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RFK Jr. Is Supporting mRNA Research—Just Not for Vaccines

RFK Jr. Is Supporting mRNA Research—Just Not for Vaccines

One of the targeted recipients, Tiba Biotech, had a $750,000 contract with BARDA that was slated to end October 30. The company was developing an RNAi-based therapeutic for H1N1 influenza, also known as swine flu. RNAi is short for RNA interference and refers to small pieces of RNA that can shut down the production of specific proteins. The approach has been well studied, and several RNAi-based drugs are on the market. The first was approved in 2018 to treat nerve damage caused by a rare disease called hereditary transthyretin-mediated amyloidosis.

The contract cancellation came as a surprise to Tiba, which received a stop-work order on August 5 that did not reference the wind-down of BARDA’s mRNA vaccine development activities. “Our project does not involve the development of an mRNA product and is a therapeutic rather than a vaccine,” said Jasdave Chahal, Tiba’s chief scientific officer, via email.

Government contracts often include specific milestones that contractors must achieve to receive funding and move forward with their projects. Tiba says its project had met its goals so far and was near completion.

Also among the canceled contracts was a $750,000 award to Emory University to convert an mRNA-based antiviral treatment for flu and Covid into an inhaled, dry powder formulation. The project did not involve the development of a vaccine. “Unfortunately, we don’t have much insight to offer on the grant cancellation,” Emory spokesperson Brian Katzowitz told WIRED in an email.

The cuts are consistent with Kennedy’s desire to deprioritize research into infectious diseases, although experts have warned that they could leave the US more vulnerable to future pandemics.

Despite its scaling down of RNA-related infectious disease research, the administration has expressed enthusiasm about some non-Covid research involving mRNA.

In January, shortly after taking office, President Trump announced a joint venture by OpenAI, Oracle, and SoftBank called Stargate to invest up to $500 billion for AI infrastructure. At the time, Oracle CEO Larry Ellison talked up the potential for AI to make personalized mRNA-based vaccines for cancer.

In an August 12 op-ed in The Washington Post, National Institutes of Health director Jay Bhattacharya acknowledged the promise of mRNA. “I do not dispute its potential. In the future, it may yet deliver breakthroughs in treating diseases such as cancer, and HHS is continuing to invest in ongoing research on applications in oncology and other complex diseases,” he wrote.

Unlike his boss, Bhattacharya says he does not believe the mRNA vaccines have caused mass harm. But he says the reason for stopping mRNA vaccine research is because the platform has lost public trust—a rationale that deviates from Kennedy’s.

Yet mRNA may be more accepted when it comes to treating very sick patients with genetic disorders.

Earlier this year, regulators at the FDA greenlit a customized gene-editing treatment for an infant named KJ Muldoon with a rare and life-threatening liver disease. Created in just six months, it uses mRNA to deliver the gene-editing components to his liver. It was the first time a customized gene-editing treatment was used to successfully treat a patient.

In June, FDA commissioner Marty Makary praised the achievement on his podcast, calling it “kind of a big win for medical science,” and at an FDA roundtable Makary said the agency will continue to facilitate the regulatory process for these types of products.

The researchers behind the custom gene-editing treatment plan to use the same approach for more patients and recently met with the FDA about a clinical trial proposal. “The FDA was very positive about the proposal and effectively gave us the green light to proceed with our work,” says Kiran Musunuru, professor for translational research at the University of Pennsylvania and Children’s Hospital of Philadelphia.

The team has another meeting with the FDA in a month or two to discuss extending the platform concept beyond a single disease or single gene to a broader group of disorders. “We’ll see how that goes,” he says.

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#RFK #Supporting #mRNA #ResearchJust #Vaccines

NVIDIA app, where you can install an updated driver in a few clicks.

Update NVIDIA Drivers Using the NVIDIA App

You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:

  1. Open the NVIDIA app.
  2. Click Drivers from the left menu.
    How To Easily Update Your NVIDIA Drivers?
	
Whether you play games, create videos, or perform daily tasks on your computer, having up-to-date NVIDIA drivers is essential. NVIDIA drivers enable your graphics card to work effectively with Windows and programs installed on it. Upgrading your driver will improve performance, solve existing problems, make it more compatible with recently developed software, and offer new features. The most convenient method for upgrading your driver is to use the NVIDIA app, where you can install an updated driver in a few clicks.



