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Musk admits distilling OpenAI data for his XAI—here’s why that’s controversial

Musk has accused Anthropic, another rival of xAI, of using stolen data to train its artificial intelligence models.

  • By Antonio Pequeño IV

Mark Zuckerberg says AI costs contributed to layoffs of 8,000 staffers

Meta plans to slash 8,000 jobs at the company, accounting for 10% of its workforce.

  • By Antonio Pequeño IV

Spirit Airlines shuts down after White House bail out falls through

Several airlines have announced “rescue fares” for Spirit airlines customers with booked trips.

  • By Mary Whitfill Roeloffs
There's a new top 3 on the rich list. Google co-founders Sergey Brin and Larry Page have climbed the rankings and now trail only Elon Musk... by some distance. Images: Getty

The top 10 richest people in the world (May 2026)

There’s a new member of the $300 billion club and a second sibling from America’s richest family among the planet’s ten wealthiest people.

  • By Forbes Staff

Australians are racing to adopt AI. There’s just one big catch.

While the AI race is fundamentally between the US and China – ranking number 1 and 2 in research – Australia sports the third highest density of AI PhDs globally. A new Stanford HAI report also reveals that we are big on implementing AI, but low on trusting it.

  • By Shivaune Field
  • Business Journalist
Robin Khuda. Image: Supplied

Billionaire Robin Khuda’s AirTrunk earmarks $3 billion to build data centres in Malaysia

AirTrunk’s Malaysian expansion comes after announcing the proposed acquisition of Lumina CloudInfra, which has 600 megawatts of data center projects in India and a development potential of up to $5 billion.

  • By Ian Sayson

Here’s how much LIV Golf paid its players – As the Saudis yank funding

Saudi Arabia broke the golf world in two when it launched LIV five years ago, but the country has said it’s done bankrolling the controversial league.

  • By Mary Whitfill Roeloffs

Big tech is on track to spend $1 trillion on AI this year

Tech giants are on pace to double AI spending this year.

  • By Alicia Park

The CEO’s role in Australia’s new domestic violence leave requirement

With domestic violence costing the economy $362 billion, new mandates require organisations to provide 10 days of leave for survivors.

  • By Shivaune Field
  • Business Journalist

Key moments in Elon Musk’s trial against Sam Altman: ‘I was a fool’ to fund OpenAI

Tesla billionaire Elon Musk reportedly declared, “Without me, OpenAI wouldn’t exist,” on the witness stand Wednesday as his testimony in his trial against Sam Altman stretches into a second day.

  • By Conor Murray
  • Forbes Staff
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