This week it was revealed that Elon Musk, CEO of Tesla, X, and SpaceX, lost his lawsuit against Sam Altman of OpenAI, in which he sought $134 billion for breach of his company’s founding charter.

According to CNBC, “a U.S. court, presided over by federal judge Yvonne Gonzalez Rogers, determined that Musk’s lawsuit was filed after the statute of limitations had expired, as the tycoon had three years to file his complaint.” The judge stated that “there is a substantial amount of evidence to support the decision.”

Musk’s accusation against OpenAI centered on the “breach of the founding charter of the company that created ChatGPT.”

The entrepreneurs, who were once friends, ended up embroiled in a three-week trial due to various points of contention that led to a court case.

M.Pino

Source: bolsamania

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La entrada Musk loses lawsuit against Sam Altman apareció primero en Bitfinance.

Elon Musk’s predictions regarding the disappearance of cash in 10 to 20 years, as well as the obsolescence of cash, are based on upcoming advances in robotics and artificial intelligence.

According to the owner of X, Tesla, and SpaceX, among other companies, in one or two decades AI will be present in all sectors and industries, automating everything. Therefore, people will no longer need to go to an office or factory; that will be optional.

Regarding cash, with the rise of e-commerce and, logically, the use of credit and debit cards, biometric identification systems, and contactless payments, fiat money would become obsolete.

While Musk has ventured to make predictions like these in the past, sparking both support and opposition on social media, only time will tell what will happen to the labor market and cash in the coming years, as rapid technological and energy advancements will be required to make such predictions a reality.

M.Pino

Source: computerhoy

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La entrada Elon Musk predicts the disappearance of cash apareció primero en Bitfinance.

Elon Musk, billionaire owner of Tesla, stated that he is very likely to dedicate more time to the electric car company starting in May and reduce his time at the Department of Government Efficiency (DODGE).

Musk’s announcement, which has not indicated that he will stop collaborating with the Donald Trump administration, generated a nearly 4% increase in Tesla shares.

According to the magnate, “he will dedicate one or two days a week to government affairs as long as the president wants, to also focus on his electric car company, which has been affected by Trump’s tariffs.

On the tariff issue, he will simply give his opinion, advocating for lower tariffs.”

M.Pino

Source: europapress

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La entrada Elon Musk to dedicate more time to Tesla starting in May apareció primero en Bitfinance.

Elon Musk is willing to send the humanoid robot Optimus, developed by his autonomous electric car company Tesla, to Mars in 2026.

The goal is to evaluate the system’s capabilities in a test mission aboard a SpaceX Starship rocket, for future missions in 2029 or 2031.

Musk made the announcement on his X social media account, in conjunction with the 23rd anniversary of SpaceX’s founding. He also mentioned that “the timeframe for the first human landing will depend on the success of these tests.”

According to the magnate, the test with the humanoid robot Optimus would be a crucial step “in the development of SpaceX’s interplanetary transportation system, with an eye toward the exploration and possible colonization of Mars.”

As is known, Optimus was unveiled in 2022. It stands 1.73 meters tall and weighs 57 kilos. It was designed to perform basic household and operational tasks. Its equipment includes “a 2.3 kWh battery, Wi-Fi connectivity, and a mobility system based on five articulated fingers, which mimic human anatomy.”

M.Pino

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La entrada Tesla’s humanoid robot Optimus would arrive on Mars in 2026 apareció primero en Bitfinance.

Tesla has surpassed Audi in global sales for the first time in its history, and seems to point its engines towards the German Volkswagen group.

The market was positive for Tesla due to the 12 % reduction in Audi sales (1.67 million cars). In contrast, Tesla managed to place 1.79 million vehicles worldwide.

In the 2024 results report, Gernot Döllner, CEO of Audi, indicated that the company was affected by factors such as “global economic uncertainties.” He stressed that the intensification of competition was a constant last year.

Despite sales of the Audi Q5 (298,000 units), Audi A6 (244,000 units) and Audi Q3 (215,000 units) models, and “the renewal of the range in more than 20 models with a triple range of vehicles – electric, plug-in hybrids and combustion vehicles – it has not managed to surpass the sales of Elon Musk’s Tesla Model 3 and Tesla Model Y”.

M.Pino

Source: okdiario

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La entrada Tesla surpasses German Audi in global sales apareció primero en Bitfinance.

Elon Musk, owner of the companies Tesla, SpaceX and the social network X, has doubled his fortune in two months, to exceed $ 400,000 million. This places him as the richest person in the world today.

Surrounded by controversies, criticism and litigation, Musk has managed to overcome the risks and challenges, particularly in the year 2024, to increase his fortune quickly.

