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The last several months have been good to Mark Zuckerberg’s Meta, as the company revealed on Thursday that its profits tripled year-over-year to $14 billion due to cost-cutting and a rebound in ads. Meta plans on investing heavily in its virtual reality and AI products, and on the latter point, Zuckerberg said during an earnings call the company is […]

Billionaire Elon Musk, US President Donald Trump and Former Pakistan Prime Minister Imran Khan All eyes are on US President Donald Trump as the 2025 Nobel Peace Prize announcement is scheduled for Friday. Trump has long made it clear that he wants the world’s most coveted peace honour. The Nobel Committee said that there are […]

Financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project Elon Musk posted on X in September that the company was “not raising any capital right now.” Elon Musk’s artificial intelligence startup xAI is raising more financing than […]

Elon Musk and the company formerly known as Twitter have agreed to resolve a $128 million lawsuit filed last year by former Chief Executive Officer Parag Agrawal and three other top officials who said they were denied severance payments. Terms of the settlement weren’t disclosed in a September 30 federal court filing, which pushed back deadlines in the case […]

Los Angeles: When Tesla directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of “Mars-shot milestones” to earn $878 billion in Tesla stock over 10 years. The board’s proposal said Musk would have to “completely transform Tesla and society […]