Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares
3 weeks, 5 days ago

Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares

Hindustan Times  

The investors who backed Elon Musk's takeover of social media platform X will see huge gains after a surge in the valuation of xAI, its artificial intelligence company. Yes or No?” This is because Musk gave 25% of of xAI's shares to those same investors who backed his $44 billion acquisition of Twitter. These investors include Fidelity, Oracle co-founder Larry Ellison, Saudi Arabia’s Prince Alwaleed bin Talal, Twitter founder Jack Dorsey and Silicon Valley venture firms Sequoia Capital and Andreessen Horowitz, according to the report. This can also be a boon for banks like Morgan Stanley and Barclays which are sitting on about $13 billion of Twitter debt, according to the report which added that Musk had taken about $7.1 billion from investors to fund the takeover while the rest was with bank loans and his fortune, including by selling Tesla shares.

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History of this topic

Elon Musk's X hikes up price for premium plus plan to boost creator payments
Trending News
22 hours, 19 minutes ago

Elon Musk's X hikes up price for premium plus plan to boost creator payments

Hindustan Times  

Elon Musk-owned social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments, reported Reuters. X, formerly Twitter, has increased the price of its premium plus subscription Their top-tier plan has increased from $16 to $22 per month in the United States, reported Reuters citing a …

OpenAI’s legal battle with Elon Musk reveals internal turmoil over avoiding AI ‘dictatorship’
1 week, 3 days ago

OpenAI’s legal battle with Elon Musk reveals internal turmoil over avoiding AI ‘dictatorship’

Associated Press  

A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company. OpenAI filed a response Friday opposing Musk’s requested order, saying it would “debilitate OpenAI’s business” and mission …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
1 week, 4 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round
2 weeks, 3 days ago

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round

Deccan Chronicle  

Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. Bloomberg News reported in October that xAI was seeking new funding at a $40 billion valuation, not including …

Elon Musk funded a super PAC comparing Trump’s position on abortion to Ruth Bader Ginsburg’s
2 weeks, 3 days ago

Elon Musk funded a super PAC comparing Trump’s position on abortion to Ruth Bader Ginsburg’s

Associated Press  

Elon Musk was the sole funder of a super PAC formed less than a month before the election that focused on advertising intended to convince voters that Donald Trump ‘s stance on abortion was akin to that of late Supreme Court Justice Ruth Bader Ginsburg. A group titled RBG PAC, formed in mid-October, received a single contribution of $20.5 million …

Elon Musk's xAI raises another $6 billion from over 90 different investors in latest funding round
2 weeks, 4 days ago

Elon Musk's xAI raises another $6 billion from over 90 different investors in latest funding round

Firstpost  

OpenAI, which has raised $17.9 billion since its founding in 2015, remains a formidable competitor. xAI’s Colossus supercomputer is set to grow from 100,000 Nvidia GPUs to over a million Musk reportedly offered 25 per cent of xAI shares to those who supported his $44 billion acquisition of Twitter to offset their losses. Among these investors are Oracle founder Larry …

Fidelity marks up the value of its holdings in Elon Musk's X by 32.37% in October
3 weeks, 1 day ago

Fidelity marks up the value of its holdings in Elon Musk's X by 32.37% in October

Firstpost  

Even though Fidelity marked up its holdings in X by an impressive 32.37 per cent, it still considers X to be worth substantially less than the $44 billion Musk initially paid for it, valuing the platform at nearly 72 per cent below its original purchase price Fidelity Investments has given a notable boost to its valuation of X Holdings, the …

Elon Musk plans to launch a new chatbot to take on OpenAI: Report
3 weeks, 5 days ago

Elon Musk plans to launch a new chatbot to take on OpenAI: Report

Hindustan Times  

Elon Musk is planning to launch a new chatbot to further scale his artificial intelligence startup xAI and take on OpenAI which he also had co-founded, but left in 2018 due to a power struggle. This comes as a by-product of Musk pushing contractors to build Colossus, a massive new data centre in Memphis, Tennessee, in just 122 days with …

Elon Musk’s xAI goes after OpenAI
3 weeks, 5 days ago

Elon Musk’s xAI goes after OpenAI

Live Mint  

An underappreciated force behind great technological change is intense—and petty—rivalry. The cash and computing power will help train the third generation of Grok, which Mr Musk, with his usual rambunctiousness, has promised will be “the world’s most powerful AI by every metric". Though some investors resent the way Mr Musk takes from one company to give to another, he argues …

