technology

California’s DMV Suspends Cruise’s Self-Driving Car Permits

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The California Department of Motor Vehicles has suspended Cruise’s deployment and testing permits for its autonomous vehicles, effective immediately. The news follows a string of safety concerns and incidents since General Motors-owned Cruise won approval in August for a 24-hour robotic taxi service in San Francisco. “When there is an unreasonable risk to public safety, …

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FTX’s top engineer says Bankman-Fried spent $1.13 billion on celebrities

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The criminal trial against FTX founder Sam Bankman-Fried continued on Monday, with the crypto firm’s former engineering director, Nishad Singh, taking the stand. Singh said he often complained to Bankman-Fried that the company’s spending “reeked of excess.” Singh said he owned about 6% or 7% of FTX, making him a paper billionaire before the company …

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