Skip to main content

Cisco's Chuck Robbins Warns Higher Tariffs Will Lead To Lesser R&D Spend

In a recent Bloomberg interview, Cisco CEO Chuck Robbins cautioned U.S. officials against increasing tariffs on Chinese goods, saying it would take place at the expense of American innovation due to lesser research & development budgets which companies would put in place to absorb costs of higher tariffs.

Robbins said his view represents that of several tech giants including Dell, Juniper Networks and Hewlett Packard. Cisco spent over $4 billion on R&D in 2017, being a top spender among companies including Amazon, Samsung, Apple, Alphabet, Intel, General Motors, Ford and Oracle.


Find more statistics at Statista

 "If we go to the next wave in tariffs, tech companies in the U.S. will have to absorb that and cut back in R&D when what they want us to do is lead in innovation,” Robbins said in the Bloomberg interview.

Cisco, like many other top R&D spenders manufacture hardware products in China and will take a hit if no agreement is sealed between the U.S. and China…

NASA unveils astronauts for SpaceX & Boeing first commercial space missions

The astronauts, from left to right: Sunita Williams, Josh Cassada, Eric Boe, Nicole Mann, Christopher Ferguson, Douglas Hurley, Robert Behnken, Michael Hopkins and Victor Glover.
  NASA

Just this Friday, NASA unveiled the 9 astronauts who will fly on American made commercial spacecraft on missions to and from the International Space Station (ISS) in a bid to return astronaut launches to the US for the first time since the retirement of NASA's space shuttle 7 years ago.

The spacecrafts will be developed in collaboration with SpaceX and Boeing marking a major milestone for the commercial space industry as both companies prepare to begin launching astronauts to space using its its Starliner and Crew Dragon vehicles.

“Today, our country’s dreams of greater achievements in space are within our grasp,” said NASA Administrator Jim Bridenstine. “This accomplished group of American astronauts, flying on new spacecraft developed by our commercial partners Boeing and SpaceX, will launch a new era of human spaceflight. Today’s announcement advances our great American vision and strengthens the nation’s leadership in space.”





SpaceX's Crew Dragon
 SpaceX

Boeing's Starliner
 Boeing

Four astronauts will mount test flight and first missions on the Crew Dragon with the remaining 5 mounting Boeing's Starliner missions.

By names of Eric Boe, Christopher Ferguson, Nicole Aunapu Mann, Robert Behnken, Douglas Hurley, Michael Hopkins, Victor Glover, Sunita Williams and Josh Cassada, They will get to mount the commercial spacecrafts along with other crew members assigned by NASA's international partners at a later date.

“The men and women we assign to these first flights are at the forefront of this exciting new time for human spaceflight,” said Mark Geyer, director of NASA’s Johnson Space Center in Houston. “It will be thrilling to see our astronauts lift off from American soil, and we can’t wait to see them aboard the International Space Station.”

SpaceX and Boeing's spaceflight capability will enable NASA to maintain a crew of 7 astronauts on the space station maximizing scientific research for more achievements and breakthroughs in understanding  and easing the challenges of long-duration spaceflight.



NASA's commercial crew program poised to bring back the US's capability to launch astronauts from its soil to the ISS.

The astronauts selected for this space missions have in-depth experiences in space programs with a whole lot of combined hours flying across several space vehicles between them.




Comments

Most Read Posts

FedEx Agrees To $35 Million Settlement With N.Y. Over Cigarette Deliveries

FedEx has agreed to pay a $35 million settlement to the state of New York over illegal cigarette deliveries to its residents over a ten-year period, resolving three lawsuits alleging it partnered with cigarette trafficking businesses to illegally ship hundreds of thousands of untaxed cigarettes to New York residents.

The company will also implement internal reforms and hire an independent consultant that will oversee its compliance with the law and provide reports to the city and state. October last year, NY federal district judge Edgardo Ramos ruled that FedEx's conduct over many years for customers with such names as “Cigarettes Direct To You” violated a federal anti-cigarette trafficking statute, prompting FedEx to cease residential cigarette deliveries.


