Reuters reports that Elon Musk made the assertions
in an effort to secure funding from lenders...
... as part of his $44 billion buyout of the social media platform.
Reportedly, Musk stated he will significantly cut executive and board pay.
And committed to developing new systems for the monetization of tweets on the platform.
A spokesperson for Twitter has yet to respond to news of the development.
Musk has reportedly secured $13 billion in lending in order to buy Twitter.
He acquired an additional $12.5 billion margin loan that is hitched to his own stock in Tesla.
Musk will reportedly use personal cash for the remaining $18.5 billion.
The entrepreneur is reportedly worth $246 billion.
Sources say that Musk's pitch to banks about slashing salaries and monetizing tweets
does not represent binding commitments.
In a recently-deleted tweet, Musk hinted that he intended to shift Twitter's business model away from ad-generated revenue.
Musk recently announced his offload of nearly
$8.5 billion worth of Tesla shares.
It is widely assumed that selling Tesla stock will help to pay the $44 billion Twitter price tag.
Bank officials are reportedly cautious due to fear that lead Twitter talent will leave in the company once Musk's acquisition of the platform has been finalized
Elon Musk Sets Poop Emoji , as Autoreply to Reporters.
Elon Musk Sets Poop Emoji , as Autoreply to Reporters.
Gizmodo reports that Twitter CEO Elon Musk made the announcement via a tweet on March 19.
When Gizmodo reached out to press@twitter.com for a comment,
they received a poop emoji in return.
Amid Musk's mass layoffs since
acquiring the company in October,
Twitter's communications team was let go.
The move is in line with policies at his other companies, Tesla and SpaceX, which don't make a habit of responding to the press.
The move is in line with policies at his other companies, Tesla and SpaceX, which don't make a habit of responding to the press.
Musk has a history of disdain for the media.
In February, Musk said Twitter would take legal action against a disgruntled ex-employee who was a source for a Platformer article.
In December, Musk referred to a Reuters article alleging that Twitter had taken down suicide prevention information as "fake news.".
According to CBS News, Musk has also accused reporters of bias against Tesla and being in cahoots with the company's rivals
Credit: Wibbitz Top Stories Duration: 01:31Published
witter owner and Billionaire Elon Musk has said that former US President Donald Trump will be re-elected in a landslide victory
#ElonMusk #DonaldTrump #USPresident
Twitter owner and Billionaire Elon Musk has said that former US President Donald Trump will be re-elected in a landslide victory
#ElonMusk #DonaldTrump #USPresident
OpenAI Unveils, New Chatbot That Can , 'See' Uploaded Images.
On March 14, the San Francisco tech
company behind ChatGPT announced a new
version of its artificial intelligence software.
On March 14, the San Francisco tech
company behind ChatGPT announced a new
version of its artificial intelligence software.
NBC reports that OpenAI said its new GPT-4 software , "can solve difficult problems with greater
accuracy, thanks to its broader general
knowledge and problem solving abilities.".
According to the company,
the AI has a variety of capabilities that
separate it from its previous iterations.
These include the ability
to process and "reason"
based on user-uploaded images.
GPT-4 is a large multimodal model
(accepting image and text inputs, emitting
text outputs) that, while less capable than
humans in many real-world scenarios,
exhibits human-level performance on various professional and academic benchmarks, Via OpenAI.com.
NBC reports that the latest version of ChatGPT is not
available for free, but it is available for people to try
on ChatGPT Plus, the company's subscription service.
NBC reports that the latest version of ChatGPT is not
available for free, but it is available for people to try
on ChatGPT Plus, the company's subscription service.
In 2015, OpenAI launched with funding
from tech industry leaders such as
Elon Musk, Peter Thiel and Reid Hoffman.
In 2015, OpenAI launched with funding
from tech industry leaders such as
Elon Musk, Peter Thiel and Reid Hoffman.
In 2015, OpenAI launched with funding
from tech industry leaders such as
Elon Musk, Peter Thiel and Reid Hoffman.
In 2015, OpenAI launched with funding
from tech industry leaders such as
Elon Musk, Peter Thiel and Reid Hoffman.
In 2015, OpenAI launched with funding
from tech industry leaders such as
Elon Musk, Peter Thiel and Reid Hoffman.
The advent of OpenAI's ChatGPT chatbot has sent shockwaves
throughout the tech sector and given rise to questions
of ethics and the regulation of a rapidly developing technology.
The release of OpenAI's chatbot has even
shaken up Google over concerns that AI tech
could impact its share of the search engine market.
The release of OpenAI's chatbot has even
shaken up Google over concerns that AI tech
could impact its share of the search engine market.
NBC reports that Sarah Myers West,
the managing director of the AI Now Institute,
warns that releasing systems like this without regulation , âis essentially experimenting in the wild.â
Credit: Wibbitz Top Stories Duration: 01:30Published
Elon Musk Apologizes After Mocking , Laid-Off, Disabled Twitter Employee.
Associated Press reports that Haraldur Thorleifsson began working for Twitter in 2021 when his startup, Ueno, was acquired by the company.
