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Global payments giant Visa says it will invest $1 billion by 2027 to expand its investments in Africa amidst a digital payments boom on the continent.
Visa chief Al Kelly announced this pledge on Wednesday during the U.S.-Africa Business Forum, a sub-event in the broader U.S.-Africa Leaders Summit, a three-day event where U.S. President Joe Biden invited heads of state and senior government officials from Africa to discuss several issues ranging from food security to climate change.
“Visa has been investing in Africa for several decades to grow a truly local business, and today our commitment to the continent remains as firm and unwavering as ever,” said the Visa CEO in a statement.
Bankman-Fried was due to testify about the collapse of his cryptocurrency platform FTX before the US Congress on Tuesday.
Sam Bankman-Fried, the former CEO of the collapsed cryptocurrency exchange platform FTX, was arrested by Bahamian authorities on December 12 after US prosecutors filed criminal charges, the US Attorney’s Office Southern District of New York confirmed on Twitter.
Bankman-Fried was arrested at his apartment complex, in Nassau, Bahamas, and is scheduled to appear on Tuesday in a magistrates court in Nassau. The US prosecutors also added that an indictment would be unsealed on the day.
Japan wants to get back into the leading-edge semiconductor business and very recently a new company was formed to reboot its semiconductor industry. The company is named Rapidus, referring to rapid production of new chips, a clear reference to how the company plans to differentiate its business from other foundries such as TSMC, Samsung, and Intel. The company has announced a partnership with IBM Research to develop IBM’s 2nm technology in fabs that Rapidus plans to build in Japan during the second part of this decade. Previously, Rapidus announced a collaboration with the Belgium-based microelectronics research hub IMEC on advanced semiconductor technologies. Imec is collaborative semiconductor research organization working the world’s major foundries, IDMs, fabless and fablite companies, material and tool suppliers, EDA companies and application developers.
The IBM process uses gate-all-around transistors — IBM refers to them as nano sheet FETs — which is the next generation of transistor design that enables device scaling beyond today’s FinFETs. The 2nm structures will require Rapidus to use ASML’s EUV manufacturing equipment. Business details with IBM were not disclosed, but there’s likely two parts to the deal: a cross-licensing agreement for the intellectual property necessary to build the product and a joint development agreement. While the announcement is nominally for IBM’s 2nm process, it likely includes a long-term commitment to build advanced semiconductor chips going beyond the 2nm process node.
Rapidus was formed by semiconductor veterans such as Rapidus President Atsuyoshi Koike, with backing by leading Japanese technology and financial firms, including Denso, Kioxia, Mitsubishi UFJ Bank, NEC, NTT, Softbank, Sony, and Toyota Motor. The Japanese government is also subsidizing Rapidus. The big change for Japan compared to prior national efforts is the collaboration with international organizations. It’s a recognition Japan cannot go it alone. This appears to be a fundamental change in Japanese attitudes. Building a fab in Japan will be helped by Japan’s strong manufacturing ecosystem of materials, equipment, and engineering talent.
FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of US prosecutors on Monday, the day before he was due to testify before Congress about the abrupt failure last month of one of the world’s largest cryptocurrency exchanges.
#FTX #SamBankmanFried #Bahamas.
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Government scientists have reportedly made a major breakthrough in fusion energy, producing more energy from the reaction than it…
Prefixes that stand for 27th and 30th powers of 10 were required due to the frequent creation of data.
At the General Conference on Weights and Measures (CGPM) in November, measurement experts and government representatives from all over the world voted to add new prefixes to the International System of Units (SI), announced the United Kingdom’s National Physical Laboratory (NPL).
So, as an extension of the metric system, the International System of Units (SI), a global decimal system of weights and measurements, was suggested by the United Kingdom’s National Physical Laboratory.
iStock.
Overnight, news broke that the National Ignition Facility, a U.S. government research lab, was the first to achieve net-positive nuclear fusion. When lasers hit the tiny fuel pellet, it created an explosion that released more energy than the lasers delivered.
For decades, fusion power has been just around the corner. Is this the moment we’ve all been waiting for?
Maybe.
The US government may have made a major scientific breakthrough in fusion energy, paving the way for creating a limitless supply of energy with zero carbon emissions or radioactive waste, The Financial Times reported, citing people with knowledge of a recent experiment’s results.
The fusion process is a landmark step of progress in the quest to achieve a limitless supply of environmentally-friendly energy.
According to The Financial Times, the US Energy Department will have US Energy Secretary Jennifer Granholm and Undersecretary for Nuclear Security Jill Hruby announce a “major scientific breakthrough” sometime on Tuesday.
When Artemis I launched on Wednesday, November 16, NASA
Established in 1958, the National Aeronautics and Space Administration (NASA) is an independent agency of the United States Federal Government that succeeded the National Advisory Committee for Aeronautics (NACA). It is responsible for the civilian space program, as well as aeronautics and aerospace research. Its vision is “To discover and expand knowledge for the benefit of humanity.” Its core values are “safety, integrity, teamwork, excellence, and inclusion.”
