tech

Tom Jones4/1/25

Xiaomi shares closed down 5.5% on news of a fatal car crash involving one of its “smart-driving” EVs

Shares in Xiaomi dropped on Tuesday after a statement on Weibo from the Chinese tech giant, which also makes smartphones and other consumer electronics, confirmed that the SU7 electric vehicle’s advanced driver assistance mode was enabled before a crash on Saturday night. Per local media reports, three people lost their lives.

News of the fatalities comes just one week after Xiaomi confirmed that it had raised $5.5 billion from share sales, with an eye to expand its burgeoning EV division. BYD, one of Xiaomi’s biggest rivals in the space, had raised $5.6 billion in its own bumper share offering only weeks earlier.

Though the company warns customers to remain vigilant when deploying the tech, with reminders that its “smart-driving” assistance system does not mean “self-driving,” the crash on an eastern Chinese highway is just another example to point to for skeptics of smart and autonomous vehicles. Tesla’s “full self-driving” system, for example, came under scrutiny from the National Highway Traffic Safety Administration in October last year after a spate of crashes — including one fatal accident involving a pedestrian — reported across its autonomous fleet.

Xiaomi Car With Driver Assistance Crashes, Three Reported Dead

Xiaomi Car With Driver Assistance Crashes, Three Reported Dead

News of the fatalities comes just one week after Xiaomi confirmed that it had raised $5.5 billion from share sales, with an eye to expand its burgeoning EV division. BYD, one of Xiaomi’s biggest rivals in the space, had raised $5.6 billion in its own bumper share offering only weeks earlier.

Though the company warns customers to remain vigilant when deploying the tech, with reminders that its “smart-driving” assistance system does not mean “self-driving,” the crash on an eastern Chinese highway is just another example to point to for skeptics of smart and autonomous vehicles. Tesla’s “full self-driving” system, for example, came under scrutiny from the National Highway Traffic Safety Administration in October last year after a spate of crashes — including one fatal accident involving a pedestrian — reported across its autonomous fleet.

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Judge blocks Pentagon’s move to blacklist Anthropic

A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk.

The ruling temporarily prevents the Defense Department from restricting the AI company’s access to federal contracts amid a dispute over its refusal to allow certain military and surveillance uses of its technology. The designation could also have shifted lucrative government work toward competitors, including OpenAI.

Earlier this month, Anthropic, the company behind Claude, sued 17 federal agencies and their heads, alleging the government exceeded its statutory authority.

tech

Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders

SpaceX’s impending IPO could raise $40 billion to $80 billion and rank as the largest ever — as well as one of the most unconventional.

The Wall Street Journal reports several ways CEO Elon Musk is considering breaking with IPO norms:

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

tech

Tesla released estimates for Q1 deliveries and they’re lower than analysts expected

Ahead of first-quarter earnings next month, Tesla released its own company-compiled Wall Street consensus estimate for deliveries: 365,645 vehicles. While that’s lower than the 382,000 FactSet consensus estimate, it represents a nearly 9% jump from Q1 2025, when Tesla sold 336,681 vehicles.

Tesla started releasing its own consensus estimates to the public — not just institutional investors — for the first time in Q4 2025. The move was seen as a way to temper investor expectations, as other estimates were too high. Last quarter, Tesla’s compilation was closer to actual numbers, which fell 16% year over year.

The market-implied odds from event contracts suggest 64% of traders think Tesla’s Q1 deliveries will be more than 350,000, 44% think it will be higher than 360,000, and just 21% have it at higher than 370,000.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

ARC-AGI-3

The toughest AI benchmark just got a whole lot tougher

ARC-AGI-3 is the latest version of a clever benchmark that challenges AI models to solve mini video games with no written instructions.

tech

Rani Molla3/26/26

The US leads the world in robotaxi deployments

Every day it seems another robotaxi launches somewhere in the world. But most of them are in the US.

Of the 171 active robotaxi deployments globally, 69 — or 40% — are in the US, according to a new report from the Bank of America Institute. China, the next largest market, accounts for 24% of deployments.

Most of those deployments are still in testing or early commercial stages. Only 10 US cities currently have fully commercial robotaxi operations, defined as services that operate on public roads, carry paying passengers, run fully driverless without a safety driver, and function all day in any weather.

For now, that effectively refers to Alphabet’s Waymo, which operates commercially in Atlanta, Austin, Dallas, Houston, Los Angeles, Miami, Orlando, Phoenix, San Antonio, and the San Francisco Bay Area. That definition excludes competitors like Tesla, whose Robotaxi service uses safety monitors, and Amazon’s Zoox, which has yet to charge customers for rides.

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