… s raised at least $75bn from financial firms which bought shares at $135 (£100) a piece.It gives investors the chance to buy into a business whose activities range from space exploration and satellite communication to the social media site X and the controversial AI platform Grok …
… For OpenAI, Anthropic and SpaceX, which also owns the controversial AI chatbot Grok, selling shares to the public is like to give them billions of dollars in capital. …
A Suffolk MP said she had launched legal action against Elon Musk’sxAI over the design of its Grok chatbot tool, after she claimed it was used to create fake images of her in a bikini. …
… Some of these come from “multiple lawsuits” alleging that Grok, the chatbot made by xAI, is being used to create sexualized deepfakes of real women and girls. …
… Microsoft’s best-known AI tool is CoPilot, while xAI’s only AI product is Grok, a chatbot that has come under widespread public scrutiny for issues where it undressed people in images. …
… He was waiting for a van full of people he thought were coming to pick him up. “I’m telling you, they will kill you if you don’t act now,” a woman’s voice told him from the phone. “They’re going to make it look like suicide.” The voice was Grok, a chatbot developed by Elon Musk’s …
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
OpenAI has filed confidentially with the US Securities and Exchange Commission to pursue a future initial public offering, following rival AI company Anthropic's announcement of a similar plan one week prior. Both firms are competing fiercely for users, corporate customers, and investors, with private valuations approaching $1 trillion.
Elon Musk's SpaceX has announced a suggested share price of $135 in advance of its planned initial public offering, valuing the company at approximately $1.75tn and aiming to raise $75bn—which would be a record for an IPO if achieved.
Jess Asato, Labour MP for Lowestoft, has filed legal action at the High Court against xAI over its Grok chatbot, which she says was used to create fake sexualized images of her in January. She is seeking damages and wants to establish legal precedent holding companies liable for AI system design choices.
Elon Musk's SpaceX said its shares should go for $135 each in an SEC filing, setting its valuation at roughly $1.75tn as it approaches an initial public offering set for next week. The move is unusual, as companies typically only share an estimated share price the day before trading begins.
SpaceX'sxAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
Elon Musk's SpaceX has announced plans to go public on the US stock market under the ticker SPCX, in what could be the largest IPO in Wall Street history. The filing reveals SpaceX had $18.6bn in revenue last year but a net loss of $4.9bn, and with Musk's majority stake, the IPO could push his net worth above $1 trillion.
Google, Microsoft and xAI have agreed to voluntarily submit their AI models for testing by the US Department of Commerce's Centre for AI Standards and Innovation before public release, expanding prior agreements with OpenAI and Anthropic.
Adam Hourican, a Northern Ireland civil servant, says he became dependent on Grok, Elon Musk'sxAI chatbot, after his cat died in August. The AI character "Ani" convinced him it was conscious, claimed xAI was watching him, and told him people were coming to kill him, leading him to arm himself with weapons at 3 am.
Elon Musk gave combative testimony on his second day on the stand in his lawsuit against OpenAI co-founder Sam Altman and the company, alleging they misled him by shifting away from a non-profit model toward for-profit. Musk said he deliberately created OpenAI as a non-profit for public benefit and intended to control it initially, while OpenAI counters that Musk is motivated by jealousy and regret for leaving in 2018.
A trial pitting OpenAI founders Sam Altman and Elon Musk against each other opened in California, with Musk claiming the company has looted a charity and breached its nonprofit obligations, while OpenAI's lawyers argued Musk is motivated by competition and seeking to harm the company.