Elon Musk

Elon Musk agrees to pay $1.5 million to settle SEC case over Twitter stake

An SEC spokesperson said the deal, if finalised, would be the largest penalty the agency has levied against an entity or individual for allegedly failing to file a beneficial ownership report on time

OpenAI prez Greg Brockman tells court his stake in firm is worth $30 bn

Greg Brockman, OpenAI's president and CEO Sam Altman's top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly USD 30 billion. Brockman, who also said he did not personally invest any money in OpenAI, was testifying Monday in the trial that centres on the company's 2015 founding as a nonprofit startup primarily funded by Elon Musk before evolving into a capitalistic venture now valued at USD 852 billion. Brockman's disclosure would put him on the Forbes list of the world's richest people, with wealth comparable to Melinda French Gates. The civil lawsuit accuses Altman and Brockman of double-crossing Musk by straying from the San Francisco company's founding mission to be an altruistic steward of a revolutionary technology. The lawsuit alleges they shifted into a moneymaking mode behind Musk's back. Late Sunday, OpenAI lawyers tried to admit as evidence a text message Musk sent to Brockman two days before the trial began. ...

What's holding back US satellite service provider Starlink's Indian foray?

Starlink's India entry faces delays over security clearance, FDI approval, and spectrum rules, even as the satellite broadband market gathers momentum

Why Elon Musk and Sam Altman are fighting over OpenAI | Tesla | Legal battle

Elon Musk and Sam Altman once co-founded OpenAI. Now, they are fighting in court over what the company was supposed to become. With $134 billion in damages, OpenAI’s future structure under scrutiny

Elon Musk vs OpenAI: What lies at the heart of the court battle now?

In 2024, Elon Musk sued OpenAI, arguing that the company had breached its principles when it was founded in 2015

Elon Musk's Tesla compensation totals reaches $158 billion for 2025

Tesla reported the 2025 total in a regulatory filing Thursday, almost six months after more than 75% of voting shares supported the chief executive officer's massive stock award

Elon Musk testifies at trial that OpenAI's nonprofit status gave it 'halo'

OpenAI has said it created a for-profit entity to allow it to buy computing power and pay top scientists

Musk testifies he's suing OpenAI to stop Altman's 'looting' of a charity

The closely watched trial is the culmination of years of animosity and public feuding over the startup the three men worked together to found in 2015, before their relationship soured and they became

Musk lawyer says OpenAI stole charity as high-stakes trial begins

A defense lawyer will make an opening statement later on Tuesday. Musk, Altman and Brockman attended the trial

Google signs classified AI deal with Pentagon for defense works: Report

Classified networks are used to handle a wide range of sensitive work, including mission planning and weapons targeting

Musk, Altman to face off in trial that may decide future of OpenAI

Musk alleges Altman and other leaders at OpenAI enriched themselves by abandoning its altruistic principles and converting to a for-profit company with billions of dollars

Elon Musk, Sam Altman head to court in high-stakes showdown over AI

Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred the bickering billionaires' once-shared vision for the development of artificial intelligence. The trial, which is scheduled to begin Monday with jury selection, centres on the 2015 birth of ChatGPT maker OpenAI as a nonprofit startup primarily funded by Musk before evolving into a capitalistic venture now valued at USD 852 billion. The trial's outcome could sway the balance of power in AI, a breakthrough technology that is increasingly being feared as a potential job killer and an existential threat to humanity's survival. Those perceived risks are among the reasons that Musk, the world's richest person, cites for filing an August 2024 lawsuit that will now be decided by a jury and US District Judge Yvonne Gonzalez Rogers in Oakland, California. The civil lawsuit accuses Altman, OpenAI's CEO, and his top ...

Musk vies to turn X into super app with banking tool nearing launch

X Money, a banking and payments platform built inside the social network X, is expected to make its early public access debut imminently, based on the timeframe offered by Musk last month

Elon Musk drops fraud claims against OpenAI, Altman ahead of trial

US District Judge agreed to Musk's request to 'streamline' the case, leaving just two claims to proceed to trial of the 26 included in his November 2024 complaint

At Elon Musk's SpaceX, AI is burning the cash that Starlink earns

While SpaceX's outlay is super-sized by most measures, it is dwarfed by Silicon Valley rivals

Tesla boosts spending plan to $25 billion amid Musk's AI, robotics push

The investments will be put toward a dramatic expansion of factory operations, including production of its Optimus humanoid robot, artificial intelligence initiatives and the Cybercab autonomous car

Tesla to spend $3 billion on research chip factory, use intel tech

The research facility will be built on the electric-vehicle maker's existing Giga Texas campus, Musk said Wednesday during the company's quarterly earnings call

SpaceX IPO filing shows Elon Musk to retain control via supervoting shares

Though Musk was paid $54,080 last year, according to the excerpts, he stands to gain billions in equity after the company's stock market debut

French prosecutors summon Musk over allegations of child abuse images on X

Elon Musk has been summoned to Paris on Monday, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse material and deepfake content. The world's richest man and Linda Yaccarino - the former CEO of X - have been summoned for "voluntary interviews," while other employees of the platform are scheduled to be heard as witnesses throughout this week, the Paris prosecutor's office said. It remains unclear whether Musk and Yaccarino will travel to Paris. A spokesperson for X did not respond to questions from The Associated Press and Yaccarino's current company, eMed, did not answer a request sent to the press email. The reason for summoning Musk --------------------------------- Musk was summoned after a search took place in February at the French premises of X as part of an investigation opened in January 2025 by the cybercrime unit of the Paris prosecutor's office. Musk and Yaccarino have been ..

Best of BS Opinion: Govt must build consensus for Constitutional amendments

From the setback to the women's quota Bill and rising fertiliser subsidies to tensions in the Strait of Hormuz, here is a curated selection of Business Standard's top Opinion pieces today