Elon Musk is taking SpaceX’s minority shareholders for a ride | Nils Pratley

To Elon Musk’s fanclub, there is nothing to see apart from more evidence of the great man’s visionary genius. SpaceX, the rocket firm, is buying xAI, the artificial intelligence developer, and the combination of these two Musk-controlled entities is being valued at $1.25tn (£910bn). Feel the positive vibes ahead of a stock market debut due in June! The most valuable private company in history! The largest ever transaction!Or, as Musk described it, he is creating “the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free-speech platform”.SpaceX’s minority shareholders may have a less stellar view

FTSE 100 falls back from record high amid AI worries; gold heads for best day since 2008 – as it happened

And finally, the FTSE 100 has closed down 27 points or 0.26% at 10,314, away from the record high hit this morning.Although miners and precious metal producers rallied, as the gold and silver price jumped, the index was dragged down by Relx (-14.3%) and the London Stock Exchange Group (-12.8%), as investors reacted to US artificial intelligence firm Anthropic unveileing a tool for companies’ in-house lawyers

French headquarters of Elon Musk’s X raided by Paris cybercrime unit

Prosecutors have raided the French headquarters of Elon Musk’s social media platform X and summoned the tech billionaire and the company’s former chief executive for questioning as part of an investigation into alleged cybercrime.“A search is under way by the cybercrime unit of the Paris prosecutor’s office, the national police cyber unit and Europol,” the Paris prosecutors’ office said in a post on X on Tuesday, adding that it would no longer be publishing on the network.It said in a statement that Musk and Linda Yaccarino had been summoned for “voluntary questioning” in April in their capacity as “de facto and de jure managers of the X platform at the time of the events”. Yaccarino resigned as chief executive of X in July last year.The French prosecutors’ announcement comes amid a hardening of European attitudes to social media firms

From ‘nerdy’ Gemini to ‘edgy’ Grok: how developers are shaping AI behaviours

Do you want an AI assistant that gushes about how it “loves humanity” or one that spews sarcasm? How about a political propagandist ready to lie? If so, ChatGPT, Grok and Qwen are at your disposal.Companies that create AI assistants, from the US to China, are increasingly wrestling with how to mould their characters, and it is no abstract debate. This month Elon Musk’s “maximally truth-seeking” Grok AI caused international outrage when it pumped out millions of sexualised images. In October OpenAI retrained ChatGPT to de-escalate conversations with people in mental health distress after it appeared to encourage a 16-year-old to take his own life.Last week, the $350bn San Francisco startup Anthropic released an 84-page “constitution” for its Claude AI

LIV Golf tour hits out at decision to only award ranking points to top-10 finishers

The Saudi Arabia-backed LIV Golf Tour has hit out at what it regards as victimisation from those presiding over the sport’s world rankings process, despite seeing their wait of nearly four years for recognition by the system finally end.It was confirmed on Tuesday that those competing in LIV tournaments will receive official world golf ranking points but only when finishing in the top 10. A statement from the OWGR board said this “recognises there are a number of areas where LIV Golf does not meet the eligibility standards set out”.Since LIV competition started in 2022, the OWGR has not given any reward to those performing in that domain. This has led to previously prominent golfers tumbling down the rankings; Cameron Smith is now 221st, Sergio García 363rd and Dustin Johnson 662nd

IOC president gives clearest signal so far that Russia could be at 2028 Olympics

The International Olympic Committee president, Kirsty Coventry, has given her clearest signal yet that Russia could be back for the 2028 Los Angeles Games.A day after the Fifa president, Gianni Infantino, said he wanted Russia reinstated to international football, Coventry used her opening address to the 145th IOC congress in Milan to argue that all athletes should be allowed to compete in sport – regardless of their government’s behaviour.Her comments are likely to cause tension with Ukraine after the sports minister, Matvii Bidnyi, branded Infantino as “irresponsible” and “infantile” for attempting to draw a line between sport and politics before the IOC president ventured into the same territory.While not referencing Russia directly, Coventry said: “Throughout the campaign and in many of our conversations since, I have heard the same message from many of you. Focus on our core