Archive for the ‘Elon Musk’ Category

On theCUBE Pod: Elon Musks very bad week and the ban on … – SiliconANGLE News

Theres no question that Elon Musk had a tough week. On April 20, the Space Exploration Technologies Corp.s, known as SpaceX, Starship rocket blew upjust minutes after launch.

Musks chaotic tenure at X Corp. (formerly Twitter Inc.) also entered an uncertain new phase as it removed legacy blue checkmarks from formerly verified accounts, raising further questions about the legitimacy of the social network.

The past few weeks events led a group of institutional shareholders in Tesla Inc. to send a letter to the Tesla board, complaining that Musk was too distracted to run the company. Although Twitter is going through a period of change, as long as news and media junkies are on Twitter, it will never die, according to theCUBE industry analyst John Furrier on last Fridays episode of theCUBE Podcast.

They need Twitter, he said. Its a way to communicate. You separate news organizations. Almost all journalists unless they have some personal problem with Elon Musk are on Twitter. And thats not going to change.

But where Twitter made a mistake was when it came to its developers, according to theCUBE industry analyst Dave Vellante.

They screwed their developers. You know that. We were developers, and they just put it right up our you know what, and they did that to everybody, he said. Hopefully, that will change. Theyre making changes, and theyre charging more. I understand why. But they just screwed their developer ecosystem.

On the last episode of theCUBE podcast, Vellante and Furrier discussed Musks Twitter labeling National Public Radio as state-affiliated media, which has since been reversed.

That was stupid. NPR is legit, Vellante said.

Regarding the SpaceX incident, its perplexing to understand why people would not be rooting for the companys success, according to Vellante.

Having watched the moon landing in the late 1960s, I dont see how you cant be rooting for these organizations, whether its Musk or [Jeff] Bezos, Vellante said. Space exploration is critical. And the United States has to lead. Theyre not going to lead with NASA, because NASA cant get the funding that it needs. So private entities have to lead.

On April 13, Montana became the first state to approve a bill that would ban the TikTok app from operating in the state. Its a move that represents more dumb politics, according to Vellante.

This whole conversation should start with reciprocity, he stated. The mistake that lawmakers are making is theyre trying to make the case against TikTok on grounds of security and privacy. And its stupid. They should be making the case on economic grounds.

What that would look like in practice is saying, If you want TikTok to operate a Chinese-based company in the U.S., then U.S. companies need to have the same rights in China, Vellante said. Now, of course, China is going to immediately dismiss that, but then thats a move that puts China into a position of having to defend the ridiculous posture that we can do it to you but you cant do it to us.

The next logical step if China rejects this is to say that ByteDance Ltd. has to sell majority ownership, just like they do in China, to a U.S.-based company.

That U.S.-based company will run it and adhere to all the local laws. And if China doesnt like it, and ByteDance doesnt agree to it, then and only then can you say, OK, were going to ban it, Vellante said. But jumping right to the ban is idiotic.

This is a classic example of lawmakers not knowing what the heck theyre talking about, according to Furrier.

This is lawmakers looking for press, lawmakers looking cool to their constituents, the big, bad, timewasting app we got your back, malware, all that fear that was in Washington, D.C., he said.

Its not just lawmakers, but also the Biden administration and the Trump administration making the same mistakes, according to Vellante.

Now that Chinas a world power, who knows, they might ease up on that. That would be a great outcome for free marketers like myself. But irrespective of that, the smart move is to put it back on them, Vellante said. But what weve done is say, Were banning TikTok. Well, thats just dumb.

Thats because the broader population, and particularly young people, dont want it banned, according to Vellante.

The whole privacy thing is just not the right way to do it. So just be smarter about it politicians, Vellante said.

That was just some of the conversation on last Fridays episode of theCUBE podcast. If youre a listener, let Furrier and Vellante know on Twitter what subjects youd like to hear discussed in the next episode.

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On theCUBE Pod: Elon Musks very bad week and the ban on ... - SiliconANGLE News

CNBC Daily Open: Its all about Elon Musk – CNBC

Tesla CEO Elon Musk attends the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin.

Patrick Pleul | AFP | Getty Images

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribehere.

