Technology

Meta lines up layoffs while Microsoft offers buyouts | Business and Economy News

Meta will lay off 8,000 workers while Microsoft is offering buyouts to 8,750 people, a first for the Windows maker.

Meta is laying off about 8,000 workers, or about 10 percent of its workforce, the company has said as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.

On Thursday, the company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its business, as first reported by Bloomberg, which also said the company will leave about 6,000 jobs unfilled.

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Also on Thursday, Microsoft said it was offering voluntary buyouts to thousands of its US employees.

The software giant plans to make the offers in early May to about 8,750 people, or 7 percent of its US workforce, according to two people familiar with the plan who were not authorised to speak about it publicly.

While an alternative to the sudden layoffs removing tech workers from peers like Meta and Oracle, the savings are likely tied to a similar industry upheaval that is requiring huge spending on the costs of artificial intelligence.

Meta has already warned investors that its 2026 expenses will grow significantly — to the range of $162bn to $169bn — driven by infrastructure costs and employee compensation, particularly for the AI experts it has been hiring at eye-popping pay levels.

This week, Meta also said it was breaking ground on an AI-optimised data centre in Tulsa, Oklahoma, a $1bn investment and its 28th data centre in the US.

Wedbush analyst Dan Ives welcomed Meta’s cuts in a note to investors on Thursday.

He said he sees it as part of a strategy of using AI tools to “automate tasks that once required large teams, allowing the company to streamline operations and reduce costs while maintaining productivity, driving an increased need for a leaner operating structure”.

Microsoft, based in Redmond, Washington state, has spent billions of dollars on operating an ever-expanding global network of data centres that power cloud computing services, AI systems and its own suite of productivity tools, including the AI assistant Copilot.

CNBC reported earlier on Thursday on a memo from Microsoft’s chief people officer, Amy Coleman, announcing the voluntary retirement plan.

“Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support,” Coleman wrote, according to CNBC.

Meta stock fell 2.3 percent on Thursday, while Microsoft stock ended the day down 3.97 percent.

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LG strengthens alliance with NVIDIA for AI

LG AI Research head Lim Woo-hyung (L) speaks with NVIDIA Vice President Bryan Catanzaro at the company’s head office in Seoul on Tuesday. Photo by LG Group

SEOUL, April 22 (UPI) — South Korea’s LG AI Research said that it has agreed to strengthen cooperation with NVIDIA to develop next-generation AI technologies and expand the ecosystem of its flagship AI model, EXAONE.

Toward that goal, LG AI Research’s chief Lim Woo-hyung met with NVIDIA Vice President Bryan Catanzaro, who visited Korea to attend the NVIDIA Nemotron Developer Days Seoul 2026.

The two companies have collaborated before. LG AI Research said that it has leveraged datasets of NVIDIA’s Nemotron open ecosystems to develop and upgrade its EXAONE models.

“Purpose-built, domain-specific models unlock the full value of AI by using culture- and language-specific data aligned with what makes nations and industries unique,” Catanzaro said in a statement.

“By integrating the LG AI Research EXAONE platform with NVIDIA Nemotron, organizations can create high-quality local models that advance sovereign AI initiatives-opening the door to new business opportunities and enhanced social services.”

Lim stressed that NVIDIA has been a key partner throughout the development of EXAONE.

“We will expand our collaboration with NVIDIA beyond research into a broader innovation ecosystem to deliver tangible sovereign AI outcomes that can be realized across industries,” he said.

As one of the leaders in South Korea’s sovereign AI project, LG Group has recently sought to accelerate the conglomerate’s AI transformation.

Earlier this month, for example, Chairman Koo Kwang-mo flew to Silicon Valley to meet with chiefs of global tech companies Palantir Technologies and Skild AI.

The share price of LG Corp., the holding company of LG Group, gained 0.95% on the Seoul bourse Wednesday.

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The Second Nuclear Age: Why the World is Betting on the Atom Again

Data centres, climate targets and energy security – three forces pushing nuclear power back to the forefront of the global agenda. But behind the technological shift lies a human dimension: the story of nuclear host communities, where quality of life has long defied the familiar fears.

Three Forces Behind the Renaissance

The AI Data Centre Surge   Climate Commitments Energy Security
Data centres already consume ~2% of global electricity and the figure is set to multiply as AI model training becomes industrial. Only nuclear can deliver baseload power at scale, 24/7, regardless of weather At COP28, 20+ nations pledged to triple nuclear capacity by 2050. Nuclear emits less CO₂ per kWh over its full lifecycle than solar panels – and far less than any fossil fuel alternative The crises of 2021-2022 exposed the vulnerability of single-source energy systems. Now, the 2026 Middle East conflict has delivered an even starker lesson: severe disruption of flows through the Strait of Hormuz has triggered what the IEA has described as “the largest supply disruption in the history of the global oil market” – worse than the oil shocks of the 1970s. The crisis has made one argument impossible to ignore: energy that is generated at home cannot be blockaded.

In 2024, Microsoft signed a deal to restart a unit at Three Mile Island – the very plant in Pennsylvania whose partial meltdown in 1979 shaped public anxiety about nuclear for decades. The reasoning was simple: the data centres powering AI require enormous quantities of electricity, continuous and ideally carbon-free. A nuclear plant delivers all three. That deal has since become something of a symbol for a much broader shift playing out across dozens of countries.

The industry already calls it a renaissance – not the first in nuclear’s history, but arguably the most structurally grounded. Three things are happening at once: explosive electricity demand from the digital economy, binding climate targets set by governments, and a growing reckoning with the limits of intermittent renewables. Wind and solar are essential to decarbonisation – but they cannot guarantee baseload supply in all weather, at all hours. Nuclear can.

“We need a source that delivers around the clock, every day of the year – sun or no sun, wind or no wind.” That, roughly, is how energy executives frame the problem when they look at what AI actually needs from the grid.

