Articles for Company Musk

Trump and Musk are trying to take America private
1 week, 1 day ago

Trump and Musk are trying to take America private

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. The private equity playbook tends to go A bunch of wealthy people get together and buy a company that’s supposedly struggling, take it private and mercilessly slash costs. A year after taking his hotel and casino company public, Trump used that company to buy one of his other casinos, …

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Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X
3 weeks, 1 day ago

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X

CNN  

New York CNN — In October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Also helping X’s rebound: It reportedly holds a stake in xAI, Musk’s AI company, which itself is …

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Musk says chatbot Grok 3 will be unveiled on February 17
3 weeks, 4 days ago

Musk says chatbot Grok 3 will be unveiled on February 17

The Hindu  

Elon Musk said his startup xAI will release its Grok 3 chatbot on Monday and billed it as the "smartest AI on Earth" in a fiercely competitive market. The company's flagship artificial intelligence product will go live with a demonstration on Monday night at 8:00 p.m. Pacific time, the tech billionaire wrote Saturday on his social media platform X. Grok …

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Musk clashes with OpenAI’s Altman over $500bn Stargate
1 month, 2 weeks ago

Musk clashes with OpenAI’s Altman over $500bn Stargate

Al Jazeera  

Hours after Trump announced the $500bn plan for Stargate, Musk questioned the value of the investment. Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two tech billionaires that started on OpenAI’s board and is now testing Musk’s influence with the …

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Transportation secretary pick vows to buck any pressure to help Elon Musk in agency probes of Tesla
1 month, 3 weeks ago

Transportation secretary pick vows to buck any pressure to help Elon Musk in agency probes of Tesla

Associated Press  

NEW YORK — Donald Trump’s pick to head the Transportation Department promised Wednesday to scrutinize Boeing’s safety issues, streamline regulations and not interfere in ongoing agency investigations into Elon Musk’s electric car company if confirmed as secretary. Former Wisconsin congressman Sean Duffy said at his Senate confirmation hearing that he would “restore global confidence” in Boeing, hire more air traffic …

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OpenAI fires back at Elon Musk bid to block for-profit conversion
3 months ago

OpenAI fires back at Elon Musk bid to block for-profit conversion

The Hindu  

OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company. Musk sued OpenAI, its CEO Sam Altman and others in August, claiming they violated contract provisions by putting profits ahead of the public good in the push to advance AI. Musk has since …

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Meta urges California attorney general to stop OpenAI from becoming for-profit: Report
3 months ago

Meta urges California attorney general to stop OpenAI from becoming for-profit: Report

The Hindu  

Meta Platforms is urging California's attorney general to block OpenAI's planned conversion to a for-profit company, the Wall Street Journal reported on Friday. In a letter to Attorney General Rob Bonta dated Thursday, Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they …

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OpenAI’s legal battle with Elon Musk reveals internal turmoil over avoiding AI ‘dictatorship’
3 months ago

OpenAI’s legal battle with Elon Musk reveals internal turmoil over avoiding AI ‘dictatorship’

Associated Press  

A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company. OpenAI filed a response Friday opposing Musk’s requested order, saying it would “debilitate OpenAI’s business” and mission …

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Elon Musk challenges OpenAI’s change to for-profit entity
3 months, 1 week ago

Elon Musk challenges OpenAI’s change to for-profit entity

Hindustan Times  

Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported Saturday. The move is the latest development in a business feud between OpenAI and Musk, who co-founded the group in 2015 but has since left. Musk has alleged that OpenAI bars its investors from making investments in rivals -- which …

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‘A stab in the back.’ How Elon Musk’s decision to move X from San Francisco is stirring mixed emotions
6 months ago

‘A stab in the back.’ How Elon Musk’s decision to move X from San Francisco is stirring mixed emotions

LA Times  

A large X logo is visible last year on the roof of the social media company’s San Francisco headquarters, which it is vacating. “San Francisco’s unique creativity and inventiveness is a part of Twitter’s DNA, and we feel like we are part of San Francisco,” the company said in 2011. He later said X’s San Francisco headquarters would move to …

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Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote
9 months ago

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote

News 18  

Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals on Musk’s pay weren’t immediately announced, but the company said shareholders voted for Musk’s compensation plan, which initially was …

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Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
9 months ago

Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package

Associated Press  

DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. After the votes were announced, Musk began telling shareholders about new developments in the company’s “Full Self-Driving” …

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Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall
10 months, 2 weeks ago

Tesla profits down 55 per cent amid job losses, delivery issues and Cybertruck recall

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla experienced a 55 per cent decline in profits this quarter compared to …

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Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
10 months, 2 weeks ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

