Tech stocks slump after AI execs call for industry slowdown
The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
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The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
SpaceX's stock closed the day at $160.95 after making its debut on the Nasdaq exchange.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
In a post on X Saturday, Musk offered to pay the salaries of TSA workers during the DHS shutdown.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
French officials search X's office in Paris and ask Elon Musk to answer questions about the platform amid a probe into its algorithms and AI functions.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
The pause will affect the hiring of international faculty and staff throughout the state's university system.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Britain's leader says all options on the table if Musk's X platform doesn't stop Grok AI tool being used to generate non-consensual sexualized images.
Grok, the chatbot developed by Elon Musk's company xAI, said it is fixing "lapses in safeguards" after social media users said it was generating sexualized photos of minors.
