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Elon Musk Takes Full Control of Twitter

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Elon Musk Takes Full Control of Twitter

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

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

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

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

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

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

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

elon musk twitter

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: Fox, VOR News

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Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

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Sony said on Tuesday that it will lose 900 jobs, or 8% of PlayStation’s global workforce.

According to a PlayStation news statement, Sony Interactive Entertainment’s layoffs will affect all regions, with its in-house London studio, which is responsible for the competitive singing video game “Singstar,” closing entirely.

“These are incredibly talented people who have contributed to our success, and we are very grateful,” said Jim Ryan, president and CEO of Sony Interactive Entertainment. “However, the industry has changed immensely, and we need to future ready ourselves to set the business up for what lies ahead.”

sony

Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

According to Bloomberg, the personnel cut comes after the business lowered its sales expectations for the year and Naomi Matsuouka, Sony’s senior vice president, stated that the PlayStation 5 console was nearing the end of its lifecycle.

Ryan stated in September that he would resign as president of Sony Group Corporation in March. Hiroki Totoki, the COO and CFO, will serve as interim CEO.

sony

Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

The incoming CEO will face an entire tech sector in turmoil, with industry giants laying off 5,500 staff in the first two weeks of 2024 alone.

Specifically, the video gaming industry has seen employment losses from 2023 into this year, with Epic Games slashing 830 workers last September and Tencent’s Riot Games laying off 11% of its workforce in January.

sony

Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

In his email to employees, Ryan echoed the leadership of those other game firms, saying, “We had to step back, look at our business holistically, and move forward focusing on the company’s long-term sustainability and delivering the best experiences possible for our community.”

Sony Group Corporation’s (SONY) stock declined less than 1% after the announcement on Tuesday.

SOURCE – (CNN)

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Sideways Moon Landing Cuts Mission Short, Private US Lunar Lander Will Stop Working Tuesday

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CAPE CANAVERAL, Florida – A private US lunar lander’s mission was cut short after landing sideways near the moon’s south pole. It is likely to stop operational on Tuesday.

Intuitive Machines, the Houston-based firm that developed and flew the spacecraft, announced Monday that it will continue to collect data until the solar panels no longer receive sunlight. Officials estimate this to happen early Tuesday, based on the Earth’s and moon’s positions. That falls two to three days short of the week that NASA and other clients had anticipated.

The lander, dubbed Odysseus, is the first U.S. spacecraft to land on the moon in over 50 years, carrying experiments for NASA, the primary sponsor. However, it arrived too quickly last Thursday, and the foot of one of its six legs caught on the surface, forcing it to tip over, according to company authorities.

According to photographs taken by NASA’s lunar reconnaissance orbiter, Odysseus landed within a mile (1.5 kilometres) of its planned target at the Malapert A crater, roughly 185 miles (300 kilometres) from the moon’s south pole.

The LRO shots from 56 miles (90 km) above show the lander on the surface, but it is hardly visible in the blurry images. Embry-Riddle Aeronautical University’s camera-ejecting experiment, which was supposed to record photographs of the lander as they both dropped, was called off shortly before touchdown due to a last-minute navigation difficulty.

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Sideways Moon Landing Cuts Mission Short, Private US Lunar Lander Will Stop Working Tuesday

According to NASA, the lander landed in a small, deteriorated crater with a 12-degree slope. That is the closest a spacecraft has ever gotten near the south pole, which is important due to probably frozen water in the permanently shadowed craters.

NASA, which intends to land astronauts in this region in the coming years, paid Intuitive Machines $118 million to bring six experiments to the surface. Other customers had things on board.

moon

Sideways Moon Landing Cuts Mission Short, Private US Lunar Lander Will Stop Working Tuesday

Instead of landing upright, the 14-foot (4.3-meter) Odysseus landed on its side, limiting its connection with Earth. The overturned lander covered up some antennas, and those that remained exposed ended up near the ground, resulting in intermittent communications. The solar panels were much closer to the surface than expected, which was less than optimal given the mountainous terrain. Even in the best circumstances, Odysseus only had a week to function on the surface before the long lunar night began.

Since the 1960s, only the United States, Russia, China, India, and Japan have successfully landed on the moon, with the United States being the only one with crews. Japan’s lander also ended up on the wrong side last month.

Despite its tilted landing, Intuitive Machines was the first private company to join the privileged group. Another American company, Astrobotic Technology, attempted it last month but could not reach the moon due to a fuel leak.

moon

Sideways Moon Landing Cuts Mission Short, Private US Lunar Lander Will Stop Working Tuesday

Intuitive Machines almost failed as well. Ground teams only activated the lander’s navigational lasers after its launch from Florida on February 15. The mistake was noticed when Odysseus circled the moon, forcing flight controllers to rely on a NASA laser-navigating gadget only on board as an experiment.

As it turned out, NASA’s test lasers guided Odysseus to a nearly perfect landing, marking the first moon landing by a U.S. spacecraft since the Apollo programme.

Twelve Apollo astronauts walked on the moon from 1969 to 1972. While NASA occasionally sent satellites around the moon, the United States launched another moon-landing mission this month. Astrobotic’s aborted voyage was the first in NASA’s programme to promote commercial lunar delivery.

Both Intuitive Machines and Astrobotics have NASA contracts for additional lunar landings.

SOURCE – (AP)

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AI Chip Firm Nvidia Valued At $2tn

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Nvidia’s market value has reached $2 trillion (£1.58 trillion), marking a new milestone in the chipmaker’s meteoric rise to the ranks of the world’s most valuable corporations.

Shares of the Silicon Valley corporation gained more than 4% in opening trading on Friday before falling slightly.

The gains built on the company’s impressive earnings announcement earlier this week.

nvidia

AI Chip Firm Nvidia Valued At $2tn

The company is profiting from improvements in artificial intelligence (AI), which has boosted demand for its processors.

The company’s turnover doubled last year to more than $60 billion, and CEO Jensen Huang told investors this week that demand was “surging” worldwide.

The corporation, which became worth $1 trillion less than a year ago, is now the world’s fourth most valuable publicly traded company, trailing Microsoft, Apple, and Saudi Aramco.

nvidia

AI Chip Firm Nvidia Valued At $2tn

After shares fell from their early Friday highs, the company’s market capitalization ended the day just under $2 trillion.

Nvidia was founded in 1993 and was originally recognized for producing computer processors that processed images, primarily for computer games.

Long before the AI revolution, it began adding capabilities to its chips that it claims to aid in machine learning, which has helped it acquire market dominance.

It is currently regarded as a vital company to monitor how quickly AI-powered technology spreads throughout the commercial world.

The firm’s stock price has more than tripled the previous year, from less than $240 per share to about $800 in midday trading on Friday.

On Thursday, the day after its earnings release, purchasers snapped up shares, boosting its value by $277 billion, the greatest one-day rise in Wall Street history.

He research has also contributed to a larger market rise, appearing to persuade investors that, as Derren Nathan of Hargreaves Lansdown put it, the AI boom is “living up to the hype”.

nvidia

AI Chip Firm Nvidia Valued At $2tn

“It’s being used in automotive for design, in telecommunications for network planning, and in mainstream companies to figure out and get insights into data that they haven’t been able to get before,” Bob
O’Donnell, a technology analyst based in the United States, told the BBC earlier this week.

“This is now really starting to hit the kinds of companies across the board, not just specialized tech companies and that’s a real tipping point for the industry.”

SOURCE – (BBC)

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