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Category: News

  • Elon Musk Acquires 9.2% Stake in Twitter, Asks for an Edit Button

    Elon Musk Acquires 9.2% Stake in Twitter, Asks for an Edit Button

    Elon Musk is an entrepreneur and CEO and Owner Of SpaceX and Tesla with an esteemed net worth of $270 billion. Recently, Elon bought 9.2% of Twitter’s equity share two weeks after he criticized the platform for not adhering to free speech principles. This big leap made him the largest shareholder in the company followed by Vanguard (8.8%) and Morgan Stanley (8.4%). News of the acquisition sent shares of Twitter soaring 22% in early trading. Musk did not disclose what he paid for the shares.

    Some reports tease that Elon spent around $4 billion to give users an edit button. On April 5, he put a poll on Twitter that asked users “Do you want an edit button?” with mischief options “yse or on.” Obviously, he did that on purpose but users took it seriously where 77% of them want an edit button. Now, the debate is open on whether we should get such a button or not.

    What makes Musk the famous tweeter?

    Musk has 80 million Twitter followers, far more than any other CEO. And he’s a frequent tweeter, using it as his primary form of news coverage on both Tesla and SpaceX, neither of which have the traditional PR department in place other companies.

    In 2018, Musk tweeted that he would take Tesla private for $420 a share and had “secured funded” to do just that. It later became clear that while he was discussing funding for this offer, funding was not guaranteed at all.

    Musk resolved the matter by relinquishing his role as Tesla chairman, although he remains the CEO. He and Tesla also paid a fine of $20 million each, with Musk compensating the company for his payment by buying an additional $20 million in Tesla stock. He also agreed that all his future tweets that may contain material company information be reviewed by other Tesla executives before sending them.

    Could Musk buy Twitter completely?

    Twitter’s $31.5 billion market value is a fraction of what rival social media giant Meta, the owner of Facebook and Instagram, is worth. And Twitter’s stock has lost more than half of its value since February 2021. The company reported that its efforts to tackle misleading content around the US elections cost the platform some users. Still, it would probably be too expensive for Musk to buy Twitter on his own, said Ives, especially since most of his wealth is tied up in his holdings of Tesla and SpaceX shares.

    Read More: Elon Musk Thinks A.I. is Lethal But Wants to Implant It in Our Brain

  • Why Did Sri Lanka Declare Nationwide Economic Emergency? 

    Why Did Sri Lanka Declare Nationwide Economic Emergency? 

    The Democratic Socialist Republic of Sri Lanka is an island country situated in the Indian ocean. On 1st April, Sri Lanka’s President Gotabaya Rajapaksa declared an Emergency. This is the second time in a year that Rajapaksa has resorted to this measure. To deal with the hoarding of essential commodities when the economic crisis had begun to manifest itself in all its severity he declared an Emergency on August 30 last year too.

    Why Did Sri Lanka Facing This Crisis?

    Experts say the roots of this crisis, lie in economic mismanagement by governments that created and sustained a twin deficit of budget shortfall alongside a current account deficit. But the current crisis was accelerated by the VAT tax cut. Rajapaksa pledged during a 2019 election campaign that took place months before the COVID19 outbreak. Lately becomes the reason for the revenue shortage in Sri Lanka’s economy.

    What Happened With Foreign Debt?

    The country had just $2.31 billion in reserves, but it failed to face debt repayments of about $4 billion as of February 2022. The largest share of Sri Lanka’s external debt at $12.55 billion, with the Asian Development Bank, Japan, and China among other major lenders. The IMF said that public debt had reached “unsustainable levels” and that foreign exchange reserves were insufficient to repay the debt. After providing  CBSL with a $1.5 billion swap and  $1.3 billion syndicated loan to the government. China plans to offer the island nation a $1.5 billion line of credit with a separate loan worth $1 billion.

    Sri Lanka’s Aid

    Rajapaksa’s administration and the Central Bank of Sri Lanka (CBSL) resisted calls For months, by experts and opposition leaders to seek help despite rising risks. But after oil prices inflated in Russia’s Seizure of Ukraine in late February, the government drew up a plan to approach the IMF in April.

    Sri Lanka has sharply devalued its currency, further fueling inflation and adding to the pain of the public, many of whom face hardship and long queues. Meanwhile, Rajapaksa also needs help from China and India. A $500 million line of credit signed with India in February is expected to arrive within days. Sri Lanka and India have signed a $1 billion line of credit for importing basic necessities, including another $1 billion from New Delhi.

