DIRS.INFO The most relevant business & tech news

☆ Bernard Arnault's wealth is slumping as the luxury boom falters
▼ + stars: | 2024-07-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Bernard Arnault's wealth fell by about 20% between late March and late July, per Bloomberg data. There's been a drop in demand for luxury goods, and LVMH posted disappointing earnings this week. Arnault is still the world's third-richest person, with an estimated net worth of $185 billion. AdvertisementLVMH CEO Bernard Arnault's wealth is slumping amid a drop in demand for luxury goods. Still, Arnault remains the world's third-richest person, and the wealthiest outside the US.

Persons: Bernard Arnault's, There's, LVMH, Arnault, —, He's, Elon Musk, Jeff Bezos Organizations: Bloomberg, Service, Elon, Business

☆ Grimes, Elon Musk's ex, is speaking out in support of his estranged trans daughter
▼ + stars: | 2024-07-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk's former partner, Grimes, has spoken out in support of the Tesla chief's daughter, Vivian Jenna Wilson. "I love and am forever endlessly proud of Vivian," Grimes wrote in an X post on Thursday. It's notable that in her support of Wilson, Grimes referred to her as "Vivian." AdvertisementWilson is one of the 12 children that Musk shares with three different women — his ex-wife, Justine Musk, Grimes, and Neuralink executive Shivon Zilis. AdvertisementRepresentatives for Musk and Grimes did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Elon Musk's, Grimes, Tesla, Vivian Jenna Wilson, Vivian, lamm, " It, ong Organizations: Service, Business Locations: Wil, usk

☆ Kamala Harris has a golden opportunity to pull Silicon Valley away from Trump and Vance
▼ + stars: | 2024-07-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

The US President endorsed his current vice president, and many prominent Democrats, including Barack Obama, have followed his lead. Money has been pouring into Harris's campaign, and the vice president has already begun campaigning against former president Donald Trump. With Vance by his side, Trump has been trying to woo Silicon Valley away from Biden. Notably, the vice president hasn't taken a strong stance on cryptocurrency, but some expect her to become more pro-crypto than Biden. Meanwhile, with support from pro-crypto running mate JD Vance, Trump has announced he plans to be the first "crypto president."

Persons: —, Kamala Harris, Harris, Joe Biden's, Barack Obama, Donald Trump, Sheryl Sandberg, Trump, JD Vance, David Sacks, Peter Thiel, Vance, Thiel, Elon Musk, Aaron Levie, techies, Sean Parker, Tony West, Kamala, she's, Ron Conway, Chiente Hsu, Biden, She's, Hsu, Reed Hastings, Levie, hasn't, Nigel Green Organizations: Service, Democratic, Business, PAC, Politico, VC, Biden, Facebook, Big Tech, Biden Administration, Democratic Party, deVere Group Locations: Silicon, California, Oakland, Bay, Harris, FTX

☆ SpaceX cleared to launch Falcon 9 rocket after rare failure
▼ + stars: | 2024-07-26 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —SpaceX’s Falcon 9 rocket — the most prolific launch vehicle in the world — is ready to return to flight after suffering a mission-ending failure during a routine journey earlier this month. On its website, SpaceX has already revealed that it will put the Falcon 9 back to work as soon as Saturday, launching a batch of Starlink internet satellites. If successful, the launch could put SpaceX back on track to returning to its routine but crucial work launching astronauts to the International Space Station. What happened to Falcon 9The Falcon 9, which is the smallest vehicle among SpaceX’s fleet of rockets, is the linchpin of the US rocket industry. A Falcon 9 had launched a group of Starlink satellites out of California on July 11 shortly before the mishap occurred.

Persons: CNN —, —, NASA —, Jared Isaacman, Elon Musk, SpaceX, “, ” Organizations: CNN, Federal Aviation Administration, Falcon, FAA, SpaceX, International Space, NASA, Polaris, Twitter Locations: California

☆ Sam Altman, under fire from Elon Musk, has now offered his own vision of open-source AI
▼ + stars: | 2024-07-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman has a vision for open-source AI, and it's not far from what the company's former cofounder, Elon Musk, has been asking for. But what's notable in Altman's proposal was how he highlighted the role open-source AI models could have in strengthening America's hold on the field. AdvertisementTo be sure, Musk also has some reservations about how open AI models should be. Advertisement"I believe that open source is necessary for a positive AI future," Zuckerberg wrote in a blog post on the same day. "There is an ongoing debate about the safety of open source AI models, and my view is that open source AI will be safer than the alternatives.

