INSEAD Day 4 - 728x90

Elon Musk

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Musk heads to France to discuss investment with Macron

    After talking to Macron, Musk will appear before an audience of thousands at VivaTech for what is billed as an hour-long "conversation" with the event's French founder Maurice Levy. Musk is likely to face questions at VivaTech about his many other business interests -- particularly his acquisition of social media...
  • Human extinction threat ‘overblown’ says AI sage Marcus

    In March, alarmed that ChatGPT creator OpenAI was releasing its latest and more powerful AI model with Microsoft, Marcus signed an open letter with more than 1,000 people including Elon Musk calling for a global pause in AI development. But last week he did not sign the more succinct statement...
  • Musk secures approval for direct brain-computer interface technology

    Neuralink said clearance from the US Food and Drug Administration (FDA) for its first in-human clinical study is "an important first step" for its technology, which is intended to let brains interface directly with computers. Members of the Neuralink team have shared a "wish list" that ranged from technology returning...
  • Elon Musk says Microsoft broke its rules for developers

    Twitter called on Microsoft to identify all Twitter content that has been in its control during the past two years; how it is stored and what has been done with it, according to the letter sent to Nadella. Microsoft confirmed receiving a letter from a law firm representing Twitter with...
  • French president to meet Elon Musk in Paris to discuss joint projects

    Finance Minister Bruno Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments are the fruit of months or even years of negotiations". During a US trip in December, Macron held an unannounced face-to-face meeting with Musk, saying later the two had had...
  • Advertising executive Linda Yaccarino is new CEO of Twitter

    Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to reverse the tide at the struggling platform he bought for US$44 billion last year. Yaccarino is a highly respected advertising executive who stepped down from NBCUniversal "effectively immediately" on Friday.
  • Twitter has new boss, says Elon Musk, to take over in six weeks

    If Musk follows through on the announcement, he will be belatedly fulfilling the promise he made to honor the results of his Twitter poll. A total of 57.5 percent of more than 17 million accounts voted for him to step down.
  • Video and audio calls coming to Twitter, says Musk

    Since buying Twitter for $44 billion late last year, Musk has made changes in seemingly impulsive ways, sometimes causing chaos for users. The Twitter boss has talked publicly of building an all-purpose "X" application that combines messages, payments and more.
  • Twitter canceling accounts that haven’t been used for a long time

    Since Musk bought Twitter, the company has relaxed the moderation of content on the network, letting back many users banned because of messages inciting hatred or spreading misinformation. Market trackers say Twitter revenues have fallen as advertisers avoid the platform.
  • ‘Godfather of AI’ quits Google to warn of the tech’s dangers

    The scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will "not be able to know what is true anymore." While AI has been used to support human workers, the rapid expansion of chatbots like ChatGPT could put jobs at risk.
  • Twitter to permit publishers to charge users on a per-article basis

    The announcement came as Musk has struggled, amid frequent controversy, to make Twitter profitable. The per-article approach, some Twitter users said, could encourage a flourishing of "click bait." It is feared it might favor big publishers over small ones, and it is unclear that authors -- not just news groups...
  • SpaceX rocket leaves trail of debris, craters at Texas base

    During takeoff, SpaceX video showed a hail of debris being blasted as far as the Gulf of Mexico, over 1,400 feet (420 meters) away. After Thursday's test, Musk said that SpaceX had begun building "a massive water-cooled steel plate to go under the launch mount.
  • Twitter restores blue ticks for some media, celebrities

    Many who unwillingly gained blue ticks made it clear that they had not subscribed, as the badge became a symbol of support for Musk. Many official media accounts regained a tick, including AFP, which has not subscribed to Twitter Blue.
  • Musk all the way: Pope loses Twitter verification Tesla’s stock fall, rocket explodes

    Shares of Tesla slumped after reporting a drop in quarterly earnings and hinting the Musk-led company could face further profit pressures from more price cuts on its vehicles. As Twitter, Tesla and SpaceX deal with turbulence, Musk is a common denominator, noted independent tech analyst Rob Enderle.
  • Elon Musk hypes up new moderation policy to reassure advertisers

    Speaking at a meeting in Florida, the controversial billionaire outlined new rules, first announced Monday, to limit the reach of tweets that do not conform to the platform's guidelines. Since purchasing the so-called bird app in a rollercoaster $44 billion deal last year, Musk has sharply reined in content moderation...
  • Elon Musk lays out plan to create ‘truth-seeking’ AI

    Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing an open letter urging an overall hiatus in the development of AI technology. The signatories argued that the pause should be used to bolster regulation and ensure AI systems were...
  • Elon Musk establishes X.AI artificial intelligence company in Nevada

    San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday. Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business...
  • 3D-printed rocket maker to focus on bigger vehicle for commercial launches

    Terran 1 was made using the world's largest 3D metal printers and was powered by engines using liquid oxygen and liquid natural gas, what Relativity calls the propellants of the future capable of eventually fueling a voyage to Mars. Although it failed to reach orbit, the test flight proved that...
  • Twitter working on AI despite Musk call for global pause: report

    Musk has bought thousands of powerful, costly computing processors and hired AI engineering talent, Insider reported, while another tech-focused outlet, the Information, said the entrepreneur has floated the idea of starting a rival to ChatGPT. Meanwhile, Musk has slashed staff at Twitter as part of dramatic cost cutting since his...
  • Twitter ad ‘to fall’ 28% in 2023

    Major advertisers suspended Twitter activity after Musk took over.
  • Tesla sued over workers’ alleged access to car video imagery

    Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems built into the cars, a court filing contended. The suit accuses Tesla of negligence, fraud and privacy invasion.
  • After backlash, Twitter now calls NPR, BBC, ‘government-funded’

    The change in how Twitter refers to Washington-based National Public Radio happened quietly overnight Saturday and comes after the network complained that the term "state-affiliated" was disparaging and inaccurate. Twitter last week branded NPR in the same way as government-owned Chinese and Russian platforms.
  • Dogecoin price surges Musk changes Twitter logo to ‘meme dog’

    His decision to change the logo to a Shibu Inu dog, whether permanent or another short-lived joke, caused the price of dogecoin to surge by more than 20 percent. Musk has 133 million followers and has long used the platform for self-promotion and humor, occasionally also promoting dogecoin, a cryptocurrency...
  • New York Times loses Twitter verification on main account

    The New York Times was among news media companies, firms and charities that had already lost their blue tick and were tagged as verified business accounts with a gold tick under Musk's new system. To retain the gold tick after the rollout of the subscription service dubbed Twitter Blue, these...
  • Prompted by GPT-4, Musk, experts call for halt in ‘giant AI experiments’

    Billionaire mogul Elon Musk and a range of experts called on governments to step in and impose a moratorium if companies do not pause the training of AI systems more powerful than GPT-4, for 6 months. The six months should be used to develop safety protocols, AI governance systems, and...
  • In an email to employees, Elon Musk puts Twitter’s value at just $20 billion

    The email to employees dealt with a new stock compensation program in the San Francisco-based company and the attribution to employees of stock in X Holdings, Twitter's umbrella company since Musk purchased it in late October. "Twitter was trending to lose ~$3B/year," Musk said in a message posted Saturday on...
  • Musk eyes torrid growth at Tesla, but offers no big new reveals

    After years of losses, Tesla has hit its stride in terms of financial performance, scoring an impressive string of earnings records as it has added factories and ramped up production. The company has also acted as a major catalyst for a revolution in transportation, with much of the automobile sector's...
  • Twitter cuts more staff

    A media report said that company has laid off 10% of its workforce.
  • ‘Someone else’ could be running Twitter this year, says Musk

    Musk paid $44 billion for his favorite social media platform and exiting day-to-day operations would allow him to deflect criticism that he is neglecting his other ventures, especially car company Tesla, which has seen its share price plummet since he took over Twitter. He has given few clues to what...
  • SpaceX test-fires engines of massive Starship rocket booster

    Giant sheets of orange flames erupted from the base of the rocket and clouds of smoke billowed into the air during the test-firing, which lasted several seconds. The 230-foot (69-meter) Super Heavy booster was anchored to the ground during the test-firing to prevent it from lifting off.
  • LVMH sales, profit reach new highs

    LVMH is headed by French billionaire Bernard Arnault.
  • Musk tells jury buying Tesla at $420 a share was no joke

    The Tesla chief returned to the witness stand to answer questions from lawyers for angry investors who accuse him of costing them millions of dollars with a pair of allegedly false tweets about having the funding secured to buy them out. A lawyer for the plaintiffs focused on Musk's buyout...
  • Microsoft to invest in OpenAI

