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Why does the world’s richest person need more cash?

Days after agreeing to acquire Twitter for his initial offer of $44 billion, Elon Musk sold off Tesla stock worth nearly $4 billion in the days between November 4 and November 8, the Wall Street Journal.

Last year, Musk became the world’s richest person riding on the stock value of his electric car-making company, Tesla. At its peak price of $410 a piece, Musk’s personal worth reached a never-before figure of $340 billion last year. As we turned into the new year, Tesla stock started shedding the rapid gains, and as 2022 draws to a close, it is now down 45 percent, a Bloomberg report said.

Researchers at Pacific Northwest National Laboratory (PNNL) are studying the atomic-level changes in metals undergoing shear deformation in order to deduce the effects of physical forces on these materials, according to a report by Phys.org published on Monday.

The work could lead to many new and improved applications such as longer-lasting batteries and lighter vehicles.

Baron isn’t done betting on Tesla CEO Elon Musk, even as he dives headfirst into his new Twitter venture. “We have made a lot of money with him,” Baron said, adding that Tesla makes up 40% of his Baron’s Partners fund because his cost is so low at about $13 per share.

“I think in 2025 it [Tesla stock] will be $500 to $600. And in eight to ten years we ought to be somewhere around $4.5 trillion,” Baron said.

Baron agrees with Musk’s recent comments that Tesla could grow to be bigger than Apple and Saudi Aramco combined, which implies a valuation of more than $4 trillion.

Researchers from Tokyo Metropolitan University have engineered a virtual reality (VR) remote collaboration system which lets users on Segways share not only what they see but also the feeling of acceleration as they move. Riders equipped with cameras and accelerometers can feedback their sensations to a remote user on a modified wheelchair wearing a VR headset. User surveys showed significant reduction in VR sickness, promising a better experience for remote collaboration activities.

Virtual reality (VR) technology is making rapid headway, letting users experience and share an immersive, 3D environment. In the field of remote work, one of the major advances it offers is a chance for workers in different locations to share what they see and hear in real-time.

Continue reading “New VR system lets you share sights on the move without causing VR sickness” »

It took two electric trucks to cover a distance of 250 miles.

Remy Oktay, a US engineering student, has successfully completed a test run and is preparing to launch the world’s first electric flight that an electric vehicle will power.

Therefore the EV plane will need to be recharged three times.

Continue reading “In a world-first, an electric-powered plane was charged” »

The Senmenti will continue to accelerate quickly up to a stated top speed of 124 mph.

Two “super-scooters” completely packed with technology and a second outlandish concept that seek to revolutionize conventional chassis design will be on display at this year’s EICMA motorcycle show in Milan, Italy.

Horwin, an Austrian-designed and China-manufactured electric motorbike company, will debut two wild concepts this year at the show, according to an initial review report published by News Atlas on Thursday.

Continue reading “Electric ‘super-scooters’ that go 0-62 mph in 2.8 seconds will soon be unveiled in Milan” »

Los Alamos National Laboratory researchers have developed a novel method for comparing neural networks that looks into the “black box” of artificial intelligence to help researchers comprehend neural network behavior. Neural networks identify patterns in datasets and are utilized in applications as diverse as virtual assistants, facial recognition systems, and self-driving vehicles.

“The artificial intelligence research community doesn’t necessarily have a complete understanding of what neural networks are doing; they give us good results, but we don’t know how or why,” said Haydn Jones, a researcher in the Advanced Research in Cyber Systems group at Los Alamos. “Our new method does a better job of comparing neural networks, which is a crucial step toward better understanding the mathematics behind AI.”

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In the U.S. alone, CO₂ emissions from cremations surpassed 360,000 metric tonnes in 2020.

A French woman has started a strange but environmentally friendly funeral service dubbed ‘Corbicyclette,’ which is French for a bicycle hearse.

An unusual “cargo bike” could shake up the funeral industry in France, Euronews reported on Wednesday.