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SpaceX's plan to launch an additional 22,488 Starlink satellites faces opposition from the Ukrainian Congress Committee of America, citing concerns over Elon Musk's ties to Russia and the environmental impact of launches in Texas. The group has filed a petition with the FCC, questioning Musk's potential conflicts of interest due to his new role in the incoming Trump administration and the use of Starlink by Russian forces. Environmental advocates also highlight the risk to endangered species from SpaceX's operations, while Musk's dismissive responses to these concerns have drawn criticism.
President-elect Donald Trump has appointed venture capitalist David Sacks as the “White House A.I. & Crypto Czar,” tasked with shaping policies on artificial intelligence and cryptocurrency. Sacks, a prominent supporter of Trump, will create a legal framework for crypto and lead a presidential council on science and technology, aiming to position the U.S. as a global leader in these fields while advocating for free speech online. This appointment reflects a shift in Sacks' stance towards Trump, who previously criticized him after the Capitol riot.
The murder of UnitedHealthcare CEO Brian Thompson in Manhattan has prompted health insurance companies to reassess security for their executives. Following the targeted attack, both UnitedHealth and CVS Health removed photos of their leadership from websites, reflecting heightened concerns over threats in the healthcare sector. Experts anticipate increased physical security measures as tensions rise amid ongoing public frustration with health insurers.
Elon Musk's xAI has successfully raised $6 billion in a recent funding round, valuing the artificial intelligence startup at over $40 billion. The equity financing involved 97 investors, with contributions starting at $77,593, although specific investor names and revenue details were not disclosed. Bloomberg News reported that xAI was pursuing this funding at a $40 billion valuation, excluding the newly raised capital.
Former US Treasury Secretary Lawrence Summers criticized the proposal for a national Bitcoin reserve, calling it "crazy" during an appearance on Bloomberg Television’s Wall Street Week. He argued that the idea serves only to appease special-interest campaign contributors and highlighted the political difficulties in reducing federal spending as suggested by figures like Elon Musk.
Dell has deployed tens of thousands of chips for artificial intelligence at Elon Musk's supercomputer in Memphis. This significant investment underscores the growing demand for advanced computing power to support AI initiatives. The collaboration highlights the intersection of technology and innovation in the AI landscape.
The wealth of billionaires has surged by 121% over the past decade, reaching $14 trillion in 2024, outpacing global stock market growth. While North American billionaires saw consistent increases, Chinese fortunes peaked before declining, and real estate wealth lagged due to market corrections and rising interest rates. The number of billionaires rose from 1,757 to 2,682 during this period.
Chinese companies dominate the global electric vehicle market, accounting for 76% of sales, with BYD leading the charge. Despite rising tariffs in the US and EU, demand for affordable EVs remains strong, particularly in China and emerging markets like Russia. As traditional automakers struggle, the future of the industry may hinge on how Western markets respond to this growing competition.
Sen. Mike Lee has sparked a debate on Social Security's future, highlighting funding issues that could lead to reduced benefits in nine years. He criticized the trust funds, likening them to a Ponzi scheme, while experts emphasize the need for reform and acknowledge the legitimacy of the trust funds, which are backed by U.S. Treasury bonds. The program, primarily funded by payroll taxes, faces scrutiny as its trust funds are projected to deplete, necessitating urgent discussions on its sustainability.
Waymo plans to expand its robotaxi service to Miami, starting with human safety drivers in 2025 and launching the service via the Waymo One app in 2026. This move reflects the company's confidence in operating in challenging weather conditions, building on previous tests in the city. With a recent $5.6 billion funding round, Waymo continues to grow its operations, now offering over 150,000 paid rides weekly across major U.S. cities.
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02:51 06.12.2024
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17:13 05.12.2024
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