Three weeks ago, Elon Musk’s AI company, xAI, revealed it raised $20 billion in a Series E funding round. Now, we know Tesla is among its investors. Tesla disclosed in a letter to shareholders on Wednesday that it invested $2 billion in xAI, the startup behind the Grok chatbot that also owns Musk’s social media … Read more
The US Federal Reserve voted to leave interest rates unchanged on Wednesday, a decision that was widely anticipated by investors. While the move signals a pause for now, market commentators suggest a path toward monetary easing could still emerge indirectly. Members of the Federal Open Market Committee (FOMC) voted to hold the federal funds rate … Read more
As Heated Rivalry fans patiently await a second season of LGBTQ hockey romance, Hudson Williams wants to show off his range. The actor, who plays closeted Montreal Metros captain Shane Hollander on the Crave/HBO Max series, recently teased what other projects he has on the horizon, explaining that he doesn’t “want every role to be … Read more
Elon Musk’s X is the latest social network to roll out a feature to label edited images as “manipulated media,” if a post by Elon Musk is to be believed. But the company has not clarified how it will make this determination, or whether it includes images that have been edited using traditional tools, like … Read more
Tesla just reported its second consecutive year of declining revenue and profits, further complicating Elon Musk’s $1 trillion effort to transform his company into a leader in AI and robotics. Meanwhile, the global EV market continues to grow, seemingly in spite of the pioneering company’s setbacks. Tesla said it earned $840 million in net income … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s annual revenue declined for the first time in 2025 as President Donald Trump’s policies and a consumer backlash to chief executive Elon Musk’s political activism weighed on its sales of electric cars. Revenue decreased … Read more
paceX is reportedly lining up four major Wall Street banks for a 2026 IPO that could provide the reset the market needs. The company just completed a tender offer at an $800 billion valuation, and secondary market demand is through the roof. If SpaceX goes public anywhere near its rumored $1.5 trillion valuation, it could trigger an IPO cascade for other late-stage unicorns like OpenAI, Stripe, and Databricks. Watch as Equity host Rebecca Bellan … Read more
Rhiannon Hainds and Chaysen Rathert’s first meeting felt straight out of a movie. It was the summer of 2023, and Rhiannon was on a girls’ trip in St. Tropez. “I was at a state where I was finally at peace being alone and knew that someday the right love would find me,” the Atlanta-based anesthetist … Read more
Google is launching a new “auto browse” feature inside Chrome that can perform multi-step tasks on your behalf. The Gemini AI-powered capability is coming to Google AI Pro and Ultra subscribers in the US, and can do things like research hotel and flight costs, schedule appointments, fill out online forms, manage subscriptions, and more. Google … Read more
Ripple has expanded its push into enterprise finance with the launch of a corporate treasury platform that combines traditional cash management tools with digital asset infrastructure. According to a blog post on Tuesday, the platform combines GTreasury’s treasury management software with Ripple’s blockchain and stablecoin rails, allowing companies to manage cash, payments and liquidity from … Read more