Page 40 - Elon Musk

OpenAI board unanimously rejects Musk's $97.4 bn proposal to buy company

Regardless of the outcome, Musk's bid is expected to complicate the company's restructuring process at a time when OpenAI is in talks with SoftBank Group Corp. to raise a massive new funding round

Elon Musk's The Boring Co signs preliminary deal on Dubai Loop project

The Boring Company said the memorandum of understanding covers an initial pilot phase of 11 stations, transporting passengers at speeds up to 160km per hour

'I assume he wants to do business in India': Trump on Modi-Musk meeting

PM Modi US visit: Following his discussion with Elon Musk, PM Modi shared a post on social media platform X, describing the meeting as 'very good'

Trump admin halts $400 mn armoured Tesla purchase by US State Department

US President Donald Trump had signed executive orders to roll back EV incentives and regulations, reversing the previous administration's climate policies

US consumer watchdog CFPB broadens layoffs beyond probationary staff

Some staff discovered they had lost access to the agency's IT systems before receiving their termination letters, two of the sources said

Thousands fired in US govt as Donald Trump, Musk purge federal employees

Trump and Tesla CEO Musk's overhaul of the federal government appeared to be widening as Musk aides arrived for the first time at the federal tax-collecting agency

Elon Musk faces legal challenge over role in Donald Trump's government

A pair of lawsuits filed in federal courts in Washington and Maryland accuse the Tesla Inc. and SpaceX chief executive of exercising authority to reshape and dismantle federal agencies

Judge extends stay of Trump order to pull many USAID staffers off their job

A court order halting Trump administration plans to pull all but a fraction of USAID staffers off the job worldwide will stay in place for at least another week. US District Judge Carl Nichols ordered the extension after a nearly three-hour hearing Thursday, much of it focused on how employees were affected by abrupt orders by the Trump administration and ally Elon Musk to put thousands of USAID workers on leave and freeze foreign aid funding. The judge said he plans to issue a written ruling in the coming days on whether the pause will continue. Nichols, a Trump appointee, closely questioned the government about keeping employees on leave safe in high-risk overseas areas. When a Justice Department attorney could not provide detailed plans, the judge asked him to file court documents after the hearing. USAID staffers who until recently were posted in Congo had filed affidavits for the lawsuit describing the aid agency all but abandoning them when looting and political violence ...

PM Modi meets Elon Musk and his children ahead of discussions with Trump

Indian operators have opposed the administrative allocation of spectrum, saying it will be against the '"level playing field" as they have acquired spectrum through bidding at a much higher cost

Musk shares' Welcome to Mars' video; netizens clap back: 'Fix Earth first!'

SpaceX founder shared a one-minute, 12-second AI-generated video on X. Internet users pointed out the lack of greenery. Musk's vision includes interplanetary travel and establishing a Martian colony

Musk will pull OpenAI bid if ChatGPT maker remains non-profit, say lawyers

Musk sued Altman and others in August and has asked a US district judge to block OpenAI's attempt to transition to a for-profit entity

'Remove roots of the weed': Elon Musk wants US govt to cut entire agencies

Elon Musk's DOGE aims to cut $2 trillion from the federal budget, largely by eliminating agencies deemed inefficient or unnecessary

Grok 3 in final stages of development, to outperform all chatbots: Musk

Grok 3 has very powerful reasoning capabilities, so in the tests that we've done thus far, Grok 3 is outperforming anything that's been released, Musk said

Musk, DOGE see their powers expand while federal staff, remit stay shrouded

President Donald Trump signed a new executive order on Tuesday that makes DOGE even more powerful

Morgan Stanley set to sell $3 billion of X debt without any discount

It is the third transaction in a frenetic period of less than a month, during which Morgan Stanley led a group of seven Wall Street banks to sell a total of $6.5 billion in X debt

Elon Musk's all-cash bid for startup undercuts legal attack, says OpenAI

Altman has spurned the buyout offer, saying the company is not for sale

Elon Musk's X agrees to pay about $10 million to settle Trump's lawsuit

That makes X the second social media platform to settle with Trump over the suspension of his accounts following the storming of the US Capitol by his supporters in January 2021

PM Modi to meet Musk in US, Starlink's entry in India likely on agenda

Musk in December said Starlink satellite internet was inactive in India after authorities seized two of the company's devices, one in an armed conflict zone and another in a drug smuggling bust

Could China's Spacesail dethrone Elon Musk's Starlink? All you need to know

Spacesail recently partnered with Malaysia's Measat and Brazilian state telecom Telebras. The Chinese internet service provider might fill the gap that Musk's starlink couldn't

Sam Altman slams Elon Musk: 'I feel for him, don't think he's happy'

Sam Altman dismisses Elon Musk's $97.4 billion takeover bid, saying it's just another tactic to slow OpenAI down, adding, 'I feel for him. I don't think he's a happy person'