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Faraday Future’s “acting global CEO” jumps ship ahead of CES

Just a week away from Faraday Future’s live stream reveal of its first production car from CES 2017, a top executive referred to as “acting global CEO” to the California-based electric vehicle upstart has reportedly left. The report being surfaced by The Verge says Ding Lei, a top executive and co-founder of Chinese tech giant LeEco – the company who’s led by Chinese billionaire Jia Yueting and bankrolling Faraday Future – has stepped down from his supervisory role at Faraday.
The news comes hot on the heels of recent reports that a slew of top executives have left the struggling would-be competitor to Tesla. Marco Mattiacci, chief brand and commercial officer, and Joerg Sommer, vice president for product marketing and growth, have both recently left the company. Mattiacci is the former head of Ferrari’s North American operations. His decision to join the company was greeted with much fanfare on June 9.
A LeEco spokesperson says Ding is still with the company and now holds the title of co-founder and global vice chairman at SEE Plan. But rumors are flying that he is about to join NextEV, which announced at the beginning of December that is planning to introduce an electric SUV to compete with the Tesla Model X.
NextEV co-founder Jack Cheng says the car will be “as good as or better than the Tesla [Model X] but cheaper. It will be positioned at Audi and BMW but with a Toyota price.” NextEV has produced at least one car so far, an electric sports car dubbed the NIO EP9, which currently holds the record for the fastest lap of the Nurburgring by an electric car.
Reuters reports that LeEco has secured an investment of $1.4 billion from an unnamed source rumored to be an insurance company. “They aren’t saying clearly where their money is coming from or how it will be allocated,” said Alex Ng, an analyst at China Merchants Securities. He added that the company needed to explain its expansion plans further as no major policy changes have been announced.
It was announced yesterday that LeEco began construction of a factory for electric cars in China’s Zhejiang province. The new production facility will cost $1.6 billion initially and aimed at producing 400,000 cars a year.
What any of this has to do with Faraday Future is unclear. Amid wide reports of financial troubles, it seems certain that the car it shows to the world next Tuesday will need to astound the masses if the company has any hope of survival. Otherwise, Faraday Future may be dead in the water come February.
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Starlink to launch on United Airlines planes by May 15
Select United Airlines passengers will get free Starlink internet, with 200+ Mbps speeds. Early testers streamed MLB & live news with ease.

Starlink will launch on United Airlines planes by May 15, 2025, providing select passengers with free internet inflight.
Recently, Sean Cudahy from The Points Guy tried out United Airlines’ free Starlink Wi-Fi. The airline invited a few media to try out Starlink Aviation Wi-Fi before its official launch.
According to Cudahy, connecting to Starlink was easy. All he had to do was take out his phone and connect to the Unitedwifi.com network, which took him to a landing page. Once he clicked “get started” on the landing page, it opened the United mobile app on his phone.
The United app verified Cudahy’s status as a MileagePlus member. After that, all he had to do was click on “connect,” and he was all set. Starlink’s speed was reliable and just what passengers would need on a long flight.
“I ran a speed test, and it clocked the Wi-Fi at 217 Mbps of download speed, and 26.8 Mbps of upload speed,” noted Cudahy.
Cudahy added that connection to Starlink Wi-Fi on his other devices, like his tablet, was easier. All he had to do was scan a QR code on his phone from his tablet.
“United certainly isn’t exaggerating on the speed of the service: I was able to simultaneously watch a live news feed about the selection of a new Pope on one device, and stream a live Major League Baseball game on another,” The Points Guy noted in his review of Starlink Aviation.
United Airlines is offering Starlink services for free to MileagePlus members. Based on Cudahy’s experience, it’s best to download the United mobile app before your flight.
United Airlines expects to equip all 300 of its Embraer 175 planes with Starlink by the end of the year. It plans to install 40 regional jets with Starlink equipment every month.
Last month, the Federal Aviation Administration (FAA) approved United Airlines’ Starlink-equipped planes. United plans to roll out Starlink Wi-Fi across all its flights. It is currently working to receive FAA approval to install Starlink equipment on over 16 aircraft models.
News
Ark Invest sees potential in xAI as the world adopts more AI models
Ark’s new stake in xAI bets on Musk’s future plans. Will the newly merged companies deliver the next AI breakthrough?

