×
Rivian CEO RJ Scaringe’s voting control slips following divorce settlement  | TechCrunch

Rivian CEO RJ Scaringe’s voting control slips following divorce settlement  | TechCrunch

Rivian founder and CEO RJ Scaringe has transferred a portion of his ownership stake and voting power as part of a newly settled divorce proceeding, according to a regulatory filing. 

Scaringe moved about 4 million in shares and 6 million in options to his ex-wife, Meagan Scaringe, on July 9 as part of the settlement, the filing shows. At Rivian’s current stock price, those shares and options could be worth roughly $130 million, though they have varying strike prices that would affect the total return if sold. The change in stock ownership comes at the end of a two-year-long divorce proceeding, court documents show.

Scaringe owned more than 15 million shares of Class A stock and nearly 8 million Class B shares when the company submitted its annual proxy report April 29. As a result of the transfer, Scaringe’s voting power has slipped from 7.6% earlier this year to around 4%, the lowest since Rivian’s 2021 IPO.

The shift in stock ownership doesn’t have an impact on Rivian’s business or operations, according to the company.

In an official statement emailed to TechCrunch, a spokesperson said “RJ and Meagan finalized their divorce. They will continue to prioritize co-parenting their children.”

The settlement comes at a pivotal time for Rivian. Rivian has redesigned its R1S SUV and R1T truck in a bid to lower manufacturing costs, while improving performance of its flagship vehicles. However, the company is banking on the next addition to its lineup — the highly anticipated R2 SUV that has a $45,000 base price — to grow sales. That vehicle won’t go on sale until the first half of 2026. 

The ownership structure of Rivian has shifted since its IPO in 2021. At that time, Amazon and Ford were among the largest stakeholders. Today, Ford is essentially out and Volkswagen Group has emerged as a major player.

In late 2024, Rivian entered into a joint venture valued at $5.8 billion with Volkswagen focused on software and electrical architecture. Rivian has provided technology and employees to the joint venture, while Volkswagen has largely contributed money in the form of share purchases and convertible debt.

As a result, the German automotive giant now owns 12.3% of Rivian, according to a recent filing. That puts it slightly behind Amazon, which owned 14.2% of Rivian as of the April 2025 proxy filing. That’s enough to give Amazon the most voting power of any single shareholder: 13.3%. (Ford and T. Rowe Price also used to be major shareholders after the IPO, but have since sold down their stakes.) 

Scaringe’s ownership stake in Rivian was 2% prior to the divorce settlement, according to the proxy filing. But he had a 7.6% share of the voting power, thanks in part to the Class B stock, which comes with 10 votes per share. (Rivian’s Class A stock only comes with 1 vote per share.) The transfer of shares and options in the settlement cuts his voting power to around 4%. 

Unlike many high-profile tech founders, Scaringe never had a tremendous amount of voting power post-IPO. The most he wielded was 9.2% in 2022. That figure remained unchanged in 2023, fell to 8.7% in 2024, and again to 7.6% in 2025 following the Volkswagen investment.

The Class B stock included in the settlement was automatically converted into Class A stock, meaning Scaringe’s ex-wife will not likely have much voting power relative to other shareholders if she maintains the holding. A lawyer representing her did not respond to a request for comment sent over the weekend. 

The CEO and founder still controls a mix of around 50 million shares, options, and Restricted Stock Units, or RSUs. As those fully vest, his ownership stake and voting power could go back up. 

Scaringe founded Rivian in 2009, and he was married in 2014. He took Rivian public in 2021. 

Records obtained from Orange County Superior Court show that he filed for divorce in October 2023, with his ex-wife agreeing to separate in another filing one month later.

Source link
#Rivian #CEO #Scaringes #voting #control #slips #divorce #settlement #TechCrunch


Not so long ago, the name Midjourney was synonymous with AI imagery. (Remember that brief period when everyone you knew was using an AI-generated selfie on social media?) Now the company is attempting to rebrand itself as a wellness brand.

