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Tesla reports mixed financial results as Musk pivots automaker to AI and robots

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Figures fail to significantly buoy stock as firm admits ‘significant effort and hard work’ needed to achieve goalsTesla reported its first-quarter earnings on Wednesday, disclosing some better-than-expected results but faltering in some key areas. The report failed to significantly buoy Tesla’s stock, which has limped along this year while its CEO, Elon Musk, has tried […]

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SpaceX secures option to buy AI startup Cursor for $60bn or partner for $10bn

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Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk’s firm seeks foothold in the AI marketSpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer

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French prosecutors summon Elon Musk over alleged child abuse images on X

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Owner of X summoned along with former CEO Linda Yaccarino over investigation by cybercrime unitBusiness live – latest updatesEurope live – latest updatesElon Musk has been summoned to Paris, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse material and deepfake content.The

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NAACP lawsuit accuses Elon Musk’s xAI of polluting Black neighborhoods near Memphis

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Suit alleges the billionaire’s AI company is illegally spewing toxic pollutants from its datacenter in the Memphis areaA new lawsuit accuses Elon Musk’s artificial intelligence company of illegally spewing toxic pollutants into the Black neighborhoods on the border of Tennessee and Mississippi.The suit, filed Tuesday in Mississippi federal court, alleges xAI is violating the Clean

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Elon Musk’s X cuts payments to users who post clickbait

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Platform says it will reward original creators as it penalises ‘aggregators’ for flooding timelines with ‘stolen posts’Business live – latest updatesElon Musk’s X has reduced payments to users who post clickbait and recycle news stories as it warned account holders against “flooding the timeline” with low-quality content.Nikita Bier, X’s head of product, wrote on the

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Elon Musk’s xAI sues Colorado over new rules for artificial intelligence

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Company claims law regulating AI systems, set to go into effect in June, infringes on its first amendment rightsElon Musk’s artificial intelligence company, xAI, has filed a lawsuit against the state of Colorado over a new AI law set to take effect in June.The suit seeks to block the state from enforcing the law, which

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US defense official overseeing AI reaped millions selling xAI stock after Pentagon entered agreement with company

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Expert said federal law prohibits officials from taking actions in their jobs that benefit their own financial interestsA high-profile US defense department official who oversees the agency’s artificial intelligence efforts made a profit of up to $24m selling a private investment he held in Elon Musk’s AI company earlier this year, according to government ethics

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To beat Altman in court, Musk offers to give all damages to OpenAI nonprofit

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On Tuesday, Elon Musk amended his lawsuit that accuses OpenAI and its CEO, Sam Altman, of abandoning its mission, clarifying that any ill-gotten gains recovered should be returned to the AI firm’s charitable nonprofit arm, not to Musk. Musk “is not seeking a single dollar for himself,” according to his lawyer, Marc Toberoff. Toberoff told

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Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation

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Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tnBusiness live – latest updatesSpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace-to-artificial-intelligence

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Musk loves Grok’s “roasts.” Swiss official sues in attempt to neuter them.

ai, AI (Artificial Intelligence), Artificial Intelligence, defamation, Elon Musk, grok, misogyny, Policy, Social media, X, xAI

Last month, Swiss Finance Minister Karin Keller-Sutter filed a criminal complaint over an offensive Grok post generated by an X user that requested that the chatbot “roast” the government official. According to Bloomberg, Keller-Sutter’s complaint seeks to hold the X user accountable for defamation and verbal abuse. She also “asked the prosecutor to assess whether

Musk loves Grok’s “roasts.” Swiss official sues in attempt to neuter them. Read More »