Elon Musk’s startup xAI valued at $50 billion in new funding round
1 month ago

Elon Musk’s startup xAI valued at $50 billion in new funding round

Live Mint  

Elon Musk’s artificial intelligence startup, xAI, has told investors it raised $5 billion in a funding round valuing it at $50 billion—more than twice what it was valued at several months ago. Investor interest in Musk’s businesses, including xAI and SpaceX, have increased since Donald Trump won the presidential election. xAI, which launched in July of last year, plans to …

‘Toxic’: Leading UK media house decides to stop posting on Elon Musk-led X
1 month, 1 week ago

‘Toxic’: Leading UK media house decides to stop posting on Elon Musk-led X

Hindustan Times  

The Guardian, one of the United Kingdom's leading news outlets, on Wednesday announced that it was quitting Elon Musk-owned social media platform X, branding it a "toxic media platform" home to "often disturbing content". In its official statement, the newspaper said that the "toxic content" that was allowed to be fostered in the platform during the US presidential election campaign …

Elon Musk’s $200 million PAC: The game-changer for Donald Trump’s 2024 campaign
1 month, 1 week ago

Elon Musk’s $200 million PAC: The game-changer for Donald Trump’s 2024 campaign

Live Mint  

Elon Musk’s America PAC has made a significant impact on the 2024 US presidential race by contributing nearly $200 million to Donald Trump’s campaign. This change enabled the Trump campaign to access Musk’s vast resources, redirecting funds to energize turnout in crucial red states, saving campaign dollars for more targeted ads and national outreach efforts. At his election night party, …

Even Musk’s Grok knows: X’s AI system named Elon as one of the biggest pushers of misinformation on platform
1 month, 1 week ago

Even Musk’s Grok knows: X’s AI system named Elon as one of the biggest pushers of misinformation on platform

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Based on various analyses, social media sentiment, and reports, Elon Musk has been identified as one of …

Elon Musk’s engagement on his X account ‘increased significantly’ since he endorsed Trump, new research says
1 month, 2 weeks ago

Elon Musk’s engagement on his X account ‘increased significantly’ since he endorsed Trump, new research says

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Elon …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
1 month, 3 weeks ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
1 month, 3 weeks ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

Twitter brain drain: Academic exodus followed Elon Musk’s takeover
2 months ago

Twitter brain drain: Academic exodus followed Elon Musk’s takeover

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s takeover of Twitter in 2022 triggered an exodus of academics from …

"Misinformation superspreaders": Elon Musk is personally boosting conspiracy theorists on X
2 months, 3 weeks ago

"Misinformation superspreaders": Elon Musk is personally boosting conspiracy theorists on X

Salon  

Tesla CEO Elon Musk is a prolific spreader and amplifier of misinformation on his social media platform X, formerly Twitter, a new report alleges. Two other accounts that experienced massive boosts from Musk either amplified or outright invented conspiracy theories suggesting that Vice President Kamala Harris’ campaign adopted a Nazi slogan; that Ukraine sold weapons to Hamas; and that Venezuelan …

Elon Musk ditched by his own employees? Tesla, SpaceX and X workers donate more to Trump's rival Kamala Harris
3 months ago

Elon Musk ditched by his own employees? Tesla, SpaceX and X workers donate more to Trump's rival Kamala Harris

Hindustan Times  

Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump's Democratic rival Kamala Harris. Employees at Elon Musk's rocket company SpaceX have donated $34,526 to Harris versus $7,652 to Donald Trump. Workers at Tesla have contributed $42,824 to Harris' presidential campaign …

Elon Musk Net Worth 2027 Trillionaire World First
3 months ago

Elon Musk Net Worth 2027 Trillionaire World First

ABP News  

Elon Musk, the eccentric billionaire CEO of Tesla, SpaceX, and owner of X, may be on the brink of becoming the world’s first trillionaire. Currently the wealthiest individual globally, with an estimated net worth of around $250 billion, Musk's financial trajectory suggests he could reach this unprecedented milestone by 2027, according to a report by Informa Connect Academy. Musk holds …

Elon Musk sued by former Twitter board member Omid Kordestani over shares
4 months, 1 week ago

Elon Musk sued by former Twitter board member Omid Kordestani over shares

The Hindu  

X owner Elon Musk was sued by a former Twitter board member, Omid Kordestani, who said he was owed more than $20 million in shares that the billionaire had not given him, per The New York Times. In 2022, when billionaire Elon Musk proceeded to buy the social media platform for around $44 billion, Kordestani helped in the process. However, …

