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Fisker enters into dumpster fire territory and Tesla chases FSD revenue

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TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free.

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Remember in the last edition of TechCrunch Mobility, when I wrote that the wheels were starting to come off the Fisker bus? Sheesh. Did they.

To catch you up: Fisker issued a warning on March 18 that it was pausing production for six weeks and had just $121 million in cash and cash equivalents, $32 million of which was restricted or not immediately accessible. The company was counting on a $150 million influx of capital via convertible notes and a potential partnership with another automaker. Those hopes incinerated as fast as a gasoline-soaked rag when negotiations between Fisker and the large automaker — reported to be Nissan — fell apart and put that convertible note deal in jeopardy.

Shares plummeted 28%, trading was halted, and in a final blow, the New York Stock Exchange said it was taking steps to remove Fisker from the exchange.

Those are all symptoms of a bigger problem within the company, including one particularly embarrassing one that TC reporter Sean O’Kane uncovered. The tl;dr: Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete.

Alrighty, let’s jump into the rest of it, including where bankrupt EV startup Arrival’s assets ended up, a profile on startup Ionobell hoping to increase EV range through recycled silicon battery materials, and a $1 billion boost for Lucid.

A little bird

blinky cat bird green

Founders, investors, engineers, policy wonks and others tell us things. And we’re here to pass along the verifiable information that those little birds have shared with us.

Got a tip for us? Email Kirsten Korosec at kirsten.korosec@techcrunch.com or Sean O’Kane sean.okane@techcrunch.com. If you prefer to remain anonymousclick here to contact us, which includes SecureDrop (instructions here) and various encrypted messaging apps.

Deal of the week

money the station

It ain’t easy being an executive at an EV startup these days. Just ask the folks at Fisker. (Sorry, too soon?)

Amid all of the EV startup bankruptcies and other bleak goings-on, there was a bit of positive news. Lucid, which has had its own struggles, raised another $1 billion from its biggest financial backer, Saudi Arabia. Ayar Third Investment, an affiliate of Saudi Arabia’s Public Investment Fund, agreed to buy $1 billion worth of Lucid’s stock, which will add to the Kingdom’s current stake of around 60% ownership.

The $1 billion boost is a lot of money, but it doesn’t last long if you’re trying to design, manufacture, sell and service vehicles. This gives Lucid an important capital buffer; however, it does not end it’s existential crisis. The company must successfully bring its next vehicle, the Gravity SUV, to market and drum up fresh business for its existing Air sedan if it hopes to survive and scale.

Other deals that got my attention …

Cyvl.ai, a Boston-area startup that helps municipalities and civil engineering firms track the conditions of transportation infrastructure, raised $6 million in a round led by Companyon Ventures with participation from Argon Ventures, Aero X Ventures and Alumni Ventures. Existing investors MassVentures, Launch Capital and RiverPark Ventures also participated.

Ember, a Scottish startup building one of the U.K.’s first all-electric intercity bus networks, raised $14 million in a Series A round led by Inven Capital. Investors 2150 and AENU also participated.

Ionobell, a seed-stage startup that says its silicon material will be cheaper than the established competition and help boost range in EV batteries, closed an unpriced $3.9 million seed extension, TechCrunch exclusively learned. Dynamo Ventures and Trucks VC led the round.

Iron Sheepdog, a startup that developed trucking software for brokers and contractors, raised $10 million in a Series B round led by SJF Ventures with participation from Grand Ventures, Supply Chain Ventures, and other strategic partners in the construction industry.

Notable reads and other tidbits

ADAS

Tesla is going to give every customer in the U.S. a free one-month trial of its $12,000 Full Self-Driving Beta driver-assistance system, provided they have a car with the compatible hardware. The company is also reportedly mandating, at CEO Elon Musk’s request, that prospective buyers are given a demo of the software before they purchase a new Tesla. It seems that Tesla is turning to FSD as another financial lever to pull as profits on automotive sales shrink.

Electric vehicles, charging & batteries

Arrival sold some of its assets, including advanced manufacturing equipment, to Canoo, another struggling startup trying to build and sell electric vehicles. You can’t make this stuff up, folks!

The U.S. Environmental Protection Agency announced new emissions standards for heavy-duty vehicles sold in the U.S. from 2027 to 2032, a regulation that will increasingly limit the amount of pollution emitted by new heavy trucks. The regulations technically don’t mandate that these non-polluting heavy trucks are electric and instead let manufacturers decide how to meet the standards, whether its through hydrogen-powered fuel cells, better fuel efficiency or another alternative fuel. However, many believe it will mean a boost in battery-electric heavy-duty trucks. Consider the potential effect for this rule: The heavy-trucks category applies to more than 100 vehicle types, including vocational vehicles such as delivery trucks, garbage haulers, public utility trucks, transit, shuttle and school buses, as well as tractor-trailer trucks.

