Elon Musk

Brazil lifts Starlink account freeze after $3.3 mln transfer

Brazil’s Supreme Court Justice Alexandre de Moraes has lifted the freeze on the bank accounts of Starlink, the satellite internet service owned by Elon Musk, following the transfer of 18.35 million reais ($3.3 million) to the Brazilian government.
16 September 2024, 02:33 AM

Elon Musk promotes post suggesting women can't think freely due to 'Low T'

Elon Musk, one of the most influential figures in tech, is once again courting controversy—this time by endorsing a deeply sexist post by Autism Capital on X (formerly Twitter).
9 September 2024, 03:07 AM

X investors have lost billions in value: report

When Musk completed the $44 billion deal in 2022, he relied on a mix of his own wealth, bank loans, and investments from a network of friends and business associates. Two years later, the value of these investments has plummeted, with some investors facing staggering losses.
3 September 2024, 03:38 AM

Musk's new AI image generator causes ethical concerns

Elon Musk's Grok, an AI-powered chatbot integrated into X (formerly Twitter), has recently been given image generation capabilities, which is raising significant ethical and legal concerns due to the AI image generator's apparent lack of restrictions.
17 August 2024, 10:58 AM

Starlink obtains license to operate in Sri Lanka

Starlink, the satellite internet service owned by Elon Musk's aerospace company SpaceX, has been granted a license to operate in Sri Lanka by the country's telecommunications regulator. This makes Sri Lanka the first South Asian country to potentially have Starlink's internet services.
14 August 2024, 08:29 AM

Blue checkmarks on X deceives users: EU investigation

X, the social media platform formerly known as Twitter, has reportedly breached European Union (EU) content rules because, as per the EU, the platform deceives users with its blue checkmarks. As such, X is expected to pay a large amount of fines under disciplinary action to be taken by the EU.
14 July 2024, 10:19 AM

Apple and Meta might form AI partnership: report

Facebook's parent company Meta Platforms has talked about incorporating its generative AI model into Apple's newly revealed AI system for iPhones, reveals a report from The Wall Street Journal on Sunday. These discussions are reportedly in preliminary stages and could still be abandoned.
24 June 2024, 09:57 AM

Musk threatens to ban Apple devices at his companies

Elon Musk has recently stated that he plans to ban Apple devices at his companies, on the condition that Apple integrates OpenAI at the operating system level.
11 June 2024, 08:17 AM

Elon Musk's AI startup xAI now worth $24 bln

Elon Musk's AI startup, xAI, has recently raised $6 billion in Series B funding, culminating in a total post-money valuation of $24 billion, according to the company. 
28 May 2024, 05:10 AM

Elon Musk plans supercomputer to power xAI's Grok: report

Elon Musk's AI startup, xAI, is reportedly planning on building a supercomputer to power the next version of xAI's chatbot Grok, according to the American tech publication The Information. As per the report, Elon Musk told investors that the supercomputer is planned to be four times bigger than modern GPU clusters.
26 May 2024, 11:39 AM

Musk arrives in Indonesia's Bali for planned Starlink launch

Tycoon Elon Musk arrived on the Indonesian island of Bali on Sunday ahead of the planned launch of SpaceX's Starlink internet service, which the Indonesian government hopes will boost internet penetration and health services in remote parts of the sprawling archipelago
19 May 2024, 07:14 AM

Musk says Tesla charger network will grow, days after layoffs

Elon Musk said Tesla would invest over $500 million this year to install new superchargers, just days after a report of massive layoffs
11 May 2024, 06:34 AM

What is Elon Musk doing in China?

Elon Musk's recent visit to China has stirred significant interest and speculation, drawing attention to the purpose and implications of his journey. Musk's visit, the details of which were mostly kept secret, was primarily aimed at the rollout of Tesla's Full Self-Driving (FSD) software in China, as well as receiving necessary permissions for data transfer regulations.
30 April 2024, 10:10 AM

Tesla wins key China security clearance during Musk visit

Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday
29 April 2024, 11:06 AM

Tesla profits drop 55% in Q1

Tesla has reported a 55% decline in profits to USD 1.13 billion for the first quarter (Q1), marked by a lengthy electric vehicle (EV) price-cutting strategy and various obstacles affecting the automaker's financial performance.
25 April 2024, 03:11 AM

Tesla profits tumble but shares rise on new vehicle plan

Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market
24 April 2024, 06:34 AM

New X users might need to pay a fee before posting online

Elon Musk is considering implementing a small fee for new users on the social media network X (formerly known as Twitter), to enable posting and address the bot problem, according to recent announcements. In response to a post discussing changes on X's website, Musk proposed charging a small fee for new accounts as the "only way" to combat the "onslaught of bots."
16 April 2024, 09:01 AM

Elon Musk bets big on Tesla, not cars

Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
7 April 2024, 05:59 AM

Tesla reportedly drops plan to build low-cost EV

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.
6 April 2024, 11:46 AM

Tesla scraps low-cost car plans amid fierce Chinese EV competition

Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
6 April 2024, 07:05 AM