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Tesla famously struggled to scale up production of the Model 3 sedan in 2018 — so much so that CEO Elon Musk said his company was weeks away from collapsing. That near-death experience helped spawn a whole new company called Atomic that’s built around using AI to streamline supply chains. Co-founded by former Tesla employees
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In an update to its Preparedness Framework, the internal framework OpenAI uses to decide whether AI models are safe and what safeguards, if any, are needed during development and release, OpenAI said that it may “adjust” its requirements if a rival AI lab releases a “high-risk” system without comparable safeguards.
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U.K. startup Marshmallow has blown up over the years by using innovations in data science to build car insurance policies for immigrants and other consumers who have been overlooked or priced out of traditional insurance.
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Hexium has emerged from stealth with $8 million in seed funding.
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Thirteen years ago, Forerunner Ventures began helping to usher in a new era of consumer startups, including Warby Parker, Bonobos, and Glossier. None has gone through a traditional IPO process. Warby Parker was taken public through a special purpose acquisition vehicle. Bonobos was acquired by Walmart. Glossier is still privately held.
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A handful of engineers who worked at Lucid Motors and on Apple’s electric car project have launched a new startup that puts a fresh spin on electric hub motors.
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Matt Rogers says Quilt is picking up where his old startup, Nest, left off.
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The business of moving goods in the United States is dominated by trucks, which handles about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and CEO Matt Soule wants to change that by putting a modern autonomous and electric twist on the centuries-old railroad system.
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As the job market continues to get more competitive, it’s taking months for new grads to land employment, with many settling for roles that don’t align with their goals.
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After months of hearty marketing efforts and large-scale technology demos across the U.S., Nuro has secured $106 million in fresh funding to help scale its autonomous driving technology and advance commercial partnerships. The Series E round brings Nuro’s total funding raised to $2.2 billion and its valuation to $6 billion.
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