|
Waymo has resumed its robo-taxi service in San Francisco after a power outage stranded vehicles around the city, CNBC reported. The blackout, caused by a Pacific Gas & Electric (PG&E) substation fire, caused traffic light disruptions that affected Waymo's automated driving systems.
"Yesterday's power outage was a widespread event that caused gridlock across San Francisco, with non-functioning traffic signals and transit disruptions," a Waymo spokesperson told CNBC in a statement. "While the failure of the utility infrastructure was significant, we are committed to ensuring our technology adjusts to traffic flow during such events."
Following the outage, which began at around 1:09 PM Saturday and peaked around two hours later, Waymo responded by suspending its ride-hai
|
|
Paramount Skydance isn't giving up on obtaining Warner Bros. Discovery just yet. The company has amended its $108 billion offer to include Larry Ellison's "irrevocable personal guarantee" equaling $40.4 billion. Ellison is the founder or Oracle and a backer of Skydance, created by his son David Ellison, Paramount Skydance's CEO.
On December 17, WBD formally recommended shareholders reject Paramount's offer. WBD had already accepted an $82.7 billion offer from Netflix, set to close some time next year following regulatory approval. "[The board] has unanimously determined that the tender offer launched by Paramount Skydance on December 8, 2025 is not in the best interests of WBD and its shareholders and does not meet the criteria of a 'Superior Proposal' under the terms of WBD's merger agreement with Netflix announced on December 5, 2025," WBD stated.
The Paramount deal included backing by sovereign wealth funds in places like Saudi Arabia and Qatar. But the Ellisons previously said that, if the other funders dropped out, they would "backstop the full amount of the bid." That wasn't enough of a guarantee for WBD.
Now, Paramount has returned with the irrevocable personal guarantee and an agreement tha
|
|
