Rivian has delivered around 160 electric pickups. Yet its share price rose another 22% on Thursday, its second day of trading, giving it a total spike of more than 57% so far this week, and a market cap above $115 billion. That value is not very far from that of Volkswagen, which delivered 9.3 million vehicles last year and earned $12 billion. What’s happening is that, while the electric...
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DataRobot’s CFO, Three Other Senior Execs Depart Amid Fallout Over Share Sales
The chief financial officer and several other senior executives at artificial intelligence startup DataRobot have resigned as the company prepares a second round of layoffs this year, according to two people with knowledge of the situation. The changes, announced internally in a meeting, are the latest sign of an ongoing leadership shakeup following last month's resignation of CEO Dan...
Axios Selling Itself to Cox Enterprises for $525 Million
SoftBank Reports Record $23.4 Billion Loss on Stock Market Rout
Baidu Wins Approval for China’s First Fully Driverless Robotaxi Services
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