The first Ferrari Luce sold for $40mn, 36 times its estimate

The first production Ferrari Luce sold for $40mn at RM Sotheby’s Monterey auction, setting records for the most expensive new car, electric car and charity car sold at public auction. Ferrari keeps [...]

California’s first self-driving trucks are on the road, and the rules behind them are in court

California has issued its first permits to test autonomous trucks on public roads, to Aurora Innovation and Kodiak AI, with Kodiak already running vehicles around Mountain View. Teamsters California f [...]

EY will keep interns on for a year before offering them a job

EY is launching a paid Career Residency that keeps assurance interns employed part-time for 8 to 12 months after their eight-week internship, working remotely on EY projects during their final year of [...]

OpenAI is funding 13 Axios local newsletters in a three-year deal

OpenAI is paying the startup costs of 13 new Axios Local newsletters, covering both staff and technology. Axios employees also get free credits for OpenAI’s enterprise tools. In return, Axios lets O [...]

OpenAI disbanded the team that assessed catastrophic model risks

OpenAI shut down its preparedness team at the end of July, the Financial Times reports. The team existed to work out whether OpenAI’s models posed catastrophic risks. It also designed the ways to co [...]

France’s tax agency lost data on 678,000 people to a stolen login

The French tax agency says an attacker took data belonging to 678,000 individuals and businesses. The intrusions happened in June and July. The agency did not establish that anything had left its syst [...]

Terra Industries closes a $52mn seed and opens its first office outside Africa

Terra Industries has added $18mn to close a $52mn seed round and will open its first office outside Africa in London, while keeping manufacturing in Ghana and Nigeria. The Nigerian company was founded [...]

Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand

Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. [...]

Higgsfield raised $400mn at $5.4bn, four times its January valuation

Higgsfield has raised $400mn at a $5.4bn valuation. DST Global led the round. Goldman Sachs, Intel Capital, and Liberty Global Tech Ventures all took part, alongside Tribe Capital, Smash Capital, Fift [...]