Judge rejects Elon Musk’s bid to block OpenAI’s for-profit shift March 5, 2025 A US court has denied Elon Musk’s request to stop OpenAI from transitioning into a for-profit firm, a significant setback for the billionaire behind X. District Judge Yvonne Gonzalez Rogers ruled on Tuesday that Musk had not met the necessary criteria for a preliminary injunction. She cited “the public interest at stake and potential for [...]
Wayve: Nvidia, Uber and Softbank backed EV startup set for global expansion March 3, 2025 British artificial intelligence (AI) startup Wayve, which develops autonomous vehicle systems, has announced plans to accelerate its international expansion by launching a new hub in Stuttgart, Germany. Backed by tech giants Uber and Softbank, the self-driving firm is testing its AI-powered self-driving tech in Germany and the US and plans to secure partnerships with various automakers. [...]
Elon Musk is paying the price for mixing business with politics March 3, 2025 Tesla sales are collapsing in Europe as the public are put off by Elon Musk’s vocal support for Donald Trump. It’s an object lesson in how politics can come at a cost to business, says Eliot Wilson Last week it was reported that Tesla sales in Europe fell by 45 per cent in January compared [...]
Donald Trump announces 25 per cent tariffs on EU imports February 26, 2025 Donald Trump has announced he plans to slap 25 per cent tariffs on imports from the European Union (EU) into the US. The US President slammed the European trading bloc, claiming it was set up to “screw” America, and had “done a good job of it but now I am President”. His comments came as [...]
X looks to raise $44bn in valuation as Musk woos investors February 19, 2025 Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly known as Twitter, in 2022. Bloomberg News reported on Wednesday that talks for this new funding round remain preliminary, and that the terms could either [...]
PMQs: UK should impose ‘Tesla tariffs’ on US electric cars, Davey says February 12, 2025 The UK should impose “Tesla tariffs” on US electric cars produced by Elon Musk, after President Donald Trump announced higher taxes on steel imports, the Lib Dem leader has suggested. Sir Ed Davey called for the UK to retaliate – after Trump confirmed he would impose 25 per cent tariffs on all steel and aluminium [...]
Elon Musk’s Tesla tumbles as BYD plans to use DeepSeek February 12, 2025 Elon Musk’s Tesla is on a sharp downward spiral, shedding 16 per cent in just over a week after Chinese rival BYD announced plans to develop autonomous vehicles with DeepSeek. Coming into Wednesday trading, the EV giant dropped for its fifth consecutive day. Its shares have plummeted 32 per cent since mid-December, when the firm [...]
Musk brands Altman a ‘swindler’ after OpenAI rejects $100bn bid February 11, 2025 Elon Musk has branded Sam Altman a “swindler”, after the OpenAI boss rejected the Tesla founder’s $97.4bn offer to buy the artificial intelligence start-up he co-founded. Musk took much of the artificial intelligence world off guard when he led a consortium to table a speculative $97.4bn (£78.5bn) bid for OpenAI, one of the world’s most [...]
Filtronic shares soar as defence firm pens fresh deal with Elon Musk’s SpaceX February 10, 2025 British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk. The company won a contract with SpaceX, worth almost £17m for the financial years 2025 and 2026, according to the firm, which made the announcement to markets this morning. Filtronic, which designs and makes products [...]
Uber shares tumble despite ‘strongest quarter ever’ February 5, 2025 Uber shares tumbled on Wednesday despite boss Dara Khosrowshahi hailing its “strongest quarter ever” amid surging demand. The San Francisco-based firm reported a 20 per cent rise in revenue to $12bn (£9.7bn) over the three months ended 31 December. Total trips on its platform grew 18 per cent year-on-year to around 3.1bn. Khosrowshahi lauded the [...]