ARTIFICIAL INTELLIGENCE: AN UNLIKELY ALLY FOR NUCLEAR

Data centres already account for about 2% of global electricity consumption, and that figure could rise dramatically by 2030 as training and running large language models becomes routine. Google, Amazon, Meta and Microsoft are all in the market for long-term clean power contracts – and nuclear plants are almost the only sellers that can offer both the scale and the certainty those contracts require.

One example already up and running: the Kalinin Data Centre, built directly on the site of the Kalinin nuclear power plant in Russia. It draws up to 80 MW of guaranteed power straight from the plant’s substations – giving it some of the lowest electricity costs in central Russia – and operates to Tier III reliability standards. It has been included in Russia’s national Digital Economy programme. This is not a concept for the future: a nuclear plant is already powering real digital infrastructure today.

In the United States, after decades of stagnation, the first licensing procedures in a generation have begun for new reactors, including small modular reactors – SMRs – that promise lower capital costs and shorter build times. In the United Kingdom, Hinkley Point C is under construction. France has announced six new EPR-2 reactors. Canada has approved a major refurbishment of the Pickering station. These are not isolated decisions. They represent a change of direction that is now systemic.

THE CLIMATE CASE: THE NUMBERS SPEAK FOR THEMSELVES

Nuclear energy produces less carbon dioxide per kilowatt-hour over its full lifecycle than a solar panel, and many times less than a gas turbine. For governments that have committed to climate neutrality by 2050, this is becoming a decisive argument – particularly given that large-scale battery storage, the main alternative for backing up renewables, carries its own considerable environmental costs.

It is no coincidence that at COP28 in Dubai, more than 20 nations signed a declaration committing to triple nuclear capacity by 2050. The list includes the United States, France, the United Kingdom, Japan, Canada and South Korea. After years on the political margins, nuclear is back in the official climate conversation.

  87%     +$9K     €59B   >$2B
of residents in 24 Russian nuclear cities report satisfaction with their quality of life   average household income between US counties near nuclear plants vs. neighbouring counties   projected average annual household income generated by EU nuclear industry, 2025–2050   annual economic impact of Palo Verde nuclear plant in Arizona, the largest in the US
Nuclear cities sociological survey, Russia Good Energy Collective / Carnegie Mellon, 2022 Deloitte / NuclearEurope, 2025   APS – Arizona Public Service  

NUCLEAR CITIES: THE LIFE THAT RARELY MAKES THE NEWS

In the middle of the technology and climate debate, it is easy to miss a different dimension entirely – the human one. Nuclear energy does not exist in the abstract: it lives in specific towns and regions, alongside real communities. And the data on quality of life in those places tell a story that sits rather awkwardly alongside the image embedded in popular culture.

Research from multiple countries consistently finds that cities and regions hosting nuclear facilities tend to have higher household incomes, better infrastructure, stable employment, and often stronger demographic indicators than comparable areas without nuclear presence. A nuclear plant is not simply a generator. It is an anchor employer, a leading taxpayer, and a structural pillar of the local economy for decades at a stretch.

EVIDENCE FROM AROUND THE WORLD

CANADA – Bruce Power (Ontario)

Bruce Power is the largest employer in Ontario’s Bruce County. Ipsos polling found that 93% of local residents consider the company a “good neighbour” and 96% are confident the plant operates safely. That level of sustained public support sits alongside major refurbishment programmes that will go on creating thousands of regional jobs for years ahead.

HUNGARY – Paks

Paks is a small town on the Danube, 100 kilometres south of Budapest. According to Hungary’s Central Statistical Office (KSH), it ranks among the country’s leaders in per capita income – GDP per capita and purchasing power run roughly 1.5 to 2 times the national average. Male life expectancy in Paks is around 75-76 years, against 73 nationally; female life expectancy is 81-82, against 79 across Hungary. 

FINLAND – Eurajoki (Olkiluoto NPP)

The Finnish municipality of Eurajoki, home to the Olkiluoto plant, has a population of around 9,000 and is one of the most financially secure municipalities in the region. In 2022, the plant’s operator TVO paid €20 million in property tax, out of the municipality’s total tax revenue of €57 million. Local authorities describe Eurajoki as debt-free. It also maintains a stable population, which is a genuinely rare achievement for small Finnish communities. 

RUSSIA – Udomlya (Kalinin NPP, Tver Region)

The Kalinin nuclear power plant is the largest electricity producer in central Russia, located 3 kilometres from the town of Udomlya. The plant generates 82% of all electricity produced in the Tver Region and 14% of the output of the entire Central Federal District. It is also a major regional employer: together with contractor organisations, the station accounts for around 30% of all jobs among the working-age population of the Udomlya municipal district. The plant supplies the town with heat and hot water, and the construction of the station marked the beginning of rapid development across the entire surrounding area.

UNITED STATES – Palo Verde (Arizona)

Palo Verde is the largest nuclear plant in the United States and generates more than $2 billion in annual economic impact for Arizona. The station directly employs 2,500 people, with a further 5,800 jobs supported in related industries. It is Arizona’s largest private taxpayer – a contribution that matters directly to the funding of local schools and public infrastructure. 

SWEDEN – Forsmark

A Novus survey from spring 2023 found that at least 86% of residents in Östhammar municipality – where Forsmark is located – support the construction of a permanent spent fuel repository. Nine in ten local residents believe the presence of operator SKB has a positive impact on regional development. 

UNITED KINGDOM – Hinkley Point C (Somerset)

Britain’s largest infrastructure project will employ up to 15,000 workers at peak construction. More than 1,500 apprentices have already been trained, 500 more than originally planned. Three Skills Centres of Excellence in Somerset have put over 8,000 people through training in welding, electrical and mechanical trades. The effects on the regional labour market will be felt for a long time. 

CANADA – Pickering (Ontario)

The Pickering refurbishment is expected to create around 30,500 jobs during construction and sustain 6,700 permanent positions during operation. The project received government approval in November 2025, with construction due to begin in 2027. 

FRANCE – Nuclear host regions

Analysis by France’s national statistics agency INSEE indicates that nuclear plants generate economic clusters that sustain employment and population in smaller municipalities across the country. 

