San Francisco, United States - Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership, giving both companies greater independence while maintaining their close collaboration. Microsoft will hold approximately 27 percent of the restructured OpenAI, an investment valued at roughly $135 billion, as the ChatGPT...
OpenAI unveils search browser in challenge to Google
San Francisco, United States - ChatGPT-maker OpenAI on Tuesday announced an "Atlas" search browser, leveraging its artificial intelligence prowess in a direct challenge to Google Chrome. "This is an AI-powered web browser built around ChatGPT," OpenAI chief Sam Altman said in a streamed presentation. OpenAI has ramped up its challenge...Elon Musk halfway to becoming world’s first trillionaire: report
Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported Wednesday.Elon Musk buys $1 billion in Tesla shares, stock prices go up 6%
New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a regulatory filing, sending the share price up six percent on Monday. According to the filing with the Securities and Exchange Commission, the billionaire, who also owns social media platform X...Tesla proposes package for Musk that could top $1 trillion
New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1 trillion if the controversial CEO delivers on his vision for stratospheric growth from new technologies. The plan potentially provides Musk -- already the world's wealthiest person -- with up to...Musk creates America Party to challenge US’s ‘one-party system’
The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out with the president after leading the Republican's effort to slash spending and cut federal jobs as head of the so-called Department of Government Efficiency (DOGE).Trump says Musk has ‘lost his mind’ as feud fallout mounts
Washington, United States - US President Donald Trump said Friday that Elon Musk had "lost his mind" but insisted he wanted to move on from the fiery split with his billionaire former ally. The blistering public break-up between the world's richest person and the world's most powerful is fraught with...Musk to exit US government role after rare break with Trump
Washington, United States - Billionaire Elon Musk on Wednesday announced he was leaving his role in US government, intended to reduce federal spending, shortly after his first major break with President Donald Trump over his signature spending bill. "As my scheduled time as a Special Government Employee comes to an...
Microsoft strikes deal with Elon Musk to host Grok AI
Seattle, United States - Microsoft on Monday said its business cloud servers will now host technology from xAI, days after the chatbot from the company owned by Elon Musk went off the rails by referencing "white genocide" in South Africa. Musk told an event hosted by Microsoft that his company's...
Amazon launches first Starlink-rival internet satellites
Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's sprawling network of internet satellites that has reshaped the sector and handed Musk significant geopolitical clout.EU to probe use of personal data by X’s AI chatbot
Ireland's data protection watchdog, acting on behalf of the European Union, launched an inquiry Friday into the use of personal data by Elon Musk's platform X to train its AI chatbot, Grok.
OpenAI files counterclaims against Musk as feud deepens
San Francisco, United States -- Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without him. In legal documents filed Wednesday in northern California's federal court, OpenAI alleges Musk became hostile...Tesla sales tumble in Europe in Q1
The company suffered from boycotts against the policies of Elon Musk.
OpenAI says it raised $40 bn at valuation of $300 bn
San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and "enables...
EU skewers Google, Apple over tech rules – despite Trump threats
The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could trigger hefty fines -- and ordering Apple to make its iPhone interact better with rivals' devices.OpenAI board rejects Elon Musk-led $97.4 billion buyout offer
San Francisco, United States -- OpenAI's board chairman on Friday said it has unanimously rejected an Elon Musk-led offer to buy the hot artificial intelligence company for $97.4 billion. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," chairman of the...
The $480 billion creator economy revolution
We're likely to see more creators seeking alternatives to traditional gatekeepers, following in the footsteps of artists like Taylor Swift. At the same, a possible YouTube-Google split could significantly impact the digital advertising market, potentially creating new opportunities for other players in the entertainment industry, Hawari adds.
Asia stocks mostly down after Wall St. losses
The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday, with the S&P 500 and the Nasdaq both dropping more than one percent. Tech stocks led the way, with Elon Musk's electric car giant Tesla closing around five percent lowerMusk’s AI startup raises $6bn more, Saudi and Qatari funds among investors
Paris, France -- Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market. The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA and...Elon Musk asks US court to block OpenAi’s for-profit conversion
Washington, United States -- Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported Saturday. Attorneys representing the billionaire and his AI startup, xAI, filed the injunction Friday, the financial news site reported. The injunction also requests that OpenAI be stopped...
End of a love affair: news media quit X over ‘disinformation’
Paris, France -- News outlets have begun quitting X, formerly Twitter, once a favorite of global media but now accused of enabling the spread of disinformation under its owner, president-elect Donald Trump ally Elon Musk. Citing a "harsh and extreme" climate, Sweden's newspaper of reference, the left-liberal Dagens Nyheter (DN), on...Who will staff Trump’s Govt? A look at top contenders, with Elon Musk among the likely picks
Tesla CEO Elon Musk could head a new "Department of Government Efficiency," promising $2 trillion in federal budget cuts and ensuring "fair and humane" transitions for impacted government workers.Is Musk’s million-dollar US voter lottery legal?
Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day until the US Election Day on November 5 has raised questions about the legality of such a move
Elon Musk’s Starlink internet launches in war-scarred Yemen
Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of Iran-backed Houthi rebels in the country shattered by civil war. The company -- run by the world's richest person -- announced its arrival in Yemen, one of the world's least...Social media platform X to shutter local operations in Brazil
Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the platform's rights and responsibilities, owner Elon Musk said on Saturday. The service will remain available to Brazilian users.Tesla auto deliveries beat expectations
Electric carmaker Tesla saw its shares surge on Tuesday.Musk plans largest-ever supercomputer for xAI startup: report
Washington, United States - Billionaire tech mogul Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of compute" to support the development of his artificial intelligence startup xAI, an industry news outlet reported Saturday. Musk wants the supercomputer - which will string together 100,000 Nvidia chips -...Tesla to unveil robotaxi in August
Its shares rose more than three percent in after-market trades.Tesla reports drop in auto sales
The decline was in part due to a weak sales market in China.
