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Private Companies

All articles tagged with #private companies

Private firms eye weapons-grade plutonium to power next-gen reactors
politics3 days ago

Private firms eye weapons-grade plutonium to power next-gen reactors

The Energy Department has named five private companies, including Oklo, to begin negotiations under its Surplus Plutonium Utilization Program to repurpose weapons-grade plutonium into fuel for next-generation small modular reactors. The move could unlock private funding and expand domestic nuclear fuel supplies, but critics warn it raises proliferation risks and could set a precedent for civilian use of weapons-grade material; negotiations are not yet finalized.

via CNN|
#nuclear-energy#plutonium#politics
Databricks Secures Funding at $134 Billion Valuation
business5 months ago

Databricks Secures Funding at $134 Billion Valuation

Databricks has raised $4 billion in a funding round valuing the company at $134 billion, marking a 34% increase from its previous valuation, with the funds aimed at supporting AI development and customer app building. The company reported a revenue run-rate of over $4.8 billion and a 55% year-over-year growth, continuing its trend of staying private longer to capitalize on private market funding opportunities.

via CNBC|
#artificial-intelligence#business#databricks
OpenAI and SpaceX Thrive Without IPOs, Challenging Young Investors
finance9 months ago

OpenAI and SpaceX Thrive Without IPOs, Challenging Young Investors

Gen Z investors face limited access to high-growth private companies like OpenAI and SpaceX due to their private status and SEC accreditation rules, leading to missed opportunities for early investment gains that previous generations capitalized on through public markets. This has created a sense of FOMO among young investors, who are exploring alternative avenues like secondary markets and ETFs, despite the risks and restrictions, in their quest to participate in the booming private tech sector.

via Business Insider|
#finance#gen-z#investing
Spain's Power Outage Caused by Grid Miscalculations and Voltage Surge
world11 months ago

Spain's Power Outage Caused by Grid Miscalculations and Voltage Surge

The Spanish government blamed a combination of grid miscalculations by the state-owned operator and private power firms for a major blackout that disrupted Spain and Portugal, with investigations revealing issues in voltage regulation and capacity planning, while denying cyber-attack involvement and addressing political criticisms about energy policies.

via BBC|
#blackout#energy-crisis#grid-regulation
"Iconic Architectural Marvel Set for Dismantling: Future Uncertain"
space-exploration1 year ago

"Iconic Architectural Marvel Set for Dismantling: Future Uncertain"

The International Space Station (ISS), a symbol of international cooperation and human exploration, will be decommissioned by 2030. Future space stations will be privately owned, with NASA as a key customer. This shift marks the end of an era of government-led space collaboration, raising concerns about the loss of continuous human presence in space and the unique international partnerships the ISS fostered.

via Inverse|
#iss#nasa#private-companies
"Private Companies Racing to Develop Lunar Rovers for NASA's Moon Missions"
space-exploration2 years ago

"Private Companies Racing to Develop Lunar Rovers for NASA's Moon Missions"

NASA has selected three private companies to design lunar explorers as part of its Artemis program, aiming to return astronauts to the moon by 2026. The companies, including Intuitive Machines, Lunar Outpost, and Venturi Astrolab, will propose designs for the Lunar Terrain Vehicle (LTV), with the winning company expected to receive a development contract worth up to $4.6 billion. The LTV will play a crucial role in establishing a longer-term presence on the moon, enabling astronauts to conduct scientific research and prepare for human missions to Mars.

via VOA Learning English|
#artemis-program#lunar-exploration#moon-vehicles
"Seniors Express Feeling Locked into Medicare Advantage Choices"
health2 years ago

"Seniors Express Feeling Locked into Medicare Advantage Choices"

Older Americans are expressing concerns about feeling trapped in Medicare Advantage plans, which are government health insurance programs administered by private companies. These individuals are reporting dissatisfaction, particularly after receiving serious medical diagnoses, suggesting that the plans may not be meeting their healthcare needs as expected. The issue was highlighted in a story on "All Things Considered" on January 3, 2023.

via NPR|
#health#healthcare#insurance
"NJ Police Trainers Exposed: Sexism, Violence, and Unconstitutional Tactics"
law-enforcement2 years ago

"NJ Police Trainers Exposed: Sexism, Violence, and Unconstitutional Tactics"

Videos from a police training seminar in Atlantic City, New Jersey, have revealed instructors using sexist language, mocking the LGBTQ+ community, and glorifying violence. The seminar was led by Street Cop Training, a private police training company that claims to be the largest in the United States. The New Jersey comptroller's investigation found that many instructors made discriminatory and harassing comments, while offering unconstitutional tactics and promoting a "warrior" approach to policing. The comptroller's office recommended retraining for all New Jersey officers who participated in the seminar and called for licensing rules for private training companies. The report highlights the lack of oversight and regulation in the private police training industry, which has thrived in the United States.

via The New York Times|
#glorification-of-violence#law-enforcement#police-training