Wednesday, May 20Wednesday, May 20Stellantis is advancing its strategy to dominate the European electric vehicle (EV) market by developing a new range of affordable, small electric cars. The company plans to introduce a $17,500 small EV, targeting the struggling entry-level segment to revive both consumer demand and domestic manufacturing . This initiative aligns with Stellantis’ broader goal of revolutionizing Europe’s EV market by offering low-cost, fully electric vehicles under brands like Fiat, Opel, and Citroën, aiming to restore competitiveness in the region’s automotive industry . The move reflects Stellantis’ commitment to expanding its market share in the EV sector while addressing affordability barriers for consumers.
Stellantis plans $17,500 small EV to revive European market
gdeltproject.org · 1 day ago
Decathlon opens second Argentina store as part of $100mn expansion plan French sporting goods retailer Decathlon will open its second Argentina store in Córdoba on May 30, its first outside Buenos Aires, as part of a $100mn plan to open more than 20 outlets nationwide.
intellinews · 1 day ago
OpenAI co-founder Andrej Karpathy joins Anthropic Andrej Karpathy, one of the best-known AI researchers in the world and a founding member of OpenAI, announced Tuesday that hes joining rival AI lab Anthropic.Why it matters: The hire is a major coup for Anthropic in the high-stakes competition for elite AI talent — and another sign the company is emerging as a magnet for some of the industrys most respected technical minds.Driving the news: Karpathy will start this week on Anthropics pre-training team, which is responsible for the massive training runs that give Claude its core knowledge and capabilities, according to Anthropic.Karpathy will help launch a new team focused on using Claude itself to accelerate pretraining research — an increasingly important frontier as AI companies race to automate parts of AI development.I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D, Karpathy said in a post on X. Between the lines: Karpathy is a rare AI figure with credibility across research, industry and education.He was a founding member of OpenAI before serving as Teslas director of AI, where he led the computer vision team behind Autopilot.Karpathy coined the term vibe coding and recently described himself as being in a state of AI psychosis since December — embracing tokenmaxxing and aggressively stress-testing frontier models.Zoom out: Since leaving Tesla in 2022, Karpathy has become one of AIs most influential public educators, building a massive following through technical explainers and educational content on YouTube and X.He said Tuesday that he remains deeply passionate about education and plans to return to that work in time.The bottom line: The AI race is often framed around massive funding rounds and scarce computing power. Just as important is the fierce competition for the small pool of researchers — like Karpathy — capable of advancing the frontier.
axios · 1 day ago
Polymarket launches private company prediction markets including SpaceX and Anthropic CEO says allowing retail customers to bet on companies opens up one of the last frontiers of finance
financial times · 1 day ago
Gambling addicts are struggling as Kalshi and Polymarket explode in the US: You could be betting your rent away Experts warn that although prediction markets are not regulated as gambling platforms, they are just as addictiveWhen Kevin first heard about the prediction market Kalshi, he knew deep down it would be wise to stay away. Kalshi reminded him of a weakness of his: sports betting.Kevin, who is 36 and works in law enforcement in Texas, has been a gambling addict for 18 years. Its a problem that cost him his first marriage and forced him to file for bankruptcy. Continue reading...
theguardian · 1 day ago
French AI giant acquires startup co-founded by Latvian entrepreneur French artificial intelligence company Mistral AI has agreed to acquire Austrian startup Emmi AI, an industrial engineering technology firm co-founded by Latvian entrepreneur Miks Miksons.
intellinews · 1 day ago
Stockpicker Nick Train receives £9mn payout despite plunge in profits Investors pull money from groups funds as asset manager fails to beat stock market for fifth year in succession
financial times · 1 day ago
EIB plans €80mn investment in Ukraine-focused Amber Dragon fund The European Investment Bank plans to invest €80mn in the Amber Dragon European Fund for Ukraine, a flagship reconstruction and private-sector ...
intellinews · 1 day ago
Stellantis to build new affordable electric vehicles to revive small car market Stellantis is set to revolutionise Europes electric vehicle market with plans for a new range of small, low-cost fully electric cars, aiming to revitalise the continents struggling entry-level car segment and manufacturing industry.
independent · 1 day ago
Mistral acquires Austrias Emmi AI Europes leading AI firm has acquired an Austrian AI startup, in an effort to build out its offering for aerospace, automotive and industrial businesses across Europe. Frances Mistral has acquired Em...
tech.eu · 1 day ago
Israels Decart secures $300mn in funding following Nvidia and Amazon deals Israeli AI company Decart has raised $300mn in a new funding round less than a year after its previous raise, lifting its valuation to $4bn.
intellinews · 1 day ago