Bloomberg News

Lucid denies bankruptcy rumors, citing liquidity to carry operations into next year while undergoing restructuring, layoffs, and a push on a smaller SUV and robotaxi plans with Uber/Nuro.

GM laid off about 600 IT staff (roughly 10% of its IT department) to hire for AI-focused roles, signaling a deliberate shift to AI-native development and data/automation capabilities.

Apple and Intel reportedly reached a preliminary deal for Intel to manufacture some Apple chips, with unclear product scope but notable stock moves.