Category: 3. Business

  • Archer Aviation CEO Adam Goldstein on the race to put flying taxis into the sky

    Archer Aviation CEO Adam Goldstein on the race to put flying taxis into the sky

    The dream of flying taxis zipping silently above traffic-clogged streets has long captured imaginations, yet the reality has remained frustratingly elusive. But recent developments suggest we may finally be approaching liftoff. Archer Aviation, a Silicon Valley startup developing electric vertical takeoff-and-landing aircraft, just achieved a significant milestone with its Midnight aircraft completing its longest piloted flight to date, covering approximately 55 miles (88.5km) in 31 minutes at speeds exceeding 126mph (203km/h) at its test facility in Salinas, California.

    This breakthrough comes as Archer prepares for commercial operations in the UAE before the year’s end, backed by the Abu Dhabi Investment Office and partnered with Etihad Airways. The ambitious plan would connect Dubai to Abu Dhabi in just 20 minutes, transforming what can be a two-hour drive into a brief aerial commute.

    While futuristic renderings have always been easier than navigating regulatory hurdles or operating in extreme desert conditions, Archer Aviation founder and CEO Adam Goldstein believes the convergence of technology, regulation and investment has finally created the perfect conditions for urban air mobility to take flight.

    Archer Aviation’s manufacturing

    What has made air taxis viable now when they weren’t before?
    Three things have enabled the launch of air taxis. First, battery technology has advanced to the point where we can now build vehicles that can carry sufficient loads over long distances fast enough to make it economically viable. Thanks to the EV business – specifically Tesla – for rapidly advancing this technology, which enabled us to make an aircraft that is viable and safe, meaning people are excited to pay for it, and you can travel far enough to make it interesting.

    A second thing that happened is we now have a very supportive regulatory environment establishing rules. The FAA established the first set of rules, which the rest of the world is starting to adopt, that allows us to now actually build and certify these aircraft.

    And then, finally, the capital investments that were required to help launch the industry have been provided from OEM providers, such as Archer, to the players who have built the core infrastructure to enable all of this. We are working through the certification process to get the project to go live by the end of this year.

    Why do we need air taxis when we have ground transportation?
    We live and work in three dimensions, but the transportation grid has been stuck in two dimensions. You can always develop more ground transport but that eventually maxes out, which is why you see traffic in many cities. Flying over the traffic is a good answer to the problem. Of course, it’s not the only solution – tunnels and roads will continue to expand. But to be able to see the cities from the air is probably the most beautiful version of all those.

    How will you scale this technology for mass adoption?
    In the beginning supply will be limited, which brings us to the question of how many of these aircraft can we build and distribute? A lot of community engagement will need to be done, such as meeting with different municipalities to make sure they feel comfortable and that everybody understands the safety aspects of this aircraft. Our goal is to be a long-term player, so we’ll start conservatively and grow it over time.

    The idea is for this to be a mass-market product. The things that limited helicopters from scaling – predominantly cost, safety and noise – have been largely alleviated. Our aircraft has the ability to scale in ways that helicopters couldn’t.

    Archer Aviation's Midnight (Image: Courtesy of Archer Aviation)
    Archer Aviation’s Midnight (Image: Courtesy of Archer Aviation)

    Why did you choose the UAE for your first commercial operations?
    The UAE really leaned in to the industry from the very beginning, in terms of advancing technology and regulatory frameworks, in attempt to establish itself as a global leader in new transportation solutions. We partnered with the Abu Dhabi Investment Office early in the process to help build the core infrastructure and frameworks for how we would launch.

    There has also been overall interest from the government to partner with companies that produce cutting-edge technology to ensure the UAE can lead in all new things. The benefit they’re going to get is early access to the results – but I don’t think that’s just an Archer thing. There’s a possibility for the UAE to become a hub for new transportation solutions for many other companies. Archer will be one of the early ones, but lots will come once they see that the UAE is a great place to launch projects.

