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“Apparently [China doesn't] want them, and I think the reason for that is they want semiconductor independence,” White House AI czar David Sacks said in an interview on Bloomberg Tech.

“I’ve had the privilege of working alongside the most talented and dedicated professionals in our industry to deliver for our employees, customers and shareholders,” CEO Robert Sanchez said.

Transportation providers are gaining access to a broad menu of emerging artificial intelligence capabilities, available both as bolt-on systems and embedded features in transportation management software.

A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible. 

Christian Moran of Ford Secure says, “Thieves do like to go after pickup trucks. They also like to go after the contents that are often in pickup trucks."

Marathon Asset Management and others that provided First Brands Group with $1.1 billion are seeing the super-senior debt crater at a speed that bankruptcy experts say is unprecedented.

Heightened risk of fraud and theft this holiday season adds to the challenges the trucking industry already is contending with, experts warned.

The automaker will equip its upcoming R2 sport utility vehicles with Rivian Autonomy Processor 1 chips and a new lidar sensor. TSMC will produce the chips.

The S&P 500 entry, announced Dec. 5, has added fuel to the shares’ ascent. The first day Carvana trades in the index will be Dec. 22. 

Volkswagen said it’s monitoring market developments and has reserved the range extender concept for its future EV platform.