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Elon Musk Exposes Secret EU Censorship Deal Proposal

Elon Musk Exposes Secret EU Censorship Deal ProposalTesla CEO Elon Musk has disclosed that the European Commission (EC) offered his social media platform, X, a covert deal to censor speech in exchange for avoiding fines related to its blue check verification system. Musk stated that X declined the deal, unlike other platforms. The EC accused X of noncompliance with the Digital Services […]

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Sydney Sweeney’s X account hacked to promote crypto memecoin

The self-proclaimed hacker behind Sydney Sweeney’s X account also claims they were behind similar recent hacks on 50 Cent and Hulk Hogan.

The X account of American actress Sydney Sweeney was hacked with now-deleted posts promoting a crypto token bearing her name in an apparent pump-and-dump scheme.

The Solana-based token SWEENEY amassed over $10 million in trading volume within two hours of its launch on July 2, bolstered by several promotional posts made from Sweeney’s X account.

“Well I think it’s time… $sweeney is now live 100mc incoming,” said one of Sweeney’s now-deleted X posts shared online, which Cointelegraph could not independently verify.

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Tesla investors sue Elon Musk for diverting resources, talent to xAI

Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

Tesla shareholders sued CEO Elon Musk and the vehicle maker’s board on Thursday, claiming Musk’s xAI startup is a “competing company” taking artificial intelligence talent and resources from the firm.

It comes the same day shareholders voted to restore Musk’s $44.9 billion pay package that a Delaware judge threw out in January.

Cleveland Bakers and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro filed the June 13 stockholder complaint in Delaware’s Chancery Court on behalf of Tesla.

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Jack Dorsey leaves board of decentralized social network Bluesky

After backing and funding Bluesky when he was CEO of Twitter, Jack Dorsey has left the board of the social network.

Twitter co-founder Jack Dorsey has left Bluesky’s board — the decentralized social media platform he conceived and funded in 2019 when he was Twitter’s CEO.

Bluesky confirmed Dorsey’s exit in a May 5 post on the platform, writing that it was “searching for a new board member” and thanked Dorsey for his help in starting and funding the project.

Hours earlier, Dorsey had responded with a curt “no” to someone on X asking if he was still on Bluesky’s board. Neither Bluesky nor Dorsey explained why he decided to leave. Bluesky did not immediately respond to a request for comment.

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Gary Gensler’s resignation ‘troll’ post disappoints Crypto X

SEC’s Gary Gensler managed to excite, then rudely disappoint crypto fans with a "legendary and respectable troll thread.”

The United States Securities and Exchange Commission chair Gary Gensler duped more than a few X users into believing he was resigning from the SEC on Wednesday — before saying he’s “not done.”

“It’s been an honor to serve as [SEC] Chair. Over the past 3 years, I’ve seen firsthand how the incredible staff at the SEC serve investors and issuers alike.” Gensler wrote in an April 17 X post.

In following posts, he noted the “more than 2,000 enforcement actions” and rules the SEC had finalized under his stewardship — words that appeared to lead up to him announcing his resignation.

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Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist

Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist

Misleading comments that link to crypto phishing scams are plaguing the social media platform X, according to the blockchain security firm SlowMist. In a new analysis, SlowMist notes that phishing scams represent around 80% of comments on tweets from famous crypto projects. The scammers employ a high level of automation, according to the security firm. […]

The post Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist appeared first on The Daily Hodl.

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Elon Musk tells advertisers trying to ‘blackmail’ X — ‘Go fuck yourself’

The billionaire X (Twitter) owner lashed out at advertisers who are ditching the platform due to his controversial posts.

Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times.

Speaking at the 2023 DealBook Summit in New York on Nov. 29, Elon Musk, the owner of micro-blogging platform X (formerly Twitter), lashed out at advertisers leaving the social media site due to antisemitic posts he amplified there.

Recently, Musk publicly endorsed what the White House labeled “antisemitic and racist hate” on the platform, which he has since apologized for. The tweet has also been deleted.

However, when interviewer Andrew Ross Sorkin asked about advertisers leaving the platform, Musk stated:

“If someone is going to try to blackmail me with advertising, blackmail me with money, go fuck yourself .... Go … fuck … yourself. Is that clear? I hope it is.”

Musk also shouted out to Disney CEO Bob Iger, who was reportedly in the audience, saying “Hi Bob!” since the company was one of several advertisers that have left X.

“What this advertising boycott is going to do, it’s going to kill the company,” Musk told Sorkin, adding: “And the whole world will know that those advertisers killed the company, and we will document it in great detail.”

