Tag: Musk

Elon Musk AI project inspired memecoin ‘Grok’ falls 74% on creator scam claim

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The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to the Grok (GROK) token were repurposed from old projects — including an abandoned memecoin project called ANDY — which has significantly declined from its all-time high. Not that people in this space will care but…

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

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In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of its platform, and Elon Musk unintentionally made a case for Bitcoin Ordinals. Meanwhile, an OpenSea investor has taken a 90% markdown on their stake in the platform, and don’t forget…

Elon Musk launches AI chatbot ‘Grok’ — says it can outperform ChatGPT

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Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests. The motivation behind building Gruk is to create AI tools equipped to assist humanity by empowering research and innovation, Musk and xAI explained in a Nov. 5 X (formerly Twitter) post. Just released Grokhttps://t.co/e8xQp5xInk — Elon Musk (@elonmusk) November 5, 2023 Musk and the xAI team said a “unique and fundamental advantage” possessed by Grok is that it has real-time knowledge of…

Elon Musk and cryptocurrencies: acquisition on the horizon?

Tesla CEO and X owner Elon Musk has long demonstrated an interest in cryptocurrencies. His public endorsements and criticisms of various digital currencies have often sent ripples through the crypto market.  Yet, despite his fascination with the decentralized digital realm, Musk has once again reiterated that none of his companies will ever create a crypto token. To be super clear, none of my companies will ever create a crypto token — Elon Musk (@elonmusk) November 4, 2023 It follows another clarification in August, which came in the form of a…

Elon Musk Warns AI Could Render Jobs Obsolete 

Despite the potential negative impacts of AI, Musk also believes that AI would be a force for good and could even serve as a great friend and companion to users.  During a recent AI Safety Summit in London, Elon Musk had a one-on-one discussion with UK Prime Minister Rishi Sunak about the future of artificial intelligence and its impacts on society. The tech billionaire warned that AI might eventually lead to a world where jobs become a thing of the past. He also painted a picture where you can only…

Musk likens AI to ‘magic genie,’ says no jobs needed in future

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The United Kingdom’s global summit on artificial intelligence safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk.  Musk was one of the many big names to attend the summit, including heads of OpenAI, Meta, Google and its AI division DeepMind, along with leaders from 27 countries. Musk’s nearly hour-long chat with Sunak was one of the main events of the second day. AI discussion with @RishiSunak pic.twitter.com/f5FHGQzE4r — Elon Musk (@elonmusk) November 2, 2023 Their conversation…

Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

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While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs. “The funny thing is the NFT is not even on the blockchain — it’s just a URL to the JPEG,” said Musk in an Oct. 31 released interview on The Joe Rogan Experience. Musk said NFT projects should at least encode the JPEG on-chain: “You should at least encode the JPEG in the blockchain. If the company housing the image…

UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk

The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China.  U.K. Prime Minister Rishi Sunak is hosting the event, which is taking place nearly 55 miles north of London in Bletchley Park. It comes at the end of a year of rapid advancements in the widespread use and accessibility of AI models following the emergence of OpenAI’s…

Twitter is now worth half of the $44B Elon Musk paid for it: Report

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Elon Musk’s social media platform, X (formerly Twitter), is worth less than half of what the tech billionaire bought it for in October last year, an internal memo has reportedly revealed. According to an Oct. 30 report from Bloomberg, the internal memo and sources familiar with the matter said that restricted stock units recently paid to employees of the company were valued at $45 a share, which puts the company’s value at around $19 billion, less than half of the $44 billion that Musk paid for the company on Oct.…

Elon Musk Plans to Integrate Dating App Features on Twitter (X) by 2024

The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing plans for the future of the platform. According to a Business Insider report citing people familiar with the matter, Musk plans to turn the X platform into a “fully-fledged” dating site by 2024, making it…