The reforms FedEx has agreed to as part of this agreement include ceasing domestic shipments of tobacco products, implementing company-wide communication and annual training concerning tobacco shipments and taking disciplinary…

Apple's Jeff Williams Says Qualcomm Declined To Provide Chips For 2018 iPhones

Testifying this Monday in the on-going Qualcomm suit, Apple chief operating officer Jeff Williams said the chipmaker declined to supply cellular modems for 2018 iPhones after Apple sued it in the previous year. William's testimony made known Apple was forced to use modems from Intel for the iPhone XS, iPhone XS Max, and iPhone XR rather than the decision being a choice by the company.

He said he tried negotiations with Qualcomm to provide new chips for Apple but was met with refusal while noting that Qualcomm still supply chips for older iPhone models. Apple is accusing Qualcomm of abusing its dominance in the smartphone chip market to force customers to use its products and take high patent licensing fees in return.


Just recently, Qualcomm CEO Steve Mollenkopf argued that the company pushed to be the sole supplier of iPhone chips in response to a $1 billion "incentive payment" demanded by Apple, not with intention to block rivals like Intel from the market. Regulators …

Leaked E-mails Show Apple And Qualcomm May Have Fallen Out For Another Reason

Apple and Qualcomm are in the midst of a legal battle regarding licensing and royalty payments for use of the latter's chips, a business method Apple is pushing against which has led to a fallout between both companies. The ongoing suit has seen Apple COO Jeff Williams testify that Qualcomm refused to supply chips for 2018 iPhones and Qualcomm CEO Steve Mollenkopf argue that its push to become the sole supplier of iPhone chips, one that regulators term as anti-competitive conduct was in response to a $1 billion "incentive payment" demanded by Apple.

But leaked e-mails between Williams and Mollenkopf seen by Bloomberg suggests that both companies may have cut ties over a software dispute. "In my wildest imagination of some evil intention of Apple, I have trouble coming up with a real scenario where anything of significant value could be leaked based on this code," Williams penned in September 2017.


"I just hope the licensing dispute doesn’t cloud good judg…

Google Acquires Unspecified Smartwatch Technology From Fossil Group For $40 Million

Google has entered an agreement with Fossil Group to purchase $40 million worth of smartwatch technology and a portion of its research & development team, the technology being unspecified and what Wareable says is a “new product innovation that’s not yet hit the market,” as told by Fossil’s executive vice president of chief strategy Greg McKelvey.

“Wearables, built for wellness, simplicity, personalization and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance. The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer,” vice president of product management for Google WearOS Stacey Burr said in a statement.


“Fossil Group has experienced significant success in its wearables business by focusing on product design and deve…

Tinder Owner IAC Sues Co-Founder Sean Rad Over Company Documents

Match Group, the Dallas based online dating company behind popular services including Tinder, OkCupid and PlentyOfFish and its parent firm IAC has filed a lawsuit against Tinder co-founder and ex CEO Sean Rad alleging theft of company files and other proprietary files. The lawsuit filed in a Manhattan state court on Tuesday claims $250 million in damages.

It comes six months after Rad and other Tinder co-founders filed a $2 billion lawsuit against IAC, alleging it manipulated data to lessen Tinder's valuation and rob them of stock options, and that former CEO Greg Blatt engaged in sexual harassment.


IAC is now alleging that Rad in violation of an employment agreement, created backups of internal e-mails, directly copied company files that include “highly sensitive, non-public information concerning his employers’ business strategies and plans.” and forwarded company e-mails to personal addresses.

Tinder's history has had a share of lawsuits beginning from that of co-founder W…

VW Not Yet Committed To Collaborating With Ford On Self-driving Cars

Volkswagen, set to announce an alliance with automaker Ford this Tuesday has not yet decided to collaborate with the company on self-driving cars, Its CEO Herbert Diess said, speaking to reporters in a roundtable at the North American International Auto Show.

