Elon musk is for crypto or just for attention to boost Tesla, SpaceX?

[rdbase]

With AI advancing at an alarming rate I would bet a million many have not heard of the next iteration of Musk's invention grok. Groq which has peaked the interest of those who have been following the next innovation towards the race to become the best in the industry:

https://gizmodo.com/meet-groq-ai-chip-leaves-elon-musk-s-grok-in-the-dust-1851271871

[rdbase]

Some interesting articles which came out a few days ago on what is the point of Elon's AI company Grok with Open AI being so successful and why he bought Twitter in the first place via podcast so a subscription to Bloomberg is required to hear from the former CEO of what is now known as X:
https://www.theverge.com/24080217/elon-musk-xai-fundraising-grok-ai

https://www.bloomberg.com/news/articles/2024-02-22/podcast-why-elon-musk-bought-twitter-in-the-first-place

[rdbase]

Buffett and Musk discuss about what the True Currency is and it could be bitcoin with the recent swings it has had since Monday.
https://www.forbes.com/sites/digital-assets/2024/02/26/the-true-currency-elon-musk-surprisingly-sides-with-bitcoin-critic-warren-buffett-amid-crypto-price-swings/?sh=540bfb5e4951

Like how he eludes to time as the currency. This could mean a certain selection for his platform's payment system they have been developing and delaying to finally name.

[rdbase]

Musk apparently is going after Open AI's CEO for abandoning the company's original goal while it was still a startup.
https://www.reuters.com/legal/elon-musk-sues-openai-ceo-sam-altman-breach-contract-2024-03-01/

Could this due to Elon starting up his own A.I company Grok last year?

[rdbase]

Both Tesla & SpaceX hold $1.3 billion worth of bitcoin according to this article published yesterday:

https://decrypt.co/220597/tesla-spacex-bitcoin-wallets-elon-musk-firms-1-3-billion

After it was speculated that Tesla added more bitcoin to it's books causing this recent surge in the price.

https://cointelegraph.com/news/tesla-buying-bitcoin-btc-wallet-curiosity

[Reid]

Musk apparently is going after Open AI's CEO for abandoning the company's original goal while it was still a startup.
https://www.reuters.com/legal/elon-musk-sues-openai-ceo-sam-altman-breach-contract-2024-03-01/

Could this due to Elon starting up his own A.I company Grok last year?

Could be.
Elon Musk makes Grok AI open source amid ongoing OpenAI lawsuit
https://cointelegraph.com/news/elon-musk-open-source-grok-ai?fbclid=IwAR2a0BmA-y3-Ywg2G6Seu6woSgeiEqK27HhOgRkBkZ_AJOdpO6C9SXc6uVY

Like OpenAI’s ChatGPT bot, Grok is an AI chatbot developed by Musk’s company, xAI. Unlike ChatGPT, however, Grok can access real-time information via the X social media platform and answer more hot-button questions that some other AI systems reject.

Musk’s decision to make Grok open source aligns with his requests in his lawsuit against OpenAI to advance open-source AGI for the “benefit of humanity.”

"Benefit of Humanity". I highly doubt that. There's always a benefit for humanity but the priority was always the benefit of the wallets. I just don't like how the sudden thought of making an AI came out after attacking the old one who had been in the trend for now.
I think this is also to boost the number of X (formerly Twitter) users. Why? Because accessing the xAI would need an account in X.

To access the chatbot, users must have a verified X account. According to some comparisons, Grok AI, which is powered by the Grok-1 large language model, surpasses ChatGPT-3.5 but doesn’t perform as well as OpenAi’s ChatGPT-4 model.

