Top 10 richest tech billionaires roundup for December 2024
South African-born Elon Musk has increased the gap between himself and the rest of the world's richest people in 2024.
The past year has been great for most of the world's biggest tech companies, thanks largely to continued investor...
bill gates
bloomberg billionaires index
elonmusk
jeff bezos
jensen huang
larry ellison
larry page
mark zuckerberg
michael dell
sergey brin
steve ballmer
UK doubles down on social media laws
The UK plans to extend its rules against illegal material online to cover how social media companies respond to crises like the recent riots in the country, according to a statement from British regulator Ofcom on Monday.
The agency released its first...
EU wants to build its own Starlink
The European Union is committing to build a €10.6 billion (R199.23-billion) constellation of satellites that will provide the bloc with encrypted global internet connectivity in a bid to provide a homegrown alternative to Elon Musk’s Starlink.
The EU on...
Tesla back in trillion-dollar club after Trump win
A breakneck rally in Tesla Inc. shares on Friday catapulted the electric vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon...
Tesla share surge wipes out short-seller 2024 profits
Tesla Inc.’s blowout earnings caught everyone off guard. But it was the bears who paid the price this week.
The electric-vehicle maker’s results delivered a gut-punch to short-sellers — investors who make money by betting that a security...
Elon Musk says Starlink regulatory approval in South Africa underway
Elon Musk says that his private rocket company SpaceX’s satellite Internet service Starlink is awaiting regulatory approval in South Africa.
Musk made the statement in response to a post on Twitter/X by a South African user...
X lets users prevent Grok from training on their posts
Elon Musk’s X has given users a way to prevent their posts and interactions from helping train his artificial intelligence chatbot Grok.
Settings for X users default to allow their data to be provided to the chatbot.
[Bloomberg]
Hey everyone
I'm looking for people who put down the $1,000 deposit on a Tesla Model 3 back when the company was still planning to launch in SA. I believe it opened deposits in 2016.
Recently spoke to someone who got tired of waiting for a local launch and ended up buying an EX30. He is...
X in danger of EU fine
Elon Musk’s social media platform X is set to be served with a formal warning for failing to combat dangerous content, in the third show of force by European Union regulators against Big Tech in recent weeks.
The escalation — which could eventually pave the way for fines...
All the legal fights Elon Musk and his companies are up against
Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot system to civil rights complaints over the treatment of employees.
Tesla’s board and Musk were hit...
...the CEO suggested that he is “uncomfortable” building AI products at Tesla unless he has “25% control over the company” – something he doesn’t have right now – partly because he decided to sell tens of billions of dollars worth of Tesla shares to buy Twitter.
Musk currently owns about 13% of...
Zimbabwean minister's son arrested for using Starlink
A Zimbabwe politician’s son was arrested on charges of illegally possessing a Starlink terminal, a sign of the risks in countries where the SpaceX technology isn’t licensed.
Neville Mutsvangwa, the son of of women’s affairs and community...
Tesla firing nearly entire Supercharger team
Elon Musk has upended a deal the White House saluted early last year to open Tesla Inc.’s electric vehicle (EV) chargers to other automakers, dealing a blow to President Joe Biden’s EV agenda.
Musk decided in the last week to eliminate almost the...
xAI close to $6-billion funding deal
Elon Musk’s artificial intelligence startup X.AI Corp. is nearing a deal to raise $6 billion (R114.1 billion) in a funding round that would value the company at $18 billion, according to a person familiar with the matter.
Sequoia Capital will participate in...
Tesla moves production of cheaper cars forward
Tesla Inc. is accelerating the launch of less-expensive cars in a bid to revive sagging demand following another disappointing quarter.
The electric vehicle (EV) maker aims to start production of new models as soon as this year, well ahead of the...
Australian PM lambasts Musk for refusing to censor knife attack video
Elon Musk’s social network X has been hit with an interim injunction by an Australian court to remove footage of a stabbing attack, prompting a furious response from the owner who accused the government of censorship.
In a...
Tesla slashes prices again
Tesla Inc. spent the weekend cutting prices of its models across China, Europe and the US amid slumping sales and a glut of inventory.
Late Saturday, the company led by Elon Musk also slashed the price of the driver-assistance software that it calls Full...
Musk's R1.06-trillion Tesla payday up for another shareholder vote
Tesla Inc. will ask shareholders to vote again on the same $56-billion (R1.06-trillion) compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year.
In its proxy filing issued...
X admits defeat — will comply with Brazil Supreme Court orders
Elon Musk’s X social media platform will comply with all orders from Brazil’s Supreme Court, lawyers representing the company told the body a week after the billionaire said he would defy its judges and lift restrictions imposed on...