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Rivian doesn’t disclose if the value of its $5.8 billion joint venture will expand as a result.
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The biggest ouch of the report was its negative free cash flow of $2.4 billion.
OpenAI-backed Thrive Holdings is buying ADT in a $15.3 billion deal, with plans to bring AI to the home security business.
General Motors has agreed to pay $220 million to settle claims that it illegally sold driver and location information to data brokers, as reported earlier by Reuters.
Baseten released joey-1, a 2B open-weights “decision model” that returns an answer and a probability rather than text. It costs $0.01 per million tokens and answers in about 20ms, Baseten says. It joins the larger mammoth-1 and elephant-1 launched last week.
When the deal is complete, both companies are expected to continue operating separately.
FuriosaAI, a Seoul-based maker of AI inference chips, has raised $620m in a Series D round. The round values it at about $2.9bn. South Korea’s National Growth Fund put in $280m, making it the largest investor. The company announced the round in a press release and a blog post.
As part of the settlement, GM must get drivers’ express consent before it collects or shares their driving and location data.
Archive of Our Own, the popular online home of fan fiction readers and writers, has bad news for its community.
As AI transforms how people find information online, Reddit is rethinking its open-web roots to protect its audience and business.
Rivian is seeing strong enough sales of the new EV that it improved its guidance to Wall Street for the second time this year.
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