The summons pertains to a case concerning Musk's eventual purchase of Twitter, now known as X, for $44 billion in 2022. Prior to the acquisition, Musk built up a position in the company of greater than 5%, which would've required disclosing his holdings to the public within 10 calendar days of reaching that threshold.
According to the SEC's civil complaint, filed in U.S. District Court in Washington, D.C., in January, Musk was more than 10 days late in reporting that material information, "allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due."
Once he took over Twitter, Musk used the platform to promote then-candidate and now President Donald Trump, and other Republican candidates and causes. Musk, who's also CEO of Tesla, spent some $290 million to help propel Trump back to the White House and now serves within the administration as a top advisor to the president.
An answer from Musk, or his attorneys, is due on April 4. Musk has the option to dismiss by that date.
The SEC, Elon Musk, and Quinn Emanuel Partner Alex Spiro, his lawyer, didn't immediately respond to requests for comment.
Musk previously settled civil securities fraud charges brought by the SEC at Tesla, his autos business. In that matter, Musk and Tesla each had to pay $20 million in fines, and Musk had to temporarily relinquish his role as chairman of the Tesla board.
ADQ, established in 2018 in Abu Dhabi, United Arab Emirates, focuses on investments in critical infrastructure and global supply chains, while ECP describes itself as the largest private owner of power generation and renewable energy assets in the U.S. ADQ oversees $225 billion in assets, while ECP has raised more than $31 billion in capital commitments since its inception in 2005.
The partnership announcement comes at a time of rapidly increasing power needs — electricity demand is set to surge in the U.S. after staying largely flat for some 15 years, fueled by new data centers, factories, electric vehicles, and hotter and longer summers.
And as tech giants like Microsoft, Amazon and Google compete to take the lead in the artificial intelligence revolution, the data centers needed to power the burgeoning technology consume an ever-increasing amount of energy.
The U.S. Department of Energy, in a December 2024 report, estimates that data center load growth in the U.S. has tripled over the past decade and that total data center electricity usage is projected to double or triple by 2028.
According to "a 2024 International Energy Agency report on electricity," the data center sector in the U.S. "is expected to account for more than one-third of additional demand through 2026." Globally, data centers' total electricity consumption could reach more than 1,000 terawatt hours, or TWh, in 2026 — that's up from an estimated 460 TWh in 2022 and "roughly equivalent to the electricity consumption of Japan," the IAE said.
The deal comes as ADQ chairman and United Arab Emirates national security advisor Sheikh Tahnoon bin Zayed Al Nahyan visited Washington, meeting with President Donald Trump and Elon Musk, among other political and business leaders.
The UAE has worked to strengthen ties with the U.S. on AI and is seeking greater access to American technology in order to build its own infrastructure and diversify its economy away from hydrocarbons.
The small, oil-rich Gulf sheikhdom has been intensely pursuing investments in artificial intelligence, data centers and energy transition technologies as the race for AI dominance gathers pace.
UAE investment fund MGX last year teamed up with Microsoft and BlackRock to form a consortium with an initial goal of investing more than $30 billion in AI-related projects in the U.S. On Thursday, American chipmaking giant Nvidia and and Musk's xAI announced they would be joining the project.
In January, Huang sent quantum computing stocks reeling when he said 15 years was "on the early side" in considering how long it would be before the technology would be useful. He said at the time that 20 years was a timeframe that "a whole bunch of us would believe."
In his opening comments on Thursday, Huang drew comparisons between pre-revenue quantum companies and Nvidia's early days. He said it took over 20 years for Nvidia to build out its software and hardware business.
He also expressed surprise that his comments were able to move markets, and joked he didn't know that certain quantum computing companies were publicly traded.
Nvidia said this week that it will build a research center in Boston to allow quantum companies to collaborate with researchers at Harvard and the Massachusetts Institute of Technology. The center will include several racks of the company's Blackwell AI servers.
Quantum computing has been a dream of physicists and mathematicians since the 1980s, when California Institute of Technology professor Richard Feynman first proposed the idea behind a quantum computer.