Update NVIDIA Drivers Using the NVIDIA App



You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:




Open the NVIDIA app.



Click Drivers from the left menu.



Check for the latest driver update.



Select Download.



Click Install after the download finishes.




Can NVIDIA Drivers Update Automatically?



In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.



The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.



How to Go Back to an Older NVIDIA Driver



If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.



In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA
  3. Check for the latest driver update.
  4. Select Download.
  5. Click Install after the download finishes.
    install driver

Can NVIDIA Drivers Update Automatically?

In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.

The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.

How to Go Back to an Older NVIDIA Driver

If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.

In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA">How To Easily Update Your NVIDIA Drivers?
	
Whether you play games, create videos, or perform daily tasks on your computer, having up-to-date NVIDIA drivers is essential. NVIDIA drivers enable your graphics card to work effectively with Windows and programs installed on it. Upgrading your driver will improve performance, solve existing problems, make it more compatible with recently developed software, and offer new features. The most convenient method for upgrading your driver is to use the NVIDIA app, where you can install an updated driver in a few clicks.



Update NVIDIA Drivers Using the NVIDIA App



You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:




Open the NVIDIA app.



Click Drivers from the left menu.



Check for the latest driver update.



Select Download.



Click Install after the download finishes.




Can NVIDIA Drivers Update Automatically?



In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.



The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.



How to Go Back to an Older NVIDIA Driver



If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.



In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA

app, where you can install an updated driver in a few clicks.

Update NVIDIA Drivers Using the NVIDIA App

You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:

  1. Open the NVIDIA app.
  2. Click Drivers from the left menu.
    How To Easily Update Your NVIDIA Drivers?
	
Whether you play games, create videos, or perform daily tasks on your computer, having up-to-date NVIDIA drivers is essential. NVIDIA drivers enable your graphics card to work effectively with Windows and programs installed on it. Upgrading your driver will improve performance, solve existing problems, make it more compatible with recently developed software, and offer new features. The most convenient method for upgrading your driver is to use the NVIDIA app, where you can install an updated driver in a few clicks.



Update NVIDIA Drivers Using the NVIDIA App



You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:




Open the NVIDIA app.



Click Drivers from the left menu.



Check for the latest driver update.



Select Download.



Click Install after the download finishes.




Can NVIDIA Drivers Update Automatically?



In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.



The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.



How to Go Back to an Older NVIDIA Driver



If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.



In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA
  3. Check for the latest driver update.
  4. Select Download.
  5. Click Install after the download finishes.
    install driver

Can NVIDIA Drivers Update Automatically?

In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.

The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.

How to Go Back to an Older NVIDIA Driver

If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.

In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA">How To Easily Update Your NVIDIA Drivers?

Whether you play games, create videos, or perform daily tasks on your computer, having up-to-date NVIDIA drivers is essential. NVIDIA drivers enable your graphics card to work effectively with Windows and programs installed on it. Upgrading your driver will improve performance, solve existing problems, make it more compatible with recently developed software, and offer new features. The most convenient method for upgrading your driver is to use the NVIDIA app, where you can install an updated driver in a few clicks.

Update NVIDIA Drivers Using the NVIDIA App

You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:

  1. Open the NVIDIA app.
  2. Click Drivers from the left menu.
    How To Easily Update Your NVIDIA Drivers?
	
Whether you play games, create videos, or perform daily tasks on your computer, having up-to-date NVIDIA drivers is essential. NVIDIA drivers enable your graphics card to work effectively with Windows and programs installed on it. Upgrading your driver will improve performance, solve existing problems, make it more compatible with recently developed software, and offer new features. The most convenient method for upgrading your driver is to use the NVIDIA app, where you can install an updated driver in a few clicks.



Update NVIDIA Drivers Using the NVIDIA App



You can update your NVIDIA graphics drivers quickly through the NVIDIA app. If you don’t have the app, install it first. During installation, choose GeForce Game Ready Drivers for the best gaming experience or NVIDIA Studio Drivers for creative tasks like video editing and 3D design. Steps to update NVIDIA drivers:




Open the NVIDIA app.



Click Drivers from the left menu.



Check for the latest driver update.



Select Download.



Click Install after the download finishes.




Can NVIDIA Drivers Update Automatically?



In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.



The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.



How to Go Back to an Older NVIDIA Driver



If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.



In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA
  3. Check for the latest driver update.
  4. Select Download.
  5. Click Install after the download finishes.
    install driver

Can NVIDIA Drivers Update Automatically?