[rdbase]

On a featured story for Wired this week he states he will be giving his truth seeking for free.
So shouldn't the new iteration of AI be free and opened to the masses?
https://www.wired.com/story/elon-musk-no-choice-open-chatbot-grok

Like the post he made on X on how OpenAI is a lie:
https://twitter.com/elonmusk/status/1767108624038449405

[rdbase]

Musk was asked at a Tesla meeting in Germany if they would ever allow a car to be purchased with Dogecoin.
Here was his response to this a couple of days ago:

https://twitter.com/DegenerateNews/status/1768126256837448020

Full article on how this would affect the company if they did. But since the tweet was released it caused the surge of the altcoin's price to increase by 10% alone on the news:

https://coinmarketcap.com/community/articles/65f2c4a3ed13b43d800acea3

[Reid]

^
That's intriguing. Well, I think he had been a supporter of that memecoin which is why he would respond like that. If ever he have more of those in his stash, then I believe he will be happy to boost it more with his cryptic messages.
This will also boost the number of supporters for his projects and who would not like that for a business.

Memecoins became one of the hottest in todays market. Another news came out regarding that.
Franklin Templeton Releases New Report For Memecoins, The Hot Area Of The Market – There Is a Solana Detail

https://en.bitcoinsistemi.com/franklin-templeton-releases-new-report-for-memecoins-the-hot-area-of-the-market-there-is-a-solana-detail/?fbclid=IwAR1e-r5sPKnsiBzPkJ7T6qkUCoMSLUZoK--SrFFTdheDIc3xgWhxaaH2ONk

“We believe Memecoins have a strong relationship with their native networks,” the report states. He also notes that in the fourth quarter of last year, the Solana network captured a significant percentage of activity across all active addresses, which coincided with the price increase on BONK.

Maybe that answer of Elon Musk has something to do with this? He hyped the memecoin market again.

[rdbase]

Solana memecoins have surpassed everyones expectations. It will make them the alternative way to deal with these type of coins since the only way had been to use the ethereum network.
But as many had experienced the high gas fees were making them un-usable.
Hundreds of dollars to send an altcoin with no utility such as a dog inspired coin doesn't make much sense.

Think Solana has reached $190 on the news about such projects in the memecoin space having exploded such as BONK, WIF and even Shiba Inu in the past week.

So let this new blockchain infrastructure have the memecoins and NFT space instead of the Bitcoin network with those inscriptions clogging up the bitcoin blockchain.

[rdbase]

This was something which needed a follow up to what happened to the patient who had Elon Musk's company Neuralink install a computer chip in his brain so to have tasks done via a computer.

"Noland Arbaugh, the world's first Neuralink patient, has made history by posting a tweet on X 'just by thinking'. Mr Arbaugh, a 29-year-old quadriplegic, has become the first person to send a tweet using only his thoughts, using NeuralInk's cybernetic implant."
source: https://www.ndtv.com/world-news/man-with-elon-musks-neuralink-brain-chip-posts-tweet-on-x-just-by-thinking-5300011

For some reason keep forgetting Musk owns this Neuralink company and not only Tesla/SpaceX/X.

[Reid]

^I bet they will make that as an NFT and will be locked away for some time so that it will have value in the future.
That's just great. Posting something just by thinking. Elon Musk can definitely be inspiring a lot of times although I still don't like how he does it when it comes to cryptocurrencies.

Not everyday he wins though. Here's what happened recently.
Elon Musk's X anti-hate group case thrown out
https://www.msn.com/en-us/money/companies/elon-musks-x-anti-hate-group-case-thrown-out/ar-BB1kwecc

US judge has thrown out a lawsuit brought by Elon Musk's social media firm X against a group that had claimed that hate speech had risen on the platform since the tech tycoon took over.

X had accused the Center for Countering Digital Hate (CCDH) of taking "unlawful" steps to access its data.

Imran Ahmed, founder and chief executive of CCDH, celebrated the win, saying Mr Musk had conducted a "loud, hypocritical campaign" of harassment and abuse against his organisation in an attempt to "avoid taking responsibility for his own decisions".

X (formerly Twitter) siad they will plan for an appeal.
He might still not win it.
Social media is a place where people would like to tell their opinion and I think Musk is just being a softy here.

He said the company had "brought this case in order to punish CCDH for ... publications that criticised X Corp - and perhaps in order to dissuade others who might wish to engage in such criticism".

