Elon Musk overtakes Bill Gates to become world’s second richest person | Science & Tech News

Elon Musk has passed Bill Gates to become the world’s second richest man as Tesla’s share price continues to soar.

The electric car company’s value has risen following the announcement that it would join the S&P 500 index, and is currently valued at $521.49 (£390.20) a share.

Mr Musk, 49, is now worth more than $128 billion (£95bn) as he owns 20% of all of the company’s shares, which have risen by more than 675% since 25 November last year, when they were valued at $67.27 (£50.33) each

The limelight-friendly billionaire started this year in 37th position on the rich list. Last week he overtook Facebook founder and chief executive Mark Zuckerberg in third position.

Tesla shares rose on the news it would be added to the S&P 500

The deposition of Bill Gates, who is also worth $128bn, marks only the second time the Microsoft founder has dropped out of the top two on the Bloomberg billionaires index, although Mr Gates could conceivably be ranked higher if he did not persistently donate billions of his personal wealth to charity.

Amazon founder and chief executive Jeff Bezos remains at the top of the Bloomberg rich list, with an estimated net worth of $182bn (£136bn).

Tesla is the most valuable car company in the world by share price, with a market value of just over $494bn (£370bn).

It produces fewer vehicles than all of its major rivals, with just 500,000 expected this year. Toyota has an annual production of 10 million.

Mr Musk and Mr Gates have recently distinguished themselves by their reactions to the COVID-19 pandemic, with Mr Gates’ foundation committing $36bn to ramping up the manufacturing and distribution of future vaccines.

In contrast, Mr Musk claimed to have taken four tests on the same day, two of which showed he was positive for the virus, and two that came back negative, as he stated “something extremely bogus is going on”.

It is not the first time the outspoken billionaire has expressed scepticism about the coronavirus pandemic. Earlier this year, he described lockdowns as “forcibly imprisoning people in their homes” and “fascist”.

Source link

Elon Musk overtakes Bill Gates to become world’s second-richest person

Elon Musk’s year of dizzying ascents hit a new apex on Monday (US time) as the Tesla co-founder passed Bill Gates to become the world’s second-richest person.

The 49-year-old entrepreneur’s net worth soared $US7.2 billion to $US127.9 billion ($175 billion), driven by yet another surge in Tesla’s share price. Musk has added $US100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th.

Elon Musk is now the world’s second-richest person. Credit:Bloomberg

His advance up the wealth ranks has been driven largely by Tesla, whose market value is approaching $US500 billion. About three-quarters of his net worth is comprised of Tesla shares, which are valued more than four times as much as his stake in Space Exploration Technologies, or SpaceX.

Tesla closed 6.5 per cent higher at $US521.85. A year ago, they were fetching around $US67.

Source link

15 Career Lessons From Elon Musk, Warren Buffett, Sara Blakely and Other Successful Founders

1 min read

It’s easy for it to seem like everything Elon Musk, Jeff Bezos, Warren Buffett and Sara Blakely touches turns to gold. And it’s true that each has been incredibly successful in their respective industries. But every one of those founders had to start somewhere, and success is never guaranteed — even for billionaires. 

Related: 61 Books Elon Musk Thinks You Should Read

The internet is full of career advice from successful people, but overseeing a multi-billion-dollar empire is different than managing a small business. So, Resume.io took career advice from someof the world’s most successful founders and distilled it down to the following pro tips that can apply  to your own career, whether you’re just starting out or already up and running.

Related: Do You Get More Sleep Than Elon Musk, Jeff Bezos and Winston Churchill?

Source link

Elon Musk chimes in as Game of Thrones actress Maisie Williams asks internet for bitcoin advice — RT World News

Maisie Williams, who portrayed Arya Stark in Game of Thrones, is considering buying bitcoin, and asked her Twitter followers for advice. The question sparked a frenzy, with Tesla founder Elon Musk even wading into the replies.

The English actress posted a poll to her 2.7 million Twitter followers, asking whether she should “go long on bitcoin.” The query quickly attracted more than 800,000 votes and, at the time of writing, Williams’ wisdom-of-crowds approach is cautioning her against the move, with 54 percent of respondents voting against investing in the cryptocurrency.

But the poll is only the start of the story, as the post attracted thousands of messages in response. Unsurprisingly, there was an onslaught of Game of Thrones references, with Westeros fans hurling memes and quotes at the 23-year-old actress with more ferocity than an army of wights attacking a wildling village.

The whirlwind of reactions reached fever pitch when Elon Musk took time out from running his array of multi-billion-dollar companies to respond to Williams with a reference to another fantasy TV series. 

“Toss a bitcoin to ur Witcher,” he said, along with two musical note emojis. The message is a reference to a song in The Witcher TV show, which became a viral hit shortly after the series was released on Netflix late last year.

