Elon Musks Net Worth Nears $100 Billion As Tesla Stock Burns Rubber – Forbes

Elon Musk is on the verge of becoming the world's fifth centibillionaire.

Elon Musk is on the verge of breaking his twelfth digit. Shares of his electric carmaker Tesla jumped 3.75% on Thursday, boosting Musks net worth by $3.2 billion, to $98.8 billionjust $1.2 billion away from making Musk the fifth centibillionaire in the world.

He is the worlds fifth-richest person, according to Forbes real-time ranking, clocking in ahead of the Oracle of Omaha Warren Buffett and behind Facebooks Mark Zuckerberg.

Musks fortune has quadrupled since mid-March, when he ranked No. 31 on Forbes Worlds Billionaires list with a net worth of $24.6 billion. He owns 21% of the $416 billion (market cap) company but has pledged more than half his stake as collateral for personal loans; Forbes applies a discount to his pledged shares to account for the loans.

Tesla stock will split on a 5-for-1 basis on Friday after the market close and start trading on a split-adjusted basis on Monday. Shares have risen 35% since Tesla announced the move on August 11.

Analysts are divided on Teslas meteoric rise. Bernstein analyst Toni Sacconaghi called the companys valuation mind-boggling in late July. "Despite our relatively bullish stance on electric vehicle evolution, and structural advantages we believe Tesla may hold, we find it difficult to justify Tesla's current valuation even under our most bullish/imaginative scenarios, Sacconaghi wrote in a research note. He also warned that the Chinese government could retaliate against Tesla and other American tech companies over President Trumps TikTok ban.

Wedbushs Dan Ives, who recently raised his bull case price target to $3,500 a share, contends that Tesla will keep soaring. We still think bright days are ahead for Tesla, Ives told Bloomberg last week. Despite the haters who continue to scratch their heads, the stock moves higher.

Musk has received two enormous stock option grants this year, worth $6.4 billion, as part of his compensation package. A third is on the way if Tesla maintains a six-month average market capitalization of $200 billion, and posts either $55 billion of revenue or $4.5 billion of adjusted EBITDA for the previous four consecutive quarters.

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Elon Musks Net Worth Nears $100 Billion As Tesla Stock Burns Rubber - Forbes

Stocks & Shares, Art, Antiques and Property: Peak Uncertainty – Even Elon Musk is off by 245% – IFA Magazine

Normal life, so say, returns when the nations kids go to school, and our young adults flood off to Universities in unprecedented numbers. COVID in the UK is trickling away, the housing market is roaring, The future is clear, and it is web and tech-based. What could possibly go wrong?

Most of the time it is easy to identify emerging trends, to predict who the various gears, cogs and levers of society and the economy will mesh and to place your bets in a considered manner, the essence of smart investing. But these are not normal times, and it requires excellent peripheral vision to identify what opportunities and threats are racing to the fore, we are just out of the starting gate, the first fence is looming, where would you place your bets?

Stocks & Shares

With the benefit of a time-machine, most would be retrospectively piling into Tesla and Amazon stocks. Indeed even Teslas CEO, Elon Musk, called it wrong; declaring on May Day that Tesla stock was too high in his May 1st tweet, having peaked at $869.82. The stock has jumped by up 245% since. If Musk, now the fourth wealthiest person on the planet, cant predict his own stock price, the market must be irrational. Or perhaps he is? But is this a rational irrationality and therefore predictable? Are prescient investors backing a generational reset, as with thedot.comboom at the millennium? Or is this a bible created with money fleeing other sectors?

What we are seeing is the distorting effects of the transfer of wealth between asset classes. The complex weave of bond yields, profitability, taxation and growth are twisted by the uncertainty of the world economy, and distorted by Government and Central Bank intervention. The difficulty is discerning what is the effect of a short term distortion, and where the longer-term real growth lies.

Property

Commercial investment seems easy to call, people will be staying home to work, demand for centralised and expensive office space will fall away, along with rents and returns, The knock-on for retail landlords doesnt look much better than that. You would have thought residential would be similarly easy to call, but the market is operating counter to received wisdom, Estate Agents are reporting surges in activity, driving prices higher. Buyers are buying, and sellers are selling. Is it pent up demand? The lure of low interest rates, the stamp duty holiday? Or just business as usual.

Many predict that rising unemployment will kill demand, aided by tightening lending and cautious mortgage valuers. However, house prices may be very responsive when prices are rising, but are notoriously sticky when it comes to price falls. For house prices to fall the market needs vendors prepared to undercut the market to move. That means enough people need to be suffering the threat or reality of repossession, or unaffordable mortgage payments to cause the market to be undermined. Otherwise, people sit out a market which is stagnant. There is no immediate repossession crisis looming, and until furloughing is fully withdrawn, it wont be clear exactly how many people will have been thrown into the financial distress of unemployment. Even assuming that is as bad as some predict there is still the probability that the Chancellor, Rishi Sunak, will intervene with new mortgage payment support benefits or payment holiday entitlements. It is clear the Government are taking the view in for a penny, in for a pound so we can expect imaginative, and possibly expensive fixes to keep prices stable. The market is almost impossible to call in advance, but as ever will have been completely obvious when reviewed with hindsight from the other side of events.Continue reading article

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Stocks & Shares, Art, Antiques and Property: Peak Uncertainty - Even Elon Musk is off by 245% - IFA Magazine

Musk Wealth Tops $100 Billion as Bezos Worth Twice as Much – Bloomberg

Jeff Bezos and MacKenzie Scott in 2018.

Three of the worlds richest people have achieved staggering new levels of personal wealth.

The net worth of Amazon.com Inc. founder Jeff Bezos eclipsed $200 billion on Wednesday as shares of the e-commerce giant climbed to a record. The move simultaneously pushed his ex-wife MacKenzie Scott, 50, to the brink of becoming the worlds richest woman, just behind LOreal SA heiress Francoise Bettencourt Meyers.

Elon Musk, meanwhile, extended an extraordinary stretch of wealth gains to become a centibillionaire. Tesla Inc. shares rallied Wednesday, pushing his net worth to $101 billion, according to the Bloomberg Billionaires Index, a listing of the worlds 500 richest people.

Tech companies boosted the S&P 500 and Nasdaq Composite indexes to new highs for a fourth straight day, buoyed by news that the Federal Reserve is likely to keep short-term interest rates near zero for at least five years.

The gains by Bezos, 56, and Musk represent just the latest high water mark for wealth accumulation in a topsy-turvy year defined by both surging markets and catastrophic human and economic loss. The worlds 500 richest people have gained $809 billion so far this year, a 14% increase since January, even as a global pandemic caused a record drop in gross domestic product and millions of lost jobs.

The rising income inequality has provoked sharp responses from many progressive politicians and critics on the left. U.S. Senator Bernie Sanders earlier this month introduced legislation to tax extreme wealth gains during the coronavirus crisis.

We cannot continue to allow billionaires like Jeff Bezos and Elon Musk to become obscenely rich while millions of Americans face eviction, hunger and economic desperation, Sanders said Wednesday in a statement. Its time to fundamentally change our national priorities.

Others view their massive wealth as justified, saying theyve earned it through the creation of singular businesses. When you look at Musk and Bezos, its understated to say that in their own ways, theyve changed the world, said Thomas Hayes, chairman of Great Hill Capital.

The surge in wealth is especially concentrated in the upper ranks of the billionaires index and has been fueled largely by tech stocks, which have been on a tear as the pandemic drives more people online. That also includes a rise in the number of retail investors buying stocks.

Musk, 49, now one of four centibillionaires in the world, has seen his fortune grow by $73.6 billion this year, a jump still smaller than Bezoss, who is up by $87.1 billion. Facebook Inc.s Mark Zuckerbergs net worth topped $100 billion earlier this month. On Wednesday alone, it rose by $8.5 billion.

