VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
Zeekr tops IPO goal to raise $441 million
The listing by EV upstart Zeekr is the biggest by a China-based company in the U.S. since Didi Global’s $4.4 billion IPO almost three years ago......»»
BP keen to buy Tesla supercharging sites for U.S. expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network......»»
4 big takeaways from Rivian"s Q1 earnings report
Rivian reported a $1.45 billion net loss in the first quarter, higher than a year earlier. But it also laid out a roadmap for slashing production costs and launching a more affordable EV in 2026......»»
When choosing co-founders, entrepreneurs have a gender gap
One of the most important decisions an entrepreneur can make when launching a business is choosing the right co-founder. Should compatible personalities guide the choice? Or should the priority be someone who brings resources to the startup? How do e.....»»
Researchers map out anatomy of wooden breast syndrome in broiler chickens
Each year, Delaware farms raise more than 240 million broiler chickens, the top agricultural commodity in the state with a $3.5 billion impact on the state's economy......»»
Forgepoint Capital boosts Nudge Security’s seed round
Nudge Security announced new funding from Forgepoint Capital, which joins Ballistic Ventures in bringing the fast-growing startup’s seed funding to $16.5 million. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Securi.....»»
GM tries to lure Tesla’s jilted interns during mass downsizing
General Motors Co. hopes to take advantage of Tesla Inc.’s downsizing, with a company recruiter reaching out to former interns who were sent packing by the electric-vehicle maker......»»
Jack Dorsey Leaves BlueSky Board and Calls X ‘Freedom Technology’
The Twitter founder’s moves suggest an apparent warming of relations between him and Elon Musk. Jack Dorsey has left the board of social networking service Bluesky, which he helped fund and popularize a year ago in the wake of reg.....»»
Esports Unleashed: How Competitive Gaming is Transforming the Digital Arena
In recent years, esports has experienced an explosive growth trajectory, fundamentally altering the landscape of digital entertainment. From its origins in casual competitive gaming to its current status as a billion-dollar industry, esports has pave.....»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Study underscores new strategies to fight drug-resistant bacteria
Several billion years ago, a genetic arms race began between bacteria and their viral killers. This seemingly eternal struggle continues today, with implications for diseases killing tens of thousands of people around the world each year......»»
Microsoft shuts down Bethesda’s Hi-Fi Rush, Redfall studios
Xbox maker wants to "prioritiz[e] high-impact titles" according to letter to staff. Enlarge / Artist's conception of Microsoft telling Hi-Fi Rush maker Tango Gameworks they no longer exist as a studio. (credit: Tango Gameworks).....»»
Maker Spotlight: Rob Richards
While on an online exploration for potential exhibits for Maker Faire Bay Area 2024, I chanced upon Rob Richards and his forthcoming project, “Echoes of the Heart,” slated for Burning Man 2024. Intrigued, I reached out to learn more. Hai.....»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank
Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It's akin to a vehicular version of ChatGPT......»»
New Microsoft AI model may challenge GPT-4 and Google Gemini
In project headed by former Inflection chief, MAI-1 may have 500B parameters. Enlarge / Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., during a town hall on day two of the World Economic Forum.....»»
Hey Makers! Maker Faire Rome 2024 Wants You!
Maker Faire Rome returns October 25-27th to the Gazometro and the want you to come and share your best ideas + projects! The Call for Makers is open covering all key aspects of innovation from digital manufacturing to the Internet of Things, robotic.....»»
Rivian to report Q1 earnings as EV maker cuts costs, prepares new models
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year......»»
Tesla lays off more staff in software, service teams
Electric-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported Monday, citing emails and sources familiar with the matter......»»
Astronomers observe elusive stellar light surrounding ancient quasars
MIT astronomers have observed the elusive starlight surrounding some of the earliest quasars in the universe. The distant signals, which trace back more than 13 billion years to the universe's infancy, are revealing clues to how the very first black.....»»