GM Bails On Cruise To Focus On Super Cruise After Burning Billions On Robotaxi Development General Motors’ Cruise robotaxi mapping unit returned to the Bay Area in September, about a year after one of its cars hit a pedestrian. That didn’t last long, though, as GM announced today that it “plans to realign its autonomous driving strategy and prioritize development of advanced driver assistance systems on a… Read more…

‘Well into the billions’: Here’s which cities made the most money off Taylor Swift’s Eras Tour submitted by /u/Similar_Diver9558

Gitfo’s Founders Mint Billions of GFT After Binance Delists Web3 Wallet’s Token Content

Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”

Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.

G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

Why Meta and Snap are spending billions on AR glasses Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.

Elon Musk Wants To Use Billions From Tesla To Bail Out xAI Elon Musk loves pressing his luck when it comes to what he can get his Tesla shareholders to do. Just a few weeks after he got them to approve a $56 billion pay package, he’s apparently asking them to indirectly bail out the investors of his social media company, X (Twitter, baby). Read more…

Biden gives states billions of dollars for EV chargers, heat pumps, and other green tech Pennsylvania Governor Josh Shapiro speaks at Tioga Marine Terminal on October 13th, 2023, in Philadelphia, Pennsylvania. | Photo: Getty ImagesWith the US facing the prospect of another four years of former President Donald Trump rolling back environmental protections at the federal level, the Biden administration is putting billions of dollars o…

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms “The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

N.F.L. Ordered to Pay Billions in Sunday Ticket Lawsuit The case, which cut to the heart of the league’s media strategy, centered on a subscription service that aired out-of-market games for roughly $300 a year.

Congestion Pricing Delay Will Stop Billions in Subway Upgrades The board of the Metropolitan Transportation Authority was presented with drastic cuts to the transit system’s capital plan caused by Gov. Kathy Hochul’s decision to halt the tolling program.

Well Beyond the U.S., Heat and Climate Extremes Are Hitting Billions People all over the world are facing severe heat, floods and fire, aggravated by the use of fossil fuels. The year isn’t halfway done.

Bitcoin miners sink millions into AI businesses, seeking billions in return Bitcoin miner Core Scientific is expanding its AI business through a $3.5 billion partnership with cloud company CoreWeave.

Will Billions More in New Aid Save Family Farms? The Biden administration aims to better support small farmers while still aiding big operations and rewarding climate-friendly practices. It’s a tall order.

Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi The decentralized finance (DeFi) sector will experience an ecosystem boost after a spot ether {{ETH}} exchange-traded fund (ETF) was approved in the U.S. on Thursday, according to Mike Silagadze, CEO of ETH restaking protocol Ether.fi.

Ether ETF Listing Approval Sees Billions Poured Into Restaking Protocol Ether.Fi The decentralized finance (DeFi) sector will experience an ecosystem boost after a spot ether {{ETH}} exchange-traded fund (ETF) was approved in the U.S. on Thursday, according to Mike Silagadze, CEO of ETH restaking protocol Ether.fi.

Why States Have Spent Billions Subsidizing Hollywood Inside the costly competition to attract TV and film shoots.

Intel’s chipmaking business lost a boatload of billions last year Photo by Jakub Porzycki/NurPhoto via Getty ImagesIntel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a big increase from $5.2 billion it lost in 2022, and while it made $18.9 billion in revenue in 2023, that number is down 31 percent from the $27.49 billion it made the year prior. …