Tesla's $2.9 Billion Battery Deal Just Collapsed to $7,386

Tesla's $2.9 Billion Battery Deal Just Collapsed to $7,386

South Korean supplier L&F announced that its $2.9 billion contract to supply battery materials to Tesla has been written down to just $7,386, a reduction of more than 99 percent. The materials were intended for Tesla's 4680 battery cells, which power the Cybertruck. With the Cybertruck selling at a fraction of its production capacity and the $25,000 Tesla cancelled, the 4680 program that Musk promised would halve battery costs has collapsed.

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Why AI safety rules paralyze cyber defense

Why AI safety rules paralyze cyber defense

Leading technology corporations like Nvidia, Microsoft, and SpaceX have established the Open Secure AI Alliance to bolster the safety and transparency of open-source artificial intelligence. This init...

28 Heinä 24min

Nvidia's half trillion dollar loan to OpenAI

Nvidia's half trillion dollar loan to OpenAI

Nvidia is reportedly negotiating a massive financial agreement to support OpenAI in a $500 billion data center development located in Ohio. The proposed deal involves a $250 billion financing guarante...

27 Heinä 15min

Alphabet Funds Orbital AI With SpaceX Gains

Alphabet Funds Orbital AI With SpaceX Gains

Alphabet’s Q2 2026 financial results reveal a historic $112.1 billion net income, largely inflated by massive paper gains from its equity stakes in SpaceX and Anthropic. While the company celebrated a...

27 Heinä 10min

Claude Opus 5 delivers affordable frontier intelligence

Claude Opus 5 delivers affordable frontier intelligence

Anthropic has officially launched Claude Opus 5, a high-performance AI model designed to offer intelligence comparable to the flagship Fable 5 at half the operational cost. This new release is positio...

26 Heinä 23min

New USA forced labor tariffs hit sixty countries

New USA forced labor tariffs hit sixty countries

The United States government is implementing new trade tariffs ranging from 10% to 12.5% against 60 different trading partners. These measures, enacted under Section 301 of the Trade Act of 1974, spec...

25 Heinä 23min

Tesla Squeezes Car Margins For AI

Tesla Squeezes Car Margins For AI

Tesla’s second-quarter 2026 financial results, which revealed a significant earnings miss despite achieving record-breaking revenue and vehicle deliveries. Analysts highlight that profit margins and f...

24 Heinä 20min

Google's billion dollar fine for search bias

Google's billion dollar fine for search bias

European regulators recently issued a historic $1 billion fine against Google for multiple violations of the Digital Markets Act. The investigation concluded that the tech giant engaged in self-prefer...

23 Heinä 27min

Anthropic overtakes OpenAI as most valuable startup

Anthropic overtakes OpenAI as most valuable startup

Anthropic recently launched Claude Opus 4.8, an upgraded AI model featuring enhanced reliability, speed, and specialized coding and agentic capabilities. While OpenAI has surpassed 10 million weekly u...

23 Heinä 16min