Russia’s space agency is refusing to launch OneWeb satellites part-owned by the UK government.
Category: government – Page 69
The South Korean government has pledged $186.7 million to support the growth of its new Metaverse platform called the Expanded Virtual World where creators, industry, and commercial talent are expected to converge.
Other than creating experts, the Ministry’s statement detailed three other objects for the future, which include creating an expanded virtual world (translated from Korean). The government also wants the metaverse platform to focus on industrial convergence and lifestyle, using it for growing Korea’s education industry, media and its cities.
Further, the statement also said that content creators will get support from the government’s strategy. The Ministry will also host hackathons, developer events etc. aimed at fostering the country’s metaverse community, while the statement also mentions forming favourable regulatory systems and laws in order to favour the metaverse.
The “most advanced piece of malware” that China-linked hackers have ever been known to use was revealed today. Dubbed Daxin, the stealthy back door was used in espionage operations against governments around the world for a decade before it was caught.
But the newly discovered malware is no one-off. It’s yet another sign that a decade-long quest to become a cyber superpower is paying off for China. While Beijing’s hackers were once known for simple smash-and-grab operations, the country is now among the best in the world thanks to a strategy of tightened control, big spending, and an infrastructure for feeding hacking tools to the government that is unlike anything else in the world.
China’s government took U.S. intelligence provided to convince Beijing to join American-led efforts to head off a military attack on Ukraine and shared it with Russia, according to a person familiar with the activity.
Intelligence-sharing with a major U.S. adversary is unusual but was part of repeated diplomatic efforts by the Biden administration to gain support from China in dissuading Russian President Vladimir Putin from invading Ukraine.
A silicon wasteland.
In a sign that the United States government’s export restrictions on semiconductor sales to Russia due to its war against Ukraine have been enacted swiftly, multiple reports have emerged today that both Intel and AMD have suspended chip sales to Russia. In addition, reports have also emerged that TSMC’s decision to participate in the sanctions will thwart Russia’s supply of homegrown chips. We have reached out to Intel, AMD, and Nvidia for comment.
The Russian media outlets also claim that the suspensions have been confirmed by the Association of Russian Developers and Electronics Manufacturers (ARPE). Additionally, Chinese IT companies are said to have been notified by Intel that sales to Russia have been banned.
The extent of the halted sales is currently unclear. The new export restrictions are primarily aimed at chips for military purposes or dual-use chips that could be used for both civilian and military purposes. That means sales of most consumer-focused chips, like AMD’s Ryzen and Intel’s Core chips, likely won’t be impacted. However, it is widely expected that there will be a temporary halt for all semiconductor sales to Russia as companies work to decide which products are impacted. Additionally, the US DoC has added 49 Russian companies to the Entity List, and those companies aren’t eligible to purchase any type of chip.
Tesla’s well-established Supercharger network would be a willing participant in the Infrastructure Bill’s US$7.5 billion effort to build 500,000 EV charging stations nationwide. In comments sent to the FHA, however, Tesla notes that it’d like its exclusive Supercharger stations to get the same grant treatment as any public stations it builds where non-Tesla cars can be charged.
Elon Musk’s back at it again, folks — and this time, his attorney is accusing the federal government of leaking.
Following up on his claim that the Securities and Exchange Commission was trying to harass him into silence, Musk’s attorney accused the commission of “leaking certain information” in an ongoing retaliation campaign against the Tesla and SpaceX CEO.
This alleged campaign supposedly began back in 2018, when the SEC investigated Musk for tweeting about selling Tesla stock at $420 a share and taking the company private, eventually charging him with misleading investors. Though that case was settled in 2018 after Musk and Tesla paid $20 million each in fines, new reporting about the commission subpoenaing the CEO in recent months has reignited the debacle.
Building a better supercomputer is something many tech companies, research outfits, and government agencies have been trying to do over the decades. There’s one physical constraint they’ve been unable to avoid, though: conducting electricity for supercomputing is expensive.
Not in an economic sense—although, yes, in an economic sense, too—but in terms of energy. The more electricity you conduct, the more resistance you create (electricians and physics majors, forgive me), which means more wasted energy in the form of heat and vibration. And you can’t let things get too hot, so you have to expend more energy to cool down your circuits.
In addition to securities fraud and obstruction of justice, James Velissaris has been charged with wire fraud and lying to auditors.
The founder and manager of a $1.7 billion mutual fund that collapsed last year has been charged by federal prosecutors with securities fraud and obstruction of justice for allegedly inflating fund asset values to keep investor money flowing, then falsifying records to conceal the improprieties.
The Infinity Q Diversified Alpha Fund halted investor redemptions in February 2021, roughly seven years after it was co-founded by James Velissaris, 37, its chief investment officer. A government inquiry began, Velissaris stepped down and the mutual fund and a parallel hedge fund he oversaw began liquidating.
It was a rare example of a big mutual fund failure amid a roaring bull market. And the collapse ensnared billionaire investor David Bonderman, co-founder of TPG, a huge private-equity firm that went public this year. The Bonderman Family was a major investor in Infinity Q Capital Management, the investment company overseen by Velissaris, regulatory documents show. Velissaris had worked for the Bonderman family before he co-founded Infinity Q Capital Management.
Continue reading “Founder of collapsed
In addition to securities fraud and obstruction of justice, James Velissaris has been charged with wire fraud and lying to auditors.
The founder and manager of a $1.7 billion mutual fund that collapsed last year has been charged by federal prosecutors with securities fraud and obstruction of justice for allegedly inflating fund asset values to keep investor money flowing, then falsifying records to conceal the improprieties.
The Infinity Q Diversified Alpha Fund halted investor redemptions in February 2021, roughly seven years after it was co-founded by James Velissaris, 37, its chief investment officer. A government inquiry began, Velissaris stepped down and the mutual fund and a parallel hedge fund he oversaw began liquidating.
It was a rare example of a big mutual fund failure amid a roaring bull market. And the collapse ensnared billionaire investor David Bonderman, co-founder of TPG, a huge private-equity firm that went public this year. The Bonderman Family was a major investor in Infinity Q Capital Management, the investment company overseen by Velissaris, regulatory documents show. Velissaris had worked for the Bonderman family before he co-founded Infinity Q Capital Management..7 billion mutual fund charged with fraud” | >