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Elon Musk's XAI all-stock deal offers unexpected win for X investors

Musk used his artificial intelligence startup, xAI, to purchase his social media platform in an all-stock deal that values X at $33 billion, not including debt

Centre slams 'X' for calling 'Sahyog' a censorship tool, defends IT Act

The Centre has strongly objected to social media platform X's characterisation of the 'Sahyog' portal as a censorship tool, calling the claim both unfortunate and condemnable. In a detailed response submitted before the Karnataka High Court, the Centre countered the claims made by X Corp in its petition challenging India's information-blocking framework. The government asserted that the petitioner had misinterpreted the provisions of the Information Technology (IT) Act, particularly Sections 69A and 79(3)(b). X Corp has argued that Section 79(3)(b) does not authorise the government to issue content-blocking orders in a manner that bypasses the safeguards outlined in Section 69A, its corresponding blocking rules, and the Supreme Court's ruling in the Shreya Singhal case. However, the government contended that Section 69A explicitly allows the Centre to issue blocking orders under specific conditions and provides multiple safeguards for online content restriction. It stated that thi

Elon Musk sells X to his AI firm xAI for $33 billion in all-stock deal

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a USD 33 billion all-stock deal, the billionaire announced on Friday. Both companies are privately held, which means they are not required to disclose their finances to the public. Musk said in a post on X that the move will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. He said the deal values xAI at USD 80 billion and X at USD 33 billion. Musk, who serves as CEO of Tesla and SpaceX as well as an advisor to Presidend Donald Trump, bought the site then called Twitter for $44 billion in 2022, gutted its staff and changed its policies on hate speech, misinformation and user verification and renamed it X. He launched xAI a year later. xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced A

Musk loses bid to block investor lawsuit over Twitter stock manipulation

A Manhattan federal judge on Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission

'X's allegations of censorship are groundless': Centre on Musk's lawsuit

Elon Musk-owned X filed a lawsuit seeking to quash the government's Sahyog portal, which notifies tech companies about harmful online content

X sues Indian govt over arbitrary censorship: What is the case all about?

The Supreme Court's judgment in the Shreya Singhal case laid down key safeguards against government censorship and clarified the liability of online platforms

'Will govt have gumption to give notice to X over Grok': Manish Tewari

People from Meity said that they have not sent any notice to X or Grok, and is in talks with the platforms to understand what law it is violating

X takes Indian govt to court, alleges arbitrary censorship of content

The petition, filed under Article 226, alleged that the Union government circumvents safeguards under Section 69A of the Information Technology Act, 2000 (IT Act)

'Harms our business model': X sues Centre for using IT Act to block content

X, the social media platform owned by Elon Musk, stated that arbitrary blocking orders pose a threat to its business model, which depends on users sharing lawful information

Govt in talks with Elon Musk's X over Grok AI's use of expletives

MeitY is in talks with X as it investigates Grok AI's use of Hindi slang and offensive language, following controversy over the chatbot's unfiltered responses

Elon Musk's X raises close to $1 bn in fresh funding at $32 valuation

The company is considering using some of the proceeds to pay down its remaining debt load

Why Elon Musk's X chatbot Grok uses slang and swear words in responses

Grok, xAI's chatbot, is making waves on X with its unfiltered, witty, and sometimes profane responses, raising debates on AI's role in online interactions

'Order appears arbitrary, not lawful': YouTuber on Sadhguru video takedown

The Delhi HC ordered the removal of Shyam Meera Singh's YouTube video, mentioning that it defamed Isha Foundation and its founder, spiritual leader Sadhguru Jaggi Vasudev

Elon Musk claims Ukraine link in cyberattack that caused outages on X

According to Elon Musk, a cyberattack was responsible for the outage on X, with potential involvement of 'a large, coordinated group and/or a country' with a lot of resources

X crashes multiple times on Monday, Elon Musk claims 'massive cyberattack'

Elon Musk, who acquired X (formerly Twitter) in 2022 for $44 billion, has yet to comment on the multiple X outages

X outage eases as reports drop in US, UK, Downdetector data shows

The number of reports in the U.S. dropped to 403 as of 6:24 a.m. ET from more than 21,000 incidents earlier, user-submitted data on Downdetector showed

Twitter Down: Several users report massive outage, company yet to respond

X users reported a huge outage today, as Downdetector, an online tracker platform says nearly 2K users from India, 18K from US and 10K from UK reported the issue with website

Musk, Rubio and Polish minister bicker over Starlink's role in Ukraine

European nations question reliability of Starlink in Ukraine's war effort against Russia amid Elon Musk's controversial remarks

Elon Musk to face questioning in lawsuit over Twitter buyout flip-flop

Investors claim his flip-flopping on whether to go through with buying Twitter- including his public attacks- cast doubt over whether the deal would close and sunk its stock price

Delhi court seeks response from Police over 'obscene' content on Netflix, X

The plea, filed by former Information Commissioner Uday Mahurkar through Advocate Vineet Jindal, alleges that X and Netflix are distributing pornographic material without restrictions