Cruise, General Motors’ self-driving development subsidiary, will lay off almost a quarter of its workforce—about 900 employees—the company announced Thursday. The cuts are part of a broader restructuring to focus the robotaxi unit on a narrower path to commercialization. Instead of expanding its commercial robotaxi service to multiple US cities, the company will relaunch its … Read more
The East China headquarters of Country Garden is being shown in Zhenjiang, Jiangsu Province, China, on October 10, 2023. Nurphoto | Nurphoto | Getty Images Embattled Chinese real estate developer Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg … Read more
A developer platform for the…sky? That’s the vision of OurSky, a startup founded last year that’s aiming to make space observational data more accessible via a software platform and global telescope network. The company announced that it closed $9.5 million in seed funding led by Upfront Ventures alongside Oceans Ventures, Venrex Investment Management, Marlinspike Partners, … Read more
HONG KONG — A Hong Kong court postponed until Jan. 29 a court hearing scheduled for Monday on troubled Chinese property developer Evergrande’s winding-up petition. Evergrande is trying to win support from its creditors for a plan to restructure more than $300 billion in debt to stave off liquidation. The company’s lawyer told the court … Read more
Bloober Team, the developer behind the Silent Hill 2 remake, has recently given an update on the status of the game. They also addressed fans’ criticism for lack of communications. In a recent reply to a few fans tweets on Twitter, Bloober Team confirmed that the game had not been canceled, and is in active … Read more
Kyle Vogt, the CEO of self-driving car developer Cruise who founded the company before its acquisition by General Motors in 2016, resigned this evening. His announcement comes amid upheaval at the company, which last month had its permit to operate its groundbreaking robotaxi service in San Francisco suspended by state regulators. “The status quo on … Read more
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Google has ended its agreement with Lendlease, the lead developer it had been working with on four major campus projects in Silicon Valley. In an announcement published earlier on Friday, Lendlease said both companies had agreed to end the deal after determining that “the existing agreements are no longer mutually beneficial given current market conditions.” … Read more
Apple today released the first developer beta of iOS 17.2, only a day after the launch of iOS 17.1 to the general public. This story is part of Focal Point iPhone 2023, CNET’s collection of news, tips and advice around Apple’s most popular product. As long as you’re enrolled in the Apple Developer Program, which … Read more
The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company. The move … Read more
Dennis Austin, who performed a seminal function in shaping how info is communicated in fashionable society because the principal software program developer of PowerPoint, the ever-present and sometimes scorned program employed by workplace employees, lecturers and bureaucrats, died Sept. 1 at his dwelling in Los Altos, Calif. He was 76. The trigger was lung most … Read more