Connect with us

Published

on

Tesla’s AI Day 2022 was mainly a recruiting event, according to CEO Elon Musk.

Continue Reading

Technology

Climate protesters try to break into Tesla’s Germany factory, multiple people arrested

Published

on

By

Climate protesters try to break into Tesla's Germany factory, multiple people arrested

Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024.

Axel Schmidt | Getty Images

Climate protesters angry about Tesla’s plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police.

“Multiple unauthorized people are trying to enter the ground of the Tesla factory,” Brandenburg police said via X Friday. “We are in the process of preventing this.”

“The situation is dynamic,” a Brandenburg police spokesperson told CNBC Friday, adding that there have been multiple roadblocks in the area due to the demonstrations.

A Tesla spokesperson was not immediately available for comment when contacted by CNBC.

Since Monday, a camp has been set up near the Tesla grounds at its Brandenburg plant, with participation increasing since Wednesday and peaking on a German bank holiday Thursday, police said.

Police confront environmental activists in a forest near Tesla’s German Gigafactory, May 10, 2024.

Axel Schmidt | Getty Images

Protest gatherings were planned for Friday, one stationary near the Tesla factory grounds and another involving a procession from the camp, the Brandenburg police spokesperson told CNBC.

However, disruptions ensued, including attempts to breach the Tesla premises and sit-in blockades on roads, leading to roadblocks, the spokesperson said.

Protesters also occupied a nearby airfield in the Neuhardenberg municipality, lighting pyrotechnics and blocking access roads, according to the police.

Police intervened, leading to multiple arrests and instances of force. The police operation involved support from neighboring states and national forces, the spokesperson added.

CNN reported on Wednesday that Tesla asked its workers to stay home rather than come into the factory Friday due to concerns over the protests surrounding its Brandenburg plant.

André Thierig, a senior manufacturing director at the Tesla factory, confirmed via X on Tuesday that the electric car maker was shuttering production Friday in a “one-day planned production shutdown.”

Tesla is pursuing a major expansion for its battery and car assembly factory in Brandenburg, Germany, about 32 miles south of Berlin.

Police officers guard an access road to the Neuhardenberg airfield. Tesla vehicles produced at the Grünheide plant are temporarily stored on the airfield site.

Patrick Pleul | Picture Alliance | Getty Images

Tesla’s planned expansion includes designs for a rail freight depot and storage facilities that could help it avoid reliance on other logistics providers and avoid production pauses due to parts shortages.

Locals in February voted against authorizing the factory expansion. However, the vote was nonbinding and Tesla and local officials still intend to push ahead.

Climate protesters have expressed concerns about Tesla’s plans, which entail cutting down approximately 250 acres of forest in a rural community of fewer than 8,000 residents near a nature conservation area.

Tesla CEO Elon Musk has previously lashed out at protesters targeting Tesla’s German Gigafactory, saying on X in March they’re “either the dumbest eco-terrorists on Earth or they’re puppets of those who don’t have good environmental goals.”

— CNBC’s Lora Kolodny contributed to this report

Continue Reading

Technology

Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions

Published

on

By

Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions

On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange.

The company, which has yet to generate any revenue, went public through a special purpose acquisition company called AltC Acquisition Corp., founded and led by Altman.

Under the ticker symbol “OKLO,” shares were trading at just above $15 on Friday morning. Oklo was set to receive more than $306 million in gross proceeds upon closing the transaction, according to a release.

Oklo’s business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. Instead of conventional reactors, the company aims to use mini nuclear reactors housed in A-frame structures. Its goal is to sell the energy to end users such as the U.S. Air Force and big tech companies.

Oklo is currently working to build its first small-scale reactor in Idaho, which could eventually power the types of data centers that OpenAI and other artificial intelligence companies need to run their AI models and services.

Altman, co-founder and CEO of OpenAI, has said he sees nuclear energy as one of the best ways to solve the problem of growing demand for AI, and the energy that powers the technology, without relying on fossil fuels. Microsoft co-founder Bill Gates and Amazon founder Jeff Bezos have also invested in nuclear plants in recent years.

“I don’t see a way for us to get there without nuclear,” Altman told CNBC in 2023. “I mean, maybe we could get there just with solar and storage. But from my vantage point, I feel like this is the most likely and the best way to get there.”

In an interview with CNBC Thursday, Oklo CEO Jacob DeWitte confirmed that the company has yet to generate revenue and has no nuclear plants deployed at the moment. He said the company is targeting 2027 for its first plant to come online.

Going the SPAC route is risky. So-called reverse mergers became popular in the low-interest rate days of 2020 and 2021 when tech valuations were soaring and investors were looking for growth over profit. But the SPAC market collapsed in 2022 alongside rising rates and hasn’t recovered.

AI-related companies, on the other hand, are the new darlings of Wall Street.

