U.S. President-elect Donald Trump has appointed tech entrepreneur Elon Musk and business leader Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE), an initiative aimed at reducing government spending. DOGE's primary mission is to address the massive $6.5 trillion federal budget, targeting areas of wasteful spending and excessive regulations. ...
Tesla shareholders have filed a lawsuit against CEO Elon Musk and other executives, accusing them of prioritizing Musk's AI company, xAI, over Tesla's interests. The Cleveland Bakers and Teamsters Pension Fund, along with Daniel Hazen and Michael Giampietro, reportedly lodged the stockholder complaint in Delaware's Chancery Court at the company's ...
Elon Musk’s artificial intelligence venture, xAI, has announced the completion of a $6 billion Series B funding round. This funding milestone elevates xAI’s valuation to $24 billion, just 11 months after its launch in July 2023. The investment round included participation from prominent investors such as Valor Equity Partners, Vy ...
Contrary to recent speculation, Electric car manufacturer Tesla's latest earnings report indicates that the company has maintained its Bitcoin holdings for the seventh consecutive quarter without any significant changes. Observers had previously noted a discrepancy in Tesla's reported Bitcoin holdings in March 2023. BitcoinTreasuries reported the company's holdings at 9,720 ...
In another significant step marking its expansion into the financial services sector, X (formerly Twitter) has obtained a financial services license in another state in the U.S. According to public records, X, via its subsidiary Twitter Payments, secured a currency transmitter license from the government of Rhode Island on August ...
