Elon Musk denies AI startup has raised $500M of $1B goal
Barney & Co. host Stuart Barney responded to a Wall Street Journal report detailing the Tesla CEO's drug habit. Billionaire Elon Musk denied his remarks. Artificial intelligence (AI) xAI has secured commitments to reach half of its $1 billion investment goal. “This is not accurate at all.” Mr Musk wrote It was posted on X […]
Elon Musk demands 25% voting control at Tesla before fulfilling AI goal
Tesla CEO Elon Musk will resist building Tesla into a leader in artificial intelligence and robotics unless he has at least 25% voting power, nearly double his current shareholding. He said there is. In a post on social media platform “It's not as good as it should be.” Tesla wants its products to be manufactured […]
Fed is within ‘striking distance’ of inflation goal, top official says
Federal Reserve President Christopher Waller said he is “increasingly confident that the central bank's annual inflation target of 2% is within range.” Waller said in a speech at the Brookings Institution that the Fed is on track to cut interest rates this year unless inflation accelerates. Inflation topped 9% in June 2022, well above the […]