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💥 Check out this must-read post from TechCrunch 📖 📂 **Category**: AI,Government & Policy,government,OpenAI,sam altman ✅ **What You’ll Learn**: Sam Altman, CEO of OpenAI, has proposed giving a 5% stake in the company to a US sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although important questions remain about the details. According to the Financial Times, the donation aims to “secure good relations with the administration and...address negative political reactions.” CNBC reported on similar discussions in June, and were later confirmed by…

💥 Check out this awesome post from TechCrunch 📖 📂 **Category**: Transportation,electric vehicles,EVs,Lucid Motors,people moves 📌 **What You’ll Learn**: Lucid Motors' new CEO continues to restructure the company after announcing hundreds of job cuts last month: The electric car maker said Thursday that its chief financial officer, Taoufik Boussaid, will leave the company. Boussaid's expected departure comes amid a wave of new executive appointments aimed at strengthening the company's leadership as new Lucid CEO Silvio Napoli attempts to "simplify the company." Lucid said Thursday it has hired a new chief financial officer, chief technology officer, chief customer officer, chief digital…

🚀 Check out this trending post from TechCrunch 📖 📂 **Category**: AI,Enterprise,TC,Microsoft 💡 **What You’ll Learn**: Microsoft on Thursday announced a new operating business called Microsoft Frontier, which is focused on delivering successful AI deployments to enterprises using Microsoft's existing AI tools. The project will be supported by an investment of $2.5 billion from Microsoft, in addition to 6,000 industry and engineering experts. In a statement announcing the project, Microsoft's chief business officer, Judson Althoff, pushed back against the advanced engineer (FDE) label often applied to such projects. “This goes beyond what has been described as advanced engineering,” Althoff wrote,…

✨ Read this awesome post from TechCrunch 📖 📂 **Category**: Transportation,electric vehicles,EVs,Rivian,rivian r2 ✅ **What You’ll Learn**: Rivian is telling investors that it may see better sales than it expected, despite the many headwinds working against electric vehicles in the U.S. right now. Rivian previously said it would ship between 62,000 and 67,000 vehicles this year, but the company now expects to deliver between 65,000 and 70,000 vehicles, the company said Thursday. It's a small bump but potentially meaningful for the company, which shipped just 42,247 electric vehicles last year. The new forecast comes as growth in electric vehicle sales…

🔥 Discover this must-read post from TechCrunch 📖 📂 **Category**: Venture,Bending Spoons,Exclusive,interview,IPO,NASDAQ 📌 **What You’ll Learn**: AOL is going public again – sort of. Its owner is Bending Spoons, the 13-year-old Italian company that has quietly acquired beloved but struggling online brands over the past decade, went public on the Nasdaq today, opening at a valuation of more than $18 billion, and then the stock rose 40% at market close. Bending Spoons, headquartered in Milan, has applied some of the private equity rules of the game to a long string of acquisitions – Meetup, Eventbrite, Vimeo, WeTransfer, and many others.…