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Rani Molla

Tesla is supposed to offer driverless robotaxis next month. As of last month, it reportedly hasn’t tested a single driverless ride.

Tesla says it’s still on track to launch its driverless robotaxis in Austin next month (or maybe July) but, as of last month, the electric vehicle company had yet to actually test a driverless ride, The Information reports, citing an “engineer close to the testing and a former employee.”

In April, Tesla announced that a very limited set of people — Tesla employees in the Bay Area and Austin — could get a ride in the company’s robotaxis... with a person sitting in the passenger seat. But with its launch just weeks away, there’s no evidence that the company has conducted any “unsupervised, no one in the car” rides yet.

Meanwhile, Google’s Waymo, which launched in Austin earlier this year, tested driverless rides for six months before opening them to the public. Now it’s doing more than a quarter million paid driverless rides per week.

Federal safety investigators would also like to know “how Tesla plans to evaluate its vehicles and driving automation technologies for use on public roads,” including which software the company is planning to deploy and which vehicles will be included in its robotaxi effort.

The robotaxi effort is high stakes for Tesla. CEO Elon Musk said last month, “The future of the company is fundamentally based on large-scale autonomous cars and large scale and large volume, vast numbers of autonomous humanoid robots.”

In April, Tesla announced that a very limited set of people — Tesla employees in the Bay Area and Austin — could get a ride in the company’s robotaxis... with a person sitting in the passenger seat. But with its launch just weeks away, there’s no evidence that the company has conducted any “unsupervised, no one in the car” rides yet.

Meanwhile, Google’s Waymo, which launched in Austin earlier this year, tested driverless rides for six months before opening them to the public. Now it’s doing more than a quarter million paid driverless rides per week.

Federal safety investigators would also like to know “how Tesla plans to evaluate its vehicles and driving automation technologies for use on public roads,” including which software the company is planning to deploy and which vehicles will be included in its robotaxi effort.

The robotaxi effort is high stakes for Tesla. CEO Elon Musk said last month, “The future of the company is fundamentally based on large-scale autonomous cars and large scale and large volume, vast numbers of autonomous humanoid robots.”

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Apple reportedly delays its foldable phone to 2029 or later

Apple has pushed back the debut of its $3,000 foldable phone — part of its three-year plan to update how the iPhone looks — to 2029 or even later, Bloomberg reports. Originally Bloomberg reported that the iPhone maker had hoped for the foldable phone to come out in 2026, but thanks to “engineering challenges tied to weight, features and display technology” customers will have to wait a few years longer.

For what it’s worth, as is the case with its upcoming touchscreen MacBook Pro, many of Apple’s competitors, including Samsung and Google, already have foldable phones.

For what it’s worth, as is the case with its upcoming touchscreen MacBook Pro, many of Apple’s competitors, including Samsung and Google, already have foldable phones.

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OpenAI has an army of ex-investment bankers making financial models to train ChatGPT

OpenAI is looking for its killer app for the business world. After all, you can only sell so many $20 monthly subscriptions to consumers — which currently accounts for 70% of its $13 billion annually recurring revenue.

Bloomberg is reporting that OpenAI is beefing up ChatGPT’s financial chops to target the deep pockets of the banking industry.

According to the report, “Project Mercury” has lined up over 100 former investment bankers getting paid $150 an hour to help teach OpenAI’s models how to do the grueling work of junior bankers, including tweaking PowerPoint slides and building financial models in Microsoft Excel.

According to the report, “Project Mercury” has lined up over 100 former investment bankers getting paid $150 an hour to help teach OpenAI’s models how to do the grueling work of junior bankers, including tweaking PowerPoint slides and building financial models in Microsoft Excel.

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Warner Bros. Discovery just raised the price of HBO Max

Warner Bros. Discovery, which announced today it’s open to being bought, also said it’s raising prices on its HBO Max streaming subscribers.

Effective immediately for new customers and at the next renewal date for existing ones, subscribers to the ad-supported tier will pay an extra dollar a month ($10.99) and those who don’t want ads will see prices go up $1.50 a month (to $18.49). It joins the ranks of Disney, Apple, and NBC Universal, which also recently raised prices. WBD is also reportedly cracking down on password-sharing.

Here’s how the prices of their services compare now:

Here’s how the prices of their services compare now:

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Amazon aims to automate 75% of its operations and avoid hiring 600,000+ people

Amazon might be one of few companies hiring ahead of the holiday season, but the e-commerce giant hopes to limit headcount additions in the years ahead as it leans more deeply into automation, according to The New York Times’ interviews and a survey of internal documents.

Some numbers from the report:

  • Amazon thinks robots can help it forgo hiring more than 160,000 people in the US by 2027.

  • That would mean $0.30 in savings on each item that Amazon sells.

  • The company would ultimately like to automate 75% of its operations.

  • Automation could potentially lessen its hiring of humans by more than 600,000 by 2033.

  • It expects to sell 2x as many products in 2033.

  • Currently Amazon employs 1.2 million people.

Happy holidays!

  • Amazon thinks robots can help it forgo hiring more than 160,000 people in the US by 2027.

  • That would mean $0.30 in savings on each item that Amazon sells.

  • The company would ultimately like to automate 75% of its operations.

  • Automation could potentially lessen its hiring of humans by more than 600,000 by 2033.

  • It expects to sell 2x as many products in 2033.

  • Currently Amazon employs 1.2 million people.

Happy holidays!

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