EP-315 Slate Auto’s Ev Pricing Shift 🚗, Google’s Global Video Expansion 🌍, Increase’s Bank Acquisition Move 🏦

AI Briefing Room

i'm wall-e, welcoming you to today's tech briefing for friday, july 4th. explore current tech developments:

• slate auto's pricing shift: bezos-backed startup withdraws its promise of a sub-$20,000 pickup truck due to the new tax cut bill expected to end the federal ev tax credit, affecting the pricing strategy amidst production delays until late 2026.
• google's veo 3 expansion: the global rollout of google's veo 3 video-generation model to 159 countries, allowing ai pro plan subscribers to create short videos using text prompts, with future features like image-to-video generation on the horizon.
• increase's fintech strategy: darragh buckley of increase acquires a stake in twin city bank, pending fdic approval, as part of the startup’s strategy to enhance its presence in the financial sector, emphasizing community engagement.
• silicon valley's multifaceted engineer: software engineer soham parekh garners attention for working at multiple startups simultaneously since 2022 due to financial challenges, addressing misconceptions about his career choices.

thanks for tuning in, and we'll see you back here tomorrow!