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☆ New ‘supercontinent’ could wipe out humans and make Earth uninhabitable, study suggests
▼ + stars: | 2023-09-26 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +4 min

CNN —The formation of a new “supercontinent” could wipe out humans and all other mammals still alive in 250 million years, researchers have predicted. They found it would be extremely hot, dry and virtually uninhabitable for humans and mammals, who are not evolved to cope with prolonged exposure to excessive heat. Humans – along with many other species – would expire due to their inability to shed this heat through sweat, cooling their bodies,” Farnsworth added. This grim outlook is no excuse for complacency when it comes to tackling today’s climate crisis, the report authors warned. “While we are predicting an uninhabitable planet in 250 million years, today we are already experiencing extreme heat that is detrimental to human health.

Persons: ” Alexander Farnsworth, ” Farnsworth, Farnsworth, ” Benjamin Mills, Eunice Lo, ” Lo Organizations: CNN, University of Bristol, Nature, University of Leeds Locations: United Kingdom, UN

☆ Conditions on Earth may be moving outside the ‘safe operating space’ for humanity, according to dozens of scientists
▼ + stars: | 2023-09-13 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The scientists analyzed nine interlinked “planetary boundaries,” which they define as thresholds the world needs to stay within to ensure a stable, livable planet. A ‘stark warning’Crossing planetary boundaries does not mean the world has reached a disastrous tipping point. As humanity crosses planetary boundaries, our “bank balance” is going down, she said. The significance of the planetary boundaries model is that it doesn’t analyze climate and biodiversity in isolation, the report authors said. This report is the third update on the planetary boundaries framework.

Persons: ”, Katherine Richardson, Angelos Tzortzinis, Richardson, ” Richardson, Martin Mejia, Simon Lewis, we’ve, Andrew Fanning, Raymond Pierrehumbert, ” Lewis, Stuart Pimm, Doris Duke Organizations: CNN, University of Copenhagen, Cordillera, University College London, University of Leeds, Oxford University, Duke University Locations: Chasia, Athens, AFP

☆ Satellite Data Yields Clues to Morocco’s ‘Blind Earthquake’
▼ + stars: | 2023-09-12 | by ( Maya Wei-Haas | ) www.nytimes.com time to read: +1 min

Just before sunrise on Monday, a satellite peered down on regions of Morocco that had been damaged by an earthquake Friday night. The data it gathered from 430 miles above Earth is offering scientists critical clues that will help unravel the mechanics behind the quake, including pinning down the specific fault that ruptured. Key data came from Sentinel-1a, one of a group of satellites launched by the European Space Agency that pass around the Earth every 12 days, mapping out the surface. The satellite relies on radar to measure tiny shifts in the ground toward or away from the orbiting craft, said Tim Wright, a geophysicist at the University of Leeds in England. The technique is known as InSAR and allows scientists to compare the data collected before and after the quake to assess the three dimensional movement of the land around a fault with almost millimeter accuracy.

Persons: Tim Wright, Judith Hubbard, Kyle Bradley Organizations: Sentinel, European Space Agency, University of Leeds, Cornell University Locations: Morocco, England

☆ Fact Check-US cities did not sign a WEF treaty to ban meat, dairy and cars
▼ + stars: | 2023-09-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

No cities in the United States have signed a treaty banning meat, dairy and personal cars by 2030, as suggested in a circulating headline that falsely links a report on voluntary climate goals to the World Economic Forum, which is not affiliated with the report. While the analysis does not advocate banning private cars, it similarly calculates that reducing car ownership and increasing vehicle lifespans could cut emissions by 23% (pp 84-86). The C40 Cities group describes itself as a "global network of mayors of the world's leading cities that are united in action to confront the climate crisis” (www.c40.org/). The group is not affiliated with the WEF and receives no funding from the Forum, according to a list of C40 funders. The report by C40 Cities and collaborators cited in the article does not advocate a ban on meat, dairy and cars and is not a treaty, not legally binding and not affiliated with the WEF.