Ark Invest reinvested in X Corp in Q1 2025 through its Ark Venture Fund, which converted into a position in xAI, Elon Musk’s artificial intelligence company.
In March, xAI acquired X, intertwining the two companies’ futures. The stock merger values xAI at $80 billion and X at $33 billion. After xAI acquired X, Elon Musk noted that the combined company would unlock “immense potential.” Ark Invest believes in Musk’s vision for xAI and X Corp.
“…the deal created a new combined entity called XAI Holdings Corp., a strategic union that integrates xAI’s cutting-edge foundational models with X’s massive user base of over 600 million strong to unlock a platform that blends real-time communication with AI-enhanced discovery, truth-seeking, and personalized knowledge delivery.
“We believe this merger will be a significant catalyst for consumer AI adoption and foundational model monetization,” Ark noted.
Musk is reportedly planning a valuation adjustment for xAI. CNBC’s David Faber noted in April that Musk hinted at a new funding round for his artificial intelligence startup during an investor call.
The merger supports Musk’s vision to transform X into an “everything app,” where people can communicate, make monetary transactions, catch up on news, and more. xAI is already working on providing financial services. It recently partnered with TWG Global and Palantir to integrate AI with financial services.
In addition, XAI Holdings also has X Money, a payment system that could rival Venmo, Zelle, and Apple Pay. X Corp. secured a Visa partnership in January and money-transmitter licenses in 42 states, including California, in September 2024.
X Money faces opposition in New York from Manhattan Democrats Assemblymember Micah Lasher and state Sen. Brad Hoylman-Sigal, who sent a letter Monday to the state’s Department of Financial Services, urging rejection of X Corp.’s money-transmitter license. The lawmakers cited Musk’s leadership as a risk to consumer data and financial infrastructure.
Ark’s investment in xAI underscores confidence in its AI-driven future, amplified by the XAI Holdings merger. As xAI leverages X’s platform to scale AI innovation, Ark’s stake positions it to benefit from a transformative shift in consumer AI and fintech, despite ongoing challenges.
News
Starlink Direct to Cell to boost remote businesses in Chile
Entel teams up with Starlink Direct to Cell to power SMEs & industries in Chile’s remote regions. Remote businesses get a major tech upgrade.

Entel will provide Starlink Direct to Cell services to businesses in Chile and Peru, boosting connectivity in underserved regions.
Entel is Chile’s leading telecommunications provider. Its strategic collaboration leverages Starlink’s Direct to Cell service by offering advanced internet solutions to small and medium-sized enterprises (SMEs) and large corporations.
The partnership targets industries like mining, agriculture, and forestry, which often face connectivity challenges in remote areas. By tapping into Starlink’s low-latency satellite constellation, Entel aims to bridge these gaps, driving innovation and competitiveness.
The collaboration with Entel follows Starlink’s April expansion in Brazil, where its internet was integrated into John Deere’s agricultural equipment. Through its mobile app, Starlink provided Brazilian farmers with live video feeds, sensor data, and real-time sharing.
Entel’s Starlink Direct to Cell service includes value-added features such as 24/7 network monitoring, proactive management, and dedicated technical support. An observability feature will allow businesses to track real-time connectivity performance through web or mobile applications, enhancing operational efficiency.
The service’s accessibility to SMEs is a key focus. Starlink Direct to Cell is expected to empower small businesses to engage in e-commerce, improve customer communication, and expand digital operations.
Starlink’s Direct to Cell expansion into Peru underscores Entel’s regional ambitions, positioning it as a leader in Latin America’s business connectivity landscape. While details of the Peruvian rollout remain forthcoming, the move aligns with the region’s post-COVID-19 economic recovery. Reliable internet is critical for businesses to adopt cloud-based technologies and access global markets.
Starlink’s growing influence in Latin America highlights its role in transforming connectivity for underserved areas. Entel’s partnership strengthens its portfolio and helps businesses navigate a digital economy. As industries in Chile and Peru leverage Starlink’s capabilities, the collaboration could set a precedent for regional telecom providers, fostering innovation and economic growth across diverse sectors.
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