He has benefited from the return of Donald Trump to the presidency of the United States, since the billionaire already has a position in his cabinet. Since his appointment, alongside Vivek Ramaswamy, to head the Department of Government Efficiency, his wealth has increased by $70 billion.

Analysts point out that Musk’s wealth is currently valued at $439.2 billion, “about 418.5 billion euros at the current exchange rate. The calculation has taken into account the value of the shares listed on the Stock Exchange and the latest financing round transactions for those that are not sold on the stock market.”

M.Pino

Source: computerhoy

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La entrada Elon Musk is the richest person in the world apareció primero en Bitfinance.

Apple turned its plans around and abandoned the idea of making an electric vehicle, according to US press reports. This move puts an end to a challenging project that began a decade ago.

The company, known for its iconic iPhone, had assigned almost 2,000 employees to a secret vehicle development program. However, it encountered an increasingly competitive automotive sector in the field of electric vehicles.

Project Titan, which began around 2014, aimed to create a fully autonomous vehicle, according to press reports. The decision to cancel the vehicle project was communicated internally Tuesday, according to anonymous sources cited by Bloomberg and The New York Times.

Elon Musk, the owner of electric car maker Tesla, responded to Apple’s announcement on his social network X with emojis of a greeting and a cigarette. For its part, Tesla has warned about slower growth in the electric car sector in 2024.

K. Tovar

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La entrada Apple gave up its plans to create its own electric car apareció primero en Bitfinance.

The Tesla company, owned by tycoon Elon Musk and focused on manufacturing electric cars, maintains $367 million in Bitcoin.

Despite having sold a good amount of its cryptocurrencies during the pandemic, Tesla is holding on to this juicy amount of Bitcoins, which by the way was not mentioned in its most recent quarterly earnings report.

Musk’s company is currently focused on electric cars and artificial intelligence at the service of its products.

According to Bitcoin Treasuries, an aggregator that tracks well-known BTC wallets in the business world, “the electric carmaker’s cryptocurrency assets are worth approximately $387 million at current prices, with more than 9,720 BTC in its possession.” ”.

In the ranking of companies holding BTC, the first place goes to MicroStrategy, with 89,150 BTC in holdings valued at $8.1 billion. Marathon Holdings and Tesla are in second and third place, respectively.

Although Tesla’s latest earnings report (released Wednesday) reflected a 14 % drop in shares because of weak automotive revenue and warnings of slower growth in 2024, the company expects to achieve growth with the launch of its “next generation” model in Texas this year.

M.Pino

Source: Decrypt

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La entrada Tesla holds $367 million worth of Bitcoin apareció primero en Bitfinance.

Tesla owner Elon Musk agreed with the founder of the Midjourney artificial intelligence research laboratory, David Holz, who stated that by the 2040s there could be expected to be “1 billion humanoid robots on Earth.”

“Something like this will probably happen, as long as the foundations of civilization are stable,” commented Musk, in response to Holz’s prediction, who believes that 100 billion robots, “mostly extraterrestrials,” will be throughout the solar system by the 2060s.

Tesla has been working in recent years on a human-like robot, which works with the same artificial intelligence used by its electric vehicles, with the aim that it can not only replace human workers on production lines, but also act as domestic assistants, elderly caregivers and even romantic partners.

In 2022, the billionaire stated that the humanoid robot program could become a priority for his company. Not in vain, he even believes that the robot business could be bigger than that of electric cars.

Taken and with information from El Sumario

(Reference image source: Tesla)

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La entrada Musk predicts that by 2040 there will be one billion humanoid robots on the market apareció primero en Bitfinance.

Eccentric tycoon and owner of Tesla, SpaceX and X (Twitter), Elon Musk, reveals his shift away from cryptocurrencies

During a conversation with Cathie Wood of Ark Invest at an X Space event held yesterday, Elon Musk, the visionary entrepreneur, shared that he no longer dedicates as much time to cryptocurrencies as he thinks. Instead, it has turned its attention to other interests.

In the course of the talk, both leaders discussed the current state of the cryptocurrency industry and the possible impact of Bitcoin on traditional finance. Musk said:

“I don’t spend much time thinking about cryptocurrencies, almost nothing at all… I have thought for a long time about money and its nature. What’s the money? It’s really a database for resource allocation.”

On the role of fiduciary money, Musk argued that it works properly for its purpose when it is based on rules and there is no abuse by the government. He added:

“Just think of it as an information system, what you want is to minimize noise… latency… packet loss. And then inflation would add noise to the system.”

K. Tovar

Source: DiarioBitcoin

(Reference image source: @patobonato, X)

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La entrada Musk is no longer “so interested” in cryptocurrencies apareció primero en Bitfinance.