John Nitti was considered a contender for CEO of the social media platform after Linda Yaccarino quit in July
Ex-chiefs had sued the billionaire for more than $128mn after they were fired following the platform’s takeover
Anthony Armstrong will take over financial management for both the AI group and social media platform X
Billionaire owner outlines plans to improve advertising on social media platform in rare overture to marketers
The quest for superintelligence is spurring a data centre boom, but critics question whether the scale is truly necessary
Customer information is either a private asset or a public good
Lawmaker reported allegations over moderation and rightwing content on social media platform
Secretive tech investment group has racked up gains after backing companies such as SpaceX and xAI
EU was expected to finalise its investigation before the bloc’s summer recess but will now miss this deadline
Inside the former social media CEO’s tumultuous partnership with the world’s richest man
Former NBCUniversal executive leaves Elon Musk’s social media platform after two years
Incident follows xAI bot sharing ‘white genocide’ tropes in response to unrelated questions
Foray into financial services could include introducing credit or debit card, CEO Linda Yaccarino says
The White House is fighting court rulings halting Trump’s ‘liberation day’ tariffs
Trump’s election helped revive loans that once threatened to hit banks with big losses
Grok answered users’ queries on completely unrelated matters with responses about South African race relations
Billionaire backs case brought by Coinbase client whose data was surrendered to authorities
Marketers want to avoid being seen as boycotting billionaire’s social media platform
Billionaire entrepreneur says social media platform and AI group will share data and computational power
Also in this newsletter: X sues the government over ‘censorship’ and Viswanathan Anand’s mantra
Social media group is valued at $44bn, matching the price the billionaire paid in 2022
The number can be tailored to suit the occasion
Social media site was valued at less than $10bn in September
Outage is latest trouble for world’s richest man’s business interests since he joined the Trump administration
Billionaire’s xAI start-up creates model with fewer ‘guardrails’ on adult content, seeking to differentiate itself from OpenAI
