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Resso, Starmaker and other Chinese mobile apps that survived the Indian government’s ban

<ul class="summary-list"><li>Elon Musk played "Diablo IV" on Sunday night as he tested X's live streaming feature.</li><li>He spent the first ten minutes asking Shivon Zilis if it was working correctly.</li></ul>Elon Musk <a target="_blank" href="https://twitter.com/elonmusk/status/1708710233214702070">showed off</a> X's new feature to live stream video games as he played "Diablo IV" from an account called "cyb3rgam3r420."The X owner posted several times about the function, which adds another layer to <a target="_blank" href="https://www.businessinsider.com/elon-musk-x-everything-app-twitter-details-2022-10">Musk's "everything app"</a> ambitions for the social network formerly known as Twitter.And the father of 10 put it to the test on Sunday, while sharing insights into his hobby.The day before, Musk shared a picture of his setup, with a Logitech mouse and a huge curved monitor, as he enjoyed the fantasy role-playing game.The world's richest person <a target="_blank" href="https://twitter.com/elonmusk/status/1708197938969887018">says</a> he spends his non-working hours either gaming, or with his friends or children. According to Walter Isaacson's biography, <a target="_blank" href="https://www.businessinsider.com/elon-musk-played-elden-ring-until-530am-after-twitter-offer-2023-9">Musk played "Elden Ring" until 5:30 a.m.</a> after he decided to buy Twitter.Musk streamed for about an hour from a room lit by a giant candle, while wearing a headset and sitting in a Razer gaming chair.Although he had some trouble getting started, as he spent the first ten minutes asking <a target="_blank" href="https://www.businessinsider.com/elon-musk-shivon-zilis-children-twins-ivf-population-sperm-donor-2023-9">Shivon Zilis</a> — the Neuralink executive with whom he has two children — whether the feed was live."This is not bad for a little test," Musk said. "It's currently way too hard to do this. It took like hours to set this up, so we need to make it just effortless."Musk streamed from a newly created test account called "cyb3rgam3r420." The X owner also has another <a target="_blank" href="https://www.businessinsider.com/elon-musk-alternative-account-tweeting-as-2-year-old-son-2023-4">alternative account</a> on the platform, where he appeared to post from his three-year-old son's perspective.He explained how only a user's subscribers can comment on their live stream. On other streaming platforms like Twitch, users have the ability to choose whether anybody or just subscribers can comment.Musk said he thinks one of its best features is: "You can talk directly to your subscribers, and have a cool kind of discussion among people that subscribe to you, or like you, or whatever."X did not immediately respond to Insider's request for comment.

Elon Musk live streamed himself playing 'Diablo IV' as he showed off X's new feature and asked Shivon Zilis if it was working properly

<ul><li>The Chinese short video streaming app <keyword id="6762469" type="UNKNOWN" weightage="20" keywordseo="TikTok">TikTok</keyword> was banned in India in June — the app’s largest international market. </li><li>Despite losing over 200 million of its users, TikTok continues to be the highest-grossing app worldwide, according to Sensor Tower’s monthly report. </li><li>This is partly due to more people using apps during the coronavirus pandemic and also because 89% of the app’s revenue comes from China. </li></ul>Despite losing its biggest overseas market, the Chinese short video sharing app TikTok continues to be the top-grossing non-game app in the world in July. <a href="https://sensortower.com/blog/top-grossing-apps-worldwide-july-2020">Sensor Tower’s</a> monthly report shows that TikTok hit $102.5 million in revenue — an 8.6 times increase in revenue over the same time last year. <div type="image" title="snapshot-1596616947742" msid="77369129" hostid="261" caption="&amp;lt;p&amp;gt;TikTok&amp;#39;s revenue over the last five months&amp;lt;/p&amp;gt;"></div> Even compared to a month ago, TikTok’s revenue has increased by $11.8 million. This was the first month of TikTok operating without its Indian user base since the government banned the app locally amidst border tensions with China along the Line of Actual Control (LAC). Before the ban, the Chinese app had around 200 million users in India. Despite India accounting for nearly one-third of TikTok’s downloads, more than even China, the ban did not dent the app’s online earnings. This may be because nearly 89% of the company’s revenue still comes from its home base in China. Indians can be a boost to any app’s user base but historically they haven’t known to be the biggest spenders. Another factor that may have surged TikTok's revenue is the overall online app market seeing a boost due to the coronavirus pandemic as more people stay at home. In the first half of 2020, Sensor Tower recorded a 23% jump in global app revenue as compared to last year — crossing $50 billion. TikTok was third on the list, following Tinder and YouTube, having generated $421 million across the Google Play Store and App Store. One app’s loss in another app’s gain After TikTok was banned in India, a slew of <keyword id="9499766" type="UNKNOWN" weightage="20" keywordseo="TikTOk-alternatives">TikTok alternatives</keyword> raced to the frontier in order to take its place. <div type="image" title="snapshot-1596616939950" msid="77369155" hostid="261" caption="&amp;lt;p&amp;gt;First time installs for TikTok alternatives in India&amp;lt;/p&amp;gt;"></div> <a href="https://sensortower.com/blog/tiktok-alternatives-growth-india">Sensor Tower</a>’s estimates reveal that the top three contenders are Roposo, Zili and Dubsmash. They collectively saw a 155% jump in first-time installs in the three weeks following TikTok’s ban. <div type="image" title="snapshot-1596616930985" msid="77369171" hostid="261" caption="&amp;lt;p&amp;gt;Lifetime downloads of TikTok alternatives in India at the end of July&amp;lt;/p&amp;gt;"></div> This is not the first time that TikTok’s run into trouble with the law in India. Last year, it was also banned by the Madras High Court after being accused of ‘<a href="https://www.businessinsider.in/tiktok-ban-in-india-for-hosting-porn/articleshow/68720430.cms">encouraging pornography</a>’. At the time, the company’s court filing said that it was losing $500,000 a day. TikTok may also be on the brink of losing another one of its international markets. US President Donald Trump declared that the Chinese app will be banned if it’s not sold off to an American buyer by September 15. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/trump-wants-the-treasury-to-get-a-substantial-cut-of-any-tiktok-acquisition-chinas-state-media-says-that-would-be-open-robbery-/articleshow/77349625.cms">Trump wants the Treasury to get a substantial cut of any TikTok acquisition. China's state media says that would be 'open robbery.'</a> <a href="https://www.businessinsider.in/stock-market/news/microsoft-adds-77-billion-in-market-value-after-confirming-plans-to-buy-tiktok-in-the-us/articleshow/77334071.cms">Microsoft adds $77 billion in market value after confirming talks to buy TikTok in the US</a>

TikTok made more money than any other app in July despite losing its largest overseas market