THE PROXIMITY PARADOX: WHY NUCLEAR COMMUNITIES SUPPORT NUCLEAR ENERGY

Sociologists have long noted a pattern that tends to surprise outsiders: the further people live from a nuclear plant, the more they fear it. The closer they live, the more they trust it. A Nuclear Energy Institute study found that 89% of residents within ten miles of a reactor view nuclear energy favourably. Surveys across nuclear host cities in Russia show that 78% of residents feel proud of the industry’s achievements, and more than two-thirds rate its contribution to their city’s development positively. Across 24 such cities, 87% of residents report satisfaction with their quality of life – in some, the figure exceeds 90%.

This is not a coincidence, and it has nothing to do with messaging campaigns. It is the product of lived experience. When a nuclear plant is the largest employer in the area, the main source of local tax revenue, and the sponsor of community sports clubs and healthcare facilities, people’s relationship with it is shaped not by what they read in the news, but by the texture of their daily lives.

The Proximity Paradox: Trust Rises Near the Plant

  The closer people live to a reactor, the more they support it Sociologists have long documented a consistent pattern: public support for nuclear energy is significantly higher among people who live close to a plant. Daily life near a facility creates a different picture than the one shaped by media coverage from a distance. The effect holds across countries, cultures and decades of polling.       Within 10 miles of a reactor (US, Nuclear Energy Inst.) Bruce Power region (Canada, Ipsos) Forsmark area (Sweden, Novus 2023) Nuclear cities, Russia (satisfied with life)     89%   96%    86%  87%

CONCLUSION: AN OLD SOURCE OF ENERGY FOR NEW CHALLENGES

The nuclear renaissance that gathered momentum through the mid-2020s is neither nostalgia nor ideology. It is a practical response to several problems that landed at roughly the same time: exponential growth in electricity demand from the digital economy; climate targets that cannot realistically be met without firm, low-carbon baseload generation; and hard lessons from successive energy crises about the fragility of systems built around a single source or a single supplier.

Against that backdrop, the accumulated experience of nuclear communities around the world: from Eurajoki in Finland to Paks in Hungary, from the shores of Lake Ontario to the Arizona desert, makes for a substantial body of evidence. Living near a nuclear plant is not a losing proposition for a community. More often than not, it has been the foundation of lasting prosperity, decent public services, and demographic stability that many non-nuclear towns can only envy. That, too, belongs in the conversation about what the future of energy actually looks like.

This analysis draws on data from: Deloitte / NuclearEurope (2025); Good Energy Collective / Carnegie Mellon University (2022); Ipsos Canada; Novus / SKB (Sweden, 2023); KSH — Hungarian Central Statistical Office; TVO (Finland); APS — Arizona Public Service; EDF Energy (United Kingdom); Government of Ontario; INSEE (France); Nuclear Energy Institute (United States); IEA; sociological surveys of nuclear host cities in Russia; Rosenergoatom

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Children to be banned from using phones in schools in England by law

The British government said Monday that it will pass legislation to bar smartphones from schools in England amid broader political and societal debate over whether to ban social media for children younger than 16. File photo by Sascha Steinbach/EPA

April 21 (UPI) — The British government announced it will pass legislation to ban children from using smartphones in schools in England.

The plans unveiled Monday in the House of Lords by Baroness Jacqui Smith, the education minister, formalize what is already policy in many schools but introduces a “clear legal requirement” that would empower them to enforce it — including removing phones from children before class.

The proposed amendment to the Labour administration’s Children’s Wellbeing and Schools Bill came after repeated efforts by members of the upper chamber over the past few months to tack on a social media ban for children younger than 16.

Further “ping pong” opposition and blocking, with the Lords repeatedly refusing to pass the legislation and sending it back to the House of Commons, could risk the flagship bill running out of time to become law in the current session of parliament, which is due to end within weeks.

“We recognize the strength of feeling on this issue, both in this House and beyond,” said Baroness Smith.

“Notwithstanding the fact that we think the guidance already in place provides head teachers and schools with a range of approaches to be able to deliver the objective that we all share, we are committing to tabling an amendment in lieu, which will place the existing guidance on a statutory footing in the Bill, creating a clear legal requirement for schools.

“We’ve listened to concerns about how we support headteachers in delivering on this policy and we have listened to parliament,” added Baroness Smith.

The law will only apply to schools in England because education is an area where power is devolved to the parliaments and assemblies of the other countries of the United Kingdom — Scotland, Wales and Northern Ireland.

The move came two months after the Department for Education issued new guidance to schools that they should be phone-free environments, including during lessons, between lessons, breaktimes and at lunch, but stops short of an outright ban, stating only that phones must be off and in a bag or jacket.

Baroness Smith rejected criticism from some Lords that while the government’s proposal removes the “not seen, not heard” policy from guidance to schools — because phones remain a distraction even when off and out of sight — there was confusion with schools assuming the existing policy remains unchanged and “will continue to be the norm in schools.”

“We have now taken that out of the guidance, and we would be willing to consider whether we should be stronger on that. It is a complex area where different schools and different head teachers might have different ways of achieving the outcome, but it is not possible for me to say that it would be impossible [for children to still use their phones],” said Baroness Smith.

Kemi Badenoch, the leader of the opposition Conservative Party opposition, said Tuesday that her party had been battling Prime Minister Keir Starmer for a ban for over a year and that it had only been realized due to the efforts of her education secretary, Laura Trott.

“In March last year, I asked Starmer to ban phones in schools. He dismissed it as ‘completely unnecessary.’ Now it’s the latest Government U-turn. This is a testament to the relentless work of Laura Trott and our shadow cabinet,” Badenoch wrote on X.

“Now, let’s get under-16s off social media,” she added.

In a post online, Laura Trott, credited the efforts of teachers, parents and health professionals for what she said was “the right step for improving behaviour and raising attainment in our classrooms,” but vowed to hold the government to its word on making sure phones were actually banned.

“We’ll push the government to make clear that ‘not seen & not heard’ policies aren’t allowed,” wrote Trott.