In the NVIDIA app, there are two different kinds of drivers to choose from: Game Ready Drivers and Studio Drivers. If you play games often, then you should go with the Game Ready Driver. They include optimizations for games and compatibility with newly released titles. However, if you use creative tools such as Adobe Premiere Pro, Blender, and DaVinci Resolve, you should consider using the Studio Drivers, as they suit your purpose.

The NVIDIA app can automatically download new driver updates as soon as they become available. While the download happens in the background, you must still open the app and install the update yourself. To use this feature, go to Settings in the NVIDIA app and enable Automatically download drivers and let me choose when to install. Once enabled, new drivers download in the background, making future updates faster and more convenient.

How to Go Back to an Older NVIDIA Driver

If a new driver update causes any performance or compatibility problems, you can go back to the old driver. The NVIDIA software maintains a list of previously used drivers in the section called Previously Installed on the Drivers tab. Just click the three dots next to your chosen driver and select Reinstall.

In addition to the driver update tool, NVIDIA has several other helpful tools. One of them is an automatic optimization of game settings to improve their performance. It also supports NVIDIA ShadowPlay, which lets you record gameplay and take screenshots or video recordings. You can also check the Drivers page for updates on new games, driver releases, and NVIDIA features.

#Easily #Update #NVIDIA #DriversNVIDIA

Elon Musk’s SpaceX spent an eye-watering $18.4 billion in its first quarter as a publicly traded company and warned investors to expect similarly high spending in the next two financial quarters, sending the stock price down more than 8% in late trading on Tuesday evening. A whopping $15.8 billion of that spending was to power its artificial intelligence efforts, a division that ended the quarter with a $1.3 billion net operating loss.

The figure comes from the company’s first earnings report since the record-setting initial public offering hit the market in mid-June. Although the IPO was surely an amazing day for Musk, who briefly became the world’s first trillionaire, things have not been all peachy since then, with the stock price currently well below its IPO price. As of last week, the company’s stock was so far down from its IPO highs that the value it shed was roughly equal to Musk’s other company, Tesla’s, market capitalization. Tuesday’s stock sales are unlikely to help that scenario, and neither is the fact that the company’s first lockup period ends on Thursday, meaning some company insiders will be able to sell more than $100 billion worth of stock for the first time since SpaceX went public.

To ease some of those worries, Musk promised dramatic AI advancements.

“Our rate of growth certainly is faster than anyone else, and our efficiency of compute deployment I think is also the highest,” Musk claimed. “So we expect to end this year with over two gigawatts of compute, and probably our cumulative compute online by the end of next year will be several times higher.”

Those compute plans are ambitious, but Musk struck a defiant tone against any doubters in the earnings call on Tuesday.

“The terrestrial data centers are a trivial problem compared to making gigantic reusable rockets which are launched frequently,” Musk said.

Musk said SpaceX’s data centers will be exclusively built on Nvidia chips. The two companies are also partnering to build Starmind AI satellites, a part of SpaceX’s even more ambitious plan to put a giant colony of up to a million AI data centers in Earth’s orbit. Some experts are hesitant that Musk and his company will be able to pull off the space-based data center colony plan, while many have also raised concerns about the environmental, economic, and social impact of such a huge launch program if it does pan out as promised.

On the call, Musk said that SpaceX would begin launching the Starmind AI satellites in 2027.

The company will also be unveiling Grok 5 before the end of the year, which Musk said would be trained on “all the data that SpaceX has ever produced,” making the chatbot “by far the best engineer.” Musk has previously claimed the yet-to-be-unveiled LLM will be AGI-level, aka a contested hypothetical AI that would theoretically equal or beat all human capabilities.

“We expect the cadence of AI development to improve dramatically,” Musk said. “I think, by the end of next year, it’s not clear to me that there’s anything digital at least that AI won’t be able to do based on the current rate of improvement.”

All of this comes with a huge, obvious caveat: Musk has long had a penchant for overpromising. His hefty promises extended beyond the AI sphere on Tuesday as well, with the CEO claiming that the company’s space business would be launching a rocket a day by next year and that there will be robots working in manufacturing operations on the literal Moon.

“I know this sounds totally nuts, but you can probably scale to a thousand times the economy of Earth in terms of intelligence launched to space, but probably maybe even a million times,” Musk claimed. “We’re going to build the factories on the Moon; the robots will be helpful with that.

