Connect with us

Published

on

Waymo’s completely driverless taxi is coming to Los Angeles, and will be open to the public starting this week. We got an advance ride in these self-driving electric cars and got a sense of what this level 4 system can do in one of the more chaotic driving situations in a city full of chaotic driving situations: a Santa Monica and Venice Beach weekend.

Waymo is the self-driving division of Google/Alphabet, founded in 2009, focusing on delivering fully autonomous driverless taxis.

It has been operating self-driving vehicles on public roads in some way or another since 2017, when it started supervised self-driving robotaxi operations around Phoenix, Arizona. At first it used Pacifica Hybrids, and now it’s using Jaguar I-Paces, festooned with all sorts of additional sensor hardware.

As of now, it has expanded its service area in Phoenix and opened driverless taxi service in San Francisco. At this point these efforts are far enough along that it’s even taking fares for rides in both locations.

In total, Waymo currently covers about 45 square miles in San Francisco (which is basically the whole city of San Francisco proper – it’s quite a small total area) and 225 square miles in Phoenix, which Waymo says is the largest contiguous autonomous car service area in the world.

In the time it has been operating, it has served “tens of thousands” of public riders according to Waymo.

But it hasn’t been in LA, a city that’s full of electric cars, until now. The cars have been roaming around and testing/mapping the region for months now, but public riders couldn’t hail them. That all changes this week.

How Waymo’s driverless taxi works

I brought a friend along to help keep eyes on the car and analyze its decisions (and, well, because it was a fun day out), but the car still had us at a disadvantage – our four total eyes are no match for Waymo’s nine cameras, six radars, and five spinning laser detectors (LiDAR). And Waymo’s sensors are positioned at the corners and above the car, giving more viewing angles than a single driver is capable of.

waymo driverless taxi sensor hardware

These sensors were all designed and developed by Waymo, as the company says it couldn’t find hardware to meet its needs when it started looking for them.

Waymo says that these sensors combine to keep track of everything going on around the car, including down to identifying different classes of pedestrian (adult, child, wheelchair-users, etc.) and even identifying pedestrian intent (whether one is about to cross the street, for example).

Autonomous drive systems are ranked from level 0-5, describing how much capability the system has. In general, levels 0-2 are primarily human-driven, and levels 3-5 are primarily autonomously driven.

Most manufacturers selling cars today have some sort of driver assistance system that can be categorized as level 2. There is one level 3 system, Mercedes DRIVE PILOT, coming to the US soon (we tested it in Santa Monica last month). This system can take control of the car in certain limited circumstances and legally can be considered the driver, but you still need to be in the driver’s seat as a fallback driver.

But driverless taxi companies like Waymo and GM’s Cruise are level 4. This means that the cars are validated to run all the time with no fallback driver, and nobody in the driver’s seat – though may still be limited to certain areas, conditions or times of day (level 5 will eventually have none of these limitations).

Waymo’s LA tour

In this case, Waymo’s coverage in Los Angeles is currently limited to Santa Monica and Venice Beach, but is operating 24/7 for now within that area:

But Waymo is “going on tour” around other parts of Los Angeles in the coming months, and will host pop-up events in various locations where the public can show up to learn about Waymo and get a ticket to use the service for free for a week.

The cars will take riders in Santa Monica until November 18th, and then they’ll hop along to five other locations in LA for about a month each. Pop-up events for Santa Monica/Venice are on October 11th at Third Street Promenade and November 11th on Abbot Kinney. Pop-up events for other parts of town will be announced later:

You can also sign up for the waitlist and hope to get invited when the service comes to your area.

Calling your driverless taxi

To order the car, you use the Waymo One app, which functions almost identically to any other ride-hailing app. Up to four total passengers are allowed – just like with other ride-hailing apps, you can sit in any seat you want, except the driver’s seat.

You select where you want to go and the app automatically picks what it considers a good pickup location nearby. This may be a short walk away from where you selected (in our three pickups and dropoffs, it always was), in which case the app will give you walking directions to where to go. As for pricing, it’s free for now in LA, but Waymo is “evaluating pricing models.” In the past, it has said it will use surge pricing, while Cruise said it will not.