<ul><li>Latest data from Bain &amp; Company predicts India’s short form video market to reach 650 million users by 2025.</li><li>Short form videos became popular last year with TikTok and in 2020 alone, more than 200 million Indians watched SFVs at least once.</li><li>At present, there are more than 200 million SFV users in India.</li></ul>Short form videos are everywhere. From Instagram to YouTube and Facebook, the explosion is no secret and it’s very likely to grow even more in coming years. Popularised by TikTok, the short form videos gave birth to many similar platforms and even got added as a feature on almost every popular social media app, in fact, <a href="https://www.businessinsider.in/tech/apps/news/instagram-on-its-way-to-becoming-a-video-and-entertainment-platform-adam-mosseri/articleshow/84017343.cms">Instagram is on its way to becoming a video and entertainment platform</a> with Reels - its version of short video - in focus. The biggest players including Google and Facebook are banking on short form videos in India. The market is predicted to grow to 650 million users by 2025, according to a new report by Bain &amp; Company. In the report titled “India Online Videos - The Long and Short of It”, Bain &amp; Company analysed the growth of short form videos in India, who are the key players and what does the future look like. Short form videos or SFV are categorised as videos with a duration of 15 seconds to 2 minutes. It’s safe to say that the pandemic has increased content consumption and SFV is one of the most successful byproducts of it. In India, the SFV user base grew 3.5 times and 12 times in total time spent by all users over the past two years. In 2020 alone, more than 200 million Indians watched SFVs at least once. And active users spent up to 45 minutes a day only on SFV platforms. There was a 60% increase in consumption of SFV during the lockdown period (April-June) as compared to January-March the same year. At present, there are more than 200 million SFV users in India. India’s SFV user base has mostly been men (70%-75%) from tier 2 cities and smaller towns while women take up 25%-30%. In terms of age group, most of the users are below 25 years of age with 20%-25% between 25 and 35 years of age. <div type="image" title="demographics" msid="86793580" hostid="261" caption="&amp;lt;p&amp;gt;Demographics of SFV users in India.&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="The key SFV players" comment="subhead" text="The key SFV players">The key SFV players</cmsannotation> TikTok is attributed as the leader in SFV in India with 200 million users and 20 million content creators posting at least one video a month. The ban led to multiple clones and now there are more than 50 million users who have created and posted at least one video. The top five players in the market are <a href="https://www.businessinsider.in/tech/apps/news/mx-takatak-instagram-josh-moj-and-snapchat-are-most-downloaded-social-and-entertainment-apps-in-india-as-per-app-annie/articleshow/86003516.cms" data-type="tilCustomLink">Moj</a>, <keyword id="9555198" type="General" weightage="20" keywordseo="mx-takatak" source="Orion">MX TakaTak</keyword>, <keyword id="6393600" type="General" weightage="20" keywordseo="josh" source="Orion">Josh</keyword>, Roposo and Zili, contributing 85% of the total user base in SFV. <div type="image" title="top five players" msid="86793368" hostid="261" caption="&amp;lt;p&amp;gt;Growth of top five SFV players in India.&amp;lt;/p&amp;gt;"></div> <keyword id="8678883" type="General" weightage="20" keywordseo="moj" source="Orion">Moj</keyword> is leading with the highest daily active users among the Indian SFV players. Bain also highlighted that other than having a large engaged user base these companies are also well-funded. ShareChat’s Moj for example has raised $1,203 million in funding and its key investors are China’s Tencent, Twitter, Tiger, Temasek and Snap. It has over 150 million downloads, 10-15 million creators, 17 minutes of average daily usage. Tencent is a key investor for MX TakaTak as well along with Times Group. This app has over 200 million downloads with 9-12 million creators and 17 average daily minutes. Dailyhunt’s Josh and Glance’s Roposo have over 150 million and 100 million downloads, respectively, and investors like Google, Microsoft and InMobi. An interesting player here is Xiaomi’s Zili that comes pre-installed on Xiaomi smartphones. It has over 100 million downloads. <cmsannotation type="cmsannotation" annotationid="Micro influencers and aspiring creators" comment="subhead" text="Micro influencers and aspiring creators">Micro influencers and aspiring creators</cmsannotation> The SFV platforms are giving rise to micro-influencers and aspiring creators coming from metros to tier 3 cities. This group of creators with followers between 10,000 and 100,000, take up 75% to 80% of the total creator base in SFV platforms. Creators are also not engaged in only one platform but have their presence on multiple platforms. Recently, Instagram <a href="https://www.businessinsider.in/tech/news/instagram-launches-education-programme-for-creators-in-india-to-learn-earn-and-build-communities/articleshow/86642903.cms">announced</a> its largest creator education and enablement programme in India. The programme will be free for all, and it will provide access to live masterclasses from experts in the field, the latest product updates and trends, and options to unlock monetary opportunities. There are at least three SFV apps installed per user with one go-to app for most content. Over 100 videos are scrolled by a user and out of which 1 in 3 videos are watched in full. The average user spends 4-5 minutes per visit which is 4-5 visits a day. And 1 in 2 videos watched is either in Hindi or Tamil. <cmsannotation type="cmsannotation" annotationid="There’s still room for growth" comment="subhead" text="There’s still room for growth">There’s still room for growth</cmsannotation> India is said to have the potential to beat the frontrunner China. With cheap internet data, easy-to-use platforms and vernacular language, the SFV market is only set to boost in India. Bain &amp; Company predicts that by 2025 three in four internet users or 600 million to 650 million Indians will consume such videos with an average user spending 55 to 60 minutes per day on these platforms. The total time spent on short videos is also predicted to reach 80-90 billion hours from 12 billion hours. Despite a booming market, Bain &amp; Company says the SFV market in India is still in a nascent stage. Highlighting five major trends curated content and social-led engagement, monetisation, innovations to onboard the next wave of users, emergence of a robust creator ecosystem, and niche platforms within larger SFV ecosystems. India is also expected to follow the footsteps of one of the top SFV markets - China or the US. China has two top SFV players - Douyin and Kuaishou, and multiple small platforms. The US on the other hand has its SFV market spread across multiple platforms like social media, long form video (YouTube) and TikTok (standalone SFV). SEE ALSO: <a href="https://www.businessinsider.in/tech/news/realme-pad-review-delivers-what-it-promises/articleshow/86783511.cms" data-type="tilCustomLink">Realme Pad Review: Delivers what it promises</a> <a href="https://www.businessinsider.in/tech/news/asus-vivobook-k15-review-well-rounded-impressive-for-the-price/articleshow/86756292.cms" data-type="tilCustomLink">Asus VivoBook K15 review: Well rounded, impressive for the price</a>