    What’s your long-term vision for urban air mobility?
    I think a lot of entrepreneurs, especially in the hardware space, have dreamed about taking sci-fi gadgets and turning them into real products. I’ve always had a vision of bringing flying cars into the mainstream. I think it will start slowly, and then all of a sudden, it will be everywhere.

    I can envision that one day there will be multi-lane highways in the skies, and that people will be taking these aircraft to work or to vacation. In 20 years, the world will look quite different because of this product.

    What will air taxi rides cost?
    The target price is at the high end of rideshare to start, with the ultimate goal being to substantially drive the cost down to somewhere near car ownership. The way we get there is by scaling. It will take several years to build enough aircraft, get the product out there and create different routes that make sense.

    How will you build public trust in this new form of transportation?
    We’ll have to gain the trust over time and maintain a very high safety record, but I believe that because the product is so exciting, there will be a lot of early adopters. There will probably be more people who want to fly with it than we can supply for quite some time.

    Listen to the full interview with Goldstein on The Entrepreneurs, below:

    Read next: What zero-emission flying really needs: smarter planes and radically different airports

    Read next: Flying taxis in the UAE will soon become a reality

    Continue Reading

  • Dollar Rate in Pakistan Continues to Fall as Rupee Posts Gain for 11th Straight Day

    Dollar Rate in Pakistan Continues to Fall as Rupee Posts Gain for 11th Straight Day

    The Pakistani Rupee (PKR) on Friday appreciated by 02 paisa against the US Dollar (USD) in the interbank trading and closed at Rs. 281.90 against the previous day’s closing of Rs. 281.92.

    The price of the Euro decreased by Rs. 1.74 to close at Rs. 326.84 against the last day’s closing of Rs. 328.58, according to the State Bank of Pakistan (SBP).

    The Japanese yen came down by 02 paisa and closed at Rs. 1.89, while the exchange rate of the British Pound witnessed a decrease of Rs. 1.81 to close at Rs. 377.93 against the last day’s closing of Rs. 379.74.

    The exchange rates of the Emirates Dirham remained unchanged at Rs. 76.75, and the Saudi Riyal went up by 01 paisa to close at Rs. 75.13.


    Continue Reading

  • Tech war: DeepSeek’s ‘UE8M0 FP8’ innovation seen as boost for China’s AI self-sufficiency

    Tech war: DeepSeek’s ‘UE8M0 FP8’ innovation seen as boost for China’s AI self-sufficiency

    A technical change in the latest model from Chinese artificial intelligence start-up DeepSeek could be a big step towards achieving China’s goal of AI self-sufficiency, as it shows a new level of coordination between local model developers and hardware makers, according to analysts and industry insiders.

    While DeepSeek did not specify the vendor of the implied chips or whether their use would be in training or inferencing, the wording elicited enthusiasm about an upcoming tech breakthrough that could enhance China’s prospects of cutting reliance on imported AI chips such as the graphic processing units (GPUs) from Nvidia.

    DeepSeek did not respond to a request for comment on Friday.

    Separately, Shanghai-listed shares of Cambricon Technologies, a local GPU designer that is a potential challenger to Nvidia, gained 20 per cent on Friday. The stock has more than doubled from a July low, as mainland investors bet on its growing role in supplying domestic AI chips.

    In Hong Kong on Friday, shares of Hua Hong Semiconductor gained 18 per cent, while Semiconductor Manufacturing International Corp was also up 10 per cent amid hopes that the two chip foundries could do the heavy lifting in producing China’s own GPUs.

    Continue Reading

  • Cisco to Participate in August 2025 Deutsche Bank Technology Conference

    Cisco to Participate in August 2025 Deutsche Bank Technology Conference

    SAN JOSE, Calif., August 22, 2025 – Cisco (NASDAQ: CSCO) will participate in the 2025 Deutsche Bank Technology Conference.

