Archive for the ‘Elon Musk’ Category

Elon Musk announces birth of 12th child, third with Neuralink executive – National | Globalnews.ca – Global News

Elon Musk is still doing his part, in his own words, to help the underpopulation crisis.

The Tesla CEO on Sunday confirmed hes fathered his 12th child his third with, Shivon Zilis, director of special projects at Neuralink Corp.

Musk, 52, and Zilis, 38, welcomed their baby earlier this year.

In a statement to Page Six, Musk confirmed the childs birth, but denied rumours that he fathered the baby in secret.

As for secretly fathered, that is also false, he told the tabloid. All our friends and family know. Failure to issue a press release, which would be bizarre, does not mean secret.

Musk did not reveal the name or sex of his latest child.

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Zilis, who is Canadian, already has twins with Musk. The twins, named Strider and Azure, were born in November 2021.

Musk owns Neuralink, a brain computer interface (BCI) company that this year said it implanted a computer chip into the brain of a paralyzed man.

The billionaire has children with two other women.

Musk has had six children with Canadian author Justine Wilson, to whom he was married from 2000 to 2008. Musks first child, Nevada, died of Sudden Infant Death Syndrome (SIDS) in 2002 when he was only 10 weeks old.

Musk and Wilson also have twins, named Griffin and Vivian, born in 2004. Two years later, the couple had triplets, Kai, Saxon and Damian.

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In 2020, Canadian musician Grimes gave birth to her first child with Musk, son X A-12. The next year, the former couple welcomed daughter Exa Dark Siderl (also called Y), and later Techno Mechanicus in 2023.

Grimes sued Musk last year over parental rights, claiming he hasnt let her see one of their two sons. The custody battle is ongoing.

Musk has long since expressed his concern over global fertility rates, and in 2022 tweeted that a collapsing birth rate is the biggest danger civilization faces.

Doing my best to help the underpopulation crisis, Musk wrote.

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The worlds population, which currently sits around eight billion, is not declining. This number is expected to grow to 10 billion by the year 2100.

However, the overall rate of global population growth is indeed slowing. Birth rates in many developed countries, including Canada, have declined.

Musk told Page Six, many countries are already well below replacement rate, and the trend is that almost all will be.

This is simply a fact, not a debunked theory,' he said, adding that 2.1 kids is replacement rate, and obviously the world as a whole will soon drop below that point.

Birth rates in many developed countries have declined near to or below the 2.1 replacement rate. There are many proposed reasons for the drop, including a lack of affordable housing, financial insecurity and increased acceptance of not having children.

This decline, according to the Organisation for Economic Co-operation and Development (OECD), can significantly impact a nations economic growth and prosperity.

In January, the Canadian fertility rate hit its lowest level since Statistics Canada began collecting data more than a century ago. The birth ratefell to 1.33 children per woman in 2022, well below the replacement level of around 2.1.

Musk is the richest man alive, according to Forbes, with a net worth of US$213 billion.

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0:35 Neuralink implants brain chip in 1st human, Elon Musk says

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Elon Musk announces birth of 12th child, third with Neuralink executive - National | Globalnews.ca - Global News

Elon Musk’s X will soon remove public likes – Mashable

X, the platform formerly known as Twitter, is preparing for yet another change under its owner Elon Musk that seemingly no user has asked for.

According to X's Director of Engineering Haofei Wang, Musk's social media platform is preparing to remove public "likes" from users' profile page. This means that X users will no longer be able to browse what posts other users have liked.

"Yeah, we are making likes private," Wang said on X in response to a post by MacRumors researcher Aaron Perris.

Perris shared a post on Tuesday concerning a new flag he discovered in the X app for iOS, which completely turned off the likes tab on every X users' public profile when turned on.

As X users speculated on the platform about what this discovery could mean, X's Director of Engineering decided to weigh in.

"Public likes are incentivizing the wrong behavior," Wang wrote. "For example, many people feel discouraged from liking content that might be 'edgy' in fear of retaliation from trolls, or to protect their public image."

"Soon youll be able to like without worrying who might see it," he continued, while also adding that the more posts users like, the better the For You algorithm will get at recommending content.

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Wang's announcement about the removal of public likes on X left more questions than answers. X Senior Software Engineer Enrique Barragan stepped in with a post of his own in order to try and clear up exactly what is happening to likes.

According to Barragan, once all likes on X go private, users will still be able to see who liked their own posts. Also, and perhaps most important to X users, the like count or number of likes on posts and replies will still be public for all.

Basically, the change is that users won't be able to see who liked other users' posts, and there will no longer be a tab on a users' profile showcasing all the posts that user has liked.

Typically, Mashable doesn't cover every change or new feature headed to X until it's actually rolled out. X owner Elon Musk has a habit of talking about things he'd like to do but not delivering. Musk's changes to X that do end up rolling out often end with Musk backtracking and re-implementing the previous way X worked.

However, this change to X is being discussed by its director of engineering after code was discovered showing that they are ready to launch it. It's very likely that public likes will actually be removed from X soon (There's always the possibility of an eventual backtrack from Musk after the fact, of course.)

