Rivian’s first non-Amazon van customer is HelloFresh

Meal-kit company HelloFresh has added 70 all-electric Rivian vans to its fleet, the first major customer to buy the commercial EVs since the automaker ended its exclusive deal with Amazon. The 70 all-electric commercial vans represent nearly one quarter of HelloFresh’s fleet, which has already helped the company save an estimated 20,000 gallons of gasoline, […]

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OpenAI launches a pair of AI reasoning models, o3 and o4-mini

OpenAI announced on Wednesday the launch of o3 and o4-mini, new AI reasoning models designed to pause and work through questions before responding. The company calls o3 its most advanced reasoning model ever, outperforming the company’s previous models on tests measuring math, coding, reasoning, science, and visual understanding capabilities. Meanwhile, o4-mini offers what OpenAI says […]

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India’s Uber-rival BluSmart appears to suspend service in wake of EV loan probe

BluSmart, India’s all-electric cab-hailing startup that was once seen as an emerging rival to Uber, appears to have suspended service in some cities just as the country’s market regulator launched a probe into Gensol Engineering, the publicly listed company that shares two of its co-founders. The cab service, which had been operating in Delhi-NCR, Bengaluru, […]

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Microsoft researchers say they’ve developed a hyper-efficient AI model that can run on CPUs

Microsoft researchers claim they’ve developed the largest-scale 1-bit AI model, also known as a “bitnet,” to date. Called BitNet b1.58 2B4T, it’s openly available under an MIT license and can run on CPUs, including Apple’s M2. Bitnets are essentially compressed models designed to run on lightweight hardware. In standard models, weights, the values that define […]

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Startup funding hit records in Q1. But the outlook for 2025 is still awful.

Startups attracted $91.5 billion in venture capital funding in Q1, according to the latest report from data provider PitchBook. This figure not only exceeds the previous quarter’s allocation by 18.5% but also represents the second-highest quarterly investment in the last decade. Despite this seemingly positive news, Kyle Stanford, lead U.S. venture capital analyst at PitchBook, […]

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