SAN FRANCISCO (AP) — Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet. The tweet resulted in a $40 million settlement with securities regulators, claimed he had lined up the financing to take Tesla private in … Read more
Spurs Sports and Entertainment, and local company Victory Capital Holdings on Jan. 18 announced a multiyear naming rights partnership with Victory Capital Management Inc. for the team’s new performance center being built at The Rock at La Cantera on the northwest side of San Antonio. Victory Capital has been named the official investment partner of … Read more
Little did San Antonio truck driver Rolando Denova Jr. know when he took his big rig into a service facility for maintenance that it would be the last time he’d see it. Denova, 31, alleges a “defect” in security at the Doggett Freightliner South Texas dealership in Converse allowed the truck to “be removed from … Read more
It’s already controversial among lawmakers.
Silicon Valley billionaires: the grass may not be greener in Texas for much longer. California lawmakers are considering a “wealth tax” that would not only introduce a 1.5% tax on net worth in excess of $1 billion by 2024, but also allow the state to pursue that tax for former residents who flee the state … Read more
(Bloomberg) — Spotify Technology SA is planning to cut about 6% of its employees, or around 600 employees, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs. The move was announced in a filing Monday morning, confirming reports from over the weekend that there … Read more
Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images. The tech giant on Monday described its new agreement as the third stage of a growing partnership with San Francisco-based OpenAI that began with … Read more