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Micron briefly surpasses Meta and Tesla in market value

Micron Technology briefly overtook Meta Platforms and Tesla by market capitalisation on Thursday after the US memory-chip maker delivered stronger-than-expected quarterly guidance, reinforcing investor confidence in the artificial intelligence (AI) infrastructure boom and soaring demand for memory chips.

Plutocracy Gone Crazy

Elon Musk, the world’s richest person, is slated to get richer. With a current worth of nearly US$500 billion (roughly Rs 44 lakh crore), Musk has been voted a pay package of US$1 trillion (roughly Rs 88 lakh crore) by Tesla shareholders, over the next ten years, subject to his achieving certain tough targets.

xAI’s Head of Infrastructure Engineering resigns, joins OpenAI

The Head of Infrastructure Engineering, Uday Ruddarraju of xAI, the artificial intelligence company founded by Tesla CEO Elon Musk, announced his resignation, marking the end of his tenure with the company after being in the position for just over a year.