Musk – pressnews

New Republic slaps ‘Scoundrel of the Year’ title on X owner Elon Musk, calls him ‘evil’, ‘deeply hateful’

29Dec

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Technology

New Republic slaps ‘Scoundrel of the Year’ title on X owner Elon Musk, calls him ‘evil’, ‘deeply hateful’

[ad_1] In a shocking development, the American magazine, the New Republic has crowned X owner Elon Musk as ‘The Scoundrel of the Year'. In a long article liberally seeded with choice name-calling, the magazine charted out the actions and decisions made by the billionaire in 2023 that got his this dubious award. The New Republic said, “He proved this year that he's not just evil but deeply stupid too”. This comes after Musk made the headlines recently for posting anti-semitic comments on X, which led to multiple advertisers boycotting the platform and also using expletives during a live interview.Awarding Musk the controversial title, the publication highlighted all his decisions made after taking over Twitter as the reason why. The magazine added, “It is hard to think of a billionaire w...

Elon Musk-owned X can lose up to $75 mn by the end of 2023 due to advertisers fleeing, says report

25Nov

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Technology

Elon Musk-owned X can lose up to $75 mn by the end of 2023 due to advertisers fleeing, says report

[ad_1] The advertising woes for X (formerly Twitter) are growing by the day. Recently, the platform witnessed major companies pulling out of showing ads including Apple, IBM, and Comcast. Now, a new report claims that the Elon Musk-owned social media platform can lose as much as 75 million dollars by the end of 2023 due to the exodus of companies. It all started after some reports emerged claiming that Musk backed an antisemitic post on the platform last week. On X, Musk could be seen agreeing to a poster that said Jewish communities hate white communities. This has led several companies including Walt Disney and Warner Bros Discovery to pause their advertisements on the site formerly called Twitter. X faces advertising woesX has struck back and sued media watchdog group Media Matters, ...

AI summit a start but global agreement a distant hope

4Nov

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Technology

AI summit a start but global agreement a distant hope

[ad_1] British Prime Minister Rishi Sunak championed a series of landmark agreements after hosting the first artificial intelligence (AI) safety summit but a global plan for overseeing the technology remains a long way off.Over two days of talks between world leaders, business executives and researchers, tech CEOs such as Elon Musk and OpenAI's Sam Altman rubbed shoulders with the likes of U.S. Vice President Kamala Harris and European Commission chief Ursula von der Leyen to discuss the future regulation of AI. We are now on WhatsApp. Click to join. Leaders from 28 nations – including China – signed the Bletchley Declaration, a joint statement acknowledging the technology's risks; the U.S. and Britain both announced plans to launch their own AI safety institutes; and two more summits w...

Musk Says Twitter Cash Flow Still Negative as Ad Revenue Halved

16Jul

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Technology

Musk Says Twitter Cash Flow Still Negative as Ad Revenue Halved

[ad_1] Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt load and a roughly 50% drop in advertising revenue.The social media site will “need to reach positive cash flow before we have the luxury of anything else,” Musk said in a tweet. Several top advertisers paused spending on the platform after Musk acquired the company last year over concerns about changes the billionaire could make. Earlier this year, Musk said that many of the advertisers who fled had returned, and that becoming cash-flow positive was imminent. “Almost all of them have either come back or said they're coming back,” Musk said in a Twitter Spaces in April.Advertiser spending dropped 89% to $7.6 million over a two-month period early this year, according to estimates for ...

Digital superintelligence could take over China? Know what Elon Musk said

14Jul

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Technology

Digital superintelligence could take over China? Know what Elon Musk said

[ad_1] Billionaire Elon Musk recently expressed his belief that China stands alongside humanity when it comes to artificial intelligence (AI). He stated that China would be open to collaborating with the international community to establish common guidelines for this transformative technology, which he refers to as a "civilisational risk."Musk also underlined the threat that AI poses to China. The Tesla CEO says he told the Chinese leadership that if they create some kind of a Digital superintelligence, then it could very well take over the Communist Party itself and through this powerful platform, even China itself. “No government wants to find itself unseated by a digital superintelligence,” Musk said. He added that this point actually hit its mark and the Chinese authorities took not...

