TAIPEI, Taiwan: Taiwan evacuated more than 3,000 people from vulnerable areas and closed schools and offices on Tuesday ahead of the arrival of tropical storm Fung-wong, which killed at least 18 people and displaced more than 1.4 million in the Philippines after making landfall there Sunday.
Fung-wong was classified as a typhoon but is losing intensity while approaching Taiwan and is expected to make landfall Wednesday afternoon or evening near the southwestern port city of Kaohsiung.
On Tuesday morning, the storm had maximum sustained winds of up to 108 kph (67 mph) and gusts of 137 kph (85 mph) and is expected to sweep across the island and exit from its northeastern side Wednesday evening or early Thursday, Taiwan’s weather agency said.
More than 3,300 people from four counties and cities have been evacuated near the eastern township of Guangfu, where flooding from a typhoon in September caused a barrier lake to overflow, killing 18 people.
Schools and offices were closed on Tuesday in Hualien and Yilan counties, while weather authorities issued a land warning covering south and southwestern areas including Kaohsiung, Pingtung County, Tainan and Taitung.
China activated an emergency typhoon response for its southeastern Fujian, Guangdong, Zhejiang and Hainan provinces.
Fung-wong slammed into the northeastern Philippine coast from the Pacific on Sunday as a super typhoon with maximum sustained winds of 185 kph (115 mph) and gusts of up to 230 kph (143 mph). The 1,800-kilometer (1,100-mile)-wide storm killed at least 18 people in flash floods and landslides in several northern provinces.
More than a million people remained displaced Tuesday, including about 803,000 sheltering in 11,000 evacuation centers across the northern Luzon region, Office of Civil Defense deputy director Bernardo Rafaelito Alejandro IV said.
Among the dead were three children whose houses were buried in two separate landslides in the mountainous province of Nueva Vizcaya that injured four others, while a landslide in nearby Kalinga province killed two villagers and two others were missing, officials said.
“It’s not mass casualty in one place,” Alejandro said Tuesday, noting several people were killed in separate landslides.
The Philippines and Taiwan are battered by numerous typhoons and storms each year.
Taiwan evacuates thousands ahead of tropical storm Fung-wong after deaths in the Philippines
https://arab.news/pzbj9
Taiwan evacuates thousands ahead of tropical storm Fung-wong after deaths in the Philippines
- On Tuesday morning, the storm had maximum sustained winds of up to 108 kph
- More than 3,300 people from four counties and cities have been evacuated near the eastern township of Guangfu
SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions
- The deal is the biggest M&A transaction of all time
- Deal values xAI at $250 billion, SpaceX at $1 trillion
Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX’s data-center ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic and OpenAI in the AI sector.
The transaction values SpaceX at $1 trillion, and xAI at $250 billion, according to a person familiar with the matter.
“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said. The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion in 2000, according to data compiled by LSEG. The combined company of SpaceX and xAI is expected to price shares at about $527 each, another person familiar with the matter said. SpaceX was already the world’s most valuable privately held company, last valued at $800 billion in a recent insider share sale. XAI was last valued at $230 billion in November, according to the Wall Street Journal. The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.
SpaceX, xAI and Musk did not immediately respond to requests for comment.
The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company. The world’s richest man has a history of merging his ventures together. Musk folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.
The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.
SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority to review M&A transactions for national security and other risks.