Elon Musk Is All In on Endorsing Trump. His AI Chatbot, Grok, Is Not
54 years, 11 months ago

Elon Musk Is All In on Endorsing Trump. His AI Chatbot, Grok, Is Not

Wired  

While Elon Musk officially endorsed former president Donald Trump in the wake of Saturday’s assassination attempt, Grok, the “anti-woke” AI chatbot integrated into Musk’s X platform, is boosting claims that Trump is “a pedophile” and “a wannabe dictator.” The chatbot also refers to Trump as “Psycho.” This is based on an analysis shared exclusively with WIRED by Global Witness, a …

Why Bernie Sanders is thanking Elon Musk
5 months ago

Why Bernie Sanders is thanking Elon Musk

Raw Story  

U.S. Sen. Bernie Sanders on Tuesday took the unusual step of applauding Elon Musk—but not for reasons that the Tesla CEO and world's richest man would likely find flattering. In the wake of reports indicating that Musk plans to inject $45 million per month into a new super PAC supporting former President Donald Trump's bid for another four years in …

Elon Musk to give $45m a month to pro-Trump election group: Report
5 months, 1 week ago

Elon Musk to give $45m a month to pro-Trump election group: Report

Al Jazeera  

Musk’s donations will go to a group dubbed America PAC, which will support Trump’s re-election by focusing on voter registration, early voting and mail-in ballots among residents in swing states. Tech billionaire Elon Musk has said he plans to donate approximately $45m each month to a new super political-action committee supporting Donald Trump‘s election bid, according to a United States …

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
5 months, 2 weeks ago

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Hindustan Times  

Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake. Investors in the proposed class action said Musk and his wealth manager Jared Birchall knew a U.S. Securities and Exchange …

Elon Musk pressurises X CEO Linda Yaccarino to cut costs and boost sales, report says
6 months ago

Elon Musk pressurises X CEO Linda Yaccarino to cut costs and boost sales, report says

India Today  

More than a year ago, Linda Yaccarino took charge as X CEO and has often made headlines. Sources within the company told Financial Times that Yaccarino has been particularly anxious about meeting Musk’s demands to increase revenue and reduce expenses. The meeting was headed by Yaccarino, and she reportedly told employees to promote Musk's recent venture x.AI but didn't talk …

Elon Musk tries to walk back ‘go f*** yourself’ comments to woo advertisers who fled X
6 months ago

Elon Musk tries to walk back ‘go f*** yourself’ comments to woo advertisers who fled X

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Last year, Elon Musk …

Elon Musk's Tamil meme dig at Apple-OpenAI partnership spins amusing X reactions
6 months, 1 week ago

Elon Musk's Tamil meme dig at Apple-OpenAI partnership spins amusing X reactions

Hindustan Times  

Elon Musk's unhinged X escapades have inadvertently become part of the social media platform's renewed legacy since the businessman and investor took over the reigns. Elon's jab meant to imply how the Apple-OpenAI partnership essentially spells the commencement of yet another chapter in unethical data sharing. Elon Musk used a meme-ified still from Tamil film Thappattam to take a dig …

Elon Musk plans xAI supercomputer- four times larger than Meta: Report
6 months, 3 weeks ago

Elon Musk plans xAI supercomputer- four times larger than Meta: Report

Hindustan Times  

Elon Musk recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer, it was reported. Elon Musk addresses participants via videoconference during the 8th edition of the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition centre in Paris. The supercomputer will use Nvidia’s flagship H100 graphics processing units and will be …

Elon Musk's xAI raises $6 billion in Series B funding round
6 months, 3 weeks ago

Elon Musk's xAI raises $6 billion in Series B funding round

Hindustan Times  

Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday. Tech billionaire Elon Musk arrives at Ngurah Rai International airport in Denpasar on Indonesia's Bali island. The money will be used to take xAI's …

Elon Musk’s X is especially vulnerable to an ad boycott
7 months, 1 week ago

Elon Musk’s X is especially vulnerable to an ad boycott

Hindustan Times  

For someone who despises the advertising industry, Elon Musk has a way with viral slogans. Since Mr Musk fired 80% of X’s staff, including many moderators, more bile seems to be leaking through the filters. In September Mr Musk said that X’s American ad business was down by 60%. Even before GFY, Insider Intelligence, another research firm, expected X’s worldwide …