“There’s still a lot of hype” about driverless vehicles and "a lot of money flowing in, but I think it’s still a long way to go until we really get the first paybacks,” Diess said. “There’s one alternative, which could be joining forces with Ford. It’s not yet decided. But it’s still a long way to go, many millions to be poured in and probably some setbacks to expect.”


In November, Volkswagen was reported to be considering an investment in Ford's Argo AI self-driving unit and also looking to share electric vehicle technology with Ford, tapping into the high amounts it has committed for battery powered vehicles.

Both companies have scheduled a tele-conference to reveal the results of discussions between them but Diess in…

Airbnb Profitable For Two Years Straight As It Heads For Public Markets

Airbnb today announced a number of milestones which include being profitable for a second year on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis in 2018. This counts as a plus as the company heads for an IPO reported to be taking place this year.

It also says it's on track to hit 500 million guest arrivals on its platform by the end of Q1 this year. While specific figures are not provided, the company exceeded its 2017 projections with $93 million in profit on $2.6 billion in revenue, Bloomberg says with CEO Brian Chesky promising a public offering before 2020 when some employee stock grants expire.

This month, longtime Amazon executive Dave Stephenson joined the company as chief financial officer, a key role in preparation for an IPO after its previous CFO Laurence Tosi left last year amid a disagreement with Chesky.

“He (Dave Stephenson) will use his experience in growing large businesses quickly at scale to ensure we are investing for both gro…

DJI Uncovers Corruption Cases Leading To $150 Million Loss

Drone maker DJI has discovered several cases of corruption and expects 2018 losses of over 1 billion yuan ($150 million) as a result, the company said on Friday. It says the cases came to light during routine quality control last year and has kicked off investigation, handing a number of employees to authorities already.

According to state-run China Securities Journal citing an internal report, more than 40 people at the consumer drone manufacturer had been investigated on this issue. This counts as a minority for the company which employed 12,000 people as of 2018 end. “DJI condemns any form of corruption strongly and has set up a high-level anti-corruption task force to investigate further and strengthen anti-corruption measures,” DJI said.


“A number of corruption cases have been handed over to the authorities, and some employees have been dismissed,” It added. Headquartered in Shenzhen, 12 year old DJI is the world leading consumer drone manufacturer with a 74% market share accord…

Facebook To Invest $300 Million In News Partnerships And Programming Over Three Years

Facebook has announced it's investing $300 million over three years on local news partnerships and programming globally, allotting investments to expand memberships and subscription accelerators. It has already distributed $16 million among various journalism non-profits and organizations including the American Journalism Project, Community News Project, Knight-Lenfest Local News Transformation Fund, Report for America and the Pulitzer Center as part of this effort.

It's investing the same amount allocated for a similar project last year by Google, the ‘Google News Initiative’ through which the company gives out money to “help stimulate innovation in digital journalism” among European publishers. The company last year shifted its News Feed algorithm in favor of more “meaningful interactions” and less Page/news content, This evolved to focus on trusted local news for its users indicating efforts in this space.

“We’re going to continue fighting fake news, misinformation, and lo…

Zoox Names Former Intel Executive Aicha Evans As CEO

Autonomous vehicle startup Zoox has named Intel's former Senior Vice President and Chief Strategy Officer Aicha Evans as its CEO, joining Zoox after 12 years at the chipmaker and nearly one year on its board.

Prior to serving most recently as the Chief Strategy Officer, she led its Communication and Devices Group, overseeing a team of 7,000 people across multiple continents responsible for driving wireless engineering for multi-comm products and Intel platforms. Her hire comes months after a sudden ouster of Zoox co-founder Tim Kentley-Klay as CEO for unspecified reasons.


“Our team has made incredible progress since we started in 2014,” Zoox co-founder and CTO Jesse Levinson said. “We believe now more than ever that the full realization of autonomous mobility is a radical departure from last century’s car architecture, and that requires a completely reimagined vehicle and AI solution. I’m excited to partner with Aicha as we forge our own path and show the world what the next gene…