Why it matters: Travelers are entitled to refunds from airlines for canceled flights "regardless of the reason" for cancelation, according to the Department of Transportation.
A worldwide, cross-industry internet outage early Friday was caused by an error at CrowdStrike, a company meant to prevent such crises.
Why it matters: The global meltdown that grounded flights and halted banking is a black eye for cybersecurity vendor CrowdStrike, which has been trusted by U.S. federal security agencies and some of the biggest companies in the world.
A single defect in an overnightcybersecurity update has taken down key internet services around the globe.
Why it matters: Major U.S. airlines have grounded their flights. TV news station Sky News went off air for an hour. Australia's largest bank, Commonwealth Bank, said customers haven't been able to transfer their funds.
Delta and United Airlines resumed some flights Friday morning, hours after a massive technology outage grounded aircraft worldwide.
The big picture: There were reports of massive online outages disrupting travel, banking and news outlets worldwide on Friday, as CrowdStrike, a cybersecurity company that services multiple industries, went down across the world.
Saronic, an Austin, Texas-based maker of autonomous surface vehicles for the U.S. Navy, raised $175 million in new venture capital funding at around a $1b valuation.
Why it matters: This is a big-money reminder that military drones aren't just for the sky.
Ford Motor Co.'s decision to scrap plans for an electric vehicle hub in Canada so it can produce more gas-powered heavy-duty pickups instead says a lot about the state of today's auto market and the pressure to deliver profitable growth.
China's government-led push to outpace the U.S. in generative AI is hitting speed bumps created by the Chinese government's need to control political speech, according to new reports.
Why it matters: Even as the U.S. tries to restrict China's access to high-end chips and hardware sold by its allies, the demands of China's authoritarian system could prove more decisive in tipping the global AI race America's way.
