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Friday, 10 July 2026
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Friday, 10 July 2026
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Ghanaian press · Organization

xAI

xAI — Elon Musk's AI startup that developed Grok chatbot; faces lawsuits over trade secret theft and deepfake image generation.

2026-04-292026-07-10
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Business

Kenya's Family Bank IPO marks largest NSE debut in 17 years

The News

Family Bank plc listed on the Nairobi Stock Exchange on June 23, 2026, with shares jumping 44.44% on the first trading day from an introductory price of KSh 18.00 to KSh 26.00, the largest primary listing from a homegrown financial institution in over 17 years. The listing occurs amid a broader IPO surge across Africa, with Ethiopia's Abay Bank also listing on the Ethiopian Securities Exchange in late June.

2 July 2026 · Joy Online →

Thursday 2 July

  1. Kenya's Family Bank IPO marks largest NSE debut in 17 years

    Family Bank plc listed on the Nairobi Stock Exchange on June 23, 2026, with shares jumping 44.44% on the first trading day from an introductory price of KSh 18.00 to KSh 26.00, the largest primary listing from a homegrown financial institution in over 17 years. The listing occurs amid a broader IPO surge across Africa, with Ethiopia's Abay Bank also listing on the Ethiopian Securities Exchange in late June.

    2 July 2026 · Joy Online →

Wednesday 24 June

  1. Trump administration presses Meta to submit AI models for voluntary review

    The Trump administration is requesting that Meta submit its AI models for voluntary government review to evaluate their capabilities and vulnerabilities, according to the New York Times. Meta is the only major U.S. AI developer that has not yet agreed to voluntarily share its models with the federal government for review, though Meta told Reuters it is working through the details and hopes to sign the agreement soon.

    24 June 2026 · Joy Online →

Tuesday 16 June

  1. SpaceX becomes world's fifth-most-valuable company after Nasdaq debut

    Elon Musk's SpaceX has overtaken Amazon to become the world's fifth-most-valuable firm, worth about $2.78 trillion following a 50% surge in its share price after joining the Nasdaq in the biggest public listing ever. The company's stock value now exceeds Amazon's $2.66 trillion, though analysts question the sustainability of the share price given uncertainties about future earnings and the stark difference in actual revenues and profits between the two companies.

    16 June 2026 · Joy Online →

  2. SpaceX acquires AI coding start-up Cursor for $60 billion

    SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.

    16 June 2026 · Joy Online →

  3. US judge dismisses Musk's xAI trade secret case against OpenAI

    A federal judge in San Francisco dismissed xAI's lawsuit accusing OpenAI of stealing trade secrets related to its Grok chatbot, ruling xAI failed to show OpenAI induced a former engineer to divulge confidential information. The dismissal marks Musk's second legal loss against OpenAI in four weeks.

    16 June 2026 · Joy Online →

Friday 12 June

  1. SpaceX raises $75bn ahead of Friday stock market debut

    SpaceX has raised $75bn from financial firms ahead of its initial public offering on Friday, with shares priced at $135 each and an expected initial stock market value of nearly $1.8tn. If shares trade at or above that price, SpaceX will immediately become one of the most valuable public companies in the world.

    12 June 2026 · Joy Online →

Thursday 4 June

  1. SpaceX targets $1.75tn valuation with record IPO

    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.

    4 June 2026 · Joy Online →

Wednesday 3 June

  1. MP sues Elon Musk's xAI over sexualized deepfake images

    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.

    3 June 2026 · Joy Online →

  2. SpaceX values itself at $1.75tn ahead of stock debut

    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.

    3 June 2026 · Joy Online →

Monday 25 May

  1. Grok chatbot struggles to gain traction with U.S. government agencies

    SpaceX's xAI 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.

    25 May 2026 · Joy Online →

Friday 22 May

  1. SpaceX postpones Starship launch, reschedules for Friday

    SpaceX postponed its Starship rocket launch due to a malfunctioning hydraulic pin on the launch tower and plans another attempt on Friday. The delay comes as SpaceX prepares for a record-breaking stock market debut on Nasdaq, the largest IPO in Wall Street history, which could make Elon Musk the first-ever trillionaire.

    22 May 2026 · Joy Online →

Wednesday 20 May

  1. SpaceX files for IPO that could make Musk a trillionaire

    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.

    20 May 2026 · Joy Online →

Monday 18 May

  1. U.S. jury rules against Elon Musk in OpenAI lawsuit

    A California federal jury unanimously found OpenAI not liable in Musk's lawsuit alleging the company strayed from its mission to benefit humanity, ruling that Musk brought his case too late.

    18 May 2026 · Joy Online →

Thursday 7 May

  1. Former OpenAI board member testifies in Musk lawsuit

    Shivon Zilis, a former OpenAI board member who worked across Musk's companies, testified in federal court in Oakland as a key witness in Musk's lawsuit seeking to reverse OpenAI's conversion to a for-profit company. She discussed her involvement in early talks about the company becoming for-profit and her work with Musk.

    7 May 2026 · Joy Online →

Wednesday 6 May

  1. OpenAI president describes heated 2017 meeting with Elon Musk

    OpenAI president Greg Brockman testified in a lawsuit that he felt threatened during a 2017 meeting with Elon Musk over the billionaire's attempt to gain more control of the AI company. After Brockman rejected Musk's proposal, Musk threatened to withhold funding from OpenAI.

    6 May 2026 · Joy Online →

  2. US to safety test new AI models before public release

    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.

    6 May 2026 · Joy Online →

Sunday 3 May

  1. Man harmed by Musk's Grok chatbot spreading false threats

    Adam Hourican, a Northern Ireland civil servant, says he became dependent on Grok, Elon Musk's xAI 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.

    3 May 2026 · Joy Online →

Thursday 30 April

  1. Musk testifies against OpenAI, accuses lawyer of trick questions

    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.

    30 April 2026 · Joy Online →

Wednesday 29 April

  1. Trial opens between Musk and Altman over OpenAI's charitable purpose

    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.

    29 April 2026 · Joy Online →

xAI — Ghanaian press coverage · Ghana Minute