TNB Tech Minute: X Restructures Ahead of SpaceX IPO

OutSystems is an outstanding way to quickly deploy apps and AI agents in the River Results,

a top USV, deployed apps for customers to open new accounts, while a global brewer developed

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Here's your afternoon TNB Tech Minute for Thursday, March 26. I'm Julie Chang for the Wall Street Journal.

We exclusively report that Elon Musk's social media company X has let go of its chief marketing

officer and laid off some non-technical staff over the last several weeks. People familiar with

the matters say the company is looking to write size as its parent company SpaceX seeks a potential

IPO valued at at least $1 trillion. The moves at X echo what's happening elsewhere inside the

company since the XAI and SpaceX merger X merged with XAI last year and XAI and SpaceX combined

an early February several co-founders at XAI have since announced they were leaving the company

and several teams were restructured. The mortgage finance giant Fannie Mae will soon accept

so-called crypto backed mortgages a new mortgage product unveiled today from Better Home and

Finance and crypto exchange Coinbase Global allows home buyers to pledge their crypto holdings

when getting a Fannie backed mortgage instead of selling the crypto to make a cash down payment.

This isn't the first crypto mortgage offering, but Fannie's involvement could make these products

more mainstream, according to Gallup about 14 percent of American adults owned cryptocurrencies

last year. And the Federal Communications Commission advanced a plan to bring outsourced call

center jobs back to the US. The new rules would require phone, internet and cable companies to

disclose a customer service agent's location, cap the share of calls handled by overseas agents,

hold agents to English language proficiency requirements, and give consumers the option to be

served by a US-based agent. Industry analysts warn the rules may motivate companies to lean more

aggressively into AI and automation. The proposal has been opened for public comments.

For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing podcast.

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easily open new accounts on any device. We helped a leading global insurer quickly deliver

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to clear bottlenecks. Out systems, build your agentic future. To learn more, visit outsystems.com

slash WSJ.