Mixed Martial Arts Group Bolsa (AMEX: MMA)

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Mixed Martial Arts Group Ltd formerly Alta Global Group Ltd is a technology company engaged in the provision and administration of mixed martial arts training programs, and gym programs. It provides subscription-based products and services, offering both B2B SaaS solutions and B2C products and programs, covering online engagement, online content, and immersive in-gym experiences. The company's business units are; Trainalta.com; Mixed Martial Arts.com; and Hype.Co, Mobile Marketing solution. Its Alta Platform serves as a comprehensive solution for martial arts and combat sports, offering a blend of four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community.

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Gary Black, Future Fund LLC&#8217;s managing director and a prominent market analyst, has expressed concerns about Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) high forward price-to-earnings (P/E) ratio, questioning the sustainability of its current valuation.
What Happened: In a detailed thread on X on Saturday, Black pointed out that Tesla&#8217;s forward P/E ratio stands at a staggering 180x. He noted that no trillion-dollar market cap company in stock market history has traded at such a high forward P/E ratio. 
Black argued that the long-term growth rate required to justify such a P/E would make Tesla&#8217;s market cap larger than Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which he deemed &#8220;insane.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> now trades at a forward P/E of 180x. In the history of the stock market, we can't find a single $1T market cap company that traded at a forward P/E of 180x (we even asked Grok with no success). Why not? The long-term growth rate needed to justify a 180x P/E would cause…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1928866265117941880?ref_src=twsrc%5Etfw">May 31, 2025</a></blockquote>
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&#8220;The long-term growth rate needed to justify a 180x P/E would cause TSLA market cap to be bigger than $AAPL and $MSFT, which seems insane since both have huge TAMs, unassailable brands, and highly predictable future cash flow streams,&#8221; he said in the post. 
Also Read: <a href="https://www.benzinga.com/tech/25/05/45687704/gary-black-says-teslas-robotaxi-launch-in-june-poses-minimal-risk-to-uber-will-offer-low-cost">Gary Black Says Tesla&#8217;s Robotaxi Launch In June Poses Minimal Risk To Uber: &#8216;Will Offer Low-Cost…&#8217;</a>
Black criticized Tesla bulls who dismiss his argument by claiming that&nbsp;the 2025 P/E is irrelevant.&nbsp;He emphasized that a stock&#8217;s&nbsp;valuation is the present value&nbsp;of all future cash flows,&nbsp;discounted back at a risk-adjusted&nbsp;cost of capital, plus net&nbsp;cash. To disregard P/E, according to Black, is equivalent to ignoring valuation&nbsp;when making an investment decision.
&#8220;TSLA bulls who pretend they understand finance dismiss my argument that TSLA's valuation looks stretched by saying the 2025 P/E is irrelevant. Rule #1 in investing is buy low, sell high. Rule #2 is price is what you pay, value is what you get. Arguing that P/E doesn't matter to an investment decision tells me the person doing the arguing has no valuation discipline and is just buying concepts, rather than on some assessment of value vs price,&#8221; Black continued. 
Why It Matters: Black&#8217;s comments come at a time when Tesla&#8217;s stock has been under scrutiny due to its high valuation. Despite the company&#8217;s impressive growth, some investors and analysts have raised concerns about whether its current stock price accurately reflects its future earnings potential. 
Black&#8217;s argument adds to this ongoing debate, highlighting the importance of traditional valuation metrics like P/E in assessing a company&#8217;s worth.
While Black clarified that he doesn&#8217;t foresee a situation where he would short Tesla, his comments underscore the need for investors to exercise caution and conduct thorough valuation assessments before making investment decisions.
Read Next:
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Image: Shutterstock/bluestork

Markets

AAPL

MSFT

TSLA

Gary Black Questions Tesla's Sky-High Forward P/E Ratio: 'Long-Term Growth Rate Needed To Justify a 180X P/E Would Cause Tsla Market Cap To Be Bigger'

Former NBA superstar Shaquille O&#8217;Neal has sold one of his Tesla Cybertrucks to fellow basketball player Trendon Watford, marking a shift in his vehicle preferences.
Shaq, renowned for his extensive car collection, chose to part ways with one of his three Tesla Cybertrucks. The vehicle, which had been customized and wrapped in a glossy maroon finish, was sold to Brooklyn Nets&#8217; Trendon Watford.
Despite previously expressing his admiration for the Cybertruck, Shaq recently voiced dissatisfaction with the vehicle&#8217;s range of 301 miles. 
As a result, he has transitioned to the Cadillac Escalade IQ, which features&nbsp;a 200KWH battery pack and&nbsp;a superior range of 460 miles.
The transaction was managed by Effortless Motors, who had listed the car for sale approximately a month ago. It is yet to be determined whether Shaq will sell his remaining Cybertrucks, following his recent change in sentiment towards the&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicle.
Also Read: <a href="https://www.benzinga.com/general/sports/25/03/44209990/nba-legend-shaqs-walmart-shopping-spree-ends-in-credit-card-decline-heres-how-much-he-tried-to-spend" target="_blank" rel="noreferrer noopener">NBA Legend Shaq&#8217;s Walmart Shopping Spree Ends In Credit Card Decline—Here&#8217;s How Much He Tried To Spend</a>
<a href="https://www.benzinga.com/general/sports/25/05/45483236/shaq-rolls-up-in-a-cybertruck-elon-musk-has-this-one-word-response">Last year Tesla owner Elon Musk responded</a> to a post showcasing Shaq's Cybertruck with a simple "Nice", acknowledging the widebody modification and red under glow that make it one of the most eye-catching vehicles on the road.
Shaq&#8217;s decision to sell his Cybertruck may reflect a broader trend among consumers who are seeking electric vehicles with longer ranges. 
The Cadillac Escalade IQ&#8217;s superior range could potentially make it a more attractive option for consumers who frequently travel long distances. 
This shift in preference could impact Tesla&#8217;s market share in the electric vehicle industry, particularly if other high-profile individuals follow Shaq&#8217;s lead.
Read Next
<a href="https://www.benzinga.com/general/sports/25/03/44348149/shaq-once-spent-1-million-in-a-day-on-luxury-then-realized-taxes-took-a-huge-cut" target="_blank" rel="noreferrer noopener">Shaq Once Spent $1 Million in a Day on Luxury, Then Realized Taxes Took a Huge Cut</a>
Image: Shutterstock/Jonathan Weiss

