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The Independent
14 minutes ago
- The Independent
MAGA TV host shares desire to get a massage from Musk's Optimus robots ‘every single night'
Loudon began the segment by noting that Musk has been ranked as the most unpopular figure in the country. Fellow host Steve Gruber said in response that Musk 'has helped create some of the most successful, iconic companies in history, Tesla, SpaceX, all of these things.' 'And look, Gina, I don't know how you are at your house, but I know at my house, I need like three of these Optimus robots,' he added. "Oh, please, yes," said Loudon. 'I need the house swept, the dishes done, the dogs walked, the yard mowed ... the leaves raked, whatever it is," said Gruber. "I think 10 years from now we're gonna have Optimus run around, you know, cooking dinner, walking the dog." "I want massage added to your list of chores of things that we'd like our home robots to do," Loudon interjected. "They need a massage every single night." Last month, the Tesla Diner opened on Santa Monica Boulevard in Los Angeles, staffed by Optimus robots, which handed out popcorn to customers. 'Try it out. Aiming to be a fun experience for all, whether Tesla owners or not. Will keep improving,' Musk wrote on X on July 21. He added that if the diner is successful, Tesla will 'establish these in major cities around the world, as well as Supercharger sites on long-distance routes.' Tesla was given approval in 2023 to go ahead with the construction of the diner. Musk, who departed from the Trump administration and the Department of Government Efficiency earlier this year amid a public falling out with President Donald Trump, has once again set his focus on Tesla, the carmaker that struggled as Musk grew more unpopular as he slashed government agencies. The company is also attempting to expand its fleet of autonomous taxis. Tesla's Robotaxi fleet debuted in Austin, Texas, in June. 'Robotaxi combines our automated driving technology and renowned vehicle hardware design to create a personalized driverless experience that is reliable and convenient,' the Tesla website states. In May, Musk told CNBC that "The only things that matter in the long term are autonomy and Optimus.' The Tesla CEO has said that the robots could bring in as much $10 trillion in revenue as the company attempts to create a market for humanoid robots that can be used in business and regular life, such as caring for children and doing housework.
The Independent
14 minutes ago
- The Independent
OpenAI releases GPT-5, a potential barometer for whether artificial intelligence hype is justified
OpenAI has released the fifth generation of the artificial intelligence technology that powers ChatGPT, a product update that's being closely watched as a measure of whether generative AI is advancing rapidly or hitting a plateau. GPT-5 arrives more than two years after the March 2023 release of GPT-4, bookending a period of intense commercial investment, hype and worry over AI's capabilities. In anticipation, rival Anthropic released the latest version of its own chatbot, Claude, earlier in the week. Expectations are high for the newest version of OpenAI's flagship model because the San Francisco company has long positioned its technical advancements as a path toward artificial general intelligence, or AGI, a technology that is supposed to surpass humans at economically valuable work. It is also trying to raise huge amounts of money to get there, in part to pay for the costly computer chips. OpenAI started in 2015 as a nonprofit research laboratory to safely build AGI and has since incorporated a for-profit company with a valuation that has grown to $300 billion. The company has tried to change its structure since the nonprofit board ousted its CEO Sam Altman in Nov. 2023. He was reinstated days later and continues to lead OpenAI. It has run into hurdles escaping its nonprofit roots, including scrutiny from the attorneys general in California and Delaware, who have oversight of nonprofits, and a lawsuit by Elon Musk, an early donor to and founder of OpenAI. Most recently, OpenAI has said it will turn its for-profit company into a public benefit corporation, which must balance the interests of shareholders and its mission.
