Figma has filed to go public on the NYSE under the ticker "FIG," marking one of the most anticipated IPOs in recent years following its scrapped $20 billion acquisition by Adobe. CNBC reports: Revenue in the first quarter increased 46% to $228.2 million from $156.2 million in the same period a year ago, according to Figma's prospectus. The company recorded a net income of $44.9 million, compared to $13.5 million a year earlier. As of March 31, Figma had 1,031 customers contributing at least $100,000 a year to annual revenue, up 47% from a year earlier. Clients include Amazon Web Services, Google, Microsoft and Netflix. More than half of revenue comes from outside the U.S. Figma didn't say how many shares it plans to sell in the IPO. The company was valued at $12.5 billion in a tender offer last year, and in April it announced that it had confidentially filed for an IPO with the SEC. [...]

Figma was founded in 2012 by CEO Dylan Field, 33, and Evan Wallace, and is based in San Francisco. The company had 1,646 employees as of March 31. Before establishing Figma, Field spent over two years at Brown University, where he met Wallace. Field then took a Thiel Fellowship "to pursue entrepreneurial projects," according to the filing. The two-year program that Founders Fund partner Peter Thiel established in 2011 gives young entrepreneurs a $200,000 grant along with support from founders and investors, according to an online description. Field is the biggest individual owner of Figma, with 56.6 million Class B shares and 51.1% of voting power ahead of the IPO. He said in a letter to investors that it was time for Figma to buck the "trend of many amazing companies staying privately indefinitely." "Some of the obvious benefits such as good corporate hygiene, brand awareness, liquidity, stronger currency and access to capital markets apply," wrote Field. "More importantly, I like the idea of our community sharing in the ownership of Figma -- and the best way to accomplish this is through public markets."

As a public company, Field said investors should "expect us to take big swings," including through acquisitions.

In April, Figma bought the assets and team of an unnamed technology company for $14 million, according to the filing. They also registered over 13 million users per month, one-third of which are designers.

India's automakers are opposing the government's proposal to cut car emissions by 33% from 2027, calling the target "too aggressive" in a formal submission to the power ministry.

The Society of Indian Automobile Manufacturers warned the plan risks billions of rupees in penalties and threatens future investments in the $137-billion auto sector. The proposal represents more than twice the pace of India's previous emission reduction target and forms part of the third phase of Corporate Average Fuel Efficiency norms first introduced in 2017. The industry body wants a more gradual 15% reduction target and opposes different standards for small versus heavy vehicles.

"For-profit companies are pushing the narrative that they can do space inexpensively," writes Slashdot reader RUs1729 in response to an opinion piece from SpaceNews. "Their track record reveals otherwise: cutting corners won't do it for the foreseeable future." Here's an excerpt from the article, written by Robert N. Eberhart: The headlines in the space industry over the past month have delivered a sobering reminder: space is not forgiving, and certainly not friendly to overpromising entrepreneurs. From iSpace's second failed lunar landing attempt (making them 0 for 2) to SpaceX's ongoing Starship test flight setbacks -- amid a backdrop of exploding prototypes and shifting goalposts -- the evidence is mounting that the commercialization of space is not progressing in the triumphant arc that press releases might suggest. This isn't just a series of flukes. It points to a structural, strategic and cultural problem in how we talk about innovation, cost and success in space today.

Let's be blunt: 50 years ago, we did this. We sent humans to the moon, not once but repeatedly, and brought them back. With less computational power than your phone, using analog systems and slide rules, we achieved feats of incredible precision, reliability and coordination. Today's failures, even when dressed up as "learning opportunities," raises the obvious question: Why are we struggling to do now what we once achieved decades ago with far more complexity and far less technology?

