Tesla reported Q2 earnings with profits of 31 cents per share, below Wall Street's 51-cent prediction, causing its stock to dip. Despite exceeding revenue expectations and auto sales, the company faces competition and subsidy ends, pivoting focus to AI, robotics, and autonomous driving projects like Optimus and Robotaxi.
An article explores Ernesto "Che" Guevara's 1960 quote prioritizing human life over material wealth, tracing its philosophical roots to Immanuel Kant and examining its relevance to modern challenges in healthcare, housing, and technology, where economic systems often prioritize property rights over human well-being.
Larry Ellison, Oracle co-founder, rose from struggling to pay utility bills for his early software projects to becoming the world's second-richest man. His journey included dropping out of college, being rejected by investors, founding Oracle, and later purchasing 98% of the Hawaiian island of Lānaʻi. Despite recent stock market fluctuations affecting his net worth, Oracle's core business remains strong.
Texas Democratic AG candidate Nathan Johnson pledges to investigate Elon Musk's SpaceX if elected, citing potential corruption in a deal awarding the company $110m in state grants. Johnson criticized the lopsided award and promised greater scrutiny of government contracts.
Elon Musk, the world's richest man, controls a sprawling network of businesses including SpaceX, Tesla, Neuralink, and The Boring Company. His ventures, often close to collapse, have disrupted industries and achieved massive valuations, with SpaceX recently having the largest IPO ever.
The world's richest man has successfully taken his rocket company public in what is being described as the world's largest Initial Public Offering (IPO).
Sources and internal discussions reveal that Meta's new AI unit is in disarray, with executives and employees struggling to navigate a chaotic strategy.
SpaceX's IPO on Nasdaq saw its stock surge 19% to $161, valuing the company at $2.1 trillion. Elon Musk, now the world's richest person with over $1 trillion, raised $75 billion, setting a new IPO record and surpassing Aramco's 2019 record.
Tech elites like Sam Altman and Elon Musk are pursuing a transhuman future, merging humans with AI and seeking cosmic dominance. This ambition, fueled by effective altruism and a rejection of traditional religion, risks diverting resources from present human needs towards a techno-mystical dream.
The US Department of Justice has dropped fraud charges against Indian billionaire Gautam Adani after his new legal team, led by Robert J Giuffra Jr (also Donald Trump's personal lawyer), proposed a $10bn US investment creating 15,000 jobs, alongside challenging evidence and jurisdiction in an undisclosed April meeting.
Showdown between Musk and Altman has rendered the world’s most wealthy comical under egalitarian eye of courtFor the past couple of weeks, on the fourth floor of a courthouse on a quiet street in downtown Oakland, the world’s richest man and one of the world’s most valuable startups have been at war over the future of artificial intelligence.Being one of the reporters in the room has felt like watching an updated, opposite-coast version of Tom Wolfe’s The Bonfire of the Vanities – ambition, ego, greed and the spectrum of social class on full display. The supporting cast has included Elon Musk fanboys, a stern judge and a who’s-who of Silicon Valley’s most influential people. Continue reading...
Elon Musk took the stand for a second day in his lawsuit against OpenAI, repeatedly accusing Sam Altman of stealing a charity and endangering humanity with AI. Musk seeks $134bn in damages and the removal of Altman and Greg Brockman, claiming they broke the founding agreement to build AI for humanity by shifting to a for-profit structure. OpenAI rejects the claims as motivated by jealousy, stating Musk was aware of for-profit plans and left in 2018 after a failed bid to take over the company. The trial in Oakland, California is being closely watched as it threatens OpenAI's planned $1tn IPO.
Elon Musk continued his testimony on day two of the trial against OpenAI, repeatedly accusing Sam Altman of stealing a charity and endangering humanity with AI. The world's richest man faced testy exchanges with OpenAI's attorneys, with Judge Yvonne Gonzalez Rogers repeatedly intervening to maintain order. Musk is seeking $134bn in damages and the removal of Altman and Greg Brockman, claiming they broke the company's founding agreement to remain non-profit. OpenAI has rejected the claims as motivated by jealousy, stating Musk was aware of for-profit plans and left in 2018 after a failed takeover bid. The trial is expected to last three weeks.
Elon Musk continued his testimony against OpenAI in federal court in Oakland, California, repeatedly accusing Sam Altman of stealing a charity and endangering humanity with AI. During contentious cross-examination, Musk refused to answer questions directly, leading to multiple interventions from Judge Yvonne Gonzalez Rogers. Musk is seeking removal of Altman and Greg Brockman, reversal of OpenAI's for-profit conversion, and $134bn in damages to be redistributed to the company's non-profit arm. OpenAI rejects the claims as jealousy-motivated and states Musk was aware of for-profit plans. The trial, expected to last three weeks, could impact OpenAI's planned $1tn IPO.
Elon Musk continued his testimony in the Oakland federal court trial against OpenAI, repeatedly accusing Sam Altman and Greg Brockman of stealing a charity by shifting the company from non-profit to for-profit structure. Musk is seeking $134bn in damages, removal of Altman and Brockman, and reversal of OpenAI's corporate restructuring. OpenAI rejects the claims as jealousy-motivated, stating Musk was aware of for-profit plans and his $38m contribution was a tax-deductible donation, not an investment. The trial, expected to last three weeks, pits two powerful tech figures against each other and could impact OpenAI's planned $1tn IPO.
Elon Musk continued his testimony in an Oakland federal court on Wednesday, repeating accusations that OpenAI co-founders Sam Altman and Greg Brockman 'stole a charity' by shifting the company from its non-profit mission to a for-profit structure. Musk is seeking $134bn in damages, the removal of Altman and Brockman, and reversal of the for-profit conversion. OpenAI rejects the claims as 'motivated by jealousy' and states Musk was aware of business plans and his $38m was a tax-deductible donation. The trial, expected to last three weeks, threatens OpenAI's planned $1tn IPO.
Anant Ambani, son of Asia's richest man Mukesh Ambani, has offered to receive and care for Colombia's population of hippos descended from animals illegally imported by drug lord Pablo Escobar. The herd of around 80 hippos, dubbed 'cocaine hippos', has grown from an original male and female pair kept at Escobar's Hacienda Nápoles ranch. Colombia, which has struggled to control the invasive species, decided to cull them. Vantara zoo in Gujarat says it is ready to provide lifelong care.
Vlad Plahotniuc, Moldova's former richest man, has been sentenced to 19 years in jail for his role in the 2014-15 'theft of the century' banking fraud involving $1bn (12% of GDP). He was found guilty of receiving over $40m from the scheme and ordered to pay $60m in damages. Plahotniuc, who denies wrongdoing and was not present in court, was arrested in Athens in July 2025 and extradited. The fraud involved transferring loans to UK- and Hong Kong-registered companies, with funds later linked to pro-Russian oligarch Ilan Shor.
Owner of X summoned along with former CEO Linda Yaccarino over investigation by cybercrime unitBusiness live – latest updatesEurope live – latest updatesElon Musk has been summoned to Paris, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse material and deepfake content.The world’s richest man and Linda Yaccarino – the former chief executive of X – were on Monday summoned for “voluntary interviews”, while other employees of the platform were scheduled to be heard as witnesses throughout this week, the Paris prosecutor’s office said. Continue reading...