U.S. tech tycoons havent been the only beneficiaries. Indias Mukesh Ambani became the first Asian to rank among the worlds five richest last month. Hes gained $22.5 billion this year on the back of a boost in shares of his conglomerate Reliance Industries Ltd., whose tech division has attracted recent investments from the likes of Facebook and Silver Lake.

And despite growing tensions with the U.S., Chinas tech billionaires have gained this year too. Tencent Holdings Ltd. Chief Executive Officer Pony Ma has amassed $16.6 billion this year and is now worth $55.2 billion. Alibaba Group Holding Ltd.s Jack Ma and William Ding of NetEase Inc. have also added more than $12 billion each, putting their fortunes at $58.9 billion and $30.8 billion, respectively.

With assistance by Jack Witzig, Tom Metcalf, and Richard Macauley

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Elon Musk | Biography & Facts | Britannica

Elon Musk, (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla.

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Elon Musk was born on June 28, 1971.

Elon Musk cofounded the electronic payment firm PayPal and founded the spacecraft company SpaceX. He became chief executive officer of the electric-car maker Tesla.

Elon Musk founded SpaceX, a company that makes rockets and spacecraft. He became the chief executive officer and a major funder of Tesla, which makes electric cars.

Musk was born to a South African father and a Canadian mother. He displayed an early talent for computers and entrepreneurship. At age 12 he created a video game and sold it to a computer magazine. In 1988, after obtaining a Canadian passport, Musk left South Africa because he was unwilling to support apartheid through compulsory military service and because he sought the greater economic opportunities available in the United States.

Musk attended Queens University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he received bachelors degrees in physics and economics in 1995. He enrolled in graduate school in physics at Stanford University in California, but he left after only two days because he felt that the Internet had much more potential to change society than work in physics. That year he founded Zip2, a company that provided maps and business directories to online newspapers. In 1999 Zip2 was bought by the computer manufacturer Compaq for $307 million, and Musk then founded an online financial services company, X.com, which later became PayPal, which specialized in transferring money online. The online auction eBay bought PayPal in 2002 for $1.5 billion.

Musk was long convinced that for life to survive, humanity has to become a multiplanet species. However, he was dissatisfied with the great expense of rocket launchers. In 2002 he founded Space Exploration Technologies (SpaceX) to make more affordable rockets. Its first two rockets were the Falcon 1 (first launched in 2006) and the larger Falcon 9 (first launched in 2010), which were designed to cost much less than competing rockets. A third rocket, the Falcon Heavy (first launched in 2018), was designed to carry 117,000 pounds (53,000 kg) to orbit, nearly twice as much as its largest competitor, the Boeing Companys Delta IV Heavy, for one-third the cost. SpaceX has announced the successor to the Falcon 9 and the Falcon Heavy: the Super HeavyStarship system. The Super Heavy first stage would be capable of lifting 100,000 kg (220,000 pounds) to low Earth orbit. The payload would be the Starship, a spacecraft designed for providing fast transportation between cities on Earth and building bases on the Moon and Mars. SpaceX also developed the Dragon spacecraft, which carries supplies to the International Space Station (ISS). Dragon can carry as many as seven astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020. Musk sought to reduce the expense of spaceflight by developing a fully reusable rocket that could lift off and return to the pad it launched from. Beginning in 2012, SpaceXs Grasshopper rocket made several short flights to test such technology. In addition to being CEO of SpaceX, Musk was also chief designer in building the Falcon rockets, Dragon, and Grasshopper.

Musk had long been interested in the possibilities of electric cars, and in 2004 he became one of the major funders of Tesla Motors (later renamed Tesla), an electric car company founded by entrepreneurs Martin Eberhard and Marc Tarpenning. In 2006 Tesla introduced its first car, the Roadster, which could travel 245 miles (394 km) on a single charge. Unlike most previous electric vehicles, which Musk thought were stodgy and uninteresting, it was a sports car that could go from 0 to 60 miles (97 km) per hour in less than four seconds. In 2010 the companys initial public offering raised about $226 million. Two years later Tesla introduced the Model S sedan, which was acclaimed by automotive critics for its performance and design. The company won further praise for its Model X luxury SUV, which went on the market in 2015. The Model 3, a less-expensive vehicle, went into production in 2017.

Musk expressed reservations about Tesla being publicly traded, and in August 2018 he made a series of tweets about taking the company private, noting that he had secured funding. The following month the U.S. Securities and Exchange Commission (SEC) sued Musk for securities fraud, alleging that the tweets were false and misleading. Shortly thereafter Teslas board rejected the SECs proposed settlement, reportedly because Musk had threatened to resign. However, the news sent Tesla stock plummeting, and a harsher deal was ultimately accepted. Its terms included Musk stepping down as chairman for three years, though he was allowed to continue as CEO.

Dissatisfied with the projected cost ($68 billion) of a high-speed rail system in California, Musk in 2013 proposed an alternate faster system, the Hyperloop, a pneumatic tube in which a pod carrying 28 passengers would travel the 350 miles (560 km) between Los Angeles and San Francisco in 35 minutes at a top speed of 760 miles (1,220 km) per hour, nearly the speed of sound. Musk claimed that the Hyperloop would cost only $6 billion and that, with the pods departing every two minutes on average, the system could accommodate the six million people who travel that route every year. However, he stated that, between running SpaceX and Tesla, he could not devote time to the Hyperloops development.

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Blog: Elon Musk and the future of the D&O market – Insurance Age

Elon Musk recently made headlines in the insurance industry press for stating that he has replaced Teslas D&O policy with a personal indemnity for the companys board members in response to disproportionately high renewal quotations.

The story is one high-profile example of a possible trend of companies scaling back on D&O cover as the market continues to harden. So what is moving the market, how are businesses responding and what might the consequences be if companies increasingly rely on

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Elon Musk says coronavirus pandemic is ‘practice run’ for …

Elon Musk

Mike Blake | Reuters

Elon Musk said how the United States reacts to the Covid-19 pandemic can be viewed as a sort of trial run before an even more deadly virus spreads across the globe.

"At some point there probably will be a pandemic with a high mortality rate, something that's killing a lot of 20 year olds, let's say. This is kind of like a practice run for something that might in the future might have a really high mortality rate," the Tesla CEO said in an interview with comedian Joe Rogan that aired Thursday.

"We kind of got to go through this without it being something that kills vast numbers of young, healthy people," he added.Musk stressed that he believes the mortality rate of Covid-19 is much lower than estimated. The World Health Organization said in March that the Covid-19 mortality rate is 3.4% globally.

The WHO warned last month that more young peopleare becoming critically ill and dying from the coronavirus.Dr. Mike Ryan, executive director of WHO's emergencies program, has said that it's a mistake to assume the virus only seriously harms older people and those with underlying health conditions.

Musk has been a vocal critic of how government and health officials are reacting to the coronavirus pandemic that's killed at least 73,431 people in the United States. While talking to analysts in the company's Q1 2020 earnings call, Musk said stay-at-home orders are "forcibly imprisoning people in their homes against all their constitutional rights."

Public health officials have routinely cautioned that reopening too quickly could result in cases of Covid-19 re-accelerating and developing new hot spots that could overwhelm health systems.

Musk that people will come out of the pandemic with healthier habits, such as increased hand washing and mask usage, which he views as a silver lining. More vaccines and cures could be generated too as the understanding of these viruses improve, he added.

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Jeff Bezos and Elon Musk’s plans to colonize space are even crazier than we thought – New York Post

As a child, Elon Musk would read comic books and sci-fi novels and dream of fantastical worlds. Now the tech entrepreneur is on the verge of visiting one.