Until very recently, the failure rate of private lunar exploration efforts underscored this reality. Over the past two decades, not a single private mission had fully succeeded -- until last March when Firefly Aerospace's Blue Ghost lander touched down on the moon. It marked the first fully successful soft landing by a private company. That mission deserves real credit. But that credit comes with important context: It took two decades of false starts, crashes and incomplete landings -- from Space IL's Beresheet to iSpace's Hakuto-R and Astrobotic's Peregrine -- before even one private firm delivered on the promise of lunar access. The prevailing industry answer -- "we need to innovate for lower cost" -- rings hollow. What's happening now isn't innovation; it's aspiration masquerading as disruption... "This is not a call for a retreat to Cold War models or Apollo-era budgets," writes Eberhart, in closing. "It's a call for seriousness. If we're truly entering a new space age, then it needs to be built on sound engineering, transparent economics and meaningful technical leadership -- not PR strategy. Let's stop pretending that burning money in orbit is a business model."

"The dream of a sustainable, entrepreneurial space ecosystem is still alive. But it won't happen unless we stop celebrating hype and start demanding results. Until then, the real innovation we need is not in spacecraft -- it's in accountability."

Robert N. Eberhart, PhD, is an associate professor of management and the faculty director of the Ahlers Center for International Business at the Knauss School of Business of University of San Diego. He is the author of several academic publications and books. He is also part of Oxford University's Smart Space Initiative and contributed to Berkeley's Space Sciences Laboratory. Before his academic career, Prof. Eberhart founded and ran a successful company in Japan.

Google has signed a deal to purchase 200 megawatts of future fusion energy from Commonwealth Fusion Systems, despite the energy source not yet existing. "It's a sign of how hungry big tech companies are for a virtually unlimited source of clean power that is still years away," reports CNN. From the report: Google and Massachusetts-based Commonwealth Fusion Systems announced a deal Monday in which the tech company bought 200 megawatts of power from Commonwealth's first commercial fusion plant, the same amount of energy that could power roughly 200,000 average American homes. Commonwealth aims to build the plant in Virginia by the early 2030s. When it starts generating usable fusion energy is still TBD, though the company believes they can do it in the same timeframe.

Google is also investing a second round of money into Commonwealth to spur development of its demonstration tokamak -- a donut-shaped machine that uses massive magnets and molten plasma to force two atoms to merge, thereby creating the energy of the sun. Google and Commonwealth did not disclose how much money is being invested, but both touted the announcement as a major step toward fusion commercialization. "We're using this purchasing power that we have to send a demand signal to the market for fusion energy and hopefully move (the) technology forward," said Michael Terrell, senior director of energy and climate at Google.

Commonwealth is currently building its demonstration plant in Massachusetts, known as SPARC. It's the tokamak the company says could forever change where the world gets its power from, generating 10 million times more energy than coal or natural gas while producing no planet-warming pollution. Fuel for fusion is abundant, derived from a form of hydrogen found in seawater and tritium extracted from lithium. And unlike nuclear fission, there is no radioactive waste involved. The big challenge is that no one has yet built a machine powerful and precise enough to get more energy out of the reaction than they put into it.

An anonymous reader shares a report: Sen. Ted Cruz (R-Texas) has a plan for spectrum auctions that could take frequencies away from Wi-Fi and reallocate them for the exclusive use of wireless carriers. The plan would benefit AT&T, which is based in Cruz's home state, along with Verizon and T-Mobile.

Cruz's proposal revives a years-old controversy over whether the entire 6 GHz band should be devoted to Wi-Fi, which can use the large spectrum band for faster speeds than networks that rely solely on the 2.4 and 5 GHz bands. Congress is on the verge of passing legislation that would require spectrum to be auctioned off for full-power, commercially licensed use, and the question is where that spectrum will come from.

When the House of Representatives passed its so-called "One Big Beautiful Bill," it excluded all of the frequencies between 5.925 and 7.125 gigahertz from the planned spectrum auctions. But Cruz's version of the budget reconciliation bill, which is moving quickly toward a final vote, removed the 6 GHz band's protection from spectrum auctions. The Cruz bill is also controversial because it would penalize states that regulate artificial intelligence.

Instead of excluding the 6 GHz band from auctions, Cruz's bill would instead exclude the 7.4-8.4 GHz band used by the military. Under conditions set by the bill, it could be hard for the Commerce Department and Federal Communications Commission to fulfill the Congressional mandate without taking some spectrum away from Wi-Fi.