Hyundai to invest $50bn in South Korea
The automaker will make a bigger push to produce EVs.SpaceX poised for third launch test of Starship megarocket
Two previous attempts have ended in spectacular explosions, though that's not necessarily a bad thing: the company has adopted a rapid trial-and-error approach in order to accelerate development, and the strategy has brought success in the past. SpaceX also aims to re-light the ship's engines in space, and perform an...
SpaceX Crew-7 returns after six-month mission on Space Station
Washington, United States - Four astronauts splashed down off Florida in the Gulf of Mexico on their return to Earth early Tuesday, following a more than six-month mission on the International Space Station. The SpaceX Crew Dragon spacecraft landed in the waters off Pensacola at 5:47 am (0947 GMT), with a...
Musk says will ‘open source’ Grok chatbot, a rival to ChatGPT
Tech investors are increasingly in split camps on the development of AI and how the technology should advance. Companies such as Meta support an open source system in which researchers and other companies can access the technology's inner workings to develop new products or innovations.Led by Elon Musk, Silicon Valley tech titans make rightward turn
Washington, United States -- Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley is a citadel of well-heeled liberals beholden to Democrats. Long considered non-identifiable ideologically, Musk's politics are now hardline right wing as he uses his...OpenAI denies Musk’s ‘betrayal accusations, plans legal dismissal
OpenAI captured the public imagination in late 2022 with the release of its chatbot ChatGPT, which can generate poems and essays and even succeed in exams. OpenAI has received about $13 billion in investment from Microsoft in recent years, and both companies market AI services to developers and individuals.SpaceX blasts off to ISS with US, Russia astronauts on board
Just minutes after the launch, as the rocket soared over the Atlantic, it was moving at a speed of 6,000 miles per hour, NASA TV commentators said. It took about nine minutes for the capsule to settle into orbit as it prepared to dock with the ISS and relieve four...SpaceX launch taking crew to ISS delayed again by weather
Hours before Saturday night's scheduled launch, SpaceX posted on X that "elevated winds" forced the delay. It was the latest postponement for the launch, which initially was slated for February 22.Elon Musk files lawsuit against OpenAI over mission ‘betrayal’
Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in 2015, accusing its leaders of a "betrayal" of its founding mission. The tycoon, who left OpenAI in 2018, argued in documents filed in a San Francisco court late on Thursday...
Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments, reveals TRENDS.Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023 despite significant investments, reveals TRENDS.
Musk says patient moves cursor with brain implant
The Neuralink startup, cofounded by Musk in 2016, aims to build direct communication channels between the brain and computers. The ambition is to supercharge human capabilities, treat neurological disorders like ALS or Parkinson's, and maybe one day achieve a symbiotic relationship between humans and artificial intelligence.Starlink satellites approved for use in Israel and Gaza
Access to reliable, high-speed internet will "enable potentially life-saving medical consultations via real-time video calling," UAE Foreign Ministry spokesperson Afra Al Hameli said on social media, welcoming the deal. Gaza's hospitals have been overwhelmed by more than four months of war, during which 68,291 people have been wounded according to...Tesla’s Musk throws down the gauntlet
Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.
BYD overtakes Tesla in EV sales
Tesla's stock slipped after the news was announced.Tesla launches Shanghai battery plant project
The project was announced in April after Tesla chief Elon Musk presented a vague but ambitious plan to investors to turbocharge growth. Company representatives signed an agreement to acquire land for the factory on the outskirts of Shanghai on Friday morning, according to state news agency Xinhua.Tesla files recall on 2m vehicles to fix autopilot software
Tesla's Autopilot program has spurred numerous government investigations as well as media exposes focusing on misuse or vulnerabilities. The system has also been targeted in lawsuits. In October, a California jury rejected a plaintiff’s suit against Tesla which claimed that a fatal 2019 crash was the result of the company's...Musk’s AI startup to raise $1bn
He hopes it will compete with ChatGPT's Open AI.
Israeli president tells Musk he has ‘huge role’ in anti-Semitism fight
The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas fighters on October 7, and met with Prime Minister Benjamin Netanyahu and defense officials. Musk has been criticized over what critics say is a proliferation of hate speech on X, formerly Twitter, since...Musk to meet Israeli president, hostage families
Musk, owner of X, formerly known as Twitter, has come under fire over what critics say is a proliferation of hate speech on the social media site since his takeover. He has also been accused by the White House of "abhorrent promotion" of anti-Semitism after endorsing a conspiracy theory seen...With X’s Musk under fire, Biden joins rival Threads
The White House confirmed it had launched Threads accounts for the president, First Lady Jill Biden, Vice President Kamala Harris, her husband Douglas Emhoff and the White House itself in English and Spanish. An official said that Threads is an additional way "we can communicate with the American people about...
Elon Musk’s X supports US student in trouble over posts
Dubai, UAE--Elon Musk’s X has made good on its promise to back users who are being punished for statements they make on his social media platform, coming to the defense of a University of Illinois student after the school launched disciplinary proceedings against him over statements he made on Twitter,...
