Comtech arms Brazilian satellite system

Apple plans to invest another $1.1 billion into satellite operator Globalstar. But the details and contours of that investment remain unclear. “The Updated Services Agreements provide that Customer [Apple] will make cash prepayments to the Company, including for approved capital expenditures in connection with the Extended MSS Network,” Globalstar disclosed in a new SEC filing. The […]

Xcel Energy plans to invest $45 billion in new generation, transmission and other projects over the next five years, President and CEO Bob Frenzel said Thursday during the company’s third-quarter earnings call. The company has received 8,900 MW of requests from data center companies, but economic growth is driving just 22% of the total five-year spend, […]

A year ago, President Biden issued an executive order ambitiously aimed at “the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.” The order attempts to set in motion the government agencies that must grapple with the reality of an AI revolution already in progress. Across a broad set of industries, AI posed poses an open […]

Delta Air Lines is suing CrowdStrike to recover the $500 million in revenue it lost due to the CrowdStrike outage earlier this year, which led to an assortment of issues and disrupted businesses, airlines, healthcare providers, and more. The cause of the infamous outage that occurred in July was a defective threat intelligence update for the […]