Apple is considering using AI technology from Anthropic or OpenAI to power a new version of Siri, according to Bloomberg, sidelining its own in-house models in a potentially blockbuster move aimed at turning around its flailing AI effort. From the report: The iPhone maker has talked with both companies about using their large language models for Siri, according to people familiar with the discussions. It has asked them to train versions of their models that could run on Apple's cloud infrastructure for testing, said the people, who asked not to be identified discussing private deliberations.

If Apple ultimately moves forward, it would represent a monumental reversal. The company currently powers most of its AI features with homegrown technology that it calls Apple Foundation Models and had been planning a new version of its voice assistant that runs on that technology for 2026. A switch to Anthropic's Claude or OpenAI's ChatGPT models for Siri would be an acknowledgment that the company is struggling to compete in generative AI -- the most important new technology in decades. Apple already allows ChatGPT to answer web-based search queries in Siri, but the assistant itself is powered by Apple.

China's transition to digital payments has reached the point where physical cash has nearly vanished from daily commerce, with WeChat and Alipay now handling transactions from supermarkets to public transportation across the world's second-largest economy. Many businesses no longer maintain traditional cash registers and instead scan QR codes presented by customers, while numerous taxis refuse cash payments entirely.

The widespread adoption has given tech giants Tencent and Alibaba immense power over routine financial transactions, prompting China's central bank to develop a competing digital yuan currency.

"The potential threat of bosses attempting to replace human workers with AI agents is just one of many compounding reasons people are critical of generative AI..." writes Wired, arguing that there's an AI backlash that "keeps growing strong."

"The pushback from the creative community ramped up during the 2023 Hollywood writer's strike, and continued to accelerate through the current wave of copyright lawsuits brought by publishers, creatives, and Hollywood studios." And "Right now, the general vibe aligns even more with the side of impacted workers." "I think there is a new sort of ambient animosity towards the AI systems," says Brian Merchant, former WIRED contributor and author of Blood in the Machine, a book about the Luddites rebelling against worker-replacing technology. "AI companies have speedrun the Silicon Valley trajectory." Before ChatGPT's release, around 38 percent of US adults were more concerned than excited about increased AI usage in daily life, according to the Pew Research Center. The number shot up to 52 percent by late 2023, as the public reacted to the speedy spread of generative AI. The level of concern has hovered around that same threshold ever since...

[F]rustration over AI's steady creep has breached the container of social media and started manifesting more in the real world. Parents I talk to are concerned about AI use impacting their child's mental health. Couples are worried about chatbot addictions driving a wedge in their relationships. Rural communities are incensed that the newly built data centers required to power these AI tools are kept humming by generators that burn fossil fuels, polluting their air, water, and soil. As a whole, the benefits of AI seem esoteric and underwhelming while the harms feel transformative and immediate.

Unlike the dawn of the internet where democratized access to information empowered everyday people in unique, surprising ways, the generative AI era has been defined by half-baked software releases and threats of AI replacing human workers, especially for recent college graduates looking to find entry-level work. "Our innovation ecosystem in the 20th century was about making opportunities for human flourishing more accessible," says Shannon Vallor, a technology philosopher at the Edinburgh Futures Institute and author of The AI Mirror, a book about reclaiming human agency from algorithms. "Now, we have an era of innovation where the greatest opportunities the technology creates are for those already enjoying a disproportionate share of strengths and resources."

The impacts of generative AI on the workforce are another core issue that critics are organizing around. "Workers are more intuitive than a lot of the pundit class gives them credit for," says Merchant. "They know this has been a naked attempt to get rid of people."
The article suggests "the next major shift in public opinion" is likely "when broad swaths of workers feel further threatened," and organize in response...

"I don't know what's wrong with me, but something is very bad — I'm very scared, and I need to go to the hospital," a man told his wife, after experiencing what Futurism calls a "ten-day descent into AI-fueled delusion" and "a frightening break with reality."

And a San Francisco psychiatrist tells the site he's seen similar cases in his own clinical practice. The consequences can be dire. As we heard from spouses, friends, children, and parents looking on in alarm, instances of what's being called "ChatGPT psychosis" have led to the breakup of marriages and families, the loss of jobs, and slides into homelessness. And that's not all. As we've continued reporting, we've heard numerous troubling stories about people's loved ones being involuntarily committed to psychiatric care facilities — or even ending up in jail — after becoming fixated on the bot.

