Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC New York Governor Kathy Hochul has withdrawn a proposal that would allow commercial robotaxi pilot operations outside New York City limits without a human safety operator in the vehicle. The decision was first reported by Bloomberg News earlier Thursday and is a major setback for Waymo as it attempts a rapid US expansion this year. Bloomberg reported: The proposal, which Hochul had included in a policy preview she presented last month, would have allowed autonomous-vehicle companies such as Waymo...

New OpenAI Funding Round Could Top $100 Billion, Pushing Valuation North Of $850 Billion OpenAI's private valuation could soon top $850 billion, as the first tranche of a new funding round is expected to raise more than $100 billion, giving the ChatGPT maker fresh powder for additional infrastructure spending and faster development of its AI tools, Bloomberg reported. People familiar with the fundraising told the outlet that the ChatGPT maker's valuation could exceed $850 billion, with a reported pre-money valuation of $730 billion. The first phase of the funding round is being...