Emilia David

Joby’s agreement with Dubai’s Road and Transport Authority gives the startup exclusivity to run its electric air tax services for six years. Part of the deal with Dubai includes a contract with Skyports to design, build, and operate four “vertiports” for vertical takeoffs and landings.

The outlay is part of the CHIPS and Science Act signed in 2022. The CHIPS Manufacturing USA Institute will see investments of “at least $200 million” in experiments to lower the cost of US-based chip production and development.

Reuters reports on Nvidia’s new unit that will design custom AI chips, even as its customers plan for a future less reliant on Nvidia’s dominant H100 AI chips. Those can start at $16k each, and power the majority of large language models in use today, which has pushed its market value well beyond $1 trillion.

Mitchelle Baker, CEO of Mozilla since 2020, will transition back to executive chairwoman role. Baker had been executive chairwoman for several decades. Board member Laura Chambers is taking over as interim CEO.

ETS, which runs the Test of English as a Foreign Language (and other tests like the GRE) that most international students have to take to study in the US, added AI-powered personalized study recommendations to its TOEFL TestReady platform.

The Financial Times reports Google, OpenAI, Microsoft, and Meta are pressing the UK’s AI Safety Institute for clarity on how long AI model testing will take and what happens if risks are found. The institute has begun testing existing models and has access to unreleased ones like Gemini Ultra from Google.