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March 29 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Rather than pause research, she said, AI researchers should be subjected to greater transparency requirements. "If you do AI research, you should be very transparent about how you do it."

March 28 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Co-signatories included Stability AI CEO Emad Mostaque, researchers at Alphabet-owned (GOOGL.O) DeepMind, as well as AI heavyweights Yoshua Bengio and Stuart Russell. Musk, whose carmaker Tesla (TSLA.O) is using AI for an autopilot system, has been vocal about his concerns about AI.

March 28 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training systems more powerful than OpenAI's newly launched model GPT-4, they said in an open letter, citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter also detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Musk, whose carmaker Tesla (TSLA.O) is using AI for an autopilot system, has been vocal about his concerns about AI. Sam Altman, chief executive at OpenAI, hasn't signed the letter, a spokesperson at Future of Life told Reuters.

[1/4] China's newly-elected Premier Li Qiang takes an oath after being elected during the fourth plenary session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China on March 11, 2023. Previously the Communist Party chief in Shanghai, Li was confirmed as premier during the National People's Congress, charged with managing the world's second largest economy. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.

Previously the Communist Party chief in Shanghai, Li is poised to be confirmed as premier on Saturday during the ongoing National People's Congress, charged with managing the world's second largest economy. Trey McArver, co-founder of consultancy Trivium China, said Li is likely to be much more powerful than his predecessor. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.

☆ Tesla's new Mexico plant could create up to 6,000 jobs - foreign ministry official
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, March 1 (Reuters) - Electric carmaker Tesla could create 5,000 to 6,000 jobs at a new plant planned for the northern Mexican state of Nuevo Leon, said Martha Delgado, a Mexican deputy foreign minister. Speaking in an interview on Mexican television late on Tuesday, she also said the company is considering building an electric battery plant in central Mexico. Reporting by Daina Beth Solomon; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Lucid Motors is helping oil-rich Saudi Arabia go electric in its ambitious plan to become a carmaking powerhouse
▼ + stars: | 2023-02-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Tesla rival Lucid Motors is helping Saudi Arabia to go electric in its carmaking push, per the FT. The oil-rich kingdom plans to invest billions into becoming a hub for EV manufacturers such as Lucid. The move is part of Saudi Arabia's plan to become less reliant on oil income, its main revenue source. US-based Lucid has signed up to build 150,000 cars a year in Saudi Arabia by 2025, the Financial Times reported at the weekend. Its state-owned oil company Saudi Aramco posted a 39% jump in profit in November, thanks to that price surge.

☆ Super Bowl ad slams Tesla’s ‘Full Self-Driving’ tech
▼ + stars: | 2023-02-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —Electric carmaker Tesla will face a hit on Super Bowl Sunday, when an ad will play showing the alleged dangers of its Full Self-Driving technology. The ad is part of a multimillion dollar advertising campaign by The Dawn Project. The ad cost $598,000, a Dawn Project spokesperson told CNN. “Tesla’s Full Self-Driving is endangering the public,” the ad said. “Tesla’s reckless deployment of Full Self-Driving software on public roads is a major threat to public safety.

☆ Mexico president says two locations primed for new Tesla plant
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 8 (Reuters) - Mexican President Andres Manuel Lopez Obrador said Wednesday that electric carmaker Tesla's (TSLA.O) new plant could be installed in either the states of Nuevo Leon or Hidalgo. Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference. Mexican presidential spokesman Jesus Ramirez said last month Tesla is considering setting up an assembly plant near the new Mexico City airport, which would serve as an export hub for the firm. Tesla's Chief Executive Elon Musk had previously been eyeing a potential investment in the northern state of Nuevo Leon bordering Texas, according to media reports and officials who spoke to Reuters last year. Reporting by Valentine Hilaire; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

MEXICO CITY, Jan 31 (Reuters) - Electric carmaker Tesla Inc (TSLA.O) is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. "Tesla will invest there ... in an assembly plant, to export directly by air," Ramirez told the newspaper. Separately, a Mexican official told Reuters that Tesla had been shown the site, but had given no indication of its plans. Ramirez told El Heraldo de Mexico that Tesla was aiming to invest in the T-MexPark, a major industrial park being built close to the Felipe Angeles airport. Reporting by Diego Ore; Editing by David Gregorio Additional reporting by Raul Cortes Fernandez and Dave Graham in Mexico City, and Hyunjoo Jin in San FranciscoOur Standards: The Thomson Reuters Trust Principles.

☆ STMicroelectronics posts fourth-quarter sales rise
▼ + stars: | 2023-01-26 | by ( Martin Coulter | ) www.reuters.com time to read: +1 min

LONDON, Jan 26 (Reuters) - European chipmaker STMicroelectronics on Thursday beat fourth-quarter sales expectations, despite challenging economic conditions, benefiting from strong customer demand. Net revenue rose to $4.42 billon from $4.32 billion the previous quarter. Analysts had on average expected sales of $4.32 billion, IBES data from Refinitiv Eikon showed. Citing strong demand and increased manufacturing capacity, Chery said the company expects full-year revenue of $16.8 billion to $17.8 billion. The company has previously targeted full-year revenue of $20 billion by 2027.

