UK Tech Overtakes China as World’s Second Largest Country for Startup Funding Raised

“China may be the world’s second-largest economy,” writes Fortune’s news editor, “but when it comes to startup funding, the U.K. is punching above its weight.”

Startups in the U.K. raised $6.7 billion in funding during the first half of 2024, helping dethrone China and propelling the U.K. to second place globally for funds raised, according to a new report. Crucial to the U.K.’s success were a dozen funding rounds worth over $100 million each, including those of digital bank Monzo ($620 million), lender Abound ($862 million), and automated driving startup Wayve ($1.05 billion).

While the overall U.K. figure was down 2% year on year, according to data from global market intelligence platform Tracxn, it remained more robust than that of China, whose funding sat at $6.1 billion in H1 2024, helping the U.K. move into the No. 2 spot globally. The win is a milestone for the U.K. tech sector, which has remained under pressure owing to a string of challenges, including Brexit, COVID-19, and the subsequent global economic slowdown.

Only the U.S. saw startups raise more capital in H1, with a combined $54.8 billion raised across some 2,654 funding rounds in the first half of the year.

The article’s last line? “With the arrival of new U.K. Prime Minister Keir Starmer, many will be hoping that the first Labour government in 14 years will continue to support the U.K.’s position as a critical player in the global tech landscape.”

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Amid Whistleblower Complaints, Boeing Buys Spirit, Ending Outsourcing of Key Work on Planes

Monday Boeing announced plans to acquire its key supplier, Spirit AeroSystems, for $4.7 billion, according to the Associated Press — “a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice. Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work on its passenger planes.”

But meanwhile, an anonymous reader shared this report from Newsweek:

More than a hundred Boeing whistleblowers have contacted the U.S. aviation watchdog since the start of the year, Newsweek can reveal. Official figures show that the Federal Aviation Administration’s (FAA) whistleblowing hotline has seen a huge surge of calls from workers concerned about safety problems. Since January the watchdog saw a total of 126 reports, via various channels, from workers concerned about safety problems. In 2023, there were just 11….

After a visit from FAA Administrator Mike Whitaker to a Boeing factory earlier in the year, Boeing CEO Dave Calhoun agreed to share details of the hotline with all Boeing employees. The FAA told Newsweek that the number of Boeing employees coming forward was a “sign of a healthy culture”…. Newsweek also spoke to Jon Holden, president of the 751 District for the International Association of Machinists, Boeing’s largest union which represents more than 32,000 aerospace workers. Holden said that numerous whistleblowers had complained to the FAA over Boeing’s attempt to cut staff and reduce inspections in an effort to “speed up the rate” at which planes went out the door…

Holden’s union is currently in contract negotiations with Boeing, and is attempting to secure a 40% pay rise alongside a 50-year guarantee of work security for its members.

CNN also reports on new allegations Wednesday from a former Boeing quality-control manager: that “for years workers at its 787 Dreamliner factory in Everett, Washington, routinely took parts that were deemed unsuitable to fly out of an internal scrap yard and put them back on factory assembly lines.”
In his first network TV interview, Merle Meyers, a 30-year veteran of Boeing, described to CNN what he says was an elaborate off-the-books practice that Boeing managers at the Everett factory used to meet production deadlines, including taking damaged and improper parts from the company’s scrapyard, storehouses and loading docks… Meyers’ claims that lapses he witnessed were intentional, organized efforts designed to thwart quality control processes in an effort to keep up with demanding production schedules. Beginning in the early 2000s, Meyers says that for more than a decade, he estimates that about 50,000 parts “escaped” quality control and were used to build aircraft. Those parts include everything from small items like screws to more complex assemblies like wing flaps. A single Boeing 787 Dreamliner, for example, has approximately 2.3 million parts…

Based on conversations Meyers says he had with current Boeing workers in the time since he left the company, he believes that while employees no longer remove parts from the scrapyard, the practice of using other unapproved parts in assembly lines continues. “Now they’re back to taking parts of body sections — everything — right when it arrives at the Everett site, bypassing quality, going right to the airplane,” Meyers said.

