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The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe c

President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three automakers — General Motors, Ford, and Stellantis — with the expectation that automakers will move any offshore operations to the United

In a policy paper published Wednesday, former Google CEO Eric Schmidt, Scale AI CEO Alexandr Wang, and Center for AI Safety Director Dan Hendrycks said that the U.S. should not pursue a Manhattan Project-style push to develop AI systems with “superhuman” intelligence, also known as AGI.

Volkswagen’s ultra-cheap EV called the ID EVERY1 — a small four-door hatchback revealed Wednesday — will be the first to roll out with software and architecture from Rivian, according to a source familiar with the new model. The EV is expected to go into production in 2027 with a starti

Gong, a startup that helps companies predict their revenue from potential sales, has surpassed $300 million in annualized recurring revenue, the company announced on Wednesday. Since its founding in 2016, Gong has used AI to analyze customer interactions. The addition of generative AI capabilities

Prime Video is now experimenting with AI-assisted dubbing for select licensed movies and TV shows, as announced by the Amazon-owned streaming service on Wednesday. According to Prime Video, this new test will feature AI-assisted dubbing services in English and Latin American Spanish, combining AI

As part of the iOS 18.4 software update, currently in public beta, Apple is introducing AI-powered summaries of App Store reviews. The new feature will leverage Apple Intelligence, the company’s built-in AI technology, to offer an overall summary based on the reviews others have left on the A

OpenAI has begun rolling out its newest AI model, GPT-4.5, to users on its ChatGPT Plus tier. In a series of posts on X, OpenAI said that the rollout will take “1-3 days,” and that it expects rate limits to change. GPT-4.5 launched first for subscribers to OpenAI’s $200-a-month

Ryan Breslow is once again the CEO of Bolt, the fintech company told technewss on Wednesday. Bolt shared a communication that recently went out to investors in which Breslow wrote that “following a challenging few years,” he had been reinstated as Bolt's CEO with “unanimous approval”

CoreWeave's initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has als

Anna Patterson has had a storied career in Silicon Valley. She founded three startups, including search engine upstarts Xift and Cuil, as well as recall.archive.org, which became the Internet Archive. She was the vice president of engineering at Google, and later started Gradient Ventures, an AI-fo

Google is launching a new “AI Mode” experimental feature in Search that looks to take on popular services like Perplexity AI and OpenAI's ChatGPT Search. The tech giant announced on Wednesday that the new mode is designed to allow users to ask complex, multi-part questions and follow-ups to

Hyundai Motor Company and Avride have agreed to jointly develop autonomous vehicles in a tie up that will deepen the relationship between the two companies. The deal will focus on autonomous vehicle technology designed for robotaxis. The two companies will also look into other use cases for the te

The Department of Justice has announced criminal charges against 12 Chinese government-linked hackers who are accused of hacking more than 100 American organizations, including the U.S. Treasury, over the course of a decade. The charged individuals all played a “key role” in China's hacker