Lots has happened this past week in the tech world! With FedEx investing in AI robotics, Tesla making progress with self-driving cars internationally, Abbott introducing its first over-the-counter glucose monitor, and more, there’s much to catch up on. So, let’s get started!
FedEx Invests in AI Robotics
FedEx announced on Thursday that it has invested in Nimble, an AI robotics and autonomous tech company, to support the expansion of its Fulfillment unit, which assists small and medium-sized businesses with order fulfillment and inventory management. As freight demand remains sluggish, parcel delivery companies are increasing their investments in automation to reduce costs and improve efficiency. FedEx stated that this investment will enhance its supply chain capabilities across North America by utilizing Nimble’s automated third-party logistics solutions.
Tesla Makes Progress With Self-Driving Cars
Tesla announced that it plans to launch its “Full Self-Driving” (FSD) driver assistance feature in Europe and China early next year. In a post on the X social media platform, the electric vehicle company, led by Elon Musk, stated that the service—offered as a paid add-on for Tesla customers—is expected to debut in both regions in the first quarter of 2025, pending regulatory approval. Following the update on the international rollout of FSD, Tesla shares jumped 6%.
Abbott Introduces First Over-The-Counter Glucose Monitor
Abbott Laboratories announced on Thursday that its over-the-counter continuous glucose monitor, Lingo, is now available in the U.S., starting at $49. Lingo belongs to a new generation of consumer-friendly biosensors that help users understand how their bodies react to food, exercise, sleep, and stress. These small tech devices, known as continuous glucose monitors, are worn on the skin and provide real-time glucose level readings. While such monitors have traditionally been used by diabetes patients, Lingo is specifically designed for adults who do not take insulin and are looking to improve their overall health and wellness, according to the company’s release.
OpenAI Co-founder Raises $1 Billion for New AI Firm
OpenAI co-founder Ilya Sutskever, who departed the AI startup in May, has raised $1 billion in funding for his new venture, Safe Superintelligence (SSI). In a post on X, SSI announced that its investors include Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel, along with NFDG, an investment partnership co-managed by SSI executive Daniel Gross.
Starlink States Brazil Blocking Is Necessary
Starlink, the satellite internet tech service owned by SpaceX, announced that it will block access to the social network X in Brazil to maintain its operations without risking the loss of its license. Both companies are owned by Elon Musk.
This action follows Brazil’s supreme court decision to block X in the country after it defied court orders and failed to pay fines. X had refused to suspend accounts that posted content the court claimed undermined Brazil’s democratic institutions, as the country prepares for municipal elections in October.
