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

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Tag: Elon Musk

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

X raises premium+ subscription prices by 37.5%

Social media platform X is increasing the price of its top-tier subscription service, Premium+, by 37.5%, bringing the monthly cost from ₦7,300 to ₦34,000. This marks the largest price hike since Musk acquired the company in 2022. The changes, effective December 21 for U.S. users, also apply to annual subscriptions, which rise from $168 to […]

Telegram partners Elon Musk’s xAI to distribute Grok
News

Musk’s xAI tests standalone app for Grok chatbot

Elon Musk’s AI company, xAI, has begun testing a standalone iOS app for its chatbot, Grok, which was previously exclusive to users of X (formerly Twitter). The app is currently available in beta in Australia and select countries, offering a range of generative AI capabilities. Grok allows users to access real-time data from the web […]

Telegram partners Elon Musk’s xAI to distribute Grok
News

Musk’s xAI gives X users free Grok-2 chatbot access

Elon Musk’s artificial intelligence startup, xAI, announced that the latest version of its Grok-2 chatbot will now be available for free to all users of X, the social media platform formerly known as Twitter. This move aims to broaden access to the chatbot’s advanced AI capabilities while maintaining premium benefits for paying subscribers. According to […]

Neuralink raises $600m, boosts valuation to $9bn
News

US SEC reopens investigation into Musk’s Neuralink

The United States Securities and Exchange Commission has reopened its investigation into Elon Musk’s brain-chip company Neuralink, according to a letter shared by Musk on the social media platform X on Thursday. The letter, dated December 12, was written by Musk’s attorney Alex Spiro and addressed to outgoing SEC Chair Gary Gensler. It also revealed […]

Musk to resign from Trump govt amid backlash, Tesla shares crash
News

Elon Musk becomes first man to reach $400bn net worth

Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, according to the Forbes real-time billionaires list, fueled by a 71% surge in Tesla’s shares this year and the growing valuation of his aerospace company, SpaceX. Musk, Tesla’s largest shareholder with a 13% stake, saw the EV maker’s shares reach a record high of […]

Elon Musk’s xAI secures $10bn in funding to expand AI
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Elon Musk seeks court order to stop OpenAI’s for-profit shift

Elon Musk, along with his AI company xAI and former OpenAI board member Shivon Zilis, has filed a motion for a preliminary injunction against OpenAI. The filing seeks to prevent OpenAI from transitioning into a fully for-profit entity and alleges that the company is pressuring its investors to avoid funding competitors like xAI. The lawsuit […]

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

Elon Musk’s xAI soars to $50bn valuation

Elon Musk’s artificial-intelligence startup, xAI, has surged to a $50 billion valuation just 16 months after its launch, signaling a major rise in the AI sector. The company, which focuses on creating AI systems for a variety of applications, is now competing head-to-head with established players like OpenAI and its popular chatbot, ChatGPT. OpenAI, which […]

News

Elon Musk unveils Optimus humanoid robot

Tech billionaire Elon Musk has unveiled the next-generation humanoid robot, Optimus, declaring its capabilities as boundless and setting the stage for a new era in robotics. Musk made the bold announcement at the highly anticipated “We, Robot” event, on Thursday night, just as the tech tycoon unveiled his company’s latest innovation in self-driving vehicles with […]

Elon Musk unveils two-door robotaxi at Tesla event
News

Elon Musk unveils two-door robotaxi at Tesla event

Elon Musk showcased a futuristic robotaxi featuring two gull-wing doors, along with a new robovan, during a high-profile event on Thursday. This unveiling marks a shift in Tesla’s focus from being a low-cost mass-market automaker to a leader in robotics. Musk introduced the “Cybercab,” which is slated for production in 2026 and expected to be […]

Starlink expands African footprint, enters Guinea-Bissau
News

NCC backtracks stance, says Starlink price hike approved

The Nigerian Communications Commission has reversed its earlier claim that Starlink, the satellite internet service provider, did not obtain regulatory approval for its recent price increase. In a Tuesday morning statement, the NCC initially indicated that Starlink would face sanctions for raising its subscription prices without prior authorization. “We were surprised that the company jumped […]

Elon Musk's xAI relocates to former OpenAI HQ in San Francisco
News

Elon Musk’s xAI relocates to former OpenAI HQ in San Francisco

Elon Musk’s artificial intelligence startup, xAI, has moved into the former headquarters of OpenAI. This transition highlights the area’s emerging status as a hub for top-tier AI companies. According to the San Francisco Business Times, Musk’s legal team stated in a lawsuit that he initially leased the office during his tenure at OpenAI and has […]

Elon Musk denounces French X probe as politically motivated
News

Musk’s X seeks Brazilian comeback amid misinformation feud

In a significant reversal, Elon Musk’s X has informed Brazil’s Supreme Court that it has complied with orders to curb the spread of misinformation and requested the lifting of the platform’s ban. Musk had resisted compliance for over five months, criticizing the orders as “censorship” and clashing with a judge in one of X’s most […]

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