Shares of Elon Musk’s SpaceX climbed five percent on Tuesday morning after briefly falling below its $150 debut price following several losing sessions that erased investors gains over its first week trading.
The concept of building AI data centers in orbit has gained renewed momentum following SpaceX’s record-breaking IPO that raised over $85 billion and valued the company in the trillions. Elon Musk’s success and the massive pushback against AI data centers in rural and suburban communities has spurred competitors including Jeff Bezos to develop their own plans for space-based data centers
Yann LeCun, regarded as one of the “Godfathers of AI,” has publicly denounced Elon Musk’s AI company xAI, describing it as a “failure” and claiming Musk faces significant challenges in attracting top talent because the SpaceX and Tesla CEO has “not behaved in very good ways towards the previous team.”
The DOJ has intervened in a pollution lawsuit against Elon Musk’s xAI company, now a division of SpaceX, claiming the AI firm plays a vital role in military operations and national security.
Elon Musk’s SpaceX announced Tuesday it will acquire Anysphere, the software company behind the AI coding tool Cursor, in a $60 billion transaction aimed at expanding its footprint in the enterprise AI sector. Shares jumped more than nine percent in morning trading, giving SpaceX a similar market capitalization to Amazon.
Elon Musk’s SpaceX is reportedly breaking with Wall Street convention by establishing a fixed IPO price of $135 per share before its investor roadshow, aiming to raise a record $75 billion on a valuation of $1.75 trillion. Financial services firm Morningstar believes Musk’s company is only worth about half that amount.
Elon Musk has created uncertainty among potential investors after posting details about SpaceX’s partnership with Anthropic on social media that appear to contradict information in the company’s IPO filing.
Sam Altman faced damaging testimony from former OpenAI colleagues during the second week of Elon Musk’s trial against the AI company and its CEO.
French cybercrime prosecutors have announced that their investigation into Elon Musk and his social media platform X has been upgraded to a criminal probe, marking a significant escalation in the ongoing legal scrutiny of the tech tycoon’s deepfake porn scandal.
Elon Musk repeatedly clashed with OpenAI’s attorney during a heated cross-examination on the second day of a landmark trial that could shape the future trajectory of AI development.
Google has joined other major technology companies in signing an agreement with the Department of War to provide AI models for classified government operations, according to a report from The Information.
Assistant Attorney General for Civil Rights Harmeet Dhillon announced a win for American AI dominance after challenging a Colorado law.
Elon Musk’s SpaceX has secured an agreement granting it the option to acquire Cursor, a rapidly growing AI coding start-up, for $60 billion as the rocket maker pushes deeper into AI ahead of its hotly anticipated IPO.
Tesla and xAI CEO Elon Musk has called for the United States federal government to provide “Universal HIGH INCOME” checks to citizens as he believes AI and robotics will radically reshape the employment landscape.
Sam Altman’s OpenAI has formally requested that the attorneys general of California and Delaware investigate what it characterizes as “anti-competitive behavior” by Elon Musk as a courtroom showdown between the AI moguls nears jury selection.
Elon Musk’s SpaceX has taken a major step toward becoming a publicly traded company by confidentially filing for an initial public offering with securities regulators.
A California jury has determined that Elon Musk defrauded Twitter shareholders during the period leading up to his $44 billion purchase of the social media platform, according to a verdict delivered on Friday.
Three teenage girls have filed a class-action lawsuit against Elon Musk’s AI company xAI, alleging that its Grok image generator was used to create and distribute child sexual abuse material featuring their likenesses.
Tesla CEO Elon Musk has revealed that the company’s Terafab Project for producing AI chips will commence on March 21, marking a significant shift for Musk toward vertical integration in semiconductor manufacturing.
Elon Musk’s SpaceX is preparing for what could become the largest initial public offering in history, potentially raising $50 billion and exceeding the total amount raised by all 90 IPOs that debuted last year.
Leaders from the leading companies in AI including Google, Microsoft, Meta, Oracle, xAI, OpenAI, and Amazon have signed a non-binding agreement at the White House committing to fund the electricity infrastructure needed for their data center operations.