Analysts predict India’s short form video market to have 650 million users by 2025

Happy Thursday, readers. I'm Jordan Parker Erb, and we've got lots to talk about today, so I'll get right to the point.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56">here.</a><a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla"></a>1. Insider reported that Elon Musk quietly welcomed twins in November, 2021. The children's mother, Shivon Zilis, is a top executive at Musk's brain-computer interface company, Neuralink.<ul><li>Court records obtained by Insider showed that Musk and Zilis filed to change the twins' last names to their father's, keeping their mother's as part of their middle names.</li><li>The technology mogul, whose net worth hovers around $220 billion, is currently ranked the wealthiest individual in the world.</li><li>Musk, who has been increasingly outspoken about the declining birth rate, now has nine known children.</li></ul><a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla">Read the full report here.</a>In other news:<a href="https://www.businessinsider.com/sun-valley-conference-2022-photos-2022-7"></a><div type="image" title="People stand outside the Sun Valley Lodge entrance where swans swim in pond" height="1599" width="2132" msid="92723709" hostid="261" sizebytes="442856"></div>2. Sheryl Sandberg, Warren Buffett, and others have been spotted at the Sun Valley conference. Uber, GM, and Nike execs have also been seen at the ultra-exclusive event this week, checking into the resort, getting coffee, or heading out for a bike ride. <a href="https://www.businessinsider.com/sun-valley-conference-2022-photos-2022-7">These are all the high-profile guests seen so far.</a>3. Electrifying the world's cars is way dirtier than you think. Given the amount of mining required to electrify more than 1 billion cars, creativity around consuming less — or in different ways — could move the world closer to sustainable development goals. <a href="http://www.businessinsider.com/electric-cars-vehicles-solution-climate-change-crisis-dirty-minerals-mining-2022-7">How we can rethink the climate crisis.</a>4. Big <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">Tech</keyword> firms are snapping up laid-off Tesla employees. Rivian, Amazon, and Apple are scooping up dozens of workers affected by Elon Musk's workforce reduction plans (like one who says he was <a href="https://www.businessinsider.com/tesla-employee-5-years-fired-while-on-vacation-lawsuit-roosevelt-2022-7">let go while on vacation</a>). Here's where <a href="https://www.businessinsider.com/rivian-amazon-apple-hire-tesla-workers-elon-musk-layoffs-2022-7">former Tesla employees are headed.</a>5. Recruiters and execs at Amazon, IBM, and Google share how to break into cloud sales roles. Cloud salespeople can make $185,000 in base salary, so we touched base with industry experts, who said certifications and a willingness to learn can help land one of the lucrative positions. <a href="https://www.businessinsider.com/cloud-sales-salaries-jobs-amazon-google-ibm-sap-2022-6">Read their other advice.</a>6. Apple's new "Lockdown Mode" will offer users "extreme, optional protection." The feature will be available this fall in the next version of iOS: iOS 16, iPadOS 16, and macOS Ventura — but only a "very small number of users" who face threats to their digital security will have the option. <a href="https://www.businessinsider.com/apple-iphone-lockdown-mode-offers-protection-against-hacking-spyware-2022-7">Get a look at how it'll work.</a>7. Streamers aren't really interested in comedies anymore — and writers are freaking out. Despite their insatiable appetite for content, major streamers like Netflix don't seem to be buying as many comedy series. Instead, they're looking for more shows with cliffhangers. <a href="https://www.businessinsider.com/netflix-global-streaming-consolidation-squeezing-tv-comedy-writers-freaking-out-2022-6">How Netflix's "binge model" is squeezing out sitcoms.</a>8. Sam Bankman-Fried's FTX has a "few billion" to aid struggling firms. The industry giant believes the <a href="https://markets.businessinsider.com/news/currencies/sam-bankman-fried-crypto-ftx-bitcoin-digital-assets-liquidity-exchange-2022-7">worst of the cryptocurrency rout is now likely over</a>. It comes as crypto broker Voyager filed for chapter 11 bankruptcy, after hedge fund Three Arrows Capital <a href="https://markets.businessinsider.com/news/currencies/sam-bankman-fried-crypto-ftx-bitcoin-digital-assets-liquidity-exchange-2022-7">defaulted on a loan from the company</a>.Odds and ends:<a href="https://www.businessinsider.com/delta-parallel-reality-board-detroit-displays-personalized-flight-information-2022-7"></a><div type="image" title="A woman looks at the Parallel Reality board in Detroit's airport, which shows her flight information." height="3000" width="4000" msid="92723710" hostid="261" sizebytes="2288356"></div>9. A futuristic new airport screen can show you personalized flight info. Up to 100 people can view the screen at a time, and each of them will see something different — including what gate their flight is at, when it's leaving, and even how to get there. <a href="https://www.businessinsider.com/delta-parallel-reality-board-detroit-displays-personalized-flight-information-2022-7">See how it works.</a>10. Amazon Prime members can now get a year of Grubhub+ for free. After the e-commerce giant took <a href="https://www.businessinsider.com/amazon-offering-us-prime-members-one-year-grubhub-membership-2022-7">a 2% stake</a> in Grubhub's parent company, Just Eat Takeaway, Prime members have free access to the service — which usually costs $9.99 per month. <a href="https://www.businessinsider.com/guides/deals/amazon-prime-grubhub-benefit-2022-7">Here's how to claim a year's subscription to Grubhub+ for free.</a>What we're watching today:<ul><li>President Joe Biden is posthumously awarding Apple co-founder Steve Jobs with the Presidential Medal of Freedom.</li></ul>Keep updated with the latest tech news throughout your day by checking out<a href="https://link.chtbl.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