Elon Musk’s xAI nears funding at $18 billion value soon as this week
7 months, 2 weeks ago

Elon Musk’s xAI nears funding at $18 billion value soon as this week

Hindustan Times  

Elon Musk’s artificial intelligence startup X.AI Corp. is set to close its funding round at a valuation of about $18 billion as soon as this week, according to people familiar with the matter. Tesla CEO Elon Musk and his security detail depart the company's local office in Washington, US. The maker of AI chatbot assistant Grok was set to raise …

‘No. Twitter’, Netizens overwhelmingly react as poll asks if they prefer Musk's ‘X’ over platform's old name
7 months, 3 weeks ago

‘No. Twitter’, Netizens overwhelmingly react as poll asks if they prefer Musk's ‘X’ over platform's old name

Hindustan Times  

And the result is out! Google Whistleblower Zach Vorhies says ‘X is not bad’ but… Meanwhile, Zach Vorhies, a Google Whistleblower, wrote: "X doesn’t have the equivalent to the noun/verb phrase “tweet” and this is commodifying the brand name." Twitter is the name I still use when referring to this platform’: X users react Posting a picture of the famous …

Musk’s xAI is raising $6 billion from Sequoia and others
7 months, 4 weeks ago

Musk’s xAI is raising $6 billion from Sequoia and others

The Hindu  

Elon Musk’s AI startup xAI is raising $6 billion at a valuation of $18 billion, according to a report by The Information. The funding round will see participation from Sequoia Capital and Future Ventures, the venture capital fund started by Musk’s friend and SpaceX board member, Steve Jurvetson. A TechCrunch report has revealed that all of Musk’s companies are interlinked …

Elon Musk says new X users will have to pay to tweet: ‘Only way to stop bots’
8 months, 1 week ago

Elon Musk says new X users will have to pay to tweet: ‘Only way to stop bots’

Hindustan Times  

Elon Musk is planning to charge new X users a small fee to use the social media platform, a move that he believes could solve the bot problem. In reply to an X account that posted about changes on the microblogging website, Elon Musk said charging a small fee to new accounts was the “only way” to stop the “onslaught …

Elon Musk’s AI startup xAI struggling to raise money to compete with OpenAI?
8 months, 1 week ago

Elon Musk’s AI startup xAI struggling to raise money to compete with OpenAI?

Hindustan Times  

Elon Musk’s AI startup X.AI Corp. is seeking to raise $3 billion to $4 billion in a deal that would value the company at $18 billion, as per materials sent to investors, Bloomberg reported. Tesla, X and SpaceX's CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain. Even people who are close to Elon Musk …

Elon Musk's xAI could be valued at $18 billion. Here's how
8 months, 2 weeks ago

Elon Musk's xAI could be valued at $18 billion. Here's how

Hindustan Times  

xAI, the artificial intelligence firm launched by Elon Musk in July last year, could potentially be valued at $18 billion as investors close to the billionaire are in talks to raise $3 billion, an amount that will take the company to the said valuation, The Wall Street Journal has reported. Elon Musk Those considering putting money into xAI include venture …

Elon Musk to raise salaries of Tesla engineers to ward off poaching by OpenAI, other AI startups. Detail here
8 months, 2 weeks ago

Elon Musk to raise salaries of Tesla engineers to ward off poaching by OpenAI, other AI startups. Detail here

Live Mint  

Elon Musk acknowledged Tesla Inc. is having to make special efforts to retain artificial intelligence specialists, some of whom have left the carmaker in the past year to join his AI venture. In responding to a report by The Information on how his startup xAI has poached four engineers from Tesla, the chief executive officer blamed “the craziest talent war …

Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock
8 months, 3 weeks ago

Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock

Raw Story  

Early investors in the Trump Media & Technology Group are telling Reuters that they made a quick profit by cashing out late last week just before the company's first financial report sent its share prices into a freefall on Monday. One such investor was Mohammed Al Shalloudi, a 21-year-old data analyst from the United Arab Emirates, who rushed to invest …

Sharechat gets $49 million funding from investors, aims to be profitable in…
8 months, 3 weeks ago

Sharechat gets $49 million funding from investors, aims to be profitable in…

Hindustan Times  

Social media unicorn ShareChat raised $48.89 million in a round led by Tencent and Lightspeed. In the last funding round, Sharechat was valued at almost $5 billion while its peers in the social media space- X and Snap- witnessed large drops in valuation. ShareChat Sharechat's troubles in the past one year In December 2023, Sharechat fired 200 employees- almost 15 …

