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Industry

Tesla formalises China FSD, shifts strategy; no 'EV chasm'

Tesla is adjusting its full self-driving (FSD) strategy in China, formalising its rollout while leaving the timing unclear and renaming the feature “Tesla assisted driving” in a move seen as aimed at regulation. Strategy shifts are also drawing attention to expansion in other Asian markets such as South Korea. Tesla is also facing production and supply-chain variables, intensifying competition from China and rivals, and broader changes in the EV market and mobility services driven by data and AI.

Telecommunications & Media

Surge in cybersecurity hires follows FDE boom as firms say they cannot find people

While companies of all sizes are cutting staff because of AI, some jobs are being added for the same reason. Hiring is rising for forward deployed engineers who help build AI agents, and for cybersecurity staff as AI use spreads. The New York Times reported headhunters are turning down client requests because qualified candidates are scarce. Glassdoor data showed cybersecurity job postings rose 11 percent year on year in the first quarter.

Crypto

Ethereum TVL hits 13-month low; fall below $1,800 possible

Ethereum could slide to $1,800 as a bearish chart pattern coincides with declining funds deposited on the network, a report said. Ethereum's total value locked fell to $116 billion, returning to levels seen in April 2025, Cointelegraph reported. Ether is down 13 percent from a multi-month high above $2,400. Analysts said a drop below $2,050 could open the way to $1,800, with $1,750 also possible.