South Korea’s L&F Co., a supplier of battery material for Tesla’s “apocalypse-proof” Cybertruck, has written down the value of its Tesla contract by more than 99%, Bloomberg reports — another sign that Cybertruck sales are faltering.
The company cited changes in supply quantities, slashing a contract valued at nearly $3 billion in 2023 to about $7,000 now.
OpenAI is finalizing commitments on a funding round that could climb beyond $100 billion at a valuation of $830 billion, according to a report from The Information.
Per The Information, SoftBank is expected to invest $30 billion into the ChatGPT maker, spread across the year in three installments of $10 billion. Up to $50 billion could come from Amazon and $30 billion from Nvidia (up from the $20 billion Bloomberg reported earlier this month). An additional investment in the low billions could come from Microsoft.
OpenAI was last valued at $500 billion following a fundraising round completed in October. Earlier this month, its rival Anthropic took in $30 billion from investors including Microsoft and Nvidia at a $380 billion valuation.
Since launching in June 2025, Tesla’s 45 Austin Robotaxis have been involved in 14 crashes, per Electrek reporting citing National Highway Traffic Safety Administration data.
Electrek analysis found that the vehicles have traveled roughly 800,000 paid miles in that time period, amounting to a crash every 57,000 miles. According to the NHTSA, US drivers crash once every 500,000 miles on average.
The article says Tesla submitted five new crash reports in January of this year that happened in December and January. Electrek wrote:
“The new crashes include a collision with a fixed object at 17 mph while the vehicle was driving straight, a crash with a bus while the Tesla was stationary, a collision with a heavy truck at 4 mph, and two separate incidents where the Tesla backed into objects, one into a pole or tree at 1 mph and another into a fixed object at 2 mph.”
Tesla updated a previously reported crash that was originally filed as only having damaged property to include a passenger’s hospitalization.
Last month, Tesla shares climbed after CEO Elon Musk said in a post on X that the company’s Austin Robotaxis had begun operating without a safety monitor.
The article says Tesla submitted five new crash reports in January of this year that happened in December and January. Electrek wrote:
“The new crashes include a collision with a fixed object at 17 mph while the vehicle was driving straight, a crash with a bus while the Tesla was stationary, a collision with a heavy truck at 4 mph, and two separate incidents where the Tesla backed into objects, one into a pole or tree at 1 mph and another into a fixed object at 2 mph.”
Tesla updated a previously reported crash that was originally filed as only having damaged property to include a passenger’s hospitalization.
Last month, Tesla shares climbed after CEO Elon Musk said in a post on X that the company’s Austin Robotaxis had begun operating without a safety monitor.
Anthropic is moving to put the pieces in place for a successful IPO this year.
Today, the company announced that Chris Liddel would join its board of directors.
Liddel is an seasoned executive who previously served as CFO for Microsoft, GM, and International Paper.
Liddel also comes with experience in government, having served as the deputy White House chief of staff during the first Trump administration.
Ties to the Trump world could be helpful for Anthropic as it pushes to enter the public market. It’s reportedly not on the greatest terms with the current administration, as the startup has pushed back on using its Claude AI for surveillance applications.
Liddel is an seasoned executive who previously served as CFO for Microsoft, GM, and International Paper.
Liddel also comes with experience in government, having served as the deputy White House chief of staff during the first Trump administration.
Ties to the Trump world could be helpful for Anthropic as it pushes to enter the public market. It’s reportedly not on the greatest terms with the current administration, as the startup has pushed back on using its Claude AI for surveillance applications.
Meta is reviving its highly controversial facial recognition efforts, with plans to incorporate the tech into its smart glasses as soon as this year, The New York Times reports.
In 2021, around the time Facebook rebranded as Meta, the company shut down the facial recognition software it had used to tag people in photos, saying it needed to “find the right balance.”
Now, according to an internal memo reviewed by the Times, Meta seems to feel that it’s at least found the right moment, noting that the fraught and crowded political climate could allow the feature to attract less scrutiny.
“We will launch during a dynamic political environment where many civil society groups that we would expect to attack us would have their resources focused on other concerns,” the document reads.
The tech, called “Name Tag” internally, would let smart glass wearers identify and surface information about people they see with the glasses by using Meta’s artificial intelligence assistant.
Now, according to an internal memo reviewed by the Times, Meta seems to feel that it’s at least found the right moment, noting that the fraught and crowded political climate could allow the feature to attract less scrutiny.
“We will launch during a dynamic political environment where many civil society groups that we would expect to attack us would have their resources focused on other concerns,” the document reads.
The tech, called “Name Tag” internally, would let smart glass wearers identify and surface information about people they see with the glasses by using Meta’s artificial intelligence assistant.
