Global stock markets retreated this week as a sell-off in artificial intelligence stocks deepened, while rising oil prices stoked fears of economic instability. According to Associated Press reporting, the S&P 500 fell 1% to close its first losing week in the last three, driven by a broad sell-off in chipmakers and heightened geopolitical tensions in … Read more
SpaceX shares dipped by 3.5% in premarket trading following an automatic abort of the Starship V3 test flight at the company’s Starbase, Texas, complex. The scrub occurred during a 90-minute launch window when an engine ignition failure triggered an automated safety shutdown, forcing SpaceX to offload propellant and reschedule the attempt. Market Volatility Follows High-Stakes … Read more
Elon Musk is poised to become a central, if reluctant, figure in the upcoming Academy Awards season as two major films featuring his life story head toward potential Oscar contention. Despite Musk’s public dismissal of the Oscars as “unwatchable,” distributors are actively campaigning for the documentary Musk, directed by Alex Gibney, and the dramatized OpenAI … Read more
Mick Jagger has clarified that his “mad mogul” lyric in The Rolling Stones’ new track “Mr Charm” is intended as a “sidewinding compliment” to Elon Musk, not a disparaging critique. Speaking to The New York Times, the frontman explained that the line acknowledges Musk’s role in providing essential space transportation when NASA could not, despite … Read more
OpenAI CEO Sam Altman and SpaceX CEO Elon Musk have resumed their public feud, triggered by a recent lawsuit from Apple alleging that OpenAI and its hardware partner, io, misappropriated trade secrets. Altman dismissed the criticism on X, citing his company’s current model performance, while Musk—a co-founder of OpenAI—has intensified his public attacks, labeling the … Read more
Elon Musk and Sam Altman have escalated their long-standing public rivalry, trading insults on X as both tech leaders push toward competing milestones in artificial intelligence and space infrastructure. The conflict, which originated from their shared history as founders of OpenAI in 2015, has intensified following legal battles and the recent release of advanced AI … Read more
James Murdoch, the 53-year-old son of media mogul Rupert Murdoch, holds a stake in SpaceX that could be worth up to $7.44 billion, according to calculations by Pitchbook senior research analyst Franco Granda. This potential windfall stems from approximately $120 million in private investments made between 2019 and 2020, a sum that eclipses his financial … Read more
Apple Inc. has filed a federal lawsuit in Northern California against OpenAI, alleging the artificial intelligence lab engaged in systematic trade secret theft to bolster its own consumer hardware initiatives. The complaint, which names OpenAI and former Apple executive Tang Tan as defendants, claims the AI firm illicitly acquired intellectual property through aggressive hiring practices … Read more
Elon Musk recently postponed a scheduled interview with CNBC’s Julia Boorstin, where he was expected to discuss Tesla, a historic SpaceX initial public offering, and the launch of the company's latest Grok artificial intelligence model. Tesla’s Production and Delivery Performance Tesla reported 480,126 vehicle deliveries during the second quarter, exceeding the 406,600 deliveries analysts had … Read more
Mr. Wolfers, a professor of economics and public policy at the University of Michigan, asserts that the current US political climate demonstrates how presidential power can be leveraged for significant personal profit, a trend he describes as “selling the presidency.” The Economics of Presidential Influence According to financial disclosures, President Trump generated $US1.4 billion ($2 … Read more