Well, there's a way to stop them, he owns the company, he just need to dirty his hands for a bit.

[rdbase]

I bet they will make that as an NFT and will be locked away for some time so that it will have value in the future.
That's just great. Posting something just by thinking. Elon Musk can definitely be inspiring a lot of times although I still don't like how he does it when it comes to cryptocurrencies.

Not everyday he wins though. Here's what happened recently.
-snipped-

CMC already has an entire section of those memecoins dedicated to Musk such as elondoge.
Many are useless but it tell you just how popular no matter how stupid they are still hold a marketcap in the $100s of $1000s.

Now these articles released in the past 24 hours from different outlets are quite interesting inwhich Musk has predicted SuperHuman A.I will surpass people by next year.

https://fortune.com/2024/04/09/elon-musk-ai-smarter-than-humans-by-next-year

https://www.theguardian.com/technology/2024/apr/09/elon-musk-predicts-superhuman-ai-will-be-smarter-than-people-next-year

https://financialpost.com/financial-times/elon-musk-ai-overtake-human-intelligence-2025

[o48o]

Musk apparently is going after Open AI's CEO for abandoning the company's original goal while it was still a startup.
https://www.reuters.com/legal/elon-musk-sues-openai-ceo-sam-altman-breach-contract-2024-03-01/

Could this due to Elon starting up his own A.I company Grok last year?

(Older post but i had to reply)
Most likely reason is because he is just bitter because he couldn't do his hostile take over with OpenAI.

There's no breach of contract as there is no contract or agreement to be breached. So this seem to be as desperate as his earlier richest man alive sues non profit organization.

I don't know why he makes these, but it seems to be some sort of virtue signaling as he wants to be a savior and accepts no one else saving the world, so he thinks these would make him seem good or cool. Or maybe he just doesn't understand law well enough to see these are pointless. And his lawyers won't advice otherwise as they get paid anyway.

Here's open AI's response with emails from musk included - https://openai.com/blog/openai-elon-musk

[SickDayIn]

I am fairly certain Elon Musk has already said publicly that some of Tesla's access cash funds will be invested into Bitcoin rather than sitting in the bank. So from that he is already involved and invested. However, Elon Musk does a lot of things which align to his personal beliefs and interests, not for profit. He doesn't care about making more money or flipping ceyptocurrencies for a short term gain. I think he believes in the technology and capabilities within Bitcoin. I wouldn't be surprised if he was a HODLer with a much larger personal allocation..

[rdbase]

Musk apparently is going after Open AI's CEO for abandoning the company's original goal while it was still a startup.
https://www.reuters.com/legal/elon-musk-sues-openai-ceo-sam-altman-breach-contract-2024-03-01/

Could this due to Elon starting up his own A.I company Grok last year?

(Older post but i had to reply)
Most likely reason is because he is just bitter because he couldn't do his hostile take over with OpenAI.

There's no breach of contract as there is no contract or agreement to be breached. So this seem to be as desperate as his earlier richest man alive sues non profit organization.

I don't know why he makes these, but it seems to be some sort of virtue signaling as he wants to be a savior and accepts no one else saving the world, so he thinks these would make him seem good or cool. Or maybe he just doesn't understand law well enough to see these are pointless. And his lawyers won't advice otherwise as they get paid anyway.

Here's open AI's response with emails from musk included - https://openai.com/blog/openai-elon-musk

I am imagining that is the sole reason why he wanted to buyout all those companies in the first place.
There is probably some sort of name for an individual that is like this but I can't come up with the name at the moment. But the closest thing I can associate this behavior to would be having a god complex.

I am fairly certain Elon Musk has already said publicly that some of Tesla's access cash funds will be invested into Bitcoin rather than sitting in the bank. So from that he is already involved and invested. However, Elon Musk does a lot of things which align to his personal beliefs and interests, not for profit. He doesn't care about making more money or flipping ceyptocurrencies for a short term gain. I think he believes in the technology and capabilities within Bitcoin. I wouldn't be surprised if he was a HODLer with a much larger personal allocation..