X already allowed paying X Premium subscribers to hide their likes tab on their profile. But, now it appears the platform is removing any option to share your likes to the public.

By leaving the like count, but taking away the public display of that count, it's unlikely that X is implementing this change due to studies suggesting that mental health issues are associated with social media engagement numbers. The point of removing public accounts is exactly what Wang said in his post: To remove any potential consequences for the user based on "edgy" posts they like.

Musk himself, knows about blowback from liking "edgy" posts as he's hit the like button for a number of posts by far right accounts over the past few years, and then received criticism. Now, once the change is implemented, Musk and others who like similar content will be able to do so without the public's knowledge.

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Elon Musk's X will soon remove public likes - Mashable

Elon Musk confirms his threat: give me 25% of Tesla or you don’t get AI and robotics – Electrek.co

Elon Musk appears to confirmed and even clarify what can be seen as a threat to Tesla shareholders: give me 25% of the company or I wont build AI and robotic products at the company, after making clear that the company is worthless without those.

In recent years, Musk has repeatedly stated that Tesla is an AI and robotics company. He has even said that Tesla is worth virtually nothing without self-driving, its main AI product.

More recently, the CEO has not only said that but has also been making moves to ensure that this is the only path for Tesla, like canceling the cheaper Tesla vehicle on the unboxed platform in favor of its upcoming Robotaxi.

Thats why it was really concerning when the CEO suggested that he is uncomfortable building AI products at Tesla unless he has 25% control over the company something he doesnt have right now partly because he decided to sell tens of billions of dollars worth of Tesla shares to buy Twitter.

Musk currently owns about 13% of Teslas shares. If his 2018 compensation package goes through, he will be closer to 18% assuming that he sells some shares to pay for taxes. It means that he would need another compensation package worth tens of billions or a new share class at Tesla to give him more control.

In a new post on X, the CEO now appears to confirm his previous threat and even makes the quiproquo clearer by approving this message:

If Elon gets 25% voting power, Tesla is reincorporated in Texas, and compensation package is approved, then AI & Robotics stays within Tesla and the company can march on forward to become the largest company in the world.

By approving of this post, the CEO appears to say that these conditions are needed for him not to divert AI and robotics products away from Tesla:

This is bizarre. The CEO of a major public company is publicly threatening to move products he himself claims are critical to Teslas success if he doesnt a greater percentage of the company.

I can say move here because Elon agreed with this idiotic comment that mentions AI and robotics staying within Tesla. This is a clearer threat than what he previously made, which was about being uncomfortable building AI products at Tesla.

Wild. I dont even know how he could legally do that, but as CEO, he could do a lot of damage if he wanted to.

The guy would already have about 25% of the company with his 2018 compensation package and if he didnt sell stocks to buy Twitter. You cant have your cake and eat it too.

Speaking of the 2018 compensation package, the reason it was rescinded was because a judge found that Elon had too much undue influence on the board. The board is now proving the judges point, as they are not doing anything about the CEO making this threat. Its ridiculous.

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Elon Musk confirms his threat: give me 25% of Tesla or you don't get AI and robotics - Electrek.co

Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’ – Fortune

Tesla investors are lobbying to shoot down the largest moonshot compensation plan in history.

A group including the New York City pension funds filed a notice on Monday urging others to vote against Tesla CEO Elon Musks $46 billion stock-option package at the companys shareholder meeting on June 13. New York City Comptroller Brad Lander, who serves as investment advisor to the citys funds with $260 billion in assets, is marshaling the charge.

According to the letter he signed, the Tesla board is overly beholden to Musk and hasnt bothered to step in when Musk ignores Tesla to focus on his roles at the Boring Company, Neuralink, SpaceX, X, and other companies. The investors complained about Musk splitting his time between the companies by focusing on one company per day. The board has yet to ensure that Tesla has a full-time CEO, investors said.

Meanwhile, hes siphoning key talent away from Tesla. More recently, Musk has begun poaching top engineers from Teslas AI and autonomy team for his new company, xAI, including Ethan Knight, who was computer vision chief at Tesla, the investor letter said.

The notice has the makings of a showdown next month between some of Teslas pension fund investors, who believe theyre overpaying for a part-time CEO, and the EV makers base of individual retail investors who see Musk as a visionary leader who must remain at Tesla at all costs. At stake is a shareholder vote to ratify Musks pay plan, now valued at about $46 billion, after it was rescinded by a judge in January. Tesla proposed the pay plan a second time in the spring, and has thrown its support behind the proposal.

Musk has rallied the retail base of support with tweets thanking them for voting and Teslas own ads promoting a vote in favor of Musks pay plan. Since April 29, Tesla has notified investors 11 separate times that Musk has tweeted about the meeting or that it has updated its website devoted to the vote, titled Protecting Your Investment and Teslas Future.

According to the dissident investors, which include Amalgamated Bank, AkademikerPension, and SOC Investment Group, Musk represents a key risk to stock values because he has pledged a portion of his 20% stake in Tesla as collateral for loans. If Musk were ever forced to sell his pledged stock, it could lead to a massive drop in stock price to the detriment of shareholders, the investor letter said.