“SPACs haven’t exactly had the best performances in the past couple of years, so for us to have sort of the outcome that we’ve had here is obviously a function of the work we put in, but also what we’re building and also the fact that the market sees the opportunity sets here,” said DeWitte, who co-founded the company in 2013. “I think it’s very promising on multiple fronts for [the] nuclear, AI, data center push, as well as the energy transition piece.”

The company has seen its fair share of regulatory setbacks. In 2022, the U.S. Nuclear Regulatory Commission denied Oklo’s application for an Idaho reactor. The company has been working on a new application, which it isn’t aiming to submit to the NRC until early next year, DeWitte said, adding that it’s currently in the “pre-application engagement” stage with the commission.

Altman got involved with Oklo while president of the startup incubator Y Combinator. Oklo went into the program in 2014 after an earlier meeting between Altman and DeWitte. In 2015, Altman invested in the company and became chairman.

It’s not Altman’s only foray into nuclear energy or other infrastructure that could power large-scale AI growth.

In 2021, Altman led a $500 million funding round in clean energy firm Helion, which is working to develop and commercialize nuclear fusion. Helion said in a blog post at the time that the capital would go toward its electricity demonstration generator, Polaris, “which we expect to demonstrate net electricity from fusion in 2024.”

Altman didn’t respond to a request for comment.

In recent years, Altman has also poured money into chip endeavors and investments that could help power the AI tools OpenAI builds.

Just before his brief ouster as OpenAI CEO in November, he was reportedly seeking billions of dollars for a chip venture codenamed “Tigris” to eventually compete with Nvidia.

Altman in 2018 invested in AI chip startup Rain Neuromorphics, based near OpenAI’s San Francisco headquarters. The next year, OpenAI signed a letter of intent to spend $51 million on Rain’s chips. In December, the U.S. compelled a Saudi Aramco-backed venture capital firm to sell its shares in Rain.

DeWitte told CNBC that the data center represents “a pretty exciting opportunity.”

“What we’ve seen is there’s a lot of interest with AI, specifically,” he said. “AI compute needs are significant. It opens the door for a lot of different approaches in terms of how people think about designing and developing AI infrastructure.”

WATCH: Investing in the future of AI

Continue Reading

Technology

House committee asks Microsoft’s Brad Smith to attend hearing on security lapses

Published

on

By

House committee asks Microsoft's Brad Smith to attend hearing on security lapses

Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024.

Alex Wroblewski | Bloomberg | Getty Images

A House committee wants Microsoft‘s top lawyer, Brad Smith, to attend a hearing this month on exploits of the company’s software that resulted in hackers obtaining U.S. government officials’ emails.

Politicians regularly request that technology companies send their leaders to Washington. The CEOs of Alphabet, Meta and TikTok have all answered questions from members of Congress in recent years. Microsoft, the world’s most valuable public company, sells subscriptions to email software that’s pervasive in business and government, making it an obvious target for hackers.

A proposed hearing before the House Committee on Homeland Security, at 10 a.m. ET on May 22 in Washington, would go over Microsoft’s response to China’s breach of U.S. government officials’ email accounts, which the company disclosed last summer. The attack involved accounts belonging to Commerce Secretary Gina Raimondo, the Rep. Don Bacon, R-Neb., and Nicholas Burns, the U.S. ambassador to China.

But Smith might not necessarily show up at the time the committee asked about in a letter it sent him on Thursday.

“We’re always committed to providing Congress with information that is important to the nation’s security, and we look forward to discussing the specifics of the best time and way to do this,” a Microsoft spokesperson told CNBC in an email on Thursday.

Last month, the Cyber Safety Review Board said in a 34-page report on the attack that “Microsoft’s customers would benefit from its CEO and board of directors directly focusing on the company’s security culture.”

Microsoft CEO Satya Nadella directed employees to put security first in a memo last week. The company announced operational changes that address shortcomings that the independent federal board identified in the report.

Charlie Bell, executive vice president for security, said the Microsoft would “improve the accuracy, effectiveness, transparency, and velocity of public messaging and customer engagement” after the board expressed concern about the company not correcting an error in a corporate blog post for months.

In January, Microsoft reported another cyberattack. This time, Russian intelligence gained access to some of the company’s top executives’ email accounts.

Committee chairman Mark Green, R-Tenn., and Bennie Thompson, D-Miss., said in their letter inviting Smith to the hearing that they were encouraged by the company’s plans to overhaul its security practices. But they said the company’s failure to stop attacks put Americans at risk.

“Given the gravity of the issues discussed above and the need for thorough examination and oversight, it is critical that you appear before the committee,” Green and Thompson wrote.

WATCH: Microsoft needs to prioritize security over feature development: Former CISA Director Chris Krebs

Microsoft needs to prioritize security over feature development: Former CISA Director Chris Krebs

Continue Reading

Trending