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☆ Transition to next-generation AI chips and 2 other pressing questions ahead of Nvidia's earnings
▼ + stars: | 2024-05-22 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Nvidia's Hopper chips include the H100, which was announced in 2022 and faced severe supply shortages last year as the AI gold rush intensified. Tuesday's AWS news represents a pushout in demand for Nvidia chips, not a loss of it. That would be the so-called "digestion" phase for AI chips that Wall Street has been speculating about since last year. If anything, AWS deciding to wait for the more-powerful Blackwell chips could mean the digestion phase is further out on the horizon than initially thought. Unlike last year, when Nvidia's chips were in such short supply, there are now rival chips out there, such as AMD's MI300X, which is angling for a corner of the inferencing market .

Persons: you've, it's, Jim Cramer, Hopper, Blackwell, Nvidia's Hopper, There's, Grace Hopper Superchip, Kimberly Powell, Powell, Jim Cramer's, Jim, Jensen Huang, Justin Sullivan Organizations: Nvidia, Blackwell, Amazon Web Services, CNBC, NVIDIA, AWS, Club, SAP Center Locations: Hopper, Ceiba, San Jose , California

☆ Why Tesla is losing share in Europe
▼ + stars: | 2024-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Tesla is losing share in EuropeJon McNeill, DVx Ventures CEO and former Tesla president, joins CNBC's 'Squawk on the Street' to discuss Tesla's weak Europe sales, the company's competition with China EV makers, CEO Elon Musk's outlook on autonomous vehicles, and more.

Persons: Tesla, Europe Jon McNeill, Elon Organizations: DVx, China EV Locations: Europe

☆ World’s first major law for artificial intelligence gets final EU green light
▼ + stars: | 2024-05-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

European Union member states on Tuesday agreed the world's first major law for regulating artificial intelligence, as institutions around the world race to introduce curbs for the technology. The EU Council said that it reached final approval for the AI Act — a ground-breaking piece of regulation that aims to introduce the first comprehensive set of rules for artificial intelligence. "The adoption of the AI act is a significant milestone for the European Union," Mathieu Michel, Belgium's secretary of state for digitization said in a Tuesday statement. The AI Act applies a risk-based approach to artificial intelligence, meaning that different applications of the technology are treated differently, depending on the threats they pose to society. High-risk AI systems cover autonomous vehicles or medical devices, which are evaluated on the risks they pose to the health, safety, and fundamental rights of citizens.

Persons: Mathieu Michel, Michel Organizations: EU, European Union Locations: Europe

☆ Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
▼ + stars: | 2024-05-21 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.

Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI

CNBC reached out to the SEC about the recent batch of Wells notices sent to crypto firms, and an agency spokesperson declined to comment. Exchanges, both centralized and decentralized, would be forced to choose between registering with the SEC, or delisting ether altogether. watch nowBoth Consensys and Uniswap suggest the SEC's broad approach to classifying securities may be outdated. "The SEC is arguing that the Uniswap protocol is an unregistered securities exchange, and that the Uniswap interface and wallet are both unregistered broker brokers," Ammori said. Uniswap argues in its response to the SEC that the majority of its trading volume is obvious nonsecurities, like ether, bitcoin and stablecoins.

Persons: Marvin Ammori, “ Ammori, Wells, Consensys, overreach, Joseph Lubin, Lubin, “, —, Christopher Gerold, Laura Brookover, Brookover, ethereum, Bill Hinman, Hinman, Patrick McHenry, Gary, Crypto, haven't, Uniswap, Ammori, there's, Alma Angotti, Guidehouse, Coinbase, We've, Christina Rea, We're, CNBC's Jordan Smith Organizations: Securities and Exchange Commission, Uniswap, SEC, Ethereum Foundation, CNBC, Security, New, New Jersey Bureau of Securities, Consensys, Securities, Exchange Commission's, of Corporation Finance, Rep, Robinhood Locations: U.S, Lubin, New Jersey, ethereum, R

☆ Gold earring found in burned Iron Age village may reveal ‘moment in time,’ archaeologists say
▼ + stars: | 2024-05-20 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

The inferno consumed the wooden structure, situated in an Iron Age settlement, killing six animals penned in the stable. The presence of a horse in the stable suggested that these people were wealthier than some of their neighbors, Olesti Vila said. The site provides important insights into the daily lives of Iberian Iron Age populations in the Pyrenees at this pivotal time in history, Arnold said in an email. During the Iron Age, when people lived in wooden homes heated by fires, buildings often accidentally burned. “This is also an indication of some kind of conflict or some kind of violent aggression,” Olesti Vila said.