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Tesla earnings a 'moment of truth' for Elon Musk after stumbles. Here's why
10 months, 2 weeks ago

Tesla earnings a 'moment of truth' for Elon Musk after stumbles. Here's why

Hindustan Times  

Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline. Tuesday's earnings and conference call are a "moment of truth" for Tesla and Musk, constituting "one of the most important moments in the company's history in our view," said …

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Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
10 months, 2 weeks ago

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

LA Times  

Tesla said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. Tesla said in a letter to investors Tuesday that its vehicle sales growth “may be notably …

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Neuralink has implanted brain chip in its first human patient, claims Elon Musk
1 year, 1 month ago

Neuralink has implanted brain chip in its first human patient, claims Elon Musk

Firstpost  

Neuralink, the brain-machine interface startup founded by Elon Musk, has successfully implanted a brain chip in its first human patient, according to a recent announcement by Musk on the social media platform X. Musk reported that the patient is recovering well, and the initial outcomes of the procedure show promise. In May last year the company secured approval from the …

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Elon Musk's Neuralink implants first brain chip in a human: ‘Promising’
1 year, 1 month ago

Elon Musk's Neuralink implants first brain chip in a human: ‘Promising’

Hindustan Times  

Neuralink, a neurotechnology company founded by Elon Musk and seven scientists and engineers, has installed a brain implant in its first human recipient with "promising initial results, the billionaire announced on Tuesday. The start-up, launched in 2016, opened a recruitment process seeking participants for its first brain implant trial on humans last year after receiving approval from the US Food …

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Elon Musk reveals first human has had a BRAIN implant from Neuralink's new 'Telepathy' product - allowing people to use technology 'just by thinking'
1 year, 1 month ago

Elon Musk reveals first human has had a BRAIN implant from Neuralink's new 'Telepathy' product - allowing people to use technology 'just by thinking'

Daily Mail  

Elon Musk has revealed a patient has become the first human to have a Neuralink microchip implanted into their brain. Musk on Monday announced that the first person had received a Neuralink brain implant Musk wrote on X on Monday night: 'The first human received an implant from @Neuralink yesterday and is recovering well. NEURALINK: ELON MUSK'S PLAY FOR COMPUTER-BRAIN …

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Elon Musk's new AI company, xAI, set to release its first AI model
1 year, 4 months ago

Elon Musk's new AI company, xAI, set to release its first AI model

India TV News  

Elon Musk's xAI: Tech billionaire Elon Musk recently announced that his new artificial intelligence company, xAI, is gearing up to release its first AI model to a select group. The Birth of xAI Elon Musk introduced xAI back in July, stating that its mission is to "understand the true nature of the universe." The company is led by Musk himself …

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The Real Story of Musk’s Twitter Takeover
1 year, 6 months ago

The Real Story of Musk’s Twitter Takeover

Live Mint  

In April 2022, things were going surprisingly well for Elon Musk. “Fixing Twitter by chatting with Parag won’t work," Musk answered. ‘I made an offer.’ Musk says that it became clear to him when he got to Hawaii that he would not be able to fix Twitter or turn it into X.com by going on the board: “I decided I …

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‘X is close to breaking even’: CEO Linda Yaccarino as she reverses some of Musk’s older decisions
1 year, 7 months ago

‘X is close to breaking even’: CEO Linda Yaccarino as she reverses some of Musk’s older decisions

Firstpost  

X CEO Linda Yaccarino has claimed that the platform is very close to breaking even. This comes as a surprise, given the financial challenges the company has faced since its acquisition by Elon Musk Linda Yaccarino, the CEO of X, recently stated that the company previously known as Twitter is nearing the point of breaking even. Licensing has turned things …

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Opinion: Elon Musk just X’d out the sharing, caring ethos of the internet once and for all
1 year, 7 months ago

Opinion: Elon Musk just X’d out the sharing, caring ethos of the internet once and for all

LA Times  

A pile of characters removed from the sign on the Twitter headquarters in San Francisco on Monday, as Elon Musk unveiled a new X logo to replace Twitter’s famous blue bird. “Face” is such a human word, and it went well with the platform’s invitation to befriend the world with kindergarten gestures — likes and shares and smiley faces. “It’s …

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X Things That Have Already Gone Wrong on X, the Social Network Formerly Known as Twitter
1 year, 7 months ago

X Things That Have Already Gone Wrong on X, the Social Network Formerly Known as Twitter

Slate  

Months after quietly doing away with Twitter Inc. and reregistering the company in Nevada as X Corp., owner Elon Musk has kicked off the process of transforming and rebranding the bird app into an “everything app” named after his favorite letter: X. After beaming the new logo onto Twitter’s San Francisco headquarters early Monday morning, the company deployed construction equipment …

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