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Elon Musk announced that his companies, Tesla and SpaceX, plan to build their own advanced semiconductor factories in Austin, Texas. The project, called Terafab, aims to produce a massive amount of computing power annually for their own artificial intelligence and other needs.
Musk also offered to pay the salaries of U.S. airport security staff amid a political funding standoff that threatened a government shutdown. Separately, Tesla's vice president of finance, Sendil Palani, announced he is leaving the company.
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