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Rivian wins $827 million from Illinois to expand its factory for R2 lineup

Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. The company announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds to help expand its existing factory in Normal, IL, as well as […] © 2024...

Thu May 2, 2024 22:25
Microsoft bans U.S. police departments from using enterprise AI tool

Microsoft has changed its policy to ban U.S. police departments from using generative AI through the Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI technologies. Language added Wednesday to the terms of service for Azure OpenAI Service prohibits integrations with Azure OpenAI Service from being used “by or...

Thu May 2, 2024 21:58
EU plan to force messaging apps to scan for CSAM risks millions of false positives, experts warn

A controversial push by European Union lawmakers to legally require messaging platforms to scan citizens’ private communications for child sexual abuse material (CSAM) could lead to millions of false positives per day, hundreds of security and privacy experts warned in an open letter Thursday. Concern over the EU proposal has been building since the...

Thu May 2, 2024 20:57
They thought they were joining an accelerator — instead they lost their startups

Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that year when she discovered warrants of her company — rights to buy an ownership stake — had become part of the proceedings, […] © 2024 TechCrunch. All rights...

Thu May 2, 2024 20:57
Your AI-native startup ain’t the same as a typical SaaS company

It's not building any startup, but building a defensible AI startup presents its own set of unique challenges. © 2024 TechCrunch. All rights reserved. For personal use only.

Thu May 2, 2024 20:57
Hyundai is spending close to $1 billion to keep self-driving startup Motional alive

Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv....

Thu May 2, 2024 19:54

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