Technology
A satellite made by Boeing just fell apart in space
“We are coordinating with the satellite manufacturer, Boeing, and government agencies to analyze data and observations,” Intelsat said. The company has since established a board to conduct a “comprehensive analysis of the cause of the anomaly.”
U.S. Space Forces-Space (S4S) has confirmed the breakup of Intelsat 33E (#41748, 2016-053B) in GEO on October 19, 2024, at approximately 0430 UTC. Currently tracking around 20 associated pieces – analysis ongoing. S4S has observed no immediate threats and is continuing to conduct routine conjunction assessments to support the safety and sustainability of the space domain.
It’s unclear how many pieces there are, as satellite-tracking company ExoAnalytic Solutions says it’s monitoring 57 pieces of debris, Space News reports.
It’s November, which means two things: You never want to want a piece of candy corn again, and you are already figuring out how many slices of pumpkin pie you can have without feeling too guilty about your waistline.
Well, November has more in store for you besides food and regret; there’s also some really cool Netflix shows to watch! From a show about a real-life sports hero to a second season adapting one of the most successful video games of all time, these three shows are guaranteed to get your mind off your tummy … at least for a while.
Need more recommendations? Check out the best new shows to stream this week, as well as the best shows on Netflix, best shows on Hulu, best shows on Amazon Prime Video, and best shows on Disney+.
Arcane season 2 (November 9)
When it debuted in 2021, season 1 of Arcane caught many, including this writer, by surprise. No one expected a show derived from League of Legends to be so visually rich and complex. Arcane wasn’t just one of Netflix’s best animated efforts ever, it was also one of the best Netflix shows ever. That’s a tough act to follow, and now that it’s revealed the current season will also be its last, Arcane season 2 has to live up to a lot of expectations.
I’m not worried. For starters, the new season brings back several key creatives, including lead stars Hailee Steinfeld as Vi and Fallout‘s Ella Purnell as Jinx. Season 2 picks up after the explosive events of season 1’s finale after Jinx launches a stolen Hextech gemstone at the Piltover council. Jinx and Vi are still at odds with each other, but they may have to overcome their differences to make it out in one piece. The series will roll out in three chunks: first on November 6, then November 16, and concluding on November 23.
The Madness (November 28)
Don’t let the title fool you; The Madness isn’t a horror series, although it does depict people doing horrible things. Let me explain. All Muncie Daniels (The Color Purple‘s Colman Domingo) wants to do is write in peace. A longtime political pundit, Muncie travels to the Poconos to write the next great American novel. Instead, he finds only trouble.
A white supremacist has been murdered, and Muncie is the only witness. What makes things worse is that he’s seen as the prime suspect for the murder, and evades authorities to clear his name. Along the way, he’ll have to reconnect with estranged friends and family to bring the true killers to justice.
Senna (November 29)
If you don’t follow Formula 1 racing, chances are, the name “Senna” means nothing to you. That’s OK; I didn’t know much about him either until recently. Netflix aims to enlighten everyone with the upcoming release of the six-episode series Senna, which chronicles the dramatic rise and tragic end of Brazilian race car driver Ayrton Senna, who is thought by some to be the fastest driver of all time.
Ferrari‘s Gabriel Leone takes on the title role in a show that promises to showcase the drivers “journey of triumphs, disappointments, joys, and sorrows, unveiling his personality and personal relationships.” The show begins with Senna’s move to England to advance his career and will depict everything up to his last race at the San Marino Grand Prix. It’s not a story everyone knows, so Senna should appeal to those looking for a real-life rags-to-riches tale featuring one of racing’s best competitors.
In this aerial view, the shuttered Three Mile Island nuclear power plant stands in the middle of the Susquehanna River near Middletown, Pennsylvania, on Oct. 10, 2024.
Chip Somodevilla | Getty Images
Nuclear power may be making a comeback in the U.S. after years of setbacks — and big tech is the driving force.
As tech giants like Microsoft, Amazon and Google compete to take the lead in the AI revolution, the data centers needed to power the burgeoning technology consume an ever-increasing amount of energy.
In the last two months, those three companies have penned deals to generate more nuclear power — perhaps most notably, Microsoft struck a 20-year agreement with Constellation Energy to restart a reactor at Three Mile Island in Pennsylvania, the site of the most serious nuclear meltdown in U.S. history in 1979. The reopening is planned for 2028.
Speaking to CNBC at the annual International Monetary Fund meetings in Washington, long-time energy market veteran Dan Yergin described the turnaround as nothing short of extraordinary.
