Elon Musk’s Crypto Endorsement and Political Moves Elon Musk, the Tesla billionaire, has recently endorsed bitcoin and backed Howard Lutnick for Trump’s Treasury secretary. This move comes amid Musk’s warnings about U.S. government spending and potential financial emergencies. His endorsement of Donald Trump has sparked anger among some Tesla owners, leading them to buy anti-Musk…
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Tesla CEO Elon Musk loses $55 billion pay package after court ruling
Tesla shareholders have won a landmark legal victory against the company’s CEO Elon Musk and its board of directors, who had granted Musk an unprecedented $55 billion pay package in 2018. The Delaware Court of Chancery has ruled that the pay package was invalid and must be cancelled, saving Tesla stockholders from massive dilution. The…
Who are the world’s richest men in 2023?
According to Forbes’ 37th annual billionaires list, released on April 4, 2023, the world’s richest man in 2023 is Bernard Arnault, the head of luxury goods giant LVMH, with an estimated fortune of $211 billion. He is followed by Elon Musk, the founder of Tesla and SpaceX, with $180 billion. The third spot goes to…
xAI unveils Grok, a witty and rebellious AI chatbot inspired by Hitchhiker’s Guide to the Galaxy
xAI, the artificial intelligence company founded by Elon Musk, has finally revealed its first product to the world: a large language model (LLM) called Grok, named after the slang term that means “understanding”, according to VentureBeat. Grok is a chatbot that can answer almost any question, with a bit of wit and sarcasm, and even…
Elon Musk unveils xAI, his new AI startup with a curious mission
Elon Musk, the billionaire founder of Tesla, SpaceX and Twitter, revealed his latest venture on Wednesday: xAI, an artificial intelligence startup that aims to create a “maximally curious” AI that tries to understand the true nature of the universe. Musk, who has been a vocal critic of AI’s potential dangers and the need for regulation,…
Musk’s Neuralink gets FDA approval for brain implant trial
Neuralink, the neurotech startup co-founded by Elon Musk, has received approval from the Food and Drug Administration to conduct its first in-human clinical study of its brain implant device. The device, called the Link, is designed to help patients with severe paralysis control external technologies using only neural signals. This means patients with severe degenerative…
Elon Musk to step down as Twitter CEO, successor to join in six weeks
Elon Musk, the owner of Twitter and the founder of Tesla and SpaceX, has announced that he will step down as the CEO of the social media platform and hand over the reins to a new leader. Musk tweeted on Thursday that he has hired a new CEO for Twitter, but did not reveal the…
Elon Musk’s The Boring Company raises $675mn Series C funding
NEW YORK: Elon Musk founded The Boring Company announced Series C funding round of $675 million, led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing now values The Boring Company at $5.675 billion. The funds from the round will be used…
Elon Musk offers to buy Twitter for $43 billion
Elon Musk has made an offer of $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion to acquire Twitter Inc.. The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday.…
Argo Blockchain joins newly-formed Bitcoin Mining Council
LONDON, UK: Argo Blockchain (LON: ARB), a global leader in cryptocurrency mining, announced that on Sunday 23 May 2021, leading North American miners came together to discuss ESG issues related to Bitcoin mining with Elon Musk. The meeting was organised by Michael Saylor who chaired a productive 90-minute call resulting in the group agreeing to…