☕️ Tesla is developing a new smaller, cheaper EV

Techpresso··1 min read
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AI Summary

This tech newsletter covers major AI and business developments including Meta's return to frontier AI with Muse Spark, Amazon's $200B spending defense, and Tesla's new cheaper EV project. Other stories include Meta removing social media addiction litigation ads and OpenAI pausing UK data center plans due to energy costs.

Key Facts

✓Meta released Muse Spark, its first frontier AI model from new Superintelligence Labs, marking the company's return to the AI race after a quiet period.
✓Amazon CEO Andy Jassy defended the company's $200B spending plan, revealing AWS AI revenue hit $15B annually and Trainium chips generate $20B+ in value.
✓Tesla is developing a smaller, cheaper electric SUV about 14 feet long for production at its Shanghai factory, distinct from existing Model 3 and Y.

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☕️ Tesla is developing a new smaller, cheaper EV — Techpresso | subtl