Tesla settles Autopilot suit, inflation spooks tech investors and Biden’s CHIPS Act pledges $6.6B for domestic chipmaking
The Labor Department this week confirmed what a lot of Americans have been feeling: Inflation is kind of sticking around, and higher interest rates are likely to as well. We’ll look at what that means for venture capital, which was already slow to flow. Plus, the Joe Biden administration announced a $6.6 billion deal with Taiwan-based semiconductor maker TSMC to build a third production hub in Arizona. We take a look at the ongoing rollout of the CHIPS and Science Act, which makes it all possible. But first, Tesla has settled a lawsuit in the death of a software engineer who was killed driving a Tesla while using the company’s semiautonomous driving software, Autopilot. The suit put scrutiny on Elon Musk’s claims about the software.
Marketplace’s Lily Jamali is joined by Jewel Burks Solomon, managing director at Collab Capital, for her take on these stories.
More on everything we talked about
“Tesla is settling with the family of the Apple engineer who died in an Autopilot crash” from The Verge
“Tesla Stock Is Down More Than 30% This Year. Time To Buy?” from The Motley Fool
“Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts” from the Associated Press
“Biden administration announces $6.6 billion to ensure leading-edge microchips are built in the US” from the Associated Press
“$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout” from “Marketplace Morning Report”
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