Elon Musk's social media platform X has defended itself against claims from the European Union that it is failing to tackle disinformation around the violence in Israel and Gaza.

The EU's top internet enforcer took to X, the rebranded Twitter, on Wednesday to trumpet a rival platform, as a duel with Elon Musk over disinformation ratcheted up.

The EU's digital chief Thierry Breton warned Elon Musk on Tuesday that his platform X, formerly Twitter, is spreading "illegal content and disinformation", in a letter seen by AFP.

In a court motion filed last week against the crypto exchange platform Coinbase, the SEC stated that digital assets have no inherent value since they cannot generate profits.

Blue Origin has reportedly eliminated more than three dozen employees in its technology unit about a month after the aerospace firm cut human resources jobs.

From fake accounts impersonating journalists to war-themed video games fueling false narratives, tech platforms are struggling to contain a tsunami of misinformation around Palestinian-Israeli hostilities after rolling back content moderation policies.

Amazon is set to launch two satellites on Friday, in its first test mission as part of its plan to deliver the internet from space and compete with Elon Musk's Starlink service.

US market regulators on Thursday asked a judge to order Elon Musk to comply with a subpoena to answer questions about his purchases of Twitter shares last year.

Elon Musk's social media platform X has stripped headlines from news articles shared by users, in a move likely to further worsen relations with media groups.

Billionaire Elon Musk on Saturday waded into German politics at a time of a heated debate on immigration across Europe, saying Berlin-funded migrant rescue operations in the Mediterranean could be seen as an "invasion" of Italy.

The dramatic fluctuation in shares of Vietnamese electric vehicle maker VinFast is "normal", its chief executive told AFP on Friday, insisting the company was on sound footing despite racking up huge losses.

French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation for alleged money laundering at a luxury Alpine resort, according to Paris prosecutors.

A federal anti-discrimination agency filed a lawsuit Thursday accusing Elon Musk's Tesla of allowing "pervasive" racism at its Silicon Valley car plant and retaliating against Black workers who opposed such abuse.

X-owner Elon Musk said that he had gutted the platform's team dedicated to preserving election integrity as key votes in many countries are approaching.

Snapchat's parent company Snap said Wednesday it was shutting down its six-month-old ARES business. CEO Evan Spiegel said the company could no longer invest in the unit at this time.

As a global election season widely expected to be mired in misinformation and falsehoods fast approaches, the big US-based tech platforms are walking back policies meant to curb them, stoking alarm.

Thailand's Prime Minister Srettha Thavisin was in New York last week to attend the UN General Assembly. He says he expects at least $5 billion in investments from three of the world's tech titans in the coming years.

Despite X's silence on crypto payment integration on the platform, it appears the process is well underway.

Ramaswamy spoke about the SEC rulings and the potential of blockchain technology to disrupt the world of traditional finance. He also shared plans to release a "comprehensive crypto policy framework" by Thanksgiving.

Starlink is the third company to apply for a license to start satellite-based internet services in India. OneWeb, backed by Indian telecom carrier Bharti Airtel, and billionaire Mukesh Ambani's Reliance Jio have already received GMPCS licenses from India's telecommunications department.

X, formerly Twitter, reportedly cut its trust and safety team to around 20 people earlier this month even after advertisers discussed concerns about toxic content on the platform.

Elon Musk has sparked outrage among fans of his social media platform X by suggesting he might introduce a monthly fee for all users, in what would be the biggest shake-up since he took over the site then known as Twitter last October.

Israel's Prime Minister Benjamin Netanyahu on Monday urged Elon Musk to fight anti-Semitism on his X platform as he sat down with the tech tycoon to discuss artificial intelligence.

Turkish President Recep Tayyip Erdogan urged tech tycoon Elon Musk to open his next Tesla factory in Turkey, becoming the latest leader to lobby one of the world's richest men.

Big tech bigwigs including Elon Musk and Mark Zuckerberg traveled to Capitol Hill on Wednesday to share their plans for artificial intelligence as the US prepares to draw up legislation to better control the technology.

The UN rights chief decried Wednesday an online "trolling campaign" against a leading anti-defamation group, urging online platforms like X, formerly Twitter, to do more to battle hate speech.

A hotly anticipated biography of Elon Musk describes the turbulent tycoon as a man driven by childhood demons, obsessed with bringing human life to Mars and who demands that staff be "hardcore."

Elon Musk's X Corp.on Friday sued the state of California over a law requiring social media companies to publicly post their policies regarding hate speech, disinformation, harassment and extremism.

Tech billionaire Elon Musk has said that he prevented a Ukrainian attack on a Russian Navy base last year by declining Kyiv's request to activate internet access in the Black Sea near Moscow-annexed Crimea.

At first, Musk supplied Ukraine with SpaceX's Starlink satellite terminals to aid its military efforts. However, he had a change of heart when Starlink was employed for offensive purposes against Russia.