Musk’s message proved to be even more popular than Williams’ original post, quickly racking up more than 60,000 likes.

The Tesla and SpaceX founder is very familiar with bitcoin, previously describing its structure as “brilliant.” Twitter accounts pretending to be Musk in order to scam people out of bitcoin have plagued the social media platform for years. The business magnate’s real Twitter page was also among a range of high-profile accounts that were used to share a bitcoin scam earlier this year.

Also on rt.com
Two teens & 22yo charged with twitter hack that affected accounts of Bill Gates, Elon Musk and other A-listers

Like this story? Share it with a friend!

Source link

NASA finds water and ice on the Moon

The NASA program for many years has been focused on the Moon. It’s now more than 50 years since Neil Armstrong and Buzz Aldrin took that memorable walk on the Moon’s surface. So it seems rather interesting today that with the development of technology and refined knowledge from the many lunar module trips we now know there is considerably more water and ice on the Moon, than ever anticipated.

Our fascination with the Stars, the Galaxy way beyond our little part of the Universe has taken focus with the Mars Rover being the most well known in recent years. Elon Musk’s Space X success with recent rocket launches, has regained focus towards the Stars once more. So with the finding of water and ice on the Moon, what will this mean? Will we see Starship Enterprize pop up from a worm-hole somewhere in space and look to colonise the Moon? Well, no. It simply means there once was and could still be the possibility of some form of life on the Moon, but not as we know it….

Will Richard Branson and Elon Musk be the people that deliver the potential space travel to reality? It may even be a further generation to come, which may favor Elon Musk. Since the early 2000’s tickets have been sold for space travel with some paying out $60,000 a ticket in the hope of one day experiencing this for themselves. NASA’s findings doesn’t mean the Moon will be open for business as a space destination but it does provide more answers to the never ending question of are we alone in the galaxy, or galaxies?

Elon Musk promises ‘improvement’ in sustainable energy

Tesla boss Elon Musk wants the electric vehicle and battery maker to be “the best at manufacturing of any company on Earth” in a bid to bring down electric vehicle costs and accelerate the transition to sustainable energy.

Elon Musk said that will be the company’s goal and how its eventual success is measured.

“By how many years did we accelerate sustainable energy? That’s the true metric of success,” Mr Musk said, adding: “It matters if sustainable energy happens faster or slower.”

“We’re going to run out of these fossil fuels,” Tesla senior vice president of powertrain and energy engineering Drew Baglino said. “Let’s just move to the future and not run this experiment any longer.”

RELATED: Musk dared to put ‘chip in his own brain’

RELATED: Elon thanks worker who foiled ‘serious attack’

Mr Musk said the three focuses of sustainable energy will be around generation, storage, and electric vehicles (EVs).

“We intend to play a significant role in all three.”

He said the transition will require producing more affordable EVs and energy storage as well as building new factories faster while simultaneously spending less on them.

Mr Musk made the comments at Tesla’s “Battery Day”, a long-awaited announcement of new battery technology that followed the companies annual shareholder meeting, which investors viewed from screens inside their Tesla.

RELATED: Tesla planning faster version of Model S

RELATED: ‘Game changer’ for electric cars

The first change he announced is Tesla’s new goal to reach terawatt hour (TWh) scale battery production, noting that “100 per cent electric transportation requires 100 times growth”.

“A terawatt is a thousand times more than a gigawatt, so we used to talk in terms of gigawatts, in the future we’ll be talking about terawatt hours,” Mr Musk said.

But there’s a problem.

“Today’s battery (factories) can’t scale fast enough’ they’re just too small,” Mr Musk said.

He noted Tesla’s so-called “Gigafactory” in Nevada produces around 150GWh per year.

“That’s only 0.15TWh,” Mr Musk noted.

“And it costs too much,” he added.

RELATED: Mystery of Elon Musk’s $2.1 billion bonus

Mr Baglino said that scaling as fast as Tesla “can and should” required a “dramatic rethink of the cell manufacturing system”.

He said Tesla’s vehicles and factories are designed from the ground up to “make the best cars in the world”, before revealing the company would now do the same for batteries, to a chorus of approving horns from the assembled crowd of Teslas.

He said Tesla’s plan was to “halve the cost per KWh” of battery production.

This could likely bring Tesla’s production below the $US100/KWh threshold at which point experts believe electric vehicles become more economical than internal combustion vehicles.

Mr Musk said the plan the company has cooked up “thought through almost every element of the battery”.

Doing that has led to the design of a new type of battery cell, which is more powerful and efficient, and which “nobody has done before,” according to Mr Musk.

That design comes in the form of the new “4680” Tesla cell (the numbers refer to the size of the cylindrical battery cell: 46mm in diameter and 80mm tall).