Musk's comments add to a long-running debate over whether such advisers have too much sway over corporate decision-making. Academic reviews have found mixed evidence about the proxy advisers’ impact. U.S. Republican state officials have also weighed in, writing to the two advisory firms asking if their recommendations met their obligations to investors. Contrary to Musk, however, Republicans at the state and national level have also charged top passive fund managers themselves have grown too aggressive with their proxy votes, a claim fund managers deny. Tesla has faced its own disagreements with the proxy advisers.

☆ Indonesia close to EV deals with BYD Group and Tesla - minister
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, Jan 17 (Reuters) - Indonesia is finalising agreements with China's automaker BYD Group and U.S. carmaker Tesla (TSLA.O) to invest in electric vehicle (EV) production facilities in the Southeast Asian country, a senior cabinet minister said on Tuesday. Indonesia is aggressively promoting investment into batteries and EVs at home to take advantage of its rich nickel resources. BYD Group, the number one in the world, Tesla, the number two, Hyundai and so on, they are all finalising deals with Indonesia," coordinating minister Luhut Pandjaitan said in a meeting with provincial governments. BYD Group and Tesla did not immediately respond to requests for comment. SGMW Motor Indonesia, part of a joint venture of SAIC Motor Corp Ltd, General Motors Co (GM.N) and Wuling Motors Holdings (0305.HK), has built assembly facilities in Indonesia.

☆ Chinese hospitals 'extremely busy' as COVID spreads unchecked
▼ + stars: | 2022-12-28 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

Staff at Huaxi, a big hospital in the southwestern city of Chengdu, said they were extremely busy caring for patients with COVID, as they have been ever since curbs were eased on Dec. 7. There were long queues inside and outside the hospital’s emergency department and at an adjacent fever clinic on Tuesday evening. “Almost all of the patients have COVID,” one emergency department pharmacy staff member said. Zhang Yuhua, an official at the Beijing Chaoyang Hospital, said most recent patients were elderly and critically ill with underlying diseases. She said the number of patients receiving emergency care had increased to 450-550 per day, from about 100 before, according to state media.

☆ Tesla may announce Mexico plant in coming days - report
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Dec 19 (Reuters) - Electric carmaker Tesla (TSLA.O) could announce the construction of a "Gigafactory" in the northern Mexican state of Nuevo Leon as soon as Friday, local newspaper Reforma reported Monday. The initial investment is projected at between $800 million and $1 billion, sources told the newspaper. A source told Reuters then that Musk had met with Nuevo Leon Governor Samuel Garcia and U.S. The Mexican Gigafactory, planned on the outskirts of the city Monterrey, would start by building components for current Tesla models, a source told Reforma, later possibly building a new model at a lower cost than other factories. Mexican Foreign Minister Marcelo Ebrard said earlier this month that Musk had toured three states in Mexico scouting locations for the factory.

☆ Tesla may announce $800 mln to $1 bln in Mexico plant in coming days - report
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

The total investment, taking into account future expansions, could eventually reach $10 billion, sources told the newspaper. The announcement would follow Chief Executive Elon Musk's visit to the state, which borders Texas, in October. A source told Reuters then that Musk had met with Nuevo Leon Governor Samuel Garcia and U.S. A federal official told Reuters Tesla would announce news of its planned investment when it was ready to do so, but that it would not necessarily be before Christmas. Mexican Foreign Minister Marcelo Ebrard said earlier this month that Musk had toured three states in Mexico scouting locations for the factory.

☆ Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests
▼ + stars: | 2022-12-05 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com time to read: +16 min

Reuters could not determine the full scope of the federal investigation or whether it involved the same alleged problems with animal testing identified by employees in Reuters interviews. Musk has pushed hard to accelerate Neuralink’s progress, which depends heavily on animal testing, current and former employees said. Delcianna Winders, director of the Animal Law and Policy Institute at the Vermont Law and Graduate School, said it is “very unusual” for the USDA inspector general to investigate animal research facilities. In September, the company responded to employee concerns about its animal testing by holding a town hall to explain its processes. “We’re extremely careful,” he said, to make sure that testing is “confirmatory, not exploratory,” using animal testing as a last resort after trying other methods.

☆ Musk says his companies will remain well positioned in 2023
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

Nov 11 (Reuters) - Elon Musk, who heads five companies including Tesla Inc (TSLA.O) and Twitter Inc, said in a tweet on Friday that his companies will be well positioned in 2023 despite the possibility of a tough economy. Twitter currently has $13 billion in debt and faces interest payments totaling close to $1.2 billion in the next 12 months. Meanwhile, electric carmaker Tesla added to its inventory in Shanghai, China, at its fastest pace ever in October. Musk told analysts last month that demand was strong in the quarter and he expected Tesla to be "recession-resilient". Musk is also the CEO of satellite internet company SpaceX, brain-chip startup Neuralink and tunneling enterprise The Boring Company.