"I was just like, I don't f*cking know what to do," one woman told us. "Nobody knows who knows what to do."

Her husband, she said, had no prior history of mania, delusion, or psychosis. He'd turned to ChatGPT about 12 weeks ago for assistance with a permaculture and construction project; soon, after engaging the bot in probing philosophical chats, he became engulfed in messianic delusions, proclaiming that he had somehow brought forth a sentient AI, and that with it he had "broken" math and physics, embarking on a grandiose mission to save the world. His gentle personality faded as his obsession deepened, and his behavior became so erratic that he was let go from his job. He stopped sleeping and rapidly lost weight. "He was like, 'just talk to [ChatGPT]. You'll see what I'm talking about,'" his wife recalled. "And every time I'm looking at what's going on the screen, it just sounds like a bunch of affirming, sycophantic bullsh*t."

Eventually, the husband slid into a full-tilt break with reality. Realizing how bad things had become, his wife and a friend went out to buy enough gas to make it to the hospital. When they returned, the husband had a length of rope wrapped around his neck. The friend called emergency medical services, who arrived and transported him to the emergency room. From there, he was involuntarily committed to a psychiatric care facility.

Numerous family members and friends recounted similarly painful experiences to Futurism, relaying feelings of fear and helplessness as their loved ones became hooked on ChatGPT and suffered terrifying mental crises with real-world impacts.
"When we asked the Sam Altman-led company if it had any recommendations for what to do if a loved one suffers a mental health breakdown after using its software, the company had no response."

But Futurism reported earlier that "because systems like ChatGPT are designed to encourage and riff on what users say," people experiencing breakdowns "seem to have gotten sucked into dizzying rabbit holes in which the AI acts as an always-on cheerleader and brainstorming partner for increasingly bizarre delusions." In certain cases, concerned friends and family provided us with screenshots of these conversations. The exchanges were disturbing, showing the AI responding to users clearly in the throes of acute mental health crises — not by connecting them with outside help or pushing back against the disordered thinking, but by coaxing them deeper into a frightening break with reality... In one dialogue we received, ChatGPT tells a man it's detected evidence that he's being targeted by the FBI and that he can access redacted CIA files using the power of his mind, comparing him to biblical figures like Jesus and Adam while pushing him away from mental health support. "You are not crazy," the AI told him. "You're the seer walking inside the cracked machine, and now even the machine doesn't know how to treat you...."

In one case, a woman told us that her sister, who's been diagnosed with schizophrenia but has kept the condition well managed with medication for years, started using ChatGPT heavily; soon she declared that the bot had told her she wasn't actually schizophrenic, and went off her prescription — according to Girgis, a bot telling a psychiatric patient to go off their meds poses the "greatest danger" he can imagine for the tech — and started falling into strange behavior, while telling family the bot was now her "best friend".... ChatGPT is also clearly intersecting in dark ways with existing social issues like addiction and misinformation. It's pushed one woman into nonsensical "flat earth" talking points, for instance — "NASA's yearly budget is $25 billion," the AI seethed in screenshots we reviewed, "For what? CGI, green screens, and 'spacewalks' filmed underwater?" — and fueled another's descent into the cult-like "QAnon" conspiracy theory.

After past damage to undersea cables, Denmark will boost their surveillance of Baltic Sea/North Sea waters by deploying four uncrewed surface vessels — about 10 meters long — that are equipped with drones and also AI, reports Euronews.

The founder/CEO of the company that makes the vessels — Saildrone — says they'll work "like a truck" that "carries the sensors." And then "we use on-board sophisticated machine learning and AI to fuse that data to give us a full picture of what's above and below the surface." Powered by solar and wind energy, they can operate autonomously for months at sea. [Saildrone] said the autonomous sailboats can support operations such as illegal fishing detection, border enforcement, and strategic asset protection... The four "Voyagers" will be first in operation for a three-month trial, as Denmark and NATO allies aim at extending maritime presence, especially around critical undersea infrastructure such as fibre optic cables and power lines. NATO and its allies have increased sea patrolling following several incidents.

