Musk loses Twitter investment fraud case
Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, a jury concluded.
Jurors in federal court in San Francisco found Friday that...
xAI aiming for $200-billion evaluation in funding raise
XAI Holdings, Elon Musk’s artificial intelligence and social media company, is in talks to raise more money at a valuation of as much as $200 billion (R3.6 trillion), according to a person familiar with the matter.
The company recently...
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]
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...
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...
xAI valued at R337 billion in possible investment offer
Elon Musk’s fledgling AI startup X.AI Corp. is looking to raise $3 billion to $4 billion (R56.22 billion to R74.95 billion) in a deal that would value the company at $18 billion (R337.32 billion), according to materials sent to investors...
X gets third new safety head under Musk
X, the social platform formerly known as Twitter, appointed a new head of safety to oversee content policies and rules amid changes to the platform that have raised concerns among advertisers.
The company promoted an internal employee, Kylie McRoberts...
X testing groups for adult-only content
X, the social network formerly known as Twitter, is testing a feature that lets users create or join communities focused on “adult content” or other “not safe for work” material.
Users who create a community within the app can specify in the settings...
X drops Don Lemon show partnership
Elon Musk’s X abruptly cancelled a planned partnership with CNN veteran Don Lemon after the broadcaster interviewed him on Friday for the premiere episode of a new show.
Lemon said he was informed of the decision hours after he conducted the interview, which...
Social media sites struggle to stop sharing of video showing US Air Force member setting himself on fire
The video recording of a US Air Force member who set himself on fire outside of the Israeli embassy in Washington over the weekend has continued to spread on social media platforms despite...
Twitter Africa staff reach deal with X a year after retrenchment
The company formerly known as Twitter reached an agreement with laid-off staff from its only African office following about a year of negotiations.
The affected employees in the Ghanaian capital, Accra, were fired in November...
X launching new ad-targeting features in challenge to YouTube
Elon Musk’s X is adding new advertiser targeting features to better entice video creators and compete against YouTube.
X, the social network formerly known as Twitter, will let advertisers run ads before videos from creators of...
X will feature weekly WWE show
Elon Musk’s X is partnering with World Wrestling Entertainment to launch a new weekly series, part of an expansion into highly produced video content.
Beginning in the spring, WWE will produce a series called WWE Speed, which will be distributed first on X...
Twitter co-founder's new social network launched to all users
Bluesky, the decentralised social network that was hatched by former Twitter chief executive officer Jack Dorsey, is expanding its app to all interested users, abandoning an invite-only system that the service used to help regulate...
Taylor Swift queries re-enabled on X after surge in explicit deepfakes
Elon Musk’s X has reactivated the ability to search its social network for musician Taylor Swift, after disabling queries for her name in response to a flood of explicit deepfake images.
“Search has been re-enabled and we...
X getting new office with 100 full-time content moderators
Elon Musk’s X, the company formerly known as Twitter, is planning to build a new “Trust and Safety centre of excellence” in Austin, Texas, to help enforce its content and safety rules.
The company aims to hire 100 full-time content...
X getting more online video shows
X, the social media platform formerly known as Twitter, announced a slate of new video shows, including a partnership with former CNN anchor Don Lemon.
Lemon will host a 30-minute show on X called “The Don Lemon Show,” airing three times a week “exclusively...
Hacked SEC X account posts Bitcoin ETF has been approved
A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday.
The SEC’s X account was compromised and...
X's value plummets further
Elon Musk’s X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., according to Axios citing disclosures by Fidelity, which helped him complete the $44 billion purchase.
Fidelity cut by a further 11% the value of its holding...
X fails to block California law that forces social media companies to share content moderation policies
Elon Musk’s X Corp. lost its effort in court to block a California law that seeks to control toxic posts on social media by requiring companies to disclose their content-moderation policies...