Wayve CEO on London Self-Driving Cars Trial With Uber

Wayve Technologies CEO & Co-Founder Alex Kendall discusses the company's plans to remain "asset light" and adaptable for all car manufacturers. This comes after the startup's announcement earlier this week that they will be partnering with Uber to trial fully autonomous vehicles in London. The two companies have been working together for some time, with Uber owning a strategic investment in the London-based startup. Kendall speaks to Bloomberg's Tom Mackenzie at sidelines of Founders Forum in Oxfordshire, UK. (Source: Bloomberg)

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Rebecca Shi on ICE Raids Scaring Essential US Workers

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New York Post

an hour ago

• New York Post

SoftBank pitches chip giant TSMC on building $1 trillion AI hub in US: report

SoftBank CEO Masayoshi Son is pitching Taiwan Semiconductor Manufacturing Company on a massive $1 trillion complex in the US to build robots and artificial intelligence, according to a report. The giant robotics center would be based in Arizona, a version of the production hub seen in the Chinese city of Shenzhen that could help bring manufacturing back to the US, sources told Bloomberg. It comes as President Trump has been calling for an all-hands approach to bringing manufacturing opportunities to the US, especially by tech companies and automakers. 3 SoftBank's CEO Masayoshi Son speaking during a White House event as President Trump looks on. KEN CEDENO/POOL/EPA-EFE/Shutterstock Son is seeking out TSMC invest $165 billion in the US and has opened its first Arizona factory – as a partner, according to the report. It's unclear what role Son sees for the Taiwanese chip giant, which makes Nvidia's most advanced chips, and if the company would even be interested in the project. TSMC declined to comment. Codenamed 'Project Crystal Land,' the complex is a clear attempt not only to advance artificial intelligence but to ensure a lasting legacy for Son, who has often talked down his past accomplishments and abandoned projects midway, sources told Bloomberg. The ambitious, one-of-a-kind facility would require support from the Trump administration. SoftBank officials have spoken with federal and state officials, including Commerce Secretary Howard Lutnick, to discuss possible tax breaks for firms building factories or investing in the complex, sources told Bloomberg. Son is also speaking with major tech companies as possible investors, like South Korea's Samsung. SoftBank, Samsung and the White House did not immediately respond to The Post's requests for comment. 3 Masayoshi Son is reportedly seeking out TSMC as a partner in the Arizona project. REUTERS Son's company has invested heavily in ChatGPT maker OpenAI, recently leading a $40 billion funding round for the Sam Altman-led firm as the two seek to raise hundreds of billions of dollars to fund large data centers in the US. These data centers are crucial to the artificial intelligence industry, which requires vast amounts of power and large storage capabilities. SoftBank's campaigning process for the Arizona complex could signal that its money-raising efforts alongside OpenAI are proceeding at a slower pace than they had anticipated, according to the report. Son has created a list of companies that might take part in the Arizona manufacturing hub, like automation company Agile Robots SE, sources said. 3 President Trump has said he wants to bring manufacturing opportunities back to the US. AP Meanwhile, SoftBank is exploring project financing options for Stargate, its $500 billion initiative to build data centers in the US with OpenAI and Oracle. This financing method could allow SoftBank to raise funding on a project-by-project basis, which is easier than gathering a large sum of money upfront. The same process could potentially be used for Project Crystal Land, according to the Bloomberg report. These plans are still preliminary and could change, sources told the news outlet.