Children race to push colored eggs across the grass during the annual Easter Egg Roll event on the South Lawn of the White House in Washington on April 21, 2025. Easter this year takes place on April 5. Photo by Samuel Corum/UPI | License Photo

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Technofacism? Why Palantir’s pro-West ‘manifesto’ has critics alarmed | Technology News

The US tech giant Palantir Technologies has posted what it terms a summary of Palantir CEO Alex Karp and head of corporate affairs Nicholas Zamiska’s book, The Technological Republic, on social media.

Many of the positions articulated in the book go far beyond what would normally be expected of a tech company: calling for the introduction of national service, the “moral” duty of technology companies to participate in defence, the necessity for hard power if what it calls free and democratic powers are to prevail, and an embrace of religion in public life.

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The publication of what appears to be a 22-point manifesto comes at a critical time for Palantir, which faces global criticism for its support of US President Donald Trump’s controversial immigration crackdown and its backing of the Israeli military’s actions in Gaza and the occupied West Bank.

Many have expressed alarm at the book’s emphasis on cultural hierarchies and what it calls “regressive” cultures.

Eliot Higgins, the founder of the online investigations platform Bellingcat, sarcastically pointed out how “completely normal” it was for a tech company to post what he said was a manifesto attacking democratic norms. “It’s also worth being clear about who’s doing the arguing,” Higgins added. “Palantir sells operational software to defence, intelligence, immigration & police agencies. These 22 points aren’t philosophy floating in space, they’re the public ideology of a company whose revenue depends on the politics it’s advocating.”

So, what is Palantir, why is it so controversial, and why has it posted the “manifesto” now?

What does the book say?

As well as referring to the hard power needed to replace the “soaring rhetoric” previously used to defend “free and democratic societies”, the book rails against what it calls the “psychologization of modern politics”, which appears to criticise anyone the authors feel has become too emotionally invested in their political representatives and identity.

The call for people to care less about politics appears to critics as a way of deflecting from Palantir’s own controversial political positions and its openness to working with government policies that clamp down on liberty. Worryingly for some is also the book’s emphasis on what it calls the technology sector’s “obligation to participate in the defence of the nation”, and on the supposed inevitability of developing AI weapons.

Among other points, the writers appear to defend billionaires, such as Elon Musk, whose achievements, they say, are not met with “curiosity or genuine interest” but are instead dismissed by those who “snicker” at the South African-born businessman. Musk was heavily criticised for his role as the head of DOGE, or the US Department for Government Efficiency, which scrapped several government agencies without much regard for the roles those agencies played, or the legal and political process necessary to shut such agencies down.

Palantir’s post concludes by criticising “the shallow temptation of a vacant and hollow pluralism”. It argues that an unthinking commitment to inclusivity and pluralism “glosses over the fact that certain cultures and indeed subcultures… have produced wonders. Others have proven middling, and worse, regressive and harmful”.

How have people reacted?

Not well.

Mark Coeckelbergh, a Belgian philosopher of technology who teaches at the University of Vienna, described Palantir’s messaging as an “example of technofascism”, while Greek economist and former Finance Minister Yanis Varoufakis said Palantir had effectively signalled a willingness “to add to nuclear Armageddon the AI-driven threat to humanity’s existence”.

Posting on social media, Arnaud Bertrand, the entrepreneur and geopolitical commentator, claimed that Palantir had revealed a dangerous “ideological agenda”.

“They’re effectively saying ‘our tools aren’t meant to serve your foreign policy. They’re meant to enforce ours’,” he wrote.

What is Palantir?

Palantir Technologies is widely regarded as one of the world’s most influential data analytics firms, securing major contracts with governments, militaries and global corporations.

Founded in 2003 by Alex Karp and Peter Thiel, with support from In-Q-Tel, the CIA’s venture capital arm, it built its early business on post-9/11 intelligence work and has since expanded internationally, with contracts across Europe, the Middle East, and beyond.

While retaining his shares in Palantir, Thiel is understood to no longer play an active role in its day-to-day operations. Karp has positioned himself as the public face of the company.

Under Karp’s leadership, Palantir has drawn heavily on the expertise of former members of Israel’s cyber-intelligence unit, 8200. After the company announced a “strategic partnership” with Israel in January 2024, its involvement in Gaza and the occupied West Bank expanded considerably. Using a mix of intercepted communications, satellite material and other digital data sources, Palantir began integrating these inputs to help produce targeting databases – effectively, “kill lists” – for the Israeli military.

It has also cultivated close ties with US security agencies, particularly during the Trump administration, of which Thiel has been an enthusiastic backer, and has also worked with Israel in its occupation of the West Bank and genocide in Gaza.

According to its critics, including the rights group Amnesty International, “Palantir has a track record of flagrantly disregarding international law and standards, both in the violations of the human rights of migrants in the United States, to which it risks contributing to, and its ongoing supply of artificial intelligence (AI) products and services to the Israeli military and intelligence services that are linked to Israel’s ongoing genocide in Gaza.”

FILE - In this Wednesday, May 15, 2019, file photo, Palantir CEO Alex Karp arrives for the Tech for Good summit in Paris. Seventeen years after it was born with the help of CIA seed money, Palantir Technologies is finally going public. (AP Photo/Thibault Camus, File)
CEO Alex Karp founded Palantir with Peter Thiel, with investment from the CIA, in 2003 [File: Thibault Camus/AP Photo]

What exactly has Palantir been accused of in Israel and the US?

Palantir Technologies has faced criticism across the world for its enabling of government surveillance and military systems in the US and Israel.

In the US, it has been accused of supporting immigration enforcement and policing tools that aggregate vast personal datasets, including medical information, enabling profiling and raising due process and privacy concerns. In Israel, critics allege that its AI and data platforms have been used in military operations in Gaza, potentially contributing to the targeting decisions that have underpinned Israel’s genocide there.

Responding to questions from Al Jazeera earlier this year, a spokesperson for Palantir said, “As a company, Palantir does support Israel. We’ve chosen to support them because of the appalling events of October 7th. And more broadly, we’ve chosen to support them because we believe in supporting the West and its allies – and Israel is an important ally of the West.” The spokesman was referring to the Hamas-led October 7, 2023, attack on Israel, after which Israel launched its genocidal war on Gaza.

