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FT News Briefing
How the Olympics could reshape Paris
Jul 26, 2024
Elon Musk's plans to invest $5 billion in AI create buzz in tech circles. In Venezuela, a political showdown looms as opposition leader Maria Corina Machado challenges Nicolás Maduro. Paris is on the brink of transformation, with the upcoming Olympics prompting significant infrastructure updates. These changes aim to dissolve the historic divide between Paris and its suburbs, fostering cultural unity. Overall, the city is poised for a major reinvention, reshaping its political and social fabric.
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Quick takeaways
- Elon Musk seeks Tesla board approval for $5bn investment in XAI startup, potentially impacting Tesla's future.
- Paris Olympics drive infrastructure updates to bridge cultural divides, promoting suburban integration and challenging centralized norms.
Deep dives
Elon Musk Seeks Tesla Board Approval for Investment in AI Startup
Elon Musk is proposing a $5 billion investment from Tesla's board into his artificial intelligence startup, XAI. Despite recent challenges faced by Tesla, including a hit to quarterly profits and delays in the robo-taxi launch, Musk's proposal won the support on a recent poll. However, questions on potential conflicts of interest arise with Musk diverting Nvidia chips to his other companies. The board's decision on this investment could impact Tesla's future directions.
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