In-car tech

GM has lost another executive who was part of the company’s software and digital services effort. You might recall that former Apple executive Mike Abbott, who was executive vice president of GM’s software and services, stepped down earlier this month due to health issues. Now Edward Kummer, a former president of Nordstrom Rack’s online business who joined GM in 2021 to head up its new digital business team, is gone, the Detroit News reported.

This week’s wheels

land rover defender 110-x

Image Credits: Kirsten Korosec

I rarely test out internal combustion engine vehicles, but I made an exception this week when I had the chance to spend a few hundred miles behind the wheel of a 2024 Land Rover Defender 110 X-Dynamic SE. And technically, folks, this has a six-cylinder Mild-Hybrid Electric Vehicle powertrain, so that still qualifies, right?

My experience with Land Rover Defender has been solely in body-on-frame models that are decades old. So I was looking forward to finally getting in the modern version, which Land Rover officially brought back in 2020. The spec I drove, which was priced at just under $88,000 and included some pricey upgrades and 22-inch wheels, is probably suited for the well-heeled urban customer. But with different tires, this aluminum monocoque-structure Defender could absolutely handle off-road conditions. I played around on dirt roads — no rock crawling — and it handled just fine with no squeaks, rattles or clunks, even on washboard terrain.

I didn’t love the advanced driver-assistance system, notably how the driver engages the adaptive cruise control. But there were lots of features I did like, including the very quiet ride, adaptive air suspension, the white paint-on-black gloss details, a functional rear door and easy-to-reach spare tire, the air-chilled cubby to keep snacks cool and an interior design that marries utilitarian function with robust, high-quality materials.

A final word on that interior — you won’t find a massive screen here. But there are tech-related details mixed in with the buttons and knobs. My version had a wireless charger and plenty of charger ports, including one on the dash of the passenger side. And the user interface was actually fairly decent.

One feature I liked was a drop-down menu on the media toggle that allowed me to quickly swap between Apple CarPlay and the native infotainment system that included Sirius XM radio or local stations. That might seem inconsequential, but I have been in a number of EVs lately that make it far too complicated to switch between CarPlay and the native system.



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Silicon Valley shaken as open-source AI models Llama 3.1 and Mistral Large 2 match industry leaders

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Open-source artificial intelligence has reached a watershed moment, challenging the long-held dominance of proprietary systems and promising to reshape the AI landscape.

This week, two significant developments have propelled open-source AI models to the forefront of technological capability, potentially democratizing access to cutting-edge AI tools.

On Tuesday, Mark Zuckerberg, chief executive of Meta, unveiled Llama 3.1, declaring it had achieved “frontier-level” status.

This bold claim suggests that Meta’s freely available AI now rivals the most advanced systems from industry leaders like OpenAI, Google, and Anthropic.

Just a day later, Mistral, an emerging French AI lab, released Mistral Large 2, a model that reportedly matches or surpasses existing top-tier systems, particularly in multilingual applications.

These back-to-back releases mark a pivotal shift in the AI world. For years, tech giants have jealously guarded their most powerful AI models, citing concerns over safety, potential misuse, and competitive advantage.

This week’s developments have shattered that paradigm, igniting debates about equity, innovation, and the ethical implications of democratizing such transformative technology.

Industry experts are hailing this week’s developments as a potential turning point in AI history, comparable to pivotal moments that have sparked technological revolutions in the past.

The sudden availability of frontier-level open-source models is expected to dramatically accelerate AI development globally, potentially reshaping entire industries and altering the balance of power in the tech world.

This rapid democratization of cutting-edge AI capabilities could usher in a new era of innovation and competition, with far-reaching consequences for businesses, researchers, and society at large.

Open-source challengers shake up the AI status quo

The implications of this week’s announcements are far-reaching. Smaller companies and individual developers can now access sophisticated AI capabilities without the hefty price tags or vendor lock-in associated with proprietary systems. This democratization could fuel an unprecedented wave of innovation, as diverse minds from around the globe contribute to and build upon these powerful tools.

However, the widespread availability of advanced AI also raises new challenges. Organizations must now grapple with how to differentiate themselves in a world where cutting-edge AI capabilities are becoming commoditized. The onus falls on business leaders and technical decision-makers to rapidly develop strategies that leverage these open technologies while adding unique value.