News

Here's Why Shaquille O'Neal Gave Up Elon Musk's Cybertruck And Passed It To Another NBA Star

Billionaire investor and entrepreneur, Mark Cuban, has recommended teenagers explore artificial intelligence (AI) as a potential side hustle that could prove to be highly profitable.
What Happened: Cuban stated&nbsp;that if he were a&nbsp;teenager today, he would consider starting an AI side hustle. 
During a CNBC interview, he <a href="https://www.cnbc.com/2024/10/22/mark-cuban-if-i-was-a-teenager-again-id-start-this-ai-side-hustle.html">proposed </a>a three-step strategy: mastering AI language model prompts, teaching peers how to use&nbsp;these prompts for school assignments,&nbsp;and then offering&nbsp;these services to small and&nbsp;medium-sized businesses that have not yet embraced AI.
&#8220;Then, I would go to&nbsp;businesses, particularly small- to medium-sized&nbsp;businesses that don&#8217;t understand AI&nbsp;yet. Doesn&#8217;t matter if I&#8217;m&nbsp;16, I&#8217;d be teaching them&nbsp;as well,&#8221; Cuban said. 
As per a <a href="https://www.lendingtree.com/debt-consolidation/young-side-hustles-survey/">report </a>by LendingTree, over half of the Gen Z population&nbsp;in the U.S. are currently&nbsp;engaged in side hustles. AI&nbsp;prompt engineering, a field that involves crafting queries for chatbots to generate specific responses, could be a lucrative opportunity. 
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/10/41196856/heres-how-mark-cubans-drunken-splurge-of-125-000-turned-into-a-profitable-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment</a>
ZipRecruiter <a href="https://www.ziprecruiter.com/t/Most-Popular-Types-Of-Ai-Prompt-Writing-Jobs">reports </a>that the average salary&nbsp;for AI tutors begins at&nbsp;around $30,000 per year,&nbsp;while full-time AI prompt engineers&nbsp;can earn up to $129,500.
While&nbsp;a college degree is not&nbsp;a prerequisite to become an&nbsp;AI prompt engineer, practice and&nbsp;often certifications are essential to&nbsp;comprehend how large language models&nbsp;function. Online certification programs from&nbsp;institutions like Vanderbilt University or&nbsp;IBM can assist&nbsp;in mastering the basics within&nbsp;a month.
Why It Matters: The advice from Cuban comes at a time when AI is increasingly becoming a part of our daily lives. From voice assistants to recommendation algorithms, AI is ubiquitous. 
With the growing demand for AI skills in the job market, Cuban&#8217;s advice could potentially guide teenagers towards a profitable and future-proof career. 
Furthermore, his strategy not only promotes self-learning and entrepreneurship among teenagers but also encourages them to help local businesses adopt AI, thereby fostering a community that is ready for the future.
Read Next
<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires" target="_blank" rel="noreferrer noopener">Here&#8217;s How Mark Cuban Made 91% Of His Employees Millionaires</a>
Image: Shutterstock

Success Stories

Personal Finance

Mark Cuban Reveals the Side Hustle He'd Start at 16 — And It Doesn't Require a Degree

Elon Musk is alleged to have fathered a child with a Japanese pop star. The news, which surfaced on Friday, also includes Musk&#8217;s offer to <a href="https://www.benzinga.com/general/entertainment/25/02/43756965/conservative-influencer-says-musk-is-father-of-her-newborn-child">donate his sperm to &#8220;anyone.&#8221;</a>
Ashley St. Clair, who alleges to have a son with Musk, disclosed these details in a New York Times article on Friday.
Musk is claimed to have told her that he has fathered children worldwide, including&nbsp;with a Japanese pop star, and is willing to donate&nbsp;his sperm to anyone who&nbsp;wishes to have a child.
St. Clair also claimed that&nbsp;Musk was deeply worried about the declining birth rate and advocated for people to have more children. She further alleged that Musk insisted on keeping their relationship and his paternity a secret, even during her childbirth.
"He made it seem like it was just his altruism and he generally believed these people should just have children," St. Clair told the <a href="https://www.nytimes.com/2025/05/30/us/elon-musk-drugs-children-trump.html">outlet</a>.
Also Read: <a href="https://www.benzinga.com/news/24/07/40001741/grimes-mother-accuses-musk-of-withholding-children-amid-custody-battle-please-elon-i-beg-you" target="_blank" rel="noreferrer noopener">Grimes&#8217; Mother Accuses Musk Of Withholding Children Amid Custody Battle: ‘Please Elon, I Beg You&#8217;</a>
According to St. Clair, Musk offered her $15 million and an additional $100,000 monthly&nbsp;until their son turned 21&nbsp;to maintain her silence. 
However, she declined the offer and made the news public in February. She has also filed a lawsuit against Musk&nbsp;for child support and sole&nbsp;custody.
This revelation could potentially impact Musk&#8217;s public image and his role as the CEO of Tesla Inc. and SpaceX. The allegations, if proven true, may raise ethical questions about Musk&#8217;s conduct and his views on parenthood. 
The lawsuit filed by St. Clair could also lead to legal complications for the billionaire entrepreneur. The situation warrants close monitoring as it unfolds.
Read Next
<a href="https://www.benzinga.com/general/entertainment/25/02/43769279/elon-musk-addresses-conservative-influencer-st-clairs-allegations">Elon Musk Addresses Conservative Influencer St. Clair&#8217;s Allegations</a>
Image: Shutterstock/Frederic Legrand &#8211; COMEO

Ex Says Musk Told Her He Fathered Child With Japanese Pop Star, Said He Would Give Sperm To Anyone Who Wanted It