Company emails going back years show that Meyers repeatedly flagged the issue to Boeing’s corporate investigations team, pointing out what he says were blatant violations of Boeing’s safety rules. But investigators routinely failed to enforce those rules, Meyers says, even ignoring “eye witness observations and the hard work done to ensure the safety of future passengers and crew,” he wrote in an internal 2022 email provided to CNN.

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‘How Good Is ChatGPT at Coding, Really?’

IEEE Spectrum (the IEEE’s official publication) asks the question. “How does an AI code generator compare to a human programmer?”

A study published in the June issue of IEEE Transactions on Software Engineering evaluated the code produced by OpenAI’s ChatGPT in terms of functionality, complexity and security. The results show that ChatGPT has an extremely broad range of success when it comes to producing functional code — with a success rate ranging from anywhere as poor as 0.66 percent and as good as 89 percent — depending on the difficulty of the task, the programming language, and a number of other factors. While in some cases the AI generator could produce better code than humans, the analysis also reveals some security concerns with AI-generated code.

The study tested GPT-3.5 on 728 coding problems from the LeetCode testing platform — and in five programming languages: C, C++, Java, JavaScript, and Python. The results?

Overall, ChatGPT was fairly good at solving problems in the different coding languages — but especially when attempting to solve coding problems that existed on LeetCode before 2021. For instance, it was able to produce functional code for easy, medium, and hard problems with success rates of about 89, 71, and 40 percent, respectively. “However, when it comes to the algorithm problems after 2021, ChatGPT’s ability to generate functionally correct code is affected. It sometimes fails to understand the meaning of questions, even for easy level problems,” said Yutian Tang, a lecturer at the University of Glasgow. For example, ChatGPT’s ability to produce functional code for “easy” coding problems dropped from 89 percent to 52 percent after 2021. And its ability to generate functional code for “hard” problems dropped from 40 percent to 0.66 percent after this time as well…

The researchers also explored the ability of ChatGPT to fix its own coding errors after receiving feedback from LeetCode. They randomly selected 50 coding scenarios where ChatGPT initially generated incorrect coding, either because it didn’t understand the content or problem at hand. While ChatGPT was good at fixing compiling errors, it generally was not good at correcting its own mistakes… The researchers also found that ChatGPT-generated code did have a fair amount of vulnerabilities, such as a missing null test, but many of these were easily fixable.

“Interestingly, ChatGPT is able to generate code with smaller runtime and memory overheads than at least 50 percent of human solutions to the same LeetCode problems…”

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Watch Volunteers Emerge After Living One Year in a Mars Simulation

They lived 378 days in a “mock Mars habitat” in Houston, reports Engadget. But today the four volunteers for NASA’s yearlong simulation will finally emerge from their 1,700-square-foot habitat at the Johnson Space Center that was 3D-printed from materials that could be created with Martian soil.

And you can watch the “welcome home” ceremony’s livestream starting at 5 p.m. EST on NASA TV (also embedded in Engadget’s story). More det ails from NASA:

For more than a year, the crew simulated Mars mission operations, including “Marswalks,” grew and harvested several vegetables to supplement their shelf-stable food, maintained their equipment and habitat, and operated under additional stressors a Mars crew will experience, including communication delays with Earth, resource limitations, and isolation.

One of the mission’s crew members told the Houston Chronicle they were “very excited to go back to ‘Earth,’ but of course there is a bittersweet aspect to it just like any time you reach the completion of something that has dominated one’s life for several years.”

Various crew members left behind their children or long-term partner for this once-in-a-lifetime experience, according to an earlier article, which also notes that NASA is paying the participants $10 per hour “for all waking hours, up to 16 hours per day. That’s as much as $60,480 for the 378-day mission.”

Engadget points out there are already plans for two more one-year “missions” — with the second one expected to begin next spring…

I’m curious. Would any Slashdot readers be willing to spend a year in a mock Mars habitat?

Read more of this story at Slashdot.