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New York CNN —Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. “The chancellor found a number of defects in the process.”But Tesla shareholders also approved moving Tesla’s state of incorporation to Texas, partly in reaction to the Delaware decision. “What we recognized in 2018 and continue to recognize today is that one thing Elon most certainly does not have is unlimited time,” Tesla board chair Robyn Denholm wrote to Tesla shareholders ahead of the most recent vote. Ark Invest has a five-year target price for Tesla shares at $2,600 a share. Not everyone on that list got there through packages of stock options.
Persons: Elon Musk, Tesla, Chancellor Kathaleen McCormick, Musk, It’s, “ It’s, Samantha Crispin, Baker Botts, , ” Musk, McCormick’s, Elon, ” Tesla, Robyn Denholm, , Tasha Keeney, ” Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Larry Page, Bill Gates —, Zuckerberg, McCormick Organizations: New, New York CNN, CNN, Tesla, ARK Invest, Elon, Invest, Microsoft, Apple, SpaceX, Amazon, Facebook Locations: New York, Delaware, Texas, , Tesla
Shareholders in Tesla voted in favor of his two big asks, reaffirming a multibillion-dollar compensation package that a Delaware judge had nullified and approving the company’s reincorporation in Texas. “I think we’re not just opening a new chapter for Tesla, we’re starting a new book,” a jubilant Musk told shareholders at the company’s annual meeting. The vote doesn’t end Tesla and Musk’s legal fights in Delaware, including over the compensation plan. About 84 percent of votes cast, excluding the Musks’ shares, backed the reincorporation proposal. DealBook hears that Tesla succeeded in getting retail investors, who were overwhelmingly supportive of Musk, to vote in far greater numbers than they usually do.
Persons: Elon Musk, , Tesla, , Musk, ” Musk, aren’t, Kimbal Organizations: Tesla, Wall Street, Vanguard, BlackRock Locations: Delaware, Texas
Nearly an hour later, the iPhone maker announced a much-rumored partnership with OpenAI to bring its ChatGPT technology to devices later this year. “I think Apple will take a pragmatic approach to the OpenAI partnership,” Wood said. Apple said it will not share any personal user information with OpenAI, so inquiries made through ChatGPT won’t be linked to an Apple user’s account. So it came as no surprise when some industry watchers, including Elon Musk, were quick to react to Apple’s partnership with OpenAI. “When users do query ChatGPT, Apple will track the prompts and gather metrics to improve its own models,” he said.
Persons: Sam Altman, Steve Wozniak, OpenAI, Altman, Tim Cook, , Ben Wood, “ Apple, Siri, Apple, ” Wood, Jeff Chiu, It’s, ” Cook, it’ll, Wood, Reece Hayden, Elon Musk, Musk, ” Musk, Annette Zimmermann, ” Andrew Cornwall, Forrester, Organizations: CNN, Apple, Insight, Apple Intelligence, Nvidia, Microsoft, ChatGPT, ABI Research, Industry, OpenAI, SpaceX, Gartner Locations: China, Washington, Cupertino , Calif
New York CNN —Meme stock mania is back. Meme stocks saw a resurgence last month after Keith Gill, an investor who helped stoke the meme stock frenzy in 2021, made his first post on X in three years. For many traders who experienced the original meme stock craze, the phenomenon has prompted a wave of deja vu. Still, there are key differences between the reignited 2024 meme stock craze and the original in 2021. While GameStop shares have surged in recent weeks, it is still down 65% from its record high closing price in 2021.
Persons: Keith Gill, ” Gill, Gill, , that’s, Craig Sarembock, , Joe Biden, Donald Trump, Trump, Biden, Samantha Delouya, That’s, Elon Musk, OpenAI, Hanna Ziady, ” Musk, Apple Organizations: CNN Business, Bell, New York CNN, stoke, GameStop, CNN, Federal Reserve, Bartlett Wealth Management, Global, ExxonMobil, Chevron, ConocoPhillips, EOG Resources, Schlumberger, Apple, SpaceX, Bluetooth, OpenAI, Developers Locations: New York, United States, OpenAI
London CNN —Elon Musk is not happy about a new partnership between Apple and ChatGPT creator OpenAI. “Apple has no clue what’s actually going on once they hand your data over to OpenAI,” Musk said in a separate post. OpenAI’s technology will support some of these new tools — for example, allowing users to direct questions to ChatGPT via their Apple devices. Greg Brockman, OpenAI president, said late Monday that ChatGPT would be integrated into Apple’s operating systems for iPhones, iPads and Mac computers. So Musk’s employees may have limited options if he wants to ban rival AI — or even OpenAI — from his companies.
