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Tag: Elon Musk

X CEO Linda Yaccarino resigns after two years
News

X CEO Linda Yaccarino resigns after two years

The Chief Executive Officer of X (formerly Twitter), Linda Yaccarino, has resigned from her role on Wednesday morning, nearly two years after taking the helm of Elon Musk’s embattled social media platform. “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime,” Yaccarino wrote […]

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

Elon Musk launches party to challenge US political establishment

Elon Musk, tech billionaire and former ally of U.S. President Donald Trump, has unveiled a new political movement—the America Party—aimed at breaking what he calls the United States’ “one-party system.” The announcement, made on Saturday via X (formerly Twitter), comes amid a growing rift between Musk and Trump. Musk, who was the largest individual donor […]

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

xAI secures permit for natural gas-powered supercomputer in US

Elon Musk’s AI firm, xAI, has received official approval to operate natural gas-powered turbines at its supercomputer facility in Tennessee, United States, according to public records released Wednesday. The Shelby County Health Department issued the permits on July 2, despite ongoing opposition from local residents who voiced concerns about air pollution during public hearings. Under […]

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

Musk’s X suffers outage, some users unable to load site

Elon Musk’s social media platform X experienced an outage on Wednesday, preventing some users from loading the site. According to analytics firm Downdetector, more than 15,000 users reported problems around 9:53 a.m. ET. Most of the issues were resolved by 10:30 a.m. ET, though some users continued to experience disruptions. The platform has seen multiple […]

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

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

Elon Musk’s artificial intelligence startup, xAI, has successfully raised $10 billion through a combination of debt and equity financing, global investment bank Morgan Stanley announced on Monday. The funding includes a $5 billion debt package—comprising secured notes and term loans—and an additional $5 billion in strategic equity investment. According to Morgan Stanley, the debt offering […]

Tech giant Oracle faces scrutiny over handling of data breaches
News

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 […]

News

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
News

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
News

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
News

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 […]

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