September 17, 2024

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Latest September 17, 2024

SpaceX Expands Starlink In-Flight Wi-Fi with United Airlines Deal

Key Points SpaceX secured a deal to install Starlink on over 1,000 United Airlines planes. SpaceX’s Starlink now has contracts for 2,500 aircraft. Starlink serves 3 million customers in 100 countries with a network of 6,400 satellites. SpaceX has reduced antenna installation time to under a day compared to Delta’s three-day retrofits. SpaceX has significantly...

Microsoft Announces $60 Billion Share Buyback Amid AI Investment Surge

Key Points Microsoft announces a massive share buyback program, $60 Billion, approved by its board. The company declares a quarterly dividend of $0.83, a 10% rise from the previous quarter. Microsoft’s capital spending surged due to heavy investments in AI infrastructure. The company expects growth in its Azure cloud division by fiscal 2025. The buyback...

Teresa Ribera Nominated as EU’s New Antitrust Chief, Faces Big Tech and Industry Giants

Key Points Nominated as EU antitrust chief, Teresa Ribera, Spain's current Minister for Ecological Transition, must secure parliamentary approval. She will enforce rules against tech giants like Amazon, Apple, and Google. Ribera faces challenges in managing Big Tech's dominance in artificial intelligence. Expected to continue Vestager's crackdown on non-EU state-backed companies. As Executive Vice President,...