Musk becomes world’s first half-trillion-dollar man

October 1, 2025byadmin

Tesla CEO Elon Musk has become the first person ever to achieve a net worth of more than $500 billion (£370.9 billion), as the value of the electric car company and his other businesses have surged this year.

According to Forbes’ billionaires index, Musk’s net worth briefly reached $500.1 billion on Wednesday afternoon New York time before dipping slightly to just over $499 billion later in the day.

Alongside Tesla, valuations of his other ventures — including the artificial intelligence startup xAI and rocket company SpaceX — have reportedly climbed in recent months. This milestone further cements Musk’s status as the world’s richest person, placing him well ahead of rivals in the global tech sector.

Oracle founder Larry Ellison holds the position of the world’s second richest person, with a fortune of approximately $350.7 billion, according to Forbes.

Musk’s enormous wealth is closely tied to his more than 12% stake in Tesla, which has seen its shares rise sharply this year. Tesla shares were more than 3.3% higher at the end of New York trading on Wednesday and have now climbed over 14% year-to-date.

The company’s shares have gained momentum as investors welcome Musk’s increased focus on his businesses rather than politics. Earlier this year, Musk faced criticism over his involvement with the Trump administration’s Department of Government Efficiency (DOGE), a body tasked with reducing US government spending and cutting jobs.

Robyn Denholm, chair of Tesla’s board, said in September that Musk is now “front and centre” at the carmaker.

Last month, Musk announced he had purchased about $1 billion worth of Tesla shares, a move seen by some investors as a strong vote of confidence in the company.

Despite its recent success, Tesla has faced several challenges, including tough competition from rival electric car makers such as China’s BYD. The company is also undergoing a strategic transition into an artificial intelligence (AI) and robotics business, signaling its ambitions beyond automotive manufacturing.
https://www.bbc.com/news/articles/c89d3547npjo?at_medium=RSS&at_campaign=rss

Penang deeptech startup, Nvsion, raises seed funding from Cambrian Fund to advance Malaysia’s AI-powered industrial vision technology

Built a proprietary Synthia Vision AI Platform, which uses a hybrid of AI and rule-based algorithms Beyond semicon, sees opportunities to extend its platform into other advanced manufacturing sectors Nvsion Sdn Bhd, a Malaysia-based deeptech startup specialising in AI-powered Automated Optical Inspection (AOI) solutions, today announced that it has successfully completed a multi-million ringgit seed round, without disclosing the amount. The sole investor in the round is Cambrian Fund, a venture capital fund focused on Industrial 4. 0 themes, marking the funds inaugural investment. With its focus on the semiconductor sector, Cambrian Fund is managed by Southern Capital Group with anchor investors Khazanah Nasional, through its Dana Impak fund and the co-founders of ViTrox Corp Bhd (bottom pic). The funding will be deployed to accelerate Nvsion’s growth across several key areas, including advancing its product development and rollout, recruiting top-tier talent, and expanding its customer base. Nvsion was founded in Feb 2025 by Jeffrey Chung Wai Loong, as Managing Director, and three co-founders, who together bring 46 years of deep technical experience to the fore. The startup develops advanced AOI solutions that are critical for ensuring high precision, improving quality, and increasing efficiency in the outsourced semiconductor assembly and test (OSAT) and electronics manufacturing services (EMS) segments. Beyond semiconductors, Nvsion also sees significant opportunities to extend its platform into other advanced manufacturing sectors where precision and throughput are critical, such as advanced electronics, automotive, and medical devices. The company’s core technology is its proprietary Synthia Vision AI Platform, which uses a hybrid of AI and rule-based algorithms for high-speed industrial applications. “Securing this first round of funding is a defining moment for Nvsion,” said Jeffrey. “We are honoured to welcome Cambrian Fund as our first investor. Their backing not only validates our vision and technology but also gives us access to world-class expertise and networks. With their support, we are confident in our ability to deliver greater innovation, expand our world-class customer base, and contribute to Malaysias emergence as a leader in advanced manufacturing.” The investment aligns with Cambrian Fund’s strategy to back technology companies in Southeast Asia with exceptional founders and a clear path to market leadership. “We launched Cambrian Fund to back visionary founders building the next generation of global technology leaders,” said Kenneth Tan, CEO of Southern Capital Group, the manager of Cambrian Fund. “We are proud and excited to partner with Jeffrey and his team. Nvsion’s advanced, software- first approach to machine vision is set to make a significant impact in a critical and rapidly growing part of the Industrial 4. 0 landscape. We are confident in their potential to scale and become a market leader, and we look forward to supporting them on their transformative journey.”.

