Tesla’s Shanghai Megafactory in Lingang is on track for completion by the end of 2024, with production anticipated to start in the first quarter of 2025, underscoring the company’s commitment to rapid expansion in energy storage manufacturing.
When Masayoshi Son made a surprise appearance at Mar-a-Lago alongside Donald Trump last week, the founder of Japan’s SoftBank Group vowed to invest a stunning US$100 billion in the US over the next four years. The president-elect joked that perhaps SoftBank would like to double that target to US$200 billion. Not to be outdone, Son replied with a wide smile, “I will really try.”
South Korea’s parliament passed the “Act on the Development of Artificial Intelligence and Establishing a Trustworthy Foundation” (AI Basic Act) on December 26, 2024, establishing a comprehensive regulatory framework as the country aims to position itself among the world’s top three AI leaders by 2027.