#SpaceX #Stock #Drops #Earnings #Call #Musk #Fails #Woo #Investors #Goalscapex,Elon Musk,SPACEX">SpaceX Stock Drops After First Earnings Call as Musk Fails to Woo Investors With AI Goals
                Elon Musk’s SpaceX spent an eye-watering .4 billion in its first quarter as a publicly traded company and warned investors to expect similarly high spending in the next two financial quarters, sending the stock price down more than 8% in late trading on Tuesday evening. A whopping .8 billion of that spending was to power its artificial intelligence efforts, a division that ended the quarter with a .3 billion net operating loss. The figure comes from the company’s first earnings report since the record-setting initial public offering hit the market in mid-June. Although the IPO was surely an amazing day for Musk, who briefly became the world’s first trillionaire, things have not been all peachy since then, with the stock price currently well below its IPO price. As of last week, the company’s stock was so far down from its IPO highs that the value it shed was roughly equal to Musk’s other company, Tesla’s, market capitalization. Tuesday’s stock sales are unlikely to help that scenario, and neither is the fact that the company’s first lockup period ends on Thursday, meaning some company insiders will be able to sell more than 0 billion worth of stock for the first time since SpaceX went public. To ease some of those worries, Musk promised dramatic AI advancements. “Our rate of growth certainly is faster than anyone else, and our efficiency of compute deployment I think is also the highest,” Musk claimed. “So we expect to end this year with over two gigawatts of compute, and probably our cumulative compute online by the end of next year will be several times higher.”

 Those compute plans are ambitious, but Musk struck a defiant tone against any doubters in the earnings call on Tuesday. “The terrestrial data centers are a trivial problem compared to making gigantic reusable rockets which are launched frequently,” Musk said.

 Musk said SpaceX’s data centers will be exclusively built on Nvidia chips. The two companies are also partnering to build Starmind AI satellites, a part of SpaceX’s even more ambitious plan to put a giant colony of up to a million AI data centers in Earth’s orbit. Some experts are hesitant that Musk and his company will be able to pull off the space-based data center colony plan, while many have also raised concerns about the environmental, economic, and social impact of such a huge launch program if it does pan out as promised. On the call, Musk said that SpaceX would begin launching the Starmind AI satellites in 2027.

 The company will also be unveiling Grok 5 before the end of the year, which Musk said would be trained on “all the data that SpaceX has ever produced,” making the chatbot “by far the best engineer.” Musk has previously claimed the yet-to-be-unveiled LLM will be AGI-level, aka a contested hypothetical AI that would theoretically equal or beat all human capabilities. “We expect the cadence of AI development to improve dramatically,” Musk said. “I think, by the end of next year, it’s not clear to me that there’s anything digital at least that AI won’t be able to do based on the current rate of improvement.” All of this comes with a huge, obvious caveat: Musk has long had a penchant for overpromising. His hefty promises extended beyond the AI sphere on Tuesday as well, with the CEO claiming that the company’s space business would be launching a rocket a day by next year and that there will be robots working in manufacturing operations on the literal Moon.

 “I know this sounds totally nuts, but you can probably scale to a thousand times the economy of Earth in terms of intelligence launched to space, but probably maybe even a million times,” Musk claimed. “We’re going to build the factories on the Moon; the robots will be helpful with that.      #SpaceX #Stock #Drops #Earnings #Call #Musk #Fails #Woo #Investors #Goalscapex,Elon Musk,SPACEX

down more than 8% in late trading on Tuesday evening. A whopping $15.8 billion of that spending was to power its artificial intelligence efforts, a division that ended the quarter with a $1.3 billion net operating loss.

The figure comes from the company’s first earnings report since the record-setting initial public offering hit the market in mid-June. Although the IPO was surely an amazing day for Musk, who briefly became the world’s first trillionaire, things have not been all peachy since then, with the stock price currently well below its IPO price. As of last week, the company’s stock was so far down from its IPO highs that the value it shed was roughly equal to Musk’s other company, Tesla’s, market capitalization. Tuesday’s stock sales are unlikely to help that scenario, and neither is the fact that the company’s first lockup period ends on Thursday, meaning some company insiders will be able to sell more than $100 billion worth of stock for the first time since SpaceX went public.

To ease some of those worries, Musk promised dramatic AI advancements.

