Elon Musk's xAI raises $5 billion, doubling valuation to $50 billion
California/IBNS: Elon Musk’s artificial intelligence (AI) startup xAI has secured $5 billion in a fresh funding round, boosting its valuation to $50 billion, according to a report by the Wall Street Journal on Wednesday (Nov. 20).
New Delhi/IBNS: Elon Musk's Starlink is making progress with its license application in India, with Telecom Minister Jyotiraditya Scindia confirming on Tuesday (Nov. 12) that the Elon Musk-led company is working to fulfill government-mandated security requirements.
Elon Musk's Starlink agrees to data security rules, satcom license application back on track: Report
New Delhi/IBNS: Starlink’s application for an India license is advancing after the satellite broadband provider, led by Elon Musk, agreed to meet India's data localization and security requirements, Moneycontrol reported, citing its sources, on Monday (Nov. 11).
Texas/IBNS: Elon Musk, CEO of Tesla, SpaceX, and X (formerly Twitter), saw his net worth soar by $26.5 billion following Donald Trump’s return to the White House in the 2024 US presidential election.
US court allows Twitter's ex-CEO Parag Agrawal, other dismissed execs to sue Elon Musk for severance
California/IBNS: A US District Court judge in California has ruled that former Twitter executives, including ex-CEO Parag Agrawal, may proceed with a lawsuit against Elon Musk for severance pay, Bloomberg reported on Saturday (Nov. 2).
New Delhi/IBNS: Starlink CEO Elon Musk recently stated that Starlink "will do our best to serve the people of India."
Tesla misses Q3 delivery expectations amid stiff competition in China and Europe: Report
Tesla delivered fewer vehicles than analysts had anticipated in the third quarter, facing pressure from strong competition in China and Europe, which dampened demand for its aging models, Reuters reported.
Meta CEO Mark Zuckerberg enters the elite $200 billion club, becomes world's fourth-richest person
California/IBNS: Meta CEO Mark Zuckerberg has officially entered the elite $200 billion net worth club, marking a major achievement in his financial trajectory.
Elon Musk may become the world's first trillionaire, followed by Gautam Adani, says report
London/IBNS: Elon Musk, with a net worth of about $237 billion as of September 9, 2024, on the Bloomberg Billionaires Index, is on course to become the world's first trillionaire by 2027, according to a report by Informa Connect Academy.
California/IBNS: In a recently viral throwback interview, Apple CEO Tim Cook clarified common misconceptions about the company's decision to manufacture in China, providing insight into the true reasons behind Apple's reliance on the country.
'Not India’s loss': Ola's Bhavish Aggarwal on Tesla's withdrawal from India
Bengaluru: Tesla's decision to forgo investment in the Indian market represents a significant missed opportunity for the US-based company, not for India, according to Bhavish Aggarwal, CEO of Ola Cabs.
Elon Musk's salary exceeds Tata Motor's FY24 total revenue: Report
Mumbai: Elon Musk's $56 billion remuneration package exceeds Tata Motors' total revenue for the 2023-24 financial year, which amounted to $52.44 billion (Rs 4.38 lakh crore), reported the Economic Times.
Tech entrepreneur Elon Musk on Sunday expressed gratitude to Indian-origin techie Ashok Elluswamy, appointed as the first member of the Tesla autopilot team.
Tesla investor sues Elon Musk for alleged $7.5 billion insider trading
Delaware/IBNS: Tesla CEO Elon Musk has landed in yet another controversy as he has been named in a shareholder lawsuit for allegedly being involved in $7.5 billion insider trades at the electric car manufacturer, reports said.
Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence
Entrepreneur Elon Musk's AI startup xAI has raised USD 6 billion in series B funding, a development that might pose a possible challenge to Sam Altman's Open AI.