Earlier this week, in an interview with CNBC, Twitter chief Elon Musk mentioned his propensity to tweet controversial and even, at occasions, unfaithful issues, noting that:
“I’ll say what I would like, and if the consequence of that’s shedding cash, so be it.”
This has been a standard chorus for Musk, that regardless of paying $44 billion for the app, he’s not truly involved concerning the monetary facet, and that he received’t enable this factor to affect his decision-making on the app.
Which, in some methods, is an admirable stance, underlining his said dedication to free speech, and permitting individuals to say what they like within the app. However alternatively, Musk has fairness companions and traders who could also be much less impressed with this method.
This has been highlighted once more in the present day, with Twitter sending a letter to Microsoft which accuses Microsoft of misusing Twitter knowledge to coach its synthetic intelligence applied sciences.
As per The New York Instances:
“Within the letter, which was reviewed by The New York Instances, Twitter mentioned Microsoft had violated an settlement over its knowledge and had declined to pay for that utilization. In some circumstances, the letter mentioned, Microsoft had used extra Twitter knowledge than it was imagined to. Microsoft additionally shared the Twitter knowledge with authorities companies with out permission, the letter mentioned.”
The letter is the newest in Musk’s quest for retaliation towards OpenAI, the corporate behind ChatGPT, and varied different generative AI instruments.
Musk, who was an early investor in OpenAI, has repeatedly expressed his annoyance that his early $100 million ‘donation’ to the corporate has been used to remodel it right into a $29 billion enterprise. And with Microsoft taking a big stake in OpenAI, it too now stands to profit – and as such, Musk now desires to claw again his share of that income consumption.
With this in thoughts, Musk has already restricted OpenAI’s entry to Twitter knowledge, which has been used to gasoline its generative AI fashions, whereas additionally growing how a lot it prices for all firms to entry the identical. This newest push stems from Musk’s view that OpenAI benefited from Twitter knowledge, which, once more, he sees as successfully stealing from him personally.
They skilled illegally utilizing Twitter knowledge. Lawsuit time.
— Elon Musk (@elonmusk) April 19, 2023
Musk’s public battle towards OpenAI and Microsoft has already seen Microsoft take away Twitter from its Digital Advertising Heart factor, which can get rid of the promotion of Twitter advertisements to Microsoft companions. It’s exhausting to say what sort of affect that’ll have on Twitter’s backside line, however with Twitter’s advert income – it’s major supply of earnings – already down by 50% since Musk took over, an extra decline of any sort might be thought-about vital.
However as Musk says, the cash shouldn’t be his major concern. And whereas a public battle with a big advert associate shouldn’t be an incredible look, Elon, as he’s proven, goes to do what he likes, whatever the penalties.
That features making choices primarily based on private grudges, which may affect all of Twitter’s companions.
It’ll be attention-grabbing to see how this method adjustments, or not, beneath incoming Twitter CEO Linda Yaccarino, an advert business veteran, who’ll be tasked with reigniting its enterprise relationships.
Will that see Twitter re-evaluate its method, or will Musk proceed to override Yaccarino in circumstances the place he has a private stake?