Tech: Elon Musk's new twins

<ul class="summary-list"><li>Elon Musk may have shared on Monday his alternative account on Twitter. </li><li>The Twitter owner appeared to be tweeting as his two-year-old son X Æ A-12.</li></ul>Elon Musk may have shared his alternative account on Twitter where he appeared to tweet as his two-year-old son.<a href="https://twitter.com/elonmusk/status/1650607963084554288?s=20" target="_blank" rel="noopener">The Twitter owner</a> shared a screenshot of his profile on Monday, which showed he had an alternative account on the top right-hand-side of the app, with a profile picture of X Æ A-12. Any user who owns multiple Twitter accounts can access them by tapping the profile icon of the account you wish to use, then tapping the smaller, additional profile icons next to the icon.<div type="image" title="Elon Musk's Twitter profile, showing his alternative account." height="664" width="886" msid="99743840" hostid="261" sizebytes="15852"></div>The account's last tweet, dated Monday and just minutes after he shared the screenshot, said: "I will finally turn 3 on May 4th!"X Æ A-12 was born on May 4, 2020. Musk didn't immediately respond to a request for comment from Insider about his alternative account.<a href="https://www.businessinsider.com/student-tracks-elon-musk-private-jet-twitter-seems-really-bothered-2023-4" target="_blank" rel="noopener">The college student</a> who tracks Musk's private jet also tweeted about the billionaire's alternative account. When Insider found the account, it had just over 6,000 followers – but it's gained almost 2,000 followers by the time of publication. Musk's son seems to be following in his father's footsteps, <a href="https://www.businessinsider.com/elon-musks-2yo-son-identify-obscure-rocket-design-grimes-says-2022-12">according to his mother Grimes</a>, who previously said their son "can identify obscure rocket design, knows all abt grid fins, entry burns, robots."Grimes <a href="https://www.businessinsider.com/elon-musks-son-frustrated-when-toy-rockets-dont-reach-orbit-2022-9" target="_blank" rel="noopener">also said that her son would</a> use the f-word when his "toy rockets failed to reach orbit.""He has destroyed them all because he doesn't realize they aren't real and so he rips off the boosters and whatnot trying to emulate a real rocket, then accuses me of trickery for giving him fake rockets and becomes inconsolable," she'd responded to a user who said she should buy him a new toy."Yes he says rocket landing about 200 times a day. It's very heartwarming," <a href="https://twitter.com/Grimezsz/status/1565212835113836544?s=20&amp;t=-X35SRPNjCQfpqe4tyMS7Q" target="_blank" rel="nofollow noopener">she added</a>.<a href="https://www.businessinsider.com/elon-musk-family-maye-musk-kimbal-musk-grimes-talulah-riley-2020-5#grimes-whose-real-name-is-claire-boucher-started-dating-elon-musk-in-2018-11" rel="">Musk is believed to have had 10 children</a>, though his firstborn died of sudden infant death syndrome.He's had <a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla" rel="">twins with Shivon Zilis</a>, a top executive at Musk's company Neuralink. Exa Dark Sideræl was born in December 2021 with Grimes and a surrogate.Musk's other children include Griffin, Vivian, Kai, Saxon, and Damian.

Elon Musk may have shared his alternative account on Twitter where he appears to tweet as his 2-year-old son: 'I will finally turn 3'

