
Nvidia’s board has approved an extra $150bn for share buybacks, the company said on Monday. That lifts the total remaining authorisation to $235bn, which Nvidia expects to use through fiscal year 2028. Nvidia called it the largest increase to a share r…

Instinct has raised $1B at a $10B valuation from Sequoia, Benchmark and Coatue for a personal AI agent that books trips, orders groceries and telephones businesses using its own phone. Since 2 August, Article 50 of the EU AI Act has required systems th…

Volkswagen’s battery subsidiary PowerCo has delayed its Ontario plant by two years to 2029, and the ID Buzz will skip another American model year. Its Salzgitter plant in Germany has been making cells since December and supplies a new assembly line at …

Nio has agreed to sell a 30% stake in its battery swapping business, Nio Power, to Zhejiang Geely Holding Group, the company said on Monday. The two Chinese carmakers will also share technology and standards and build a joint service network. Geely Hol…

Walmart says it won’t change product prices based on your personal information or the time of day, as reported earlier by The Wall Street Journal. In a letter to customers, Walmart CEO John Furner writes that the company’s switch to digital shelf labels is meant to save store associates time, rather than dynamically change prices. […]

Chery has built the world’s first diesel plug-in hybrid pickup, the Stockman, developed for Australia rather than China, with a 2.5-litre turbo-diesel, a 34 kWh battery and a claimed 100 km of electric range on the NEDC cycle. Volvo invented the diesel…

Automattic chief executive Matt Mullenweg has named a new board, weeks after the previous directors tried to put him on leave. The board includes science-fiction author Hugh Howey and two co-founders of the defunct social app IRL, Sarah Perez reported …

Hyundai research chief Manfred Harrer says carmakers cannot give up on solid-state batteries and expects small-volume halo cars within five years, but does not believe the raw material cost problem can be solved in that time. LG Energy Solution puts so…