Hashtag Trending Dec 5 – Startup guarantees flying automotive by 2025; U.S. group asks for extra semiconductor funding; Amazon layoffs | IT World Canada News

A startup backed by a Tesla investor guarantees a flying automotive mannequin, the U.S. federal semiconductor assist asks for extra funding, and Amazon will layoff virtually 20,000 staff.

That’s all of the tech news that’s trending proper now, welcome to Hashtag Trending. It’s Monday December 5 and I’m your host, Samira Balsara.

Alef Aeronautics, a startup backed by a Tesla investor introduced that it will likely be capable of take off into the air vertically and fly just like a helicopter as much as 110 miles on a single cost. In addition, the corporate revealed it plans to ship these autos by 2025. CNBC reviews Alef’s Model A will value $300,000 and presales are at present open, with prospects capable of pay only a $150 deposit to get on the ready listing, or $1,500 for a “priority” spot on the listing. The design plan for the automotive features a carbon-fibre physique with an open, mesh-like prime that homes 4 propellers on either side. Once the automotive begins flying vertically, the automobile will activate its aspect, with the two-seat cockpit swivelling, permitting the propellers to steer it like an outsized flying drone. 

The Semiconductor Industry Association (SIA), the highest booster for federal semiconductor assist within the U.S. mentioned the nation ought to invest $20 billion to $30 billion in semiconductor design and analysis and improvement by means of 2030 on prime of the $52 billion in chip manufacturing subsidies that had been authorized by Congress in July. The SIA mentioned extra funding is required to make sure it doesn’t lose its management in chip design to different international locations. The affiliation mentioned the funding may end in SIA extra design-related gross sales of about $450 billion over the subsequent ten years whereas additionally creating 23,000 new design jobs. 

Amazon plans to let go virtually 20,000 staff throughout the corporate over the subsequent few months. These layoffs will impression distribution centre employees to company executives, a report in Computer World revealed. Employees at Amazon are ranked from stage one to stage seven, and employees in any respect ranges will possible be affected. Twenty thousand staff are the equal of about six per cent of company employees, and about 1.3 per cent of Amazon’s whole 1.5 million workforce together with international distribution centre and hourly employees.

Taylor Swift followers are suing Ticketmaster over the mess from its November 15 ticket sale for her Eras Tour. Fans are suing the corporate for “fraud, price-fixing, and antitrust violations,” accusing it of “intentional deception” that allowed resellers to buy a lot of the tickets and promote them at extraordinarily excessive costs. According to The Deadline, the lawsuit alleges that Ticketmaster wasn’t strict sufficient with resellers and allowed them into the presale occasion with a purpose to accumulate additional charges on resold tickets. The lawsuit asks for the courtroom to hit the corporate with a civil high-quality of $2,500 per violation. 

That’s all of the tech news that’s trending proper now. Hashtag Trending is part of the ITWC Podcast community. Add us to your Alexa Flash briefings or your Google Home day by day briefing. Make positive to join our Daily IT Wire publication to get all of the news that issues straight in your inbox day by day. Also, catch the subsequent episode of Hashtag Tendances, our weekly Hashtag Trending episode in French, which drops each Thursday morning. If you’ve gotten a suggestion or a tip, drop us a line within the feedback or through e mail. Thank you for listening, I’m Samira Balsara.