XAI
Tech billionaires in Democrats’ crosshairs: Who could face congressional probes? Here’s the hit list
Elon Musk, Mark Zuckerberg, Jeff Bezos and other tech leaders could face congressional investigations as Democrats prepare to take control of Congress in 2027. Their scrutiny could focus on ties to Donald Trump, political influence, AI development, data center expansion and the industry's impact on American jobs and communities.
SpaceX-Tesla merger could give Musk control without Mars, robotaxi milestones
Elon Musk's compensation packages at SpaceX and Tesla are tied to ambitious goals involving Mars and robotics. Recent discussions on a merger may provide Musk with greater voting control at Tesla. The current arrangement at SpaceX gives Musk significant voting rights without needing to achieve specified goals. Analysts suggest that Musk's plans may be adjusted post-merger to align with new market conditions.
Here's how two major AI companies are limiting usage of their AI models
OpenAI has enacted new rules that disallow the stacking of paid ChatGPT subscriptions on a single device or payment card. Users hitting subscription caps will encounter an error message, preventing them from activating more subscriptions. Many users have complained about GrokBot's rapidly declining usage allocations. Elon Musk admitted the rising costs are contributing to Grok user dissatisfaction.
Decoded: Will AI agents outlast the hype?
Krish Ramineni, founder of AI note-taking company Fireflies.ai, said consumers were experimenting with applications ranging from shopping and price comparisons to booking flights and hotels, making restaurant reservations, managing bills and subscriptions, and seeking refunds.
Grok bot users hit limits faster as Elon Musk warns of ‘unsustainably high’ AI agent costs: What happens next?
Grok Bot usage limits: Elon Musk says the cost of running Grok Bot has become unsustainable relative to its revenue as users report hitting weekly usage limits faster. Despite 800,000 paid weekly users, questions remain about the service's costs, pricing and future limits.
Sam Altman, Sundar Pichai and Dario Amodei have one thing in common. Elon Musk has a cheeky response to 3 top tech CEO's diet choices
Elon Musk revealed that he starts his day with steak, eggs and coffee, contrasting his diet with vegetarian tech leaders Sam Altman, Sundar Pichai and Dario Amodei. While Altman prefers fasting and espresso, Pichai sticks to eggs, toast and chai. Dario became vegetarian after following his sister Daniela's example.
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Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
Nvidia's web of AI bets: smart strategy or bubble risk?
Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarantees that has made the chip giant what some analysts describe as the central bank of the artificial intelligence boom. Nvidia also has around $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center, according to US media.
X factor in Musk cocktail: AI synergies are real, but the proposed SpaceX-Tesla merger has red flags for shareholders
Elon Musk is exploring a potential merger between Tesla and SpaceX amidst rising valuations and technological collaboration. Both companies aim to enhance their capabilities in AI and related technologies while managing significant capital expenditures. However, the merger raises concerns about shareholder control and scrutiny over company operations. Additionally, the merger could face political scrutiny from both Beijing and Washington due to data privacy issues.
Elon Musk’s xAI offers to buy 418 homes near its Mississippi data centre amid noise complaints
Residents in Colonial Hills are considering buyout offers from xAI due to ongoing noise complaints. The energy demands of the AI data centers have raised community concerns about noise and pollution. A lawsuit was filed by three residents alleging that the constant sound affected their quality of life. Renters also face uncertainty as some landlords have accepted buyout offers without considering tenant needs.
AI-powered cyberattacks siphon ₹300 crore from small NBFCs in two months
Recent cyberattacks have inflicted an estimated loss of ₹300 crore on Indian NBFC, with around 150 fraud cases reported. Focus has shifted towards identifying Chinese hacking platforms and AI toolkit involvement in these incidents. Exploiting operational weaknesses, these cybercriminals persistently launch their attacks, leading to urgent calls for NBFCs to bolster their cybersecurity frameworks to fend off further threats and safeguard their operations.
Michael Burry says Anthropic IPO papers show AI industry is 'catastrophically vulnerable'. What the 'Big Short' investor sees
Investor Michael Burry warned that Anthropic’s planned IPO exposes serious vulnerabilities in the AI industry, citing massive infrastructure commitments, slowing growth and mounting costs. The investor, known for predicting the 2008 financial crisis, believes disappointing AI revenues could trigger a significant market correction and capital losses.
From Carnegie to Claude: AI wealth could reshape philanthropy
A wave of American wealth created by artificial intelligence companies could produce some of the largest charitable sums since the era of Andrew Carnegie and John D. Rockefeller, raising questions about where the money goes. Nan Ransohoff of payments firm Stripe has described the moment as a "third wave" of American philanthropy, after the industrial fortunes of the late 19th century and the internet billionaires of recent decades.
Elon Musk wants to merge SpaceX and Tesla: Here's what to know
Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies. Musk cautioned that a merger is not certain.
Cybercriminals used AI agents to target over 400 Latin American banks: Report
The system, called CARLIY0S, was allegedly developed by a cybercrime group known as CyberCartel to achieve scale by automating different stages of attacks, including analysing targets, identifying vulnerabilities and developing ways to break into systems.
