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Elon Musk said on Tuesday he plans to remain Tesla’s chief executive for at least the next five years, except if “I might die,” responding to rumours that he might soon step aside. Musk also claimed, “There are people buying Teslas because Elon is crazy” at an event in Doha at Bloomberg’s Qatar economic forum . The remarks came after weeks of talk about Musk’s future at Tesla. Reports first surfaced in late April suggesting that Tesla’s board had quietly begun looking for a new CEO as early as March. On May 1, The Wall Street Journal and CNN said the board had reached out to several executive search firms to explore potential successors for Musk. They cited worries that he was too distracted, mainly because of his role at the US Department of Government Efficiency, and pointed to Tesla’s weak financial results in the first quarter of 2025. Musk flatly denied those claims, calling the Wall Street Journal report “deliberately false” and “an ethical breach.” Tesla chair Robyn Denholm backed him up, labeling the stories “absolutely false” and expressing full confidence in his leadership. Still, the rumors stirred fresh debate among investors and analysts over whether Musk could stay fully focused on Tesla while juggling other high‐profile projects and government work. In Doha, Musk tried to calm nerves by saying Tesla has “already turned around.” He labeled Europe as the company’s weakest market but said it was showing strength “everywhere else.” He stressed that having “reasonable control” of Tesla was the key to his staying on as CEO. Musk also spoke out against acts of “violence committed against my companies” and threats aimed at him personally, calling them “on the wrong side of history.” Earlier, Musk appeared at the Saudi‐US Investment Forum in Riyadh. There, he discussed humanoid robots, self-driving cars, his artificial intelligence venture xAI, and his vision for a drastically changed global economy. He said he has cut back his involvement in the DOGE initiative in Washington to concentrate on his duties at Tesla. Addressing investors and officials in Riyadh, Musk predicted, “We’re headed to a radically different world.” He forecast “tens of billions of humanoid robots,” describing them as helpers that could boost economic productivity enormously. He explained that “the output of an economy is productivity per capita times population. With humanoid robots, productivity becomes virtually unlimited.” Musk suggested that advances in AI and robotics might one day bring about a “universal high income,” erasing scarcity so that everyone could access any goods or services they wished. On the political front, Musk’s ties to former President Donald Trump have all but vanished . Trump’s inner circle has frozen out the tech billionaire. While Trump mentioned Musk online almost weekly from early February through March, he hasn’t mentioned him at all since April. Musk’s absence from White House briefings and congressional newsletters marks a sharp change. Public polling shows his popularity has fallen sharply, even more than Trump’s among some groups. By late April, most voters said they wanted him out of government before his 130-day contract ends at the end of May, if not sooner. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Intel is weighing the possibility of offloading its networking and edge-computing operations as part of a broader push by its new CEO to hone the company’s focus on its most profitable segments. According to three individuals with direct knowledge of the discussions, the chipmaking firm, whose networking and edge group was formerly identified as “NEX” in its financial disclosures, has been in preliminary talks about a potential sale of the unit. The deliberations, which have yet to advance to a formal auction or solicitation of bidders, represent CEO Lip-Bu Tan’s intent to concentrate Intel’s extensive workforce on areas where the company has traditionally excelled: personal computer and data-center processors. Speaking at a Taipei event marking Intel’s fortieth anniversary, Tan highlighted the firm’s dominant market positions, noting that Intel controlled approximately 68% of the PC-chip market and 55 percent of data-center processors and pledged to “expand and build on” those strengths. While the idea of exiting the NEX organization has been under consideration internally, Intel has not officially launched a sale process or engaged an investment bank. According to Reuters, one source familiar with the matter explained that Intel conducted interviews with prospective financial advisers in recent weeks, yet no formal advisor has been retained to date. All three sources requested anonymity, emphasizing that they were not authorized to speak publicly on confidential corporate deliberations. Those close to the discussions also suggest that the strategic review stems from the perception that the former NEX unit’s offerings, ranging from chips for telecommunications infrastructure to various networking products, do not align with Tan’s refocused corporate vision. “The telecom-chip business no longer fits within our core roadmap,” one insider remarked. Another observed that Intel’s networking division faces formidable competition from companies like Broadcom, which maintains a stronghold on critical market segments, making it less attractive under Intel’s streamlined strategy. Beyond an outright divestiture, Intel has explored alternative approaches, including potential partnerships or partial equity sales, with the aim of determining the most advantageous path forward for the NEX portfolio. Nevertheless, no definitive resolution has been reached, and it remains possible that Intel might pursue options other than a sale. In the first quarter of 2025, Intel ceased reporting the NEX unit as a separate