Tesla to Build New Shanghai Factory for Megapack Battery
Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.
Bloomberg Tech
Tesla to Build New Megapack Battery Factory in Shanghai: Xinhua
Tesla Inc. will build a new battery factory in Shanghai that will start production in the second quarter of next year, the official Xinhua News Agency reported.
ByteDance’s Profit Surges 79%, Exceeding Alibaba and Tencent: FT
ByteDance Ltd.’s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time, the Financial Times reported.
South Korea to Strengthen Supply Chain Cooperation with India
South Korea plans on strengthening cooperation with India as Seoul attempts to align with a US-led push to diversify the global supply chain away from China.
Apple at Heart of US-China Selective Decoupling, Gallagher Says
Apple Inc. and Walt-Disney Co. are among US businesses that will face the steepest challenges in a “selective decoupling” from China, a key lawmaker said after a series of meetings with executives and experts in Hollywood and Silicon Valley this week.
Social Media Buzz: Abortion, Gen Z, Taiwan, the Masters
What’s buzzing on social media this morning:
Jailbreaking AI Chatbots Is Tech’s New Pastime
AI programs have safety restrictions built in to prevent them from saying offensive or dangerous things. It doesn’t always work
US Lawmakers Discuss Bringing Starlink Into Taiwan With Tsai
Two US lawmakers said they discussed the possibility of bringing Elon Musk’s Starlink satellite system into Taiwan with President Tsai Ing-wen, to help Taipei’s deterence against China.
Charting the Global Economy: US Job Growth Cools; Oil Up on OPEC
The US job market moderated somewhat but still showed remarkable resilience even as other parts of the economy slowed, and OPEC+ announced a surprise cut in oil production.
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure
KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley & Co. in an investor lawsuit based on alleged misstatements leading to the bank’s collapse.