Persons: Yann Zopf, Read Organizations: Economic, Urban, University of Leeds, Arup, People’s, Reuters, C40 Locations: United States

REUTERS/Brendan McDermid Acquire Licensing RightsSept 6 (Reuters) - GameStop (GME.N) on Wednesday beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss, buoyed by strong demand for videogames, collectibles and consoles. The company's shares rose nearly 6% in extended trading as the results indicated that efforts to boost its digital presence were paying off. Sales of software and collectibles contributed to about 49% of total revenue in the second quarter, the company said. Revenue rose about 2% to $1.16 billion for the quarter ended July 29, GameStop said, topping estimates of $1.14 billion, according to three analysts polled by LSEG. On an adjusted basis, GameStop lost 3 cents per share, compared with analysts' estimates of a loss of 14 cents.

Persons: Brendan McDermid, Ryan Cohen, John Oh, Akash Sriram, Sriraj Organizations: GameStop, New York Stock Exchange, REUTERS, Wednesday, Wall, Gamers, Activision, Arts, LSEG, Thomson Locations: New York City, U.S, Bengaluru

☆ Rewild the Run: ‘Rewilding’ shoes can help restore nature as you run
▼ + stars: | 2023-08-11 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

CNN —What if you could help nature by simply going out for a run? That’s the idea behind Rewild the Run, a 3D-printed shoe outsole that fits over regular sneakers. The hope is that by spreading seeds, shoes fitted with the outsole could help with rewilding, a form of nature restoration that enables the environment to take care of itself, with reduced human intervention. “How will these shoes distinguish between the seeds of native and non-native plant species?”Carver is skeptical about the principle of urban rewilding itself. She also shares the vision of rewilding taking place at scale and by giving nature space, and says that would be the ideal in cities such as London.

Persons: It’s, ”, Kiki Grammatopoulos, “, Tom Mannion, Grammatopoulos, George de Mestral, cockleburs, IVN, Thomas Heatherwick, ROSLAN RAHMAN, David Fielding, Shirley Rodrigues, Ralph Fyfe, Fyfe, ” Fyfe, Stephen Carver, ” Carver, Carver, wilder, ” Grammatopoulos Organizations: CNN, Central Saint Martins, Environmental Education, Heatherwick, Singapore, Getty, Force, Enfield, Geospatial, University of Plymouth, University of Leeds Locations: London, Velcro, Netherlands, Nottingham, England, AFP, London's, rewilding

REUTERS/Mike Blake/File PhotoAug 9 (Reuters) - Lyft's shares tumbled more than 7% on Wednesday as investors feared the ride-hailing platform's focus on competitive pricing to gain market share would muddy its path to profitability. Lyft (LYFT.O) said on Tuesday it expects an operating profit of $75 million to $85 million for the third quarter. At least seven analysts cut their price targets on Lyft's shares and more than nine downgraded the stock, while two upgraded it. Median target price for the stock is $11, according to Refinitiv data. Lyft's stock suffers as post-pandemic recovery faltersReporting by Akash Sriram in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Uber, Mike Blake, Jake Fuller, Morningstar, Ali Mogharabi, Dara Khosrowshahi, Akash Sriram, Saumyadeb Chakrabarty, Shounak Organizations: Los Angeles International, REUTERS, Reuters Graphics Reuters, Thomson Locations: California, Los Angeles , California, U.S, North America, Bengaluru

A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. The Elon Musk-led firm did not specify a reason for the departure of Kirkhorn, who has been with Tesla for 13 years. He will remain with the company through the end of the year to aid a smooth transition. Taneja, 45, joined Tesla after the automaker acquired SolarCity in 2016. Musk currently leads SpaceX, Neuralink, the Boring Company and is chief technology officer at social media platform X, formerly known as Twitter.

