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Rivian (RIVN) Warns Chinese EV Costs Could Bite As Uber Robotaxi Plan Advances
Simply Wall St.13d agoneutral
Rivian (RIVN) Warns Chinese EV Costs Could Bite As Uber Robotaxi Plan Advances

Rivian Automotive (NasdaqGS:RIVN) CEO flagged Chinese electric vehicle makers as a major competitive threat due to lower cost structures and access to government-backed capital. The CEO outlined how these non market advantages could pressure Western EV manufacturers on pricing and margins. Rivian also updated investors on its partnership with Uber, targeting deployment of autonomous robotaxis in urban areas by 2028. The company framed the Uber collaboration as a key pillar in its longer term...

Verizon (VZ) Faces A New Threat As SpaceX Plans A Mobile Network
Simply Wall St.13d agoneutral
Verizon (VZ) Faces A New Threat As SpaceX Plans A Mobile Network

SpaceX plans to launch a terrestrial mobile network that will compete directly with Verizon and other major U.S. carriers. The company aims to use its existing Starlink satellite broadband system and new land-based assets to offer enhanced mobile services by 2027. This move targets the same consumer and enterprise segments that Verizon Communications (NYSE:VZ) currently serves. For Verizon Communications, the new SpaceX plan adds another layer of competition on top of ongoing 5G rollouts...

Innoviz Technologies Q2 Earnings Call Highlights
MarketBeat13d agoneutral
Innoviz Technologies Q2 Earnings Call Highlights

Innoviz Technologies (NASDAQ:INVZ) reported record second-quarter revenue of $18.1 million as higher recognition of non-recurring engineering, or NRE, revenue tied to customer milestones helped lift results. The lidar developer also said it is expanding into defense and homeland-security application

What’s the ‘Ceiling’ on How Much Microsoft, Amazon, and Google Can Spend on AI?
24/7 Wall St.13d agoneutralVIDEO
What’s the ‘Ceiling’ on How Much Microsoft, Amazon, and Google Can Spend on AI?

In this segment of the AI Investor Podcast from 24/7 Wall St., Eric Bleeker lays out his framework for evaluating the AI trade, describing it as a stool resting on three legs: technological progress, real-world adoption, and the ability to finance the buildout. Two legs he considers extremely strong. On progress, he points to Nvidia's backing of a straight-shot superintelligence effort, ongoing gains in training and model capability, and expectations of highly capable autonomous models at roughly human level, at scale, within a year. On adoption, he cites OpenAI's monthly revenue now exceeding its prior full quarter, Microsoft noting that 90% of cloud demand comes from outside the frontier labs, and Google's 82% cloud growth. Adoption is uneven, concentrated among a relatively small group of heavy users, but strong. Financing is the weak leg and the source of most current fear. Bleeker estimates $700 to $800 billion in AI data center spending this year, growing to roughly $1.2 trillion next year, against a financing ceiling he places somewhere between $1.5 and $2 trillion annually. With 2028 expectations near $1.4 trillion, the market is approaching that ceiling, which is why valuation now dominates stock selection. A company historically worth 15 times earnings trading at 40 times its 2028 or 2029 numbers is hard to defend. He closes with three points: the selloff is likely closer to its end than its beginning, macro risks remain including a possible September rate rise and soft GDP, and for anyone sidelined by prior valuations, this is arguably the most attractive entry point since spring 2025.

Zoox's big bet on robotaxis starts in Las Vegas
Axios13d agoneutral
Zoox's big bet on robotaxis starts in Las Vegas

Amazon-owned Zoox is about to start scaling its robotaxi service after federal regulators last week cleared it to charge for rides in its driverless vehicles with no steering wheel or other human controls.

Uber robotaxis set for London debut after getting minicab licences
Sky News13d agoneutral
Uber robotaxis set for London debut after getting minicab licences

Robotaxis are set to debut on the streets of London after Wayve was granted minicab licences by Transport for London (TfL). A number of autonomous pure electric Ford Mustang Mach-E vehicles were approved for private hire vehicle (PHV) licences by Transport for London (TfL), Wayve said on Wednesday.