TECHNOLOGY

Phoenix Police bodycam footage, published online by AZCentral, captures the moment when an officer pulls over a Waymo autonomous Jaguar I-Pace SUV that had recklessly veered into oncoming traffic on a busy Phoenix street.

AZCentral said the incident occurred on June 19. Phoenix police pulled over the driverless taxi with no occupants inside for driving in an oncoming traffic lane near Seventh Avenue and Osborn Road. 

Waymo blamed the incident on "inconsistent construction (more…)

By Irina Slav of OilPrice.com

LG Energy, one of the biggest players in the EV battery space, reported a 58% drop in operating profits for the second quarter of the year, attributing the figure to the slowdown in EV sales.

The news came a day after another South Korean battery major, SK On, declared an emergency after 10 consecutive quarters of losses stemming from trends in EV demand that have missed analyst and company expectations.

LG Energy and SK On are, respectively, the (more…)

Update (1111ET):

The mystery behind Microsoft's abrupt resignation from its OpenAI observer board seat has been revealed: It appears there was an investigation by the Federal Trade Commission underway. 

Earlier. 

Elon Musk chimed in. 

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There's definitely more to this story than meets the eye.

Let's begin with new details from the Financial Times, which reveal that Microsoft has relinquished its board observer seat at OpenAI, while Apple (more…)