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Elon Musk Moves SpaceX and X HQs to Texas, Sparking Clash with Newsom
1 year ago•Source: USA TODAY
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3.71 min•1 year ago
"Google Nears Record $23B Acquisition of Cybersecurity Firm Wiz"
Alphabet's $23 billion bid to acquire cloud cybersecurity firm Wiz is likely to face scrutiny from US regulators regardless of the outcome of the upcoming presidential election. Both the current Biden administration and a potential second Trump administration have shown interest in addressing antitrust issues in the tech sector. The regulatory review process could delay the acquisition into next year, with potential legal challenges and demands for concessions from Alphabet. The deal may also attract scrutiny from international regulators, adding further complications.
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Elon Musk Relocates SpaceX and X HQs to Texas, Citing California Law
Originally Published 1 year ago — by Los Angeles Times
Elon Musk announced that he is moving the headquarters of SpaceX and the social media platform X (formerly Twitter) from California to Texas, citing dissatisfaction with California's new state law on student gender identity and other business challenges. This move follows Musk's earlier relocation of Tesla's headquarters to Texas and marks a significant shift for SpaceX, which has deep roots in Southern California.
Elon Musk Relocates SpaceX and X to Texas Over California Gender Law
Originally Published 1 year ago — by New York Post
Elon Musk announced that SpaceX and social media site X will move their headquarters from California to Texas, citing California's new student gender identity law as the "final straw." The law prevents schools from requiring teachers to notify parents about changes in a student's gender identity without the child's permission. Musk criticized the law for undermining parental rights and said it would drive families and companies out of California.
Elon Musk Relocates SpaceX and X Headquarters to Texas
Originally Published 1 year ago — by TechCrunch
Elon Musk announced plans to move the headquarters of SpaceX from California to Texas, specifically to Starbase, and to relocate the headquarters of his social media platform X from San Francisco to Austin. Musk cited dissatisfaction with California's policies and environment as reasons for the move. This follows Tesla's earlier headquarters move to Texas and other corporate shifts Musk has made. Texas Governor Greg Abbot praised the decision, highlighting Texas's growing role in space exploration.
Elon Musk Relocates SpaceX and X to Texas, Citing California Law
Originally Published 1 year ago — by Forbes
Elon Musk announced that SpaceX and X (formerly Twitter) will move their headquarters from California to Texas, citing a new California law that prevents schools from requiring employees to notify parents if students request to use different pronouns. Musk criticized the law and previous regulations, stating they attack families and companies. SpaceX will relocate to Starbase near Brownsville, Texas, while X will move to Austin.
Elon Musk Relocates SpaceX and X HQs to Texas Over CA Trans Law
Originally Published 1 year ago — by CNBC
Elon Musk announced that SpaceX and X (formerly Twitter) will move their headquarters from California to Texas, citing a new California law on transgender student privacy as the final straw. Musk criticized the law and previous regulations, claiming they attack families and companies. This follows Musk's earlier move of Tesla's headquarters to Texas and his recent political endorsements.
Top Investor Predicts Nvidia's Market Cap to Hit $50 Trillion in a Decade
Originally Published 1 year ago — by Yahoo Finance
Nvidia's market cap has surged from $1.1 trillion to $3.1 trillion in a year, and early tech investor James Anderson suggests it could reach $50 trillion if AI continues to thrive. While some experts are skeptical, Nvidia's dominance in the AI chip market and its significant role in the tech industry suggest continued growth, though the long-term sustainability remains uncertain.
Top Investor Predicts Nvidia's Market Cap to Hit $50 Trillion in a Decade
Originally Published 1 year ago — by Fortune
Nvidia's market cap has surged from $1.1 trillion to $3.1 trillion in the past year, and tech investor James Anderson predicts it could reach $50 trillion if AI continues to thrive and Nvidia maintains its lead. While some experts are skeptical, citing past tech bubbles and the current AI market's limitations, others believe Nvidia's dominance in the GPU market and growing AI demand could sustain its growth for the next few years.
UK Probes Microsoft's Hiring of Inflection AI Staff
Originally Published 1 year ago — by The Verge
The UK's Competition and Markets Authority (CMA) has launched a phase one investigation into Microsoft's hiring of Inflection AI staff, which could impact Microsoft's AI ambitions if it progresses to a second phase. Microsoft argues that hiring talent should not be treated as a merger and is cooperating with the CMA. This investigation follows increased scrutiny of AI partnerships and investments by Big Tech in the UK and EU.
UK Probes Microsoft Over Hiring Inflection AI Staff
Originally Published 1 year ago — by CNBC
The UK's Competition and Markets Authority (CMA) is investigating whether Microsoft's hiring of Mustafa Suleyman and other key employees from AI startup Inflection constitutes a merger that could reduce competition in the AI sector. The CMA will decide by September 11 whether to proceed with a more in-depth "Phase 2" investigation. Microsoft maintains that the hiring promotes competition and is not a merger.
Google's $23B Wiz Acquisition to Boost Cloud Security
Originally Published 1 year ago — by CTech
Wiz, an Israeli cybersecurity company, has been acquired by Google for $23 billion, shifting from its initial IPO plans. While some lament the missed opportunity for a local IPO and the potential tax benefits for Israel, the acquisition underscores Wiz's success and sets a new standard for revenue multipliers in the tech sector. The deal also highlights the influence of major investors and the evolving dynamics of the tech industry.