Elon Musk's public backing for SpaceX-Tesla tie-up sparks fears of shareholder scrutiny
Elon Musk's endorsement of a potential $3.5 trillion SpaceX and Tesla merger has sparked shareholder concerns. Insiders worry his comments may invite scrutiny, delaying the merger process. Musk cannot be involved in discussions due to potential conflicts of interest, indicating the influence of his prior dealings. Advisors are striving to ensure independent board oversight amid heightened investor scrutiny.
She studied English literature before founding Anthropic. Daniela Amodei's unusual journey to one of the richest AI professional with net worth of $15 billion
Daniela Amodei, the co-founder and president of Anthropic, studied English literature at the University of California, Santa Cruz before building a career in recruiting, risk management and AI safety. After working at Stripe and OpenAI, she co-founded Anthropic in 2021 with her brother, Dario Amodei, and other former OpenAI employees.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
SpaceX, Tesla earnings to test Musk's AI spending ambitions as merger talk grows
As SpaceX and Tesla prepare to unveil their third-quarter results, investors are eagerly awaiting insights into revenue and earnings growth. Analysts will likely center their analysis on Starlink’s performance alongside profits from Tesla’s vehicle sales. With Tesla's annual meeting scheduled for December 3, potential merger discussions are also on the horizon, impacting future strategies amid significant capital expenditures that foreshadow negative free cash flow.
Musk’s SpaceX, Tesla results to test AI spending as merger speculation builds
SpaceX and Tesla are expected to report third-quarter results on consecutive days this week. This reporting will provide investors insight into both companies amidst merger speculation. Analysts are particularly focused on Starlink's revenue growth and Tesla's profits from car sales. Both companies are investing significantly in AI, influencing their financial outlooks. The upcoming results are anticipated to clarify the potential for a merger between them.
Orthodontist Jim Woods invested $65,000 in Nvidia in 2000; by 2024, his stake had reached $15 million
In 2000, Jim Woods was working full-time as an orthodontist. That same year, he placed $65,000 into Nvidia, then a relatively young tech company known mostly for PC graphics hardware. Twenty-four years later, that single trade reached a value of $15 million.
Microsoft’s Satya Nadella asked if AI will kill us all: Here’s how he responded
Satya Nadella underscored the critical role of the AI sector in safeguarding humanity from potential dangers. He articulated that the primary duty of this industry is to prioritize safety. Nadella urged for robust regulations and standards governing advanced AI systems. He also pointed out that aligning AI with user goals could enhance public confidence in the technology.
I’ll believe it when I see it: Figma boss on AI restraint calls
“It’s a nice thing to say, and I’ll believe it when I see it,” the 33-year-old Field -- one of the youngest American billionaires --told ET in an interview in Bengaluru. The NYSE listed firm with a market cap of $11 billion, famously rejected a $20 billion acquisition bid from Adobe. While AI tools are getting more advanced and capable, one can’t outsource their creative thinking to AI as there will be “no differentiated work” anymore in the world.
Big Tech wants to build more AI data centres across America. Why local communities are pushing back against the costs of the AI revolution
Cities across America are imposing temporary moratoriums on data centre approvals to address infrastructural concerns. Local governments are assessing the impacts of these projects on electricity, water, and public resources. Environmental lawsuits are complicating the development of AI infrastructure further, leading to delays and increased costs. Some technology companies are moving towards greater transparency with local communities for better engagement.
Tech Mahindra Q2 Results: Net profit jumps 33% YoY to Rs 1,586 crore; co declares Rs 15/share dividend, 1:1 bonus issue
Tech Mahindra Q2 Results: Along with the earnings, Tech Mahindra's board declared an interim dividend of Rs 15 per equity share of face value Rs 5 each, equivalent to 300%, for the financial year 2026-27. It also approved a 1:1 bonus issue, under which shareholders will receive one bonus equity share for every existing equity share held, subject to the applicable terms and conditions.
UK media regulator says concerns persist over X's handling of illegal content
X's first quarterly report to Ofcom showed it had met commitments to review suspected illegal hate and terror content within agreed timeframes, with response times improving compared with evidence examined earlier this year.
Who is Abdulrahman Alfozan? ChatGPT maker OpenAI's Saudi national employee arrested by FBI for planting high tech listening device in San Francisco office
OpenAI's security team found the device late last month at ChatGPT maker's office and the employee, Saudi national Abdulrahman Alfozan, was arrested on October 9, the US Justice Department said.
Scientists call for international body to oversee advanced AI
In a groundbreaking initiative, approximately 400 scientists, including specialists in AI, are advocating for the establishment of an international regulatory body for AI systems. They recommend that advanced AI technologies remain air-gapped and be monitored independently, aiming to strengthen AI safety following recent vulnerabilities. This movement is gaining traction among policymakers worldwide, emphasizing the need for stringent containment standards and formal regulation in AI development.
Meta says its new AI models on par with OpenAI, Anthropic
Meta on Monday unveiled two new "frontier" artificial intelligence models called Wonder and Wonder Full, which the company claims perform at a level comparable to that of OpenAI's ChatGPT and Anthropic's Claude. In a blog post, Meta touted so-called benchmarking data from an independent firm called Artificial Analysis that appears to show that Meta's newest Wonder models outperform its own previous models, Spark, as well as various models developed by Anthropic, OpenAI and Google.
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