After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Rolling up to the stage in a Cybercab almost an hour after the company’s “We, Robot” event was supposed to begin, Musk … Read more
Uber CEO Dara Khosrowshahi on Tuesday announced that the company is updating its platform with new sustainability-minded features, including an “EV preference” that will let customers opt for fully electric vehicles by default, whenever they hail a ride. The company previously launched an “Uber Green,” service which has historically included a mix of battery electric … Read more
The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty Images X has to pay one last fine before the social network owned … Read more
Foreign asset managers will be given more freedom in making private equity and venture capital investment as the city cranks up growth in the financial and technology sectors, mayor Gong Zheng said, amid signs geopolitical tensions and regulatory clampdown have thwarted inflows. “International asset managers will be encouraged to invest more in Shanghai’s technology firms … Read more
Elon Musk, left, and Brazil Supreme Court Justice Alexandre de Moraes. Reuters (L) | Getty Images (R) Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court Thursday. The fines imposed by Brazil’s supreme court amount to $5 million … Read more
“The EU is part of the problem. Thus far it has mostly brought us silly cookie[s] and AI warnings,” Jitse Groen, CEO of Dutch food-delivery platform Just Eat Takeaway, said Thursday. Groen refers to the EU’s heavy regulatory push in several technology areas, such as data protection and artificial intelligence. “The EU could move to … Read more
Elon Musk, chief executive officer of Tesla Inc., at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty Images Brazil’s supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk’s social … Read more
Tesla Semi. Courtesy: Tesla A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The crash, which occurred on California’s Interstate 80 west of Lake Tahoe, … Read more
Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the … Read more
Niklas Zennstrom, CEO of Atomico and co-founder of Skype. Simon Dawson | Bloomberg | Getty Images LONDON — Atomico, an early investor in top European technology firms from Stripe to Klarna, announced Monday the launch of two new funds worth $1.24 billion to back emerging and growth-stage startups in the sector. The launch of Atomico’s … Read more