Elon Musk dominated the spotlight yesterday: Tesla shares sank, SpaceX exploded and Musk threatened a lawsuit over Microsoft's use of Twitter.

For all of Elon Musk's idiosyncrasies that frequently put him in the spotlight (and lawsuits with the U.S. Securities and Exchange Commission, for that matter), it's hard to deny his business acumen.

Yes, Tesla shares plummeted Thursday. The figure was so bad that it's the stock's steepest fall since July 24, 2019, according to data from Bespoke Investment Group.

But recall how Tesla, not so long ago in December last year, had its "worst month, quarter and year on record," to quote the article's headline. It sank to a 52-week low of $101.81 on Jan. 6 this year. Yet the share managed to double its price to close above $200 in less than a month after that.

Of course, Tesla isn't doing so hot now, but my point is it's important to take a long-term view of the company. Indeed, Cathie Wood has given it a staggering 1,127% upside from its price on Thursday, agreeing with Musk's emphasis on sales volume over profit margins. Telsa will play a huge role and benefit from a future self-driving revolution, Wood believes, calling it "one of the most important investment opportunities of our lifetimes."

Musk is, again, at the frontier of the future with SpaceX, his private spacecraft company. Admittedly, Starship exploded after taking off. But such occurrences are part and parcel of spaceflight testing. NASA Chief Bill Nelson even congratulated SpaceX for its flight attempt despite the explosion or what SpaceX is calling a "rapid unscheduled disassembly."

Which might be a good summary of Twitter, Musk's most contentious company but investors needn't worry about it since Musk has taken it private, anyway.

Elsewhere in markets, the Dow Jones Industrial Average fell 0.33%, the S&P 500 lost 0.6% and the Nasdaq Composite sank 0.8%, dragged down by losses in technology stocks, such as Nvidia's 2.96% fall and Meta's 1.22% slide. Investors grew increasingly concerned about shrinking margins despite companies beating revenue expectations. But the real test will come next week when big tech firms report, said Art Hogan, chief market strategist at B. Riley Financial.

"If we see a lot of degradation over the course of next week because of guidance," he said, "that might cause a multiple contraction and we might see some of the S&P 500 sell off."

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CNBC Daily Open: Its all about Elon Musk - CNBC

Elon Musk now says he wants to create a ChatGPT competitor to avoid ‘A.I. dystopia’he’s calling it ‘TruthGPT’ – CNBC

It seems Elon Musk wants to join the artificial intelligence arms race.

"I'm going to start something which I call TruthGPT," Musk told Fox News' "Tucker Carlson Tonight" on Monday, adding that he'd want his AI chatbot to be a "maximum truth-seeking AI that tries to understand the nature of the universe."

The timing of Musk's announcement which, to be clear, was not an actual product unveiling is notable, given that just three weeks ago, the Tesla and Twitter CEO signed an open letter calling for a six-month pause on all work on AI systems more powerful than OpenAI's ChatGPT-4.

Musk spoke about the dangers of rapid AI development before pitching his own version, alleging that chatbots like ChatGPT and Google's Bard are being trained to be "politically correct." He didn't provide evidence for those claims, or detail exactly what a "truth-seeking AI" might entail.

"A path to AI dystopia is to train AI to be deceptive," Musk said. "AI is more dangerous than, say, mismanaged aircraft design or production maintenance or bad car production ... [It] has the potential of civilization destruction."

Broadly speaking, that sentiment echoes a recent chorus of worries from tech luminaries and CEOs, including from billionaire investor Mark Cuban and Apple co-founder Steve Wozniak. Even Alphabet CEO Sundar Pichai has weighed in, noting that Bard can "hallucinate" answers to human prompts writing responses that sound plausible, but are factually inaccurate.

"It could cause harm," Pichai told CBS News' "60 Minutes" on Sunday.

One of Musk's specific criticisms of OpenAI which he co-founded in 2015, and helped fund before leaving its board three years later centers around the organization's restructure from nonprofit to "capped-profit" in 2019, meant to help the company accept external funding.

That opened the door to a partnership with Microsoft, which helped train ChatGPT-4, OpenAI announced earlier this year. For-profit status could influence the ethics behind an AI program's development, Musk said on Monday.