Musks focus narrowed some 20 years ago while poking around NASAs website. He noticed that there was no timetable for a manned mission to Mars. He later called the lack of vision shocking.

Musk, then already a millionaire from the sale of a software company, ditched Silicon Valley for Los Angeles, in order to be closer to the aerospace industry, and set his sights on the stars.

Now the future of space is largely in his and the hands of other free-spending, big-dreaming billionaires like him, including Amazons Jeff Bezos.

But what will this future look like?

Some answers can be found in the new book Star Settlers: The Billionaires, Geniuses, and Crazed Visionaries Out to Conquer the Universe (Pegasus Books) by Fred Nadis, out now.

I see [guys like Musk] almost like medieval cathedral builders, with this multi-century project that theyre willing to take their time and their livelihood, Nadis told The Post.

That said, the author thinks these billionaires may be dreaming a bit too big.

Musk, the founder of Tesla, has said that all of his earthly business ventures are just a way to fund his true passion: colonizing Mars.

His company, SpaceX, is planning to send humans to the red planet in 2024. Within a century, Musk envisions reusable rockets blasting off every two years and ferrying some 200 passengers at a time, ultimately establishing an outpost of a million people.

Its still unclear how theyll survive.

At its closest, Mars is some 35million miles from Earth, and a trip would take around nine months. Once they get there, the problem explorers will face is that Mars atmosphere is much thinner than Earths and the planet generates no electromagnetic field, meaning it gets pounded by cosmic rays and other energy harmful to humans.

Its really challenging, Nadis says. Not quite as simple as SpaceX might make it out to be.

Musk has offered sketchy details of what life off-world might look like. Any Mars colony would have to be self-sustaining and not rely on supplies from Earth. Musk has suggested food be grown on hydroponic farms, either underground or in an enclosed structure to protect the crops from radiation, but because Mars surface gets about half the sunlight Earth does, whatever plants that can be grown will likely have to be supplemented with artificial lights and powering those lights will be no small challenge.

Musk has said farms will be powered by solar panels, though hes offered few details.

Really pretty straightforward, he told Popular Mechanics last year.

In the same interview, the billionaire suggested Mars inhabitants might live under a glass dome with an outdoorsy, fun atmosphere until the planet is terraformed artificially transforming the planet to make it more Earth-like, with a livable atmosphere.

But that plan also presents a problem: A 2018 NASA-sponsored study concluded that terraforming Mars is impossible, because there is not enough carbon dioxide locked in the soil to release into the air.

Musk, however, isnt daunted. He has suggested exploding 10,000 nuclear missiles over Mars surface in order to melt the planets ice reserves, thereby releasing the carbon dioxide locked within. His company has even produced Nuke Mars T-shirts.

Scientists are divided on whether the idea would work. Penn State climate scientist Michael Mann, for example, told US News and World Report in 2015, There are so many things that could go wrong here, it is difficult to know where to start.

Meanwhile, Bezos and his company, Blue Origin, are also focused on moving off-world but onto space colonies. Bezos is worried that the Earths resources will be gone in a few hundred years, spurring the need to leave.

Bezos draws much of his inspiration from the work of Gerard ONeill, a Princeton physicist who in the 1970s laid out a grand design for space colonies.

There are so many things that could go wrong here

ONeill envisioned two giant counter-rotating cylinders rotating in order to create artificial gravity joined at each end by a rod. The massive structures could be 4 miles in diameter and at least 16 miles long.

The interior of each cylinder would offer controlled climates and temperate weather, with an Earth-like landscape consisting of forests, artificial rivers and mountains. To protect from cosmic radiation, the cylinders would be lined with moon rock. Plants, pigs and chickens might be raised for food. Low-gravity sports might serve as entertainment.

Colonists might reside in apartments overlooking farmland and living conditions in the colonies should be much more pleasant than in most places on Earth, ONeill wrote in 1974.

With certain technological advances, ONeill envisioned the cylinders being able to grow to encompass some 30,000 square miles, allowing room for up to 700million people.

The colony would likely be parked in a stable orbit between the Earth and the moon, first calculated by a mathematician in 1772. ONeill has said there is room for several thousand colonies there.

Bezos is a fan of ONeills designs, and has said that he one day envisions a trillion of us living on space colonies, though Nadis predicts thats hundreds of years away.

The Amazon founder said its his generations job to begin laying the groundwork for the colonies so that future generations can actually construct them.

The kids here, and your children, and their grandchildren, youre going to build the ONeill colonies, Bezos told attendees at a Washington, DC, press conference last year.

A colony on the moon might be a more realistic bet in some of our lifetimes. Making it to the moon has long been a dream for many, including Bezos and the Japanese tech billionaire Yusaku Maezawa, who tweeted earlier this year that he was looking for a girlfriend to join him on a trip to the orbiting body.

Nadis said the most likely habitats at first will be simple modular units, built on Earth, then flown via rocket to the moon. But one tantalizing prospect is the moons lava tubes seemingly massive underground tunnels made by lava flows. Living inside them would offer protection from radiation and a more stable temperature (about -4 degrees Fahrenheit) than the surface.

Scientists arent yet sure how big or deep these tubes are and what they might look like inside. In his influential magazine, Moon Miners Manifesto, sci-fi fan Peter Kokh once described a civilization of thousands of people living on the rocky terrain, almost like setting up camp in an Earth cave. Sunlight would be piped down below via shafts or optical cable bundles. Elevators would be built to carry inhabitants to the surface. Ultimately, it might be possible to seal a tube and pressurize it, just like with an airplane, creating a breathable habitat.

But one major problem none of these dreamers have been able to solve is human procreation: It may be extremely difficult in space. Never mind the challenges of having sex in diminished gravity. The radiation in space could render males temporarily and females permanently sterile, Nadis writes.

In one Russian experiment, rats were unable to produce babies in space, and when those space rats returned to Earth and mated with regular rats, the offspring tended to have significant abnormalities.

Other bodily functions might suffer in space as well. Take sleep, for example. Our bodies are cued by light exposure and the 24-hour day. On the moon, though, a day lasts more than 27 Earth days, severely screwing with human circadian rhythms. (Mars day is very similar to Earths.)

One solution is to equip habitats with lights that simulate the sun. The compartments then get darkened for night.

And what about peeing and pooping in diminished gravity? Early astronauts had to do their business in a bag (bits sometimes missed and floated around their space capsule). But, in the future, waste might be recycled. A 2017 paper in the journal Life Sciences in Space Research detailed a compact bioreactor that could recycle Numbers 1 and 2 into an edible goo.

Even with so many potential complications, Nadis appreciates the vision of the billionaire space explorers.

What once was fringe thought escaping to the stars has been inching toward the center, the author writes. A potentially profound cultural change appears underway, as we shift from thinking of ourselves as an earthbound species to one of (potential) spacefarers.

But, he concludes, whether we are worthy candidates for dispersal through the solar system or galaxy remains an open question.

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Jeff Bezos and Elon Musk's plans to colonize space are even crazier than we thought - New York Post

Elon Musk’s SpaceX: We now want to bring Starlink internet from space to 5 million in US – ZDNet

Elon Musk's SpaceX has applied for a license to roll out five million 'UFO on a stick' end-user terminals, after 700,000 US residents signed up to be updated about the service's availability.

"SpaceX seeks to increase the number of fixed earth stations authorized under this blanket license from 1,000,000 to 5,000,000," the company said in an application to the Federal Communications Commission (FCC).

The FCC in March approved SpaceX's request to operate one million end-user terminals in the US. Then in June the company invited potential customers to register their interest in Starlink broadband by providing their email address and zip code.

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SpaceX told the FCC it is applying for five million end-user terminals "due to the extraordinary demand for access to the Starlink non-geostationary orbit satellite system".

