Elon Musk Is Still the World's Richest Man Despite Losing $100 Billion in 2022
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Elon Musk Is Still the World's Richest Man Despite Losing $100 Billion in 2022
Elon Musk Is Still , the World's Richest Man Despite, Losing $100 Billion in 2022.
Business Insider reports that billionaire Elon Musk has
lost about $100 billion this year, the largest one year
drop ever reported by the Bloomberg Billionaires Index.
Business Insider reports that billionaire Elon Musk has
lost about $100 billion this year, the largest one year
drop ever reported by the Bloomberg Billionaires Index.
The Tesla, SpaceX and now Twitter
CEO's net worth reached its lowest
point in 2022 on November 22.
The Tesla, SpaceX and now Twitter
CEO's net worth reached its lowest
point in 2022 on November 22.
Musk's net worth, which peaked
at $340 billion last November,
dropped to around $170 billion.
.
The plunge was reportedly
caused by Tesla shares falling to
a two-year low on November 21.
.
Musk's 15% stake in Tesla means that
the billionaire lost about $8.6 billion in just
one day as those stocks declined.
So far in 2022, Tesla stocks
have dropped about 58.03%.
Despite the losses, Musk remains
the world's richest individual.
Musk's net worth eclipses that of LVMH Moet Hennessy
Louis Vuitton CEO Bernarn Arnault, Amazon founder
Jeff Bezos and Microsoft co-founder Bill Gates.
.
Musk's net worth eclipses that of LVMH Moet Hennessy
Louis Vuitton CEO Bernarn Arnault, Amazon founder
Jeff Bezos and Microsoft co-founder Bill Gates.
.
Business Insider reports that Tesla stocks have faced broad
tech market selloffs amid fears of an economic downturn
and aggressive rate hikes by the Federal Reserve.
Business Insider reports that Tesla stocks have faced broad
tech market selloffs amid fears of an economic downturn
and aggressive rate hikes by the Federal Reserve.
Additional concerns that have driven down the value
of Tesla stocks are China's zero-COVID policies
and Musk's recent high-profile takeover of Twitter.
.
Additional concerns that have driven down the value
of Tesla stocks are China's zero-COVID policies
and Musk's recent high-profile takeover of Twitter.
Elon Musk found himself in the crosshairs of controversy once again as he clashed with Australian authorities over content censorship on his platform, X. The dispute stemmed from a court order instructing X to remove video posts depicting a violent incident involving an Assyrian bishop. Musk, known for his outspoken nature, accused Australian leaders of attempting to stifle internet freedom, drawing condemnation from lawmakers.
#ElonMusk #AnthonyAlbanese #ElonMuskVsAustralia #XStabbingPosts #PostCensorship #Australia #SenatorTargeted #XDispute #SydneyChurchStabbing #CensorshipBattle #GunLawsDebate #InternetFreedom #ContentRegulation #LegalChallenge
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Australia's prime minister said Elon Musk is an "arrogant billionaire who thinks he is above the law" over his reluctance to remove footage of last week's Church.. Sky News
Tesla's quarterly revenue has dropped for the first time in almost four years, according to financial result filings, demonstrating why the electric carmaker is.. Sky News
Elon Musk, CEO of Tesla, has deferred his visit to India to meet with Prime Minister Narendra Modi, attributing the delay to pressing commitments at Tesla. Musk expressed his intention to reschedule the visit for a later time this year. "Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," Musk posted on his X account.
#ElonMusk #Tesla #IndiaVisit #TeslaObligations #ElectricVehicles #GlobalExpansion #TeslaIndia #BusinessTravel #TechNews #Innovation
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Jairam Ramesh mentions Elon Musk delaying India trip due to Tesla commitments. Musk faces challenges with Tesla's Model 2 and anticipates announcing investments.. IndiaTimes
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk's net worth dropped nearly $40 billion this year, now totaling $189 billion, placing him third behind Bernard Arnault and Jeff Bezos. Tesla's declining share price contributed to the decrease. Despite challenges with Twitter's rebranding as X, Musk announced plans for a smart TV app. His proactive approach reflects his ongoing efforts to diversify and expand his ventures.
#ElonMusk #Tesla #elonmusk #elonmuskinterview #elonmusknews #elonmuskanddisney #Twitter #X #Oneindia #Oneindianews
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In a stunning turn of events, Tesla CEO Elon Musk has been dethroned as the world's richest person, with Amazon founder Jeff Bezos reclaiming the top spot. Join us as we delve into this dramatic shift in the billionaire rankings.
#ElonMusk #WorldsRichestPerson #JeffBezos #BloombergReport #BloombaergBillionaireIndex #ElonMuskvsJeffBezos #FinancialNews
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Catch the exclusive highlights of the conversation between Prime Minister Narendra Modi and Bill Gates. Explore the key topics discussed and insights shared by these influential figures on critical issues shaping our world today. Don't miss this insightful dialogue between two global leaders.
