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☆ Check out the hilariously low-effort website for the Musk Foundation, where billions of Elon Musk's philanthropy money goes
▼ + stars: | 2024-03-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk's charity platform, the Musk Foundation, has come under some scrutiny from The New York Times. Set up in 2002, the foundation's website has a very plain looking design that is devoid of graphics. In 2002, the billionaire started his charity platform, the Musk Foundation, with his brother, Kimbal. But its website appears to be fairly sparse for an organization endowed with billions of dollars from Musk's fortune. This story is available exclusively to Business Insider subscribers.

Persons: Elon, —, Kimbal, Musk Organizations: Musk Foundation, New York Times, The Times, Service, Business

☆ Musk’s haphazard philanthropy is under scrutiny
▼ + stars: | 2024-03-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year. But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times. In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas. “The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.

Persons: CNN Business ’, New York CNN — Elon Musk, Tesla, ”, MacKenzie Scott, Jeff Bezos, “, ’, ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic Organizations: CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX Locations: New York, Cameron County , Texas

☆ Half of donations made by The Musk Foundation had links to Musk, his businesses: NYT
▼ + stars: | 2024-03-11 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

Half of donations made in 2021 and 2022 had links to Musk, his employees, or his businesses, it found. The Musk Foundation also regularly falls short of minimum required donations set by tax laws, it said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . About half of the donations made by Musk's charitable Musk Foundation in 2021 and 2022 had some link to him, one of his employees, or one of his businesses, the analysis found. For instance, in March 2021 the Musk Foundation gave millions to Cameron County — a pledge made by Musk within hours of a SpaceX rocket blowing up and scattering metal across the area.

Persons: Elon, — Organizations: New York Times, Musk Foundation, Service, The New York Times, SpaceX, Business Locations: Cameron

☆ Taking a deep dive into the Musk Foundation's shortfalls
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaking a deep dive into the Musk Foundation's shortfallsDavid Fahrenthold, NYT reporter, joins 'Power Lunch' to discuss Elon Musk's donations to his charity.

Persons: David Fahrenthold, Elon

☆ Elon Musk Has a Giant Charity. Its Money Stays Close to Home.
▼ + stars: | 2024-03-10 | by ( David A. Fahrenthold | Ryan Mac | ) www.nytimes.com time to read: 1 min

Before March 2021, Elon Musk’s charitable foundation had never announced any donations to Cameron County, an impoverished region at the southern tip of Texas that is home to his SpaceX launch site and local officials who help regulate it. Then, at 8:05 one morning that month, a SpaceX rocket blew up, showering the area with a rain of twisted metal. The Musk Foundation began giving at 9:27 a.m. local time.

Persons: Elon Organizations: SpaceX, Musk Foundation Locations: Cameron County, Texas

☆ Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities
▼ + stars: | 2024-03-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

"'Super rich ex-wives who hate their former spouse' should be listed among 'Reasons that Western Civilization died,'" Musk wrote in an X post referencing Jeff Bezos' ex-wife. Shame on anyone who uses it," Musk wrote on X in January. Unfortunately, a lot of others are getting caught in the crossfire," Musk wrote in an X post at the time. "The hard part is figuring out how to do it in a levered way," Bezos told CNN. In 2021, Musk donated $5.7 billion in Tesla shares to the Musk Foundation, a charity he started with his brother, Kimbal, in 2002.

Persons: —, Elon, MacKenzie, Jeff Bezos, Musk, who'd, Scott, ”, ” — Elon, she's, ahem, Bezos, she'd, Ruth Simmons, Simmons, he's, Kimbal, St Organizations: Service, Business, Republican, Democratic Party, M University, Associated Press, CNN, Musk Foundation, St Jude Children's Research, Bloomberg, Musk, Business Insider Locations: Prairie

☆ Elon Musk wants to get in on the action to decipher 2,000-year-old papyrus scrolls
▼ + stars: | 2024-02-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk is keen to help with efforts to decode 2,000-year-old papyrus scrolls. In a post on X, the billionaire volunteered funds for the Vesuvius Challenge project. Musk told Bloomberg that he was in "favor of civilizational enlightenment." AdvertisementElon Musk wants to help with efforts to decode 2,000-year-old papyrus scrolls. AdvertisementThe Vesuvius Challenge is ongoing since the scrolls have only been partially deciphered.

