Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), was at the center of several events over the week, from admitting his mistake to reviving old feuds. Here’s a quick recap of the week’s top tech stories.
What Happened With Anthropic?
Elon Musk publicly acknowledged his earlier misjudgment of Anthropic, a leading AI company. Musk also pledged not to misuse SpaceXAI’s computing power to harm Anthropic, despite being a competitor. On Thursday, Musk admitted, “I was clearly wrong about Anthropic.” He also acknowledged Anthropic’s current AI leadership and its forthcoming Mythos 2 model.
Musk further assured that he would not use SpaceXAI’s compute leverage to harm Anthropic, despite being a competitor. “That’s not my style,” he wrote.
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Elon Musk’s Feud With Sam Altman
Musk and Sam Altman reignited their long-standing feud over AI safety, space data centers, and alleged trade-secret theft. Musk accused Altman of taking over an open-source AI charity and stealing Apple Inc.‘s (NASDAQ:AAPL) phone technology. This was a continuation of Musk’s previous “Scam Altman” post in April, following a New Yorker investigation into Altman’s AI safety credibility.
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Howard Lutnick’s Message To Samsung And SK Hynix
U.S. Commerce Secretary Howard Lutnick has advised Samsung and SK Hynix to build AI memory fabs in the US. He emphasized that national priorities take precedence over individual corporate rivalries. Lutnick is actively discussing expansion plans with executives from both companies, despite the potential domestic friction this may cause.
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Warning For Investors In Nvidia, Microsoft, And Palantir
SEI Investments Company‘s Chief Investment Officer, Nathan Shetty, warned that even the market’s biggest AI winners could come under pressure if the Federal Reserve keeps interest rates higher than investors expect. Shetty argued that the biggest threat to high-multiple AI stocks isn’t deteriorating fundamentals, but the possibility that higher-for-longer interest rates force investors to rethink what they’re willing to pay for future growth.
Read the full article here.
Starlink’s Impressive Milestone and Price Hike
Elon Musk confirmed that Starlink can now deliver reliable 10 Gbps symmetric send/receive connectivity anywhere in the world. This announcement follows Starlink’s rapid growth, with the service surpassing 12 million active users across more than 160 countries. Space Exploration Technologies Corp. (NASDAQ:SPCX) is also raising prices in some higher-end markets.
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Photo courtesy: Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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