Why post the ‘manifesto’ now?

Palantir’s politics and alarm over its influence are growing and gaining traction across much of the West.

As well as concern among US Democrats, politicians in Germany, Ireland, and in the European Parliament have criticised the tech giant, whose products, according to one German lawmaker and cyber security expert, have fallen short of security standards across the bloc.

In the UK, the row over the National Health Service’s adoption of Palantir technology has led to some of the fiercest criticism yet. MPs calling for the UK to take advantage of an early break in the tech giant’s 330 million-pound ($446.4m) contract with the health service labelled Palantir “dreadful” and “shameful” in a debate last week, after which even the government conceded that it was “no fan” of the US company’s politics.

Louis Mosley, the head of Palantir Technologies UK, defended the company by arguing that it had no interest in patient data and existed only as a tool to better manage health service resources.

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FAA grounds New Glenn rocket after botched satellite release

The FAA has grounded Blue Origin’s New Glenn rocket because although its launch was successful, one of the engines on its second stage did not fire properly when it got to space, which resulted in the spacecraft releasing a communications satellite in too low of an orbit to be useful. Photo by Joe Marino/UPI | License Photo

April 20 (UPI) — The Federal Aviation Administration grounded Blue Origin‘s New Glenn rocket after it botched the release of a satellite following its successful launch two hours earlier.

The third launch of New Glenn and second landing of its reusable booster stage “Never Tell Me The Odds” on a drone ship in the Atlantic Ocean was a success in those terms, but the spacecraft delivered AST SpaceMobile’s BlueBird 7 satellite to an orbit too low for it to operate properly.

Blue Origin said Monday that it is leading an investigation into one of New Glenn’s engines producing insufficient thrust to reach the mission’s target orbit.

“While we were pleased with the nominal booster recovery, we clearly didn’t deliver the mission our customer wanted, and our team expects,” Blue Origin CEO Dave Limp said in a post on X.

The FAA, NASA, the National Transportation Safety Board and the U.S. Space Force also have been monitoring the situation and will require Blue Origin to complete its investigation and report on the engine anomaly, the Orlando Sentinel reported.

“A return to flight is based on the FAA determining that any system, process or procedure related to the mishap does not affect public safety,” the FAA said in explaining why it grounded the rocket.

The New Glenn-3 rocket launched around 7:30 a.m. EDT on Sunday morning, nailing the flight and landing portion of its mission, and successfully released the BlueBird 7 satellite once it reached orbit.

Because one of the two BE-3U engines that power New Glenn’s upper stage didn’t produce sufficient thrust on its second engine burn, which is meant to boost the spacecraft to its target orbit above Earth, it never got there.

Although the satellite was released and powered on properly, the off-nominal orbit — which was too low for it to be useful — AST said it would be jettisoned.

BlueBird 7 is one of 45 satellites that AST SpaceMobile hopes to get in orbit by the end of 2026 as part of a satellite-based cellular network designed to operate with standard smartphones.

The satellite would have been the companies eighth to reach orbit, and it’s share price Feller by more than 6% on Monday, The BBC reported.

Limp said Blue Origin is analyzing data as it conducts the investigation and is “in steady communication with the team at AST SpaceMobile.”

“We appreciate their partnership, and we’re looking forward to many flights together,” Limp said.

NASA’s Orion spacecraft, with the four-member Artemis II crew aboard, is seen under parachutes as it lands in the Pacific Ocean off the coast of California on Friday after its nearly 10-day journey around the Moon and back. NASA Photo by Bill Ingalls/UPI | License Photo

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Blue Origin launches New Glenn rocket, puts satellite in wrong orbit

April 19 (UPI) — Blue Origin successfully launched its New Glenn rocket and landed its booster stage, but it delivered a communications satellite into an orbit too low to be useful.

New Glenn-3, the third launch of the company’s rocket, cleared the tower just before 7:30 a.m. EDT on Sunday morning and roughly six minutes later its first stage touched down on the “Jacklyn” drone ship in the Atlantic Ocean.

The fully reusable booster, called “Never Tell Me The Odds,” was making its second landing as the mission hit its second stage engine cutoff, entered orbit and released AST SpaceMobile’s BlueBird 7 satellite successfully.

The release was successful and the satellite powered up properly, but had been placed into “an off-nominal orbit,” Blue Origin said in a post on X.

“During the New Glenn 3 mission, BlueBird 7 was placed into a lower than planned orbit by the upper stage of the launch vehicle,” AST said in a press release.

“While the satellite separated from the launch vehicle and powered on, the altitude is too low to sustain operations with its on-board thruster technology and will de-orbited,” the company said. “The cost of the satellite is expected to be recovered under the company’s insurance policy.”

AST’s BlueBird 7 satellite is part of a space-based cellular broadband network the company is building that will be accessible using normal smartphones.

The satellite would have been the eighth the company has put in orbit for the network, has satellites number through 32 in production and expects BlueBird 8, BlueBird 9 and BlueBird 10 to be completed in the next month.

AST said that it plans to continue launching satellites roughly every other month for the rest 2026 using “multiple launch providers,” with a goal of 45 satellites in orbit by the end of the year.

Blue Origin, in addition to launching satellites for commercial and government entities, is also building a prototype MK1 “Endurance” lander as a test vehicle in an uncrewed moon landing later this year, Space.com reported.

The prototype is a test run for its MK2 lunar lander that will be used in NASA’s Artemis program to explore the moon and establish a permanent human presence there.

NASA’s Orion spacecraft, with the four-member Artemis II crew aboard, is seen under parachutes as it lands in the Pacific Ocean off the coast of California on Friday after its nearly 10-day journey around the Moon and back. NASA Photo by Bill Ingalls/UPI | License Photo

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Humanoid robot breaks half marathon world record in Beijing | Science and Technology News

The humans were left far behind as smartphone maker Honor’s humanoid robot shattered the men’s world record in China.

