Self-driving startups are becoming an endangered species

Enlarge / A Voyage vehicle at the Villages in Florida. (credit: Voyage) Bloomberg reports that Cruise, a self-driving company jointly owned by GM and Honda, is in talks to acquire the startup Voyage. Founded four years ago, Voyage is working to launch a self-driving taxi service at the Villages, a massive retirement community in Florida. Bloomberg says that "no deal is imminent," and I don't have any inside information. But such a deal would be … [Read more...]

Biden pushes EV chargers as six utilities plan a unified network

Enlarge / Joe Biden speaks at the White House on March 2, 2021. (credit: Doug Mills-Pool/Getty Images) US President Joe Biden has made the shift to electric vehicles an early focus of his administration. Days after his inauguration, he vowed to replace hundreds of thousands of federal civilian vehicles with electric versions. On Tuesday, Biden held a virtual meeting with CEOs from companies building charging infrastructure. The administration … [Read more...]

Intel hit with $2.2 billion patent judgment

Enlarge (credit: David Paul Morris/Bloomberg via Getty Images) A Texas jury has ordered Intel to pay $2.18 billion in damages for infringing two patents. The lawsuit was filed by VLSI Technology LLC, a 4-year-old firm that Intel says has no products and no sources of revenue besides patent litigation. The patents at issue in the case previously belonged to NXP Semiconductors, a Dutch company that spun off from Philips in 2006. NXP acquired the … [Read more...]

Nikola admits to making “inaccurate” statements under disgraced founder

Enlarge / A prototype of the Nikola Tre battery electric truck. (credit: Nikola) Aspiring electric truck maker Nikola has admitted to the Securities and Exchange Commission that nine statements made by founder Trevor Milton were "inaccurate." Milton was forced to resign from Nikola in September, shortly after the falsehoods first came to light. Between 2016 and 2020, Milton told a series of whoppers about his fledgling truck maker. At a 2016 … [Read more...]

Best Buy lays off 5,000 workers as it shifts focus to online sales

Enlarge / Snow outside of a Best Buy store in Oklahoma City, Oklahoma, on Feb. 17, 2021. (credit: Nick Oxford/Bloomberg via Getty Images) Best Buy says it has trimmed its headcount by 21,000 over the last year as the pandemic has accelerated the company's transition to selling online. Most of those losses were due to attrition—including workers who were furloughed during the pandemic last year and then chose not to return to work. But Best Buy … [Read more...]

Australia passes law to force Facebook and Google to pay for news

Enlarge / Australian Prime Minister Scott Morrison. (credit: Sam Mooy/Getty Images) The Parliament of Australia has passed a final version of legislation designed to force Google and Facebook to pay to link to news articles. The passage of the News Media Bargaining Code marks the end of a contentious months-long negotiation between the Australian government and the two technology giants—which are singled out in the code. Google and Facebook … [Read more...]