Elon Musk is a technology entrepreneur and co-founder of OpenAI (2015, left the board in 2018) who later founded xAI in 2023. He also owns X (formerly Twitter) and leads Tesla and SpaceX.
SpaceX's IPO drove its shares sharply higher, making Elon Musk the first person with a net worth exceeding $1 trillion, with Reuters reporting $1.1 trillion and BBC reporting $1.11 trillion. The listi…
Elon Musk claimed SpaceX could generate $1 trillion in annual revenue by 2030, two days after the company's record-breaking IPO valued it at over $2 trillion. The projection far exceeds underwriter es…
Cursor CEO Michael Truell, who built the AI coding startup into a potential $60 billion acquisition target for Elon Musk's SpaceX, has long harbored galactic ambitions. The 25-year-old MIT graduate, k…
Australian billionaire Gina Rinehart invested over $1 billion in SpaceX through her mining company Hancock Prospecting, marking her largest non-mining bet. The investment, made after SpaceX's June 15 …
SpaceX raised $75 billion in its IPO on June 12, the largest in history, valuing the company near $2 trillion. The funds will support plans to deploy up to 1 million satellites for orbital AI data cen…
Scientists calculated in 2021 that controlling a super-intelligent AI is almost definitely impossible, as it would require a simulation beyond human comprehension. The halting problem proves that no a…
The Trump administration imposed export controls on Anthropic's model Fable to restrict access for all users, including American citizens, citing national security. The authors argue that European dep…
A patient wakes from a nine-year coma to find the world transformed by a pandemic, political shifts, and AI-generated content. The tech industry has collapsed, making jobs scarce and the App Store ove…
SpaceX went public this week in the largest IPO ever, making CEO Elon Musk the world's first trillionaire. The IPO is expected to trigger a wave of AI company IPOs, with OpenAI and Anthropic filing co…
AI systems are fundamentally code and cannot be made smarter through prompting alone, as demonstrated by bots that uncritically accept any input. The article highlights the limitations of current AI, …
Professor Margaret Hu of William & Mary Law School argues for a separation of AI and state, drawing parallels between medieval church coinage and modern AI tokens. She warns that AI labs, like the med…
Josh Giegel, an early SpaceX employee, used his equity to pay off student loans, buy a home, and fund career changes. The 41-year-old AI startup cofounder says regular buybacks over the past decade pr…
Nearly $300 billion flooded into AI ventures in Q1 2026, representing 81% of global venture activity, as OpenAI raised $122 billion and Anthropic closed a $65 billion Series H round at a $965 billion …
SpaceX, OpenAI, and Anthropic are set to go public in 2026, with combined IPOs expected to raise over $200 billion, creating record wealth concentration. SpaceX's June IPO raised $75 billion at a $1.7…
SpaceX, now valued at $2.1 trillion after its stock debut, is poised to join major stock indexes like the Nasdaq 100, meaning millions of 401(k) investors in index funds could soon own shares of the c…
A coalition of state attorneys general, led by New York and California, has launched an investigation into OpenAI's ChatGPT over its impact on young users, issuing a subpoena for documents on user eng…
OpenAI faces a multistate probe into user safety, receiving a subpoena from several state attorneys general over concerns that its ChatGPT chatbot may encourage self-harm and criminal acts. The invest…
Anthropic benefits from the US government's export ban on Fable/Mythos, validating its claim that the AI model was too dangerous to release. The ban provides a free pass to miss revenue targets, creat…
Nvidia CEO Jensen Huang warned Stanford students that the energy needed for computing could rise 1,000-fold due to always-on AI agents, far exceeding current capacity. He called for enhanced behind-th…
SpaceX's record-breaking $75 billion IPO, valuing the company at over $2 trillion, has sparked a trading frenzy but raises concerns about sustainability. A financial journalist warns that retail inves…