Tesla's CEO, Elon Musk, has shared intentions to stop making the Model S and X electric cars and instead use the factory in Fremont, California to build Optimus humanoid robots. He shared the announcement on Wednesday during a conference call with investors, as reported by The Guardian. Elon Musk stated that it's time to conclude the Model S and X programs, indicating that production will stop in...

The Financial Times reports that Saudi Arabia's Crown Prince Mohammed bin Salman's flagship project, Neom, which aimed to create a "city of the future," is expected to be significantly reduced in scale and repurposed. This review of the large-scale initiative, which has faced delays and exceeded its budget, is anticipated to be finalized by the end of the first quarter of 2025 or later. Sources...

Blue Origin, the U.S. aerospace firm owned by billionaire Jeff Bezos, revealed intentions to create an orbital satellite internet network named TeraWave, as stated in the company press release. “Blue Origin has revealed the launch of TeraWave, a satellite communications network intended to... provide 6 terabits per second of data globally. This network will support tens of thousands of companies,...

Amazon.com Inc.'s subsidiary, Amazon Web Services (AWS), has introduced a new cloud service in Europe. The service operates on its own separate infrastructure, which is distinct from the company's servers in the United States. According to Amazon, all parts of the service's infrastructure are located entirely within the European Union.  The first data centers for this European cloud...

On Sunday, the American Falcon 9 rocket launched a group of 40 research satellites, including small satellites and cubesats, from various companies and organizations into orbit as part of the Twilight mission. Among these was NASA's Pandora telescope, which is built to study the atmospheres of exoplanets. The Pandora satellite weighs 325 kilograms and has a 45-centimeter objective lens. It is...

Italy's antitrust authority (AGCM) has mandated Meta to permit rival AI-driven chatbots on WhatsApp. According to a statement from the AGCM, this decision comes after a continuing investigation into Meta's incorporation of its own AI features into WhatsApp. The regulator thinks the company's move to eliminate third-party chatbots may negatively impact competition, as reported by The Wall Street...

Chinese company ByteDance, which owns the widely used video platform TikTok, is set to invest 160 billion yuan, about $23 billion, in artificial intelligence technologies next year, according to a report by the Financial Times, which cited sources. This year, the company's investment in AI amounted to 150 billion yuan. The same sources mentioned that ByteDance also plans to allocate 85 billion...

Chinese GPU manufacturer Moore Threads Technology launched its Huashan AI chip during its inaugural developer conference in Beijing, according to Caixin Global. The chip is intended for training and executing AI models, and in critical performance metrics such as floating-point performance and memory bandwidth, it is positioned between two processors from the American firm Nvidia Corp.—the newest...

Bloomberg reports that Meta may unveil a "closed" AI model in the spring of 2026. Its codename is Avocado, and the firm intends to sell access to this model, as per sources familiar with the situation. The report indicates that this action will align Meta more with the strategies of rivals Google and OpenAI, marking the company's biggest shift from the open-source approach it has advocated for a...