    No new financial information will be discussed at this event

     

    Fireside Chat

    Thursday, Aug 28, 2025

    8:00am-8:35am PST (webcast will be available on investor.cisco.com)

    Cisco Speakers:

    Mark Patterson, EVP & Chief Financial Officer

    Jeetu Patel, President & Chief Product Officer

    During the conference, Cisco management and Investor Relations will also participate in Investor Meetings on Thursday, Aug 28, 2025.

     

    About Cisco

    Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience.  With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

    Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word ‘partner’ does not imply a partnership relationship between Cisco and any other company.

    # # #

    Continue Reading

  • Apple will make chips at Texas Instruments’ $60 billion U.S. project

    Apple will make chips at Texas Instruments’ $60 billion U.S. project

    When Texas Instruments announced a $60 billion manufacturing megaproject in July, it was a bold bet that companies would want to mass produce foundational microchips on U.S. soil. In August, Apple vowed to do just that.

    During the same Oval Office press conference where President Donald Trump announced a 100% tariff on chips from companies not manufacturing in the U.S., Apple CEO Tim Cook upped his companies’ U.S. spending commitment to $600 billion over the next four years, up from an original $500 billion announcement in February.

    Part of that spending, Cook said, will go toward making “critical foundation semiconductors” for iPhones and other devices at Texas Instruments’ new chip fabrication plants in Utah and Texas.

    In July, CNBC became the first news organization to see the inside of TI’s newest fab in Sherman, Texas. There, full production is on schedule to start by the end of 2025. It’s one of seven new factories the chipmaker is building in the U.S. to provide chips to major customers like Nvidia, Ford Motor, Medtronic and SpaceX.

    Although Texas Instruments doesn’t make the world’s most advanced chips, its essential components are found almost everywhere, from smartphones to the graphics processing units powering generative AI.

    “If you have anything that plugs into the wall, or has a battery in it, or has a cord in it, you probably carry more than one TI chip in it,” said Mohammad Yunus, TI’s senior VP of technology and manufacturing.

    But just one month after TI announced the $60 million project, its shares plummeted 13% following weak guidance and tariff concerns raised in its July 23 earnings call. 

    “The worry is their end customers. Like in the wake of tariff uncertainty, they don’t know what to expect. Are they stockpiling?” said Stacy Rasgon, senior analyst at Bernstein Research.

    It remains to be seen whether demand will remain high once tariff uncertainties calm. Still, shares did recover some ground in August.

    “I would position them as more of a tariff winner than a tariff loser,” said Timothy Arcuri, managing director at UBS. Arcuri said TI’s U.S. foundry will allow it to undercut the pricing of its rivals’ Taiwan-made chips.

    The market for TI’s chips, however, is not a guarantee. After TI had trouble keeping up with demand during the chip shortage in 2020, Arcuri said TI’s share of the analog market “fell off a cliff.” It went from a high of 19.8% in 2020 to a low of 14.7% in 2024, according to UBS.

    TI’s $60 billion megaproject includes four fabs in Sherman, Texas, one in Richardson, Texas, and two in Lehi, Utah. The new fabs will give TI five times the capacity it has today, Yunus told CNBC.

    “They’re making a big bet on the fact that they regain share and that demand comes rocketing back,” Arcuri said. “If you don’t regain that share, it’s hard to justify building this much capacity.”

    SM1 and SM2, the first two of four new chip fabrication plants being built by Texas Instruments in Sherman, Texas, shown on July 24, 2025.

    Graham Merwin

    Ramping to 300mm

    While TI is well known for its graphing calculators, the company is also responsible for helping revolutionize the electronics industry. In 1958, TI engineer Jack Kilby filed the first patent for an integrated circuit. That paved the way for miniaturizing chips by building all the components of a circuit, not just the transistors, directly into a single piece of silicon.

