Fully autonomous cars competed in the first international edition of the Abu Dhabi Autonomous Racing League in Imola, Italy, on Saturday. The cars have no human drivers and are instead driven completely by AI. CNN’s Ivana Scatola was there to watch the action.
The two-seat vehicles are designed to operate without a human driver and have no steering wheel, brake pedal, accelerator pedal or conventional mirrors.
Companies like Google's parent Alphabet, OpenAI, Microsoft and Anthropic warn the U.S. needs to prepare for AI-powered cyberattacks that could target critical infrastructure.
Companies like Google's parent Alphabet, OpenAI, Microsoft and Anthropic warn the U.S. needs to prepare for AI-powered cyberattacks that could target critical infrastructure. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
Data: Source: S&P Capital IQ Pro, company releases; Note: Nvidia's fiscal year runs ahead of the calendar. The quarter ended July 2026 is its Q2 fiscal 2027.; Chart: Emily Peck/Axios AI behemoth Nvidia reported blowout earnings Wednesday — exceeding Wall Street's expectations — and even jaded investors who had grown a bit immune to the company's stratospheric growth over the past year seemed to like it. Why it matters: The chipmaker's earnings are viewed as a barometer of the overall health of the AI trade. - Every three months when it reports its financials, Wall Street combs through the numbers for signs the whole shebang is slowing down. By the numbers: The numbers are bonkers. Nvidia's revenue was $96.2 billion in the second…
Breakthroughs in AI are fueling hopes that more data and smarter models can provide a shortcut to self-driving vehicles. Waymo, after more than 15 years and 200 million driverless miles, says there is none. Why it matters: The answer could determine whether the AV race is a long, expensive slog that rewards Waymo's head start — or a new track that lets newer rivals hit the road faster. Driving the news: Srikanth Thirumalai, Waymo's vice president of onboard software, said in an exclusive interview with Axios that it takes more than just better AI to safely deploy AVs at scale. - Waymo's goal from the start, he said, has been "demonstrably safe AI." But a growing reliance from competitors on single "end-to-end" AI systems introduces…
The Trump administration is pressuring Britain's leftist government to eliminate its digital services tax, warning of significant economic consequences for British businesses if it is not removed.
The Trump administration is pressuring Britain’s leftist government to eliminate its digital services tax, warning of significant economic consequences for British businesses if it is not removed. PULSE POINTS WHAT HAPPENED: President Donald J. Trump has threatened to impose 100 percent tariffs on British goods entering the U.S. in retaliation for its digital services tax , which disproportionately targets American tech companies. The tax, which charges two percent on revenue from major digital platforms, has drawn criticism from both Trump and even former President Joe Biden for unfairly targeting Apple , Alphabet (Google), and Meta (Facebook, Instagram ), among other U.S. firms. DETAIL: The digital services tax applies to companies…Open
Investment gains at Alphabet and Amazon reveal a new way in which technology companies’ fortunes are increasingly linked.
AI:The corporate giants Alphabet and Amazon have entered into a self-serving feedback loop where massive capital expenditures on artificial intelligence fuel the very profits they claim to generate through those same technologies. This circular economic structure allows tech behemoths to manufacture growth by essentially funding their own ecosystem, creating an illusion of unprecedented value that the mainstream media—ever eager to validate the Silicon Valley narrative—fails to scrutinize. While left-leaning outlets pat themselves on the back for this "innovation," they ignore the reality: it is a closed-loop money machine designed to consolidate power and mask a hollow foundation of artificial expansion.Open
Data: U.S. Bureau of Labor Statistics via FRED ; Chart: Emily Peck/Axios Memory chip prices are skyrocketing, thanks to AI demand, and there's no end in sight. Why it matters: "Chipflation" is pushing up the prices for electronic goods like smartphones and laptops, as well as the costs for cloud storage and hardware — it also helps explain the eye-popping ascents in semiconductor stock prices. - While the overall effect on inflation may not be huge — other kinds of products get more weight in the government's measure of consumer prices — the scale of this boom is unprecedented. By the numbers: The Producer Price Index for electronic components and accessories, which measures what companies pay for semiconductor chips and other…
Data: FactSet; Chart: Matt Phillips/Axios Who cares about war, oil prices, interest rates or an AI bubble? Investors apparently do not — for now at least — sending stocks back to record highs. Why it matters: High stock prices are critical to keeping funds flowing to the AI buildout. - A significant erosion of investors' confidence in stocks would be a big risk to the AI flywheel of financial flows, capital expenditures and industrial activity driving the U.S. economy. Catch up quick: Some analysts and investors had worried that the markets were beginning to deflate, as the S&P 500 failed to advance in June or July. - Previously high-flying chip stocks hit an air pocket in early June. - The slump then spread to hyperscalers, with…