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Edward LudlowFortune |
The cuts signal a retreat from a traditional advertising push that CEO Elon Musk greenlighted less than a year ago.
Tesla's top engineering executive Drew Baglino resigned from the company after leading development of its batteries, motors and energy products.
Wood’s most famous vehicle, Ark Innovation ETF, catapulted to fame during the height of the pandemic after making big bets on the likes of Tesla.
OpenAI will represent about 4% of the Ark venture fund’s holdings.
Shares of the EV maker jumped as much as 16% after its announcements, their biggest gain since July.
Fisker has warned that its current capital may not be enough to sustain it over the next 12 months without additional funds.
Altman believes the AI industry needs to act now to ensure there’s sufficient supply near the end of the decade.
Musk has said the carmaker plans to invest more than $1 billion on Project Dojo by the end of 2024.
Altman planned to spin up an AI-focused chip company that could challenge Nvidia’s dominance.
X also plans to create a news wire service, called XWire, that would rival Cision’s PR Newswire, said Musk and CEO Linda Yaccarino.
Anthropic will move most of its software to Amazon Web Services data centers, and use the cloud computing company’s homegrown chips to train the...
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