Persons: Thomas Peter, Zachary Kirkhorn, Taneja, Elon, Kirkhorn, Tesla, Deepak Ahuja's, Musk, Elon Musk, Gene Munster, Akash Sriram, Savio D'Souza, Arun Koyyur Organizations: REUTERS, LinkedIn, Elon, Deepwater Asset Management, Wall Street Journal, SpaceX, Neuralink, Boring Company, Twitter, Thomson Locations: Beijing, China, Austin , Texas, Bengaluru

REUTERS/Brendan McDermid/File photoAug 4 (Reuters) - Nikola (NKLA.O) on Friday named its fourth CEO in as many years as the electric truck maker navigates a host of challenges including dwindling cash reserves, lingering supply chain snags and a pivot to hydrogen fuel cell technology. The Tre battery-electric trucks maker forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Nikola's investors approved a proposal that will allow the truck maker to issue more shares to raise funds. Milton stepped down as CEO in 2020 after short-seller Hindenburg issued a scathing report that labeled Nikola a "fraud." Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.

Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Trevor Milton, Milton, Hindenburg, Romeo Power, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, EV, Lordstown Motors, Thomson Locations: New York City, U.S, Phoenix , Arizona, Bengaluru

The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors (RIDEQ.PK), which filed for bankruptcy in June. Companies including Lucid (LCID.O) and Nikola (NKLA.O) are likely to report another quarter of steep cash burn, as they continue to struggle with production and demand. Nikola, which reiterated a going-concern warning in May, is expected to report a 15% decline in revenue and widening losses on Friday. Its shares have rallied nearly 40% this year as the company attempts to reduce its cash burn with layoffs and the liquidation of a recently acquired battery business. But the company missed its production target in the quarter due to a parts shortage.

Persons: Thomas Peter, Tesla, Nikola, Thomas Hayes, Hayes, Needham, Chris Pierce, Akash Sriram, Sayantani Ghosh, Devika Organizations: REUTERS, Ford, Lordstown, Rivian, Visible Alpha, Saudi Arabia's Public Investment Fund, Thomson Locations: Beijing, China, Bengaluru

The San Francisco-based company's shares rose about 4% in premarket trading, while rival Lyft's shares increased 2%, as Uber also reported a surprise second-quarter profit. However, Uber reported second-quarter revenue of $9.23 billion, missing analysts' estimates of $9.33 billion, according to Refinitiv IBES data, as a weak freight market pinches. Trips across Uber's markets during the quarter grew 22% to 2.3 billion, representing an average of 25 million trips per day. Uber reported a profit of 18 cents per share in the second quarter, while analysts were expecting a loss of 1 cent per share. The company's quarterly net profit of $394 million included a $386 million pre-tax benefit due to unrealized gains stemming from the revaluation of Uber's equity investments.

Persons: Uber, Dara Khosrowshahi, Nelson Chai, Lyft, Khosrowshahi, Gross, Akash Sriram, Peter Henderson, Shounak Organizations: Technologies, Reuters Graphics Reuters, Thomson Locations: San Francisco, United States, U.S, Canada, Bengaluru

☆ How New Zealand's plan for English and te reo Māori road signs took an unexpected turn
▼ + stars: | 2023-07-29 | by ( Chris Lau | ) edition.cnn.com time to read: +12 min

But plans to introduce bilingual road signs featuring both the English and te reo Maori languages have sparked a divisive, racially charged debate ahead of the country’s looming general election. Slightly less than a quarter of New Zealand’s 892,200 Maori speak te reo Maori as one of their first languages, according to the latest government data. Part of the reason that te reo Maori is not so widely spoken is that back in New Zealand’s colonial era there were active efforts to stamp it out. The Native Schools Act 1867 required schools to teach in English where possible and children were often physically punished for speaking te reo Maori. “The primary objective of these standards is to guarantee that all road signs are unambiguous, uniform, and legible to all,” he said.