    Read More: World’s First NFT War History Museum Raised $600,000 to Rebuild Destroyed Ukraine

  • World’s First NFT War History Museum Raised $600,000 to Rebuild Destroyed Ukraine

    World’s First NFT War History Museum Raised $600,000 to Rebuild Destroyed Ukraine

    NFT (non-fungible token) is an interchangeable unit of data on the blockchain. It can be sold or traded but can not be shared associated with media and the unique nature of each token. In 2020, the NFT market has increased like a wildfire, everybody’s gone crazy about it. After Zukarburg fished METAverse and launched a Web 3 era NFT trading has gone over 91.8 million dollars.

    However, NFTs have found a new form of utility in the form of “war bonds,” which we haven’t seen before, given Russia’s sudden and impulsive decision of the country. The money raised through NFTs can be used to help aid the country’s defense and help Ukraine rebuild its cultural infrastructure.

    The government aims to use this money to rebuild museums, theaters, and other cultural institutions in Ukraine that were destroyed by the Russian invasion. The museum raised the sum on the first day of the sale of the virtual exhibits. The amount raised will be donated to a cryptocurrency fund set up by KUNA (Ukrainian Cryptocurrency Exchange) to support the Ukrainian army and digital cyber resistance.

    What Brings Ukraine Into NFT Sale?

    Ukraine has received over $100 million in crypto donations since the Russian seizure According to Merkle. The Ukraine Ministry of Digital Transformation created its website in partnership with FTX, Kuna to accept donations, which features crypto donations prominently.

    In an email “The NFTs are meant to document the war through artwork that features rubble and destruction, Ukrainian soldiers, fires burning, and the Ukrainian flag,” said the ministry of digital transformation, Ukraine 

    The art depicted in the NFTs tells the story of Russia’s Seizure of the country, illustrating the wreckage of buildings, fallen soldiers, and burning flags – all displayed as NFTs to solemnize the events of the previous two months since the tension began in February. An NFT includes real news published by an official source and an illustration drawn by a Ukrainian artist.

    To conserve the history of the events, the NFTs will be minted chronologically. Additionally, Ukrainian artists will use their art skills to showcase how the war is perceived by the population of Ukraine – from the beginning until the final moments of the  ClashIn addition to raising awareness and maintaining historical records, the Metahistory Museum will also work with other ongoing initiatives to collect donations for supporting the Ukrainian military and citizens.

    Read More: McMaster’s Ukrainian Students Are Sharing How Can We Help Ukraine

  • MorningStar Farms on Mission to Make Plant-Based Foods a Norm

    MorningStar Farms on Mission to Make Plant-Based Foods a Norm

    For over 40 years, MorningStar Farms has provided better-tasting foods for anyone who wants to incorporate multiple plant-based meals, in a way that suits them, for breakfast, lunch, and dinner every day. A wide variety of foods in the MorningStar Farms portfolio provides Easyntolove, plant options based on how, where, and when consumers want them.

    Moreover, MorningStar Farms announced its vision to begin harnessing 100 percent renewable electricity this year. Through a virtual power purchase agreement, and investment in renewable energy credits.

    MorningStar Farm’s Vision

    MorningStar Farms is expanding its current sustainability efforts this year with a vision to launch new Renewable-ready packaging for selected products and start harnessing 100% renewable electricity. These efforts are part of Kellogg’s Better Days commitment, which aims to create better days for 3 billion people by the end of 2030. Currently, MorningStar Farms eliminated hard plastic trays and introduced foods in cardboard boxes that are ready for sidewalk recycling in participating communities. The new packaging will appear in stores later this year.

    Other Collaboration

    The brand has also collaborated with the protein-based innovator company, Benson Hill plant. Benson Hill has developed high-protein soybean varieties that provide at least 20% more protein straight from the soil than basic American soybeans. Through its partnership, MorningStar Farms can incorporate Benson Hill soy ingredients that require up to 70% less water and 50% less CO2e by eliminating traditional soy processing. Additionally  use a new soy ingredient from Benson Hill which will reduce the brand’s bad impact on the environment

    Our dedication and willingness to push boundaries on the sustainability front is something we take pride in. We’ve made it our mission to make plant-based foods that are both good for consumers and the planet. It’s become a core principle of our brand and having that as a driver we think truly distinguishes us from other players in the space, said Sara Young, general manager of plant-based proteins at Kellogg.

    Read More: BLUEVIEW Launches the World’s First Biodegradable Shoe

  • Microsoft Launches Startup Founder Hub to Unicorn Indian Entrepreneurs

    Microsoft Launches Startup Founder Hub to Unicorn Indian Entrepreneurs

    American multinational tech giant, Microsoft recently launched a “Startup Founder Hub” in India. The aim is to empower startups and drive innovation to drive economic and social progress in India and beyond. With access to over $300,000 in benefits.