On March 5, Throleifsson, who lives in Iceland, signed on to his computer to work.
But he and about 200 other people were locked out of the system.
Considering the recent mass layoffs at Twitter, Thorleifsson questioned whether he still had a job.
He reached out to the appropriate
channels to see if he was still employed
but didn't hear back for nine days.
So he decided to tweet Twitter CEO
Elon Musk to see if he could get an answer.
Musk went on to question Thorleifsson about his role at Twitter and his disability. .
Musk then accused Thorleifsson
of just trying to "get a big payout.".
Thorleifsson said he received an email amid the Twitter exchange that he had been let go.
But on March 7, Musk issued a public apology
Credit: Wibbitz Top Stories Duration: 01:30Published
Alex Gibney to Make , Elon Musk Documentary.
Alex Gibney to Make , Elon Musk Documentary.
'Variety' reports that the Oscar-winning director made the announcement on March 6.
The project, which is already in production, will be a âdefinitive and unvarnished examination of multi-billionaire tech entrepreneur and CEO of Tesla, SpaceX and Twitter.â.
Gibney said he was "hugely excited"
to examine Musk on film.
The documentary will be produced by
Jigsaw Productions, Closer Media,
Anonymous Content and Double Agent.
Now is the moment for a rigorous portrait of Elon Musk, who is undeniably one of the most influential figures of our time. , Zhang Xin, Closer Media founder, via statement.
Closer Media is thrilled to join forces with Alex Gibney, Anonymous Content, and Double Agent to take on the challenge of examining Musk
and his impact on the world, Zhang Xin, Closer Media founder, via statement.
Some of Gibney's notable works include
'Going Clear: Scientology and the Prison of Belief,'.
'Taxi to the Dark Side,'
'Enron: The Smartest Guys in the Room'.
and 'Steve Jobs: The Man in the Machine.'
Credit: Wibbitz Top Stories Duration: 01:30Published
Tesla Issues Price Cuts , on Most Expensive Models.
CNN reports that in January,
the company offered discounts up to 20%.
The discounts led to increased orders.
CNN reports that Tesla CEO Elon Musk said the company would lower prices further to drive demand, which it appears they have done.
CNN reports that Tesla CEO Elon Musk said the company would lower prices further to drive demand, which it appears they have done.
The desire for people to own a Tesla is extremely high. The limiting factor is their ability to pay for a Tesla, Elon Musk, via Tesla's investor day.
CNN reports the Model S and Model X made up
close to 4% of Tesla's global deliveries last year.
CNN reports the Model S and Model X made up
close to 4% of Tesla's global deliveries last year.
The company's cheaper models, the Model 3 sedan and Model Y crossover, accounted for the rest.
The company's cheaper models, the Model 3 sedan and Model Y crossover, accounted for the rest.
According to Tesla's website, both
Model S versions are now $5,000 less.
The price of Model X cars was cut by $10,000.
Reuters reports that Tesla intends to
produce a new Model 3 version this year
Credit: Wibbitz Top Stories Duration: 01:30Published
According to reports, Elon Musk has once again lost his spot as the world's richest person just 48 hours after he reclaimed the title. Earlier this week, the Tesla and SpaceX chief briefly retook the number one spot on the global wealth pyramid.
#ElonMusk #BernardArnault #WorldsRichestPerson
Tesla to Build , Assembly Plant in Mexico.
CNN reports that Tesla CEO Elon Musk
made the announcement on March 1.
The new plant will be
near the city of Monterrey.
Weâre super excited about it. Weâll continue to expand production at all of our existing factories, Elon Musk, via statement.
So this is not moving output to anywhere, from anywhere. This is supplemental production, Elon Musk, via statement.
CNN reports that Tesla also has assembly plants in California, China, Texas and Germany.
According to Mexican officials, the new factory could cost $1 billion.
CNN reports that Tesla delivered
over 1.3 million vehicles last year.
The company has a goal of bolstering production to 20 million vehicles a year.
To put that number into perspective, the world's largest automaker, Toyota, delivered over 10 million vehicles last year.
To put that number into perspective, the world's largest automaker, Toyota, delivered over 10 million vehicles last year.
Tesla estimates that it will need to spend up to another $175 billion to build enough plants to reach their production goals.
Maybe this total investment looks large. I think its quite small relative to our ambitions, Zachary Kirkhorn, Tesla CFO, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk, Makes $43 Billion Bid, To Purchase Twitter.
Elon Musk, Makes $43 Billion Bid, To Purchase Twitter.
On April 14, Elon Musk made his "best and final"
offer to purchase Twitter, a company he..
Credit: Wibbitz Top Stories Duration: 01:30Published
Twitter Rolls Out New Feature , That Lets You âUnmentionâ Yourself From a Tweet.
Twitter Rolls Out New Feature , That Lets You âUnmentionâ Yourself From a Tweet.
On April 7, Twitter announced..
Credit: Wibbitz Top Stories Duration: 01:30Published
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