GPS technology, launched in 1995, is an essential component of various sectors including finance, agriculture, and telecommunications. Its reliance affects functionalities like stock trading timestamps, power grid synchronization, and logistical operations. A potential total loss of GPS could cost the U.S. economy significantly, with real-world examples highlighting its importance. Recent outages due to solar storms have shown how vulnerable systems like autonomous tractors can become, leading to severe operational challenges as reliance on GPS grows.
"The U.S. economy could incur over $1 billion per day in losses from a total GPS outage, revealing its critical role in modern infrastructure."
"As a marvel of military ingenuity since its inception in 1995, GPS has become integral to civilian systems including finance and energy."
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