Economy

The development of electric cars
Continued weak electric car market: "Targeted efforts are required"

The number of newly registered electric cars in Sweden decreased by 15 percent in February compared to the same month last year, new figures from Mobility Sweden show.

The share of rechargeable cars makes up 28 percent of the total number of newly registered passenger cars. That companies accounted for close to eight out of ten electric car registrations "underlines the challenge that the private market faces".

- To reverse this negative trend, targeted efforts from the government are required to stimulate demand for electric cars among private individuals, says the industry organization's CEO Mattias Bergman in the press release.

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BYD is the largest in the world - still small in Sweden

The Chinese giant BYD has overtaken Tesla as the world's best-selling electric car manufacturer. However, the change of throne has not been noticed in Sweden, reports TT.

Elon Musk's company still has a strong position in the Swedish market, despite the ongoing strike conflict with IF Metall.

Tesla's new registrations in Sweden increased by over 200 percent in January compared to the same month last year, according to statistics from Mobility Sweden.

While Tesla's market share amounts to approximately 15 percent, the Chinese competitor's models make up only 2 percent of the Swedish market, writes TT.

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The development of AI

Musk sues Open AI: "Puts profit before the good of humanity"

Elon Musk is suing Open AI because the billionaire believes the company violated the agreement to develop AI technology for the benefit of humanity, not for profit. That's according to a lawsuit filed in a San Francisco court.

According to the filing, CEO Sam Altman and Open AI violate the company's original idea of serving humanity before profits. Musk believes that Open AI's source code has been closed and that the company has now "de facto become a subsidiary of the world's largest tech company: Microsoft".

"Under their new board, they are not only developing, but also refining, an AGI to maximize profit for Microsoft, rather than for the good of humanity," it says, among other things.

Musk believes that Open AI should return to an open source code and that the tech company and Microsoft should be prevented from using the technology to make profits.

Musk was one of the early financiers of Open AI and believes that the original idea for the company was to have a non-profit structure.

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The future of Disney
Disney's grandson backs CEO - gives boot to activists

The grandsons of Disney founders Walt and brother Roy back CEO Bob Iger and the board's work in two open letters addressed to shareholders. At the same time, they give a boot to activist investors who have recently flocked to the stock, writes Reuters.

"Iger has made this company grow in a modern world and he continues to balance creativity and profit," the letters say, among other things.

Disney has an ongoing proxy war with activist and billionaire Nelson Peltz, who wants the company to cut costs, scale up streaming operations and ensure succession.

Peltz has previously campaigned to get a seat on Disney's board, but has continually been turned down.