Tech
tech
J. Edward Moreno

Waymo’s gain is Uber and Lyft’s pain

Share prices for the big ride-hailing companies have been slipping since Wednesday afternoon, after Waymo announced that it would introduce its autonomous vehicles to San Diego and Las Vegas.

The announcement puts pressure on Uber and Lyft, which are behind in the autonomous vehicle race. Waymo, owned by Alphabet, has seen a boom in ridership in the past year.

Uber’s stock price did recover some ground after it was announced that one of its investments, Moove, would acquire Brazilian ride-share company Kovi.

Meanwhile, Tesla said in its earnings call Wednesday afternoon that its robotaxi will go live in Austin in June. You may remember that Tesla unveiled its robotaxis at an event in October that left much to be desired – so much so that Uber and Lyft’s stocks rose after the event.

While the prospect of autonomous vehicles excites investors, the technology is not yet profitable. Alphabet’s “other bets” category, which includes Waymo and other subsidiaries, consistently loses money. General Motors recently announced that it would stop investing in its AV project, Cruise, which it said would save it $1 billion annually. Alphabet, the parent company of Waymo, is up more than 2% today.

Meanwhile, Tesla said in its earnings call Wednesday afternoon that its robotaxi will go live in Austin in June. You may remember that Tesla unveiled its robotaxis at an event in October that left much to be desired – so much so that Uber and Lyft’s stocks rose after the event.

While the prospect of autonomous vehicles excites investors, the technology is not yet profitable. Alphabet’s “other bets” category, which includes Waymo and other subsidiaries, consistently loses money. General Motors recently announced that it would stop investing in its AV project, Cruise, which it said would save it $1 billion annually. Alphabet, the parent company of Waymo, is up more than 2% today.

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Rani Molla
Two’s a crowd
37m
Lucid announces Cybercab competitor and self-driving tech subscription in a bid to take on Tesla

Lucid’s vehicle has two seats and no steering wheel... a lot like another vehicle we’ve been hearing a lot about lately.

Lucid’s Lunar
tech
Matt Phillips

Palantir announces slew of defense- and security-themed partnerships

Defense, intelligence, and AI software company Palantir Technologies announced a series of security-themed partnerships Thursday, ahead of its annual conference promoting its artificial intelligence software platform (AIP).

Shares were recently up 1.7%, stretching the stock’s gains over the past month to 19%.

The deals include partnerships with uranium enrichment company Centrus Energy, jet engine maker GE Aerospace, unmanned aerial vehicle maker Ondas, and privately held World View, which sells intelligence and surveillance balloons that operate in the upper atmosphere.

Separately, it also announced a new “sovereign AI OS reference architecture,” a collaboration Palantir says “delivers customers a turnkey AI data center from hardware procurement to application deployment.”

Reference architectures are effectively blueprints that tell organizations how to set up and use AI hardware and software systems.

Known as the Palantir OS Reference Architecture, it’s based on similar AI blueprints Nvidia already sells, and it will enable customers to use Palantir’s entire product set, including the AIP and Foundry, its data organization and management product.

Palantir Unveils Nvidia Software Pact, Defense Partnerships At AI Conference

Palantir Unveils Nvidia Software Pact, Defense Partnerships At AI Conference

The deals include partnerships with uranium enrichment company Centrus Energy, jet engine maker GE Aerospace, unmanned aerial vehicle maker Ondas, and privately held World View, which sells intelligence and surveillance balloons that operate in the upper atmosphere.

Separately, it also announced a new “sovereign AI OS reference architecture,” a collaboration Palantir says “delivers customers a turnkey AI data center from hardware procurement to application deployment.”

Reference architectures are effectively blueprints that tell organizations how to set up and use AI hardware and software systems.

Known as the Palantir OS Reference Architecture, it’s based on similar AI blueprints Nvidia already sells, and it will enable customers to use Palantir’s entire product set, including the AIP and Foundry, its data organization and management product.

tech
Rani Molla

Tesla’s China sales jump as EV market slumps

Tesla’s China sales grew 43% to 38,206 vehicles in February, compared a low baseline a year earlier.

Still, thanks to strong sales of its Model Y, Tesla defied countrywide trends — overall China EV sales fell 35% last month.

As a result, Tesla’s market share in China, its second-biggest market, grew to nearly 14% — its highest level in nearly two years.

Tesla's China sales rebound in Feb as market share hits nearly 2-year high

Tesla's China sales rebound in Feb as market share hits nearly 2-year high
Rani Molla
5h
Uber, which exited self-driving in 2020, is now at the center of the robotaxi era

Uber, which plans to launch a robotaxi service with Wayve and Nissan in Tokyo this year, has deals with every major AV player.

Uber Nissan Wayve Tokyo partnership
US Lifts Restrictions on Chinese Chip EDA
NOBLE GAS
IMPASSE
Chris Stokel-Walker9h

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