OpenAI says Musk agreed the ChatGPT maker should become a for-profit company
9 months, 2 weeks ago

OpenAI says Musk agreed the ChatGPT maker should become a for-profit company

Associated Press  

Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead. “The mission of OpenAI is to ensure AGI benefits all of humanity, which means both building safe and beneficial AGI and …

OpenAI Disputes Elon Musk's Allegations, Claims The Billionaire Sought Role Of CEO
9 months, 2 weeks ago

OpenAI Disputes Elon Musk's Allegations, Claims The Billionaire Sought Role Of CEO

ABP News  

OpenAI, the Sam Altman-led organisation behind ChatGPT, has strongly refuted allegations made by Elon Musk, co-founder of the startup, claiming a deviation from its original mission. We’re sharing some facts about our relationship with Elon, and we intend to move to dismiss all of his claims.https://t.co/npC4P5pJE7 — OpenAI March 6, 2024 According to OpenAI's statement, Musk's lawsuit alleges a breach …

Elon Musk dismisses reports about AI company’s $500 mn funding as ‘fake news’
11 months ago

Elon Musk dismisses reports about AI company’s $500 mn funding as ‘fake news’

Live Mint  

Tech billionaire Elon Musk has dismissed reports on the $500 million worth of funding plans for his artificial intelligence start-up xAI through posts on social media site X. Replying separately to two users on the site, Musk told one user the information was "simply not accurate" and called the original Bloomberg report "fake news" in reply to another. Contradictory Reports …

Elon Musk's xAI secures $500 million toward $1 billion funding goal
11 months ago

Elon Musk's xAI secures $500 million toward $1 billion funding goal

Hindustan Times  

Elon Musk's artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, Bloomberg News reported on Friday. Elon Musk The artificial intelligence startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter. Last …

Elon Musk's AI firm xAI not raising funds 'right now', he says
1 year ago

Elon Musk's AI firm xAI not raising funds 'right now', he says

Hindustan Times  

Elon Musk said on Wednesday his artificial intelligence company xAI was not raising funds "right now", a day after the startup filed with the U.S. securities regulator to raise up to $1 billion in an equity offering. Elon Musk The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the …

Elon Musk’s ChatGPT-killer xAI to raise $1 billion to invest in Grok, other bots, take on OpenAI
1 year ago

Elon Musk’s ChatGPT-killer xAI to raise $1 billion to invest in Grok, other bots, take on OpenAI

Firstpost  

Elon Musk-led xAI, the makers of ChatGPT-killer Grok, is planning to raise a $1 billion investment by offering equity shares. xAI faces competition from companies such as OpenAI, creator of ChatGPT, in which Musk was involved before departing in 2018 xAI, the artificial intelligence startup founded by tech mogul Elon Musk, has filed with the Securities and Exchange Commission to …

Elon Musk's AI firm xAI files to raise up to $1 billion in equity offering
1 year ago

Elon Musk's AI firm xAI files to raise up to $1 billion in equity offering

The Hindu  

Elon Musk's artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. Fundraising for AI remains a bright spot for startups this year, following OpenAI's launch of popular chatbot ChatGPT last year and raising of $10 billion from its strategic backer Microsoft Corp. …

Elon Musk's X reprimanded after disinformation safety feature scrapped
1 year ago

Elon Musk's X reprimanded after disinformation safety feature scrapped

ABC  

An independent committee has found that X, formerly Twitter, was in breach of Australia's voluntary misinformation and disinformation code, and has withdrawn it as a signatory. Key points: X removed the mechanism for reporting misinformation posted on its platform The ability to report misinformation is a key tenet of the ACPDM code The code is voluntary X removed the mechanism …

Elon Musk's AI company ‘xAI’ to launch its first programme tomorrow: ‘Best that currently exists’
1 year, 1 month ago

Elon Musk's AI company ‘xAI’ to launch its first programme tomorrow: ‘Best that currently exists’

Hindustan Times  

Billionaire Elon Musk on Friday announced that his artificial intelligence firm, xAI, will launch its proprietary AI programme this Saturday, albeit with limited capacity. Elon Musk "Tomorrow, @xAI will release its first AI to a select group. READ | My son bears middle name ‘Chandrasekhar’: Elon Musk tells Indian minister at UK AI summit During the launch of his AI …

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