Tesla CEO Elon Musk Kicks off Surprise Trip to Beijing, Sources Say

Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. (Reuters)
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. (Reuters)
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Tesla CEO Elon Musk Kicks off Surprise Trip to Beijing, Sources Say

Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. (Reuters)
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. (Reuters)

A private jet linked to Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.

Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said.

Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

The US electric vehicle maker rolled out FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China despite customers urging it to do so.

Musk said this month Tesla may make FSD available to customers in China "very soon", in response to a query on social media platform X.

Rival Chinese automakers such as Xpeng have been seeking to gain an advantage over Tesla by rolling out similar software.

Musk's visit to China was not flagged publicly and the people spoke on condition of anonymity because they were not authorized to speak with media. Tesla did not respond immediately to a request for comment.

The trip came just over a week after he scrapped a planned visit to India to meet with Prime Minister Narendra Modi, citing "very heavy Tesla obligations."

The company said this month it would lay off 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs led by Chinese brands.

LANDED IN BEIJING

A Gulfstream private jet with tail number N272BG, which is registered to Falcon Landing, a company connected to SpaceX and Tesla, landed at Beijing Capital Airport on Sunday at 0603 GMT, according to Chinese flight tracking app Flight Manager.

The other jet registered under Falcon Landing is N628TS, which is Musk's main jet that he used to travel to China on his last trip nearly a year ago, when he met with Chinese government officials in Beijing and visited Tesla's Shanghai factory.

Tesla has sold more than 1.7 million cars in China since it entered the market a decade ago and the Shanghai factory is its largest globally.

Musk's visit coincides with the Beijing autoshow, which opened last week and ends on May 4. Tesla does not have a booth at China's largest autoshow and last attended in 2021.

GM CEO Mary Barra made an unannounced visit to the show in the world's biggest auto market on Friday, according to two people with knowledge of her schedule. GM did not immediately respond to a request for comment.

Also on Friday, Grace Tao, Tesla's vice president in charge of external relations in China, published a commentary on the social media account of state media outlet People's Daily, arguing that autonomous driving technologies would be the new growth engine for EV industry.

Tao said in the article that Tesla was leading autonomous driving research and development with its "end-to-end neural network" technology and data collected from millions of cars on the road.

China's complicated traffic conditions with more pedestrians and cyclists than in many other markets provide more scenarios that are key for training autonomous driving algorithms at a faster pace, according to industry experts.

Musk said last week Tesla would introduce new, cheaper models using its current EV platforms and production lines and would offer a new "robotaxi" with self-driving technology. He said in a post on X this month that he would unveil the robotaxi on Aug. 8.

Tesla shares are down almost a third since the start of the year as concerns have grown about the EV maker's growth trajectory. Last week, Tesla reported its first decline in quarterly revenue since 2020 when the COVID-19 pandemic slowed production and deliveries.



Foxconn Logs Quarterly Net Profit Jump on AI Demand

FILE PHOTO: A signage at Foxconn booth at the International Automobile & Motorcycle Parts & Accessories Show (AMPA) trade show in Taipei, Taiwan, April 14, 2026. REUTERS/Edgar Su/File Photo
FILE PHOTO: A signage at Foxconn booth at the International Automobile & Motorcycle Parts & Accessories Show (AMPA) trade show in Taipei, Taiwan, April 14, 2026. REUTERS/Edgar Su/File Photo
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Foxconn Logs Quarterly Net Profit Jump on AI Demand

FILE PHOTO: A signage at Foxconn booth at the International Automobile & Motorcycle Parts & Accessories Show (AMPA) trade show in Taipei, Taiwan, April 14, 2026. REUTERS/Edgar Su/File Photo
FILE PHOTO: A signage at Foxconn booth at the International Automobile & Motorcycle Parts & Accessories Show (AMPA) trade show in Taipei, Taiwan, April 14, 2026. REUTERS/Edgar Su/File Photo

Taiwanese tech hardware giant Foxconn on Thursday announced a 19-percent jump in quarterly net profit as the booming market for artificial intelligence servers drives growth, despite geopolitical uncertainty.

Foxconn, whose official name is Hon Hai Precision Industry, has gone beyond assembling low-margin iPhones to making AI servers for Nvidia, along with electric vehicles and robots.

Soaring global demand for generative AI tools is boosting business for Foxconn, even as the war in the Middle East has threatened supply chain volatility.

On Thursday the company said net profit for January-March came to NT$49.9 billion (US$1.6 billion), up from NT$42.1 billion in the same period the previous year.

The figure beat estimates of $48.4 billion in a Bloomberg survey of analysts, AFP reported.

Foxconn said it expects "strong demand for AI servers" to continue this year, forecasting "high double-digit quarter-on-quarter growth" for AI rack shipments in the second quarter.

When the company reported its annual results in March, chairman Young Liu had shrugged off concerns that market volatility caused by global conflict would dent profits.

