Month: April 2022

Puzzle over Elon Musk Twitter plan after cryptic ‘moving on’ tweet

Enigmatic post from Tesla billionaire comes after he said he had $46.5bn in financing to fund possible hostile Twitter takeover Billionaire entrepreneur Elon Musk on Sunday threw some uncertainty into his plans for a takeover of social media platform Twitter by posting a message that said he was “moving on”. Musk is famed for his …

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Could Anglesey’s tidal energy project drive a new energy revolution?

Experts say Wales has huge potential for generating renewable marine power, yet, so far, ambitious schemes have been ignored On the stunning and craggy coastline of Holy Island in north Wales, work has started on a construction project to generate energy from one of the world’s greatest untapped energy resources: tidal power. The Morlais project, …

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Carolyn Chen: ‘The tech company offers the most efficient solution to providing a meaningful life’

A new book exposes Silicon Valley’s use of spiritual concepts and practices to optimise their workers’ productivity Carolyn Chen is a sociologist and UC Berkeley professor who researches religion, race and ethnicity. Her new book, Work Pray Code: When Work Becomes Religion in Silicon Valley, features in-depth interviews with employees and employers to explore how …

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Elon Musk wants to own Twitter to protect his ‘freedom’, not everyone else’s | Robert Reich

Billionaires like Musk use their vast wealth to build a world unconstrained by laws, shareholders or accountability Elon Musk has now put together a $46.5bn financing package to buy Twitter – two thirds of it from his own assets, and a third from bank loans secured against Twitter’s assets. It’s the biggest acquisition financing ever …

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Meta investors brace for a difficult quarter after stocks nosedive

After losing a record $230bn in market value due to a disappointing earnings report in February, analysts are hoping to see progress Meta experienced a historic nosedive in value earlier this year amid a major rebrand and shake-ups to its business model – and investors are bracing for another difficult quarter. Meta lost a record …

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Twitter uses Earth Day to announce ban on climate denialism ads

The platform has been a source of a growing wave of climate misinformation and said denialism ‘shouldn’t be monetized’ Twitter chose Earth Day to announce it will ban advertisements that deny the scientific consensus on climate crisis. “We believe that climate denialism shouldn’t be monetized on Twitter, and that misrepresentative ads shouldn’t detract from important …

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A self-driving revolution? We’re barely out of second gear | John Naughton

The Department for Transport’s breezy predictions about driverless cars transforming Britain into a ‘global science superpower’ are both premature and optimistic “Britain moves closer to a self-driving revolution,” said a perky message from the Department for Transport that popped into my inbox on Wednesday morning. The purpose of the message was to let us know …

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Britain’s Tesla hopes for big things from ‘microfactories’

Electric vehicle maker Arrival is gambling that small sites, a ‘Lego-block’ manufacturing system and lots of robots will bring it success The last year has been tricky for electric vehicle startups. After a burst of investment mania in which companies raised billions on the mere promise of battery propulsion, valuations have come back down to …

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EU agrees rules to force big tech to rein in illegal content or face huge fines

Digital Services Act can now fine platforms like Facebook, Google and Twitter up to 6% of their global revenue Large online platforms including Facebook, Google and Twitter will have to do more to tackle illegal content or face multibillion euro fines under a new European Union regulatory regime agreed on Saturday. The wide-ranging Digital Services …

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