“It’s amazing, the change. The nuclear industry was in the doldrums,” Yergin told CNBC’s Karen Tso on Tuesday, describing the reopening of the Three Mile Island power plant as “symbolic.”
“Big Tech is saying, ‘We need reliable 24 hour electricity. We can’t get it just from wind and solar’,” he said.
Yergin, who has written several books on energy including “The Prize” and “The New Map,” pointed to the booming funding going into the sector. He cited $7 billion in venture capital going into nuclear fusion alone — which does not include financing for nuclear fission, a different energy-generating process.
“This is a really big change, and it reflects in this country, in the United States, a sense that — we’ve had for, really, a generation of flat demand [for] electricity,” Yergin said. “Now it’s going to grow, and there’s real anxiety about, how do you grow it? And nuclear [energy] is back in form, and people are talking about small nuclear reactors. And, of course, you have big tech actually seeking to contract for the output of the electricity from existing nuclear power plants. It’s an amazing change.”
Electricity demand is surging after staying largely flat for some 15 years, fueled by new data centers, factories, electric vehicles, and hotter and longer summers. A recent Energy Department memo cited in numerous press reports projected that U.S. power grids could see as much as 25 gigawatts of new data center demand by 2030.
Recently, the U.S. Department of Energy announced it had closed a $1.5 billion loan for the revival of the Holtec Palisades nuclear plant in Michigan in late 2025, which would make it the first American nuclear plant to be restarted. Google in mid-October said it would purchase power from Kairos Power, a developer of small modular reactors, to help “deliver on the progress of AI.”
Global electricity consumption from data centers, artificial intelligence and the cryptocurrency sector is expected to double from an estimated 460 terawatt-hours (TWh) in 2022 to more than 1,000 TWh in 2026, according to a research report from the International Energy Agency.
— CNBC’s Ryan Browne contributed to this report.
Google launched its Pixel 9 series of smartphones with its latest custom Tensor G4 chipset. The company is already working on its next-gen Tensor G5 and Tensor G6 processors. The former will power the upcoming Pixel 10 flagship, while the latter will be utilized in the Pixel 11. Ahead of an official announcement, the Google Tensor G6 processor’s codename has been leaked. The Tensor G5’s codename was already leaked earlier.
This will be the codename of the Google Tensor G6 chipset
According to Android insider Mishaal Rahman, Malibu will be the codename for the Google Tensor G6 chipset. The tipster found the codename inside a new AOSP (Android Open Source Project) patch. The same patch has revealed the codename of the Google Tensor G5 processor as Laguna as well. There’s not a lot of information, but the codename for the Tensor G5 SoC was leaked earlier as well.
Google collaborated with Samsung Foundry to manufacture its earlier Tensor chipsets. However, the company has partnered with Taiwan’s TSMC to build its next-gen Tensor G5 and Tensor G6 chipsets. The reports earlier suggested that TSMC’s foundries are ready to mass produce at least the Tensor G5 chipset.
TSMC is going to manufacture the upcoming Google processors
The Tensor G5 will be built on TSMC’s second-gen 3nm process node or N3E. However, the company will switch to its next-gen newer 2nm fabrication process to manufacture the Google Tensor G6 processor.
Google switching to TSMC to build the next-gen Tensors is Samsung’s loss. If the reports are to be believed, Samsung Foundry’s manufacturing process was inferior. The problem manifested itself in creating throttling and heating issues in the Samsung-made chips in recent years. These include the first couple of Tensor SoCs and the Snapdragon 8 Gen 1.
By switching to TSMC, Google’s Tensor chips will offer better performance and fewer heating problems in theory. Notably a Business Korea report last month also suggested that TSMC is going to be responsible for manufacturing the next-gen Tensor processors.
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies.
The company was Bridge Network. As part of his pitch, Ahn flew to a small town in northern Montana with a term sheet in hand for founders Zach Abrams and Sean Yu, who had both previously worked at Coinbase and Block.
“Nobody else had flown out to see them in person,” Ahn, who was a partner at Index Ventures at the time, recounted in an interview on Tuesday.
The three of them hiked together on a path with melting snow, and then conversed over drinks and dinner, as Ahn aimed to convince the founding duo that they should take Index’s money. At the restaurant, he looked to seal the deal.
“I told them I was going to the bathroom, and I ran over to my car, grabbed the term sheet and came back,” Ahn said. “It’s hard to fit a piece of paper in a jacket without crumbling it, and I didn’t want to give them a crumpled piece of paper, so I left it in the car.”
