Elon Musk has lost his title as the world’s richest person after selling Tesla stocks to fund the $44 billion purchase of Twitter.
Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, and his family took the ‘world richest’ title with a personal wealth of $185.4 billion, according to Forbes.
Musk, who has held the top spot on the Forbes list for world’s richest since September 2021, now has a net worth of $185.3 billion.
Tesla’s shares fell about 4 percent in morning trading on Wednesday, Dec. 7.
Meanwhile, Elon Musk’s brain chip that enables disabled patients to move, see and communicate again to be tried in humans in six months
The world’s richest man, Elon Musk has said he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six
The company is developing brain chip interfaces that Musk says could enable disabled patients to move and communicate again. Musk added that the chip will also target restoring vision.
In recent years, Neuralink has been conducting tests on animals as it seeks approval from the U.S. Food and Drug Administration (FDA) to begin clinical trials in people.
Speaking to a crowd of selected invitees in a presentation at Neuralink headquarters that lasted nearly three hours on Wednesday November 30, Musk emphasized the speed at which the company is developing its device.
“The progress at first, particularly as it applies to humans, will seem perhaps agonizingly slow, but we are doing all of the things to bring it to scale in parallel,” he sai.
“So, in theory, progress should be exponential.”
“We want to be extremely careful and certain that it will work well before putting a device into a human,”
The first two human applications targeted by the Neuralink device will be in restoring vision and enabling movement of muscles in people who cannot do so.
“Even if someone has never had vision, ever, like they were born blind, we believe we can still restore vision,” Musk said.
Neuralink’s last public presentation, more than a year ago, involved a monkey with a brain chip that played a computer game by thinking alone.
Musk, who is CEO of Tesla (TSLA.O), rocket firm SpaceX, and social media platform Twitter, has spoken of his ambitious goals before such as colonizing Mars and saving humanity.
He says the neuralink chip would allow the brain to control complex electronic devices and eventually allow people with paralysis to regain motor function and treat brain diseases such as Parkinson’s, dementia and Alzheimer’s. He has also spoken of melding the brain with artificial intelligence.