business

businessHewlett Packard Enterprise Has Bought Cray and Will Push to ExaFLOP Supercomputers

Hewlett Packard Enterprise (HPE) has bought Cray Supercomputers. Cray Research was started in 1972 by the legendary supercomputer expert Seymour Cray. HPE and Cray want to lead in the Exascale era. The promise of Exascale is more than a single …

businessSix Launches of Starlink Satellites to Reach Initial Activation

Elon Musk tweeted that only six launches of Starlink Satellites will be needed to reach initial activation of a 360 satellite constellation. 720 satellites from 12 launches will provide significant coverage of the US and Europe. 360 satellites would only …

businessWhy Many Generic Drugs Went up 10-60 Times in Price

The Medical Loss Ratio (MLR) price control mandate in Obamacare got rid of the incentive for insurance companies to keep control of drug costs.

businessDoes China Threaten America’s Dominance of Technology Unicorns?

China has consistently remained in the headlines recently as the back and forth between Donald Trump and Chinese President Xi Jinping continues. Discussions about imports, tariffs and the ongoing trade war have attracted the majority of the attention, but there’s …

businessLeoSat Has $2 Billion in Contracts for Future Satellite Constellation

LeoLabs announced they have signed more than US$2Billion in commercial agreements ahead of launching the world’s fastest, most secure and widest coverage data network delivered over a constellation of low-Earth-orbit satellites.

businessChina’s Plans to Match US Economic and Tech Power and Vie for Economic Influence

China continues to move ahead on military modernization. China is on track to have per capita income at about 25% of US levels in 2030 which would be at about the level of Eastern Europe. The richest areas like Shanghai, …

businessAluminum Parts Fraud Caused $700 Million Losses to NASA in 2009 and 2011

The cause for the Taurus XL launch failures of NASA’s Orbiting Carbon Observatory (OCO) and Glory missions in 2009 and 2011 were bad materials and parts provided by aluminum manufacturer, Sapa Profiles, Inc. he Taurus XLs that failed for the …

businessTesla Raising $2 Billion

Tesla is raiding $2 billion, with $1.35 billion coming from convertible notes and $650 million from new equity. Elon Musk is adding another $10 million in stock to his $12 billion in Tesla ownership. SOURCES- CNBC Written By Brian Wang