Even though the car decides pickup/dropoff locations, you should still use your human brain and not offload all the decisionmaking to the vehicle (even though that’s literally the entire point of this exercise). We noticed that the car occasionally made odd decisions, like thinking it could pick you up in a place that would be hard to find a spot to pull over in, or behind a pay gate at a public parking lot.

So before calling the cab, try to have a look around and find a good spot to get picked up. And if you know you’re going to a tough dropoff spot, maybe help the car pick a spot that’s a block away or so. And it might be a good idea for Waymo to add a note about this to the onboarding process for new users.

You can track the car on its way to meet you the same way you can in any other ride-hailing app – the only difference from other ride-hailing apps is there’s no live graphic showing roaming cars prior to selecting. Waymo wouldn’t tell us how many cars it has operating in the area (merely saying the tour uses a “limited” number of vehicles for now), but we never had to wait more than a few minutes for a car and we did ride in three different cars on our three trips.

As the car pulls up, you need to have your phone out so you can unlock the car. If you’re having trouble finding your car, or if driverless taxis are so common in the area that you can’t figure out which one is yours, you can set a two-letter monogram in a color of your choice in the app, and your car will be tagged with your monogram. And if you have vision-impairments or just want to have a little fun, you can use the app to honk the car’s horn or play a gentle melody to help you find your chariot.

It even has a pretty substantial trunk, though we didn’t use it. This comes in useful for Waymo’s Phoenix Sky Harbor airport service, and maybe at some point we’ll see the same for LAX (though as far as chaotic airport driving situations go, every Angeleno knows that LAX is world-class terrible, so maybe don’t hold your breath).

Once you’re in the car for the first time, you get a one-minute video giving you basic information of how the system works. Each car has an airline-like informational placard in the seat-back container, and some of the cars we rode helpfully came with wrapped N95 masks and barf bags (perhaps the others were taken as souvenirs… or used).

Then you can play music from the car or from your phone, though the car will only interface with your music through Google’s app ecosystem (I would much rather it be capable of some kind of ad hoc bluetooth pairing without having to download another app, so that audio from other apps, e.g. Apple Podcasts, were usable).

Venice on a weekend: our ride in perfect chaos

With our chance to ride the system early, we decided to give the car a real challenge in one of the most chaotic situations in a city full of chaotic driving situations: Venice Beach on a weekend.

As is the case with many beach communities, Venice Beach can be tough to drive around. There are tons of pedestrians wandering aimlessly, tourists who don’t know the roads and are distracted with the sights, people hunting for parking (or double-parked), generally smaller and older roads, alleyways, one-way streets, bicycles… and sometimes even a person pushing a washing machine on a dolly (yes, the car did recognize this obstruction).

So this was certainly a challenging environment for a driverless taxi, and one which would show off its decisionmaking capabilities (or potential lack thereof?).

Soon after the start of the drive, we witnessed the car’s pedestrian-intent detection in action. It stopped rather abruptly for a pedestrian who, to our human eyes, had not really telegraphed their decision to cross. Personally I think I would have continued through the intersection in this circumstance, since if the car had remained at speed, the pedestrian would have just crossed behind us, and it wasn’t obvious that they wanted to cross in the first place. Nevertheless, I think this was a good decision made by the car.

This suggested to us right off the bat that Google’s algorithm seems to put a premium on being a courteous road user, particularly towards the more vulnerable segments of road users.

We saw this happen again not long after, when pedestrians sauntered across the road against our green light. They saw us coming and stopped to at the median, but the car still slowed down in anticipation and due to their presence near our path (note: in a positive move against car overreliance, jaywalking is no longer ticketable in California, though pedestrians must remain cautious/aware).

As far as other non-car road user interactions go, the car also:

This was all reflected in the in-car display. It’s nice to see reflections of the real world on the screen, to add confidence for passengers that the car isn’t just making it all up as it goes along.

The display is slightly less detailed than other systems, rendering flat squares and circles instead of representations of each tracked object. This looks cleaner and more stable (as opposed to the often-jiggly lines of Tesla FSD), but not quite as bang-pop-wow as seeing tiny trucks and motorcycles properly rendered in a visualization (though we’re guessing washing machines wouldn’t have made the cut for inclusion into rendering).

