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Meta's stock sags under the weight of aggressive AI spending

Meta has been spending insistently to compete on AI against other tech peers like Microsoft and Alphabet.

Kurt Wagner

Developers at Elon Musk's X test NSFW content and communities features

The use of adult content on X may be another way for the platform to differentiate itself.

29.03.2024 20

Kurt Wagner

Elon Musk’s X vows 100-person content moderation office in Texas days before CEO to testify on child safety online

Musk has been criticized for cutting back on X’s trust and safety operations since taking over the company in October 2022.

Kurt Wagner

Elon Musk’s X just made a major reversal by restoring news headlines in user posts after months of complaints

Removing the headlines made it more difficult to determine what news articles other users were sharing, or what links on the website directed to.

03.01.2024 10

Kurt Wagner

Elon Musk’s X is seeing ad revenue plunge by half from prior years and is expected to bring in just $2.5B this year

X was not profitable when Musk took over, but the company reported more than $5 billion in revenue the year before he acquired it.

Kurt Wagner

Elon Musk seeks to raise $1 billion for xAI, the ‘rebellious’ competitor to OpenAI

Musk split with OpenAI years ago and has since become a frequent critic of the company.

Kurt Wagner