Persons: Oriol Olesti Vila, Baltarga, Francesc Riart, Olesti Vila, “, weren’t, ”, Bettina Arnold, Arnold, ” Arnold, ” Mindy Weisberger Organizations: CNN, Autonomous University of Barcelona, University of Wisconsin -, Scientific Locations: Iberia, Spain, Tossal, Baltarga, Iron, Hannibal, Roman Republic, University of Wisconsin - Milwaukee, Pyrenees, “, Europe

☆ Billionaire defense entrepreneur Palmer Luckey has a home like a Bond villain's lair — complete with helicopters, a giant fish tank, and an underground missile base filled with video games
▼ + stars: | 2024-05-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's startup Anduril is producing futuristic weapons of war. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe defense tech startup Anduril is making some of the most futuristic autonomous weapons on the market as it tries to reinvent the military's wheelhouse. But the company's forward-thinking vision hasn't stopped founder Palmer Luckey from amassing his own collection of older military-grade vehicles and boy's toys.

Persons: Palmer, James Bond, Luckey, —, hasn't, Palmer Luckey Organizations: Bloomberg, Service, US Navy, Marine Corps, Business

☆ Opinion | Wokeness Is Dying. We Might Miss It.
▼ + stars: | 2024-05-17 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

There is much about that febrile moment worth satirizing, including the white-lady struggle sessions inspired by the risible Robin DiAngelo and the inevitable implosion of Seattle’s anarchist Capitol Hill Autonomous Zone. Bowles dissects both in the book’s best sections. “At various points, my fellow reporters at major news organizations told me roads and birds are racist,” she writes. Exercise is super racist.” Even allowing for 2020’s great flood of social-justice click bait, these are misleading and reductive caricatures. It’s hardly revisionist history, for example, to point out that Interstates were tools of racial segregation.

Persons: Nellie Bowles, George Floyd, Donald Trump’s, ”, “, Robin DiAngelo, Bowles dissects, Tom Wolfe’s “, Joan Didion’s “, It’s Organizations: New York Times, Capitol, Capitol Hill Autonomous Locations: Capitol Hill, Bethlehem

☆ 2024 CNBC Disruptor 50: Einride CEO on the future of autonomous trucking
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 CNBC Disruptor 50: Einride CEO on the future of autonomous truckingEinride CEO Robert Falck, number 19 on the 2024 CNBC Disruptor 50 list, discusses how his company is working to build the world's largest automomous trucking network.

Persons: Robert Falck Organizations: CNBC

1s ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 Two bar charts: one for the Beatles, one for Taylor Swift. 30 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 ‘Fearless’ ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ ‘1989 (Taylor’s Version)’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES A grid of 10 Michael Jackson albums covers transitions into charts depicting Michael Jackson’s and Taylor Swift’s album sales. 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘... Baby One More Time’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘1989’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Britney Spears and Taylor Swift. 1s ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘Vogue’ (1990) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘This Used To Be My Playground’(1992) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 10 5 ’06 ’24 10 ‘Music’ (2000) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 Two charts show Billboard top hits for Madonna and Swift, over the course of their respective careers. 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘I Am ... Sasha Fierce’ 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘The Tortured Poets Department’ 10 ‘Cowboy Carter’ 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Beyoncé and Taylor Swift, respectively.

