To The Moon

For more than a year after robotaxi company Cruise paused its self-driving ride hailing service, General Motors executives repeated the same talking points: Cruise robotaxis will be back on the streets soon; GM is still committed to Cruise.So it came as a surprise on Tuesday when General Motors so suddenly changed its tune—announcing that it would stop funding Cruise’s robotaxi service and would bring the startup’s technical employees in-house, where they’ll focus on self-driving technology for the autos GM sells directly to consumers.In a call with analysts, GM CEO Mary Barra cited the “time and expense” that would have been required to keep scaling the robotaxi business. She also cited increasing competition, even though Cruise really only has one major competitor these days—Alphabet’s Waymo, which offers its robotaxi service in Los Angeles, Phoenix, and San Francisco, and will soon debut in Miami, Austin, and Atlanta.

BEIJING, Dec 3 - The Internet Society of China urged domestic companies on Tuesday to carefully consider the procurement of U.S. chips and seek to expand cooperation with chip firms from other countries and regions, according to its official WeChat account.The ISC also encouraged domestic firms to "proactively" use chips produced by both domestic and foreign-invested enterprises in China, a statement showed.U.S. chip export controls have caused "substantial harm" to the healthy and stable deve

BEIJING, Dec 3 - The Internet Society of China urged domestic companies on Tuesday to carefully consider the procurement of U.S. chips and seek to expand cooperation with chip firms from other countries and regions, according to its official WeChat account.The ISC also encouraged domestic firms to "proactively" use chips produced by both domestic and foreign-invested enterprises in China, a statement showed.U.S. chip export controls have caused "substantial harm" to the healthy and stable deve