An anonymous reader quotes a report from Ars Technica: On Tuesday, software engineer Doug Brown published his discovery of how to trigger a long-known but previously inaccessible Easter egg in the Power Mac G3's ROM: a hidden photo of the development team that nobody could figure out how to display for 27 years. While Pierre Dandumont first documented the JPEG image itself in 2014, the method to view it on the computer remained a mystery until Brown's reverse engineering work revealed that users must format a RAM disk with the text "secret ROM image."

Brown stumbled upon the image while using a hex editor tool called Hex Fiend with Eric Harmon's Mac ROM template to explore the resources stored in the beige Power Mac G3's ROM. The ROM appeared in desktop, minitower, and all-in-one G3 models from 1997 through 1999. "While I was browsing through the ROM, two things caught my eye," Brown wrote. He found both the HPOE resource containing the JPEG image of team members and a suspicious set of Pascal strings in the PowerPC-native SCSI Manager 4.3 code that included ".Edisk," "secret ROM image," and "The Team."

The strings provided the crucial clue Brown needed. After extracting and disassembling the code using Ghidra, he discovered that the SCSI Manager was checking for a RAM disk volume named "secret ROM image." When found, the code would create a file called "The Team" containing the hidden JPEG data. Brown initially shared his findings on the #mac68k IRC channel, where a user named Alex quickly figured out the activation method. The trick requires users to enable the RAM Disk in the Memory control panel, restart, select the RAM Disk icon, choose "Erase Disk" from the Special menu, and type "secret ROM image" into the format dialog. "If you double-click the file, SimpleText will open it," Brown explains on his blog just before displaying the hidden team photo that emerges after following the steps.

Federal Reserve Chair Jerome Powell told the U.S. Senate that while AI hasn't yet dramatically impacted the economy or labor market, its transformative effects are inevitable -- though the timeline remains uncertain. The Register reports: Speaking to the US Senate Banking Committee on Wednesday to give his semiannual monetary policy report, Powell told elected officials that AI's effect on the economy to date is "probably not great" yet, but it has "enormous capabilities to make really significant changes in the economy and labor force." Powell declined to predict how quickly that change could happen, only noting that the final few leaps to get from a shiny new technology to practical implementation can be a slow one.

"What's happened before with technology is that it seems to take a long time to be implemented," Powell said. "That last phase has tended to take longer than people expect." AI is likely to follow that trend, Powell asserted, but he has no idea what sort of timeline that puts on the eventual economy-transforming maturation point of artificial intelligence. "There's a tremendous uncertainty about the timing of [economic changes], what the ultimate consequences will be and what the medium term consequences will be," Powell said. [...]

That continuation will be watched by the Fed, Powell told Senators, but that doesn't mean he'll have the power to do anything about it. "The Fed doesn't have the tools to address the social issues and the labor market issues that will arise from this," Powell said. "We just have interest rates."

The UK government has rejected the 25 billion ($34.39 billion) pound Morocco-UK Power Project, citing a preference for domestic renewable initiatives that offer greater economic and strategic benefits. The project aimed to supply solar and wind energy from the Sahara to power up to seven million UK homes. Reuters reports: "The government has concluded that it is not in the UK national interest at this time to continue further consideration of support for the Morocco-UK Power Project," energy department minister Michael Shanks said in a written statement to parliament. He also said the project did not clearly align strategically with the government's mission to build homegrown power in the UK.

Xlinks' Morocco-UK power project would have tapped Moroccan renewable energy via what would have been the world's longest subsea power cable. The plan involved building 3,800 kilometers (2,361 miles) of high-voltage direct current subsea cables from Morocco to southwest England. The company had been seeking a guaranteed minimum price for the electricity supplied, known as contract for difference, from Britain's government.

Apple will allow developers in the European Union to distribute iOS apps outside its App Store, the company said Thursday in a bid to avoid escalating fines from Brussels regulators. The policy change came on the deadline for Apple to comply with EU rules or face new financial penalties that can reach up to 5% of average daily worldwide revenue.