Persons: London CNN — Elon Musk, OpenAI, ” Musk, Apple, Musk’s, Siri, Greg Brockman, We’re, Will, Sam Altman, , Catherine Flick, ” OpenAI, ” Matt Britzman, Hargreaves Lansdown Organizations: London CNN, Apple, SpaceX, Bluetooth, ” CNN, OpenAI, Developers, Apple Intelligence, Google, Samsung, Microsoft, Windows, Staffordshire University Locations: OpenAI, , England
Brisbane, Australia CNN —Australia’s eSafety commissioner has dropped her legal bid to force Elon Musk’s social media site X to hide a violent video of a church stabbing in Sydney from global users. The eSafety commissioner had wanted X to hide the video for users beyond Australian borders. The incident set off a riot outside the church that authorities said was stoked by the rapid distribution of the video online. “The Video is, and at all material times has been, widely accessible to persons in Australia other than on the X platform, including in its full form on other social media services and various websites,” court documents said. The Assyrian Orthodox cleric was quoted in court filings as supporting the distribution of the video as an exercise in free speech.
Persons: Australia CNN — Australia’s, Elon, Julie Inman Grant, X, Inman Grant, , Musk, , Joanne Gray, ” Gray, it’s, Bishop Mar Mari Emmanuel, eSafety, she’d Organizations: Australia CNN, University of Sydney, Good Shepherd, Australian Jewish Association, Australia’s, ABC Locations: Brisbane, Australia, Sydney
The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.
Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris
Elon Musk says AI will take all our jobs
  + stars: | 2024-05-23 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +2 min
CNN —Elon Musk says artificial intelligence will take all our jobs and that’s not necessarily a bad thing. “Probably none of us will have a job,” Musk said about AI at a tech conference on Thursday. While speaking remotely via webcam at VivaTech 2024 in Paris, Musk described a future where jobs would be “optional.”“If you want to do a job that’s kinda like a hobby, you can do a job,” Musk said. Concerns also continue to mount over how various industries and jobs will change as AI proliferates in the market. The report also said the majority of jobs previously identified as vulnerable to AI were not economically beneficial for employers to automate at that time.
Persons: CNN — Elon, ” Musk, Musk, , Ian Banks, Organizations: CNN, MIT’s Computer, Artificial Intelligence Locations: Paris
Denpasar, Indonesia Reuters —Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service for the nation’s health sector on Sunday, aiming to improve access in remote parts of the sprawling archipelago. Musk, wearing a green batik shirt, said the availability of the Starlink service in Indonesia would help millions in far-flung parts of the country to access the internet. Asked about whether he planned to also invest in Indonesia’s electric vehicle industry, Musk said he was focused on Starlink first. Prior to Sunday’s launch, Starlink obtained a permit to operate as an internet service provider for retail consumers and had been given the go-ahead to provide networks, having received a very small aperture terminal (VSAT) permit, Budi Setiadi told Reuters. SpaceX’s Starlink, which owns around 60% of the roughly 7,500 satellites orbiting earth, is dominant in the satellite internet sphere.
Persons: Indonesia Reuters — Elon Musk, Budi Gunadi Sadikin, Musk, ” Starlink, , , Joko Widodo, Budi Arie Setiadi, Starlink, Budi Setiadi, SpaceX’s Organizations: Indonesia Reuters, Indonesian Health, SpaceX, Tesla, Indonesian, . Communications, Reuters Locations: Denpasar, Indonesia, Bali, Aru, Maluku, Southeast Asia, Malaysia, Philippine, Ukraine
New York CNN —The first test subject for Neuralink, Elon Musk’s brain chip implant startup, has developed a problem just a few weeks after it was inserted. But the company said it was able to make the implant more sensitive to increase its performance even further. About a month after the operation, Musk said Arbaugh could control a computer mouse with his brain after having the chip implanted. Like existing brain-machine interfaces, the company’s implant would collect electrical signals sent out by the brain and interpret them as actions. Before Neuralink’s brain implants hit the broader market, they’ll need broader regulatory approval.
Persons: Elon, Noland, ” Neuralink, Musk, Stephen Hawking, ” Musk, Neuralink, – CNN’s Clare Duffy Organizations: New, New York CNN, Neuralink, Consumers, Drug, Wall Street Locations: New York
Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.
Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, , Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, , ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo
New York CNN —Elon Musk has given up, restoring the “lords and peasants” blue checkmark system he once admonished and assailed as elitism. “Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit,” Musk wrote in November 2022. But most journalists and other notable users who once sported the checkmark declined to fork over the cash. Even worse, trolls impersonating the identities of others were granted blue checkmarks, stripping the symbol of its core value: identity verification. A representative for X did not respond to a request for comment on Musk’s move to restore the blue checkmarks.
