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Welcome back to Week in Review. This week, we’re diving into OpenAI’s $6.6 billion fundraising round, the fifth Cybertruck recall in less than a year, and a neat project that’s Shazam-ing songs heard on a San Francisco street. Let’s get into it. OpenAI closed the largest VC round of all time this week. The startup…
A federal judge blocked one of California’s new AI laws on Wednesday, less than two weeks after it was signed by Governor Gavin Newsom. Shortly after signing AB 2839, Newsom suggested it could be used to force Elon Musk to take down an AI deepfake of Vice President Kamala Harris he had reposted (sparking a…
Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, which helped Musk acquire the social network formerly known as Twitter, has further reduced the value of its holding in X to a total markdown of 78.7%…
X (formerly Twitter) could soon resume service in Brazil — if it’s willing to pay an additional fine. Reuters and other publications have reported on an order from the country’s Supreme Court Judge Alexandre de Moraes stating that the Elon Musk-owned social network could “immediately return to its activities in national territory” if it pays…
Elon Musk, the CEO of X and various other companies with the letter “X” in their names, is in regulators’ crosshairs after skipping testimony this month in an investigation related to Musk’s takeover of Twitter. In a filing today, the U.S. Securities and Exchange Commission (SEC) said that it intended to seek sanctions against Musk…
X went back online in Brazil earlier this week, three weeks after Elon Musk’s platform was blocked under orders from Brazil’s Supreme Court. That prompted Brazil’s top court to fine X Corp. nearly $1 million for every day the platform remained accessible in the country. However, Cloudflare’s CEO Matthew Prince tells TechCrunch that X going…
Elon Musk has denied a report that one of his companies, Tesla, has discussed sharing revenue with another of his companies, xAI, so that it can use the startup’s AI models. The Wall Street Journal wrote yesterday that under a proposed agreement described to investors, Tesla would use xAI models in its driver-assistance software (known…
A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg. The court added that anyone using VPN to access the X platform would be subject to daily fines of 50,000 reais…
Vice President Kamala Harris‘ campaign team is taking aim at Donald Trump and Elon Musk after their live-streamed X interview, claiming the Republican hopeful’s agenda is for “self-obsessed rich guys who will sell out the middle class.” On Monday, Musk, who bought Twitter in 2022 and later renamed it X, had a conversation with former…
Elon Musk is reigniting a legal battle against OpenAI over its for-profit pivot, this time looking to void the company’s partnership with Microsoft. The lawsuit, filed in the Northern District of California on Thursday, alleges fraud and breach of contract over claims that the Tesla founder was swindled when he invested roughly $45 million into…