• Bay Area Times
  • Posts
  • Apple abandons Car project, most of 2K employees to shift to AI division

Apple abandons Car project, most of 2K employees to shift to AI division

Brought to you by:

Top stories today:

  1. Apple abandons Car project
  2. Google CEO e-mail to employees on Gemini: “completely unacceptable”
  3. SBF asks for sentence of 6.5 years or less
  4. GPT-4 found best AI model for election information

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Apple abandons Car project, most of 2K employees to shift to AI division

Elon, just after the news, commented that the new Tesla Roadster will do 0-60 mph in <1 second, leveraging SpaceX technology

  • End of 2024: unveil.

  • 2025: “aiming to ship,” which is likely an optimistic prediction by Elon.

2. Google CEO e-mail to employees on Gemini: “completely unacceptable and we got it wrong”

Alphabet’s stock was +1% on Tuesday, in line with the S&P 500, after a -5% performance on Monday:


4. SBF asks for sentence of 6.5 years or less

5. GPT-4 found best AI model for election information

It had, by far, the least inaccurate answers (still 19% of the time), according to a study by The AI Democracy Projects:

6. Superhuman launches AI 2.0, with automatic draft replies

Read more: Product Hunt.

7. Streaming subscriptions in U.S. surpass 240M in 2023, with +10% YoY growth

8. Interesting videos, posts, and memes

9. Other headlines


  • GitHub’s Copilot Enterprise now generally available at $39/mo.

  • Glean raises $200M at $2.2B, with $39M in ARR.

  • WordPress, Tumblr to sell AI training data to OpenAI, Midjourney.

  • OpenAI seeks partial dismissal of NYT’s suit.

  • Intel plans 1nm process for 2027.

  • Google paying news publishers to test gen. AI tool.

  • HubSpot: download 100 curated ChatGPT prompts, for free.*



  • Klarna in talks to IPO at $20B valuation, with $2.3B in revenue in 2023.

  • Vision Pro: 40% of components produced by Japanese companies.

  • Google Maps rolling out glanceable directors.

  • Bumble laying off ~30% of staff, eliminating 350 employees.

  • Sony’s video game division lays off 8% of staff, ~900 employees.

  • Zoho's new CRM, Bigin, can be the game changer for your business success.*

  • citizenM has 14 tech-ready hotels stateside for the best night's sleep of your life.*


Tech earnings

Tech & law

  • Biden may sign exec. order to limit sales of some U.S. data to China.

  • Apple execs met with DOJ last week in bid to avoid antitrust suit.

  • EU investigating Microsoft’s security software practices.

  • TikTok replaces trust & safety head with protégé of CEO Chew.

  • Applied Materials’s shipments to Chinese customers under review by U.S.




  • Sen. Warren continues to bash crypto, space for “traffickers,” “terrorists.”

  • Uniswap: making it easier to buy, sell and trade tokens on Ethereum.*


U.S. politics


  • Yellen supports giving $300B in frozen Russian assets to Ukraine.

  • NATO countries reject Macron’s suggestion of sending troops to Ukraine.

  • Russia’s criteria for using nukes include ground invasions.

  • Navalny’s funeral to be held on Fri. in Moscow.

  • China expands state secrets law, effective in May.

  • U.S. announces $53M in new aid to Gaza.

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

What did you think of today's newsletter?

Login or Subscribe to participate in polls.

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.

Subscribe to keep reading

This content is free, but you must be subscribed to Bay Area Times to continue reading.

Already a subscriber?Sign In.Not now