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UBA wins Bank-of-the-Year award in Nigeria, seven other countries

UBA, Redtech, MoMo launch cardless payment partnership nationwide

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Tag: Elon Musk

Elon Musk announces upcoming release of AI chatbot Grok 3
featured Tech

Musk wanted $80bn to colonize Mars, says OpenAI president

OpenAI’s president testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup into a for-profit company, but wanted full control in part to help him raise $80 billion to colonize Mars. Greg Brockman’s testimony came during the second week of a California trial that could shape the future of OpenAI, the company that […]

OpenAI board rejects Elon Musk-led buyout offer
Tech

Judge calls for restraint as Musk–OpenAI legal battle begins

The United States judge presiding over the high-profile lawsuit between Elon Musk and OpenAI has urged the tech executives involved to limit their social media activity, following Musk’s recent critical posts about the ChatGPT maker’s leadership on X. Ahead of opening statements on Tuesday, US District Judge Yvonne Gonzalez Rogers advised Musk and OpenAI representatives […]

Telecommunications

Amazon to acquire Globalstar for $11.57bn, challenges Musk’s Starlink

Amazon is accelerating its push into space-based connectivity with plans to spend 11.57 billion dollars on the acquisition of satellite firm Globalstar, in a bold move aimed at competing directly with Elon Musk’s Starlink network. The deal, announced on Tuesday, will give Amazon access to thousands of satellites in low-Earth orbit through its Amazon Leo […]

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

Dutch court orders Musk’s xAI to halt sexualised image generation

A Dutch court has directed Elon Musk’s xAI to halt the creation and distribution of nude images of individuals without their consent in the Netherlands, warning that it will impose a €100,000 ($115,350) daily fine for any violation. In its ruling on Thursday, the Amsterdam District Court said xAI’s Grok artificial intelligence tool and the […]

Leave Twitter, focus on Tesla, Investors tell Elon Musk
Tech

Musk eyes chip manufacturing company for Tesla, SpaceX

Elon Musk has outlined ambitious plans for a chip manufacturing collaboration involving his companies Tesla and SpaceX. Musk shared the plans on Saturday night at an event in downtown Austin, Texas, according to Bloomberg. A photo from the event suggests that the proposed “Terafab” facility would be located near Tesla’s Austin headquarters and its “Gigafactory.” […]

Elon Musk to remove light mode on 'X' platform
featured Scams

Musk found guilty of misleading Twitter shareholders to acquire company

A federal jury in San Francisco, California, ruled on Friday that tech billionaire Elon Musk provided false information to Twitter shareholders, leading to a drop in the company’s stock price during his preparations to acquire it for $44 billion. The verdict came in a class-action securities lawsuit. It could force Musk, currently the world’s richest […]

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

XAI undergoing rebuild after key co-founder’s exit – Musk

xAI is under mounting competitive pressure after co-founders Zihang Dai and Guodong Zhang departed this week. The exits follow criticism from Elon Musk, who expressed concern that the company’s AI coding tools were falling short against rivals Claude Code and Codex, developed by Anthropic and OpenAI, respectively. “xAI was not built right first time around, […]

Elon Musk denounces French X probe as politically motivated
Life Style

Elon Musk becomes richest man in history at $839bn

Elon Musk has been confirmed as the wealthiest individual in history, with an estimated net worth of $839 billion, according to Forbes. The publication released its annual World’s Billionaires list on Tuesday, revealing that a record 3,428 billionaires now exist globally. Their combined wealth reached an unprecedented all-time high of $20.1 trillion. Musk retained the […]

Tesla whistleblower wins legal fight against Elon Musk
Tech

Nobody committed suicide because of Grok – Musk

Elon Musk has criticised the OpenAI’s approach to safety, asserting that his own firm, xAI, takes safety more seriously. Musk made this disclosure in a deposition recently submitted in his lawsuit against OpenAI. Musk added, “Nobody has committed suicide because of Grok, but apparently they have because of ChatGPT.” The remark arose during questioning about […]

Tesla partners Baidu to enhance self-driving system
Business

Tesla must pay family of autopilot crash victim, US judge rules

A United States federal judge in Miami has rejected Tesla’s attempt to overturn a $243 million verdict, leaving the automaker liable to compensate the family of Naibel Benavides, who was killed, and survivor Dillon Angulo after a 2019 Autopilot-related crash. The collision occurred in Key Largo while George McGee was driving his Model S using […]

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

Saudi-backed firm commits $3bn to Musk’s AI venture

Saudi-backed artificial intelligence firm Humain has invested $3 billion in xAI, the AI startup founded by Elon Musk, according to a statement released Wednesday. The investment makes Humain a significant minority shareholder. The company noted that the funding was completed shortly before xAI’s acquisition by Musk’s space exploration firm SpaceX, and that Humain’s stake will […]

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