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Elon Musk's AI startup xAI has raised $6 billion from investors, including US venture capitalists, NVIDIA, AMD, and investment funds from Saudi Arabia and Qatar. This funding will be used to develop products for billions of users and advance research. xAI is now valued at $50 billion, competing with OpenAI.
Appointment of Sriram Krishnan
President-elect Donald Trump has appointed Indian-origin entrepreneur Sriram Krishnan as Senior Policy Advisor for Artificial Intelligence. Krishnan, a former Twitter and Microsoft employee, will work alongside David Sacks to maintain America's leading position in AI and shape national AI policy. Expressing gratitude, Krishnan affirmed his commitment to serving the country and ensuring continued American AI leadership.
Key Appointments
Among the Indians and Indian Americans who have been appointed are Chandigarh-born Harmeet Kaur Dhillon as the assistant attorney general (US Department of Justice), Kolkata-born Jay Bhattacharya as the director of National Institutes of Health, Kashyap Patel as the director of the FBI, Vivek Ramaswamy as the head of the Department for Government Efficiency (DOGE) and Tulsi Gabbard as the director of National Intelligence. Usha Chilukuri Vance, wife of vice president-elect JD Vance, will be the first Indian-origin second lady of the US.
Tesla's Stock Surge
Tesla's stock surged 73% post-election, driven by Elon Musk's support for President-elect Trump and anticipated policy influence. This contrasts with declining earnings expectations and uncertain profitability of robotaxi initiatives. Investors are betting on Musk's access to the administration, despite risks related to EV subsidy cuts and regulatory changes.
Elon Musk's Influence
The notion of Elon Musk, the world’s wealthiest individual, assuming the role of Speaker of the U.S. House of Representatives has ignited widespread debate across political spheres. US government shutdown: Elon Musk's influence in Congress is evident as he derailed a bipartisan budget deal, prompting Republican support and Trump’s endorsement.
Elon Musk's Achievements
Elon Musk has achieved a new feat after his net worth reached $500 billion, according to Bloomberg. Musk's wealth saw a massive jump after Donald Trump won the US elections as he backed for him pouring millions into his campaign. Musk is CEO of Tesla, the top carmaker, and leads SpaceX, contracted by NASA. He also owns X, the social media platform, previously known as Twitter.
Elon Musk's Predictions
Elon Musk, known for his futuristic visions, recently shared a video where he predicted in 1998 that the internet would revolutionise the traditional media. Musk predicted that print, broadcast, radio, essentially all media would fall into the internet.
AI Regulation
Physics Nobel Prize winner Geoffrey Hinton and chemistry laureate Demis Hassabis insist on the need for strong regulation of artificial intelligence, which played a key role in their awards. They highlight the risks of global inequality and loss of control as AI evolves into independent agents.
Future of AI
Yuval Noah Harari warns of the escalating AI arms race, emphasizing the risks of global inequality and loss of control as AI evolves into independent agents. He highlights the failure of global cooperation, exacerbated by the new US administration, and the potential collapse of the international order.
Education Venture
Apart from all his other ventures related to science and technology, Elon Musk is now venturing into education systems in the United States, with his own plan for a pre-kindergarten Montessori school in Texas, whose doors will soon be opening up.
X's AI Chatbot
X users are sharing medical images with Grok, X's AI chatbot, at Elon Musk's suggestion, hoping it will improve diagnostic accuracy. While some users report accurate findings, others have found discrepancies. Privacy experts are concerned about the lack of HIPAA protection for data shared on X, unlike data shared with healthcare providers. Inaccurate results could lead to unnecessary medical interventions.