Lifeboat Foundation

What do the founders and leaders of Tesla, YouTube, and LinkedIn have in common? They all started their early careers at PayPal, the online payment company. This group of highly ambitious twenty and thirty-year-olds has been dubbed the “PayPal mafia” and once even dressed up as mafia members for the cover of Fortune magazine.

They went on to found or run some of the largest tech companies in the world. Elon Musk was absent the day of the shoot because of a scheduling conflict. This is by no means all of them. Peter Thiel estimates that the “mafia” is around 220 people.

Thiel is a famous start-up investor often referred to as the “don” of the PayPal mafia. PayPal began when Thiel and Max Levchin created software company Confinity as a way to transfer money through the once-popular Palm Pilot.

Twitter users said Mr. Musk should sell 10% of his Tesla shares after the billionaire chief executive polled them and pledged to abide by the outcome of the vote.

As promised, Walmart has started doing fully driverless box truck deliveries in partnership with startup Gatik between its own locations on a fixed 7-mile loop, the companies announced. Despite those limitations, the route in Bentonville, Arkansas involves “intersections, traffic lights and merging on dense urban roads,” the companies said. It’s another shot of good news for the progress of self-driving vehicles after GM’s cruise launched its self-driving taxis into testing last week.

The Gatik trucks are bringing grocery orders from a Walmart fulfilment center (dark store) to a nearby Walmart Neighborhood Market grocery store in Bentonville, the host city of the company’s headquarters. The route covers the “middle mile” transportation of goods between warehouses and stores. The program effectively got launched following the December 2020 approval by the Arkansas State Highway Commission, and has been driverless since this summer.

Gatik, a Silicon Valley-based developer of robotic technology to handle “middle-mile” deliveries from distribution centers to stores, has begun hauling goods for Walmart in autonomous trucks without a human backup at the wheel for the first time.

Gatik, which has been making delivery runs for Walmart since 2019 in the retail giant’s Bentonville, Arkansas, hometown, is operating two fully autonomous trucks that are hauling goods on a fixed, 7.1-mile route between an e-commerce distribution facility there to a Walmart Neighborhood Market store. This new phase started in August and is the first time any autonomous trucking company has operated commercial delivery routes without a human backup, the companies said.

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AArtificial photosynthesis turns CO₂ into sustainable fuel: Carbon capture is the idea of taking CO₂ from the air and storing it. Carbon conversion is taking that same CO₂ and turning it into something useful. CO₂ can be used for a number of products, but one of the most exciting is alternatives to fossil fuels.

If we look at what’s possible with batteries today, you can do a lot. You can electrify certain portions of aviation, but they’re just never gonna touch that jumbo jet full of a couple of hundred passengers going a thousand miles. And that’s where sustainable aviation fuels come in.

Jason Salfi, CEO of Dimensional Energy, a company using artificial photosynthesis to produce carbon-neutral alternatives to fossil fuels. Their first product, a carbon-neutral jet fuel.

Billionaire CEO pledged to abide by vote’s outcome after asking whether he should sell 10% of his Tesla shares.

Billionaire Elon Musk on Saturday asked his Twitter followers to decide whether he should sell 10% of his Tesla stock, promising to “abide by the results of this poll, whichever way it goes.”

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” the electric car maker’s CEO said. He did not directly specify where that 10% would go.

This isn’t the first time Musk has taken aim at proposals in Washington that would tax billionaires’ net worth gains. Under current US tax law, assets like stocks are taxed only when they’re sold — what’s called a capital gain. But the richest of the rich in America probably aren’t selling off their massive stock portfolios; instead, their main form of income is the value that those assets accrue, or unrealized gains.

The LAVO bike from StudioMOM is the world’s first hydrogen bike, requiring no heavy batteries, particulates, or CO₂ emissions for operation.

Nowadays, it seems bikes are the preferred mode of transportation in crowded cities. Traffic is no joke and public transportation has seen some major changes since the onset of the COVID-19 pandemic, so people are hitting the streets with shiny electric and portable bicycles. While bikes are generally more environmentally friendly than cars and trucks, they come with their own list of setbacks. Becoming the world’s first hydrogen bike, the LAVO bike from StudioMOM is a small solution to a big problem.