#NarendraModi #BillGates #ModiGates #NarendraModiBillGates #ArtificialIntelligence #TechnologyinIndia #PMModi #PMModiBillGatesConversation #Microsoft #Oneindia
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On Wednesday morning, Microsoft co-founder Bill Gates, alongside state government officials, made a notable visit to a slum in Bhubaneswar, Odisha. Their destination was the Biju Adarsh Colony in the Maa Mangla Basti, where they engaged directly with the residents. Gates' purpose extended beyond a mere inspection of living conditions; he also took the opportunity to interact closely with women's self-help groups (SHGs) that operate within the area. This visit underscores the collaborative efforts between various departments of the state government and the Bill & Melinda Gates Foundation. Together, they are striving to address critical issues within marginalised communities, particularly focusing on empowerment initiatives led by women's SHGs. The presence of such a prominent figure as Bill Gates highlights the importance of these grassroots efforts and signals a commitment to fostering positive change and inclusive development in Odisha's urban areas.
#BillGates #NaveenPatnaik #BhubaneshwarVisit #SlumInteraction #CommunityEngagement #ResidentInteraction #Philanthropy #UrbanDevelopment #CommunityEmpowerment #SocialImpact #HumanitarianEfforts #BhubaneshwarCommunity #InclusiveDevelopment #CommunityOutreach #EmpoweringCommunities #BillGatesInIndia #CommunityBuilding #HumanitarianVisit #SocialChange #BhubaneshwarImpact #BuildingBetterCommunities
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Tesla and Space X CEO Elon Musk's tweet from January has caught the attention of the US, possibly paving the way for India to get a permanent seat at the UNSC... IndiaTimes
SpaceX's Third Test of Its , Starship Succeeds Ahead, of Crewed Lunar Mission.
'The Independent' reports that SpaceX's third test of its
Starship has ended successfully, with the spacecraft
falling to Earth somewhere in the Indian ocean. .
The successful test follows two
failed tests which lasted only a few
moments before ultimately exploding.
The third test saw the Starship successfully launch,
separate from its booster, arrive in space, open its
payload door and then fly halfway around the Earth.
This means that the test successfully
accomplished all of the major tests
SpaceX had laid out prior to launch.
Starship is the largest and most
powerful rocket ever built, with
a towering height of 397 feet. .
CEO Elon Musk said prior to launch that the
company had made thousands of upgrades and
fixes to improve the chances of a successful test.
CEO Elon Musk said prior to launch that the
company had made thousands of upgrades and
fixes to improve the chances of a successful test.
The spacecraft launched from
the southern tip of Texas
near the Mexican border. .
The spacecraft launched from
the southern tip of Texas
near the Mexican border. .
The test flight outperformed previous
tests, reaching an altitude of 100
miles and nearing orbital speed.
'The Independent' reports that NASA is heavily invested in
the success of Starship, as the spacecraft plays an integral
role in the agency's plan to return astronauts to the moon.
The highly anticipated missions will
mark the first crewed missions to the
moon since last century's Apollo program.
Credit: Wibbitz Top Stories Duration: 01:30Published
Former Twitter executives, including ex-CEO Parag Agrawal, have filed a lawsuit against tech mogul Elon Musk, seeking over $128 million in combined unpaid severance. The lawsuit, filed on Monday in federal court in San Francisco, is the latest in a string of legal challenges faced by Musk since he acquired the social media giant for $44 billion in October 2022, subsequently renaming it X.
#X #ParagAgrawal #ElonMusk #Twitter
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The Multi-Cloud Storage Service offers a single, intuitive interface for interacting with industry-leading cloud storage platforms like Amazon S3, Google Cloud.. DNA
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The UAE's national security adviser,
Sheikh Tahnoon bin Zayed Al Nahyan, is the
current chairman of G42's board of directors. .
In a statement released on April 16, Microsoft
said the deal âwas developed in close consultation
with both the UAE and U.S. governments.â.
In a statement released on April 16, Microsoft
said the deal âwas developed in close consultation
with both the UAE and U.S. governments.â.
G42, which runs data centers in the Middle East
and elsewhere, has built the world's leading
Arabic-language AI model, Jais. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
The deal will also look to bring digital infrastructure
to regions that G42 has already established
a presence, including the Middle East and Africa.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
Prior to Microsoft's investment, the company
reportedly faced allegations of spying for its
connection to a mobile phone app identified as spyware.
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government. .
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government.
Credit: Wibbitz Top Stories Duration: 01:31Published
US Government Emails With Microsoft , Were Stolen by Russian Hackers.
On April 11, American officials confirmed
that emails sent between Microsoft and
U.S. government agencies have been
stolen by Russian hackers, CNN reports. .
According to Eric Goldstein, a senior
official at the U.S. Cybersecurity and Infrastructure Security Agency (CISA), .
those emails may have included login information like usernames and passwords.
At this time, we are not aware of any
agency production environments that
have experienced a compromise as
a result of a credential exposure. , Eric Goldstein, a senior official at the U.S. Cybersecurity
and Infrastructure Security Agency (CISA), via CNN.
Even though there is currently no evidence that the stolen credentials have been used to compromise federal computer systems, .
CISA described the occurrence as an "unacceptable risk to agencies.".
As a result, the agency released an "emergency directive" on April 11 ordering those potentially affected by the hack to bolster their defenses. .