    The majority of TI’s business today comes from automotive and industrial customers that buy the company’s analog and embedded chips. Analog chips process signals like sound, light and pressure, like the temperature on a thermostat or voltage on power management chips that keep electronics safe when plugged in. Embedded chips are typically signal processors and microcontrollers for operating everyday devices, like telling the toaster to ding, the dishwasher to end a cycle or anti-lock brakes to engage.

    Unlike the costly bleeding edge 2 and 3 nanometer chips made by giants like TSMC,  TI’s chips are made on cheaper, legacy nodes: 45 to 130 nanometers. 

    That size “is the sweet spot for analog and embedded because they provide the right performance, the power, the voltage that our portfolio needs,” Yunus said.

    While each TI chip costs about $0.40, according to Arcuri, they play crucial supporting roles for the world’s most advanced technologies. In a new partnership with Nvidia, for example, TI is developing a chip to drive efficiency in power-hungry data centers.

    In 2009, TI made another bold move to help bring the cost of its chips down further. It opened the world’s first 300 millimeter fab for analog chips, re-purposing a memory fab from Qimonda after the chipmaker went bankrupt in the financial crisis.

    “That’s what really was the catalyst for TI to have such a cost advantage,” Arcuri said.

    The new wafer size gives TI “tremendous cost efficiency” because 300mm can fit “2.3 times more chips in it versus a 200mm wafer,” Yunus said. TI’s been closing and selling off some of its 200mm fabs, and all of its seven new fabs will produce on 300mm wafers.

    Texas Instruments senior VP of technology and manufacturing Mohammad Yunus talks to CNBC’s Katie Tarasov in the first of TI’s four new chip fabrication plants in Sherman, Texas, on July 24, 2025.

    Graham Merwin

    Global supply, Texas growth

    TI told CNBC it’s the country’s biggest analog and embedded semiconductor manufacturer, selling tens of billions of chips each year. About 60% of revenue comes from customers based outside the U.S., with China making up about 20%. 

    About 75% of TI’s capital spend happens in the U.S., but it also makes chips abroad at fabs in Germany, Japan and China, the company told CNBC. It does testing and assembly in Mexico, Taiwan, the Philippines and Malaysia, where it’s spending $3 billion on two new sites, one of which is now in production. 

    TI’s global footprint is a benefit in the “dynamic situation” of tariffs right now, Yunus said.

    “Our manufacturing across 15 different sites provides us the position to be able to support our customers, no matter where they are and in any political or economic environment,” he said.

    Although TI considered building its new sites internationally in places like Singapore, the company ultimately settled on Sherman, Texas. The small city 65 miles north of Dallas has a population of just 50,000 people. It’s also home to a GlobalWafers factory. The Taiwan-based company manufactures the bare silicon wafers that chips, including TI’s, are made on.

    Sherman Mayor Shawn Teamann said the city is now “the hub of the Silicon Prairie.”

    Teamann’s grandfather worked alongside Kilby at TI in the 1950s. TI first came to Sherman in 1966, but when it announced plans to close its outdated 150mm fab, the city enticed TI to stay with incentives like tax breaks and water discounts.

    The plan worked, and in 2021, TI announced it would stay in Sherman with a campus of new 300mm fabs. Now, the first of four 300mm fabs is complete in Sherman. Teamann said the 300mm project has more than doubled the city’s rate of population growth since it was announced in 2021.

    As for federal support, TI got $1.6 billion of CHIPS Act funding, and a whopping 35% investment tax credit from Trump’s big bill passed in July. 

    At the state level, Gov. Greg Abbott has long offered incentives to chip companies willing to build in the state, from low taxes to the $1.4 billion Texas CHIPS Act passed in 2023.

    Samsung is the other chip giant in Texas since 1996. The South Korean company is building a $17 billion advanced chip fab near Austin. That’s also where Apple, Amazon and AMD design many of their chips. Other chip companies in Texas include Infineon, NXP, X-Fab, Micron, GlobalFoundries, and tool supplier Applied Materials

    Water, power, workers

    Making chips takes an immense amount of water, and about a quarter of Texas is in drought. 

