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Tesla CEO Elon Musk unveils ‘Cybercab’ robotaxi

Analysts and industry experts said establishing robotaxis could take years, particularly due to ensuring safety and reliability. They pointed to accidents as well as the difficulty the technology has responding to scenarios such as inclement weather, complex intersections and pedestrian behavior.

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Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from low-priced mass-market cars to robotic vehicles.

At a glitzy unveiling, Musk reached the stage in a “Cybercab” to be produced from 2026 – eventually in high volume – and priced under $30,000. He then introduced the robovan which can carry up to 20 people though offered few further details, Reuters reported.

But Musk, who has a record of missing projections – and himself said he tended to be optimistic with time frames – did not say how quickly Tesla could ramp up robotaxi production, clear inevitable regulatory hurdles or implement a business plan to leapfrog robotaxi rivals such as Alphabet’s Waymo.

Analysts and industry experts said establishing robotaxis could take years, particularly due to ensuring safety and reliability. They pointed to accidents as well as the difficulty the technology has responding to scenarios such as inclement weather, complex intersections and pedestrian behavior.

But Musk, wearing a leather-jacket and addressing crowds at the Warner Bros studio near Los Angeles, said autonomous cars could be 10 times safer than humans and drive five to 10 times longer.

“The autonomous future is here,” Musk said. “With autonomy, you get your time back.”

Musk had previously said he planned to operate a fleet of self-driving Tesla taxis that passengers can hail through an app. Individual Tesla owners would also be able to make money on the app by listing their vehicles as robotaxis, he had said. He made no mention of the app at Thursday’s event.

The event – titled “We, Robot” in an apparent nod to the “I, Robot” science-fiction short stories by American writer Isaac Asimov – echoed Musk’s comment that Tesla “should be thought of as an AI robotics company” rather than an automaker.

It started after a delay of nearly an hour which Musk attributed to a medical emergency involving an attendee. The presentation, months in the making, lasted for less than half an hour and was watched by about four million people on Musk’s X social media platform alone.

“I’m a shareholder and pretty disappointed. I think the market wanted more definitive time lines,” said equity trader Dennis Dick at Triple D Trading. “I don’t think he said much about anything.”

Running the Cybercab will cost 20 cents a mile over time and charging will be inductive, requiring no plugs, Musk said. Operating the robovans will be even cheaper – at 5 cents a mile.

The vehicles will rely on artificial intelligence and cameras rather than hardware common among robotaxi rivals, he said, such as lidar – an approach experts have flagged as challenging both from a technical and regulatory stand point.

Beyond vehicles, Musk touted “a lot of progress” made with its humanoid robot “Optimus” that could eventually be priced at $20,000 to $30,000 and which can perform many daily tasks.

TOUGH TO CRACK

Musk said in 2019 he was “very confident” Tesla would have operational robotaxis by 2020. This year, he diverted focus to the Cybercab and scrapped plans to build a smaller, cheaper car widely seen as essential to countering slowing EV demand.

Tesla is at risk of posting its first-ever decline in deliveries this year as buying incentives have failed to attract enough customers to its aging EV lineup, showed Reuters calculations based on third-quarter earnings. Price cuts meant to offset high interest rates have also squeezed profit margins.

Several companies attempting to crack the robotaxi market have suffered billion of dollars in loss, forcing some to shut shop.

Alphabet’s Waymo, with about 700 Jaguar Land Rover cars in its fleet, is the only U.S. firm operating uncrewed robotaxis that collect fares.

Amazon’s Zoox is testing purpose-built vehicles that resemble toaster ovens on wheels and lack manual controls. General Motors’ Cruise, which uses the Chevrolet Bolt EV, this year indefinitely suspended plans to develop its self-driving “Origin” without controls.

Tesla’s approach to full self-driving technology, in its current iteration, requires constant driver attention but keep costs down. It has, however, faced legal scrutiny with at least two fatal accidents involving the technology.

“We do expect to start fully autonomous unsupervised FSD in Texas and California next year.” Musk said. “That’s with the Model 3 and Model Y.”

