Musk says X could soon receive payment licenses in New York, California
By Krystal Hu and Sheila Dang (Reuters) – Elon Musk said on Wednesday that his social media platform X could soon receive approval for a money transmitter license in New…
OpenAI seeks to dismiss all of Musk’s claims in lawsuit
By Abinaya Vijayaraghavan (Reuters) – ChatGPT maker OpenAI on Tuesday refuted Elon Musk‘s claims that the startup abandoned its original mission to develop artificial intelligence for the benefit of humanity…
One year after being fired, X’s African employees were paid
Fourteen months of waiting before getting a severance package after being suddenly laid off. This happened to X’s African team of less than 20 people, who found themselves out of work shortly…
Nvidia stock surges as revenue forecast tops estimates, AI demand continues
By Arsheeya Bajwa and Max A. Cherney (Reuters) – Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering…
Chinese EV maker Xpeng to hire 4,000, invest in AI
By Zhang Yan, Sarah Wu, and Brenda Goh SHANGHAI/BEIJING (Reuters) – Chinese electric vehicle maker Xpeng said it would hire 4,000 this year and invest millions in artificial intelligence, as…
How a Chinese rocket failure boosted Elon Musk’s SpaceX in Indonesia
By Stefanno Sulaiman, Devjyot Ghoshal and Joe Brock JAKARTA (Reuters) – When a Chinese rocket malfunctioned shortly after launch in April 2020, destroying Indonesia’s $220 million Nusantara-2 satellite, it was…
Musk says SpaceX has moved its incorporation to Texas from Delaware
By Utkarsh Shetti and Akanksha Khushi (Reuters) – Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday in a post on…
China’s BYD plans new electric vehicle plant in Mexico, says Nikkei
By Sameer Manekar (Reuters) – China’s BYD Co Ltd will set up a new electric vehicle (EV) factory in Mexico, Nikkei reported on Wednesday, citing the company’s Mexico head, as…
Musk’s Neuralink switches location of incorporation to Nevada
By Akash Sriram (Reuters) – Elon Musk‘s brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states. The development…
Spotify signs new deal with popular US podcaster Joe Rogan
By Jaspreet Singh (Reuters) – Spotify Technology SA announced a new multi-year deal with comedian and podcaster Joe Rogan on Friday, in a bid to tap into the popularity of…