    Luckily, Sherman has water rights to nearby Lake Texoma.

    “It was about acquiring more rights, ramping up our production and being able to provide for the mass quantities of water it takes to run a semiconductor facility,” said Teamann, adding that the fab has almost doubled the amount of water Sherman uses.

    TI will use about 1,700 gallons of water per minute when the new Sherman fab is complete, with plans to recycle at least 50% of that, Yunus said.

    Chip manufacturing is also a power hungry process, so it helps that Sherman has a power plant that recently increased capacity. TI’s new Sherman fab will run entirely on renewable energy, said Yunus, adding that making chips on 300mm wafers also helps with energy efficiency.

    “You use pretty much the same amount of energy but produce 2.2 to 2.3 times more chips,” he said.

    Texas’ uniquely independent grid largely cuts the state off from borrowing power across state lines. In 2021, that grid failed during an extreme winter storm, causing at least 57 deaths and halting production at chipmakers like Samsung and NXP. TI told CNBC it maintained “critical operations.”

    “We built redundancy into this facility,” Yunus said. “We have multiple transmission lines that feed power into the site. We also have large diesel storage tanks that we’re able to use, and generators that can continue to power the site for a few days.”

    Highly skilled chip engineers are another scarce resource. It’s a talent pipeline that’s been stymied by the dramatic decline of U.S. global semiconductor manufacturing. The U.S. went from holding a 37% share of the market in 1990 to just 10% in 2022, according to the Semiconductor Industry Association.

    But TI has developed partnerships with various universities, community colleges and the military to fill the talent gap necessary to fill the roles at its Sherman fab.

    “There’s a lot of younger people moving to the area. I actually think it’s going to be easier for them to get the talent now than it would have been 5 to 10 years ago,” Arcuri said.

    With the full $60 billion project, TI said it expects to create 60,000 U.S. jobs, but the company could not give an expected completion date when asked for one.

    “It’s hard to predict when exactly that will take off,” Yunus said. “We’re hopeful that we’ll continue to build out at a pretty brisk pace, but it really depends on the market.”

    Continue Reading

  • LinkedIn Adopts New Measures to Curb Fake Engagement

    LinkedIn Adopts New Measures to Curb Fake Engagement

    LinkedIn is famous for being the official corporate social media. And if you have so many people trying to show the authentic side of their working routines, you cannot allow fake engagement.

    Seems like the LinkedIn running folks have heard the prayers of all the LinkedIn influencers. Hidden in an official document, LinkedIn is now going to reduce the visibility of comments posted via automation tools or made in quick succession.

    Why LinkedIn Is Cracking Down Now

    As LinkedIn experiences record user engagement, concerns over fabricated interactions i.e., generated through comment “pods” or AI tools have intensified. To address this, LinkedIn added a line to its comment guidelines emphasizing that comments produced at scale or via automation may see limited visibility.

    What This Means for Users, Marketers, and Bots

    Human users win as authenticity now matters more than ever, with quality and thoughtful comments likely to carry more weight as LinkedIn deprioritizes automated noise. Marketers must adapt because relying on AI-generated replies or scheduled bulk commenting could now hurt visibility, making the shift toward meaningful engagement a necessity.

    Bots and engagement pods are also losing ground as LinkedIn’s latest move signals that algorithmic detection is actively punishing mass comments shared mechanically.

    While enforcement remains a challenge, the rule positions corporate social giant to take more stringent actions if needed, even hinting at future legal enforcement like in past data scraping cases.

    What’s Next for Engagement on LinkedIn

    As machine learning evolves, detect tools will likely get sharper, targeting behavioral patterns associated with automation. Users and brands may need to rely more on creativity, value, and genuine discourse if they expect to sustain reach.