President Donald Trump said that he has no knowledge of Elon Musk engaging in drug use during the 2024 election cycle, brushing off a media report alleging Musk&#8217;s <a href="https://www.benzinga.com/cannabis/25/05/45700477/elon-musk-was-using-drugs-while-on-campaign-trail-with-trump-including-ecstasy-and-psychedelic-mushrooms" target="_blank" rel="noreferrer noopener">drug consumption while on the campaign trail</a>.
According to a recent piece by The New York Times, the billionaire entrepreneur <a href="https://www.nytimes.com/2025/05/30/us/elon-musk-drugs-children-trump.html" target="_blank" rel="noreferrer noopener">reportedly</a> consumed drugs such as ketamine, ecstasy, and psychedelic mushrooms during the campaign season, possibly while working with Trump.
The publication also noted uncertainty around whether these substances were used while Musk was involved with the Department of Government Efficiency.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/05/38907748/days-after-facing-lawsuit-for-drug-use-musk-says-he-would-take-cocaine-if-it-boosted-long-term-produ" rel="noreferrer noopener">Days After Facing Lawsuit For Drug Use, Musk Says He Would Take Cocaine If It Boosted &#8216;Long-Term Productivity&#8217;</a>
Trump, speaking to journalists on May 30 after an event in Pennsylvania, dismissed the allegations, praising Musk and stating, &#8220;I&#8217;m not troubled by anything with Elon,&#8221; USA Today <a target="_blank" href="https://www.usatoday.com/story/news/politics/2025/05/30/donald-trump-not-aware-of-elon-musks-reported-campaign-drug-use/83956424007/" rel="noreferrer noopener">reports</a>.
Musk, who heads Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, and also owns social media platform X, was present at an Oval Office event the same day.
When pressed by a reporter about the drug claims, he deflected the question and criticized the Times&#8217; previous reporting, particularly its coverage of alleged Russian interference in the 2016 election, the report adds.
In a social media post in X on May 31, Musk mocked the alleged claims made about his drug use.
&#8220;I&#8217;m in meetings with dozens to hundreds of people every day and am photographed constantly. If this bs from NYT were true, it would have been EXTREMELY obvious,&#8221; Musk wrote.
The tech mogul acknowledged in March 2024 that he takes prescription ketamine for depression.
His past conduct also includes a much-publicized incident in 2018 where he smoked marijuana during a podcast interview, which raised concerns among board members and shareholders.
The White House has not issued any formal statement on the matter. No additional evidence has been presented to substantiate the claims of drug use during government work.
Musk continues to be a polarizing figure, not only because of his business ventures but also due to his political engagements and public statements. His increasing visibility in Washington has only intensified scrutiny around his personal habits.
Read Next:
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Image: Shutterstock/Joshua Sukoff

Politics

Trump Says He's 'Not Troubled' By Musk's Alleged Drug Use During Campaign: Report

What do you get when you mix $1,000, an unemployed golf buddy, <a href="https://www.benzinga.com/personal-finance/25/04/45110288/99-year-old-billionaire-charlie-munger-said-iron-rule-of-life-is-everybody-struggles-but-you-have-to-soldier-through-its-your-only-option">and Charlie Munger's brain</a>? Apparently, a passive income stream that lasted decades. No hedge fund, no Wall Street pitch deck — just Munger, long before his Berkshire Hathaway days, spotting a scrappy oil royalty deal and turning it into one of the most quietly outrageous investments of his life.
And the best part? He didn't go it alone — he brought his unemployed friend along for the million-dollar ride.
Back in 1962, Munger was still practicing law in Los Angeles when he met Al Marshall, an out-of-work oil industry worker trying to buy mineral rights at auction.&nbsp;
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Munger, seeing the flaws in Marshall's strategy but liking the bones of the deal, decided to go in with him. Each put up $1,000 and bought into oil royalties through what was then a legal tax shelter known as an AB trust, which was later outlawed.
And the returns? Straight-up legendary.
"Fifty years later we were getting $100,000 a year on that investment," Munger told the crowd at the 2016 Daily Journal shareholder meeting. "The trouble with that story is that it only happened once."
He delivered it with a chuckle, but the message was clear: not every great investment is repeatable — which is exactly why you act when you spot one.
Munger touched on the story again during his final Daily Journal meeting in 2023, a full-circle moment near the end of his career, where he once more emphasized the rarity of those life-changing opportunities.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
The story is backed by Janet Lowe's 2000 biography "Damn Right!," where Marshall said, "We only put up $1,000 each, and we've each probably made a half a million out of it." He added, "I'm still getting $2,000 to $3,000 a month from that," confirming the checks were still rolling in decades later.&nbsp;
That's right — from a $1,000 investment, Munger's family was still cashing royalty checks well into the 21st century. All from a single, overlooked opportunity.
Of course, Munger never sugarcoated it. "The trick in life," he told that 2016 crowd, "is when you get the one, or two, or three [big opportunities] that your fair allotment for a life is — that you've got to do something about it."
And if you're still grinding toward that first big win? He had advice for that, too: <a href="https://www.benzinga.com/personal-finance/25/02/43759618/charlie-munger-said-the-hardest-part-of-getting-rich-is-the-first-100000-but-from-there-it-snowballs-and-you-can-ease-off-the-gas">"The first $100,000 is a b&#x2A;tch, but you gotta do it."</a>
Hard work. A sharp eye. A little luck. And when the rare opportunity does show up? Move fast — because even for Charlie Munger, it only happened once.
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Image: Shutterstock

Charlie Munger Turned $1,000 Into Over $1 Million — And Made His Unemployed Friend Rich Too: 'Trouble With That Story Is It Only Happened Once'

