Meta‘s chief artificial intelligence scientist Yann LeCun has spent much of the past week sparring with Elon Musk over the Tesla CEO’s treatment of scientists and news organizations, and for spreading false conspiracies on social media.
“I like his cars (I own a 2015 S, and 2023 S), his rockets, his solar energy systems, and his satellite communication systems,” LeCun wrote about Musk on Sunday in a Post on X, the social media site that Musk owns. “But I very much disagree with him on a number of issues.”
The spat began days earlier, on May 27, after Musk took to X to encourage people to apply for roles at his AI startup, xAI. The company, which last week announced it had raised $6 billion, is in a battle for AI engineers with high-profile startups, such as OpenAI and Anthropic, as well as top tech companies, including Google, Microsoft, Amazon and Meta.
Meta is trying to differentiate itself in the world of large language models, or LLMs, which have powered the recent boom in generative AI product development. While LLMs from xAI, OpenAI and Google are closed and proprietary for now, Meta is touting its Llama family of models as open source, meaning other researchers can copy, tweak or otherwise use them for their own AI initiatives.
In response to Musk’s promotional post, LeCun wrote, “Join xAI if you can stand a boss who makes promises that can’t be met, claims AI will ‘kill everyone’ and spews wild ‘conspiracy theories on his own social platform.'”
They continued going at it on Monday after Dr. Anthony Fauci testified publicly for the first time since leaving the government in 2022. Fauci appeared before the House Select Subcommittee on the Coronavirus Pandemic, facing broad criticism from Republicans who have long claimed he lied about the genesis of Covid-19.
Musk, who has previously called for the prosecution of Fauci, posted on X, “Why do Dems love Fauci so much.” He also unfollowed LeCun.
In response to being unfollowed, LeCun wrote, “Must have been my tweet in defense of Anthony Fauci.”
He followed by writing, “Elon’s call for Fauci to be prosecuted and imprisoned is pretty high up on the scale of anti-science a–holery.”
While Musk and Meta CEO Mark Zuckerberg have engaged in a yearslong public dispute and were even goading each other for months last year about a possible cage match, few tech leaders have been willing to criticize Musk in the open or bet against his companies.
Microsoft co-founder Bill Gates previously shorted Tesla stock. Investor Mark Cuban criticized Musk over his opposition to corporate Diversity, Equity, and Inclusion (DEI) efforts. And Meta co-founder Dustin Moskovitz has accused Tesla of consumer fraud.
In posts on X and LinkedIn over the weekend, LeCun said he disagrees with Musk’s secrecy when it comes to developing new technology and products and the “blatantly false” predictions he shares with the public, in addition to how he chooses to share “dangerous political opinions” and conspiracy theories.
Musk said in a post on X Monday that LeCun has been “out of touch with AI for a long time.” A Google Scholar link shared by LeCun indicates he has published 80 technical papers since January 2022.
LeCun and Musk didn’t respond to requests for comment on Monday.
The “blatantly false” predictions LeCun referenced included Musk’s claims that artificial general intelligence would arrive next year and that Tesla would bring 1 million robotaxis to market by 2020.
The latter promise came on a call with investors in 2019. At the time, Musk said robotaxis would make Tesla a company worth $500 billion. Tesla’s market cap topped $1 trillion in 2021, but the company still hasn’t delivered a single robotaxi.
Musk has also shared lofty goals for his brain implant startup Neuralink. He’s claimed Neuralink’s devices could enable “superhuman cognition” and “solve” autism and schizophrenia. During a “show and tell” recruitment event in late 2022, Musk said he plans to get an implant himself.
The company has implanted its flagship system in one human patient so far and has not received FDA approval for its technology.
LeCun was also critical of how Musk takes credit for the work of others. He pointed out that Musk’s only technical publication on Google Scholar is related to Neuralink. It was published in the Journal of Medical Internet Research in 2019. Musk is listed as the lead author, while the blanket term “Neuralink” is listed as the second author.
“I’m sure the scientists who hide behind this collective name are super happy about that,” LeCun said on X. “I just hope they won’t die bitter and forgotten.”