A Nov. 24 report from The New York Times suggested that up to $75 million in revenue could be in jeopardy from over 200 advertisers, including Airbnb, Coca-Cola and Microsoft.

Earlier this month, Media Matters reported that it found ads for Apple, Bravo, Oracle, Xfinity, and IBM next to posts that tout Hitler and his Nazi Party on X.

According to a Nov. 25 NPR report, the platform has lost 50 of its top 100 advertisers since Elon Musk took over. Big-name brands like Ford, Verizon, Chevrolet, Chipotle, and several pharmaceutical companies such as Merck have pulled advertising in recent months.

Related: Twitter is now worth half of the $44B Elon Musk paid for it

Crypto adviser Aubrey Strobel saw the funny side of the outburst, noting that CNBC did not expect it, “so there was no profanity delay, and therefore it violated FCC guidelines meaning CNBC gets fined. Hilarious.”

“What I see all over the place is people who care about looking good while doing evil. Fuck them,” continued Musk, who was on a roll now.

Political commentator Collin Rugg said, “And this is exactly why Elon was the perfect person to buy Twitter.”

Magazine: Deposit risk: What do crypto exchanges really do with your money?

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Elon Musk launches AI chatbot ‘Grok’ — says it can outperform ChatGPT

Grok costs $16 per month on X Premium Plus. But for now it is only offered to a limited number of users in the United States.

Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests.

The motivation behind building Gruk is to create AI tools equipped to assist humanity by empowering research and innovation, Musk and xAI explained in a Nov. 5 X (formerly Twitter) post.

Musk and the xAI team said a “unique and fundamental advantage” possessed by Grok is that it has real-time knowledge of the world via the X platform.

“It will also answer spicy questions that are rejected by most other AI systems,” Muska and xAI said. "Grok is designed to answer questions with a bit of wit and has a rebellious streak, so please don’t use it if you hate humor!"

The engine powering Grok — Grok-1 — was evaluated in several academic tests in mathematics and coding, performing better than ChatGPT-3.5 in all tests, according to data shared by xAI.

However it didn’t outperform OpenAI’s most advanced version, GPT-4, across any of the tests.

“It is only surpassed by models that were trained with a significantly larger amount of training data and compute resources like GPT-4, Musk and xAI said. “This showcases the rapid progress we are making at xAI in training LLMs with exceptional efficiency.”

The AI startup noted that Grok will be accessible on X Premium Plus at $16 per month. But for now, it is only offered to a limited number of users in the United States.

Grok still remains a “very early beta product” which should improve rapidly by the week, xAI noted.

Related: Twitter is now worth half of the $44B Elon Musk paid for it: Report

The xAI team said they will also implement more safety measures over time to ensure Grok isn’t used maliciously.

“We believe that AI holds immense potential for contributing significant scientific and economic value to society, so we will work towards developing reliable safeguards against catastrophic forms of malicious use.”

“We believe in doing our utmost to ensure that AI remains a force for good,” xAI added.

The AI startup's launch of Grok comes eight months after Musk founded the firm in March.

Magazine: Hall of Flame: Peter McCormack’s Twitter regrets — ‘I can feel myself being a dick’

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Elon Musk says posts busted by Community Notes won’t earn revenue share

Elon Musk assured those attempting to “weaponize” the community notes feature will be immediately found out.

Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk.

In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected” by Community Notes — manned by X’s crowdsourced fact-checkers will not be eligible for revenue share.

Musk said the change would “maximize the incentive for accuracy over sensationalism” and claimed any attempted weaponization of the feature would be “immediately obvious” as the data is open source.

With little information to go on, X users and Crypto Twitter pundits questioned aspects of the change.

“Does that include notes that are added for context [of] the user’s claims rather than correcting false information?” one user asked. The crypto-focused account Bitcoin Archive said some notes add further context and not all are “refutations or corrections.”

Finance-focused X account “Not Jerome Powell” said Community notes applied to memes “in a funny way” or notes providing context “should be excluded.”

Related: Crypto community tells Elon Musk to dump Satoshi ‘X’ account

Others, however, were supportive of the change. “Pay attention to those who vehemently disagree with this,” wrote Dogecoin (DOGE) co-creator Billy Markus “It’s quite literally people who make a lot of money spreading misinformation.”

X hasn’t shared the number of accounts eligible for monetization nor who makes up its 100,000 contributors in 44 countries, according to an Oct. 26 post from X CEO Linda Yaccarino.

Magazine: Hall of Flame: Peter McCormack’s Twitter regrets — ‘I can feel myself being a dick’

Additional reporting by Jesse Coghlan.

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