Yahoo

an hour ago

• Yahoo

TechCrunch Mobility: Applied Intuition's eye-popping valuation, the new age of micromobility, and Waymo's wild week

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Waymo might be the largest commercial robotaxi operator — offering 250,000 paid rides per week — but it is hardly smooth. The past seven days in Waymo's world illustrates just how dynamic the burgeoning robotaxi business can be. The company limited service nationwide on June 13 ahead of scheduled 'No Kings' protests against President Donald Trump and his policies. Days later, Waymo announced it was expanding its robotaxi service area by another 80 square miles in Los Angeles, the San Francisco Bay Area, and Silicon Valley. And now Waymo is eyeing the biggest city in the United States: New York City. One note on NYC: This will be a marathon for Waymo. The company is applying for a permit to test its autonomous vehicles in the city, but even if it gets approved, it won't mean driverless testing. A truly driverless (no human behind the wheel) vehicle will require a change in state law. Expect lobbying activity to ramp up in the state. Let's get into the rest of the news. Got a tip for us? Email Kirsten Korosec at or my Signal at kkorosec.07, Sean O'Kane at or Rebecca Bellan at Or check out these instructions to learn how to contact us via encrypted messaging apps or SecureDrop. Applied Intuition keeps attracting investors, and it has an eye-popping valuation to show for it. The buzzy startup, which makes software that helps companies and government agencies develop autonomous vehicle solutions such as simulation software and managing data, closed a $600 million Series F and tender offer. That round, which was co-led by BlackRock-managed funds and Kleiner Perkins, pushed its valuation up to $15 billion. Yes, $15 investors included Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad Gil, and Mary Meeker's growth fund Bond also participated. Reminder: The round comes just one year after it completed a $250 million Series E, which put the company at a $6 billion valuation. Archer Aviation raised an additional $850 million through a registered direct offering of 85 million shares at $10 per share. The company noted in its announcement that this followed President Trump's executive order to implement an eVTOL Integration Pilot Program in the United States. stems, a Southern California-based startup developing wire harnesses for aerospace, raised $25 million in a round co-led by Dylan Field, the co-founder and CEO of design software company Figma; VC firm CIV; General Catalyst; Peter Thiel's Founders Fund; Sequoia Capital; Joe Lonsdale's 8VC; and Andreessen Horowitz. This newsletter used to have a dedicated section for micromobility, a reflection of its popularity at the time. Micromobility went through a period of consolidation and tightening capital, which forced the industry to grow up. But it hasn't disappeared, and that's why I'm bringing it back this week (and occasionally in the future).Reporter Rebecca Bellan hosted a roundtable with Voi CEO Fredrik Hjelm, Bird co-CEO Michael Washinushi, and Dott/Tier CEO Henri Moissinac at the Micromobility Europe event in Brussels. Here are some of her insights from the panel and from the broader event: Honda launched an all-electric last-mile delivery vehicle called the Fastport eQuad. The eQuad comes in two sizes built on the same basic platform, small and large. Both are smaller than the smallest Mini Cooper but can carry between 320 and 650 pounds. They have pedals, and their top speed is limited to 12 mph (20 kph), both requirements to keep them bike-lane legal. VanMoof is back and has launched its first e-bike since bankruptcy. Reporter Rebecca Bellan digs into what is the same and what has changed at VanMoof. Bellan also provided a list of startups rolling out of Europe's early-stage micromobility scene. Zoox has opened its first full-fledged production facility, where it expects to one day build 10,000 robotaxis per year. Tesla has partnered with Electrify Expo to launch full-weekend EV test drives. This is an interesting move by Tesla, which has historically used other methods besides third-party events like auto shows or expos to attract new customers. It also could make Electrify Expo a target of protestors who are behind the Tesla Takedown movement. Zoomcar, the Indian car-sharing marketplace, said a hacker accessed the personal data of at least 8.4 million customers, including their names, phone numbers, and car registration numbers. The company became aware of the incident after some of its employees received external communications from a threat actor who claimed to have gained access to the company's data. The Paris Air Show included lots of news under the ever-evolving category I call 'Future of flight.' Too much to cover everything here, but there were a few highlights: an announcement from U.S. DOT Secretary Sean Duffy that the Federal Aviation Administration and four other regulators will collaborate on an advanced air mobility (AAM) roadmap; Archer Aviation showcased its Midnight aircraft and hosted delegations from more than 20 countries; and Beta Technologies' Alia became the first electric aircraft to fly at the show. Sign in to access your portfolio