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Category: Elon Musk – Page 87

Elon Musk’s history with OpenAI—the maker of A.I. chatbot ChatGPT—as told by ChatGPT itself

The buzz will likely ramp up even more when OpenAI releases a superior next version of the A.I. chatbot, reportedly sometime next year.

Speaking of buzz, few people have been generating more of it lately than Elon Musk, who leads Tesla, SpaceX, and now Twitter, among other companies. As it turns out, Musk has ties to OpenAI, including as an original backer, and has been involved in both supporting artificial intelligence and warning about its dangers.

This month Musk called ChatGPT “scary good” and warned, “We are not far from dangerously strong AI.”

World’s first attempt to reach orbit with methane-fueled rocket fails

The mission was also China’s first liftoff of a commercially developed liquid propellant rocket.

Chinese launch company LandSpace was touted to be akin to Elon Musk’s SpaceX. They were preparing a satellite launch that could beat Musk’s company with a methane-fueled rocket, reported Bloomberg.

Unfortunately, on Wednesday, the world’s first methane-fueled expendable rocket to be launched toward orbit failed to reach its goal. Hopes were high as the mission was also China’s first liftoff of a commercially developed liquid propellant rocket.

Elon Musk sells nearly $3.6 billion of Tesla stock this week

Making the total amount of sold Tesla stocks nearly $40 billion over the past year.

Tesla CEO, Elon Musk, has been on a selling spree of his company’s stock this year. Earlier this week, Musk sold 22 million shares over a period of three days, a filing with the U.S. financial regulator has revealed, the BBC

Musk, who rose to the top of the world’s wealthiest people list last year riding on Tesla stock price, has spent most of 2022 dealing with this start-again-stop-again campaign to acquire Twitter. Musk, who was quite secretive about acquiring Twitter stock at the beginning of the year, shocked many by declaring his intent to buy out the social media company and take it private.

Tesla’s sinking stock price pushes Elon Musk to #2 on the world’s richest list

Musk’s attention to Twitter is hurting his bread and butter.

Since September last year, Elon Musk has been regarded as the world’s richest person. The stock price of the electric vehicle-making company Tesla has been the sole reason behind his dramatic rise to the top. With Tesla stock dropping 50 percent value since the beginning of the year, Musk has now dropped to number two on the list of the world’s richest people, Bloomberg.

Getty Images.

In April, Musk announced his decision to buy out Twitter and take the social media company private to unlock its true potential. The timing of his offer could not be worse as the U.S. Federal Bank began tightening its fiscal policy to rein in inflation. Within days, Musk’s $44 billion offer seemed a price too high to pay, as the stock prices of tech companies began shrinking with higher interest rates.

What Elon Musk Can Learn from Steve Jobs’s Return to Apple

It’s been just over a month since Elon Musk moved ahead with a $44 billion-dollar deal to buy Twitter and take the company private. These have been eventful weeks: Layoffs and resignations roughly halved the headcount at the company. Major changes to the service (Twitter Blue) have been rolled out only to be almost immediately rolled back, and Musk has begun to outline a new vision for what the company might become. On top of that, thousands of banned accounts have been reinstated, advertising is way down, and users have speculated about the service’s impending collapse and searched out alternatives.

Changing the strategic direction of an existing company is among the hardest management challenges out there. Most attempts fail. In trying to remake Twitter, Elon Musk has a daunting task ahead of him. There’s precedent, however, for dramatically reimagining a major tech company: Steve Jobs’ transformation of Apple after he returned to the company in 1997. And it may have important lessons for how Musk — and other leaders — can navigate the period of painful misalignment that comes with strategic change. Namely, how this period requires managers to commit to tough decisions in three areas: product, organization, and stakeholders.

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Jobs pulled off a difficult — and controversial — strategic realignment, offering lessons for Musk’s attempts to transform Twitter.

Elon’s AGILE Takeover (of Twitter) | Experts don’t get Elon bc Experts don’t get AGILE!

MSM and Experts fail to see the logic in how Elon Musk is taking over Twitter. They think it’s chaos, a mess, he’s out of his depth. But Elon is just working AGILE, and AGILE always seems like a mess to onlookers used to traditional work!
The video describes Elon’s Agile Takeover of Twitter and shows the opportunity worth BILLION$ that Elon Musk has ALREADY unlocked.

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Hate Elon Musk all you want, but he’s got one management trick that every boss should emulate

Balancing management ability and technical expertise is an active debate in the software industry, where, depending on whom you ask, an engineering manager’s interest or ability to code is dependent on whether the team is able to operate without them. Scott Berkun, the author of “Making Things Happen: Mastering Project Management,” told SD Times he believed the two disciplines were somewhat oppositional: “Coding requires intense uninterrupted concentration, while management requires dealing with constant interruptions and context switching.”

“Being able to do both is not something that a lot of people can do in practice.”

Berkun isn’t wrong — the incredible focus and discipline one must have to constantly write, test, and execute code in production are very different attributes to those of a manager. And just because someone is a high-performing employee doesn’t mean they can or should become a manager. Being in charge of employees is a unique skill that requires its own form of training and knowledge. Switching between producing valuable work for the company and leading a team of employees is not for everyone. As I’ve suggested before, the ratio of managers to the people they manage should be much larger if the manager isn’t doing the actual labor — but even then, the lack of practical experience will make it harder for them to be effective. But because the managerial class has become the only avenue for real advancement at many companies, many organizations end up with a jumble of disconnected or micromanaging bosses who aren’t right for the job.

New SpaceX tender offer reportedly raises company’s valuation to $140 billion

The private space firm has had another record-breaking year.

SpaceX has already had an astronomical year. And now, the private space company is offering to sell insider shares at a price that would raise its valuation to roughly $140 billion.

SpaceX’s new $140 billion valuation.

Sundry Photography/iStock.

SpaceX, run by the world’s richest person, Elon Musk, is offering a price of $77 per share, according to anonymous insiders interviewed by Bloomberg. If the report on that new valuation is true, it will raise SpaceX’s standing by $13 billion over its $127 billion valuation in July.