The geopolitical ramifications of this shift are equally significant. As AI becomes increasingly central to national competitiveness, the proliferation of open-source models could alter the global balance of power in technology. Countries and regions that effectively harness these openly available resources may gain significant advantages in AI development and application.

A double-edged sword: The thrilling and terrifying dawn of AI for all

Despite the excitement, skeptics urge caution in accepting claims of parity with top proprietary models at face value.

The AI field is known for its rapid advancements and shifting benchmarks, making “frontier-level” a moving target. Moreover, raw model capability is just one factor in AI system effectiveness; data quality, fine-tuning, and application-specific optimizations play crucial roles in real-world performance.

The abrupt open-sourcing of frontier-level AI also intensifies ongoing debates about AI safety and ethics. While transparency can aid in identifying and addressing biases or vulnerabilities, it may also lower barriers for malicious actors seeking to exploit these powerful tools. The AI community now faces the urgent challenge of striking a delicate balance between openness and responsible development.

For policymakers, this week’s developments underscore the critical need for adaptive regulatory frameworks that can keep pace with technological advancements while ensuring public safety and ethical use of AI. The tech industry may need to rapidly reevaluate business models and competitive strategies in a landscape where cutting-edge AI capabilities have suddenly become widely accessible.

Navigating the new frontier: Collaboration, ethics, and the future of AI

As the dust settles on this landmark week, the true impact of these milestones will be determined by how effectively the global community harnesses the potential of open-source AI while mitigating its risks.

The sudden democratization of frontier-level AI has the potential to accelerate innovation, reshape industries, and fundamentally alter our relationship with artificial intelligence.

In this new era, collaboration and ethical considerations will be paramount. The open-source AI revolution promises to unlock unprecedented possibilities, but it also demands a heightened sense of responsibility from developers, businesses, and society as a whole.

As we navigate this transformative period, one thing is clear: the future of AI is becoming more open, more accessible, and more participatory than ever before, and the pace of change is accelerating rapidly.



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ISPs are fighting to raise the price of low-income broadband

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A new government program is trying to encourage Internet service providers (ISPs) to offer lower rates for lower income customers by distributing federal funds through states. The only problem is the ISPs don’t want to offer the proposed rates.

 obtained a letter sent to US Commerce Secretary Gina Raimondo signed by more than 30 broadband industry trade groups like ACA Connects and the Fiber Broadband Association as well as several state based organizations. The letter raises “both a sense of alarm and urgency” about their ability to participate in the Broadband Equity, Access and Deployment (BEAD) program. The newly formed BEAD program provides over $42 billion in federal funds to “expand high-speed internet access by funding planning, infrastructure, deployment and adoption programs” in states across the country, according to the (NTIA).

The money first goes to the NTIA and then it’s distributed to states after they obtain approval from the NTIA by presenting a low-cost broadband Internet option. The ISP industries’ letter claims a fixed rate of $30 per month for high speed Internet access is “completely unmoored from the economic realities of deploying and operating networks in the highest-cost, hardest-to-reach areas.”

The letter urges the NTIA to revise the low-cost service option rate proposed or approved so far. have completed all of the BEAD program’s phases.

Americans pay an average of $89 a month for Internet access. New Jersey has the highest average bill at $126 per month, according to a survey conducted by . A 2021 study from the found that 57 percent of households with an annual salary of $30,000 or less have a broadband connection.



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These transparent earbuds by Nothing made my AirPods look and sound boring

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A hand holding the Nothing Ear (a) earbuds

Nina Raemont/ZDNET

ZDNET’s key takeaways 

  • For $99, the new Nothing Ear (a) earbuds offer clear sound and a thoughtful design. 
  • Their affordability, comfort, and long battery life make them a great option for budget-conscious shoppers.
  • Unfortunately, its middling noise-canceling tech doesn’t protect you from external noises. 

Most of the audio tech on the market right now errs on the side of aesthetic caution. I’ve tested plenty of earbuds this year, and something I’ve noticed is that many manufacturers sacrifice style for functionality, opting for blacks, grays, and enough matte finishes to fit inside a therapist’s office — much to my chagrin. In the words of the late, great Andre Leon Talley, “it’s a famine of beauty” over here.  

