Tag: Elon Musk

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 […]

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

xAI sues Apple, OpenAI over AI competition claims

Elon Musk’s artificial intelligence startup, xAI, has sued Apple and OpenAI in a Texas federal court, alleging the companies conspired to stifle competition in the rapidly expanding artificial intelligence sector. The lawsuit, seeking billions in damages, highlights antitrust concerns over Apple’s integration of ChatGPT into its operating systems. xAI claims that Apple and OpenAI have […]

Tesla grants Elon Musk $29bn in shares
News

Tesla grants Elon Musk $29bn in shares

Tesla has awarded CEO Elon Musk a new share grant worth approximately $29 billion, a move aimed at retaining the billionaire executive as the company pivots from its struggling electric vehicle business toward robotaxis and humanoid robots. The grant, comprising 96 million new shares, is described by Tesla as a “good faith” step toward honoring […]

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

US court revives lawsuit against Elon Musk over child porn content

A United States federal appeals court on Friday reinstated part of a lawsuit accusing Elon Musk’s social media platform, X (formerly Twitter), of fostering an environment that allowed child exploitation content to thrive. While the court upheld broad legal protections for the platform under Section 230 of the Communications Decency Act, it ruled that X […]