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News
Volkswagen Is Planning To Shed Tens Of Thousands Of Jobs. Its CEO Says Cost Cutting 'Is Not Over"
2+ day, 14+ hour ago (387+ words) Volkswagen CEO Oliver Blume told workers to increase saving efforts as the company gears up to implement a plan that will shed tens of thousands of jobs over the years amid a grave crisis. "This journey is not over. Because…...
China's Dancing Robot Star Unitree Heads For A Record IPO. Investors Want In.
1+ week, 3+ day ago (743+ words) Chinese robot maker Unitree is preparing to make its stock market debut after raising 6.1 billion yuan, or about $905 million, in a heavily oversubscribed initial public offering. The Hangzhou-based company is scheduled to begin trading in Shanghai on Wednesday, becoming the…...
Elon Musk's $16.8 Billion Chip Factory Could Become the World's Largest Building
2+ week, 2+ day ago (531+ words) Elon Musk is planning a massive semiconductor factory in Texas that could become the world's largest building as his companies move to secure their own supply of advanced chips for artificial intelligence, robotics, autonomous vehicles and future space-based computing. SpaceX…...
Elon Musk Is Reportedly Reentering Political Fray. He Plans To Help Fuel Republican Midterm Election Turnout
4+ week, 1+ day ago (311+ words) Former trillionaire Elon Musk is taking steps to help boost Republican turnout for the 2026 midterm elections, according to a new report. Axios detailed that Musk is reviving his super PAC, America PAC, which spent $260 million in support of President Trump…...
SpaceX's Next Test: Can Share Prices Survive The Upcoming Multi-Billion Share Unlock?
1+ mon, 1+ week ago (310+ words) One month ago, SpaceX's record-breaking $86 billion IPO made Elon Musk the world's first trillionaire. Since then, the company's share price reached a peak of $225 before sliding below the IPO price of $135. Data published by Reuters indicates that short-sellers have made…...
Tesla Capped Employee AI Spending At $200 A Week. Uber And Other Companies Are Already Tightening Similar Internal Limits.
1+ mon, 3+ week ago (236+ words) Tesla's internal platform, known as "Bottle Rocket," centralizes access to models from providers including OpenAI, Anthropic, xAI, and Cursor, allowing employees to switch between systems for different tasks. The company has also introduced approval requirements for employees seeking to exceed…...
SpaceX IPO Creates New Billionaires As Elon Musk's Stake Tops $1 Trillion
2+ mon, 1+ week ago (520+ words) SpaceX's historic stock market debut has transformed a number of its investors and executives into billionaires, with founder and CEO Elon Musk's stake now valued at more than $1 trillion. The company's blockbuster listing also created thousands of new millionaires and…...
SpaceX Climbs Further On First Full Day Of Trading Amid Broader Gain In Stocks
2+ mon, 1+ week ago (317+ words) SpaceX continued climbing in its full trading session on Monday, building on large gains from last Friday, when it marked the biggest initial public offering in history. Shares of the company gained more than 7.5% at 10:13 a.m. ET, standing above $173 each and…...
xAI Reportedly Asked Employees For Their Tax Returns To Train a Model But Hasn't Paid Them Yet
3+ mon, 1+ week ago (438+ words) xAI asked employees for their tax returns to train its model and promised to pay them for it, but months later that has not changed, according to a new report. Bloomberg detailed that the company promised employees $420 for the documents…...
Xi Jinping Tells U.S. CEOs that China Will 'Open Wider' To Business During Trump Visit | IBTimes
3+ mon, 2+ week ago (291+ words) Chinese President Xi Jinping told a group of U.S. business leaders, including Tesla CEO Elon Musk and Apple CEO Tim Cook that China's market will "only open wider and wider" as part of President Donald Trump's visit to Beijing. The business…...