Elon Musk Wants to Build a Digital Town Square. But His Debut for DeSantis Had a Tech Failure.

FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023.  REUTERS/Jonathan Ernst
FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023. REUTERS/Jonathan Ernst
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Elon Musk Wants to Build a Digital Town Square. But His Debut for DeSantis Had a Tech Failure.

FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023.  REUTERS/Jonathan Ernst
FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023. REUTERS/Jonathan Ernst

Elon Musk wants to turn Twitter into a “digital town square,” but his much-publicized Twitter Spaces kickoff event, with Florida Gov. Ron DeSantis announcing his run for president, struggled with technical glitches and a near half-hour delay Tuesday.

The billionaire Twitter owner said the problems were due to “straining” servers because so many people were trying to listen to the audio-only event. But even at their highest, the number of listeners listed topped out at around 420,000, far from the millions of viewers that televised presidential announcements attract, The Associated Press.

“There’s so many people,” said host David Sacks amid the disruptions. “We’ve got so many people here that we are kind of melting the servers, which is a good sign.”

After it concluded without further disruptions, Musk, DeSantis and Sacks played off the event as a success, with Sacks quipping “it's not how you start, it's how you finish — and we finished really strong."

Musk a day earlier dubbed the event a historic first for Twitter, saying it would be “the first time something like this is happening on social media.” The webcast was scheduled to start at 6 p.m. ET but nearly 30 minutes passed with users getting kicked off, hearing microphone feedback and enduring other technical problems before it finally began. The audience remained under 500,000.

DeSantis opponents had a field day with the delayed announcement.

"Glitchy. Tech issues. Uncomfortable silences. A complete failure to launch. And that’s just the candidate!” said Steven Cheung, a spokesperson for former President and current candidate Donald Trump.

Rep. Alexandria Ocasio-Cortez, a Democrat from New York, tweeted, “We had more people join when I played Among Us,” referencing the popular video game.

Twitter has suffered a host of technical issues since Musk took over and fired or laid off roughly 80% of its staff — including engineers tasked with keeping the site running. A day before the DeSantis event, speaking at The Wall Street Journal’s CEO Council Summit in London, Musk expressed confidence about Twitter's future and said he is “going to start adding people to the company” but gave no further details.

Musk bought Twitter last fall for $44 billion. Since then, he has upended the platform's verification system, loosened its content moderation policies in line with his views as a “free speech absolutist,” spread misinformation and engaged with far-right figures, all the while working to attract jittery advertisers back to the platform to turn it profitable. His grand vision, he has said repeatedly, is to eventually turn Twitter into an “ everything app ” for everyone — a digital town square where people can hear from world leaders and politicians without the need for traditional media as a go-between.

But he seems to mainly be courting conservatives and Republicans lately, referring to Democrats and liberals as infected by the “woke mind virus” and reinstating extremist accounts that were banned by Twitter's previous administration.

Wednesday's campaign launch event with DeSantis continued the trend — though it remains to be seen whether the platform can become a go-to destination for mainstream politicians when it continues to show evidence of instability. For instance, the word “DeSaster” was trending on Twitter Wednesday evening as users mocked the botched campaign launch.

In the world of traditional media and politics, a glitchy half-hour delay and an audience in the hundreds of thousands rather than millions, Wednesday's Twitter Spaces event might look like a failure. But in Silicon Valley, failure is often spun as positive, even essential in developing new products and improving existing ones. Twitter Spaces — which Twitter launched in 2020 to compete with the then-popular audio chat site Clubhouse — is generally not used for audiences in the hundreds of thousands, so in some ways it was not a surprise that the event was marred with technical problems.

“It's much worse for DeSantis than it is for Musk,” said Jo-Ellen Pozner, a business professor at Santa Clara University, noting that just a month ago Musk's SpaceX launched a rocket that exploded minutes after its launch from Texas. After the explosion, Musk called it “an exciting test launch of Starship! Learned a lot for next test launch in a few months" in a tweet.

“It is clearly a difficult situation for DeSantis, who wants to project competence, who wants to forestall criticism,” she said. “Musk has an easier out by just saying that ‘this was the first time we tried it, it didn’t work out perfectly, but next time we’ll do much better,’ in the classic Silicon Valley approach to failing fast and learning more.”

Pozner said it remains an “open question” how Twitter is going to be valued as a broad digital platform down the line.

“I think will depend on, you know, how he and the top management react to this and how they spin it,” she said.

After DeSantis logged off, Musk and Sacks extended an open invitation to any other presidential candidate who wants to do a Twitter Spaces event. Whether or not they get any takers could signal what the future holds for Twitter as a “public square."



Nvidia Boss Insists 'Huge' Investment in OpenAI on Track

Nvidia CEO Jensen Huang insists the US tech giant is going to make 'a huge investment in OpenAI'. Patrick T. Fallon / AFP/File
Nvidia CEO Jensen Huang insists the US tech giant is going to make 'a huge investment in OpenAI'. Patrick T. Fallon / AFP/File
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Nvidia Boss Insists 'Huge' Investment in OpenAI on Track

Nvidia CEO Jensen Huang insists the US tech giant is going to make 'a huge investment in OpenAI'. Patrick T. Fallon / AFP/File
Nvidia CEO Jensen Huang insists the US tech giant is going to make 'a huge investment in OpenAI'. Patrick T. Fallon / AFP/File

Nvidia chief executive Jensen Huang has insisted the US tech giant will make a "huge" investment in OpenAI and dismissed as "nonsense" reports that he is unhappy with the generative AI star.

