Tesla (TSLA) CEO Elon Musk says the real test for newly public electric vehicle startup Rivian (RIVN) will be high volume production and breakeven cashflow.  In a reply to a Twitter follower, Musk wrote: “I hope they’re able to achieve high production and breakeven cash flow.” He went on to say there have been hundreds of automotive startups, but “Tesla is [the] only American carmaker to reach volume production & positive cash flow in past 100 years.” Rivian went public this Wednesday reaching… Source link

Google leaves no doubt: it will pursue DOD’s new cloud initiative The competition around “JEDI: The Sequel” is starting to heat up as more reports surface that the Defense Department is making progress on the restart of its enterprise cloud initiative formerly known as the Joint Enterprise Defense Initiative. JEDI had an ignoble end as DOD cancelled the contract after nearly two years of protests and lawsuits. DOD appears to eschewing the Star Wars theme this time around…. Source link

The metaverse has seemingly just begun to be built, and one tech industry giant says it will surpass the physical world. Ever since Facebook renamed itself Meta, talk of the metaverse has been everywhere. But companies like Nvidia have already been working on their own virtual worlds. And founder and CEO Jensen Huang has an expansive vision for the technology, and Nvidia’s place in it. “It is a 3D extension of the internet that is going to be much, much bigger than the 3D physical world… Source link

President Biden has selected Robert Califf as his pick for the next head of the Food and Drug Administration, the White House announced today. Califf is currently a senior advisor for Verily Life Sciences and Google Health, two divisions of parent company Alphabet. He was brought on in 2019 to lead health strategy and policy for the groups. Califf, a cardiologist, previously served as the FDA commissioner during the last year of the Obama administration. He also founded the Duke Clinical… Source link

Written by Billy Mitchell Nov 12, 2021 | FEDSCOOP Google Cloud CEO Thomas Kurian on Thursday confirmed recent reports that his company wants a piece of the Department of Defense’s forthcoming multi-cloud procurement, the Joint Warfighter Cloud Capability. Kurian wrote in a blog post that if Google Cloud is invited by the Department of Defense (DOD) to bid on the Joint Warfighter Cloud Capability (JWCC),… Source link

The Education Department rolled out a series of major changes to the troubled Public Service Loan Forgiveness (PSLF) program for student loan borrowers in public service in October, and the level of debt cancellation is topping even the government’s estimates. According to a tweet by Education Secretary Miguel Cardona on Thursday, roughly 10,000 borrowers who were on PSLF have already had $715 million erased because of the change in policy and another 20,000 will be notified in the “coming… Source link

Inflation reached a three-decade high in October as some workers saw their wages rise, particularly younger workers. According to the Atlanta Fed’s Wage Growth Tracker, a measure of the nominal wage growth of individuals, workers in the 16-to-24 age range are seeing median wage growth accelerate much quicker than the rest of American workers, as seen below in the green line. As of September 2021, the overall 12-month moving average of median wage growth increased by 3.6%. Those in the 25-to-54… Source link

Warren Buffett just poured another $7.6 billion into his all-time favorite business — here are 3 other companies doing something very similar When Warren Buffett’s holding company Berkshire Hathaway spends billions of dollars on an investment, it usually makes headlines. But there wasn’t too much hype surrounding Berkshire’s $7.6 billion purchase in Q3 — and for a good reason: The company was buying back its own shares. Buybacks are a common way for companies to return capital to… Source link

Consumers don’t always use “buy now, pay later” wisely. Image: Getty The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. Should government regulators crack down on financial products whose profitability depends on our proclivity to act impulsively? What if the target market consists of younger, less financially sophisticated borrowers, more prone to acting now and thinking later? That is the question presented by the latest and… Source link

Reports Globe has released a new research study on the Global Search Engine Market 2021 by manufacturer, region, type and application, planned for 2026, which promises a comprehensive review of the market, clarifying past experiences and trends. Based on these past experiences, it offers prediction of the future by taking into account other factors that affect the growth rate. The report covers the crucial parts of the global Search Engine market and such factors as driving forces, current… Source link