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PlatinumPearl · 08-06-2020, 08:18 AM

Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC. The committee was scheduled to hear testimony from the CEOs of Apple, Facebook, Amazon and Google.

Amazon founder and CEO Jeff Bezos sold $3.1 billion worth of Amazon shares in the first few days of August, according to documents filed with the Securities and Exchange Commission. After taxes, the billionaire will take home an estimated $2.4 billion.

His last large Amazon sell-off occurred in February, when he sold $1.7 billion worth of Amazon stock.

Forbes estimates his net worth at $188.2 billion. He remains the richest person in the world.

It is unclear why Bezos is selling these shares. In 2017, the Amazon founder stated at a space conference he would be selling $1 billion worth of shares every year to fund Blue Origin, his space exploration company.

Since then, he’s made other commitments. He made a $2 billion pledge in September 2018 for the Bezos Day One Fund, which supports nonprofits focused on providing relief for homeless families as well as building a national network of Montessori-inspired preschools. Since the announcement, Bezos has given away nearly $200 million to homeless-focused nonprofits. He also made a $10 billion pledge in February to the Bezos Earth Fund, dedicated to climate change; no updates have been given since its founding.

A spokesperson for Amazon did not respond to requests for comment regarding the sales.

This latest sell-off comes less than a week after Bezos testified before Congress, via Zoom, as part of an antitrust investigation. Facebook founder and CEO Mark Zuckerberg, Apple CEO Tim Cook and Google CEO Sundar Pichai also testified.

Source: forbes.com
Website: https://bit.ly/2Xw8rrh
Date: Aug 5, 2020

PlatinumPearl · 08-10-2020, 01:14 PM

White House aims to leapfrog over China through 6G, other tech innovations beyond Huawei's 5G.

'We're going to take the best of the best around the world from emerging technologies,' said Adam Boehler, CEO of U.S. International Development Finance Corporation and a leader in the White House push to break U.S. reliance on Chinese supply chains. 'Those are startups etc. It's not a Huawei game. It's a next generation game.'

In the ongoing technological battle with China, described by some as a new Cold War, the Trump White House is aiming to leapfrog over China through 6G and other tech innovations beyond Chinese telecom giant Huawei's 5G.

Adam Boehler, CEO of U.S. International Development Finance Corporation, told Just the News in a video interview that the United States has no intention of sitting passively by despite Huawei's sophistication in the 5G realm of cellular networking. Such networking capabilities are seen as enabling revolutions in cutting-edge technology fronts like artificial intelligence, satellites, 3D printing, and the broader networking of Internet-enabled devices.

"We're more interested in what the next wave is," said Boehler, a leader in the administration's push to break U.S. reliance on Chinese supply chains. "We're interested in 6G, and [that is] where we're investing, because that's where both the United States and other countries will dominate and where China is not going to rule through subsidies."

The Commerce Department in May issued new rules to prevent Huawei and its suppliers from using American technology and software. Last month, citing human rights abuses, Secretary of State Mike Pompeo said the U.S. will impose visa restrictions on Chinese technology firms, including Huawei.

In a press conference, Pompeo described Huawei as "an arm of the Chinese Communist Party's surveillance state that censors political dissidents and enables mass internment camps in Xinjiang and the indentured servitude of its population shipped all over China."

Boehler addressed the subsidies Huawei receives from the Chinese government and potential negative implications.

"I think the issue you have with 5G is Huawei subsidizes mainly," Boehler said. "And one of the things that we're looking at is why are we looking at 5G from a hardware perspective, think of any technology. It starts out hardware, and it moves virtual to software. Huawei and 5G. That's the old line technology. So if countries want to spend billions and billions of dollars on old line technology while putting their national security at risk? That's a question I would ask myself, and I would consider very seriously whether I'm going to invest in that."

Boehler said he thinks the United States was positioned to act more nimbly than China in the tech race because of its ability to easily tap into a global network of emerging technologies.

"We're going to look at any emerging technology, and I'm not just looking at us, we're looking abroad at any emerging technology," Boehler said "It's another advantage we have over China. We are not tied to one country. We're not tied to one country's technology. We're going to take the best of the best around the world from emerging technologies. Those are startups, etc. It's not a Huawei game. It's a next generation game."

