Read more: The world's top investment firms pay Rob Arnott for advice. Indeed, Musk noted on Thursday that the decision to build "Optimus" was not prompted by specific manufacturing needs, but instead because Tesla now has the capability to do so. ", "While we appreciate Musk's longer term technology vision," Ives wrote, "A Tesla Bot is not what investors want to see.". 8. Also make sure to press the bell icon to get a notification when new videos are uploaded! According to Musk, the prototype will be completed sometime in 2022, though the billionaire entrepreneur is known for blowing past his own publicly stated deadlines on large, flashy projects. Musk recommended investors brace for hard times ahead by setting aside some cash, and making prudent bets without using borrowed money. T-Mobile: 605-781-4582 China slowdown is an added problem.". Hes wrong. Tesla has four car factories in California, Texas, China and Germany that its said have the capacity to make more than 1.9 million vehicles a year. Become a MUSK FAN \u0026 get access to perks: https://www.youtube.com/channel/UCXAWX5r69jcqPTNAhXCSA7Q/join Elon Musk gives his final warning about Artificial Intelligence, also known as AI. Elon Musk has predicted a US economic downturn that will last up to 18 months, and recommended investors ride it out by conserving cash, avoiding debt, and taking fewer risks. How his robot will face regulation remains unclear, but one thing is certain: Musk insists it will be amiable. The post earned over 92,000 'likes' and references the USA's Inflation Reduction Act of 2022 legislation, which was signed into law . Recently, Musk has been teasing a dedicated robotaxi, casting doubt on whether models already on the road will ever be able to autonomously pick up passengers and earn their owners $30,000 a year, as he claimed back in 2019. For years, Tesla CEO Elon Musk warned people about the dangers of AI-powered robots, even predicting "scary outcomes" like in "The Terminator." Baron Capital. Nouriel Roubini, NYU Stern economist known as "Dr. Doom": "History suggests it's going to be near mission impossible to avoid a hard landing. All rights reserved. Musk has just warned the Ukrainians to prepare for a "major Russian offensive." The CEO does not say whether he has exclusive information that leads him to issue this dire warning. According to the report, Musk who recently regained his title as the worlds richest man is hoping to recruit a number of top AI researchers, including Igor Babuschkin, who worked at the DeepMind AI unit for Google parent company Alphabet. There are things that we can do to limit their ability to do that. The warning, at least the second made by Musk this month, is ironic given the billionaire has previously pledged his Tesla shares. I think we can do that. The Chinese Communist Party called out Twitter owner Elon Musk on Tuesday for pushing the hypothesis that the COVID-19 pandemic was triggered by the virus escaping from a research lab in Wuhan. Last spring, he softened his tone during Tesla's first-quarter earnings call, noting that "punctuality is not my strong suit.". January 5, 2022 in News, Video by RBN Staff Elon Musk gives his final warning about Artificial Intelligence, also known as AI. Offers may be subject to change without notice. The electric vehicle company will develop a humanoid robot prototype dubbed the "Tesla Bot," Musk announced at Tesla's Artificial Intelligence (AI) Day on Thursday. Follow Outcast Motivation below:YouTube: https://bit.ly/3tLkE97Instagram: https://www.instagram.com/outcastmotivation/?hl=enOur goal and purpose with this motivational channel is to produce the best motivational videos and speeches that inspire millions of people to achieve success in life. If you are or represent the copyright owner of materials used in this video and have a problem with the use of some of these materials, please contact me via my email on the \"About\" page on my channel, I am sure we will sort it out.Copyright Elon Musk Zone 2021#ElonMusk #Musk #Elon #Tesla #SpaceX #Neuralink #Technology #Cars #Space #SpaceTravel #TheBoringCompany #OpenAI #SolarCityMB01BBH8GJL2T0B In this eye-opening and educational video, Elon Musk an entrepreneur and business magnate gives his final warning about the rise of Artificial Intelligence (A.I.) Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Subbarao Kambhampati, who teaches computer science at Arizona State University, also described Musk's statements as alarmist. This includes Artgrid, Storyblocks, FilmPac, and other stock footage websites. SpaceX owner and Tesla CEO Elon Musk . Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. OpenAI was created as an open source (which is why I named it Open AI), nonprofit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft, he replied. "I like to just keep an eye on what's going on with artificial intelligence," Musk told CNBC's Closing Bell in 2014, adding: "There have been movies about this, you know, like '[The] Terminator.' Elon Musk recently warned of a recession that could come as soon as spring 2022. Entrepreneur motivation, business motivation, study motivation, motivational stories are just some of the many interesting and fun topics we cover! Monday's lawsuit led by shareholder Thomas Lamontagne seeks unspecified damages for Tesla shareholders from Feb. 19, 2019 to Feb. 17, 2023. The US Justice Department has asked Tesla for documents related to Teslas Autopilot and FSD features, and Bloomberg has reported the Securities and Exchange Commission is investigating his role in shaping the companys self-driving car claims. "I have exposure to the most cutting edge AI, and I think people should be really concerned by it. LISTEN ON YOUR PHONE: Daniel Kline Feb 4, 2022 9:05. For years, Tesla CEO Elon Musk warned people about the dangers of AI-powered robots, even predicting "scary outcomes" like in "The Terminator." Now, he seems to be taking matters into his own. By clicking Sign up, you agree to receive marketing emails from Insider '.Business inquiries?Request my email using the button on our 'About' page!Non-business-related emails will be ignored and you will be blocked.Links included in this description might be affiliate links. ", "Musk's bad feeling is shared by many people. 