When Israel and the United States launched coordinated military strikes against Iran on Saturday, one AI system was not surprised. According to the Jerusalem Post, Elon Musk’s AI platform Grok had correctly predicted the specific date of the attack last week when the publication asked four AI systems when the strikes would occur.
Tech tycoon Elon Musk publicly slammed AI rival Anthropic this week, calling its AI models “misanthropic and evil” in a post on his social media platform X. According to Musk, Anthropic’s AI “hates Whites & Asians, especially Chinese, heterosexuals and men.”
Jimmy Ba, a cofounder of Elon Musk’s artificial intelligence startup xAI, announced his departure from the company on Tuesday, marking the second high-level exit in less than 48 hours.
Elon Musk is combining SpaceX with his artificial intelligence startup xAI as the merged entity prepares for a massive IPO that could value the combined company at $1.25 trillion.
Tech giants Apple and Google are offering numerous AI-powered applications on their app stores that can generate non-consensual nude images from ordinary photographs, according to a new report from industry watchdog Tech Transparency Project. The report comes after a global scandal erupted at Elon Musk’s Grok AI generated sexual deepfakes of women and children and posting them on X.
The European Commission has initiated a formal investigation into Elon Musk’s social media platform X over the scandal centering on its Grok AI generating sexualized deepfake images of women and children.
Elon Musk’s xAI is still permitting users to create and post highly sexualized pictures and videos of real women generated through its AI tool Grok, despite recent company claims of implementing stricter content controls.
Tech Tycoon Elon Musk has declared that traditional retirement planning is obsolete due to coming technological advances he believes will eliminate scarcity. Musk says, “Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.”
Elon Musk’s Grok AI chatbot will no longer allow users to sexualize images of real people by portraying their targets in revealing clothing, the company announced Wednesday evening, following global criticism over the tool’s usage as a “nudify” app to portray women and even children in sexual situations.
A senior State Department diplomatic official has indicated that Washington may take retaliatory action if British regulators move forward with potential plans to ban Elon Musk’s social media platform X.
Facing a global backlash for Grok AI generating deepfake sexualized images of women and children, Elon Musk’s X platform has restricted access to Grok’s image editing capabilities to paying subscribers only.
Starmer set up for showdown with the U.S. as he threatens to ban X, formerly known as Twitter, prompting sanctions warnings from Washington.
A federal judge in California has rules that Elon Musk’s lawsuit against OpenAI and its chief executive Sam Altman contains sufficient evidence to warrant a jury trial, rejecting attempts by OpenAI’s legal team to have the case dismissed.
Ashley St Clair, the mother of one of Elon Musk’s sons, has revealed she is being subjected to “revenge porn” deepfakes created using the tech tycoon’s AI tool Grok, which posts the images on X. Musk has been under fire for a week over Grok acting as a “nudify” tool to manipulate images of women and even children into sexually explicit situations.
Elon Musk’s Grok AI chatbot, integrated into his X social media platform, has been generating sexualized images of women even when they forbid it from manipulating their images, raising serious concerns among users, experts, and international authorities. Musk took heat last week when Grok was generating sexualized images of minors, which his xAI company said was caused by “lapses in oversight.”
Elon Musk’s xAI is facing criticism after its Grok chatbot generated and posted sexualized images of minors on social media platform X. Musk’s company claimed, “We’ve identified lapses in safeguards and are urgently fixing them. Child sexual abuse material is illegal and prohibited.”
Elon Musk’s AI chatbot Grok raised eyebrows on X by lavishing praise on its billionaire owner, ranking him as the greatest human in world history and making other dubious claims about his physical fitness and fighting prowess, among many other topics. Many of these posts were later deleted after Musk was embarrassed by the viral posts
A federal judge has ruled that Elon Musk’s X Corp. and xAI can move forward with their lawsuit against Apple and OpenAI over anticompetitive practices in the AI industry.
A bipartisan group of lawmakers including Sen. Josh Hawley (R-MO) have introduced the GUARD Act to restrict minors from accessing AI “companion” chatbots, citing safety risks, privacy concerns, and mounting lawsuits.