He did not say whether the Cybercab uses FSD or new technology.

“Musk did a fantastic job of painting an ideal future for transportation that promises to both free up our time and increase safety,” said Jessica Caldwell, head of at car research and buying website Edmunds. “But many questions remain about how this will be achieved from a practical standpoint.”

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Astronomers discover white dwarf surrounded by two rings of planetary debris

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Astronomers have discovered a white dwarf star surrounded by two distinct rings of planetary debris, offering new insights into what may happen to planetary systems, including our own, when their host stars reach the end of their lives.

The star, identified as J1328−1450, is located about 1,600 light-years from Earth in the constellation Virgo. Observations made using the European Southern Observatory’s Very Large Telescope in Chile revealed an unusual arrangement of dust and gas around the star.

According to researchers, the debris appears to form two separate rings, a structure not previously observed around any of the 21 white dwarfs known to have surrounding planetary debris.

The scientists believe that two relatively large rocky bodies may have survived the star’s transformation into a white dwarf and could be responsible for shaping the surrounding material. One of these objects may be roughly the size of Pluto, while the other is smaller.

Researchers say the discovery provides further evidence that some rocky planetary bodies can survive the dramatic changes that occur when a star exhausts its fuel and expands into a red giant.

The findings, published in the journal *Nature Astronomy*, suggest that the original star may once have hosted a planetary system. During its expansion, it likely engulfed some of its innermost planets, while more distant objects survived.

Over time, gravitational forces may have pulled some of these surviving bodies closer to the white dwarf, tearing them apart and scattering their material into surrounding rings of dust and gas.

Astronomers also found differences in the chemical composition of the two rings, particularly in their magnesium content, suggesting that they may have originated from different rocky bodies or from different layers of a disrupted object.

The discovery could offer a glimpse into the distant future of our own solar system. Scientists estimate that in about five billion years, the Sun will expand into a red giant before shedding its outer layers and becoming a white dwarf.

During this process, Mercury and Venus are expected to be engulfed, while the fate of Earth remains uncertain. More distant planets, including Jupiter and Saturn, are expected to have a greater chance of surviving.

Researchers say that, after the Sun becomes a white dwarf, surviving planets, moons and asteroids could also be pulled towards it and broken apart by its intense gravitational force.

They suggest that the newly observed system may represent one possible stage in the far-distant future of our solar system.

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Binance says it has covered $6 billion of $6.3 billion stolen in hack

The US Federal Bureau ⁠of Investigation (FBI) said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.

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Binance, the world’s biggest cryptocurrency exchange, said it has covered $6 billion ‌of the $6.3 billion stolen from its platform by using company money to buy replacement tokens, after a hack that US officials said was carried out by a North Korean state-sponsored unit known as TraderTraitor.

“We had already covered $6B of the impacted amount of the hacked loss,” Binance said on X on Saturday, after saying ​earlier that it had covered 90% of the stolen funds, Reuters reported.

The remaining amount, now less than 10%, consists of assets that are ​less liquid and may take longer to source in the required amounts, according to Binance.

The US Federal Bureau ⁠of Investigation (FBI) said on Saturday the North Korean state-sponsored unit known as TraderTraitor was responsible for the attack.

North Korea has for years ​denied using state-linked cyber units for espionage, financial theft and revenue. Its mission in Geneva and embassy in China did not respond to ​requests for comment.

Members of the unit were observed by law enforcement converting stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding that it expects “further laundering” of the assets through the use of related technology.

Analysts had previously blamed North Korea and said it could be the largest financial heist of all ​time.

Binance has been working with industry partners to freeze some of the affected assets, with about $3 billion located as of Friday.

The company has ​repeatedly said it would bear the financial impact of the funds stolen in the hack.

The money spent re-buying tokens came from using part of its $1 ‌billion Secure ⁠Asset Fund for Users (SAFU), a bitcoin reserve it holds to protect customers in the event of security breaches, as well as some of its Futures Insurance Fund, and the company’s own corporate treasury, it said on X.

