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The Latest Breaking News from David Faber

Musk Blames 'Legacy Media Propaganda' for Americans Turning on Him: 'I've Never Harmed a Single Person'

Billionaire Elon Musk stated that "legacy media propaganda" has misrepresented many of his political views in order to earn him public backlash.

Latin Times

Speculation mounts that Musk will raise tens of billions for AI supercomputer with 1 million GPUs: Report

Elon Musk is reportedly seeking to raise up to tens of billions of dollars for xAI as part of an effort to revalue the company at $150 billion — $200 billion and fund the Colossus 2 supercomputer project with one million GPUs.

Tom’s Hardware

ChatGPT is refusing to say five things – and OpenAI won’t explain why

‘David Faber’, ‘Brian Hoods’, ‘Jonathan Turley’ and ‘Jonathan Zittrain’ are among the names that remain unsayable for AI tool

The Independent UK

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Elon Musk raises $6 billion for xAI’s Memphis data center; will purchase 100,000 Nvidia chips to boost Tesla’s full self-driving capabilities

Elon Musk raises $6 billion to buy 100,000 Nvidia chips for xAI’s Memphis data center

TechRadar

CNBC’s Jim Cramer faces backlash for telling viewers who care about their paycheck to ‘go with Trump’

‘Welp I’m voting Kamala now because this guy is always wrong,’ one X user wrote

The Independent UK

Paramount, Skydance Reach Merger Agreement: Report

Once the deal is closed, two-thirds of Paramount would be co-owned by Skydance and RedBird.

International Business Times

And end in sight? Striking writers and Hollywood studios resume negotiations for second day

Hollywood studios and striking screenwriters are resuming negotiations for the second day in a row Thursday

The Independent UK

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Inside the structure of Disney and Comcast’s complicated Hulu deal—and why it’s pivotal to Bob Iger’s turnaround plan

The importance that Iger accords Hulu as a linchpin in its revival playbook puts Comcast in a strong position to squeeze Disney.

Fortune

Top Takeaways From Tesla's 2023 Shareholder Meeting

Tesla held its 2023 Annual Shareholders Meeting at Giga Texas, during which the company highlighted upcoming news and voted to add to its board of directors.

InsideEVs

Elon Musk has regrets about ChatGPT. He says he's a 'huge idiot' for letting go of OpenAI.

The Tesla CEO insisted “I am the reason OpenAI exists.” He even got self-pitying. “Man, fate loves irony next level.” He also talked about his ex-friend, Larry Page

Fortune

Elon Musk may be becoming a risk to his own investors

The Tesla CEO seemingly ignored evidence pointing to white supremacy behind the shooting rampage in Allen, Texas, even as Israel warned that Musk is inciting anti-semitism over his incendiary Soros remarks.

Fortune

Elon goes off rails on white supremacy

In wide-ranging CNBC interview, Tesla/Twitter magnate appears to embrace conspiracy theories on Soros, mass shooter

Salon

Musk will resign as Twitter CEO and focus on engineering teams

Elon Musk confirmed he will step down as chief executive officer of Twitter Inc. after finding a successor, though he plans to retain control over the company’s engineering teams.

Tribune News Service

Musk is looking for a new Twitter CEO after losing poll

Elon Musk is looking for a new chief executive officer for Twitter Inc., according to a person familiar with the search, after the billionaire lost a straw poll he posted on the social media site that asked whether he should relinquish his role as head of the company.

Tribune News Service

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Tribune News Service

Musk actively seeking new CEO after losing poll, CNBC says

Elon Musk is actively searching for a new chief executive officer for Twitter Inc., CNBC’s David Faber reported, after the billionaire lost a straw poll he posted on the social media site that asked users whether he should relinquish his role as head of the company.

The Independent UK

After West Virginia opioid verdict, another case postponed

The trial for a lawsuit accusing three major U.S. drug distributors of causing a health crisis throughout West Virginia has been postponed

Benzinga

Benzinga Before The Bell: Record Inflows In 'Short Bitcoin' Funds, Elon Musk's Trillionaire Possibility, Gmail's Political Bias And Other Top Financial Stories Tuesday, July 5

Reuters

WEKU

A federal judge sides with 3 major drug distributors in a landmark opioid lawsuit

The lawsuit accused them of causing a health crisis by distributing 81 million pills over eight years in one West Virginia county ravaged by opioid addiction.

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The Independent UK

WVa opioid trial verdict still pending nearly a year later

Last July, a federal judge in West Virginia heard closing arguments in the first lawsuit to go to trial over the U.S. opioid addiction epidemic

Motor1

Rivian Stock Tumbles On News That Ford Is Selling 8 Million Shares

An unknown seller is also selling a Rivian share block between 13 million and 15 million.

Benzinga

Tesla Chief Likely To Take Over As Temp Twitter CEO: CNBC

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

InsideEVs

Musk Raises $7.1B From Investors, May Become Twitter Interim CEO

The $7.1 billion to fund the acquisition of Twitter sees Elon Musk's margin loan against his shares in Tesla reduced from $12.5 billion to $6.25 billion.

The Independent UK

An opioid-ravaged West Virginia town awaits trial verdict

It’s been six months since closing arguments were held in the first lawsuit over the U.S. addiction epidemic to go to trial

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