News Analysis At its 2023 Investor Day presentation in Texas, Tesla revealed its plans to produce its next generation EV motor without any rare earth minerals. As a global leader in the electric vehicle market, Tesla’s plan for zero rare earth permanent magnet motors, if successful, could have a significant impact on the rare earth market—particularly China’s rare…
Tesla’s Plans for Zero Rare Earth EV Motor Could Undermine Beijing’s Secret Weapon—Its Rare Earth Monopoly
March 16, 2023
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Business & Marketsccp threatChinachina rare earthCompaniesenergyEnvironmentSciencesupply chainsTechTech NewsUS-China relations
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CDC Bought Phone Data to Monitor Americans’ Compliance With Lockdowns, Contracts Show
March 16, 2023
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AMERICACCP VirusCenters for Disease Control and PreventionEditor's PicksExecutive BranchlockdownsPoliticsTechTech NewsUSUS News
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The U.S. Centers for Disease Control and Prevention (CDC) purchased data from tracking companies to monitor compliance with lockdowns, according to contracts with the firms. The CDC paid one firm $420,000 and another $208,000. That bought access to location data from at least 55 million cellphone users. The contracts, approved under emergency review due to…
Beijing Attacks Australia Every Single Night: Former Defence Minister
March 16, 2023
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AustraliaChinaChina-Australia RelationsInternationalInternational Relationsmilitarypaul keatingStephen ConroyTechTech NewsWorld
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Every day Beijing launches cyberattacks against Australian businesses and government departments, former Labor Senator Stephen Conroy has revealed. The ex-defence minister made the comments after Labor elder and former Prime Minister Paul Keating claimed the Chinese Communist Party posed no military threat to Australia. Keating’s remarks formed part of a stinging and extensive critique of…
Data of 328,000 Customers Stolen in Hack of Australian Financial Firm
Over 328,000 customers of Latitude Financial have had their data stolen during a “sophisticated and malicious” cyber-attack. On March 16, the Melbourne-based consumer finance provider—one of the biggest non-banking lenders in the country—called for a halt to trading and revealed the incident had been isolated. The company said the hackers obtained employee login credentials and…
Administration Announces $73 Million in Grants to Lower High-Speed Internet Costs
The administration of President Joe Biden and Vice President Kamala Harris has announced it will release $73 million in grants to help more Americans sign up for the Affordable Connectivity Program (ACP) and save on monthly internet costs. The move is part of the administration’s efforts to make high-speed internet more accessible and affordable for…
New AI Chatbot Released That Can See Images, Produce More Advanced Responses
The artificial intelligence firm OpenAI has released the latest version of its GPT chatbot, which the firm says includes the ability to respond to image prompts. On Tuesday, OpenAI announced that it was rolling out the new chat bot, known as GPT-4. In a blog post previewing the new program, OpenAI touted GPT-4’s ability to…
Impact of Silicon Valley Bank’s Fall on Startup Community
March 14, 2023
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Business & MarketseconomyEpochTVNTD BusinessSilicon Valley BankstartupsTechTech NewsUSUS Newsventure capital
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Silicon Valley Bank (SVB) was the go-to bank for many startups for years. How has its fall affected the startup community? We talk to startups that have been impacted by SVB’s fall to get their stories. One firm we spoke to moved over $600,000 out of SVB during the bank run. Alison Greenberg, CEO of…
Google and Microsoft Rushing to Widely Implement Generative AI
March 14, 2023
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AIBusiness & MarketsChatGPTCompaniesGenerative AIGoogleMedia & Big TechmicrosoftMS OfficeScienceScience NewsTechTech News
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The explosive interest in OpenAI’s ChatGPT has tech giants scrambling to capitalize on generative AI in the wider market. On March 14, Google announced that it will begin packing virtually all of its Workspace products with generative AI—an artificial intelligence chatbot that is capable of generating creative output from simple user prompts. According to Google’s…
No Plans to Censor Social Media to Prevent Bank Runs, Government Corporation Says
March 14, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketscensorCompanieseconomyFeatured TopicsFederal Deposit Insurance CorporationMedia & Big TechSocial MediaTechUSUS News
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A U.S. banking corporation said March 14 it has not tried to have social media users censored, and doesn’t have any plans to moving forward. “We have not, would not, and will not,” Brian Sullivan, a spokesman for the Federal Deposit Insurance Corporation (FDIC), told The Epoch Times via email. FDIC representatives, along with officials with…
Facebook Parent Meta Slashes Another 10,000 Jobs
Facebook parent Meta has announced that it’s slashing another 10,000 jobs and won’t fill 5,000 open position, as the beleaguered social media giant struggles to cut costs amid profit pressure. Meta CEO Mark Zuckerberg broke the bad news to staff in a statement on Tuesday, in which he gave an update on the company’s “Year…
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