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Rani Molla

Google’s Waymo gets permit to test autonomous cars in New York City

Google-owned Waymo is going to begin testing its autonomous vehicles in the busiest city in the US: New York.

The company received a permit to test up to eight self-driving cars — with a trained AV specialist behind the wheel but not actively driving — in parts of Manhattan and Downtown Brooklyn, The Wall Street Journal reports. Waymo is the first company to receive such permission.

Waymo, which is already operating its autonomous ride-hailing service in several cities across the country — including Los Angeles, San Francisco, Atlanta, Phoenix, and Austin — applied for the permits in June and began collecting data with human drivers operating the vehicle in the city in July.

The Journal report says Waymo will be able to test through late September and can apply for an extension.

Recently, competitor Tesla started hiring robotaxi test drivers in the city, but had not yet applied for autonomous permits. Tesla operates an autonomous ride-hailing service in Austin (with a supervisor in the passenger seat), and a more traditional ride-hailing service in the Bay Area.

Waymo, which is already operating its autonomous ride-hailing service in several cities across the country — including Los Angeles, San Francisco, Atlanta, Phoenix, and Austin — applied for the permits in June and began collecting data with human drivers operating the vehicle in the city in July.

The Journal report says Waymo will be able to test through late September and can apply for an extension.

Recently, competitor Tesla started hiring robotaxi test drivers in the city, but had not yet applied for autonomous permits. Tesla operates an autonomous ride-hailing service in Austin (with a supervisor in the passenger seat), and a more traditional ride-hailing service in the Bay Area.

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ChatGPT Is Down

Is OpenAI on its way to becoming Lyft?

Once nearly synonymous with AI, it just got surpassed in valuation by Anthropic. Now it looks like it’s also going to get beaten to the IPO starting line.

tech

Palo Alto Networks surges after it beats revenue and earnings estimates

Cybersecurity firm Palo Alto Networks jumped more than 10% in postmarket trading after reporting fiscal third-quarter results that beat analyst revenue and earnings expectations.

The company posted adjusted earnings per share of $0.85, versus the FactSet analyst consensus estimate of $0.79 on $3 billion in revenue. (Wall Street had expected $2.94 billion.)

The company also boosted its guidance for the full fiscal year. The company now expects non-GAAP EPS in the range of $3.77 to $3.79, compared to its previous projection of $3.65 to $3.70 (and analysts’ expectations of $3.68). It also forecast revenue of $11.415 billion to $11.425 billion, representing year-over-year growth of 24%, compared to previous growth expectations of 22% to 23%.

Through Tuesday’s close, the stock had risen more than 60% in the past month.

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Microsoft releases 7 new models, next-gen quantum chip at Build conference

Microsoft is making it clear it can stand on its own as a competitor in the AI arena.

Today at its annual Microsoft Build developer conference, the company made a flurry of announcements that move it further away from the shadow of its complicated relationship with partner OpenAI.

Among the products announced:

  • New Nvidia-powered Windows PCs: the Surface Laptop Ultra and Surface RTX Spark Dev Box.

  • Seven new homegrown AI models: MAI Image-2.5, MAI Image-2.5-Flash, MAIN Transcribe-1.5, MAI Thinking-1, MAI Voice-2, MAIN Voice-2-Flash, and MAI Code-1-Flash.

  • Majorana 2, the company’s next-gen quantum chip.

  • Microsoft Scout, an integrated always-on agent built on OpenClaw.

  • Project Solara, an AI gadget operating system.

Investors were unimpressed, however, as shares were down over 4% after the announcements.

  • New Nvidia-powered Windows PCs: the Surface Laptop Ultra and Surface RTX Spark Dev Box.

  • Seven new homegrown AI models: MAI Image-2.5, MAI Image-2.5-Flash, MAIN Transcribe-1.5, MAI Thinking-1, MAI Voice-2, MAIN Voice-2-Flash, and MAI Code-1-Flash.

  • Majorana 2, the company’s next-gen quantum chip.

  • Microsoft Scout, an integrated always-on agent built on OpenClaw.

  • Project Solara, an AI gadget operating system.

Investors were unimpressed, however, as shares were down over 4% after the announcements.

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