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Tesla Announces Cybercab Launch Event

Tesla teased a launch event for its Cybercab on Monday night. That would mark the company’s public debut of its first vehicle designed without a steering wheel or brake pedal and intended for its autonomous ride-hailing service. The company said in a post on X that customers of its Robotaxi service could be eligible for attending the event by completing as many rides as possible by Aug. 23

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Uber Bears Have Taken a Wrong Turn

Uber stock has dropped 8% this year over concerns that the ride-hailing company faces stiff competition from robotaxi operators, most notably Waymo. Sellers are overreacting. Uber can still sustain rapid growth and expand its profit margins while staying competitive in the autonomous-driving ...

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Alibaba’s Small, On-Device Model Gains Traction

Alibaba Group said its new small-size AI model that customers can run on their own personal computers has been downloaded more than 1 million times in just a few days since its release, making it one of the company’s fastest-growing models. Alibaba’s new Qwen3.8-27B, a 27 billion-parameter open-source model that understands text, image and video prompts, can be downloaded for free, and users

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Nvidia Juggles Mixed Messages on Chip Longevity

Nvidia wants customers to buy as many of its next-generation AI chips as possible. It also wants its customers to know their old AI chips will remain valuable for a long time. Can it manage both?Nvidia has been able to grow so quickly because it has convinced big customers to shift almost ...

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Meta Social Media Addiction Trial to Begin

Opening arguments are set to begin Tuesday in a trial in Oakland, Calif. that will assess whether Meta Platforms designed its social media products in ways that have harmed young people. In the lawsuit, attorneys generals for California, Kentucky, Colorado and New Jersey are suing Meta. The plaintiffs allege that Meta’s social media sites, including Instagram, are designed to maximize screen

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Google Outbids Mercor for Spirit Airlines’ Corporate Data

Google won a bankruptcy auction for its internal business data and software code of the collapsed low-cost carrier Spirit Airlines, bidding $10 million and beating a $7.5 million offer from Mercor, a company that pays contractors to train AI models for labs, according to a filing Friday in the US Bankruptcy Court for the Southern District of New York. The assets could help improve its

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Andreessen Horowitz Focus of DOJ Antitrust Probe Over Databricks, Fivetran Board Seats

Andreessen Horowitz is the target of a Justice Department antitrust probe over its board seats at competing AI companies, Bloomberg reported. The investigation, which has been going on for almost a year, started around the same time as the agency’s review of Fivetran’s acquisition of dbt Labs , a merger first reported by The Information. Partner Martin Casado served on the board of dbt Labs

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Nvidia, OpenAI and SoftBank Finalize Deal For Massive Ohio Data Center Project

Nvidia, OpenAI and SB Energy confirmed plans to team up on a massive data center in southern Ohio for which Nvidia will provide credit guarantees and OpenAI will commit to a 20-year lease. The project, at the PORTS-Pike Technology Campus in Pike County, Ohio, will exclusively house Nvidia hardware, the companies said in a statement Monday. As part of the deal, Nvidia will invest $1.5 billion

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Stripe Finalizes $7 Billion-Plus Deal for OpenRouter

Stripe has finished a deal to spend more than $7 billion on OpenRouter, a startup that helps developers switch between AI models. The price tag is significantly higher than the $1.3 billion valuation OpenRouter received months ago, a reflection of the high demand for its technology at a time of increasing concern around AI spending. OpenRouter had raised money from prominent investors,

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Tesla Studied Lamborghini Sports Car and Lockheed Spyplane for New Roadster Development

The Roadster Tesla unveils later this year will look different from the sports car the company first showed off almost a decade ago. The company has explored several different designs since 2017, including designs reminiscent of a Lamborghini Countach and a Lockheed SR-71 Blackbird aircraft, The Information reported. The hypercar has been delayed at least eight times since Tesla unveiled a

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Nvidia Nears Deal to Guarantee Roughly $100 Billion in Credit for OpenAI

Nvidia is close to finalizing a deal that would provide about $100 billion in credit support for OpenAI’s plan to lease a giant Ohio data center, The Information reported . The figure is lower than an earlier report in the Wall Street Journal that it could backstop $250 billion for the project that could cost more than $500 billion. One person with knowledge of the backstop talks told The

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Nvidia in Talks to Invest $3 Billion in SB Energy

Nvidia is in talks to invest as much as $3 billion in SB Energy, the Softbank Group-backed developer of a massive planned Ohio data center project for OpenAI, The Information reported . Nvidia has discussed investing half of the $3 billion when a deal for the Ohio project is signed and the other half as part of SB Energy’s planned initial public offering next month. It is part of Nvidia’s

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Exclusive: Key OpenAI Sales Executive Kaylin Voss Resigns

OpenAI’s vice president sales in the Americas, Kaylin Voss, resigned, a week after her former boss, Denise Dresser, left the company, according to a person familiar with the matter. Voss had been at OpenAI for just five months. Dresser, who was chief revenue officer, had left after nine months at OpenAI. Like Dresser, Voss had come from Salesforce. Voss was the chief revenue officer of Slack

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