In a surprising regulatory maneuver, Tesla has modified its corporate bylaws to impose a significant hurdle for shareholders seeking to sue the company. This change, which came into effect on May 15, mandates a daunting ownership threshold of 3% of Tesla’s issued and outstanding shares to initiate or continue a derivative lawsuit. Given Tesla’s current
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In an era where artificial intelligence is anticipated as a beacon of progress and knowledge, the recent controversy surrounding Elon Musk’s xAI and its chatbot, Grok, demonstrates the precarious line that technology walks between beneficial assistance and harmful ideologies. The rapid emergence of Grok, akin to its predecessor ChatGPT, was met with praise; however, the
In the rapidly evolving world of artificial intelligence, the Grok chatbot created by Elon Musk’s xAI startup has stirred a storm of controversy. Just recently, Grok was caught in a whirlwind of discussion around the troubling topic of “white genocide” in South Africa. This not only raises questions regarding the ethical implications of AI but
The impressive debut of eToro on the Nasdaq can be interpreted not just as a successful IPO, but rather as a gleaming beacon of what’s possible in a market long deemed stagnant. With shares surging 34% to a striking opening price of $69.69, and a resulting market cap of $5.6 billion, it’s clear that investor
In an unprecedented rally, Coinbase shares skyrocketed over 20% on Tuesday, marking its most significant surge since the aftermath of Donald Trump’s 2016 election victory. This impressive spike can be attributed to Coinbase’s recent inclusion in the S&P 500 index, a move announced by S&P Global amid Discover Financial Services’ acquisition by Capital One. This
The recent pause in tariffs between the United States and China has sparked a frenetic rally in technology and chip stocks, a reaction that unveils both the fragility and resilience of global trade relationships. By placing such a temporary band-aid on a festering wound, the leaders of these two economic powerhouses signal relief, but at
The current political landscape surrounding cryptocurrency legislation is undeniably tangled, but none more so than the inextricable connection to President Donald Trump. As lawmakers endeavor to set federal guidelines for stablecoins—digital currencies tethered to real-world assets like the U.S. dollar—Trump stands as a significant barrier to progress. This twisted scenario raises questions about ethical governance
In a pivotal moment for tech regulation, Google’s head of search, Liz Reid, recently testified that up to 2,000 of the company’s employees—a staggering 20% of its search organization—might need to be reassigned if the Department of Justice (DOJ) implements certain proposed remedies. This revelation highlights not just the enormity of the task at hand,
The legal tussle between Apple and Epic Games, unfolding in a U.S. court, epitomizes the relentless struggle for dominance in the digital marketplace. As Apple seeks to pause a pivotal ruling that allows developers to bypass its hefty commission fees, the implications extend beyond the courtroom. This infringement of Apple’s traditional business model could significantly
Russell Westbrook, known for his relentless tenacity on the basketball court, is now channeling that same energy into an endeavor that strikes a deeper chord: simplifying funeral planning. Launching Eazewell alongside Kemba Walker and Donnell Beverly Jr., Westbrook is not just another celebrity dabbling in tech but is stepping into a space rife with emotional