The invite was opened as part of SpaceX's plan to launch the Starlink public beta in North America in the coming month, by which time it will have put into orbit just 600 of the 12,000 satellites the FCC has approved for launch.

"Despite the fact that SpaceX has yet to formally advertise this system's services, nearly 700,000 individuals represented in all 50 states signed up over a matter of just days to register their interest in said services at http://www.starlink.com," SpaceX said in its new application.

"To ensure that SpaceX is able to accommodate the apparent demand for its broadband internet access service, SpaceX Services requests a substantial increase in the number of authorized units."

SpaceX filed for the new authorization on July 31, one day after the FCC approved Amazon's Project Kuiper application to launch 3,236 broadband beaming satellites. Amazon plans to open its service once 578 Kuiper satellites have been launched.

While none of the nearly 700,000 people is yet a Starlink subscriber, the volume of early interest in Starlink satellite broadband reflects both Musk's marketing nous and the number of people in the US population who aren't satisfied with existing broadband options.

House Democrats in June announced a proposal to overhaul the current FCC definition of broadband by reclassifying 25Mbps download speeds as 'unserved' as part of a $100bn fiber broadband rollout.

SEE: From Earth to orbit with Linux and SpaceX

Elon Musk has said SpaceX needs about 400 Starlink satellites to provide "minor" coverage and 800 for "moderate" coverage in North America. He's also said that Starlink will cater to just 3% to 4% of the population in unserved and underserved areas, but that it would not be suitable for dense urban environments due to bandwidth limitations.

For the section of the population it does serve, SpaceX claims it will offer high-speed broadband with an estimated latency of less than 50 milliseconds.

Also in June it asked the FCC for approval to launch a further 30,000 second generation satellites.

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Elon Musk's SpaceX: We now want to bring Starlink internet from space to 5 million in US - ZDNet

To understand how rich billionaires really are, use this calculator – The Guardian

We all know Jeff Bezos is very rich but wouldnt you love to know how long it would take him to, for example, earn your entire years salary, tackle your entire student debt or pay off your mortgage?

A new website will you give you these exact numbers, as they apply to Bezos and 14 other tech moguls. The company a text messaging company says it uses data on salary, bonuses, earnings from equity and other forms of compensation from 2019 SEC filings to let you calculate just how quickly people like Mark Zuckerberg of Facebook, Susan Wojcicki of YouTube and Reed Hastings of Netflix could pay off all of your expenses.

The data tells us the 15 best-paid CEOs in tech have a combined annual income of over $83bn which is greater than the entire gross domestic product of hundreds of countries.

Tech moguls are now so rich that its not unusual to see shocking comparisons that demonstrate exactly how egregious their salaries are. When Bezos was touted to soon become the worlds first trillionaire (he isnt yet but his net worth of $144bn puts him on track to become one by 2026), we learned he was richer than entire countries and later also found out he was richer than combined countries (to take an example: Jamaica, Iceland, Tunisia and Estonia).

Remember when Elizabeth Warren helped billionaires calculate how much they would pay under her ultra-millionaire tax proposals, and it was pointed out that under her plan, even after tax, Bill Gates would still be a billionaire 60 years from now? Oh, and that time we learned that Zuckerberg takes about two minutes to earn the average US yearly wage?

Now that I know Bezos earns my entire salary in under a minute, it does make the additional $2 an hour that Amazon employees briefly received for working during the pandemic seem even more paltry. (Bezos has now ended that entitlement, despite the virus still raging across the US.)

As for Elon Musk, he could pay my monthly rent after less than 30 minutes of work which makes you wonder why he violated Californias stay-at-home order to keep Teslas factory open, and why he sued local authorities after he was forced to shut it. We can all understand how eager he must be to continue his work (particularly his pressing mission to, er, colonize Mars) but a global pandemic feels like a good moment for pause.

Then again, when you have so much money, it may just not matter: Musks net-worth is almost 20 times the entire budget of the county he sued.

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To understand how rich billionaires really are, use this calculator - The Guardian

Russian Indigenous groups call on Elon Musk not to buy battery metals from Nornickel – The Independent Barents Observer

The company that recently made international headlines for causing environmental disasters on the Taimyr Peninsula by spilling 20,000 tons of diesel fuel into a river in the fragile Arctic ecosystems is under increased pressure.

In a letter to Elon Musk, CEO of Tesla, the Aborigen Forum urgehim not to buy nickel, copper and other products from Nornickel until the company conducts a full and independent assessment of the environmental damage caused by its production.

This week, The Barents Observer could tell the story about dying tree leaves caused by massive air-pollutionover a several square kilometers large area near Nornickels smelters in Monchegorsk on the Kola Peninsula.

In the letter, the Aboriginal-Forum describes environmental pollution as routine occurrencepointing to the river oil spill on the Taimyr Peninsula as an on-going environmental disaster, but not an isolated incident.

The lands of indigenous people appropriated by the company for industrial production now resemble a lunar landscape, and traditional use of these lands isno longer possible, the letter to Musk reads.

Indigenous peoples in the Murmansk region is the Smi, while the Nentsy, Nganasan, Entsy, Dolgan and Evenki live on the Taimyr Peninsula in Siberia.

With mines and metallurgical factories one the Taimyr Peninsula and in the Murmansk region, Nornickel is the worlds largest nickel producer and ranks among the top ten copper producers. It also produces cobalt. All three minerals are important components in the current booming battery production for electric vehicles.

Teslas Elon Musk recently called on miners to produce more nickel. Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,he said in a plea tomining companies quoted by Bloomberg.

It is about 75 kilograms of nickel in an average Tesla Model S battery pack. The metal makes batteries energy dense so vehicles can drive further on a single charge. Tesla sold 367,500 cars last year and production is ramping up with new factories in China, Germany and Texas.

Other carmakers, like VW, BMW, Hyundai and others, are all rushing to secure raw materials for battery cars believed to count for millions of new vehicles annually within the next few years.

Dmitry Berezhkov is one of the experts working with the Aborigen-Forum network in Russia. He says to The Barents Observer it is difficult for the indigenous peoples to have their voices heard.

It is not only difficult, It became impossible during the recent years,he says.

Russia is building a new Arctic industrial reality rapidly and indigenous people are not considered in these activities at all.

Berezhkov names Russian authorities international statements about respect for indigenous peoples as propaganda, and especially so in the Arctic Council where Kremlin, according to him, has full control of the voices from the official Russian indigenous peoples representatives.

Moscow takes over the Chair of the Arctic Council in 2021 for a two-year period.

In reality, they dont pay any attention to indigenous peoples rights on the ground, Dmitry tells.

He hopes the letter to Elon Musk could help.

Nobody knows where Tesla gets the battery metals from as the company doesnt disclose its suppliers. But we consider Musks request to nickel producers as an occasion to pay attention to the environmental degradation of indigenous peoples traditional lands, Dmitry Berezhkov says.

The Aborigen Forum asks battery car makers not to buy metals from Nornickel until the company prepares and implements a plan for re-cultivating contaminated lands on the Taimyr Peninsula and in the Murmansk region.

Also, Nornickel should revise its policies for engaging with indigenous peoples, making new guidelines based in the UN Declaration on the Rights of Indigenous Peoples, the network writes.

As previously reported by The Barents Observer,Nornickel is cooperating with German chemicals producer BASF on a factory in Finland for battery components to carmakers in Europe. Nornickel will supply nickel and cobalt.

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Russian Indigenous groups call on Elon Musk not to buy battery metals from Nornickel - The Independent Barents Observer

The NY Times and Elon Musk Deal With Bolivia – Fair Observer

Maria Silvia Trigo and Anatoly Kurmanaev have penned an article for The New York Times that describes the dramatic protests in Bolivia against the interim government. As so often in NYT articles, the content reveals more about the newspaper itself than about the topic it analyzes.

