Elon Musk cleared by FTC to acquire startup Mesh? Not quite. Here’s what actually happened

Elon Musk’s X has begun rolling out X Money to select Premium+ users, with the new payments service relying on Ripple banking partner Cross River Bank for its core banking infrastructure. According to announcements from X, the initial rollout introduces…

Elon Musk’s social platform X has begun rolling out its X Money payments service to select Premium+ subscribers, offering up to $10 million in federal deposit insurance through a new cash sweep program. A Tenfold-Plus Jump Over Standard Deposit Insurance The rollout extends X Money to higher-tier users and introduces what the company calls the […]

The memory chip price surge highlights the growing divide between thriving chipmakers and struggling tech consumers, impacting future investments. The post Elon Musk calls memory chip price jump biggest he’s seen appeared first on Crypto Briefing.

Musk's wealth drop highlights the volatility of tech investments and the risks of concentrated holdings, impacting market sentiment broadly. The post Elon Musk loses trillionaire status as SpaceX shares tumble nearly 30% appeared first on Crypto Briefing.

Space-based AI data centers could revolutionize computing infrastructure, challenging terrestrial centers and reshaping industry dynamics. The post SpaceX’s Starship enables Elon Musk’s AI orbital data centers appeared first on Crypto Briefing.

Elon Musk’s SpaceX raised $25 billion in its first-ever corporate bond sale, drawing nearly $90 billion in investor orders, less than two weeks after the company’s record-setting initial public offering (IPO). A Heavily Oversubscribed Debut SpaceX priced $25 billion of investment-grade notes on June 23, in what ranks as one of the largest debut corporate […]

The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in power A “centaur”, in automation theory, is a person assisted by a machine, and a “reverse centaur”, hero of Cory Doctorow’s new book, The Reverse Centaur’s Guide to Life After AI, is a “human who is conscripted into acting as an assistant to a machine”. Every warehouse worker who ever had to urinate in a water bottle because they couldn’t otherwise meet the fulfilment targets set by an algorithm is a reverse centaur. Reaching into the future, everyone who has to sit in a self-driving truck to make sure it doesn’t crash, presumably on minimum rather than truck-driver wages, is a reverse centaur; as is every lawyer no longer on lawyer’s money checking Gemini’s command of precedent, every indie band scraping a living doing covers of AI-generated hits, and so on. That, anyway, is the promise: AI is coming for your job, and it is coming for yo

Son's focus on terrestrial data centers highlights a strategic pivot towards maximizing ground-based AI infrastructure, challenging space-centric visions. The post SoftBank’s Masayoshi Son challenges Elon Musk’s orbital data center vision appeared first on Crypto Briefing.