Wednesday, August 6, 2025

Tesla, Elon Musk sued by shareholders over Robotaxi claims

Ilon Musk and Tesla face a lawsuit from shareholders. They allege securities fraud related to self-driving vehicles. The suit claims Tesla concealed safety risks. A recent robotaxi test showed vehicle malfunctions. Tesla's stock price dropped significantly after the test. Musk and Tesla are accused of overstating autonomous driving capabilities. The lawsuit seeks damages for shareholders during a specified period.

from Tech-Economic Times https://ift.tt/ALdKZ13

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...