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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
techcrunch.com/2024/04/25/xai-elon-musks-openai-rival-is-closing-on-6b-in-funding-and-x-his-social-network-is-already-one-of-its-shareholders/
xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X ...
Quick Glance: Sequoia backs Elon Musk’s xAI venture
  • Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.

  • The exact amount of Sequoia's investment in xAI remains undisclosed.

  • Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Profile picture of Quartz
Elon Musk is once again richer than Mark Zuckerberg: Facebook parent Meta's hundred-billion-dollar market cap loss has cost Zuckerberg, while Musk's Tesla stock ...
qz.com/elon-musk-richer-than-mark-zuckerbrg-tesla-meta-earning-1851438236
Elon Musk is once again richer than Mark Zuckerberg
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
  • Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.

  • Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.

  • Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.

  • Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Profile picture of Insider (news website)
Tesla slashes car and self-driving software prices after chaotic week: Three models are $2,000 cheaper in the US, while the self-driving software now costs $8 ...
businessinsider.com/tesla-slashes-prices-suv-cars-self-driving-software-before-earnings-2024-4
Tesla slashes car and self-driving software prices after chaotic week
Profile picture of Entrepreneur
Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'
entrepreneur.com/business-news/elon-musk-defines-ultra-hard-work-while-building-a-company/473323
Elon Musk Reveals His Tactics for Building Successful Companies ...
Profile picture of Bloomberg
Only Half of Global Interest Rate Hikes Set to Be Taken Back by End-2025: Major advanced economy central banks are likely to take back less than half of the ...
bloomberg.com/news/articles/2024-04-26/only-half-of-global-rate-hikes-set-to-be-taken-back-by-end-2025
Only Half of Global Interest Rate Hikes Set to Be Taken Back by End-2025
Profile picture of The Hill (newspaper)
Trump’s potential plan for Fed raises alarms: Former President Trump’s potential plan to exert more influence over the Federal Reserve is alarming experts and ...
thehill.com/business/4624880-trump-second-term-fed-powell-potential-plan/
Trump’s potential plan for Fed raises alarms
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All the data so far is showing inflation isn't going away, and is making things tough on the Fed
cnbc.com/2024/04/26/all-the-data-shows-inflation-isnt-going-away-making-things-tough-on-fed.html
All the data so far is showing inflation isn't going away ...
Quick Glance: Rising Key Fed Inflation Measure in March
  • In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.

  • The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.

  • Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.

  • Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Profile picture of Golem.de
Mars colony: Elon Musk talks about Mars plans and Starship 2 and 3 - Golem.de: More spaceships and launch options are needed to colonize Mars. Elon Musk even ...
golem.de/news/marskolonie-elon-musk-spricht-ueber-marsplaene-sowie-starship-2-und-3-2404-184583.html
Mars colony: Elon Musk talks about Mars plans and Starship 2 and 3 - Golem ...
Profile picture of Fast Company
Tesla axed its entire marketing team—here’s why that matters: It a reminder of just how little Tesla has invested in its own brand beyond Elon Musk.
fastcompany.com/91113609/tesla-axed-its-entire-marketing-team-heres-why-that-matters
Tesla axed its entire marketing team—here’s why that matters
Profile picture of Bloomberg
Stock Market This Week: S&P 500, Nasdaq Finish Higher: With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the ...
bloomberg.com/news/articles/2024-04-26/wall-street-humbled-as-rebounding-markets-weather-fed-pivot-fear
Stock Market This Week: S&P 500, Nasdaq Finish Higher
Profile picture of Insider (news website)
Asana CEO accuses Tesla of being the next 'Enron': Asana founder Dustin Moskovitz called Tesla the next "Enron" and speculated that people "are going to jail at ...
businessinsider.com/asana-ceo-dustin-moskovitz-tesla-accusations-enron-sec-2024-4
Asana CEO accuses Tesla of being the next 'Enron'
Profile picture of Bloomberg
JPY/USD: Why the Yen Is So Weak and What That Means for Japan: The yen continues to languish near a 34-year low against the dollar, mainly because interest rates ...
bloomberg.com/news/articles/2024-03-21/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake
JPY/USD: Why the Yen Is So Weak and What That Means for Japan
Profile picture of Insider (news website)
Ford tapped the brakes on EVs and bet on hybrids. It's paying off.: Ford announced in its earnings on Wednesday that hybrid sales rose 36% in the first quarter ...
businessinsider.com/ford-pulled-back-on-evs-focused-on-hybrids-paid-off-2024-4
Ford tapped the brakes on EVs and bet on hybrids. It's paying off.
Profile picture of The Sydney Morning Herald
Musk puts seat belts in cybertrucks. Now he must put them in cyberspace: What Elon Musk is doing is rogue even in an industry of rogues. He needs to be strapped ...
smh.com.au/politics/federal/musk-puts-seat-belts-in-cybertrucks-now-he-must-put-them-in-cyberspace-20240426-p5fms0.html
Musk puts seat belts in cybertrucks. Now he must put them in cyberspace
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Profile picture of Bloomberg
Tesla’s Most Crucial Metric Drops to the Lowest in Three Years: The metric Tesla Inc. told investors early last year was most important to its executives is in ...
bloomberg.com/news/articles/2024-04-26/tesla-s-most-crucial-metric-drops-to-the-lowest-in-three-years
Tesla’s Most Crucial Metric Drops to the Lowest in Three Years
Profile picture of Insider (news website)
New memo aims to give Trump a say in Fed interest rate decisions: WSJ: The Wall Street Journal reported that Trump's advisors are making a plan that would give ...
businessinsider.com/trump-interest-rate-decisions-restructure-federal-reserve-jerome-powell-wsj-2024-4
New memo aims to give Trump a say in Fed interest rate decisions: WSJ
Profile picture of The Atlantic
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
The 3.5 Percent Inflation Plateau
Profile picture of Quartz
Tesla stock bounces back after a dreadful few months marked by layoffs and tanking sales
qz.com/tesla-stock-ev-elon-musk-wealth-bounces-back-1851438895
Tesla stock bounces back after a dreadful few months marked by layoffs and ...
Profile picture of ABC
Could Australia ban X (formerly Twitter) or is it untouchable? The worst-case scenario for Elon Musk
abc.net.au/news/2024-04-25/elon-musk-x-versus-australia-on-sydney-church-stabbing-video/103761694
Could Australia ban X (formerly Twitter) or is it untouchable? The ...
Profile picture of The Atlantic
Tesla Is Not the Next Ford. It’s the Next Con Ed.: Elon Musk’s EV empire is crumbling.
theatlantic.com/technology/archive/2024/04/tesla-cars-batteries-power-company/678168/
Tesla Is Not the Next Ford. It’s the Next Con Ed.