Edward Ludlow

Stay informed with Edward Ludlow’s coverage and analysis for Coins2Day.

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Cathie Wood

Tesla bull Cathie Wood’s $54 million Ark Venture Fund invests in Elon Musk rival Sam Altman’s OpenAI

By Edward Ludlow, Isabelle Lee, and others

Rivian CEO Robert “RJ” Scaringe speaks at the launch of the Rivian R2 electric vehicle at the Rivian South Coast Theater in Laguna Beach, California, on March 7, 2024. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

Tesla rival Rivian unveils R2 and shares a few surprises—including a way it’ll save a much-needed $2.25 billion

By Edward Ludlow and Bloomberg

28 February 2022, Spain, Barcelona: Electric car maker Fisker is showing off its Ocean model at the Mobile World Congress mobile trade show shortly before the vehicle’s launch. Photo: Andrej Sokolow/dpa (Photo by Andrej Sokolow/picture alliance via Getty Images)

Tesla rival Fisker is in talks with Nissan on a partnership—and a financial lifeline

By Edward Ludlow and Bloomberg

SOUTH SAN FRANCISCO, CALIFORNIA – AUGUST 08: A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Electric vehicle maker Rivian reported better-than-expected second-quarter earnings with revenue of $1.12 billion compared to $661,000 in the first quarter. Production and deliveries increased by 50 percent. (Photo by Justin Sullivan/Getty Images)

Apple veteran instrumental to iPhone development leaves for electric-vehicle maker Rivian: ‘Now is the time for me to move on’

By Mark Gurman, Edward Ludlow, and others

Sam Altman, chief executive officer of OpenAI, in the Congress Center on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 18, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Stefan Wermuth/Bloomberg via Getty Images

OpenAI CEO Sam Altman is fundraising for a network of AI chips factories because he sees a shortage now and well into the future

By Edward Ludlow, Dina Bass, and others

ROME ,ITALY – DECEMBER 16,2023: X (formerly Twitter) CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy (Fratelli d’Italia) (Photo credit should read Marco Ravagli/Future Publishing via Getty Images)

Elon Musk’s AI startup that hopes to leapfrog OpenAI is halfway to its goal of landing $1 billion in funding

By Lizette Chapman, Edward Ludlow, and others

Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. The meeting includes over 5,200 delegates representing 40 countries aiming to reimagine the global economy so the benefits and opportunities of free enterprise are extended to everyone. Photographer: Dustin Chambers/Bloomberg via Getty Images

Sam Altman’s OpenAI to be second-most valuable U.S. startup behind Elon Musk’s SpaceX based on early-talks funding round

By Gillian Tan, Edward Ludlow, and others

NEW YORK, NEW YORK – NOVEMBER 29: C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Andrew Ross Sorkin returns for the NYT summit for a day of interviews with Vice President Kamala Harris, President of Taiwan Tsai Ing-Wen, C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk, former Speaker of the U.S. House of Representatives Rep. Kevin McCarthy (R-CA) and leaders in business, politics and culture. (Photo by Michael M. Santiago/Getty Images)

Tesla’s push into supercomputers, potentially worth $500 billion in added market value, just suffered a big blow after its chief departs

By Edward Ludlow, Mark Gurman, and others

SAN FRANCISCO, CALIFORNIA – NOVEMBER 06: OpenAI CEO Sam Altman speaks to members of the media during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Altman delivered the keynote address at the first ever Open AI DevDay conference. (Photo by Justin Sullivan/Getty Images)

Race to reinstate Sam Altman as OpenAI CEO reaches impasse over new role and makeup of the board that ousted him

By Emily Chang, Edward Ludlow, and others

SAN FRANCISCO, CALIFORNIA – NOVEMBER 16: OpenAI CEO Sam Altman looks on during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is being held in San Francisco and runs through November 17. (Photo by Justin Sullivan/Getty Images)

Sam Altman was fundraising in the Middle East for a new chip venture to rival Nvidia before OpenAI’s board ousted him

By Edward Ludlow, Ashlee Vance, and others

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. (Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)

Elon Musk tells X employees YouTube and LinkedIn will be closer rivals as company expands business lines

By Edward Ludlow and Bloomberg

WASHINGTON, DC – SEPTEMBER 13: OpenAI CEO Sam Altman gives a thumbs-up as he departs the closed-door “AI Insight Forum” outside the Kennedy Caucus Room in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Lawmakers are seeking input from business leaders in the artificial intelligence sector, and some of their most ardent opponents, for writing legislation governing the rapidly evolving technology. (Photo by Chip Somodevilla/Getty Images)

ChatGPT maker OpenAI is in talks to sell employee shares at $86bn valuation, putting the closely held company in the league of SpaceX and Tiktok’s ByteDance

By Gillian Tan, Edward Ludlow, and others

SAN FRANCISCO, CALIFORNIA – SEPTEMBER 20: Anthropic Co-Founder & CEO Dario Amodei speaks onstage during TechCrunch Disrupt 2023 at Moscone Center on September 20, 2023 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch)

Amazon to invest up to $4 billion in ChatGPT rival Anthropic as it plays catch-up in Generative AI

By Edward Ludlow, Matt Day, and others

Michael Lohscheller, president of Nikola Corp., during the unveiling of the Nikola Tre FCEV truck at the IAA Transportation show in Hanover, Germany, on Monday, Sept. 19, 2022. Global leaders Daimler Truck Holding AG and Volvo AB are joining dozens of commercial-vehicle makers in Germany this week to showcase their latest electric semis, with more zero-emissions vehicles debuting at the IAA Transportation show than ever before. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

Nikola appoints third CEO in past year as electric truck maker weathers scandal, fire, and threat of delisting

By Chester Dawson, Edward Ludlow, and others

LAS VEGAS, NEVADA – JANUARY 05: Steve Huffman, CEO of Reddit attends Variety & Reddit An Evening With Future Makers at Wynn Las Vegas on January 05, 2023 in Las Vegas, Nevada. (Photo by Greg Doherty/Variety via Getty Images)

Reddit joins the tech layoff trend by cutting 5% of its staff amid a stalled IPO and effort to stop losing money

By Edward Ludlow and Bloomberg

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