Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising its annual production guidance from 52,000 to 54,000 vehicles. The EV maker reported Tuesday (after markets closed) revenue of $1.33 billion, a figure driven … Read more
(Reuters) -Rivian Automotive reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units. Shares of Rivian, which closed 1.4% higher, rose more than 3% in volatile after-hours trading. However, Rivian’s smaller rival Lucid cut its production forecast on Tuesday “to prudently align with deliveries”, … Read more
GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023. Jakub Porzycki | Nurphoto | Getty Images Aleph Alpha, a German startup taking on Microsoft-backed artificial intelligence firm OpenAI, said Monday it had raised $500 … Read more
Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC. The company, which sells insurance plans via an online platform, raised the fresh cash in a debt financing deal from the … Read more
A GoFundMe for Joyce Grayson, a 63-year-old visiting nurse who was found dead in the halfway house for s*x offenders where she had her first appointment of the day on Saturday, October 28, 2023, has raised over $18,000. Grayson, who was described as a foster mother and grandmother who dedicated her life to caring for … Read more
Kuva Space, a hyperspectral imagery startup founded in Finland, has closed a €16.6 million ($17.6 million) Series A funding round as it looks to deploy up to 100 satellites by the end of the decade. The startup, formerly called Reaktor Space Lab, was founded in 2016 and spent its first four years focused on building … Read more
JERUSALEM — As an Israeli ground offensive in the Gaza Strip looms in its most devastating war yet with Hamas, one of the greatest threats to both its troops and the 2.3 million Palestinians trapped inside the seaside enclave is buried deep underground. An extensive labyrinth of tunnels built by the Hamas militant group stretches … Read more
Apple announced on Wednesday it’s hiking the prices of some of its subscription services for US and some international customers. Subscription prices for Apple TV Plus, Apple Arcade, Apple News Plus are all increasing by at least $2 a month. Apple is also raising the prices of its Apple One subscription bundles. Each bundle includes … Read more
Apple on Wednesday raised the prices for a number of its flagship services offerings, including Apple TV+, Arcade, and its bundled offering, Apple One. The move follows prior price hikes in October 2022. Apple TV+ will now cost $9.99 a month, up from $6.99. The price increase comes after Apple upped the price in 2022 … Read more
RevRoad was started in 2017 as a venture services firm for startups in Utah. The organization offered a two-year program with access to 12 resources ranging from legal services to sales help to mentorship in exchange for equity. But unlike many entities, it didn’t have capital to invest in the startups that completed the program. … Read more