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Autonomous trucking startup Waabi announced on Tuesday it has raised $200 million in an oversubscribed Series B funding round. This round was led by existing investors Uber and Khosla Ventures, and included new investor Nvidia, along with Porsche and the venture capital arm of Volvo. Waabi’s approach to autonomous truckingMany companies are developing self-driving vehicles, but Toronto-based Waabi believes too many developers rely on human-driven scenarios. Waabi takes a different approach by using generative AI to build a single AI system capable of reasoning like humans and coming up with pr...
Invezz
Apple, the tech giant known for its innovations, appears to be shifting its focus within its Vision product line. Originally planning to split the Vision line into two models — a high-end “Pro” model and a more affordable standard version — Apple is now reportedly deprioritizing the next generation of the Vision Pro headset. Changing priorities for the Vision ProIn the past year, Apple has gradually assigned fewer employees to the Vision Pro project. The company initially focused on reducing the cost of the first-generation model’s components and developing an upgraded display for the subseque...
Invezz
Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer. A recent report by NRF and Hackett Associates looked at international ports’ tracking data, on how many imports each was experiencing (named Global Port Tracker). Ports in the US covered by Global Port Tracker handled 2.02 million TEU (TEU meaning one 20-foot container or its equivalent) in April 2024, the latest month for which the numbers are available. This figure is up 4.6% from March and up 13.2% year-over-year, and was the highest number since 2.06 mi...
Invezz
Today, the U.S. Census Bureau announced the United States’ advance monthly sales figures for May 2024, for retail and food services in the nation. In anticipation of the data, the US dollar has been trading higher against most other currencies today, including the Euro, with the EUR/USD struggling and experiencing pressure near 1.074 mark, Japanese yen, where the USD/JPY moved to above 158.00 earlier. However, the US sales figures rose just 0.1% in May, disappointing the market’s expectations. Furthermore, this came after a 0.2% drop in sales for April 2024. April’s sales had previously been r...
Invezz
The Russian ruble is doing well. The USD/RUB exchange rate plunged to a low of 85.5470, its lowest swing since June 2023. It has plunged by almost 10% from the highest point level this year. BoR and Federal Reserve actionsThe USD/RUB has crashed hard after last week’s Federal Reserve and Bank of Russia’s interest rate decisions. In its decision, the Fed decided to leave interest rates unchanged between 5.25% and 5.50%. It also signaled that it will hold rates higher for longer-than-expected since inflation has remained above the Fed’s target of 2.0%. I believe that the first rate cut will eith...
Invezz
Chrysler, the Stellantis-owned brand, is recalling 1,033,433 vehicles in the United States over a rearview camera image issue, according to the US National Highway Traffic Safety Administration (NHTSA). The recall was announced on Wednesday after NHTSA documents indicated that the rearview camera in these vehicles fails to display properly, decreasing driver visibility and increasing the risk of crashes. Vehicles affected by the recallThe recall affects a range of models from the 2021-2023 production years. Specifically, the vehicles included in the recall are: 2021-2022 Dodge Durango2021-2023...
Invezz
Til tross for en nedgang på 4 % de siste 30 dagene, skiller Ripples XRP seg ut blant de tre ikke-stablecoin-eiendelen som opprettholder et positivt momentum. Foruten Ripple (XRP), er de andre myntene i grønt i dag Ondo og Ethereum Name Service (ENS). Mens Bitcoin og andre store altcoins står overfor betydelige nedgangstider, har XRP klart å bryte gjennom motstandsnivåer, noe som tyder på et potensial for videre vekst. I denne artikkelen analyserer vi den nylige markedsytelsen til XRP, undersøker faktorene som bidrar til dens motstandskraft og utforsker kryptovalutaens bullish utsikter. Kryptom...
Invezz - NO
U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, seeking to sell its assets and restructure its debt after facing rapid cash burn while attempting to deliver its “Ocean” SUVs in the United States and Europe. The company, founded by automotive designer Henrik Fisker, joins a growing list of EV startups, such as Proterra, Lordstown, and Electric Last Mile Solutions, that have gone bankrupt in the past two years due to depleting cash reserves, fundraising difficulties, and production challenges exacerbated by global supply chain issues. Challenges faced by F...
Invezz
Apple ilmoitti maanantaina, että se lopettaa lainojen myöntämisen osta nyt maksa myöhemmin (BNPL) -ohjelmassaan, Apple Pay Laterissa. Viime vuonna lanseerattu Apple Pay Later antoi asiakkaille mahdollisuuden ostaa tuotteita verkosta ja maksaa neljässä korottomassa erässä enintään 1 000 dollarin ostoksista. Päätös merkitsee merkittävää muutosta Applen lähestymistavassa fintech-palveluihin ja maksuratkaisuihin. Apple siirtyy kolmannen osapuolen osamaksulainoihinMyöhemmin tästä vuodesta alkaen Apple Pay -käyttäjät voivat saada osamaksulainoja kolmansien osapuolien, kuten Affirm, kautta sekä luott...
Invezz - FI
Apple meddelade på måndagen att de kommer att sluta ge ut lån genom sitt köp-nu-betala-later-program (BNPL), Apple Pay Later. Apple Pay Later lanserades förra året och gjorde det möjligt för kunder att köpa produkter online och betala i fyra räntefria delbetalningar för köp upp till 1 000 USD. Beslutet markerar en betydande förändring i Apples syn på fintech-tjänster och betalningslösningar. Apples övergång till avbetalningslån från tredje partFrån och med senare i år kommer Apple Pay-användare att ha tillgång till avbetalningslån genom tredjepartsföretag, som Affirm, och kredit- och betalkort...
Invezz - SV
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