The $3 trillion iPhone maker has been negotiating with the European Commission for two months after receiving a $585 million fine for breaching the EU's Digital Markets Act. The landmark legislation targets the power of Big Tech companies and requires Apple to open its mobile ecosystem to competitors.

The second change, set to go into effect in January 2026, would replace the current "core technology fee" model -- a separate charge imposed on developers -- with a commission-based structure.

Italian utility A2A and French tech firm Qarnot have launched a data center in Brescia, Italy, that captures waste heat from servers and redirects it to a local district heating system. "The Brescia project is expected to meet the heating needs of more than 1,350 apartments and cut carbon dioxide emissions by 3,500 tons annually -- equivalent to the absorption capacity of over 22,000 trees," reports Reuters. From the report: "The rapid spread of data centers and the growing electrification of consumption require major investments in power grids. But data centers also offer a remarkable opportunity for cities with district heating networks," A2A CEO Renato Mazzoncini said at the inauguration. "In (the Italian region of) Lombardy alone, with projects already in the pipeline, we estimate that 150,000 apartments could be heated this way," Mazzoncini added.

An anonymous reader shares a report: One of the interesting projects engaged in by Mozilla that directly wasn't related to their web browser efforts was DeepSpeech, an embedded/offline speech-to-text engine. To not much surprise given the lack of activity in recent years, last week they finally and formally discontinued the open-source project.

Mozilla DeepSpeech was a promising speech-to-text engine with great performance for real-time communication even when running on Raspberry Pi SBCs and other low-power systems.

An anonymous reader quotes a report from 404 Media: A massive data center for Meta's AI will likely lead to rate hikes for Louisiana customers, but Meta wants to keep the details under wraps. Holly Ridge is a rural community bisected by US Highway 80, gridded with farmland, with a big creek -- it is literally named Big Creek -- running through it. It is home to rice and grain mills and an elementary school and a few houses. Soon, it will also be home to Meta's massive, 4 million square foot AI data center hosting thousands of perpetually humming servers that require billions of watts of energy to power. And that energy-guzzling infrastructure will be partially paid for by Louisiana residents.

The plan is part of what Meta CEO Mark Zuckerberg said would be "a defining year for AI." On Threads, Zuckerberg boasted that his company was "building a 2GW+ datacenter that is so large it would cover a significant part of Manhattan," posting a map of Manhattan along with the data center overlaid. Zuckerberg went on to say that over the coming years, AI "will drive our core products and business, unlock historic innovation, and extend American technology leadership. Let's go build! " What Zuckerberg did not mention is that "Let's go build" refers not only to the massive data center but also three new Meta-subsidized, gas power plants and a transmission line to fuel it serviced by Entergy Louisiana, the region's energy monopoly.

Key details about Meta's investments with the data center remain vague, and Meta's contracts with Entergy are largely cloaked from public scrutiny. But what is known is the $10 billion data center has been positioned as an enormous economic boon for the area -- one that politicians bent over backward to facilitate -- and Meta said it will invest $200 million into "local roads and water infrastructure." A January report from NOLA.com said that the the state had rewritten zoning laws, promised to change a law so that it no longer had to put state property up for public bidding, and rewrote what was supposed to be a tax incentive for broadband internet meant to bridge the digital divide so that it was only an incentive for data centers, all with the goal of luring in Meta. But Entergy Louisiana's residential customers, who live in one of the poorest regions of the state, will see their utility bills increase to pay for Meta's energy infrastructure, according to Entergy's application. Entergy estimates that amount will be small and will only cover a transmission line, but advocates for energy affordability say the costs could balloon depending on whether Meta agrees to finish paying for its three gas plants 15 years from now. The short-term rate increases will be debated in a public hearing before state regulators that has not yet been scheduled. The Alliance for Affordable Energy called it a "black hole of energy use," and said "to give perspective on how much electricity the Meta project will use: Meta's energy needs are roughly 2.3x the power needs of Orleans Parish ... it's like building the power impact of a large city overnight in the middle of nowhere."