Persons: Simeon Brown, Chris Hipkins, “ I’m, ”, Marty Melville, Awanui Te, Tania Ka’ai, “, ” Ka’ai, –, Kasem Choocharukul, Kasem, Huw Fairclough, James Griffiths ,, Puakea Nogelmeier, Nogelmeier Organizations: CNN, reo, Zealand, Waka, NZ Transport Agency, New, National, Labour Party government, National Party, Labour, Getty, Native, Victoria University of Wellington, Zealanders, The International, Language, Auckland University of Technology, Chulalongkorn University, Research, University of Leeds, Wales –, New Zealand, Welsh, Welsh Language Society, Gaelic, Constitutional Convention, Hawaiian, University of Hawaii, Hawaii’s Department of Transportation, Wales Locations: Aotearoa, Wellington , New Zealand, AFP, New, New Zealand, Zealanders, Wales, United Kingdom, Thailand, Tredegar , Wales, Republic of Ireland, Hawaii, Olelo Hawai’i, Llanfair, Anglesey, Europe, Hawke’s

☆ Even OpenAI's own detection service can't tell AI-generated work apart — the company quietly took it down over accuracy concerns
▼ + stars: | 2023-07-26 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI quietly removed its tool for detecting writing generated by AI, citing accuracy concerns. Fears of students using generative AI like ChatGPT to cheat have driven some schools to ban its use. Experts told Insider ChatGPT exacerbates underlying issues in education — like excessive testing and formulaic essays. OpenAI, the creator of viral chatbot ChatGPT, has quietly scuppered a tool that detects AI-generated text, citing accuracy concerns. Rebecca Tan, a lecturer at the National University of Singapore, told Insider that educators are adapting to a reality where generative AI is widely available.

Persons: OpenAI, —, Rebecca Tan, Turnitin, Leah Henrickson Organizations: National University of Singapore, Washington Post, Times Higher Education, USA, Turnitin, University of Leeds

☆ Fact Check-World Economic Forum did not say everyone will wear uniforms by 2030
▼ + stars: | 2023-07-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

“WEF Says Fashion Will Be Abolished by 2030: ‘Humans Will All Wear a Uniform’” reads the headline circulating on Twitter (here) and Facebook (here), (here). The online claims misconstrue a report by a WEF partner, which presents analyses of cutting emissions by reducing clothing purchases, among other measures, but does not mention abolishing fashion or the wearing of uniforms. Arup is a WEF “partner,” which Yann Zopf, a spokesperson for WEF, said is what the organization calls its members (www.weforum.org/partners). A C40 Cities spokesperson said in an email: “The report is an analysis of consumption-based emissions in C40 cities, not a plan for cities to adopt. A report analyzing voluntary changes that cities could make to reduce emissions was not produced by the WEF and does not call for everyone to wear uniforms.

Persons: “ WEF, misconstrue, Arup, Yann Zopf, ” Zopf, WEF, Read Organizations: World Economic, Twitter, Facebook, Arup, University of Leeds, Reuters

July 17 (Reuters) - Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic outlook, a report by venture capital firm Space Capital showed. The April-June period saw $6 billion in investments in 91 firms, compared with $2.2 billion in the previous three months and $5.9 billion a year earlier, the report, released on Monday, stated. That marks a big improvement from declines of 53% and 52% in the first quarter and 2022, respectively. "The era of free money is over and companies are beginning to adapt to this new normal," Space Capital said, adding that the pickup in financial markets has helped the space industry. Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Chad Anderson, Akash Sriram, Jaspreet Singh, Pooja Desai Organizations: Space, Reuters, Federal, Nasdaq, Thomson Locations: Bengaluru

Tesla's earnings on Wednesday are expected to show its gross profit margin declined to 18.9% in the second quarter, according to 19 analysts polled by Visible Alpha. "Tesla's market share for the EV segment is likely to decline over time," said Morningstar analyst Seth Goldstein said. "However, I think the more appropriate metric to look at is Tesla's total auto market share, which continues to grow as they continue to grow deliveries." Reuters GraphicsCHARGING AHEADAs EV sales slow, Tesla has been moving aggressively to capture a larger share of the U.S charging market in a bid to diversify its revenue. Piper Sandler estimates Tesla's revenue from its charging network to hit $9.65 billion in 2032, with more than half the sales coming from EVs made by other carmakers using its network.

