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Canoo’s latest defeat, stories from Waymo players and what Trump’s victory means for Elon (and his corporations)

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Welcome back TechCrunch Mobility – Your central hub for news and insights on the long run of transport. Register here for free – just click TechCrunch Mobility!

The election has only been two days and there may be already numerous speculation concerning the next election Trump’s presidency will mean for transport and technology, in addition to related sectors akin to energy and climate. Many of those questions will take months to reply. We will observe and report on what impact this may increasingly have on the long run of transport.

Early on, we produced several articles that examined who might win, who might lose, and how specific sectors might deal with changes in governance in the chief and legislative branches. TC reporter Tim De Chant provided evaluation on why President-elect Trump may find it difficult to lighten the mood Act on reducing inflationand reporter Rebecca Bellan examined what this victory could mean Elon Musk and his corporations including Tesla, SpaceX and X.

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Little bird

Image credits:Bryce Durbin

A little bit bird told us that Tesla has definitely given up on its $25,000 electric vehicle and replaced it with a robotaxi. The breakthrough that got here in April, when Musk announced that Tesla would unveil its robotaxi this 12 months, got here as a surprise to many Tesla employees who were enthusiastic about the opportunity of constructing a less expensive electric vehicle that their children could sooner or later afford. This change in strategy, combined with mass layoffs earlier this 12 months, led to low morale amongst employees and even some departures. But our little bird says morale is slowly improving.

In other baby bird news…

Just a few little birds told us concerning the launch of electrical vehicles Canoo struggled with executive departures and more furloughs. Just a few days later, before the newsletter was able to ship, our information was verified in a regulatory document: the CFO and general counsel had left, which, amongst other things, resulted within the furloughing of 30 employees.

You can even see these instructions to learn the best way to contact us via the encrypted messaging app or SecureDrop.

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Offers!

money for the station
Image credits:Bryce Durbin

Beta technologiesstartup developing electric planes for vertical takeoff and landing had an enormous round of funding — 318 million largeand yes, I mean dollars. The Series C financing round was led by Qatar’s sovereign wealth fund. Fidelity, TPG and United Therapeutics, which can also be a client, joined the round. This brings Beta’s total funding to over $1 billion. Not a word concerning the valuation.

As Rebecca Bellan noted in an article earlier this 12 months, Beta doesn’t wish to run its own urban air taxi network. Beta is positioning itself more as an OEM that may sell aircraft and charging solutions to multiple customers. The company has assured security for customers within the defense, cargo delivery and medical logistics industries – akin to United Therapeutics, UPS, Air New Zealand and the United States Air Force – with plans to launch products in these markets by 2025.

Other offers that caught my attention…

DeepRoute.aiShenzhen-based autonomous driving technology startup raised $100 million from Great Wall Motor. The funding is meant to assist DeepRoute introduce automated driving systems to as many vehicles as possible in China before Tesla launches next 12 months.

Last week we reminded you Waymo closing a $5.6 billion round from parent company Alphabet. Well, Bloomberg spotted the valuation, which their sources say is currently at $45 billion.

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Van revised the valuation of Indian passenger transport startup Ola to around $2 billion at the tip of August.

Xavveostart-up coping with autonomous vehicle sensor technology, raised $8.6 million in a seed round co-led by Vsquared Ventures and imec.xpand.

Noteworthy reading and other interesting facts

Image credits:Bryce Durbin

Autonomous vehicles

Lift announced three separate partnerships — with a startup May mobilityautomated vehicle company Mobileyeand the corporate’s smart dash camera Nexar — all aimed toward gaining a foothold within the emerging autonomous vehicle market. All of those Uber and Lyft partnerships take me back to the hype days of AV in 2017 and 2018.

Electric vehicles, charging and batteries

Ferry said it is going to halt production of the F-150 Lightning electric pickup truck starting in mid-November for nearly two months because it grapples with reduced demand, increased competition and losses in the electrical vehicle industry.

Hurry up unveiled by an Electric camper concept which he describes as “the perfect escape pod,” Ars Technica reports.

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Technology and software within the automotive

Reporter Sean O’Kane spoke with Rivian’s software chief Wassym Bensaid on the sidelines of TechCrunch Disrupt and learned that it’s working on an ecosystem for third-party developers that may make more apps available on the vehicle’s infotainment system.

