Elon Musk teases ‘Master Plan 3’ to be unveiled at Tesla Investor Day

Elon Musk is set to unveil his third master plan to the world on March 1.

The CEO of Tesla/SpaceX/Boring Company/Twitter announced on Twitter that “Master Plan 3” will be announced at Tesla’s Investor Day on March 1. According to the post, the event will be held at Giga Texas, Tesla’s manufacturing facility in the state. Musk says the plan will be “the path to a fully sustainable energy future for Earth,” adding that “the future is bright!”

Musk has been teasing “Master Plan 3” since March of last year. In response to someone expressing excitement about the plan, Musk responded by saying “Tesla’s key issues are going to grow to the extreme size required to lead humanity away from fossil fuels and AI.” But I will also add sections on SpaceX, Tesla and The Boring Company.

If you’re wondering what the previous master plans were, here’s a quick breakdown. As Musk summed it up, Master Plan 1, announced in 2006, consisted of:

  • Building a low-volume car that was bound to be expensive
  • Use this money to develop a mid-size car at a lower price
  • To use THE Money to build an affordable high-volume car
  • provide solar energy. No kidding, this has been on our site for literally 10 years.

Masterplan 2, which Musk dubbed Part Deux and launched in 2016, consisted of:

  • Build stunning solar rooftops with seamlessly integrated battery storage
  • Expand the electric vehicle product line to address all key segments
  • Through massive fleet learning, develop self-driving skill 10 times safer than manual driving
  • Let your car earn you money when you’re not using it

Tesla is likely to stream Investor Day on March 1, but the company has yet to add a placeholder video to YouTube. Keep your eyes peeled because it would be weird if it didn’t come.

Musk’s announcement comes weeks after the CEO revealed the Cybertruck won’t go into mass production until 2024.

Source: bgr.com

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Apple has a plan to fix Mac games – but will it work?

If you’re a gamer, there’s one truth that seems obvious: Macs aren’t good gaming machines. However, a new interview suggests Apple wants to overturn that conventional wisdom.

When TechCrunch’s Matthew Panzarino spoke with Tim Millet, Apple’s vice president of platform architecture and hardware technologies, and Bob Borchers, the company’s vice president of global product marketing, he said: asked what Apple was doing to improve the situation for Mac gamers. Their responses shed a lot of light on how Apple sees the future of gaming on its platforms.

Dan Baker/Digital Trends

On the one hand, Millet said that Apple understands the challenge it faces when it comes to convincing gamers to switch to its systems: “Gamers are a serious bunch. And I don’t think we’re going to fool anyone that we’re going to make Mac a great gaming platform overnight. We’ll be keeping an eye on it for a long time. »

Millet explained that Apple is trying to make it as easy as possible for developers to port their games to macOS by improving its own Metal graphics API. When developers have an out-of-the-box API that supports everything modern games need, porting games to Mac will seem more appealing. That’s the hope anyway, but big name games like Resident Evil Village show it’s possible.

As Millet said, “My team spends a lot of time thinking about how to make sure we stay on that API curve to make sure we’re giving Metal what it needs to be a modern gaming API. “We know it will take some time. But we’re not at all confused about the opportunity; we see that. And we’ll make sure to show up.”

Break the cycle

But while software is only one side of the equation, hardware must also be considered. Apple’s silicon has made gaming a much more viable prospect than Intel’s chips in previous Macs, but Millet says there’s another aspect to consider.

“Game developers have never seen 96 gigabytes of graphics memory now available on the M2 Max. I think they are trying to explore it because the possibilities are unusual. It’s an ‘interesting opportunity’ for developers , he says, and leaves plenty of room to push the boundaries in the future. But that could be one reason why AAA games have taken their time getting to the Mac, even when Apple Metal and Silicon come into play. .

Right now, Mac gaming suffers from a vicious cycle that seems hard to break. Gamers are hesitant to switch because many well-known titles don’t work on Mac. Developers are being held back because the Mac gamer base is weak. Each problem feeds the other.

If Millet and Borchers are right and Apple can convince more developers to bring their work to the Mac, the best Mac games could have a new heavyweight title company. Mac gamers hope this doesn’t end in misplaced optimism.

