OpenAI chief goes before US Congress to propose licenses for building AI
Business

OpenAI chief goes before US Congress to propose licenses for building AI

WASHINGTON, May 16 (Reuters) – The CEO of OpenAI, the startup behind ChatGPT, told a Senate panel on Tuesday the use of artificial intelligence to interfere with election integrity is a “significant area of concern”, adding that it needs regulation.”I am nervous about it,” CEO Sam Altman said about elections and AI, adding rules and… […]

Tesla succession plan, vehicle demand in focus at annual meet
Business

Tesla succession plan, vehicle demand in focus at annual meet

May 16 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months.At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO… […]

Chinese warships return to West Pacific for live-fire drills
Business

Chinese warships return to West Pacific for live-fire drills

BEIJING, May 16 (Reuters) – Two Chinese warships have ventured into the Western Pacific for live-fire exercises, the military said on Tuesday, shortly after one of China’s two aircraft carriers returned from a patrol, in its latest projection of force into more distant waters.The destroyer Dalian and guided-missile frigate Huangshan sailed to an unidentified area… […]

Tesla applies to expand Shanghai plant, add pouch battery cell output
Business

Tesla applies to expand Shanghai plant, add pouch battery cell output

May 16 (Reuters) – Tesla Inc (TSLA.O) has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers.An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up from… […]

Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more
Economy

Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more

Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023.David A. Grogan | CNBCCheck out the companies making headlines in midday trading.Tesla — Shares rose 4.4% following the company’s annual shareholder meeting the previous day. CEO Elon Musk announced the company would deliver its first Cybertrucks later this year. Musk said that although he expects… […]