“Our rate of growth certainly is faster than anyone else, and our efficiency of compute deployment I think is also the highest,” Musk claimed. “So we expect to end this year with over two gigawatts of compute, and probably our cumulative compute online by the end of next year will be several times higher.”

Those compute plans are ambitious, but Musk struck a defiant tone against any doubters in the earnings call on Tuesday.

“The terrestrial data centers are a trivial problem compared to making gigantic reusable rockets which are launched frequently,” Musk said.

Musk said SpaceX’s data centers will be exclusively built on Nvidia chips. The two companies are also partnering to build Starmind AI satellites, a part of SpaceX’s even more ambitious plan to put a giant colony of up to a million AI data centers in Earth’s orbit. Some experts are hesitant that Musk and his company will be able to pull off the space-based data center colony plan, while many have also raised concerns about the environmental, economic, and social impact of such a huge launch program if it does pan out as promised.

On the call, Musk said that SpaceX would begin launching the Starmind AI satellites in 2027.

The company will also be unveiling Grok 5 before the end of the year, which Musk said would be trained on “all the data that SpaceX has ever produced,” making the chatbot “by far the best engineer.” Musk has previously claimed the yet-to-be-unveiled LLM will be AGI-level, aka a contested hypothetical AI that would theoretically equal or beat all human capabilities.

“We expect the cadence of AI development to improve dramatically,” Musk said. “I think, by the end of next year, it’s not clear to me that there’s anything digital at least that AI won’t be able to do based on the current rate of improvement.”

All of this comes with a huge, obvious caveat: Musk has long had a penchant for overpromising. His hefty promises extended beyond the AI sphere on Tuesday as well, with the CEO claiming that the company’s space business would be launching a rocket a day by next year and that there will be robots working in manufacturing operations on the literal Moon.

“I know this sounds totally nuts, but you can probably scale to a thousand times the economy of Earth in terms of intelligence launched to space, but probably maybe even a million times,” Musk claimed. “We’re going to build the factories on the Moon; the robots will be helpful with that.

#SpaceX #Stock #Drops #Earnings #Call #Musk #Fails #Woo #Investors #Goalscapex,Elon Musk,SPACEX">SpaceX Stock Drops After First Earnings Call as Musk Fails to Woo Investors With AI GoalsSpaceX Stock Drops After First Earnings Call as Musk Fails to Woo Investors With AI Goals
                Elon Musk’s SpaceX spent an eye-watering $18.4 billion in its first quarter as a publicly traded company and warned investors to expect similarly high spending in the next two financial quarters, sending the stock price down more than 8% in late trading on Tuesday evening. A whopping $15.8 billion of that spending was to power its artificial intelligence efforts, a division that ended the quarter with a $1.3 billion net operating loss. The figure comes from the company’s first earnings report since the record-setting initial public offering hit the market in mid-June. Although the IPO was surely an amazing day for Musk, who briefly became the world’s first trillionaire, things have not been all peachy since then, with the stock price currently well below its IPO price. As of last week, the company’s stock was so far down from its IPO highs that the value it shed was roughly equal to Musk’s other company, Tesla’s, market capitalization. Tuesday’s stock sales are unlikely to help that scenario, and neither is the fact that the company’s first lockup period ends on Thursday, meaning some company insiders will be able to sell more than $100 billion worth of stock for the first time since SpaceX went public. To ease some of those worries, Musk promised dramatic AI advancements. “Our rate of growth certainly is faster than anyone else, and our efficiency of compute deployment I think is also the highest,” Musk claimed. “So we expect to end this year with over two gigawatts of compute, and probably our cumulative compute online by the end of next year will be several times higher.”

 Those compute plans are ambitious, but Musk struck a defiant tone against any doubters in the earnings call on Tuesday. “The terrestrial data centers are a trivial problem compared to making gigantic reusable rockets which are launched frequently,” Musk said.

 Musk said SpaceX’s data centers will be exclusively built on Nvidia chips. The two companies are also partnering to build Starmind AI satellites, a part of SpaceX’s even more ambitious plan to put a giant colony of up to a million AI data centers in Earth’s orbit. Some experts are hesitant that Musk and his company will be able to pull off the space-based data center colony plan, while many have also raised concerns about the environmental, economic, and social impact of such a huge launch program if it does pan out as promised. On the call, Musk said that SpaceX would begin launching the Starmind AI satellites in 2027.

