Latest news with #autonomousvehicles
TechCrunch
11 hours ago
- Automotive
- TechCrunch
Tesla files new ‘Robotaxi' trademark applications after prior attempt stalls
Tesla has filed trademark applications for the term 'Tesla Robotaxi,' after the company's previous attempts to secure trademarks for its planned self-driving vehicle service hit roadblocks. The company originally applied in October 2024 for the trademark of the words 'Robotaxi' and 'Cybercab.' The United States Patent and Trademark Office (USPTO) told the company last month it needed more detail in order to allow a trademark for 'Robotaxi,' a term that is used by a number of other companies like Waymo, as TechCrunch first reported last month. The USPTO halted Tesla's application for 'Cybercab' outright due to the number of other companies trying to trademark various uses of the term 'Cyber.' Tesla submitted the three new applications for the more specific 'Tesla Robotaxi' phrase as it looks to begin testing in Austin, Texas later this month. It's looking to attain the trademarks to be used in reference to Tesla's planned autonomous ride-hailing service, the related mobile app, and the vehicles themselves. It's unlikely the applications will be reviewed in time for that test; trademark applications typically sit for months before they are assigned to an 'examiner.' Tesla also has applications pending for trademarks on the phrases 'Robobus,' 'Robus,' and 'Cyberbus,' presumably for the van-like concept vehicle it showed off last October when it revealed the Cybercab prototype. During that event, CEO Elon Musk referred to that vehicle as the 'Robovan.' But Estonian robotic delivery company Starship already owns a trademark for that term.
Yahoo
a day ago
- Business
- Yahoo
'It Won't Be China That Takes Control — It'll Be Musk': Enrique Abeyta Says Trump's AI Order Hands Elon the Reins of America's Machine Future
WASHINGTON, June 01, 2025 (GLOBE NEWSWIRE) -- Most headlines worry about foreign AI dominance. But former hedge fund manager Enrique Abeyta sees a different threat rising from within. Abeyta explains in his recent briefing that with Elon Musk's AI supercomputer Dojo accelerating toward national rollout — and President Trump's executive order removing the last legal barriers — Abeyta warns: 'It won't be China that runs the machine economy. It'll be Musk.' 'Trump just ensured Dojo stays American. But in the process, he handed Musk the keys.' Domestic Superpower: What Musk Built Dojo isn't just a chip or a data project. It's a complete, real-time AI system that's: Trained on 160 billion frames of daily real-world video Built on a proprietary chip 6x faster than Nvidia's top processor Designed to control machines in motion — not simulations Tesla's next step? The June 1st launch of a fully autonomous robotaxi — no pedals, no steering wheel, no driver. Trump's Order Removes the Last Obstacle President Trump's 'Removing Barriers to American AI Innovation' executive order gives domestic AI leaders unprecedented freedom to develop and deploy systems like Dojo without traditional oversight. One key partner in Musk's AI ecosystem is already 'expecting to receive billions of dollars from the Trump administration.' The stated goal: outpace China. The result? Musk now operates the fastest, most government-aligned AI infrastructure in the country. About Enrique Abeyta Enrique Abeyta is a former hedge fund manager who tracked high-level capital movements and strategic shifts across markets, infrastructure, and policy. After managing nearly $4 billion in institutional capital, he now leads Breaking Profits, a research platform dedicated to exposing the next generation of power systems shaping America's future. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press GroupEmail: dwarren@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
From Startup to State Asset? Former Hedge Fund Manager Warns Elon Musk's Dojo Is Quietly Becoming National Infrastructure
BALTIMORE, June 01, 2025 (GLOBE NEWSWIRE) -- It started as a Tesla project. But according to former hedge fund manager Enrique Abeyta's recent briefing, Elon Musk's Dojo may soon be functioning as critical U.S. infrastructure — without anyone officially calling it that. What began as an AI chip built to replace Nvidia has quickly evolved into a full-stack platform capable of running autonomous vehicles, training machine vision systems, and powering physical AI across industries. 'This is how it happens,' Abeyta says. 'You build something private… and then one day, the government needs it more than anyone else.' The Private Chip That's Becoming Public Policy Dojo was born out of necessity — after Nvidia couldn't meet Musk's needs. The result? A custom chip now reported to be 6x more powerful than Nvidia's best-selling model, optimized for training AI on real-world video at massive scale. Every day, Tesla's fleet feeds Dojo with 160 billion frames of visual data, helping the system learn how to operate in the physical world — without human help. On June 1st, Tesla is expected to launch a robotaxi with no steering wheel, no pedals, and no fallback to human control. AI Without a Kill Switch Dojo's value isn't just speed — it's autonomy. Abeyta believes that's what makes it so appealing to government agencies quietly searching for domestic alternatives to foreign tech dependence. 'Once you control the AI, the chips, the vehicles, and the data — you're not a car company anymore,' he says. 'You're a national asset in everything but name.' And the signs are already here: According to internal reports, one of Musk's key Dojo partners is 'expecting to receive billions of dollars from the Trump administration.' That aligns with a recent executive order from President Trump, aimed at 'removing barriers to American AI innovation.' The Tesla Effect: When Platforms Become Policy This wouldn't be the first time Musk built something the government eventually leaned on — from satellites to EV infrastructure. But Abeyta says Dojo is different. It's not about energy or communication. It's about machine-level control over physical environments — and that means its future may not be up to Tesla at all. About Enrique Abeyta Enrique Abeyta is a former hedge fund manager with more than two decades of experience tracking large-scale industrial and capital transformations. After managing nearly $4 billion in institutional funds, he now leads Breaking Profits, a research platform focused on identifying the hidden infrastructure reshaping America's future — from finance to tech to defense. Media Contact:Derek WarrenPublic Relations ManagerParadigm Press GroupEmail: dwarren@ lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Globe and Mail
3 days ago
- Business
- Globe and Mail
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential. See more UBER analyst ratings Disclaimer & Disclosure Report an Issue
TechCrunch
3 days ago
- Automotive
- TechCrunch
Elon Musk is lobbying lawmakers on driverless vehicle rules
In Brief Elon Musk may have stepped away from his duties as the lead of the Department of Government Efficiency and adviser to President Trump, but he's still active in D.C. circles. This time, he's on the other side, lobbying lawmakers on legislation related to autonomous vehicles, according to a report by Bloomberg that cited unnamed sources. Musk and others in his orbit have been calling members of Congress directly, according to Bloomberg. His efforts appear to be directed at a bill introduced May 15 called the Autonomous Vehicle Acceleration Act. Musk has bet much of Tesla's future on AI, robotics, and autonomous vehicles. He has frequently tied the company's value to its investment and eventual commercialization of autonomous vehicles. And next month, Tesla is expected to launch a small and geofenced robotaxi service in Austin, Texas. Tesla also wants to eventually roll out autonomous vehicles — branded Cybercabs — that don't have a steering wheel or pedals. But today there is not clear federal rules or standards to allow such a vehicle to operate at scale.
