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Lyft Partners with Baidu to Launch Robotaxis Across Europe in Major Expansion Drive

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Lyft has announced a landmark partnership with Chinese tech giant Baidu to launch autonomous robotaxi services across Europe, beginning in 2026.

The collaboration marks Baidu’s first foray into the European self-driving taxi market and represents a significant leap for Lyft as it ventures outside its North American home turf.

The joint rollout will begin in Germany and the United Kingdom, contingent on regulatory approval, with Baidu’s electric RT6 robotaxis operating on Lyft’s mobility platform. The two companies plan to expand the service to thousands of vehicles across Europe in the years ahead.

Lyft’s expansion is backed by its recent $200 million acquisition of FreeNow, a European mobility app formerly co-owned by BMW and Mercedes-Benz. FreeNow has established operations in over 180 cities across nine European countries and boasts strong regulatory relationships. Lyft executives say this foundation will play a critical role in navigating Europe’s complex transportation oversight.

“What we’re excited about with FreeNow is they have a deep, long-lasting relationship with regulators, and we want to go and have those conversations about how we do this,” said Lyft Executive Vice President of Driver Experience, Jeremy Bird.

Under the partnership, Lyft will manage customer services and fleet logistics, while Baidu will supply its autonomous RT6 vehicles and technical expertise. The RT6, Baidu’s latest-generation robotaxi, is equipped with a detachable steering wheel and advanced sensors, making it well-suited for complex urban driving scenarios.

The move comes as the UK government accelerates its push to bring robotaxis to public roads, aiming to allow services with paying passengers as early as spring 2026. Germany has also taken steps to create a legislative and regulatory framework for self-driving cars, making both countries strategic entry points for autonomous mobility firms.

Baidu’s Apollo Go platform currently operates over 1,000 autonomous vehicles across 15 cities in China, having completed more than 11 million rides. While it has been experimenting with robotaxi pilots in parts of Asia and North America, the Lyft partnership represents Baidu’s first commercial push into the European market.

The timing is critical for Lyft, which has faced growing pressure to expand its autonomous capabilities amid competition from rival Uber. Uber has formed partnerships with companies like Waymo, Pony.ai, WeRide, and Momenta to prepare for robotaxi deployment in Europe, with its own services expected to launch around the same time in 2026.

In June, Uber and Waymo officially launched autonomous ride-hailing services in Atlanta, just as Tesla began testing its own low-cost driverless cars in Austin.

In July, Uber announced a sweeping new partnership with electric vehicle maker Lucid and self-driving tech startup Nuro to develop and deploy more than 20,000 robotaxis across the United States over the next six years.

Under the agreement, Uber will invest $300 million in Lucid, which will manufacture the electric robotaxis.

However, the race to establish a foothold in Europe’s emerging robotaxi sector is intensifying. Analysts say the Lyft-Baidu collaboration could be a powerful combination of operational scale and technical innovation. Baidu brings one of the most sophisticated autonomous driving stacks in the world, while Lyft leverages FreeNow’s market penetration and regulatory goodwill.

However, success will depend heavily on securing regulatory approvals and public trust, both of which remain hurdles in Europe’s tightly regulated transportation sector.

If successful, the Lyft-Baidu rollout could reshape how people in major European cities commute, giving the two companies a head start in what is shaping up to be the next frontier of urban mobility.

EU Suspends Counter-Tariffs After Trump Deal, But Uncertainty Remains Over Broader Trade Relationship

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The European Union has agreed to suspend its retaliatory tariffs against the United States for six months, following a new agreement reached with U.S. President Donald Trump.

The move, confirmed by a European Commission spokesperson on Monday, is being seen as a temporary cooling of tensions in a trade war that has lingered for months, originating from the Trump administration’s aggressive tariff policies.

The two EU countermeasure packages being paused were designed to strike back against Trump’s tariffs on steel, aluminum, and a broader range of goods, including automobiles. While the Commission cited the deal as a sign of progress, the EU made clear that the suspension remains provisional, with key uncertainties still looming.

Among those uncertainties is the status of European spirits exports and automotive goods, which were left out of Trump’s executive order last week that imposed a sweeping 15% tariff on most EU imports. European officials say they expect more such orders from Washington in the coming days.

“The EU continues to work with the U.S. to finalize a Joint Statement, as agreed on 27 July,” the Commission said in a statement. “With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU’s countermeasures against the US, which were due to enter into force on 7 August.”

The current truce is the latest chapter in a tariff dispute that dates back to early 2018 when President Trump began invoking Section 232 of the 1962 Trade Expansion Act to justify tariffs on foreign steel and aluminum imports, claiming they threatened U.S. national security. The move triggered swift backlash from key American allies, particularly the European Union, which imposed retaliatory tariffs on iconic U.S. exports, such as Harley-Davidson motorcycles, bourbon whiskey, and denim jeans.

