A federal jury has found Elon Musk liable for defrauding Twitter shareholders during his 2022 acquisition of the social media platform. The verdict centers on Musk's delayed disclosure of his initial stake, which allegedly saved him over $140 million at the expense of selling investors.
A group of Tennessee teenagers has filed a lawsuit against Elon Musk’s xAI, alleging the company’s generative tools were used to create explicit images of them as minors. The case represents a critical test for AI developer liability and the efficacy of safety guardrails in 'unfiltered' AI models.
Elon Musk has announced the April launch of X Money, a financial super-app suite integrated into the X platform. Offering a market-leading 6% APY and real-time P2P transfers via Visa Direct, the move poses a direct threat to incumbents like PayPal and Cash App.
Elon Musk announced the April 2026 launch of X Money, a financial super-app integration within X that offers peer-to-peer payments, debit cards, and a market-leading 6% APY. By leveraging Visa Direct and Cross River Bank, X aims to convert its 600 million users into active financial consumers, directly threatening incumbents like PayPal and Cash App.
Elon Musk has announced the April launch of X Money, a financial super-app integration for X featuring peer-to-peer payments and a market-leading 6% APY. By leveraging Visa Direct and Cross River Bank, the platform aims to convert X's 600 million users into active banking customers, directly challenging incumbents like PayPal and Cash App.
Elon Musk's X is set to launch 'X Money' in April 2026, transforming the social platform into a financial super-app with P2P transfers and a market-leading 6% APY. The move, backed by Visa and Cross River Bank, signals a major shift in the fintech landscape while drawing immediate regulatory scrutiny under the CLARITY Act.
Hong Kong’s privacy watchdog and 60 global organizations have issued a joint call to combat the 'supercharged' rise of deepfake-facilitated violence against women. The initiative advocates for a shift from reactive regulation to a proactive design philosophy that centers the safety of women and girls in AI development.
Hong Kong's Privacy Commissioner and 60 global organizations have issued a joint call to action against the 'supercharged' rise of AI-driven deepfakes. The initiative advocates for a 'safety by design' approach that prioritizes the protection of women and girls, who currently comprise 90% of non-consensual deepfake victims.
Hong Kong’s Privacy Commissioner has co-signed a global statement with 60 organizations to address the 'supercharged' threat of AI-generated deepfakes. The initiative advocates for a 'safety by design' approach that prioritizes the protection of women and girls, who represent 90% of non-consensual deepfake victims.
Elon Musk is set to launch XMoney, a digital payments platform integrated with X, in beta this April. Partnering with Visa, the service aims to transform the social media platform into a comprehensive financial hub competing with PayPal and Venmo.
Elon Musk is set to launch XMoney, a peer-to-peer payments platform integrated with X, in beta this April. Developed in partnership with Visa, the service represents a critical step toward transforming X into a WeChat-style 'everything app' by consolidating social media and financial services.
Elon Musk's X is set to launch XMoney in beta this April, a peer-to-peer payment platform integrated with Visa Direct. This marks a significant step toward transforming X into a WeChat-style 'Everything App' for the Western market.
Elon Musk’s social media platform X and artificial intelligence venture xAI are reportedly pursuing a comprehensive debt payoff strategy to clear billions in liabilities. This move signals a major financial restructuring aimed at stabilizing the Musk-led ecosystem and accelerating the integration of real-time social data with generative AI development.
Elon Musk’s social media platform X and his artificial intelligence venture xAI are reportedly pursuing a comprehensive debt payoff strategy to clear billions in liabilities. This move signals a major financial pivot aimed at stabilizing X’s balance sheet and potentially merging the financial destinies of Musk's two most data-dependent entities.
Elon Musk is reportedly moving to eliminate $17.5 billion in debt associated with X and xAI, leveraging the explosive valuation of his AI venture to stabilize his social media platform. This maneuver marks a pivotal shift in the financial health of Musk's private empire, potentially freeing up capital for aggressive expansion in the generative AI sector.
Elon Musk is reportedly preparing to clear $17.5 billion in debt associated with X and xAI, resolving the long-standing 'hung debt' held by major banks since the 2022 acquisition of Twitter. This move, fueled by xAI's surging valuation, marks a significant turning point for Musk's financial empire and the leveraged finance market.
Elon Musk has taken the stand in a San Francisco federal court to defend against shareholder allegations that he intentionally deflated Twitter's stock price during his 2022 acquisition. Investors claim Musk's public skepticism regarding bot accounts was a calculated tactic to lower the $44 billion purchase price.
Elon Musk is moving to settle $17.5 billion in debt across X and xAI, following a massive $250 billion merger between SpaceX and xAI. The strategic deleveraging is widely viewed as a precursor to a landmark SpaceX initial public offering later this year.
Elon Musk’s xAI and X are reportedly planning to settle $17.5 billion in outstanding debt in full, including high-yield bonds at a premium. This massive deleveraging follows SpaceX’s $250 billion acquisition of xAI and comes as the aerospace giant prepares for a highly anticipated IPO later this year.
Elon Musk’s X and xAI are preparing to settle approximately $17.5 billion in outstanding debt in full, a move managed by Morgan Stanley. This massive deleveraging follows SpaceX’s $250 billion acquisition of xAI and precedes a highly anticipated SpaceX IPO scheduled for later this year.