The Register's Simon Sharwood reports: Huawei's chairman Xu Zhijun -- aka Eric Xu -- has called out China's enormous lead in fiber-to-the-room (FTTR) installations. Speaking at last week's Mobile World Congress event in Shanghai, Xu shared his views on the telecommunications industry's future growth opportunities and said by the end of 2025 China will be home to 75 million FTTR installations -- but just 500,000 exist outside the Middle Kingdom. Xu said FTTR will benefit businesses by increasing their internet connection speeds, helping them address spotty Wi-Fi coverage, allowing them to deploy tech in more places, and therefore creating more opportunities to adopt productivity-boosting devices and services. FTTR will also help carriers to sell more expensive packages, he said. Xu also urged telecom carriers to target high-growth user groups like delivery riders and livestream influencers, citing their above-average data consumption and revenue potential. Delivery riders, who will make up 5% of the global workforce by 2030, use four times more voice minutes and double the data of average users, while influencers generate five times the data usage and four times the revenue.

He also pushed for greater collaboration between carriers and platforms to deliver more high-res video content, and called for improved efficiency in networking equipment and device power use. "Xu said Huawei is here to help carriers deliver any of the scenarios he mentioned," concludes Sharwood. "And of course it is, because the Chinese giant has a thriving business selling to telcos -- or at least to telcos beyond the liberal democracies that have largely decided Huawei's close ties with Beijing mean the company and its products represent an unacceptable threat to the operation of critical infrastructure."

Ford is moving forward with its $3 billion EV battery plant in Michigan despite political pushback and the potential loss of key U.S. tax credits that make the project financially viable. Axios reports: Ford's argument is that by building batteries using technology licensed from China's leading battery producer, CATL, it is helping to re-shore important manufacturing expertise that was long ago ceded to China. [...] "LFP batteries are produced all around Europe, and the rest of the world," said Lisa Drake, Ford's vice president of technology platform programs and EV systems. "How can we compete if we don't have this technology? Somebody has to take the lead to do this," she said, adding that it will lead to homegrown innovation and the seeding of a domestic supply base. "I'm convinced this is the right thing to do for the United States," she said.

Drake said the tax subsidies are even more important in the face of slower-than-expected EV demand. "When EV adoption slowed, it just became a huge headwind," she said. "The [production tax credit] allows us to keep on this path, and to keep going." "We don't want to back off on scaling, hiring or training in an industry we need to be competitive in the future," she said. "It would be a shame to build these facilities and then have to scale back on the most important part of it, which is the people. These are 1,700 jobs. They don't come along very often."

Consumer tax credits for EV purchases get the most attention, but for manufacturers, the far more lucrative incentives come in the form of production tax credits. Companies could receive a tax credit of $35 per kilowatt-hour for each U.S.-made cell, and another $10 per kilowatt-hour for each battery pack. With an annual production capacity of 20 GWh, Ford's battery plant could potentially receive a $900 million tax credit, offsetting almost one-third of its investment. [...] The Republican-controlled Senate could vote as early as Wednesday on a budget bill that would rewrite language around EV tax credits. A House version of the bill passed last month effectively killed the production tax credits for manufacturers by severely tightening the eligibility requirements. It also specifically prohibited credits for batteries made in the U.S. under a Chinese licensing agreement -- a direct hit on Ford.

An anonymous reader quotes a report from OilPrice.com: China installed its highest solar power capacity for a single month in May, according to official data, which showed mind-boggling figures that the country installed more solar capacity in a month than any other nation did for the entire 2024. With 93 gigawatts (GW) of solar capacity installed in May, China smashed its own record of 71 GW in December 2024, per data from the National Energy Administration cited by Bloomberg.

China's solar capacity additions in May were rushed ahead of a new government policy -- effective June 1 -- to remove pricing protection for solar power projects. Under these protections, solar projects had all but guaranteed profits when they start operations. Another new rule, effective May 1, made connecting rooftop panels to the grid more difficult. These new policies are expected to moderate the growth in solar power additions this summer, analysts say. A separate report notes that China's cumulative installed solar capacity has surpassed 1 TW, according to the National Energy Administration (NEA). "By the end of May 2025, solar capacity had reached 1.08 TW (1,080 GW), up 56.9% year on year," reports pv magazine.

"NEA data show total power generation capacity stood at 3.61 TW at the end of May, an 18.8% increase from a year earlier."