Elon Musk agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of delaying disclosure of his initial Twitter stock purchase in 2022. The SEC alleged Musk waited 11 days to reveal his stake, allowing him to buy shares at lower prices, but Musk did not admit wrongdoing and will not return any alleged savings. This settlement, the largest SEC fine for this type of violation, closes the case without Musk forfeiting money saved from the delay. The lawsuit is separate from another case where Musk was found liable for defrauding Twitter shareholders over bot-related takeover price disputes.
Perplexity AI CEO Aravind Srinivas shared lessons from Nvidia's Jensen Huang and Tesla's Elon Musk, highlighting Huang's mindset of running Nvidia as if it could fail within 30 days despite its $5 trillion valuation and advanced technology. Srinivas ...
Meta Platforms introduced an AI-powered feature called "AI Mode" within Facebook Search, which uses Meta's AI model Muse Spark to provide answers from public content rather than traditional search results. This innovation could generate over $10 bill...
Cuprina Holdings shares surged 111.84% intraday following FDA 510(k) clearance for its MEDIFLY Maggots wound care product, the first maggot debridement therapy using Lucilia cuprina species approved in the U.S. The product treats non-healing necrotic...
Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...
Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...
