Four-legged robot dogs learned to perform new tricks by practising in a virtual platform that mimics real-world obstacles – a possible shortcut for training robots faster and more accurately
Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021.
Source: NYSE
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Upstart, which uses artificial intelligence to inform online lending decisions, soared 46% on Friday, its best day in over three years. Toast, which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021.
Both companies reported better-than-expected results, sparking the rallies.
Upstart’s revenue jumped 20% in the third quarter to $162 million, easily beating analyst estimates. CEO David Girouard said on the company’s earnings call that, “we’re in growth mode.”
Toast is still well off its pandemic highs of 2021, but the stock has now more than doubled this year. The company’s adjusted earnings forecast of $90 million to $100 million for the current quarter sailed past estimates.
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The two stocks were part of a huge rally on Wall Street this week that followed Donald Trump’s election victory on Tuesday night. All three major indexes closed at records, with the tech-heavy Nasdaq finishing the week up 5.7%, its second-best week of the year.
Within fintech, companies tied to crypto were some of the top performers, after candidates funded by the crypto industry won races up and down the ballot.
Coinbase shares jumped 48% for the week, their strongest performance since January 2023. Coinbase was one of the top corporate donors in the election cycle, giving more than $75 million to Fairshake and its affiliate PACs, including a fresh pledge of $25 million to support the pro-crypto super PAC in the 2026 midterms.
Trump has vowed to oust SEC Chair Gary Gensler, which potentially bodes well for companies like Coinbase fighting the regulator in court over alleged securities offenses.
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Robinhood, which allows users to buy and sell a number of digital currencies, rose 27% for the week. The online brokerage received a Wells Notice from the SEC in May, a move that often precedes formal charges.
Bitcoin hit a new intraday high above $77,300, ending the week 11% higher. Ether, solana, and dogecoin outpaced bitcoin’s gains.
Not all fintechs rallied.
Block, the parent company of Square, reported third-quarter revenue on Thursday that trailed Wall Street’s expectations, leading to a slight drop in the stock on Friday. Shares of Jack Dorsey’s company underperformed the boarder tech market for the week, rising 3.3%.
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Affirm, the provider of buy now, pay later loans, beat on the top and bottom line, but the stock still dropped 4.7% on Friday, leaving it slightly ahead of the Nasdaq for the week.
Monarch Tractor has laid off around 10% of its workforce as part of a restructuring that will see it prioritize non-agricultural customers, license its autonomous technology, and boost sales of its AI-powered farm management software, TechCrunch has learned.
Around 35 employees were cut this week by the Livermore, California-based autonomous electric tractor startup that has raised a total of $220 million since it was founded in 2018. Some Monarch workers told TechCrunch they were let go without severance. It’s the second cut this year; Monarch previously laid off around 15% of its workforce in July.
CEO Praveen Penmetsa told TechCrunch in an interview the company decided to restructure after a slower-than-expected third quarter, and despite raising $133 million in July from the likes of Foxconn and agri-food tech impact firm Astanor. Penmetsa said he was uncertain if employees were let go without severance, but that the company has been trying to help out laid-off workers on a case-by-case basis.
“All of this happened pretty quickly,” Penmetsa said, referring to the recent crash of California’s vineyards, which made up a bulk of Monarch’s early customers. That development, plus an ongoing pullback in agri-tech investing, left Penmetsa and his team looking at other options.
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“The industry has slowed down on acquisition of new equipment and new solutions, especially in the core farming sectors,” Penmetsa said. “But in the meantime, as a platform company, we also have some very exciting non-agriculture opportunities that started sprouting because of our success in ag.”
He said the company, which has shipped 500 tractors to date, is now focused on widening its customer base in a number of ways. It is expanding beyond agricultural customers to golf courses, solar farms, and even municipalities. It’s also putting more focus on selling its “WingspanAI” farm management software. And Monarch is in talks with other “off-road” vehicle companies to license its autonomous technology.
Penmetsa said these changes inspired the cuts which hit, among other things, some of Monarch’s engineering and operations team. He also said that Monarch is leaning more on contract-manufacturer Foxconn, which builds the tractors at its Lordstown, Ohio facility, for operational roles.
“We are a startup,” Penmetsa said. “You have to be agile, right?”
