General Motors has scrapped its Cruise robotaxi program after nearly a decade and $10 billion in development, citing the time and costs needed to scale the business and rising competition. GM on Tuesday said it plans to realign its autonomous driving strategy and give priority to development of advanced driver assistance systems, which take over steering and other functions in certain situations and are common on new vehicles today. The automaker said it would continue to develop fully autonomous technology for personal vehicles, and build on the progress of its Super Cruise system, a hands-off, eyes-on driving feature that the company introduced several years ago...

The Detroit Three car manufacturer said it would “no longer fund Cruise’s robotaxi development work.”...

Shares of Google parent Alphabet surged to their highest level since July on Tuesday after the company unveiled a chip it said can complete computations in minutes that would take some of today's fastest supercomputers 10 septillion years...

Alphabet has found itself in the headlines following the announcement of Willow, its new quantum computing chip that boasts state-of-the-art performance across key metrics and enables major achievements in the field...

Stocks are mixed ahead of a consumer inflation report seen as key to the path of interest rates...