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Elon Musk's xAI raising $10 billion at $200 billion valuation: sources

cnbc.com Kif Leswing 2025-09-19 17:56:11

Elon Musk's AI company, xAI, has raised $10 billion from investors that puts the company's post-money valuation at $200 billion, sources told CNBC's David Faber. The valuation for Musk's AI company is the latest example of skyrocketing valuations for companies that develop foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company in the industry, held a secondary share sale that valued it at $500 billion. The fundraising c

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What’s Driving the Turnover at Musk’s AI Startup?

gizmodo.com Lucas Ropek 2025-09-21 13:50:37

Elon Musk’s xAI has lost a large number of top executives in recent months—so many that onlookers have begun to wonder what’s causing the high turnover rate. Now, new reporting from the Wall Street Journal suggests some of those executives may have left due to internal conflict over the management style at the company and disagreements over its financial projections. The list of executives who have recently departed Musk’s firm includes Mike Liberatore, the company’s former chief financial offi

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Google pokes a banana-shaped hole in Musk’s claims of Apple’s bias towards OpenAI

9to5mac.com Marcus Mendes 2025-09-25 16:15:08

A few weeks ago, a frustrated Elon Musk sued Apple, claiming that the company’s pro-OpenAI bias made it impossible for other AI companies to rise to the top of the App Store. This week, Google Gemini became the latest app to contradict his claims. When Musk first suggested that Apple’s ties to OpenAI were unfairly impacting App Store rankings, xAI had just made Grok 4 free for all users, and had just made a splash with the release of controversial AI companions. Despite an App Store ranking bu

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Tesla's stock erases loss for the year, soaring 85% from April low

cnbc.com Lora Kolodny 2025-09-28 13:40:32

Tesla's shares have finally turned positive for the year. After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President Donald Trump's announcement of sweeping new tariffs, Wall Street has again rallied around the electric vehicle maker. The stock rose 3.6% on Monday to $410.26, topping its closing price of 2024 by over $6. It's up 85% since bottoming for the year at $221.86 on April 4. A new filing revealed that CEO

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Tesla Engineer Quits, Roasts Elon Musk in Spectacular Fashion

futurism.com Unknown 2025-09-28 16:25:05

After a tenure of eight years, a Tesla engineer has quit the company — and directed a seething missive toward his boss, Elon Musk. "I do need to address the elephant in the room: the main reason I'm leaving is that I think Elon has dealt huge damage to Tesla's mission (and to the health of democratic institutions in several countries)," Giorgio Balestrieri, a staff algorithms engineer who joined in 2017, wrote in a scathing LinkedIn post last week. "Beyond that, Elon's leadership and decision m

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Musk buys $1bn worth of Tesla shares

feeds.bbci.co.uk Unknown 2025-09-29 08:53:37

Musk buys $1bn worth of Tesla shares 1 hour ago Share Save Natalie Sherman BBC News Share Save Getty Images Billionaire Elon Musk has scooped up roughly $1bn (£735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric car maker. Shares in Tesla, which have struggled to advance this year, jumped more than 6% in early trading on Monday on the news. Musk already held a roughly 13% stake in the company, but he has long sought more control of the firm, which he has

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Elon Musk responds to Tesla pay proposal by buying $1 billion worth of stock

theverge.com Andrew J. Hawkins 2025-09-29 09:02:42

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk is responding to the unprecedented pay package proposal from Tesla’s board of directors by slightly increasing his stake in the company. Musk bought $1 billion in Tesla stock through an irrevocable trust on September 12th, acc

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Everyone Thinks Elon Musk is Going to Build a SpaceX Mobile Network

gizmodo.com Aj Dellinger 2025-09-29 22:50:18

SpaceX’s has been partnering with mobile carriers like T-Mobile to offer its satellite internet service Starlink to extend the reach of cell networks. But, according to a report from the Washington Post, the company has ambitions to be more than just a partner. Following a major purchase of wireless spectrum earlier this week, it appears everyone is expecting Elon Musk’s company to get into the wireless network business for itself. On Monday, it was reported that SpaceX was finalizing a deal wi

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Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’

techcrunch.com Anthony Ha 2025-09-29 22:33:34

In Brief With Tesla shareholders set to vote on a proposed 10-year, $1 trillion compensation package for CEO Elon Musk in November, board chair Robyn Denholm spoke to The New York Times to defend what would be the largest pay package in corporate history. Denholm, who was also on the special committee that put the compensation proposal together, argued that Musk needs to be motivated by extraordinary challenges tied to extraordinary compensation. At the same time, she suggested he’s less inter