A cold email to billionaire Mark Cuban by Aaron Levie, co-founder cloud storage and file-sharing business Box, was the catalyst for the company&#8217;s current valuation of $4.6 billion.
What Happened:&nbsp;Back in 2005, Levie, then a University of Southern California student, was on the hunt for funding for his startup. He took the initiative to send cold emails to potential investors, including Cuban.
Within a few hours, Cuban replied, suggesting a partnership on a data-hosting project. This idea later evolved, and Cuban invested $350,000 in Box without ever meeting the co-founders face-to-face. 
This investment marked a significant milestone for Box, encouraging Levie to leave college and dedicate his full attention to the company.
Levie&#8217;s pitch to Cuban was straightforward: with the cost of online data storage dropping and internet speeds increasing, there was a golden&nbsp;opportunity for a company to&nbsp;simplify secure online data storage. Despite receiving hundreds of email pitches daily, Cuban was swayed by this proposition.
Also Read: <a href="https://www.benzinga.com/news/25/03/44348044/mark-cuban-reveals-what-hed-do-as-a-gen-zer-to-get-ahead-even-while-sleeping-if-i-was-16-18-20-21-starting-today-i-would-spend-every-waking-minute-learning-it">Mark Cuban Reveals What He&#8217;d Do As A Gen Zer to Get Ahead—Even While Sleeping: &#8216;If I Was 16, 18, 20, 21 Starting Today, I Would Spend Every Waking Minute Learning It&#8217;</a>
"That was wild, because it happened so fast," Levie <a href="https://www.cnbc.com/2025/05/19/box-co-founder-cold-email-to-mark-cuban-landed-startup-investment.html">told </a>CNBC. &#8220;Cuban's funding represented Box's breakthrough investment," he added. 
However, Cuban had a change of heart about a year after his investment due to disagreements over Box&#8217;s business model. In 2006, Box secured additional funding, and Levie used a portion of this capital to repurchase Cuban&#8217;s stake.
Despite the fallout, Cuban&#8217;s initial investment was instrumental in Box&#8217;s early growth. The company has been profitable since 2023, with a reported&nbsp;net income of $129 million&nbsp;in 2024.
Why It Matters:: Mark Cuban&#8217;s initial investment in Box underscores the power of cold emailing and the potential it holds for startups seeking funding. 
Despite Cuban&#8217;s eventual exit, his early confidence in the company provided the necessary boost for Box&#8217;s growth. 
This story serves as a reminder of the importance of persistence, a clear vision, and the courage to seize opportunities in the entrepreneurial world.
Read Next
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Image: Shutterstock/T. Schneider

This 20-Year-Old Emailed Mark Cuban, Got $350K — Now His Company Is Worth $4.6 Billion

Jeff Bezos is one of the richest people in the world thanks to his stake in Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), a company he founded and transformed from an<a href="https://www.benzinga.com/news/21/04/20675447/5-things-you-might-not-know-about-jeff-bezos"> online book seller</a> into one of the largest retailers in the world.
Tips on how to conduct meetings for increased productivity could be one way that Bezos and Amazon have been successful over the years.
What Happened: Amazon&#8217;s success and increased valuation may be attributed to Bezos&#8217;s leadership. He led the company for 27 years before stepping down as <a href="https://www.benzinga.com/general/education/22/11/29691021/walking-away-on-top-if-you-invested-1-000-in-amazon-when-bezos-stepped-down-heres-how-much-youd" target="_blank" rel="noreferrer noopener">CEO in July 2021.</a>
Bezos&#8217; leadership and business practices may be among the reasons Amazon survived the dot-com bubble and later diversified into other new sectors, such as streaming and the cloud.
A company such as Amazon likely holds many meetings with executives, employees, and potential partners. One practice Bezos did during meetings with employees was to speak last, something his current fiancée Lauren Sánchez  said was one of the best business lessons she&#8217;s learned from him.
&#8220;I hold a lot of meetings, and I would talk first in a meeting, and (Bezos) goes, ‘No, no, no. You&#8217;re the boss. You talk last. You let everyone else talk, so that they don&#8217;t get swayed by your opinion,'&#8221; Sánchez&nbsp;<a href="https://www.wsj.com/articles/lauren-sanchez-interview-jeff-bezos-11674587199" target="_blank" rel="noreferrer noopener">said&nbsp;</a>in an interview with the Wall Street Journal.
Sánchez said living with Bezos has been like &#8220;having a master class every day.&#8221;
&#8220;What he&#8217;s taught me a lot about is management.&#8221;
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Why It&#8217;s Important: Bezos previously shared that changing meeting practices helped Amazon succeed and could have been &#8220;the smartest thing we ever did&#8221; at the company.
Bezos shared in 2018 that Amazon discontinued PowerPoint presentations and instead opened meetings with a 30-minute silent reading period. This gave employees time to read through a detailed memo covering the discussion topics prior to the start of the meeting.
Similar to Bezos's speech last time, these meetings would see employees share reactions to the memo before the CEO shares his thoughts.
Bezos said the silent reading helped create &#8220;the context for what will then be a good discussion.&#8221;
The former Amazon CEO said the silent reading period ensured attendees read through the notes rather than ignoring emails.
&#8220;Executives will bluff their way through the meeting as if they&#8217;ve read the memo, because we&#8217;re busy, and so you&#8217;ve got to actually carve out the time for the memo to get read.&#8221;
Bezos also recommended&nbsp;keeping meetings as short as possible once the silent reading period is done. Sanchez said Bezos told her the key was to keep meetings under an hour if possible.
CNBC&nbsp;<a href="https://www.cnbc.com/2019/10/14/jeff-bezos-this-is-the-smartest-thing-we-ever-did-at-amazon.html" target="_blank" rel="noreferrer noopener">reported&nbsp;</a>that other business leaders such as&nbsp;Twitter&nbsp;co-founder and former CEO&nbsp;Jack Dorsey&nbsp;also shared a similar belief in starting meetings with a silent reading period to go over the meeting agenda.
&#8220;This practice makes time for everyone to get on the same page, allows us to work from many locations, and gets to truth/critical thinking faster,&#8221; Dorsey&nbsp;said.
The business advice from Bezos could be worth it for&nbsp;bosses and companies to consider with Amazon shares up 945% in the past 10&nbsp;years and the company now one of the largest in the world.&nbsp;
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This article was previously published by Benzinga and has been updated.
Photo: Lev Radin / Shutterstock.com

Education

AMZN

Jeff Bezos Advice On Getting True Opinions From Employees: 'Time For Everyone To Get On The Same Page'

