Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
Rivian reduced its 2026 spending plans and slightly narrowed its previously forecasted losses this year as the company reported second-quarter results.
Ferrari is pleased with the launch of the Luce all-electric vehicle despite significant criticism upon the car's spring debut, according to CEO Benedetto Vigna.