While classical computers use bits that are either 0 or 1, the bits inside a quantum computer — qubits — end up being on or off based on probability. Experts predict that the technology will be able to solve problems with massive amounts of possible solutions, such as deciphering codes, routing deliveries or simulating chemistry or weather.
"I said, a long time ago, because I was wrong, this is going to replace computers," he said. "This is going to be the way computing is done, and and everything, everything is going to be better. And it turned out I was wrong."
“I can already see that the energy and passion of the crypto community is the kind of spirit that built our country, and it is exciting to watch as you invent the future of finance,” Trump said.
“And right here, it’s going to be right here in the USA, the good ole USA. Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”
That same week, Trump said he signed an order “creating the brand-new strategic Bitcoin Reserve and the U.S. digital assets stockpile, which will allow the federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long-term value, which is exactly what Biden did.”
“He got a fraction of their value,” Trump said.
Sacks at the time compared the Bitcoin Reserve to “a digital Fort Knox for the cryptocurrency often called ‘digital gold.’”
The president said his administration’s action included stopping “the lawless operation Chokepoint 2.0.”
“Operation Choke Point went beyond regulation, and I mean far beyond. It was a form of lawfare through government weaponization. Frankly, it was a disgrace,” Trump said.
“But as of January 20th, 2025, all of that is over,” Trump said.
The president was referring to how Paul Grewal, the chief legal officer for Coinbase, considered one of the largest cryptocurrency exchange platforms, in December shared documents that he and his team had obtained following Freedom of Information Act requests.
They paralleled a protracted legal battle between the company and the Securities and Exchange Commission and the Federal Deposit Insurance Corporation (FDIC).
The uncovered documents allegedly confirmed suspicions that cryptocurrency tech founders were being “debanked” under a program known colloquially as “Operation Chokepoint 2.0.”
Unlike traditional SMS, RCS messaging will indicate when a text is delivered or even read and includes the ability to send high resolution media — which means no more grainy pictures and videos sent between Androids and iPhones.
Apple recently added RCS messaging on iPhones after years of ridicule from rival companies that called on the tech giant to update texting features.
Apple also announced that it has end-to-end encrypted RCS messaging in the works to protect users’ texts.
“End-to-end encryption is a powerful privacy and security technology that iMessage has supported since the beginning, and now we are pleased to have helped lead a cross-industry effort to bring end-to-end encryption to the RCS Universal Profile published by the GSMA,” Apple spokesperson Shane Bauer told The Verge.
“We will add support for end-to-end encrypted RCS messages to iOS, iPadOS, macOS, and watchOS in future software updates.”
The announcement comes after stark warnings from the FBI to stop using non-encrypted messaging methods like SMS after hackers breached telecom networks.
This month, the agency also cautioned people to delete scam texts amid a rise in “smishing,” in which cybercriminals target Android and iPhone users with malicious links in an attempt to steal their data and credentials.
Apple TV+ productions have earned more than 2,500 nominations and 538 wins, CEO Tim Cook said in a post earnings call in January.
As competition heats up in the streaming industry, media companies are increasingly bundling their services at discounted rates to appeal to price-conscious consumers.
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deep
!summarize #nazis #bookofpower #metaphysics
how and where? I've een on a break friend
!summarize #mind #brain #science #sleep
!summarize #nazis #ancient #secrets #history #myths
!summarize #china #trade #economy
!summarize #shadow #unconscious #carljung #psychology
#insurance #california #housing #Insurance #homeowners #rates
#ev #truck #nikola #fraud #bankruptcy
!summarize #irmagrese #auschwitz #documentary #ww2 #nazi #history
The summons pertains to a case concerning Musk's eventual purchase of Twitter, now known as X, for $44 billion in 2022. Prior to the acquisition, Musk built up a position in the company of greater than 5%, which would've required disclosing his holdings to the public within 10 calendar days of reaching that threshold.
According to the SEC's civil complaint, filed in U.S. District Court in Washington, D.C., in January, Musk was more than 10 days late in reporting that material information, "allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due."