 The company will also be unveiling Grok 5 before the end of the year, which Musk said would be trained on “all the data that SpaceX has ever produced,” making the chatbot “by far the best engineer.” Musk has previously claimed the yet-to-be-unveiled LLM will be AGI-level, aka a contested hypothetical AI that would theoretically equal or beat all human capabilities. “We expect the cadence of AI development to improve dramatically,” Musk said. “I think, by the end of next year, it’s not clear to me that there’s anything digital at least that AI won’t be able to do based on the current rate of improvement.” All of this comes with a huge, obvious caveat: Musk has long had a penchant for overpromising. His hefty promises extended beyond the AI sphere on Tuesday as well, with the CEO claiming that the company’s space business would be launching a rocket a day by next year and that there will be robots working in manufacturing operations on the literal Moon.

 “I know this sounds totally nuts, but you can probably scale to a thousand times the economy of Earth in terms of intelligence launched to space, but probably maybe even a million times,” Musk claimed. “We’re going to build the factories on the Moon; the robots will be helpful with that.      #SpaceX #Stock #Drops #Earnings #Call #Musk #Fails #Woo #Investors #Goalscapex,Elon Musk,SPACEX

Elon Musk’s SpaceX spent an eye-watering $18.4 billion in its first quarter as a publicly traded company and warned investors to expect similarly high spending in the next two financial quarters, sending the stock price down more than 8% in late trading on Tuesday evening. A whopping $15.8 billion of that spending was to power its artificial intelligence efforts, a division that ended the quarter with a $1.3 billion net operating loss.

The figure comes from the company’s first earnings report since the record-setting initial public offering hit the market in mid-June. Although the IPO was surely an amazing day for Musk, who briefly became the world’s first trillionaire, things have not been all peachy since then, with the stock price currently well below its IPO price. As of last week, the company’s stock was so far down from its IPO highs that the value it shed was roughly equal to Musk’s other company, Tesla’s, market capitalization. Tuesday’s stock sales are unlikely to help that scenario, and neither is the fact that the company’s first lockup period ends on Thursday, meaning some company insiders will be able to sell more than $100 billion worth of stock for the first time since SpaceX went public.

To ease some of those worries, Musk promised dramatic AI advancements.

“Our rate of growth certainly is faster than anyone else, and our efficiency of compute deployment I think is also the highest,” Musk claimed. “So we expect to end this year with over two gigawatts of compute, and probably our cumulative compute online by the end of next year will be several times higher.”

Those compute plans are ambitious, but Musk struck a defiant tone against any doubters in the earnings call on Tuesday.

“The terrestrial data centers are a trivial problem compared to making gigantic reusable rockets which are launched frequently,” Musk said.

Musk said SpaceX’s data centers will be exclusively built on Nvidia chips. The two companies are also partnering to build Starmind AI satellites, a part of SpaceX’s even more ambitious plan to put a giant colony of up to a million AI data centers in Earth’s orbit. Some experts are hesitant that Musk and his company will be able to pull off the space-based data center colony plan, while many have also raised concerns about the environmental, economic, and social impact of such a huge launch program if it does pan out as promised.

On the call, Musk said that SpaceX would begin launching the Starmind AI satellites in 2027.

The company will also be unveiling Grok 5 before the end of the year, which Musk said would be trained on “all the data that SpaceX has ever produced,” making the chatbot “by far the best engineer.” Musk has previously claimed the yet-to-be-unveiled LLM will be AGI-level, aka a contested hypothetical AI that would theoretically equal or beat all human capabilities.

“We expect the cadence of AI development to improve dramatically,” Musk said. “I think, by the end of next year, it’s not clear to me that there’s anything digital at least that AI won’t be able to do based on the current rate of improvement.”

All of this comes with a huge, obvious caveat: Musk has long had a penchant for overpromising. His hefty promises extended beyond the AI sphere on Tuesday as well, with the CEO claiming that the company’s space business would be launching a rocket a day by next year and that there will be robots working in manufacturing operations on the literal Moon.

“I know this sounds totally nuts, but you can probably scale to a thousand times the economy of Earth in terms of intelligence launched to space, but probably maybe even a million times,” Musk claimed. “We’re going to build the factories on the Moon; the robots will be helpful with that.

#SpaceX #Stock #Drops #Earnings #Call #Musk #Fails #Woo #Investors #Goalscapex,Elon Musk,SPACEX

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