Cruise founder Kyle Vogt criticized GM's decision to pull robotaxi funding.GM's decision to divest from Cruise comes as other tech giants forge ahead with robotaxi plans.Investors appeared to welcome the news as GM looks to cut costs.General Motors' decision to pivot away from robotaxis has one big critic: Cruise founder Kyle Vogt.Advertisement Vogt, who resigned from the company in 2023, posted on the social media platform X (formerly Twitter) following GM's announcement that it would stop funding Cruise ...

Google unveiled Gemini 2.0, enhancing the AI product's capabilities.Gemini 2.0 focuses on agentic AI, improving multi-step problem-solving.Google's Project Astra and Mariner showcase advanced AI integration with popular services.It's December, which apparently means it's time for all the AI companies to show off what they've been working on for the past year. Not to be left out, Google lifted the lid on its next-generation AI model, Gemini 2.0, which it promises is a big step up in smarts and capabilities.A ...

General Motors just pulled the plug on Cruise's robotaxi dreams.The self-driving venture has been in doubt since a pedestrian was seriously injured last year.GM's decision is a warning for the auto industry that time and money may not be enough with robotaxis.General Motors' decision to pull the plug on Cruise is a warning for the rest of the auto industry that building a robotaxi business is hard, really expensive — and fraught with risk.Advertisement The automaker invested more than $10 billion in Cruise ...

GM is halting Cruise robotaxi development, merging it with its own technical team.The decision follows safety issues, regulatory challenges, and intense competition in the field.Cruise competes with Alphabet's Waymo, Zoox, and potentially with Tesla's Cybercabs.General Motors is giving up on Cruise's robotaxi focus after eight years of pouring money into the commercial business.Advertisement GM said on Tuesday that it will no longer fund Cruise's robotaxi development work because of increasing competition ...

Advertisement A bright spot on Lululemon's horizon was its robust growth in international markets.Its international sales increased 33% in Q3 of 2024, compared to 2% in the Americas.China, in particular, was a strong market for the brand this quarter.Lululemon's robust growth in its international markets — particularly China — made up for its lackluster performance in the Americas.The Vancouver-based activewear brand, known for selling $100 yoga pants, reported strong third-quarter sales in its stores abro ...

Advertisement Jeff Bezos said he's "putting a lot of time" into Amazon despite stepping down as CEO in 2021.Bezos said Wednesday at the DealBook Summit that he's spending 95% of his time at Amazon on AI.Amazon announced this week it's building a supercomputer with Anthropic to enhance AI capabilities.Jeff Bezos stepped down as CEO of Amazon over three years ago, but he's still putting in the hours at the company to help it in the AI race. Speaking at The New York Times's DealBook conference on Wednesday, t ...

Core Insights - Tim Cook's potential retirement is increasingly becoming a topic of discussion as he ages, with a focus shifting from his predecessor Steve Jobs to who will succeed him as CEO [2][4] - Cook has expressed a desire for his successor to be an internal hire, emphasizing the importance of continuity within the company [6] - Apple has not made any official announcements regarding Cook's retirement timeline, but insiders suggest it may be at least three years away [6] Group 1 - Tim Cook has been CEO of Apple since 2011 and has indicated that discussions about his departure are becoming more frequent [2][3] - Cook has dedicated a significant portion of his life to Apple, stating that it has been a privilege to lead the company [3][4] - Potential successors mentioned include John Ternus, senior vice president of hardware engineering, and Jeff Williams, chief operating officer [5] Group 2 - Cook has articulated his vision for Apple's legacy, stating that the company will be remembered for delivering transformative products that enhance people's lives [7] - He has indicated that the decision regarding his successor will ultimately be up to others within the company [6]

Core Insights - Intel is shifting its focus towards efficiency and adopting a zero-waste production model to improve its financial performance and competitiveness in the semiconductor industry [2][3][6] - The company has faced significant challenges, including a nearly 50% drop in share price this year, billions in losses, and increased competition from companies like Nvidia and Samsung [6][8] Group 1: Strategic Changes - Intel executives emphasized the need for a "no capital left behind" mindset, moving away from the previous strategy of producing excess wafers in anticipation of demand [5][7] - The company is undergoing a thorough review of its capital spending and operating expenses, with a focus on scrutinizing every dollar spent [8] Group 2: Financial Outlook - Intel's capital expenditures were reported at $25.8 billion last year, an increase from $18.7 billion two years prior, with expectations for continued high spending in the coming years [8] - The company is set to receive a $7.9 billion grant from the CHIPS Act, which is primarily awarded in tax credits, although this is less than the initially promised $8.5 billion due to a separate $3 billion military chip production grant [10] Group 3: Leadership Changes - Following the abrupt departure of CEO Pat Gelsinger, Intel is considering candidates such as Lip-Bu Tan and Matt Murphy for the CEO position [13]

Advertisement A lawsuit says Apple invades the privacy of employees by monitoring personal devices.The lawsuit also claims Apple's policies suppress employee rights and whistleblowing.The suit was filed by an Apple worker who says it barred him from publicly discussing his work.A lawsuit says Apple illegally limits the freedom of employees by monitoring personal devices and iCloud accounts and prohibiting them from talking about their pay and working conditions.The complaint was filed on Monday in the Cali ...

Advertisement Meta is seeking nuclear energy developers to power its AI and sustainability goals.The company said in a blog post it's targeting delivery of the project in the early 2030s. Meta is not alone in turning to nuclear power, with Microsoft and Google making investments.Meta is looking for nuclear energy developers to power its AI ambitions. On Tuesday, Meta said in a blog post that it's targeting 1 to 4 gigawatts of new nuclear generation capacity to be delivered starting in the early 2030s. Adve ...