Also: Why I ditched my AirPods Pro for Nothing’s new transparent earbuds (and don’t regret it)

So when Nothing sent me its new earbuds, I was excited to finally see a cool, fresh, and exciting design, and they’re worthy of a callout. I’ve been testing the new Nothing Ear (a) earbuds since launch, taking them on a ten-mile run, working deskside, and commuting on the subway with them in my ears. One question that informed my initial testing was: Despite their stylish design, how does the audio tech stack up to similarly-priced competitors?

View at Amazon

The Nothing Ear (a) advances on the specs from the brand’s Ear (1) earbuds from 2021. The new buds offer plenty of upgrades like improved active noise cancellation, transparency mode, longer battery life, Bluetooth multipoint, minimized latency for gaming, and pinch controls.

Also: The best earbuds of 2024: Expert tested and reviewed

Nothing plays with solid color and transparent accents and puts the two at the forefront of its product design. You can’t help but obsess over the brand’s unique visual appeal: a stripped-down design that reveals the inner workings of the technology cast against bold colors. The clear design of both the earbud case and the earbuds itself offers users an inside look into the tech’s internal components and an appreciation for what is often obscured. 

Nothing Ear (a) on a table

Nina Raemont/ZDNET

The earbuds come with three ear tip sizes in the box and are available in three colors: black, white, and yellow. I tried these buds in yellow, which is the first non-neutral color in Nothing’s earbud lineup. The color feels daring and bright and is just as much a fashion accessory as it is a tech accessory. 

Other competitive earbuds can’t say the same: I looked at my list of best earbuds to see if there was any color diversity and found that every top earbuds I’ve included are either black, a muted white, or white, from Sony’s WF-1000XM5 and JBL’s Tour Pro 2, to Bose’s QuietComfort Ultra and Apple’s AirPods Pro. These earbuds, on the other hand, are like the AirPods Pro’s funkier younger sister who went to art school, buys gifts for friends through the MOMA Store, and can explain the difference between white and orange wine to you. 

The case is lightweight and compact, so it won’t be obstructive or heavy in your pocket. The earbuds themselves are comfortable and easy to wear, with an extra tactile ear tip that keeps the buds attached to your ear canal as you move around. Nothing also equipped these buds with Bluetooth multipoint and in-ear detection when you wear these, two nice touches that inexpensive earbuds occasionally lack. 

Also: The best earbuds I’ve ever listened to are not by Bose or Sony

I ran for five hours and worked and commuted with these earbuds for a week straight and still have a battery life of 80%. Needless to say, these earbuds won’t die easily on you. 

Nothing Ear (a) held up to a mirror

Nina Raemont/ZDNET

One of my favorite design choices with the Ear (a) is that the controls are dictated by pinches instead of taps and swipes, similar to the AirPods Pro 2. Most earbuds that I’ve tested with the same form factor have touch controls on the top of the ear stem where the bud meets the stem. I always run with earbuds in, and when my ears get too sweaty, and my earbuds begin to slip out, I accidentally touch and activate the touch controls when I’m attempting to press the bud back into my ears.

Also: The best earbuds under $100

Nothing eliminated this problem for me, as the touch controls are at the bottom of the stem, far away from accidental touches. Despite needing a pinch to activate the controls, they are reliable and responsive. The pinch controls allow you to play and pause music, skip tracks, and toggle between ANC and transparency mode.

Speaking of ANC, this feature is where the Ear (a) buds begin to show their affordable price. I turned on the ANC while I worked in the office, and I could still hear my colleagues’ computer notification pings and conversations around me. For $109, I wasn’t expecting mind-blowing ANC, and that’s certainly not what I got. The earbuds will drown out some noise, but you’ll have to pay a higher price for premium ANC.

Review: Nothing Ear Stick: Earbuds, but make it fashion

When it comes to the actual audio quality, however, these earbuds produce a balanced, clear, and bright sound. While listening to Moses Sumney and Shabaka’s Insecurities, the harp and flute whistles in the upper midrange shimmered in my ears without being too harsh. Bass-heavy songs can get an extra boost by tweaking the Bass Enhance algorithm in the Nothing app. While listening to Kaytranada’s What You Need, I toggled between the five levels of bass enhancement to boost the lower frequencies. This feature created a noticeably different sound with deeper, richer bass. 

ZDNET’s buying advice 

The Nothing Ear (a) are best for people who want a relatively affordable pair of earbuds with thoughtful functions and a unique design.

If you want earbuds with more effective noise-canceling for a similar price, consider the JLab JBuds ANC 3 for their strong noise-canceling and snug fit. If you like Nothing’s unique and charming design choices but want better sound, more effective ANC, and more premium features, try the Nothing Ear.





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