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Rivian lays off hundreds of workers, WSJ reports Source link
It has developed a new “SuperVision” ADAS that combines cameras and radar sensors, used by Porsche and Polestar, among others. On the robotaxi front, it has partnered with Volkswagen Group’s MOIA to develop a commercially available robotaxi based on the VW ID. Buzz minivan, and last year, Mobileye revealed plans to work with Lyft to deploy robotaxis in Dallas, “as soon as” this year. “This initiative is not a replacement for our existing partnerships; it is an extension of them,” said Shashua. “We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating…
Fireworks during the UFC Freedom250 fight on the South Lawn of the White House in Washington, DC, US, early on Monday, June 15, 2026. Saul Loab | Bloomberg | Getty ImagesThe FBI disrupted an alleged plot targeting Sunday’s UFC cage-fight event at the White House, FBI Director Kash Patel said Tuesday. Newly unsealed court documents detailed a plan investigators said involved explosive-laden drones and shooters targeting crowds fleeing the event.Tycen Proper, a 19-year-old Ohio man, has been charged with multiple felony counts in connection with the alleged plot, including conspiracy to commit an offense against the U.S. and attempted murder…
Dny59 | E+ | Getty ImagesSocial Security’s trust funds may have a bit more runway than expected, according to new long-range projections by the Penn Wharton Budget Model, shared exclusively with CNBC.The trust fund Social Security relies on to help pay retirement benefits — Old-Age and Survivors Insurance, or OASI — may be depleted in February 2033, according to the Penn Wharton Budget Model at the University of Pennsylvania, a provider of nonpartisan estimates and analysis on the impact of public policy.In contrast, the Social Security trustees report released on June 9 projects that the fund may last through the…
Investing.com – European equities paused just off their fresh highs on Tuesday, taking a breather from a global relief rally as investors shifted their focus from geopolitical euphoria to details of the peace-deal. The pan-European index gained 0.3%, cruising just below its record peak. While regional bourses capitalized on the initial diplomatic breakthrough, the sentiment remained slightly measured on the continent as market participants grappled with the lack of concrete operational details surrounding the Middle East resolution. Germany’s rose 0.1%, while France’s gained 0.8%. Italy’s jumped 1.2%, and Spain’s rose 0.7%. In London, the gained 0.6%. The UK benchmark – which largely…
Mobileye’s CEO Amnon Shashua speaks during a news conference for Mobileye driverless technology at the Nasdaq Market site in New York, U.S., July 20, 2021. REUTERS/Jeenah MoonJeenah Moon | ReutersSelf-driving technology supplier Mobileye Global said Tuesday it would launch its own robotaxi service, planning to deploy an initial 100-vehicle fleet into a major U.S. city in 2027. The company said the first launch will be phased throughout next year, after which they’ll aim to scale the fleet to roughly 17,000 vehicles over the next five years. Shares of the Jerusalem-based company rose around 6% following the announcement.”We believe there is…
A UK-registered yacht reported shots were fired by the frigate off the coast of the Isle of Wight. Source link
Jonathan Raa | Nurphoto | Getty ImagesArtificial intelligence giant Anthropic shocked observers when it said Friday evening it disabled access to its Fable 5 and Mythos 5 models to comply with an order by the U.S. government. But traders on prediction market platform Kalshi think it’s more likely than not that the Fable model returns to U.S. consumers as soon as July. Traders place 58% odds Anthropic will restore access to Fable 5 before July 1. They think it’s even more likely it’s back by July 10, with a 74% chance it happens by then. For the event contract to resolve to “yes,”…
Sir Keir Starmer has announced a date for a UK-EU summit in Brussels next month, as he looks to flesh out his plan to put Britain “at the heart of Europe” in what could be the dying days of his premiership.“Today I’ve agreed with @eucopresident that we will hold the second UK-EU summit on July 22,” Starmer said on X on Tuesday, after talks with European Council president António Costa at the G7 summit in France. “My Labour government is delivering on our promise to reset our relationship and put Britain at the heart of Europe,” he said. “Together we will…
Sports prediction markets are having a gold-rush moment. Enthusiasm around the World Cup and NBA finals led Kalshi to set a new daily record Saturday for trading volume at $1.2 billion.A wave of companies is trying to stake a claim, hoping to follow suit and strike it rich in what JB Mackenzie, Robinhood’s head of prediction markets, described to CNBC as a “supercycle.” He points not only to a packed sports summer calendar leading directly into NFL season and midterm elections, but a jammed pipeline of companies applying to the Commodity Futures Trading Commission to become designated contract markets, or…