Mr Baglino said the 4680 cell offers “five times the energy with six times the power, and enables a 16 per cent range increase, just on the form factor alone”.

“This is not just a concept or rendering. We are starting to ramp up manufacturing of these cells,” Mr Baglino promised.

Prior to the event Mr Musk said it would probably take until 2022 before the batteries reached widescale production.

The pair also outlined plans for new factories to make these better batteries, which would use a dry process to coat electrodes onto film rather than the traditional wet process, leading to a factory that’s 10 times smaller.

Mr Musk said the dry coating process was “insanely difficult” to scale up but “it’s close to working”.

“There’s a clear path to success but a tonne of work between here and there,” Mr Musk said.

The aim of the new factories is to provide “high-speed continuous motion assembly”.

Mr Baglino said the changes would result in a seven-fold increase in output.

“You would be astounded at how bad most factories are,” Mr Musk said.

He added that only two or three per cent of a factory’s area size does “useful work”, including Tesla’s at Fremont.

“Basically Tesla is planning to be the best at manufacturing of any company on Earth,” Mr Musk said ambitiously.

“This is the thing that’s actually most important in the long run, from a company standpoint and from achieving sustainability as fast as possible.”

Tesla plans to continue working with existing battery cell suppliers like LG, Panasonic and CATL, but also wants to produce 3TWh per year at its own factories by 2030.

Mr Baglino also announced Tesla would move to use silicon instead of graphite.

Silicon holds more lithium but also expands as it is charged, leading to degradation over time in its engineered form.

Tesla is proposing using raw silicon and designing to account for the expansion.

But before you race out to buy a silicon mine, the company also announced it will be looking for a lot of nickel.

The plan is to maximise the amount of nickel and remove cobalt from the batteries, which promises a 15 per cent reduction in production costs.

Mr Musk said he spoke to CEOs of the biggest mining companies and asked them to “please make more nickel”.

The company has also developed a new metal alloy that means the entire rear section of a car can be made as one piece, which costs 40 per cent less and uses 79 fewer parts per car.

Tesla’s planned vertically integrated manufacturing approach promises to bring a 54 per cent range increase for its cars, a 56 per cent reduction in the cost per kilowatt hour, and 69 per cent reduction per gigawatt hour.

“I think it’s pretty nice that investment per GWh reduction is 69 per cent,” Mr Musk joked as Tesla horns honked in the background.

“It will take us probably a year to 18 months to start realising these advantages, and probably to fully realise … three years or thereabouts.

“If we could do this instantly we would; it just really bodes well for the future.”

“What tends to happen as companies get bigger is things tend to slow down. Well actually they’re going to speed up,” Mr Musk said.

“And they’ll have to speed up if we’re going to accelerate the transition to sustainable energy,” Mr Baglino added.

Tesla’s long-term goal is to make around 20 million electric vehicles per year in order to replace “at least one per cent” of the Earth’s total vehicle fleet.

Source link

61 Books Elon Musk Thinks You Should Read

The billionaire entrepreneur is also a prolific reader.

3 min read

Although his days are presumably filled with Tesla, SpaceX, cyber pigs and lots and lots of tweeting, it seems Elon Musk also finds the time to make reading part of his routine. The businessman is known for sharing (and oversharing) all his recommendations and thoughts on , so it’s no surprise that books are part of that. 

Most Recommended Books compiled a list of all the books Musk has commented on in the past several years, and you can see all 61 here. But if you’re short on time today, click through to see 11 of the most interesting picks from his list. 

Source link

Elon Musk unveils brain chip implant: ‘It’s like a Fitbit in your skull’

The coin-sized device could help a paralyzed person operate technology.

Tech mogul Elon Musk unveiled his latest foray into science fiction Friday night: a brain chip implant to allow people who are paralyzed to operate technology, such as smartphones or robotic limbs, with their thoughts.

“I think it’s going to blow your minds,” Musk said. “It’s like a Fitbit in your skull with tiny wires.”

But the coin-sized chips, developed by Musk’s secretive startup Neuralink, are a ways off from being useful to humans. Friday’s livestreamed YouTube demonstration was on a pig named Gertrude, who Musk said had a brain chip implanted two months earlier.

As the pig shuffled around its pen sniffing hay, a computer beeped and blue wavelengths on the screen jumped up and down. Musk said the computer was measuring Gertrude’s brain activity. “The beeps you are hearing are real-time signals,” he said. “The future’s going to be weird.”

But the “move fast and break things” ethos that defines Silicon Valley has not always been kind to inventors who try their luck in bio technology. Medical innovation is notoriously slow. Conducting clinical trials to prove the safety and efficacy of medical devices can take years.