Getting dropped off in Venice, our driverless taxi was quite hesitant in creeping up to the dropoff point. We noticed the same behavior in each dropoff, while the car did usually pick areas that were good for dropping off (low traffic, wider roads, etc.), it often seemed indecisive for the last 20 feet or so worth of finding a spot to stop.

After a quick walk around, we called another cab, but soon after realized we were standing within a paid parking lot manned by an attendant, which the car would not be able to get to. The car probably would have picked a spot to pull over, but given the gridlock line of cars waiting for the pay lot or to turn down the alley to avoid it, this probably would have caused even more chaos.

So, this is an example of why we should use our human brains and eyes to help ensure good pickup locations, because the map didn’t seem to know about the entry to this parking lot. Luckily, the app lets you adjust your pickup location after calling a cab (though the app did freeze up after we requested adjustment and needed a reboot, but the adjustment was still registered).

But we weren’t able to adjust our destination in the app while the car was in operation – perhaps due to an app bug, because a button does exist to allow adjustments, it just didn’t work for us.

This was related to probably the worst moment of the drive, where our driverless taxi wanted to make an unprotected left from an alleyway into two lanes of gridlock and simply could not find a place to do so. Despite having several options: a “keep clear” section across the way with a second target lane it could have entered, or a right turn, or straight ahead into another alleyway, it wanted to wait for cross traffic to offer lots of space for it to turn left. But that just wasn’t going to happen in weekend beach traffic.

So it waited. Through two traffic light cycles. Until a car pulled up behind us and started honking, then two cars pulled in around us and started honking at the first honking car. Then, the car reached out for help, and “the team” intervened to get things back on track.

Waymo has a “fleet response team” who can respond in situations like this where things get unpredictable. The car still stays in control, but the fleet response can “provide guidance” to the vehicles. Here’s how Waymo described it to us:

Waymo’s fleet response team is like the air traffic control for our fully autonomous cars. Our fully autonomous system is designed to recognize unexpected situations and contact our fleet response team, who can confirm what the car is seeing and provide additional contextual information. 

For example, if a Waymo vehicle detects that the road ahead is closed due to construction, it may pull over and request confirmation from our fleet response specialists before taking an alternate route. Our specialists can then confirm that the vehicle correctly perceived the construction zone and communicate the lane closure to the rest of the fleet. 

Waymo’s fully autonomous cars are responsible for making every driving decision on the road and do not rely on a human driver, either in the car or remotely. 

Input requests from Waymo’s fleet of autonomously driven vehicles are distributed amongst the fleet response team who can provide the Waymo Driver guidance when prompted. 

Soon after “the team” chimed in, we took a right turn, which probably would have been the right thing to do to begin with, and then continued through the rest of Venice. Then, just a minute after the worst moment of the trip, we had the best moment.

Our car came up on a diagonal merge into a construction-affected intersection with closed lanes on the right causing traffic to have to merge into oncoming lanes. Behind us, there was a bus parked and a large “tree work ahead” sign obstructing view of traffic coming behind into the lane we were meant to merge into. The car intended to turn left through the half-closed intersection, but there were two stopped vehicles in the way.

So the car pulled out and around the two stopped vehicles into the median left-turn lane, yielded momentarily for oncoming traffic, then turned left into a space in front of an oncoming bus that was definitely enough space to move through, but we also wouldn’t have been surprised if it had waited.

This, I thought, was a particularly clever move in a tough situation, which respected rules and other drivers enough, while still doing what would get us to our destination more quickly than waiting forever for things to clear up. It felt competent, confident and planned. It almost felt human.

But then another tough situation soon followed. I had asked the car to drop us off on Santa Monica Pier, knowing that there is a parking lot on the actual pier itself. The car sagely decided that this was a ridiculous idea, and picked a parking lot just beside the pier, which took a bold move to get to.

But it turned out the parking lot was full, and the arm for the lot was down, and cones were laid out on the street stopping people from turning and getting stuck down there.