Huang made the remarks late Saturday in Taipei after the Wall Street Journal reported that Nvidia's plan to invest up to $100 billion in OpenAI had been put on ice, said AFP.

Nvidia announced the plan in September to invest $100 billion in OpenAI, building infrastructure for next-generation artificial intelligence.

The Wall Street Journal, citing unnamed sources, said some people inside Nvidia had expressed doubts about the deal and that the two sides were rethinking the partnership.

"That's complete nonsense. We are going to make a huge investment in OpenAI," Huang told journalists, when asked about reports that he was unhappy with OpenAI.

Huang insisted that Nvidia was going ahead with its investment in OpenAI, describing it as "one of the most consequential companies of our time".

"Sam is closing the round, and we will absolutely be involved in the round," Huang said, referring to OpenAI chief executive Sam Altman.

"We will invest a great deal of money, probably the largest investment we've ever made."

Nvidia has come to dominate spending on the processors needed for training and operating the large language models (LLM) behind chatbots like OpenAI's ChatGPT or Google Gemini.

Sales of its graphics processing units (GPUs) -- originally developed for 3D gaming -- powered the company's market cap to over $5 trillion in October, although the figure has since fallen back by more than $600 billion.

LLM developers like OpenAI are directing much of the mammoth investment they have received into Nvidia's products, rushing to build GPU-stuffed data centers to serve an anticipated flood of demand for AI services.


Meta Shares Skyrocket, Microsoft Slides on Wall Street after Earnings

A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson
A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson
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Meta Shares Skyrocket, Microsoft Slides on Wall Street after Earnings

A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson
A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson

Shares in Meta skyrocketed by 10 percent at opening on Wall Street on Thursday, a day after the social media giant posted better than expected earnings as the company invests heavily in artificial intelligence.

Microsoft, whose earnings disappointed analysts, saw its share price tumble by 10 percent, with investors showing concern for the return on investment for the software giant's spending on AI.


Samsung Logs Best-ever Profit on AI Chip Demand

South Korean tech giant Samsung Electronics posted record quarterly profits on Thursday, riding strong market demand for its artificial intelligence chips. Jung Yeon-je / AFP/File
South Korean tech giant Samsung Electronics posted record quarterly profits on Thursday, riding strong market demand for its artificial intelligence chips. Jung Yeon-je / AFP/File
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Samsung Logs Best-ever Profit on AI Chip Demand

South Korean tech giant Samsung Electronics posted record quarterly profits on Thursday, riding strong market demand for its artificial intelligence chips. Jung Yeon-je / AFP/File
South Korean tech giant Samsung Electronics posted record quarterly profits on Thursday, riding strong market demand for its artificial intelligence chips. Jung Yeon-je / AFP/File

South Korean tech giant Samsung Electronics posted record quarterly profits Thursday, riding massive market demand for the memory chips that power artificial intelligence.

A global frenzy to build AI data centers and develop the fast-evolving technology has sent orders for advanced high bandwidth memory microchips soaring.

That is also pushing up prices for less flashy chips used in consumer electronics -- threatening higher prices for phones, laptops and other devices worldwide.

In the quarter to December 2025, Samsung said it saw "its highest-ever quarterly consolidated revenue at KRW 93.8 trillion (US$65.5 billion)", a quarter-on-quarter increase of nine percent.

"Operating profit was also an all-time high, at KRW 20.1 trillion," the company said.

The dazzling earnings came a day after a key competitor, South Korean chip giant SK hynix, said operating profit had doubled last year to a record high, also buoyed by the AI boom.

The South Korean government has pledged to become one of the top three AI powers, behind the United States and China, with Samsung and SK hynix among the leading producers of high-performance memory.

Samsung said Thursday it expects "AI and server demand to continue increasing, leading to more opportunities for structural growth".

Annual revenue stood at 333.6 trillion won, while operating profit came in at 43.6 trillion won. Sales for the division that oversees its semiconductor business rose 33 percent quarter-on-quarter.

The company pointed to a $33.2 billion investment in chip production facilities -- pledging to continue spending in "transitioning to advanced manufacturing processes and upgrading existing production lines to meet rising demand".

- 'Clearly back' -

Major electronics manufacturers and industry analysts have warned that chipmakers focusing on AI sales will cause higher retail prices for consumer products across the board.

This week US chip firm Micron said it was building a $24 billion plant in Singapore in response to AI-driven demand that has caused a global shortage of memory components.

SK hynix announced Wednesday that its operating profit had doubled last year to a record 47.2 trillion won.

The company's shares have surged some 220 percent over the past six months, while Samsung Electronics has risen about 130 percent, part of a huge global tech rally fueled by optimism over AI.

Both companies are on the cusp of producing next-generation high-bandwidth "HBM4" chips for AI data centers, with Samsung reportedly due to start making them in February.

American chip giant Nvidia -- now the world's most valuable company -- is expected to be one of Samsung's customers for HBM4 chips.

But Nvidia has reportedly allocated around 70 percent of its HBM4 demand to SK hynix for 2026, up from the market's previous estimate of 50 percent.

"Samsung is clearly back and we are expecting them to show a significant turnaround with HBM4 for Nvidia's new products -- helping them move past last year's quality issues," Hwang Min-seong, research director at market analysis firm Counterpoint, told AFP.

But SK still "maintains a market lead in both quality and supply" of a number of key components, including Dynamic Random Access Memory chips used in AI servers, he said.

SK also this week said it will set up an "AI solutions firm" in the United States, committing $10 billion and weighing investments in US companies.