Taiwanese contract chipmaker TSMC has also said it does not expect geopolitics to impact its supply of key materials such as helium and hydrogen in the near term.

On Wednesday, some of Foxconn's factories in North America suffered a cyberattack, according to a company statement.

"The affected factories are currently resuming normal production," after a response from the cybersecurity team, said the statement dated Wednesday afternoon in Taiwan.

TechCrunch and other media outlets reported that ransomware gang Nitrogen had claimed responsibility for the hack on the dark web.


Meta Launches WhatsApp ‘Incognito’ Mode to Address Privacy Concerns for AI Chats

A WhatsApp icon is displayed on an iPhone, Nov. 15, 2018, in Gelsenkirchen, Germany. (AP)
A WhatsApp icon is displayed on an iPhone, Nov. 15, 2018, in Gelsenkirchen, Germany. (AP)
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Meta Launches WhatsApp ‘Incognito’ Mode to Address Privacy Concerns for AI Chats

A WhatsApp icon is displayed on an iPhone, Nov. 15, 2018, in Gelsenkirchen, Germany. (AP)
A WhatsApp icon is displayed on an iPhone, Nov. 15, 2018, in Gelsenkirchen, Germany. (AP)

Meta Platforms said Wednesday it is rolling out an “incognito” mode for WhatsApp users to have private conversations with its AI chatbot, a move intended to ease privacy concerns about sensitive information that users share in chats.

The social media company said in a blog post that incognito chat mode provides a way to have private, temporary conversations with Meta AI, its artificial intelligence assistant that's been available on WhatsApp for a few years.

Messages will be processed in a “secure environment" that even Meta can't access, won't be saved by default and will disappear when exiting a session, Meta said.

Generative AI systems have been dogged by privacy concerns because the large language models that underpin these systems are trained on vast troves of data, sometimes including personal information provided by users themselves in their conversations with AI chatbots.

Rival chatbot makers already have some privacy features. Google's Gemini chatbot has the option to disable chat history and opt out of allowing one's data to be used in training its AI models. ChatGPT has similar controls.

Meta says it's rolling out incognito chats because users often ask chatbots sensitive questions or include private financial, personal, health or work data in their questions.

“We’re starting ask a lot of meaningful questions about our lives with AI systems, and it doesn’t always feel like you should have to share the information behind those questions with the companies that run those AI systems,” Will Cathcart, Meta’s head of WhatsApp, told reporters.

Incognito chat mode has safety features to prevent the chatbot from answering questions about harmful topics, Cathcart said.

It will “steer the user towards helpful information if it can and then refuse (to answer) and eventually even just stop interacting with the user completely,” Cathcart said.

Users will only be able to type in questions and get text responses; they won't be able to upload or generate images. They'll also have to confirm their age because Meta doesn't allow users under 13 on its platforms.


Singapore Needs to Attract AI Giants, Growth Committee Says

FILE - A view of the Port of Singapore Authority's Pasir Panjang Terminal is pictured on July 25, 2023. (AP Photo/Anton L. Delgado, File)
FILE - A view of the Port of Singapore Authority's Pasir Panjang Terminal is pictured on July 25, 2023. (AP Photo/Anton L. Delgado, File)
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Singapore Needs to Attract AI Giants, Growth Committee Says

FILE - A view of the Port of Singapore Authority's Pasir Panjang Terminal is pictured on July 25, 2023. (AP Photo/Anton L. Delgado, File)
FILE - A view of the Port of Singapore Authority's Pasir Panjang Terminal is pictured on July 25, 2023. (AP Photo/Anton L. Delgado, File)

Singapore must take action to attract leading AI firms and also build on its status as a major energy hub, a committee set up to chart new areas of growth and create jobs said in recommendations submitted to the government on Wednesday.

The proposals come as the city-state bets on artificial intelligence to transform its economy and its workforce, and as geopolitical tensions like the Iran war threaten to undermine growth and ⁠raise inflation.

Following are ⁠some of the recommendations made by the committee:

The committee said Singapore should respond to the difficult global environment by sharpening its value proposition and build agility and adaptability.

Singapore should persuade leading industries to "anchor" in the ⁠country, building on its role as a key node in supply chains for industries like semiconductors.

Promising sectors include quantum technologies and space technologies, which leverage existing capabilities in semiconductors, advanced manufacturing, aerospace and satellite systems, the committee said.

Singapore should also aim to be a "trusted hub" where AI is developed, tested and deployed, and could do this by attracting leading ⁠AI ⁠companies and talent.

Singapore should build on its role as an energy hub and build capabilities in emerging domains such as liquefied natural gas trading, as well as in hydrogen, ammonia, and sustainable aviation fuels.

Deputy Prime Minister Gan Kim Yong delivered a speech addressing the recommendations at a business federation conference on Wednesday.

He said, "In a changed world, Singapore cannot assume that yesterday's strengths will automatically become tomorrow's place."