Patrick Morrisey, VP of corporate communications at GM, told TechCrunch that the reduction in spending is still in effect, despite today’s capital infusion.
In total, Cruise has already raised over $15 billion, per Crunchbase data.
In October, a Cruise robotaxi ran over and dragged a pedestrian 20 feet in San Francisco.
The pedestrian had initially been hit by a human-driven car and landed in the path of a Cruise robotaxi.
In other states where AV companies don’t need to acquire permits, Cruise is already making a comeback.
But confirming the source of the alleged data theft has proven inconclusive, such is the nature of the data broker industry, which gobbles up individuals’ personal data from disparate sources with little to no quality control.
But this alleged breach of a data broker appears to be an outlier, in part because some of the data appears genuine and some already verified.
The proliferation and commoditization of personal data across the data broker industry also makes it more challenging to identify the source of data leaks.
And even if this particular data breach remains unsolved, it shows once more that the data broker industry is out of control and poses real privacy issues to ordinary people.
We couldn’t definitively solve the mystery of this data breach, but there was enough there to detail our verification efforts.
Who would have thought that Raspberry Pi, the maker of cheap, single-board computers, would become a public company?
It means that Raspberry Pi could end up raising more than $200 million during its IPO process.
If you’re looking to buy Raspberry Pi shares as a retail investor, this isn’t possible just yet.
Raspberry Pi Ltd, the public company, is the commercial subsidiary of the Raspberry Pi Foundation.
Arm previously announced that it intended to increase its stake in Raspberry Pi with the public listing.
The self-driving technology company announced Wednesday plans to begin testing in Austin and Miami this summer.
Earlier this week, the National Highway Traffic Safety Administration requested more information from Zoox to aid its probe into rear-end crash risks posed by unexpected braking.
Zoox also didn’t say when it aims to remove the safety driver or begin commercial operations in Austin or Miami.
The plans to test in Austin and Miami come as Zoox gears up for its first commercial launch.
The company won’t be testing those vehicles on public roads in Austin or Miami, just yet.
Google’s newest startup program, announced on Wednesday, aims to bring AI technology to the public sector.
The newly launched “Google for Startups AI Academy: American Infrastructure” will offer participants hands-on training from AI experts and other support for companies solving problems in areas like agriculture, energy, education, public safety, healthcare, telecommunications, transportation, urban development, and more.
Over the course of twelve weeks, startups participating in the equity-free program will be guided by an AI curriculum developed by Google’s People + AI Research (PAIR) team and will participate in advanced sales and go-to-market workshops.
They’ll also be able to access industry connections and, of course, tap into Google’s AI tools as they build.
While much focus is on the AI companies building the models, tools, and interfaces for working with AI, a focus on real-world applications of the technology could impact communities at the local, state, and national levels, Google believes.
Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the New York stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as an alternative path to capital needed to fund growth.
While Serve’s debut in the public markets comes from a reverse merger and not a SPAC, the two alternate paths to IPO are not too dissimilar.
However, Serve Robotics said it’s expecting enormous growth fueled by money generated by going public.
“I never thought that I would start a robotics company and then be in the ads business,” said a tired, but excited, Kashani in a phone interview minutes before the bell rang.
Upon the closing of the merger, Uber held a 16.6% stake and Nvidia an 14.3% stake in Serve, according to regulatory filings.
Gemini 1.5 Pro, Google’s most capable generative AI model, is now available in public preview on Vertex AI, Google’s enterprise-focused AI development platform.
Gemini 1.5 Pro launched in February, joining Google’s Gemini family of generative AI models.
Gemini 1.5 was incredibly able to find the specific perfect 50 dunk and details from just its long context video understanding!
Gemini 1.5 Pro doesn’t process a million tokens at the snap of a finger.
Google previously said that latency is an area of focus, though, and that it’s working to “optimize” Gemini 1.5 Pro as time goes on.
Indian ride-hailing giant Ola is shutting down its operations in the UK, Australia and New Zealand, six years after expanding to international markets as it shifts focus to shoring up its domestic business ahead of an initial public offering.
An Ola spokesperson told TechCrunch that the SoftBank-backed ride-hailing startup sees “immense opportunity for expansion in India,” where it operates in hundreds of cities and offers a range of transportation options, including two-wheelers.
“With this clear focus, we’ve reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand,” the spokesperson added.
The startup plans to file for an initial public offering after the public listing of Ola Electric, the leading electric two-wheeler brand in India that spun out of Ola.
Ola Electric is looking to raise $662 million from its IPO in India, according to paperwork it filed late last year.
Mobile gadget and bag maker Targus says it is experiencing a “temporary interruption” to its business operations following a cyberattack on Friday.
In a notice with regulators on Monday, Targus’ parent company, B. Riley Financial, said it discovered “a threat actor gained unauthorized access to certain of Targus’ file systems,” and shut down much of its network to isolate the incident.
“The incident has been contained and Targus systems recovery efforts are in process,” the statement said.
B. Riley acquired Targus in a 2022 deal worth approximately $250 million.
When reached by email, a spokesperson for B. Riley did not immediately comment.
India’s largest audio and wearables brand BoAt is investigating a possible data breach after hackers advertised a cache of alleged customer data online.
A sample of alleged customer data was uploaded on a known cybercrime forum, which includes full names, phone numbers, email addresses, mailing addresses and order numbers.
In a statement emailed to TechCrunch, BoAt said it was investigating the matter but did not disclose specifics.
At BoAt, safeguarding customer data is our top priority,” the company said.
The brand, however, postponed its public listing plans later, after seeing a slowdown in the public market.