The Beatles have been nominated for two Grammys — nearly 50 years after the band officially split up. Their final song, called “Now and Then,” was restored last year with the help of AI, and is now up for record of the year alongside the likes of Beyoncé, Charlie XCX, Billie Eilish, and Taylor Swift. It’s also been nominated for best rock performance, where it goes up against Green Day, Pearl Jam, and The Black Keys.
However, “Now and Then” was never released, as technology at the time couldn’t separate John’s vocals and piano to get a clear sound. But in 2021, filmmaker Peter Jackson and his sound team were able to separate the instrumentals and vocals with machine learning technology, allowing Paul McCartney and Ringo Starr to finally complete the song.
Though “Now and Then” was finished using machine learning, it still falls within the bounds of The Grammy’s rules surrounding AI. The guidelines currently state that “only human creators are eligible to be submitted for consideration for, nominated for, or win a GRAMMY Award,” but work that contains “elements” of AI material is “eligible in applicable categories.”
It’s a bit strange to see “Now and Then” competing with modern-day music like Beyoncé’s “Texas Hold ‘Em,” but it’s been a long time coming. We’ll get to see how the Beatles fare during the 2025 Grammy Awards, which takes place on Sunday, February 2nd.
Artwork: The half-tonne Skynet-1A satellite was launched in November 1969
Someone moved the UK’s oldest satellite and there appears to be no record of exactly who, when or why.
Launched in 1969, just a few months after humans first set foot on the Moon, Skynet-1A was put high above Africa’s east coast to relay communications for British forces.
When the spacecraft ceased working a few years later, gravity might have been expected to pull it even further to the east, out over the Indian Ocean.
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But today, curiously, Skynet-1A is actually half a planet away, in a position 22,369 miles (36,000km) above the Americas.
Orbital mechanics mean it’s unlikely the half-tonne military spacecraft simply drifted to its current location.
Almost certainly, it was commanded to fire its thrusters in the mid-1970s to take it westwards. The question is who that was and with what authority and purpose?
It’s intriguing that key information about a once vital national security asset can just evaporate. But, fascination aside, you might also reasonably ask why it still matters. After all, we’re talking about some discarded space junk from 50 years ago.
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“It’s still relevant because whoever did move Skynet-1A did us few favours,” says space consultant Dr Stuart Eves.
“It’s now in what we call a ‘gravity well’ at 105 degrees West longitude, wandering backwards and forwards like a marble at the bottom of a bowl. And unfortunately this brings it close to other satellite traffic on a regular basis.
“Because it’s dead, the risk is it might bump into something, and because it’s ‘our’ satellite we’re still responsible for it,” he explains.
BBC/Gerry Fletcher
If a satellite died at 40E it would drift to the nearest gravity well, which is 75E.
Dr Eves has looked through old satellite catalogues, the National Archives and spoken to satellite experts worldwide, but he can find no clues to the end-of-life behaviour of Britain’s oldest spacecraft.
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It might be tempting to reach for a conspiracy theory or two, not least because it’s hard to hear the name “Skynet” without thinking of the malevolent, self-aware artificial intelligence (AI) system in The Terminator movie franchise.
But there’s no connection other than the name and, in any case, real life is always more prosaic.
What we do know is that Skynet-1A was manufactured in the US by the now defunct Philco Ford aerospace company and put in space by a US Air Force Delta rocket.
“The first Skynet satellite revolutionised UK telecommunications capacity, permitting London to securely communicate with British forces as far away as Singapore. However, from a technological standpoint, Skynet-1A was more American than British since the United States both built and launched it,” remarked Dr Aaron Bateman in a recent paper on the history of the Skynet programme, which is now on its fifth generation.
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This view is confirmed by Graham Davison who flew Skynet-1A in the early 70s from its UK operations centre at RAF Oakhanger in Hampshire.
“The Americans originally controlled the satellite in orbit. They tested all of our software against theirs, before then eventually handing over control to the RAF,” the long-retired engineer told me.
“In essence, there was dual control, but when or why Skynet-1A might have been handed back to the Americans, which seems likely – I’m afraid I can’t remember,” says Mr Davison, who is now in his 80s.
Sunnyvale Heritage Park Museum
Could the command to move Skynet-1A have come from the US Air Force’s ‘Blue Cube’?
Rachel Hill, a PhD student from University College London, has also been scouring the National Archives.
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Her readings have led her to one very reasonable possibility.
“A Skynet team from Oakhanger would go to the USAF satellite facility in Sunnyvale (colloquially known as the Blue Cube) and operate Skynet during ‘Oakout’. This was when control was temporarily transferred to the US while Oakhanger was down for essential maintenance. Perhaps the move could have happened then?” Ms Hill speculated.