Treating the current instability in Bolivia with the perspective acquired 10 months after the ouster of Evo Morales, the former president, should have provided a perfect opportunity to review the complex drama surrounding that coup. Instead, the authors chose to describe the dramatic events unfolding today as a simple contest between two opposing groups. The article reports on the roadblocks organized by anti-government protesters that have paralyzed several cities in Bolivia. It cites two motives behind the protests: to challenge the delay of general elections and rebuke the governments poor response to the coronavirus pandemic.

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The authors have reduced an existential geopolitical drama to little more than a vigorous election campaign between two sides with contrary views of the best way of governing. They do take the trouble to mention, in a single sentence, the crucial spark that set off the crisis: Mr. Morales, Bolivias first Indigenous president, was ousted from power in November after a fraught bid for a fourth term.

Here is todays 3D definition:

Fraught:

A convenient adjective to describe a situation characterized by factors that cause anxiety and stress leading to suffering while creating the impression that the reasons for the anxiety are inexplicable, there being no identifiable party responsible for either the stress or the suffering, which also may simply be imaginary

The New York Times has an excellent reason for avoiding to delve into the complex facts behind Morales fraught bid for a fourth term. The Times itself not only misreported those facts at the time of Morales ouster, but the journal actively contributed to justifying a right-wing, anti-indigenous coup led by a fanatically evangelical Christian faction that the US government and its media supported under manifestly false pretenses.

The authors are skilled in The Times art of crafting reporting to get a political message across while hiding their own allegiances from view. In the sentence cited above Mr. Morales. was ousted from power the authors deftly use the passive construction to exclude any reference to how the ousting took place, by whom and with what objective. It was just something that happened, possibly on its own. The ouster was successful and now belongs to history. The passive mood removes any consideration of accountability.

In an earlier article published in June revealing the uncomfortable truth that the pretext for removing Morales was flawed, the authors also demonstrated their talent at carefully designing their wording to remove the question of agency: Mr. Moraless downfall paved the way to a staunchly right-wing caretaker government, led by Jeanine Aez, which has not yet fulfilled its mandate to oversee swift new elections.

Calling it Mr. Moraless downfall implies that, like Humpty Dumpty, the president teetered and fell off the wall. Nobody pushed him. The metaphor paved the way implies that the Anez government simply wandered innocently into a situation of Morales making and profited from it. Continuing to call it a caretaker government denies what most observers had noticed at least since January: that the right-wing former senator entered the presidential palace claiming a much bigger mandate, as Angus McNelly put it.

Finally, adding yet to the observation that the Anez government has not fulfilled its mandate fails to recognize the increasingly evident fact that it has no intention to keep its promise. The very idea of a mandate also obscures the more egregious fact that nobody actually issued a mandate. Back in the thick of events in November 2019, Kurmanaev, quoting Javier Corrales of Amherst College, described the position of the Anez faction: Without a popular mandate, they are pushing forward some of the most objectionable aspects of their agenda.

Then theres the question of possible US involvement, which The New York Times famously dislikes mentioning whenever left-wing governments fall. In the June article, the authors offered a single hint at the US State Departments likely involvement in the coup. The United States State Department quickly reacted to the O.A.S. [Organization of American States] statement, accusing electoral officials of trying to subvert Bolivias democracy, they wrote.

This leaves the impression that the US was nothing more than a neutral observer of the events that played out and that its only interest in the affair is safeguarding democracy. The same article highlighted the flawed accusations of electoral fraud that led to Morales ouster accusations put forward by the OAS, which is largely obedient to the US. Clearly, with hindsight, the US was quite content to see Bolivian democracy not only subverted but canceled.

The article concludes with the now traditional false balance or bothsidesism characteristic of NYT journalism. Referring to the strategic implications around the current protests and their possible political consequences, the authors quote Filipe Carvalho, a Washington-based analyst. Both sides are playing the pandemic for electoral gain, adding a new level of tensions, he said. This leads the journalists to the melancholy conclusion: Whoever wins will take control of a highly divided country in deep recession and few options to restart economic growth.

Anatoly Kurmanaevs article on December 5, 2019,began with this sentence: An independent international audit of Bolivias disputed election concluded that former President Evo Moraless officials resorted to lies, manipulation and forgery to ensure his victory.

On June 7 of this year, Kurmanaev and Maria Silvia Trigo provided an update with this explanation: A close look at Bolivian election data suggests an initial analysis by the O.A.S. that raised questions of vote-rigging and helped force out a president was flawed. Instead of pointing to politically interested deceit, they attributed everything to the fault of undue haste. Quoting Calla Hummel, a Bolivia observer at the University of Miami, they write, The issue with the O.A.S. report is that they did it very quickly.

As The Times reporters consistently skirted around the facts concerning Morales ouster, two other reporters, Vijay Prashad and Alejandro Bejarano, writing for Salon, have provided a more complete historical background. They have updated the history with a revealing story about how American interests have been involved in the Bolivian economy well before the dramatic events of 2019.

The authors call Morales ouster the lithium coup. In July, Elon Musk stepped up to the public witness box with a tweet that inadvertently provided evidence of the economic and political intrigue underlying Bolivias drama. The billionaire entrepreneur began by advising the American people against the evils of too much generosity. Another government stimulus package is not in the best interests of the people imo, Musk opined on Twitter. This provoked the following response from a user called Armani: You know what wasnt in the best interest of people? the U.S. government organizing a coup against Evo Morales in Bolivia so you could obtain the lithium there.

Instead of denying any connection with the coup, Musk defiantly tweeted: We will coup whoever we want. Deal with it. Apparently realizing that this might be interpreted as a confession of collusion, he later deleted the tweet.

This battle of tweets could be dismissed as just another example of Musks Trump-like irresponsible addiction to Twitter. It doesnt prove Teslas CEO had any hand in or knowledge of the events that led to the coup in Bolivia, though the lithium factor and Musks initiatives in South America would seem to point in that direction.

But Musks formulation of his message is revealing. He claims we have the right to foment coups. He begins by claiming to speak in the name of the interests of the [American] people. But the we he identifies with is not the people. Its US imperial power, a force that for more than a century has intervened against whoever we want as it has both successfully and unsuccessfully sought to overthrow any government guilty of showing a preference for the interest of its people to the detriment of American businesses.

On the day following Musks original tweet advising against a stimulus package following the economic downturn in the US, The New York Times Maureen Dowd published an interview with him in which she affirmed that he also really does want to save the world and make products that bring joy. In the end, thats how The Times has treated all the coups of the past. The rest of the world simply has to learn to deal with it.

*[In the age of Oscar Wilde and Mark Twain, another American wit, the journalist Ambrose Bierce, produced a series of satirical definitions of commonly used terms, throwing light on their hidden meanings in real discourse. Bierce eventually collected and published them as a book, The Devils Dictionary, in 1911. We have shamelessly appropriated his title in the interest of continuing his wholesome pedagogical effort to enlighten generations of readers of the news. Read more of The Daily Devils Dictionary on Fair Observer.]

The views expressed in this article are the authors own and do not necessarily reflect Fair Observers editorial policy.

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Elon Musk’s Neuralink Chip Could Lead to a ‘Black Mirror’ Episode in Real Life: Experts Warn It Could be Hacked – Tech Times

The hype around Elon Musk's mysterious Neuralink brain-computer interface (BCI) is getting bigger as the billionaire tech CEO is slowly detailing how the chip would work, but experts have a warning: the chip, along with other neural interfaces, could be hacked.

(Photo : Gerd Altmann from Pixabay)Experts warn that brain-computer interface like the Neuralink chip could be hacked.