Sure he has even reinstated for Tesla to accept bitcoin for purchasing their vehicles once again. Well ever since it has reached a new all time high this year. So why wouldn't they?
He also does things that are politically motivated as well. He had to be since in the state of California they were stopping any progress with him making his cars.

[Reid]

I am fairly certain Elon Musk has already said publicly that some of Tesla's access cash funds will be invested into Bitcoin rather than sitting in the bank. So from that he is already involved and invested. However, Elon Musk does a lot of things which align to his personal beliefs and interests, not for profit. He doesn't care about making more money or flipping ceyptocurrencies for a short term gain. I think he believes in the technology and capabilities within Bitcoin. I wouldn't be surprised if he was a HODLer with a much larger personal allocation..

I don't doubt that about Elon Musk, he loves technology and I think he is one of the farthest when it comes to it.
But let's also be real, he has people around him, investors too, financial advisors, and so on. Those are the people who would urge him to get some attention using either social media or whatever platform so that money will keep on flowing and his project will have enough budget to continue.

I found a piece of news in Yahoo about how much could've Elon made if he had HODL.
Here's How Much Tesla Would Have Made on Bitcoin If It Had HODLed

We already know the story about the Buy and Sell. Pump and dump done by Tesla.

In 2024, the price of Bitcoin has gone as high as $73,750. If Tesla had HODLed its original investment of 43,200 BTC, it would have been worth nearly $3.2 billion at the highs set in 2024. This is a gain of more than 100% or $1.55 billion. Instead, Tesla holds less than 10,000 BTC worth around $700 million.

Just like most of us. We made some mistakes. I could've got like $300,000 this year if I had HODL'ed too. 

[rdbase]

True enough @Reid !
Even if he held enough Doge coin his most favorite to all of cryptos he would well in profit since it has surged a fair amount since the recent bull run and even had a large buy from somebody yesterday. Many doubt to be Musk but you never know.
Once again there has been talks swirling that his company X will be making a major announcement in the coming days. So could this finally be a payments system being the central piece for a cryptocurrency? Or just to be some stupid thing called X-coins?
Who knows at this point.

[Reid]

^
Speaking of Dogecoin. This is a good read.
https://bitcoinist.com/elon-musk-buying-dogecoin/

Is Elon Musk Buying Dogecoin? $45 Million Whale Buy Sparks Speculation In DOGE Community

Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price.

These speculations have led to theories on who the whale buyer might be amidst a continued price decline for Dogecoin, with the most prominent hypothesis being billionaire Elon Musk.

It's possible that's it's them/him/Tesla.
Remember that time where he went to Germany and said it's possible to buy Tesla using Dogecoin? I think his financial advisor or crypto enthusiast advisor have suggested him to buy because of the possibility of a hype due to what he said. (speculating)
Who knows? There may be people who want to try buying Tesla using Doge, which means demand and next to it is a pump which also means profits to them on both ways.

[Antotena]

It's possible that's it's them/him/Tesla.
Remember that time where he went to Germany and said it's possible to buy Tesla using Dogecoin? I think his financial advisor or crypto enthusiast advisor have suggested him to buy because of the possibility of a hype due to what he said. (speculating)
Who knows? There may be people who want to try buying Tesla using Doge, which means demand and next to it is a pump which also means profits to them on both ways.

I think Elon Musk personally see crypto as means of opportunity and when he thought about it, he knew that if he should create one, there is possibility of him been questioned later by SEC, so he used Doge and because it's was a meme coins, he could just played along and get his thing done because it's a joke coin, very clever of Elon Musk isn't? He was also the richest man that time, so it was very easy for him to used that influence on people. Have you seen SEC question his actions till date?

During that time that he went bullish on Bitcoin, Tesla stock was doing well. It was a perfect opportunity for him to pump it and also make more money for the company, sold at the top and then claim that the company need some liquidity, he didn't think of other options but selling Bitcoin at the top was the best option for him, very clever Elon Musk I must say.