In a blog post published Wednesday, titled “A New Era for Midjourney,” the company described its plans for a new project, which it said is “a little weird and a little crazy, but also spectacular and filled with hope.” For starters, it’s working on a body scanner technology, which it says will be faster, cheaper, and less invasive than an MRI. The experience they have in mind sounds like a blend between Han Solo being lowered into the pit at Jabba’s Palace before getting blasted with carbonite and an ayahuasca trip report. Here’s how Midjourney describes it in their blog post:

It starts by stepping into a shallow pool of golden light. You then begin to descend into the water. Your body passes through a ring of underwater sensors, each acting like a dolphin, using its echolocation. The sensors send ultrasonic sound waves through your body from every angle. With enough waves, and enough angles, we form an image of what’s happening inside your body.

All of this should take no more than a minute, the blog post added.

Midjourney envisions a ring of half a million sensors within the scanner, each about the size of a grain of sand, blasting ultrasonic waves at your body and using the reverberations to create a detailed 3-D map of what’s happening inside. “Envisions” is the key word, there: The announcement didn’t make clear what stage of R&D the scanner is currently in, but it did admit that the company still needs to figure out a “major computational task,” namely, how to transform all those noisy waves into static images.

The process will reportedly harvest “terabytes of data each second,” based on the idea that the more information you collect about your body, the clearer and more complete a picture you can build of your individual health profile.

“You want as much data as you can get about your health as quickly and as cheaply as possible,” the company wrote. “In other words, you want a technology optimized for getting as many megabytes per second per dollar of information about your body.”

Midjourney is going to great lengths to contrast its body scanner with MRIs, which—as anyone who’s had to go into one will already know—aren’t particularly comfortable. In fact, the company is going so far as to make its scanning technology the centerpiece of a new spa, which it plans to open in downtown San Francisco before the end of next year.

It’s here that the “a little weird” part starts to feel like a pretty monumental understatement. The Midjourney Spa, as it’s being called, will have the typical accouterments of a high-end spa, like hot tubs and cold plunges, along with “cozy rooms with pools of golden light which softly scan your body.” Midjourney says the spa will be open 24/7 and will be so comfortable, so inviting, as to make guests almost completely forget about the fact that their insides are being scanned by millions of tiny, ultrasonic sensors.

“The scans are a side-effect,” the company wrote. “You barely think of them when going to the spa. But suddenly, you have a huge library of data about your health.”

The announcement added that Midjourney aims to open additional spas in more cities beginning in 2028, and that the company’s next step will be to submit early test results from its body-scanning device to the FDA in the hopes of getting regulatory clearance to build devices with “increased capabilities.”

#Remember #Midjourney #Building #Medical #Scanning #Device #Cheaper #MRIAI,AI images,Health,Midjourney,San Francisco">Remember Midjourney? It’s Building a Medical Scanning Device That It Says Is Cheaper Than an MRI
                Not so long ago, the name Midjourney was synonymous with AI imagery. (Remember that brief period when everyone you knew was using an AI-generated selfie on social media?) Now the company is attempting to rebrand itself as a wellness brand. In a blog post published Wednesday, titled “A New Era for Midjourney,” the company described its plans for a new project, which it said is “a little weird and a little crazy, but also spectacular and filled with hope.” For starters, it’s working on a body scanner technology, which it says will be faster, cheaper, and less invasive than an MRI. The experience they have in mind sounds like a blend between Han Solo being lowered into the pit at Jabba’s Palace before getting blasted with carbonite and an ayahuasca trip report. Here’s how Midjourney describes it in their blog post: It starts by stepping into a shallow pool of golden light. You then begin to descend into the water. Your body passes through a ring of underwater sensors, each acting like a dolphin, using its echolocation. The sensors send ultrasonic sound waves through your body from every angle. With enough waves, and enough angles, we form an image of what’s happening inside your body. All of this should take no more than a minute, the blog post added. Midjourney envisions a ring of half a million sensors within the scanner, each about the size of a grain of sand, blasting ultrasonic waves at your body and using the reverberations to create a detailed 3-D map of what’s happening inside. “Envisions” is the key word, there: The announcement didn’t make clear what stage of R&D the scanner is currently in, but it did admit that the company still needs to figure out a “major computational task,” namely, how to transform all those noisy waves into static images. The process will reportedly harvest “terabytes of data each second,” based on the idea that the more information you collect about your body, the clearer and more complete a picture you can build of your individual health profile.

