Fisker faced financial distress as early as last August

June 21, 2024

Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week. The admission provides a clearer picture of Fisker’s troubles in 2023 as it struggled to ramp up deliveries of its flagship Ocean SUV, despite CEO […]

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Cruise clears key hurdle to getting robotaxis back on roads in California

June 21, 2024

Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year. The settlement with the California Public Utilities Commission (CPUC) not only avoids litigation, it puts Cruise in a position to restart operations in the state. […]

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OpenAI buys Rockset to bolster its enterprise AI

June 21, 2024

OpenAI has acquired a company, Rockset, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.” […]

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U.S. government sanctions Kaspersky executives

June 21, 2024

The U.S. government announced Friday sanctions against twelve executives and senior leaders of the Russia-based cybersecurity giant Kaspersky. In a press release, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) said it designated the twelve company executives to protect internet users against malicious cyber threats. “Today’s action against the leadership of Kaspersky […]

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Style DNA gets a generative AI chatbot that suggests outfit ideas based on your color type

June 21, 2024

Style DNA, an AI-powered fashion stylist app, creates a personalized style profile from a single selfie. The app is particularly useful for people interested in seasonal color analysis, a process used to determine the best colors to complement an individual’s skin tone. This service can be expensive, with experts charging upwards of $300. However, the […]

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Khosla-backed Marble, built by former Headway founders, offers affordable group therapy for teens

June 21, 2024

Rates of depression, anxiety and suicidal thoughts are surging among U.S. teens. A recent report from the Center of Disease Control found that nearly one in three girls have seriously considered suicide, and a significant number, 13% have actually attempted it. Psychologists have various theories about what’s causing adolescent mental health crises.   Some blame the […]

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