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Elon Musk Takes Full Control of Twitter

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Elon Musk Takes Full Control of Twitter

Twitter is now in full control of billionaire Elon Musk after CEO Parag Agrawal, and CFO Ned Segal departed the company’s headquarters and will not return.

According to the Washington Post, Vijaya Gadde, the head of Twitter’s legal policy, trust, and safety, was also sacked.

Elon Musk has requested engineers from Tesla Inc., the electric vehicle firm he oversees, to meet with product leaders at Twitter Inc., pushing quickly to make an impression on the company he is about to take private.

Musk’s representatives say Twitter’s engineers can no longer make code updates as of midday in San Francisco.

Musk had until Friday to finalize his $44 billion purchase of Twitter or face legal action from the company.

Twitter accepted Musk’s offer to buy the social media site and take it private in April.

On the other hand, Elon Musk quickly cast doubt on his plans to follow through on the deal, claiming that the firm failed to sufficiently reveal the number of spam bots and phony accounts on the service.

elon musk twitter

When Elon Musk announced his intention to end the agreement, Twitter sued him, stating that he “refuses to honour his responsibilities to Twitter and its stockholders because the agreement he signed no longer serves his personal interests.”

In the following months, Twitter and Musk traded barbs through their attorneys as the two sides prepared to go to Delaware’s Court of Chancery to determine the company’s fate and if it would end up in Musk’s hands.

According to Fox News, Musk stated marketers on Thursday to ensure them that social messaging services will not descend into “a free-for-all hellscape, where anything can be said without any consequences!”

“I acquired Twitter because I believe it is critical to the future of civilization to have an open and shared town square.

Where a wide range of thoughts and opinions can be argued healthily, without cancellation o violence,” Musk stated in the message.

“There is currently a significant risk that social media may splinter into far-right and far-left echo chambers, generating more hate and dividing our society.”

Musk made a big sensation on Twitter yesterday with a video of himself stepping inside the tech giant’s offices ahead of his acquisition.

Elon Musk posted a video of himself going into Twitter’s foyer while carrying a sink.

“Welcome to Twitter HQ!” Musk said, making a visual joke. Many Musk supporters and other conservatives backed the billionaire. “Let Freedom Ring!” exclaimed GOP commentator Wesley Hunt.

“I can’t even compute how much money I’d pay to read the Slack chat of Twitter employees today,” Substack journalist Glenn Greenwald commented. “Definitely would pay extra to hear the views of ‘Content Moderators.'”

“Elon is about to make Twitter great again,” conservative comedians the Hodge Twins claimed.

“Boy, it makes me thrilled to see Elon Musk visiting Twitter HQ after 13 years on this platform getting censored, shadow banned, and losing followers. LET FREEDOM RING!” journalist Emily Miller wrote on Twitter.

“If you didn’t appreciate The Babylon Bee calling an adult male a man, you could have just stopped following them on Twitter,” The Daily Wire’s Frank J. Fleming pointed out.

Others, on the other hand, did not find Musk’s film amusing.

CNN expert Juliette Kayyem commented, “This is cruel.” “Whatever the masters of the universe do with this website, a lot of people will lose their jobs — not fancy people, simply people with kids and houses and holiday plans who make corporations operate and rich men richer.”

Mississippi Free Press reporter Ashton Pittman tweeted, “He’s such a piece of trash.”

“A tech millionaire with very strong, quirky, and frequently half-baked political beliefs, fueled by immense ego, is live-tweeting his takeover of this platform,” said Der Spiegel journalist Mathieu von Rohr.

The nine-second video received over 16 million views in just a few hours.

Musk’s Twitter bio was also altered to “Chief Twit,” and he later posted, “Meeting a lot of fascinating people at Twitter today!”

Conservatives have broadly applauded Musk’s takeover, citing the billionaire tycoon’s support for free speech ideals, while liberals have warned that Musk will enable “misinformation” and hateful content to proliferate and may reestablish former President Trump’s Twitter account.

Source: Fox, VOR News

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Increasing its Stake in OpenAI by $1.5 Billion is a Possibility for SoftBank.

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OpenAI
Photo: Justin Sullivan (Getty Images)

(VOR News) – According to recent sources, OpenAI is presently working to obtain an additional $1.5 billion investment from SoftBank (SFTBY +0.39%). Numerous websites have reported on this information today.

It has been claimed that the AI startup is allowing its staff to take part in the sale of shares worth approximately $1.5 billion to the Japanese investment firm through the use of a tender offer.

