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🗓️ 30 August 2024
⏱️ 2 minutes
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0:00.0 | Here's your TnB Tech Minute for Friday, August 30th. |
0:05.0 | I'm Zoe Thomas for the Wall Street Journal. |
0:08.0 | Shares of Dell Technologies climbed over 4%. |
0:12.0 | It comes off the back of strong earnings the company released yesterday, |
0:15.6 | showing searching demand for its artificial intelligence servers. The company's overall |
0:20.5 | server revenue blew away Wall Street expectations, increasing 80% compared to last year |
0:27.0 | to nearly 7.7 billion dollars. |
0:29.8 | Sh shipments of AI servers in particular nearly doubled from last quarter. |
0:35.0 | Defense Company RTX has agreed to pay $200 million to settle allegations from the U.S. State Department |
0:41.8 | that it violated U.S. export controls. |
0:44.0 | These include transferring some of the technology behind Air Force One and U.S. military aircraft to China. |
0:51.0 | The company voluntarily disclosed violations at several of its business units, |
0:55.2 | according to the State Department. The State Department said it would suspend collecting half |
0:59.7 | of the penalty if RTX spends that money on compliance measures. |
1:04.0 | RTX said the settlement was in line with expectations. |
1:08.0 | And satellite internet business, Starlink, says Brazil has frozen its finances. In posts on X, Starlink, which is part |
1:16.8 | of Elon Musk's SpaceX, said the order was issued in secret and without due process. |
1:23.0 | The business says it plans to address the matter legally. |
1:26.5 | Yesterday on X, Musk said Starlink would provide free service to its users in Brazil |
1:31.7 | until the situation is resolved. |
1:34.1 | The move escalates tensions between Musk and Brazil's Supreme Court, which earlier this week |
1:39.2 | threatened to ban Musk's social media platform X if the company did not appoint a new legal |
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