Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi

Tom Cruise receives the Navy's highest civilian honor

Actor and producer Tom Cruise accepted the U.S. Navy's highest honor for civilians Friday for his work on "Top Gun" and other films focusing on military service.

Los Angeles Times - 6h

Tom Cruise awarded highest Navy honor for a civilian

The 62-year-old actor was celebrated for his outstanding contributions to the Navy and the Marine Corps.

The Hill - 5h

Kioxia shares climb 10% on debut in Tokyo after $800 million IPO

The company had raised 120 billion yen in its IPO, exercising a overallotment option. Shares were priced at 1,455 yen apiece.

CNBC - 10h

Will the future of transportation be robotaxis – or your own self-driving car?

GM is shutting down its robotaxi business, Tesla is creating one of its own – what does the future hold for self-driving?. Want TechScape delivered to your inbox? Sign up here Welcome back. ...

The Guardian - 1d

McKinsey Will Pay $650 Million in U.S. Opioid Charges Case

The fee will resolve a charge regarding McKinsey advice to Perdue Pharma about painkiller sales.

Inc. - 2d

GM’s Cruise robotaxi business is latest growth initiative to falter

For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth.

NBC News - 3d

From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter

The driverless ride-hailing service was supposed to be the shining star of GM's growth plans, leading to $50 billion in revenue by the end of this decade.

CNBC - 3d

Sam Altman on Microsoft, Trump and Musk

The OpenAI C.E.O. spoke with Andrew Ross Sorkin at the DealBook Summit.

The New York Times - 4d

Four-try Sale cruise to victory over Racing

Sale run out comfortable winners over Racing 92 in their Champions Cup match at Salford Community Stadium.

BBC News - 4d

U.S. charges 14 North Koreans in $88 million identity theft and extortion case

The Department of Justice accused 14 North Korean nationals of conspiring to use false identities to get IT jobs with U.S. companies and siphon money back to their home country, in violation of ...

NBC News - 5d

U.S. charges 14 North Koreans in $88 million identity theft and extortion case

North Korea has dispatched "thousands" of IT workers to send revenue back to the country's ruling regime, in violation of U.S. and U.N. sanctions, the DOJ said.

CNBC - 5d

Biden's clemency list includes attorney charged with fraud and businesswoman tied to Medicare scheme

The president commuted more than 1,500 sentences, setting a record for the most executed by a president in a single day.

NBC News - 5d

Startup Embodied Will Brick $800 Moxie Emotional Support Robot for Kids—Without Refunds

Embodied says it will try to refund recent purchases of its Moxie robot but makes no promises.

Wired - 6d

Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise

Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.

MarketWatch - 6d

'The Golden Bachelor' star Gerry Turner says he has incurable cancer

Gerry Turner, star of the "The Golden Bachelor," said he has been diagnosed with an incurable form of bone marrow cancer.

NBC News - 6d

GM to Shut Down Its Cruise Robotaxi Project

The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.

The New York Times - Dec. 11

GM shuts down robotaxi project to focus on autonomous vehicles

General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully autonomous personal vehicles. Cruise, GM’s self-driving car ...

The Hill - Dec. 11

GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars

The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.

Inc. - Dec. 11

GM gives up on loss-making Cruise robotaxi business

STORY: General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said ...

Yahoo Sports - Dec. 11

General Motors pulls plug on robotaxi business

After the announcement, the project's co-founder posted on social media "GM are a bunch of dummies."

BBC News - Dec. 11

General Motors Scraps Cruise Robotaxi Program

Carmaker cites competition, time and costs needed to scale the business.

The Wall Street Journal - Dec. 10

GM exits robotaxi market, will bring Cruise operations in house

General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.

CNBC - Dec. 10

GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

ABC News - Dec. 10

General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan

The automaker has sunk billions into making a self-driving car service work. Now it says it will focus on “personal” autonomous vehicles instead.

Wired - Dec. 10

Microsoft 365 suffers outage Tuesday morning

Microsoft 365 users reported being unable to access essential apps Tuesday morning.

CBS News - Dec. 10

Bain Capital-Backed Kioxia Sets Offering Price for $800 Million IPO

The Japanese chip maker produces NAND flash-memory chips used in smartphones, computer servers and other devices.

The Wall Street Journal - Dec. 9

Leinster spark into life and cruise past Bristol

Leinster begin their pursuit of a fifth Investec Champions Cup crown with a ruthless second half display to claim a bonus-point victory over Bristol Bears at Ashton Gate.

BBC News - Dec. 8

‘Moana 2’ cruises to another record weekend and $600 million globally

“Moana 2” remains at the top of the box office in its second weekend in theaters as it pulled in another record haul

ABC News - Dec. 8

Why Disney Is Plowing Cash Into a Cruise Line Expansion

The entertainment titan plans to launch seven new cruise ships by 2031, looking to overseas markets far from theme parks.

The Wall Street Journal - Dec. 8

Saints cruise past Castres to claim bonus point

Northampton Saints kick-start their Investec Champions Cup campaign with a comfortable bonus-point victory over Castres at a blustery Franklin's Gardens.

BBC News - Dec. 7

OpenAI Considers Revising AGI Arrangement With Microsoft

The Sam Altman-led company might end up licensing artificial general intelligence technology to Microsoft after all.

Inc. - Dec. 6

Uber will offer robotaxi rides in Abu Dhabi through partnership with WeRide

Uber said robotaxi rides will be available between Saadiyat Island and Yas Island, as well as routes to and from Zayed International Airport.

CNBC - Dec. 6

Waymo to expand to Miami, aims to launch robotaxi service there in 2026

Waymo is setting its sights on its next location: the Sunshine State.

NBC News - Dec. 5

Waymo unveils plan to bring its robotaxi service to Miami

Waymo is gearing up to bring its robotaxi service to Miami which will accelerate an expansion that’s been happening while its hobbled rivals remain in its rearview mirror

ABC News - Dec. 5

Waymo to expand to Miami, aims to launch robotaxi service there in 2026

Waymo says it's setting its sights on the Sunshine State for its next expansion.

CNBC - Dec. 5

Leaded gas tied to millions of excess cases of psychiatric disorders, study suggests

The U.S. population experienced an estimated 151 million excess mental health disorders attributable to exposure to lead from car exhaust, according to a study.

NBC News - Dec. 4

Mexico's Senate votes to charge cruise ship passengers $42 per head for port calls

Mexico's Senate has voted to charge cruise ship passengers $42 per head for port calls, drawing sharp criticism from the tourism industry

ABC News - Dec. 4

Mexico's Senate votes to charge cruise ship passengers $42 per head for port calls

Yahoo News - Dec. 4

FTC Opens Microsoft Antitrust Inquiry

It will fall to the incoming Trump administration to pursue or drop the investigation.

Inc. - Dec. 3

Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi

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