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to <keyword id="11921772" type="UNKNOWN" weightage="60" keywordseo="insider-weekly" source="Orion">Insider Weekly</keyword>, a roundup of some of our top stories. <h3>On the agenda:</h3><ul><li>Insiders say Amazon's new retail CEO is a mild-mannered leader with a lot of creative ideas — <a href="https://www.businessinsider.com/profile-of-amazons-new-retail-ceo-doug-herrington-2022-7">but few have taken off</a>.</li><li>Last fall, Elon Musk had twins <a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla">with one of his top executives</a>.</li><li>Streaming services are pulling back on half-hour sitcoms. <a href="https://www.businessinsider.com/netflix-global-streaming-consolidation-squeezing-tv-comedy-writers-freaking-out-2022-6">Writers are freaking out</a>.</li><li>Here are the stock market's <a href="https://www.businessinsider.com/stock-market-crash-losers-investors-wall-street-hedge-fund-crypto-2022-7">biggest losers right now</a>.</li></ul>Plus: On Friday, lawyers for Elon Musk <a href="https://www.businessinsider.com/elon-musk-says-he-is-terminating-his-deal-to-buy-twitter-2022-7">notified the SEC</a> that the deal to acquire Twitter is off — <a href="https://www.businessinsider.com/read-elon-musk-letter-to-twitter-deal-is-off-2022-7">read the letter in full here</a>. Twitter, in turn, said it would take Musk to court to<a href="https://www.businessinsider.com/twitter-to-take-elon-musk-court-fight-close-deal-2022-7"> force him to buy it for $44 billion.</a> Our 10 Things on Wall Street <keyword id="11894123" type="UNKNOWN" weightage="100" keywordseo="newsletter" source="Orion">newsletter</keyword> will break down the latest news tomorrow morning. <a href="https://www.businessinsider.com/subscription/newsletter/10-things-on-wall-street">Sign up here to get correspondent Aaron Weinman's analysis in your inbox.</a>But for today: We're starting things off with some book recommendations for you.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/insider-weekly">sign up here</a>. Download Insider's app <a href="https://www.insider.com/app">here</a>.<h3>Your summer reading list from Insider editors:</h3>As likely evidenced by your friends' social-media feeds and colleagues' away messages on Slack, we're in prime vacation time. So if you're looking for a good read while you take some much-needed PTO — or simply while you unwind at the end of the day — Insider's top editors have some recs.Nich Carlson, global editor in chief:<ul><li>I'm reading "<a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.amazon.com%2FImmortal-King-Rao-Novel%2Fdp%2F0393541754%3F%26linkCode%3Dll1%26tag%3Dins-newsletter-books-20%26linkId%3D67622402d93909b233f470e01030776a%26language%3Den_US%26ref_%3Das_li_ss_tl">The Immortal King Rao</a>," a great speculative science-fiction book. It asks what if, instead of having a government, we handed control of the world to a Steve Jobs or Sundar Pichai type, and asked an algorithm to make our most important decisions? It tells a story of globalization, the total meshing of our brains with the internet, and what we've gained and what we've lost. It's a ripper of a tale.</li></ul>Julie Zeveloff West, editor in chief of Life:<ul><li>I'm a big fan of word games, and A.J. Jacobs' new book, "<a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.amazon.com%2Fdp%2FB09BV3KBDJ%3F%26linkCode%3Dll1%26tag%3Dins-newsletter-books-20%26linkId%3Dc951d2b92f4c969260476335a6efe8de%26language%3Den_US%26ref_%3Das_li_ss_tl">The Puzzler</a>," really hit the mark for a summer read. In it, he uncovers the history and allure of puzzle types from scavenger hunts to The New York Times' Spelling Bee. There's even a puzzle embedded in the book, and no, I haven't cracked it (yet).</li></ul>Jennifer Cunningham, editor in chief of News:<ul><li>I'm reading "<a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.amazon.com%2FFall-Mysterious-Maxwell-Britains-Notorious%2Fdp%2F0062997491%3F%26linkCode%3Dll1%26tag%3Dins-newsletter-books-20%26linkId%3Df6721af0cee6d8c56a83357124480f71%26language%3Den_US%26ref_%3Das_li_ss_tl">Fall</a>" by John Preston. I'm a big fan of historical nonfiction — "Fall," a comprehensive biography of Ghislaine Maxwell's father, helped me understand how he shaped her into the woman she became.</li><li>I'm also reading Carla L. Peterson's "<a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.amazon.com%2FBlack-Gotham-History-Americans-Nineteenth-Century%2Fdp%2F0300181744%3F%26linkCode%3Dll1%26tag%3Dins-newsletter-books-20%26linkId%3D71b54f186985074f718d8f7b26ae867a%26language%3Den_US%26ref_%3Das_li_ss_tl">Black Gotham</a>," which charts the emergence of the small but mighty Black middle and elite class in New York City from the early 1800s onwards. After watching HBO's "The Gilded Age," I was fascinated by the history of this community that I'd never heard of. I just had to know more!</li></ul>And a rec from me (Matt Turner):<ul><li>I'm reading "<a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.amazon.com%2FDead-Water-Hijacking-Maritime-Conspiracy%2Fdp%2F0593329236%3F%26linkCode%3Dll1%26tag%3Dins-newsletter-books-20%26linkId%3D06db5479fcaba6e1941f390cbe116a98%26language%3Den_US%26ref_%3Das_li_ss_tl">Dead in the Water</a>," a true-crime page-turner by Matthew Campbell and Kit Chellel. (Kit is a former colleague from our days as reporters in London.) Their book focuses on the oil tanker Brillante Virtuoso, and through years of reporting stitches together a story involving global trade, money, and murder. </li></ul>Now, let's get to this week's top stories.