Investors looked back when they should have been looking forward. Give credit where it’s due, Citi analyst Paul Lejuez saw that coming a mile away. He downgraded Lululemon Athletica (LULU 0.06%) in July on the problems that “the general assortment of products lacks cohesion, is not compelling/exciting for the consumer and feels disjointed”. He added … Read more
Vay, a startup that made a teleoperated breakthrough in car-sharing in Berlin and Las Vegas, is expanding into commercial and business-to-business services supported by recent deals with French carmaker Peugeot and Belgium-based Poppy. Vay is not a traditional ride-hailing or car-sharing startup, nor does it operate a robotaxi service. Yet when customers in Las Vegas … Read more
These two technology leaders are leveraging artificial intelligence to fuel further growth. Artificial intelligence (AI) is quickly becoming the most important narrative in the technology industry as companies recognize the massive opportunities it creates, from business productivity to cybersecurity. Already, a handful of companies have emerged as AI technology leaders, including the semiconductor company Broadcom … Read more
A SpaceX Falcon 9 rocket and a Crew Dragon spacecraft are ready to launch the Polaris Dawn commercial astronaut mission from Launch Complex 39A. Liftoff from NASA’s Kennedy Space Center is set for no earlier than 3:38 a.m. EDT (0738 UTC) on August 27, 2024. Image: Michael Cain/Spaceflight Now Update 10:18 pm EDT: SpaceX is … Read more
A Falcon 9 rocket soars through the skies over Florida’s Space Coast during the Starlink 8-10 mission. This was SpaceX’s return to the flight mission, following a failed booster landing on Wednesday. Image: Michael Cain/Spaceflight Now Update 4:04 am EDT: SpaceX has launched the mission and landed its first stage booster on its drone, “Read … Read more
First announced at Google’s I/O developer conference in May, Google Photos’ AI-based search feature, “Ask Photos,” rolled out to users starting Thursday. The feature, which allows users to ask AI to find photos with more complex questions, will initially be available in “early access” to select customers in the US before expanding to a larger … Read more
A Starlink 8-6 mission strip showing the Falcon 9 rocket flying away from Space Launch Complex 40 at the Cape Canaveral Space Force Station on August 28, 2024. Image: Michael Cain/Spaceflight Now SpaceX’s Falcon 9 rocket has been grounded by the Federal Aviation Administration for the second time in less than two months, following the … Read more
The advancement of generative AI tools has created a new problem for the internet: the proliferation of images of synthetic nudes that resemble real people. On Thursday, Microsoft took a big step to give victims of revenge porn a tool to prevent their Bing search engine from returning these images. Microsoft has announced a partnership … Read more
For more than two decades, Jay Chandarana relied on commercial banks to meet the day-to-day working capital needs of his family business, sesame seed exporter Dhaval Agri. It was an agreement that basically worked: the company grew to have a share of 13% of the country’s total exports, making it the largest exporter of sesame … Read more
Sentinel-2 in the Vega launch tower. Image: ESA-CNES-ARIANESPACE/CSG-T video optics. Leduc Update 10:52 pm EDT: Arianespace has confirmed the successful deployment of the Sentinel-2C spacecraft. The European Space Agency (ESA) has completed its transition to its Vega-C mission with the final launch of its first generation Vega. The mission, called VV24, brought an Earth imaging … Read more
