Altman Says Musk Wanted Control of OpenAI: California Brief

Sam Altman told jurors in Oakland that he was “extremely uncomfortable” with Elon Musk’s push for complete control of a proposed OpenAI for-profit subsidiary in 2017, offering some of the trial’s sharpest testimony yet about the breakdown between the company’s co-founders.

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OpenAI Floats Idea of Global AI Governance Body With US, China

OpenAI would support the creation of a global governance body for artificial intelligence led by the US and including China as a member, a top company executive said, hours before the start of President Donald Trump’s high-stakes meeting with Chinese President Xi Jinping.

Musk’s xAI Races to Get Wall Street Firms to Use Grok Chatbot

Elon Musk’s xAI has recruited multiple Wall Street firms with ties to the billionaire’s business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX’s initial public offering.

Short-Seller Left Didn’t Make ‘Sense,’ Cronos CEO Testifies

The chief executive officer of a Canadian cannabis distributor told jurors at the US criminal trial of Citron Research founder Andrew Left he was stunned when the prominent short-seller issued a report saying the company was overvalued, prompting shares to plunge.

Perfectus Aluminum to Pay $550 Million Customs Fraud Settlement

Perfectus Aluminum Inc., Perfectus Aluminum Acquisitions LLC, and four affiliated warehousing companies agreed to pay nearly $550 million to resolve allegations they violated the False Claims Act by knowingly evading antidumping and countervailing duties owed on aluminum extrusions imported from China.

Best Buy, Apple, Others Make Millions From California Tax Deals

A few dozen California cities have lucrative deals with retail giants like Apple, Best Buy, and Nike. These deals result in the cities paying millions of dollars from their local tax revenue back to the companies. In this video, we explore how these deals work and what some city and state lawmakers are hoping to do about it.