Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI
Decision made in order for factory in Texas to be used for Cybercab, the carmaker’s self-driving taxi Elon Musk has announced that Tesla will wind down production of its Cybertruck, marking the end of a failed effort to take a chunk of the lucrative market for pickups in the US. The billionaire chief executive said production of the car would stop in about the middle of next year at the company’s…
SALT London hosted an investor conference on Wednesday, with discussions focused on AI, jobs, and Elon Musk's predictions. Anthony Scaramucci's SkyBridge Capital organized the event at The Chancery Rosewood hotel in Mayfair. Jack Selby, a managing director at Thiel Capital, warned that the AI boom could be a bubble that bursts before the new year due to the high costs of microchips, data centers, and other infrastructure.
Selby also questioned why Anthropic, the maker of AI chatbot Claude, is raising money from public markets when it earns more from interest on its cash reserves than from its business. Nick Finegold, Curation Capital's founder, predicted that AI and robotics could create the biggest job creation program in history, while cybersecurity was identified as a growing concern due to the security challenges posed by AI.
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