Employees Trial AI Lifestyle In Toyota’s Woven City

Toyota has begun demonstration trials at its experimental city project known as Woven City on September 25th, with several employee households moving in to test how AI and autonomous driving technologies can be integrated into everyday life.

U Mobile taps Huawei as one of its partners to accelerate 5G-A and AI adoption through its enterprise innovation platform

The parties will explore AI-driven monetisation to enhance customer experience Both companies will drive innovation by sharing expertise and supporting startups U Mobile, Malaysias newest 5G network provider, has signed a memorandum of understanding naming Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) as one of its strategic technology partners to establish its Enterprise Innovation Platform (EIP). In a joint statement, the parties noted that the EIP will serve as a 5G-Advanced (5G-A) and AI innovation lab or sandbox, bringing together end-to-end ecosystem partners and technology expertise to support enterprise use case innovation and adoption. U Mobile will leverage Huawei Malaysias technical expertise and services for the EIP to enable the design and integration of comprehensive network architecture for solutions development, pilot projects and proof-of-concept activities, drawing from Huaweis experience in its 5G-to-business, 5G-to-consumer and 5G-to-home segments. The parties will also explore smart monetisation initiatives leveraging AI and machine learning to improve customer experience. Together, both parties will foster a rich innovation ecosystem within the EIP by sharing industry knowledge, global references and validated business cases, as well as supporting startups and early-stage ventures through funding, incubation support and technical enablement. Through the EIP, U Mobile and Huawei Malaysia will also host awareness and outreach programmes, including technology demonstrations, seminars, exhibitions, roadshows and digital campaigns, to showcase solutions and foster collaboration across industries. U Mobile is pleased to collaborate with Huawei Malaysia as one of our strategic technology partners to establish our EIP, which will enable the development of localised 5G solutions, pilot projects and proofs of concept, while supporting smart monetisation and ecosystem growth. As Malaysias newest 5G network provider, we are committed to accelerating enterprise 5G adoption and digital transformation, enabling businesses to benefit from the latest innovations in next-gen ULTRA5G connectivity and AI, supported by Huaweis expertise, said Woon Ooi Yuen, chief technology officer of U Mobile. We look forward to forging more collaborations with a variety of partners to ensure the success of EIP, he added. Huawei is considered a leader in 5G-Advanced, with GlobalData naming us the sole Leader in their 2025 5G RAN: Competitive Landscape Assessment for the seventh consecutive time, recognising our strengths in 5G-Advanced and AI integration. We are also one of the leaders in research and development worldwide and look forward to leveraging these and our ecosystem of partners to support innovation in Malaysia, said Zac Chow, deputy CEO of carrier business at Huawei Malaysia. The MoU signing took place at the GSMA Digital Nation Summit Kuala Lumpur (ASEAN Edition), held at The Westin Kuala Lumpur, and was signed by Woon Ooi Yuen and Zac Chow. The ceremony was witnessed by Teo Nie Ching, deputy minister of communications; Mohamad Salim Bin Fateh Din, chairman of the Malaysian Communications and Multimedia Commission; Mano Verabathran, deputy secretary general, ministry of communications; Kenneth Chang, deputy CEO of U Mobile; and Simon Sun, CEO of Huawei Malaysia.

Musk becomes world’s first half-trillion-dollar man

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