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Knight Rider - David Hasselhoff
(Gary Null/Getty Images)
Chevy Knight Rider

GM plans to launch conversational AI in some vehicles next year

The automaker announced a host of tech initiatives at its GM Forward event on Wednesday morning.

Max Knoblauch

KITT is here, and it’s a Buick.

At a software event on Wednesday, GM execs said that as early as next year, the owners of select GM vehicles will be able to chat with their vehicle via Google Gemini AI. According to the automaker, drivers will be able to talk to their car “as naturally as [they] would to a fellow passenger.”

Eventually, GM will integrate its own AI system into its vehicles, the company said, walking drivers through directions or parallel parking.

Along with the “Knight Rider” update, GM discussed a host of other techy plans. The automaker said it will launch a driver assistance system in its vehicles by 2028, enabling eyes-off, hands-free driving.

GM currently has 30,000 robots operating in its factories, most of which are giant arms. The company said it’s also developing autonomous mobile bots and robots that will be able to work alongside humans.

The updates come just a day after GM reported its third-quarter earnings, which came in better than expected and sent the stock surging up to an all-time closing high. It was the second-best one-day change for the ticker since it first started trading in 2010.

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Tesla Will Open Up Its Chargers To Other Brands, In Order To Receive Federal Subsidies

After a big pullback for EVs, climbing gas prices are causing drivers to eye them again

Still, the market is much different than it was the last time oil prices were this high.

business
Rani Molla

How Tesla quietly wound up owning a small piece of SpaceX

Tesla is converting its recent $2 billion investment in Elon Musk’s AI company, xAI, into a small ownership stake in SpaceX — just months before the rocket maker’s highly anticipated IPO.

Here’s what happened: Tesla announced its xAI investment in late January, after a shareholder proposal to invest fell short last year. Several days later, xAI merged with SpaceX. All three companies are headed by Musk.

Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Southwest Airlines At San Diego International Airport

Southwest stopped fuel hedging a year ago. Whoops.

It’s been a year since Southwest said it would end its fuel-hedging program. Oil’s moves this year make that decision look like a mistake.

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