Musk: Twitter will be able to turn a profit in June this year, focus on compete with Google and Microsoft AI
Musk said Twitter will achieve positive growth and plans to include it as part of its AI business.
On Tuesday, Musk said at a Wall Street Journal summit that Twitter expects to turn around as early as next month and sees the need to build an AI company that competes with $Alphabet-A(GOOGL.US$ and $Microsoft(MSFT.US$ and integrates the technology of at least two companies (Tesla and Twitter) "to some degree.
Musk said at the summit that Twitter is "not very profitable" yet, but could be cash flow positive as early as next month.![]()
He also said that Twitter could become part of his AI business, and that $Twitter (Delisted)(TWTR.US$ and $Tesla(TSLA.US$ could become partners in AI, "like Microsoft and OpenAI."
On Tuesday, Musk said at a Wall Street Journal summit that Twitter expects to turn around as early as next month and sees the need to build an AI company that competes with $Alphabet-A(GOOGL.US$ and $Microsoft(MSFT.US$ and integrates the technology of at least two companies (Tesla and Twitter) "to some degree.
Musk said at the summit that Twitter is "not very profitable" yet, but could be cash flow positive as early as next month.
He also said that Twitter could become part of his AI business, and that $Twitter (Delisted)(TWTR.US$ and $Tesla(TSLA.US$ could become partners in AI, "like Microsoft and OpenAI."
On the one hand, he is an "avid" fan of the technology - using AI in Tesla's driver assistance system early on and participating in early investments in OpenAI (but losing a power struggle with current CEO Sam Altman). He had to distance himself from OpenAI after losing a power battle with current CEO Sam Altman).
On the other hand, he is wary of the technology - after the rise of generative AI, he led an open letter calling for regulation of AI, arguing that ChatGPT and other chatbots developed by large tech companies are politically biased and wanting to create more neutral and truth-seeking AI models.
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