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Rivian said Thursday it plans to launch a hands-off version of its driver assistance system for highway driving “in a few weeks,” and an “eyes-off” version in 2026. The hands-off system will let Rivian compete with companies like Ford and General Motors, which have both launched similar systems in the past few years. (Ford has…
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Rivian’s cost-cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year — especially because of the whorl of uncertainty caused by the new Trump administration. The company announced Thursday its fourth-quarter and full-year 2024 financial results, and along with it, shared plans…
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Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case in Delaware. The lawyers claimed Nikola already has at least three interested buyers (who they did not name) and that the…
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OpenAI is increasingly looking like a consumer company, telling CNBC that it now has 400 million weekly active users. Usage is still growing at a rapid pace as the AI developer behind the AI chatbot, ChatGPT, “only” had 300 million users in December 2024. Though OpenAI has not revealed the number of paid customers with…
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As payment companies increasingly explore stablecoins for cross-border payments and real-time settlement, some startups are tapping into the zeitgeist by providing liquidity via a revolving line of credit in stablecoins. One of them is Dubai-based but Africa-focused Mansa, whose offering allows payments companies to settle transactions and fund customer accounts instantly. The startup has raised…
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Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced that…
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Investors on the lookout for startups working at the frontiers of technology are casting their nets ever further into unchartered territory, sometimes literally as well as figuratively. In one of the latest examples, a startup called Karman+ with ambitions to build autonomous spacecraft that can travel to asteroids and then mine them for materials has…
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It has been more than two years since ChatGPT burst on the scene. Shortly after that, it seemed like almost every email app integrated AI-powered email writing and summaries. Some also introduced AI-powered search for you to sift through your inbox quickly. Superhuman is now using AI to try and tackle one of the primary…
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Niantic, the company behind the popular augmented reality game Pokémon Go, is looking to sell its game development business, Bloomberg reported, citing anonymous sources. The company is reportedly exploring a deal with mobile game developer Scopely, which is owned by Saudi Arabia-based Savvy Games Group, to sell the unit for about $3.5 million. Niantic and Scopely…
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Humane announced on Tuesday that most of its assets have been acquired by HP for $116 million. The hardware startup is immediately discontinuing sales of its $499 AI Pins. Humane alerted customers who have already purchased the Pin that their devices will stop functioning before the end of the month — at 12 PM PST…