OpenAI CEO Sam Altman speaks to media following a Q&A at the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025.
Shelby Tauber | Reuters
OpenAI CEO Sam Altman said Thursday that the artificial intelligence startup is on track to generate more than $20 billion in annualized revenue run rate this year, with plans to grow to hundreds of billions in sales by 2030.
The company has inked more than $1.4 trillion of infrastructure deals in recent months to try and build out the data centers it says are needed to meet growing demand. The staggering sum has raised questions from investors and others in the industry about where OpenAI will come up with the money.
“We are trying to build the infrastructure for a future economy powered by AI, and given everything we see on the horizon in our research program, this is the time to invest to be really scaling up our technology,” Altman wrote in a post on X. “Massive infrastructure projects take quite awhile to build, so we have to start now.”
OpenAI was founded as a nonprofit research lab in 2015, but has become one of the fastest-growing commercial entities on the planet following the launch of its chatbot ChatGPT in 2022. The startup is currently valued at $500 billion, though it’s still not profitable.
In September, OpenAI CFO Sarah Friar told CNBC that OpenAI was on track to generate $13 billion in revenue this year.
Friar caught the attention of the Trump administration this week after she saying at at event that OpenAI is looking to create an ecosystem of banks, private equity and a federal “backstop” or “guarantee” that could help the company finance its investments in cutting-edge chips.
She clarified those comments late Wednesday, writing in a post on LinkedIn that OpenAI is not seeking a government backstop for its infrastructure commitments.
“I used the word ‘backstop’ and it muddied the point,” Friar wrote. “As the full clip of my answer shows, I was making the point that American strength in technology will come from building real industrial capacity which requires the private sector and government playing their part.”
Venture capitalist David Sacks, who is serving as President Donald Trump’s AI and crypto czar, said Thursday that there will be “no federal bailout for AI.” He wrote in a post on X that if one frontier model company in the U.S. fails, another will take its place.
Altman said Thursday that OpenAI does “not have or want government guarantees for OpenAI datacenters.” He said taxpayers should not bail out companies that make poor decisions, and that “if we get it wrong, that’s on us.”
“This is the bet we are making, and given our vantage point, we feel good about it,” Altman wrote. “But we of course could be wrong, and the market—not the government—will deal with it if we are.”
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks tumbled Thursday as concerns about eye-watering valuations in AI-linked names persisted. The S & P 500 shed nearly 1% in afternoon trading. But the market’s big laggards were in tech, as the Nasdaq retreated more than 1%. Club holdings Nvidia and Meta Platforms declined 2.8% and 2%, respectively. Investors also looked at fresh economic data that indicated a massive increase in corporate layoffs. Job cuts last month reached their highest level of any October reading in over two decades, according to outplacement firm Challenger, Gray & Christmas. The government’s ongoing shutdown is likely playing a hand in it Big Tech news: Apple is nearing a deal to use Google ‘s AI model in a revamped version of Siri, according to Bloomberg . The iPhone maker, as part of the agreement, would pay Alphabet ‘s Google around $1 billion each year. Jim called it a “terrific deal” during “Squawk on the Street” on Thursday. He added, “I love this combination,” even if there’s some debate about whether the payment should be going the other way. The partnership would be a step in the right direction for Club name Apple’s so-far rocky rollout of its generative AI offerings. Apple Intelligence, the company’s AI suite, has faced many delays. Management has postponed its AI-enhanced Siri until at least 2026. Making matters worse, Big Tech peers like Meta have continued to poach top AI talent from Apple, as well. Still, we continue to believe that Apple doesn’t need to be first to market. The company just needs to be the best. Costco premium: Shares slipped more than 1% on Thursday despite the retailer posting solid October sales. Costco ‘s U.S. core comparable sales, excluding gas price and foreign exchange fluctuations, were up 6.7% for the four weeks ending Nov. 2 — shy of Wall Street’s estimates of 7% to 8%. That’s still a strong showing, given how many consumer-focused names have stumbled recently due to concerns about the weakening consumer. Wells Fargo described the Costco figures as “good results in a choppy retail tape,” but cautioned that “everything matters at