Index landed the investment, getting into Bridge’s seed round in 2022. The firm was part of a more recent round, in August of this year, that included Sequoia and Ribbit Capital and valued Bridge at about $350 million, according to a person with knowledge of the matter who asked not to be named because the valuation was confidential. Also in the deal was Haun Ventures, founded by former Andreessen Horowitz partner Katie Haun.
Ahn left Index to join Haun in 2022. Both his old firm and his new employer have reason to celebrate this week, after Stripe agreed to buy Bridge for $1.1 billion. With that outcome, Index and Haun are poised to triple their investment in a matter of months.
An Index spokesperson declined to comment.
It’s a particularly notable exit for venture investors during an extended IPO drought, and marks a big win for crypto, which has had few of them despite bundles of cash pouring into the industry.
For Stripe, one of the most richly valued tech startups, the Bridge purchase will be its largest to date. Bridge said the transaction is still subject to regulatory approvals and other conditions and is expected to close in the coming months.
‘Serious about stablecoin’
Bridge describes itself as the Stripe of crypto, specializing in making it easier for businesses to accept stablecoin payments without having to directly deal in digital tokens. Stablecoins are a type of cryptocurrency whose value is pegged to the value of a real-world asset like the U.S. dollar. Customers include Coinbase and SpaceX.
“It’s a sign that Stripe is serious about stablecoins and crypto,” Ahn said. “Payments were the original use case for crypto, and it’s finally here.”
Stripe is paying a hefty premium.
Investors familiar with Bridge’s financials said annual revenue is in the range of $10 million to $15 million. At the low end of the range, that’s a multiple of 110 times revenue, and at the high end, it’s a revenue multiple of over 70.
“The reason why Bridge is so valuable is because it’s prohibitively difficult for a company to use this new stablecoin tech without developer tools that makes the tech easy to use,” said Ahn.
Nic Carter of Castle Island Ventures said that while Bridge has rivals in the category, it’s the most successful stablecoin infrastructure business in the world, excluding the issuers like Circle and Tether.
“Almost every stablecoin startup we talk to is building on Bridge in some capacity whether it’s orchestration or issuance,” said Carter. “They are totally ubiquitous.”
Stripe saw its valuation plummet from $95 billion in 2021 to $50 billion last year, as private tech companies across the board took a major hit from the recalibration of the public markets. Its valuation reportedly rebounded to $70 billion this year as part of a secondary share sale.
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018.
Bloomberg | Bloomberg | Getty Images
Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the IPO process and have given no indication that an offering is on the near-term horizon. They’ve got a big business, with total payment volume surpassing $1 trillion in 2023.
Given private market demand for the company’s stock, the company has been able to offer some liquidity to early investors and employees in other ways.
“The private markets have been so generous with providing capital and secondary liquidity to shareholders that, if I’m the Collison brothers and I’m sitting around the table, I’m thinking, ‘Why do I want to go public?’” said David Golden, a partner at Revolution Ventures who previously led JPMorgan Chase’s tech investment banking practice. “Why bother if the private markets are willing to reward you with basically public market premiums and valuations and let you have secondary sales to keep your employees happy?”
When asked to comment, Stripe referred CNBC to CEO Patrick Collison’s post on X about the deal.
Collison called stablecoins “room-temperature superconductors for financial services” in his post, and said that Stripe is going to build the world’s best stablecoin infrastructure.
Bernstein analysts are bullish on what the deal means for the $160 billion U.S. dollar-pegged stablecoin market, noting in a report that the acquisition “validates the usage and growth of stablecoins as a legit use case for public blockchains.”
WATCH: Ripple’s XRP drops as Chris Larsen reveals $10 million donation to Harris campaign
For me, the iPad Mini is one of those devices I know I should like but can never quite bring myself to actually appreciate. Apple must feel similarly, given it only sporadically updates its smallest tablet, knowing its target market probably isn’t in need of blazing speed. But, with Apple Intelligence looming, Apple has launched the seventh-generation Mini. ?
On paper, Apple didn’t do a lot beyond cramming in a chip, the A17 Pro, capable of running the company’s new AI bells and whistles. . You’ll also get support for the Apple Pencil Pro, helpfully streamlining the company’s presently messy stylus lineup. Ironically, what sold him on this device was neither of those features but that he found the iPad Mini the perfect device for Balatro. If you don’t know what that is, click through.
— Dan Cooper
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The biggest tech stories you missed
Hope you like crap!
Online junk stores offering ludicrous discounts for badly made tat shipped directly from China is not a new phenomenon on the internet. After all, it was only a few years ago everyone in the US was wringing their hands about the threat Wish posted to traditional retailers. .