A humanoid robot competing against flesh-and-blood runners has broken the world record at a Beijing half-marathon, showcasing the rapid technological advancements achieved by Chinese makers.

Spectators lined the roads in Yizhuang in the capital’s south on Sunday to watch the machines and their human rivals race, each group in a separate lane to avoid accidents or collisions.

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Some of the robots were highly agile, moving like famous runners such as Usain Bolt, while others had more basic capabilities.

The winning humanoid, equipped with an autonomous navigation system and running for Chinese smartphone maker Honor, completed the roughly 21km (13-mile) course in 50 minutes and 26 seconds, at an average speed of about 25km/h (15.5mph), according to state broadcaster CCTV.

That was far faster than the top human in Sunday’s race, while also surpassing the current men’s world record of 57:20, held by Ugandan runner Jacob Kiplimo.

The result represented spectacular progress from last year, when robot-runners fell repeatedly, and the best took more than two hours and 40 minutes to finish.

The number of humanoid entries jumped from about 20 last year to more than 100, according to organisers, a sign of the sector’s growing popularity.

Humanoid robot in action.
A humanoid robot runs alongside human competitors in the second Beijing E-Town Half Marathon and Humanoid Robot Half Marathon in Beijing [Haruna Furuhashi/Pool via Reuters]

‘Pretty cool’

Han Chenyu, a 25-year-old student who watched the race from behind a safety barrier, barely had time to take out her phone and snap a picture of the leading robot as it whizzed past.

She told the AFP news agency she was enthusiastic about such leaps in technology and thought the event was “pretty cool”.

But, she added, “as someone who works for a living, I’m a little worried about it sometimes. I feel like technology is advancing so fast that it might start affecting people’s jobs”, particularly with artificial intelligence (AI) growing increasingly sophisticated.

Humanoid robots have become a common sight in China in recent years, in the media as well as in public spaces.

Xie Lei, 41, who watched Sunday’s race with his family, said robots could “become part of our daily lives” within several years, potentially used for “things like housework, elderly companionship or basic caregiving” or “dangerous jobs, even firefighting”.

The humanoid half-marathon aims to encourage innovation and popularise the technologies used in creating and operating such machines.

In a sign of the industry’s strength, investment in robotics and so-called embodied AI amounted to 73.5 billion yuan ($10.8bn) in China in 2025, according to a study by a government agency.

“For thousands of years, humans have been at the top on planet Earth. But now, look at robots. Just in terms of autonomous navigation, at least in this specific sport event, they’re already starting to surpass us,” Xie said.

“On one hand, it does make you feel a little bit sad for humanity. But at the same time, technology, especially in recent years, has given us so much imagination.”

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FAA accepting bids for AI system to assist air traffic controllers

The FAA is considering bids to develop an artificial intelligence system that could help air traffic controllers predict and correct potential issues hours earlier than they currently can. File Photo by Caroline Brehman/EPA

April 18 (UPI) — The Federal Aviation Administration is working with three bidders to develop artificial intelligence software to help air traffic controllers manage flights across the nation’s airspace.

Transportation Secretary Sean Duffy discussed the effort during a media event on Friday, and said the goal is to help anticipate schedule conflicts and improve planning for bottlenecks at busy airports.

“This software, as they look at the flight paths, won’t see [potential issues] 15 minutes before it happens .. a controller will get a notice that they could change one of the airplane’s flight paths slightly and they can deconflict it an hour and a half or two hours before the conflict even happens,” Duffy said during a media event hosted by Semafor.

The program is aimed at fundamentally changing how airspace in the United States operates, The Air Current reported, and is a major part of the agency’s efforts at modernization and redesign.

The FAA has mounted an effort to see how AI can improve the functionality and safety of the country’s air traffic control systems, especially amid a growing shortage of controllers, at least partially because political debates that have hampered the agency’s funding.

The system that the FAA is looking to develop — called SMART, which stands for Strategic Management of Airspace Routing Trajectories — is part of a $32.5 billion modernization program that includes replacing hundreds of radars and growing its air controller staff, The Next Web reported.

Development of the new system, which follows a series of issues at airports across the country that have seen near-misses and actual crashes that have raised concerns among experts and travelers alike, is being bid on by the companies Palantir, Thales and Air Space Intelligence.

The system could begin to be operational some time later this year, with an update on progress expected from the Department of Transportation and FAA on April 21.

Secretary of Health and Human Services Robert F. Kennedy, Jr. speaks during a House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies hearing on the budget for the Department of Health and Human Services in the Rayburn House Office Building near the U.S. Capitol on Thursday. Photo by Bonnie Cash/UPI | License Photo

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Iran war’s big winners: Wall Street, weapons firms, AI and green energy | Business and Economy News

The International Monetary Fund has downgraded its global growth forecast for 2026 from 3.3 to 3.1 percent, citing the impact of the United States-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy.

The war has damaged energy infrastructure across the Gulf, while critical exports like oil, gas, chemicals and fertiliser remain largely stranded by Iran’s shutdown of the strait and the subsequent US naval blockade of Iranian ports.

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In the worst-case scenario of a prolonged war, the IMF said global growth could fall to 2.5 percent in 2026, with low-income and developing economies hit the hardest by soaring commodity and energy prices. The global shipping and logistics industry is facing a separate crisis.

But every economic crisis also has beneficiaries: despite the dire macroeconomic outlook, some corners of the global economy are thriving on the uncertainty.

Here’s a look at five industries that are doing well either despite – or because of – the darkening economic outlook.

Wall Street investment banks

Global investors have been on a rollercoaster since the start of US President Donald Trump’s second term last year. The president’s erratic decision-making, where he often issues an ultimatum one day and then changes it the next, has led traders to coin the term “TACO trade”, where TACO stands for “Trump Always Chickens Out”.

The recent volatility has made some investors anxious, but it’s been a boon to investment banks, which make millions in commissions and revenue from the surging volume of trade, according to Sean Dunlap, a director of equity research at Morningstar Research Services.