As the car pulled up (after momentarily avoiding an oncoming cyclist in our lane), it noticed the cones in front of its desired lot and rerouted to another dropoff spot a few minutes down the way. But then a fellow electric car, a Model X, drove around the cones, and our car wanted to be with its zero emission friend so it followed the cardinal rule of parking: if other people are going there, it must be fine, right?

So it re-re-routed back onto the original route, avoided the cones, and… got stuck. We pressed the “drop off” button, which accidentally connected us to support, so we quickly explained the situation and got out. To be fair to the Waymo, we saw several other human drivers go down the same coned-off path, only to get stuck and have to turn around, though they had a much easier time doing three-point turns than our car did.

driverless taxi stuck at santa monica pier

We stood around waiting and talking to some onlookers who were quite amused at the sight of a driverless taxi. Eventually, either through contact from “the team” or because it got spooked by a wheelchair-accessible van that hopped the curb to get around the stuck Waymo, our car backed up, realized it could make the turn, and went along its way.

Speaking of onlookers, throughout the ride, our car was a matter of public interest to everyone around. It was interesting witnessing the mix of reactions – surprise, joy, bemusement, annoyance, and so on. And it made for an easy conversation piece – we could roll down the window and talk to pedestrians waiting at a light, or talk to anyone nearby after being dropped off, because everyone was interested in seeing it (and several took photos/video as well).

Our next leg back was, in comparison, relatively tame. Other than once again having to adjust the pickup location – the car thought it could pick us up in the busy intersection in front of Santa Monica Pier and right at the edge of the coverage area, and we decided to take it easy on the car and walk a block down, near where the car got stuck before – there was a lot less chaos on the way back.

And by “a lot less chaos” I mean only one car blatantly ran a red light directly in front of us. Our car told us it was “slowing down for vehicle on the left” when this happened, but then continued on as the car cleared the intersection, and when it noticed the cars behind it were thankfully not running the same red light.

Then, with little else eventful beyond waiting for a passing train and finding our way to a nice wide and empty street to carefully creep up to a once-again-quite-cautious dropoff, our driverless taxi day was over and we had to go back to using our hands and feet like chumps again.

Electrek’s Take

In terms of my autonomous drive experience, I’ve spent a good amount of time driving Teslas on Autopilot and FSD and in various other manufacturers’ Level 2 systems, have driven Mercedes’ Level 3 Drive Pilot system on Santa Monica freeways (but not surface streets – it only works on freeways), and ridden in another trial geofenced Level 4 system with a backup driver and engineer in the car.

So this is the “most autonomous” drive I’ve taken yet, my first truly driverless taxi ride, with nobody watching over the car. Same goes for my co-passenger, whose experience was previously limited to level 1-2 systems.

In the end, despite the several bizarre situations we encountered, we came out impressed at the capability of the system to handle all of them – in some way or another.

While sometimes the decisions were a little hesitant, or late, or the car got paralyzed with indecision, at no point did it actually feel like a danger. Was it an inconvenience, to other drivers? Yes, certainly a few times, primarily on side streets.

But more importantly, was it a problem for pedestrians or other road users? In our limited (but chaotic) testing, it didn’t seem so. While at one point we encountered pedestrians who were worried about crossing once they noticed the lack of driver, the car still seemed to show significant deference to them, probably moreso than the average driver does.

And that’s an important thing. Frankly, our roads need a realignment towards non-car users, so if this system nudges the line a little in that direction, that’s great.

Now – would I take it again, and could I rely on it, enough to get rid of a car or other ride-hailing apps (putting aside for the moment my refusal to use those apps for political reasons)? I’d take it again certainly, and would prefer it over other ride-hailing apps if it were cheaper.

If it were the same price, then my internal desire to chat with every ride-hailing driver would have to compete with my internal desire to try out new technology (and chat with random passersby who are excitedly filming my headless chariot). My decider would probably be whether there’s currently a COVID spike happening (having the car to oneself is nice, in this instance) – or, for people with other personal safety concerns or who have social anxiety, I could see the system, as it is, being a great boon for them.