Reuters
15 minutes ago
- Reuters
Factbox: Hot or not? How recent high-profile US IPOs have performed
Aug 7 (Reuters) - A surge in equity markets and robust debuts from notable newcomers have fueled renewed enthusiasm for initial public offerings. Design software maker Figma (FIG.N), opens new tab and stablecoin giant Circle (CRCL.N), opens new tab peaked at 333% and 864% above their IPO prices in the days following their debut, highlighting how eager investors are to get behind the companies they think are future winners. Here's how an ETF tracking major newly public stocks has fared against the benchmark S&P 500 (.SPX), opens new tab over the past year: Below is a look at how some of the biggest IPOs in recent years have performed: FIREFLY AEROSPACE (FLY.O), opens new tab: The Northrop Grumman-backed space tech firm upsized its IPO and priced above range to raise $868.3 million. Its stock opened nearly 56% above the IPO price on the Nasdaq. FIGMA (FIG.N), opens new tab: Design software maker Figma raised $1.22 billion in its IPO and ended its first day on the NYSE with an eye-popping gain of 250% in July. Its shares are now trading about 6% higher than where they opened, and 174% higher than the IPO price. CHIME (CHYM.O), opens new tab: The financial technology company priced its IPO above the marketed range, raising $864 million in June. The stock opened 59% higher on debut and is now trading nearly 22% above the IPO price. CIRCLE INTERNET (CRCL.N), opens new tab: The stablecoin issuer raised $1.05 billion in an upsized IPO earlier in June, debuting with a valuation of nearly $18 billion on a fully diluted basis. Its shares more than doubled on day one, closing about 168% above the IPO price. The stock is trading 134% above its price at open. ETORO : Robinhood-rival eToro secured a valuation of $5.64 billion after its shares surged 34% in their Nasdaq debut in May. The stock and cryptocurrency trading platform raised $620 million in an upsized IPO. Its stock has declined 19% since the debut. COREWEAVE (CRWV.O), opens new tab: The AI cloud firm's Nasdaq debut was muted in March, but the stock has jumped nearly three-fold despite opening nearly 3% below its offer price. The Nvidia (NVDA.O), opens new tab-backed company raised about $1.5 billion in its IPO for a valuation of about $23 billion on a fully diluted basis. VENTURE GLOBAL LNG (VG.N), opens new tab: The liquefied natural gas exporter raised $1.75 billion in its offering in January, settling for nearly half the valuation it had aimed for earlier. The company's shares opened nearly 4% below their IPO price in a subdued NYSE debut. They have plunged around 40% since then. SAILPOINT (SAIL.O), opens new tab: The Thoma Bravo-backed identity security company's shares traded flat in their Nasdaq debut, valuing it at $12.8 billion. The stock has since lost nearly 12%. The Austin, Texas-based company raised $1.38 billion in an upsized IPO. ARM HOLDINGS : The chip designer raised $4.87 billion in its offering in September 2023, valuing it at $54.5 billion. It had sought a valuation of as much as $52 billion. The company's shares rose 10% at the open. The stock has more than doubled since then. INSTACART (CART.O), opens new tab: The San Francisco-based company, which is incorporated as Maplebear, was priced at the top end of the marketed range in its IPO. It raised $660 million at a nearly $9.9 billion valuation in September 2023. It had hiked its proposed price range and targeted a valuation of up to $10 billion. The grocery delivery app's stock popped 40% at the open and has since gained about 14%. VIKING HOLDINGS (VIK.N), opens new tab: The cruise operator's IPO raised $1.54 billion in April last year, valuing it at $10.35 billion. It had sought a valuation of as much as $10.8 billion in the offering. Viking's shares opened 9% above their offer price and have more than doubled since. STANDARDAERO (SARO.N), opens new tab: The aircraft maintenance services provider notched a valuation of roughly $8 billion after pricing its offering above range to raise $1.44 billion in October last year. It had initially targeted a valuation of up to $7.69 billion. The Carlyle-backed company's shares began trading 29% above the offer price. They have since lost around 9%. LINEAGE (LINE.O), opens new tab: The cold storage real estate investment trust raised $4.45 billion in its listing in July 2024, at a valuation of more than $18 billion. It had aimed for a valuation as high as $19.16 billion. The company's stock gained 5% in its Nasdaq debut at the open. However, it has fallen 46% below its price at open. REDDIT (RDDT.N), opens new tab: The social media giant fetched $748 million in its IPO in March last year, which valued it at $6.4 billion — the top end of the target range at which it had advertised. Its stock opened 38% above the offer price, and has jumped more than four-fold since. BIRKENSTOCK (BIRK.N), opens new tab: The 250-year-old German sandal maker raised $1.48 billion and was valued at $9.3 billion in its IPO in October 2023, slightly lower than its target of $10 billion. Its shares debuted 11% below their IPO price but have risen 20% since. ** Note: Stock performance since debut is calculated on the basis of the opening trade ** Sources: Filings, LSEG, Reuters' reports