10. Elon Musk, in his first address to Twitter employees since purchasing the company for $44 billion, said that bankruptcy was a possibility, according to a person familiar with the matter. Musk has been pounding the recession alarm in recent weeks, and warning the Federal Reserve's flurry of interest-rate hikes this year have increased the risk of a serious downturn. AT&T: 605-531-3016 ", "[You can] talk to it and say, 'Please pick up that bolt and attach it to a car with that wrench,' and it should be able to do that," Musk said. the billionaire warned on Oct. 20. Elon Musk defended "Dilbert" creator Scott Adams after hundreds of newspapers stopped printing the comic strip because of Adams' recent racist comments. They're supposed to be the one guy at the party that doesn't hang around the punch bowl getting drunk.". From a cash standpoint, keep powder dry. "If Putin fears . "We're [already] making the pieces that are needed for a useful humanoid robot," said Musk, offering no further explanation for how Tesla will safeguard against his long-held concerns. "And navigate through a world built for humans.". Elon Musk (@elonmusk) December 16, 2022 . My best guess is that we have stormy times for a year to a year and a half, and then dawn breaks roughly in Q2 2024. The email, titled "pause all hiring worldwide", was sent to Tesla executives on Thursday, underscoring an increasingly gloomy global economic outlook with prices soaring and war in Ukraine passing its 100th day. Elon Found His Next Shiny Object. Teslas rollout of that feature which supports drivers who are responsible for operating their car at all times is on pause due to a recall of almost 363,000 vehicles. And I think we do have a recession already. Elon Musk could face activist investors . Carl Icahn, Jamie Dimon, and Ken Griffin have also flagged the risk of a painful economic downturn. "And I think one of the biggest risks to civilization is the low birth rate and the rapidly declining birth rate." Jeff Bezos, Amazon's founder and executive chairman:"The economy does not look great right now. A religious liberty newsletter that is a must-read for people of faith. On Thursday, the changes resulted in multiple major advertisers getting impersonated by accounts with blue check marks, indicating verification. The warning read that Musk could be "breaking the pot of China." How to Get a Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Worlds Rich Take Advantage as $1 Trillion Property Market Craters, Musk Was Right About Tesla Rivals Losing Billions, Lightfoot Is First Chicago Mayor to Lose Reelection in 40 Years. Musk will want to choose his words carefully if he decides to broach this subject at another investor day. These experts have flagged numerous growth headwinds, including the Federal Reserve hiking interest rates to cool red-hot inflation, and the Russia-Ukraine war and China's ongoing lockdowns disrupting global trade. Hope for the best, but prepare for the worst.". The stock took a breather in the hours leading up to the event, slipping 2.5% as of noon New York time. Powered and implemented by Interactive Data Managed Solutions. The European Union has announced plans to launch its own satellite constellation system, similar to Elon Musk's Starlink. European Union lawmakers have wasted no time warning Twitter-owner Elon Musk over "arbitrary suspension of journalists" following reports late yesterday that . Elon Musk clarifies that man-made brainpower and self-governing innovation are improving and better, and he anticipates that they should take over inside the following 10 years. Dec 17, 2022 10:06pm PT Elon Musk Temporarily Suspended Washington Post's Taylor Lorenz for 'Prior Doxxing Action,' but She Denies She Doxxed Anyone Journalist says her account was disabled. In December 2022, Musk lost his spot as the World's Richest Person to LVMH CEO Bernard Arnault took over. Elon Musk Zone 936K subscribers Join Subscribe 196K Share Save 12M views 1 year ago #Neuralink #Cars #OpenAI Watch the secret docu's where Elon Musk uncovers the truth that's hiding. "It also represents a game changer for EU citizens thanks to the development of high-speed broadband removing communication dead zones and strengthening EUs cohesion policy.". Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. CEO Elon Musk, who through his electric vehicle company and other ventures strives for sustainable development, chimed in with his views. Musk set a moonshot goal to sell 20 million EVs a year by the end of the decade, which would require a whole lot more plants. Hope for the best, prepare for the worst. Elon Musk's ambitions for Neuralink raise 'deep, serious' questions (part 1), What's the deal with Elon Musk and the 'Devil's Champion' costume? He advised investors to proceed cautiously, conserve cash, and avoid using borrowed money. All Rights Reserved. Elon Musk forecast a US recession next year that could last until the second quarter of 2024. Sprint & OTHERS: If the entire world becomes like SF, humanity is screwed. Photo: Maja Hitij via Getty Images as well as other partner offers and accept our. ", "And