Tesla plans to launch its highly anticipated robotaxi service in California and Texas next year, supported by human teleoperators for added safety. The initiative will rely on a company-owned fleet and an internally developed ride-hailing app, according to a Deutsche Bank note following a meeting with Tesla’s investor relations team.
A more affordable Tesla vehicle is still on track for release in the first half of 2024, with additional models expected later in the year. The move underscores Tesla’s commitment to advancing autonomous technology while addressing safety concerns with teleoperator oversight.
Deutsche Bank highlighted the potential need for human intervention in early stages of the robotaxi rollout, ensuring redundancy in operations. Following these updates, the bank raised its Tesla stock price target to $370, reflecting confidence in the company’s future prospects.
Tesla shares were trading slightly lower at $386.04 on Monday. While Tesla has not publicly commented on these developments, its ambitious plans signal a strong push towards reshaping urban transportation.
The US Department of Commerce has finalised a $6.1B subsidy for Micron Technology, marking one of the largest awards under the CHIPS and Science Act. The funds will support the construction of new semiconductor plants in New York and Idaho, with expectations to create at least 20,000 jobs by the end of the decade.
An additional $275M investment has been earmarked for expanding Micron’s Virginia facility, which focuses on producing chips for critical sectors like defense, automotive, and networking. The White House emphasised that this effort aims to strengthen national security by reducing reliance on foreign suppliers, particularly from China and Taiwan.
The Biden administration has made semiconductor independence a priority, providing similar funding to companies like Intel and Taiwan Semiconductor Manufacturing Co. These initiatives aim to secure the US position in global chip production, a vital industry for technological and economic stability.
Apple Pay has faced its first real competition on iPhones, thanks to Norway’s mobile payment app, Vipps. Leveraging new EU regulations, Vipps now allows iPhone users to make tap-to-pay transactions, shop online, and even set it as their default payment app. This is a significant milestone as Apple, under pressure from EU regulators, has opened its NFC chip to third-party developers with the release of iOS 18.1.
For a decade, Apple Pay was the exclusive method for tap-to-pay functionality on iPhones. That changed after EU rulings deemed Apple’s practices anti-competitive, prompting the company to commit to a more open ecosystem. In addition to enabling NFC access, Apple has also introduced RCS messaging support and expanded app deletion options in response to regulatory pressure.
Vipps’ debut as Apple Pay’s first competitor signals a shift toward a more diverse iPhone experience. While this development could usher in innovative payment solutions, it also raises concerns about potential fragmentation in mobile payment systems. For now, Norway is leading the charge in this new era of digital payments.
Amazon is establishing the Amazon AGI SF Lab in San Francisco to develop cutting-edge AI agent technology. This new initiative will be led by David Luan, co-founder of the AI startup Adept, which Amazon effectively acquired earlier this year. The lab’s primary focus will be creating agents capable of performing complex tasks across various software, web browsers, and even real-world applications.
Amazon’s move builds on its broader efforts in artificial general intelligence (AGI) and aligns with its recent acquisition of talent and technology from Adept. Luan will work alongside robotics expert Pieter Abbeel, who joined Amazon through its deal with Covariant. The lab plans to start with Adept’s existing team while adding a few dozen researchers from fields like quantitative finance and physics.
The company aims to develop AI agents that can learn from human feedback, self-correct, and intuit user goals, advancing a vision of intelligent systems that go beyond static tools. This initiative positions Amazon in the competitive “agentic AI” sector, which industry analysts estimate could grow to $31B by year-end.
Amazon’s AGI SF Lab comes amid a broader push by major tech players to develop similar autonomous systems. With competitors such as OpenAI, Anthropic, and Google already making strides in this field, Amazon’s new lab highlights its commitment to being a leader in the next wave of AI innovation.
European regulators are investigating a previously undisclosed advertising partnership between Google and Meta that targeted teenagers on YouTube and Instagram, the Financial Times reports. The now-cancelled initiative aimed at promoting Instagram to users aged 13 to 17 allegedly bypassed Google’s policies restricting ad personalisation for minors.
The partnership, initially launched in the US with plans for global expansion, has drawn the attention of the European Commission, which has requested extensive internal records from Google, including emails and presentations, to evaluate potential violations. Google, defending its practices, stated that its safeguards for minors remain industry-leading and emphasised recent internal training to reinforce policy compliance.
This inquiry comes amid heightened concerns about the impact of social media on young users. Earlier this year, Meta introduced enhanced privacy features for teenagers on Instagram, reflecting the growing demand for stricter online protections for minors. Neither Meta nor the European Commission has commented on the investigation so far.
Automattic, the company behind WordPress, announced its acquisition of WPAI, a startup specialising in AI tools for WordPress. WPAI’s offerings include CodeWP, a tool for creating plugins using AI, and AgentWP, an AI assistant for site builders. While these tools will be discontinued in their current form, Automattic plans to integrate their capabilities into its own suite of products.