    How Startup Founder Hub will help Indian entrepreneurs?

    With a $1.79 trillion market share, Microsoft’s Startup Founder Hub gives startups free access to the technology, tools, and resources they need to build and run their businesses. From the most reliable, secure, compatible, and open source compliant cloud platform, to the best development and productivity tools including GitHub Enterprise, Visual Studio Enterprise, and Microsoft 365. Startups nationwide will also benefit from opportunities for mentoring and training with industry experts and the “Microsoft Learn” initiative.

    The company said,” the hub is available to all startups in India, including those without third-party validation or funding.”

    Why is Microsoft focusing on India?

    Turning away from the American Dream has proven to be a serendipitous decision for a number of tech entrepreneurs who land multimillion-dollar deals a few years after returning to India.

    For a number of others, India proves to be a land of opportunities for those building businesses that meet the growing demand of a growing middle class. For those who want to stay the course, there’s enough money and mentorship to see them through, lure aside the market itself.

    As new success stories emerge, the number of Indians eager to return continues to grow journey from an idea to a unicorn as part of Microsoft’s commitment to boost startup ambitions to drive innovation from India to the world. As India is the third-largest ecosystem for startups in the world, Startup Founder Hub offers huge opportunities for emerging businesses across all sectors.

    Microsoft said it continues to demonstrate its ongoing commitment to the Indian startup ecosystem and founders through specially curated initiatives. Last year, Microsoft launched a startup growth and scaling program leveraging artificial intelligence (AI) called Microsoft AI Innovate. The program supports startups in India that harness AI technologies, helping them scale their operations, foster innovation, and develop industry expertise. In partnership with Accenture, Microsoft has also expanded Project Amplify to support startups focused on sustainability and social impact, with hands-on support and technology, mentorship, and collaboration opportunities.

    Read More: Raj Subramaniam to Replace Frederick W Smith as the New CEO of FedEx

  • McMaster’s Ukrainian Students Are Sharing How Can We Help Ukraine

    McMaster’s Ukrainian Students Are Sharing How Can We Help Ukraine

    After the Russian aggression on Ukraine in February, all of McMaster’s Ukrainian students are filled with misery and the pain they feel is not just theirs, but also for the whole community that spans the globe. After being exposed to a multitude of disheartening messages and images from their devastated homeland, it is not surprising that these students find it difficult to focus on their academic assessments.

    Aleksa Gobosz is a third-year Biology student and Larisa Hemon is a third-year Life Sciences student. In addition to participating in Ukrainian cultural activities for more than 10 years and representing Ukraine’s interests at the national level, the two Vice-Presidents of Fundraising of the McMaster Ukrainian Students Association are tirelessly committed to the cause.

    “We actively participate in the Ukrainian church. People may think that because we are Ukrainians, we are bringing this issue to the forefront now. However, that is not true at all. We are deeply invested in our culture and always have been. It is integrated into every facet of our lives,” said Gobosz.

    What MUSA Decided?

    With Easter approaching, MUSA (McMaster Ukrainian Students Association) has decided that a suitable way to raise money for Ukraine would be with Pysanky kits. They are selling kits that include a kistka wax, 5 dyes, and instructions. The earned money will be donated to the Ukrainian fund.

    Additionally, recently donating approximately  $800,000 in funding for displaced students, finding mental health support through services such as the Student Wellness Center has been a hurdle in itself. McMaster does not have culturally sensitive crisis management plans in place that are equipped to deal with the mental health struggles that arise for students due to ever-evolving global circumstances.

    The Situation of Students

    People think it’s an ordinary conflict thousand of kilometers away, not going to affect them. That is far from the truth as it is already affecting us day by day. Ukrainian students are further burdened with knowing that their family and friends are in constant shelling with no way out. Many Ukrainian students communicate round-the-clock with their loved ones, during and in between their day-to-day life. Unfortunately, the extent to which the war has drastically shifted the lives and priorities of Ukrainian students has been vastly underreported, leaving many Ukrainian students burnt out and emotionally exhausted.

    Participate in the events and rallies

    Emilia Pasternak, the fourth-year nursing student and MUSA co-president joined over 30,000 people in Toronto on the walkway in support of Ukraine. Moreover, she said that even though people might not see the immediate value of rallies or events, the experience reminded her that a show of support can make a huge impact on their minds. There have been more rallies and events across Canada and will continue. A good place to find out when the next one is through “SUSK”, the Ukrainian Canadian Student Union.

    Don’t blame the Russian people

    All of the student leaders of MUSA stress that people across Europe are affected by the war, including the Russian people too.

