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Tesla tax credit

All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla’s website.

The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax credit is broken into two parts. EVs can qualify for half, or $3,750, if 50% of the value of battery components were produced or assembled in North America; the other half requires 40% of the value of critical materials be sourced from the U.S. or [...]

Sat, Jun 03, 2023, Continue reading at the source

Last summer, Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion by investors in a $200 million round in the fall of 2021, Blackbird adjusted its own valuation of the company 36% to $25.6 billion.

Now, T. Rowe Price — the mutual fund Goliath that began investing aggressively into late-stage startups nearly a decade ago, continued to fund them throughout the pandemic, and led the $40 billion round in 2021 — has marked down the value of [...]

Sat, Jun 03, 2023, Continue reading at the source
Henry Hauser Contributor Share on Twitter Henry Hauser is counsel in Perkins Coie’s antitrust and litigation practice groups and has significant experience working on matters related to antitrust investigations and litigation under Sections 1 and 2 of the Sherman Act and Section 7 of the Clayton Act. Shylah Alfonso Contributor Shylah Alfonso is Firmwide Chair of Perkins Coie’s Antitrust & Unfair Competition Litigation Practice focusing on antitrust counseling and litigation, antitrust clearance for mergers and acquisitions, class action and complex commercial litigation, and intellectual property and fair, reasonable, and nondiscriminatory (FRAND) litigation. Chris Williams Contributor Chris Williams is a partner at Perkins Coie [...]
Sat, Jun 03, 2023, Continue reading at the source

A Kenyan court has ruled that Meta is the primary employer of content moderators suing the social media giant and its content review partner in Africa, Sama, for unlawful dismissal. The 184 moderators, in the suit filed in March this year, also alleged that Meta’s new content review partner on the continent, Majorel, had blacklisted them on instruction by Meta.

Justice Byram Ongaya of Kenya’s employment and labor relations court on Friday watered down the social media giant’s plan to recuse itself from the case saying the moderators did Meta’s work, used its technology for the work, as well as [...]

Sat, Jun 03, 2023, Continue reading at the source

AI researchers have built a Minecraft bot that can explore and expand its capabilities in the game’s open world — but unlike other bots, this one basically wrote its own code through trial and error and lots of GPT-4 queries.

Called Voyager, this experimental system is an example of an “embodied agent,” an AI that can move and act freely and purposefully in a simulated or real environment. Personal assistant type AIs and chatbots don’t have to actually do stuff, let alone navigate a complex world to get that stuff done. But that’s exactly what a household robot might be expected [...]

Sat, Jun 03, 2023, Continue reading at the source
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Civilian programs take a back seat to defense in pending agreement to avoid default [...]
Sun, Jun 04, 2023, Continue reading at the source

A taste for blood.

Sat, Jun 03, 2023, Continue reading at the source