69 I didn’t make this up: Tesla currently has authorization for 69 unsupervised Robotaxis in Texas, according to the state’s database . That’s up from 42 — perhaps a reference to 420 — last month. While that represents growth, it’s far from the scale that CEO Elon Musk had promised . And having permission to be on the road doesn’t mean the vehicles are actually in service. The number of unsupervised Robotaxis has actually declined recently , despite the company’s highly publicized expansion, according to data from Robotaxi Tracker . The site has tracked 32 active unsupervised Tesla Robotaxis in the last month and just 23 in the last week. Tesla and Musk, who once threatened to take the company private at $420, have long been fans of sophomoric numerology. You can’t actually tip in the Robotaxi app, but as a joke the company suggests tips of $0.69 or $4.20 — and if you tap them, it brings up a “just kidding” graphic. The facility would cost about $500 billion to build, and OpenAI would would own the equipment and be on the hook for 20 years of lease payments, which Nvidia would provide a backstop for, per the report. If this sounds familiar, Nvidia and OpenAI did announce a similar deal back in September. Nvidia said it would invest as much as $100 billion in what CEO Jensen Huang called “the biggest AI infrastructure project in history,” which never came to fruition (though Nvidia did invest $30 billion in OpenAI). Per the report, this potential deal is a new plan. OpenAI’s Stargate partner SoftBank is part of the plan as well. SoftBank’s SB Energy is providing financing for the project, and broke ground on the facility in March. The land on which the data center would be built is owned by the Department of Energy. Amazon just secured a massive $17.5 billion line of credit Amazon has landed a $17.5 billion line of credit arranged by Citibank, according to a new SEC filing . While the filing says the money is for “general corporate purposes,” the company is clearly on a global borrowing spree to fund its massive AI infrastructure investments, with $200 billion in planned capex this year. For perspective, that budget is larger than the entire GDP of most countries. This giant credit line comes shortly after Amazon shattered the record for issuance in Canada’s “maple bond” market . The spending is so aggressive that credit rating agency S&P recently warned Amazon’s “leverage will increase substantially” and it will likely report negative free operating cash flow over the next two years to support the data center build-out. Yet, Amazon is rushing to borrow anyway, hoping to service a massive $364 billion cloud backlog. That means legacy carriers must now compete against Amazon’s 80,000 trailers, 24,000 containers, and its highly automated network. “The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed — and they wanted to use it more broadly,” Jim Ruiz, director of Amazon Freight, said in the press release. Industry heavyweights like Old Dominion Freight , XPO , and Saia all fell on the news. FedEx , which recently spun off FedEx Freight, is also down. That means legacy carriers must now compete against Amazon’s 80,000 trailers, 24,000 containers, and its highly automated network. “The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed — and they wanted to use it more broadly,” Jim Ruiz, director of Amazon Freight, said in the press release. Industry heavyweights like Old Dominion Freight , XPO , and Saia all fell on the news. FedEx , which recently spun off FedEx Freight, is also down.

Source: Sherwood News

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