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16 Oct

Elon Musk’s Unusual Move with Bitcoin

hightechz.net0 CommentsBlockchain, Trendingblockchain, elon musk, technology, tesla

Tesla transfers its entire $770 million Bitcoin holdings into unidentified wallets, sparking speculation that Elon Musk has decided to sell off all of this cryptocurrency. According to Arkham Intelligence, a company that tracks cryptocurrency data, an account linked to Tesla has transferred more than 11,500 Bitcoins into several wallets with unknown owners. Currently, Elon Musk's company's wallet holds only 6.65 Bitcoins – an amount deemed to be 'basically nothing.' Donald Trump and Elon Musk in Butler, Pennsylvania on May 5. Photo: AP Before transferring the Bitcoin, Tesla was the fourth-largest publicly traded company in the U.S. holding Bitcoin, according to…

Musk Puts Colossus Supercomputer into Operation: A New Era of Computing

hightechz.net0 CommentsAI, Technologyai, Colossus, Musk, Supercomputer, technology, tesla, X

Elon Musk, the visionary behind companies like Tesla and SpaceX, has officially put the Colossus supercomputer into operation, marking a significant leap forward in the world of computing. Colossus, as the name suggests, is a behemoth in the realm of supercomputers, designed to handle vast amounts of data and perform complex computations at unprecedented speeds. Colossus, the supercomputer that Elon Musk said is "the world's largest for AI training". Photo: Getty Images. The Colossus supercomputer is expected to play a crucial role in several of Musk's ambitious projects. At the forefront is its application in advancing artificial intelligence (AI). Musk…

Elon Musk Shakes Up Tesla Workforce: 500 Laid Off in Surprise Supercharger Team

hightechz.net0 CommentsTechnologyelon musk, technology, tesla

Tesla, the electric vehicle (EV) giant, has been hit with a wave of layoffs in May 2024, with CEO Elon Musk reportedly firing the entire 500-member Tesla Supercharger team. This unexpected move has sent shockwaves through the company and the broader electric vehicle industry, raising questions about Tesla's future strategy and its commitment to its charging infrastructure. Elon Musk. Photo: Bloomberg. A Sudden Cut and Disagreements Reports indicate the layoffs stemmed from a disagreement between Musk and Rebecca Tinucci, the head of the Supercharger team. Musk reportedly pushed for further staff reductions, which Tinucci argued would undermine the viability of the…