Elon Musk invested $1 billion in Skydance, report says
Elon Musk has invested around $1 billion in new media company Skydance, according to a new report from Semafor. News of the investment comes weeks after Paramount completed its acquisition of Warner Bros. Discovery for $110 billion to create the combined…
Tesla driver using fully autonomous driving hits, kills man crossing I-80
A 71-year-old man was fatally struck by a Tesla operating in Full Self-Driving (FSD) mode while crossing I-80 in Vallejo, California, around 2:30 a.m. Thursday, reports the Chronicle of San Francisco. The California Highway Patrol’s media statement…
Market sell-off accelerates on Iran war and fears of high AI spending
U.S. stock markets fell sharply on Thursday as fears of renewed attacks on Iran by Israel and the United States sent oil prices higher and major technology stocks failed to hold on to recent gains. The S&P 500 was down 1.3% as of 2 p.m. ET, while…
Tesla, Meta, IBM: 3 earnings calls that left us thinking
Earnings season is in full swing, and Big Tech’s calls aren’t limited to the massive use of “superintelligence,” which some interpret as an attempt to please the White House after it reportedly hated the term “artificial…
Average long-term mortgage rate in the United States falls to 7.32%, first decline since late August
Mortgage rates fell this week for the first time since late August, easing some pressure on potential buyers facing higher borrowing costs on home loans. The benchmark 30-year fixed-rate mortgage fell to 7.32% from 7.40% last week, mortgage buyer Freddie…
Zuckerberg wins deal with Meta to help foot the bill for possible tax on California billionaires
Through the deal, he will receive more shares, more often, and will also be able to sell them on a quarterly basis, according to company financial filings. The actions won’t change his level of control over Meta, but they will make it easier for…
Moderna stock plummets 20% following cancer vaccine data leak
Moderna (MRNA) stock collapsed Thursday after a third party leaked purported cancer vaccine data ahead of a highly anticipated presentation Saturday at the European Society of Clinical Oncology congress. Representatives for Merck (MRK), Moderna’s…
A Skydance investment would give Elon Musk a whole new lever of power
In case the current media year couldn’t get any stranger, Elon Musk is coming along to ask us to hold his Diet Coke. With the biggest investigation into him ever already underway in theaters, we now have the news that Musk is writing big checks to…
Race to update services’ IT systems after cybersecurity breach discovered – BBC
Race to update services’ IT systems after discovery of cybersecurity flaw BBC Websites have been shut down around the world after AI discovered a critical flaw affecting 70% of the internet. CNN PHP2Shell: AI discovers critical RCE vulnerabilities…
Stock Market Today: Dow Jones Falls as Oil Prices Rise; Meta, Lam Research, Google Stock and Chips Sell Profits
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