The hack was first revealed by
Microsoft in January, but it has gotten more serious as new details continue to emerge.
CNN reports that the U.S. has
previously linked the hackers in question
to Russia's foreign intelligence service. .
A Microsoft spokesperson
issued a statement on April 11.
As we shared in our March 8 blog,
as we discover secrets in our
exfiltrated email, we are working
with our customers to help them
investigate and mitigate, Microsoft spokesperson, via CNN.
This includes working with CISA on
an emergency directive to provide
guidance to government agencies, Microsoft spokesperson, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
NYCâs AI Chatbot Has Been , Telling Businesses to Break the Law.
New York City's AI chatbot was created to help small business owners, but it's been dispensing concerning advice, AP reports. .
For example, many small business owners have
been given inaccurate information about local policies or been encouraged to break the law.
However, the city is not removing
the chatbot from its official website.
Instead, it has provided a disclaimer stating that the chatbot may "occasionally produce incorrect, harmful or biased" information.
Critics say that the situation highlights
the dangers of AI being used by
governments without proper guardrails.
Theyâre rolling out software that
is unproven without oversight, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
Itâs clear they have no intention
of doing whatâs responsible, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
Thereâs a different level of trust thatâs
given to government. Public officials need
to consider what kind of damage they can
do if someone was to follow this advice
and get themselves in trouble, Jevin West, a professor at the University of Washington and
co-founder of the Center for an Informed Public, via statement.
Microsoft, which powers the chatbot, said it
is working with the city "to improve the service
and ensure the outputs are accurate and
grounded on the cityâs official documentation.".
On April 2, Mayor Eric Adams said that
letting users find issues with the chatbot is just part of sorting out the new technology.
Anyone that knows technology knows this
is how itâs done. Only those who are fearful
sit down and say, âOh, it is not working the
way we want, now we have to run away from
it all together.â I donât live that way, Mayor Eric Adams, via statement.
Julia Stoyanovich, a computer science professor and director of the Center for Responsible AI at New York University, referred to Adams' approach as "reckless and irresponsible," AP reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
A group representing the fired
workers said the total number of staff
terminated for protesting is now over 50. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
Last week, workers held sit-in
protests at Google's offices in both
New York and Sunnyvale, California.
The protests were organized by the group
No Tech For Apartheid, who said that 30 workers
were fired following the initial sit-in. .
According to Jane Chung, a spokeswoman for
No Tech For Apartheid, Google has now fired
"over 20" more workers, âincluding non-participating
bystanders during last weekâs protests.â.
Googleâs aims are clear:
the corporation is attempting
to quash dissent, silence
its workers, and reassert
its power over them, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
Google has disputed the group's claims,
stressing that the company carefully found that, âevery single one of those whose employment
was terminated was personally and definitively
involved in disruptive activity inside our buildings.â
Credit: Wibbitz Top Stories Duration: 01:31Published
Travis Kelce just landed his first TV job. The Kansas City Chiefs tight end is set to host a spin-off of the Fox game show 'Are You Smarter Than a 5th Grader?' for Amazon's Prime Video. The new show hosted by Kelce is titled 'Are You Smarter Than a Celebrity?' It will see adult contestants answer elementary curriculum questions with the help of a classroom full of famous faces.
Credit: The Hollywood Reporter Duration: 01:24Published
It looks like there's a new 'Legally Blonde' TV show in the worksâŠwhat like it's hard? Reese Witherspoon and her Hello Sunshine banner is teaming up with Amazon to develop a 'Legally Blonde' TV series. 'Gossip Girl' and 'The O.C.' grads Josh Schwartz and Stephanie Savage are attached to write the TV offshoot.
Credit: The Hollywood Reporter Duration: 01:07Published
Amazon Is Getting Rid of , Just Walk Out Technology , at Its Fresh Grocery Stores.
The company's Just Walk Out
technology allows customers to
avoid standing in checkout lines.
It works by sending receipts to customers after they've left the store with their items.
While customers have said they enjoy the process, .
they wish they could view their receipts and savings while they are shopping, according
to Amazon spokesperson Carly Golden.
As a result, Amazon is revamping its
grocery chain to better serve customers.
The Just Walk Out technology will
be replaced by smart carts that provide spending data in real time, NPR reports. .
Most Fresh grocery stores are located in
Washington State, California, Illinois and Virginia. .
The retailer also operates Amazon Go
stores in addition to owning Whole Foods.
The retailer also operates Amazon Go
stores in addition to owning Whole Foods.
Amazon Go stores and smaller Fresh
stores in the U.K. will continue to use
Just Walk Out technology, NPR reports.
Last year, Amazon CEO Andy Jassy said that the company is still trying to figure out how to have
a greater impact on physical grocery stores.
This revamp, and "selectively" launching new Fresh locations, is part of that process, Golden said
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
Elon Musk has shared a picture of his bed side table, in the picture few cans of Diet Coke can be seen along with two hand guns.
#ElonMusk #Twitter #DietCoke
Why did Kanye West visit Donald Trump's Mar A Lago and bring a "holocaust denier" with him? Was this an attempt to smear Donald Trump? Ye also claims he is running for..
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