Saudi Prince Acquires 5% Stake in Lucid Motors Amid Privatization Rumors

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A Saudi prince has purchased a 5% stake in Lucid Motors, the American electric vehicle manufacturer. The investment has reignited speculation that Saudi Arabia could be moving toward taking the EV company private. Lucid Motors has publicly denied any such privatization plans. The deal underscores the continued interest of Saudi investors in the global electric vehicle sector.

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Meta shares drop as Zuckerberg unveils AI tools for business sales

Meta's share price fell amid growing investor frustration over the company's heavy spending on artificial intelligence. CEO Mark Zuckerberg announced that Meta plans to sell AI tools to other businesses for the first time, marking a significant strategic shift. The move signals Meta's ambition to expand beyond its core social media advertising model into the enterprise AI market. Investors appear concerned about the scale of capital expenditure required to support these AI ambitions. The announcement reflects a broader industry trend of tech giants monetizing AI infrastructure through business-facing products.

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Thinking Machines Co-Founder Lilian Weng Rejoins OpenAI After Health-Related Exit

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xAI Sues Minnesota AG Over Nudification App Law, Citing First Amendment

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