xAI reportedly lays off 500 workers from data annotation team

Elon Musk’s AI startup xAI laid off 500 team members on Friday night, according to internal messages viewed by Business Insider. The emails reportedly announced an immediate strategic pivot, with the company deciding to accelerate the expansion of its specialist…

Ram ends EV pickup truck plans

The all-electric Ram 1500 REV pickup truck is dead. Long live the extended-range Ram 1500 REV, which was once called the Ramcharger. Stellantis, the parent company of Ram, announced it will no longer develop a battery-electric full-size pickup. The company…

Why the Oracle-OpenAI deal caught Wall Street by surprise

This week, OpenAI and Oracle surprised the markets with a new five-year agreement valued at three hundred billion dollars. This deal is part of a surge of new business that sent the cloud provider’s stock skyrocketing. However, the markets should…

Pilot union urges FAA to reject Rainmaker’s drone cloud-seeding plan

Rainmaker Technology’s proposal to deploy cloud-seeding flares on small drones is facing resistance from the airline pilots union. The union has urged the Federal Aviation Administration to consider denying the startup’s request unless it meets stricter safety guidelines. The FAA’s…

Micro1, a competitor to Scale AI, raises funds at $500M valuation

Micro1, a three-year-old startup that helps AI companies find and manage human contractors for data labeling and training, has raised a $35 million Series A funding round. This investment values the company at $500 million. The round was led by…