This week’s wheels

Waymo Jaguar i-Pace fully autonomous robotaxi in San Francisco
Image credits:Waymo

This week, I’m reaching out to a handful of TechCrunch staffers who took their first Waymo rides while in San Francisco for Disrupt 2024. I’ve ridden many autonomous vehicles, including a driverless Waymos, so I assumed it might be fun to share a newbie’s perspective.

Venture reporter Dominic-Madori Davis said: “I thought I would hate Waymo, but I didn’t. He drove like my mother. Quite careful, very slow. I felt as safe as I could in the self-driving car, and honestly, I was glad I didn’t have to talk about the weather.”

AI and enterprise reporter Kyle Wiggers said “it’s nerve-wracking, especially when other cars pass us.” Sitting with a shotgun, the entire experience felt unnerving. I expected the worst.” I asked him if he would take one other Waymo, and his answer was, “Yes, but carefully.”

Venture editor Julie Bort went on three rides. She noted that her first ride was somewhat scary because she “turned a bit wobbly in a narrow lane next to a row of parked cars.” He also did not turn right on a red light, which resulted in frustrated people honking. She also noticed that sometimes the costs were much higher than what Uber would charge, and the drop-off locations were strange and just across the corner.

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“All in all, it was a fun experience and if the car price is as affordable as other rideshares, I will do it regularly,” Bort told me. “But while it solved one security problem, it introduced others.”

Reporter Amanda Silberling said: “Waymo is like a roller coaster. It’s funny because it seems a little dangerous, but like a roller coaster, you know it’s been tested ad nauseam so it’s probably okay? If I wasn’t on a business trip with a corporate card, I don’t know if I could see myself using it because in many cases it was more expensive than Uber. Overall, I’m surprised at how safe I felt on Waymo rides, even though when I told my friends I was riding Waymo, they made me promise to text them once I arrived safely at my destination. My friends would react the same way if I was alone on the subway after midnight.”

This article was originally published on : techcrunch.com
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Apple supposedly considered the construction of the iPhone 17 air without ports

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A Apple Lightning port charging cable is seen with with an iPhone in this illustration photo in Warsaw, Poland on 05 October, 2022.

After reporting in (*17*) that Apple adds “air” to its iPhone offer, Mark Gurman Bloomberg is offering more details About the upcoming slim iPhone.

Gurman says that the iPhone 17 Air shall be launched this fall-like the MacBook Air, shall be thinner than standard models, while combining high-class and low functions. Apparently, this required “Hercule effort” of apple engineers to create a slimmer phone with thinner batteries without devoting batteries.

Gurman also informs that Apple considered making the first “completely free from the iPhone port”, and all charging is made wirelessly, and all data synchronization was made through the cloud.

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However, Apple decided to not follow this route, a minimum of for now, partly as a result of the concerns about how the European regulatory authorities-who have committed smartphone manufacturers to support USB-C-Mog connectors to react.

(Tagstotransate) Apple

This article was originally published on : techcrunch.com
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Dad and 16-year-old son are introducing a new financial coaching tool with AI-

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coach kai, Eric mcloyd

This revolutionary artificial intelligence is the results of the exceptional cooperation of Eric Mcloyd, Sr., an experienced advisor and financial trainer and his 16-year-old son Eric Jr., whose fascination with technology caused the thought of ​​this progressive tool.


Father’s determination to remodel the moment that could be taught into a breakthrough project led to creation KAI coachAI powered financial tool, which goals to supply financial coaching to all. This revolutionary artificial intelligence is the results of the exceptional cooperation of Eric Mcloyd, Sr., an experienced advisor and financial trainer and his 16-year-old son Eric Jr., whose fascination with technology caused the thought of ​​this progressive tool.

History began when Eric Jr. He got into trouble in school for using chatgpt to perform his tasks. Initially, his dad was frustrated, but he quickly saw the potential of his son’s ingenuity. Eric Sr. He decided to convey the instinct of his son’s technology to a constructive project: Building the AI ​​powered tool that might solve a universal problem-August problem for individuals who want financial coaching.

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“I met thousands of people who want and need financial coaching, but they were limited by access. Here is my son, who uses the latest technology with curiosity and ingenuity, “said Eric Mcloyd, senior.” He just needed a constructive way to direct him. “

The result’s Kai coach, a free financial tool, which connects over 10,000 hours of financial knowledge of Eric McLoyda Sr. with technological passion. Built on a proven approach to financial coaching, Eric Sr., Kai coach provides interactions based on goals geared toward directing users step-by-step towards financial freedom. It also provides direct access to supporting financial lessons and other educational content.

