Tesla is sending its Optimus humanoid robot back to school. Speaking on the company’s earnings call on Wednesday, CEO Elon Musk compared training the EV maker’s humanoid robot to raising a toddler. Musk said that while Tesla’s autonomous driving models can learn from data collected by its massive fleet of vehicles, its Optimus robot has
Investors are cheering the prospect of a SpaceX-Tesla megamerger. Shares in the rocket company soared around 9% at market open in New York on Wednesday after Elon Musk said that SpaceX and Tesla have begun to discuss the mechanics of a potential combination. Speaking on SpaceX’s earnings call on Tuesday night, Musk said that his
South Korea’s AI trade roared back Wednesday, as stocks staged a dramatic rebound from Tuesday’s rout and a disastrous AI IPO reversed course. The benchmark Kospi index surged as much as 5%, triggering a temporary curb on program buying as investors piled back into heavyweight chipmakers. Samsung Electronics and SK Hynix jumped as much as
South Korea’s stock market is bearing the brunt of a global AI selloff as investors question whether massive spending on the technology will pay off and worry that persistently high interest rates will make the boom more expensive to sustain. On Thursday, the benchmark Kospi index plunged 8%, while Samsung Electronics and memory-chip rival SK
US lawmakers may have only about a year to put meaningful guardrails around artificial intelligence before AI advances to the point where it could become “out of control,” warned the “Godfather of AI.” Speaking after a briefing with members of Congress on Wednesday, Geoffrey Hinton said the window for regulating advanced AI has narrowed dramatically
Markets and analysts are abuzz over the first Fed interest-rate hike since the second Trump administration. On Wednesday, the Federal Reserve raised rates by a quarter point, its first hike in three years, as officials sought to curb inflation. Kevin Warsh, the Federal Reserve Chair, said that the move would not immediately bring down individual
