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Virgin Orbit plans for insolvency amid rescue talks with investors | Business News
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Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce. Sky News has learnt that the commercial space satellite venture founded by Sir Richard Branson‘s Virgin Group is working with Alvarez & Marsal (A&M) and Ducera, two restructuring firms, on fallback plans in the […]
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Nuclear waste: Public to have a say on plans to bury radioactive material | Science & Tech News
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Scientists hoping to bury nuclear waste deep underground have vowed that plans will not go ahead without local support. Highly radioactive material equivalent in size to 6,500 double-decker buses is currently stored above ground at 20 sites around the UK. Some silos are beginning to deteriorate with age. Nuclear Waste Services (NWS), a government agency, […]
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Artificial intelligence: Google poised to unveil how it plans to take on ChatGPT | Science & Tech News
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Google looks set to unveil how it plans to rival the wildly successful ChatGPT AI, possibly within days. The technology giant has scheduled a 40-minute event for Wednesday 8 February, when it will reveal how it is “reimagining how people search for, explore and interact with information”. “Join us to learn how we’re opening up […]
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LauncherOne: Virgin Orbit reveals why UK’s first rocket launch failed as it plans further attempts | Science & Tech News
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The first rocket launch from UK soil failed because of a premature shutdown in the rocket that prevented LauncherOne from reaching orbit, Virgin Orbit has said. The opening part of the mission went according to plan, the company said, as its plane took off from Spaceport Cornwall, Britain’s first such site, at Newquay Airport. A […]
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Jeremy Hunt plans for UK to become a ‘science superpower’ – is this possible? | Science & Tech News
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The UK’s science and technology sector survived a much feared spending cut in this week’s budget – but those in the field say the government will need to do more to realise the UK’s potential as a “science superpower.” The expectation was that this was going to be a budget of cuts, with the government’s […]
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Trading in Twitter shares halted as Elon Musk ‘plans to buy social media company for original offer price’ | Business News
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Trading in Twitter shares was halted as the stock spiked following reports that Elon Musk is planning to buy the company for his original offer price. The world’s richest man is proposing to go ahead with purchasing the social media giant for $54.20 per share, a total purchase value of $44bn following months of legal […]
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Self-driving vehicles could be on UK roads by 2025 under government plans | UK News
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Fully self-driving vehicles could be on UK roads by 2025 under new government plans backed by a £100m investment. New laws are planned to speed up the rollout, with £34m of safety research to feed into developing the legislation. Vehicles that can drive themselves only on motorways could even be on sale within the next […]