Top court orders ban on Elon Musk’s X in Brazil

A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg.   Earlier this month, X closed its operations in Brazil in protest against court orders asking it to remove accounts that allegedly […]

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Dailyhunt parent VerSe’s valuation gets slashed 42% to $2.9B: investor note

Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation, according to estimates by its investor 360 One.  The wealth and asset manager disclosed in a June update to its investors that it values VerSe at $2.9 billion, according to an internal document reviewed […]

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X shareholders as of June 2023 included funds tied to Bill Ackman, Binance, and Sean ‘Diddy’ Combs

A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had already been reported as backers of Musk’s effort to buy the social media company then known as Twitter and take it private, including VC firms […]

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Do you know where your children are? Maybe on X

A surprising number of “iPad kids” — aka Generation Alpha’s 7- to 9-year-old demographic — are using X, according to new data from parental control software maker Qustodio. The firm found that over 30% of this group of children have an X account. Qustodio theorizes that X may be gaining the attention of this young […]

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The banks that loaned Musk $13B to buy Twitter might be having regrets

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the […]

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X says it’s closing operations in Brazil

X, the social media platform formerly known as Twitter, said today that it’s ending operations in Brazil, although the service will remain available to users in the country. The announcement comes amid a legal battle with Brazil’s Supreme Court justice Alexandre de Moraes, who sought to block certain accounts on X as part of an […]

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Meet Black Forest Labs, the startup powering Elon Musk’s unhinged AI image generator

Elon Musk’s Grok released a new AI image-generation feature on Tuesday night that, just like the AI chatbot, has very few safeguards. That means you can generate fake images of Donald Trump smoking marijuana on the Joe Rogan show, for example, and upload it straight to the X platform. But it’s not really Elon Musk’s […]

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xAI releases Grok-2, adds image generation on X

Elon Musk-owned launched Grok-2 and Grok-2 mini in beta today with improved reasoning. The new Grok AI model can now generate images on the X social network, though Grok access is currently limited to Premium and Premium+ users on X. xAI said that both Grok-2 and Grok-2 mini are available to users on X in […]

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Elon Musk’s X targeted with nine privacy complaints after grabbing EU users’ data for training Grok

X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European Union for training AI models without asking people’s consent. Late last month an eagle-eyed social media user spotted a setting indicating that X had quietly […]

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