In other news, Amazon is reportedly in talks with several companies, including Uber, Instacart, and OpenTable, to upgrade Alexa's capabilities. Verily, Alphabet's life sciences subsidiary, is preparing to separate from Google, aiming to become a fully independent company. Meanwhile, Tesla is offering free Supercharging and Full Self-Driving to new buyers to boost end-of-year deliveries. The company's stock rose 7% following a report suggesting that the Trump administration could ease self-driving car regulations.
Key takeaways:
- Elon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Entire federal agencies could potentially be cut.
- Government jobs became an attractive alternative due to layoffs and volatility in the job market in 2022 and 2023. However, these jobs are now potentially at risk due to Musk's cost-cutting efforts.
- Amazon is reportedly in talks with several companies to upgrade Alexa's capabilities, including Uber for ride-hailing, Instacart for grocery shopping, and OpenTable for restaurant reservations.
- Tesla is offering free Supercharging and Full Self-Driving to new buyers as it aims for a record number of end-of-year deliveries. Tesla's stock jumped 7% after a report said Trump could ease self-driving car regulations.