Tech magnate Elon Musk, who has owned the X platform since 2022, failed to appear at his court hearing on Monday, the Paris prosecutor’s office said. The billionaire, founder of Tesla and the aerospace company SpaceX, had been summoned by French authorities as part of an investigation launched last year into the social media platform X and its AI assistant, Grok.
The post SpaceX (SPCX) Stock Climbs as SpaceXAI-Cursor Joint AI Model Launch Approaches appeared on BitcoinEthereumNews.com.
Key Highlights SpaceXAI and Cursor are set to unveil their first collaborative AI model, potentially as early as Wednesday, according to The Information The release was postponed earlier in the week to enhance performance and efficiency The new model aims to rival OpenAI’s GPT-5.5 and Anthropic’s Opus 4.8 This development precedes SpaceX’s proposed $60 billion all-stock purchase of Anysphere, Cursor’s parent company SpaceX (SPCX) became part of the Nasdaq-100 on Tuesday, marking a swift rise following its June 12 public offering, with shares trading near $151 SpaceXAI and Cursor are on the verge of unveiling their first collaborative artificial intelligence model, with the rollout potentially happening as early as Wednesday, based on reporting from The Information that referenced an internal company memo. JUST IN: SpaceXAI plans to launch its first model with Cur
The settlement's leniency may undermine the deterrent effect of disclosure rules, potentially encouraging similar future violations by investors.
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The post Zcash Co-Founder Questions Bitcoin’s 21M Cap, Seeks 4% Growth appeared on BitcoinEthereumNews.com.
Zcash co-founder Eli Ben-Sasson questions Bitcoin’s 21M supply cap, proposing 4% annual growth to offset lost coins. Zcash co-founder Eli Ben-Sasson has questioned Bitcoin’s fixed 21 million supply cap in comments shared on X. His remarks have reopened debate over Bitcoin scarcity and long-term market liquidity. Ben-Sasson said private keys will keep being lost as time passes. As a result, some Bitcoin may remain locked forever and leave usable circulation. He said he still supports a monetary system with an absolute cap. However, he suggested a fixed maximum growth rate as another possible approach. His example was a 4% annual issuance rate to match human growth and support liquidity. The view contrasts with Michael Saylor’s demand-based Bitcoin thesis. Ben-Sasson Raises Concern Over Lost Bitcoin Keys Ben-Sasson said Bitcoin’s fixed cap deserves review because lost keys reduce a
The post Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking appeared on BitcoinEthereumNews.com.
Topline Meta edged past Tesla in market value Wednesday—not because Meta’s stock rose, but because Tesla’s fell harder—setting up Meta’s earnings report later this month as a test of whether the tech giant’s big spending on artificial intelligence is paying off. Meta shares topped Tesla’s market value by more than $50 million. Photo illustration by Cheng Xin/Getty Images Key Facts Meta’s total market value crossed above Tesla’s on Wednesday, with Meta shares trading at $605.16 as of 1:25 p.m. EDT—giving the company a market value of over $1.5 trillion. Meta shares were down 1.7% on the day even as the milestone was reached, while Tesla’s stock slid over 2.3%, handing Meta the lead in market value by default rather than through any gain of its own. Meta has traded between $520.26 and $796.25 since last July and is now roughly around the middle of that range, well below the
Elon Musk's tech company released the newest version of Grok on Wednesday, promising a cheaper, more efficient alternative to other powerful AI models.
The post ClearBridge Exits Microsoft and Amazon Stakes for This Memory Chip Play appeared on BitcoinEthereumNews.com.
TLDR ClearBridge initiated a fresh stake in Micron, driven by accelerating AI memory chip demand Microsoft and Amazon positions were reduced during the quarter The fund completely divested from Intuit due to concerns about AI disruption in tax software Additional purchases included Alphabet, Arista Networks, Blackstone, and Tesla Analyst sentiment on Micron remains positive despite a recent 17% price decline ClearBridge Investments has made significant adjustments to its Large Cap Growth Strategy holdings in Q2 2026. The investment firm established a new position in Micron Technology while reducing exposure to Microsoft and Amazon. Additionally, it completely divested its Intuit holdings. These strategic shifts signal ClearBridge’s evolving perspective on AI-driven growth opportunities for the remainder of 2026. The Case for Micron ClearBridge characterized Micron as a
Zcash co-founder Eli Ben-Sasson questions Bitcoin’s 21M supply cap, proposing 4% annual growth to offset lost coins. Zcash co-founder Eli Ben-Sasson has questioned Bitcoin’s fixed 21 million supply cap in comments shared on X. His remarks have reopened debate over Bitcoin scarcity and long-term market liquidity. Ben-Sasson said private keys will keep being lost as […]
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