Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

Rivian’s cost-cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year — especially because of the whorl of uncertainty caused by the new Trump administration. The company announced Thursday its fourth-quarter and full-year 2024 financial results, and along with it, shared plans…

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Elon Musk Is Focused on DOGE. What About Tesla?

Elon Musk Is Focused on DOGE. What About Tesla?

Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appear to be diverting his attention from Tesla at a perilous moment for the electric car company. Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed…

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A.I. Is Changing How Silicon Valley Builds Start-Ups

A.I. Is Changing How Silicon Valley Builds Start-Ups

Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalized gift baskets. Mr. Lee, 41, would normally be flattered. In the past, a fast-growing start-up like Gamma, the artificial intelligence start-up he helped establish in…

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Tether backs stablecoin liquidity provider Mansa in M seed round

Tether backs stablecoin liquidity provider Mansa in $10M seed round

As payment companies increasingly explore stablecoins for cross-border payments and real-time settlement, some startups are tapping into the zeitgeist by providing liquidity via a revolving line of credit in stablecoins. One of them is Dubai-based but Africa-focused Mansa, whose offering allows payments companies to settle transactions and fund customer accounts instantly. The startup has raised…

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