And the fact that I’m sitting here balancing a driverless taxi relatively evenly against a professional human driver is telling. While it’s clearly not as good as a good driver (and not as confident as even an average one), it’s better than a bad, overly aggressive or distracted driver, and is much better than learning or unfamiliar drivers I’ve been with (for example, a European friend was terribly unconfident at driving when he first moved to California, and I would pick Waymo over how he used to drive – he’s better now, thankfully).

But as for getting rid of a car? Here in SoCal, it’s hard not to own a car, but Waymo says that in other service areas some two-car families have gone down to being one-car families, knowing that Waymo could be relied upon as a backup.

With only one day of testing in a temporary service area, that overall reliability is not a question I can answer. We didn’t have long waits, but we were riding on a media preview weekend and weren’t on any particular schedule.

So it would probably be hard for a SoCal driver to eliminate a car completely from their life for now – especially given the limited coverage areas, but perhaps even if the area covered the entirety of the LA basin, due to the lack of other non-car transportation infrastructure here.

But in cities that are more walkable or which actually have other public transit methods available (*cough* thanks GM…), like San Francisco, I could certainly see Waymo as more than just a novelty, even with its current capabilities, and slot it in as another effective transportation method to be used routinely when situations call for it. Even above other ride-hailing apps. In fact, I know someone who has done this – he moved to SF, sold his Tesla, and is using Waymo as one of his essential transportation options, along with BART and Muni.

That replacing a human driver with a robot one is even a question at this point seems like a triumph for Waymo’s driverless taxi operation. Now, we just need to see if they can scale up with more testing, more cars, reasonable fare structures, more coverage areas, level 5… you know. Nothing much.

But hey, the finish line at least looks like it exists, right? Even if you need to squint a bit to see it. And that’s something.

(Over the course of this article I’ve included timestamped links to a 33 minute lightly-edited video of all the drives of the day, but if you want to watch the whole thing and scrub around for yourself, you can do so below or over on YouTube)

Check out 33 minutes of our driverless taxi ride over on YouTube

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Trump’s crypto-frenzied inauguration weekend makes first family billions of dollars richer

Published

on

By

Trump's crypto-frenzied inauguration weekend makes first family billions of dollars richer

Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday evening

MacKenzie Sigalos

As the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming changes than the person leading the charge: President Donald J. Trump.

On Friday night, crypto A-listers rubbed elbows with political elites and members of Trump’s inner circle at the Crypto Ball, held at the opulent Mellon Auditorium, just down the street from the White House.

Meanwhile, Trump’s net worth was about to explode from an asset that, up to that point, didn’t exist. The same night of the party, the incoming president launched $TRUMP, a meme coin built on the Solana platform. Its market cap over the weekend climbed past $14 billion. Like with other meme coins, there’s no underlying product. Trump told his followers in a social media post, “It’s time to celebrate everything we stand for: WINNING!” 

The website for $TRUMP says 80% of the coins are held by the Trump Organization and affiliates.

Inside the Crypto Ball were some of the leaders of the platforms allowing ordinary investors to buy into Trump’s newest project. They included Coinbase CEO Brian Armstrong and Kraken co-founder Jesse Powell.

Trump wasn’t done after one token.

On Sunday came the introduction of $MELANIA, named after the first lady. The coin quickly spiked more than 40%, surpassing $2 billion in value. Both the Trump and Melania coins have dropped significantly from their highs.

Then there’s World Liberty Financial, a decentralized finance project endorsed by the Trump family, which hiked its token price from 1.5 cents to 5 cents and released an additional 5 billion tokens for sale. The project, initially launched in September, has raised more than $300 million in total sales so far, according to blockchain firm Arkham Intelligence.

The Trump family gets 75% of World Liberty’s crypto coin revenue, according to the project’s founding document. On-chain data shows millions of dollars worth of token transfers to Coinbase’s institutional custody provider.

“We’re making routine movements of our crypto holdings as part of regular treasury management, payment of fees and expenses, and to address working capital requirements,” World Liberty said in a statement.

CNBC reached out to Donald and Melania Trump earlier Monday and didn’t receive a response.

‘Reign of terror’

In the period of 48 hours, the Trump family’s net worth surged by billions of dollars, based on holdings of its just-launched digital assets, underscoring the unregulated nature of cryptocurrencies and the president’s ability to use his fame, power and newfound partnership with the nascent industry to enrich himself, his family and his allies at the flip of a switch.