    “Do not blame the Russian people as decisions made by the Russian government are not necessarily reflective of the beliefs of all Russian people,” says Hemon.

    There are a lot of Ukrainians in Hamilton and McMaster and the only way to get over this is by working together. There are efforts to facilitate attune help for students fleeing Ukraine to support academic freedom.

    Read More: How Russia’s Theft Legality Will Cost Unfriendly Nations?

  • Adidas Reveals The Qatar Worldcup 2022’s Ball ‘Al Rihla’ Ft. Messi

    Adidas Reveals The Qatar Worldcup 2022’s Ball ‘Al Rihla’ Ft. Messi

    This year’s grand sports tournament FIFA Worldcup will be held in Qatar. At the showpiece event, fans saw the official match ball on Wednesday 31 March, for the very first time and its design has certainly got a seal of approval.

    The name is a bit confusing ‘Al Rihla’, at the key event Adidas unveiled the official match ball for the Qatar  2022 World Cup featuring Messi. Adidas said it was the fastest “in-flight” ball ever.

    What’s New in this “Al Rihla”?

    Designed by Adidas, who have produced the balls for the last 14 tournaments. The ball has a vibrant blue, red, and yellow color scheme that swoops across a pearlescent white background. First is its CRT-CORE,  providing speed, accuracy, and consistency for fast-paced action and precision, with maximum shape and air retention, as well as rebound precision.

    Then there’s the SPEEDSHELL with a new 20-piece panel shape that improves precision, flight stability, and steering through macro and microtextures.

    The sports organization FIFA announced this design is to support peak game speed, as it travels faster in flight than any ball in the history of the tournament. It provides the highest level of accuracy and reliability in the playfield.

    The ball’s design is inspired by the nation’s architecture, iconic boats, and national flag.

    “The ball is just the beginning. The rest of your football journey is yet to be written,” written on Al Rihla’s caption on adidas.com, where it is on sale for $165.

    Argentina Captain Lionel Messi and South Korea captain Son Heung-min are pictured holding the ball in promotional material used in the online Adidas shop.

    “The game is getting faster and, as it speeds up, accuracy and flight stability become critically important,” said Franziska Löffelmann, the Design Director – Football Graphics & Hardwear at Adidas.

    Read More: BLUEVIEW Launches the World’s First Biodegradable Shoe

  • Intel Announced Arc-Series Dedicated Graphics Processor

    Intel Announced Arc-Series Dedicated Graphics Processor

    Intel is an American multinational tech giant with a market share of 83.8 percent in the Desktop CPU market. With that benefits, Intel announced a series of discrete graphics processors on its Xe HPG architecture. There will be 3 series of GPUs, Arc 3 (based on ACM-G11 die), Arc 5, Arc 7 (based on ACM-G10 die) both.

    What’s in demonstrated Arc 3?

    The entry-level Arc 3 currently with two models- A350M and A370M. A350M packed with 6 Xe-core, 6 ray tracing and other A370M features 8 Xe-cores and 8 ray tracing cores. Both will have 4GB GDDR6 memory and 25W-50W TGP. For the announcement, they had released a promotional video featuring performances and new features Competing with AMD. In terms of gaming performances, Intel is marketing Arc 3 as a 1080p 60fps target.

    Arc 5 and Arc 7 details will be available in future days.

     What Is New In Arc- Series?

    The GPU includes the XMX AI engine that also is found on Nvidia’s Tensor cores it will also come with Xess like DLSS of Nvidia.

    Furthermore, it comes with hardware-accelerated  AV1 encoding and Deep-link gives 30% more performance in dynamic power share. Arc control software gives a reliable experience like the GeForce experience without login

    Intel also has a very brief look at its upcoming desktop graphics card. There was a short teaser video showing the form factor of the card, which is a limited edition Founders Edition sort of model from Intel, although there will likely be models available from AIB partners as well. No further details were provided regarding this product.

    Read More: Chromium-Based Browsers May Exploit With Dangerous Zero-Day Hack

  • Chromium-Based Browsers May Exploit With Dangerous Zero-Day Hack

    Chromium-Based Browsers May Exploit With Dangerous Zero-Day Hack

    Hacking attacks and exploits are a constant game of cat and mouse between developers and hackers. With over 3 billion users, Chrome/Chromium is the most targeted software in the world today. Google also confirmed that the number of Zero-day attacks is increasing.

    What is a Zero-day Attack?

