Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday. Both companies are privately held, which means they are not required to disclose their finances to the public. Musk said in a post on X that the move will […]
US immigration officials look to expand social media data collection
U.S. immigration officials are asking the public and federal agencies to comment on a proposal to collect social media handles from people applying for benefits such as green cards or citizenship, to comply with an executive order from President Donald Trump. The March 5 notice raised alarms from immigration and free speech advocates because it […]
CEO of fast-fashion brand Primark steps down after allegations of bad behavior in social situation
The chief executive of Primark, one of Europe’s biggest fast fashion retailers, has resigned after an investigation into his behavior toward a woman in a social environment. Paul Marchant, Primark’s CEO since 2009, has apologized to the individual involved and resigned with immediate effect, the company said Monday. Shares in Primark’s parent, Associated British Foods, […]
China’s telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei said Monday its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies. Huawei Technologies reported 62.6 billion yuan ($8.6 billion) in net profit last year, down from 87 billion yuan the year before. Its revenue jumped 22% to $118.2 billion, with […]
European countries resist US push to scrap diversity and inclusion initiatives
U.S. government efforts to eliminate diversity initiatives are not going down well on the European continent. Laurent Saint-Martin, France’s minister for foreign trade, said the country won’t compromise after the U.S. State Department demanded French companies drop diversity, equity and inclusion initiatives. In neighboring Belgium, where some companies reportedly received similar requests, the government lashed out […]
