Raw video: Gov. Cooper announces Boviet Solar coming to Greenville
Gov. Roy Cooper was in Greenville on Friday where he announced that a Vietnamese company, Boviet Solar, will bring 900 new jobs and build a new facility.
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Yahoo FinanceBiden makes a Wisconsin stop to tout AI — and troll Trump's Foxconn flop
President Biden made a trip to the swing state of Wisconsin on Wednesday with two goals: tout an AI investment from Microsoft and highlight a past failure from Donald Trump.
- Yahoo Finance
Toyota issues muted profit forecast following blowout 2024 results
Toyota, the world’s largest automaker, reported blowout results for its fiscal year 2024, though investor response was muted as the company issued a conservative outlook, reflecting heavy investments that need to be made as its business transforms.
- Engadget
Nintendo just revealed a NES speedrunning collection inspired by an ultra-rare 1990 cartridge
Nintendo just dropped a trailer for Nintendo World Championships: NES Edition. This is a collection of minigames based around speedrunning.
- TechCrunch
Bye-bye bots: Altera's game-playing AI agents get backing from Eric Schmidt
Autonomous, AI-based players are coming to a gaming experience near you, and a new startup, Altera, is joining the fray to build this new guard of AI agents. The company announced Wednesday that it raised $9 million in an oversubscribed seed round, co-led by First Spark Ventures (Eric Schmidt’s deep-tech fund) and Patron (the seed stage fund co-founded by Riot Games alums). The funding follows Altera's previous raising a pre-seed $2 million from Andreessen Horowitz and others in January of this year.
- Autoblog
Audi unveils Dakar-inspired electric mountain bike with Italian power
Audi teamed up with Italian manufacturer Fantic to launch an electric mountain bike with a Dakar-like design and an adjustable suspension system.
- Yahoo Finance
Reddit stock rises after first quarterly report on higher-than-expected earnings forecast, AI hopes
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue that the long-term growth story for Reddit is in artificial intelligence opportunities.
- Yahoo Sports
Retired WNBA legend Candace Parker named president of Adidas women’s basketball
Part of Parker's duties will be having a say in product development.
- Yahoo Finance
Starbucks founder Howard Schultz says company needs to 'overhaul' strategy as troubles mount
Howard Schultz has weighed in on Starbucks recent troubles, but there are no leadership changes in the works.
- TechCrunch
Lucid Bots secures $9M for drones to clean more than your windows
Lucid Bots came on the scene in 2018 with its Sherpa line of drones to clean windows in tall places, and now it’s back to take on more labor-intensive tasks. The Charlotte, N.C.-based company, which was part of Y Combinator's 2019 cohort, took on a new form as a robotics company with a thesis to build intelligent robots that are purpose-made to tackle the “dirty” jobs that people don’t want to do, Ashur said. “We started with a very simple problem, and in pursuit of wanting to make a dangerous job safer over the years, the true problem we're solving is this fundamental fact that people don't want to do jobs that are considered dull, dirty, dangerous or demeaning,” Andrew Ashur, founder and CEO of Lucid Bots, told TechCrunch.
- Engadget
US revokes Intel and Qualcomm's licenses for chip sales to Huawei
The US has stopped Intel and Qualcomm from selling and sending chips to Chinese-based Huawei Technologies.
- Yahoo Personal Finance
Mortgage rates today, May 8, 2024: Will rates dip soon?
These are today's mortgage rates. Rates have been up for weeks, but recent economic data could cause them to fall. Lock in your rate today.
- TechCrunch
iRobot names former Timex head Gary Cohen as CEO
Gary Cohen, who previous held chief executive role at Timex and Qualitor Automotive, will be heading up the company, marking a major shift from his predecessor, Angle, a cofounder of the company who held the role from 1997 until January of this year. Cohen joins iRobot at a tumultuous time. In 2002, iRobot effectively birthed the robotic vacuum, launching what is, to date, the only mainstream home robot category.
- TechCrunch
Xona Space Systems closes $19M Series A to build out ultra-accurate GPS alternative
For decades, the Global Positioning System (GPS) has maintained a de facto monopoly on positioning, navigation and timing, because it’s cheap and already integrated into billions of devices around the world. The startup plans to launch a satellite constellation in low Earth orbit that would act as a commercial GPS alternative. Xona was founded in 2019 by seven Stanford graduate school alumni; most met during grad school.
- Engadget
OpenAI is reportedly working on a search feature for ChatGPT
According to Bloomberg, the company is currently developing the capability, which can scour the web for answers to your queries and spit out results complete with citations to their sources.
- Yahoo Finance
Stock buybacks hit highest level since 2018
Stock buybacks are soaring in another sign that companies are feeling better about the macroeconomic outlook.
- TechCrunch
Google Wallet is now available in India
Google on Wednesday launched its digital wallet in India with local integrations, nearly two years after the app was relaunched as a digital wallet platform in the U.S. As TechCrunch exclusively reported last month, Google Wallet will operate in India alongside the existing Google Pay app, which will remain the company’s payments app in the country. Google had replaced its Pay app with Wallet in the U.S. in February.
- Yahoo Sports
Knicks lose C Mitchell Robinson for 6-8 weeks with ankle injury
Robinson had surgery on the ankle in December and missed 50 regular-season games.
- TechCrunch
NBA champion Kyle Kuzma looks to bring his team mentality to Scrum Ventures
Kyle Kuzma is a lot of things. "I'm part of a new generation of the NBA," Kuzma told TechCrunch in a phone interview. Kuzma, 28, joined early-stage-focused Scrum Ventures in March as an adviser to help with the firm's sports and entertainment fund, which is targeting $120 million.
- TechCrunch
Rivian loses $1.45 billion as cost-cutting measures continue
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The company cut another 6% of jobs in February 2023.
- Engadget
OpenAI partners with People publisher Dotdash Meredith
OpenAI is partnering with another publisher as it moves towards a licensed approach to training materials. Dotdash Meredith, the owner of brands like People and Better Homes & Gardens, will license its content for OpenAI to train ChatGPT.