“Clients want to reposition, so they trade frequently,” he told Al Jazeera. “Spreads tend to increase, which increases the profitability for trade intermediaries like banks.”

First-quarter results for 2026 – released this week – showed that Morgan Stanley reported a profit of $5.57bn, up 29 percent year on year, while Goldman Sachs reported a profit of $5.63bn, up 19 percent year on year.

JP Morgan Chase also reported major gains, with first-quarter earnings of $16.49bn, up 13 percent year on year. The banks all cited high levels of trading, deal-making, and “robust client engagement” as the reasons behind surging profits.

The boomtime for banks could reverse course, however, if volatility persists for too long, Dunlap warned, because investors may become increasingly cautious and less willing to borrow money to make trades.

Prediction markets

As mainstream Wall Street banks reap profits, the crypto-based prediction platform Polymarket has been earning upwards of $1m a day since the start of the month by letting users make peer-to-peer bets on everything from sports tournaments to elections.

Polymarket has been doing well since the start of the war, but it revised its fee structure on March 30 to cash in even more on its popularity.

Rival platforms like Kalshi, Novig and Robinhood also follow the same business model, but Polymarket has been the standout winner of 2026 because it controversially allows users to bet on the outcome of conflicts like the Iran war.

Polymarket revised its fee structure on March 30 to cash in on its popularity. The change has already netted the platform more than $21m in fees since April 1, up from $11.6m for all of March and $6.23m for all of February, according to DefiLlama, a website that provides data analysis for decentralised finance platforms.

If the current trend continues, Polymarket could make $342m in fees this year alone, according to DefiLlama’s analysis.

Anonymous users have also made millions correctly predicting the dates of major events like the US-Iran ceasefire, but the outcomes for rank-and-file users are typically less impressive.

Researchers found that the top 1 percent of Polymarket users captured 84 percent of all trading gains, according to a new report released this month analysing 70 million trades from 2022 to 2025. The returns are so high that US federal regulators have pledged to crack down on insider trading in prediction markets following suspiciously well-timed bets on Iran war outcomes.

Aerospace and defence

Unsurprisingly, the aerospace and defence industries are booming this year due to major conflicts in Ukraine, Iran, Sudan, Gaza and Lebanon and a surge in global defence spending.

About half of the world’s countries have increased their military budgets over the past five years, according to an April report from the IMF, which means they are also buying everything from drones to missiles — more than ever before. Demand is growing particularly fast in Europe, where NATO countries have committed to raising defence spending to 5 percent of gross domestic product (GDP) by 2035.

The defence industry has, in turn, seen major gains on the stock market. The MSCI World Aerospace and Defence Index – which tracks aerospace and defence stocks across 23 global markets – reported net returns of 32 percent year on year at the end of March.

The defence index outpaced the MSCI World Index, which tracks 1,300 large and mid-cap companies across the same 23 markets. The index, which gives a broader overview of global stock markets, reported net returns of 18.9 percent over the same period.

Artificial intelligence

Last year, the United Nations Trade and Development (UNCTAD) office predicted that the AI industry would grow from $189bn in 2023 to $4.8 trillion by 2033, and the Iran war does not seem to have dented the outlook.

“Despite the shocks from the Iran war, we’re still seeing resilience in a lot of sectors like artificial intelligence and renewable energy,” said Nick Marro, lead analyst for global trade at the Economist Intelligence Unit.

One metric for the AI boom has been the high volume of semiconductor chips still being exported out of East Asia, he said. At the top of the chart is chipmaking powerhouse Taiwan, which reported record-breaking merchandise exports of $80.2bn in March, up 61.8 percent year on year, according to EIU analysis.

The surge was led by exports to the US, which grew by 124 percent year on year, the EIU said.

Taiwan Semiconductor Manufacturing Company, the world’s top chipmaker better known by its acronym “TSMC,” on Thursday posted a net income of 572.8 billion New Taiwan Dollars (NTD) ($18.1bn) for the first three months of 2026 – up 58 percent year on year in NTD.

Another metric, initial public offerings or “IPOs,” also shows that the industry is confident for the moment, with industry leaders Anthropic and OpenAI both planning to go public this year.

Renewable energy

The Iran war has highlighted the need to transition from fossil fuels not only for environmental reasons, but also for reasons of energy security. The war marks the third major energy shock this decade, following the COVID-19 pandemic and the 2022 Russian invasion of Ukraine.

The Iran war has “boosted” renewable energy “given the urgency to switch away from fossil fuels and diversify towards renewable sources,” Marro of the EIU said.

Even before the Iran war began, the International Energy Agency reported that global governments were already taking active measures to invest in renewable energy for geopolitical reasons.

According to an IEA report released this month, “150 countries have active policies to advance renewable and nuclear deployment, 130 have energy efficiency and electrification policies, and 32 have policies to incentivise supply chain resilience and diversification across critical minerals and clean energy technologies.”

The Iran war has triggered another flurry of policymaking in Asia, which typically buys 80 to 90 percent of the oil and gas that transits through the Strait of Hormuz. Since the shutdown, the region has been struggling to find alternative sources of energy, forcing governments to deploy emergency measures like fuel rationing and price caps.

South Korea, Thailand, India, Cambodia, Indonesia, Vietnam and the Philippines have all announced a variety of measures from tax breaks for at-home solar panels to commissioning new renewable energy projects – and even restarting nuclear reactors.

The surge in policymaking has been good for the renewable industry. The S&P Global Clean Energy Transition Index, which tracks 100 companies that produce solar, wind, hydro, biomass and other renewable energy across emerging and developed markets, is up 70.92 percent year on year.

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Keir Starmer tells social media firms he is considering a child ban

Europe, Middle East and Africa President of Snap, Ronan Harris (L), and Wifredo Fernandez, director of global government affairs at X, leave No. 10 Downing Street in London on Thursday morning after meeting Prime Minister Keir Starmer to discuss ways to protect children safe when they are on social media . Photo by Neil Hall/EPA

April 16 (UPI) — British Prime Minister Keir Starmer put the big five social media firms on notice Thursday that he was considering state intervention, including the nuclear option of a ban, if they did not do more to protect children from being harmed by their products.