Defense Secretary Pete Hegseth issued a stark warning over the weekend, labeling China&#8217;s potential military move against Taiwan as an &#8220;imminent&#8221; threat and encouraging Indo-Pacific nations to bolster their defenses in <a href="https://www.benzinga.com/crypto/cryptocurrency/25/05/45709673/us-should-stockpile-bullets-not-bitcoin-jamie-dimon-says" target="_blank" rel="noreferrer noopener">close coordination with the United States</a>.
Delivering his remarks at the Shangri-La Dialogue in Singapore, Hegseth claimed that Beijing is accelerating military preparations aimed at altering Asia&#8217;s power dynamics through force, especially toward Taiwan, which China claims but does not govern, <a href="https://www.bbc.com/news/articles/c071xm4x7g7o" target="_blank" rel="noreferrer noopener">reports</a> BBC.
Hegseth warned that Chinese President Xi Jinping has allegedly set 2027 as the year by which China&#8217;s military should be capable of taking Taiwan. Although this timeline is cited by U.S. officials, Beijing has not confirmed it, BBC adds.
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He said China is &#8220;training for it, every day&#8221; and added, &#8221;&nbsp;The threat China poses is real. And it could be imminent. We hope not but certainly could be,&#8221; BBC quoted Hegseth.
China responded sharply, calling the U.S. the region&#8217;s &#8220;biggest troublemaker.&#8221;
In a Facebook post, its embassy in Singapore accused Hegseth of stoking confrontation and distorting China&#8217;s intentions, citing America&#8217;s military activity in the South China Sea as destabilizing, the report adds.
Hegseth pressed Asian partners to significantly increase military investment, referencing Europe&#8217;s rising defense budgets in response to Russian aggression. &#8220;Europe is stepping up,&#8221; he said.
He criticized allies for relying too heavily on U.S. protection and urged them to become &#8220;partners, not dependents.&#8221;
Sen. Tammy Duckworth (D-Ill.), also in attendance, criticized Hegseth&#8217;s speech as patronizing and said it strayed from core American values like human rights and international law.
She said, &#8220;We need to stand with our allies, work together, and send the message that America is not asking people to choose between the PRC (People&#8217;s Republic of China) and us,&#8221; BBC quoted Duckworth.
While China scaled back its involvement in the summit—sending a low-level delegation and canceling a key speech—U.S. officials said many Asian governments welcomed the firm stance on Beijing.
Still, analysts cautioned that while America&#8217;s message may resonate, regional compliance remains uncertain.
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Hegseth Urges Asia To Arm Up as China Eyes Taiwan

Joe Rogan and British comedian Jimmy Carr held nothing back in their latest conversation on &#8220;<a href="https://www.youtube.com/watch?v=r63cwSWbFME">The Joe Rogan Experience</a>,&#8221; tackling outrage culture, taxes, and what they see as government mismanagement.
<h2 class="wp-block-heading">Victimhood Over Talent?</h2>
Rogan and Carr criticized the modern trend of gaining attention through outrage or victimhood instead of talent or effort.
&#8220;This is a society that rewards outrage and that coddles people for the most preposterous beliefs,&#8221; Rogan said. &#8220;It's a weird society of social media and the amount of attention you can generate.&#8221;
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Carr referenced a bit from comedian Chris Rock, saying there are three ways to get attention: You could be brilliant, infamous, or a victim.&nbsp;
Carr argued that the difference between ambition and entitlement comes down to responsibility. &#8220;If you want to do something about it, that's ambition. If you think that's someone else's problem, that's entitlement,&#8221; he said.&nbsp;
He said he has empathy for people dealt a tough hand but believes in empowering them to play those cards as best they can.
Trending: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">Taxes And The System</h2>
One of the most passionate parts of the episode came when Rogan slammed the idea of simply <a href="https://www.benzinga.com/news/24/08/40408996/jamie-dimon-supports-warren-buffett-rule-of-taxing-the-rich-he-says-it-will-fix-americas-debt-proble">taxing the rich to fix America's problems</a>.
&#8220;What are you going to do? You're going to enrich [the government],&#8221; Rogan said. &#8220;They're just going to get bigger and stronger and have even more power&#8230; It's not going to help you if they tax rich people.&#8221;
&#8220;Are the poor people going to get that money? No. Are their services going to improve? No, you&#8217;re just going to get more government,&#8221; he continued.
Then Rogan hit on what he sees as the real issue: <a href="https://www.benzinga.com/news/25/05/45597839/elon-musk-wants-the-us-government-to-hang-up-the-phone-government-is-wasting-about-100-million-per-y">government waste and mismanagement</a>. &#8220;Figure out what to do with the money they already get from everybody,&#8221; he said. &#8220;And you&#8217;re not doing a good job with it. That&#8217;s the problem, the problem isn&#8217;t that the rich people aren&#8217;t paying their taxes.&#8221;
Carr, who faced his own tax scandal in 2012, joked that you know you&#8217;re in real trouble when &#8220;the prime minister of the country that you live in breaks off from the G20 summit to come out and do a press conference where he talks about nothing other than your personal tax affairs.&#8221;
&#8220;It was tax avoidance, not tax evasion,&#8221; Carr clarified. &#8220;There's a difference, and the difference is about 18 months in prison.&#8221;
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<h2 class="wp-block-heading">Other Countries, Smaller Systems</h2>
Carr pointed to Scandinavian countries like Norway and Denmark as examples where high taxes actually deliver real public services, without much public resentment. Rogan responded that these are smaller, more manageable societies.
&#8220;When you scale that to like hundreds of millions of people, things get really weird,&#8221; Rogan said.
Carr also praised the European country of Estonia for offering a free, English-language medical school to attract foreign students. The idea behind it, as he says, is that some will stay, work, and contribute to the local economy.
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Joe Rogan Tells The Government To 'Figure Out What To Do With The Money They Already Get From Everybody,' Before They 'Tax The Rich People'