!summarize #snowwhite #rachelzegler #career #hollywood #movie
!summarize #tesla #q1 #nhsta #nvda #tsla
Once he took over Twitter, Musk used the platform to promote then-candidate and now President Donald Trump, and other Republican candidates and causes. Musk, who's also CEO of Tesla, spent some $290 million to help propel Trump back to the White House and now serves within the administration as a top advisor to the president.
An answer from Musk, or his attorneys, is due on April 4. Musk has the option to dismiss by that date.
The SEC, Elon Musk, and Quinn Emanuel Partner Alex Spiro, his lawyer, didn't immediately respond to requests for comment.
!summarize #nygiants #quarterback #nfl
Musk previously settled civil securities fraud charges brought by the SEC at Tesla, his autos business. In that matter, Musk and Tesla each had to pay $20 million in fines, and Musk had to temporarily relinquish his role as chairman of the Tesla board.
!summarize #trump #doe #rfkjr #food #chemicals
ADQ, established in 2018 in Abu Dhabi, United Arab Emirates, focuses on investments in critical infrastructure and global supply chains, while ECP describes itself as the largest private owner of power generation and renewable energy assets in the U.S. ADQ oversees $225 billion in assets, while ECP has raised more than $31 billion in capital commitments since its inception in 2005.
The partnership announcement comes at a time of rapidly increasing power needs — electricity demand is set to surge in the U.S. after staying largely flat for some 15 years, fueled by new data centers, factories, electric vehicles, and hotter and longer summers.
And as tech giants like Microsoft, Amazon and Google compete to take the lead in the artificial intelligence revolution, the data centers needed to power the burgeoning technology consume an ever-increasing amount of energy.
The U.S. Department of Energy, in a December 2024 report, estimates that data center load growth in the U.S. has tripled over the past decade and that total data center electricity usage is projected to double or triple by 2028.
According to "a 2024 International Energy Agency report on electricity," the data center sector in the U.S. "is expected to account for more than one-third of additional demand through 2026." Globally, data centers' total electricity consumption could reach more than 1,000 terawatt hours, or TWh, in 2026 — that's up from an estimated 460 TWh in 2022 and "roughly equivalent to the electricity consumption of Japan," the IAE said.
!summarize #IU #tuckerdevries #transfer #ncaa #basketball
The deal comes as ADQ chairman and United Arab Emirates national security advisor Sheikh Tahnoon bin Zayed Al Nahyan visited Washington, meeting with President Donald Trump and Elon Musk, among other political and business leaders.
The UAE has worked to strengthen ties with the U.S. on AI and is seeking greater access to American technology in order to build its own infrastructure and diversify its economy away from hydrocarbons.
The small, oil-rich Gulf sheikhdom has been intensely pursuing investments in artificial intelligence, data centers and energy transition technologies as the race for AI dominance gathers pace.
!summarize #doe #education #chriscuomo #trump
!summarize #jeffgeorge #indianapolis #colts #nfl #quarterback
UAE investment fund MGX last year teamed up with Microsoft and BlackRock to form a consortium with an initial goal of investing more than $30 billion in AI-related projects in the U.S. On Thursday, American chipmaking giant Nvidia and and Musk's xAI announced they would be joining the project.
In January, Huang sent quantum computing stocks reeling when he said 15 years was "on the early side" in considering how long it would be before the technology would be useful. He said at the time that 20 years was a timeframe that "a whole bunch of us would believe."
In his opening comments on Thursday, Huang drew comparisons between pre-revenue quantum companies and Nvidia's early days. He said it took over 20 years for Nvidia to build out its software and hardware business.
He also expressed surprise that his comments were able to move markets, and joked he didn't know that certain quantum computing companies were publicly traded.
!summarize #snowwhite #movie #review #hollywood #rachelzegler
Nvidia said this week that it will build a research center in Boston to allow quantum companies to collaborate with researchers at Harvard and the Massachusetts Institute of Technology. The center will include several racks of the company's Blackwell AI servers.
