Technology

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images The U.S. General Services Administration said Friday that the Defense Department has solicited bids from Amazon, Google, Microsoft and Oracle for cloud contracts. The outreach comes after

In this article 9868-HK GUANGZHOU, China — Xpeng unveiled a new electric sports utility vehicle Friday as competition in China’s new energy vehicle market continues to intensify. The G9 is Xpeng’s fourth production model. The company plans to launch the car in China in the third quarter of 2022, a person familiar with the matter

In this article RIVN LCID Shares of Rivian and Lucid Motors continued to fall Thursday as investors take profits and pull back from some of the EV hype driven by Rivian’s monster market debut. Rivian was down more than 13% while Lucid dropped roughly 12% as of midday. The electric vehicle makers have gained intention

In this article BIDU An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images GUANGZHOU, China — Baidu plans to launch its driverless taxi service in 100 cities by

In this article RIVN Rivian signage at the Nasdaq on their IPO day, November 10, 2011 in New York. Source: Rivian Shares of electric vehicle maker Rivian ended a week-long rally Wednesday, as investors pulled back from a monster run as speculation in the name eased after it surpassed Ford and GM in market value.

Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A hedge fund manager who put $96 million into Theranos said he thoroughly investigated the company but was still misled by CEO Elizabeth Holmes about

In this article RIVN Rivian employees stand beside the new all-electric pickup truck by Rivian, the R1T, as it sits at one of its facilities on November 09, 2021 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Rivian shares continued to rally less than a week after the company went

In this article JPM TSLA Maja Hitij | Getty Images News | Getty Images JP Morgan Chase filed suit against electric vehicle maker Tesla in a dispute over warrants, according to court filings out Monday. The bank is seeking $162.2 million plus interest, attorneys’ fees and expenses. JP Morgan alleges that Tesla has breached the

A man demonstrates the uSens Inc. Impression Pi virtual reality and augmented reality interactive device at CES Unveiled, a media preview event for CES International, Monday, Jan. 4, 2016, in Las Vegas. John Locher | AP The so-called metaverse has a “big time” investment case, according to Puerto Rican billionaire businessman Orlando Bravo. Bravo, co-founder

In this article AAPL Wallet and keys Source: Apple Apple is making U.S. states foot part of the bill and provide customer support for its plan to turn iPhones into digital identification cards, according to confidential documents obtained by CNBC. The company requires states to maintain the systems needed to issue and service credentials, hire

Neal Stephenson Source: Mercatus Center at George Mason University Author Neal Stephenson shot to fame almost 30 years ago with the science-fiction novel “Snow Crash,” which envisioned a future dominated by mega-corporations and organized crime, competing for dominance in both the real world and the “metaverse,” a computer-generated world accessible through virtual reality headsets. Since

Dado Ruvic | Reuters The first bitcoin upgrade in four years has just gone live. It is a rare moment of consensus among stakeholders, and it’s a big deal for the world’s most popular cryptocurrency.  The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts,

In this article TSLA Elon Musk Mike Blake | Reuters Tesla CEO Elon Musk’s trust sold about $1.2 billion in Tesla stock on Friday, according to financial filings posted Friday evening. He still holds more than 166 million shares in the company. Musk sold about $6.9 billion worth of stock in the company over the

In this article TSLA SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Shares of Tesla declined 15.4% for the week after CEO Elon Musk commenced with his plans to sell a huge block of his holdings this

In this article TSLA RIVN Tesla Motors CEO Elon Musk speaks to the media next to its Model S. Nora Tam | South China Morning Post | Getty Images Tesla CEO Elon Musk said high production and break-even cash flow will be the true test for rival carmaker Rivian, which had a blockbuster IPO on

In this article RIVN After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion. R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much on his own after his company’s second day on the public market. Rivian shares popped 57% in

In this article TSLA According to financial filings out Wednesday, CEO Elon Musk is selling a block of Tesla shares via a plan that he set in motion on September 14 this year. The sales amount to more than 930,000 shares worth over $1.1 billion. He still holds more than 170 million shares. Musk sold

In this article RIVN Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Rajiv Patel, an environmental consultant in Austin, Texas, put down a $1,000 deposit on a Rivian electric SUV earlier this year. He has

In this article RIVN RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images Rivian Automotive

In this article RIVN R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share,