Researchers at the Massachusetts Institute of Technology (MIT) have developed a new transistor made from semiconducting vertical nanowires of gallium antimonide (GaSb) and indium arsenide (InAs). This innovation could lead to ultra-low-power electronics, ideal for applications such as the Internet of Things (IoT) and artificial intelligence. The new transistor uses electrons tunneling through an energy…
industry on The Soothsayer / page 15
China has banned exports of critical minerals gallium, germanium, and antimony to the US, citing national security concerns. This move comes after Washington’s latest crackdown on China’s chip sector, and several Chinese industry groups have advised their members to avoid US-made semiconductors. The ban is expected to have significant implications for the global supply chain…
A Delaware judge has upheld a decision to deny Tesla CEO Elon Musk a multibillion-dollar pay package, rejecting the company’s argument to reverse the previous ruling. The judge found that Tesla’s board was too close to Musk and had not sufficiently protected shareholders’ interests. The decision comes after Tesla shareholders voted to reinstate the compensation…
Walmart has completed its acquisition of Vizio, a popular television maker, in a move to boost its advertising business. The $2.3 billion all-cash deal positions Walmart to become a leader in connected TV advertising, allowing the retail giant to combine its retail operations with TV hardware and gather customer data on viewing habits and shopping…
Researchers are flocking to the social-media platform Bluesky, hoping to recreate the good old days of Twitter. The platform has grown from close to 14 million users to nearly 21 million in just two weeks since the US presidential election. Bluesky offers users control over the content they see and the people they engage with,…
Intel’s CEO Pat Gelsinger has been forced out, marking a significant shift in the company’s leadership. Gelsinger’s departure comes as Intel struggles to regain its footing in the chipmaking industry, with a market value more than 30 times smaller than rival Nvidia. The company’s financial woes have been piling up, with a $16.6 billion loss…
The tech industry has been hit with a wave of layoffs in 2024, with over 130,000 job cuts across 457 companies. Major players like Tesla, Amazon, Google, and Microsoft have all conducted significant layoffs, while smaller startups have also been impacted. The layoffs are a result of a combination of factors, including economic uncertainty, increased…
A looming patent cliff threatens to disrupt the pharmaceutical industry, with over $200 billion in annual revenue at risk through 2030. However, this presents a significant opportunity for biosimilar developers to capitalize on the transition to more affordable treatments. Several companies, including Alvotech, Biocon Biologics, Celltrion, Formycon, and Samsung Bioepis, are already making strides in…
Muslim and immigrant-owned businesses are facing a growing threat of financial exclusion due to the practice of “de-risking” by financial institutions. This has resulted in the closure of bank accounts and restrictions on transactions, making it difficult for these businesses to access essential banking services. The issue is particularly acute for charities and organizations working…
A recent survey of academics worldwide has revealed a significant gap in computing power between researchers in universities and those in large technology companies. This disparity hinders the development of large language models and other AI research, with many academics lacking access to powerful graphics processing units (GPUs). The study suggests that academics could make…