Quantum computing has been a dream of physicists and mathematicians since the 1980s, when California Institute of Technology professor Richard Feynman first proposed the idea behind a quantum computer.
While classical computers use bits that are either 0 or 1, the bits inside a quantum computer — qubits — end up being on or off based on probability. Experts predict that the technology will be able to solve problems with massive amounts of possible solutions, such as deciphering codes, routing deliveries or simulating chemistry or weather.
!summarize #cnbc #politics #tesla
!summarize #jalenbrunson #nyknicks #nba #playoffs
"I said, a long time ago, because I was wrong, this is going to replace computers," he said. "This is going to be the way computing is done, and and everything, everything is going to be better. And it turned out I was wrong."
!summarize #jeffires #democrats
!summarize #pentagon #elonmusk
“I can already see that the energy and passion of the crypto community is the kind of spirit that built our country, and it is exciting to watch as you invent the future of finance,” Trump said.
“And right here, it’s going to be right here in the USA, the good ole USA. Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”
That same week, Trump said he signed an order “creating the brand-new strategic Bitcoin Reserve and the U.S. digital assets stockpile, which will allow the federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long-term value, which is exactly what Biden did.”
“He got a fraction of their value,” Trump said.
Sacks at the time compared the Bitcoin Reserve to “a digital Fort Knox for the cryptocurrency often called ‘digital gold.’”
The president said his administration’s action included stopping “the lawless operation Chokepoint 2.0.”
!summarize #jordanpeterson #trans #gender
“Operation Choke Point went beyond regulation, and I mean far beyond. It was a form of lawfare through government weaponization. Frankly, it was a disgrace,” Trump said.
“But as of January 20th, 2025, all of that is over,” Trump said.
The president was referring to how Paul Grewal, the chief legal officer for Coinbase, considered one of the largest cryptocurrency exchange platforms, in December shared documents that he and his team had obtained following Freedom of Information Act requests.
They paralleled a protracted legal battle between the company and the Securities and Exchange Commission and the Federal Deposit Insurance Corporation (FDIC).
The uncovered documents allegedly confirmed suspicions that cryptocurrency tech founders were being “debanked” under a program known colloquially as “Operation Chokepoint 2.0.”
!summarize #raykurzweil #technology #ai
Unlike traditional SMS, RCS messaging will indicate when a text is delivered or even read and includes the ability to send high resolution media — which means no more grainy pictures and videos sent between Androids and iPhones.
Apple recently added RCS messaging on iPhones after years of ridicule from rival companies that called on the tech giant to update texting features.
Apple also announced that it has end-to-end encrypted RCS messaging in the works to protect users’ texts.
“End-to-end encryption is a powerful privacy and security technology that iMessage has supported since the beginning, and now we are pleased to have helped lead a cross-industry effort to bring end-to-end encryption to the RCS Universal Profile published by the GSMA,” Apple spokesperson Shane Bauer told The Verge.
“We will add support for end-to-end encrypted RCS messages to iOS, iPadOS, macOS, and watchOS in future software updates.”
The announcement comes after stark warnings from the FBI to stop using non-encrypted messaging methods like SMS after hackers breached telecom networks.
This month, the agency also cautioned people to delete scam texts amid a rise in “smishing,” in which cybercriminals target Android and iPhone users with malicious links in an attempt to steal their data and credentials.
!summarize #european #technology #unitedstates
!summarize #ai #saas #venturecapital #models
Apple TV+ productions have earned more than 2,500 nominations and 538 wins, CEO Tim Cook said in a post earnings call in January.
As competition heats up in the streaming industry, media companies are increasingly bundling their services at discounted rates to appeal to price-conscious consumers.
!summarize #tesla #modely
Apple TV+ is part of a bundle offered by Comcast that combines the service with Peacock and Netflix at $15 per month.
Apple TV+ costs $9.99 per month in the US when bought separately.
The Cupertino, Calif.-based company also bundles Apple TV+ with services such as iCloud, Apple Music and others under the Apple One program.