According to a Daily Mailreport, experts have issued a warning that hackers could target these BCIs, including Musk's Neuralink chip, to create a worse breach than anything else.

Based on the report, hackers could exploit the tech, read and steal thoughts and memories, and delete your skills, which could be easily mistaken for a Black Mirrorepisode--only that it could happen in real life.

Elon Musk has been working on Neuralink since 2016 when he first founded it.

Not much has been said about the company, nor the brain chip they have been working on except a few details that Musk has announced over his Twitter account.

Read Also: [BEWARE] China's All-Seeing Massive Surveillance Could Monitor Every 'Millimeter' of an Entire Population

But one thing is for sure: Musk said he has been developing the neural interface so that humans could compete with artificial intelligence and avoid a looming Singularity apocalypse, which is the theory that AI and robots will soon overtake people.

In a previous interview with the New York Times, Musk predicted that in the next five years, humankind could already be overtaken by AI, and although humanity won't become extinct, it could be "uncomfortable."

A few of the details that the tech CEO has shared via social media is the chip's ability to cure depression, change the wearer's mood, hear thingsthey weren't able to hear before, and even cure mobility problems, which could be helpful for people who have paralysis due to injured spines.

But while BCIs, specifically the Neuralink's chip, appears to be a great answer to many problems with our bodies, security experts are worried.

ZDNetreports that experts believe that cybercriminals would try and hack into these types of technologies, especially as they could use it to bring down large corporations to even nations as they could read the minds of political leaders, business executives, and such.

Furthermore, experts could soon use these neural chips as an authentication mechanism as our brain activities' patterns are incredibly unique.

They believe it could be used to permit access to sensitive data, which is why cybercriminals think it would be worthwhile to hack into these systems, despite the challenge they would face in replicating brain waves.

But in the event a hack takes place, what are the repercussions?

"What type of damage will [an attack] do to the brain, will it erase your skills or disrupt your skills? What are the consequences - would they come in the form of just new information put into the brain, or would it even go down to the level of damaging neurons that then leads to a rewiring process within the brain that then disrupts your thinking," said director of research Dr. Sasitharan Balasubramaniam from the Waterford Institute of Technology's Telecommunication Software and Systems Group (TSSG).

To avoid these worst-case scenarios, manufacturers such as Musk's Neuralink would have to ensure the security of these interfaces by using all sorts of familiar measures to "ensure that no unauthorized person can modify their functionality."

Read Also: [VIDEO] Human Tongues Could Control Games, Phones, or Computer Through This Device!

This article is owned by TechTimes.

Written by: Nhx Tingson

2018 TECHTIMES.com All rights reserved. Do not reproduce without permission.

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Elon Musk's Neuralink Chip Could Lead to a 'Black Mirror' Episode in Real Life: Experts Warn It Could be Hacked - Tech Times

Elon Musk’s Neuralink Brain Chip Will Soon Allow Users to Take Charge of Moods and Emotions – Tech Times

BOCA CHICA, TX - SEPTEMBER 28: SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company's Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. The Starship spacecraft is a massive vehicle meant to take people to the Moon, Mars, and beyond. ( (Photo by Loren Elliott/Getty Images) )

Elon Musk's Neuralink currently develops a new feature on their brain chip that will enable humans to go forth and choose the mood by balancing off a person's hormone levels.

The secret project mentioned byMuskteased an update that will provide new feats for the company. He stated that an event on August 28, 2020, will thoroughly explain what the Tech CEO pertains.

The American Tech Company founded by Musk, Neuralink, is working on their current project, the brain-implanted chip, that is capable of controlling a human's emotion and mood by emitting waves that are beyond the usual or natural frequency and amplitude.

Neuralink pushes through updating the software of the project, as well as the chip and other hardware of the project. The Electronics reports that this software update aims to make the project more potent by programming its algorithms to learn more and improve the overall system. The Neuralink ASIC neural processor is upgraded as well, together with the project's proposed threads that are going to be used to collect data from the brain.

The brain chip's function would move forward from its original innovation of helping people with an entirely severed spinal cord to restore mobility and movement. The tech would help in alleviating stress and anxiety by altering and balancing the brain's hormone levels, relieving emotional tension.

ALSO READ:Elon Musk's Mysterious Neuralink Chip Could Make You Hear Things That Were Impossible to Hear Before

Neuralink's promising technology makes use of flexible threads that are believing it to be safe and effective for a brain implant. This technology will cause less of the supposed or expected harm that befalls the implant on a person's brains.

The thread will function as it is named by having a deviceperforming as a "sewing machine"that will then sew threads to the brain chip that can be connected via a USB-C cable to transmit vast loads of data for each person's intended use.

This technology is capable of connecting the human brain to a computer if it emerges successful and able to produce a working prototype. A chunk load of data bandwidth will be available for streaming and use for the human brain.

Musk is also optimistic for the chip to be parring with artificial intelligence as the project progresses. The company's team of scientists and researchers said in a published paper, last year.

ALSO READ:[UPDATE] Teenage Twitter Hacker is Also a 'Minecraft' Scammer, According to Investigation

(Photo : Unsplash)

Apart from the chip's functions that will help in treating paralysis and mobility problems, it would also possess a brain-altering feature that will help in enhancing the human brain.

This technology will help in a person's temperament and emotional levels to handle a surge in stress and emotions. In turn, the person using Neuralink's chip will have more control and have better reasoning skills.

Musk strongly advocates for this project to combat AI as he suspects that the machines would overrun the world in the coming years. Not only does this project work for a person's well-being but doubles as a revolutionary step in enhancing a person's capabilities.

This article is owned by Tech Times

Written by Isaiah Alonzo

2018 TECHTIMES.com All rights reserved. Do not reproduce without permission.

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Teslas Elon Musk talks Rivian lawsuit, Theyre doing bad things, so we sued them – Teslarati

Tesla CEO opened up about his companys recently opened lawsuit against fellow electric carmaker Rivian in a recent interview, stating that the rival carmaker was absolutely poaching employees and stealing secrets.

Musk sat down for the final portion of a three-part interview with Automotive News Jason Stein, who asked the CEO of the largest automaker in the world if Rivian was poaching the companys employees and stealing intellectual property.

Is Rivian poaching your employees as you have alleged in a lawsuit, Stein asked Musk.

Yeah, absolutely. Of course, Musk quickly answered. I mean its not like a massive percentage, but theyve definitely taken a bunch of Teslas intellectual property.

Tesla opened a lawsuit against Rivian in late July, stating that an alarming pattern of poaching employees and thriving secrets had occurred. The lawsuit claims that former employees of Tesla took highly sensitive information with them after they left the electric automaker to work for Rivian.

A complaint filed by Tesla stated, Misappropriating Teslas competitively useful confidential information when leaving Tesla for a new employer is obviously wrong and risky.

Musk says that the former Tesla employees stole information through thumb drives and personal computers and took the highly sensitive documents to Rivian. Its not cool to steal our IP, and for people to violate their confidentiality agreementsthat kind of thing, Musk said. Theyre doing bad things, so we sued them.

Interestingly enough, investigators have questioned several employees that left Tesla for Rivian, and at least one of them has admitted to taking company secrets when changing employers.

The complaint from Tesla states that Tami Pascale, a former Senior Staffing Manager for Tesla, took at least ten confidential and proprietary documents from Teslas network, which would allow Rivian to poach Teslas highest-performing talent and promising employment prospects.

Additionally, Pascale admitted to investigators that she confessed to taking confidential and sensitive information about Teslas prospective employees. She lied about having Tesla documents on a company laptop. When investigators confronted her with specific documents she had taken, Pascale finally confessed to taking the confidential and proprietary documents, the complaint says.

