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Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion. According to The Financial Times, the secondary stock offering, which comes after xAI acquired Musk’s social media platform, X, for $33 billion, will allow staff to sell shares to new investors. The tender offer…
Elon Musk on Sunday announced that a new version of X’s Direct Messaging (DM) feature, XChat, was rolling out with support for features like vanishing messages, encryption, and the ability to share files, alongside its audio and video calling support. The new features aren’t yet broadly available, as XChat only recently started beta testing among…
X’s new DM feature, XChat, has begun rolling out to beta testers. Some X users who pay for the platform’s subscription product have reported that they can access XChat, while reverse engineer Nima Owji confirmed to TechCrunch that the new messaging system appears to be ready to ship. XChat is intended to be a more…
For over 24 hours, many X users, including this reporter, have been experiencing issues with the site’s basic functionality. Some messages won’t load, timelines won’t update, and certain posts can’t be seen without a webpage refresh (or several). The trouble started Thursday afternoon, according to Downdetector, a crowdsourced platform for flagging web outages. Beginning at…
Grok, the AI-powered chatbot created by xAI and widely deployed across its new corporate sibling X, wasn’t just obsessed with white genocide this week. As first noted in Rolling Stone, Grok also answered a question on Thursday about the number of Jews killed by the Nazis in World War II by saying that “historical records,…
Eric Council Jr., 26, was sentenced to 14 months in prison and three years of supervised release on Friday for participating in the hack of the official X account of the U.S. Securities and Exchange Commission. The U.S. Department of Justice announced the sentencing in a press release. Council and other hackers took over the…
We are thrilled to announce that Astro Teller, the head honcho of Alphabet’s X, the Moonshot Factory, will be joining us as a featured speaker at TechCrunch Disrupt 2025, happening October 27-29 at Moscone West in San Francisco. The whole affair promises to be fun filled and rife with intel and insights that you won’t…
X has not been fairing well in the U.K., previously a major source of revenue for the social network prior to Elon Musk’s arrival. Still named Twitter UK Ltd, revenues and profits for X’s UK entity collapsed by over 60% in the year after Musk took it over and changed its moderation controls, according to…
When Elon Musk announced that his AI startup, xAI, had acquired his social media company, X (formerly known as Twitter), in an all-stock deal, it raised some eyebrows. But in many ways, the deal made sense. xAI’s chatbot, Grok, was already deeply integrated with X, X was floundering financially, and Musk needed a way to…
X is now suing more advertisers in an antitrust lawsuit focusing on what the company’s CEO Linda Yaccarino has claimed is a “systematic illegal boycott.” The company formerly known as Twitter first filed the lawsuit against the World Federation of Advertisers and its brand safety initiative the Global Alliance of Responsible Media in August 2024….