Trump, in his second term, has widened the scope of the tariffs, targeting European automobile exports — a critical sector for Germany and other EU economies, further straining relations. Brussels responded with a second wave of countermeasures, but these were set to take full effect on August 7 before the recent six-month suspension was announced.

The tit-for-tat dynamic strained economic ties and overshadowed broader cooperation between the EU and the U.S., including efforts to reform the World Trade Organization (WTO). European officials have consistently argued that Trump’s use of national security provisions to justify economic protectionism undermines multilateral rules.

A Calculated Pause — But No Final Resolution

While the suspension of tariffs is a diplomatic gesture aimed at creating room for negotiations, the EU’s concerns remain firmly in place. Trump’s executive order last week, which placed a flat 15% tariff on a wide swath of EU imports without exemptions for automobiles or parts, has renewed fears that the trade standoff is far from over. The order’s lack of carve-outs has left European manufacturers on edge, especially in the auto sector, which has lobbied hard for relief.

More broadly, Trump’s trade policy has redefined America’s posture toward allies and trading partners. Embracing economic nationalism, Trump has repeatedly framed tariffs as a tool to rebalance U.S. trade deficits and revive domestic industries. His administration also pulled out of the Transatlantic Trade and Investment Partnership (TTIP) talks, which were once envisioned as a cornerstone of U.S.-EU economic integration.

The EU, meanwhile, has tried to hold the line by defending the multilateral trading system and seeking to diversify its partnerships globally. However, with U.S. tariffs still in place — and more expected — European officials acknowledge that the path to a full resolution remains uncertain.

For now, industries on both sides of the Atlantic are struggling to cope with the uncertainties. Whether this six-month pause leads to a more stable trade framework or simply postpones another round of retaliation depends on how negotiations unfold — and on what additional executive orders President Trump may choose to issue in the weeks ahead.

Perplexity Accused of Stealth AI Crawling, Cloudflare Warns of “Undeclared Bots” Circumventing Website Blocks

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Perplexity AI, the rising artificial intelligence search startup often touted as a challenger to Google, is once again under fire for allegedly harvesting content from websites without consent — this time drawing sharp criticism from Cloudflare, one of the largest web infrastructure providers in the world.

According to a report published by Cloudflare, Perplexity’s web crawlers have allegedly continued to access and scrape content from websites that have explicitly opted out of such activity via tools like robots.txt files or firewall rules. The company claims Perplexity’s bots “intentionally obfuscate their identity” and engage in stealth tactics to bypass restrictions, including by masking themselves as popular web browsers like Google Chrome on macOS.

“When we blocked access to our test domains via common methods, Perplexity’s crawlers responded by changing their user-agent and IP address to continue scraping,” Cloudflare said in the report.

Cloudflare further alleges that the AI firm is exploiting rotating IP addresses and altering Autonomous System Numbers (ASNs) — unique identifiers assigned to networks — to circumvent blocks and avoid detection. This stealth activity, according to Cloudflare, spanned across tens of thousands of websites and millions of requests daily.

This is not the first time Perplexity has been accused of bypassing digital boundaries. In mid-2023, the startup was caught indexing content from subscription-based and paywalled media outlets without permission. At the time, Perplexity CEO Aravind Srinivas deflected the criticism, blaming the issue on third-party scrapers operating on the company’s behalf. But now, with Cloudflare’s claims, scrutiny over the company’s data-gathering practices has only intensified.

In response to the latest report, Perplexity spokesperson Jesse Dwyer dismissed Cloudflare’s findings as a “publicity stunt.”  He told The Verge that the blog post contained “a lot of misunderstandings.” Still, the report has prompted Cloudflare to delist Perplexity as a “verified bot” and roll out additional protections that block its scrapers by default.

Cloudflare CEO Matthew Prince, a vocal critic of unregulated AI content harvesting, recently warned of what he described as an “existential threat” to content creators and publishers from AI companies. In June, Cloudflare launched new controls allowing websites to demand payment from AI firms for data access, effectively tightening the screws on those trying to extract information without consent.

“AI crawlers have been scraping content without limits. Our goal is to put the power back in the hands of creators while still helping AI companies innovate.

“This is about safeguarding the future of a free and vibrant Internet with a new model that works for everyone,” the CEO stated.

The escalating clash between AI startups and infrastructure firms like Cloudflare comes at a time when legal questions surrounding data scraping, copyright, and consent remain unresolved. The core tension revolves around the very fuel of modern AI systems: data. With large language models hungry for ever-expanding datasets to improve performance, some companies have been accused of cutting corners in how they obtain that information.