Musk will train if Las Vegas martial arts cage match takes hold

25Jun

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Technology

Musk will train if Las Vegas martial arts cage match takes hold

[ad_1] Elon Musk said on Saturday he will start training if the mixed martial arts cage fight he has provoked with fellow billionaire media mogul Mark Zuckerberg takes shape.Twitter owner Musk tweeted on Tuesday he was up for a cage match in Las Vegas with Zuckerberg, CEO of Facebook parent Meta, who has trained in jiu-jitsu. "I haven't started training yet. So if this does happen, I will," Musk said in a talk on Twitter with Ashlee Vance, the author of a book on Musk and the space race. The match "might actually happen" said Musk while attending a birthday party in Europe, adding it was possible that it could go badly if Zuckerberg takes the match seriously.Musk also said SpaceX investments in the rocket Starship, the debut flight of which exploded over the Gulf of Mexico in April rais...

Twitter video app for Smart TVs is coming, says Elon Musk

19Jun

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Technology

Twitter video app for Smart TVs is coming, says Elon Musk

[ad_1] Twitter seems interested in launching a Twitter video app for smart TVs as owner Elon Musk said "It's coming." Responding to a tweet suggesting that a Twitter video app is needed, Musk replied "It's coming". On Twitter, a user with an account name S-M Robinson said, "We really need a Twitter video app for Smart TVs. I'm not watching an hour-long video on Twitter." To which Musk replied, "It's coming." After which the user tweeted, "Appreciate it. I can see a day where I can cancel my subscription to YouTube, and never look at it again." Elon Musk is making several changes on Twitter and one of them is where social media is likely to focus on video, creator and commerce partnerships, New York Post reported, citing Reuters. Earlier, Musk said that Twitter will soon start paying c...

Twitter’s launch of DeSantis’ presidential bid underscores platform’s rightward shift under Musk

26May

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Technology

Twitter’s launch of DeSantis’ presidential bid underscores platform’s rightward shift under Musk

[ad_1] Two years ago, signing a bill intended to punish Twitter and other major social media companies, Florida Gov. Ron DeSantis blasted the platforms as "suppressing ideas” during the COVID-19 pandemic and silencing conservative voices.What a turnaround. The new Elon Musk-owned version of Twitter helped DeSantis launch his bid for the Republican presidential nomination Wednesday. Though it was marred by technical glitches and skewered by the candidate's critics, the forum nevertheless underscored Twitter's unmistakable shift to the right under Musk, who bought it for $44 billion and took over in October. “The truth was censored repeatedly, and now that Twitter is in the hands of a free speech advocate, that would not be able to happen again on this Twitter platform,” DeSantis said dur...

Elon Musk wants to build a digital town square; But his debut for DeSantis had a tech failure

25May

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Technology

Elon Musk wants to build a digital town square; But his debut for DeSantis had a tech failure

[ad_1] Elon Musk wants to turn Twitter into a “digital town square,” but his much-publicized Twitter Spaces kickoff event, with Florida Gov. Ron DeSantis announcing his run for president, struggled with technical glitches and a near half-hour delay Tuesday.The billionaire Twitter owner said the problems were due to “straining” servers because so many people were trying to listen to the audio-only event. But even at their highest, the number of listeners listed topped out at around 420,000, far from the millions of viewers that televised presidential announcements attract. “There's so many people,” said host David Sacks amid the disruptions. “We've got so many people here that we are kind of melting the servers, which is a good sign.” After it concluded without further disruptions, Musk,...

Tesla ‘serious’ on establishing India production, innovation base, minister says

19May

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Technology

Tesla ‘serious’ on establishing India production, innovation base, minister says

[ad_1] Tesla Inc is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market. "They are very seriously looking at India as a production and innovation base," Rajeev Chandrasekhar said in the first public comment by an Indian government official on the talks. "We have signalled to them that the government of India is working together (and) will certainly make whatever ambitions they have or inves...