November 2023

Cruise suspends employee stock program, corp bonuses moved up

November 16, 2023

Cruise, the autonomous vehicle subsidiary of General Motors, told staff Thursday that the employee share-selling program for the fourth quarter is suspended, following an incident that resulted in the robotaxi company losing its permits to operate in California. Cruise cited the need to reevaluate how to offer competitive compensation, according to sources who spoke to […]

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Menlo Ventures closes on $1.35B in new capital, targets investments in AI startups

November 16, 2023

Menlo Ventures has raised $1.35 billion in new capital that it plans to use in part “to support the forthcoming generation of AI startups,” the venture firm announced today. With the new funds, the firm says it has raised more than $3.8 billion across eight fund groups and distributed $5.2 billion to its LPs. The […]

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Despite setbacks, ispace to launch second moon mission in Q4 2024

November 16, 2023

Japanese lunar technology company ispace will make its second attempt at putting a lander on the moon in the fourth quarter of 2024, just about two years after it launched its first failed mission, executives said Thursday. ispace launched its first lunar lander mission in on a SpaceX Falcon 9 in December 2022. The lander, […]

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Meta brings us a step closer to AI-generated movies

November 16, 2023

Like “Avengers” director Joe Russo, I’m becoming increasingly convinced that fully AI-generated movies and TV shows will be possible within our lifetimes. A host of AI unveilings over the past few months, in particular OpenAI’s ultra-realistic-sounding text-to-speech engine, have given glimpses into this brave new frontier. But Meta’s announcement today put our AI-generated content future […]

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Apple to finally bring RCS to iPhones

November 16, 2023

Apple plans to add support for the RCS standard on iOS next year, the iPhone-maker said Thursday in a major reversal that would resolve the widespread issue of compatibility in text messaging between iPhones and Android devices, a concern affecting millions worldwide known colloquially as the “green bubble” dread. Apple’s longstanding unwillingness to support RCS […]

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