Persons: Elon, Tesla, Vitaly Golomb, Seth Goldstein, Piper Sandler, EVs, Akash Sriram, Aditya Soni, Vinay Dwivedi Organizations: stoke, Ford, Visible Alpha, Reuters, Reuters Graphics, General Motors, Thomson Locations: BYD, China, U.S, Bengaluru

☆ A Wharton professor says a new $20 ChatGPT tool can code and make graphs 'in seconds'. These tasks took him weeks to master during his doctorate.
▼ + stars: | 2023-07-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

ChatGPT's new Code Interpreter tool was released to paying customers on 7 July. A Wharton professor said: 'Things that took me weeks to master in my Ph.D. were completed in seconds' by the tool. Even without Code Interpreter, ChatGPT already had some code-writing abilities. ChatGPT-creator OpenAI released Code Interpreter to Plus subscribers on July 7. Even without Code Interpreter, ChatGPT already had some code-writing abilities.

Persons: Wharton, ChatGPT, Ethan Mollick, Mollick, OpenAI, Insider's Aki Ito, Sarah Silverman —, Sam Altman, Peter Tennant Organizations: University of Leeds, Turing

☆ World hits record land, sea temperatures as climate change fuels 2023 extremes
▼ + stars: | 2023-06-30 | by ( David Stanway | ) www.reuters.com time to read: +5 min

Sea temperatures also broke April and May records. Global average sea surface temperatures hit 21C in late March and have remained at record levels for the time of year throughout April and May. Australia's weather agency warned that Pacific and Indian ocean sea temperatures could be 3C warmer than normal by October. Though this year's high sea temperatures are caused by a "perfect combination" of circumstances, the ecological impact could endure, she said. The Worldwide Fund for Nature, however, warned of a "worrying lack of momentum" during climate talks in Bonn this month, with little progress made on key issues like fossil fuels and finance ahead of November's COP28 climate talks in Dubai.

Persons: Cpl Marc, Andre Leclerc, Kerry, Sarah Perkins, Kirkpatrick, Piers Forster, El Nino, Annalisa Bracco, Li Shuo, John Kerry, Li, David Stanway, Ali Withers, Gloria Dickie, Jamie Freed Organizations: Canadian Forces, REUTERS, EU, Australia's University of New, U.S ., World Meteorological Organization, El Nino, University of Leeds, Georgia Institute of Technology, DUBAI, The, Nature, Thomson Locations: Mistissini, Quebec, Canada, Beijing, SINGAPORE, Bonn, Australia's University of New South Wales, United States, North America, U.S . East Coast, India, Spain, Iran, Vietnam, Paris, 1.5C, California, Africa, November's, Dubai, China, Copenhagen, London

☆ Climate nears point of no return as land, sea temperatures break records, experts say
▼ + stars: | 2023-06-30 | by ( David Stanway | ) www.reuters.com time to read: +5 min

Persons: Kerry, Sarah Perkins, Kirkpatrick, Piers Forster, El Nino, Annalisa Bracco, Li Shuo, John Kerry, Li, David Stanway, Ali Withers, Gloria Dickie, Jamie Freed Organizations: EU, Australia's University of New, U.S ., World Meteorological Organization, El Nino, University of Leeds, Georgia Institute of Technology, DUBAI, The, Nature, Thomson Locations: Beijing, SINGAPORE, Bonn, Australia's University of New South Wales, United States, North America, Canada, U.S . East Coast, India, Spain, Iran, Vietnam, Paris, 1.5C, California, Africa, November's, Dubai, China, Copenhagen, London

June 8 (Reuters) - GameStop (GME.N) sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer's ailing business. The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen's appointment as the executive chairman of a company that he turned into a favorite of meme-stock traders with promises of a digital pivot. Over the last 5 years, GameStop has had 5 CEOs and 3 CFOs." The company's shares have dropped nearly 80% from the $120.75 peak they hit during that meme-stock saga of 2021. "The lack of a clear direction and the callous termination of Furlong all but ensures Cohen will have difficulty attracting a qualified replacement."

