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The startup that attempted to bring Elon Musk's futuristic hyperloop dream to life is shutting down
Business Insider
·
1y ago
Medial
Futuristic transport startup Hyperloop One, the company aiming to build Elon Musk's hyperloop transit system, is reportedly shutting down. The company is laying off employees and selling its assets. Despite raising over $450 million, Hyperloop One has faced financial challenges and shifted away from passenger travel. This closure is a setback for supporters of the hyperloop technology, which Musk had initially proposed. Hyperloop One did not comment on the reported shutdown.
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Related News
India sets eyes on world’s longest hyperloop test track
Economic Times
·
5m ago
Medial
India is set to develop the world's longest hyperloop test track, aimed at assessing the feasibility of this high-speed transportation. The test track, spanning 40–50 km, will be supported by Indian Railways. Previous efforts include a 422-metre test track at IIT Madras. Hyperloop technology, featuring capsules in low-pressure tubes, promises speeds of up to 1100 km/h. Indian startups and international collaboration are driving this futuristic project, with significant investments anticipated.
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xAI legal chief resigns due to work-life balance concerns - The Economic Times
Economic Times
·
1d ago
Medial
Robert Keele, the head of legal at Elon Musk's AI startup xAI, resigned after just over a year, citing philosophical differences with Musk and a desire to spend more time with his young children. Despite considering the role a dream job, Keele couldn't balance family and work commitments. His departure follows a trend of high-level exits from Musk's companies, highlighting ongoing executive turnover challenges.
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Elon Musk fights for free speech in Brazil
Livemint
·
11m ago
Medial
Brazil's crackdown on free speech and denial of due process is worsening, with Supreme Court Judge Alexandre de Moraes shutting down Elon Musk's X social-media site and announcing a freeze of the financial accounts of Starlink, Musk's SpaceX satellite system. Moraes views social-media influencers as purveyors of disinformation and a threat to democracy, leading him to silence them. Musk, who values free speech, refuses to comply. This conflict highlights the erosion of separation of powers and the role of the Brazilian high court in politics. Further repression will only harm Brazilian democracy.
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Elon Musk's Neuralink shows first brain-chip patient playing online chess
Economic Times
·
1y ago
Medial
Neuralink, Elon Musk's brain-chip startup, livestreamed the first patient with an implanted chip that allowed him to play online chess using his mind. Noland Arbaugh, a 29-year-old paralyzed from the shoulders down, controlled a computer cursor with the Neuralink device. Although he mentioned some issues with the technology, Arbaugh expressed gratitude for the impact it had on his life. Experts noted that while it is not a breakthrough, the ability to interface with a computer is a positive development. Neuralink has faced scrutiny in the past regarding its animal experiments.
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Elon Musk says he's bringing back Vine's archive | TechCrunch
TechCrunch
·
6d ago
Medial
Elon Musk revealed plans to restore Vine’s archive, a video app acquired by Twitter in 2012 that was shut down in 2016. Musk expressed interest in reviving the app, and following a user poll, he announced efforts to bring back the archive, although his focus might be leaning more towards AI advancements like Grok Imagine, an AI-based video creation tool. Vine's potential comeback remains uncertain amidst Musk's broader tech ambitions.
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Elon Musk wants his AI bot to deliver the news. It is struggling with the job
Livemint
·
1y ago
Medial
Elon Musk's AI model, Grok, is facing criticism for its limitations in delivering accurate news summaries. After the attempted assassination of former President Donald Trump, Grok served up erroneous headlines on Elon Musk's social media platform X. One headline falsely claimed that Vice President Kamala Harris was shot, while another wrongly named a purported shooter as a member of antifa. These mistakes raise concerns about the limitations of relying on an AI model to curate news content. Critics argue that human intervention is crucial in providing accurate context, especially during breaking news events.
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Viral video: Sam Altman blasts Elon Musk says, ‘his whole life is from a position of insecurity’ | Mint
Livemint
·
5m ago
Medial
Sam Altman and Elon Musk, once allies in creating OpenAI, are now fierce rivals. Musk recently attempted a $97.4 billion takeover of OpenAI's non-profit arm, which was rejected. Altman criticized Musk, describing him as "insecure" and "unhappy" during a Bloomberg interview. He asserted that OpenAI, with its mission, isn't for sale and suggested Musk's actions were attempts to hinder them competitively. Altman once expressed interest in acquiring Twitter for $9.74 billion following Musk's $44 billion purchase.
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US online retailer Zulily says it will go into liquidation, surprising customers
Economic Times
·
1y ago
Medial
Zulily, the US online retailer, is unexpectedly shutting down and laying off hundreds of employees due to financial instability. The company attempted to fill pending orders and aims to complete this within two weeks, while cancelling and refunding orders that cannot be fulfilled. Zulily has opted for an Assignment for the Benefit of Creditors (ABC) process instead of declaring bankruptcy, transferring its assets to pay off creditors. The company had faced struggles in competing with Amazon and had undergone several rounds of layoffs in the past.
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Man shuts startup he quit his ₹50 LPA job for, says 'Success didn't make me happy'
Inshorts
·
8m ago
Medial
A Founder's Grapevine post about shutting a startup he built after leaving ₹50+ LPA job has gone viral. "Raised $2 million...Built something profitable...Shutting it down now," he wrote. "The constant weight of making decisions...Never-ending uncertainty...I wasn't built for this," he said. "Success is not equal to happiness...I built something profitable, but it didn't make me happy," he added.
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Elon Musk's X sues California over social media law
Livemint
·
1y ago
Medial
Elon Musk's X Corp filed a lawsuit against California government over a state law to bring new transparency rules for social media companies. As per the laws, social media firms will need to publish their policies for policing disinformation, harassment, hate speech and extremism.
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