Get the latest tech news

Lucid pumps $1.5B from Saudi wealth fund after CEO warned relying on its ‘bottomless wealth’ was ‘dangerous’


Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its

Google will appeal a U.S. District Court judge’s opinion Monday that found the technology giant acted illegally to maintain a monopoly in online search. Last year, OpenAI held a splashy press event in San Francisco during which the company announced a bevy of new products and tools, including the ill-fated App Store-like GPT Store.… Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it has raised $640 million in a new funding round led by…

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of CEO

CEO

Photo of Saudi

Saudi

Photo of Lucid

Lucid

Related news:

News photo

PrizePicks Fantasy Sports Names Blizzard Alum Ybarra as CEO

News photo

Placer.ai boosts valuation to $1.5B after quietly raising another $75M

News photo

Tesla attempt to save CEO’s $56bn pay package gets sceptical reception — Delaware judge considers whether a shareholder vote should override her decision invalidating record award