CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Nvidia Develops New Location-Verification Technology for AI Chips 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Kyle Vogt, known for starting and leading the autonomous vehicle company Cruise, has left his position. This happened recently, as mentioned in an email to the company's employees. TechCrunch saw this email and reported on it.
GM's top leader, Mary Barra, in another email, said that Mo Elshenawy from Cruise will now be the president and chief technology officer. Craig Glidden, from Cruise's board and GM's legal and policy team, keeps his job as chief administrative officer. Jon McNeill, who has worked with Lyft and Tesla, is now the vice chairman of Cruise's board. He will work with Mary Barra, who is the chair of the board. A Cruise spokesperson confirmed these changes.
No CEO Yet Named
As of the latest updates, Cruise hasn't chosen a new CEO yet. This big change in the company's leaders comes shortly after a serious incident involving a Cruise self-driving car.
Challenges at Cruise
Morale at Cruise has been low since the October accident. Employees are unhappy about management and safety issues. The company stopped its driverless car services in other states and laid off some workers. This includes people who cleaned and maintained the cars and worked in customer support. More layoffs might happen at Cruise, which has about 4,000 full-time employees.
Recently, Cruise stopped a program that let employees sell their shares. This decision upset many workers. Over the weekend, Vogt announced a limited opportunity for employees to sell some shares. He apologized for the company's current situation.
Vogt's Journey with Cruise
Kyle Vogt and Dan Kan founded Cruise in 2013. They first worked on kits to make cars self-driving, then shifted their focus. General Motors bought Cruise in March 2016 for more than $1 billion. Before Cruise, Vogt co-founded Justin.tv, Twitch, and Socialcam. Twitch was sold to Amazon in 2014 for $970 million, and Socialcam to Autodesk for $60 million in 2012.