Persons: New York CNN — Elon Musk, Twitter’s, X, Musk, ” Musk, Musk —, , Organizations: New York CNN Locations: New York
But Musk, on a Friday afternoon, when companies tend to bury news, announced on X that Tesla would unveil its robotaxi on August 8. “Tesla Robotaxi unveil on 8/8,” the Tesla CEO (and owner of X) posted. Musk has said in the past that Tesla will make a car without controls for a human to use. Musk has said the system will one day make Tesla cars incredibly valuable. Cruise has paused its testing work after one of its self-driving cars hit and dragged a pedestrian.
Persons: CNN — Elon Musk, Tesla, “ Tesla, Musk, ” Musk, , Kelly Funkhouser, she’s, “ You’re, , Cruise, Waymo Organizations: CNN, Tesla, Consumer, Department of Justice
McRoberts’ elevation to the role comes more than a year after the company’s former safety leader, Yoel Roth, who oversaw what was then called the Trust and Safety team, resigned in the wake of Musk’s takeover. In its announcement, X said McRoberts has previously worked on other X safety features including labels that inform a user if their content is being restricted. In a post last month, Musk said he would change the name of X’s “Trust and Safety” team to simply the “Safety” team. We are changing the name of our Trust & Safety group, to simply @Safety,” Musk said. The goal of our Safety team is simply to ensure compliance with the laws that already exist to protect the people.”
Persons: New York CNN —, it’s, Kylie McRoberts —, Linda Yaccarino, Yoel Roth, X, White, Yale Cohen, Yaccarino, Musk, Pizzagate ”, McRoberts, ” X, ” Musk, Organizations: New, New York CNN, New York CNN — Elon, Twitter, Trust and Safety, Publicis Media, Google, Safety, & Safety Locations: New York, Austin , Texas,
CNN —A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. Breyer held that the reports were “unquestionably” protected by the group’s free speech rights. Now, that decision could embolden other research groups and Musk critics who have faced legal threats from the billionaire. Researchers face hurdles to studying on-platform behaviorResearchers from non-profits and academic institutions have had a harder time studying X since Musk’s takeover in 2022. But one of Musk’s first changes at X was to put access to platform data behind a steep paywall.
Persons: reprimanding Elon Musk’s, Charles Breyer, Breyer, CCDH, X, Northern District of California —, Musk, White, Elon, , Alex Abdo, ” Abdo, Angelo Carusone, Carusone, Andrew Bailey, , ” Carusone, David Karpf, ” Karpf, Nora Benavidez, Benavidez Organizations: CNN, Center, Court, Northern, Northern District of, Columbia University, “ Society, Twitter, Anti, Defamation League, Microsoft, Meta, Media, AGs, School of Media, Public Affairs, George Washington University, ” Free Press, Free Press Locations: Northern District, Northern District of California, Texas, Missouri
SAN FRANCISCO (AP) — Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday. The interview was supposed to kick off Lemon’s new talk show on X, formerly known as Twitter, at least until Musk canceled the show shortly after the interview was recorded. MUSK USES KETAMINE TO TREAT POSSIBLE SYMPTOMS OF DEPRESSIONMusk is “almost always” sober when posting on X late at night, he told Lemon. But in his interview with Lemon he did argue, on shaky evidence, that a surge of undocumented immigrants has skewed U.S. elections in favor of Democrats. Lemon pointed out that undocumented immigrants can't vote and thus can't really favor either political party.
Persons: , Don Lemon, Elon Musk, Lemon, Musk, ” Musk, , you've, , Donald Trump, “ Let's, Trump, hasn't, Biden, I've Organizations: FRANCISCO, CNN, Tesla, Twitter, TRUMP, Locations: Florida, U.S, Washington
New York CNN —Elon Musk said he is “almost always” sober during his late-night — or, in some cases, very early morning — posting sessions on his social media platform, X. The billionaire Tesla CEO’s comment was made in an interview with journalist Don Lemon, during which Musk discussed his use of the medication ketamine. Musk denied that he overuses the medication, saying, “if you use too much ketamine, you can’t really get work done. Musk previously said advertisers who left X over concerns about antisemitic content could “go f**k yourself” and accused them of killing the company. “If you insist on censorship of the entire platform, even where your advertising doesn’t appear, then obviously we will not want them as an advertiser.”
Persons: New York CNN — Elon Musk, Tesla, Don Lemon, Musk, ” Musk, Lemon, , doesn’t, X Musk, Organizations: New, New York CNN, Tesla’s, X Locations: New York
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
New York CNN —OpenAI fired back at Elon Musk, who sued the ChatGPT company last week for chasing profit and diverging from its original, nonprofit mission. Tuesday night, OpenAI published several of Musk’s emails from the early days of the company that appear to show Musk acknowledging OpenAI needed to make a ton of money to fund the incredible computing resources needed to power its AI ambitions. OpenAI in a blog post Tuesday night said Musk never followed through on his promise, committing $45 million in funding for OpenAI, while other donors raised $90 million. Musk, in a February 1, 2018, email, told company executives that the only path forward for OpenAI was for Tesla, his electric car company, to buy it. The company said in its blog post that it has not diverged from its mission, and it would move to dismiss all of Musk’s claims.
