The company has been trying to embed itself inside the AV industry β as a data provider, an investor, and a distribution platform β but the consumer-facing bet may be just as important.
The rise of AI has brought an avalanche of new terms and slang. Here is a glossary with definitions of some of the most important words and phrases you might encounter.
The invisible force behind all of this is no mystery to anyone paying attention to the city's tech economy. San Francisco is home to some of the most valuable private companies in the world, and their employees have been quietly accumulating β and, increasingly, cashing out β fortunes.
Cloudflare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles.
More than 500 people will be affected by the closures. βWe must refocus on our core business,β Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable foundation for a successful strategic realignment. This forces us to make painful cuts β including our subsidiaries."
The National Highway Traffic Safety Administration has opened an investigation into Avride after identifying more than a dozen crashes and one minor injury.
A report by Polandβs top intelligence agency accused Russia of sabotage and hacking activities against the countryβs military and civilian infrastructure.
Former cybersecurity executive Peter Williams stole several surveillance and hacking tools and sold them for $1.3 million to a Russian broker that works with Putinβs government.
The initial set of files housed on the site will include those containing unidentified anomalous phenomena (UAP) videos, photos, and original source documents from across the entire U.S. government. The materials have been reviewed for security purposes, but many have "not yet been analyzed for resolution of any anomalies," the Department's statement read.
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After years of hints and preparation, Lime plans to enter the public markets. The company intends to list on βNasdaq under the ticker symbol "LIME." Lime did not share terms of the offering.
PJM Interconnection β which oversees the grid for some of the densest data center developments on Earth β wants to overhaul itself. Not everyone thinks it's up to the task.
Like many AI companies automating work that humans currently do, Basata will eventually face a harder question about where the line is between augmenting workers and displacing them. For now, the founders say the administrative staff they work with aren't worried about that; they're more worried about drowning.
The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.