    With that in mind, Google issued a warning on its official blog, that Chrome on Windows, macOS, and Linux is vulnerable to a new ‘zero-day’ hack. Zero-day attack is a dangerous form of attack, which means hackers are aware of the vulnerability before Google can fix the problem. Chromium’s V8 program is responsible for running java scripts which means if the attackers found any vulnerability they could place any background software as they want.

    “Google is aware that an exploit for CVE-2022-1096 exists in the wild, this means every chrome user is vulnerable” admitted Google.

    Is Microsoft Edge Remain Safe?

    Microsoft Edge is a chromium-based browser and since the vulnerability issued on Chromium open-source software, Edge is running on warning too. Microsoft is also aware of that and rolled out a new emergency update on its Security Center. That confirms all Chromium-based browsers on the risk list such as Amazon Silk, Brave, Opera, Samsung Internet.

    Google currently limits information about exploits so that users take the time to update and ask users to update chrome version 99.0.4844.84. At the time of publishing this report, all companies marked the threat as ”High”.

    High: CVE-2022-1096 Confusion in V8

    Google has admitted there were 16 Zero-day attacks performed in 2021 alone and also revealed 12th and 13th caused so much damage. With the concern around the security exploitations, the US cybersecurity and infrastructure security agency ordered all federal agencies to patch immediately. All Chromium-based companies are following Google’s lead and rolling out emergency updates.

    Read More: Is “Virtual RAM” a New Gimmick to Increase Smartphone Sales?

  • BLUEVIEW Launches the World’s First Biodegradable Shoe

    BLUEVIEW Launches the World’s First Biodegradable Shoe

    BLUEVIEW, a new sustainable footwear brand dedicated to reducing plastic waste on the globe is offering consumers the world’s first biodegradable shoe. BLUEVIEW’s first shoe ‘the BLUEVIEW Pacific’ revolutionizes the footwear business by replacing petroleum plastics with plant-based plastics. This sneaker features Soleic and PlantKnitTM, two breakthrough new plant-based materials that work together to create a sustainable and beautiful sneaker that gives an ocean of comfort and significant durability.

    Changing the trajectory of our planet

    As the cornerstone of the BLUEVIEW shoe, they spent more than six years studying and creating Soleic, the world’s first high-quality, renewable, and entirely biodegradable polyurethane foam. The arch support, sturdy cupsole, and outsole are all made of Soleic foam, making BLUEVIEW shoes the most comfortable shoes in the market. PlantKnitTM, the world’s first plant-based and 100% biodegradable machine knitted shoe upper was created to complete the shoe. Each pair of sneakers comes with a detachable organic canvas cotton strap, allowing customers to wear them as a loafer or slip-on.

    “Seeing our Soleic foams finally reach the consumer market is a dream come true” stated Stephen Mayfield, CEO of BLUEVIEW and co-inventor of Soleic foams. “We are pleased to present consumers with a revolutionary footwear experience by combining this innovation with world-class design and production to complete the BLUEVIEW Pacific.”

    BLUEVIEW is the industry leader, using only vegan and ecologically friendly materials to provide next-level comfort and high-quality handcrafted footwear with best-in-class style and strong branding. To demonstrate state-of-the-art durability for the BLUEVIEW Pacific sneaker, BLUEVIEW conducted Durability and SmartLast testing on the BLUEVIEW Pacific at Heelux Labs.

    “As a surfer, I’ve witnessed directly how plastic waste is affecting our oceans. I am happy to provide our customers with access to the world’s first biodegradable shoe by combining my knowledge in the footwear sector with the advancements produced by our research team,” said Tom Cooke, co-founder, and president of BLUEVIEW.

    Each BLUEVIEW shoe is an accessible and sustainable alternative to change the trajectory our planet is on, as part of a commitment to accelerate and lead the global transition to bio-based materials and more ecologically friendly production techniques.

    Every component of BLUEVIEW’s plant-based shoes biodegrades under aerobic composting conditions (ASTM D5338), which means that when exposed to air, moisture, and microorganisms in compost, they will totally decompose.

    More about BLUEVIEW

    BLUEVIEW is the world’s first biodegradable footwear business dedicated to safeguarding the globe from plastic pollution, born out of a meeting between two surfers who discovered a shared passion and concern for our oceans and planet. BLUEVIEW’s footwear, which is revolutionizing the footwear industry, is built of bio-based materials such as revolutionary Soleic and PlantKnitTM to create a sustainable, yet durable sneaker. Next-level comfort, high-quality craftsmanship, best-in-class design, strong branding, and ecologically responsible materials are all aspects of BLUEVIEW footwear. All BLUEVIEW products are environmentally friendly, vegan, and free of microplastics.

    Read More: How Russia’s Theft Legality Will Cost Unfriendly Nations?