Persons: Taylor Swift, Michael Jackson, ”, Swift, Frank Sinatra, Stevie Wonder, Paul Simon, Drake, Billy Joel, Britney Spears, Bruce Springsteen, Elton John, Kareem, Brady, Marino, Harry Potter, TAYLOR, TAYLOR SWIFT, Swift’s, didn’t, Max Martin, John Lennon, Paul McCartney, McCartney, George Harrison, “, Taylor, Jackson, MICHAEL JACKSON, ’, Michael Jackson’s, …, “ Ben ”, —, Jackson’s, Micheal Jackson, It’s, she’s, Department ”, Spears, BRITNEY SPEARS, Spears’s, Madonna, Dick Tracy ”, Evita, I’m, David O, “ Ray, Bob Dylan, John, Springsteen, Elton John Farewell, Bruce Springsteen Springsteen, Elton John’s, Bruce Springsteen’s Springsteen, Madonna’s, it’s, Beyoncé, Georg Solti, Quincy Jones, It's, Madonna didn’t, Judy Garland, Barbra Streisand, Sinatra, — Beyoncé, Sasha Fierce, Carter ’, Carter ”, Cowboy Carter, DRAKE, Kendrick Lamar, they’re, gunning, she’ll Organizations: Poets Department, MetLife, Beatles, “, Marvel, Billboard, TAYLOR SWIFT, U.S, Swift, MTV, Recording Industry Association of America, Department, Vogue, Veterans Touring, Drake, Beyoncé, Beyoncé’s Locations: New Jersey, U.S, Kobe, ”, “, pigtails, Amsterdam, Texas

☆ China's Baidu beats quarterly revenue estimates on ad recovery, cloud
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +1 min

China's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for its AI-powered cloud products. The company, China's largest search engine provider, reported revenue of 31.51 billion yuan ($4.37 billion) for the three months ended March 31, compared to analysts' average estimate of 31.21 billion yuan as per LSEG data. "Baidu Core's online marketing revenue remained stable, while the end-to-end optimization of our AI technology stack continued to propel the growth of our AI Cloud revenue during the quarter," said co-founder and CEO Robin Li in an earnings release. Revenue from Baidu Core, which includes its search-based ad sales, cloud offerings and autonomous driving initiatives, grew 4% to 23.8 billion yuan. Baidu reported adjusted net income of 7 billion yuan for the quarter, beating the analysts' average estimate of 5.57 billion yuan, according to LSEG data.

Persons: ERNIE Bot, Baidu, Robin Li Organizations: Baidu Locations: ZHEJIANG, CHINA

☆ Reddit users are questioning if it's really Keith Gill behind the memes that sparked the latest GameStop rally
▼ + stars: | 2024-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Reddit users this week have been questioning whether Keith Gill was behind Roaring Kitty's recent social media posts. The Roaring Kitty X account started tweeting for the first time in three years on Sunday, sparking a revival in GameStop stock. Reddit users have been speculating and debating the question since Gill's @TheRoaringKitty X account made its first post in three years on Sunday. AdvertisementGill did not reply to a request for comment sent by Business Insider via his other social media accounts. I'm sure we'll the the truth of the matter of who's running the account soon enough," another Reddit user said.

Persons: Keith Gill, Kitty, —, Gill, wasn't, @SCHL0MS, Polymarket, It's, Steve Sosnick Organizations: GameStop, YouTube, Service, Lamborghini, Google, Business, Polymarket, Remilia Corporation, Remilia, Interactive Locations: @TheRoaringKitty

☆ How racing driverless cars is pushing autonomous technology
▼ + stars: | 2024-05-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +5 min

He’s been working on robotics since the 1980s, and he’s surprised by how quickly autonomous technology has advanced. He sees this in his day-to-day work at KUCARS, where researchers are working on everything from autonomous cars and drones to marine, agricultural, and manufacturing robotics. There have been other autonomous car races before, but A2RL’s was the first to include a race between four driverless cars, according to organizers. “But it was good to push the community.”Team Polimove competes during the Abu Dhabi Autonomous Racing League. Pushing the technology to the edgeEfforts to set driverless cars loose on public roads have faced setbacks, especially as the result of collisions with unforeseen obstacles.

Persons: Lakmal Seneviratne, He’s, he’s, A2RL’s, ” Seneviratne, Daniil Kvyat, Amr Alfiky, Reuters ‘, Max Verstappen, TUM, Seneviratne, Polimove, Giuseppe Cacace, Simon Hoffman, ” Hoffman, Uber, Hoffman, ” Organizations: CNN, Netflix, P Global Mobility, Khalifa University Center, Autonomous Robotic Systems, Khalifa University, Abu Dhabi Autonomous Racing League, Reuters, Beijing Institute of Technology, Abu, Marina Circuit, Abu Dhabi Grand Prix, Technical University of Munich, Getty, Yas Marina Circuit, Khalifa University of Science Locations: Abu Dhabi, KUCARS, Yas

☆ Baidu’s robotaxi unit expects to turn profitable next year
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue. Baidu on Wednesday announced Apollo's 6th generation robotaxi will cost around 200,000 yuan ($28,169) — or less than half that of the prior generation, the company said. Others in the auto industry remain more skeptical about fully driverless cars, which require broad regulatory approval in order to operate.

