Elon Musk's SpaceX has revealed its plans to go public in the US, allowing people to trade shares in the firm on the stock market. SpaceX makes rockets, offers a satellite internet service called Starlink, and also owns Musk's controversial artificial intelligence (AI) firm xAI. The initial public offering (IPO) on the US stock market is set to be the largest in Wall Street history and could start next month under the ticker symbol SPCX. Because of the shares he will own in SpaceX, the IPO could make billionaire Musk, who is already the world's richest person, a trillionaire. SpaceX values itself at $1.25tn, and Musk's majority ownership of the company means his share could be worth more than $600bn.

Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Microsoft will assume responsibility for the potential legal risks arising out of any claims raised by third parties so long as the company's customers use "the guardrails and content filters" built into its products, the company said. It offers functionality meant to reduce the likelihood that the AI returns infringing content. With the proliferation of generative AI – computer programs capable of generating text, images, sounds, other data – users have raised concerns over the technology's ability to generate content without referencing it to its original authors.

The image above was created via Stable Diffusion with the prompt "lawyers in suits fighting robots with lasers in a futuristic, superhero style." Looks like Matthew Butterick and the Joseph Saveri Law Firm are going to have a busy year! The same folks who filed the class action against GitHub and Microsoft related to Copilot and Codex a couple of months ago, have filed another one against Stability AI, DeviantArt, and Midjourney related to Stable Diffusion. The crux of the complaint is around Stability AI and their Stable Diffusion product, but Midjourney and DeviantArt enter the picture because they have generative AI products that incorporate Stable Diffusion. DeviantArt also has some claims lobbed directly at them via a subclass because they allowed the nonprofit, Large-Scale Artificial Intelligence Open Network's (LAION), to incorporate the art work submitted to their service into a large public dataset of 400 million images and captions.