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- 🚀 Rivian Receives $6.6B Loan
🚀 Rivian Receives $6.6B Loan
PLUS: OpenAI Gets New $1.5B Investment, Teslas Are Involved in More Fatal Accidents
Dear founder, here’s your 3-minute recap (without the fluff):
Automate while optimizing your business*: Build skills & strategies as business owners to leverage AI for smarter decisions, and smoother workflow.
Rivian secures $6.6B loan from Biden administration to restart Georgia EV factory (More)
OpenAI is allowing employees to sell roughly $1.5B worth of shares in a new tender offer to SoftBank (More)
According to a study, Teslas have the highest fatal accident rate of any car brand (More)
New tools, resources, funding updates & job postings
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đź“š Resources
Jaguar just made the most expensive mistake of 2024 (link)
10 channels that will teach you more in 2025 than a 4-year college degree (link)
15 books recommended by 15 billionaires (link)
8 wildest things Claude can now do (link)
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đź’° FundingZopper nets $25M to strengthen its insurance distribution platform. AI voice startup PlayAI raises $21M to power a new generation of more humanlike AI agents. | đź’Ľ Job BoardTechnical Marketing Engineer at Cisco (US) Product Manager at Versapay (Remote) |
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🗞️ News
Rivian Receives $6.6B Loan
The Biden administration has approved a $6.6 billion loan to Rivian Automotive to revive its stalled electric vehicle factory in Georgia. This funding aims to support the production of Rivian's R2 and R3 models with an expected operational start in 2028.
The project is projected to create 7,500 jobs and is part of the government's strategy to promote electric vehicle manufacturing. However, the loan's future may be uncertain with the upcoming Trump administration, which has expressed opposition to federal EV support.
OpenAI Gets New $1.5B Investment
OpenAI is permitting employees to sell approximately $1.5 billion in shares to SoftBank through a tender offer. This move follows a recent $6.6 billion funding round that valued OpenAI at $157 billion. The offer allows current and former employees to cash out their shares before the December 24 deadline. SoftBank's CEO Masayoshi Son has been instrumental in pushing for a larger stake in the company. Both OpenAI and SoftBank have declined to comment on the deal.
Teslas Are Involved in More Fatal Accidents
A recent study by iSeeCars reveals that Tesla has the highest rate of fatal accidents among all car brands with 5.6 fatalities per billion miles driven. This rate is significantly higher than the national average of 2.8. The findings suggest that driver behavior may play a crucial role in these statistics rather than vehicle design alone.
Tesla's Model Y and Model S are noted as particularly dangerous models. Ongoing investigations by federal agencies into Tesla's safety practices continue to raise concerns.
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