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Ambarella shares popped 17% after a report that the chip designer is currently working with bankers on a potential sale. Bloomberg reported the news, citing sources familiar with the matter. While no deal is imminent, the sources told Bloomberg that the firm may draw interest from semiconductor companies looking to improve their automotive business. Private equity firms have already expressed interest, according to the report.
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Waymo might be the largest commercial robotaxi operator — offering 250,000 paid rides per week — but it is hardly smooth. The past seven days in Waymo’s world illustrates just how dynamic the burgeoning robotaxi business can be. The company limited service nationwide on June 13 ahead of scheduled “No Kings” protests against Presid
A group of the top minds in AI gathered over the weekend to discuss the "posthuman transition" — a mind-bending exercise in imagining a future in which humanity willfully hands over power, or perhaps bequeaths existence entirely, to some sort of superhuman intelligence. As Wired reports, the lavish party was organized by generative AI entrepreneur Daniel Faggella. Attendees included "AI founders from $100 million to $5 billion valuations" and "most of the important philosophical thinkers on AGI
In a $30 million mansion perched on a cliff overlooking the Golden Gate Bridge, a group of AI researchers, philosophers, and technologists gathered to discuss the end of humanity. The Sunday afternoon symposium, called “Worthy Successor,” revolved around a provocative idea from entrepreneur Daniel Faggella: The “moral aim” of advanced AI should be to create a form of intelligence so powerful and wise that “you would gladly prefer that it (not humanity) determine the future path of life itself.”
In a big turn of events Universal Studios is opening up a kid-centric theme park in Texas that will have major animated franchise appeal, with Shrek, Jurassic World, and SpongeBob just a few of brands in store for the new family-friendly destination. This news coming out right after Universal shared more details about its year-round haunt in Las Vegas has us thinking the theme park wars with Disney have begun in earnest. This weekend, pop culture fans looking for ways to help rebuilding efforts
The world has yet to turn any of today’s AI hype and spending into a meaningful lift in the actual economy, says Microsoft CEO Satya Nadella. The comments were made during a podcast interview in which he put a measuring stick on AI’s true impact: Success will be measured through global economic growth rather than arbitrary benchmarks of how well AI programs can complete challenges like obscure math puzzles. Those are interesting in isolation but do not have practical utility. The comments seem
is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Stellantis, the parent company of Jeep, Dodge, and Ram, announced its first “hands free, eyes off” partial autonomous driving feature. The company is pitching this new feature, which is called STLA AutoDrive, as for drivers who want to reclaim “valuable time” while stuck in stop-and-go traffic. But that said, Stellantis is