Persons: Elon Musk, Apollo, Baidu, Brian Gu Organizations: Baidu, Wednesday, China Securities Regulatory Commission, Xpeng Locations: Beijing, SHANGHAI, Wuhan, China

☆ YouTube blocks videos of Hong Kong protest song after local court order
▼ + stars: | 2024-05-15 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

CNN —YouTube has blocked access to a popular protest song in Hong Kong, a week after a court in the city granted a government request to ban the anthem. The ballad contains lyrics that reference the phrase “liberate Hong Kong, revolution of our times,” a protest slogan that was already outlawed in 2020. The Hong Kong government and courts had said the phrase had secessionist and subversive connotations. CNN has reached out to the Hong Kong Department of Justice for comment. Hong Kong was promised key freedoms and autonomy to run its own affairs after it was handed over from British rule to China in 1997.

Persons: We’ll, ”, Hong Kong ”, Jeff Paine, Paul Lam, Hong Kong, Hong Kong’s Organizations: CNN, YouTube, Google, ” CNN, Spotify, Hong, Asia Internet Coalition, Meta, Hong Kong Department of Justice, Hong Kong, “, Volunteers, ”, Hong Kong’s Department of Justice Locations: Hong Kong, Beijing, Hong, China

☆ One auto stock is quietly breaking out as Tesla struggles. Citi sees a double from here
▼ + stars: | 2024-05-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts think General Motors will emerge as a bright spot in an automobile industry challenged by a weakening electric vehicle market. But Wall Street firms including Citigroup and Bank of America now think General Motors can strengthen its position in EVs. GM TSLA YTD mountain General Motors stock has outpaced Tesla in 2024. The bank has a buy rating on General Motors with a $96 per share price target, implying 113% upside from Monday's $45.17 close. Murphy's $75 per share price target implies 66% upside over the next 12 months.

Persons: Tesla, Itay Michaeli, John Murphy, GM's, Murphy, Ryan Brinkman Organizations: EV, Elon, Citigroup, Bank of America, General Motors, GM, Wall, Citi, JPMorgan Locations: EVs

☆ Low-cost, high-volume, smarter systems will determine success in warfare moving forward: Anduril CEO
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLow-cost, high-volume, smarter systems will determine success in warfare moving forward: Anduril CEOBrian Schimpf, Anduril CEO, joins 'Closing Bell Overtime' to talk making the CNBC Disruptor 50 list, autonomous defense tech, working with the U.S. military, integrating AI into warfare and defense, and much more.

Persons: Brian Schimpf Organizations: CNBC, U.S .

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ Waymo and Zoox are under federal investigation as self-driving cars behave erratically
▼ + stars: | 2024-05-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —The National Highway Traffic Safety Administration is investigating two autonomous driving companies following incidents in which the vehicles behaved erratically and sometimes disobeyed traffic safety rules or were involved in crashes. The investigations involve Waymo, the self-driving technology subsidiary of Google’s parent company Alphabet, as well as Zoox, the autonomous vehicle subsidiary of Amazon. In cases where the human driver was present, the Waymo vehicle’s autonomous driving system was shut off moments before a collision. NHTSA is also investigating self-driving vehicles operated by Zoox, the autonomous technology subsidiary of Amazon. In one case, a motorcyclist was slightly injured in the crashes, in the other a Zoox safety driver was hurt.

