Archive for the 'Economy' Category
Highly Efficient Recovery and Recycling of Cobalt from Spent Lithium-Ion Batteries
February 25th, 2024Not investment advice: Fundamentals on cobalt seem very bad, but none of what follows is close to making a meaningful impact on commercial availability. Look at the cobalt price chart using one month candles. Hmm… Via: American Chemical Society: The growing demand for lithium-ion batteries (LiBs) for the electronic and automobile industries combined with the […]
Why Coles Just Hired U.S. Defence Contractor Palantir
February 25th, 2024When I worked for FedEx decades ago, employees had to code every minute of our time on the clock into specific activities. This was all self reported on a paper time sheet and then we entered the times and work codes into our “Supertrackers” (the handheld computers you see FedEx employees using) at the end […]
Rivian Stock Drops 25%
February 23rd, 2024Via: LA Times: Rivian Automotive Inc. emerged as a darling of investors — a brand with promise of bringing the “cool” factor to the once-red-hot market for electric vehicles. But the Irvine-based company hit the brakes Wednesday, announcing a 10% cut to its workforce and lower production expectations. The news sent its stock plummeting. The […]
Magic AI: “We’ve Raised $117 Million… to Build an AI Software Engineer”
February 21st, 2024We've raised $117M from @natfriedman and others to build an AI software engineer. Code generation is both a product and a path to AGI, requiring new algorithms, lots of CUDA, frontier-scale training, RL, and a new UI. We are hiring! pic.twitter.com/I3fOLmrKA8 — Magic.dev (@magicailabs) February 15, 2024 Via: BayAreaInno: A San Francisco startup using artificial […]
Tennessee Company Accused of Using Child Labor to Clean Slaughterhouses
February 21st, 2024What happens to the ones who aren’t cleaning the slaughterhouses? Biden Administration Facilitates Sex Trafficking and Rape of Immigrant Children, Florida Grand Jury Reports ‘Modern-Day Slave Traders’: Hawley Demands Probe Into 85,000 ‘Lost’ Migrant Children HHS Whistleblower Says Government Complicit in Trafficking; Child Admits Being ‘Pimped’ by Sponsor Biden Secretly Flying Underage Migrants Into NY […]
NYC Mayor To Give Migrants Debit Cards Worth Up To $10,000
February 21st, 2024Via: NY Post: It takes money to make money, as the old saying goes, and apparently, it also takes money — as much as $53 million — to give money away. Earlier this month, The Post broke the story that Mayor Eric Adams is giving out pre-paid cash cards to migrants. Unusually for the mayor, […]
Japan Bets $67 Billion to Become a Global Chip Powerhouse Once Again
February 21st, 2024Via: Bloomberg: Deep in the snowy northern island of Hokkaido, Japan is pouring billions of dollars into a long-shot bet to revive its chip-making prowess and insulate its economy from growing US-China tensions. … A freshly created homegrown venture, Rapidus Corp., is looking to mass produce state-of-the art 2 nanometer logic chips in 2027 from […]
The War On Children
February 20th, 2024Via: The War On Children: Worth watching, especially for parents pic.twitter.com/k6gb2CMVqU — Elon Musk (@elonmusk) February 18, 2024
Tokenized, Inc: BlackRock’s Plan To Own The Fractionalized World
February 17th, 2024Via: Unlimited Hangout: In the aftermath of the recent Bitcoin ETF approvals, BlackRock’s Larry Fink revealed that soon everything will be “ETF’d” and tokenized, threatening to fractionalize not just existing assets and commodities, but the natural world, reducing most living things into Wall Street financial products to be traded on a single, universal ledger. … […]
Microsoft Investing 3.2 Billion Euros In Germany For AI Research
February 17th, 2024Via: Reuters: U.S. software giant Microsoft will invest 3.2 billion euros ($3.44 billion) in Germany in the next two years, mostly in artificial intelligence, offering a boost to Europe’s largest economy as it faces its worst slump in 20 years. With its biggest investment in Germany in the last 40 years Microsoft aims to double […]
