Author: franperez66q@protonmail.com

BP sees boost from energy prices in second quarter but flags $1 billion impairment Source link

TerraFirma’s semi-autonomous construction equipmentCourtesy: TerraFirmaAs SpaceX’s Elon Musk sells investors on a space economy with life beyond Earth, a two-year-old construction startup founded by two of the company’s former engineers is positioning itself for the future of interplanetary infrastructure. TerraFirma on Tuesday said it raised $115 million in a funding round with investments from Kleiner Perkins, Bain Capital Ventures, and defense tech companies SpaceX, Anduril and Hadrian.The Austin-based company uses a combination of interfaces, including Xbox controllers, to remotely operate construction equipment, and says its tools cut costs and improve safety. Long-term, the company wants to build on Mars.”Infrastructure is…

Senator Tim Scott, a Republican from South Carolina and chair of the Senate Banking, Housing, and Urban Affairs Committee, and Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of the Senate Banking, Housing, and Urban Affairs Committee, during a confirmation hearing in Washington, DC, US, on Thursday, June 25, 2026. Graeme Sloan | Bloomberg | Getty ImagesRead more CNBC politics coverage”The dual mandate of the Fed is really important: price stability employment, I also think we have to drill into the artificial intelligence conversation in South Carolina,” Scott said. “The real question we should ask is how do…

Frontier AirlinesNurphoto | Nurphoto | Getty ImagesFrontier Airlines and four other budget carriers with more than 1,000 planes between them will debut in-flight Wi-Fi early next year from SpaceX’s Starlink, another win for the satellite internet provider.Frontier’s first Airbus plane equipped with Starlink internet will roll out in early 2027, the airline said Tuesday. CNBC reported in 2022 that Frontier was in talks with Starlink to add its first in-flight Wi-Fi service.A Frontier spokeswoman declined to say whether flyers could use the service for free. Major airlines that have signed deals with Starlink have been offering Wi-Fi complimentary for loyalty…

IBM warns AI boom is squeezing software budgets; shares slump in sector rout Source link

TikTok’s policy chief defended the platform’s safety measures as the European Union pushes ahead with restricting children’s access to social media amid intensifying scrutiny of tech giants. Ali Law, TikTok’s director of public policy and government affairs in Northern Europe, told CNBC’s Karen Tso and Steve Sedgewick that the social media giant was built in a “safety by design” way to ensure young people are safe on the platform. “We’re really conscious of the concerns that both parents and policymakers have in this area,” Law said on “Squawk Box Europe” on Tuesday. “We want people to have a healthy and safe relationship with…

Warren Buffett speaks with CNBC during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.David A. Grogan | CNBCWarren Buffett omitted the Gates Foundation from his annual charitable stock gifts, directing all of this year’s donations to four family-linked foundations.Berkshire Hathaway said the 95-year-old chairman will donate 9 million Class B shares of Berkshire Hathaway to the Susan Thompson Buffett Foundation and 1 million shares each to the Sherwood Foundation, the Howard G. Buffett Foundation and the Novo Foundation. “My goal is to dispose of all of my Berkshire shares within about eight years,” Buffett said…

Deutsche Bank sees SpaceX orbital data centers matching ground costs Source link

Over the past few years, many of us have gotten a crash course in what we now call artificial intelligence—but really, it has mostly been a crash course in large language models. Increasingly, however, LLMs are no longer the only category of AI drawing high expectations, massive funding rounds, and significant research and product development. Over the past year, we’ve seen a plethora of new announcements in a category labeled “world models,” and you’ll likely see more movement there in the coming months and years. Instead of or in addition to working with language, world models aim to lay the…

Reform UK’s Treasury spokesman has accused the government of a “dereliction of duty” over Nigel Farage’s taxpayer-funded security, claiming it had previously been “downgraded”.Robert Jenrick said his party leader had not been offered the security he needs, after it emerged Reform UK turned down an offer of government-funded security last year.It comes as the alleged murder of Reform’s Ann Widdecombe, which is now being investigated by counterterrorism police, has prompted renewed debate over the security offered to politicians.Farage is set to meet with the Home Office over his security arrangements, after accepting an offer of a meeting made by Home…