Persons: —, Sam Altman, it's, Elon Musk, Altman, Altman's, Musk, pummeling Altman, OpenAI, OpenAI's, Ilya Sutskever, Sutskever, Musk didn't, Mark Zuckerberg, Meta, Zuckerberg Organizations: Service, The Washington, Business, Google, Microsoft, OpenAI, Business Insider

☆ What JD Vance's rise tells us about the influence of Peter Thiel — and Silicon Valley in the age of Donald Trump
▼ + stars: | 2024-07-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +12 min

Without Peter Thiel, Vance does not get anywhere near the US Senate. And in Silicon Valley, the conservative movement is much stronger, and more muscular than it was before. AdvertisementThere's this narrative, promoted by people like Thiel, that Silicon Valley is super-liberal. Because Silicon Valley has conservative roots in addition to roots in the counterculture. AdvertisementLike I said, the liberal nature of Silicon Valley has always been sort of overplayed.

Persons: —, I'm, Donald Trump, Vance, Peter Thiel —, Max Chafkin, who's, Thiel, Peter Thiel's, Trump, JD Vance, Narya, It's, supercharge, Bill Pugliano, David Sacks, Peter Thiel, revel, that's, he's, Elon Musk, Marc Andreessen, They're, Elon Musk's, Apu Gomes, Steve Jobs, Ben Horowitz Organizations: Service, Republican, Trump, Business, Bloomberg Businessweek, Republican National Convention, YouTube, Ohio Senate, The, Thiel, Twitter Locations: Silicon Valley, Mithril, Narya, Ohio, West Coast, —, America, Silicon, San Francisco

☆ The personal cybersecurity concierge is a new perk, and need, among the wealthy
▼ + stars: | 2024-07-26 | by ( Ellen Sheng | ) www.cnbc.com time to read: +4 min

Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families don't think of themselves as targets because hackings are rarely publicized. JPMorgan Private Bank offers cybersecurity help to its ultra-high net worth clients, along with lifestyle and travel services. "I think one of the misconceptions is that — particularly for family offices — 'we're small and nobody notices us.'

Persons: Bill Roth, Jeff Bezos, Saudi Crown Prince Mohammed bin Salman, Lauren Sanchez, Bill Gates, Elon Musk, It's, Bobby Stover, Ernst & Young, They're, Anwar Visram, HardTarget, Ileana Van Der Linde, I've, Visram Organizations: Saudi Crown, Ernst &, JPMorgan, JPMorgan Private Bank, Asset, Wealth Management, CNBC Locations: WhatsApp, Tinder

☆ Stop trying to charge your Tesla faster with the wet towel 'hack,' company warns
▼ + stars: | 2024-07-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewTesla issued a warning against using the wet towel charging "hack" that's been circulating among some owners online. Related storiesIt's not a surprise that Tesla owners are looking for hacks to charge their vehicles faster. The damp towel trick is just one example of the many experiments Tesla owners have tried out. Other YouTubers have made videos using oranges or water bottles to cheat the sensors in the steering wheel. (Elon Musk has said the company is removing the steering wheel nag in upcoming software).

Persons: —, Tesla, It's, it's, Elon Musk Organizations: Service, Business Locations: InsideEVs

☆ How Elon Musk could benefit from a second Trump presidency
▼ + stars: | 2024-07-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewWith a few pen strokes, Donald Trump could make many of Elon Musk's problems go away. But Musk also stands to gain with a new administration controlling federal regulations. But with Trump as president, Musk wouldn't even need to dismantle the so-called "administrative state" to get federal agencies out of his way. As president, Trump could direct the Justice Department and other executive agencies to drop any actions against Trump and his friends' businesses, Gernhardt told BI. Existing federal laws from the EPA and Department of Interior could be relaxed, Blanchard said.

Persons: —, Donald Trump, Elon, Musk, Joe Biden, Trump, JD Vance —, Michael Gerhardt, Gernhardt, Jilian Blanchard, Blanchard, Gerhardt Organizations: Service, Business, University of North, SEC, SpaceX, Justice Department, Good Government, National Environmental, EPA, Department of Interior, Securities, Exchange Commission, Twitter, Interior Department Locations: Ohio, Silicon, University of North Carolina, Chevron, Texas

☆ Elon Musk's X is using your tweets to train its AI, Grok. Here's how to opt out.
▼ + stars: | 2024-07-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Elon Musk's X activated a default setting to train Grok, its AI chatbot, on user data. Users can disable data sharing in the 'Privacy and Safety' tab on X.Grok, a ChatGPT competitor, is available via premium subscription. AdvertisementYour unfiltered thoughts are about to become training data for one of the most unhinged AI chatbots on the market. X has activated a setting that, by default, gives it access to users' posts, interactions, and inputs as training data for Grok, the company's ChatGPT competitor. If you want to disable it, here's a step-by-step guide:Once on X, head to the menu on the left side and click "More."

