PITAA

Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company. It’s a deal that could raise more than $300 million for May Mobility at a valuation of $1.4 billion, the company said Wednesday. Once the merger is complete, May Mobility said it will be … Read more

The world hasn’t been the same since ChatGPT made its debut in November 2022, when seemingly out of nowhere, a means of engaging with large language models propelled AI beyond hype and into day-to-day reality. Robotics, like AI, has been discussed, built upon, and in some ways adopted for a long time now, but it’s … Read more

Meta announced on Wednesday that its social network and X rival Threads is rolling out new tools that will allow podcast creators to promote their shows, grow their audiences, and engage existing listeners directly on the platform. The news comes as X has also more recently been encouraging its creators to directly post videos on … Read more

South Korean memory chip giant SK Hynix is in discussions with Intel to manufacture RAM chips in the U.S. for the first time, Reuters reported, citing anonymous sources. The companies have reportedly discussed various options, one of which would have SK Hynix leasing space at Intel’s planned factory in Ohio to manufacture the chips. The … Read more

The U.S. has ambitious plans to triple the capacity of its nuclear power plants by 2050, but that goal might hit a roadblock if plant operators can’t buy fuel at reasonable prices. Prices for yellowcake, a form of unrefined uranium, are up 75% in the last five years, according to the U.S. Energy Information Administration. … Read more