Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia's Public Investment Fund.
Joe Marchese, Executive Chairman at Human Ventures, describes a key conundrum facing OpenAI and other AI start-ups as they disrupt the ad tech industry.
China automakers have turned to emerging markets like Brazil to offload their massive supply. Brands including BYD now make up over 80% of EV sales in Brazil.