Persons: Elon, —, here's Organizations: Service, Business

☆ Cathie Wood's Ark Invest bought the dip in Tesla and CrowdStrike after big sell-offs
▼ + stars: | 2024-07-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood snapped up beaten-down shares of Tesla and CrowdStrike after their recent pullbacks as the innovation investor doubled down on her favorite tech stocks. The widely followed investor added 33,143 shares of Tesla on Wednesday for ARK Next Generation Internet ETF (ARKW) . That would value Tesla at more than $8 trillion. Ark Invest purchased 38,595 shares of the cybersecurity software company on Friday and another 20,219 shares on Monday. Her flagship Ark Innovation ETF (ARKK ) has fallen more than 14% this year and experienced more than $2 billion in outflows, according to FactSet.

Persons: Wood, Tesla, Elon, underperformance Organizations: Tesla, Microsoft, Ark Invest, Innovation Locations: outflows

☆ Elon Musk’s transgender daughter, in first interview, says he berated her for being queer as a child
▼ + stars: | 2024-07-25 | by ( David Ingram | ) www.cnbc.com time to read: +10 min

Vivian Jenna Wilson, the transgender daughter of Elon Musk, said Thursday in her first public interview that he was an absent father who was cruel to her as a child for being queer and feminine. Wilson, 20, in an exclusive interview with NBC News, responded to comments that Musk made Monday about her and her transgender identity. She told NBC News that at the time, she was surprised by the media attention to the court filing, which she submitted when she was 18. Wilson told NBC News that those anecdotes are not true, though she said she did act stereotypically feminine in other ways as a child. Musk told Peterson that Wilson's gender transition has been the motivation for his push into conservative politics.

Persons: Elon Musk, Porte, Vivian Jenna Wilson, Wilson, Musk, I'm, Musk's, Justine Musk, He's, Donald Trump, Jordan Peterson, Peterson, Walter Isaacson —, Christiana Musk, she's, Jenna, Isaacson, Wilson —, Let's, they'll, — CNBC's Lora Kolodny Organizations: SpaceX, Tesla, Viva Technology, Porte de, NBC News, NBC Locations: Paris, Los Angeles, Tesla, California

☆ Elon Musk is still insisting he's down to fight Mark Zuckerberg: 'Any place, any time, any rules'
▼ + stars: | 2024-07-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk says his offer to fight Mark Zuckerberg still stands. "I'll fight Zuckerberg any place, any time, any rules," he said on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk is impressed with Meta's latest AI model, but he's still raring for a bout in the ring with Mark Zuckerberg. "I'll fight Zuckerberg any place, any time, any rules," Musk told reporters in Washington on Wednesday.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg, Musk, Meta, —, Benjamin Netanyahu's Organizations: Service, Capitol, Business Locations: Washington

☆ Elon Musk's Favorite Dating App Is Run by the Tokyo Government
▼ + stars: | 2024-07-25 | by ( Eliza Relman | ) www.businessinsider.com time to read: +14 min

Grace, a 29-year-old publicist in New York, has regularly used a slew of dating apps for more than four years, with little luck. Among millions, a consensus is forming: Dating apps suck so bad that they might even be deliberately keeping us from finding love. In Tokyo, the city government is even releasing its own dating app, part of a campaign called Tokyo Futari Story ("futari" means couple). Bouke de Vries, an associate professor of philosophy at Ghent University in Belgium who's studied dating apps, argues that state-run dating apps are at least in theory better positioned to help people find partners without spending too much money or time in the process. Last year, Japan's most popular dating app, the Match Group-owned Pairs, began collaborating with several prefectures and cities.