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Elon Musk’s Comments on Houston Flood Tunnels Are Misleading, Experts Say

gizmodo.com Yilun Cheng 2025-09-29 22:00:02

This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Billionaire Elon Musk is taking issue with a recent investigation by the Houston Chronicle and The Texas Newsroom that raised questions about a flood tunnel project he’s pitching to address Houston’s chronic flooding woes. But experts said his response, which he did not explain to the newsrooms, is

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Elon Musk Appears to Now Be Firing the People Behind Grok

futurism.com Unknown 2025-09-29 20:41:30

After vowing to create a "maximum truth-seeking" AI, Elon Musk appears to now be sacking the people who built it for him. Slack screenshots leaked to Business Insider show that the accounts of at least nine high-level employees with the data annotation team at xAI, Musk's OpenAI competitor, were deactivated over the weekend, in what seems like a major culling at the lab that built the social network's infamous chatbot, Grok. Those people, who weren't named by BI, previously worked on the human

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It’s Getting Ugly: Sam Altman Seeks Texts From Shivon Zilis, Elon Musk’s Employee/Mother of His Child

gizmodo.com Lucas Ropek 2025-09-30 02:00:59

Last year, Elon Musk sued his rival Sam Altman’s company, tech superstar OpenAI. In his lawsuit, Musk claimed that the company had violated federal racketeering laws because, having once promised to stay a nonprofit research lab, had since converted itself into a for-profit company. Musk, who initially poured tens of millions of dollars into the startup, claims he was deceived. OpenAI and Altman have since countered that Musk also wanted OpenAI to become a for-profit venture. This week, the lega

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Larry Ellison briefly becomes world's richest person

feeds.bbci.co.uk Unknown 2025-09-30 15:55:26

Larry Ellison briefly becomes world's richest person 2 days ago Share Save Danielle Kaye Business reporter Share Save Getty Images Larry Ellison, pictured at an Oval Office meeting earlier this year, has overtaken Elon Musk in fortune Elon Musk briefly lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump. Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to t

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Elon Musk Says an OpenAI Whistleblower Was Murdered

futurism.com Unknown 2025-10-02 06:05:59

In the early morning hours of Thursday, Tesla CEO Elon Musk claimed that an OpenAI whistleblower named Suchir Balaji, who passed away last year, was actually killed. "He was murdered," Musk posted, in reference to Balaji's death. The late 26-year-old software engineer had gone to the New York Times months before his passing, decrying what he deemed to be illegal copyright violations by his employer. He was also prepared to testify as a witness in the newspaper's lawsuit against the company. A

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OpenAI secures Microsoft’s blessing to transition its for-profit arm

techcrunch.com Maxwell Zeff 2025-10-02 08:18:29

OpenAI announced Thursday it reached a non-binding agreement with Microsoft, its largest investor, on a revised partnership that would allow the startup to convert its for-profit arm into a public benefit corporation (PBC). The transition, should it be cleared by state regulators, could allow OpenAI to raise additional capital from investors and, eventually, become a public company. In a blog post, OpenAI Board Chairman Bret Taylor said under the non-binding agreement with Microsoft, OpenAI’s

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‘He Was Murdered’: Elon Musk Jumps Into Controversy Over OpenAI Whistleblower

gizmodo.com Matt Novak 2025-10-02 15:10:03

Tucker Carlson published a new interview with OpenAI CEO Sam Altman on Wednesday in which the two men discussed some pretty dark topics. Altman also talked about his beef with Elon Musk, and it wasn’t long before the Tesla CEO chimed in on X with his own thoughts, definitively claiming that a whistleblower at OpenAI “was murdered,” in a tweet Thursday. During the episode, Carlson and Altman talk about Suchir Balaji, a researcher at OpenAI who died on Nov. 26, 2024. Balaji had accused OpenAI of

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Elon Musk Says Starlink Could Replace Your Cellphone Carrier

cnet.com See Full Bio 2025-10-04 17:20:00

On Wednesday, just one day after SpaceX acquired $17 billion of wireless spectrum from telecommunications company EchoStar, Elon Musk made some typically bold claims for how he would put it to use. The second-richest person in the world described a vision where Starlink could be your one-stop-shop for connectivity, whether at home or when you’re away from your Wi-Fi. On the All-In podcast, Musk said Starlink could eventually combine its home internet service with mobile. But he was careful to n