Tesla has been pretty open with its information in the past. Musk has stated on numerous occasions that the companys patents are open and free to use, especially if it will increase the push toward sustainable transport. However, poaching Teslas possible employees and developmental talent is not apart of the deal, which is why the company decided to take Rivian to court.

Musk has been open and honest about helping other manufacturers obtain battery and EV tech if they are willing to push toward an electric fleet. In a Tweet from late July, Musk said, Tesla is open to licensing software and supplying powertrains & batteries. Were just trying to accelerate sustainable energy, not crush competitors!

The full complaint in Teslas lawsuit against Rivian is available below.

Tesla lawsuit vs. Rivian 20CV368472 by Joey Klender on Scribd

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Teslas Elon Musk talks Rivian lawsuit, Theyre doing bad things, so we sued them - Teslarati

Egypt invites Elon Musk to visit after Tesla and SpaceX CEO tweets ‘aliens built the pyramids obv’ – USA TODAY

Two NASA astronauts returned to Earth on Sunday in a dramatic, retro-style splashdown, their capsule parachuting into the Gulf of Mexico. This was the first splashdown by U.S. astronauts in 45 years. (August 2) AP Domestic

A couple days before theSpaceX Crew Dragon capsule splashed down Sunday, SpaceX and Tesla CEO Elon Musk was tweeting about extraterrestrial life.

Early Friday, he tweeted,"Aliens built the pyramids obv," which was liked nearly 540,000 times and retweeted more than 85,000 times as of Sunday afternoon.

It's not clear if Musk was serious, but his tweet got him an invitation to Egypt.

"I follow your work with a lot of admiration. I invite you & Space X to explore the writings about how the pyramids were built and also to check out the tombs of the pyramid builders," Rania A. Al Mashat, Egypt's minister of international cooperation,tweeted Saturday. "Mr. Musk, we are waiting for you."

6 keys to Tesla's future: Elon Musk's electric car maker beats existential threats

Historic splashdown: NASA astronauts splash down near Florida in a SpaceX Crew Dragon

Musk tweeted follow-up messages after his initial tweet.

"The Great Pyramid was the tallest structure made by humans for 3800 years. Three thousand, eight hundred years," he tweeted, sharing a Wikipedia link about the Great Pyramid of Giza.

He also shared a BBC article, which he said "provides a sensible summary for how it was done."

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On Sunday, closing out an unprecedented test flight by Musk's SpaceX company, two NASA astronauts returned to Earthin a dramatic, retro-style splashdown, their capsule parachuting into the Gulf of Mexico.

It was the first splashdown by U.S. astronauts in 45 years, and thefirst commercially built and operated spacecraft to carry people to and from orbit. The return clears the way for another SpaceX crew launch as early as next month and possible tourist flights next year.

Contributing: Associated Press

Follow USA TODAY reporter Kelly Tyko on Twitter:@KellyTyko

A capsule carrying two NASA astronauts parachuted into the Gulf of Mexico to complete a test flight by Elon Musk's SpaceX company. USA TODAY

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Three people charged in Twitter hack which targeted accounts of Obama, Elon Musk – Hindustan Times Auto News

Three people were charged on Friday (local time) for their alleged involvement in a massive hack on Twitter earlier this month which saw accounts of several prominent personalities getting hacked.

The individuals included Mason Sheppard, a 19-year-old from the United Kingdom who went by the moniker "Chaewon" online, Nima Fazeli, a 22-year-old from Orlando, Florida who went by the alias "Rolex," as well as a minor, CNN reported citing a statement from United States Attorney David Anderson.

(Also Read: Tesla on hiring spree as Elon Musk suggests plans of increasing headcount)

The minor, 17-year-old Graham Ivan Clark, was arrested on Friday morning in Tampa after an investigation conducted by federal and state investigators. As per the report, the statement alleged Clark was the "mastermind".

Meanwhile, the FBI said two people charged in the attack have been taken into custody.

Twitter on Friday said the hackers behind the attack on accounts of public figures used telephone phishing to break into the system.

"The social engineering that occurred on July 15, 2020, targeted a small number of employees through a phone spear-phishing attack," the social media company said on its blog.

(Also Read: What coronavirus: Elon Musk says demand for Tesla stayed strong despite pandemic)

Earlier, Twitter announced the strengthening of security measures during the investigation of the hacker attack, significantly restricting access to its internal systems.

Among the victims of the hack were former US Vice-President Joe Biden, Former President Barack Obama, Tesla and SpaceX founder Elon Musk, billionaires Bill Gates, Michael Bloomberg and Warren Buffett, Amazon CEO Jeff Bezos, rapper Kanye West, many others. The hackers used the account to call on followers to send money to a bitcoin account.

This story has been published from a wire agency feed without modifications to the text.

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Three people charged in Twitter hack which targeted accounts of Obama, Elon Musk - Hindustan Times Auto News

Jeff Bezos, Elon Musk rivalry: A history of their 15-year feud – Business Insider – Business Insider

Over the last 15 years, two of the world's most high-profile CEOs, Elon Musk and Jeff Bezos, have been engaged in a simmering rivalry.

The two execs have sparred over their respective space ambitions Musk runs SpaceX, while Bezos owns Blue Origin but it hasn't stopped there: Musk has called out Bezos for running what he deemed a monopoly, and has called Bezos a copycat for his self-driving car interests.

Musk and Bezos are two of the most powerful CEOs in the world. Bezos is currently the wealthiest living person and runs Amazon's sprawling empire while also involving himself in Blue Origin's quest to send people to the moon. Musk is a dual CEO, manning the ship at both Tesla and SpaceX. Over the years, their not-so-subtle rivalry has even given way to Twitter spats and name-calling.

Here's how Musk's and Bezos' rivalry began and everything that's happened since.

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Jeff Bezos, Elon Musk rivalry: A history of their 15-year feud - Business Insider - Business Insider

Elon Musk and the pyramids of the mind – Vanguard

By Owei Lakemfa

ELON Reeve Musk, 49, citizen of South Africa, Canada and the United States with a 2020 net worth of $70.6 billion is one of the richest persons in the world. In fact, he can literarily buy a country or two. He co-founded the electronic-payment firm PayPal which he sold, making a handsome $180 million, post-tax.

Musk is a leader in the race to universalise the electric car through Tesla in which he invested $70 million from his PayPal deal.

He also dreams to make space travel as easy as normal air travel. For this, he established a rocket company, SpaceX which designs, manufactures and launches rockets and spacecraft.

Its flagship spacecraft The Dragon which is capable of carrying seven passengers was due back on earth on Sunday, August 2 from a two-month trip to International Space Station carrying NASA astronauts Bob Behnken and Doug Hurley.

So, by any standard, Musk is a successful man and should be contented. He must have been quite excited about the Dragons planned return which is just a step towards his bigger dream of landing humans in Mars.

There are those who believe that aliens occupy one or more planets and that they visit the earth in spacecraft and sometimes abduct humans. There was panic in America in 1938 when 23-year-old Orson Wells during a broadcast on radio production, proclaimed:

The Martians (Aliens from Mars) are coming. It fooled many Americans into believing aliens were invading the earth. There was widespread panic.

Believing in the existence of aliens, Musk on Friday, August 31, tweeted: Aliens built the pyramids obv (obviously). He was implying that the pyramids in Africa, some over 4,600 years old, could not have been built by humans. He was suggesting that Africans could not have had the knowledge, intelligence and skills to build such enduring architectural wonders.

To admit that Africans built the pyramids, would have meant the claim of superiority over the Blackman is just crap. That would be too much for a Musk born into Apartheid South Africa, raised in a Whites-only suburb of Pretoria and attending the Pretoria Boys High School, a Whites-only racist school.

