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Mobility

Tesla drops Cybertruck launch plans in Australia and New Zealand, refunds all deposits after 7 years

Tesla has officially withdrawn plans to launch its Cybertruck electric pickup in Australia and New Zealand, cancelling all existing reservations. The company emailed customers to inform them their orders were cancelled because production plans for those markets were halted, and said deposits would be fully refunded within 30 days. Reservations in Australia had been available since November 2019 with a A$150 deposit. The move comes after Tesla reported its 2026 third-quarter results.

AI & Enterprise

OpenAI nears up to $30 billion fundraising led by UAE at $1.25 trillion valuation

OpenAI has entered the final stages of raising up to $30 billion in funding based on a valuation of $1.25 trillion, in a round positioned as bridge financing ahead of a potential initial public offering. CNBC reported, citing people familiar with the deal, that OpenAI\'s valuation is expected to exceed $1 trillion. UAE investors are leading the round, with Coatue also expected to participate, though the final amount has not been set.

People

Samsung Electronics chairman Lee Jae-yong inspects UAE Al Dhafra power plant site

Samsung Electronics Chairman Lee Jae-yong (이재용) visited the construction site of the Al Dhafra gas-fired power plant in Abu Dhabi, the company said. He encouraged local employees and discussed strategies to secure future growth engines and plans to enter new businesses with executives of Samsung C&T and Samsung E&A. Lee also reviewed the construction schedule and safety management. The company said the plant is intended to meet rising electricity demand in the UAE.