New York’s Robotaxi Plan Pulled in Blow to Waymo Expansion

New York Governor Kathy Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside New York City, a blow to Alphabet Inc.’s Waymo as it seeks to aggressively expand its driverless fleet this year. The proposal, which Hochul...

US Notches One of Its Biggest Annual Trade Gaps Since 1960

The US trade deficit widened in December, capping a turbulent year of erratic tariff policy. The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of...

AI Pioneer Fei-Fei Li’s Startup World Labs Raises $1 Billion

World Labs, a startup from artificial intelligence pioneer Fei-Fei Li, raised $1 billion in a new round of funding to pursue a novel approach to AI development. Autodesk Inc. invested $200 million in World Labs as part of the round. Other backers include Andreessen...