X

Elon Musk’s xAI reportedly looks to raise $300M in tender offer

Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion. According to The Financial Times, the secondary stock offering, which comes after xAI acquired Musk’s social media platform, X, for $33 billion, will allow staff to sell shares to new investors. The tender offer […]

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Elon Musk says XChat is rolling out to all, but questions remain about its alleged security

Elon Musk on Sunday announced that a new version of X’s Direct Messaging (DM) feature, XChat, was rolling out with support for features like vanishing messages, encryption, and the ability to share files, alongside its audio and video calling support. The new features aren’t yet broadly available, as XChat only recently started beta testing among

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X continues to suffer bugs following Thursday outage

For over 24 hours, many X users, including this reporter, have been experiencing issues with the site’s basic functionality. Some messages won’t load, timelines won’t update, and certain posts can’t be seen without a webpage refresh (or several). The trouble started Thursday afternoon, according to Downdetector, a crowdsourced platform for flagging web outages. Beginning at

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Grok says it’s ‘skeptical’ about Holocaust death toll, then blames ‘programming error’

Grok, the AI-powered chatbot created by xAI and widely deployed across its new corporate sibling X, wasn’t just obsessed with white genocide this week. As first noted in Rolling Stone, Grok also answered a question on Thursday about the number of Jews killed by the Nazis in World War II by saying that “historical records,

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US man who hacked SEC’s X account to spike Bitcoin price sentenced to prison

Eric Council Jr., 26, was sentenced to 14 months in prison and three years of supervised release on Friday for participating in the hack of the official X account of the U.S. Securities and Exchange Commission. The U.S. Department of Justice announced the sentencing in a press release. Council and other hackers took over the

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X’s UK division saw revenue decline 66% in 2023 following Musk’s takeover

X has not been faring well in the U.K., which used to be a major source of revenue for the social network prior to Elon Musk’s takeover. Still named Twitter UK Ltd, revenues and profits for X’s U.K. entity collapsed by over 60% in 2023, according to accounts filed this week with the U.K.’s Companies

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OpenAI is reportedly developing its own X-like social media platform

OpenAI is building its own X-like social media network, according to a new report from The Verge. The project is still in the early stages, but there’s an internal prototype focused on ChatGPT’s image generation that contains a social feed. The report states that it’s unknown if OpenAI plans to launch the social network as a

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