Perplexity, founded by Srinivas and backed by Jeff Bezos and Nvidia, has positioned itself as a real-time, citation-focused search engine designed to counterbalance the dominance of Google and Bing. But its reliance on web-sourced content — including journalism — has made it a target for media companies, which have grown increasingly wary of their work being used to train AI tools without compensation.

With more publishers adding AI-blocking rules to their sites and companies like Cloudflare rolling out enforcement tools, Perplexity and its peers face growing pressure to justify how they obtain the data powering their products — and whether their methods can survive legal and reputational scrutiny.

Implications of Trump Media & Technology Group (TMTG)’s Utility Token and Digital Wallet

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Trump Media & Technology Group (TMTG) has disclosed plans to launch a Truth-branded utility token and digital wallet in a recent SEC filing, marking a significant step in its cryptocurrency strategy.

The token, part of a rewards program tied to the “Truth digital wallet,” will initially enable payments for Truth+ subscriptions, with potential expansion to other products and services within the Truth ecosystem. While not explicitly labeled a cryptocurrency, the filing suggests blockchain-based infrastructure.

The initiative, first hinted at in a shareholder letter, aligns with TMTG’s broader crypto push, including a $2 billion Bitcoin investment and filings for crypto ETFs under its Truth.Fi division. Despite reporting a $2.3 million positive operating cash flow, TMTG recorded a $20 million net loss for Q2, driven by legal fees and stock-based compensation.

CEO Devin Nunes frames these efforts as a safeguard against financial censorship. The token’s rollout, including the Patriot Package beta, may face regulatory scrutiny similar to past projects like Facebook’s Libra. The introduction of a utility token tied to a rewards program and digital wallet allows TMTG to create a decentralized monetization model for its Truth Social and Truth+ platforms.

By enabling users to pay for subscriptions and potentially other services with the token, TMTG incentivizes user engagement and loyalty within its ecosystem. This could shift revenue models away from traditional advertising, which relies heavily on third-party intermediaries, toward a more direct, user-driven economy.

This move aligns with the broader Web3 trend of integrating blockchain technology into digital platforms, creating ecosystems where users are rewarded for participation rather than being monetized through data exploitation (a hallmark of Big Tech platforms like Meta or Google). If successful, TMTG’s model could inspire other media platforms to adopt token-based systems.

This push for financial autonomy could redefine how media platforms operate in politically charged environments. By reducing reliance on traditional financial rails, TMTG could establish a censorship-resistant ecosystem, appealing to audiences who feel marginalized by mainstream platforms. This could set a precedent for other media companies to explore decentralized finance (DeFi) solutions.

The utility token is part of TMTG’s broader expansion into fintech through its Truth.Fi division, which includes plans for crypto-focused exchange-traded funds (ETFs) and other financial products. This integration of media and financial services creates a hybrid ecosystem where content consumption and financial transactions are intertwined, potentially streamlining user experiences and increasing platform stickiness.

While regulatory hurdles could slow TMTG’s plans, they also highlight the broader tension between centralized regulatory frameworks and decentralized technologies. A successful navigation of these challenges could embolden other media companies to push for clearer crypto regulations, fostering a more innovation-friendly environment. Conversely, political backlash could polarize the adoption of such technologies.

TMTG’s token announcement has already impacted related crypto assets, with the TRUMP meme coin dropping 3-11% following the news, indicating market sensitivity to TMTG’s crypto ventures. The company’s $5.5 billion market cap, despite low revenue, suggests that its valuation is driven more by brand and speculation than traditional financial metrics, which could amplify volatility as it rolls out new products.

The New Media Revolution

The use of utility tokens to reward user engagement and facilitate transactions could shift power dynamics in media, giving users a stake in the platform’s ecosystem. This aligns with the Web3 ethos of decentralization, where users are co-owners rather than products. If TMTG’s model proves successful, it could inspire a wave of tokenized media platforms, fundamentally altering how audiences interact with content creators and platforms.

By combining media, fintech, and blockchain, TMTG is positioning itself as a direct competitor to Big Tech platforms that rely on centralized control and ad-driven revenue. The Truth ecosystem’s focus on “patriotic” branding and decentralized finance could appeal to audiences disillusioned with mainstream tech, potentially carving out a niche that grows into a broader alternative media landscape.

While TMTG’s initiative has revolutionary potential, it’s not without risks. The company’s $20 million Q2 net loss, despite positive cash flow, underscores financial fragility, and its reliance on Trump’s brand could alienate non-aligned users. The crypto market’s volatility, coupled with regulatory uncertainty, poses significant hurdles, and past attempts at tokenized platforms (e.g., Libra) suggest that scaling such initiatives is challenging.