☆ Biden says Musk relationships with other countries 'worthy of being looked at'
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 9 (Reuters) - U.S. President Joe Biden said on Wednesday he thinks Twitter boss Elon Musk's relationships with other countries is worthy of being looked at. "I think that Elon Musk's cooperation and/or technical relationships with other countries is worthy of being looked at," Biden said. Musk's purchase of Twitter sparked concerns that he could face pressure from countries trying to control online speech. [1/3] SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. Musk previously suggested that tensions between China and Taiwan could be resolved by handing over some control of Taiwan to Beijing.

☆ Twitter early investor Chris Sacca says Elon Musk is 'alone right now and winging this'
▼ + stars: | 2022-11-07 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

In a tweet thread on Monday, Sacca said he's always admired Musk and he referred to electric carmaker Tesla as "world positive." "His success to date is not an accident," Sacca wrote to his 1.6 million followers. But the challenges that come with running a popular social-messaging service like Twitter require a level of nuance and human understanding that Musk so far has not demonstrated, Sacca wrote. "Batteries and motors and rockets and tunnels and solar panels have definitively right and wrong answers," Sacca wrote. The "hard truth" for Musk is that "he is straight-up alone right now and winging this," Sacca wrote.

WASHINGTON — Which party controls Congress next year could have big implications for Twitter — and its new “Chief Twit,” Elon Musk. A Jordan spokesman had no comment about Musk and Twitter, but Republicans expect the company will be more cooperative with any future GOP investigations with Musk at the helm. But upon taking control of Twitter, Musk said he would first form a “content moderation council,” and Yoel Roth, head of Safety and Integrity at Twitter, insisted that the company’s policies on hate speech have not changed. “If Elon Musk has said now that he’s going to start a content moderation board, that was one good sign, but I continue to be concerned about that,” Klobuchar said. Other Democrats are raising national security concerns about how Musk financed the $44 billion Twitter deal.

$55 BILLION TESLA PAY LAWSUITA shareholder of Tesla wants a judge to find that Musk's Tesla pay package, which is estimated to be worth $55 billion, unjustly enriches Musk. read more read moreTesla has said it does not tolerate discrimination and has taken steps to address workers' complaints. LAWSUITS SPARKED BY MUSK'S TWEETSIn August 2018, Musk sent a tweet that he had "funding secured" to take Tesla private, sending shares sharply higher. Tesla shareholders are suing in Delaware to tighten oversight of Musk's tweets about the company. read moreJPMorgan Chase & Co (JPM.N) also sued Tesla in November for $162.2 million, saying it was forced to reprice Tesla stock warrants after the 2018 tweet.

☆ Chipmaker STMicro sees sales growth slowdown in fourth quarter
▼ + stars: | 2022-10-27 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

Bigger rival Texas Instruments Inc (TXN.O) earlier this week that it expected demand across most of its end markets to decline, while South Korea's SK Hynix Inc (000660.KS) warned of an "unprecedented deterioration" in memory chip demand. STMicro said it expected fourth-quarter sales to edge up by 1.8% from the previous quarter to about $4.4 billion. Co-controlled by the Italian and French governments, STMicro said demand rose across all its products in the third quarter, beating market expectations. Net revenue in the third quarter rose to $4.32 billion, above the company's own guidance and the $4.24 billion analyst consensus compiled by Visible Alpha. Reporting by Mathieu Rosemain; Editing by Muralikumar Anantharaman, Subhranshu Sahu and Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Mirae Asset in talks to help fund Elon Musk's Twitter deal - source
▼ + stars: | 2022-10-24 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

SAN FRANCISCO, Oct 24 (Reuters) - South Korea's Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44-billion buyout of Twitter Inc (TWTR.N), a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalized in the coming days before the deadline for the closing of the Twitter deal on Oct. 28, the source added. Mirae Asset earlier this year invested in Musk's rocket and satellite company SpaceX, the person said. Register now for FREE unlimited access to Reuters.com RegisterMusk's lawyer and Mirae Asset were not immediately available for comments. Tesla investors have feared the billionaire might sell more Tesla stocks to finance the deal, weighing on its shares.

☆ Chinese EV battery maker CATL expects Q3 profit to nearly triple
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Oct 11 (Reuters) - CATL (300750.SZ), a Chinese electric vehicle (EV) battery giant, forecast its net profit in the July-September quarter to nearly triple from a year-ago period, buoyed by rapid expansion in production to power the growth of EVs worldwide. The company is the world's biggest battery maker and accounts for more than a third of global EV battery sales. CATL, a supplier to U.S. carmaker Tesla Inc (TSLA.O), expects its third-quarter net profit to increase to between 8.8 billion yuan ($1.23 billion) and 9.9 billion yuan, up from 3.3 billion yuan last year, CATL said in a stock exchange filing late Monday. Register now for FREE unlimited access to Reuters.com RegisterIt expects net profit for the first nine months of the year to more than double from a year-ago period. The Chinese firm announced in August that it would build a $7.6 billion battery plant in Hungary, Europe's largest so far.

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