According to CNBC (CMCSA+0.73%), the news organization allegedly supplied this information, claiming to have had it from unnamed sources with knowledge of the topic.

Current and former OpenAI workers who have been granted restricted stock units throughout the previous two years have till December 24 to consider their options on cashing out their shares.

OpenAI’s public reports support this.

According to reports, the Vision 2 fund of the investment group is now negotiating the deal, which would raise the fund’s stake in the artificial intelligence startup.

The artificial intelligence corporation would benefit from this breakthrough. This would be a positive development for the fund if it happened. A favorable development for the fund would result from the occurrence of this event.

According to a recent interview with CNBC, SoftBank CEO Masayoshi Son has allegedly asked for a bigger role in OpenAI on multiple occasions. The person who informed CNBC of this information did so.

The aforementioned demands have been made on several different occasions. Son is the one taking the initiative to move the tender offer in the right direction.

OpenAI received a $500 million donation from the Japanese company at the time of its $6.6 billion funding round, which valued the company at $157 billion. The investment round had a total value of $6.6 billion. Public availability of the fundraising round was announced in October.

Neither SoftBank nor OpenAI responded to Quartz’s request for a statement for a considerable period of time. Neither company responded to the situation. Nevertheless, even though Quartz made the request, none of them gave a prompt response.

The information acquired indicates that there is no relationship between OpenAI’s future reorganization plans and the Japanese corporation’s tender offer. For the group to implement these suggestions, it would have to change its status from nonprofit to for-profit organization.

Meanwhile, there have been accusations of OpenAI overspending on operations.

This is the circumstance at the moment that this is happening. According to financial documents examined by the New York Times (NYT -0.63%), OpenAI anticipates achieving $3.7 billion in revenue by the end of the year. The company’s financial statements provide this information.

This projection is consistent with what is anticipated given the organization’s existing financial status. An article that provided the public with this information was published in the New York Times during the month of September.

Additionally, the study found that the startup company estimated that it will lose nearly $5 billion this year due to costs like paying its employees and operating its AI models. These costs resulted from the company’s inability to pay its workers enough.

The investigation’s conclusions led to the conclusion that the corporation intended to suffer financial losses. According to some reports, OpenAI plans to make more than $11.6 billion in income in the upcoming year

According to a story published earlier this month by Bloomberg, OpenAI has stated that they intend to launch an AI agent in January with the codename “Operator.” The report contained these information.

This month’s article was published at the start of the month themselves. The artificial intelligence agent is reportedly capable of performing tasks on behalf of a user, including writing programming and booking trips, based on the capabilities that are believed to be available to it. The skills that are made available to it are consistent with this.

SOURCE: QZ

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NVIDIA’s Earnings: The Leader in AI Chips Demonstrates Relentless Growth.

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NVIDIA

(VOR News) – Nvidia, the world’s most valuable company and a catalyst of the artificial intelligence revolution, announced another quarterly report on Wednesday, much to the delight of investors.

The company’s value has risen by $2.2 trillion this year to reach $3.6 trillion, attributed to a near doubling of chip sales. It reported revenue of $35.08 billion, which fell short of the anticipated $33.15 billion. Year on year, its profits more than doubled. Revenue rose 94% compared to the same quarter of the prior year.

Nvidia predicted 70% growth.

Nvidia reported earnings of $0.81 per share, exceeding analysts’ predictions by $0.81. After the announcement, Nvidia’s stock plummeted over 5% in extended trading but immediately recovered to stay at a comparable level; it had previously closed at $145.89 in New York.

In a press statement last week, Nvidia CEO Jensen Huang projected that the computational power facilitating generative AI development will increase by “a millionfold” over the next decade.

During an earnings call, Huang asserted that the extensive adoption of Nvidia technology is instigating a platform transition from coding to machine learning, prompting the reconfiguration of traditional data centers to facilitate artificial intelligence development.

A novel industrial revolution poised to create an artificial intelligence sector valued in the multi-trillion dollar range. Generative artificial intelligence is a new industry with artificial intelligence factories manufacturing digital intelligence, not merely a new tool capacity,” he stated.

“AI is revolutionizing every industry, organization, and country,” stated Huang. “Constructing an artificially generated data omniverse… the epoch of robotics has commenced.”

