Author: GT

Nuclear startup Deep Fission announced Monday that it has gone public in a reverse merger, netting the company $30 million. No, it’s not 2021. The startup is proposing to build small, cylindrical nuclear power plants and lower them into 30-inch diameter holes drilled one mile down into the Earth. By burying the reactors, the company hopes to solve several problems that plague current reactors, including concerns over meltdowns and potential terrorist attacks. Deep Fission’s 15-megawatt reactors are cooled using pressurized water, the same type found in nuclear submarines and many existing power plants. Earlier this year, Deep Fission inked a…

X enthusiast and Reddit shareholder Sam Altman had an epiphany on Monday: Bots have made it impossible to determine whether social media posts are really written by humans, he posted. The realization came while reading (and sharing) some posts from the r/Claudecode subreddit, which were praising OpenAI Codex. OpenAI launched the software programming service that takes on Anthropic’s Claude Code in May. Lately, that subreddit has been so filled with posts from self-proclaimed Code users announcing that they moved to Codex that one Reddit user even joked: “Is it possible to switch to codex without posting a topic on Reddit?”…

Cybersecurity is a massive sector, but startups in the category are more likely to be acquired than go public. Even Wiz, which for a time held the title of the fastest-growing startup, abandoned its IPO ambitions when it agreed to sell to Google earlier this year. In the past few years, there have been scant few significant cybersecurity debuts such as SentinelOne in 2021, and Rubrik last year. Next week, the sector is expected to add one more public company: the cloud cybersecurity platform Netskope. The 13-year-old startup also shares its earliest and largest investor with Rubrik: Lightspeed Venture Partners.…

ADDIS ABABA, Ethiopia (AP) — Ethiopia on Tuesday inaugurated Africa’s largest dam to boost the economy, end frequent blackouts and support the growth of electric vehicle development in a country that has banned the importation of gasoline-powered vehicles.As reservoir waters flowed into the turbines of the Grand Renaissance Dam, Ethiopians dressed in colorful regalia viewed the ceremony on large screens across the capital, Addis Ababa, and celebrated the achievement with dancing to traditional music.“We will have enough power to charge our electric vehicles from the new dam,” said Belay Tigabu, a bus driver in Addis Ababa’s main bus terminal.The almost…

Semiconductor giant Intel continues to shake up its senior leadership since Lip-Bu Tan took the helm as CEO in March. Intel announced Monday that Michelle Johnston Holthaus will depart the company after more than three decades. Johnston Holthhaus was most recently chief executive officer of Intel products and will remain a strategic adviser. The company also announced the creation of a central engineering group that will build a new custom silicon business for outside customers, according to Intel. This group will be helmed by Srinivasan “Srini” Iyengar who joined Intel from Cadence Design Systems in July. Intel also said that…

A revival of nuclear energy is spurring demand for uranium, as the hunt for fuel reshapes the investment landscape. Described as “the heavenly atom ,” uranium and its concentrated energy are essential for fueling nuclear reactors. After years of skepticisim following the Fukushima disaster of 2011, a growing need for large, reliable supplies of power to support the world’s AI boom has brought nuclear energy — and the fuel required for it — back into the spotlight. Demand for uranium is forecast to rise by nearly a third to roughly 86,000 tons by 2030 and to rise to 150,000 tons…

Snap is breaking itself apart and rebuilding from within. In a new annual company letter, CEO Evan Spiegel just announced the company is restructuring around small “startup squads” of 10 to 15 people to better compete against larger competitors. The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4% in the second quarter, and North American daily active users declined 2% to 98 million, a troubling sign in Snap’s most important market. Spiegel does highlight one bright spot: Snapchat+ subscriptions now generate over $700 million in annual recurring revenue from more than 15 million…

Nepal has made a dramatic U-turn, reversing a social media ban imposed last week after the decision sparked nationwide “Gen Z” protests that reportedly left at least 19 people dead. The ban, which blocked access to 26 platforms including Facebook, Instagram, YouTube, and X, was imposed following an August 25 directive requiring foreign social media companies to register their operations in Nepal and appoint a local contact within seven days. When most platforms failed to comply by the deadline, the government cut access last week. Late on Monday, Nepal’s Communications and Information Technology Minister Prithvi Subba Gurung told reporters that…

ReOrbit, a Finnish startup focused on helping nations control their own sovereign satellites, has raised a record €45 million (about US $53 million) Series A round of funding for a European space tech company. The funding round signals that Europe’s new space market is heating up, fueled by a geopolitical environment in which countries increasingly worry about relying on foreign technology for critical infrastructure. Founded in 2019 and based in Helsinki, ReOrbit provides both the hardware and software needed for independent satellite operations. According to its CEO, Sethu Saveda Suvanam, the company offers a solution to nations that can’t build…

NEW YORK (AP) — Apple’s iPhone 17 lineup is here. The tech giant on Tuesday unveiled four new models that mark the latest editions to its marquee product.That includes the introduction of the iPhone Air, which Apple says is its thinnest smartphone yet. And, as seen in years past, its newest phones boast better cameras, longer lasting batteries and a handful of other upgrades across the board. The latest devices come with a new a A19 chip, which will particularly help power Apple’s artificial intelligence features.Tuesday’s lineup mark the first phones Apple has released since President Donald Trump returned to…