Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022. Axios reports that this move is probably […]
Fidelity reportedly marked up its X stake by 32 percent Read More »
xAI, Elon Musk’s AI company, is reportedly preparing to release a standalone consumer app. That’s according to The Wall Street Journal, which reports that the upcoming app will be similar to OpenAI’s ChatGPT app, allowing users to access xAI’s Grok chatbot from their personal devices. The app will likely arrive after xAI closes its next
Elon Musk’s AI company may release a consumer app Read More »
Reid Hoffman, co-founder at LinkedIn and Inflection AI, shared his expectations for the incoming Trump administration in an opinion piece for the Financial Times. And while he appears hopeful that President-Elect Donald Trump could clear the way for more competition and faster innovation in the technology industry, Hoffman also expressed concerns around Trump providing certain
Elon Musk may be suing OpenAI, accusing the ChatGPT maker of abandoning the company’s original mission as a nonprofit organization, but Josh Kushner, founder of Thrive Capital and one of the company’s key investors, has nothing but good things to say about the world’s richest man. “I have deep admiration and respect for Elon,” Kushner
OpenAI investor Josh Kushner praises Musk, despite Musk’s OpenAI lawsuit Read More »
A lawsuit by the world’s wealthiest man against one of the fastest growing companies of all time is necessarily interesting stuff. But while the allegations are yet to be proven, the case has already exposed a batch of emails between Elon Musk, Sam Altman, and others during OpenAI’s early days. Here are a few of
OpenAI’s tumultuous early years revealed in emails from Musk, Altman, and others Read More »
Elon Musk’s lawsuit against OpenAI accusing the company of abandoning its nonprofit mission was withdrawn in July, only to be revived in August. Now, in an amended complaint, the suit names new defendants including Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member and Microsoft VP Dee Templeton. The amended filing also adds new
Musk’s amended lawsuit against OpenAI names Microsoft as defendent Read More »
Elon Musk’s lawsuit against OpenAI accusing the company of abandoning its non-profit mission was withdrawn in July, only to be revived in August. Now, in an amended complaint, the suit names new defendants including Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member and Microsoft VP Dee Templeton. The amended filing also adds new
Musk’s amended lawsuit against OpenAI names Microsoft as defendant Read More »
Social network X has so far limited its AI chatbot Grok (built by Elon Musk’s other company xAI) to its premium, paying users. However, the platform is seemingly preparing to open up the chatbot to free users. Over the weekend, several app researchers and users posted about a free version of Grok being made available
X is testing a free version of AI chatbot Grok Read More »
Elon Musk – the billionaire CEO of Tesla, SpaceX, and xAI, and the owner of The Boring Company, Neuralink, and X – took a sharp swing to the right this election to support president-elect Donald Trump, using his vast wealth, influence, and megaphone on X to influence the outcome of the election. Musk’s support came
What Trump’s win might mean for Elon Musk Read More »
Elon Musk’s AI company, xAI, is in talks to raise new funding at a valuation around $40 billion, according to The Wall Street Journal. xAI hopes to raise several billion dollars in the round, adding to the $6 billion in Series B funding that the company raised in May. The rumored valuation would nearly double
Elon Musk’s xAI is reportedly trying to raise billions more Read More »
