Volkswagen Pours $1B into Rivian to Bolster Tech Collaboration

June 30, 2025 – According to a report from Deutsche Presse-Agentur (DPA), Volkswagen Group is set to make its second 1billioninvestmentinitspartnerRivianonMonday.ThismoveispartofVolkswagen′spreviouslyannouncedcommitmenttoinvestupto5.8 billion in Rivian. Of the total 5.8billioninvestment,3.5 billion will be used to purchase Rivian’s shares. This investment could potentially enable Volkswagen to surpass Amazon as Rivian’s largest shareholder. The remaining $2.3 billion will be…

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Northvolt Seeks €200 Million in Funding Amid 20% Global Layoffs

October 13, 2024 – According to Reuters, on Friday local time, three informed sources revealed that Northvolt, the Swedish electric vehicle battery manufacturer, is currently engaged in negotiations with investors and lending institutions to raise approximately 200 million euros in short-term funding, aiming to maintain the company’s financial stability. This week, Northvolt initiated financing talks…

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Elon Musk Predicts AI Will Outsmart Humans by 2026

April 09, 2024 – In a recent interview, Elon Musk predicted that artificial intelligence could potentially surpass the intelligence of the brightest humans by next year or 2026 at the latest. According to Musk, “If we define general artificial intelligence as having an intellect exceeding that of the smartest human, I believe it could happen…

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Tesla Texas Gigafactory Preps Autonomous Vehicles for Delivery Parking Integration

April 8, 2025 – Tesla has recently expanded its autonomous driving capabilities beyond its California plant, now introducing similar technology at its Texas Gigafactory. According to industry insider Joe Tegtmeyer, the company has deployed an “autonomous drive-off” feature for refreshed Model Y and Cybertruck vehicles, allowing them to navigate from the production line to the…

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