Broader market enthusiasm has been expressed in the price of bitcoin, which surged to an all-time high hours before the inauguration to nearly $110,000. Crypto industry leaders and investors emerged as some of Trump’s biggest supporters in the campaign in an effort to influence future policies and to ease the restrictive regulations imposed during the Biden administration. In July, Trump delivered the keynote at the Bitcoin Conference in Nashville, Tennessee.

Digital asset entrepreneurs, politicians, and members of Trump’s inner circle hit the red carpet at the first-ever Crypto Inaugural Ball in Washington on Friday.

MacKenzie Sigalos

“The reign of terror against crypto is over,” David Sacks, a prominent Silicon Valley investor and the new White House AI and crypto czar, told the packed D.C. ballroom on Friday night. His comments were met with applause that echoed beneath the Mellon Auditorium’s soaring columns.

Sacks, an earlier Trump critic who said the events of Jan. 6, 2021, had “disqualified” him from being a candidate at the national level, threw his weight behind Trump last year. He hosted a high-profile fundraiser at his San Francisco mansion in June and regularly promoted the Republican candidate on the popular “All-In” podcast.

“The beginning of innovation in America for crypto has just begun,” Sacks added on Friday.

On X, formerly Twitter, conversations were lighting up about the new $TRUMP coin. There was plenty of skepticism from those in and around the industry.

“Trump needs to fire his crypto advisors, from top to bottom and replace with people who know what they are doing,” wrote Gabor Gurbacs, founder of digital asset firm Pointsville, in a post on X. “The memecoins cost the US, the presidency and his family a lot of credibility and the consequences haven’t even started.”

Mark Cuban, the billionaire former tech entrepreneur and part owner of the Dallas Mavericks, commented on the apparent lawlessness of it all. Cuban, a longtime independent who became a vocal supporter of Democratic nominee Kamala Harris, said the coins are particularly harmful to the crypto industry in its effort to prove its legitimacy.

“Hello every scam targeted at everyone and anyone who has no clue about crypto,” he wrote.

But at the pre-inauguration party, Trump’s new coin wasn’t much of a topic. Rather, the chatter centered on the broader implications of Trump’s policies, which promised to dismantle years of regulatory gridlock in the Biden administration.

“Two years ago, everyone thought crypto was dead,” said one attendee who asked not to be named in order to speak candidly on the topic. “A year ago, we were begging for help, and this weekend, we’re on top of the world.”

Crypto firms made substantial contributions to Trump’s inaugural fund, signaling their enthusiasm. Ripple donated $5 million in digital tokens, while Coinbase, Kraken, and Circle each gave $1 million. Online brokerage Robinhood contributed $2 million.

Inside the first-ever Crypto Ball at the Mellon Auditorium in Washington ahead of the Donald Trump Inauguration.

MacKenzie Sigalos

Coinbase and Kraken have both been battling the SEC in court. Robinhood received a Wells Notice in May related to its U.S. crypto business, which is typically one of the final steps before the SEC issues formal charges. Ripple has been in a years-long legal fight with SEC and outgoing Chairman Gary Gensler.

“The question now is, what do we do with this momentum?” said Ripple Chief Legal Officer Stuart Alderoty, who attended the Friday night festivities. “How do we take that momentum and move forward to really create the promise that I think this new administration has of making the U.S. the crypto capital of the world?”

Alderoty wants to see a coalition formed to discuss unified policy priorities.

“Ultimately, Congress will own the policy, and we can’t dictate to Congress what the policy should be,” Alderoty said. “It would be great if, ahead of that, in the face of the most crypto-friendly Congress we’ve ever had, there could be some alignment on what the priorities are,” Alderoty said, noting that the industry has splintered in the past when proposals have been introduced.

Inside the Crypto Ball

There was a hefty dose of lawmaker support at the party, all from the Republican side of the aisle. House Speaker Mike Johnson was there, along with Senators Marsha Blackburn, Ted Cruz and Cynthia Lummis. Former House members French Hill and Patrick McHenry arrived to show their support.