Persons: New York CNN — OpenAI, Elon Musk, OpenAI, Musk, Sam Altman, ” Musk, Tesla, Altman, , , Greg Brockman, we’ve, Organizations: New, New York CNN, Elon, OpenAI, Microsoft Locations: New York, California
Gross domestic product in India surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday. The latest rise is much stronger than analysts expected and means India’s economy “ended last year with a bang,” Thamashi De Silva, assistant India economist at Capital Economics, wrote in a note. “That pace of growth was the strongest among major economies last quarter,” she said, also noting that in 2023 as a whole GDP grew 7.7%. Analysts at Jefferies expect the country to become the world’s third-largest economy by 2027, up from fifth currently. But “any slowdown in growth will be mild, particularly as the government’s infrastructure drive is likely to prop up activity,” she added.
Persons: , Thamashi De Silva, , Narendra Modi, Elon Musk, India “, Modi, ” Musk, De Silva Organizations: London CNN, Gross, Capital Economics, Monetary Fund, Jefferies, Apple Locations: India, China, Washington, Beijing
The market value of companies listed on India’s exchanges crossed $4 trillion in late November. But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany. While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away. According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%. China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.
Persons: Peeyush Mittal, there’s, , Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, , MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman Organizations: New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, , Workers, Chennai Metro Rail, Advisory, Indian Locations: New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore
China, Japan, and Italy are all battling dwindling birth rates — and their struggles are a reminder of an issue that could eventually become a problem for the US. Elon Musk, with his three-year-old son X AE A-Xii at the 2024 Super Bowl, thinks low birth rates pose a risk to civilization. Meanwhile, economists have warned for years about plunging birth rates in Italy . AdvertisementChina has also struggled to raise its birth rate. Congress has also played up the potential for immigration to boost the economy over the longer term.
Persons: , millennials, Zeds, Zers, you’ve, Marc Ostwald, That’s, Elon Musk, Musk, X, Rob Carr, Italy party’s, , ADM’s, Donald Trump, Joe Biden, , ” Ostwald, Martin Heinrich Organizations: Service, United Nations, Business, ADM Investor Services International, Congressional, Republican, Democrat, Economic Committee Locations: China, Japan, Italy, India, “ Japan
New York CNN —Elon Musk says Neuralink’s first human trial participant can control a computer mouse with their brain, nearly one month after having the company’s chip implanted. Trial patients will have a chip surgically placed in the part of the brain that controls the intention to move. Like existing brain-machine interfaces, the company’s implant would collect electrical signals sent out by the brain and interpret them as actions. Before Neuralink’s brain implants hit the broader market, they’ll need regulatory approval. Elon Musk's Neuralink aims to one day let humans control computers with their minds.
Persons: New York CNN — Elon Musk, ” Musk, “ We’re, we’re, , Musk, Neuralink, Stephen Hawking, Elon Musk's, Gabby Jones, Sychron, , Madhok, Jen Christensen Organizations: New, New York CNN, Bloomberg, Getty, Reuters Locations: New York
New York CNN —SpaceX wants to move its business incorporation location from Delaware to Texas, according to a Wednesday filing to the Texas Secretary of State. The move by the Elon Musk-owned company comes after a Delaware state judge struck down Musk’s 2018 Tesla pay package, siding with a shareholder who had challenged it as excessive. “SpaceX has moved its state of incorporation from Delaware to Texas!” Musk posted on X Wednesday. “Never incorporate your company in the state of Delaware,” Musk posted on X in January. After the pay package ruling, Musk said he is seeking shareholder approval to incorporate Tesla, another company that he leads, in Texas.
Persons: Musk, , Neuralink, ” Musk, , Tesla, Madok, Allison Morrow Organizations: New, New York CNN, SpaceX, State, Elon Musk, United States ’, Bloomberg, Texas Locations: New York, Delaware, Texas, Nevada
Elon Musk denied Ukrainian claims that Russians are using Starlink. AdvertisementElon Musk on Sunday said Ukraine’s assessment that Russians are using Starlink in their ongoing war is “false." — Elon Musk (@elonmusk) February 11, 2024In a follow-up statement, Musk clarified that Starlink would not connect to devices in Russia. "Starlink satellites will not close the link in Russia," Musk wrote. Users who purchase Starlink services are uniquely identified and must go through an authentication process before using Starlink satellites.
Persons: Elon Musk, Musk, Starlink, , Elon, Andriy Yusov, ” Musk, , — Elon, X Organizations: Service, 83rd Assault Brigade, Ukrainian Military, SpaceX, Ukrainian Ministry of Defense, Business, Space Locations: Russia, Donetsk, Starlink, Ukraine
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