Financial giant Fidelity bumped up the valuation of two Elon Musk-owned companies, social media platform X and AI startup xAI in October.

October saw a 32.37% jump in X's valuation, marking the biggest monthly increase since Fidelity helped Musk buy Twitter for $44 billion in 2022, Axios said.

Fidelity marked up the value of its X Holdings shares by 32.37% in October, the largest monthly increase since helping Elon Musk buy the company in 2022. The big picture: Even with the valuation boost,

Australia Prime Minister Anthony Albanese said on Sunday that criticism by Elon Musk of Australia's social media ban on children under 16 was the X owner pushing an agenda for the social platform, while indicating he was open to talk to the billionaire about the ban,

The new law will deliver a message to tech companies to "clean up their act," the country's prime minister has said.

Anthony Albanese has dashed criticism of tech billionaire Elon Musk as the government works to implement its social media age ban for teens under 16 years of age.

Elon Musk mocked President Joe Biden for pardoning his son after a "Community Note" was added to an old tweet in which the president celebrated Donald Trump becoming a convicted criminal.

Trump appointee and X owner Elon Musk bragged as social media users jumped to use the "Community Notes" function to drag President Joe Biden for an old tweet following his decision to pardon his son.