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Elon Musk vowed this week to upend another industry just as he did with cars and rockets -- and once again he's taking on long odds. The world's richest man said he wants to put as many as a million satellites into orbit to form vast, solar-powered data centres in space -- a move to allow expanded use of artificial intelligence and chatbots without triggering blackouts and sending utility bills soaring. To finance that effort, Musk combined SpaceX with his AI business on Monday and plans a big initial public offering of the combined company. "Space-based AI is obviously the only way to scale," Musk wrote on SpaceX's website Monday, adding about his solar ambitions, "It's always sunny in space!" But scientists and industry experts say even Musk, who outsmarted Detroit to turn Tesla into the world's most valuable automaker, faces formidable technical, financial and environmental obstacles. Feeling the heat Capturing the sun's energy from space to run chatbots and other AI tools wou
From tech titans to Wall Street power brokers and foreign dignitaries, a who's who of powerful men make appearances in the huge trove of documents released by the Justice Department in connection with its investigations of Jeffrey Epstein. All have denied having anything to do with his sexual abuse of girls and young women. Yet some of them maintained friendships with Epstein, or developed them anew, even after news stories made him widely known as an alleged abuser of young girls. None has been charged with a crime connected to the investigation. Epstein killed himself in a Manhattan jail cell in 2019. Here's a primer on some of the notable names in the Epstein files: Andrew Mountbatten-Windsor ------------------------------------ The man formerly known as Britain's Prince Andrew has long been dogged by questions about his relationship with Epstein, including allegations from the late Virginia Roberts Giuffre that she was trafficked by Epstein and instructed to have sex with ...
Tesla's annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world's biggest electric vehicle maker to a Chinese rival and boycotts hammered sales. The EV company run by Elon Musk reported Wednesday that net income last year dropped 46 per cent to USD3.8 billion. It was the second year in a row of steep declines. The drop came despite the introduction of cheaper models and Musk's promise to remain laser-focused on the company after a foray into US politics. Still, Tesla investors have kept the faith in Musk. The stock is up 9 per cent in the past year. Musk has been urging investors to focus less on car sales and more on what he considers a bright new artificial intelligence future of robotaxis ferrying millions in cars without drivers, or even steering wheels, and robots watering plants and taking care of elderly parents. On a conference call, Musk underlined that shift by announcing Tesla had decided to close down production of t