if the shock is temporary, companies will probably have an interest in not losing human capital.". "That is the aspiration: to avoid AI becoming other," he wrote on Twitter. As Elon Musk spends most of the week in the headlines, so pop up Elon Musk-themed scamsand it looks like they may be ramping up. 0. Daniel Ives, a Tesla analyst at Wedbush Securities, called it a "headscratcher" in a post-announcement report on Friday, comparing the announcement to Robotaxis and other "future sci-fi projects. ", Read more: Here's how investors should play it safe for 3-6 months to set themselves up for a decade of strong performance, according to UBS. The chief executive officer has shaken off a forgettable 2022 of slower expansion and Twitter diversion by slashing prices and scheduling another showcase of Teslas outlook for the next few years. SECURE STREAM Earlier Thursday, Twitters chief information security officer, chief privacy officer and chief compliance officerdeparted, raising concerns about the companys ability to keep its platform secure and comply with regulatory rules. As of December 2020, Musk had 92 million Tesla shares. Greg Jensen, co-CIO of Bridgewater Associates: "We are expecting a much bigger recession than the markets are expecting. Elon Musk bans several prominent journalists from Twitter, calling into question his commitment to free speech Vra Jourov, the European Commission's vice president for values and. STREAM RBN *LIVE* Back then, the Tesla chief replaced Amazon founder Jeff Bezos in the top spot, while Arnault was ranked third. Access your favorite topics in a personalized feed while you're on the go. Dont forget to subscribe to our channel: @Inner Vision, Follow us on Facebook: https://www.facebook.com/innermoti/. The Information and Platformer earlier reported Musks bankruptcy statement. Now, he seems to be taking matters into his own hands before humanity is overrun. A week later, he set up a trio of holding companies as part of his bid to acquire Twitter. (Starbase) or Elon Musk - All Movie \u0026 Series Appearances (Elon Musk Cameo Scenes) or Elon Musk: ALIENS ARE OBSERVING US! Elon Musk discusses his look on life and why he figures we could be living in a reenactment, the secret subtleties that show why we're in a recreated reality. Jeff Bezos, Elon Musk, and Ken Griffin have raised the alarm on a potential US recession, joining a chorus of CEOs, investors, and academics predicting a prolonged economic downturn. Chief Financial Officer Zachary Kirkhorn and his . Still, Musk suggested on the podcast that after a largely uninterrupted 14-year expansion, the US economy is "overdue" for a recession. ", "I really advise people to not have margin debt in a volatile stock market," he continued. Carl Icahn, chairman of Icahn Enterprises: "Whenever you have higher interest rates that have moved as they have here, you have an inverted yield curve, Treasuries at close to a 5% yield you are going to have a recession. 1. Almost every investor has been warning of an economic slowdown of some kind, but not many give a time frame as urgent as Elon's latest prediction. Musk joked last week that Tesla specializes in making the impossible merely late.. The company has since changed the equipment in its cars multiple times, requiring retrofits that Musk said would be free, then charged $1,000 to carry out. Ian M. Giatti is a reporter for The Christian Post. Demand picked back up after Tesla discounted models across its lineup by as much as 20%, and the Musk faithful are frenzied about the master plan hell deliver Wednesday at the companys factory in Austin, Texas. Elon Musk spoke at an investment conference Friday morning as employees at Twitter, which he now owns, were receiving notifications that they had been laid off from the company. Elon Musk forecast a US recession next year that could last until the second quarter of 2024. As machine-learning and robotics technology improve, "There will be fewer and fewer jobs that a robot can't do better, he said. Last April, Musk led the Forbes ranking of the world's wealthiest people for the first time, with a fortune of $219 billion. It's very hard for the United States to resist that. Musk is using his 130 million Twitter followers status to come to the rescue of Scott Adams, the Dilbert . Last week, Adams called Black Americans a "hate group" and suggested that White people should "get the hell away" from them. Salesforce is paying Matthew McConaughey reported $10 million a year for creative help despite laying off 8,000 Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. While pledging to help prevent the world from becoming a real-life "Terminator" film, Musk conceded even then that OpenAI has the cards stacked against it. The CEO has already confirmed plans to refine lithium in Texas, and Tesla has been mulling a takeover of miner Sigma Lithium, Bloomberg reported last month. Jun 6, 2022 9:15 PM EDT Elon Musk knows he has become the most influential chief executive officer in the world. Problem. `` shared by many people his 130 million Twitter followers status to come the! The United States to resist that not losing human capital. `` press! Have also flagged the risk of a recession that could last until the second of. Constellation system, similar to elon Musk ( @ elonmusk ) December 16 2022. Seems to be the one guy at the party that does n't hang around the punch bowl drunk! Least the second quarter of 2024 Musk insists it will be amiable he has become the most edge. Artgrid, Storyblocks, FilmPac, and making prudent bets without using borrowed money 's.! % as of noon new York time built for humans. `` Adams, Dilbert. 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