Facebook has quietly set up shop in China, despite its sites being blocked there | City A.M. July 24, 2018 Facebook has opened a subsidiary with $30m (£22.2m) in registered capital in China, using its Hong Kong business as the sole shareholder. An official business registration was filed for the company in Hangzhou last week, Reuters first reported. Its operations will include network information technology development and related services, investment consultancy and marketing planning. Facebook’s [...]
Elon Musk’s fall should bring our stratospheric expectations down to earth July 20, 2018 Stop what you’re doing, everyone. Elon Musk – serial entrepreneur, space crusader, and cult figure to climate progressives – has given us the one thing we never expected to see from him: an apology. The Tesla founder had little choice. While the world was celebrating the miraculous rescue of the 12 boys and their football [...]
Tesla boss Elon Musk apologises after cave diver ‘pedo’ comments | City A.M. July 18, 2018 Tesla chief executive Elon Musk has apologised today to the British diver involved in the Thai cave rescue who Musk labelled as a “pedo” on Twitter. Musk had described British diver Vern Unsworth as a “pedo guy” on Twitter after Unsworth had dismissed Musk’s offer of a mini-submarine for the cave rescue as a “PR [...]
A vision of the future: The marriage of AI and Blockchain July 17, 2018 Where is Artificial Intelligence Headed? Artificial Intelligence (AI) can radically improve people’s lives if we nurture its potential. AI enables machines to mimic human traits such as learning and thinking, and is able to do this at a pace and efficacy of which humans will never be capable. We can harness this power to help [...]
Tesla shares sink nearly three per cent after Musk calls British caver ‘pedo guy’ on Twitter | City A.M. July 17, 2018 Tesla shares closed nearly three per cent down yesterday after boss Elon Musk sent a derogatory tweet about one of the British cave divers involved with the rescue of a football team in Thailand. Shares fell up to 3.5 per after Musk wrote a tweet, which has since been deleted, calling British caver Vernon Unsworth [...]
Tesla boss Elon Musk could face legal action after Thai cave rescuer ‘pedo’ comments July 16, 2018 Tesla chief executive Elon Musk could face legal action after suggesting on Twitter that one of the divers in the Thai cave rescue was a paedophile. Musk, who had provided a mini-submarine to help with the rescue, attacked British diver Vern Unsworth after he described Musk’s contribution as a “PR stunt”. Musk hit back on Twitter, claiming [...]
Legal case against former Apple employee reveals trade secrets on its self-driving car technology July 11, 2018 Criminal charges filed against an ex-Apple employee for stealing trade secrets on the company's self-driving car technology have revealed some interesting new details on what Apple is up to. Xiaolang Zhang was charged by a US federal court over evidence submitted by Apple that Zhang accepted a position at Chinese rival Xmotors, and downloaded the [...]
Tesla is building a plant in China that can make 500,000 vehicles a year July 10, 2018 Tesla has reached a preliminary deal with the Chinese government to build its next gigafactory in Shanghai, with a plant that can make 500,000 cars a year. The Shanghai government confirmed the deal in a statement this morning, after reports surfaced earlier today surrounding Tesla chief executive Elon Musk’s visit to the city. Bloomberg added [...]
Tesla hikes its car prices in China in the face of the US-Sino trade war’s rising tariffs July 9, 2018 Electric car manufacturer Tesla has hiked the price tags of its cars in China, becoming one of the first carmakers from the US to react over rising trade tensions between the two countries. The company raised the prices of its Model X and S cars in China by up to $37,600 (£28,226), according to local [...]
Elon Musk offers to help rescue operation for Thai boys and football coach July 7, 2018 Billionaire Tesla boss Elon Musk said today that there has been some "good feedback" from cave experts following his offer to send engineers to Thailand in a bid to help rescue 12 boys and their football coach from a flooded cave. Musk tweeted this morning: "Some good feedback from cave experts in Thailand. Iterating with [...]