Twitter which intends to pursue generative AI, Musk told the BBC last week is a for-profit company. So is X.AI, a new startup Musk quietly incorporated in Nevada last month.

Musk didn't immediately respond to CNBC Make It's request for comment. He admitted on Monday that he's "very late" to the chatbot race, but said he's still motivated to try due to concerns over the OpenAI-Microsoft partnership and Google dominating the market.

His timeline remains unclear, particularly considering his history of starting and then abandoning or indefinitely pausing ambitious projects, like The Boring Company's high-speed tunnels between major U.S. cities or Neuralink's computerized brain implants.

"I'm definitely starting late, but I will try to create a third option," Musk said. "This might be the best path to safety, in that an AI that cares about understanding the universe is unlikely to annihilate humans, because we are an interesting part of the universe."

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Elon Musk now says he wants to create a ChatGPT competitor to avoid 'A.I. dystopia'he's calling it 'TruthGPT' - CNBC

Elon Musk to appear on Real Time with Bill Maher – TESLARATI

Elon Musk will appear on Real Time with Bill Maher next Friday, April 28, at 10 p.m. ET. Maher broke the news recently and mentioned bringing up Mars to Elon Musk.

And I want to talk to him. Ive never been on that page of why we should go to Mars, said Maher. I mean, however bad we ruin the Earth, it can not be worse than a place that has no air, is 200 degrees below zero, and [is] a long way away, and has 6-month dust storms.

Mahers questions about Mars will be timely, given that Elon Musks SpaceX recently completedStarships first successful flight test. Starship is an integral part of Musks goals.

However, traveling to and populating Mars might not equate to doom and gloom for Earth. Mars doesnt seem to be an escape plan for humans.

For Musk, Mars is the first step to an exciting future for humans. The billionaire wants a multiplanetary existence for humans, andthe Red Planet is only the first step.

You want to wake up in the morning and think the future is going to be great and thats what being a spacefaring civilization is all about. Its about believing in the future and thinking that the future will be better than the past. And I cant think of anything more exciting than going out there and being among the stars, said Elon Musk.

SpaceX estimates that it would take Starship 6 months to get to Mars. The space company lists several reasons Mars is the first planet on its travel plans. First, the Red Planet has decent sunlight since it is relatively as close to the Sun as Earth. SpaceX states that it could warm up Mars. And since the planet contains CO2, nitrogen, and other elements for plant life. Another plus for the Red Planet is that the span of its day is similar to Earths, meaning adjusting might be easier for humans in terms of time.

Hearing Musks reply to Mahers questions about Mars on Friday would be interesting. With Starships first test complete, its only a matter of time before the first human lands on Mars.

The Teslarati team would appreciate hearing from you. If you have any tips, contact me atmaria@teslarati.comor via Twitter@Writer_01001101.

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Elon Musk to appear on Real Time with Bill Maher - TESLARATI

As turn to Elon Musk for help with Vegas move – The Comeback

The Oakland As will soon become the Las Vegas As.

However, a stadium will need to first be built.

Justin Walker and Chris Maathuis of ktla.com report that the As could soon have a temporary home in Southern Nevada ahead of their billion-dollar stadium west of the Las Vegas Strip.

We have an agreement with the Aviators to play at their stadium temporarily,As president Dave Kaval told KTLA.

The Aviators are the Tripe-A affiliates of the As that play in Summerlin, Were really deferring to Major League Baseball to kind of help us make that decision.

The As yet-to-come stadium will also feature one, perhaps two Hyperloop stops courtesy of Elon Musks company.

We spoke to Steve Davis at The Boring Company, Kaval said. And yes, a stop is in our future. Maybe two.

The Hyperloop is a proposed high-speed transportation system for both public and goods transport, according to Wikipedia.

Elon Musk picked up the idea to describe a modern project based on the vactrain concept.

It features long, pressurized tubes in which single cars travel on magnetic rails at high speeds. Though it works in theory, it has yet to be made into a reality on the scale that Musk and The Boring Company have promised.

Only time will tell how this deal works out for the As.

[KTLA]

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As turn to Elon Musk for help with Vegas move - The Comeback