Technology

Elon Musk’s AI company, xAI, now has a new chief financial officer: Former Morgan Stanley banker Anthony Armstrong, the Financial Times reported, citing anonymous sources. Armstrong, who previously advised Musk during the Twitter deal, will oversee the finances of both xAI and X, which were merged in April, the report said. The former banker has been working with xAI for several weeks and was only recently appointed as CFO, the FT added. xAI has been without a CFO since its previous finance head, Mike Liberatore, left the company in July, and Armstrong’s appointment follows a slate of high-profile executive departures…

Lucid Motors delivered a record 4,078 vehicles in the third quarter, likely buoyed by a combination of more Gravity SUVs hitting the road and a rush of customers taking advantage of the expiring federal EV tax credit. The Saudi-owned luxury EV startup is still way off the projections it used to go public in 2021 — a transaction that netted it $4 billion. But Lucid Motors has seen deliveries steadily climb over the last two years. The third-quarter delivery figures announced Monday mark the seventh consecutive quarter that Lucid Motors has seen sales increase. Lucid Motors was not alone in…

Instagram announced on Monday that it’s launching an awards program, with 25 creators set to receive a gold ring next week. The company says the new awards program will recognize creators around the world who shift culture and break barriers. The judges panel for the new awards program includes Instagram head Adam Mosseri, director Spike Lee, designer Marc Jacobs, YouTuber Marques Brownlee, actress Yara Shadhi, makeup artist Pat McGrath, and more. Winners will receive a physical custom ring designed by English fashion designer Grace Wales Bonner, along with a digital golden ring around their Instagram profile. They’ll also be able…

Healthcare is awash in single-use plastics. In U.S. healthcare facilities alone, more than 2,800 tons of plastic packaging and products are thrown out every day.  Few people are more aware of this than Eddie Yu. Early in the pandemic, Yu founded a company that made disposable masks. One day, his niece was with him while he was sorting recycling, and she asked him whether his mask was also recyclable. “I told her that actually we can’t recycle the mask,” he told TechCrunch. “She just interrupted me and said, ‘Oh, then you make a lot of trash every day.’” The little…

Oracle has fixed a zero-day vulnerability in one of its flagship business software products that a hacking group is currently abusing to steal personal information about corporate executives.  In a brief post updated over the weekend, Oracle chief security officer Rob Duhart said the tech giant released a new patch to fix a vulnerability in its Oracle E-Business suite, and urged customers to install the update as soon as possible.   The security advisory said the bug, tracked officially as CVE-2025-61882, can be “exploited over a network without the need for a username and password.” The advisory provided several so-called indicators…