Plus, the hands-off nature of the board means Musk treats Tesla as a coffer for himself and his other businesses, the investors argue. Musk has admitted to using Tesla engineers to work on issues at X, formerly Twitter, and defended himself by saying that no Tesla board member had stopped him from using Tesla staff for his other businesses, according to the letter. Those distractions have played a material role in Teslas underperformance relative to the S&P 500, General Motors, and Ford, investors said.

The Tesla board begs to differ, however. The website Tesla set up to support its pay-ratification vote features voting instructions and other information about the shareholder meeting, including a video with independent board chair Robyn Denholm. In it, Denholm said Musks comp plan was set up a decade ago with targets so far-fetched, so extraordinarily ambitious that skeptics called them laughingly impossible.

If he failed, Elon was entitled to receive no salary, no cash bonuses, and no equity, said Denholm. But if Elon was able to make it happen, you and all other stockholders would reap the benefits. The award worked. In half the time, Musk grew revenues from $11.8 billion to $96.8 billion, and turned profitability from $2.2 billion in the red to a $15 billion profit, Denholm said.

Indeed, one of the key reasons the vote to ratify Musks moonshot pay plan succeeded in 2018 was because the stakes were markedly different from other CEOs. The Tesla board was prepared to pay Musk $0 if he didnt hit the targets, rather than applying what is known as so-called board discretion, where corporate directors still pay CEOs who have failed to hit financial markers.

Oftentimes, boards tell investors they dont want to hold CEOs or executives responsible for economic headwinds or other factors out of their control that contributed to them missing stated financial targets or goals. Although, boards must balance the need for discretion with the need to keep executives and CEOs in their roles. Only in an extreme case would a CEO take home no pay for a long-term awardin addition to no salary, cash bonus or time-based stockbecause the risk of losing the executive and destabilizing the company would be too high.

What makes Musks pay plan complicated is that investors likely see troubles ahead for Tesla, while the board appears to be focused on paying Musk for the targets he achieved in the past. Further, the magnitude of his pay and the fact that Teslas performance has struggled this year has added to the complexity. The company announced it would lay off 10% of its staff and even slashed its summer internship program, all while the company is devoting resources to reinstating Musks moonshot. Musk himself famously ignores the norms most publicly traded company CEOs abide by and appears to actand tweetimpulsively and without conferring with the independent directors on the board, which does little to reassure investors.

In addition to ratifying his pay plan, Tesla is seeking investor approval to move from being incorporated in Delaware to Texas, a change that seems motivated by the Delaware judges ruling on Musks pay. According to the voting website: The Delaware Court has shown that it will ignore the will of our stockholders. We believe in stockholder rights. We believe Texas Courts will respect those rights.

In addition to rallying other investors to vote down Musks pay, the dissident group is asking shareholders to withhold support from Musks brother, Kimbal Musk, and former 21st Century Fox CEO James Murdoch. Kimbal has served on the board for 20 years, and Murdoch is Musks friend. Neither is truly independent, the investors said.

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Investors clash over Elon Musk's $46 billion pay package: 'The board has yet to ensure that Tesla has a full-time CEO' - Fortune

Inside the Life of Nicole Shanahan, RFK Jr.s Running Mate – The New York Times

When Robert F. Kennedy Jr. was considering potential running mates for his presidential run, his shortlist was initially topped by two well-known men with unusual rsums: Aaron Rodgers, the N.F.L. quarterback and frequent purveyor of conspiracy theories, and Jesse Ventura, the former governor of Minnesota and professional wrestler known as The Body.

Instead, Mr. Kennedy made a surprise pick a woman and a little-known figure with an unusual background: Nicole Shanahan.

Ms. Shanahan, 38, a onetime Silicon Valley lawyer, has never held public office and has scant name recognition. But she was selected after Mr. Rodgers and Mr. Ventura fell through as vice-presidential candidates and Mr. Kennedys campaign needed money to fund its efforts to get onto state ballots, three people familiar with the events said. And money was something that Ms. Shanahan could provide in abundance.

Ms. Shanahan has a fortune of more than $1 billion that stems largely from her divorce settlement last year with Sergey Brin, a founder of Google, whose net worth exceeds $145 billion, three people with knowledge of her finances said. During their five-year marriage, Ms. Shanahan partied with Silicon Valleys elite and used recreational drugs including cocaine, ketamine and psychedelic mushrooms, according to eight people and documents reviewed by The New York Times. Ms. Shanahan and Mr. Brin separated after she had a sexual encounter with Elon Musk in 2021, three of the people said.

The incidents were part of a rarefied and sometimes turbulent life that Ms. Shanahan led in the nations tech capital before her turn to politics, according to interviews with more than 20 people who know her or were briefed on her actions, as well as property records, court documents, tax records, emails and other messages reviewed by The Times. Many of the details of her life, including those of her divorce settlement, have not been reported.

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Inside the Life of Nicole Shanahan, RFK Jr.s Running Mate - The New York Times