The robust demand for NVIDIA’s Blackwell GPU chips appears to have mitigated concerns regarding a potential decline in the company’s demand, as major digital corporations invest billions in data centers and artificial intelligence processing.

August low

After the election, the semiconductor stock has attained unprecedented peaks, increasing almost 200% this year and exceeding 1,100% over the past two years.

Nevertheless, as they struggle to compete with Nvidia’s supremacy in AI, other chip manufacturers have become a net detriment to the industry.

Wedbush analyst Dan Ives anticipated another “drop-the-mic performance” from Nvidia before the results were announced, asserting that the business was “the sole contender with over $1 trillion in AI capital expenditure forthcoming over the next few years, with Nvidia’s GPUs representing the new oil and gold in this domain.”

IT companies spent billions.

Many perceive Nvidia as a barometer for the technology sector and the desire for artificial intelligence, which has driven Wall Street to numerous all-time highs this year.

Markets are anxious due to the escalation of the Russia-Ukraine conflict, the likelihood that the Federal Reserve will not reduce US interest rates, and the potential for global tariff increases under Donald Trump’s forthcoming administration.

Multiple analysts corroborated Ives’ assertion that Nvidia’s forthcoming Blackwell processor might propel the company’s revenues and market capitalization to historic levels. Indicators of “extraordinary demand” for the new chip, including forecasts of unprecedented sales and accounts of depleted inventories for the forthcoming year, are significant indicators of Nvidia’s continued exceptional growth, as Saxo chief investment analyst Charu Chanana stated.

Nevertheless, due to its inflated valuation, Chanana warned that “any indications of production delays or insufficient demand could exert pressure on the stock.”

This week, a source reported that the chipmaker is seeing server overheating issues with its latest graphics processors, the B200 and GB200 NVL72, named after renowned American statistician and mathematician David Harold Blackwell.

Nvidia’s spokesperson remarked that “the engineering iterations are standard and anticipated,” without explicitly dismissing the report.

“Minor details can disrupt significant investments consistently,” stated computer magnate Michael Dell.

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How to Boost Your Instagram Live Videos

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Instagram Live Videos

Video marketing on Instagram is booming. Today, developers offer influencers and entrepreneurs many tools to make their pages popular and improve their online credibility and visibility.

Streams are one of the most effective ways to communicate with the audience, expand reach and improve engagement. However, as with everything else, you should clearly understand what results you expect from this type of PR and what tools will help you achieve them.

Of course, the competition here is high and intense, so you should know the best ways to promote your live sessions and improve their visibility to stay ahead of the competition and make your streams better and viewed every day. You need to know several secrets to achieve the desired result here, and today, we’ll tell you about them. Keep reading!

Use paid Instagram service.

So, your goal is to get as many views as possible and attract more loyal fans. How can you do this? Generally speaking, there are many ways, but they all require a lot of effort, time and resources from you. Most of them are created for long-term PR; you’ll get the result from free methods only after a few weeks or months.

The best thing is that you can greatly simplify your growth and instantly get as many interactions as you want. The secret is simple. Today, professional advertising companies offer various boosts for rapid growth, including the opportunity to buy Instagram live video views.

You can check out Viplikes: https://viplikes.net/buy-instagram-live-video-views. In other words, real people will come to your stream and stay here for a while. Such a purchase will inevitably attract more new target subs – your live session will occupy a leading position in their feed. So, if you don’t have time to promote live videos in freeways or want to support your content, use a paid boost and combine it with other secrets of success, which we’ll share below.

Notify your followers and post teasers.

Yes, it’s normal if you start a stream without any notifications for your subscribers, but in this case, you should keep in mind that there will be much fewer interactions than you would like. That’s why SMM specialists and famous content makers recommend notifying fans in advance and writing the live session’s time, date and topic. Agree this is logical; if people know about the upcoming live video, they are more likely to visit it. So, if you aim to build up a large viewing base, keep this rule in mind and notify subscribers using Stories, Reels, posts or something else.

It’s the same with teasers: spread as much information as possible about the upcoming stream. Promise something unique and interesting that will be available only to live spectators. This is another secret of a successful session!

Collaborations

If you’ve never started streaming with another influencer, it’s time to do so! This is one of the best ways to quickly attract new spectators and improve live video statistics—a double benefit.

But you need to understand that not all bloggers agree to such activities, so it’s better to choose those with whom you’re already familiar or who have the same statistical indicators. Then, the effectiveness of the live sessions will be excellent, and the collaboration will go smoothly. Good luck!

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