The battle in self-driving technology is revving up, and some believe it's now a competition between Silicon Valley and the Motor City of Detroit. Tim Higgins, Tech & Auto Reporter at the Wall Street Journal, and Joel Feder, Interactive Content Manager at Motor Authority, join Cheddar to give their predictions on the future of the auto industry.
Higgins actually moved from Detroit to Silicon Valley because it started becoming home to more and more automakers. German, Japanese, and American companies all have offices in the Golden State fighting for talent. He discusses how partnerships with Volkswagen and Hyundai could catapult tech start-up Aurora into the self-driving winner's lane.
Feder points out that weather has a huge impact on the testing of this self-driving technology. He believes that, since Detroit sees more snow and harsher conditions, it would be a great place for cars to test on the road.
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
A group of book authors has reached a settlement with AI company Anthropic after suing for copyright infringement. A federal appeals court filing Tuesday said both sides have negotiated a proposed class settlement, with terms to be finalized next week. Anthropic declined to comment. A lawyer for the authors called it a "historic settlement." In June, a federal judge ruled that Anthropic didn't break the law by training its chatbot on copyrighted books. However, the company was still facing trial over acquiring those books from online "shadow libraries" of pirated copies.