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk is doubling down on his belief that artificial intelligence and robotics will reshape the global economy—and soon.
&#8220;Accelerating GDP growth is essential,&#8221; Musk <a href="https://x.com/elonmusk/status/1925977691162816639">posted on X</a> on May 23. He claimed that the U.S. government&#8217;s overspending could result in a financial crisis unless there&#8217;s a massive jump in productivity. He did, however, mention that the Department of Government Efficiency &#8220;has and will do great work to postpone the day of bankruptcy of America.&#8221;
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The X post came in <a href="https://x.com/BarrettHoffarth/status/1925595695610044438">response</a> to someone wondering whether &#8220;Elon has somewhat moved away from politics in order to accelerate GDP growth with humanoid robots&#8221; after another person <a href="https://x.com/farzyness/status/1925593927232442488">wrote</a> that &#8220;Given the disastrous GOP bill, the only chance the US has is explosive GDP growth.&#8221;
<h2 class="wp-block-heading">Musk's Timeline: AI And Robots Impact In 1 To 5 Years</h2>
When asked how soon humanoid robots could start affecting &#8220;the GDP of any country,&#8221; Musk replied, &#8220;4 to 5 years.&#8221; He added that &#8220;robot cars&#8221; using Tesla&#8217;s Full Self-Driving technology, could have a &#8220;noticeable effect&#8221; within one to two years.
In an <a href="https://www.youtube.com/watch?v=BDREZmpkIz8">interview</a> with Sen. Ted Cruz (R-TX) in March, <a href="https://www.benzinga.com/tech/25/03/44526637/elon-musk-says-ai-will-be-smarter-in-10-years-than-humans-who-will-have-a-much-higher-standard-of-living">Musk said that within 10 years</a>, &#8220;AI could probably do anything better than the human can cognitively,&#8221; and predicted a future where humanoid robots are as common as personal assistants. &#8220;Ultimately, there will be tens of billions,&#8221; he said.
He also predicted that 90% of all miles driven could be autonomous within a decade. &#8220;Goods and services will become close to free,&#8221; Musk told Cruz. &#8220;It&#8217;s not that people will have a lower standard of living, they&#8217;ll have actually a much higher standard of living.&#8221;
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<h2 class="wp-block-heading">Saudi Showcase</h2>
Earlier this month, Musk <a href="https://www.benzinga.com/25/05/45400104/elon-musk-says-mohammed-bin-salman-and-trump-were-impressed-with-tesla-optimus-as-the-humanoid-robot-danced-to-ymca">showcased Tesla&#8217;s Optimus humanoid robots</a> to Saudi Crown Prince Mohammed bin Salman and President Donald Trump during a demonstration in Riyadh. The robots even danced to &#8220;YMCA.&#8221;
&#8220;I think they were very impressed,&#8221; Musk said at a Saudi economic forum. He also joked that one of the robots performed the &#8220;Trump dance.&#8221;
Musk envisions a world where humanoid robots are everywhere, calling them personal versions of &#8220;Star Wars&#8221; robots C-3PO or R2-D2. He believes robotics could create an economy &#8220;10 times the size of the current global economy&#8221; and result in &#8220;universal high income.&#8221;
Still, challenges remain. During a recent Tesla <a href="https://seekingalpha.com/article/4777030-tesla-inc-tsla-q1-2025-earnings-call-transcript">earnings call</a>, Musk admitted that supply chain issues—including <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">China&#8217;s export restrictions on rare earth magnets</a>—are slowing down Optimus production.
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<h2 class="wp-block-heading">Pushback From Experts</h2>
However, some experts have questioned Musk&#8217;s timelines regarding FSD. AI pioneer Yann LeCun, for instance, accused Musk last year of lying for years about the capabilities of Tesla&#8217;s FSD technology.&nbsp;
In September, he <a href="https://x.com/ylecun/status/1837221941695975884">posted</a> on X, &#8220;Elon: &#8216;I&#8217;ve kept lying to you again and again about Tesla&#8217;s &#8216;Full Self Driving&#8217; capabilities for the last 8 years, but you should believe everything I say about politics and everything else.'&#8221;
LeCun was responding to an <a href="https://x.com/RealDanODowd/status/1836931211232526755">article</a> by Green Hills Software CEO Dan O&#8217;Dowd, who called Musk a &#8220;snake oil salesman&#8221; for failing to deliver promised features like &#8220;Actually Smart Summon.&#8221;
Musk, however, continues to press forward, making it known he believes AI and robotics aren&#8217;t just the future—they&#8217;re the last hope to prevent economic collapse. He also <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">recently confirmed</a> that Tesla is on track to rollout fully-autonomous vehicles in Austin, Texas, in June.
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Elon Musk Says Humanoid Robots Will Start Impacting Countries' GDPs In 4 To 5 Years. 'Robot Cars' Even Sooner—In Just 1 To 2 Years

Elon Musk, the world&#8217;s wealthiest individual and the CEO of Tesla Inc., SpaceX, and xAI, has stepped down from his official role with President Donald Trump&#8217;s Department of Government Efficiency (DOGE).
What Happened: Musk&#8217;s decision comes amidst significant fluctuations in his net worth and a series of controversies.
During his time as a presidential advisor, Musk&#8217;s wealth saw dramatic ups and downs, primarily driven by his substantial stakes in his companies, especially Tesla. 
After the 2024 election, Tesla&#8217;s stock skyrocketed,&nbsp;adding $350 billion to its&nbsp;market value within a week and pushing Musk&#8217;s&nbsp;net worth past $300 billion&nbsp;for the first time in&nbsp;over three years. 
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According to a report <a href="https://fortune.com/2025/05/30/heres-what-elon-musks-doge-tenure-has-done-for-his-net-worth/">by</a> Fortune, by December, his wealth had soared to a record-breaking $440 billion.
However, Musk&#8217;s association with the government led to a decline in Tesla&#8217;s value. His controversial approach to reform sparked widespread protests and&nbsp;acts of vandalism against Tesla&nbsp;dealerships, resulting in a significant drop in Tesla&#8217;s value and erasing $100 billion of Musk&#8217;s wealth by mid-March.
Why It Matters: Despite these setbacks, Musk&#8217;s net worth has bounced back to $386 billion, as per&nbsp;the Bloomberg Billionaires Index. 
He&nbsp;has vowed to cut back on political spending and has committed to continue serving as Tesla&#8217;s&nbsp;CEO for the next five&nbsp;years. 
This commitment to his companies and the reduction in political involvement could potentially stabilize Tesla&#8217;s stock and reassure investors.
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$BTC

Elon Musk's Government Efficiency Push: A Closer Look at His Financial Gains and Losses

