Connect with us
elon-musk-marj-zuckerberg elon-musk-marj-zuckerberg

Elon Musk

Meta considers leaving Delaware, Dropbox announces DE departure

Ministério Das Comunicações, CC BY 2.0 , via Wikimedia Commons and JD Lasica from Pleasanton, CA, US, CC BY 2.0 , via Wikimedia Commons

Published

on

Meta, the parent company of social media giants like Facebook and Instagram, is reportedly exploring options to change its legal home from Delaware to Texas.

The information was initially reported by The Wall Street Journal, citing people reportedly familiar with the matter.

Key Points:

  • Meta has held discussions with Texas officials about potentially relocating its incorporation. The company is also looking at other states for this legal shift, the WSJ reported.
  • With Mark Zuckerberg as a controlling shareholder, Texas is seen as favorable for companies with similar structures.
  • Delaware is home to most Fortune 500 companies due to its business-friendly court system. However, recent court rulings have frustrated executives and controlling shareholders.
  • Elon Musk has moved Tesla and SpaceX to Texas and Neuralink to Nevada after a Delaware court decision rescinded the CEO’s 2018 Tesla pay package after all its ambitious milestones were achieved.

Recent Developments:

  • Meta is not the only tech company leaving Delaware. Dropbox also announced that it was moving its incorporation from Delaware to Nevada.
  • In a securities filing, Dropbox noted that it had gained approval from majority shareholders to move its incorporation from Delaware to Nevada.
  • “Stockholders of the Company holding at least a majority of the voting power of our outstanding shares of capital stock entitled to vote, adopted solutions by written consent in lieu of a meeting of stockholders to approve the reincorporation of the Company from the State of Delaware to the State of Nevada by conversion,” Dropbox noted in its filing.

Broader Context:

  • Texas has been attracting businesses by setting up specialized courts for business disputes, a move followed by over two dozen states.
  • A Meta spokesperson confirmed there are no plans to move the corporate headquarters from California but declined to comment further on the reincorporation discussions.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

Elon Musk

Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines

The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.

Published

on

Credit: xAI/X

xAI, Elon Musk’s artificial intelligence startup, has purchased five additional 380 MW natural gas turbines from South Korea’s Doosan Enerbility to power its growing supercomputer clusters. 

The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.

xAI’s turbine deal details

News of xAI’s new turbines was shared on social media platform X, with user @SemiAnalysis_ stating that the turbines were produced by South Korea’s Doosan Enerbility. As noted in an Asian Business Daily report, Doosan Enerbility announced last October that it signed a contract to supply two 380 MW gas turbines for a major U.S. tech company. Doosan later noted in December that it secured an order for three more 380 MW gas turbines.

As per the X user, the gas turbines would power an additional 600,000+ GB200 NVL72 equivalent size cluster. This should make xAI’s facilities among the largest in the world. In a reply, Elon Musk confirmed that xAI did purchase the turbines. “True,” Musk wrote in a post on X. 

xAI’s ambitions 

Recent reports have indicated that xAI closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. The funding, as per the AI startup, “will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products.”

Advertisement
-->

The company also teased the rollout of its upcoming frontier AI model. “Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote in a post on its website. 

Continue Reading

Elon Musk

Elon Musk’s xAI closes upsized $20B Series E funding round

xAI announced the investment round in a post on its official website. 

Published

on

xAI-supercomputer-memphis-environment-pushback
Credit: xAI

xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. 

xAI announced the investment round in a post on its official website. 

A $20 billion Series E round

As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others. 

Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.

As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”

Advertisement
-->

xAI’s core mission

Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.

xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5. 

“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote. 

Continue Reading

Elon Musk

Elon Musk’s Biggest Revelations on AI, Robots, and the Future of Work from the Moonshots Podcast

Published

on

By

Elon Musk’s appearance on the Moonshots with Peter Diamandis podcast was packed with bold predictions, candid admissions, and surprising tech insights. The nearly three-hour conversation covered everything from artificial intelligence to humanoid robots, geopolitics, and the future of work. Here are the top 10 most intriguing takeaways:

  1. Aggressive AGI Timeline Predictions

    Musk offered a detailed view on when artificial general intelligence (AGI) could emerge, suggesting it may arrive sooner than many expect,  emphasizing both transformative potential and risks.  

  2. U.S. vs. China in the AI Race

    He discussed the strategic competition between the United States and China over AI development, noting that geopolitical dynamics will shape how and who leads in the next decades.  

  3. Future of Job Markets

    Musk touched on how AI and automation could reshape employment, predicting massive boosts in productivity alongside potential disruptions in traditional work structures.  

  4. Clean Energy Transition

    A recurring theme was the role of clean energy in future economies, with Musk reiterating the importance of scaling sustainable power generation and storage.  

  5. Humanoid Robots Are Coming

    On the podcast, Musk elaborated on Tesla’s work on humanoid robots, hinting at timelines and applications that go beyond factories to general-purpose assistance.

  6. Tesla Roadster “Last Human-Driven Car”

    Outside the core discussion topics, Musk teased features of the upcoming Tesla Roadster — calling it “the best of the last of the human-driven cars” and suggesting safety won’t be its main selling point.  

  7. The Role of AI in Clean Energy and Robotics

    Linking AI to both energy optimization and robotics, Musk explained how smarter systems could accelerate decarbonization and task automation across industries.  

  8. U.S. Innovation Leadership

    Musk argued that maintaining American leadership in key tech sectors like AI, space, and robotics should be a national priority, with thoughtful policy and investment.  

  9. Job Creation vs. Job Elimination

    While acknowledging automation’s disruptive effects, he also outlined scenarios where new industries and opportunities could emerge, particularly in AI, space, and advanced manufacturing.  

  10. Long-Term Vision for Humanity

    Throughout the conversation, Musk revisited his long-term philosophical views — including a belief in humanity’s responsibility to become a multi-planetary and technologically empowered species.  

Whether you agree with Musk’s optimism or not, the podcast offers a window into the thinking of one of the most influential figures in tech today, in and why his visions continue to spark debate and inspiration.

Continue Reading