Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023.
Kirsty Wigglesworth | Reuters
Speaking at the 2023 DealBook Summit in New York on Wednesday, Elon Musk, the owner of social media site X (formerly Twitter), scoffed at advertisers threatening to leave the platform because of antisemitic posts he amplified there.
“If somebody’s gonna try to blackmail me with advertising? Blackmail me with money? Go f—yourself.” He added, “Don’t advertise.”
He also implied that fans of his, and of X, would boycott those advertisers in kind. He specifically took aim at Disney.
“The whole world will know that those advertisers killed the company and we will document it in great detail,” Musk threatened.
He also told interviewer Andrew Ross Sorkin, “I have no problem being hated. Hate away.”
In recent weeks, Musk has promoted and sometimes verbally endorsed what the White House called “antisemitic and racist hate” on X, formerly Twitter, the social media platform he owns and runs as CTO.
He called those tweets, “one of the most foolish if not the most foolish thing I’ve ever done on the platform.”
“I’m sorry for that tweet or post,” he said. He added, “I tried my best to clarify, six ways to Sunday, but you know at least I think over time it will be obvious that in fact, far from being antisemitic, I am in fact philosemitic.”
His inflammatory posts on the social media platform led large advertisers, including Disney, Apple, and many others, to suspend campaigns there, and drove some famous users away from the platform, including Paris Mayor Anne Hidalgo.
Musk, who is also the CEO of Tesla and SpaceX, has denied that he is antisemitic, and said that on X, “Clear calls for extreme violence are against our terms of service and will result in suspension.”
He also traveled to Israel this week, where he met and spoke with Prime Minister Benjamin Netanyahu. When Netanyahu said he wanted to “deradicalize” and “rebuild” Gaza, Musk offered to help. Musk told Sorkin on stage that his visit to Israel was planned before his tweets, and were not part of an “apology tour.” Previously, Musk had said he wanted to bring SpaceX satellite communications service to Israel and humanitarian organizations in Gaza.
Musk’s personal account on X currently displays a follower count of more than 164 million — though tech blog Mashable reported in August that a majority of Musk’s listed followers appeared to be inauthentic or inactive accounts.
Musk espoused negative general views about unions and said they create a “lords and peasants” atmosphere at companies, and “naturally try to create negativity,” pitting workers against management.
He said, “Many people at Tesla have come up, gone from workign on the line to being in senior management and there is no lords and peasants — everyone eats at the same table.”
He also added, “If Tesla gets unionized, it will be because we deserve it and we failed in some way.”
At one point, Sorkin asked, “Do you feel like anybody has leverage over you?”
Musk replied, “If we make bad products that people don’t want to use, the users will vote with their resources and use something else. My companies are overseen by regulators. SpaceX, Starlink, Tesla – are overseen by cumulatively by…a few hundred regulators because we’re in 55 countries.”
Later, he noted that he complies with nearly all the regulations levied upon his companies, but “once in awhile” he disagrees with a regulation and would object to it and disobey. “I’m incredibly rule-following,” he claimed.
Sorkin asked, “How do you think about the leverage that the Chinese have over you?” alluding to Tesla’s factory there and the company’s reliance on Chinese consumers for a percentage of its sales. Sorkin added, “Is it hypocritical for you to be doing business in China, or other countries, as it relates to X and other things that don’t follow this free speech path that you have espoused?”
The CEO replied, “The best that the platform can do is adhere to the laws of any given country. Do you think there’s something more we can do than that?”
He later added that he believes the Chinese electric car companies are extremely competitive, and said that many people believe the top ten EV companies in the world will be Tesla and nine Chinese makers.
On OpenAI and its recent boardroom struggles, Musk said he had talked to a lot of people but had not found out what precisely led to the recent firing and then re-hiring of CEO Sam Altman. He also said he has “mixed feelings” about Altman personally, hinting that he feels like the OpenAI CEO has too much power. “The ring of power can corrupt.”
When it was founded, OpenAI’s original board included both Altman and Musk, but Musk left in 2018 after poaching a star engineer from the company to run Autopilot software engineering at Tesla.
Musk also said that he’s worried about the danger of AI harming humanity, and that he was “having trouble sleeping at night” because of it.
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Airbnb CEO Brian Chesky said he wants to integrate ChatGPT artificial intelligence capabilities into the travel platform but the software isn’t ready.
“The [software development kit] wasn’t quite robust enough for the things we want to do,” he told CNBC’s “Squawk Box” on Wednesday.
Chesky said the company would “probably” want to integrate ChatGPT eventually.
Airbnb on Tuesday launched a series of new social features, such as direct messaging, to its platform. The update also included a personalized version of the company’s chatbot launched earlier this year that can cancel and change reservations for users in North America.
In an interview with Bloomberg this week, Chesky said that the OpenAI chatbot isn’t “quite ready” for integration with Airbnb. He said the model was made using 13 different chatbots and that Airbnb is depending heavily on Alibaba’s Qwen model.
Chesky, who is a close friend of OpenAI CEO Sam Altman, said it’s only the beginning of the AI revolution and he expects the technology to fuel a consumer app craze over the next few years.
“We’re all going to have to work together,” he said. “AI is going to lift up a lot of companies. If they want to vertically integrate every single thing, that’s going to be very, very difficult.”
OpenAI did not immediately respond to a request for comment.
Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday.
The company announced the cuts in a memo from its Chief AI Officer Alexandr Wang, who was hired in June as part of Meta’s $14.3 billion investment in Scale AI. Workers across Meta’s AI infrastructure units, Fundamental Artificial Intelligence Research unit and other product-related positions will be impacted.
Meta has been aggressively investing in AI as it works to keep pace with rivals like OpenAI and Google, pouring billions of dollars into infrastructure projects and recruitment.
On Tuesday, the company announced a $27 billion deal with Blue Owl Capital to fund and develop its massive Hyperion data center in rural Louisiana. The data center is expected to be large enough to cover a “significant part of the footprint of Manhattan,” Meta CEO Mark Zuckerberg said in a post in July.
A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany.
Sean Gallup | Getty Images News | Getty Images
German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia.
The update comes shortly after the German Association of the Automotive Industry (VDA), the country’s main car industry lobby, said the China-Netherlands dispute over Nexperia could lead to “significant production restrictions in the near future” if the supply interruption of chips cannot be swiftly resolved.
A spokesperson for Volkswagen told CNBC by email that while Nexperia is not a direct supplier of the company, some Nexperia parts are used in its vehicle components, which are supplied by Volkswagen’s direct suppliers.
“We are in close contact with all relevant stakeholders in light of the current situation to identify potential risks at an early stage and to be able to make decisions regarding any necessary measures,” a Volkswagen spokesperson said, noting that the firm’s production is currently unaffected.
“However, given the evolving circumstances, short-term effects on production cannot be ruled out,” they added.
Shares of Volkswagen traded 2.2% lower at 2 p.m. London time (9 a.m. ET).
Last month, the Dutch government took control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, in what was seen as a highly unusual move.
The Dutch government seized control of the company, which specializes in the high-volume production of chips used in automotive, consumer electronics and other industries, citing fears the firm’s tech “would become unavailable in an emergency.”
China responded by blocking exports of the firm’s finished products, sparking alarm among Europe’s auto industry.
A spokesperson for Germany’s Economy Ministry said the government is concerned about chip supply chain difficulties, according to Reuters.