    Microsoft has extended its partnership with OpenAI.
  • Musk announces more expensive subscription for ad-free Twitter

    The recent announcement of Twitter updating its services would be a radical change in business model from Twitter, which has so far relied on targeted advertising to generate revenue, before launching a paid subscription service in mid-December.
  • Tesla CEO Elon Musk takes stand in California fraud trial

    San Francisco, United States--Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors. Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018...
  • Twitter bird frame fetches $1million for Musk at auction

    San Francisco, USA - A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters. An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured...
  • Musk-owned Twitter sells bird statue for $100,000 in auction

    An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured a 10-foot neon light in the shape of Twitter's bird logo, which brought in a winning bid of $40,000, Heritage Global Partners auction service confirmed.
  • OpenAI, creator of ChatGPT, casts spell on Microsoft

    Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications and now, according to a report in Bloomberg, the tech giant wants to graft ChatGPT to its Bing search engine to take on Google. Since ChatGPT was introduced in November, the prowess...
  • Conspiracy theorists make comeback on Twitter after the ban

    Those reinstated include far-right activists, anti-Muslim extremists as well as others peddling election conspiracies and Covid-19 misinformation, according to an analysis by the non-profit Media Matters of dozens of restored accounts with millions of combined followers.
  • Tesla’s 2022 deliveries disappointing

    The company supplied 1.31m EVs last year.
  • Twitter outages hit thousands of users worldwide

    DownDetector reported a spike in issues with Twitter starting around 7 pm Eastern time (midnight GMT), with users unable to see their main feed, check notifications or use other functions such as lists. The number of reports logged by the monitor from other countries ranged from a few hundred to...
  • Elon Musk says close to 100 Starlinks ‘active’ in Iran

    San Francisco, United States--Nearly 100 Starlink internet terminals are currently operating in Iran, SpaceX chief Elon Musk said Monday. The tycoon had promised to bring the satellite internet network to the country in September as Iranian authorities imposed increasingly severe access restrictions, in a move activists called a campaign to limit...
  • Musk doubtful about reliability of Twitter CEO poll

    In the poll results which were posted on Monday, 57 percent of voters, or 10 million votes, favored Musk stepping down just eight weeks after he took ownership of the company for $44 billion.
  • Twitter users vote to oust Elon Musk as CEO

    Analysts have also pointed out that the stock price of Tesla has slumped by one-third since Musk's Twitter takeover. The share price briefly rallied by 3.3 percent on Monday before fading. "It's hard to ignore the numbers since [the Twitter] deal closed," tweeted investment expert Gary Black, saying he reckoned...
  • Musk polls Twitter users on his future as CEO

    The unpredictable billionaire posted the poll shortly after apparently acknowledging he had made a mistake banning Twitter users from promoting their accounts on rival social media platforms. "Going forward, there will be a vote for major policy changes. My apologies. Won't happen again," he tweeted.
  • Twitter to disallow users from promoting rival social platforms

    The move of not allowing users to promote their accounts on several rival social media platforms including Facebook and Instagram was the latest in a growing series of controversies generated by Musk in his short tenure at the helm of Twitter, including layoffs, reinstatement of some far-right accounts and the...
  • Elon Musk to restore suspended Twitter accounts of journalists

    Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists that were suspended after he accused them of endangering his family. Musk carried out a Twitter poll asking whether he should restore the suspended accounts now or in a week's time. Nearly 59 percent of the...
  • Twitter suspends account tracking Elon Musk’s plane

    The account was in action briefly later in the day, after Twitter sent out word that it updated its policy to prohibit tweets, in most cases, from giving away someone's location in real time. "Yes I am back!" read a tweet fired off by @ElonJet, which added a link to...
  • Musk relaunches Twitter Blue after fake account fiasco

    The first try last month came just 10 days after Musk's $44 billion takeover of the platform and a mass round of layoffs that saw company staff levels halved, including teams of workers moderating content. The subscription service costs $8 per month for users accessing Twitter on the web and...
  • Elon Musk targets US Covid response lead Fauci in viral tweet

    Musk also posted a meme showing Fauci telling US President Joe Biden, "Just one more lockdown, my king..." -- in apparent criticism of the Covid mitigation measure Musk has repeatedly slammed but has not been deployed in the country for over a year.