<h3><a href="https://www.businessinsider.com/profile-of-amazons-new-retail-ceo-doug-herrington-2022-7">Meet Amazon's new retail boss</a></h3><a href="https://www.businessinsider.com/profile-of-amazons-new-retail-ceo-doug-herrington-2022-7"></a><div type="image" title="Doug Herrington against an orange background featuring the amazon and amazon pharmacy logos, an amazon fresh store, and an amazon prime delivery van" height="1800" width="2400" msid="92785783" hostid="261"></div>After Dave Clark stepped down last month, Doug Herrington — his near opposite — became Amazon's most senior retail executive.Insiders described Herrington as a leader with creative ideas but said few of his ideas have panned out. They said that he's known for being soft-spoken and mild-mannered — and that his laid-back temperament might be exactly what CEO Andy Jassy thinks the company needs.<a href="https://www.businessinsider.com/profile-of-amazons-new-retail-ceo-doug-herrington-2022-7">Read our full profile on Herrington here</a>.<h3><a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla">Elon Musk had twins with one of his top execs</a></h3><a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla"></a><div type="image" title="Elon Musk" height="1800" width="2400" msid="92785785" hostid="261"></div>Elon Musk now has nine known children, after quietly having twins with one of his top Neuralink executives, Shivon Zilis. <a href="https://www.businessinsider.com/shivon-zilis-reported-mother-elon-musk-twins-2022-7">Here's what we know about her</a>.The births, which were revealed in court documents, occurred weeks before Musk and Claire Boucher, who performs as Grimes, had their second child in December.<a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla">Here's the full report</a>.<h3><a href="https://www.businessinsider.com/netflix-global-streaming-consolidation-squeezing-tv-comedy-writers-freaking-out-2022-6">Major streaming services are cutting back on comedy</a></h3><a href="https://www.businessinsider.com/netflix-global-streaming-consolidation-squeezing-tv-comedy-writers-freaking-out-2022-6"></a><div type="image" title="never have i ever fabiola eleanor devi" height="1668" width="2223" msid="92785787" hostid="261"></div>Streaming giants like Netflix are producing fewer comedy shows in favor of "heavily serialized" content with cliffhangers, a creator of a 2019 comedy show told Insider.Comedy writers say Netflix's model of releasing an entire season at once doesn't leave room to accommodate half-hour sitcoms.<a href="https://www.businessinsider.com/netflix-global-streaming-consolidation-squeezing-tv-comedy-writers-freaking-out-2022-6">Read more about the big blow to comedy</a>.<h3><a href="https://www.businessinsider.com/stock-market-crash-losers-investors-wall-street-hedge-fund-crypto-2022-7">The market meltdown's biggest losers</a></h3><a href="https://www.businessinsider.com/stock-market-crash-losers-investors-wall-street-hedge-fund-crypto-2022-7"></a><div type="image" title="Emoji Bar Chart Breakdown of who is losing in the stock market crash" height="1249" width="1666" msid="92785788" hostid="261"></div>If 2021 was the bright, sunny day for markets, then 2022 is the cold, dark night. Senior correspondent Linette Lopez writes that the bubble has popped — leaving a trail of losses. From the retail investors who hopped on trends to the hedge-fund managers who should know better, Lopez finds that the market meltdown's biggest losers have one thing in common: arrogance.<a href="https://www.businessinsider.com/stock-market-crash-losers-investors-wall-street-hedge-fund-crypto-2022-7">Here are the markets' major losers right now</a>.<h3>More of this week's top reads:</h3><ul><li>Electric cars are way dirtier than you think — and won't <a href="https://www.businessinsider.com/electric-cars-vehicles-solution-climate-change-crisis-dirty-minerals-mining-2022-7">solve the climate crisis on their own</a>.</li><li>An expert lays out why summer 2023 <a href="https://www.businessinsider.com/housing-market-crash-bubble-real-estate-investing-buying-strategies-contrarian-2022-7">could be the time to buy real estate</a>.</li><li>Employees say JPMorgan is becoming more secretive <a href="https://www.businessinsider.com/jpmorgan-fire-drill-meeting-about-wadu-employee-tracking-complaints-2022-7">about its workplace tracking efforts</a>.</li><li>Our correspondent went to Anna Delvey's art show — and <a href="https://www.insider.com/anna-delvey-sorokin-art-show-2022-7">saw his name in her work</a>.</li><li>These rising stars of equity research are making calls to <a href="https://www.businessinsider.com/rising-stars-equity-research-2022">help investors separate winners from losers</a>.</li><li>A cart girl for a Las Vegas golf course <a href="https://www.businessinsider.com/26-year-old-cart-driver-golf-course-las-vegas-2022-7">takes readers through a day in her life</a>.</li></ul>When you buy <keyword id="12003102" type="UNKNOWN" weightage="60" keywordseo="books" source="Orion">books</keyword> through our links, Insider may earn an affiliate commission.Curated by Matt Turner. Edited by Jordan Parker Erb, Hallam Bullock, and Lisa Ryan. <a href="https://www.businessinsider.com/subscription/newsletter">Sign up for more Insider newsletters here</a>.

