With stock purchase, Elon Musk signals confidence in Tesla’s robotaxi
In a move that boosted Tesla’s stock in midday trading on Monday, it was revealed that Chief Executive Elon Musk purchased approximately $1 billion worth of the company’s shares. The…
Trump seems to claim TikTok deal ahead of Wednesday deadline
President Trump, who years ago led the charge to ban TikTok from the U.S., seemed to claim credit for saving it in a move he said should delight young voters.…
xAI lays off 500 AI tutors working on Grok
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot. The layoffs were earlier reported by Business Insider.…
California’s Punjabi truckers say they’re being harassed after deadly Florida wreck
For 15 years, Sumit Singh has hauled freight to and from Los Angeles ports and across the country. For the first time, though, the Punjabi Sikh truck driver is now…
As tax credits expire, Rivian cuts 1.5% of its workforce
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The electric truck and sport-utility vehicle manufacturer…
Anthropic’s $1.5-billion settlement signals new era for AI and artists
Chatbot builder Anthropic agreed to pay $1.5 billion to authors in a landmark copyright settlement that could redefine how artificial intelligence companies compensate creators. The San Francisco-based startup is ready…
Warner Bros. Discovery sues AI firm for Batman, Superman copyright infringement
Warner Bros. Discovery has joined a key copyright infringement case that could test the legal bounds of using artificial intelligence to create digital replicas of well-known characters. The company on…
Tech executives, but not Elon Musk, to attend White House dinner
President Trump is scheduled to dine with tech executives from Apple, Meta, Google and OpenAI on Thursday night at a White House event in the newly renovated Rose Garden. The…
Job cuts jump 66% year to date; DOGE, uncertainty, AI are big factors
Job cuts so far this year have already surpassed the total for 2024, as government cost-cutting, economic uncertainty and AI have prompted employers to reduce staff. California and the tech…
Contributor: Why is California losing good jobs to other states? It’s not rocket science
For a century, it worked, and brilliantly. The “California model” rested on massive investments in higher education, development of industrial zones in places such as the South Bay and Silicon…