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Elon Musk's endorsement of an antisemitic conspiracy theory on X gathered steam Friday, as several major advertisers on his social media platform cut off their spending after his comments. The Walt Disney Co. said it was pausing spending on X, as did Lionsgate, an entertainment and film distribution company, and Paramount Global, a media giant that owns CBS. Apple, which spends tens of millions of dollars a year on X, also suspended advertising on the platform, a person with knowledge of the situation said. They followed IBM, which cut its spending with X on Thursday.

Elon Musk's social media platform X, formerly Twitter, in response to the billionaire's public endorsement of antisemitic talk points, as per a CNN report. Musk's controversial statements came at a time when Islamaphobia and antisemitism are on the rise in the US amid the Israel-Gaza war. This is the newest blow for Musk after Apple, Comcast, IBM, Lionsgate, NBCUniversal, Paramount, and Warner Bros.

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own tweets endorsing an antisemitic conspiracy theory

Elon Musk endorsed an anti-Semitic post on X that claimed «members of the Jewish community were stoking hatred against white people.» While news website Axios reported that Apple is pausing its advertisements, Bloomberg reported Lionsgate's move.

Fallout from an Elon Musk post endorsing Anti-semitic views continues to spread, prompting a rebuke from the White House and criticism from Tesla Inc. investors as advertisers flee his social media platform, X.

White House has issued a response to Elon Musk's recent amplification of a Twitter post that allegedly propagated an antisemitic conspiracy theory. White House spokesman Andrew Bates stated that repeating the appalling falsehood associated with the most egregious act of antisemitism in American history is unacceptable, especially just one month after the deadliest day for the Jewish people since the Holocaust. Bates was specifically referencing the 2018 Tree of Life synagogue shooting in Pittsburgh and the October 7 Hamas attack on Israel. Bates added that White House condemns the abhorrent promotion of antisemitic and racist hate in the strongest terms, which runs against the core values of Americans.” “You have said the actual truth,” Musk responded.

Elon Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, now known as X. In a document filed in federal court in San Francisco on Thursday, the SEC defended its efforts to compel Musk's testimony, saying agency officials are acting within their authority. Also Read |Elon Musk denies report of Starlink IPO plans, calls it 'false' The SEC last month said it was investigating Musk's 2022 purchases of stock in Twitter -- which Musk subsequently renamed X -- and his statements and SEC filings relating to his takeover of the social media giant.

Elon Musk has denied a report that his rocket company was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. Musk called the report 'false' on the social media platform X, saying SpaceX had been moving the unit's assets to a wholly owned unit that would ultimately be spun off. Elon Musk's SpaceX will be worth half-a-trillion dollars by 2030: Billionaire investor explains why SpaceX has an estimated value of $150 billion and was the first private company to send humans into orbit.

Elon Musk are some of the high-profile names who are expected join the dinner hosted for US President Joe Biden and Chinese President Xi Jinping in San Francisco. The dinner which is being hosted by National Committee on US China relations and US-China Business Council will take place during the 30th Asia Pacific Economic Cooperation (APEC) summit on Wednesday. The forum is expected to witness hundreds of business leadeers from various fields like banking and technology attending while President Xi could also make a speech, reported CBS News.

Elon Musk dismissed a report that stated SpaceX is discussing spinning off Starlink via an initial public offering as soon as 2024.

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.

Narendra Modi-led government was considering tax cuts on the import of completely built units of electric vehicles for up to five years. The policy would also allow international car manufacturers – such as Tesla – to import battery-powered vehicles on concessional duty rates if they commit to eventually building them in India. The report however indicated that a final decision was yet to be taken on the contours of the policy.

Elon Musk's X has not paid a fine imposed for failing to outline its plans to stamp out content depicting child sexual abuse on the platform, Australia's internet safety watchdog told AFP on Tuesday. Last month, eSafety commissioner Julie Inman Grant slapped an Aus$610,500 (US$388,000) fine on the company formerly known as Twitter for failing to respond to questions she sent in February, criticising the company's «empty talk» on the issue.

Tesla CEO Elon Musk has apologised to India's commerce minister Piyush Goyal for not being able to be with him during a visit to the company's factory in Fremont, California. The billionaire said it was an "honour" to have Goyal visit the Fremont plant and expressed optimism about meeting the minister at a later date.

Piyush Goyal on Tuesday visited Elon Musk's Tesla manufacturing facility in Fremont, California, where he heaped praise on the electric vehicle company and highlighted India's role in contributing to Tesla's remarkable journey. The Union Minister is currently on a four-day visit to the US, which began on 13 November, to attend the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting and the Asia-Pacific Economic Cooperation (APEC) Summit. Goyal wrote about his visit to Tesla's Fremont factory on X, noting that the "state-of-the-art" manufacturing facility also employs many talented Indian engineers and financial professionals.

The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project.

Elon Musk's Tesla, which has made the tax break a precondition for setting up its manufacturing plant in the country, the Financial Times reported. According to the Financial Times report, Tesla has sought an initial concession on customs duty levied on imported cars in India.

Elon Musk, known for leading Tesla, SpaceX, and X (formerly Twitter), has revealed that playing video games is his primary method of destressing. In a recent podcast episode with Lex Fridman, Musk shared that engaging in video games calms his mind, stating, "Killing the demons in a video game calms the demons in my mind." Musk also said he finds video games enjoyable and appreciates the artwork, storylines, and puzzle-solving aspects. Also Read: What Elon Musk's ‘Age of Abundance’ means for the future of capitalism Musk emphasised the significance of video games in his life, stating, "I’ve played a lot of video games because it’s my primary recreational activity." Musk highlighted the enjoyment of getting into a state of flow while playing challenging video games.

The launch of Elon Musk’s new “Grok” artificial intelligence (AI) system may not have yet made waves throughout the machine learning community or directly threatened the status quo, but it’s certainly drawn the attention of Sam Altman, the CEO of ChatGPT maker OpenAI. 

Elon Musk Biopic in the Works at A24 With Darren Aronofsky Set to Direct A biopic on world's richest man Elon Musk biopic is in the workis. The film, which will be made by American independent entertainment company A24, is likely to be directed by Darren Aronofsky. As per a report on Variety, the biopic will be based on Walter Isaacson’s authorized biography of the tech mogul. Interestingly, 2015 Universal film on Steve Jobs, starring Michael Fassbender as the Apple CEO, was an adaptation of a book written by Issacson. The report further said that there was intense competition among studios and filmmakers vying to secure the rights to Walter Isaacson's book, with A24 emerging as the winner in the bidding war.

Elon Musk is in the works at New York-based studio A24 with "Black Swan"-filmmaker Darren Aronofsky as the director, according to a source familiar with the matter. A24 secured the rights to Walter Isaacson's biography on the world's richest person, according to the source, who added the Musk biopic will be produced by Aronofsky's production company, Protozoa Pictures. "Glad Darren is doing it.