Elon Musk faces lawsuit for backing out of $44 billion Twitter takeover

Twitter Takeover - Lawsuit

The Tesla and SpaceX founder cited issues with fake accounts as his reason for withdrawing. Elon Musk recently announced that he was abandoning his intentions for a Twitter takeover, claiming that the social media platform was in violation of the agreement they had made. On Tuesday, the social media company filed a court order in Delaware to require the completion of the deal. Twitter Inc. has sued Elon Musk for being in violation of the $44 billion Twitter takeover deal. The lawsuit included a request that a Delaware court order…

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Starlink satellite internet achieves important 400,000 subscriber milestone

Satellite Internet - Milestone

The SpaceX company shared with the FCC the new number, which is up from 250,000 in March. SpaceX, the Elon Musk space company, shared with federal regulators in a recent presentation that its Starlink satellite internet service now has more than 400,000 subscribers worldwide. This new subscriber data shows that the company is experiencing substantial and rapid growth. The company has been taking in a rising number of subscribers for its satellite internet service, which first launched in October 2020. In just March, Starlink had announced that it had about…

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Twitter and Elon Musk agree to $1B fee for breaking social media platform deal

Social media platform - Twitter

A regulatory filing was found to include an agreement to pay the fee if the deal should fall apart. Both Twitter and Elon Musk have each agreed that they will pay the other side $1 billion if they should become the reason that the social media platform deal should fall apart. This was a component of a regulatory filing for the $44 billion takeover deal of the company. The $1 billion termination fee is a common component of sizeable takeovers like the one proposed for the social media platform. This…

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Could Tesla become an artificial intelligence robotics company?

Artificial intelligence - Tesla logo

CEO Elon Musk recently announced that the company is reaching far beyond electric cars. Tesla CEO Elon Musk recently pointed out that the company had been dabbling in artificial intelligence as its AI teams develop powerful software and hardware for self-driving vehicles. As a result, the company is taking directions well beyond electric cars and could steer itself toward AI robotics as well. Since Musk spoke to analysts at the Tesla financial status call for Q1 2021, speculations have abounded. “We appear to be able to do things with self-driving…

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Elon Musk wants to ‘solve” autism with AI brain chips

AI Brain Chips - brain - computer

The Tesla and SpaceX CEO feels he can use this technology for schizophrenia and autism. Elon Musk, CEO of Tesla and SpaceX, recently spoke on the “Artificial Intelligence” podcast, discussing his intentions to “solve” autism and schizophrenia through the use of AI brain chips. Musk spoke with Lex Fridman about Musk’s Neuralink neural-technology company. According to Musk, his hope is to be able to imbed AI brain chips into human brains in order to correct the core issues that lead to those mental health conditions. Musk stated that he believes…

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