 “You want as much data as you can get about your health as quickly and as cheaply as possible,” the company wrote. “In other words, you want a technology optimized for getting as many megabytes per second per dollar of information about your body.”

 Midjourney is going to great lengths to contrast its body scanner with MRIs, which—as anyone who’s had to go into one will already know—aren’t particularly comfortable. In fact, the company is going so far as to make its scanning technology the centerpiece of a new spa, which it plans to open in downtown San Francisco before the end of next year. It’s here that the “a little weird” part starts to feel like a pretty monumental understatement. The Midjourney Spa, as it’s being called, will have the typical accouterments of a high-end spa, like hot tubs and cold plunges, along with “cozy rooms with pools of golden light which softly scan your body.” Midjourney says the spa will be open 24/7 and will be so comfortable, so inviting, as to make guests almost completely forget about the fact that their insides are being scanned by millions of tiny, ultrasonic sensors.

 “The scans are a side-effect,” the company wrote. “You barely think of them when going to the spa. But suddenly, you have a huge library of data about your health.” The announcement added that Midjourney aims to open additional spas in more cities beginning in 2028, and that the company’s next step will be to submit early test results from its body-scanning device to the FDA in the hopes of getting regulatory clearance to build devices with “increased capabilities.”      #Remember #Midjourney #Building #Medical #Scanning #Device #Cheaper #MRIAI,AI images,Health,Midjourney,San Francisco

blog post published Wednesday, titled “A New Era for Midjourney,” the company described its plans for a new project, which it said is “a little weird and a little crazy, but also spectacular and filled with hope.” For starters, it’s working on a body scanner technology, which it says will be faster, cheaper, and less invasive than an MRI. The experience they have in mind sounds like a blend between Han Solo being lowered into the pit at Jabba’s Palace before getting blasted with carbonite and an ayahuasca trip report. Here’s how Midjourney describes it in their blog post:

It starts by stepping into a shallow pool of golden light. You then begin to descend into the water. Your body passes through a ring of underwater sensors, each acting like a dolphin, using its echolocation. The sensors send ultrasonic sound waves through your body from every angle. With enough waves, and enough angles, we form an image of what’s happening inside your body.

All of this should take no more than a minute, the blog post added.

Midjourney envisions a ring of half a million sensors within the scanner, each about the size of a grain of sand, blasting ultrasonic waves at your body and using the reverberations to create a detailed 3-D map of what’s happening inside. “Envisions” is the key word, there: The announcement didn’t make clear what stage of R&D the scanner is currently in, but it did admit that the company still needs to figure out a “major computational task,” namely, how to transform all those noisy waves into static images.

The process will reportedly harvest “terabytes of data each second,” based on the idea that the more information you collect about your body, the clearer and more complete a picture you can build of your individual health profile.

“You want as much data as you can get about your health as quickly and as cheaply as possible,” the company wrote. “In other words, you want a technology optimized for getting as many megabytes per second per dollar of information about your body.”

Midjourney is going to great lengths to contrast its body scanner with MRIs, which—as anyone who’s had to go into one will already know—aren’t particularly comfortable. In fact, the company is going so far as to make its scanning technology the centerpiece of a new spa, which it plans to open in downtown San Francisco before the end of next year.

It’s here that the “a little weird” part starts to feel like a pretty monumental understatement. The Midjourney Spa, as it’s being called, will have the typical accouterments of a high-end spa, like hot tubs and cold plunges, along with “cozy rooms with pools of golden light which softly scan your body.” Midjourney says the spa will be open 24/7 and will be so comfortable, so inviting, as to make guests almost completely forget about the fact that their insides are being scanned by millions of tiny, ultrasonic sensors.

“The scans are a side-effect,” the company wrote. “You barely think of them when going to the spa. But suddenly, you have a huge library of data about your health.”

The announcement added that Midjourney aims to open additional spas in more cities beginning in 2028, and that the company’s next step will be to submit early test results from its body-scanning device to the FDA in the hopes of getting regulatory clearance to build devices with “increased capabilities.”

