The FinTech Hub
Source: The Verge Companies have been cutting costs. | Photo by Natt Garun / The Verge Over the last couple years, it feels like we’ve heard news of mass layoffs and hiring freezes from tech companies nearly every week, and since the beginning of 2024, there’s been a new wave of layoffs and firings. In…
Source: The Verge The National Transportation and Safety Board will only update the press about the plane crashes in Washington, DC and Philadelphia on X — not over email, as reported earlier by The Desk. The agency announced on Saturday that it will use its @NTSB_Newsroom account to share ”news conferences or other investigative information.“…
Source: The Verge The Federal Aviation Administration is facing its first major aviation disaster in 16 years without a leader because Elon Musk helped push him out. Michael Whitaker stepped down as FAA administrator on January 20th, the day of Donald Trump’s inauguration, after clashing with Elon Musk, who’s company SpaceX is regulated by the…
Source: The Verge For years, Tesla CEO Elon Musk has been promising an affordable electric vehicle, likely priced at $25,000, as a way to broaden the appeal of plug-in vehicles. He first mentioned it in a 2018 interview with YouTuber Marques Brownlee, saying “a $25,000 car, that’s something we can do.” Then in 2020, at…
Source: The Verge Tesla will launch an “unsupervised, no one in the car” robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday. “We just want to put a toe in the water, make sure everything’s okay, put a few more toes in the water, with safety of the general…
Source: The Verge It’s one week into Elon Musk’s new role as chief cost-cutter for the Trump administration, but today, his side hustle as CEO of Tesla takes center stage with the release of the company’s latest earnings report. During the fourth quarter of 2024, Tesla said it earned $2.3 billion in net income on…
Source: The Verge X is one step closer to finally launching its payments platform. According to X CEO Linda Yaccarino, the X Money service will debut “later this year” with Visa announced as its first partner. In her announcement, Yaccarino says the service will support “secure + instant funding to your X Wallet via Visa…
Source: The Verge On April 4th, 2022, we learned that Musk had purchased enough shares of Twitter to become its largest individual shareholder. Eventually, he followed up with an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20 each, or about $44 billion. Twitter accepted Musk’s offer, but then things got weird because…
Source: Live Mint In the matrix of digital assets and cryptocurrencies, US President-elect Donald Trump launched his own official Trump meme coin to mark the celebration of his 47th President of the United States win on January 18. Donald Trump launched the “$TRUMP” coin, which skyrocketed over 300 per cent after the launch on Saturday….
Source: Live Mint Elon Musk’s AI Grok: An American woman has revealed that Elon Musk’s AI chatbot, Grok, successfully recognised a fracture in her daughter’s hand after a doctor failed to identify it. The woman, AJ Kay, made the stunning claim on social media. Her claims have sparked a debate about the potential of AI…
