Luminar kicks off another round of layoffs amid CEO’s sudden resignation

Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing. This new round of layoffs, which the company did not provide figures for, follows extensive cuts to the workforce in 2024. Luminar cut […]

Solar trade association warns of ‘devastating energy shortages’ if incentives are cut

The Solar Energy Industries Association released an assessment of how the budget reconciliation bill currently under review in Congress would have a negative impact on the economy. The legislation cuts incentives around solar power investment and adoption, such as the Section 25D residential tax credit. […]

US libraries cut ebook and audiobook lending programs following Trump executive order

In the latest episode of How to Dismantle Public Services in 12 Easy Steps, a Trump executive order targeting libraries has real-world consequences. The AP reported over the weekend that libraries across the country are cutting programs that offer ebooks, audiobooks and other loan programs. […]

“China’s AI Satellite Launch Aims to Outpace Terrestrial Supercomputers in Orbit” – 5/20/2025, 12:22:50 PM

Latest World News as of May 20, 2025 Russia-Ukraine Conflict and Ceasefire Talks Ceasefire negotiations are ongoing between Russia and Ukraine, with US President Trump expected to hold discussions with…

Once worth over $1B, Microsoft-backed Builder.ai is running out of money

AI software company Builder.ai is entering insolvency proceedings, a company spokesperson confirmed to TechCrunch. The Microsoft-backed unicorn, which has raised more than $450 million in funding, rose to prominence for its AI-based platform that aimed to simplify the process of building apps and websites. According […]