Business and Tech News - 4.5.24

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Skool Projekt Staff
April 05, 2024

Ford Is Delaying Its Electric SUVs

Ford announced the postponement of its electric three-row SUV until 2027 and its next electric truck until 2026, aiming to align with market maturity and technological advancements in battery technology. The company is advancing its BlueOval City Campus, set to include facilities for the 2026 truck launch, while also planning hybrid options for its entire lineup. Despite these delays, Ford is actively developing its next-generation affordable EVs, bolstered by a significant sales increase in the first quarter.

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Boeing Paid $160 Million To Alaska Airlines Due To Plane Groundings

Boeing paid Alaska Airlines $160 million for losses tied to the grounding of a 737 MAX 9 jet after a mid-flight door incident, renewing concerns over the aircraft's safety following previous crashes. The incident led to a $160 million pretax profit loss for Alaska in Q1, with the airline anticipating additional undisclosed compensation from Boeing. A federal investigation into the incident highlighted quality control issues, including missing bolts on the affected plane.

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Biden Administration Awards $20 Billion Grants For Clean Energy

The Biden administration has unveiled a $20 billion investment from the "Greenhouse Gas Reduction Fund" to support clean energy initiatives, particularly targeting disadvantaged communities through low-cost financing. Significant portions of the fund are earmarked for vulnerable populations, with key grants of nearly $7 billion and $5 billion allocated to the Climate United Fund and the Coalition for Green Capital, respectively. Criticism from Republicans has emerged, challenging the EPA's capability to manage the fund effectively and accusing it of serving as a "slush fund" for pushing a radical environmental agenda.

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Amazon Lays Off Hundreds in Cloud Computing

Amazon Web Services (AWS) is streamlining its workforce, affecting hundreds in store technology, sales, and marketing amid a slowdown in sales growth due to reduced cloud spending by companies. This restructuring includes discontinuing cashierless checkout technology in U.S. Fresh stores, part of Amazon's broader strategy shift and cost-cutting measures. These layoffs contribute to Amazon's largest job reduction initiative, impacting over 27,000 positions across the company, with AWS staff receiving severance and extended pay and benefits.

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DALL-E Now Allows Users To Edit Images in ChatGPT

OpenAI enhances DALL-E with new image editing capabilities and preset style suggestions within ChatGPT, streamlining the creative process. The introduction of style prompts such as woodcut and synthwave aids users in overcoming the intimidation of a blank canvas, fostering creativity. To bolster trust in AI-generated content, DALL-E 3 now embeds visible watermarks and metadata in images, despite challenges in preventing their removal.

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