Source: justthenews.com
Website: https://bit.ly/2CjmIR0
Date: August 9, 2020

PlatinumPearl · 08-10-2020, 01:27 PM

Hydrogen Cars a Step Closer in Sydney After Hyundai Supply Deal

Hydrogen-powered vehicles could soon be more common on the streets of Australia’s biggest city after Hyundai Motor Co. reached a supply deal for the zero-emissions fuel with local producers.

Hyundai Australia has signed a memorandum of understanding with Jemena Ltd. and Coregas to produce and supply hydrogen generated from solar and wind power to the South Korean company’s Sydney hub from early 2021.

“A lack of critical refueling infrastructure is regularly cited as a hand-brake to hydrogen vehicle sales,” Frank Tudor, Jemena’s Managing Director, said in a statement. The agreement “is an opportunity to demonstrate that renewably-generated hydrogen gas can be made directly available to the vehicle and transport sectors,” he said.

Fuel cell electric vehicles combine hydrogen and oxygen to produce electricity, which runs the motor. A fully-charged FCEV can travel around 650 kilometers (404 miles), giving them a bigger range than pure electric vehicles, which generally only stretch to 150 kilometers.

The global hydrogen vehicle industry was estimated to be worth around $650 million in 2018 and is expected to grow rapidly in the years ahead, according to Jemena, jointly owned by State Grid of China and Singapore Power. Hyundai’s Macquarie Park showroom in Sydney is currently the only hydrogen refueling site in Australia. Another is under construction in Canberra, with more planned for Melbourne and Brisbane.

The Australian government is also seeking to build a hydrogen export industry over the next decade by harnessing the country’s natural advantages of using renewable power to manufacture the fuel.

Source: bloomberg.com
Website: https://bloom.bg/31ASnWM
Date: August 9, 2020

08-06-2020, 08:18 AM	#1
PlatinumPearl Member How Do You Identify?: Femme, Human Preferred Pronoun?: She, Her Join Date: Jul 2017 Location: Canada Posts: 1,150 My Photo Gallery Thanks: 966 Thanked 2,418 Times in 890 Posts Rep Power: 21474846	Jeff Bezos Sells One Million Amazon Shares Worth $3.1 Billion Jeff Bezos testifies via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC. The committee was scheduled to hear testimony from the CEOs of Apple, Facebook, Amazon and Google. Amazon founder and CEO Jeff Bezos sold $3.1 billion worth of Amazon shares in the first few days of August, according to documents filed with the Securities and Exchange Commission. After taxes, the billionaire will take home an estimated $2.4 billion. His last large Amazon sell-off occurred in February, when he sold $1.7 billion worth of Amazon stock. Forbes estimates his net worth at $188.2 billion. He remains the richest person in the world. It is unclear why Bezos is selling these shares. In 2017, the Amazon founder stated at a space conference he would be selling $1 billion worth of shares every year to fund Blue Origin, his space exploration company. Since then, he’s made other commitments. He made a $2 billion pledge in September 2018 for the Bezos Day One Fund, which supports nonprofits focused on providing relief for homeless families as well as building a national network of Montessori-inspired preschools. Since the announcement, Bezos has given away nearly $200 million to homeless-focused nonprofits. He also made a $10 billion pledge in February to the Bezos Earth Fund, dedicated to climate change; no updates have been given since its founding. A spokesperson for Amazon did not respond to requests for comment regarding the sales. This latest sell-off comes less than a week after Bezos testified before Congress, via Zoom, as part of an antitrust investigation. Facebook founder and CEO Mark Zuckerberg, Apple CEO Tim Cook and Google CEO Sundar Pichai also testified. Source: forbes.com Website: https://bit.ly/2Xw8rrh Date: Aug 5, 2020

