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Elon Musk says the U.S. Treasury should send money directly to citizens rather than have the government buy stakes in artificial intelligence (AI) companies. Musk Tells Treasury to Send Cash Directly as AI Reshapes U.S. Economy Musk made the case on X on June 20, 2026, responding to Vice President JD Vance’s comments on the […]
SpaceX’s blockbuster public debut has pushed Elon Musk’s net worth above $1 trillion while creating a new class of billionaires among the company’s earliest investors, executives, and institutional backers. According to CNBC, SpaceX shares remained about 37% above their $135…
Luca Guadagnino's film about OpenAI CEO Sam Altman, Artificial, has reportedly been dropped by Amazon MGM. The film, which stars Andrew Garfield and covers the rollercoaster five days in 2023 spanning Altman's termination and reinstatement as CEO, had been in the works for about a year. The cast also includes A Complete Unknown actress Monica Barbaro as OpenAI CTO Mira Murati, Ike Barinholtz as Elon Musk, and Anora's Yura Borisov as OpenAI chief scientist Ilya Sutskever. In a statement to Deadline, the studio said it believes the movie "will be better served if it were released by a different studio and is working closely with the filmmak … Read the full story at The Verge.
Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accounts Elon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn. Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments. Continue reading...
SpaceX's IPO and AI investments could redefine tech industry dynamics, challenging established AI leaders and reshaping market valuations. The post SpaceX’s record IPO marks start of Elon Musk’s $10B AI fundraising quest appeared first on Crypto Briefing.
SpaceX has explored a bond offering worth as much as $20 billion while its publicly traded shares have fallen more than 9%, trimming Elon Musk’s fortune by roughly $59 billion from recent highs. Bloomberg reported, citing people familiar with the…
Wall Street simmers with the idea of a merger of Elon Musk’s companies
Hinton's critique highlights the urgent need for ethical AI development, potentially leading to stricter regulations and impacting industry dynamics. The post Geoffrey Hinton criticizes Musk’s xAI, warns of growing risks in AI development appeared first on Crypto Briefing.
The integration of AI in military operations signals a shift towards tech-driven warfare, potentially impacting geopolitical stability and leadership. The post US used Musk’s Grok AI to deploy 2,000 munitions in Iran conflict appeared first on Crypto Briefing.
The consolidation of AI talent among tech giants raises barriers for startups, potentially stifling innovation and competition in the AI sector. The post Sam Altman wins the Noam Shazeer sweepstakes, leaving Musk on the sidelines appeared first on Crypto Briefing.
Some shareholders might object, but there is little they could do, legal experts say.
The growing demand for advanced chips, driven by AI and projects like TeraFab, could exacerbate global supply constraints and elevate costs. The post ASML CEO warns of possible supply constraints on Musk’s Terafab appeared first on Crypto Briefing.
The integration of AI in military operations could escalate geopolitical tensions, impacting regional stability and global security dynamics. The post Pentagon used Musk’s Grok AI to launch 2,000 missiles at Iran: court filing appeared first on Crypto Briefing.
Shares in Elon Musk’s SpaceX have been on a tear, giving the rockets and artificial intelligence company financial resources to box out competitors.
SpaceX's AI investment shift post-IPO could redefine its tech landscape, impacting investor expectations and industry competition dynamics. The post Elon Musk says SpaceX trails rivals in AI race, plans to use $86B war chest appeared first on Crypto Briefing.
SpaceX’s IPO has given the trillionaire even more firepower for acquisitions
Justice department urges judge to throw out suit brought by NAACP over xAI’s methane-gas turbines in Mississippi The Trump administration is coming to the defense of Elon Musk in a lawsuit over claims that his artificial intelligence company, xAI, is polluting residential neighborhoods in north Mississippi. The justice department told a federal court late on Monday to throw out the case. The lawsuit was filed by the NAACP in April over allegations that xAI and its subsidiary MZX Tech set up dozens of methane-gas turbines to power its datacenter in Southaven, Mississippi, without air permits. The suit claims these turbines emit toxic pollutants in violation of the Clean Air Act, and is asking a judge to block xAI from operating the machines. Continue reading...
The dismissal highlights tensions between environmental regulations and national security priorities, potentially setting a precedent for future cases. The post Justice Department moves to dismiss NAACP pollution lawsuit against Elon Musk’s xAI appeared first on Crypto Briefing.
Elon Musk’s net worth has briefly climbed to nearly $1.4 trillion, surpassing Bitcoin’s market value at the time after SpaceX shares reached an intraday high of about $225.84 on June 16. According to data from Yahoo Finance, SpaceX stock extended…
The latest on a tentative deal to end the war in Iran, the Justice Department tries to stop a lawsuit against Elon Musk’s A.I. company and more climate news.
