Tesla Motors Inc. (NASDAQ:TSLA) CEO, Elon Musk, has joined his counterparts at Google Inc. (NASDAQ:GOOGL) and Facebook Inc. (NASDAQ:FB) in pushing for affordable internet connection around the world. Bloomberg’s Emily Chang reports that the three tech companies are in a race against time to connect over two-thirds of the world population that does not enjoy reliable internet connection.
“This is a control for the future of the internet and yes Elon Musk, Google Inc. (NASDAQ:GOOGL) Facebook Inc. (NASDAQ:FB) they all want a piece of it. They know that the growth in potentially future users will come from this people who aren’t even online yet,” said Mrs. Chang.
Google Inc. (NASDAQ:GOOGL) already has over one billion users worldwide but would wish to increase the same to a new high, having already reached peak levels in developed countries. Facebook on its part wants to make internet affordable for people around the world so that it can be able to enhance its ads campaign on its social platform.
Chang reports that Google Inc. (NASDAQ:GOOGL) and Tesla Motors Inc. (NASDAQ:TSLA) are focusing on people in remote areas who are not that close to towers where they can be able to access reliable internet connection. Google is reportedly working on broadband balloons that will be used to bring internet network to some of these remote areas. Tesla Motors Inc. (NASDAQ:TSLA)’s CEO, Elon Musk is, on the other hand, pushing for a fleet of satellites that will be used to deliver low-cost internet access to these remote areas.
Google Inc. (NASDAQ:GOOGL) has already acquired Titan aerospace that is developing solar-powered drones that are to be used to provide internet connections to some of the most remote areas in the world.
“Facebook Inc. (NASDAQ:FB) in addition to this mobile partnership that Mark Zuckerberg is talking about is also working on drones and lasers. The question is, who is going to get there the fastest? and once they have that power to reach these people around the world how do they use that power,” said Mrs. Chang.
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