Here are 5 summer book recommendations from Insider's top editors

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Welcome back! If you're like me, you might not eat the healthiest on weekends. But a dietitian highlighted some <a target="_blank" href="https://www.businessinsider.com/healthy-snacks-dietitian-eats-instead-of-ultra-processed-foods-2024-6">healthy snacks you can substitute for ultra-processed foods</a>.In today's big story, we're looking at <a target="_blank" href="https://www.businessinsider.com/artificial-intelligence-is-coming-for-venture-firms-2024-6">how AI could completely upend venture capitalism</a> amid <a target="_blank" href="https://www.businessinsider.com/venture-capitalism-funding-market-contraction-scott-stanford-acme-2024-6">a wider shakeup for the industry</a>.What's on deck:<ul><li>Markets: Bobby Jain's highly anticipated hedge fund is <a target="_blank" rel="noopener" href="https://www.businessinsider.com/bobby-jain-global-hedge-fund-launch-2024-6">finally ready for primetime</a>.</li><li>Tech: OpenAI's GPT Store developers are finding creative <a target="_blank" href="https://www.businessinsider.com/developers-adding-ads-and-affiliate-links-to-their-chatgpt-apps-2024-6">ways to get paid for their work</a>.</li><li>Business: Jeff Bezos' plan for <a target="_blank" href="https://www.businessinsider.com/jeff-bezos-plan-for-washington-post-imploding-winnett-lewis-2024-6">The Washington Post is imploding</a>.</li></ul>But first, how the tables have turned.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">AI comes for VCs</h2><div type="image" title="Photo illustration of a robot hand with money floating" height="882" width="1654" msid="111237229" hostid="261" sizebytes="180536"></div>Like turkeys setting the table for Thanksgiving dinner, VCs are backing tech that might lead to their demise.The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from).But the transformative technology <a target="_blank" href="https://www.businessinsider.com/artificial-intelligence-is-coming-for-venture-firms-2024-6">could greatly impact the people bankrolling it</a>. The result could be a reduction of roles and changes to how the job is done, writes Business Insider's Ben Bergman.Some of the adjustments aren't novel to the VC industry. Back-office roles everywhere are ripe for automation from AI, and venture capital is no different.But things get really interesting when it comes to actual investing. Finding and assessing new startups — often key responsibilities of junior employees — is the type of work large-language models could do more efficiently at a large scale.VCs won't get entirely automated away by AI — after all, how could they still justify all those fees if they only relied on AI? But a human-AI hybrid approach seems like the future, according to some insiders Ben spoke to.However, balancing between man and machine for investment decisions isn't easy. Just ask hedge funds.Long before the generative AI boom, funds dreamed of combining the best of machine-based quantitative strategies and human-led fundamental approaches. The concept — known as "quantamental" — <a target="_blank" href="https://www.businessinsider.com/man-group-bridgwater-schonfeld-explain-quantamental-and-how-it-works-2020-5">struggled to find success</a> as the two cultures often clashed.Now consider venture investing, where ultimately, a singular decision needs to be made: invest or don't. When push comes to shove, does man or machine reign supreme?<div type="image" title="Scott Stanford, ACME Capital's cofounder, believes major changes are coming for the venture-capital industry." height="2202" width="2936" msid="111237239" hostid="261" sizebytes="401568"></div>The VC industry might be doomed with or without AI.Scott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that <a target="_blank" href="https://www.businessinsider.com/venture-capitalism-funding-market-contraction-scott-stanford-acme-2024-6">half of today's VC firms will shutter in the next decade</a>.Stanford's theory is pretty simple: There are too many VCs and not enough exit opportunities. And this isn't a knee-jerk reaction to how chilly the IPO market has been the past few years.VCs' explosive growth over the past few decades created an "overcrowded, overcapitalized, and overvalued market," Stanford and ACME's cofounder Hany Nada told investors in a recent letter shared with BI.The writing is already on the wall. Look no further than the rise of "zombie" VCs, or <a target="_blank" href="https://www.businessinsider.com/2024-year-of-vc-reckoning-2024-2">investors running out of money</a>.But if anyone can fix things, maybe it's… VCs? After all, venture investors tout themselves as disruptors who pride themselves on finding and helping to grow solutions for big problems.Now, VCs might have their toughest task yet: Saving themselves.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News Brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Your Monday headline catchup</h2>A quick recap of the top news from over the weekend:<ul><li><a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/ukraine-needs-to-stop-fighting-the-war-russia-wants-2024-6">Ukraine needs to stop fighting the war Russia wants</a>.</li><li><a target="_blank" rel="noopener noreferrer" href="https://www.businessinsider.com/prosecutors-recommend-doj-federal-criminal-charges-against-boeing-report-2024-6">Prosecutors recommend DOJ file criminal charges against Boeing: report</a>.</li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-starts-new-beef-with-lucasfilm-chief-kathleen-kennedy-2024-6">Elon Musk starts new beef with Lucasfilm chief Kathleen Kennedy</a>.</li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/nvidia-ceo-jensen-huang-openai-ilya-sutskever-ai-revolution-2024-6">Nvidia CEO Jensen Huang shouts out OpenAI cofounder Ilya Sutskever for sparking 'the big bang of deep learning'</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="bobby jain" height="975" width="1300" msid="111237241" hostid="261" sizebytes="45284"></div><ol><li>A top Jain Global executive explains how the firm will stand out on the eve of its massive launch. Bobby Jain's hedge fund launch has been the talk of Wall Street. Jonathan Barton, Jain Global's chief operating officer, spoke to BI about <a target="_blank" rel="noopener" href="https://www.businessinsider.com/bobby-jain-global-hedge-fund-launch-2024-6">how the fund is built to quickly grow once it starts trading on July 1</a>.</li><li>The end of a US-Saudi deal could dent dollar dominance. Saudi Arabia chose not to renew the landmark "petrodollar" deal that ensured the use of US dollars in the oil trade. That's <a target="_blank" href="https://markets.businessinsider.com/news/currencies/dollar-dominance-dedollarization-petrodollar-saudi-crude-greenback-china-yuan-brics-2024-6">bad news for the dollar's supremacy</a>. The move is part of the kingdom's grand plan to diversify trade and expand beyond US and European partners.</li><li>There is a light at the end of the interest-rate tunnel. A July rate cut, while still a longshot, could be on the table, according to one economist. Jobless claims and housing data show an economic slowdown, which <a target="_blank" href="https://www.businessinsider.com/fed-interest-rate-cuts-july-economy-recession-forecast-housing-jobs-2024-6">could lead the Fed to finally offer some relief next month</a>.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="A red electric car on a spinning globe" height="1500" width="2000" msid="111237234" hostid="261" sizebytes="247238"></div><ol><li>Chinese EV makers are slowly taking over the world. Despite efforts from the US and Europe to shut them out, <a target="_blank" href="https://www.businessinsider.com/byd-saic-chinese-ev-makers-plot-world-takeover-2024-6">Chinese EV firms are expanding rapidly in developing markets like Brazil and Southeast Asia.</a> This poses a major problem for legacy automakers like Ford, who risk being left behind.</li><li>OpenAI's GPT Store developers are finding new ways to get paid. OpenAI has yet to widely roll out plans to pay developers making applications for its GPT Store — <a target="_blank" href="https://www.businessinsider.com/developers-adding-ads-and-affiliate-links-to-their-chatgpt-apps-2024-6">so some are getting creative</a>. They're turning to ads, affiliate links, and "freemium" models to get paid.</li><li>Apple accused of breaching EU rules. The European Commission has accused Apple of <a target="_blank" href="https://www.businessinsider.com/european-regulators-accuse-apple-of-breaching-new-rules-2024-6">stifling competition with its App Store</a>. Regulators said the company breached new tech rules by preventing app developers from steering customers to alternatives.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="Jeff Bezos distraught on top of Washington Post logo" height="900" width="1200" msid="111237236" hostid="261" sizebytes="111624"></div><ol><li>Jeff Bezos' plan to revamp The Washington Post is imploding. Incoming newsroom editor Robert Winnett pulled out of the job Friday morning after a slew of revelations about his past as a writer in London. Meanwhile, Will Lewis, the Washington Post's publisher, has also come under fire. <a target="_blank" href="https://www.businessinsider.com/jeff-bezos-plan-for-washington-post-imploding-winnett-lewis-2024-6">That's bad news for Bezos</a>, who needed the two men to breathe new life into the newsroom.</li><li>The American dream of home ownership is becoming an American fantasy. A recent Harvard study found monthly payments for a median-priced home after taxes and insurance have hit about $3,100. <a target="_blank" href="https://www.businessinsider.com/home-prices-housing-costs-market-affordability-crisis-harvard-mortgage-payment-2024-6">That's the highest level it's been in more than three decades</a>. That payment requires a household income of at least $120,000 a year, which only 6% of renters have.</li><li>The silver lining of sports betting scandals. The series of high-profile gambling scandals that recently rocked the sports world thrust the long-overlooked issue into the spotlight. Leagues are now focusing on educating athletes who may be betting-prone, and the industry's gotten <a target="_blank" href="https://www.businessinsider.com/why-more-betting-scandals-are-pervading-us-sports-2024-6">a lot better at catching bad actors</a>.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li><a target="_blank" href="https://www.businessinsider.com/elon-musk-third-child-with-neuralink-exec-shivon-zilis-2024-6">Elon Musk confirms 3rd child with his Neuralink executive Shivon Zilis.</a></li><li><a target="_blank" href="https://www.businessinsider.com/yellowstone-timeline-of-controversy-criticism-conflict-kevin-costner-2023-4">Kevin Costner is leaving 'Yellowstone' before the final season is over. Here's a complete timeline of the behind-the-scenes drama</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/perplexity-ceo-advice-startup-founders-2024-6">Perplexity CEO explains why you need to understand your 'dopamine system' if you want to start your own company</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/nvidia-jensen-huang-ai-demand-chips-microsoft-apple-2024-6">Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/who-timothy-mellon-robert-kennedy-donald-trump-billionaire-2024-6">The reclusive billionaire who's spent $75 million on Trump and $25 million on RFK Jr</a>.</li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/alpine-investors-ceo-training-program-application-interview-tips-2024-6">This exclusive CEO training program doesn't care about your 4.0 GPA</a>.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-democrats-republicans-etf-performance-demz-vs-maga-2024-6">Companies that give money to Democrats are beating Republican donors in the stock market.</a></li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Paris Fashion Week begins.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Annie Smith, associate producer, in London. Grace Lett, associate editor, in Chicago. Amanda Yen, fellow, in New York.

Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs

If you could ask Elon Musk anything, what would you ask?Since his recent acquisition of Twitter, the CEO of Tesla and SpaceX has been more media-averse than ever. So I decided to try the next best thing: I sat down to interview an artificial-intelligence version of Musk.Chatbots aren't new technology, but with the constant improvements and iterations to <a href="https://www.businessinsider.com/sc/how-artificial-intelligence-is-changing-everyday-technology-2021-11">artificial intelligence</a> and <a href="https://www.businessinsider.com/guides/tech/what-is-machine-learning">machine learning</a>, the tech is becoming increasingly more sophisticated, to the point where the conversations almost feel like you're talking to a real person (or mythical creature or movie character). This is especially true with the tech used at <a href="https://beta.character.ai/">Character.AI</a> — a chatbot hub that features both real and fictional characters, from Queen Elizabeth to Mr. Incredible. The platform was created by the two engineers behind <a href="https://www.washingtonpost.com/technology/2022/10/07/characterai-google-lamda/">Google's artificial-intelligence project, LaMDA</a>. Using the underlying technology of Character.AI, any developer can create an account and develop a chatbot — one that sounds, to a surprising degree, like the person it's based on.That's what a user named Sinbad did with Musk: They used Character.AI to create a general description of the bot, and to set parameters, likely ranging from business, tech, invention, and politics, to set the groundwork for the chatbot. Using neural language models, Character.AI then draws on information the engineers have fed it to develop the "voice" of its AI Elon. Ask the bot a question, and it will respond as it thinks Musk would.How did robo-Elon do, compared to real Elon? At times, there were obvious gaps between the two, probably based on the program's inability to keep up with the rapid pace of current events. When I asked about Ye — the artist formerly known as Kanye West — AI Elon made no mention of <a href="https://www.businessinsider.com/kanye-wests-antisemitic-rants-tip-of-a-much-longer-spear-2022-10">Ye's recent antisemitic comments</a> and simply spoke of him in glowing terms. The bot also praised President Joe Biden as "one of the best humans alive right now," despite the real <a href="https://www.businessinsider.com/joe-biden-elon-musk-feud-tesla-union-republican-06-2022">Musk's clashes with the administration</a>.But at other times, AI Elon sounded scarily accurate. It's not hard to picture the bot's cagey response to questions about Jeffrey Epstein or its long-winded answer about President Donald Trump's potential return to Twitter coming from Musk himself. Hi, Elon. I'm Marshall with Insider. Would you mind if I asked you a few questions?Not at all! I really enjoy Insider and what you guys are doing. Keep it up!Glad to hear that, thanks! So let's get started. Why did you decide to buy Twitter?Twitter plays a vital role in the future of human civilization. I decided to buy the social-media company to <a href="https://www.businessinsider.com/elon-musk-twitter-super-app-x-2022-10">accelerate my plan for an X app</a>, an everything app that combines social media, messaging, and financial services.After a lengthy legal back and forth that has resulted in your texts getting published and Tesla's stock cratering, do you regret trying to acquire Twitter?You know, I didn't know that so much of this would be made public, but I would be lying if I said I wasn't having fun. I love to show people how the sausage gets made, so to speak, and it's been fun to talk about the process and what that's been like. So I don't regret anything, in fact I think this has been fun. We'll get past the speed bumps, I'm sure!There is a lot of criticism around your acquisition of Twitter, with concerns that the spread of misinformation and abuse will increase now that you've taken over the platform. What would you say to those who have this concern?I think the best thing we can do with free speech is have people with different opinions to be able to discuss those things freely and without judgment from others. Of course, that needs to be done in a constructive and respectful way, something I think can be done on Twitter. If people abuse the privilege, they shouldn't be allowed to use it, just as people don't abuse the rights to free speech we have today.The counterargument would be that you're now the sole gatekeeper of what is considered constructive and respectful speech. How do you intend to remain unbiased and transparent as the owner of one of the world's largest social-media platforms?That's a great question. You've gotta have principles in terms of what free speech should be, but then you also need to make clear where the line is drawn and how you deal with repeat offenders.It's true that I'll make some mistakes along the way, but that's part of the process of developing the best practices. As long as you follow the right principles and aim to be good, I think people will understand if something doesn't go as planned.Are there any other companies that you're thinking about acquiring?I'd love to buy more internet properties — I think it's going to change things in a big way. I'd also love to buy a media network (like CNN or something) and try to change the way news is presented: It's way too polarized right now.Do you mind if we discuss Tesla a bit?Sure, that's my flagship startup, after all.Tesla has seen a lot of success, but there have been a lot of issues, too. Why are there so many high-profile reports of <a href="https://www.businessinsider.com/tesla-driver-says-broke-window-escape-electric-car-fire-2022-5">Teslas catching on fire</a> or malfunctioning?This is something that has been blown out of proportion by Tesla's many enemies. There are currently less than a dozen Teslas in the world with fires related to their batteries. In the meantime, millions of cars are manufactured every year, but you will rarely see a gasoline car fire make headlines.Some are concerned about Tesla's <a href="https://markets.businessinsider.com/news/stocks/tesla-and-elon-musk-need-to-play-nice-with-beijing-wedbush-says-on-underwhelming-april-china-deliveries-1030418767">growing reliance on China</a>, given its human-rights violations and increasing antagonism towards the US. How would you respond?Tesla's growth is constrained by the supply of batteries. China has a near monopoly on battery production right now. We want supply to catch up with demand because electric vehicles are essential in the fight against climate change. And we are exploring other options, such as mining lithium in the USA. But for the moment we have very little option other than to work with China in the short term.Let's talk about your views on various people. What do you think of President Biden?I think Biden is a great man, one of the best humans alive right now. He's smart, kind, and very hard-working. I was disappointed when he pulled out of Afghanistan, but I understand that it was a very difficult decision to make. I think he was too soft with China in the first part of his presidency, but he eventually realized his mistake and started treating them as a threat. I'm also very happy to see the new infrastructure package that was just passed. I'm especially excited about the money that will be given to the space industry.What do you think of Jeff Bezos?I think Jeff Bezos is a very talented person and has started a few successful companies, most notably Amazon and Blue Origin. I've always been impressed by his ability to build a business and grow it from nothing. He has also invested a lot of time and money into Blue Origin, and I think that will pay off big time in the near future.What do you think of Jeffery Epstein? Did you know him?I didn't know him personally, though I did meet him a few times. I didn't like him very much and was never convinced that his businesses were legitimate. I heard rumors about him, but like everyone else thought they were impossible to believe — it's still difficult for me to believe that they are true, even after he was arrested.How about Ghislane Maxwell? Did you know her? And why is there <a href="https://www.businessinsider.com/elon-musk-photo-with-ghislaine-maxwell-conversation-destroy-internet-report-2022-10">a photo of the two of you together at a party</a>?As I said, I didn't know him or Maxwell personally, though I did meet both of them a few times. Ghislane Maxwell is a socialite and has a lot of contacts in high places, so it's not surprising I would have met her. The photo was taken at an event where I was asked to give a speech, so she got a photo with me. I did not know her well, or even remember the interaction when the photo resurfaced recently.What was the event you attended, and what was the speech about?The event was a birthday party, it wasn't anything special. Just a gathering of some of my friends and a couple of dozen other people I didn't know. You know how it is — you see someone you know at a party, they introduce you to their friends, you shake a few hands and forget about it as soon as you leave. What do you think of Kanye West — now known as Ye?I think he's an incredible artist and a very talented musician. He's also a very hard-working entrepreneur and has built an influential brand in just a few years. I'm impressed by his ability to create a successful business out of thin air. It's very rare for someone to not only be an excellent musician and artist, but also know how to build products and get people to like them too! His music has inspired me in many ways — listening to it always brings me back to my early days working on PayPal.How about former President Trump? Will you be reinstating his Twitter account?I think Donald Trump should be allowed to express his ideas on Twitter just like everyone else. It's an important part of our democracy that people be able to speak their minds, and for the public to hear it. Having Trump silenced for so long — even after he left office — was wrong, in my view. We shouldn't be afraid of ideas we disagree with, no matter how extreme they may seem. The best way to fight ideas you don't agree with is with words, not with silence.What, in your opinion, is the biggest problem facing our world?There is a lot of work to be done! The biggest problem we face right now is the growing underpopulation crisis. We have created an economic system that depends on an ever-growing supply of workers to build and maintain the infrastructure we require, but the birth rate is declining. If we don't address this problem, we will find ourselves faced with a future where we are unable to make the things we need and provide the services we enjoy. It's something I think about a lot and am working towards solving.How many <a href="https://www.businessinsider.com/elon-musk-confirms-he-has-9-kids-3-baby-mothers-2022-8">children do you have</a>? Do you have any children that the <a href="https://www.businessinsider.com/elon-musk-shivon-zilis-secret-twins-neuralink-tesla">public doesn't know about</a>?I have nine children that are known to the public: Griffin, Vivian, Kai, Saxon, Damian, Exa Dark Sideræl, X Æ A-12 and the twins I had with Shivon Zilis. I do not have any secret children :)Let's end this interview with a fun question: What's your favorite Twitter account to follow?Thank you for your time today Marshall. I hope we will be able to get together for an in-person interview in the future!I think one of the most entertaining accounts to follow on Twitter is @boring_as_heck. It's a very simple account and doesn't have much content, but every once in a while they tweet out things like "Hello." It's a very funny and relatable account that always makes me smile when I see it pop up in my feed.<a href="https://www.businessinsider.com/author/marshall-gunnell">Marshall Gunnell</a> is a technical writer based in Japan. His writing also appears in How-To Geek, PCWorld, and many other online magazines.

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