Elon Musk Archives - Wontumi Online

17 Feb

I suffer infinite indignities on platform I own – X owner, Elon Musk cries out

MAN Wontumi0 CommentsNewsElon Musk, X owner

Tech billionaire, Elon Musk has cried out over alleged humiliation he suffers on the X microblogging platform, which he acquired in 2022. Elon Musk, an ally of US President, Donald Trump, has been in the news after he was appointed to lead the newly created Department of Government Efficiency, DOGE. Musk has suffered a series of dragging since Trump assumed office in January this year. Some Democrats, who are not comfortable with certain policies of Trump’s government have criticized Elon Musk, questioning his role in the government.

11 Feb

Elon Musk And Investors Make $97.4 Billion Bid To Acquire ChatGPT’s Parent Company OpenAI

CUD Wontumi0 CommentsBusinessAI, Elon Musk

In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors who have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 billion. Musk has long feuded with OpenAI CEO Sam Altman and has filed a number of legal complaints against the company and Altman, claiming that the AI company and its leadership have misrepresented OpenAI as a philanthropy. Musk claims that OpenAI has broken with its founding charter by seeking to make a profit with its AI tools. OpenAI is operated by a nonprofit that controls an entity…

03 Feb

USAID Officials Put On Leave As Elon Musk Says Time For Agency To ‘Die’

CUD Wontumi0 CommentsNewsElon Musk, USAID

Elon Musk has declared that the United States Agency for International Development (USAID) should “die” amid reports that two top security officials at the aid agency were put on leave for refusing his representatives access to classified materials. Musk, who was appointed by US President Donald Trump to lead the Department of Government Efficiency (DOGE), on Monday branded USAID a “criminal organisation” after security officials reportedly denied members of his cost-cutting task force access to restricted areas of the agency’s headquarters in Washington, DC. “Time for it to die,” Musk wrote on his social media platform, X. USAID’s director of…

13 Dec

Elon Musk’s Record $447 Billion Fortune Means He’s Nearly $200 Billion Ahead Of Jeff Bezos

wontumionlineBusinessElon Musk

Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in a single day. His net worth surged to $447 billion on Wednesday, per the Bloomberg Billionaires Index, after Tesla stock jumped 6% and SpaceX’s valuation leaped to $350 billion based on employee share sales. Musk’s fortune has ballooned by $218 billion this year — a sum that exceeds the net worth of every other person on the rich list except Amazon’s Bezos ($249 billion) and Meta’s Mark Zuckerberg ($224 billion). Musk is now more than twice as wealthy as Oracle’s Larry Ellison ($198…

12 Dec

Elon Musk Becomes First Person To Reach Net Worth Of $400 Billion

wontumionlineShowbizElon Musk, net worth

The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, Bloomberg reported Tuesday. SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares. CNN has reached out to SpaceX for comment, but the company typically does not respond to media requests. Since the aftermath of the 2024 US presidential…

14 Nov

Donald Trump Appoints Elon Musk To ‘Efficiency’ Role And Fox News Host As Defence Secretary

wontumionlineBusinessDonald Trump, Elon Musk

Elon Musk, the wealthiest man in the world, has been a full-time presence at Trump’s Mar-a-Lago transition headquarters. According to media reports, he is advising the president-elect on cabinet nominees and even joined a conversation between Trump and Ukrainian President Volodymyr Zelensky last week. On Tuesday night, Trump announced that he was assigning Musk to work with tech entrepreneur and former Republican presidential candidate Vivek Ramaswamy in a "department of government efficiency" tasked with identifying new budget cuts. Musk’s political action committee spent around $200m to help Trump’s presidential campaign, and he promises to continue to fund the group’s efforts…

07 Nov

What Elon Musk Could Gain From A Trump Presidency

wontumionlineBusinessDonald Trump, Elon Musk

Donald Trump’s return to the White House might also prove to be a win for one of his most visible supporters: Elon Musk. The world’s richest man spent election night in Florida with Trump at his Mar-a-Lago resort as returns came in. “The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,” Mr Musk wrote on the social media platform X as Trump’s victory began to appear all but certain. And at his victory speech at the Palm Beach Convention Center, Trump spent several minutes praising Mr Musk and recounting the successful landing of a rocket manufactured…

12 Jun

Elon Musk Unexpectedly Drops Case Against OpenAI

wontumionlineBusinessElon Musk

Elon Musk has unexpectedly asked a California court to withdraw a legal case against OpenAI and its boss Sam Altman, which accused them of abandoning the firm's founding mission of developing artificial intelligence (AI) for humanity's benefit. The filing submitted by the multi-billionaire's lawyers asked for the months-old case to be dropped without offering any reason for the move. It came just a day before the court was expected to hear the ChatGPT-developer's bid to have the case dismissed. BBC News has contacted Mr Musk's lawyer and OpenAI for comment. The latest filing asked for the case's dismissal "without prejudice",…

29 Apr

Elon Musk In China To Discuss Enabling Full Self Driving

wontumionlineNewsElon Musk, Self driving

Elon Musk is visiting Beijing with media reports saying he aims to discuss enabling autonomous driving mode on Tesla cars in China. Mr Musk wants to enable Full Self Driving (FSD) in China and transfer data collected in the country abroad to train its algorithms. FSD is available in countries including the US but not in China. The news came after a US report tied Tesla’s autonomous driving modes to at least 13 crashes, involving one death. During a meeting with Chinese Premier Li Qiang, Mr Musk was quoted by state media as saying Tesla was willing deep cooperation with…

29 Jan

Luis Vuitton CEO Overtakes Elon Musk As Richest Man In The World

wontumionlineNewsBernard Arnault, Elon Musk, richest man in the world

Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH—the entity behind dozens of luxury goods brands like Louis Vuitton and Sephora—is now the richest man in the world, passing Elon Musk. Arnault and his family’s net worth grew to $207.8 billion after a $23.6 billion increase on Friday, passing Musk’s $204.5 billion, according to the Forbes real-time billionaires list. The news comes as Musk’s Tesla struggled in the stock market Thursday, dropping 13%, with Musk losing more than $18 billion in net worth. Meanwhile, LVMH shares were soaring Friday, up over 13% as of 11 a.m. on the heels of…