You come into a chunk of money — maybe it's a bonus, an inheritance, or finally cashing out of something that actually worked. You're feeling hopeful, maybe even a little proud, and you do what responsible people do: you start <a href="https://www.benzinga.com/personal-finance/25/03/44150876/suze-orman-says-youll-likely-spend-350k-a-year-in-retirement-so-save-millions-you-dont-know-how-long-youre-gonna-live">thinking about how to grow it for retirement</a>. The logical next step? You walk into a financial advisor's office and ask, "What should I do with $150,000?"
Big mistake, <a href="https://www.benzinga.com/personal-finance/25/05/45485339/mom-asks-suze-orman-did-we-create-a-monster-23-year-old-daughter-has-250k-saved-but-refuses-to-pay-for-dates-or-family-outings">according to Suze Orman</a>.
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"This is a dangerous question," Orman warned <a href="https://www.suzeorman.com/blog/Podcast-Episode-Ask-KT-Suze-Anything-How-Do-I-Choose-a-Financial-Planner">during an episode of her podcast</a> when a listener named Cheryl posed exactly that. "Let's say it wasn't me that you're writing into," she said. "Let's say you just came into $150,000 and you walk into some financial advisor's office… and the person says to you, ‘What can I do for you?' And you say, ‘I have $150,000. How should I invest it?'"
That, Orman says, is how people get taken for a ride.
"If they tell you immediately, ‘Oh great. You should buy this. You should do an annuity, you should do that' — all things that probably will make that advisor a lot of money in commission — you are setting yourself up to really possibly be taken advantage of."
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In other words, the problem isn't the question itself — it's how incomplete it is. Orman explained that before anyone gives you investment advice, they should know the full picture of your financial life.
"You need to tell me… how old are you? Do you have any debt? Are you healthy? Do you own a home? Do you have a mortgage on that home? What is the interest rate on that mortgage? Is your job secure? Do you have a will? Do you have a trust? Do you need a new car?"
Without that context, she says, "Never just ask anybody, ‘What should I do with $150,000?'"
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Instead, she urges people to think about the basics first. If you have high-interest credit card debt? Pay it off. Still carrying a mortgage into your sixties? That might be the smarter use of your windfall. "Let's possibly pay off the mortgage on that home," she said. "Oh, you have $30,000 of credit card debt? Let's pay off the credit card debt. Oh, <a href="https://www.benzinga.com/personal-finance/25/05/45364901/would-you-buy-a-car-with-your-roth-ira-suze-orman-calls-it-the-worst-financial-advice-ive-ever-heard">you need a new car</a>? Whatever it may be."
Orman's message isn't to scare people out of investing — it's to remind them that good advice is personal, and any one-size-fits-all answer is a red flag. So if you find yourself with a windfall to grow, take a breath before diving into stocks, annuities, or whatever hot thing your buddy at the gym swears by.
Figure out your priorities. Ask the right questions. And make sure whoever you're asking <a href="https://www.benzinga.com/money/are-you-rich">takes the time to ask you a few back</a>.&nbsp;
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Suze Orman Was Asked Where's The Best Place To Invest $150,000 For Retirement — But She Warns That Question Could Get You Ripped Off

Elon Musk took to X to criticize a recent New York Times report alleging he frequently used ketamine during the 2024 campaign.
What Happened: On Friday, Musk responded to a comment by Pierre Ferragu, who called the New York Times&#8217; piece on Musk &#8220;pathetic.&#8221; Musk agreed with Ferragu&#8217;s sentiment, stating that if the allegations made by the newspaper were true, it would have been &#8220;EXTREMELY obvious.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm in meetings with dozens to hundreds of people every day and am photographed constantly. If this bs from NYT were true, it would have been EXTREMELY obvious &#x1f923;&#x1f923;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1928652981504770384?ref_src=twsrc%5Etfw">May 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
During a farewell event at the Oval Office marking the end of his formal role in the Trump administration, Musk deflected a question about the Times report.
Also Read: <a href="https://www.benzinga.com/news/24/05/38907748/days-after-facing-lawsuit-for-drug-use-musk-says-he-would-take-cocaine-if-it-boosted-long-term-produ">Days After Facing Lawsuit For Drug Use, Musk Says He Would Take Cocaine If It Boosted &#8216;Long-Term Productivity&#8217;</a>
&#8220;The New York Times. Is that the same publication that got a Pulitzer Prize for false reporting on the Russiagate?&#8221; Musk asked while standing alongside President Donald Trump.
The report claimed Musk used ketamine — both recreationally and medically — as often as daily in 2024. Citing anonymous sources, the report also mentioned Musk's alleged use of ecstasy and psychedelic mushrooms and noted that his ketamine intake had affected his bladder.
Concerns have circulated among some of Musk's inner circle about the potential fallout his alleged drug use might have on his vast business empire — spanning Tesla, SpaceX, X, and more. Despite the speculation, Musk has remained unfazed, downplaying any risks and emphasizing that performance and delivery, not personal habits, are what truly matter.
Why It Matters: The tech mogul&#8217;s criticism of the New York Times adds to the ongoing debate about the role and responsibility of media in reporting on public figures.
Despite the lack of specific context provided for Musk&#8217;s post, it&#8217;s clear that the tech mogul is not afraid to voice his opinions and defend his reputation. 
This incident serves as a reminder of the power and influence that individuals like Musk wield, not just in the business world, but in the realm of public discourse as well.
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Image: Shutterstock/Sonis Photography

Elon Musk Denies Ketamine Allegations: 'If This BS From NYT Were True, It Would Have Been Extremely Obvious'

