Tag Archives: Musk

Elon Musk never seems to stop making a splash in the technology world. Now, his latest move has been announced – the formation of a new artificial intelligence (AI) startup. 

The Tesla boss has declared that the new company is called xAI, and it comes with a curious label attached: according to Mr Musk, the goal of this start-up is to “understand the true nature of the universe.” 

This leaves the specific objectives and what kind of AI the company wants to focus on up to the imagination. After all, what exactly could the operations of a start-up created to “understand reality” be? 

Elon Musk vs Artificial Intelligence 

 
Although Mr Musk announcing a new endeavour in the tech sector is unsurprising, this particular one comes as a bit of a revelation. This year,…

Elon Musk on Friday confirmed that Linda Yaccarino, NBC Universal’s Chairman of Global Advertising and Partnerships, will take over as the new Twitter CEO, making “it the everything app”.

“I am excited to welcome Linda Yaccarino as the new CEO of Twitter! She will focus primarily on business operations, while I focus on product design and new technology,” Musk posted in a fresh tweet.

“Looking forward to working with Linda to transform this platform into X, the everything app,” he added.

Musk’s role will transition to being executive chair and CTO, “overseeing product, software and system operations”.

Yaccarino oversees about 2,000 workers in her role, similar to the current strength of Twitter staff after massive sacking by Musk following his $44 billion takeover late last year.

Her team…

…

Elon Musk is predictably unpredictable. 

The whimsical CEO of Tesla  (TSLA) – Get Tesla Inc Report  is never where you expect him to be. 

When a large number of CEOs do everything to avoid being in the spotlight, he embraces them. He is not afraid to provoke controversy by sometimes making thunderous statements, or to take positions that he knows will irritate his detractors. 

That’s all Elon Musk. 

The serial entrepreneur — he is involved in four prominent companies (Tesla, SpaceX, The Boring Company and Neuralink) and is in the process of acquiring a fifth (Twitter  (TWTR) – Get Twitter, Inc. Report) — now sees himself as a global CEO whose responsibility is to talk on a large number of burning issues of our time.

Twitter Inc., which has a new CEO and new largest shareholder in Elon Musk, saw its legal chief Vijaya Gadde receive a roughly 130% pay raise in 2021.

Gadde’s total compensation was more than $16.9 million last year, the San Francisco-based company disclosed in a preliminary annual proxy statement filed April 1. That’s up from the roughly $7.3 million she earned in 2020.

The securities filing came before Musk, the high-profile head of Tesla Inc., on Monday became Twitter’s largest investor by taking a 9.2% stake in the company. That move—Musk has recently criticized Twitter’s platform, which he frequently uses for his public musings—sent the social media giant’s share price soaring.

Twitter’s stock price closed Monday at $49.97 per share.

Gadde’s pay surged primarily due…