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Tesla rolls out congestion pricing ahead of holiday travel season

Congestion fees are now live at some Tesla Supercharger stations in the U.S. Translation: Tesla says it will charge drivers an additional $1 per minute to juice their electric-vehicle batteries beyond 90%, but only when stations are "busy." The fees come ahead of the busiest travel period in the U.S. — in particular, the days [&hellip;]<br>

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A brief look at the history of OpenAI’s board

Three OpenAI board members stepped down earlier this year within months of each other &#8212; yet the startup didn`t line up replacements. One of the current members, former Facebook CTO and Quora CEO Adam D`Angelo, launched an AI chatbot platform, Poe, that leverages &#8212; but also competes &#8212; with OpenAI products. And two members, Tasha [&hellip;]<br>

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Ford downsizes EV battery factory plan

Ford said Tuesday it will downsize its plans to build a factory in Michigan that makes cheaper lithium iron phosphate batteries using tech licensed from China’s CATL. The decision comes two months after Ford paused the factory project, known as the BlueOval Battery Park Michigan in Marshall; it`s also in line with the company`s decision [&hellip;]<br>

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Just how big of a recovery will it take to bring investors back to web3?

The crypto community has been enjoying a welcome reprieve from the dismal climate of the past year but it`s unclear if these recent gains will translate into more lasting interest in the decentralized economy.<br>

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Off/Script launches an app to create and buy AI-designed fashion

Founders of a new community-powered product creation platform, Off/Script, are making a huge bet on AI-designed merchandise. Created by Jonathan Brun and Justine Massicotte, the company today announced the official launch of its mobile app, allowing anyone to conceptualize, share, and monetize product mock-ups for a chance to make the concept a reality. Creators can [&hellip;]<br>

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Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride

Tiger Global Management is going through a major management change. Per a message from founder Chase Coleman sent this afternoon to investors of the 22-year-old venture- and hedge-fund investor, Coleman is taking over both the outfit`s public company investing and private equity businesses, while the longtime head of the latter, Scott Shleifer, becomes a senior [&hellip;]<br>

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What does a Harry Potter fanfic have to do with OpenAI?

Have you ever puked and had diarrhea at the same time? I have, and when it happened, I was listening to a fan-made audiobook version of Harry Potter and the Methods of Rationality (HPMOR), a fan fiction written by Eliezer Yudkowsky. No, the dual-ended bodily horror was not incited by the fanfic, but the two [&hellip;]<br>

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Kinterra Capital’s debut $565M fund to support mining for battery metals

Kinterra Capital, a Canadian private equity firm, has closed its $565 million debut fund dedicated to securing critical mineral assets for battery development. The influx of private capital comes amid increasing government incentives into the sourcing and production of battery materials in North America. Kinterra`s oversubscribed round will target asset-level investments in North America, Western [&hellip;]<br>

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Stability AI gets into the video generating game

AI startups that aren`t OpenAI are plugging away this week, it`d seem &#8212; sticking to their product roadmaps even as coverage of the chaos at OpenAI dominates the airwaves. See: Stability AI, which this afternoon announced Stable Video Diffusion, an AI model that generates videos by animating existing images. Based on Stability`s existing Stable Diffusion text-to-image [&hellip;]<br>

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Yup hacks together a cross-posting app for X, Threads, Bluesky and others

Decentralized social networking may be the future, but in the meantime, there are a lot of Twitter alternatives to keep up with. A new app called Yup aims to help by offering a single place to read feeds, follow friends across services and cross-post to a range of social apps, including Twitter/X itself, as well [&hellip;]<br>

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Where OpenAI goes from here is anyone’s guess

OpenAI`s fate took a a twist nobody could have imagined last week, and all we can do is watch to see what the final outcome will be.<br>

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Greg Brockman is still announcing OpenAI products for some reason

Ex-OpenAI president Greg Brockman &#8212; who, as far as we`re aware, isn`t currently employed at OpenAI in any capacity &#8212; is posting updates about OpenAI products on X, including one today about ChatGPT`s voice narration feature being made available to all ChatGPT users. ChatGPT Voice rolled out for all free users. Give it a try [&hellip;]<br>

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Founders: Pay attention to what happened with OpenAI’s board

Though no one knows precisely what happened, a common theory is that Altman’s for-profit efforts became at odds with the mission-driven nonprofit board.<br>

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Binance and CEO ‘CZ’ plead guilty to federal charges, agreed to pay $4.3B in fines

It’s been an eventful week for crypto exchanges and the U.S. government. Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, is stepping down and has pleaded guilty to a number of violations brought on through the Department of Justice and other U.S. agencies. He appeared in a Seattle federal court on [&hellip;]<br>

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Will the OpenAI chaos boost open source models?

Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.<br>

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SpaceX to launch European navigation satellites as EU launchers stall

SpaceX will launch four navigation satellites for the European Space Agency (ESA) amid ongoing delays with homegrown next-generation launch vehicles. The Wall Street Journal was the first to break the news. Earlier this summer, Politico reported that the European Commission was looking abroad for a launcher for the Galileo satellites, though at the time United [&hellip;]<br>

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Why Monday.com decided to build its new database instead of buying one

When Monday.com faced the classic build vs. buy dilemma for a new database, it decided to build one, but with a decided twist.<br>

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Federal hydrogen hub program could give fuel a boost — or the boot

The federal government`s approach to hydrogen is strikingly similar to the way it promoted biofuels a decade ago. That`s not a good thing.<br>

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Is Plaid’s potential IPO a sign of fintech turning a corner?

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Unfortunately we can’t make it to Money20/20 next week. But we have no doubt that we’re going to [&hellip;]<br>

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Three leading space companies agree: no new regulations on human spaceflight

Three leading space companies told Congress this week that the industry needs time to mature before federal regulators introduce new safety guidelines for human spaceflight – but that existing regulatory processes for launch are in dire need of improvement. SpaceX, Blue Origin and Virgin Galactic were all in agreement that the 20-year moratorium on federal [&hellip;]<br>