Tesla will begin producing the Cybercab, an autonomous electric vehicle with no pedals or steering wheel, this April at its factory in Austin, Texas, CEO Elon Musk said during the company’s shareholder meeting Thursday. His comments on Cybercab came just moments after shareholders overwhelmingly approved a compensation package for Musk that could be worth as much as $1 trillion in …
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Accel backs Uber rival Rapido as Prosus boosts stake | TechCrunch
Accel has invested in Rapido, the ride-hailing platform competing with Uber in India, while Prosus has increased its stake, after Indian two-wheeler giant TVS Motor sold its entire holding. On Thursday, TVS Motor said in a stock exchange filing (PDF) that it has sold its entire stake in Rapido for ₹2.88 billion (about $32 million) to Accel and Prosus’ investment …
Read More »Grand Theft Auto VI is delayed — again | TechCrunch
Grand Theft Auto VI, one of the most anticipated video games of all time, has been delayed, again — this time until November 19, 2026. The game was initially slated for a fall 2025 release but was pushed back to May 2026. On Thursday, Rockstar Games announced that the development team needs another six months. “We are sorry for adding …
Read More »Tesla shareholders approve Elon Musk’s $1T pay package | TechCrunch
Tesla shareholders have overwhelmingly approved a compensation package for CEO Elon Musk that could be worth as much as $1 trillion in company shares. More than 75% of shareholders who participated voted to approve the plan, in line with the amount of support Musk has received for past pay packages. As the result was announced, shareholders in the room at …
Read More »Laude Institute announces first batch of ‘Slingshots’ AI grants | TechCrunch
On Thursday, the Laude Institute announced its first batch of Slingshots grants, aimed at “advancing the science and practice of artificial intelligence.” Designed as an accelerator for researchers, the Slingshots program is meant to provide resources that would be unavailable in most academic settings, whether it’s funding, compute power, or product and engineering support. In exchange, the recipients pledge to …
Read More »Meta estimates that it earns 10% of its revenue from scams, report says | TechCrunch
Last year, Meta projected that 10% of its overall annual revenue — $16 billion — would come from fraudulent advertisements on its apps, according to a report from Reuters. The documents accessed by Reuters also show that for three years, Meta failed to protect its users from ads promoting illegal gambling, investment schemes, and banned medical products. These fraudulent ads …
Read More »Sam Altman says OpenAI has $20B ARR and about $1.4 trillion in data center commitments | TechCrunch
Rarely has a month gone by in 2025 without OpenAI signing another multibillion-dollar data center deal. In a lengthy post on X on Thursday, OpenAI CEO Sam Altman publicly clarified the totals. “We expect to end this year above $20 billion in annualized revenue run rate and grow to hundreds of billion by 2030. We are looking at commitments of …
Read More »Google to buy carbon credits from massive Amazonian reforestation project | TechCrunch
Google announced Thursday it is buying 200,000 metric tons of carbon removal from Mombak, a forest restoration company based in Brazil. The project will buy farmland in the Amazon and reforest it. The deal was made through the Symbiosis Coalition, an advance market commitment intended to develop a market for nature-based carbon removal schemes that is backed by Google, McKinsey, …
Read More »Amazon launches an AI-powered Kindle Translate service for e-book authors | TechCrunch
Amazon announced on Thursday the launch of Kindle Translate, an AI-powered translation service designed for authors using Kindle Direct Publishing to broaden their reach. The service initially translates text between English and Spanish and from German to English, as it’s still operating in beta. More languages will be supported over time. The retail giant noted less than 5% of titles …
Read More »Sam Altman says he doesn’t want the government to bail out OpenAI if it fails | TechCrunch
OpenAI execs have been fielding plenty of questions about how they expect to pay for the $1.4 trillion worth of data center build-outs and usage commitments they’ve accrued this year, given that their revenue — while rising rapidly — is a $20 billion annual run rate, CEO Sam Altman said Thursday in a post on X. Altman’s comments came in …
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