Latest in Technology
Daily Mail
4 minutes ago
- Politics
- Daily Mail
US general warns China is winning the military space race
China's space-based military technology is developing 'breathtakingly fast' with US forces at risk of the 'kill chain', Washington has warned. Beijing have been catching up in the arms race to develop missile technology that can be sent from space at a 'very concerning rate', the top commander of the US Space Force (USSF) added. The so-called kill chain - which identifies, tracks and attacks a target - could be used on US and allied forces in the Indo-Pacific as well as 'over-the-horizon' precision strikes, General Stephen Whiting told The Telegraph. The warning comes only a month after Donald Trump unveiled his own plans for a $175 billion 'Golden Dome' defence system which he says will protect the US from the world's most powerful weapons. The integration of space-tech with China's army, navy and air force has made them 'more lethal, more precise and more far-ranging' - and could take the lead from the US in the space-arms race. Earlier this year, the USSF said that China had conducted several synchronised satellite manoeuvres in low Earth orbit, also known as 'dogfighting'. 'They are practicing tactics, techniques, and procedures to do on-orbit space operations from one satellite to another,' General Michael Guetlein, the Deputy Chief of US Space Operations at the USSF, said. He added: 'There used to be a significant capability gap between the United States and our adversaries, driven by our technological advantage. 'That gap, once massive, has narrowed considerably. 'If we don't change our approach to space operations, we risk seeing that gap reverse, putting us at a disadvantage.' China has more than 500 satellites capable of intelligence, surveillance and reconnaissance (ISR), with 67 sent up in the last year alone, the USSF said in 2024. The 'space enabled services' are broken down into three units - a cyberspace army, an aerospace force, and an information support arm. While America have around 8,000 satellites in space compared to China's 1,000 in total, Chinese scientists have also recently developed what is considered the world's most powerful satellite tracking camera. Pictured: Stephen Whiting. The technology is able to take pictures with millimetre level accuracy more than 60 miles away. Chinese satellites are also working towards counter-weapons development that would see other satellites jammed, destroyed or 'spoofed' - which is where the GPS receiver is misled or manipulated. Exerts have previously warned that the US is underprepared for such developments, with the first test done in 2008 where a satellite in space was shot down with a missile on the ground. But the latest developments could redirect drones, disable munitions or missiles and shut down crucial infrastructures. China's long-range weapons that strike with precision 'depend on space' and is how Beijing 'closes its kill chain', the USSF commander of the Indo-Pacific region, Gen Anthony Mastalir, has previously warned. Trump's Golden Dome proposal was 'long overdue' and 'absolutely necessary' amid growing threats from China, North Korea and Russia, experts said at the time. But Beijing warned that the plan to put US weapons into the earth's orbit for the first time 'heightens the risk of space becoming a battlefield, fuels an arms race, and undermines international security.' Meanwhile Moscow called for Washington to make contact regarding the programme - to which Trump said he would do so 'at the right time'.
Economic Times
5 minutes ago
- Business
- Economic Times
S&P 500, Nasdaq hit record highs on renewed AI bets, rate-cut hope
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The S&P 500 and Nasdaq Composite hit all-time highs on Friday as megacap stocks surged on renewed AI enthusiasm and the prospect of a looser monetary policy, powering a recovery in U.S. stocks from a months-long benchmark index rose 0.2% to 6,154.81 points, surpassing the previous peak of 6,147.43 on February 19, while the tech-heavy Nasdaq gained 0.3% to 20,229.31 points, exceeding its record high of 20,204.58 on December rallied this week as an upbeat forecast from chipmaker Micron brought back investor confidence around artificial intelligence, while AI bellwether Nvidia hit a record high to reclaim its position as the world's most valuable appetite also benefited from a U.S.-brokered ceasefire to a 12-day air battle between Israel and Iran that sparked a jump in crude prices and raised worries of higher remarks from Federal Reserve policymakers have also aided April 2 "reciprocal tariffs" on major trading partners and their chaotic rollout had put the S&P 500 within a striking distance of confirming a bear market when it ended down 19% from its February 19 record closing Nasdaq had tumbled 26.7% from its previous peak, marking a bear market days after Trump's "Liberation Day" on April then, U.S. trade deals with the UK and China have firmed up market expectations for more such agreements on the hopes that a global recession could be S&P 500 has surged more than 23.5% and the Nasdaq about 32% since their recent lowest close on April 8, largely powered by a handful of megacap stocks such as Microsoft, Nvidia, Meta Platforms and the Nasdaq closes above the December 16 record close at 20,173.89, it would be the end of the bear market and start of a new bull market, according to common definitions.A bear market is defined as a 20% decline from a record high close, on a closing the Nasdaq and S&P 500 have gained 4.4% this year as of Thursday's close. The blue-chip Dow has risen about 2% this year and remains about 3.7% below its all-time peak.
