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On September 8th, sources familiar with the matter revealed that Anthropic has decided to abandon its acquisition of artificial intelligence startup Decart AI. Anthropic reportedly explored the deal and conducted due diligence on Decart, but ultimately withdrew. One source indicated that the two companies may still explore other collaboration opportunities. Media reports in August indicated that Anthropic had been in talks to acquire Decart for approximately $6 billion, but the deal was not finalized and could potentially fall through. Decarts software can reduce AI training and operating costs by improving chip efficiency. Anthropic rarely makes large-scale acquisitions, but has been investing computing power in developing new products and serving customers in preparation for its highly anticipated IPO. Sources indicated that the company has been seeking to raise funds comparable to or greater than SpaceXs in its IPO.Hong Kong stocks opened lower with the Hang Seng Tech Index down more than 1%, the Hang Seng Index down 0.68%, Lenovo Group (00992.HK) down more than 4.5%, Xiaomi Group (01810.HK) down nearly 3%, and Li Auto (02015.HK) and Leapmotor (09863.HK) both down more than 2%.Japanese Finance Minister Satsuki Katayama: We will continue to work hard to maintain the orderly operation of the foreign exchange market.Japanese Finance Minister Satsuki Katayama: It is important that mortgage lenders understand the risks of higher interest rates through communication with banks.Japanese Finance Minister Satsuki Katayama: Since the joint intervention by Japan and the United States, Japans foreign exchange policy stance has not changed.

Tesla attempts to repeal Louisiana's ban on direct car sales

Skylar Williams

Aug 30, 2022 10:58

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Tesla Inc. (NASDAQ:TSLA) has filed a lawsuit contesting the state of Louisiana's refusal to let the company sell vehicles directly to consumers, arguing that the state's move is protectionist and anticompetitive.


This case is the most current effort to overturn direct sales bans in some states against the electric vehicle maker, who circumvented traditional car dealerships. Customers in these states must travel to neighboring states in order to purchase Tesla vehicles.


Tesla asserted that Louisiana officials violated state and federal antitrust laws by barring direct sales since 2017 and attempted to restrict leasing and servicing of the company's vehicles in the state.


The case, which was filed on Friday in the U.S. District Court for the Eastern District of Louisiana, alleges that "protectionist, anti-competitive, and ineffective state regulation excessively restricts the freedom of Louisiana consumers."


Tesla alleged that Louisiana dealers, the dealer association, and several Motor Vehicle Commission members engaged in an "illegal conspiracy" to prohibit the firm from conducting business in the state.


Tesla sued Michigan in 2016 over the state's restriction on direct sales and reached a settlement with the state in 2020 allowing Tesla's subsidiary to service vehicles in Michigan.

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