All posts tagged: Musks

Musk’s X Corp loses lawsuit against Israeli data-scraping company

Musk’s X Corp loses lawsuit against Israeli data-scraping company

[ad_1] A U.S. judge dismissed a lawsuit in which Elon Musk’s X Corp accused an Israeli data-scraping company of illegally copying and selling content, and selling tools that let others copy and sell content, from the social media platform. U.S. District Judge William Alsup in San Francisco ruled on Thursday that X, formerly Twitter, failed to plausibly allege that Bright Data Ltd violated its user agreement by allowing the scraping and evading X’s own anti-scraping technology. Alsup said using scraping tools is not inherently fraudulent, and giving social media companies free rein to decide how public data are used “risks the possible creation of information monopolies that would disserve the public interest.” The judge also said X was not entitled to “de facto copyright ownership” in copyrighted content that X’s users made available to the public. Lawyers for X did not immediately respond on Friday to requests for comment. Bright Data’s lawyers did not immediately respond to similar requests. Alsup said X can try to amend its complaint, which sought unspecified compensatory and punitive damages …

Elon Musk’s Neuralink Had a Brain Implant Setback. It May Come Down to Design

Elon Musk’s Neuralink Had a Brain Implant Setback. It May Come Down to Design

[ad_1] Rather than building a device from the ground up, Synchron and Paradromics have taken inspiration from previous medical devices. Paradromics’ design, for instance, is based on the Utah array but makes some key improvements. It’s wireless, for one, and it has 421 electrodes on the end of tiny wires that sit in the brain tissue. Those wires are all much smaller than the shanks of the Utah array, Angle says. Synchron’s device, meanwhile, is a hollow mesh tube that resembles a heart stent. Instead of going into the brain directly, it’s inserted into the jugular vein at the base of the neck and pushed up against the cortex. Synchron has implanted 10 participants with its device so far, with one surpassing three years with it. (Arbaugh’s implant is still working after 100 days). Banerjee says the company has not seen a decline in signal quality or performance yet. Andrew Schwartz, a professor of neurobiology at the University of Pittsburgh who builds brain-computer interfaces, also speculates that Neuralink’s design may have caused the implanted threads …

Elon Musk’s no.2 at Tesla goes back to China as the CEO isolates himself at the top

Elon Musk’s no.2 at Tesla goes back to China as the CEO isolates himself at the top

[ad_1] Elon Musk’s no.2 at Tesla, Tom Zhu, is going back to his responsibilities as VP of China as the CEO isolates himself at the top. Zhu has long been the leader of Tesla’s operations in China and led the very successful Gigafactory Shanghai effort. Gigafactory Shanghai quickly became Tesla’s best-performing manufacturing facility and to replicate the success in Texas, Musk made Zhu in charge of all Gigafactories back in late 2022. However, we reported that Zhu was taking an even bigger role at Tesla as Musk was busy running several other companies and spending especially more time at his newly acquired Twitter. We exclusively reported that Zhu was even made in charge of North American sales and became the de facto head of Tesla’s automotive business – second in command to Musk at Tesla. He was elevated to the critical “leadership” at Tesla that need to reported their stock transaction to the SEC: Screenshot In recent months, Musk took over North American sale operations from Zhu, according to sources familiar with the matter. As …

India ‘shocked’ as Musk’s surprise China visit leaves them spurned

India ‘shocked’ as Musk’s surprise China visit leaves them spurned

[ad_1] NEW DELHI: Elon Musk’s surprise visit to China this week won concessions for Tesla but left India feeling spurned after he cancelled a scheduled trip there for earlier this month, with Indian commentators calling the move a snub. India’s pained reaction highlights the increasing rivalry between India and China, Asia two largest countries by population and among the region’s most dynamic economies. Business and diplomatic relations between them have been strained since a 2020 border clash left 20 Indian and four Chinese soldiers dead. Musk was due to meet Modi last week and announce an investment of up to US$3 billion in a car plant, but cancelled saying there were “very heavy Tesla obligations”. By then, the Indian government had sent out invites for a startup event Musk was to attend. On Sunday, Musk turned up in China, meeting with Premier Li Qiang and making progress towards rolling out its advanced driver assistance package in the world’s biggest auto market. Indian news channels that often take a hard line position against China blasted Musk’s …

Supreme Court Rejects Elon Musk’s “Free Speech” Appeal In SEC Case

Supreme Court Rejects Elon Musk’s “Free Speech” Appeal In SEC Case

[ad_1] Another day, another chapter in the Elon Musk vs. SEC saga. The US Supreme Court declined to hear Elon Musk’s appeal regarding his ongoing “Twitter sitter” case, Bloomberg reported on Monday, keeping Musk’s agreement with the SEC to have a company lawyer approve his social media posts in place. Musk, without success, had argued that the 2018 agreement infringed upon his constitutional right to free speech. The decision marks the latest development in Musk’s lengthy, ongoing dispute with the SEC, which started after he tweeted in August 2018 that he had “funding secured” for a potential $80 billion take-private deal for Tesla. As a result, Tesla stock rocketed higher the day of.  Following Musk’s tweet, the SEC filed a lawsuit alleging shareholder deception and, shortly after, Musk settled with the SEC, agreeing to step down as Tesla chairman and pay a $20 million fine. In 2021, Musk reopened the dispute by conducting a Twitter poll regarding selling 10% of his stock. This prompted the SEC to issue subpoenas to Musk and Tesla. Musk then sought …

