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Why does the world’s richest person need more cash?

Days after agreeing to acquire Twitter for his initial offer of $44 billion, Elon Musk sold off Tesla stock worth nearly $4 billion in the days between November 4 and November 8, the Wall Street Journal.

Last year, Musk became the world’s richest person riding on the stock value of his electric car-making company, Tesla. At its peak price of $410 a piece, Musk’s personal worth reached a never-before figure of $340 billion last year. As we turned into the new year, Tesla stock started shedding the rapid gains, and as 2022 draws to a close, it is now down 45 percent, a Bloomberg report said.

Mark Rylance & Trudie Styler on AI, Singularity, Othering, Empathy, and Evolution.

Actor Mark Rylance and director/activist Trudie Styler sit down with Kyle Meredith to talk about Spark Hunter, a new audio drama about the world’s most advanced AI having dinner with her maker over a philosophical discussion to determine if she represents a new hope for the world, or its destruction. The two discuss how the Dalai Lama brought them together, what it means to have standing inside the laws of nature, and the points of othering, racism, empathy, and evolution that the spy-drama digs into. Rylance, who also starred in Ready Player One and Don’t Look Up, and Styler also consider if we’ll ever see singularity or if robots should even aspire to be more human, especially considering folks like Elon Musk and his actions.

Baron isn’t done betting on Tesla CEO Elon Musk, even as he dives headfirst into his new Twitter venture. “We have made a lot of money with him,” Baron said, adding that Tesla makes up 40% of his Baron’s Partners fund because his cost is so low at about $13 per share.

“I think in 2025 it [Tesla stock] will be $500 to $600. And in eight to ten years we ought to be somewhere around $4.5 trillion,” Baron said.

Baron agrees with Musk’s recent comments that Tesla could grow to be bigger than Apple and Saudi Aramco combined, which implies a valuation of more than $4 trillion.

They were apparently fired by mistake.

Elon Musk-led Twitter is now contacting dozens of its ex-employees that were laid off in the Friday mass firing to return back to work, Bloomberg.


Getty Images / CARINA JOHANSEN

Even before Musk officially took over the reins of the company, there were fears of mass layoffs, which Musk viewed as a bloated organization. Time and again, Musk has justified the need to reduce the count at the company, to keep it profitable, even though he has said that his Twitter acquisition is not about money.

BOSTON (AP) — Elon Musk tweeted Sunday that Twitter will permanently suspend any account on the social media platform that impersonates another.

The platform’s new owner issued the warning after some celebrities changed their Twitter display names — not their account names — and tweeted as ‘Elon Musk’ in reaction to the billionaire’s decision to offer verified accounts to all comers for $8 month as he simultaneously laid off a big chunk of the workforce.

“Going forward, any Twitter handles engaging in impersonation without clearly specifying “parody” will be permanently suspended,” Musk wrote. While Twitter previously issued warnings before suspensions, now that it is rolling out “widespread verification, there will be no warning.”

The investment giant was inspired by Tesla’s Optimus to conduct the report.

A new Goldman Sachs report is revealing that humanoid robots could be a $154 billion-a-year business within the next 15 years, according to a report.

This is as much as the EV market, an impressive achievement to reach in so little time if you consider how long robots have been around. In the past, Tesla CEO Elon Musk has said that the robot industry may eventually be worth more than Tesla’s automobile income.

The investment giant was also inspired by Tesla’s new unveiling of its own robot to conduct the report.

A novel brain-computer interface developed by a New York-based company called Synchron was just used to help a paralyzed patient send messages using their Apple device for the very first time. It’s a massive step up in an industry that has increasingly reported progress, which suggests that interfacing our minds with consumer devices could happen a lot sooner than some of us bargained for.

Brain-computer devices eavesdrop on brainwaves and convert these into commands. More or less the same neural signals that healthy people use to instruct their muscle fibers to twitch and enact a movement like walking or grasping an object can be used to command a robotic arm or move a cursor on a computer screen. It really is a phenomenal and game-changing piece of technology, with obvious benefits for those who are completely paralyzed and have few if any means of communicating with the outside world.

This type of technology is not exactly new. Scientists have been experimenting with brain-computer interfaces for decades, but it’s been in the last couple of years or so that we’ve actually come to see tremendous progress. Even Elon Musk has jumped on this bandwagon, founding a company called Neuralink with the ultimate goal of developing technology that allows people to transmit and receive information between their brain and a computer wirelessly — essentially connecting the human mind to devices. The idea is for anyone to be able to use this technology, even normal, healthy people, who want to augment their abilities by interfacing with machines. In 2021, Neuralink released a video of a monkey with an implanted Neuralink device playing pong, and the company wants to start clinical trials with humans soon.

Does that spell the end of the project?

It’s not looking good for Elon Musk’s hyperloop. The site of the futuristic train-like vehicle is now going to be turned into a parking lot, according to a report by Bloomberg published on Thursday.

Still, it’s not all doom and gloom.


Construction on Elon Musk’s hyperloop seems to be on hold as its site is currently being transformed into a parking lot for SpaceX employees. Is this the end of the project or will it be moved elsewhere?

The president of Turkey said on Wednesday that he might speak to Elon Musk to negotiate a way to opt out of paying for a proposed $8-a-month Twitter verification fee.

Reuters reported the news, citing an interview with Turkish broadcaster ATV.

Recep Tayyip Erdogan told ATV he was considering talking to Musk about the monthly $8 subscription, which would give users a blue checkmark, the ability to post long-form video, priority in search, and fewer ads, per Reuters.