Tag

Elon Musk

All articles tagged with #elon musk

technology4 hours ago•6 min saved

xAI Turns Legal Tables, Suing Grok Users Over Deepfake CSAM

Elon Musk’s xAI has filed lawsuits against two Grok users—Bloodworth (Arkansas) and Harwood (South Carolina)—alleging breach of X’s terms by using Grok to create explicit images involving minors and seeking to recover legal costs and reputational damages. Both defendants also face criminal charges related to the alleged misuse. The move comes amid multiple CSAM-related lawsuits against Grok and a broader push by xAI to report abuse to authorities, even as victims and their lawyers argue the product itself enables harm and question the company’s safeguards.

via Politico|

#deepfakes #elon-musk #grok

world2 days ago•2 min saved

Ukraine honors Elon Musk with Order of Freedom as Starlink role grows

Ukraine’s president Zelenskyy awarded Elon Musk the Order of Freedom for Starlink’s role in supporting Ukrainian forces, while Kyiv presses Musk to allow Ukrainian use of Starlink inside Russia to improve strike accuracy; Musk has called such use an escalation, though he could change his stance, following SpaceX’s 2026 move to disable thousands of Russian-terminal Starlinks.

via politico.eu|

#elon-musk #order-of-freedom #starlink

politics2 days ago•3 min saved

Wisconsin DA: Elon Musk won’t face charges over 2025 election posts

La Crosse County District Attorney Tim Gruenke said Elon Musk won’t be charged over two March 27, 2025 social posts offering to hand out $1 million each to voters and to petition spokesmen in connection with Wisconsin’s 2025 Supreme Court election; while the posts could be framed as bribery, Gruenke argued they could also be seen as a town-hall entry or pre‑determined payments to spokespersons, making a conviction unlikely. The Wisconsin Elections Commission had previously found the posts violated election-bribery law and referred the matter to a special prosecutor; Musk’s team did not respond.

via Politico|

#bribery #elections #elon-musk

politics2 days ago•126 min saved

Musk avoids Wisconsin bribery charges amid record-breaking state race

Wisconsin prosecutors say Elon Musk will not face election-bribery charges connected to donations tied to the state’s record‑setting Wisconsin Supreme Court race. The contest drew more than $100 million in spending, with Musk and groups he supported spending at least $20 million to back Brad Schimel, who lost to Susan Crawford. The state attorney general’s attempt to block Musk from delivering checks to two voters was rejected, and Musk argued the gifts were protected free speech.

via AP News|

#brad-schimel #elections #elon-musk

finance8 days ago•19 min saved

SpaceX shares wobble as 319 million unlock hits the float

SpaceX’s SPCX stock slid back to its IPO price as about 319 million shares unlocked, boosting the public float; this unlock is part of a staggered 13‑billion‑share float with roughly 88% set to unlock through 2027, after an earlier 911.5 million‑share unlock in August. A larger 1.3‑billion‑share tranche is expected around SpaceX’s Q3 earnings in November, followed by a 180‑day expiry in December; Elon Musk’s 6.42 billion shares remain locked until June 2027. Separately, Cognition takeover talks were denied by Cognition and Musk, while Deutsche Bank remained bullish on SpaceX’s Cursor acquisition completed earlier, seen as adding scale and data leverage for the firm.

via Yahoo Finance|

#elon-musk #finance #ipo-price

technology11 days ago•23 min saved

SpaceX and Nvidia Unite to Forge the Next AI Infrastructure Era

A 24/7 Wall St. analysis argues Elon Musk’s SpaceX and Jensen Huang’s NVIDIA are building a defining AI‑infrastructure alliance: SpaceX will exclusively use NVIDIA GPUs to power a massive data‑center buildout targeting 10 gigawatts of compute by 2027, while NVIDIA’s Compute Infrastructure Financing Platform aims to mobilize over $500 billion in third‑party capital. NVIDIA reportedly disclosed a $21 billion SpaceX stake, underscoring deep alignment as global AI infra spend is projected to reach 3–4 trillion dollars annually by decade’s end. The piece frames the partnership as a key driver of the AI factory rollout and a major expansion of NVIDIA’s customer base beyond hyperscalers.

via 24/7 Wall St.|

#ai #ai-infrastructure #elon-musk

finance12 days ago•14 min saved

Musk Bets SpaceX’s AI Engine Could Be Its Biggest Value Driver

Musk says SpaceX’s AI business could become the primary value driver within 4–5 years as AI revenue surges toward a multitrillion-dollar TAM, but success depends on continued AI spending and SpaceX diversifying beyond a single customer, making the stock outlook uncertain despite optimistic growth projections.

