Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco.
The California Public Utilities Commission (CPUC) voted Thursday to award Cruise with a driverless deployment permit, the final hurdle the company needed to jump to begin operating its autonomous ride-hail service commercially. Cruise will be operating its passenger service at a maximum speed of 30 miles per hour between the hours of 10 p.m. to 6 a.m. on select streets in San Francisco, adding another one and a half hours to its current service.
Two weeks after announcing that it was pausing hiring, Coinbase said it’s extending the freeze for the “foreseeable future.”
Coinbase has lost more than 70% of its value this year as turmoil in the economy and a plunge in cryptocurrencies led to a decline in users. “We have decided to pause hiring for as long as this macro environment requires,” the company said.
The US Department of Justice has brought its first-ever charges on the insider trading of nonfungible tokens on June 1, signaling that the government is ready to treat NFTs as traditional financial products. The most popular forum to trade NFTs is OpenSea, with a 65% market share.
The US Federal Reserve included questions about cryptocurrency in its annual economic well-being survey, showing a split in the roughly 12 per cent of US adults who say they own crypto. Those who invested in cryptocurrency are better off than those who spend or send it, suggesting that most crypto holders don’t use it as speculation.
The Galaxy Z Fold 4 may well be lighter than its predecessor. This information was leaked via Twitter by user IceUniverse. In the original tweet, Ice Universe specified that the Galaxy Z foldable will weigh around 254 grams. Compared to the previous-generation Fold (which came in at about 271), this is a decrease of 17 grams.
While Google confirmed last month that a Pixel Watch is on its way, there's still a lot we don't know about the device, however, the device will purportedly feature a 300mAh battery and Samsung’s last-gen wearable processor. The latest report claims that the watch will get around 24 hours of battery life on a single charge and that fast charging isn’t in the mix.
Jerome Pesenti, Meta’s VP of AI for the past four years, will leave later this month as the company closer integrates his AI teams across various product groups rather than have AI function as a centralized organization. AI is already used for everything from ordering what you see when you open Facebook and Instagram to the software powering the Oculus VR headset. The change is meant to “leverage the newest AI technology at scale” across the company.
Siemens Mobility and its consortium partners Orascom Construction and The Arab Contractors have signed a contract with the Egyptian National Authority for Tunnels (NAT), a governmental authority under the jurisdiction of the Ministry of Transport of Egypt. The deal will result in Egypt having the sixth largest high-speed rail system in the world.
Microsoft Corp cut sales and earnings guidance for the current quarter, citing the impact of foreign exchange rates as the stronger U.S. dollar takes a toll. The software giant said in a securities filing Thursday that it now expects fiscal fourth-quarter sales of between $51.94 billion and $52.74 billion, down from its prior guidance of $52.4 billion to $53.2 billion. The quarter ends June 30.
According to Patently Apple, the Pencil can act as a mouse when lying in its retainer within the computer. There’s also a high-end lighting system built into said retainer where the Apple Pencil will replace the F-Key row. With this, the functional keys will appear illuminated on the Pencil. The patent shows a MacBook with an input tool (an Apple Pencil or similar device) that has a sensor just above the keyboard.
Cameron and Tyler Winklevoss are laying off 10% of the workforce at Gemini, a first for the U.S.-based cryptocurrency exchange and custodian, announcing in a blog post that the industry is in a “contraction phase” known as “crypto winter,” which has been “further compounded by the current macroeconomic and geopolitical turmoil”