Markets
Why ordinary investors struggle to buy into the robotics boom
Most of the companies building the robots of the future are still private, leaving ordinary investors with limited options such as Tesla, diversified industrial groups or new vehicles like RoboStrategy, a Nasdaq-listed fund whose shares trade at more than twice the value of its assets.
Business
Five million robots now work in factories as humanoid hype is tested
Over five million industrial robots now work in factories worldwide, the highest total ever recorded, even as Boston Dynamics shelves a stock listing and Chinese regulators slow a rush of humanoid IPOs, showing a widening gap between practical machines and the humanoids capturing headlines.
Business
From $500 to $1tn: How Elon Musk built his fortune
From a video game sold for $500 (€430) as a teenager to a business empire spanning rockets, electric vehicles, AI and brain implants, Elon Musk has spent decades building companies that have reshaped multiple industries. Here's a look at the businesses behind the world's richest man.
Tech News
‘Not OK to steal a charity’: Elon Musk testifies in OpenAI trial
In his opening statement, Musk’s lawyer, Steven Molo, said Altman and Brockman, with Microsoft’s help, had taken control of a charity “whose mission was the safe, open development of artificial intelligence”. Musk is seeking damages and Altman’s removal from OpenAI’s board.
Switzerland
Elon Musk predicts robot-majority future in first Davos appearance
The South Africa-born tech billionaire made his debut at the world's top political and economic summit in the Swiss Alps, telling the World Economic Forum that robots will outnumber people and AI will surpass human intelligence.