Why Cruise Self-Driving Pause May Be Setback for Whole Industry
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 30 October 2023
⏱️ 12 minutes
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| 0:00.0 | Welcome to Tech News Briefing, it's Monday, October 30th. |
| 0:07.4 | I'm Zoe Thomas for the Wall Street Journal. |
| 0:10.8 | Self-driving car company Cruz is hitting the brakes. |
| 0:14.6 | The General Motors Unit is suspending all of its driverless operations in the US after |
| 0:19.9 | California regulators said its vehicles were unsafe in public. |
| 0:24.8 | Our reporter, Ryan Felton, is going to tell us what it means for the future of driverless |
| 0:29.1 | cars. |
| 0:30.1 | Plus, should businesses get insurance plans for their artificial intelligence? |
| 0:35.9 | Some insurance companies see an opportunity in the risks created by Generative AI. |
| 0:43.7 | But we're starting with the criminal trial of Sam Bankman Fried. |
| 0:47.5 | The FTX founder took the stand in his own defense last week, where he countered claims made |
| 0:52.8 | by his inner circle during their testimony. |
| 0:55.8 | Our reporter, Caitlin Austroff, was in the courtroom. |
| 0:58.5 | He said that he did not steal customer funds, and he started to kind of lay the groundwork |
| 1:05.3 | of doubt with some of the testimony that his inner circle has previously given in this |
| 1:11.1 | trial. |
| 1:12.1 | And so he said that there were aspects of their testimony that did not happen, that he |
| 1:16.9 | didn't direct the use of customer funds for other activities. |
| 1:21.2 | And so, largely, that was expected, but this is, again, the direct questioning from |
| 1:26.0 | Bankman Fried's own lawyers, and we'll see what happens when cross-examination starts. |
| 1:31.0 | That cross-examination is expected to begin this week, after Bankman Fried's lawyers finished |
| 1:35.6 | their questioning. |
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