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Billionaire space race – Blue Origin lifts off

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Billionaire Jeff Bezos has made his first journey to space, in the first crewed flight of his rocket ship, New Shepard.

Bezos was accompanied by his younger brother Mark as well as Wally Funk, an 82-year-old pioneer of the space race, and a student.

WATCH THE HIGHLIGHTS

They travelled in a capsule with the biggest windows flown in space, offering stunning views of the Earth.

New Shepard is built by Bezos’ company Blue Origin and is designed to serve the burgeoning market for space tourism.

Once the rocket reached space, it was time to return to earth.

The capsule touched back down after a 10-minute and 10-second flight. 

From left: Mark Bezos, Jeff Bezos, Oliver Daemen, Wally Funk
From left: Mark Bezos, Jeff Bezos, Oliver Daemen, Wally Funk

Rescue crews followed the capsule as it returned to earth under three parachutes. 

The crew was then brought out of the capsule and back to land after the short flight to space.

Jeff Bezos told NBC News it was his “Best day ever!”

“THERE ARE NO WORDS”

But Mr Bezos, and other participants in the “billionaire space race”, have been criticised for offering what some regard as mere joy rides for the super-wealthy. 

Mr Bezos insists his underlying rationale is an environmental one: “We need to take all heavy industry, all polluting industry and move it into space, and keep Earth as this beautiful gem of a planet that it is,” he told MSNBC.

Still, the flight received praise from his competitor Richard Branson, who tweeted:

Blue Origin’s flight comes a week after Richard Branson blasted into space on board Virgin Galactic.

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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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