Cleanspark CEO Zach Bradford, who has been meeting with Trump in private roundtables to discuss bitcoin mining, said he spoke with Howard Lutnick, Trump’s pick to be Secretary of Commerce, at the event.

“We talked about bitcoin mining and how bitcoin, but also bitcoin mining, can be a central point of commerce,” Bradford told CNBC.

Bradford said he emphasized to Lutnick the potential for bitcoin mining to be a significant economic driver.

“It’s a positive revenue generator from a net production perspective,” Bradford said. “But we’re also contributing significant tax revenues for the states where we operate.”

Bradford said Lutnick is “excited about it,” describing him as “somebody that gets bitcoin.”

Scott Bessent, likely to be the next Treasury secretary, made his way through the main floor of the ballroom and took photos with attendees.

Koh Harada, COO of Aleo, a privacy-focused blockchain, said Bessent was “pretty coy about things, but the fact that he was even there was very interesting.”

Aleo, which has raised over $200 million from investors including SoftBank and Andreessen Horowitz, chose to establish in the U.S. while many rivals opted to launch from offshore jurisdictions like the Cayman Islands as a shield from various regulations.

“We didn’t set up shop in the U.S. on a whim,” Harada said. In talking to a mix of legal and compliance experts, the company realized that “America is the best fertilizer for tech — period,” he said.

Aleo, which combines privacy-focused functionality with smart contract capabilities, has become a go-to resource for other startups looking to return to the U.S., Harada added. The company picked Wyoming, a state known for its crypto-friendly policies.

“Wyoming stood out as the most welcoming state for crypto,” Harada said. “They’ve created forward-thinking policies and are even establishing blockchain research centers at the University of Wyoming.”

It was the side conversations in the MAGA Inc. VIP Reception greenroom where the most significant exchanges of the evening unfolded.

MacKenzie Sigalos

Also in attendance on Friday was MicroStrategy founder Michael Saylor, wearing his trademark orange bow tie, a nod to bitcoin’s iconic color. Ripple CEO Brad Garlinghouse and top execs at Coinbase, including global policy head Faryar Shirzad, mingled with guests.

The Winklevoss twins chatted in a group that included Chris Dixon of Andreessen Horowitz and his colleague, Sriram Krishnan, who recently left his role as a general partner at the firm to join Sacks’ task force. Bo Hines, Trump’s choice to lead the Presidential Council of Advisers for Digital Assets, was also present. He’ll report directly to Sacks.

While Snoop Dogg performed in the main ballroom, venture capitalist Katie Haun was engrossed in conversation with Galaxy Digital’s Mike Novogratz. Other musical guests Rick Ross and Soulja Boy, who was charged by the SEC in 2023 for illegally promoting a crypto token without disclosing he was paid, kept the larger crowd entertained.

Guests were issued wristbands based on status. Black wristbands signified general admission and gold allowed entry to a VIP balcony. White bands granted the most exclusive perks. General admission cost $2,500, and some sponsors paid $1 million for access to the greenroom on the ground floor tucked behind the stage in the main ballroom.

Tightly guarded by security, Donald Trump Jr. donned custom MAGA buttons on his shirt as he swiftly made his way into the innermost chamber of the VIP section, a room barricaded by a rotating bouncer and only allowing in certain guests. Along with Sacks, and Speaker Johnson, he could be seen conversing with Fred Thiel, CEO of mining company MARA Holdings.

Thiel shared details of a blockchain initiative his company had launched earlier that day with Johnson, an effort designed to symbolize the intersection of crypto and politics.

“We minted a block on the blockchain with a portrait of President Trump, created entirely from transactions,” Thiel said.

Speaker of the House, Mike Johnson, with Mara CEO Fred Thiel. Johnson seen texting President Donald Trump a photo of the Trump47 bitcoin block minted by Mara earlier that day.

Fred Thiel

The so-called Trump47 block embedded Trump’s headshot into the Bitcoin blockchain, creating a lasting digital tribute to the president.

“We released it Friday morning, and it went viral,” Thiel said. He added that Johnson “was so impressed” that he texted Trump a picture of it.