TSMC says it alerted the US to the potential breach.
Despite being drowned in sanctions, Huawei may still be using chips made by TSMC for some of its products. . All we have right now are a lot of denials and pointed fingers, but this story is likely going to rattle on for a while until we know what happened.
Cool.
NASA has shown off a prototype telescope that can detect gravitational waves to help better understand the building blocks of the universe. . The trio will keep track of each other’s precise location, monitoring when gravitational waves shift from their expected pattern. If successful, it could offer useful insights into black holes and the Big Bang, which are difficult to study using other means.
No more following TayTay’s jet across the skies.
Meta has shut down accounts tracking the movements of prominent public figures’ private jets, saying they risk the privacy and safety of those concerned. Accounts following the whereabouts of Elon Musk, Bill Gates and Mark Zuckerberg himself have all been axed.
The images are pretty similar if we’re honest.
They say the only two certainties in life are death and taxes, but, if you’re Elon Musk, that list has swelled to include lawsuits. . You could dismiss this as mere coincidence, but Alcon added it had previously denied a request by Tesla to use clips from the film during the event.
Despite a decade of hiring, there are still significant skills gaps evident in the U.S. labor market. A recent report from the U.S. Chamber identified the most impacted industries, and found that there are significant gaps across the financial services and professional and business services industries.
Both of these sectors have a plethora of open roles, but not enough qualified candidates to fill them.
“The industries with lower-than-average unemployment rates have fewer experienced candidates to choose from when filling their job openings,” the report says. “This situation leads to heightened competition among businesses in these industries as they vie for the limited pool of available talent.
5 cybersecurity jobs to apply for now
- Cyber Training Specialist, Senior, Booz Allen, Fort Meade ($84,600 – $193,000)
- Cyber Triage Analyst, Booz Allen, Stafford ($60,400 – $137,000)
- Cyber Threat Analyst (DCO), Alaka`ina Foundation Family of Companies, Honolulu
- Director Technology & Cyber Risk, Comerica, Farmington Hills
- Cyber Security Analyst, Brooksource, Indianapolis
One area that is particularly impacted is cybersecurity. A new report from CyberSeek found that there are only enough workers to fill 83% of available jobs. While there are 1.25 million workers in cybersecurity roles nationwide, around 265,000 additional workers are needed to fill current staffing requirements.
“After the pandemic-fueled IT hiring spree, cybersecurity job demand has stabilized close to pre-pandemic levels,” says Will Markow, vice president of applied research at Lightcast.
There are a number of reasons why this is happening, and include the slew of layoffs and belt-tightening that has been experienced right across the tech industry over the past two years.
Additionally, the pandemic fueled the accelerated adoption of web-based services, and with more and more daily activities like banking, food delivery and shopping happening online, there comes a greater need for security.
Scams are also on the rise. The Better Business Bureau (BBB) has found that the average amount lost by victims of investment scams rose from $1,000 in 2021 to almost $6,000 this year.
A new Consumer Security and Financial Crime Report from Revolut points to Meta platforms as the biggest source of all scams (62%) in the first half of 2024. Revolut identified that Facebook had fraud volumes (39%) which were more than double that of WhatsApp (18%).
The rise of artificial intelligence (AI) is also widening the skills gap for cybersecurity workers. CyberSeek’s report has found that over the past year, cybersecurity job postings with some requirements for AI skills have increased from 6.3% to 7.3%.
Developing cybersecurity talent
“Narrowing the supply-and-demand gap for cybersecurity talent is a significant challenge and a promising opportunity,” says Amy Kardel, vice president, strategy and market development, academic at CompTIA.
“It requires changes in mindset and approach; understanding that there are many pathways to employment; seeking out job candidates who come to the workforce via alternate routes; and a stronger focus on retraining and upskilling of current employees.”
Ultimately, more skilled workers need to be developed. According to Rodney Petersen, director of NICE at the National Institute of Standards and Technology, new ways of developing that talent need to be actioned outside of a traditional college route.
“The workforce gap underscores why we promote alternative pathways to careers in cybersecurity during Cybersecurity Career Week to broaden participation from individuals with diverse backgrounds and experiences.
“Closing that gap will require diversified approaches and investments, including education, training, reskilling and upskilling, and Registered Apprenticeships.”
The opportunities are there for talented tech workers at all levels. The report found that entry-level cybercrime analyst roles have seen a 23% increase in job postings from Q2 to Q3 of this year. Mid-level incident and intrusion analyst jobs are up 9.6%, with jobs for advanced level cybersecurity engineers showing an increase of 10.2%.
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