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While Elon Musk owns 20% of Tesla, more than $60 billion would be needed to buy the business from public shareholders.

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans.

The Public Investment Fund, which has built up a stake just shy of 5 percent in Tesla in recent months, is exploring how it can be involved in the potential deal, the person said on condition of anonymity. Discussions began before the controversial Aug. 7 tweet by Musk, who is Tesla’s co-founder and chief executive officer, saying he was weighing a plan to take the company private.

The University of Central Lancashire (UCLan) has unveiled the world’s first graphene skinned plane at an internationally renowned air show. Juno, a three-and-a-half-metre wide graphene skinned aircraft, was revealed on the North West Aerospace Alliance (NWAA) stand as part of the ‘Futures Day’ at Farnborough Air Show 2018.

The University’s aerospace engineering team has worked in partnership with the Sheffield Advanced Manufacturing Research Centre (AMRC), the University of Manchester’s National Graphene Institute (NGI), Haydale Graphene Industries (Haydale) and a range of other businesses to develop the unmanned aerial vehicle (UAV), which also includes graphene batteries and 3D printed parts.

Billy Beggs, UCLan’s Engineering Innovation Manager, said: The industry reaction to Juno at Farnborough was superb with many positive comments about the work we’re doing. Having Juno at one the world’s biggest air shows demonstrates the great strides we’re making in leading a programme to accelerate the uptake of graphene and other nano-materials into industry.

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Traffic jams could be a thing of the past. Learn more about a driverless future: https://wef.ch/2Op4rCc

WASHINGTON – U.S. Reps. Lamar Smith (R-Texas) and Eddie Bernice Johnson (D-Texas), who serve as the chairman and ranking member of the House Committee on Science, Space, and Technology, and U.Sens. John Thune (R-S.D.) and Bill Nelson (D-Fla.), who serve as the chairman and ranking member of the Senate Committee on Commerce, Science, and Transportation, today announced the introduction of House and Senate companions of the National Quantum Initiative Act. The legislation would accelerate and coordinate public and private quantum science research, standards, and workforce development to give the United States a competitive advantage as China and Europe vie to achieve technological breakthroughs in this field.

Chairman Smith: “The National Quantum Initiative Act will accelerate the development of quantum information science in the United States and secure our leadership in the quantum sector. As other nations are rapidly developing their own quantum programs, the U.S. faces the risk of falling behind. This legislation provides a path forward to ensure that the U.S. secures its influence in the next generation of science and technology. I am glad that Senator John Thune has joined me in introducing this legislation, along with our respective Ranking Democrat Committee Members Rep. Eddie Bernice Johnson and Senator Bill Nelson.

”The bill creates a 10-year federal program that will significantly develop our quantum knowledge. It will bring a whole of government approach to advance QIS to the next level of research and development, while also creating public-private partnerships, leveraging the resources and expertise of government, industry and academia. Through new research facilities and a strong workforce pipeline, students and researchers will have greater resources and opportunities to develop their quantum skills and create the next great computing innovation. There is no doubt quantum technology will revolutionize our world to come. This bill secures American leadership in quantum science and guarantees a first place finish in the great quantum race.”

But the grand work-changing projects of A.I., like self-driving cars and humanoid robots, are not yet commercial products. A more humble version of the technology, instead, is making its presence felt in a less glamorous place: the back office.

Artificial intelligence software is making its presence felt in subtle ways, in an unglamorous place: the back office.

CAIRO (Reuters) — A group of Egyptian students has designed a vehicle they say will battle rising energy prices and promote clean energy by running on nothing but air.

Electric vehicles are unlikely to create a power-demand crisis but could reshape the load curve. Here’s how to bend that curve to your advantage.

Could electric vehicles (EVs) soon face a different kind of gridlock? With the electrification of mobility accelerating, energy producers and distributors need to understand the potential impact of EVs on electricity demand (Exhibit 1). The good news: McKinsey analysis suggests the projected growth in e-mobility will not drive substantial increases in total electrical-grid power demand in the near to midterm, thus limiting the need for new electricity-generation capacity during that period.

The production problems Tesla has faced with its Model 3 have been well documented. Now, sources say the company is facing similar issues with its solar roof tile initiative. According to Reuters, former and current employees have revealed that assembly line problems, plus CEO Elon Musk’s exacting aesthetic demands, has delayed production, causing tension with partner Panasonic, and rattling officials that are keen to see a return on significant state investment.

The “Solar Roof,” produced at Tesla’s factory in Buffalo, New York, is designed to look like and function as a regular roof while also generating energy. According to sources, technical challenges have delayed production, as has Musk’s design plans. Speaking to Reuters, one source said that “Aesthetic look is the key point that Elon is not always satisfied with. That’s the big issue.”

Neither Tesla nor Reuters’ sources have revealed current production figures for the roof tiles, but the delays are such that Panasonic — which the initiative depends on for solar components — has been forced to find other buyers for the parts it had built to sell to Tesla. According to a former Panasonic employee, the company has been shipping “large volumes” of its photovoltaic cells as samples to other prospective buyers, due to low demand from Tesla. Panasonic declined to comment on the issue, stating only that it “believes Tesla will use Panasonic cells when it mass-markets the Solar roof.”

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The Volkswagen group confirmed that it might have to recall as many as 124,000 electric and hybrid cars from its VW, Audi and Porsche brands due to poisonous cadmium finding its way into a charger component.

Following a report from the German magazine Wirtschaftswoche, VW has confirmed that it is currently in discussions with Kraftfahrtbundesamt (KBA), the German road authority, over the potential recall.

A spokesperson for the German automaker said:

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