Lidar-maker Luminar files for bankruptcy

Luminar, the lidar manufacturer that rode a wave of self-driving car hype to land deals with major automakers like Volvo and Mercedes-Benz, filed for bankruptcy Monday. The company has been mired in a legal fight with its founder and former CEO, Austin Russell, who was ousted earlier this year following an ethics inquiry.

As part of its bankruptcy, Luminar is seeking permission to sell both its lidar and semiconductor businesses, the latter of which it has already agreed to sell to Quantum Computing for $110 million. The company plans to continue to operate during the bankruptcy proceedings "to minimize disruptions and maintain delivery of …

Read the full story at The Verge.



from The Verge https://ift.tt/xOE0hBe

Comments

Post a Comment

Popular posts from this blog

Gemini app finally expands to audio files

Image
Google made three major updates to its Gemini-powered products on Monday: The Gemini app now accepts audio files; Search can handle five new languages; and NotebookLM creates reports in the form of blog posts, study guides, quizzes, and more.  According to a Monday post on X by Josh Woodward, vice president of Google Labs and Gemini, audio file compatibility was the “#1 request” to the Gemini app.  Free Gemini users max out at 10 minutes of audio, and five free prompts each day. AI Pro or AI Ultra users, meanwhile, can upload audio up to three hours in length. All Gemini prompts accommodate up to 10 files across various file formats, including within ZIP files.  Additionally, Google Search’s AI Mode has rolled out five new language options: Hindi, Indonesian, Japanese, Korean, and Brazilian Portuguese, thanks to the integration of Gemini 2.5 with Search, according to a company blog : “With this expansion, more people can now use AI Mode to ask complex questions in ...
Read more

Is AI the end of software engineering or the next step in its evolution?

Image
The first time I used ChatGPT to code, back in early 2023, I was reminded of " The Monkey's Paw ," a classic horror story about an accursed talisman that grants wishes, but always by the most malevolent path - the desired outcome arrives after exacting a brutal cost elsewhere first. With the same humorless literalness, ChatGPT would implement the change I'd asked for, while also scrambling dozens of unrelated lines. The output was typically over-engineered, often barnacled with irrelevant fragments of code. There were some usable lines in the mix, but untangling the mess felt like a detour. When I started using AI-assisted tools earlier this … Read the full story at The Verge. from The Verge https://ift.tt/lwe4xZJ
Read more

Amazon is offering a like-new Kindle Paperwhite 2024 for just $107

Image
With less than a week until Prime Day kicks off, we’re already seeing some exciting early deals pop up. And now we can add two more great discounts to the list: the refurbished ad-supported Kindle Paperwhite is down to $106.99 ($37 off) at Amazon , while the refurbished Kindle Paperwhite Signature Edition is $126.99 ($53 off) at Amazon . Both discounts bring the like-new e-readers to all-time lows — just in time to read Andy Weir’s Project Hail Mary before the movie adaptation hits theaters next year. Kindle Paperwhite (refurbished 2024) Where to Buy: $143.99 $106.99 at Amazon The Kindle Paperwhite is one of our favorite e-readers , especially for those who are already in the Kindle ecosystem. It offers a large 7-inch display, sharp 300ppi resolution, and an adjustable warm white front light, making it more comfortable to read in different environments. It’s also waterproof, so you can read while lounging by the pool, which I plan to do a lot of this summer. Meanwhile,...
Read more