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Tesla quarterly sales slump 13% amid backlash against Elon Musk
Tesla reported a 13% drop in vehicle sales in the first three months of the year, making it the electric vehicle maker’s worst quarter since 2022. It’s another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.The drop is probably due to a combination of factors, including its ageing lineup, competition from rivals and a backlash from Musk’s embrace of rightwing politics. It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.Tesla reported deliveries of 336,681 vehicles globally in the January-March quarter
Italian police increase security at Tesla dealerships after 17 cars destroyed in Rome fire
Italy’s interior ministry has written to police forces across the country to increase security at Tesla dealerships after 17 of the electric cars made by Elon Musk’s company were destroyed in a fire in Rome.Italy’s state police anti-terrorism unit, Digos, is investigating whether the fire at the Tesla dealership in Torre Angela, a suburb in the east of the capital, was started by anarchists.Firefighters worked for hours to put out the blaze in the early hours of Monday. Drone images showed a row of the burnt-out remains of the vehicles in a parking area of the dealership. Using his social media platform, X, Musk referred to it as “terrorism”
Roblox gives parents more power over children’s activity on gaming platform
Parents can now block their children from communicating with specific friends or playing certain games on Roblox, an online gaming platform popular with children.The changes form part of a suite of safety updates intended to give parents more control over their child’s experience on the platform.From Wednesday, parents and caregivers who identify themselves with an ID or credit card will have access to three new tools. The friend management tool means they can block anyone on their child’s friends list, preventing their child from exchanging direct messages with that account, and report people they believe are violating Roblox policies.They can also review and change the content maturity level for their child’s account, determining which games their child can access, and obtain detailed screen-time insights
Trump to consider final proposal on TikTok as US ban deadline looms
Donald Trump will consider a “final proposal” over the sale of TikTok’s US operations on Wednesday, according to reports, as a Saturday deadline looms for the Chinese-controlled app to find a buyer.The White House is finalising plans for a deal involving US investors, possibly including the tech firm Oracle and the private equity firm Blackstone, CBS News reported. Even Amazon has thrown in a last-minute bid to buy the popular social media app, according to multiple reports.TikTok’s parent, the Beijing-based ByteDance, has until 5 April to sell the app’s US unit or be banned in the country, under an executive order signed by the US president.The potential transaction, which is reportedly a “final proposal”, will involve new investors such as Blackstone joining existing non-Chinese shareholders in ByteDance in providing fresh capital to bid for the business, Reuters reported
UK needs to relax AI laws or risk transatlantic ties, thinktank warns
Tony Blair’s thinktank has urged the UK to relax copyright laws in order to let artificial intelligence firms build new products, as it warned a tougher approach could strain the transatlantic relationship.The Tony Blair Institute said enforcing firm copyright measures would strain ties with the US, which is poised to announce tariffs on UK goods on Wednesday.Warning that geopolitical considerations require “urgent and adequate attention” while AI policy is being drafted, TBI said: “Without similar provisions in the United States, it would be hard for the UK government to enforce strict copyright laws without straining the transatlantic relationship it has so far sought to nurture.”The thinktank has said that if the UK went down the route of demanding licensing of all UK content used in AI models, it would simply push that development work to other territories where there are less strict copyright laws. To enforce a strict licensing model, the UK would also need to restrict access to models that have been trained on such content, which could include US-owned AI systems
OpenAI raises $40bn in deal with SoftBank that values it at $300bn
OpenAI has raised $40bn (£31bn) through fundraising led by the Japanese group SoftBank, in a deal that values the ChatGPT developer at $300bn.OpenAI said the funding round would allow the company to “push the frontiers of AI research even further”. It added that SoftBank’s support would “pave the way” towards AGI, or artificial general intelligence, the term for AI systems that can match or exceed humans at nearly all cognitive tasks.“Hundreds of millions people use ChatGPT each week,” said the OpenAI chief executive, Sam Altman. “This investment helps us push the frontier and make AI more useful in everyday life
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