Donald Trump’s lossmaking social media company has become a magnet for fast-moving day traders, vying with Elon Musk’s Tesla and chipmaker Nvidia.....
Continue Reading“That market sucks,” Lucid Chief Executive Peter Rawlinson says, as Elon Musk pivots Tesla to driverless cars...
Continue ReadingChipmaker and software specialist Broadcom continues to generate robust growth, fueling the next generation of artificial intelligence...
Continue ReadingThroughout the Q3 cycle, several popular companies, including Advanced Micro Devices and Tesla, saw margin expansion...
Continue ReadingA lawsuit by the world's wealthiest man against one of the fastest growing companies of all time is necessarily interesting stuff. But while the allegations are yet to be proven, the case has already exposed a batch of emails between Elon Musk, Sam Altman, and others during OpenAI's early days. Here are a few of the more interesting snippets we found while perusing their correspondence. Bear in mind that these emails were exposed as part of an attempt to prove OpenAI is somehow breaking antitrus...
Continue ReadingPresident-elect Trump is deepening his ties to Tesla Chief Executive Elon Musk. The president-elect said the group—also led by former Republican presidential candidate Vivek Ramaswamy —would operate outside of the federal government and aim to cut spending and streamline bureaucracy. Musk’s relationship with Trump made Tesla’s stock a big winner of the so-called “Trump trade” ahead of the 2024 election...
Continue ReadingElon Musk’s SpaceX reportedly plans to launch a tender offer next month that would sell existing shares at a price of $135 each, valuing the company at more than $250 billion...
Continue ReadingOpenAI was at one point considering acquiring Cerebras, an AI chipmaking company that's in the process of going public, according to new legal filings. Elon Musk's ongoing lawsuit against OpenAI has new exhibits that describe how OpenAI was contemplating snatching up Cerebras in or around 2017 — a year after Cerebras' founding, and just a few years after OpenAI began operating. In an email addressed to OpenAI CEO Sam Altman and Musk, Ilya Sutskever, one of OpenAI's co-founders and ex-chief scien...
Continue ReadingThe electric-vehicle purchase tax credit makes buying Teslas and other electric vehicles more affordable for most car buyers...
Continue ReadingThe longtime corporate lawyer would take his first turn as a prosecutor heading up the DOJ’s highest-profile field office...
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