    Think of it as a call to dial up authenticity. On LinkedIn, real voices may soon rise above fake noise. And that could reshape the content game entirely.

    Continue Reading

  • British Airways attendant found naked and on drugs in onboard toilet

    British Airways attendant found naked and on drugs in onboard toilet

    PA Media A photograph of Haden Pentecost wearing a blue shirt and tie. PA Media

    A British Airways flight attendant was found naked in an onboard toilet while under the influence of drugs, a court has heard.

    Haden Pentecost, 41, was working on a flight from California to London when he started to become agitated and was described as “sweating” and “babbling”.

    A blood test later revealed Pentecost had methamphetamine and amphetamines in his system.

    Pentecost, who has been sacked, pleaded guilty at Uxbridge Magistrates’ Court to performing an aviation function while impaired by drugs.

    The court heard Pentecost had to be stood down by his manager when he failed to help with any pre-flight safety checks.

    After complaining of cramps and saying he had to change his clothes, he locked himself in one of the toilets – where a colleague later found him naked and oblivious to the fact, the court was told.

    He had dilated pupils, a high heart rate, and had to be checked every 20 minutes until the plane arrived at Heathrow. Paramedics then took Pentecost to hospital.

    Pentecost, of Basingstoke, was granted bail and will be sentenced at Isleworth Crown Court at a later date.

    British Airways has been approached by the BBC for comment.

    Continue Reading

  • AI party just getting started, here are winners and losers

    AI party just getting started, here are winners and losers

    Continue Reading

  • Get a Yamaha Bike Now, Pay Later with 0% Mark-Up

    Get a Yamaha Bike Now, Pay Later with 0% Mark-Up

    Standard Chartered Bank has introduced a convenient instalment-based financing option for Yamaha motorcycle buyers in Pakistan. The offer allows Standard Chartered credit card holders to purchase a Yamaha bike through the bank’s Aasan Instalment Plan with 0% markup for up to 12 months.

    Offer Details

    Under this limited-time offer, eligible customers can select any Yamaha motorcycle model and divide the total cost into equal monthly instalments over a period of up to one year. The 0% mark-up facility ensures that no additional interest is charged during the tenure of the plan.

    This initiative is aimed at facilitating easier access to personal transport, especially for individuals looking for budget-friendly payment options without incurring financing charges.

    How to Apply

    Customers interested in availing the offer can contact Standard Chartered’s helpline at 021-111-002-002 to place their order. Before applying, customers must:

    • Hold an active Standard Chartered credit card
    • Ensure their account is in good standing
    • Choose their preferred Yamaha model

    Once eligibility is confirmed, the instalment plan will be processed and reflected in the customer’s monthly credit card statement.

    Additional Information

    The plan does not include any processing fee for the 0% markup option. However, standard bank policies apply in the case of early termination, changes to the instalment duration, or delayed payments. Customers are encouraged to review the full terms and conditions on the Standard Chartered website.

    While this plan is specific to Standard Chartered credit card holders, Yamaha also offers longer-tenure financing options up to 36 months through other channels, which may include mark-up.


    Continue Reading

  • Gold Rate in Pakistan Falls by Rs. 1,500 Per Tola

    Gold Rate in Pakistan Falls by Rs. 1,500 Per Tola

    The price of 24 karat gold witnessed an increase of Rs. 1,500 per tola on Friday and was sold at Rs. 355,700 against its sale at Rs. 357,200 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported.

    The prices of 10 grams of 24 karat also decreased by Rs. 1,286 to Rs. 304,955 from Rs. 306,241, whereas the price of 10 grams of 22 Karat went down by Rs. 1,179 to Rs. 279,552 from Rs. 280,731.

    The rates of per tola and ten-gram silver remained unchanged at Rs. 4,013 and Rs. 3,440, respectively.

    The price of gold in the international market decreased by $15 to $3,330 from $3,345, whereas that of silver remained constant at $37.80, the Association reported.


    Continue Reading