G.M. to Cut Spending on Cruise Self-Driving Unit
General Motors will “substantially lower spending” on autonomous vehicle efforts in 2024 after accidents with its self-driving taxis in San Francisco.
Source: nytimes.com
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GM wants you to know that it's also unhappy with the slow pace of its EV business
GM is slashing costs on its robotaxi business, Cruise, while also tackling a slowdown in its EV business and investor concerns about increased labor costs. In short, the biggest automaker in North America is dealing with a lot.
Source: theverge.com
REVEALED: UAW strike cost General Motors $1.1 BILLION - and will cut spending, including on EVs and at Cruise, to absorb costs of new contract
In order to cut costs following the United Auto Workers strike, General Motors will slowdown spending on its self driving vehicle unit, Cruise. GM said the strike costs the company $1.1 billion.
Source: dailymail.co.uk
GM Will Slash Spending On Robotaxi Unit Cruise Amid Safety Concerns
Chief executive Marry Barra said the company “must rebuild trust” with regulators.
Source: forbes.com
Not exactly a happy Cruise: General Motors' robo taxis face financial roadblock
General Motors is looking to change the direction of its Cruise robot taxi subsidiary before the company goes off a cliff.
Source: washingtontimes.com
GM to cut spending on Cruise driverless vehicles by 'hundreds of millions of dollars'
GM has announced it is massively cutting spending on its Cruise driverless car platform, which had been used to operate robotaxis in California. This comes after a pedestrian collision that forced the state’s DMV to pull Cruise’s driverless permits.
Source: engadget.com
GM cuts spending on Cruise self-driving cars
General Motors announced Wednesday that it’s cutting spending at its self driving unit, Cruise.
Source: cnn.com
A new Vogt-less era takes shape at Cruise and battery material mining gets a boost
The Station is a weekly newsletter focused on the future of transportation. This week, Cruise, Motional and Rivian made news.
Source: techcrunch.com
A|I: The AI Times – As Sam Altman returns to OpenAI, Cohere CEO slams the "self righteousness" of effective altruism
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe.
Source: betakit.com
Sam Altman returns to OpenAI, Apple adopts RCS, and Binance's CEO pleads guilty to charges
In this edition of Week in Review (WiR), we cover Sam Altman returning to OpenAI as CEO, Apple adopting RCS and Binance's CEO being convicted of federal charges.
Source: techcrunch.com