Starmer warned executives from Meta, Snap, Google, TikTok and X at a meeting in Downing Street that something had to give, saying a ban on children accessing their platforms would be “preferable to a world where harm is the price” for social media use.

“Things can’t go on like this, they must change because right now social media is putting our children at risk. In a world in which children are protected, even if that means access is restricted, that is preferable to a world where harm is the price of participation,” said Starmer.

“I am determined we will build a better future for our children, and look forward to working with you on this. I do think this can be done. I think the question is not whether it is done, the question is how it is done,” he added.

Executives attending the meeting included Google U.K. managing director Kate Alessi, Markus Reinisch, a public policy principal at Meta, and X’s global government affairs director Wifredo Fernandez.

TikTok was represented by Alistair Law, director of public policy for northern Europe, while Snap was represented by Europe president Ronan Harris.

Starmer put to the firms the negative impacts of social media use on children’s ability to concentrate, their sleep, relationships and the way they view the world that have been flagged by parents and child experts.

“It’s clear to me that parents aren’t asking us for tweaks at the edges, they’re asking us whether a system that clearly isn’t working for children should be allowed to continue at all. Companies have to grip this and work with us to do better by British children,” he said.

No. 10 had earlier acknowledged that some of the tech firms had “stepped up” by disabling autoplay of videos for children by default and providing better tools to parents to limit the amount of time their children spend looking at screens, but took a much tougher line at Thursday’s meeting.

Starmer’s Labour administration has previously pushed back on pressure from parents, educators and child safety advocates for an Australia-style ban for children younger than 16 on fears it could drive them onto the dark web and make them more vulnerable when they eventually begin using the apps by hindering development of their digital skills.

Most social media sites operating in Britain do not permit children younger than 13 to use their products.

However, in the past three months, Starmer’s administration has twice been forced to use its House of Commons majority to override two efforts by the House of Lords, the upper chamber of Parliament, to amend a government bill to include a ban for children younger than 16.

The most recent of these was on Wednesday in which the government defeated the Lords’ latest attempt to force through a ban, but with a reduced majority from the previous vote on March 10. More than 240 of 650 MPs either failed to show or abstained.

In January, 60 Labour Party backbenchers signed a letter urging Starmer to bring forward a ban.

The government managed to fend off the first challenge in March by launching a three-month public consultation on how to proceed with anticipation inside his administration growing that Starmer will yield to pressure for a ban when the findings are published in the summer.

Children race to push colored eggs across the grass during the annual Easter Egg Roll event on the South Lawn of the White House in Washington on April 21, 2025. Easter this year takes place on April 5. Photo by Samuel Corum/UPI | License Photo

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ASML Raises 2026 Outlook as AI Driven Chip Demand Accelerates

ASML occupies a critical position in the global semiconductor supply chain as the sole producer of extreme ultraviolet lithography systems. These machines are essential for manufacturing the most advanced chips used in artificial intelligence applications. As demand for AI computing has surged, driven by data centre expansion and high performance processing needs, the semiconductor industry has entered a new investment cycle focused on capacity growth.

Strong earnings and upgraded forecast

ASML reported first quarter earnings that exceeded expectations and raised its 2026 revenue outlook to between 36 billion and 40 billion euros. This revision signals stronger than anticipated order inflows and reinforces the scale of demand emerging from the AI sector.

The company’s performance reflects a broader trend in which chip demand is outpacing supply. According to CEO Christophe Fouquet, customers are accelerating expansion plans well beyond the near term, indicating confidence in sustained AI driven growth.

ASML as a strategic enabler of AI growth

Investors increasingly view ASML as a foundational player in the AI ecosystem rather than a conventional manufacturer. Its tools are used by leading chipmakers such as TSMC, which produces advanced processors for firms like Nvidia and Apple.

This positioning places ASML at the upstream end of the value chain. Instead of competing in chip design or production, it supplies the essential infrastructure that enables both. As a result, its growth is tied to the entire semiconductor sector rather than any single company.

Supply constraints and industrial limits

Despite strong demand, structural constraints remain significant. Semiconductor fabrication plants require years to build and involve complex global supply chains. ASML itself faces production bottlenecks due to the precision and cost of its machines, which can reach hundreds of millions of dollars per unit.

Even with plans to increase shipments of its leading systems in 2026 and 2027, capacity expansion is gradual. This creates a persistent imbalance where demand continues to exceed supply, reinforcing pricing power across the industry.

Geopolitical and regulatory risks

A key uncertainty for ASML lies in export controls, particularly regarding sales to China. Proposed restrictions in the United States, including the MATCH Act, could limit the company’s ability to supply Chinese customers. Currently, China represents a significant portion of ASML’s revenue.

However, the global shortage of advanced chips may mitigate this risk. Reduced access to one market could be offset by demand from others, especially as countries and companies compete to secure semiconductor supply chains.

Market response and valuation concerns

ASML’s share price has risen sharply, reflecting investor optimism around AI driven growth. The company is often described as a “picks and shovels” investment, benefiting from the broader expansion of the industry regardless of which firms dominate end products.

At the same time, analysts caution that valuations are elevated. The current pricing assumes sustained high growth, leaving limited room for setbacks related to supply constraints or regulatory changes.

Analysis

The upgrade in ASML’s forecast highlights a structural shift rather than a temporary cycle. AI is not only increasing demand for chips but also reshaping the entire semiconductor value chain. ASML’s monopoly in EUV technology gives it a unique strategic advantage, effectively making it a gatekeeper for next generation chip production.

However, this dominance also exposes the company to geopolitical pressures and operational challenges. The interplay between technological leadership, supply limitations, and regulatory dynamics will determine whether current growth trajectories can be maintained.

ASML’s stronger outlook underscores the depth of the AI driven semiconductor boom. While demand momentum remains robust, the company operates within a constrained and politically sensitive environment. Its future performance will depend on balancing rapid industry expansion with the physical and geopolitical limits shaping the global chip ecosystem.

With information from Reuters.

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