Mark Cuban isn&#8217;t a doctor, but he may be one of the most outspoken advocates for <a href="https://www.benzinga.com/personal-finance/24/12/42742855/mark-cuban-says-this-is-single-payer-how-his-healthcare-model-could-transform-the-u-s-healthcare-system">fixing America&#8217;s broken healthcare system</a>. In a recent episode of the &#8220;How I Doctor&#8221; <a href="https://www.offcall.com/learn/podcast/mark-cuban-interview-how-shark-tank-star-and-cost-plus-drugs-ceo-would-fix-healthcare">podcast</a> hosted by Dr. Graham Walker, Cuban laid out what he believes is fundamentally wrong with U.S. healthcare—and what we can do about it.
<h2 class="wp-block-heading">Cuban Says Healthcare Should Be Simple</h2>
&#8220;Healthcare is really a simple business,&#8221; Cuban said. &#8220;You go to the doctor, hopefully the doctor says nothing&#8217;s wrong. If there&#8217;s a complication or some need, the doctor tells you what you need&#8230; There&#8217;s really only two questions: What&#8217;s it going to cost and how are you going to pay for it? That&#8217;s it.&#8221; He calls it a &#8220;two-questioned industry.&#8221;
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But instead of staying that simple, the system has become a web of complications. &#8220;Every complication you add is an opportunity for arbitrage,&#8221; he said. In other words, more complexity results in more people taking a slice of the money flowing through the system.
And doctors? They&#8217;re stuck dealing with the mess. &#8220;Let me just tell you upfront, doctors are underpaid,&#8221; he said.&nbsp;
&#8220;I want that motherf&#x2A;&#x2A;&#x2A;er doctor to make $10,000,&#8221; Cuban said about heart surgeons getting paid a fraction of what hospitals bill for transplants. &#8220;So he&#8217;s paying attention or she&#8217;s paying attention and not worried about getting to the next heart transplant or worried about the patient that&#8217;s got a boo-boo.&#8221;
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<h2 class="wp-block-heading">Insurance Companies Are the Real Problem</h2>
Cuban was brutally honest when it came to insurance companies: &#8220;<a href="https://www.benzinga.com/25/05/45458113/mark-cuban-blasts-health-insurance-companies-as-the-worst-of-the-worst-says-it-should-be-criminal-to-charge-5k-deductibles-to-people-making-25k">The insurance companies are the worst</a> of the worst of the worst, of the worst of the worst.&#8221;
He explained that insurers design plans with deductibles and out-of-pocket costs that make healthcare unaffordable for people who need it most. Yet doctors are the ones left holding the financial risk. &#8220;Even if they&#8217;re broke as a joke and don&#8217;t have two nickels to rub together, you have to still care for them,&#8221; he said.
That debt becomes the doctor&#8217;s problem, not the insurance company&#8217;s. If all the pricing were transparent, doctors would be able to just take care of their patients, take notes, and put them in the electronic medical record.&nbsp;
He added that there would be nothing else for them to do, &#8220;because that&#8217;s what this whole conversation is about, how can we get doctors to be able to golf on Wednesdays like they used to?&#8221; Cuban referenced a time when doctors could practice medicine without being buried in billing issues.
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<h2 class="wp-block-heading">Med School Should Be Free</h2>
To Cuban, one fix is simple: increase the supply of doctors. He suggested <a href="https://www.benzinga.com/news/24/12/42678209/free-medical-school-for-all-mark-cuban-says-its-doable-for-just-2-5-billion-a-year-is-it-an-expense-or-a-strategic-cost-saving-move">making medical school free</a> to attract the best candidates regardless of financial background.&nbsp;
Cuban estimated the total cost of doing this would be around $24 billion over four years, based on roughly 10,000 students annually and $60,000 per student per year. &#8220;So you truly get the best of the best as opposed to the best of the people who can either afford it or are willing to take on the debt.&#8221;
Looking ahead, Cuban said doctors need to embrace AI, not fear it. &#8220;Learn everything you can about AI, period. End of story,&#8221; he said. He believes AI tools will soon be as normal in healthcare as phones and emails. Doctors who learn to integrate them will be better equipped to help more patients, more efficiently.
Cuban wrapped the interview by expressing gratitude. &#8220;Thank you for all the blood, sweat and tears you put in to keep us healthy, to keep us alive,&#8221; he said. &#8220;I know how hard it is. I can&#8217;t imagine the stress it creates.&#8221;
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For Mark Cuban, A Healthy Healthcare System Means Doctors Have Time For Golf On Wednesdays Like They Used To. Here's Why

Despite previously warning about the dangers of advanced Artificial Intelligence (AI) and robotics, Tesla Inc. CEO Elon Musk has invested in several AI startups following a stark warning from DeepMind's co-founder, Demis Hassabis.
What Happened:&nbsp;In an interview with CNBC in July 2017, Musk had expressed concerns about the existential risks posed by AI to human civilization back in 2017. He had forecasted significant job disruptions, with transportation roles among the first to be fully automated.
Musk, well-versed in advanced AI, called for proactive regulation, warning that waiting for serious incidents, like robot-caused harm, would be too late to act effectively. &#8220;AI is a fundamental existential risk for human civilization,&#8221; cautioned Musk.
However, it is ironic because by 2017, Elon Musk was already an early-stage investor who pumped millions into several AI startups like DeepMind, OpenAI, and Vicarious.
A 2023 New York Times <a href="https://www.nytimes.com/2023/12/03/technology/ai-openai-musk-page-altman.html">report</a> reveals that Musk decided to invest in AI firms despite his reservations after DeepMind&#8217;s co-founder Hassabis told him in 2012 that Musk&#8217;s plans to colonize Mars would work only if &#8220;superintelligent machines&#8221; didn&#8217;t follow human beings on their trip to the planet.
According to the publication, &#8220;Mr. Musk was speechless&#8221; and invested in DeepMind soon after alongside Peter Thiel, to &#8216;be closer&#8217; to the advancements of AI.
DeepMind was later acquired by Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google in 2014 for $500 million, despite Musk putting in a bid to buy it.
In 2014, Elon Musk <a href="https://www.cnbc.com/2014/06/18/first-on-cnbc-cnbc-transcript-spacex-ceo-elon-musk-speaks-with-cnbcs-closing-bell.html">told </a>CNBC that his investments are &#8220;not from the standpoint of actually trying to make any investment return. I like to just keep an eye on what's going on."
He also stated he was wary of a Terminator-like outcome.
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Why It Matters:  Despite his warnings, Musk launched his own AI startup, xAI, and unveiled its new chatbot, Grok, in March and November 2023, respectively.
In March 2025, he predicted in an&nbsp;<a href="https://www.benzinga.com/tech/25/03/44526637/elon-musk-says-ai-will-be-smarter-in-10-years-than-humans-who-will-have-a-much-higher-standard-of-living">interview</a>&nbsp;that AI could outperform humans cognitively in a decade. He also highlighted the potential for a higher standard of living due to AI, but cautioned about the risks.
Recently, Musk <a href="https://www.benzinga.com/tech/25/05/45599950/elon-musk-praises-google-deepminds-veo-3-ai-video-model-says-it-is-awesome">praised </a>Google DeepMind&#8217;s Veo 3 AI video model, calling it &#8220;awesome.&#8221; This tool generates high-resolution visuals and realistic audio, demonstrating the rapid progress of AI technology.
However, OpenAI&#8217;s Sam Altman echoed the sentiment and thought it&#8217;s better to actively participate in the field rather than do nothing.
&#8220;I sleep better knowing I can have some influence now,&#8221; Altman said.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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