Perhaps the most notorious example of the tension between innovation and safety is blood diagnostics startup Theranos and its founder, Elizabeth Holmes. In a rush to get her product to market, Holmes took shortcuts and made exaggerated and false claims about her company’s technology, according to the U.S. Securities and Exchange Commission, which charged Holmes with raising money from investors in an “elaborate, years-long fraud.” Holmes now faces up to 20 years in prison.

Musk nodded to the regulatory hurdles that Neuralink must clear on Friday. “We’re making good progress toward clinical studies,” he said. “I’m excited to announce that we received a breakthrough device designation from the FDA in July.”

“I want to be clear,” he continued. “We’re working closely with the FDA. We’ll be extremely rigorous. We’ll significantly exceed the FDA guidelines for safety. We will make this as safe as possible.”

Musk’s track record on safety and science has been mixed.

The recent successes of SpaceX came after federal regulators examined fatal crashes linked to autopilot systems in Teslas.

In March, Musk dismissed the seriousness of COVID-19, claiming on Twitter that there would probably be close to zero new infections in the U.S. by the end of April. In May, Musk defied local stay-at-home orders and opened his California car factory in the midst of a pandemic.

As of late August, infections in the U.S. had topped 5.9 million and deaths had exceeded 182,000.

Source link

Watch Elon Musk unveil the next version of his AI-powered brain implant, Neuralink

Many products featured on this site were editorially chosen. Popular Science may receive financial compensation for products purchased through this site.

Copyright © 2020 Popular Science. A Bonnier Corporation Company. All rights reserved. Reproduction in whole or in part without permission is prohibited.

Source link

Elon Musk unveils V2 of the Neuralink brain-machine interface surgery bot

Musk took to the stage at the Neuralink headquarters on Friday afternoon to reveal a working “V2” prototype of the automated surgical system that the company debuted last year. This machine will “sew” as many as 1,024 impossibly thin 5 micron-wide electrodes into a person’s brain. So far the system only taps into the brain’s cortical surface but the company hopes to eventually insert them deeper into the grey matter to monitor deeper brain functions (ie the hypothalamus). These electrodes will connect to Neuralink’s “Link 0.9” chip, a 23mm x 8mm sealed unit which plugs into a small hole bored into the patient’s skull and collects the signals that the electrodes pick up. The Link will measure the patient’s temperature, pressure and movement, potentially providing early warnings about imminent heart attacks or stroke, Musk said.


The Link will fit flush in the skull and transmit data wirelessly at megabit speeds up to 10 meters. It will also reportedly offer inductive charging and a full day’s battery life, enabling users to recharge it as they sleep. The small pod worn behind the ear that the company showed last summer has since been removed in favor of the all-in-one design we see today. The entire installation process will reportedly take a little under an hour to complete. “It’s like a Fitbit in your skull,” Musk noted during the event.

During the live demonstration, Musk introduced the crowd to a trio of pigs: Joyce, Gertrude and TK. Joyce has not had the implantation surgery and appeared to be a perfectly happy and healthy pig. Dorothy had the surgery but had the implant subsequently removed to illustrate that the Link device is not a permanent attachment but rather can be installed and removed at will should the patient want to upgrade the hardware. Finally, Gertrude had the surgery and still has the link installed in her head. Her link monitors signals generated from her snout so whenever Gertrude smells something tastey, the Link picked up and recorded those signals.



To date, no human trials have been completed though the Neuralink team has managed to implant as many as 1,500 electrodes into mice. The chip has been tested on primates as well. “a monkey has been able to control a computer with its brain,” Musk told Bloomberg in July. Human trials could begin as soon as this year.

Of course there’s no guarantee that this system will work in humans in the same manner that it did with the mouse and primate models. If it does prove successful, Neuralink hopes to first leverage the technology to assist amputees and help people regain their lost senses of sight or hearing — even treat degenerative diseases. Eventually the company hopes to “upgrade” human consciousness, enabling us to communicate with machines at the speed of thought. Musk even positied that we could one day use these devices to save and replay memories, even download our consciousnesses to robotic bodies, Altered Carbon-style. How any of this would actually work in practice remains to be seen. There is no word yet on how much the system would actually cost, though Musk estimates it will eventually retail for around the same amount as a LASIK vision correction procedure.

This is far from the first time that we’ve tried to communicate directly with machines. Research into brain-machine interfaces has been going on since the 1920s. We’ve developed BMIs that help paraplegics walk, help amputees move their prosthetic limbs or regain their sense of touch, or help stroke patients recover and locked-in syndrome communicate.

Musk’s moment in the neurological spotlight may be short-lived however. A number of research organizations and universities are already developing systems of their own. Heck, even DARPA is looking into the technology. That said, Musk did confirm that the US Food and Drug Administration granted approval for “breakthrough device” testing back in July.

Source link