General Motors said Thursday it boosted its contract offer to a 20% wage hike for U.S. autoworkers, including 10% in the first year, in a move to avoid a strike that is scheduled to begin at 11:59 p.m. if no deal is agreed on. The strike by the United Auto Workers union, which represents about […]
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Rivian CEO RJ Scaringe provided more details Thursday on the company’s plans to update the hardware in its EVs next year — under a program internally called Peregrine — that he says will result in major cost savings. One of the biggest payoffs? Changing the electronic control unit (ECU) architecture inside its EVs, Scaringe emphasized […]
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OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds. The ChatGPT-maker says that it plans to open its third office, after San Francisco and London which it announced in June, in Ireland, which has emerged as almost a second […]
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Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business connects vehicle owners (individuals and […]
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Honor is a top five smartphone maker in its native China. Now the company is returning to India with the Honor 90, its first new device for the world’s second largest smartphone market in more than three years. The new handset is already available in global markets, including Malaysia, Europe, the Middle East and U.K. […]
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Europe has far too few VCs created by former founders, or “Operators” as the industry often likes to call them. Yes, Atomico has Niklas Zennström. Firstminute Capital has Brent Hoberman. More recently Plural was created by Taavet Hinrikus (ex-Wise), Sten Tamkivi (ex-Teleport) and Ian Hogarth (ex-Songkick). But that “operator-turned-VC” list quickly runs out across the […]
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From Tableau and Looker, to PowerBI and beyond, there are no shortage of business intelligence (BI) tools designed to help companies unlock insights from their vast swathes of data. But a newcomer has arrived on the scene with some fresh BI smarts in tow, aimed at more “technically-inclined” data teams. Founded out of Toronto, Canada, […]
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San Francisco has formally requested state regulators redo an August hearing that expanded robotaxi permits for Cruise and Waymo, giving both companies permission to widen commercial operations throughout the city 24/7. The contentious decision was met with much opposition as city agencies and residents questioned the far-reaching impact of the expansions. The permits provide no […]
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The European Commission is considering imposing punitive tariffs to protect European Union automakers against cheaper Chinese electric vehicle imports, which the agency says benefits from state subsidies. “Global markets are now flooded with cheaper electric cars,” said European Commission President Ursula von der Leyen during her annual address to the EU’s parliament. “And their price […]
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Every year for the past seven years, Generation Investment Management, the sustainability-focused public and private equity firm co-founded by former U.S. Vice President Al Gore, has published a sustainability trends report that aims to become as much a bible to the climate tech industry as Mary Meeker’s famous “internet trends” reports were to so-called dot.com […]
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Apple spent some time focusing on games during Tuesday’s iPhone 15 launch event, and while we got the usual mobile devs talking about the improved hardware and software capabilities, we also found out that some very recent top-tier console games are coming to the iPhone, including the Resident Evil 4 remake, Resident Evil Village, and […]
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A year ago, Stability AI, the London-based startup behind the open source image-generating AI model Stable Diffusion, quietly released Dance Diffusion, a model that can generate songs and sound effects given a text description of the songs and sound effects in question. Dance Diffusion was Stability AI’s first foray into generative audio, and it signaled […]
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Just a few hours after Apple unveiled the iPhone 15 and iPhone 15 Pro, France’s radiation watchdog (ANFR) released a public statement announcing that the iPhone 12 breaches radiation levels. The watchdog notified Apple of the findings and told the company that it should temporarily halt iPhone 12 sales and release a fix as quickly […]
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Kolors, a Mexico City-based startup that connects intercity bus riders with bus drivers, is acquiring B2B van pooling provider Urbvan for $12 million cash, the company shared Wednesday. Kolors CEO and co-founder Rodrigo Martínez has said his service is like “if Uber and Southwest Airlines had a baby.” The startup partners with small and medium-sized […]
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