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ELON MUSK WILL PARTICIPATE IN VIVA TECH PARIS TO PRESENT CYBERTRUCK AND X’S AI

Elon Musk will participate in Viva Tech Paris to present Tesla’s Cybertruck to Europe. Additionally, he will discuss the future of AI in connection with X’s Grock, Tesla, and Neuralink during an exclusive Q&A session with the audience. Readers of Metaverse Fashion Magazine have the chance to ask Musk questions about recent AI developments on May 23, from 5:30 PM to 6:15 PM (Paris time).

President Emmanuel Macron has attracted investments from major American tech companies like Amazon and Microsoft, aiming to better integrate capital markets across Europe. He hopes this will raise the capital needed to nurture emerging AI companies.”Luxury is always linked with innovation because your aim is always to provide something no one else can,” said Francois Bitouzet, managing director of VivaTech. He cited Britain’s exit from the EU as a factor in France’s growth.

“The ecosystem in Paris is very dynamic, and there has been a lot of investment here in the past few years,” he added.Organizers say Paris’ status as the global capital of luxury can help attract investment in technology.

The “Viva Technology” conference will highlight French innovators as attendees tackle key questions around artificial intelligence (AI), including its potential impact on upcoming elections and climate change.Bernard Arnault, Chairman and CEO of LVMH and one of the world’s wealthiest individuals, is expected to draw crowds during his visit to the group’s sprawling stand, featuring new tech from prestigious brands like Louis Vuitton, Tag Heuer, and Dior.Over the past 18 months, France has worked to build a reputation as a leader in generative AI, the technology behind OpenAI’s ChatGPT and similar tools, striving to attract new startup launches.

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Tesla Is No Longer Elon Musk’s Most Valuable Asset

**Breaking News: Tesla Falls Behind as Musk’s SpaceX Surges Ahead** In a stunning turn of events, Tesla is no longer the crown jewel of Elon Musk’s empire, as SpaceX has officially surpassed the electric vehicle giant in value for the first time in five years. Musk’s fortune, once heavily anchored by Tesla, has shifted dramatically following a series of alarming developments. Musk’s financial landscape took a hit after he funneled over $200 million into Donald Trump’s re-election campaign, but he rebounded quickly, briefly becoming the world’s first $400 billion individual. However, Tesla’s stock has since plummeted by 50%, exacerbated by disappointing delivery numbers and concerns over Musk’s divided attention as he juggles his new role in the Trump administration. Recent reports indicate that Tesla’s revenue growth has stagnated to a mere 1% in 2024, while net income has declined for the second consecutive year. Meanwhile, shocking drops in vehicle sales have been documented across key markets, including Germany, China, and Australia. As public sentiment turns against Musk, protests have erupted at Tesla dealerships nationwide, amplifying the urgency of the situation. The turmoil doesn’t end there. Musk’s appeal of a Delaware court ruling that invalidated a lucrative pay package has further complicated his financial stability. Forbes has slashed the value of Musk’s stock options by 50%, revealing that his stake in Tesla is now worth $97.8 billion, significantly less than the soaring valuation of SpaceX. With SpaceX’s value now estimated at $147 billion—almost $20 billion more than Musk’s Tesla holdings—this shift marks a seismic change in Musk’s financial narrative. SpaceX’s revenue surged by 51% to $13.1 billion in 2024, buoyed by the booming Starlink satellite internet service. As the dust settles, it’s clear that Musk’s fortunes are in flux, and the landscape of his empire is shifting dramatically. Stay tuned as we continue to monitor these developments closely.

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