08-10-2020, 01:14 PM	#2
PlatinumPearl Member How Do You Identify?: Femme, Human Preferred Pronoun?: She, Her Join Date: Jul 2017 Location: Canada Posts: 1,150 My Photo Gallery Thanks: 966 Thanked 2,418 Times in 890 Posts Rep Power: 21474846	6G White House aims to leapfrog over China through 6G, other tech innovations beyond Huawei's 5G. 'We're going to take the best of the best around the world from emerging technologies,' said Adam Boehler, CEO of U.S. International Development Finance Corporation and a leader in the White House push to break U.S. reliance on Chinese supply chains. 'Those are startups etc. It's not a Huawei game. It's a next generation game.' In the ongoing technological battle with China, described by some as a new Cold War, the Trump White House is aiming to leapfrog over China through 6G and other tech innovations beyond Chinese telecom giant Huawei's 5G. Adam Boehler, CEO of U.S. International Development Finance Corporation, told Just the News in a video interview that the United States has no intention of sitting passively by despite Huawei's sophistication in the 5G realm of cellular networking. Such networking capabilities are seen as enabling revolutions in cutting-edge technology fronts like artificial intelligence, satellites, 3D printing, and the broader networking of Internet-enabled devices. "We're more interested in what the next wave is," said Boehler, a leader in the administration's push to break U.S. reliance on Chinese supply chains. "We're interested in 6G, and [that is] where we're investing, because that's where both the United States and other countries will dominate and where China is not going to rule through subsidies." The Commerce Department in May issued new rules to prevent Huawei and its suppliers from using American technology and software. Last month, citing human rights abuses, Secretary of State Mike Pompeo said the U.S. will impose visa restrictions on Chinese technology firms, including Huawei. In a press conference, Pompeo described Huawei as "an arm of the Chinese Communist Party's surveillance state that censors political dissidents and enables mass internment camps in Xinjiang and the indentured servitude of its population shipped all over China." Boehler addressed the subsidies Huawei receives from the Chinese government and potential negative implications. "I think the issue you have with 5G is Huawei subsidizes mainly," Boehler said. "And one of the things that we're looking at is why are we looking at 5G from a hardware perspective, think of any technology. It starts out hardware, and it moves virtual to software. Huawei and 5G. That's the old line technology. So if countries want to spend billions and billions of dollars on old line technology while putting their national security at risk? That's a question I would ask myself, and I would consider very seriously whether I'm going to invest in that." Boehler said he thinks the United States was positioned to act more nimbly than China in the tech race because of its ability to easily tap into a global network of emerging technologies. "We're going to look at any emerging technology, and I'm not just looking at us, we're looking abroad at any emerging technology," Boehler said "It's another advantage we have over China. We are not tied to one country. We're not tied to one country's technology. We're going to take the best of the best around the world from emerging technologies. Those are startups, etc. It's not a Huawei game. It's a next generation game." Source: justthenews.com Website: https://bit.ly/2CjmIR0 Date: August 9, 2020

08-10-2020, 01:27 PM	#3
PlatinumPearl Member How Do You Identify?: Femme, Human Preferred Pronoun?: She, Her Join Date: Jul 2017 Location: Canada Posts: 1,150 My Photo Gallery Thanks: 966 Thanked 2,418 Times in 890 Posts Rep Power: 21474846	Hydrogen-Powered Vehicles Hydrogen Cars a Step Closer in Sydney After Hyundai Supply Deal Hydrogen-powered vehicles could soon be more common on the streets of Australia’s biggest city after Hyundai Motor Co. reached a supply deal for the zero-emissions fuel with local producers. Hyundai Australia has signed a memorandum of understanding with Jemena Ltd. and Coregas to produce and supply hydrogen generated from solar and wind power to the South Korean company’s Sydney hub from early 2021. “A lack of critical refueling infrastructure is regularly cited as a hand-brake to hydrogen vehicle sales,” Frank Tudor, Jemena’s Managing Director, said in a statement. The agreement “is an opportunity to demonstrate that renewably-generated hydrogen gas can be made directly available to the vehicle and transport sectors,” he said. Fuel cell electric vehicles combine hydrogen and oxygen to produce electricity, which runs the motor. A fully-charged FCEV can travel around 650 kilometers (404 miles), giving them a bigger range than pure electric vehicles, which generally only stretch to 150 kilometers. The global hydrogen vehicle industry was estimated to be worth around $650 million in 2018 and is expected to grow rapidly in the years ahead, according to Jemena, jointly owned by State Grid of China and Singapore Power. Hyundai’s Macquarie Park showroom in Sydney is currently the only hydrogen refueling site in Australia. Another is under construction in Canberra, with more planned for Melbourne and Brisbane. The Australian government is also seeking to build a hydrogen export industry over the next decade by harnessing the country’s natural advantages of using renewable power to manufacture the fuel. Source: bloomberg.com Website: https://bloom.bg/31ASnWM Date: August 9, 2020