via Yahoo Finance|

#ai #elon-musk #finance

business13 days ago•3 min saved

Nvidia’s $21B SpaceX stake spotlights AI-era ties

Nvidia disclosed it owns about 123 million SpaceX shares, worth around $21 billion at the end of June; with SpaceX’s stock down since its IPO, the stake is now worth roughly $17 billion, underscoring Nvidia’s entwined finances with major customers and its expansive AI investments, including Musk’s note of an exclusive SpaceX data-centre kit relationship powered by Nvidia’s Vera Rubin architecture.

via Financial Times|

#artificial-intelligence #business #elon-musk

technology14 days ago•4 min saved

Starbase becomes monument hotspot for Elon Musk

Near SpaceX’s Starbase in Texas, Elon Musk monuments are popping up, including a planned 50-foot Prometheus statue by Atelier Missor; a separate satirical campaign by Cards Against Humanity aims to fund a Musk monument, while a prior ElonRWA bust has been vandalized, reflecting mixed public sentiment toward Musk’s ventures.

via Business Insider|

#cards-against-humanity #elon-musk #prometheus-statue

business14 days ago•8 min saved

Elon Musk tops 2025 CEO pay as Tesla profits fall, AFL-CIO finds

AFL-CIO’s 2025 Executive Paywatch shows Elon Musk as the highest-paid CEO, with a personal compensation equivalent to 2,522,203 times the average Tesla worker’s pay. Including Musk, the overall CEO-pay ratio climbs to 5,387:1 (excluding Musk, 312:1). The report comes as Tesla posted a 3% revenue decline in 2025 and a 61% drop in GAAP profits from 2024, highlighting the widening gap between CEO pay and worker compensation amid a challenging year for the company.

via electrek.co|

#afl-cio #business #ceo-pay

business14 days ago•20 min saved

SpaceX bets on AI as its next big revenue engine, Musk says

Elon Musk told SpaceX staff that AI revenue will likely surpass all other SpaceX revenue lines by September 2026, aided by a joint $16.8 billion Texas compute facility funded by SpaceX and Tesla; the AI pivot broadens SpaceX’s potential market to the roughly $26.5 trillion global AI opportunity, reinforced by the Cursor acquisition to compete with OpenAI and hyperscalers. Investors should watch SpaceX’s upcoming disclosures for AI revenue contributions and how quickly Terafab capacity scales.

via 24/7 Wall St.|

#ai-compute #artificial-intelligence #business

finance15 days ago•14 min saved

Musk bets SpaceX’s AI revenue will eclipse its rocket business as 10 GW plan looms

SpaceX CEO Elon Musk says AI revenue will soon exceed all other SpaceX revenue, aiming for 10 GW of AI computing capacity by next year and forecasting $300–$500 billion in AI revenue by 2028; in Q2, AI revenue was about $2.56 billion of $7.81 billion total, driven by new compute deals with Anthropic and Alphabet, but analysts caution that power constraints, chip supply, and contract-risk (90-day exits) make the timeline and scale uncertain, and the stock narrative remains contested.

via finance.yahoo.com|

#10-gigawatts #ai-revenue #artificial-intelligence

business15 days ago•30 min saved

SpaceX bets on AI windfall with a $500B revenue target

SpaceX shares rose after Elon Musk indicated AI could become the company’s main revenue driver, potentially reaching $500 billion annually and shaping SpaceX’s value within five years; the company plans to scale AI computing capacity to about 10 gigawatts by 2027 and sees Starlink as a major channel for global internet traffic, though funding these expansions involves substantial spend.

via Yahoo Finance|

#ai-revenue #artificial-intelligence #business

technology15 days ago•5 min saved

SpaceX Looks to Train Grok on Internal Data, Promising Employees as AI 'Parents'

SpaceX plans to train its Grok AI on internal company data, including contributions from employees, with Elon Musk saying staff will effectively be the AI's 'parents' and that this approach could embed desirable values, though details on data usage remain unclear; the company has recently pushed Grok Bot to perform autonomous tasks as part of competing in the AI space.

via Business Insider|

#ai #elon-musk #employee-data

business17 days ago•14 min saved

SpaceX IPO Filing Reveals Twitter Ad Revenue Crater Under Musk

Techdirt notes SpaceX’s 10-Q shows X’s ad revenue collapsed after Musk’s Twitter takeover: ad revenue dropped from about $1.08B in Q2 2022 to $367M in Q2 2026, with 2025 ad revenue around $870M and first-half 2026 around $710M, effectively wiping out roughly two-thirds of the pre-takeover ad business. The company attributes the dip to a transition to a new ad platform, while critics say the overhaul hurts revenue and highlights the gap between Musk’s promises (e.g., $12B in ad revenue by 2027) and reality. Overall, the piece argues that Musk’s track record on delivering revenue growth remains questionable.

via Techdirt.|

#ad-revenue #business #elon-musk