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In Brief Posted: 8:50 AM PDT · September 13, 2025 Image Credits:Klaudia Radecka/NurPhoto / Getty Images Elon Musk’s AI startup xAI laid off 500 team members on Friday night, according to internal messages viewed by Business Insider. These emails reportedly announce an immediate “strategic pivot,” with the company deciding to  “accelerate the expansion and prioritization…

09/11 update below. This post was originally published on September 10 Elon Musk, the Tesla billionaire who tops Forbes’ rankings of the world’s richest people (at least for now), has flung himself back into his day job since leaving president Donald Trump’s White House. Sign up now for CryptoCodex—A free crypto newsletter that will get…

The best MagSafe portable charger I’ve tried…

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Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at the end of the day slightly higher.  The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to…

Larry Ellison also owns a sprawling real estate empire, nearly half of media giant Paramount and a sizable stake in Tesla.Justin Sullivan/Getty Images Oracle cofounder and chief technology officer Larry Ellison just got nearly $100 billion richer in a single day. It’s the biggest single-day gain ever, and it’s all thanks to Ellison’s 41% stake…

ToplineA Trump Organization-backed crypto deal was quietly revised weeks after it was announced, with Eric Trump no longer joining the board of fintech firm Alt5 Sigma as initially planned, following the firm’s consultation with Nasdaq—though the company did not explain why. Eric Trump, then newly announced as a director on Alt5 Sigma’s board, is joined…

Adam Bain, Dick Costolo, and David Fischer — the operators behind Twitter and Meta’s growth — reunite at Disrupt 2025…