Tech
Elon Musk Plans To Develop Town Named Snailbrook Near His Planned Austin, Texas SpaceX And Boring Co. Facilities
An aerial view of Elon Musk's Snailbrook community under construction on March 13, 2023 in Bastrop County, Texas. (Brandon Bell/Getty Images)

X’s new home is a bodega and 15 trailers in a trench coat

Some things are smaller in Texas.

In July, Elon Musk announced the company formerly known as Twitter would be moving to Austin. Not quite.

According to Forbes, which cites court documents, Bastrop County, Texas, will be the new home of X now that it has closed up shop in San Francisco. It’s 40 minutes outside Austin, depending on traffic, which there’s a lot more of these days.

The rural location is outside the city of Bastrop, which has a population of about 10,000. It’s the home of SpaceX’s Starlink facility as well as the headquarters location for the Boring Company, Musk’s drilling outfit.

Elon Musk company town Snailbrook site overview
YouTube screenshot from Joe Tegtmeyer video in July

July drone footage from Joe Tegtmeyer, a YouTuber who documents developments at Musk’s businesses, shows a new facility being constructed next to the Hyperloop Plaza that will likely house X employees. Currently, X is hiring “safety agents” in Bastrop who will be “responsible for helping our users successfully and safely use our platform” by “combating spam and fraud, and providing support to our customers.”

Forbes, citing X’s real estate director, said X has 188 employees in Texas and will eventually base its Austin employees in Bastrop. Fortune earlier this month said San Francisco employees have been shuttling to offices an hour away in San Jose and Palo Alto and fear they may have to move to Bastrop to keep their jobs. The report said fewer than 500 engineers are left at X.

Musk is in the process of building a company town for his employees in Bastrop County called Snailbrook, named after the Boring Co’s slow-going mascot. The plan, according to reporting last year from the Wall Street Journal, is to build at least 110 homes and potentially incorporate the town.

Elon Musk Plans To Develop Town Named Snailbrook Near His Planned Austin, Texas SpaceX And Boring Co. Facilities
This is what the residential area of Musk’s town looked like last year. Not much has changed. (Brandon Bell/Getty Images)

Construction hasn’t started on those homes yet, Chap Ambrose, a Bastrop County resident whose property abuts the plots, told me. So far the company town consists of roughly 15 residential trailers, as well as a center of commerce called Hyperloop Plaza, which includes a bodega, pickleball courts, a his-and-hers salon, and a pub that looks like an unfinished garage man-cave. The development where X will be is not quite bustling just yet. The nearby city of Bastrop, though, has been getting a lot of new restaurants in the last few years, a city official told me, while the county has been overrun by new residential development.

Bastrop County’s population has jumped 17% in the last four years, and 2.5% in the last year, according to data from Placer.ai. That’s more than double the percentage growth of Austin, one of the fastest growing cities in the country, in that time. Traffic in the county has also swelled in the past few years, thanks to Musk companies’ development.

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Report: China’s “Manhattan Project” built an advanced EUV chip fab prototype

The most advanced chipmaking process in the world is currently owned by one company: Dutch chipmaker ASML.

The process, known as extreme ultraviolet lithography (EUV), allows for the smallest, most complex semiconductors to be etched onto silicon chips.

These advanced chips are used in a huge number of crucial industries such as AI, mobile phones, and weapons manufacturing.

A new report from Reuters says that China has completed a factory-sized prototype of an EUV chip fab, a first that could have huge ramifications for the balance of power in the global technology race.

The prototype was built in a high-security facility in Shenzhen by former ASML employees and made use of secondary markets to acquire older, used ASML parts, according to the report. Despite a goal of delivering working chips by 2028, sources say China is likely a couple years behind that schedule.

ASML’s $250 million EUV machines are used to manufacture advanced chips for Nvidia, Advanced Micro Devices, and for chips made by TSMC.

ASML shares were down about 4.8% as of 12 p.m. ET.

These advanced chips are used in a huge number of crucial industries such as AI, mobile phones, and weapons manufacturing.

A new report from Reuters says that China has completed a factory-sized prototype of an EUV chip fab, a first that could have huge ramifications for the balance of power in the global technology race.

The prototype was built in a high-security facility in Shenzhen by former ASML employees and made use of secondary markets to acquire older, used ASML parts, according to the report. Despite a goal of delivering working chips by 2028, sources say China is likely a couple years behind that schedule.

ASML’s $250 million EUV machines are used to manufacture advanced chips for Nvidia, Advanced Micro Devices, and for chips made by TSMC.

ASML shares were down about 4.8% as of 12 p.m. ET.

tech

Google is reportedly working with Meta to expand software support for its AI chips

Nvidia dominates the market for AI chips. But its advantage is not limited to hardware.

The company has a growing suite of software tools that are usually paired with its chips, optimized to get the most out of the GPUs crunching the data.

Any challengers to Nvidia’s dominance will need to make it easy for developers to walk away from the Nvidia software-hardware lock-in. That’s what Google and Meta are teaming up to do.

A new report from Reuters says Google is working on an initiative code-named “TorchTPU,” which aims to make it easier for AI developers who use the ubiquitous, open-source PyTorch software framework to switch the hardware layer to Google’s tensor processing units (TPUs).

Meta is a huge backer of the PyTorch project, so the company is teaming up with Google to help develop its TorchTPU software, per the report.

Last month, it was reported that Google is planning on selling TPUs worth “billions of dollars” to Meta, which follows other Big Tech players who are hedging their bets against Nvidia’s dominance.

Any challengers to Nvidia’s dominance will need to make it easy for developers to walk away from the Nvidia software-hardware lock-in. That’s what Google and Meta are teaming up to do.

A new report from Reuters says Google is working on an initiative code-named “TorchTPU,” which aims to make it easier for AI developers who use the ubiquitous, open-source PyTorch software framework to switch the hardware layer to Google’s tensor processing units (TPUs).

Meta is a huge backer of the PyTorch project, so the company is teaming up with Google to help develop its TorchTPU software, per the report.

Last month, it was reported that Google is planning on selling TPUs worth “billions of dollars” to Meta, which follows other Big Tech players who are hedging their bets against Nvidia’s dominance.

$100B

Waymo, Alphabet’s autonomous driving subsidiary, is in talks to raise more than $15 billion in a funding round that would value the company near $100 billion, Bloomberg reports. That’s more than double the valuation from its last round in October 2024, reflecting its lead in driverless ride-hailing.

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