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Nuclear startup X-energy raised $700 million in a Series D round, the company told TechCrunch. The new fundraise comes less than a year after it expanded its Series C from $500 million to $700 million, bringing the total raised in the last year or so to $1.4 billion, a sizable amount even in the heady … Read more
Sixteen years ago, engineers working on the Google self-driving project conducted their first autonomous vehicle tests on the freeway that connects Silicon Valley to San Francisco. The company would eventually become Waymo, autonomous vehicle testing would expand — fanning out to other cities. Eventually, the company launched commercial robotaxi services in Phoenix, San Francisco, and … Read more
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — As Baidu ramps up its robotaxi operations worldwide, fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders, according to a spokesperson for the company’s driverless car unit Apollo Go. … Read more
CarMax, Inc. (NYSE: KMX) entered the new fiscal year on a high note, reporting strong first-quarter sales and double-digit earnings growth. It is capitalizing on the slowdown in the demand for new cars, partly due to tariffs, and rising vehicle prices that have boosted resale values. The company’s flexible omnichannel model –integrating online, offline, and … Read more
Waymo has been cleared to serve its first airpot in California: San Jose Mineta International. The company announced Thursday that it will start testing its robotaxis there in the coming months, and that it plans to start offering commercial rides by the end of the year. The company has spent years working toward serving airports … Read more
IOTA’s Rebased upgrade is paying off. Just months after launch, the layer-1 network has hit an all-time high $36 million in total value locked, fueled by double-digit staking yields and rising transaction activity — momentum that has chart watchers betting on a bullish breakout toward $0.50. Summary IOTA price token was flat on Sunday, Aug. … Read more
Tesla has started giving rides in driverless Model Y SUVs in Austin, a decade after CEO Elon Musk began making — and breaking — myriad promises about his company’s ability to launch such a service. The rollout will become the first big test of Musk’s belief that it’s possible to safely deploy fully autonomous vehicles … Read more
Mitzi Perdue, the double-heiress of Sheraton hotels and Perdue farms, grew up wearing hand-me-downs and getting a public education. She’s quick to draw her pursestrings by flying economy, riding the subway, and living in a modest apartment—despite sitting on a fortune from two billion-dollar American businesses. The 84-year-old journalist and philanthropist says it helps her … Read more
A central premise of robotaxis is that high usage and lower labor costs will ultimately make it a cheap transportation option. That is still far from true, but now there’s some data that gives us an idea of by how much. Obi, an app that aggregates real-time pricing and pick-up times across multiple ride-hailing services, … Read more
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters Tesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22. In a … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4