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Larry Ellison is $100 billion richer after blowout Oracle earnings report

cnbc.com Jordan Novet 2025-10-05 05:24:37

Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendant

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Starship to Deliver 100 Tons to Orbit by 2026, Musk Claims

gizmodo.com Passant Rabie 2025-10-05 21:05:41

Starship finally broke a losing streak of back-to-back flops, acing its 10th suborbital flight last month. Following the rocket’s success, SpaceX founder and CEO Elon Musk is now confident that the massive vehicle will begin flying payloads to space in 2026. During an interview with the All-In Podcast, Musk explained how an upgraded version of Starship will reach orbit by next year and demonstrate full reusability of the Super Heavy booster and its upper stage. “Unless we have some very major s

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Larry Ellison usurps Elon Musk as the world’s richest person

theverge.com Emma Roth 2025-10-05 21:29:12

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk can no longer claim the title of the world’s richest man — at least for the time being. The net worth of Oracle CTO and co-founder, Larry Ellison, ballooned by $101 billion on Wednesday morning, bringing his total fortune to $393 billion, according to

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Tesla's Market Share Has Fallen So Badly That It's Back to 2017 Levels

futurism.com Unknown 2025-10-06 00:15:02

Ten years ago, it was rare to see a Tesla on the road. The Model S, despite being the world's best-selling EV at the time, sold just over 50,000 units worldwide, making it rarer to see on the road than the exceedingly rare Porsche Macan. In the following years, Tesla rocketed to the top of the sales charts, cementing its Model Y as the best-selling vehicle of 2023. Now, Tesla's once dominant empire has shriveled to a shell of its former self. Though the EV company once commanded a whopping 80

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The MechaHitler defense contract is raising red flags

theverge.com Hayden Field 2025-10-06 07:00:00

is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. Ask someone their worst fears about AI, and you’ll find a few recurring topics — from near-term fears like AI tools replacing human workers and the loss of critical thinking to apocalyptic scenarios like AI-designed weapons of mass destruction and automated war. Most have one thing in common: a loss of human control. And the sy

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Tesla Admits That Its Cars May Never Fully Drive Themselves

futurism.com Unknown 2025-10-07 16:20:19

Tesla has quietly changed how it defines "Full Self-Driving," Electrek reports, in a way that awfully sounds like it's giving up on CEO Elon Musk's perennially pushed-back promise that its cars will actually drive themselves without human help. The change comes in a document outlining a potential and absolutely ludicrous $1 trillion compensation package for Musk that the Tesla board recently filed with the Securities and Exchange Commission. The GDP of a wealthy nation's worth in stock options,

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Tesla Wants Out of the Car Business

news.ycombinator.com Patrick George 2025-10-11 01:20:06

Elon Musk still makes some of America’s best electric cars. Earlier this summer, I rented a brand-new, updated Tesla Model Y, the first refresh to the electric SUV since it debuted, in 2020. Compared with even just two years ago, when the Model Y became the world’s best-selling car, many companies make great EVs now. Some of them have the Model Y beat in certain areas, but for the price, the Tesla is still the total package. Now, imagine how good Teslas could be if Musk apparently wasn’t so bor

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Musk’s $1T pay package is full of watered-down versions of his own broken promises

techcrunch.com Sean O'Kane 2025-10-11 04:02:36

Tesla has proposed a massive new $1 trillion compensation package for its CEO Elon Musk, and many of the benchmarks he needs to hit are simply watered-down versions of promises he’s spent years making about the company. That’s not the picture Tesla’s board of directors paints in the company’s annual proxy statement, where they revealed the proposed pay package. Instead, the board focuses on how it plans to create “the most valuable company in history.” To be sure, if Tesla accomplishes all tha

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Tesla's board to Elon Musk: Hit these milestones, and we'll make you a trillionaire

engadget.com Unknown 2025-10-10 17:09:14

It's September 2025, and things are looking peachy keen. Sure, the US job market has taken a nosedive. And yeah, only one in four Americans believes they have a good chance of improving their standard of living. But hey, Tesla's board has proposed a pay package that could make Elon Musk the world's first trillionaire. What really matters is that someone is having a good time, right? Tesla's board laid out what's by far the biggest CEO compensation package in history on Friday. It reads like the

