Elon Musk, CEO of Tesla, founder and CEO of SpaceX, founder of The Boring Company

Musk founded Zip2, a provider of maps and company directories, PayPal, Tesla through a series of acquisitions, and SpaceX in a protracted series of entrepreneurial endeavors. He has been divorced three times, fathered seven children, a Shiba Inu dog, and his personal life is still more tumultuous.

Musk’s somewhat outlandish nature, meanwhile, might be too much for the restrictions of regulation. He is infamous for agreeing to pay a fine for fraud after falsely tweeting that Tesla was going private for $420 per share with “financing secured” and the US Securities and Exchange Commission. In recent years, Musk has become increasingly interested in the cryptocurrency industry. He has referred to cryptocurrencies as “indestructible” money and emphasized that governments shouldn’t work to impede their uptake.

If the price of Bitcoin goes down, I lose money. I might pump, but I don’t dump. I definitely do not believe in getting the price high and selling or anything like that.

https://twitter.com/elonmusk

2023

Elon Musk caused chaos in the financial community once more in one of his postings on X, claiming that “fiat currency” is a fraud. Musk specifically said that certain frauds are so commonplace that many people are unaware of them in response to a post that sparked discussion regarding the definition of a scam.

Unsurprisingly, a lot of Bitcoin enthusiasts embraced Musk’s post, taking it to mean that the virtual currency is recommended. As a matter of fact, they view Bitcoin as a substitute for fiat money, highlighting its decentralized structure and resilience to inflation. Musk’s tweet was brief, but it doesn’t stop the increasing debate regarding the place of Bitcoin in contemporary finance.

X started charging new users in the Philippines and New Zealand for the yearly subscription. The test, according to the business, may “reduce spam, manipulation of our platform, and bot activity,” since it will cost new users to utilize essential features like liking, publishing, and replying.

But prior attempts to charge customers don’t seem to have been able to completely stop phishing attacks using verified identities on the network. Bot armies and fraudsters with an emphasis on cryptocurrency appear to make considerable use of X’s premium service, which is available for $8 per month and awards users with a blue tick.

2022

Musk is still posting his full, unfiltered comments about the bitcoin industry as 2022 approaches. For instance, Musk complained that Twitter was wasting engineering resources on this BS while cryptocurrency scammers were throwing a spambot block party in every thread in response to Twitter Blue’s introduction of NFT profile images.

Musk then tweeted, “I will have a happy meal on TV if McDonald’s accepts Dogecoin,” when cryptocurrency investors started making jokes about working at McDonald’s in wake of the market fall. Aside from amusement, anticipate further cryptocurrency adoption around Musk’s portfolio of businesses as well as the Dogefather purchasing the dip.

Latest news about Elon Musk

• The Explainable Artificial Intelligence (xAI) team has unveiled the “xAI PromptIDE”, an integrated development environment designed to revolutionize prompt engineering and interpretability research. The tool offers a Python code editor and a new software development kit (SDK), allowing users to work with large language models. It provides insightful analytics, automatic prompt saving, built-in versioning, and concurrency features. The xAI PromptIDE is currently available to early access program members and is expected to revolutionize AI research.
• Elon Musk’s AI venture xAI has introduced Grok, a generative AI model inspired by “The Hitchhiker’s Guide to the Galaxy.” The model aims to bring humor and tackle daring questions, offering real-time access to information via the X platform. Grok is designed to provide users with an engaging and informative experience, answering queries and suggesting questions. The AI model is positioned as a valuable research assistant, enabling quick access to relevant information, processing data, and fostering new ideas. However, it is too early to comment on Grok’s superiority over other AI bots.
• Elon Musk has announced his ambitious vision for X, aiming to become a central hub for all financial activities by 2024. Musk envisions X as a “everything app” that integrates all aspects of a person’s financial life, potentially replacing traditional bank accounts. However, Musk faces challenges in persuading potential users and ensuring the platform can challenge traditional banking roles.

Latest Social posts of Elon Musk