Skip to main content

xAI Acquires X

2 months 2 weeks ago
Elon Musk says its xAI company has acquired the social media platform X in an all-stock transaction. "The combination values xAI at $80 billion and X at $33 billion ($45 billion less $12 billion debt)," said Musk. He writes on X: Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth. xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn't just reflect the world but actively accelerates human progress. I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning. Thank you for your continued partnership and support.

Read more of this story at Slashdot.

BeauHD

Trump Pardons Founder of Electric Vehicle Start-Up Nikola, Trevor Milton

2 months 2 weeks ago
An anonymous reader quotes a report from The Guardian: Trevor Milton, the founder of electric vehicle start-up Nikola who was sentenced to prison last year, was pardoned by Donald Trump late on Thursday, the White House confirmed on Friday. The pardon of Milton, who was sentenced to four years in prison for exaggerating the potential of his technology, could wipe out hundreds of millions of dollars in restitution that prosecutors were seeking for defrauded investors. Milton and his wife donated more than $1.8 million to a Trump re-election campaign fund less than a month before the November election, according to the Federal Election Commission. At Milton's trial, prosecutors say a company video of a prototype truck appearing to be driven down a desert highway was actually a video of a non-functioning Nikola that had been rolled down a hill. Milton had not been incarcerated pending an appeal. Milton said late on Thursday on social media and via a press release that he had been pardoned by Trump. "I am incredibly grateful to President Trump for his courage in standing up for what is right and for granting me this sacred pardon of innocence," Milton said. Here's a timeline of notable events surrounding Nikola: June, 2016: Nikola Motor Receives Over 7,000 Preorders Worth Over $2.3 Billion For Its Electric Truck December, 2016: Nikola Motor Company Reveals Hydrogen Fuel Cell Truck With Range of 1,200 Miles February, 2020: Nikola Motors Unveils Hybrid Fuel-Cell Concept Truck With 600-Mile Range June, 2020: Nikola Founder Exaggerated the Capability of His Debut Truck September, 2020: Nikola Motors Accused of Massive Fraud, Ocean of Lies September, 2020: Nikola Admits Prototype Was Rolling Downhill In Promo Video September, 2020: Nikola Founder Trevor Milton Steps Down as Chairman in Battle With Short Seller October, 2020: Nikola Stock Falls 14 Percent After CEO Downplays Badger Truck Plans November, 2020: Nikola Stock Plunges As Company Cancels Badger Pickup Truck July, 2021: Nikola Founder Trevor Milton Indicted on Three Counts of Fraud December, 2021: EV Startup Nikola Agrees To $125 Million Settlement September, 2022: Nikola Founder Lied To Investors About Tech, Prosecutor Says in Fraud Trial December, 2023: Nikola Founder Trevor Milton Sentenced To 4 Years For Securities Fraud February 19, 2025: Nikola Files for Bankruptcy With Plans To Sell Assets, Wind Down

Read more of this story at Slashdot.

BeauHD

Nearly Half of People in the US Have Toxic PFAS in Their Drinking Water

2 months 3 weeks ago
An anonymous reader shares a report: New data recently released by the Environmental Protection Agency indicate that more than 158 million people across the U.S. have drinking water contaminated by toxic "forever chemicals," scientifically known as perfluoroalkyl and polyfluoroalkyl substances (PFAS). "Drinking water is a major source of PFAS exposure. The sheer number of contaminated sites shows that these chemicals are likely present in most of the U.S. water supply," said David Andrews, deputy director of investigations and a senior scientist at the Environmental Working Group (EWG), a nonprofit advocacy organization, in a recent press release.

Read more of this story at Slashdot.

msmash