DOJ Investigates Tesla for Potential Securities Fraud

U.S. prosecutors are investigating Tesla regarding potential securities and wire fraud.

They allege that Tesla misled investors and consumers about the self-driving capabilities of its electric vehicles. Despite Tesla's claims of full autonomy, the technology requires driver supervision.

The Justice Department's probe follows multiple investigations by U.S. regulators into Tesla-related crashes. Questioning the safety of Tesla's Autopilot system.

Critics argue Tesla oversold their Autopilot and Full Self-Driving systems. Endangering lives due to a mismatch between marketed abilities and actual functionality.

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Uber's Disappointing Q1

Uber announced Q1 net loss of $654 million, contrasting with the previous period's $1.4 billion net profit. Furthermore, Uber's gross bookings did not meet analyst forecasts, totaling $37.7 billion.

Uber's stock dropped 8% after the announcement.

They still achieved record total revenues of $10.1 billion and an adjusted EBITDA of $1.38 billion, surpassing expectations.

The loss, according to CEO Dara Khosrowshahi, stemmed from a writedown in equity investments, not operational failures.

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OpenAI Coming After Google

OpenAI launched a new feature that enables ChatGPT to perform web searches and provide responses with source citations. Enhancing credibility and usefulness.

For instance, if a user inquires about changing a doorknob, ChatGPT can deliver not just textual information but also relevant images, such as diagrams, to aid in understanding the task.

This development positions OpenAI as a direct competitor to Google and the emerging AI startup Perplexity.

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DeepMind Unlocks Key to Drug Discovery

Google DeepMind has introduced AlphaFold3, an AI technology designed to predict the behavior of human molecules.

AlphaFold's ability to model molecular structures (including DNA and RNA) promises to streamline the drug and vaccine creation process.

Isomorphic Labs, an affiliated company, is gearing up to commercialize this technology for drug discovery. With potential market values exceeding $100 billion.

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