segment, instead rolling its revenues into its PC and data-center businesses. According to filings, the NEX unit generated $5.8 billion in revenue in 2024. This accounting change underscores Intel’s efforts to integrate and evaluate the performance of those operations alongside its core chipmaking divisions. This would not be Intel’s first divestment under its current leadership. In April, the company sold a majority stake in its Altera programmable-logic business to private equity firm Silver Lake for $4.46 billion, a move designed to bolster Intel’s balance sheet and support its turnaround initiatives. Earlier plans under former CEO Pat Gelsinger had contemplated an initial public offering for Altera, mirroring the 2022 spin-off of its autonomous vehicle sensor unit, Mobileye. Despite such restructuring efforts, Intel continues to grapple with erosion in its share of both the PC and data center markets, prompting scrutiny from investors and analysts. Tan has repeatedly emphasized that future growth will depend on shoring up those foundational revenue streams, even as the company navigates broader industry challenges and intensifying competition. Intel has declined to comment on the reported deliberations. As the company evaluates whether the NEX group’s assets might be better served under another owner or through strategic alliances, the outcome could reshape Intel’s product mix and reinforce its commitment to the processor domains that have shaped its legacy. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Strive Enterprises, the asset management firm founded by Vivek Ramaswamy, has announced plans to purchase distressed Bitcoin claims. Some of these claims include those tied to the Mt. Gox estate. This announcement came through a strategic partnership with 117 Castell Advisory Group. The move is aimed at acquiring discounted Bitcoin ( BTC ) exposure for Strive’s investment products. According to the SEC filing , the partnership will target claims that have been legally settled but not yet distributed, such as approximately 75,000 BTC from Mt. Gox’s bankruptcy proceedings. By acquiring these claims below market value, Strive wants to enhance its Bitcoin-per-share metric and deliver long-term outperformance relative to BTC. The company is positioning the move as a value-driven strategy , offering investors exposure to Bitcoin without paying the full market price. Strive framed the transaction as part of a broader plan to capitalize on inefficiencies in the crypto credit market. Vivek Ramaswamy co-founded Strive back in 2022 to challenge the prevailing ESG and DEI investment trends, advocating instead for shareholder primacy and depoliticized capitalism. Ramaswamy resigned as Executive Chairman in 2023 to pursue a presidential bid, after which Matt Cole took over leadership. Ramaswamy briefly joined DOGE but stepped down to potentially pursue a role in Ohio politics. Under Cole, Strive expanded into wealth management and embraced Bitcoin, planning to become the first publicly traded asset manager with a Bitcoin treasury. Ramaswamy no longer holds an executive role, but his vision continues to shape Strive’s direction, according to the company. The filing also noted that the transaction is tied to a proposed merger between Strive and Asset Entities Inc. — a move that would result in a combined company with greater scale and access to public capital markets. ASST is expected to issue new shares as part of the deal. Mt. Gox, once the world’s leading Bitcoin exchange, collapsed in 2014 after a series of hacks led to the loss of over 800,000 BTC. Creditors have waited more than a decade for partial recovery, with distributions now expected in the coming months.

Crypto doesn’t have to be complicated. It doesn’t even need utility to succeed. What it does need is a community built on trust, and an army of believers who see the vision and are willing to work for it. $BOOE | @Bookof_Eth has proven this time and time again. Through art, culture, and community, it’s shown that belief can build value. As a collective, those who see the vision are more than just holders, they’re storytellers, builders, and guardians of the Book. 📖 ”+1B is written” - @Shiba_Prophet

Grass, the decentralized web crawling and AI infrastructure token, has seen its price drop over 9% today, trading at $1.96. Despite this pullback, analysts are suggesting that the token may be primed for a breakout, given its strong technical indicators and growing network activity. Grass ( GRASS ) aims to democratize access to internet-scale data by creating a decentralized network of over 3 million active nodes. Users contribute unused bandwidth to help scrape and index the web, building an open, user-owned knowledge graph. This data is then made available for AI training and other applications, challenging the dominance of tech giants in web crawling and data aggregation. The project has achieved significant milestones, including the recent Sion upgrade, which enhanced its ability to process multimodal web data—text, images, and 4K video—at scale. The upgrade introduced advanced scraping algorithms , horizontal compute scaling, and increased the network’s data handling capacity to over 1 petabyte per day GRASS has broken out of its downtrend! Journey to $5 started 📈🚀 #GRASS $GRASS pic.twitter.com/NxbyoFvzKG Technical analysis indicates that GRASS may be entering a consolidation phase before a potential breakout, according to past surges in GRASS’s price. Despite the recent dip, the project’s fundamentals remain strong. The network has scraped over 109.7 million IP addresses and indexed 4.47 billion URLs since its inception, according to past crypto.news reporting. Moreover, the community’s commitment is evident, with 30% of claimed tokens being staked , reflecting a long-term belief in the project’s vision.