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Tesla changes meaning of 'Full Self-Driving', gives up on promise of autonomy

news.ycombinator.com Fred Lambert 2025-10-11 09:23:55

Tesla has changed the meaning of “Full Self-Driving”, also known as “FSD”, to give up on its original promise of delivering unsupervised autonomy. Since 2016, Tesla has claimed that all its vehicles in production would be capable of achieving unsupervised self-driving capability. CEO Elon Musk has claimed that it would happen by the end of every year since 2018. Tesla has even sold a software package, known as “Full Self-Driving Capability” (FSD), for up to $15,000 to customers, promising tha

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Tesla Proposes a Trillion-Dollar Bet That It's More Than Just Cars

wired.com Aarian Marshall 2025-10-11 13:26:44

For a while now, Tesla CEO Elon Musk has seemed awfully distracted. His past few years in non-Tesla activities include: buying and renaming Twitter; going all in on President Donald Trump’s election campaign and then an obscure Wisconsin Supreme Court race; a lot of babymaking, plus attendant drama; and months spent standing up the so-called Department of Government Efficiency. Meanwhile, Tesla sales have slid as the electric-car maker faces fierce competition from Chinese manufacturers and rej

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Tesla’s ad spend on X has shrunk to almost nothing

techcrunch.com Sean O'Kane 2025-10-12 09:00:46

Tesla spent $400,000 advertising on Elon Musk’s social media platform X in 2024, according to a new regulatory filing. But the automaker appears to be on track to spend just a fraction of that in 2025 as sales have struggled. In the first two months of 2025, Tesla spent $10,000 on X ads, putting it on track to spend only $60,000 annually unless it radically increases its advertising for the remainder of the year. During the same time period last year, it had already spent $200,000 on X, Tesla d

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Tesla Announces Plans to Give Elon Musk $1 Trillion

futurism.com Unknown 2025-10-12 12:40:07

Tesla's board has proposed an unprecedented pay package for its CEO Elon Musk: around $1 trillion worth of shares, Bloomberg reports. It's a major escalation in the firm's increasingly desperate attempts to encourage its highly divisive leader to stick around and stay attentive. That's despite Tesla's core business imploding over the past year, largely the result of Musk's alienating behavior and surging international competition. "Simply put, retaining and incentivizing Elon is fundamental to

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Latest Tech News

Elon Musk's xAI raising $10 billion at $200 billion valuation: sources

What’s Driving the Turnover at Musk’s AI Startup?

Google pokes a banana-shaped hole in Musk’s claims of Apple’s bias towards OpenAI

Tesla's stock erases loss for the year, soaring 85% from April low

Tesla Engineer Quits, Roasts Elon Musk in Spectacular Fashion

Musk buys $1bn worth of Tesla shares

Elon Musk responds to Tesla pay proposal by buying $1 billion worth of stock

Everyone Thinks Elon Musk is Going to Build a SpaceX Mobile Network

Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’

Elon Musk’s Comments on Houston Flood Tunnels Are Misleading, Experts Say

Elon Musk Appears to Now Be Firing the People Behind Grok

It’s Getting Ugly: Sam Altman Seeks Texts From Shivon Zilis, Elon Musk’s Employee/Mother of His Child

Larry Ellison briefly becomes world's richest person

Elon Musk Says an OpenAI Whistleblower Was Murdered

OpenAI secures Microsoft’s blessing to transition its for-profit arm

‘He Was Murdered’: Elon Musk Jumps Into Controversy Over OpenAI Whistleblower

Elon Musk Says Starlink Could Replace Your Cellphone Carrier

Larry Ellison is $100 billion richer after blowout Oracle earnings report

Starship to Deliver 100 Tons to Orbit by 2026, Musk Claims

Larry Ellison usurps Elon Musk as the world’s richest person

Tesla's Market Share Has Fallen So Badly That It's Back to 2017 Levels

The MechaHitler defense contract is raising red flags

Tesla Admits That Its Cars May Never Fully Drive Themselves

Tesla Wants Out of the Car Business

Musk’s $1T pay package is full of watered-down versions of his own broken promises

Tesla's board to Elon Musk: Hit these milestones, and we'll make you a trillionaire

Tesla changes meaning of 'Full Self-Driving', gives up on promise of autonomy

Tesla Proposes a Trillion-Dollar Bet That It's More Than Just Cars

Tesla’s ad spend on X has shrunk to almost nothing

Tesla Announces Plans to Give Elon Musk $1 Trillion

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