Here are top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on.
Elon Musk vows not to sell more Tesla Shares
Tech Billionaire Elon Musk has vowed that he won’t sell Tesla shares at least for the next two years. Musk made the announcement during Twitter Spaces Audio Chat on Thursday. The announcement came amid continuous drop in Tesla share prices that has ended up significantly eroding company’s market capitalization. The pressure on Tesla’s stock prices have also taken a hit of Musk’s net worth, with Musk dropping to No: 2 position earlier this week in the list of world’s top 10 richest person. Musk’s controversial takeover of Twitter in a $44 Bn deal was one of the main reasons that prompted Musk to sell his Tesla shares.
Twitter now Discloses exact views of your Tweets
Twitter under the reign of its new boss Elon Musk is undergoing several swift changes and as part of the same process it has now rolled out a new feature. This new feature will show how many people view your tweets. Twitter’s new feature seems to be inspired from YouTube which discloses upfront how many times thee video has been viewed. While making this announcement through a tweet, Musk said that the new ‘tweet view’ feature will not only help viewers but also creators. Musk, meanwhile, will soon get busy in searching for Twitter’s new CEO as barely few days back he announced that he will be resigning Twitter’s CEO position.
South Korean Financial Giant Mirse Asset to invest $72 Mn in SpaceX
Elon Musk’s rocket and satellite company will have a new investor on board by end of January next year. This new investor will be South Korean financial behemoth Mirae Asset who has just announced in the regulatory filings that it will be investing $72.43 Mn or 93 Bn won by as early as next month. Although currently SpaceX does not contribute much to Elon Musk’s personal net worth, many analysts believe that the rocket & satellite company may overtake Tesla in the coming years in terms of market capitalization and overall revenue. Apart from its satellite business that is overseen by its sister firm Starlink, SpaceX is also pinning its hopes on its advanced rocket launcher Starship, which is still under testing phase.
Reliance Backs American AI and Robotic Startup Exyn
Mukesh Ambani led Reliance Industries has pumped $25 Mn in Philadelphia based AI and robotic startup Exyn, according to media reports. The $25 Mn has been channelized through Reliance Strategic Business Ventures, which is a wholly owned subsidiary of Reliance Industries. With this funding, Mukesh Ambani’s company now owns 23.3% stake in Exyn. Exyn specializes in manufacturing aerial drones that have the ability to navigate in accessible environment without a prior map and existing GPS infrastructure. Reliance’s funding is part of Exyn’s larger Series B funding round and Indian conglomerate’s attempt to consolidate its presence in the global startup scene. `
Facebook’s Parent Company Meta Settles Infamous Cambridge Analytical Scandal
Facebook’s Parent Company Meta has agreed to shell out $725 Mn to settle a lawsuit accusing the Mark Zuckerberg led company of sharing user’s personal data with several third parties including Cambridge Analytica. The scandal came to light in the year 2018 and since then the scandal has been dubbed as the Cambridge Analytica scandal. The Cambridge Analytica scandal brought lot of bad press for the social media giant, with several media reports accusing that the company wasn’t really serious about data privacy.