Today: May 14, 2026
Online Edition
Kyle Vogt, the founder of self-driving car company Cruise, resigned as CEO last week amid a series of controversies. He has now secured $150 million in a new funding round led by Greenoaks for his robotics startup, The Bot Company. Launched less than a year ago, the company is now valued at $2 billion, according to sources cited by Reuters. This latest funding follows a previous $150 million investment from backers including Spark Capital and former GitHub CEO Nat Friedman,
Apple reportedly works on two prototypes for the second-generation Studio Display, signaling the tech giant’s commitment to refining its professional-grade monitor lineup. The original Studio Display, launched in March 2022, was praised for its sleek design, impressive 5K resolution, and integration with the Apple ecosystem. However, it also faced criticism for its high price tag and lack of certain premium features, such as ProMotion technology and HDR support. With the development of two distinct prototypes, Apple is exploring ways to
Meta, the parent company of Facebook, is testing its first in-house chip designed for training artificial intelligence systems—a significant step in its effort to develop custom silicon and reduce dependence on external suppliers like Nvidia (NVDA.O). According to two sources who spoke with Reuters, the social media giant has initiated a limited deployment of the chip and plans to scale up production for broader use if the trials prove successful. Meta is working with Taiwanese chipmaker TSMC to develop the
Elon Musk’s X experienced a widespread global outage on Monday, affecting millions of users, including those in India. The disruption, which lasted approximately 30 to 40 minutes, prevented users from accessing the platform via both the app and website. According to outage-tracking service Down Detector, the issue peaked around 3 PM, with users in major cities like Delhi, Mumbai, Ahmedabad, Patna, Kolkata, and Hyderabad reporting difficulties in loading profiles, tweets, and other content. Since Musk acquired X (formerly Twitter) in
The rapid advancement of DeepSeek, a Chinese company that stunned the tech industry this week by developing a cutting-edge large language model on a limited budget, highlights the growing strength of Chinese firms in artificial intelligence (AI), a spokesperson for China’s parliament said on Tuesday. Lou Qinjian, head of the National People’s Congress Standing Committee’s Information Technology and Innovation Subcommittee, praised DeepSeek’s young team, calling their achievement “commendable.” The company is still tiny, but its success could significantly challenge US
Volkswagen Group’s China subsidiary and CATL, the world’s leading battery manufacturer, have announced plans to collaborate on developing lithium batteries for Volkswagen’s electric vehicles in China. According to a Volkswagen spokesperson, both parties have signed a statement of intent to design custom batteries with enhanced performance and cost efficiency tailored for specific models in the Chinese market. The partnership will also focus on innovations such as vehicle-to-grid technology, enabling EVs to supply power back to the grid, and advanced cooling
The struggling short-video app, used by nearly half of American adults, is reportedly laying off staff in its global trust and safety unit, which oversees content moderation. According to The Information, the unit is undergoing a restructuring, with employees in areas like user support and communications set to be cut, while the remaining staff will be integrated into teams such as marketing and product. This move comes amid growing federal scrutiny and potential regulatory challenges over national security concerns tied
OpenAI’s consideration of granting special voting rights to protect against hostile takeovers reflects a proactive stance in preserving the company’s ethical values. This move could spark a broader conversation in the tech industry, encouraging other companies to adopt similar strategies to maintain control as they transition to traditional for-profit models. Backed by Microsoft, OpenAI is exploring the possibility of giving its nonprofit board special voting rights to safeguard the authority of its directors, particularly as it faces an unsolicited takeover
Cisco Systems (CSCO.O) saw its shares rise by 6.4% in premarket trading on Thursday after the company raised its annual revenue forecast, driven by strong demand for its cloud networking equipment. The company also addressed concerns about the potential impact of the latest U.S. tariffs. Demand for Cisco’s Ethernet switches and routers, which are used in data centers, has surged as businesses increase their investments in artificial intelligence infrastructure. “Cisco’s solid forecast is a positive sign that the company has
OpenAI is moving forward with efforts to reduce its dependence on Nvidia (NVDA.O) by developing its first in-house artificial intelligence chip. The ChatGPT maker is expected to finalize the design in the coming months and plans to have it manufactured by Taiwan Semiconductor Manufacturing Co (2330.TW), a process that could cost tens of millions of dollars and take about six months to produce a functional chip, sources told Reuters. This initial fabrication stage, known as “taping out,” does not guarantee