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Elon Musk jumps for joy (Jonathan Newton/Getty Images)
Yay?

You* can now** ride in Tesla’s robotaxi ***

Read the fine print before you get too excited.

Rani Molla

* If you are a select Tesla employee.
** If you’re in the Bay Area or Austin.
*** If someone is sitting in the driver’s seat.

Yesterday, Tesla announced on X that it’s testing a supervised version of its upcoming ride-hailing service among employees in the Bay Area and Austin, ahead of what’s supposed to be a rollout of unsupervised driverless robotaxis to the public in two months in Austin. The company said it has completed more than 1,500 trips and 15,000 miles of driving.

The electric vehicle company is using Supervised Full Self-Driving technology on these rides, which the company says on its website requires drivers to keep their hands on the wheel. It doesn’t appear that the person in the driver seat in this video is holding the wheel (or at least not at the 10 and 2 position), but of course that’s closer to the company’s promised goal for the service.

While the caveats are large, this is a big step toward the company’s push for autonomous ride-hailing and at least suggests it has a working robotaxi app.

Tesla CEO Elon Musk was mostly light on details about the June (or maybe July) launch during the company’s earnings call earlier this week, but said the program would start with 10 to 20 Model Ys and not Cybercabs, which are supposed to go into production next year. The rides would have remote support, but “it’s not going to be required for safe operation.” When pressed for more details, Musk said, “It’s only a couple of months away, so you can just see it for yourself in a couple of months in Austin.”

Rival Google-owned Waymo, of course, has been operating a driverless ride-hailing service in Austin along with partner Uber since early March.

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Meta projected 10% of 2024 revenue came from scams and banned goods, Reuters reports

Meta has been making billions of dollars per year from scam ads and sales of banned goods, according internal Meta documents seen by Reuters.

The new report quantifies the scale of fraud taking place on Meta’s platforms, and how much the company profited from them.

Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion.

Discussions within Meta acknowledged the steep fines likely to be levied against the company for not stopping the fraudulent behavior on its platforms, and the company prioritized enforcement in regions where the penalties would be steepest, the reporting found. The cost of lost revenue from clamping down on the scams was weighed against the cost of fines from regulators.

The documents reportedly show that Meta did aim to significantly reduce the fraudulent behavior, but cuts to its moderation team left the vast majority of user-reported violations to be ignored or rejected.

Meta spokesperson Andy Stone told Reuters the documents were a “selective view” of internal enforcement:

“We aggressively fight fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.”

Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion.

Discussions within Meta acknowledged the steep fines likely to be levied against the company for not stopping the fraudulent behavior on its platforms, and the company prioritized enforcement in regions where the penalties would be steepest, the reporting found. The cost of lost revenue from clamping down on the scams was weighed against the cost of fines from regulators.

The documents reportedly show that Meta did aim to significantly reduce the fraudulent behavior, but cuts to its moderation team left the vast majority of user-reported violations to be ignored or rejected.

Meta spokesperson Andy Stone told Reuters the documents were a “selective view” of internal enforcement:

“We aggressively fight fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.”

$350B

Google wants to invest even more money into Anthropic, with the search giant in talks for a new funding round that could value the AI startup at $350 billion, Business Insider reports. That’s about double its valuation from two months ago, but still shy of competitor OpenAI’s $500 billion valuation.

Citing sources familiar with the matter, Business Insider said the new deal “could also take the form of a strategic investment where Google provides additional cloud computing services to Anthropic, a convertible note, or a priced funding round early next year.”

In October, Google, which has a 14% stake in Anthropic, announced that it had inked a deal worth “tens of billions” for Anthropic to access Google’s AI compute to train and serve its Claude model.

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