Persons: “, Waymo, Zoox braked, ”, Cruise Organizations: CNN, Traffic, Administration, Amazon, NHTSA, Zoox, Toyota Highlanders Locations: Waymo

☆ US regulators probe Amazon-backed Zoox after 2 of its cars unexpectedly braked and caused crashes
▼ + stars: | 2024-05-13 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAnother self-driving car company is facing an investigation over safety concerns. Related storiesZoox is the latest company to face questions from regulators over the safety of its self-driving technology. Zoox unveiled its first electric robotaxi in 2020, a "carriage-style" vehicle without a steering wheel. The company has been testing it in California, with the ambition of launching an autonomous ride-hailing service in the future.

Persons: —, Tesla, Elon, Cruise, General Motors —, Zoox Organizations: Service, Traffic Safety Administration, Amazon, Reuters, Business, Toyota, NHTSA, General, Zoox Locations: California

☆ Australia and US unveil undersea drones Ghost Shark and Manta Ray
▼ + stars: | 2024-05-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.

Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, ”, Tanya Monro, Emma Salisbury, “, ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, –, Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, “, US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton

☆ Amazon's Zoox under investigation by NHTSA after two robotaxi crashes
▼ + stars: | 2024-05-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

U.S. safety regulators have opened a probe into Amazon -owned robotaxi venture Zoox after two of its autonomous SUVs braked suddenly and were rear-ended by motorcyclists. In both cases, motorcyclists collided into the Zoox vehicles, which led to minor injuries. NHTSA said it confirmed each of the Zoox cars were operating in autonomous mode when the incidents occurred. Both of the collisions took place during the daytime and within the operational design limits of Zoox's autonomous system. Last March, the agency said it would investigate Zoox's self-certification in 2022 that its robotaxi met federal safety standards.

Persons: braked, Zoox Organizations: Toyota, Amazon.com, Consumer Electronics, Traffic Safety Administration, Toyota Highlanders, NHTSA, Amazon Locations: Las Vegas , Nevada, crosswalks, Zoox, Foster City , California

☆ GM’s self-driving car unit restarts testing on public roads
▼ + stars: | 2024-05-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Cruise, General Motors’ autonomous driving technology subsidiary, will start taking its self-driving vehicles out on public roads again this week. The company had stopped testing last October following an incident in San Francisco in which a pedestrian was badly injured. Last October, a Cruise self-driving car, with no one inside, hit a pedestrian after the person had first been struck by another vehicle. After striking the pedestrian, the Cruise vehicle attempted to pull off to the side of the road to avoid causing an obstruction. About two days later, Cruise announced it was halting all operations nationwide while it investigated the incident and the company’s response to it.

Persons: CNN — Cruise, ”, Cruise, Quinn Emanuel Urquhart, Sullivan, ” Cruise, “ Organizations: CNN, Motors, Cruise, California Department of Motor Vehicles Locations: San Francisco, Phoenix , Arizona

☆ Tesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, 'Big Short' investor says
▼ + stars: | 2024-05-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and AI is a distraction from its "falling apart" core business, he told CNBC. AdvertisementTesla's stock is cruising toward a steep correction, and will see a drop-off that even new tech initiatives can't steer around, investor Danny Moses told CNBC. The Moses Ventures founder revealed a Tesla short last year, sparked by a frustration over CEO Elon Musk's purchase of X, formerly Twitter. While Moses holds Tesla as his primary short, he touted a separate autonomous driving firm called Wayve.

Persons: Danny Moses, Moses, —, Tesla, Elon Musk's, Bill Gates Organizations: CNBC, DOJ, Service, Moses Ventures, Elon, Department of Justice, Nvidia

☆ 'Big Short' trader Danny Moses is still betting against Tesla, says core business is 'falling apart'
▼ + stars: | 2024-05-12 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Tesla shares are still vulnerable to a big decline ahead, according to investor Danny Moses of "The Big Short" fame . Even with the electric-vehicle maker's stock down 32% so far this year, Moses is sticking with his Tesla short. "Everything is kind of falling apart in their core business," the Moses Ventures founder told CNBC's " Fast Money " on Thursday. Moses, who is known for successfully betting against the housing market before its 2008 implosion, had the $50 short on Tesla last November, too. Moses expects Wayve, an autonomous driving company, to emerge as a serious competitor to Tesla.

Persons: Danny Moses, Moses, CNBC's, Elon Musk, Tesla, Wayve, CNBC's Anna Gleason Organizations: Moses Ventures, Tesla, Nvidia, Microsoft Locations: Wayve

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