California

Elon Musk, the high-profile CEO of Tesla Inc. and the owner of X, applauded a court decision to block a California law he deemed as infringing on freedom of speech. What Happened: On Wednesday, Musk took to X to express his relief at the court’s decision. The law in question, signed by...

California’s cannabis industry is facing uncertainty after Governor Gavin Newsom’s emergency rules that could severely limit hemp products. The move, which could remain in effect until March 2025, has caused ripples throughout the hemp and cannabis communities, with some wondering how...

California filed a lawsuit against ExxonMobil (NYSE:XOM) on Monday, accusing the oil giant of misleading the public about the recyclability of plastics. What Happened: The lawsuit, filed in San Francisco County Superior Court, alleges that ExxonMobil engaged in a “decades-long campaign of...

Sen. Cynthia Lummis (R-Wyo.) on Tuesday slammed President Joe Biden for permitting delays in deploying EV charging infrastructure in the state of California where EV adoption is highest. What Happened: “Tell me, President Biden, how do you expect to power America's electric vehicles by 2030...

California governor Gavin Newsom (D-Calif.) signed three bills on Tuesday aimed at curbing the use of artificial intelligence in creating misleading images or videos in political advertisements. What Happened: The new laws will immediately make it illegal to create and distribute deepfakes related...

The state of California will always play an important role in the history of Tesla Inc (NASDAQ:TSLA) even after the electric vehicle giant moved its headquarters to Texas in 2021. Tesla is set to pay tribute to the state of California with a new statue. What Happened: The design of the Cybertruck...

Elon Musk’s X, formerly Twitter, has won an appeal against a California law that mandates social media companies to disclose their policies against disinformation and hate speech. What Happened: On Wednesday, Musk took to X and praised X’s legal team for winning the appeal. He said...

Prediction market Polymarket indicates a 57% likelihood that California will pass the controversial AI safety bill SB 1047, up 7% from previous estimates. What Happened: The bill, which has sparked intense debate in the tech industry, is now awaiting Governor Gavin Newsom‘s signature after...

On Wednesday, the California legislature gave the green light to a controversial AI safety bill, which has sparked a heated debate among tech companies. What Happened: The SB 1047 calls for safety testing of advanced AI models that cost over $100 million to develop or require...

Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has agreed to a deal with California to fund newsrooms in the state, thereby putting an end to proposed legislation that would have required tech giants to pay for news content. However, the deal has been met with criticism from journalist...

California lawmakers are poised to vote on a bill regulating AI development, despite significant opposition from major tech companies. What Happened: California legislators are expected to vote this week on SB 1047, a bill aimed at regulating AI development and deployment in the state, reported...

Former Speaker of the House Nancy Pelosi is speaking out against a California bill that seeks to regulate artificial intelligence. Here’s what she said and how her opinion might relate to her own investments. What Happened: The trading activity of Pelosi and her husband Paul Pelosi could come...

California does not appeal to Palantir co-founder and venture capitalist Peter Thiel, who finds a lot of parallels between the Golden State and Saudi Arabia. What Happened: Californians have no choice and people at the margins leave the state but it continues to collect more and more revenue, said...

A Chevron Corp. (NYSE:CVX) executive revealed that the company’s decision to relocate its headquarters from California to Texas was primarily due to the challenging business environment in California. What Happened: The relocation of Chevron’s headquarters was a result of the increasing...