Persons: Matt Furlong, Ryan Cohen's, Andrew Uerkwitz, Jefferies, Michael Pachter, Furlong, Cohen, Akash Sriram, Devika Organizations: GameStop, Wedbush Securities, Thomson Locations: Bengaluru

☆ A ‘Dirty’ Job That Few Want: Mining Companies Struggle to Hire for the Energy Transition
▼ + stars: | 2023-06-01 | by ( Yusuf Khan | ) www.wsj.com time to read: +10 min

Despite their part in the energy transition, mining companies face a perception of being in a “dirty” industry thanks to a legacy of mining disasters and accusations of worker exploitation and sexual assault. Canada’s mining and mineral-engineering enrollment was down 10% in 2020 compared with 2016, according to Canada’s Mining Industry Human Resources Council. SHARE YOUR THOUGHTS What message should mining companies deliver to young workers to attract them to the industry? Mining companies also face accusations of exploitation of local workforces. She hopes that younger workers will help mining companies evolve, taking on more social responsibility and improving their mining practices.

Persons: Lily Dickson, Mawson, ”, Alex Gorman, Peel Hunt, Rohitesh Dhawan, Alex Gorman “, Gorman, “, Haydon Mort, Stacy Hope, Cole Burston, Hope, Codelco, Centamin, Martin Horgan, Mort, Geologize, Jamie Kelsey Fry, Dickson, Yusuf Khan Organizations: University of Leeds, Leeds, Rio Tinto, McKinsey, U.S . National Center for Education Statistics, Canada’s Mining, Resources Council, Peel, International Council, Mining, Metals, Tinto, of Labor Statistics, Australian Bureau, Statistics, Geologize Ltd, BHP, . Workers, Bloomberg, Codelco, Chilean, Walmart, Recruiting, Centamin, Sustainable Business, “ Locations: Finland, Vancouver, Europe, U.S, Australia, Rio, South Africa, Lily Dickson Canada, Botswana, “, Saharan Africa, Ontario, Canada, Chile, Africa, Congo, Ghana, Zimbabwe, yusuf.khan

May 12 (Reuters) - Elon Musk's appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc (TSLA.O), analysts said on Friday. Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock had its worst year in 2022, losing 65%, amid Musk's on-again, off-again offer for Twitter. Although Twitter has taken much of Musk's time since its takeover, he still actively manages several other businesses such as SpaceX and Neuralink. Musk recently formed an AI company called TruthGPT to take on OpenAI's ChatGPT and Alphabet Inc's (GOOGL.O) Bard.

The company looked set to add nearly $800 million to its market valuation, based on premarket stock prices, after it reiterated its annual production forecast and beat quarterly revenue estimates. Davidson, who was among the 10 analysts that lowered their price target on a stock that has declined 25% this year. Reuters GraphicsNonetheless, the company is expected to benefit from a pullback in commodity prices and easing supply chain issues. "As sagging EV commodity prices, technology improvements, and supply chain loosening positively impact operations, we see a logical path to positive gross margins next year," Canaccord Genuity analysts said. Reporting by Akash Sriram in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

May 9 (Reuters) - Rivian Automotive Inc (RIVN.O) on Tuesday beat Wall Street estimates for quarterly revenue as it sold more higher-priced electric vehicles, and stood by its annual production forecast of 50,000 cars. Amazon-backed Rivian said in March it would sell $1.3 billion in convertible green bonds due in 2029 to shore up its cash balance. Revenue for the quarter ended March 31 stood at $661 million, compared with Wall Street estimates of $652.1 million, according to Refinitiv data. Cash and cash equivalents at the end of the first quarter were $11.24 billion, compared with $11.57 billion, in the preceding three-month period. Rivian's quarterly net loss narrowed to $1.35 billion from $1.59 billion a year earlier.

May 5 (Reuters) - U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Lucid Group (LCID.O) kicks off first-quarter earnings for the group on Monday, with the company expected to report a 36% sequential slide in cash reserves, according to Visible Alpha. Rivian Automotive (RIVN.O), meanwhile, will likely report on Tuesday that its cash balance fell by 6.8% to $10.78 billion from the preceding quarter, per a Visible Alpha estimate. Fisker Inc (FSR.N) and Nikola (NKLA.O), both of which report earnings on Tuesday, are expected to see their cash reserves decline by 5% and 15%, respectively, according to Visible Alpha. Its earnings in an unscheduled release on Thursday showed Lordstown's cash balance fell 11% sequentially.

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