Enhancing Collaboration in Advanced Technology: A Conversation with Elon Musk on AI and Innovation.

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Elon Musk is an innovator and entrepreneur whose focus is the development of cutting edge technology and particularly Application Intelligence (AI). Today's discussion revolved around understanding the dynamics of change in artificial intelligence with ways of improving teamwork in that field. Musk is also known for coming up with some mega ideas and even more mega strategies so it was not surprising that the call for global cooperation in use of AI was made to avoid disorganized competition of nations and industries that would ultimately waste a lot of resources and fail to solve the key issues of the 21st century. That vision which is his echoes with the increasing understanding that in order to tap the capabilities of AI, proactive implementation of these capabilities is of collective, rather than individual, nature. A focal point of the discussion was the ethics of AI and its development. As Musk pointed out, AI is more than a device, it is a way of thinking that will change bu
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Elon Musk's Tesla Sells Most Of Its Bitcoin Holdings

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Elon Musk

Billionaire Elon Musk’s Tesla has sold 75 per cent of its Bitcoins, which was worth about $2bn (£1.7bn) at the end of 2021. Tesla added $936 million in cash to its balance sheet in the second quarter (Q2) this year.

Tesla was in limelight last year when it revealed a major investment in Bitcoin. However, it dealt with an economic meltdown this year amid cryptocurrencies falling off the cliff.

Tesla said in a shareholder letter on Wednesday, “As of the end of Q2, we have converted approximately 75 per cent of our Bitcoin purchases into fiat currency.” In the balance sheet report, Tesla said that it owns net digital assets worth $218 million, which is down from the $1.26 billion in the previous quarter. Tesla’s first investment in Bitcoin was for $1.5 billion last February. The price of Bitcoin dropped about 2% on the news of Tesla’s fire sale.

Tesla’s sale of Bitcoin comes at a time when the cryptocurrency market has plunged to its months-low. Over the past few months, 1 Bitcoin is hovering around $17,000 to $22,000.

No Dogecoin Sold by Tesla

Musk said in the earnings conference call that Tesla did not sell Dogecoin. Tesla has not to date mentioned anything about its Dogecoin holdings, but it began accepting DOGE payments for some merchandise in January this year.

Elon Musk

Elon Musk was in the limelight recently due to the Twitter vs Musk row. Twitter has sued Musk for violating the deal to buy the social media platform. Twitter reportedly requested the Delaware court to order Musk to complete the merger at the agreed price of $54.20 per share. Earlier, Musk made a hostile bid to take over Twitter for a $44 billion deal, $54.20 per share.

Musk's lawyers argued the dispute over false and spam accounts on Twitter was important to Musk to complete the deal. 

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