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Tag: Elon Musk

Tech giant Oracle faces scrutiny over handling of data breaches
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Oracle, xAI to integrate Grok 3 model for clients

Oracle Corporation announced Tuesday that it is teaming up with Elon Musk’s artificial intelligence firm, xAI, to offer the company’s latest AI model, Grok 3, to enterprise customers through its cloud infrastructure platform. Grok 3, released in February, is xAI’s flagship model designed to compete with top-tier offerings from AI rivals such as DeepSeek and […]

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Musk’s xAI near $5bn debt deal amid lukewarm investors demand

Elon Musk’s artificial intelligence startup, xAI, is expected to finalize a $5 billion debt raise this week, despite lukewarm interest from investors, according to sources familiar with the matter. The financing package—led by Morgan Stanley—comprises a floating-rate term loan, a fixed-rate loan, and secured bonds. Allocation to investors is scheduled for Wednesday, said two individuals […]

Musk's DOGE team allegedly spying on US govt workers
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I went too far, Musk expresses regret after Trump feud

Tech billionaire Elon Musk on Wednesday expressed regret over several social media posts he made about United States President Donald Trump last week, following a heated public clash that ended their once-close alliance. The fallout marks the collapse of a partnership that had seen Musk appointed to lead the Department of Government Efficiency under Trump’s […]

Elon Musk’s xAI projects $13bn in annual earnings by 2029
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Elon Musk’s xAI projects $13bn in annual earnings by 2029

Elon Musk’s artificial intelligence venture, xAI, expects to generate more than $13 billion in annual earnings by 2029, according to financial projections shared by investment bank Morgan Stanley, Bloomberg News reported on Thursday. Morgan Stanley is currently marketing a $5 billion debt offering for xAI and has opened the startup’s financial books to prospective investors […]

Neuralink raises $650m as brain implant trials expand
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Neuralink raises $650m as brain implant trials expand

Elon Musk’s brain-tech venture, Neuralink, announced on Monday that it has secured $650 million in a new funding round, boosting its efforts to bring brain-computer interface technology to market. The funding comes as the company begins clinical trials of its implantable device in three countries. The device, which includes a chip capable of processing and […]

Elon Musk blames 'Supervillain-Level' cyberattack for X outage
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Elon Musk back to 24/7 office work after X outage

Elon Musk has disclosed he would be increasing his involvement across his companies after the restoration of the social media platform X’s widespread outage that affected tens of thousands of users, primarily in the United States. According to the outage tracking website Downdetector.com, reports of access issues peaked at 8:51 a.m. ET, with over 25,800 […]

Elon Musk takes down glowing X logo at Twitter HQ
Tech

Elon Musk’s X briefly crashes, affecting thousands of users

Elon Musk’s social media platform X experienced a brief outage on Saturday morning, leaving tens of thousands of users unable to access the site. According to analytics site Downdetector, which tracks service disruptions using user reports, approximately 25,000 users were affected. Reports spiked to about 21,000 shortly after 8:30 a.m. ET. The issues were mostly […]

Elon Musk’s home sparks dispute with Texas neighbours
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Elon Musk’s home sparks dispute with Texas neighbours

Elon Musk’s Texas residents are locked in a growing dispute over Musk’s $6 million property, which has been transformed into what some locals call a high-security compound, The New York Times reported. The conflict began after Musk’s team allegedly erected a 16-foot chain-link fence, installed a metal gate, and mounted surveillance cameras — all without […]

Grieving widow sues Tesla over defective car model
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Elon Musk still CEO, Tesla board denies seeking replacement

Tesla Inc. shares held steady in premarket trading Thursday after the electric vehicle giant refuted a Wall Street Journal report claiming its board was actively seeking a replacement for CEO Elon Musk. The report, which cited sources familiar with the matter, alleged that Tesla’s board had engaged multiple executive search firms to initiate a formal […]

Banks offload final $1.2bn debt From Musk’s Twitter buyout
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Banks offload final $1.2bn debt from Musk’s Twitter buyout

A group of major banks, including Morgan Stanley, Bank of America, Barclays, and Mitsubishi UFJ, has sold the final portion of the debt tied to Elon Musk’s $44 billion acquisition of Twitter, now known as X, Reuters reported on Monday. The $1.2 billion in loans were sold at 98 cents on the dollar with a […]

Musk's DOGE team allegedly spying on US govt workers
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Musk’s wealth Jumps $18.2b after Tesla’s strongest gain in months

Elon Musk’s personal fortune jumped by $18.2 billion on Thursday, after Tesla Inc. shares recorded their strongest daily gain in months. Tesla stock rose 9.8%, closing at $284.95. Musk’s net worth now stands at approximately $335 billion, according to the Bloomberg Billionaires Index. The surge in Tesla’s stock came amid renewed investor optimism following stronger-than-expected […]

xAI blames “unauthorized modification” for Grok’s repeated 'white genocide' responses
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Grok adds memory feature to rival ChatGPT, Gemini

Elon Musk’s artificial intelligence venture, xAI, is taking a significant step forward in the chatbot race with the rollout of a new “memory” feature for its Grok assistant. This feature brings xAI closer to competitors like OpenAI’s ChatGPT and Google’s Gemini. Announced Wednesday evening, the update allows Grok to retain information from previous conversations, enabling […]

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