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
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
Amazon is shifting its hardware strategy toward “Alexa+,” an AI-powered assistant designed to provide contextual help by learning user habits, according to Amazon hardware and services chief Panos Panay. This move signals a broader industry transition away from traditional app-based interfaces toward voice-first, wearable, and on-the-go devices that rely on custom in-house silicon. How is … Read more
Wall Street is shifting its focus from artificial intelligence spenders to AI infrastructure suppliers. According to CNBC’s Jim Cramer, the “Magnificent Seven” tech group shed roughly $2.3 trillion in market value during June as investors questioned whether massive AI investments will produce sufficient earnings and free cash flow to justify the cost. Why are the … Read more
The “Magnificent 7” technology stocks—Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon—have seen approximately $2.3 trillion in market value erased this month as investors scrutinize heavy infrastructure spending on artificial intelligence, according to data cited by CNBC. While the CNBC Magnificent 7 Index has dropped 10% in June, the broader semiconductor sector continues to show … Read more
SpaceX has shifted from a Google-backed startup to a critical infrastructure provider for the search giant, inking a $920 million monthly deal to supply AI compute capacity as part of a broader, complex rivalry between Elon Musk and Google co-founder Larry Page. This partnership, which follows Google’s initial $900 million investment in SpaceX in 2015, … Read more
Rivian Automotive CEO RJ Scaringe is positioning his new venture, Mind Robotics, to integrate humanoid robots into industrial manufacturing, with Rivian serving as the primary launch customer. According to Scaringe, the company has raised over $1 billion to develop robots capable of collaborating alongside human workers in factory environments. This move distinguishes Scaringe’s strategy from … Read more
SpaceX Valuation Soars Toward $1.8 Trillion IPO SpaceX is preparing for a potential initial public offering (IPO) with a target valuation of approximately $1.8 trillion, according to reports surrounding the company’s upcoming eighth Starship test flight. Early investors, including Ron Baron, ARK Invest, and Fidelity Investments, are positioned to see historic paper gains as the … Read more
Iranian state media outlet Fars reported Thursday that Iran will treat all of Elon Musk’s companies in the Middle East, including the SpaceX Starlink satellite internet service, as military targets. This threat follows a series of escalating strikes between the U.S. and Iran, with President Donald Trump warning of further military action against Iranian infrastructure, … Read more