Persons: Grace, She's, it's, who'd, Tinder, Damona Hoffman, Bianca Stelian, Ryan Clarkson, —, They've, Ali Jackson, Bouke de, cupid, Bouke de Vries, Belgium who's, de Vries, Omar Minami, Cheryl Drury, They're, Francesca Katayama, Junko Yamada, Yamada, Elon Musk, I'm, Justin Garcia, Garcia, what's, there's, Eric Adams, Adams, Eve Organizations: Raya, Forbes, League, Match, Children, Families Agency, Ghent University, Government, National, Insurance, Rissho University, Department of Health, Human Services, Conservatives, Trump, PAC, Indiana University, Kinsey Institute, Match Group, Republican, Kinsey, New, New York City — Locations: New York, New York City, Japan, Australia, America, Saitama, Tokyo, Bouke de Vries, Belgium, Singapore

☆ Elon Musk’s estranged daughter calls out his ‘entirely fake’ claims about her childhood
▼ + stars: | 2024-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Vivian Jenna Wilson, Elon Musk’s estranged daughter, publicly refuted several recent anti-trans statements her Tesla CEO and X owner father has made about her. After her transition, the billionaire said, he “vowed to destroy the woke mind virus.”Musk has previously been criticized for his anti-trans comments. Musk has previously spoken about his daughter, including in the authorized biography written by journalist Walter Isaacson and published last year. In the book, the billionaire blamed his daughter’s transition in part on her time at a progressive, Los Angeles school. In the Peterson interview, Musk said he considers his child “dead” following her transition.

Persons: New York CNN — Vivian Jenna Wilson, Elon Musk’s, Wilson, ” Musk, …, ” Wilson, ”, Jordan Peterson, “, Musk, Walter Isaacson, Peterson Organizations: New, New York CNN, Twitter, Musk’s Locations: New York, Los Angeles, California

☆ Elon Musk Wants People on X to Police Election Posts. It’s Not Working Well.
▼ + stars: | 2024-07-25 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

“Kamala Harris was born in Oakland, California, USA,” the note said. Eligible to run for President of the United States.”But on dozens of other posts containing the same misinformation, no such corrections appeared. Elon Musk has done away with most content moderation rules on X since buying the social network in 2022. Those approved are added to misleading posts by an algorithm. X has determined that the program is sufficient to police most misinformation about the presidential election in November, two people familiar with the company’s plans said.

Persons: Biden, Kamala Harris, Harris, “ Kamala Harris, Elon Musk Organizations: Democratic Locations: United States, Oakland , California, USA

☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ Kamala Harris wants to be America’s first Silicon Valley president. She has tech’s support
▼ + stars: | 2024-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —With Vice President Kamala Harris the front runner to receive the Democratic Party’s nomination for president, America’s most powerful industry is set to have a candidate on the ballot from its home turf. Harris’ failed 2020 presidential bid received support from various tech luminaries, including Salesforce CEO Marc Benioff and legendary venture capitalist Ron Conway. Despite her friendly relationships with the industry’s leaders, Harris has also pushed for tech accountability in key areas. As vice president, Harris has taken a key role in the White House around establishing safety measures for artificial intelligence, which is widely viewed as the most consequential new technology in decades. In an interview with CNN, Hoffman added: “In Silicon Valley, actually there’s many threads that are very excited about her.

Persons: Kamala Harris, Harris, Sheryl Sandberg, Reed Hastings, Melinda French Gates, Donald Trump’s, Elon Musk, “ There’s, Biden, ” Aaron Levie, “, ” Harris, Sean Parker, she’s, Steve Jobs ’, Laurene Powell Jobs, Harris ’, Marc Benioff, Ron Conway, Mark Zuckerberg, ” Jeffrey Sonnenfeld, Trump Harris, Trump, ” Sonnenfeld, I’ve, didn’t, ” Levie, “ Kamala Harris, Reid Hoffman, Hoffman, …, – CNN’s Matt Egan Organizations: New, New York CNN —, Democratic, Bay Area, Netflix, White, CNN, Cambridge, OpenAI, Google, Microsoft, Yale School of Management, Trump Locations: New York, Oakland , California, California, White, Silicon Valley, Silicon

☆ Elon Musk and Jeff Bezos are arguing again with their rival rocket companies. It's the latest in a 20-year feud.
▼ + stars: | 2024-07-25 | by ( Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Musk said in 2021 that Bezos "does take himself a bit too seriously" and that he's intentionally trying to provoke the former Amazon CEO. Musk has said Bezos should "spend more time at Blue Origin and less time in the hot tub." Musk added that while Bezos has a "reasonably good engineering aptitude," he doesn't seem to be spending a lot of "mental energy" getting into the details. "As a friend of mine says, he should spend more time at Blue Origin and less time in the hot tub," Musk said. Bezos tweeted in April 2022, the month Musk announced his plans to buy the social media site.