Persons: Elon Musk, Musk, —, Skip, Nat Friedman, GitHub, Luke Farritor, Youssef Nader, Julian Schilliger Organizations: Bloomberg, Service, Musk Foundation, SpaceX, University of Nebraska, Business Locations: Herculaneum, Mount, Lincoln, Berlin, Swiss, Zurich

☆ Elon Musk, who's fathered 10 children, reportedly donated $10 million to fund a fertility and population research project
▼ + stars: | 2023-08-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Per a new Bloomberg report, the billionaire donated $10 million to a project researching fertility. The money was given by The Musk Foundation to the University of Texas at Austin in 2021. A Bloomberg report revealed Monday that he's backed that up with a $10 million donation to a fertility and population research project. The PWI is a joint project of the University's Population Research Center and its economics department. Musk and a UT Austin spokesperson did not immediately respond to Insider's request for comment, sent outside US working hours.

Persons: Elon Musk, Will MacAskill —, Sam Bankman, Musk, Grimes Organizations: Bloomberg, The Musk Foundation, University of Texas, Morning, Population Research Center, UT Austin Locations: Austin

☆ Mark Zuckerberg says people should assume Elon Musk's comments about their cage fight 'has not been agreed on'
▼ + stars: | 2023-08-12 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg suggested that people should take Elon Musk's comments with a pinch of salt. He said on Threads on Friday that people should "assume anything he says has not been agreed on." The Meta chief made the quip after Musk claimed that an "epic location" had been agreed upon. Mark Zuckerberg and Elon Musk have renewed their intense rivalry as both billionaires continue to exchange jabs. "Until then, please assume anything he says has not been agreed on," Zuckerberg wrote.

Persons: Mark Zuckerberg, Elon Musk's, Musk, Elon Musk, Zuckerberg, he'll, Elon, I'm, Chan, Gennaro Sangiuliano, Musk brazenly, X didn't Organizations: Morning, UFC, Initiative, Musk Foundation, Culture, Italy's, Twitter, Meta Locations: Rome

☆ AI experts disown Musk-backed campaign citing their research
▼ + stars: | 2023-03-31 | by ( Martin Coulter | ) www.reuters.com time to read: +4 min

Civil society groups in the U.S. and EU have since pressed lawmakers to rein in OpenAI's research. Among the research cited was "On the Dangers of Stochastic Parrots", a well-known paper co-authored by Margaret Mitchell, who previously oversaw ethical AI research at Google. Her research argued the present-day use of AI systems could influence decision-making in relation to climate change, nuclear war, and other existential threats. Asked to comment on the criticism, FLI's Tegmark said both short-term and long-term risks of AI should be taken seriously. Twitter will soon launch a new fee structure for access to its research data, potentially hindering research on the subject.

March 29 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Rather than pause research, she said, AI researchers should be subjected to greater transparency requirements. "If you do AI research, you should be very transparent about how you do it."

March 28 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society and humanity. "Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said. The letter detailed potential risks to society and civilization by human-competitive AI systems in the form of economic and political disruptions, and called on developers to work with policymakers on governance and regulatory authorities. Co-signatories included Stability AI CEO Emad Mostaque, researchers at Alphabet-owned (GOOGL.O) DeepMind, as well as AI heavyweights Yoshua Bengio and Stuart Russell. Musk, whose carmaker Tesla (TSLA.O) is using AI for an autopilot system, has been vocal about his concerns about AI.

☆ Musk donated around $1.95 billion in Tesla shares last year
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan ErnstFeb 14 (Reuters) - Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world's most valuable automaker to charity last year, a filing with the U.S. Securities and Exchange Commission (SEC) showed on Tuesday. Musk donated about 11.6 million shares between August and December last year, according to the filing, which did not say which organization or organizations were the recipients. Musk donated about $5.74 billion in 2021. Analysts have said that Musk might benefit from gifting Tesla stock if he donated it to charity, since shares donated to charities do not have to pay capital gains tax, as they would if they were sold.

☆ Bill Gates said he'd rather fund vaccines to 'save lives' than go to Mars, but he thinks someday Elon Musk will be a 'great philanthropist'
▼ + stars: | 2023-02-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Bill Gates told the BBC he does not think traveling to Mars is a good use of money. The Bill & Melinda Gates Foundation, the nonprofit founded by Gates and his ex-wife Melinda French-Gates, has put billions of dollars towards researching, developing, and delivering vaccines to the world's poorest countries. Last year, Musk made a $5.7 billion charitable donation in Tesla shares to the Musk Foundation, which he launched with his brother, Kimball Musk, in 2002. Gates and Musk have publicly disagreed in the past, including on COVID-19, how to address climate change, and space travel. Musk and the Bill & Melinda Gates Foundation did not immediately respond to Insider's request for comment.

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