General Motors Demonstrates New Self-Driving Technology
General Motors gets ready to unveil its self-driving technology to some pretty eager analysts. It's president said the car will be ready in "quarters, not years." Mike Brown, Technology Reporter at Inverse, explains what this move means in GM's quest to be a leader in the driverless car market.
The company's self-driving cars are the battery-powered Chevrolet Bolts, developed through a subsidiary, Cruise Automation. Brown explains how the technology differs from other tech companies such as Apple and Google.
Plus, package delivery company DHL has invested in Tesla, buying 10+ all-electric semi trucks for its fleet. Brown talks about the future of self-driving trucks on the highway.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
