A new wrinkle in Boeing’s 737 Max crash drama
Two of Boeing’s 737 Max jets crashed in 2018 and 2019, killing 346 people. A federal judge on Thursday rejected a July plea deal between Boeing and US prosecutors, citing concerns with the role diversity, equity, and inclusion would play in selecting an independent monitor. In his decision, Judge Reed O’Connor expressed doubts about Boeing’s…
Spirit executive: Other airlines want us out of business
Spirit executive said other airlines are “gunning” for Spirit and want it “out of business.” A Spirit Airlines executive blamed competitors for some of its financial and operational woes during a congressional hearing on Wednesday, pointing to factors including pilot staffing and limited airport access. Chief commercial officer Matthew Klein told a Senate subcommittee that…
Automakers say they need a ‘miracle’ to meet EV transition timelines. They think Trump could help.
Automakers are facing lower-than-expected demand for EVs this year. Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales. Executives at Nissan, Toyota, and the auto industry’s largest US lobbying group say it will be impossible for the industry to meet…
Fatal Tesla Cybertruck crash that killed 3 students leads to probe from NHTSA
The NHTSA is probing a Cybertruck crash that killed three college students. The National Highway Traffic Safety Administration is probing a Cybertruck crash that killed three college students last month in California. “NHTSA is aware of the crash and is gathering information from the manufacturer and law enforcement,” a spokesperson for the agency told B-17,…
Ukraine just gave a first look at its new homemade Hell ‘drone-missile’ with more than twice the range of ATACMS
Ukraine’s new “Peklo” munitions on display in Kyiv on December 6. Ukraine revealed a new hybrid “drone-missile” weapon on Friday that Kyiv says has already been used in combat and will now enter mass production. The newest domestically-produced munition, known as “Peklo” (or “Hell” in Ukrainian), boasts a significantly greater range than the Western-provided cruise…
The Pentagon knows it’s got a drone problem. Here’s what it’s doing about it.
A contractor hand-launches a drone at a counter-UAV training site in California in January 2020. The US military is increasingly realizing that drones are a substantial problem it’s going to need an answer for. The Pentagon has developed a new counter-drone strategy to address the growing threat that drones pose to US forces at home…
The Fed shouldn’t cut rates as inflation is rising, markets are too frothy, JPMorgan Asset Management bond expert says
The Federal Reserve may not have as much room to cut interest rates as it thinks, and central bankers would be better off skipping another decrease in December, according to one JPMorgan bond expert. Bill Eigen, the head of the Absolute Return and Opportunistic Fixed Income team at JPMorgan Asset Management, cautioned markets ahead of…
OpenAI’s new o1 model sometimes fights back when it thinks it’ll be shut down and then lies about it
OpenAI CEO Sam Altman said the company’s o1 model is its “smartest” yet. That also comes with risk. Those who are worried that advancements in artificial intelligence could lead to the destruction of humanity have a new reason to be anxious. New research on OpenAI’s latest series of AI models, known as o1, found that…
Amazon isn’t seeing enough demand for AMD’s AI chips to offer them via its cloud
AWS logo at re:Invent 2024 Last year, Amazon Web Service said it was considering offering cloud access to AMD’s latest AI chips. 18 months in, the cloud giant still hasn’t made any public commitment to AMD’s MI300 series. One reason: low demand. AWS is not seeing the type of huge customer demand that would lead…
