Trump’s $500 Billion AI Venture Announcement
January 22, 2025: President Donald Trump has announced a $500 billion AI infrastructure initiative, named “Stargate,”
- January 23, 2025 6:33 am
- California
October 5, 2022: -Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its most elevated quarterly total to date.
The company also confirmed that it would produce 25,000 vehicles in 2022.
On Tuesday morning, shares of Rivian were up about 7% in off-hours trading. The stock had closed more than 3% lower during Monday’s regular trading session.
Rivian stated that it produced 7,363 vehicles at its Illinois factory in the third quarter and that 6,584 cars were delivered to its customers.
Rivian currently makes the R1T pickup, the R1S SUV, and delivery vans for Amazon at its factory in Normal, Illinois. The company didn’t break out production or deliveries by model.
Rivian had initially been expected to build 50,000 vehicles in 2022. But it halved that guidance in March, saying that global supply-chain issues had “added a layer of complexity” to its plan to increase production.
The company confirmed Monday that it still expects to meet that goal of 25,000 this year.
Year to date, through the third quarter Rivian has produced 14,317 vehicles
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
January 22, 2025: President Donald Trump has announced a $500 billion AI infrastructure initiative, named “Stargate,”
January 20, 2025: The United States has intensified its trade restrictions on Chinese technology companies, specifically targeting entities specializing in AI.
January 16, 2025: Canada is bracing for a potential trade conflict with the United States as President-elect Donald Trump threatens to impose a 25% tariff
January 15, 2025: SpaceX has successfully launched two lunar missions aboard a single Falcon 9 rocket
January 14, 2025: Governments worldwide are expanding green energy tax incentives, driving a surge in corporate investments in Green energy
The healthcare and pharmaceutical sectors are navigating a transformative period, with technological advancements reshaping patient care, operational efficiencies, and strategic growth.