Co-CEO Yi He said on Saturday that 50% of its SAFU funds would be used, while the company said it was committing to replenishing the fund to return it to about $1 billion.

Crypto prices fell on Friday, ​while Binance sought to reassure ​customers that their funds were safe ⁠after the hack.

Co-CEO Richard Teng had said that the breach was a “complex attack” involving a compromised laptop and malicious software designed to delete evidence of its activity, making it harder to trace and investigate.

After the ​hack, the exchange stopped allowing customers to withdraw their funds, but it said on Saturday it was ​still on track ⁠to reopen withdrawals on Sunday.

Withdrawals were not open as of 02:50 GMT on Sunday.

Binance said it has set aside around $6.34 billion of company funds internally to cover the losses.

Binance also said it had taken a new snapshot of assets held on its platform as of 0000 GMT on October ⁠31, as ​part of its proof-of-reserves process.

Users holding the 10 listed tokens — BTC, ETH, USDT, BNB, ​SOL, USDC, XRP, USD1, RLUSD, and ZEC — would be able to verify that their assets were backed at a minimum ratio of 1:1 once the full proof was available, ​it said.

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Governments take websites offline as critical cyber flaws trigger global alert

Security patches were released prompting authorities to urge organisations to update affected systems immediately or take vulnerable services offline until they could be secured.

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Governments and organisations across Europe and beyond have taken websites and online services offline after the discovery of two critical vulnerabilities in widely used web software triggered an international cyber-security alert.

The vulnerabilities affect PHP, a programming language used extensively to operate websites and online applications. Attackers could potentially exploit the flaws to execute malicious code remotely on vulnerable servers, threatening sensitive information and digital infrastructure.

Security patches were released on Wednesday, October 21, prompting authorities to urge organisations to update affected systems immediately or take vulnerable services offline until they could be secured.

The Netherlands, Finland, France, Belgium and Germany have also reported precautionary shutdowns affecting government websites and other public-facing services.

In the Netherlands, affected platforms included Overheid.nl, MijnOverheid.nl and DigiD. The country’s National Cyber Security Centre also temporarily took its own website offline.

Finland’s state IT services provider, Valtori, suspended public government web services as a precaution, while France’s Interior Ministry temporarily took the websites of local administrative authorities offline.

In Belgium, the Foreign Ministry took its websites offline amid concerns about potential exploitation, although the country’s cybersecurity centre said it had not observed attacks on Belgian websites at the time.

Germany’s federal IT service provider also temporarily disabled several websites, with officials saying the measure was precautionary and no security incidents were known to have occurred.

The disruption extended beyond government agencies. Websites and online services belonging to hospitals, educational platforms and other organisations were also affected, highlighting the potential reach of vulnerabilities in widely deployed software.

In Australia, the Australian Cyber Security Centre’s website, cyber.gov.au, was among the government services affected by the security alert. Australian authorities said they were not aware of active exploitation of the vulnerabilities.

In the United States, the National Security Agency and other cybersecurity authorities urged organisations to prepare for immediate updates and take vulnerable systems offline if they could not be secured promptly. The Wikimedia Foundation, which operates Wikipedia, also took some systems offline as a precaution while addressing the flaws.

Cybersecurity company Cloudflare reported seeing early attacks associated with the vulnerabilities, although reports of exploitation do not establish that every affected organisation suffered a breach.

The incident highlights the risks created by the internet’s reliance on shared software. PHP is used across a substantial proportion of websites, meaning a single vulnerability can affect organisations in multiple countries and sectors simultaneously.

Security specialists have urged website operators to identify affected systems, install the relevant patches and examine server logs for signs of unauthorised access. Applying an update may prevent further exploitation, but organisations must also investigate whether attackers gained access before their systems were secured.

Authorities have not established that all affected websites were breached. The precautionary shutdowns are intended to reduce exposure while administrators apply fixes and verify that their systems are safe to restore.

The alert has underscored the challenge facing governments and businesses in responding to critical software vulnerabilities that can rapidly become an international security concern.

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