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Seplat Energy appoints Tony Elumelu as non-executive director

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Tag: Elon Musk

Musk to resign from Trump govt amid backlash, Tesla shares crash
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Elon Musk’s wealth nears $800bn after xAI surge

Elon Musk’s wealth has climbed toward $800 billion after a fresh funding round. The deal sharply revalued his artificial intelligence and social media venture, xAI Holdings. This is according to reports by Forbes, which tracks the net worth of billionaires. Private investors recently valued the company at $250 billion. That figure is more than double […]

Musk's DOGE team allegedly spying on US govt workers
Tech

Tesla nears completion of AI5 self-driving chip design – Musk

Tesla CEO Elon Musk said on Saturday that the company has almost finished designing its AI5 self-driving computer chip. This development of the AI6 chip is already underway, with Tesla targeting a nine-month design cycle for its next-generation chips. “Our AI5 chip design is almost done, and AI6 is in early stages, but there will […]

Musk's DOGE team allegedly spying on US govt workers
Tech

Musk demands $134bn in damages from OpenAI, Microsoft

Elon Musk is seeking between US$79 billion and US$134 billion in damages from OpenAI and Microsoft, alleging that the generative AI company defrauded him by abandoning its nonprofit mission and forming a partnership with the software giant. Musk’s attorney outlined the damages claim in a court filing on Friday, a day after a United States […]

Elon Musk’s xAI launches Grok 4 with $300 subscription plan
Tech

Indonesia blocks Musk’s Grok chatbot over pornography concerns

Indonesia on Saturday temporarily blocked access to Elon Musk’s Grok chatbot over concerns it could generate pornographic content, making it the first country to restrict the AI tool. The decision follows growing criticism from governments, researchers, and regulators across Europe and Asia, with some authorities launching investigations into the presence of sexualised content on the […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

Musk’s X warns users against illegal prompts for Grok AI

Elon Musk’s X is warning users not to direct its Grok AI to produce illegal content, days after the Indian government pressed the platform for information about the chatbot’s misuse. Over the past week, numerous X users have been commenting on images of people, typically women, by tagging Grok and requesting the chatbot to “put […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

Musk’s xAI launches new Grok AI subscriptions for businesses

Elon Musk’s xAI unveiled two new subscription plans on Wednesday, December 31, allowing small businesses and larger organisations to access its Grok AI models for workplace applications. xAI said in a blog post that Grok Business and Grok Enterprise will give customers the highest rate limits on its most advanced AI models through a single […]

Tesla whistleblower wins legal fight against Elon Musk
Tech

Musk calls for EU’s abolition after €120m fine on X

Elon Musk has demanded the abolition of the European Union after the bloc fined his social media company, X, €120 million ($140 million) over a “deceptive” blue checkmark system and insufficient transparency in its advertising repository. The European Commission issued the fine on Friday following a two-year probe under the Digital Services Act, enacted in 2022 to […]

Dutch authorities fine Netflix €4.75m over data transparency breach
Tech

Netflix shares drop after Musk’s tweet against LGBTQ kids movie

Netflix Inc. shares fell over two per cent on Wednesday after Elon Musk urged subscribers to cancel their accounts, igniting debate over the company’s content policies and diversity strategy. Musk, the SpaceX, and social platform X owner, posted several messages calling for users to “Cancel Netflix,” adding in another post: “Cancel Netflix for the health […]

Musk's DOGE team allegedly spying on US govt workers
Business

Elon Musk’s net worth hits $500b as Tesla shares rebound

Tesla CEO Elon Musk on Wednesday became the first individual to reach a net worth of nearly $500 billion, driven by a rebound in the EV maker’s stock and soaring valuations of his other ventures this year. As of 4:15 p.m. eastern time, Forbes’ billionaires index put his wealth at $500.1 billion. Musk’s wealth remains […]

US court revives lawsuit against Elon Musk over child porn content
Business

Tesla proposes record $1trn pay package for Musk

Tesla’s board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently asked for a bigger stake in […]

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