It has been calculated that the S&P 500’s total value is currently $45.5 trillion. Tesla’s CEO, Elon Musk, claimed on Thursday 13th June 2024 that the company’s Optimus humanoid robots could potentially raise the automaker’s value to over half of that amount. During the 2024 annual shareholder meeting in Austin,Read More →
Tesla shareholders have voted to ratify CEO Elon Musk’s 2018 compensation package, which was previously rescinded by a Delaware judge in January. During the annual meeting in Austin, Texas, shareholders voted in Musk’s favour. Following Musk’s announcement that shareholders were likely to approve his pay package and a resolution toRead More →
Elon Musk sparked intense debate on the trajectory of artificial intelligence (AI) after he shared a clip from the Joe Rogan Experience podcast via his X account. In the video, futurist Raymond Kurzweil explored the future of artificial intelligence (AI), proposing that it might soon outstrip human intellect. Elon Musk,Read More →
According to the Bloomberg Billionaires Index, Elon Musk is the wealthiest person in the world, with an estimated net worth of $243.46 billion USD as of 8th Jan 2024. Musk is the founder and CEO of Tesla and SpaceX, X and X.ai as well as the co-founder of PayPal and Neuralink. He made his fortune from various business ventures,Read More →
It has been a turbulent time at Twitter since Musk’s acquisition and the subsequent renaming of the company to X. X is a subsidiary of X Holdings Corp., which is owned by Elon Musk. X has faced several issues and controversies since its inception, such as advertiser boycott, declining user base,Read More →
Elon Musk is one of the most influential and visionary leaders in the field of AI. He has recently shared his views on how AI will eventually create a situation where no job is needed, and how humans will have to find meaning in life. Disruptive or force for good?Read More →
The entrepreneur Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX and Neuralink, has revealed his latest venture: xAI, a new artificial intelligence company that aims to “understand the true nature of the universe”. Musk announced the formation of xAI on Wednesday on Twitter and on the company’s official website, whichRead More →
This expansion occurs as the European Union investigates subsidies provided to Chinese electric vehicle manufacturers, a situation that may lead to the imposition of tariffs. In May 2024 Nio opened a new EV showroom in Amsterdam, while Xpeng introduced its G9 and G6 sports utility vehicles in France. Over theRead More →
Tesla’s shares surged on Monday 29th April 2024, marking their best performance since March 2021, following the company’s achievement in advancing its driver-assistance technology in China. The stock closed 15% higher, buoyed by investor enthusiasm over Tesla CEO Elon Musk’s visit to China. On Sunday 28th April 2024, Tesla announcedRead More →
Chinese automotive giant BYD has experienced a decline in profits amid a slowdown in electric vehicle (EV) demand and a price war in the largest car market globally. The company reported earnings of $630 million (£502 million) for the first quarter, a drop of over 47% from the previous quarter.Read More →
Tesla’s profits have significantly decreased so far in 2024, prompting the company to accelerate the introduction of new models. The company is also reducing its workforce by thousands in an effort to improve its financial outlook. The electric vehicle manufacturer reported earnings of $1.13 billion for the first quarter, aRead More →
The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In anRead More →
The CEO of Tesla, Elon Musk recently made an announcement regarding the company’s robotaxi. According to his social media post on X, Tesla will unveil its robotaxi product on 8th August 2024. This project has been a topic of discussion for several years and could potentially represent a significant new business venture for Tesla. Read More →
Google’s ‘Woke’ AI Problem needs attention In recent days, Google’s artificial intelligence (AI) tool, Gemini, has faced intense criticism online. As the tech giant’s answer to the OpenAI/Microsoft chatbot ChatGPT, Gemini can respond to text queries and even generate images based on prompts. However, its journey has been far from smooth.Read More →
Elon Musk’s neurotech startup Neuralink implanted its device in a human for the first time on Sunday 28th January 2024, and the patient is ‘recovering well,‘ the entrepreneur said in a post on X, on Monday 29th January 2024. The company is developing a brain implant that aims to help patients with severeRead More →
That’s reassuring then, and they are creating it Leaders at some of the world’s leading artificial intelligence (AI) companies are expecting a form of AI on a par with, or even exceeding human intelligence to arrive sometime in the near future. But what it will eventually look like and howRead More →
The world’s five richest men have increased their combined fortune from $405 billion in March 2020 to $869 billion in November 2023, according to a report from Oxfam. Wealth increased at a rate of $14 million per hour for 5 people A report by the charity highlighted the wealth ofRead More →
The Magnificent Seven is a term coined to describe the seven most valuable and popularly owned tech companies in the U.S. stock market. It was also a 1960’s movie… The Seven Apple (AAPL) The world’s largest software company, known for its iPhone, iPad, Mac, Apple Watch, AirPods, and other devices, asRead More →
Social media platform X suffered global outages for just over an hour on Thursday 21st December 2023. According to Downdetector, which tracks outages by collating status reports, more than 47,000 U.S. users encountered issues with X and X Pro. Some users in the UK were also unable to view postsRead More →
X.AI, Elon Musk’s artificial intelligence (AI) startup, has filed with the SEC to raise up to $1 billion in an equity offering. The company has already raised nearly $135 million with the first round on 29th November 2023 according to the filing. The AI startup, which Musk announced in July 2023,Read More →
Definition Grok is a neologism (a newly coined word or expression), referenced by Robert A. Heinlein for his 1961 science fiction novel Stranger in a Strange Land. It means to understand something so deeply that you become one with it. Grok is a term used in computer programming to mean toRead More →
The stock dropped more than 15% over the last few days after the company posted third-quarter earnings on Wednesday 20th October 2023. The earnings report showed that Tesla missed analysts’ expectations on revenue and earnings per share. Tesla also announced a recall of 475,000 vehicles in the US due to aRead More →
Shares of Chinese electric vehicle manufacturers took a hit on Thursday 18th October 2023 after Tesla reported disappointing 3Q results on Wednesday 17th October 2023. It was the first time Tesla, co-founded by Elon Musk, missed on both earnings and revenue since Q2 2019. On Thursday morning, Hong Kong-listed shares of Chinese EV makers BYD and Xpeng fellRead More →
Fat profits for the pharmaceutical sector again. The maker of weight-loss drug ‘Wegovy’ has become Europe’s most valuable company, dethroning the French luxury conglomerate LVMH. Is there an irony here…? Exploitation of the obese, or a genuine attempt to help? It is used in the fight against diabetes too. It’sRead More →
Think of the biggest market for a physical product you can possibly imagine – are you thinking mobile phones, cars or game devices even? Think again…? They are all big commercial markets but in the coming decades a new product is coming and it will be so desirable that itRead More →
AI Chatbot ChatGPT reportedly has a political bias ChatGPT, the popular artificial intelligence chatbot, shows a significant and systemic left-wing bias, UK researchers have found. According to the new study by the University of East Anglia, this includes favouring the Labour Party and President Joe Biden’s Democrats in the U.S. Concerns about an inbuilt political biasRead More →