The FinTech Hub
Source: The Verge OpenAI is working on its own X-like social network, according to multiple sources familiar with the matter. While the project is still in early stages, we’re told there’s an internal prototype focused on ChatGPT’s image generation that has a social feed. CEO Sam Altman has been privately asking outsiders for feedback about…
Source: The Verge The United Kingdom is preparing to respond to the series of tariffs President Donald Trump has introduced since taking office. New taxes on everything from pure-bred horses to bourbon are on the table, but the Labour government seems more interested in a conciliatory approach, and it’s considering sacrificing a popular tax on…
Source: The Verge @xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and…
Source: The Verge X’s director of engineering, Haofei Wang, has suddenly left the company, according to sources with knowledge of the matter. Wang first joined Elon Musk’s X in July 2023 and has been an integral part of the company’s leadership, often serving as a conduit between Musk and the rest of the company’s engineers….
Source: The Verge The nonprofit Media Matters for America filed suit against X this week, accusing Elon Musk’s social media company of “harassment” and Musk of a “globetrotting litigation campaign against Media Matters.” The media watchdog group says it has spent millions of dollars to defend itself in court, and is suing for damages. It’s…
Source: The Verge The X social media platform has been up and down all morning, with brief but repeated outages preventing posts from loading across both mobile and desktop. The first widespread issue started at around 5:40AM ET this morning, according to Downdetector, leaving timelines consistently unable to refresh on mobile apps and some X…
Source: The Verge The Senate voted on Wednesday to strip a key financial regulator of its ability to monitor digital platforms like X, as the social media company’s owner, Elon Musk, has become the public face of the government office seeking to shrink the agency’s workforce. With the CFPB’s digital authority now in danger, two…
Source: The Verge Elon Musk’s xAI unveiled Grok-3 on Tuesday, announcing that the new artificial intelligence model has “more than 10 times” the compute power of its predecessor. xAI said its latest flagship outperforms OpenAI’s GPT-4o, Google’s Gemini, and DeepSeek’s V3 models in early testing, and now features “advanced reasoning” capabilities. So-called reasoning models are…
Source: The Verge X users are currently unable to post links to Signal.me, which are used to quickly and securely send direct messages to Signal users. A variety of failure notifications are being reported when X users attempt to post Signal links on the platform, some of which identify the blocked message as containing spam,…
Source: The Verge Elon Musk’s X has agreed to pay President Donald Trump “about $10 million” to settle his lawsuit against Twitter, reports The Wall Street Journal. The settlement would come on top of an estimated $250 million that Musk, who now seemingly has broad authority over government agencies as the head of DOGE, put…
