Tag: Elon Musk

Musk’s X faces lawsuit for allegedly withholding staff bonuses
News Tech

Elon Musk denies Starlink IPO report

Elon Musk on Wednesday, denied a report claiming that his rocket company SpaceX was talking about launching an IPO as soon as 2024 for Starlink, a satellite internet provider. In response to a post on social networking platform X that published a report from Bloomberg News claiming that SpaceX had been relocating the unit’s assets […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
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Why Elon Musk lost $35bn in October – Report

The world’s richest man, Elon Musk, witnessed a dramatic decline in wealth in October as he lost a whopping $35 billion, mostly as a result of the falling value of his Tesla shares. According to Forbes, this significant drop in Musk’s wealth had a significant effect on the list of the richest people in the world. […]

Musk’s X faces lawsuit for allegedly withholding staff bonuses
News Tech

Elon Musk to integrate xAI with X

Elon Musk announced in a post on Sunday that his artificial intelligence company, xAI, will launch as a stand-alone app in addition to being integrated into his social networking platform, X. The billionaire added that on Friday, xAI made its first AI model, a bot by the name of Grok, available to all X Premium+ […]

Elon Musk unveils AI startup
News Tech

Elon Musk unveils AI startup

The billionaire CEO, Elon Musk, announced on Friday that his artificial intelligence startup, xAI, will present its first AI model to a small group on Saturday. This comes about a year after the release of OpenAI’s ChatGPT, which sparked a global upsurge in the application of generative AI technologies by capturing the interest of companies […]

X halts monetization for fact-checked posts
News Tech

X halts monetization for fact-checked posts

X, formerly known as Twitter has stated that posts that are corrected by Community Notes, the crowd-sourced fact-checking system, will become “ineligible for revenue share.” “The idea is to maximize the incentive for accuracy over sensationalism,” Elon Musk posted on X, Musk also noted that any attempts to “weaponize Community Notes to demonetize people will […]

SpaceX commits $2bn to xAI in bold push
News Tech

SpaceX to launch satellites in Europe

Elon Musk’s space company, SpaceX, on Monday, signed a contract to launch up to four of Europe’s premier navigation and secure communications satellites into space, the Wall Street Journal reports. The arrangement still requires final approval from the EU member states and the European Commission, the EU’s executive body, according to the report. The agency’s […]

Australia fines X $385,000 for sexual abuse content violations
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Australia fines X $385,000 for sexual abuse content violations

  Australia’s internet safety watchdog has fined Elon Musk’s X (formerly known as Twitter) for failing to demonstrate its efforts in cracking down on child sexual abuse content. The ESafety commissioner, Julie Inman Grant, imposed a fine of AUD 610,500 (USD 385,000) on the social media platform, citing concerns about “empty talk” regarding the issue. […]

SpaceX’s Starlink hit 4m subscribers
News Tech

X: EU probe threatens Starlink operating licence in Zimbabwe

The investigation of the European Union into the failure of Elon Musk to tackle misinformation on X threatens Starlink’s operating licence application in Zimbabwe. Supa Mandiwanzira, a member of parliament, made the suggestion during a Q&A session held on October 11 that the European Union’s investigation into X for spreading false information should be taken […]

Brazil lifts ban on Starlink, X accounts after fine payment
News Tech

X removes headlines from news articles

X, formerly known as Twitter, has started removing the headlines from link cards on the iOS app and the web. As a result, all you will see is an image with the link’s domain name in the bottom left corner, which is simple to overlook. Elon Musk’s efforts to encourage users to directly upload “long-form […]

Starlink Nigeria slashes hardware costs by 21%
Business

Starlink partners with Jumia to expand satellite broadband access in Africa

Elon Musk’s billionaire satellite business, Starlink, is collaborating with Jumia Technologies AG to improve satellite broadband services throughout Africa. According to The Times, Starlink satellite terminals and kits will be made available on Jumia in a few African nations thanks to investors including Pernod Ricard SA and Goldman Sachs Group Inc. According to Jumia’s Chief […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
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Musk’s wealth rises by $95bn as Tesla stock increases

The CEO of Tesla, Elon Musk, continues to hold the title of being the richest person in the world. According to The Times, with a rise in net worth from $95 billion to $232 billion at the time of writing, Musk witnessed the world’s largest growth in wealth, solidifying his status as a wealthy man. The stock […]

Elon Musk unveils AI startup
News Tech

Elon Musk begs celebrities to use X platform

X CEO, Elon Musk has implored celebrities to use the microblogging platform in pushing their craft. tweeting at celebs to use his platform. “I recommend posting some music or concert videos directly on the X platform,” Elon Musk tweeted at Taylor Swift after she announced earlier this week that her album “1989” would be re-released. […]