The founding team of WPAI will join Automattic to spearhead AI initiatives within the WordPress ecosystem. According to Automattic, their efforts will focus on creating new AI-driven solutions to simplify development, enhance website management, and improve user experience all while staying true to WordPress’s open-source values.
This acquisition comes on the heels of Automattic’s recent purchase of Harper, a Grammarly competitor for developers. Together, these moves highlight Automattic’s growing investment in AI technologies to streamline content creation and site functionality for its millions of users worldwide. Financial details of the WPAI deal were not disclosed.
WPAI has expressed a commitment to advancing AI standards for WordPress and collaborating closely with the community to ensure thoughtful and innovative implementation. These developments could redefine how developers and users interact with WordPress, making the platform even more accessible and efficient.
OpenAI has launched its text-to-video AI model, Sora, to ChatGPT Plus and Pro users, signalling a broader push into multimodal AI technologies. Initially limited to safety testers, Sora is now available as Sora Turbo at no additional cost, allowing users to create videos up to 20 seconds long in various resolutions and aspect ratios.
The move positions OpenAI to compete with similar tools from Meta, Google, and Stability AI. While the model is accessible in most regions, it remains unavailable in EU countries, the UK, and Switzerland due to regulatory considerations. OpenAI plans to introduce tailored pricing options for Sora next year.
The company emphasised safeguards against misuse, such as blocking harmful content like child exploitation and deepfake abuse. It also plans to gradually expand features, including uploads of people, as it enhances protections. Sora marks another step in OpenAI’s efforts to innovate responsibly in the AI space.
Content moderators in Kenya are suing Meta and its former contractor, Sama, for wrongful dismissal and blacklisting after attempting to unionise. The moderators allege they were excluded from reapplying for similar roles when Meta transitioned to a new contractor, Majorel. This legal dispute sheds light on challenges faced by moderators, particularly those focusing on Ethiopia, who say they received death threats from the Oromo Liberation Army (OLA) for removing violent posts but were ignored by their employer.
According to court filings, the moderators accuse Sama of initially dismissing their complaints, accusing them of fabricating the threats. One moderator, publicly identified by the rebels, was eventually sent to a safe house. The OLA reportedly warned moderators to stop deleting their graphic posts, escalating the atmosphere of fear among employees. Moderators claim Meta failed to address hate speech effectively, leaving them in a constant cycle of reviewing harmful content that did not breach Meta’s policies.
The case also highlights broader concerns over how Meta manages its global network of moderators tasked with handling violent and graphic content. This comes amid separate allegations that Meta allowed violent and hateful posts to proliferate during Ethiopia’s civil conflict, worsening tensions. Out-of-court settlement talks failed last year, and the legal outcomes could shape how content moderation is approached worldwide.
Meta and Sama have refrained from commenting on the latest allegations, while the OLA did not respond to requests. As the trial unfolds, it raises critical questions about accountability and workplace protections for moderators operating in volatile regions.
China has launched an anti-monopoly investigation into US chipmaker Nvidia, citing possible violations linked to its acquisition of Mellanox Technologies in 2020. The move is widely seen as retaliation against recent US restrictions on China’s semiconductor sector, including curbs on advanced chip exports.
Nvidia, which dominates China’s AI chip market, is accused of breaching conditions tied to the Mellanox deal, such as fair trade requirements and restrictions on bundling products. The probe comes amid heightened trade tensions, with Beijing encouraging local companies to avoid US chips and Washington tightening export controls on critical semiconductor technologies.
Analysts suggest the investigation is unlikely to significantly impact Nvidia in the near term, as its most advanced chips are already restricted from sale in China. However, the company faces growing competition from domestic firms like Huawei. China accounted for 17% of Nvidia’s revenue last year, down from 26% two years prior, as US-China tech conflicts continue to reshape the global semiconductor landscape.
TikTok and its parent company, ByteDance, have filed an emergency motion with a federal appeals court to temporarily halt a US law that would force ByteDance to sell TikTok by 19 January or face a nationwide ban. The companies argue that without the delay, the popular app could shut down in the US, affecting 170 million monthly users and numerous businesses reliant on the platform.
The motion follows a decision by an appeals court panel upholding the divestment requirement. TikTok’s lawyers assert the Supreme Court should have time to review the case and highlight President-elect Donald Trump’s stated intention to prevent the ban. The incoming administration, they argue, could reconsider the law and render the case moot.
The law granting the US government authority to ban foreign-owned apps over data security concerns has faced criticism, with TikTok warning the decision could disrupt services globally. As the January deadline looms, ByteDance faces challenges in demonstrating sufficient progress toward a divestment to secure an extension, even as political and legal battles intensify.