Tesla Attorneys Target Shareholder Trying To Stop Moving Musk’s Pay Fight To Texas

Tesla Attorneys Target Shareholder Trying To Stop Moving Musk’s Pay Fight To Texas

[ad_1] Richard Tornetta, who was at the center of Tesla shareholders’ claim that Elon Musk was taking an excessive pay package, is now at the center of claims that Tesla should not be reincorporating to Texas to approve Musk’s voided pay plan.  But Tesla is firing back at Tornetta. John Reed, one of Tesla’s attorneys, said in a Delaware Chancery Court filing this week that Tornetta “is raising false alarms”, according to Bloomberg.  Musk has considered relocating Tesla’s headquarters from Delaware to Texas after a judge revoked his substantial pay package due to conflicts among directors and inadequate disclosure of plan details. In response, Tornetta is urging the judge to prevent Musk from addressing the pay dispute outside of Delaware. Despite this, no legal actions are currently threatened or pending in Texas, and Musk has not obstructed the issuance of a final judgment in the case, according to Reed’s letter to the judge. McCormick’s decision on retaining the dispute in Delaware remains uncertain and could affect the case’s outcome. If Tesla relocates to Texas and adjusts Musk’s …

Elon Musk’s xAI closes in on  billion as AI race heats up

Elon Musk’s xAI closes in on $6 billion as AI race heats up

[ad_1] Elon Musk’s artificial intelligence (AI) start-up, xAI, looks like it has some serious venture capital money behind it with the commitment of Sequoia Capital, to invest in the company. Musk launched xAI in 2023 with lofty ideals and plans to work on existential problems like understanding the nature of the universe. In his efforts to raise up to $6 billion for his fledgling company, the 52-year-old billionaire has approached investors who previously supported his acquisition of Twitter (now X) in 2022. The latest funding round could mean that xAI is valued at $18 billion, reports the Financial Times on Thursday (Apr 25). Sequoia, which invested $800 million in Twitter, has confirmed its intention to invest in xAI, although the exact amount remains undisclosed. Elon Musk’s xAI levels up for the AI race Sequoia’s support for xAI comes as no surprise, the Silicon Valley investment firm is a long-time collaborator and backer of Musk, including The Boring Company and SpaceX. Roelof Botha, Sequoia’s current boss, was hired by fellow South African, Musk at PayPal in 2000. …

xAI, Elon Musk’s OpenAI rival, is closing on B in funding and X, his social network, is already one of its shareholders

xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders

[ad_1] xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company –  is expected to close in the next few weeks unless the terms of the deal change. The deal terms have changed once already. As of last weekend, Jared Birchall, who heads Musk’s family office, was telling prospective investors that xAI was raising $3 billion at a $15 billion pre-money valuation. Given the number of investors clamoring to get into the deal, those numbers were quickly adjusted.  Says our source, “We all received an email that basically said, ‘It’s now $6B on $18B, and don’t complain because a lot of other people want in.” Investors who’ve been lobbying to get into the deal for months hardly minded. Sequoia Capital and Future Ventures, the venture fund co-founded by Musk’s longtime friend Steve Jurvetson, are participating in the round. Other participants are likely to …

What’s behind the fight between Elon Musk’s X and Australia’s eSafety commissioner? – video | Technology

What’s behind the fight between Elon Musk’s X and Australia’s eSafety commissioner? – video | Technology

[ad_1] Elon Musk is at war with Australia — in particular Australia’s online safety regulator — due to videos that were circulating on his platform after an alleged stabbing at a church in Sydney last week. After the eSafety commissioner requested all social media platforms to remove video of the stabbing from their platforms, X made the videos unavailable to view within Australia, but they’re still available to watch both outside of Australia. Now, X and the eSafety commissioner are fighting it out in court, while X’s owner Elon Musk continues to fight it out online. Guardian Australia’s Josh Taylor explains what’s going on behind the tweets [ad_2] Source link

Elon Musk’s EV Empire Is Crumbling

Elon Musk’s EV Empire Is Crumbling

[ad_1] Of late, Tesla’s cars have come to seem a bit hazardous. Their self-driving features have been linked to hundreds of accidents and more than a dozen deaths. Then, earlier this month, the company recalled its entire fleet of Cybertrucks. A mechanical problem that trapped its gas pedal, as InsideEVs put it, “could potentially turn the stainless steel trapezoid into a 6,800-pound land missile.” Along the way, Tesla—which did not respond to multiple requests for comment—has defended its cars and autopilot software. As of last week, the company told federal regulators that the Cybertruck malfunction had not been linked to any accidents or injuries. But even resolving every safety concern may not stop Tesla’s entire EV business from becoming a hazard. Yesterday afternoon, the world’s most valuable car company released its earnings report for the first quarter of 2024, announcing that its net income had dropped 55 percent from a year ago. On an investor call shortly after, Elon Musk could offer only a vague euphemism to describe what has become an especially disastrous month: …