Lucid Motors raises another $1 billion from Saudi Arabia as it searches for luxury EV buyers

March 25, 2024

Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan. The company announced in a Monday morning regulatory filing that Ayar Third Investment, an affiliate of Saudi Arabia’s Public Investment Fund, has agreed to […]

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Spotify throws its hat in the edtech ring

March 25, 2024

Today on Equity, Alex talks stocks around the world, crypto prices, and the weekend’s biggest news: The the exit of Stability AI’s CEO, the EU’s Digital Markets Act, Spotify’s edtech push, why Liquid Death is crushing it, and more.

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Match appoints two board directors after talks with activist investor Elliott Management

March 25, 2024

Tinder-owner Match Group has appointed two new members to its board of directors and signed an agreement with Elliott Management, the company announced on Monday. Chief marketing officer at Instacart, Laura Jones, and Zillow co-founder Spencer Rascoff, will be joining the board, effective immediately. Match said in a press release that the appointments followed a […]

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Fisker loses potential Nissan deal, putting rescue funds at risk

March 25, 2024

The negotiations between Fisker and a large automaker — reported to be Nissan — over a potential investment and collaboration have been terminated, a development that puts a separate near-term rescue funding effort in danger. Fisker revealed in a Monday morning regulatory filing that the automaker terminated the negotiations on March 22. It did not […]

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The Download: defining open source AI, and replacing Siri

March 25, 2024
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. The tech industry can’t agree on what open source AI means. That’s a problem. Suddenly, “open source” is the latest buzzword in AI circles. Meta has pledged to create open-source artificial general intelligence.…