#Remember #Midjourney #Building #Medical #Scanning #Device #Cheaper #MRIAI,AI images,Health,Midjourney,San Francisco">Remember Midjourney? It’s Building a Medical Scanning Device That It Says Is Cheaper Than an MRIRemember Midjourney? It’s Building a Medical Scanning Device That It Says Is Cheaper Than an MRI
                Not so long ago, the name Midjourney was synonymous with AI imagery. (Remember that brief period when everyone you knew was using an AI-generated selfie on social media?) Now the company is attempting to rebrand itself as a wellness brand. In a blog post published Wednesday, titled “A New Era for Midjourney,” the company described its plans for a new project, which it said is “a little weird and a little crazy, but also spectacular and filled with hope.” For starters, it’s working on a body scanner technology, which it says will be faster, cheaper, and less invasive than an MRI. The experience they have in mind sounds like a blend between Han Solo being lowered into the pit at Jabba’s Palace before getting blasted with carbonite and an ayahuasca trip report. Here’s how Midjourney describes it in their blog post: It starts by stepping into a shallow pool of golden light. You then begin to descend into the water. Your body passes through a ring of underwater sensors, each acting like a dolphin, using its echolocation. The sensors send ultrasonic sound waves through your body from every angle. With enough waves, and enough angles, we form an image of what’s happening inside your body. All of this should take no more than a minute, the blog post added. Midjourney envisions a ring of half a million sensors within the scanner, each about the size of a grain of sand, blasting ultrasonic waves at your body and using the reverberations to create a detailed 3-D map of what’s happening inside. “Envisions” is the key word, there: The announcement didn’t make clear what stage of R&D the scanner is currently in, but it did admit that the company still needs to figure out a “major computational task,” namely, how to transform all those noisy waves into static images. The process will reportedly harvest “terabytes of data each second,” based on the idea that the more information you collect about your body, the clearer and more complete a picture you can build of your individual health profile.

 “You want as much data as you can get about your health as quickly and as cheaply as possible,” the company wrote. “In other words, you want a technology optimized for getting as many megabytes per second per dollar of information about your body.”

 Midjourney is going to great lengths to contrast its body scanner with MRIs, which—as anyone who’s had to go into one will already know—aren’t particularly comfortable. In fact, the company is going so far as to make its scanning technology the centerpiece of a new spa, which it plans to open in downtown San Francisco before the end of next year. It’s here that the “a little weird” part starts to feel like a pretty monumental understatement. The Midjourney Spa, as it’s being called, will have the typical accouterments of a high-end spa, like hot tubs and cold plunges, along with “cozy rooms with pools of golden light which softly scan your body.” Midjourney says the spa will be open 24/7 and will be so comfortable, so inviting, as to make guests almost completely forget about the fact that their insides are being scanned by millions of tiny, ultrasonic sensors.

 “The scans are a side-effect,” the company wrote. “You barely think of them when going to the spa. But suddenly, you have a huge library of data about your health.” The announcement added that Midjourney aims to open additional spas in more cities beginning in 2028, and that the company’s next step will be to submit early test results from its body-scanning device to the FDA in the hopes of getting regulatory clearance to build devices with “increased capabilities.”      #Remember #Midjourney #Building #Medical #Scanning #Device #Cheaper #MRIAI,AI images,Health,Midjourney,San Francisco

Not so long ago, the name Midjourney was synonymous with AI imagery. (Remember that brief period when everyone you knew was using an AI-generated selfie on social media?) Now the company is attempting to rebrand itself as a wellness brand.

In a blog post published Wednesday, titled “A New Era for Midjourney,” the company described its plans for a new project, which it said is “a little weird and a little crazy, but also spectacular and filled with hope.” For starters, it’s working on a body scanner technology, which it says will be faster, cheaper, and less invasive than an MRI. The experience they have in mind sounds like a blend between Han Solo being lowered into the pit at Jabba’s Palace before getting blasted with carbonite and an ayahuasca trip report. Here’s how Midjourney describes it in their blog post:

It starts by stepping into a shallow pool of golden light. You then begin to descend into the water. Your body passes through a ring of underwater sensors, each acting like a dolphin, using its echolocation. The sensors send ultrasonic sound waves through your body from every angle. With enough waves, and enough angles, we form an image of what’s happening inside your body.

All of this should take no more than a minute, the blog post added.

