Technology
Canoo hit with two supplier lawsuits as last remaining co-founder leaves
EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer.
Canoo has also parted ways with senior director of advanced vehicle engineering Christoph Kuttner, who was the last remaining co-founder from the team of nine that created the startup in late 2017, TechCrunch has learned.
Kuttner was one of nine co-founders who split off from Faraday Future at the end of 2017 to start up Evelozcity, the original incarnation of Canoo. Those co-founders have steadily slipped away from the company before, during, and after its transition from a private startup to a publicly traded company in late 2020 when it merged with a special purpose acquisition company.
Kuttner and Canoo did not immediately respond to requests for comment.
The supplier lawsuits, both of which were filed in September with Oakland County Circuit Court in Michigan, come at a time when Canoo is moving away from its original California headquarters and focusing increasingly on its operations in Texas and Oklahoma, and while courting potential customers in the U.K. and Middle East. It’s doing all of this on a tight budget. The company reported just a little more than $19 million in total cash, of which $4.5 million was unrestricted, as of June 30, 2024.
The two firms suing Canoo are Jing-Jin Electric North America and Dana Limited. Canoo had tapped Jing-Jin, or JJE, to design and build electric motors for the EV startup’s vehicles. JJE claims Canoo failed to pay for the motors and owed more than $1.4 million as of August 2023. The supplier alleges Canoo didn’t dispute the money owed and then “strung JJE along for months — repeatedly promising to pay JJE, blaming its delay on issues and factors wholly unrelated to JJE.”
In November 2023, according to the complaint, JJE and Canoo entered into a repayment plan to set things right. JJE says Canoo made its first three payments, totaling $851,013, and an additional payment of $120,649.23. But JJE says the payments stopped soon after, despite Canoo owing another $446,692.77. JJE suspended all work for Canoo in June 2024 and says the EV startup stopped responding.
Dana Limited, meanwhile, says it entered an agreement with Canoo in February 2022 to co-design and develop a drive assembly for Canoo’s vehicles. Dana Limited says that as part of the agreement, Canoo was required to compensate the supplier for any costs incurred if the EV startup’s vehicle production was delayed by more than three months.
“Canoo’s production and work under the Agreement was significantly delayed,” Dana Limited writes in the complaint. The supplier now alleges Canoo failed to make two $4.3 million cost recovery payments despite sending “several notices” to the EV startup through late 2023 and into 2024.
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Amazon Prime Video has its share of good and bad originals. The streaming service also offers access to plenty of legacy network shows with a base Amazon Prime subscription (or standalone Amazon Prime Video subscription). Shows removed from the service aren’t necessarily lackluster. Amazon recently canceled well-reviewed shows The Horrors of Dolores Roach and With Love, presumably because of low viewership numbers, though no specific reason was given. Amazon also axed My Lady Jane, a quirky alternate-history story that critics and audiences loved.
If you’re looking for the best shows on Amazon Prime Video right now, whether they’re ones with multiple seasons or shows that were cut short after just one or two, we have you covered. While there’s so much coming out right now for the fall, these shows are worth adding to your watch list if you haven’t seen them.
Looking for something else? We’ve also rounded up the best new shows to stream, the best shows on Netflix, the best movies on Hulu, the best movies on Amazon Prime Video, and the best movies on Disney+.
Meta is offering a $40 accessory for the Meta Quest 3 headset. The “open facial interface” for the Meta Quest 3 opens up the peripheral vision of the wearer.
Meta Quest 3 “open facial interface” is now available for just $40
The Meta Connect 2024 conference was a feature-packed event. Meta’s CEO not only announced the Orion Augmented Reality (AR) holographic display but also the aggressively priced Quest 3S.
One of the products that made its way to the launchpad was the “open facial interface” for the Quest 3 Virtual Reality (VR) headset. According to Android Central, this $40 accessory is trying to fill the gap left by the Meta Quest Pro, which is set to be discontinued.
Meta has announced it has begun selling the new accessory. It is up for pre-order on Meta’s e-store. The earliest estimated shipping date for early adopters is mid-October.
The new accessory is lighter and adds another way to wear the VR headset
The social media giant assures the open facial interface offers an open-periphery experience similar to that of the Meta Quest Pro. Interestingly, when the Quest Pro is no longer officially available, the Quest 3 (with the open facial interface) will be the only official way to use a Meta VR headset with open sides.
The open facial interface is only compatible with the Quest 3, not the new Quest 3S. The Quest 3S has a “breathable facial interface”. But it is certainly no match for the open facial interface. Some reports suggest this accessory could create an illusion of a wider field of view.
Finally it’s available for pre-order.
The Pro feeling is coming to Meta Quest 3!”Meta Quest 3 open facial interface”
Now just wait for pre order shipment… #VR #Meta #Quest #Open #Facial #Interface #Pro pic.twitter.com/jlHhXt61b8
— R347ITY (@R347ITY) September 25, 2024
The open facial interface would surely help with the lens fogging issue. By creating a gap between the user’s head and the headset, this accessory also opens access to the wearer’s surroundings.
With this accessory, Meta is now offering a new way to use the Quest 3 VR headset. The default interface that comes in the box is meant for everyday use. The silicone facial interface, sold separately for $40, is intended to be worn during workout sessions and games involving a lot of movement.
Meta claims the open facial interface is “best for spatial experiences”. Interestingly, weighing just 60 grams, this accessory is lighter than the other two. This means using this accessory could subtly lighten the load of the VR headset.
OpenAI is reportedly telling investors that it plans on charging $22 a month to use ChatGPT by the end of the year. The company also plans to aggressively increase the monthly price over the next five years up to $44.
The documents obtained by shows that OpenAI took in $300 million in revenue this August, and expects to make $3.7 billion in sales by the end of the year. Various expenses such as salaries, rent and operational costs will cause the company to lose $5 billion this year.
OpenAI is reportedly circulating the documents the NYT reported on as part of a drive to find new investors to prevent or lessen its financial shortfall. Fortunately, OpenAI is raising money on a $150 billion valuation, and a new round of investments could bring in as much as $7 billion.
OpenAI is also reportedly in the midst of switching from . The business model allows for the removal of any caps on investor returns so they’ll have more room to negotiate for new investors at possibly higher rates.
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