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Search results for: "Elon Musk". 17 articles found.
Jalopnik - 3 hours 19 min agoThe National Highway Traffic Safety Administration has proposed new regulations that would help Tesla. Elon Musk's $400 million in GOP donations are unrelated.
Shares in CoreWeave, Nebius and Iren fell in early trading on Monday after Elon Musk wrote that most neoclouds will not survive. All three rebounded later in the day, as Arjun Kharpal reported for CNBC. Neoclouds rent out AI computing power, mostly Nvidia chips, to other companies. Musk set out his view in a post […] This story continues at The Next Web...
Musk said that neoclouds could struggle to get financing as lenders grow anxious about AI spending.
Verizon CEO Dan Schulman said SpaceX would need up to $500B, up to 80,000 cell towers and as many as eight years to build a US mobile network that matches Verizon's, Business Insider reported. Elon Musk replied on X that it "will take 2 or 3 years". SpaceX would need up to $500B and as […] This story continues at The Next Web...
The Truth About Cars - 13 hours 14 min agoTesla still builds cars, but Elon Musk has stopped pretending that is the point. He has turned the company's attention away from selling vehicles and toward a driverless Robotaxi service, a humanoid robot he insists will dwarf everything the company has ever made, and now the floated idea of merging with SpaceX. The automaker that by 2020 held the richest market cap of any carmaker is spending like a firm that would rather be an AI company, and the earnings tell the story.
Turo will soon let US renters search specifically for Teslas with "Full Self-Driving" (Supervised) turned on, using a direct integration with Tesla to verify each car's FSD status. The feature goes live on October 28. For Tesla, it's a new way to put FSD in front of people who don't own a Tesla, and a new source of the FSD subscriptions that now count toward Elon Musk's pay package. more...
Elon Musk says he'll give one SpaceX share to every kid in America in 2027, but key details about eligibility and distribution remain unclear.
The AI lab's IPO filing creates five classes of common stock. Only one is for sale.
Tech firm announces two-part fundraising after Elon Musk warns hundreds of AI startups face collapse Mark Zuckerberg's Meta has announced plans for a $95bn ( 71bn) fundraising to cover its AI expenditure, even as Elon Musk warned that funding for smaller players in the sector was drying up. The owner of Facebook, Instagram and WhatsApp is a leading investor in AI and is ploughing multibillion-dollar sums into datacentres, the central nervous systems of the technology. Continue reading...
Elon Musk said in an X post that SpaceX has closed $40 billion in debt financing to purchase GPUs.
David Futrelle The world's richest man saying he's "wised up" to the fiction of self-government is leveraging his wealth to sway elections, threaten Congress, and alter the global balance of power. The post Elon Musk's Mortal Threat to Democracy appeared first on The Nation .
Elon Musk is the latest to warn of an A.I. shakeout, singling out neoclouds as facing "guppy-level death and consolidation."...
Meta says share sale will support its "continued investment in AI infrastructure and personal superintelligence", as Elon Musk warns some AI cloud computing firms face guppy-level death' UK government borrowing costs are dropping this morning, a welcome sign ahead of Wednesday's budget. The yield (or interest rate) on 10 and 30-year UK gilts have both dropped by around three basis points (0.03 of a percentage point) this morning. Issuing loans to public financial institutions creates...
Elon Musk is now addressing the controversial disruption of Starlink services in Ukraine, saying that the Ukrainian military violated the company's terms of service by using it in combat operations that led to the deaths of people in Russia, prompting restricted access to the high-speed satellite technology. Ukraine denies it used it for that purpose. NBC's Keir Simmons reports for TODAY from Moscow.
SpaceX has secured $40 billion in debt financing to buy graphics processing units (GPUs), the chips used to run AI systems, Elon Musk said in a post on X on Sunday. Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn't have […] This story continues at The Next Web...
Stephen King and Elon Musk have clashed on X over the US Senate race in Texas.
Investors are already questioning the debt-fueled expansion of neoclouds and whether the large AI infrastructure build-out will generate long-term returns.
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