Elon Musk announces $100 million prize for carbon capturing technology

A few weeks after becoming the world’s richest man Elon Musk has made a special announcement. Musk, founder of The Boring Company, SpaceX and Tesla, has said that the best entry will be given a prize of $ 100 million to anyone who knows about Carbon Capture Technology. At 72.99 rupees to a US dollar, this amount will be about 729 crores in Indian rupees. Musk became the richest person in the world by going past Amazon founder Jeff Bezos a few weeks ago. According to the Bloomberg Billionaire Index, Elon Musk has total assets of about $ 201 billion.

Announcing the award, Musk wrote on his official Twitter handle, ‘Am donating $ 100M towards a prize for the best carbon capture technology.’ After that he wrote in another tweet, ‘Details next week ‘.

In the last one year, there has been a big increase in the wealth of Elon Musk. This is the reason why he has managed to sit on the throne of the richest man, leaving behind Jeff Bezos. Investors are showing tremendous interest in Musk’s electric car company Tesla. Tesla has now been included in the S&P 500 index due to the continuous benefits that investors are getting from the shares of Tesla.

This announcement by Elon Musk about carbon is related to his many types of business. Currently, many of his businesses are associated with technology solutions to eliminate environmental problems. Preventing hot emissions is also one of several plans to balance climate change. But not much development has been done in this technology so far.

Currently, instead of removing carbon from the air, special attention is given to reducing its emissions. Last year itself, the International Energy Agency had said that such technology would have to be brought at the earliest, which can capture carbon. For many countries around the world, this will be needed to meet the net-zero carbon emission target.

Preparation of techniques to connect computers with the brain

Musk, who co-founded PayPal Holdings Inc., an internet payments company, now runs select companies in the world that are likely to be of great use in the future. Apart from Tesla, he is also the head of SpaceX and Neuralink. Neuralink is one of his startups working in the field of linking human brains to computers. This startup is involved in developing high-bandwidth brain-machine interfaces.