His mother, Maye, a South African television personality was Canadian, while his father, Errol Musk was an Afrikaans engineer who during Apartheid, shot dead three persons and got away with it, claiming it was in self-defence.

In an interview in the November 2017 edition of the Rolling Stone Magazine, titled: Elon Musk: The Architect of Tomorrow he said of his father: He was such a terrible human being. You have no ideaMy dad will have a carefully thought-out plan of evil. He will plan evil.

He was such a terrible human being You have no idea about how bad. Almost every crime you can possibly think of, he has done. Almost every evil thing you could possibly think of, he has done.

The Senior Musk writing in defence of himself said: Ive been accused of being a Gay, a Misogynist, a Paedophile, a Traitor, a Rat, a Shit (quite often), a Bastard (by many women whose attentions I did not return) and much more.

My own (wonderful) mother told me I am ruthless and should learn to be more humane; (but) I love my children and would readily do whatever for them.

But Musk disagrees with his fathers claims. He said even after he assisted his father financially, things did not change: Ive tried everything. I tried threats, rewards, intellectual arguments, emotional arguments, everything to try to change my father for the better, and he no way, it just got worse.

Musk believes that a human beings personality might be 80 per cent nature and 20 per cent nurture. It is unclear what percentage of his fathers gene he has acquired. For example, he said:

Im naturally good at engineering, thats because I inherited it from my father. But as evident from his views of his father, he has tried to fight off the negative aspects of his fathers personality.

Musk suffers from autophobia or monophobia: fear of being lonely or alone even in a secured environment. This may be due to his childhood experience when he was left most of the time with an inattentive nanny. He also had a bad time in school: The gangs at school would hunt me down literally hunt me down!

Musks claims about aliens building the pyramids are conditioned not by his knowledge but his background that makes it difficult to accept the reality that Africa led the world in knowledge production, and is the foundation of modern civilisation.

There are verifiable archaeological findings on the lives of the pyramid builders, including their homes, family life, tools and tombs where they were buried. In some of the pyramids are paintings of the builders at work. The imaginary aliens Musk tweeted about cannot leave such human trail.

Musk must have been challenged by the marvel that the pyramids are such as the Great Pyramid of Giza in Egypt which stands at over 450ft (137m). For thousands of years, the over 100 pyramids in Egypt and 123 in Sudan, were the tallest structures in the world.

Going by Musks claim and since the pyramids were the tombs of the Black Pharaohs and their families, why would aliens come down periodically to build tombs for them?

Is it to suggest that the so-called aliens were servants of the African kings who obeyed summons to fly to earth and build the pyramids? Does that suggest that Africans were a super-race who controlled aliens? Do all these make sense even to the unintelligent?

The pyramids are an extraordinary human heritage which bear eloquent testimony to human knowledge and skill. So, to ascribe their construction to aliens is to do injury to human history.

Why would a Musk who said: I was raised by books. Books, and then my parents, not read up on the pyramids before tweeting on them? It is a wonder that Musk who reads and thinks about space would not educate himself about the earthly pyramids;

one of the seven wonders of the world that shows the vastness of human knowledge and how the ancients pushed science to the limits just as he is trying to do with space travel.

Musk has built monumental structures or pyramids in his mind, choosing variously to stand at the pyramidal top when he wants to view the world, or in-between the pyramids when he chooses to limit his vision.

Sometimes, the behaviour and utterances of Musk give the impression that you do not need to be intelligent to be a billionaire. That in some cases, like that of Donald Trump, means you actually require a load of stupidity to be a billionaire.

VANGUARD

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Elon Musk claims Neuralink brain chip will allow people to hear sounds impossible to humans – Zee News

San Francisco: Tesla and SpaceX founder, Elon Musk has claimed that his new pet project Neuralink chip will allow users to hear sounds that previously were impossible to human ears.

Founded, in 2016, Musk has has only held one major public presentation for Neuralink. However, more details about Neuralink will be presented at an event on August 28, Musk had previously said.

The main aim of the project is to provide a direct connection between a brain and a computer to overcome the power of artificial intelligence (AI), using a "sewing machine-like" device to stitch threads to an implanted brain chip.

Musk recently said that Neuralink's brain chip technology would allow people to stream music into their brains effortlessly. Musk confirmed the feature last month over an exchange with a Twitter user who asked: "If we implement Neuralink - can we listen to music directly from our chips? Great feature." Musk replied with a simple, "yes".

He has also confirmed that the chip would be able to control hormone levels, which would have the potential to help with anxiety relief, among other things.

Musk has often criticized the over-reliance on AI and the potential danger it poses. He recently claimed that AI will be 'vastly smarter' than any human and would overtake us by 2025.

Tesla and SpaceX CEO Elon Musk in July had announced that its most secretive brain-computer interface technology startup Neuralink will provide a key update on its progress on August 28.

"If you can't beat em, join em Neuralink's mission statement," Musk tweeted on Thursday without divulging much details. "Progress update August 28, " he added.

To help paralysed people control devices and empower people with brain disorders, Neuralink last year unveiled tiny brain "threads" in a chip which is long lasting, usable at home and has the potential to replace cumbersome devices currently used as brain-machine interfaces.

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Elon Musk claims his mysterious brain chip will allow people to hear previously impossible sounds – The Independent

Elon Musk has revealed more details about his mysterious brain-computer interface startup, claiming it will allow people to hear sounds that were previously beyond their range.

Neuralink's brain chip technology could also help restore movement to someone with a fully severed spinal cord, according to Musk.

The SpaceX and Tesla boss founded Neuralink in 2016 but has only held one major public presentation about how its technology will actually work.

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The ultimate aim is to provide a direct connection between a brain and a computer, using a "sewing machine-like" device to stitch threads to an implanted brain chip.

A research paper published last year in conjunction with the event explained how these threads would connect to a single USB-C cable to provide "full-bandwidth data streaming" to the brain.

In a series of tweets on Thursday, Musk said the technology "could also extend range of hearing beyond normal frequencies and amplitudes."

More details about Neuralink will be presented at an event on 28 August, though Musk has been drip-feeding information about the device's capabilities over Twitter.

Earlier this month, he said that wearers would be able to stream music directly to their brain, as well as use them to regulate hormone levels and deliver "enhanced abilities" like greater reasoning and relief from anxiety.

A robot designed by Neuralink would insert the 'threads' into the brain using a needle

Neuralink

A fully implantable neural interface connects to the brain through tiny threads

Neuralink

Trials of Neuralink's fully implantable neural interface system will begin in 2021

Neuralink

Neuralink says learning to use the device is 'like learning to touch type or play the piano'

Neuralink

A robot designed by Neuralink would insert the 'threads' into the brain using a needle

Neuralink

A fully implantable neural interface connects to the brain through tiny threads

Neuralink

Trials of Neuralink's fully implantable neural interface system will begin in 2021

Neuralink

Neuralink says learning to use the device is 'like learning to touch type or play the piano'

Neuralink

First iterations of Neuralink's device could be used to assist people suffering from neurological disorders and brain diseases like Parkinson's, though ultimately Musk hopes the technology will allow people to compete with artificial intelligence.

The billionaire entrepreneur has frequently warned about the dangers of advanced AI, claiming that it poses one of the greatest existential threats to humanity.

Musk reiterated his fears earlier this week, warning that humans risk being overtaken by AI within the next five years.

"My assessment about why AI is overlooked by very smart people is that very smart people do not think a computer can ever be as smart as they are," he said.

"And this is hubris and obviously false. We are headed toward a situation where AI is vastly smarter than humans and I think that time frame is less than five years from now. But that doesn't mean that everything goes to hell ion five years. It just means that things get unstable and weird."

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Elon Musk claims his mysterious brain chip will allow people to hear previously impossible sounds - The Independent