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Musk says Twitter takeover will not go ahead without clarity on spam accounts

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Elon Musk’s Twitter takeover has briefly paused with the billionaire wanting to know how many fake BOT accounts are on the platform

Musk says his bid to buy Twitter was “temporarily on hold” pending details about how many spam and fake accounts are on the platform.

Managing Direction and analyst at Wedbush Securities, Dan Ives says he thinks Musk may have gotten cold feet or is trying to push the price down.

He says that bots and fake accounts on Twitter have played a factor.

“Twitter’s claim is that there’s less than five per cent. Musk said it could be as much as 20 per cent… I think this continues to be a bit of a scapegoat, you know, for him to try to get at a deal,” Ives says.

Over the weekend, he tweeted that Twitter’s legal team called to complain that he had violated their non-disclosure agreement. Twitter has declined to comment

Musk set to negotiate a lower Twitter purchase price

Ives says Musk is attempting to lower the price of the original billion dollar deal.

“Now the question is what is he ultimately offering and negotiating? And then what will the Twitter board do?”

Musk’s involvement with Twitter plays a significant role in how the company performs.

“Musk has a billion dollar breakup fee pretty small relative to the deal. If he walks, you could see Twitter stock go down in a few hours.”

“He’s hugely critical to the company,” he says.

However, Ives does believe that Musk ultimately wants to get the deal done.

“I think ultimately, Musk comes back somewhere in the mid 40 billions…and then ultimately, this becomes a back and forth between the Twitter board.”

Alternaviely, Ives suggests that if Twitter do not comprimise, Musk may walk from the Twitter deal all together.

Over the recent weeks Twitter stocks have been hit compared to other stocks.
“I’d it is historic in terms of what I’ve seen going on…I think quality tech is oversold here and markets are already pricing in a modest recession.”

Amanda Gunn contributed to this post.

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Nvidia to build AI supercomputers in the U.S. for first time

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

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Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.


Nvidia to build AI supercomputers in the U.S. for the first time — a $500 billion move that could redefine the global tech industry.

With new tariffs on imports from China and Taiwan, the chip giant is shifting production to Texas, partnering with Foxconn and Wistron.

Nvidia says the decision will strengthen its supply chain and boost domestic economic growth.

The announcement comes amid growing pressure to secure national tech infrastructure and reduce reliance on Asia. How will this impact jobs, prices, and America’s AI ambitions?

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‘Stuck in the past’: Has Apple lost its edge?

Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.

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Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.


Apple, once a symbol of innovation, is now under fire for uninspiring product updates.

The headline “Has Apple lost its edge? Critics say it’s stuck in the past” captures growing frustration over recycled designs and underwhelming features.

From the original iPhone to the lacklustre Apple Intelligence, critics now compare the company to IBM in the 1980s. Is it time for Tim Cook to step aside?

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#Apple #TimCook #TechNews #iPhone #AppleIntelligence #Innovation #BradGastwirth #TechDebate

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OpenAI explores social network to rival Elon Musk

OpenAI is considering a social network to rival Musk’s X, spurred by the success of its new image-generation feature.

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OpenAI is considering a social network to rival Musk’s X, spurred by the success of its new image-generation feature.

In Short

OpenAI is considering creating a social network to compete with Elon Musk’s X and Meta’s Instagram, following high demand for its new image-generation tool.

The company has raised $40 billion in funding and is facing increased server demands, prompting efforts to temporarily limit the tool’s usage.

OpenAI is contemplating the development of a social network to rival Elon Musk’s X and Meta’s Instagram, according to an informed source.

This initiative is reportedly in the early stages and has emerged following the success of OpenAI’s latest image-generation tool, which has stressed the company’s servers.

The announcement was first reported by The Verge, while OpenAI has chosen not to comment on the matter.

Image-generation

In March, OpenAI launched its new image-generation feature designed to create various visual content, including diagrams, infographics, and logos. This tool also enables users to produce artistic renditions from their uploaded images.

Recently, images generated by this feature have gained significant traction on social media, with OpenAI’s CEO Sam Altman recently using one for his profile photo on X. Altman noted the overwhelming popularity has led to increased server demands.

He mentioned that the company is currently looking to limit the feature’s usage temporarily while they enhance its efficiency.

The generative AI sector is highly competitive, particularly with the involvement of Musk’s xAI, which recently acquired X. The relationship between Altman and Musk has become contentious, particularly surrounding OpenAI’s move to become a for-profit entity.

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