Persons: Musk, he's, Jeff Bezos, Lauren Sanchez, Bezos, Tesla Organizations: Amazon, Financial Times, Twitter Locations: China

☆ Trump says Elon Musk 'never told me' he would pledge $45 million a month to campaign
▼ + stars: | 2024-07-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Donald Trump on Thursday said Elon Musk "never told me" he would pledge $45 million a month to support Trump's presidential bid, days after the Tesla and SpaceX CEO denied a report that he would do so. "Somebody told me he was going to give me 45 million [dollars] a month. I said, 'That sounds like a lot, even for Elon, that's a lot,'" the Republican presidential nominee said. But Musk "never told me he was giving [$45 million]," he said.

Persons: Donald Trump, Elon Musk, Trump, Biden, Joe Biden, Kamala Harris, Musk, Joe Lonsdale, Jordan Peterson Organizations: SpaceX, Musk, Fox News, Elon, Republican, Democratic, Trump, Street Locations: Charlotte , North Carolina, U.S

☆ Venture capitalist discusses how Silicon Valley, Musk view the U.S. election
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capitalist discusses how Silicon Valley, Musk view the U.S. electionVenky Ganesan, partner at Menlo Ventures, discusses how Silicon Valley is looking at the U.S. presidential elections and Tesla owner Elon Musk's endorsement of Republican nominee Donald Trump.

Persons: Venky Ganesan, Elon Musk's, Donald Trump Organizations: Email Venture, Menlo Ventures, U.S

☆ This French aerospace company is trying to lure US SpaceX workers after Elon Musk said he would relocate the company from California to Texas — and it may be working
▼ + stars: | 2024-07-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewA French aerospace company is trying to convince disgruntled American SpaceX employees to leave the US for Europe after billionaire Elon Musk announced he would relocate his rocket company from California to Texas. Stanislas Maximin, CEO of Latitude, jumped at the opportunity to poach any unhappy SpaceX employees suddenly staring down an interstate move. Maximin told CNBC that his LinkedIn post garnered some 200 messages and helped him increase his connections on the site by a third. "We have done it multiple times over," Maximin told CNBC of hiring foreigners. Musk has made the Lonestar State his home base in recent years, moving Tesla headquarters to Texas from California during the pandemic.

Persons: —, Elon Musk, Musk, Stanislas Maximin, Maximin, I'm, Lockheed Martin, Tesla Organizations: Service, SpaceX, Business, CNBC, Lockheed, LinkedIn, Lonestar State Locations: Europe, California, Texas

☆ Jim Cramer examines Wednesday's brutal tech sell-off
▼ + stars: | 2024-07-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer looked at what might have spurred Wednesday's Big Tech sell-offs, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla . Cramer was impressed with the strength in the company's search business, as well as its Google Cloud revenue, which topped estimates at $10.35 billion. But Cramer said CEO Elon Musk "told a great story of self-driving technology, sorely needed energy production, not to mention humanoid robots." Cramer suggested both Alphabet and Tesla might not have declined if the market wasn't in the midst of a broader rotation out of tech. Cramer also examined stocks that have been seeing gains on the S&P 600 — the S&P's small cap index — as investors sell the mega caps.

Persons: CNBC's Jim Cramer, it's, Tesla, Cramer, Elon Musk Organizations: Big Tech, Nasdaq, Google, ATI, Ensign Group, SPS Commerce, Mueller

☆ Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
▼ + stars: | 2024-07-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Specifically, he asked: "Should Tesla invest $5B into @xAI, assuming the valuation is set by several credible outside investors? Tesla reported second-quarter earnings that fell shy of analysts expectations for the fourth consecutive quarter, and declining revenue in its core automotive segment. During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI's software, named Grok, into its vehicles. Musk replied, "Tesla is learning quite a bit from xAI. The $5 billion number did not come up until Musk posted the poll after the call.

Persons: Musk, Elon Musk, —, Tesla's, Tesla, It's, I'm, Grok Organizations: Cannes Lions, SpaceX, The Boring Company, X Corp, Tesla, CNBC Locations: Tesla's Texas, xAI

☆ Elon Musk has finally found something that he can agree with Mark Zuckerberg on
▼ + stars: | 2024-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk and Mark Zuckerberg nearly got into a cage fight after Meta tried to dethrone X with Threads. Musk paid Zuckerberg a rare compliment after Meta released its latest AI model on Tuesday. AdvertisementElon Musk has long been at loggerheads with Mark Zuckerberg. But there is at least one subject on which Musk can see eye to eye with Zuckerberg. On Tuesday, Musk offered a rare compliment to Zuckerberg after Meta released its latest AI model, Llama 3.1.

Persons: Elon Musk, Mark Zuckerberg, Meta, Musk, Zuckerberg, — Organizations: Meta, Service, Zuckerberg, OpenAI's, Business

Search resuls for: "Elon Musk"

25 mentions found