His appointment marks a decisive moment for U.S. space policy as the agency invests billions of dollars into the Artemis programme. The…
Blue Origin Developing Orbital Data Centre Technology, Report Says Jeff Bezos’ aerospace company Blue Origin has been quietly developing technology to support artificial intelligence (AI) data centres in space for more than a year, according to a report by The Wall Street Journal published on Wednesday. The move signals a new frontier in the competition between Blue Origin and Elon Musk’s SpaceX, as both companies race to expand their reach beyond launch services into the emerging space-based computing sector. SpaceX Eyes AI Payloads for Starlink The report said SpaceX plans to use upgraded versions of its Starlink satellites to host…