Topic
11 written stories · 31 tracked
X Money is now available in the United States, with the service beginning its rollout today. The app is being introduced across the U.S. market as part of the platform’s new financial offering.
SpaceX made its Nasdaq debut with shares opening at $150 after being priced at $135, delivering an 11% first-day pop and valuing the company at roughly $1.9 trillion. The offering made Elon Musk the world’s first trillionaire, and he later said he had given the IPO “less than a 10% chance” of success.
Elon Musk departed from OpenAI and subsequently sought to bring key OpenAI leaders, including Sam Altman, into Tesla. He aimed to establish an AI unit within Tesla by recruiting these founders. The initiative was part of Musk’s effort to extend his influence over artificial-intelligence development.
Elon Musk has agreed to pay $1.5 million to settle the Securities and Exchange Commission’s allegations that he failed to disclose his ownership of more than a 5 percent stake in Twitter. The payment resolves the SEC’s Twitter-disclosure case and represents the maximum penalty allowed for the violation.
Elon Musk has amended his lawsuit against OpenAI to direct any damages he may win to the company’s nonprofit arm. He also seeks the removal of Sam Altman from OpenAI’s nonprofit board. The amendment reflects Musk’s intent to benefit the nonprofit rather than the for-profit entity.
Elon Musk has told banks working on SpaceX’s IPO that they must purchase subscriptions to the Grok chatbot. The banks have agreed to spend tens of millions of dollars to integrate Grok into their systems. SpaceX has filed the necessary paperwork with the Securities and Exchange Commission.
Elon Musk has decided to pause the rollout of new creator monetization rules on X. The proposed changes would have tied payouts to engagement from a user’s local audience and were criticized for limiting revenue for foreign influencers. Musk’s intervention halted the program’s implementation.
Elon Musk has announced the Terafab project, a new chip-manufacturing facility located in Austin, Texas. The plant will be operated jointly by Tesla and SpaceX and will produce robotics, AI, and space data-center chips for Tesla, xAI, and SpaceX. Musk has said the site will be the largest chip-manufacturing facility ever built.
Elon Musk has dismissed several xAI co-founders after the company’s AI coding effort stalled. He has brought in personnel from SpaceX and Tesla to “fix” the project, saying xAI was not built right the first time and is being rebuilt from the foundations up. The move follows reports that the company’s performance has been poor, prompting job cuts.
Elon Musk is pursuing a $134 billion payout from OpenAI and Microsoft, alleging that the companies have abandoned OpenAI’s original nonprofit mission. The lawsuit filings describe Microsoft’s decade-long relationship with OpenAI and reveal that a new subsidiary was planned during the period when Sam Altman was fired.
California’s attorney general has issued a cease-and-desist order to Elon Musk’s xAI, directing the company to stop creating and distributing AI-generated sexual deepfakes, including non-consensual intimate images and child sexual abuse material. The demand targets content produced by xAI’s Grok model, reflecting heightened scrutiny from state and federal officials.