Today was Tesla’s worst day since 2020

It’s been a bad day for many major companies, but hey, at least they’re not Tesla. The electric vehicle company saw its biggest daily decline — more than 15% as of market close — since 2020, the year that was plagued by a global pandemic and ensuing supply chain chaos.

Back in September 2020, Tesla saw its biggest decline ever, 21%, after Standard & Poor’s didn’t add the company to its index of the 500 biggest stocks. Notably, Tesla, which is now on that list, is now the worst-performing stock on the S&P 500 for the year.

Tesla has been facing declining sales, lowered analyst estimates, growing competition, shrinking popularity, a rash of protests against the company and CEO Elon Musk, and tariffs on Mexico and Canada, where many of its parts are manufactured.

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Jon Keegan31m

OpenAI working to build a US supply chain for its hardware plans, including robots

When OpenAI purchased Jony Ive’s I/O, it entered the hardware business. The company is currently ramping up to produce a mysterious AI-powered gadget.

But OpenAI plans on making more than just consumer gadgets— it also plans on making data center hardware, and even robots.

Bloomberg reports that OpenAI has been on the hunt for US-based suppliers for silicon, motors for robotics, as well as cooling systems for data centers.

AI companies are looking towards robots as a logical next step for finding applications for their models.

OpenAI told Bloomberg that US companies building the AI brains of robots might have an edge against the Chinese hardware manufacturers who are currently making some impressive humanoid robots.

OpenAI Seeks US-Based Suppliers for Planned Robotics, AI Device Push

Bloomberg reports that OpenAI has been on the hunt for US-based suppliers for silicon, motors for robotics, as well as cooling systems for data centers.

AI companies are looking towards robots as a logical next step for finding applications for their models.

OpenAI told Bloomberg that US companies building the AI brains of robots might have an edge against the Chinese hardware manufacturers who are currently making some impressive humanoid robots.

Millie Giles

WIKI BIRTHDAY TO YOU

As Wikipedia turns 25, its future will depend on AI — for better or worse

The online encyclopedia is celebrating 25 years since launch, but its next quarter century will likely be defined by the AI giants it’s now signing content deals with.

Wikipedia Home Page, Closeup on LCD Screen

Jon Keegan3h

ICE agents arrest workers from Meta’s Hyperion data center site

Yesterday, US Immigration and Customs Enforcement (ICE) officers stopped and arrested two workers from Meta’s massive Hyperion data center construction site in Richland Parish, Louisiana.

According to the Richland Parish Sheriff’s Office, two dump truck drivers were stopped and arrested as part of a traffic stop as they headed to the construction site where thousands of people are working.

Bloomberg reports that unmarked vehicles at the perimeter of the construction site were stopping and checking the identification of workers. The Sheriff’s Office said ICE agents did not enter the Meta site at any time.

Immigration Officers Descend on Meta Data Center, Arrest Drivers

Jon Keegan4h

Two cofounders leave Thinking Machines Lab to return to OpenAI

A group of researchers have left Mira Murati’s Thinking Machines Lab to go back to OpenAI. Fidji Simo, OpenAI’s head of apps, posted on X that Thinking Machines cofounders Barret Zoph and Luke Metz, along with Sam Schoenholz, will be returning to the company.

In October, Thinking Machines cofounder Andrew Tulloch left to work for Meta.

Thinking Machine Labs was cofounded by Murati, a former OpenAI executive, and the startup has been raising large amounts of money, reportedly with a $50 billion valuation.

Two Thinking Machines Lab Cofounders Are Leaving to Rejoin OpenAI

Thinking Machine Labs was cofounded by Murati, a former OpenAI executive, and the startup has been raising large amounts of money, reportedly with a $50 billion valuation.

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Ryan Broderick, Adam Bumas5h

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