Midjourney envisions a ring of half a million sensors within the scanner, each about the size of a grain of sand, blasting ultrasonic waves at your body and using the reverberations to create a detailed 3-D map of what’s happening inside. “Envisions” is the key word, there: The announcement didn’t make clear what stage of R&D the scanner is currently in, but it did admit that the company still needs to figure out a “major computational task,” namely, how to transform all those noisy waves into static images.

The process will reportedly harvest “terabytes of data each second,” based on the idea that the more information you collect about your body, the clearer and more complete a picture you can build of your individual health profile.

“You want as much data as you can get about your health as quickly and as cheaply as possible,” the company wrote. “In other words, you want a technology optimized for getting as many megabytes per second per dollar of information about your body.”

Midjourney is going to great lengths to contrast its body scanner with MRIs, which—as anyone who’s had to go into one will already know—aren’t particularly comfortable. In fact, the company is going so far as to make its scanning technology the centerpiece of a new spa, which it plans to open in downtown San Francisco before the end of next year.

It’s here that the “a little weird” part starts to feel like a pretty monumental understatement. The Midjourney Spa, as it’s being called, will have the typical accouterments of a high-end spa, like hot tubs and cold plunges, along with “cozy rooms with pools of golden light which softly scan your body.” Midjourney says the spa will be open 24/7 and will be so comfortable, so inviting, as to make guests almost completely forget about the fact that their insides are being scanned by millions of tiny, ultrasonic sensors.

“The scans are a side-effect,” the company wrote. “You barely think of them when going to the spa. But suddenly, you have a huge library of data about your health.”

The announcement added that Midjourney aims to open additional spas in more cities beginning in 2028, and that the company’s next step will be to submit early test results from its body-scanning device to the FDA in the hopes of getting regulatory clearance to build devices with “increased capabilities.”

#Remember #Midjourney #Building #Medical #Scanning #Device #Cheaper #MRIAI,AI images,Health,Midjourney,San Francisco

Samsung The Frame Pro 2026: The Best Art Television You Can BuyOn the Netflix show Legends, AI processing was used to enhance a dimly lit office scene to bring up the contrast. I had a similar experience watching scenes from Awake on Netflix, which takes place mostly at night. I could still see the main characters even in darker areas of the scene. YouTube videos of WIRED interviews looked clear and colorful as well. In comparison, low-cost televisions seem more like a computer display with stark bright colors playing the same clips.Samsung also leveraged AI to improve sound quality. In time for the World Cup, Samsung’s new AI audio feature helps enhance the volume of the broadcaster voices while lowering distracting crowd noises when watching soccer matches. For movies, the AI Sound Controller Pro sliders can help boost voices and reduce the volume of background music, but the experience is still buggy. While I could adjust the sliders, they’d always revert back to the default settings. Still, with Dolby Atmos support, I found myself immersed in the experience as audio emanated from around the room when watching Unbroken.There were also several glitches I’ve noticed in testing. AirPlay worked fine, but when trying to use Google Cast to stream Alien: Romulus on HBO Max from my Android phone, an error occurred. Cloud gaming on GeForce NOW also presented with a bug that prevented me from authenticating with the service. Samsung reps are looking into these issues.Despite the bugs, I’m convinced that The Frame Pro is a capable gaming display. Gamers looking to connect a console or gaming PC can use the Mini HDMI port on the rear of the television or the Wireless One Connect box. Both support refresh rates up to 240 Hz. I’m not a competitive gamer, so I stuck with the breakout box to connect my PC. I was amazed at Crimson Desert’s stutter-free performance. Everything looked rich and vibrant—there were also no delays using an Xbox controller.I also tested the Aphelion using the Xbox Cloud Gaming app for console-free gaming. Other than slight stuttering due to lag, it all worked fine. Senua’s Saga: Hellblade II, a game that typically looks washed out on some competing TVs and projectors, appears vibrant on the screen.The Frame Pro 2026 is an exceptional art television, and it’s among the best I’ve tested. Improvements to the Tizen OS, matte finish with anti-glare coating, and AI enhancements make it even more appealing. My only slight pause is the price. The Amazon Ember Artline also looks stunning and costs about 0 less. But The Frame Pro is the one you want for absolute realism and vivid colors.#Samsung #Frame #Pro #Art #Television #Buysamsung,review,televisions,tv,shopping

Post Comment