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Exclusive-Uber's commitment to self-driving startup Nuro is close to $500 million, sources say
Reuters67d agoneutral
Exclusive-Uber's commitment to self-driving startup Nuro is close to $500 million, sources say

Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the ‌extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has ​been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll ‌out 35,000 robotaxis using Lucid's Gravity ⁠SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.

What a $1,000 Bet on IonQ Since Its SPAC Debut Is Worth Today
24/7 Wall St.68d agoneutral
What a $1,000 Bet on IonQ Since Its SPAC Debut Is Worth Today

From University Lab to Quantum Hype Stock IonQ (NYSE:IONQ) hit the public market in October 2021 via a SPAC merger with dMY Technology Group III, becoming the first pure-play quantum computing stock investors could actually buy. The pitch was bold: a trapped-ion architecture spun out of University of Maryland and Duke research, aimed at solving ... What a $1,000 Bet on IonQ Since Its SPAC Debut Is Worth Today

Meta dives into enterprise AI race with new business agent
Reuters Videos68d agoneutralVIDEO
Meta dives into enterprise AI race with new business agent

<body><p>STORY: Shares of Meta rose more than 3% in morning trading on Wednesday, after the social media giant unveiled an AI agent designed to help businesses carry out day-to-day operations.</p><p>The move&nbsp;marks Meta's latest push into the fast-growing enterprise AI market.</p><p>Mark Zuckerberg's company said the new product expands on existing business messaging services by enabling "agentic" capabilities in which the assistant can, for example, book calendar appointments and close sales on behalf of businesses.</p><p>It said more than 1 million businesses were already using earlier chatbot versions of such agents on WhatsApp and Messenger. The new version will be added to Instagram as well.</p><p>The move hints at Meta's ambitions to compete with rivals like OpenAI, Anthropic and Google in the market for enterprise applications of its AI tools, leveraging the reach of its WhatsApp, Instagram and Facebook apps.</p><p>The company is also launching a broader "Business Agent Platform" aimed at giving businesses the tools to build custom AI agents to help them manage their operations elsewhere.</p><p>That platform is connected to hundreds of non-Meta systems, including Shopify.</p></body>

Tesla rolls out unsupervised robotaxis in Austin
Reuters68d agoneutral
Tesla rolls out unsupervised robotaxis in Austin

June 3 (Reuters) - Tesla said on Wednesday it was rolling out its unsupervised robotaxis in the Austin Metro area in Texas, as the electric-vehicle maker looks to speed up its autonomous ride-hailing

Tesla rolls out unsupervised robotaxis in Austin
Reuters68d agoneutral
Tesla rolls out unsupervised robotaxis in Austin

Tesla said on Wednesday it was rolling out its unsupervised robotaxis ‌in the Austin Metro area in Texas, ‌as the electric-vehicle maker looks to speed up its autonomous ​ride-hailing operation. Expanding the robotaxi service and wider adoption of its full self-driving software - a version of which underpins the technology - is key to Tesla's growth ‌strategy after CEO ⁠Elon Musk pivoted the company's focus from EVs to AI and robotics. The service ​has been operating ​in Austin for nearly ‌a year, where customers sometimes experience wait times in excess of 30 minutes.

Alphabet upsizes equity raise to $84.75B to support AI expansion
Proactive68d agoneutral
Alphabet upsizes equity raise to $84.75B to support AI expansion

Alphabet Inc (NASDAQ:GOOG) has increased the size of its previously announced equity financing package, lifting the total potential raise to $84.75 billion from an earlier target of $80 billion, as the company moves to accelerate investment in artificial intelligence infrastructure and compute...

5 reasons bitcoin prices are bleeding — besides Michael Saylor
Yahoo Finance Video68d agoneutralVIDEO
5 reasons bitcoin prices are bleeding — besides Michael Saylor

Bitcoin (BTC-USD) prices are plummeting, dipping below $65,000 on Wednesday. This comes as Strategy's (MSTR) Michael Saylor sold 32 coins. Scott Melker discusses the details in the video above."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Bitcoin didn't crash because Saylor sold 32 coins
Yahoo Finance Video68d agobearishVIDEO
Bitcoin didn't crash because Saylor sold 32 coins

In today's 'The Daily Wolf' episode, host Scott Melker discusses today's biggest crypto headlines: bitcoin, Michael Saylor, Mastercard, and others. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Apple’s WWDC Event Is Just Days Away. Don’t Expect Fireworks for the Stock, UBS Says.
Barrons.com68d agoneutral
Apple’s WWDC Event Is Just Days Away. Don’t Expect Fireworks for the Stock, UBS Says.

Apple big annual conference, where the tech company unveils its new products, is next week, but one analyst doesn’t think it will push up the stock. David Vogt of UBS gave his heads-up Wednesday about Apple’s Worldwide Developers Conference, which starts Monday at the company’s headquarters in Silicon Valley. Shareholders expect Apple to release new artificial-intelligence features after years of lagging behind its rivals on AI.

Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
Reuters68d agoneutral
Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions

Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign ‌of strong investor appetite for big tech companies as ‌they expand their AI infrastructure and computing power. On Monday, the Google parent ​said it would raise $80 billion, as big tech companies compete to out-build each other with AI data centers to get ahead in what executives see as a once-in-a-generation AI race. In a ‌filing dated June ⁠2, Alphabet said it now aimed to raise $18 billion through the sale of Class A and ⁠C shares and $16.75 billion from depositary shares.

Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months
24/7 Wall St.68d agoneutral
Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months

The artificial intelligence boom has created plenty of winners, but one company sits at the center of it all. Every major AI player — Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOG) — depends on a single manufacturer to turn advanced chip designs into physical products: Taiwan Semiconductor ... Warren Buffett Bought the World’s Most Dominant AI Company — Then Sold It Within 6 Months