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Source: www.digitaltrends.com

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Canada’s Pension Plan CEO John Graham predicts ‘alpha’ investors will outperform over the next decade

John Graham, President and CEO of the Canada Pension Plan Investment Board, speaks during the Annual General Meeting and Convention of the Canadian Chamber of Commerce in Ottawa on October 14, 2022. Sean Kilpatrick/The Canadian Press

With 2023 set to be another volatile year for investors, the managing director of the Canada Pension Plan Investment Board, John Graham, is in a picky mood.

The CEO of the $529 billion pension fund manager sees 2022 – marked by COVID-19 lockdowns, Russia’s invasion of Ukraine, supply chain disruption, high inflation and the rising interest rates – in the rearview mirror.

The new year doesn’t look much easier at first. But in an interview at CPPIB’s Toronto office, Graham predicted that 2023 could mark a shift to a different investment landscape where the pension plan asset manager could leverage its financial clout and its global reach.

He calls it the start of the “alpha decade” – a time when active investors, with the luxury of choice of country, company and asset, should be able to beat benchmarks and to distinguish oneself.

Over the past 20 years, Graham says, investors of all persuasions have largely benefited from a series of tailwinds that have benefited the global economy. These included cheap lending rates, low inflation and, in hindsight, a relatively supportive political environment. Combined, these factors have created a rising tide for investors, and passive investing strategies have grown in popularity.

As each of these factors has reversed, investors are reassessing risk, deals are harder to come by, and financing is not always readily available. Investors are suddenly taking more diverse approaches to allocating their money. And with government bonds offering generous yields for the first time in years, “there are options now,” Graham said.

Canada’s largest pension plans are increasingly investing in offshore wind projects

“We see the next decade as the decade of value creation, the decade of alpha,” he said. “Because of this tailwind, simply harvesting market returns has been a very successful strategy over the past 20 years. And right now it’s all about choosing your spots. It’s about choosing the right regions, the right asset classes and the right stocks.

In the long run, he added, “it actually offers the opportunity to build a bit more interesting portfolio.”

The CPP administers funds for the Canada Pension Plan, the main national pension program for Canadian workers, which has approximately 21 million contributors and beneficiaries. Since its inception in 1997, CPPIB has taken an increasingly active management approach, shifting more of its investments into assets such as real estate, infrastructure and private equity in addition to stocks and bonds. public bonds.

The first six months of CPPIB’s fiscal year were challenging, with assets down 4% to $529 billion as of September 30. This is a better result than some relevant benchmarks, as the sell-offs caused some stock markets to fall by double-digit percentages.

Over the past 10 years, CPPIB has returned an average of 10.1% per year.

Prior to being named chief executive in 2021, Graham led CPPIB’s lending business, which includes private loan investments in businesses that are beginning to feel the effects of rising interest rates. Much has been made of the valuation gap between listed assets, which in many cases have fallen sharply, and private assets, which have been slower to adjust. But Mr Graham said the Office has been ‘fairly disciplined’ in assessing its portfolios against the markets and does not expect deep discounts ‘based on what I see now’.

He also said many businesses are responding well to the higher borrowing costs that come with rising interest rates. “So far we haven’t seen a lot of stress to be honest. Many companies are doing well.

Despite the many challenges rocking the markets, he also listed some positive signals that are boosting investor sentiment: a reopening in China after the draconian COVID-19 lockdowns, a gradual drop in inflation, a relatively warm winter in Europe , easing pressure on energy supplies and a strong start to the year for stock markets.

However, Mr Graham said the economic dynamics shaping the global investment landscape are more complicated than they have been in recent years. “There is now a national security lens, a national interest lens, applied to economic and industrial policy. It’s not just about maximizing profits. There are other factors at play,” Graham said.

In this regard, he said it was particularly important to be “a bit surgical” when it comes to prioritizing countries and knowing how to invest there, including which sectors to focus on. The Office has eight offices outside of Toronto, from New York and London to Hong Kong and Mumbai.

“Our appetite for a particular country comes and goes based on the opportunities we see at this point,” Graham said. “For now, we are quite comfortable with our exposure to emerging markets.”

Source: www.theglobeandmail.com

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