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Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

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Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

Uber and Chinese electric car manufacturer BYD announced a strategic partnership on Wednesday, aiming to bring more electric and autonomous-capable vehicles to the ride-hailing platform across Europe and Latin America. This collaboration marks a significant step toward electrifying urban mobility and developing future-ready transportation solutions.

Under the multi-year agreement, Uber drivers in Europe and Latin America will have access to special pricing and financing deals for BYD’s electric vehicles. The partnership has the potential to bring 100,000 BYD cars to Uber’s platform, furthering both companies’ commitment to creating a cleaner, greener world.

This initiative comes despite recent trade challenges, with the European Union increasing tariffs on Chinese-made electric cars. Nonetheless, Uber CEO Dara Khosrowshahi expressed enthusiasm, stating, “As the largest global agreement of its kind, we’re thrilled about the benefits this partnership will deliver for drivers, riders, and cities.”

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BYD, headquartered in Shenzhen, has emerged as a dominant force in China’s electric car market, surpassing Tesla in total vehicle production for two consecutive years. The company is actively expanding its global presence, including investments in overseas factories. “Uber and BYD share a commitment to innovate towards a cleaner, greener world, and I am excited to work together towards that future,” said BYD Chairman and President Chuanfu Wang.

The partnership also involves the development of “autonomous-capable vehicles” for Uber’s platform, positioning both companies at the forefront of technological advancements in the transportation sector.

The agreement is set to expand beyond Europe and Latin America, with plans to cover the Middle East, Canada, Australia, and New Zealand. BYD exported over 240,000 cars across 70 countries last year and aims to more than double its vehicle exports this year.

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Stella Li, Executive Vice President at BYD and CEO of BYD Americas, emphasized the collaboration’s significance: “This collaboration marks a new era in the electrification of urban mobility, and we look forward to seeing our cutting-edge EVs become a common sight on the streets of cities worldwide.”

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OpenAI CTO Mira Murati Announces Departure After 6 Years

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OpenAI CTO Mira Murati Announces Departure After 6 Years

OpenAI’s Chief Technology Officer, Mira Murati, has announced her departure from the company after six and a half years. In a memo shared on X, Murati expressed that she had made the “difficult decision” to step away from OpenAI, citing her desire for personal exploration and reflection.

“There’s never an ideal time to step away from a place one cherishes, yet this moment feels right,” Murati wrote, emphasizing her commitment to ensuring a smooth transition for the company during this critical time.

Her exit follows other high-profile departures from the company, including co-founder Ilya Sutskever and former safety leader Jan Leike in May, as well as co-founder John Schulman, who left last month to join rival company Anthropic.

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Murati’s departure comes at a time when OpenAI is pursuing a new funding round, potentially valuing the company at over $150 billion, with significant investments anticipated from major players like Thrive Capital, Microsoft, and Nvidia. OpenAI, the company behind ChatGPT, has seen rapid growth since 2022 but has also faced internal controversies and employee turnover, sparking concerns about its ability to scale safely.

Murati became a public figure when she was appointed interim CEO last November after the abrupt ousting of CEO Sam Altman. Despite her departure, she remains focused on supporting OpenAI’s momentum in the coming months.

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CrowdStrike Exec Apologizes to US Lawmakers for July IT Outage

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CrowdStrike Exec Apologizes to US Lawmakers for July IT Outage

During a congressional hearing, CrowdStrike executive Adam Meyers issued a formal apology for the massive IT outage in July, which affected millions of computers globally. In his opening remarks, Meyers expressed deep regret, stating, “On behalf of everyone at CrowdStrike, I want to apologize. We are deeply sorry this happened and are determined to prevent it from happening again.”

Meyers assured lawmakers that the company is committed to learning from the incident and making significant improvements. This includes enhancing testing and checks on updates, as well as altering how future updates are issued to avoid similar disruptions.

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Caroline Ellison May Avoid Jail Time for Role in FTX Scandal

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Caroline Ellison May Avoid Jail Time for Role in FTX Scandal

Caroline Ellison, the former CEO of Alameda Research and key witness in the criminal case against FTX founder Sam Bankman-Fried, faces sentencing this Tuesday. Despite her involvement in the massive fraud that led to FTX’s collapse, Ellison may avoid significant jail time due to her cooperation with federal authorities.

Ellison admitted to defrauding investors and misappropriating billions of dollars from FTX customers, redirecting funds to Alameda’s speculative trading and debt repayment. Both Ellison and Bankman-Fried face the same serious charges, which carry a potential maximum sentence of 110 years. However, her cooperation with prosecutors has been deemed “extraordinary,” leading the federal Probation Department to recommend “time served” with three years of supervised release.

Her testimony was crucial in portraying Bankman-Fried’s role in the collapse, particularly due to their close personal relationship. This unique insight into his operations helped strengthen the government’s case. While Ellison was involved in fraudulent activities, legal experts believe her lesser control compared to Bankman-Fried will likely result in a lighter sentence, potentially no more than 18 months in prison.

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