this valuation.” That makes further stock upside hard to justify, according to the analysts. But the Club holding’s premium remains a key focus. Shares currently trade at 47 times forward earnings, lower than the 52 times forward earnings figure earlier this year. This brings Costco’s multiple closer to its recent historical average. Oppenheimer analysts on Monday said the lower multiple makes Costco shares more attractive, and they view the stock’s recent decline as a buying opportunity. Jim agrees. “I want to buy Costco,” he said Monday . Although a multiple above 50 can feel “dangerous” for some investors, Jim believes it is not a good enough reason to stay away. Though the stock still trades above the Club’s cost basis, Jim doesn’t expect a major pullback. Costco deserves its premium. The retailer’s subscription-based model delivers reliable and high-margin recurring revenues that traditional retailers just can’t match. Betting partner: Disney announced Thursday that DraftKings would be ESPN’s new official sportsbook and odds provider, bringing an end to its Penn Entertainment partnership. The change will take effect Dec. 1, but a full rollout of the integration is not expected until 2026. The decision to part ways with Penn comes just two years into working together. The two entered into a partnership in August 2023, with a 10-year agreement that allowed either party to exit after the third year if certain market share goals weren’t met. Both have now mutually agreed to wind down that operation. Under the new deal, ESPN will work with DraftKings to “continue to super-serve passionate sports fans and grow our ESPN direct-to-consumer business,” said ESPN chairman Jimmy Pitaro in a statement. The partnership could strengthen Disney’s broader direct-to-consumer (DTC) strategy, where ESPN plays a crucial role in the Disney+ streaming bundle. Disney’s DTC business is viewed as a long-term driver of earnings growth. If the DraftKings alliance helps boost engagement and monetization within the ESPN ecosystem, it could serve as a much-needed catalyst for Disney’s stock. Shares are down roughly 1% year-to-date, compared to the S & P 500’s 14.5% advance. Up next: Club holding Texas Roadhouse reports earnings after Thursday’s close. Qnity , the new Club name that just spun off from DuPont , is scheduled to hold a business update call after the close. (DuPont reported pretty solid earnings before the bell.) There aren’t any portfolio names on Friday morning’s earnings schedule. 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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple Inc. that have pledged to boost their US investments. Photographer: Will Oliver/EPA/Bloomberg via Getty Images
Will Oliver | Bloomberg | Getty Images
Meta projected that 10% of its overall sales in 2024, or about $16 billion, came from running online ads for scams and banned goods, according to a Thursday report from Reuters.
Those kinds of ads included promotions for “fraudulent e-commerce and investment schemes, illegal online casinos and the sale of banned medical products,” according to the Reuters report, which was based on internal company documents. Those documents showed the company’s attempts to measure the prevalence of fraudulent advertising on its apps like Facebook and Instagram.
Meta brought in more than $164.5 billion in overall sales for 2024. Last week, the company said that third-quarter sales rose 26% year-over-year to $51.24 billion and that it lifted the low end of its total expenses for the year by $2 billion as part of its massive investments into artificial intelligence.
The Reuters report cited a December 2024 document that showed how Meta each year generates roughly $7 billion in annualized sales from so-called “higher risk” scam ads, which are promotions that are clearly deceptive. Each day, Meta shows users an estimated 15 billion of these higher risk scam ads, the Reuters report said, citing a separate document.
Although some of the documents show that Meta aims to reduce the amount of bogus ads on its platform, the Reuters report also said that other documents suggest the company is concerned that its business projections could be impacted by any abrupt removal of the fraudulent promotions.
A Meta spokesperson said that the company “aggressively” addresses scam and fraud ads on its apps. The projections that 10% of the company’s 2024 ad sales came from bunk ads “was a rough and overly-inclusive estimate rather than a definitive or final figure; in fact, subsequent review revealed that many of these ads weren’t violating at all,” the spokesperson said in a statement.
“Unfortunately, the leaked documents present a selective view that distorts Meta’s approach to fraud and scams by focusing on our efforts to assess the scale of the challenge, not the full range of actions we have taken to address the problem,” the spokesperson said.