Yahoo
8 minutes ago
- Business
- Yahoo
Will a $10,000 Investment in Solana Turn Into $1 Million by 2035?
Solana is gaining traction with asset managers and crypto app developers. Its price has a habit of going up sharply over time. But a lot needs to go right for it to deliver a truly gargantuan return in 10 years. 10 stocks we like better than Solana › Solana (CRYPTO: SOL) has already delivered life-changing returns for its earliest believers, so it is only natural to wonder if the next decade could mint another round of crypto millionaires from the same coin. After all, anyone with $10,000 on hand today can picture a future self bragging about having turned it into a cool $1 million, as risky as such fantasies may be to achieve. Before popping (or even buying) any champagne, it pays to run the numbers, and to ask if Solana's fundamentals can realistically support another 100-bagger move. Solana is a good chain that's among the strongest in the crypto sector from the standpoints of technical implementation and user-friendliness. Its price is up about 260% during the past three years. But turning $10,000 into $1 million in 10 years would require Solana to compound at an annual rate of roughly 58%. That implies a 100-fold rise in the token's price from about $144 today to around $14,400 by 2035. Meanwhile, the network's market cap would balloon from roughly $77 billion to about $7.7 trillion, making it considerably larger than the entire 2024 gross domestic product of Japan, at about $4.2 trillion. Such gargantuan growth is not impossible. For instance, Bitcoin rose even faster between 2013 and 2023, but every additional zero added to the market cap gets harder because new money must justify ever-steeper valuations. For Solana to shoulder that load it would need to become the default payment or transaction settlement layer for a meaningful slice of global finance, not just an efficient chain for non-fungible tokens (NFTs), decentralized finance (DeFi), meme coins, and hobbyist projects. Think trillions of dollars of tokenized stocks, bonds, and real-world assets (RWAs) coursing over its rails and paying fees in Solana. Anything less, and a 100-bagger is mathematically out of reach. There is nothing inherently unreachable about Solana's grand vision being realized during the coming decade. In fact, Solana would be a logical place for those kinds of financial activities due to its speed, low fees, and great developer tooling. To its credit, Solana is built for throughput. Its base layer was benchmarked in 2023 at 65,000 transactions per second (TPS), with median fees below $0.002. This year, the long-awaited Firedancer client entered validator testing, promising a theoretical ceiling of 1 million TPS that would dwarf rival chains as well as traditional payments networks utilized by major credit card providers. If Firedancer ships on schedule in late 2025, Solana could retain its cost and speed advantage for years. Big finance is taking notice. In May a group of major banks announced pilot programs to issue and trade tokenized municipal bonds and money market funds directly on Solana. And, earlier this month the credit rater Moody's ran the first on-chain credit rating trial for those assets. Boston Consulting Group (BCG) estimates the asset tokenization opportunity at $16 trillion by 2030. If Solana captures even a modest share, fee-driven demand for the coin could surge, and things look to be on track on that front. Furthermore, developers are also experimenting with AI agents that settle micro-payments and data attestations on-chain, thanks to new toolkits released this year. These apps are early, but they offer a second leg of demand beyond finance. If agents end up taking off and transacting on Solana at scale, it could be a major driver of demand for the coin. Despite the above, there's a very long way between where the coin is today and it rising 100-fold, and it does not make sense to bet on it delivering the astronomical returns needed to turn $10,000 into $1 million at this juncture. A more grounded case is that Solana could rise five- to 10-fold during the next five years or so if Firedancer delivers, tokenization moves from trials to production, some institutions use it to process transactions, and artificial intelligence apps gain traction. A 10-fold jump would turn $10,000 into $100,000, and it would required a hefty but fully believable 26% annual return. The move here is to build a position slowly, size it modestly, and revisit the investment thesis for continuing to buy it each time a major milestone lands. Owning some Solana will likely pay off handsomely, but counting on a $1 million payday is more hope than strategy. Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Alex Carchidi has positions in Bitcoin and Solana. The Motley Fool has positions in and recommends Bitcoin, Moody's, and Solana. The Motley Fool has a disclosure policy. Will a $10,000 Investment in Solana Turn Into $1 Million by 2035? was originally published by The Motley Fool
