🚀 SpaceX Sends Huge Starship Rocket To Space

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Hey Waivly Crew! 🌊 In today’s edition, SpaceX's Starship defies expectations, surviving reentry and landing mostly intact after its space voyage. Plus, Microsoft faces FTC scrutiny over its $650 million deal with Inflection AI.

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Here’s what’s on the horizon today:

• SpaceX’s Starship completes first full test flight

• Apple to unveil a new “Passwords” app

• Microsoft's AI deal under federal investigation

• Bytedance uses loopholes to rent NVIDIA’s AI chips

Let’s dive in!

STORIES MAKING A SPLASH

^_SPACE
SpaceX’s Starship completes first full test flight

SpaceX's Starship achieved a groundbreaking milestone by surviving reentry and landing mostly intact after its flight into space. Both the Super Heavy booster and Starship rocket landed in the water after launch, marking a significant advancement in reusability.

The Super Heavy booster landed in the Gulf of Mexico shortly after liftoff, followed by Starship's impressive splashdown in the Indian Ocean. Enduring extreme temperatures and speeds during reentry, Starship attempted a controlled landing by firing its engines to slow down.

While visibility was limited during the landing, the successful splashdown signifies progress toward Starship's goal of revolutionizing space travel with a fully reusable rocket system. If Starship can replicate this success with a land landing, it could drastically reduce the cost of spaceflight.

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^_TECH
Apple to unveil a new in-house Passwords app

Apple plans to integrate a password management app directly into upcoming versions of iPhone and Mac operating systems, competing with existing services like 1Password and LastPass.

The new app, called Passwords, will be unveiled at Apple's annual Worldwide Developers Conference on June 10. Unlike iCloud Keychain, which currently handles password management but is somewhat awkward to navigate, Passwords will offer a dedicated interface for easier access and organization.

Passwords will categorize passwords into different sections, offer importing from rival apps, and support automatic filling for logins. Additionally, it's expected to feature two-factor authentication support and might extend to storing files and images securely. Apple's WWDC event will also showcase updates to iOS, iPadOS, MacOS, WatchOS, and VisionOS, reportedly featuring new AI capabilities.

AI SPECIAL

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Microsoft's AI deal under federal investigation

Microsoft is under Federal Trade Commission (FTC) investigation over its $650 million deal with Inflection AI, which included hiring most of its employees, such as co-founders Karén Simonyan and Mustafa Suleyman. The FTC is probing if the deal was structured to evade antitrust review.

As The Wall Street Journal notes, companies must report acquisitions over $119 million to federal antitrust agencies, which then assess if the deal hampers competition. While Microsoft hired Inflection’s talent, it didn’t acquire the company. Inflection AI maintains it operates independently, despite the significant licensing agreement with Microsoft.

The FTC has issued subpoenas to both companies for documents from the past two years. If the investigation reveals an attempt to avoid regulatory scrutiny, Microsoft could face fines and the deal might be paused for further examination.

^{_{AI SPECIAL}}
Bytedance uses loopholes to rent NVIDIA’s AI chips

Since 2022, the US has prohibited companies like Nvidia from selling top-tier AI chips to China. However, a recent report by The Information revealed how Oracle is enabling ByteDance, the owner of TikTok, to rent Nvidia's advanced chips for AI training within the US.

ByteDance, suspected of ties to the Chinese government, leases US servers containing Nvidia's H100 chips from Oracle, exploiting a technicality in the regulations. This practice, while legal under current regulations, raises concerns as it circumvents the intent of US chip export restrictions.

The Biden Administration, citing national security worries, has tightened regulations amid strained US-China relations. Legislation passed in April aims to compel ByteDance to divest its US operations or face a ban. However, ByteDance's legal challenges and negotiation window provide uncertainty regarding enforcement.

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THE WAVES

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SAIL INTO A NEW CAREER

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Waivly Work Highlights

👩‍💻 Corporate Accounting Intern at ExodusPoint Capital

👩‍💻 Client Onboarding Representative at Bobtail

👩‍💻 Senior Partnership Manager at Wehype

👩‍💻 Senior Project Manager at GR8 Tech

BACK TO THE SHORE

^{_{THANKS FOR READING}}
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