The FinTech Hub
Source: The Verge Lyft announced a new partnership with Anthropic to use the Claude AI assistant to handle customer service requests. Claude is already being put to use handling service inquiries from drivers, reducing the average resolution time for a request by 87 percent, the company said. In an example provided by Lyft, a driver…
Source: The Verge Volkswagen has announced that next month, it will show off a new low-cost, entry-level EV that could cost just €20,000 (about $20,800 USD), the price it suggested it would hit back when it announced the ID. Life concept in 2021. That’s a steal compared to current low-end US EVs like the over-$28,000…
Source: The Verge Ford’s electric vehicle and software business lost $5.1 billion in 2024, up from $4.7 billion lost in 2024. And the automaker doesn’t anticipate any relief this year, when it predicts it will lose as much as $5.5 billion on its EV business. Ford reported its fourth quarter and full-year earnings on Wednesday,…
Source: The Verge A coterie of Florida car dealers filed a lawsuit this week against Scout Motors over its direct-to-consumer sales model. The complaint alleges that Scout, which operates under the Volkswagen Group, is in violation of Florida law which blocks automakers from trying to bypass dealers by selling directly to consumers. The suit, which…
Source: The Verge Currently, Waymo isn’t open to the public in Austin. The company’s driverless vehicles are only available to a small group of people who joined Waymo’s waitlist to become early testers of the service. Waymo has not said when the service will open up to the broader public, but reading between the lines…
Source: The Verge Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months after General Motors said it would no longer fund Cruise, and would instead shift its spending toward advanced driver assist and personally owned autonomous vehicles. Cruise held an all-hands meeting today, in…
Source: The Verge Elon Musk has an uncanny ability to sort out which of America’s rules are real. It turns out punishment from the National Labor Relations Board isn’t real, punishment from NASA isn’t real, and punishment from the FAA isn’t real. The Delaware Chancery Court is extremely real. Based on the past two weeks,…
Source: The Verge The updated system will still begin with letters like A for “low-floor” vehicles or Q for “high-floor” ones. That will be followed by numbers 1 through 8 that help represent the size or classification of the vehicle. However, Audi says it will no longer use odd or even numbers to represent what…
Source: The Verge Uber introduced a new feature designed to make it easier for people with disabilities to ride with service animals. For years, Uber’s policies toward service animals have been in accordance with state and federal law: they are allowed to ride at all times at no extra cost. But now the company is…
Source: The Verge Your next car purchase is probably going to be more expensive, thanks to President Donald Trump. Around 5.3 million vehicles are built in Canada and Mexico, 70 percent of which are destined for the United States. Those vehicles will soon be subject to 25 percent tariffs, which were just announced by the…