CTV News
8 minutes ago
- Business
- CTV News
DeepSeek faces ban from Apple, Google app stores in Germany
The smartphone app DeepSeek page is seen on a smartphone screen in Beijing, Jan. 28, 2025. (AP Photo/Andy Wong, File) FRANKFURT — Germany's data protection commissioner has asked Apple and Google to remove Chinese AI startup DeepSeek from their app stores in the country due to concerns about data protection, following a similar crackdown elsewhere. Commissioner Meike Kamp said in a statement on Friday that she had made the request because DeepSeek illegally transfers users' personal data to China. The two U.S. tech giants must now review the request promptly and decide whether to block the app in Germany, she added, though her office has not set a precise timeframe. DeepSeek did not respond to a request for comment. Apple and Google were not immediately available for comment. According to its own privacy policy, DeepSeek stores numerous pieces of personal data, such as requests to its AI program or uploaded files, on computers in China. 'DeepSeek has not been able to provide my agency with convincing evidence that German users' data is protected in China to a level equivalent to that in the European Union,' Kamp said. 'Chinese authorities have far-reaching access rights to personal data within the sphere of influence of Chinese companies,' she added. The commissioner said she took the decision after asking DeepSeek in May to meet the requirements for non-EU data transfers or else voluntarily withdraw its app. DeepSeek did not comply with this request, she added. DeepSeek shook the technology world in January with claims that it had developed an AI model to rival those from U.S. firms such as ChatGPT creator OpenAI at much lower cost. However, it has come under scrutiny in the United States and Europe for its data security policies. Italy blocked it from app stores there earlier this year, citing a lack of information on its use of personal data, while the Netherlands has banned it on government devices. Belgium has recommended government officials not to use DeepSeek. 'Further analyzes are underway to evaluate the approach to be followed,' a government spokesperson said. In Spain, the consumer rights group OCU asked the government's data protection agency in February to investigate threats likely posed by DeepSeek, though no ban has come into force. U.S. lawmakers plan to introduce a bill that would ban U.S. executive agencies from using any AI models developed in China. Reuters exclusively reported this week that DeepSeek is aiding China's military and intelligence operations. --- Reporting by Hakan Ersen, Miranda Murray, Charlotte van Campenhout, David Latona; Writing by Matthias Williams; Editing by Mark Potter
CNET
9 minutes ago
- Business
- CNET
Save $275 Off a Hydrow Wave Rower With This July 4th Deal and Our Exclusive Code for a Home Gym Overhaul
Whether you're a fitness guru or someone just looking to lose a few pounds, there is no shortage of options when it comes to gear. Rowing machines are often seen as a great way to work up a sweat while giving your upper body a workout, and this Fourth of July deal can get you one of our favorites at a great price. The Hydrow Wave is on our list of the best rowing machines available today, and you can get yours for just $1,420 right now. That price applies to the black version of this rower and is made up of two distinct discounts. The first is applied automatically, but you need to enter the code CNETWAVE to get the best price. That code will stop working on July 7, so you only have a limited amount of time left to take advantage of it. The Hydrow Wave rowing machine offers an almost-silent rowing experience so you won't disturb everyone in your home, and it's designed to be used in smaller spaces than traditional machines. That's despite the addition of a built-in 16-inch display that shows you your rowing metrics and offers motivation as you work out. Hey, did you know? CNET Deals texts are free, easy and save you money. That display is joined by a pair of speakers so you can hear those motivational messages, while the Wave supports Bluetooth and Wi-Fi so you can connect to apps and your Apple Watch. Hydrow offers a 30-day at-home trial so you can make sure that the Wave is right for you, and you'll get a one-year warranty included with your purchase as well. Why this deal matters It's important to stay active, and a rowing machine is a great way to do that without having to leave your own home. Hydrow's Wave offers the chance to do that in a limited space. This deal slashes the price by a considerable amount of money, and this is the perfect time to treat yourself to a new at-home workout partner.