The official, though incomplete, logs of Skynet-1A’s status suggest final commanding was left in the hands of the Americans when Oakhanger lost sight of the satellite in June 1977.
But however Skynet-1A then got shifted to its present position, it was ultimately allowed to die in an awkward place when really it should have been put in an “orbital graveyard”.
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This refers to a region even higher in the sky where old space junk runs zero risk of running into active telecommunications satellites.
Graveyarding is now standard practice, but back in the 1970s no-one gave much thought to space sustainability.
Astroscale
British engineers are developing technologies to snare defunct satellites in low orbits
Attitudes have since changed because the space domain is getting congested.
At 105 degrees West longitude, an active satellite might see a piece of junk come within 50km of its position up to four times a day.
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That might sound like they’re nowhere near each other, but at the velocities these defunct objects move it’s starting to get a little too close for comfort.
The Ministry of Defence said Skynet-1A was constantly monitored by the UK’s National Space Operations Centre. Other satellite operators are informed if there’s likely to be a particularly close conjunction, in case they need to take evasive action.
Northrop Grumman
The Americans have already shown it’s possible to grab a high-orbiting satellite
Ultimately, though, the British government may have to think about removing the old satellite to a safer location.
Technologies are being developed to grab junk left in space.
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Already, the UK Space Agency is funding efforts to do this at lower altitudes, and the Americans and the Chinese have shown it’s possible to snare ageing hardware even in the kind of high orbit occupied by Skynet-1A.
“Pieces of space junk are like ticking time bombs,” observed Moriba Jah, a professor of aerospace engineering at the University of Texas at Austin.
“We need to avoid what I call super-spreader events. When these things explode or something collides with them, it generates thousands of pieces of debris that then become a hazard to something else that we care about.”
Strands is the NYT’s latest word game after the likes of Wordle, Spelling Bee and Connections – and it’s great fun. It can be difficult, though, so read on for my Strands hints.
SPOILER WARNING: Information about NYT Strands today is below, so don’t read on if you don’t want to know the answers.
Your Strands expert
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Your Strands expert
Marc McLaren
NYT Strands today (game #251) – hint #1 – today’s theme
What is the theme of today’s NYT Strands?
• Today’s NYT Strands theme is… Generation jam
NYT Strands today (game #251) – hint #2 – clue words
Play any of these words to unlock the in-game hints system.
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NYT Strands today (game #251) – hint #3 – spangram
What is a hint for today’s spangram?
• GrungePop?
NYT Strands today (game #251) – hint #4 – spangram position
What are two sides of the board that today’s spangram touches?
First: top, 3rd column
Last: bottom, 3rd column
Right, the answers are below, so DO NOT SCROLL ANY FURTHER IF YOU DON’T WANT TO SEE THEM.
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NYT Strands today (game #251) – the answers
(Image credit: New York Times)
The answers to today’s Strands, game #251, are…
BLUR
OASIS
PAVEMENT
TOOL
NIRVANA
SUBLIME
SPANGRAM: NINETIESBANDS
My rating: Moderate
My score: Perfect
I have slightly mixed feelings about this Strands puzzle. On the one hand, the subject is NINETIESBANDS, and in many ways that’s my specialist subject. I’m a huge music fan (and former music journalist) and the ’90s was my era. Two of the bands in today’s list, PAVEMENT and BLUR, are among my favorites ever, and I have a soft spot for NIRVANA too.
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On the flip side, what on earth does ‘Generation jam’, the theme clue, refer to? I have no idea whatsoever. And setting that aside, this may prove very difficult for people who are either too young or too old to be familiar with the likes of TOOL and SUBLIME, who aren’t necessarily household names (or aren’t these days, at least). Still, rather this than yesterday’s silly emoji-based game.
Yesterday’s NYT Strands answers (Friday, 8 November, game #250)
SHAKE
WAVE
CLAP
PRAY
PINCH
FIST
POINT
PEACE
SPANGRAM: HANDGESTURES
What is NYT Strands?
Strands is the NYT’s new word game, following Wordle and Connections. It’s now out of beta so is a fully fledged member of the NYT’s games stable and can be played on the NYT Games site on desktop or mobile.
I’ve got a full guide to how to play NYT Strands, complete with tips for solving it, so check that out if you’re struggling to beat it each day.
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