BLOOMBERG  Elon Musk, who has hinted for months that he wants to build an alternative to the popular ChatGPT artificial intelligence (AI) chatbot, announced the formation of what he’s calling xAI, a company with a mission to “understand the true nature of the universe.” xAI said its team will be led by Musk and staffed by executives who have worked …

BLOOMBERG  The arrival of Meta Platforms Inc’s Twitter challenger further complicates the investment case for social media firms Snap Inc and Pinterest Inc, whose share price recoveries lag their larger rival. Facebook parent Meta is by far the dominant player in the sector, and that is extending to its stock this year. Shares have outperformed by leaps and bounds, with …

DUBAI / GULF TIME Hot on the heels of the SpongeBob SquarePants takeover of the Lush Kitchen Box, Lush is excited to announce that there are more products in the SpongeBob SquarePants collection launched globally in June. Renowned for innovating packaging-free cosmetic items — such as bath bombs, shampoo bars and solid bar soap — the whole collection is designed …