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...Cruise suspended all self-driving operations in October, days after California regulators banned the vehicles from the state’s roads....
...“You have to ask yourselves, if a conflict forces us to cease operations in Taiwan for six months or a year, can we survive?...
...Cruise later halted its driverless car operations across the country, and GM said it would cut spending on the unit by “hundreds of millions of dollars”....
...GM said the company would be spending less on the unit in the future.Mo ElShenawy, Cruise’s president and chief technology officer, said in a memo headcount will be reduced “in operations and other areas...
...Other companies, including Tesla and Amazon-owned Zoox, are also racing to develop driverless vehicle technology, with innovators arguing that the cars can be safer and more reliable than human-driven alternatives...
...GM halted the division’s work and regulators are investigating the case....
...If found guilty of non-compliance, companies face hefty fines that could amount to up to 10 per cent of their global turnover....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...In advance of that, some US investors with large operations in the country, such as Sequoia Capital and GGV Capital, have spun off their Chinese businesses....
...Cruise’s cars were “not safe for the public’s operation”, California’s Department of Motor Vehicles said as it announced it was revoking permits for Cruise to test and deploy its vehicles on public streets...
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...and that the global economy is entering a rendition of the dark ages....
...Diversifying public sector technology procurement could help institutions avoid the risks of relying on a single legacy supplier....
...The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...after operations....
...In the US, Cruise has been racing against Tesla and Waymo, part of Alphabet, to develop robotaxi services, and parent GM has set an ambitious revenue target of $1bn by 2025....
...Collectively, companies including Tesla, Alphabet, General Motors, Uber, Baidu and Ford have invested billions of dollars in the technology. Safety records are impressive....
...They also acquired companies in areas such as digital advertising, mobile operation systems, social media and so on, to ring fence more and more of the online territory and keep users on the platform....
...’s Tiger Global is preparing to make new investments in private technology companies after pulling back from such bets over the past 18 months amid a plunge in valuations that pummelled its portfolio....
...Plus, global stock market concentration has risen to its highest level in decades....
...Google, Meta, ByteDance, Alibaba and Amazon are now the five biggest global sellers of advertising....
...The world’s biggest technology companies have substantially increased their use of water to cool down data centres, sparking concerns over the environmental impact of the generative artificial intelligence...
...The Australian agreement was the first between the global technology industry and media companies in the world....
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