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Elon Musk says he may “ban” Apple devices at his companies after OpenAI announcement

Musk called the move “unacceptable” and followed up with several Tweets blasting the xAI competitor.

Jack Morse

Elon Musk criticized Apple, saying the iPhone maker’s newly announced deal with OpenAI could represent a privacy and security threat to his six companies.

“If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies,” wrote the CEO. “That is an unacceptable security violation.”

Apple on Monday said it planned to integrate AI features into its latest iOS, and that a new partnership with OpenAI would supercharge the effort. 

Musk — who owns xAI, an OpenAI competitor valued at $24B — clearly wasn’t excited about the deal.

“It’s patently absurd that Apple isn’t smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy,” he wrote. “Apple has no clue what’s actually going on once they hand your data over to OpenAI. They’re selling you down the river.”

Unlike, presumably, xAI.

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Rani Molla
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As Big Tech chases enterprise AI, Meta and Apple double down on small businesses

Apple and Meta are playing to their strengths in small business.

An illustration of communication between employees in various departments
$75B
Rani Molla

SpaceX, which could file confidential paperwork for its IPO as soon as this week, is now aiming to raise an astounding $75 billion through its pubic listing, The Information reports. That’s 50% higher than previous reports.

For comparison’s sake, the current record holder for money raised in an IPO is Saudi Aramco, which raised $29.4 billion. Or, as The Information noted, SpaceX’s IPO would “surpass all money raised by US IPOs last year.”

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Rani Molla

Meta execs could make hundreds of millions of dollars — if the company reaches a $9 trillion valuation

Meta, which currently has a market cap of $1.5 trillion, has structured a new executive compensation program that implies a valuation up to 6x higher, according to Securities and Exchange Commission filings reported by The Wall Street Journal.

That means some top executives, like CTO Andrew Bosworth and CFO Susan Li, could gain hundreds of millions of dollars if the shares reach those levels, pointing to a roughly $9 trillion valuation by 2031. CEO Mark Zuckerberg is not part of the program, the company confirmed.

The company’s expenses grew 40% in the fourth quarter from a year earlier, largely driven by employee compensation after shelling out heavily to recruit AI talent. The latest plan suggests those costs could climb even further.

Meta Targets $9 Trillion Valuation With New Executive Incentive Program

Meta Targets $9 Trillion Valuation With New Executive Incentive Program

That means some top executives, like CTO Andrew Bosworth and CFO Susan Li, could gain hundreds of millions of dollars if the shares reach those levels, pointing to a roughly $9 trillion valuation by 2031. CEO Mark Zuckerberg is not part of the program, the company confirmed.

The company’s expenses grew 40% in the fourth quarter from a year earlier, largely driven by employee compensation after shelling out heavily to recruit AI talent. The latest plan suggests those costs could climb even further.

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Jon Keegan

New Mexico jury orders Meta to pay $375 million in child sexual exploitation trial

Meta has been ordered to pay $375 million in civil penalties by a New Mexico jury after the company was found to have violated state consumer protection laws by enabling child sexual exploitation. Meta was accused of failing to protect underage users from adults seeking to harm them, which led to real-world abuse.

Meta has denied the allegations, and spokesperson Andy Stone posted on Threads:

“We respectfully disagree with the verdict and will appeal. We work hard to keep people safe on our platforms and are clear about the challenges of identifying and removing bad actors or harmful content. We will continue to defend ourselves vigorously, and we remain confident in our record of protecting teens online.”

Jury orders Meta to pay $375 mln in New Mexico lawsuit over child sexual exploitation, user safety

Jury orders Meta to pay $375 mln in New Mexico lawsuit over child sexual exploitation, user safety

Meta has denied the allegations, and spokesperson Andy Stone posted on Threads:

“We respectfully disagree with the verdict and will appeal. We work hard to keep people safe on our platforms and are clear about the challenges of identifying and removing bad actors or harmful content. We will continue to defend ourselves vigorously, and we remain confident in our record of protecting teens online.”

tech
Jon Keegan

Reports: OpenAI winding down Sora as Altman focuses on data centers

The Wall Street Journal and The Information report that OpenAI is discontinuing its once viral Sora text-to-video generation app.

Sora debuted late last year and started off scorching hot, but quickly lost steam.

Per The Information report, CEO Sam Altman has told staff he is shifting responsibilities to focus on building data centers. He also will no longer directly oversee OpenAI’s safety and security teams. Altman shared with staff as well that initial development of OpenAI’s next AI model — code-named “Spud” — has been completed.

Exclusive | OpenAI Set to Discontinue Sora Video Platform App

Exclusive | OpenAI Set to Discontinue Sora Video Platform App

Per The Information report, CEO Sam Altman has told staff he is shifting responsibilities to focus on building data centers. He also will no longer directly oversee OpenAI’s safety and security teams. Altman shared with staff as well that initial development of OpenAI’s next AI model — code-named “Spud” — has been completed.

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