Moreover, the political dimension of TMTG’s strategy could limit its appeal to a niche audience, potentially capping its revolutionary impact unless it broadens its user base. TMTG’s utility token and digital wallet represent a bold step toward integrating blockchain technology into media, with the potential to redefine monetization, user engagement, and financial autonomy in the industry.

Despite The Ethereum Daily Outflow, The Weekly Net Inflow Streak Remains Intact, With $5.43B In Inflows

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Spot Ethereum ETFs in the U.S. saw their first day of net outflows in over a month on August 1, 2025, with $152.26 million in net outflows, ending a 20-day inflow streak. Grayscale’s Ethereum Mini Trust (ETH) led with $47.68 million in outflows, followed by Bitwise’s ETHW at $40.30 million and Fidelity’s FETH at $6.17 million.

BlackRock’s iShares Ethereum Trust (ETHA) recorded neutral flows, showing resilience with no net movement despite the market dip. This outflow was the third-largest single-day outflow since the ETFs launched in July 2024. Despite this, Ethereum ETFs have maintained a weekly net inflow streak, with cumulative net inflows reaching nearly $9.7 billion since their debut.

BlackRock’s ETHA has been a standout, contributing $4.19 billion (78% of total inflows), followed by Fidelity’s FETH ($591.7 million) and Grayscale’s Ethereum Mini Trust ($451 million). The week ending July 31 saw $5.43 billion in net inflows, bolstered by strong institutional interest and whale accumulation of over 808,000 ETH since early July.

The outflows reflect a cooling of institutional demand after a strong launch period, potentially signaling profit-taking or market caution amid a 7% ETH price correction to below $3,400. However, sustained trading volumes and corporate Ether accumulation at twice the rate of Bitcoin suggest ongoing confidence in Ethereum’s long-term potential, particularly in DeFi and staking.

The $152.26 million in net outflows, led by Grayscale’s Ethereum Mini Trust ($47.68 million), Bitwise’s ETHW ($40.30 million), and Fidelity’s FETH ($6.17 million), suggests a potential pause in the aggressive institutional buying seen since the ETFs launched in July 2024. This could reflect profit-taking after a 20-day inflow streak or caution due to broader market conditions.

BlackRock’s iShares Ethereum Trust (ETHA) maintaining neutral flows indicates selective resilience, suggesting some funds are still viewed as stable havens by investors. The outflows coincided with a 7% price correction in ETH, dropping below $3,400. This price dip likely triggered some investors to reduce exposure, especially those who entered at higher price levels post-ETF launch.

Despite the daily outflow, the weekly net inflow streak remains intact, with $5.43 billion in inflows for the week ending July 31. This resilience underscores sustained institutional interest, particularly in top-performing funds like BlackRock’s ETHA ($4.19 billion in inflows). The outflows may be a temporary blip rather than a trend reversal.

Cumulative inflows of nearly $9.7 billion since launch, coupled with corporate Ether accumulation (808,000 ETH since early July), highlight strong long-term confidence in Ethereum. The ETF market’s high trading volumes and institutional adoption in DeFi and staking suggest that outflows are not indicative of a fundamental shift away from Ethereum.

Outflows could amplify short-term price volatility, especially if more investors follow suit. However, the robust weekly inflows and whale activity suggest a buffer against significant downside pressure, with Ethereum’s utility in DeFi and staking continuing to attract capital. The 20-day inflow streak drove significant price appreciation, with ETH benefiting from ETF hype and institutional adoption.

Investors, particularly those in Grayscale’s Ethereum Mini Trust and Bitwise’s ETHW, may have locked in profits after the rally, leading to the $152.26 million outflow. The 7% ETH price drop likely prompted risk-averse investors to reduce exposure. Broader crypto market dynamics, including potential sell-offs in Bitcoin or other assets, may have spilled over, impacting ETF flows.

Grayscale’s Ethereum Mini Trust, with its higher fee structure compared to competitors like BlackRock’s ETHA, may have prompted outflows as investors shifted to lower-cost or better-performing funds. Bitwise and Fidelity’s outflows could reflect similar reallocations or sensitivity to the price dip. The outflows may reflect technical trading strategies, such as rebalancing by institutional investors or algorithmic trading triggered by the price correction.

The first day of net outflows in over a month signals a short-term cooling of institutional enthusiasm, driven by profit-taking, a 7% ETH price correction, and potential fund-specific or macroeconomic factors. However, the continued weekly inflow streak, robust cumulative inflows of $9.7 billion, and strong corporate Ether accumulation indicate that Ethereum’s long-term outlook remains positive.