“Our vision is to provide financial coaching for everyone,” explained Eric Mcloyd, jr. “And although it is exciting to launch this tool, the best part works with my dad. This really taught me the power to transform challenges into possibilities. “

For his father, coach Kai is greater than just a financial tool – it’s a history of perseverance, innovation and family. “So here we are, father and son, ready to share Kai with the world,” he added. “Who knows? Maybe this is the beginning of my son’s journey as a financial professional. “

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Father’s determination to remodel the moment that could be taught into a breakthrough project led to creation KAI coach. This financial tool powered by artificial intelligence goals to supply financial coaching to everyone. This revolutionary artificial intelligence is the results of the exceptional cooperation of Eric Mcloyd, Sr., an experienced advisor and financial trainer and his 16-year-old son Eric Jr., whose fascination with technology caused the thought of ​​this progressive tool.

History began when Eric Jr. He got into trouble in school for using chatgpt to perform his tasks. Initially, his dad was frustrated, but he quickly saw the potential of his son’s ingenuity. Eric Sr. He decided to convey the instinct of his son’s technology to a constructive project: Building the AI ​​powered tool that might solve a universal problem-August problem for individuals who want financial coaching.

“I met thousands of people who want and need financial coaching, but they were limited by access. Here is my son, who uses the latest technology with curiosity and ingenuity, “said Eric Mcloyd, senior.” He just needed a constructive way to direct him. “

The result’s Kai coach, a free financial tool, which connects over 10,000 hours of financial knowledge of Eric McLoyda Sr. with technological passion. Built on a proven approach to financial coaching, Eric Sr., Kai coach provides interactions based on goals geared toward directing users step-by-step towards financial freedom. It also provides direct access to supporting financial lessons and other educational content.

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“Our vision is to provide financial coaching for everyone,” explained Eric Mcloyd, jr. “And although it is exciting to launch this tool, the best part works with my dad. This really taught me the power to transform challenges into possibilities. “

For his father, coach Kai is greater than just a financial tool – it’s a history of perseverance, innovation and family. “So here we are, father and son, ready to share Kai with the world,” he added. “Who knows? Maybe this is the beginning of my son’s journey as a financial professional. “

Learn more in regards to the Kai coach Here.

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This article was originally published on : www.blackenterprise.com
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VC Aileen Lee emphasizes how a wider investor Exodus worsens unhappiness for unicorn companies

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In the episode this week Download Strictlyvc Podcast, VC VC Aileen Lee, was directly with a significant consequence of the recent Boom and Bustu series: many companies got stuck within the abyss, not only fought for recovery of position after collecting an excessive amount of money on unbalanced valuations; They also lost the masters who once supported them.

Lee talked about how the partners of the limited partners hesitate to criticize the powerful managers of the fund, fearing that they might be cut off from investing in these companies again. But she imagined one thing they might say if they might speak freely:

“Everyone wants to get to the X brand fund, so they never criticize them (for fear of repercussions). . They probably speak about us behind our backs (laughs) … But what they would say is (that) all people who were employed in these companies in the Venture in the Era of ZIRP. . . They made several shit investments, “and now they’re elbows – except that it is just too late, Lee noticed. “All money (LPS) was basically simply thrown on drainage, because people from work of the undertaking did not remain long enough to see if the companies were successful.”

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Lee isn’t the fault of those newer investors. “Only a lot of people have not been trained and did not receive any mentoring or internship, as well as many investments and. As a result, there are many orphaned companies. ”

But there’s another excuse why the startups are left on their very own devices “and I think it is crazy,” said Lee; In many cases, the companies were orphaned by the senior general partner “who ran the investment – which is still there (in the company), but simply stopped appearing at the meetings of the board.”

This has been happening for some companies for years. Nobody had major care throughout the financing era with Covid, and the corner cut never stopped relating to the identical investments. But this can be a key reason why the growing variety of companies tries to search out external assist in exit strategies and why LPS can be justified in expressing greater frustration.

As one other a few years of VC, Jason Lemkin, told this editor at the tip of 2022, when VC for the primary time ceased to seem at startup meetings that lose their shoot: “(s) should not be controls and balances? Millions and millions are invested by pension funds, universities, widows and orphans, and when you do not perform any diligence on the way, and you do not perform constant diligence at a meeting of the board, in a sense you discourage your trust duties against LPS, right? “

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(Tagstranslate) aileen lee

This article was originally published on : techcrunch.com
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