Name: Tesla debuts second-gen humanoid robot 'Optimus' at 2024 World AI Conference in Shanghai | ANC
Uploaded: 2024-07-08T07:06:45.000Z
Duration: 5 min 12 s
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Sophisticated tech on display at the 2024 World AI Conference in Shanghai.

The conference provided a stage for 25 humanoid robots, including Teslas.

Basic passive voice

The EV maker showed off Optimus, its second-generation humanoid robot, which is equipped with a self-developed neural network and computer vision technology.

Optimus is able to walk autonomously, recognize objects and even fold clothes.

During the Expo's kick-off on Thursday, Chinese Premier Li Xiang said Beijing is willing to work with other countries to enable AI to better serve global development and enhance lives.

And as a highlight of the conference, China issued the Shanghai Declaration on Global AI Governance, which sets a global agenda for AI development, security and governance.

They are seeing one-week highs after the election in the UK went as expected, with a win for the opposition Labour Party.

The German DAX up seven-tenths of a percent, while London's FTSE 100 has seen spared gains, as reality sets in of the end of the Conservative Party's 14-year rule.

Before leaving for Buckingham Palace to submit his resignation to the king, outgoing Prime Minister Rishi Sunak faced the public in Downing Street to apologize for the election loss.

Sunak's Conservatives suffered the worst performance in the party's long history, as voters punished them for a cost-of-living crisis, failing public services and a series of scandals.

To the country, I would like to say first and foremost, I am sorry.

But you have sent a clear signal that the government of the United Kingdom must change, and yours is the only judgment that matters.

I have heard your anger, your disappointment, and I take responsibility for this loss.

Sunak's successor, meanwhile, vowed to rebuild Britain, saying change begins now.

We said we would end the chaos, and we will.

We said we would turn the page, and we have.

Today, we start the next chapter, begin the work of change, the mission of national renewal, and start to rebuild our country.

Four and a half years of work, changing the party, this is what it is for.

A changed Labour Party, ready to serve our country, ready to restore Britain to the service of working people.

Over on Wall Street, futures are pointing to a muted open as the U.S. market returns from the Fourth of July holiday.

We're monitoring shares of Shell, which has announced it will take an impairment charge of up to $2 billion linked to its Singapore and Rotterdam plants.

Also in Focus, shares of HSBC, after Bloomberg News reported, French bank BNP Paribas and Swiss lender UBS are interested in buying the British Bank's wealth management unit.

We're also keeping a close watch on mining Glencore and tech resources.

The Canadian government has approved Glencore's acquisition of tech's steel-making coal unit to preserve jobs.

Glencore shares last traded higher by 1%, while tech shares rose 3% in pre-market trading.

Bitcoin gears up for its biggest weekly fall in over a year as the now-defunct Mt.

Gox exchange distributes around US$9 billion in owed funds.

The Japan-based exchange announced it has started repaying creditors after a devastating collapse in 2014.

This triggered Bitcoin to slide by as much as 8% Friday, landing at a little over $54,000.

As a whole, the cryptocurrency market shed over $170 billion in combined market capitalization in the past 24 hours.

The Ninoy Aquino International Airport is set to implement higher terminal fees by next year.

Transport chief Jaime Bautista says the fees may rise to P950 from the current P550.

This is as a consortium led by San Miguel Corporation undertakes a P170 billion rehabilitation of the gateway.

Bautista explains they need to compensate the concessionaire's investments.

 But he assures the public it will result in increased efficacy for the airport and a more comfortable experience for passengers.