Tracy Hoyos-López, a former California prosecutor and one of the people credited with turning Trump pro-bitcoin, was also at the event.

“Don’t mess with crypto,” Hoyos-López, who helped to plan the evening’s celebration, told CNBC while Snoop Dogg was performing his live set. “Our event is a symbol of who we are in the world.”

WATCH: Bitcoin surges past $100,000

Bitcoin surges past $100,000 as Trump reportedly plans to unveil new crypto policies

Continue Reading

Environment

Southern Company announces 6 month, grid-enhancing EV fleet pilot

Published

on

By

Southern Company announces 6 month, grid-enhancing EV fleet pilot

On today’s episode of Quick Charge, Southern Company’s Tom Canada talks us through the utility’s new, six-month pilot program that aims to overcome some of the perceived barriers to EV adoption by demonstrating the transformative potential of EV adoption in commercial fleets.

Developed in partnership with Ford Pro, the Southern Company pilot will see more than 200 F-150 Lightning trucks incorporated into the utility’s existing vehicle fleet, will leverage pricing signals and demand response to evaluate the impact of cost-effective charging within a fleet environment while demonstrating the efficiency of using established charging depots.

In addition to exploring the cost-savings of EV vs. ICE, the pilot will also explore the use of software to automate charging schedules, which would enabling customers to charge at times that minimize both their electricity costs and reduce any potential strain on the electric grid.

Tom Canada, a Southern Company sr. account manager who’s been leading the charge on fleet electrification, joins us on today’s episode to tell us more.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Hyundai launches new Creta Electric SUV in India, starting at just $20,000: Meet the new EV

Published

on

By

Hyundai launches new Creta Electric SUV in India, starting at just ,000: Meet the new EV

Hyundai officially launched its newest electric vehicle, the Creta Electric, in India. It starts at just over $20,000 and has a range of nearly 300 miles. The Creta EV is Hyundai’s first electric SUV made in the country. Here’s a look at the new model.

Hyundai reveals Creta EV prices start at $20,000

Since it hit the market in 2015, the Hyundai Creta has been a massive success for the company in India. The SUV led Hyundai India to another record sales year, with 186,919 models sold in 2024.

Hyundai sold a record 605,433 vehicles in India last year, up from 602,111 in 2023. Including exports, Hyundai India sold 764,119 vehicles in 2024.

“Achieving highest ever domestic sales three years in a row, reflects customers’ preference for brand Hyundai as their trusted smart mobility solutions provider,” Hyundai India’s COO, Mr Tarun Garg, said earlier this month.

The Creta was the company’s main growth driver, accounting for over 30% of sales. With its highest yearly sales since launching, “CRETA continued to strengthen HMIL’s position as an SUV leader, helping HMIL accomplish its highest-ever domestic SUV contribution of 67.6% in CY 2024,” he added.

Now, Hyundai’s top-selling SUV in India is going electric. Earlier this month, Hyundai unveiled the electric SUV for the first time. On Friday, at the Bharat Mobility Global Expo, Hyundai launched the Creta EV, which starts at just Rs 17.99 Lakh, or just over $20,000.

It’s available in four trims: Executive, Smart, Premium, and Excellence. The most expensive Excellence trim starts at Rs 23.50 lakh, or about $27,200. In comparison, the gas-powered SUV starts at around $12,800 (Rs 10.99 LAkh).

Buyers can choose from two battery packs, 42 kWh and 51.4 kWh, offering a driving range of 390 km (242 miles) and 473 km (294 miles) in India.

Hyundai is confident that the Creta EV “will further expand the appeal of this Undisputed, Ultimate SUV,” Mr Tarun Garg said.

Hyundai plans to launch five new EVs in India by 2030, including the new Creta. To meet the growing demand in the region, it’s also planning to launch three-wheel electric cars.

Although Hyundai is not launching the Creta EV in the US, the company is introducing a series of new and upgraded electric models this year. The 2025 IONIQ 5 now features more driving range and comes with an NACS port for charging at Tesla Superchargers. Meanwhile, Hyundai’s first three-row electric SUV, the EV9, will arrive shortly.

Would you buy the Hyundai Creta EV for around $20,000? Let us know in the comments below.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending