Bloomberg reports that the Apple electric Car project has been cancelled after a decade and many billions of dollars spent. Many of the Apple staff will shift to working on generative AI. There were about 2000 people working on the Apple electric car project. In 2018, there were around 5,000 employees working on the project. …
Terra Quantum is working with leading steel manufacturer POSCO Holdings (top Asian Steel company) to deploy quantum AI for optimizing steel production, specifically focusing on POSCO’s advanced blast furnaces. They will demonstrate the potential of Quantum Neural Networks to enhance efficiency, targeting tangible outcomes such as reduced emissions and energy consumption. Terra Quantum researchers were …
Autoline describes the problem of Peak Auto. New car sales have hit their peak in the U.S., Europe and Japan. Despite strong population growth in the U.S., new car sales are the same as they were a quarter of a century ago. Here’s why. US overall car sales have dropped from 2000 to today despite …
In 2016, SoftBank bought Arm for about $32 billion and sold 25% of the business to the Vision Fund for $8 billion in 2016. In August 2023, SoftBank acquired the 25% stake in Arm from the Vision Fund for around $16 billion, valuing Arm at over $64 billion. After the September 14, 2023, public offering, …
As of January 2024, Silicon Valley has over 40,000 startups. The San Francisco Bay Area, also known as Silicon Valley, has the largest concentration of high-tech companies in the United States. Delaware has about 60% of the incorporations for companies in the USA and the fees associated with this provide about 12% of their tax …
Tesla will moves its state of incorporation from Delaware to Texas. This will be approved by shareholders. Corporate license fees accounted for 12.1 percent of Delaware’s state and local general revenue in 2021. The license fees are $1,814 per capita. 60% of the Fortune 500 are incorporated in Delaware. Delaware’s combined state and local general …
Supply Chain expert, Jeff Lutz, expects Tesla to continue 8-10% annual cost reductions from $36300 for the Model Y at the end of Q4 2023. This could range from 6-12% or more if there are external global issues. If we project 9% annual cost reductions for each of the next three years then this would …
There is a discussion of humanoid robot on X. There is the observation that people are not aware of the level of robots being used in the world now. There are the industrial (large robot arms) in factories. There are the Amazon large pallet bots rolling shelves to human supply chain workers. There are few …
Figure AI, startup developing humanoid robots, is talking to Microsoft and OpenAI to raise $500 million in new funding at a valuation of over $2 billion. Figure AI just made a deal with BMW to put the humanoid robots into the car factory for pilot tests over the next 12-24 months. Figure AI has performed …
EEOC Commissioner informs Mark Cuban that his hiring practice tweets describe a violation of Title VII law. As a general rule, race/sex can’t even be a motivating factor—nor a plus factor, tie-breaker, or tipping point. It’s important employers understand the ground rules here. If the EEOC determines that employers are in violation of anti-discrimination laws, …
There are some US economists who believe that people should feel good about the US economy because of the following statistics. They are disconnected or are willfully ignoring what people are experiencing. In 2019 and 2020, 18% of those earning over $100,000 were living paycheck to paycheck. In October, 2023, according to CNBC, while three-quarters …