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☆ Fox anchor tasked with interviewing Harris has a history of appeasing network’s pro-Trump audience
▼ + stars: | 2024-10-16 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

New York CNN —Fox News anchor Bret Baier is all too keenly aware that Fox’s viewers want him to affirm what they already feel. And his recent social media activity shows that he is supremely aware of the Fox base’s extreme disdain for Harris and distrust of the media. Baier, the anchor of Fox’s 6 p.m. “Special Report” newscast, is also the network’s chief political anchor. But because the Arizona call presaged Trump’s defeat, Fox was scolded and second-guessed by many of its own viewers, including the sitting president. One X user told Baier they believed that the interview will “be pre recorded and the answers will be edited.

Persons: Bret Baier, Kamala Harris –, president’s, Donald Trump’s, pummel Harris, Baier, Harris, Martha MacCallum, Joe Biden, Fox, ” Baier, ”, Bill Sammon, It’s, ” Sammon, Biden, Elon Musk’s X, “, Trump, Dennis Organizations: New, New York CNN — Fox News, Democratic, Fox, Trump, Networks, Voting Systems, The New York Times, Baier, Fox News, it’s Locations: New York, Arizona, Washington, That’s, “

☆ Trump campaign connected with Elon Musk’s X before it blocked links to hacked materials
▼ + stars: | 2024-10-11 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Former President Donald Trump’s campaign connected with Elon Musk’s X last month to discuss hacked Trump campaign materials circulating on the social media platform before X blocked links to the files and banned the independent journalist who published the materials, a person familiar with the matter told CNN. A person familiar with the matter told CNN on Friday that the Trump campaign had a conversation with X officials about the hacked materials before Klippenstein was banned and links to his newsletter were blocked. The person said the campaign did not push X officials to remove links to the materials and that X had made the decision. The New York Times first reported the Trump campaign’s correspondence with X officials in an article on Musk “going all in” to elect Trump. In July, Politico flagged that its reporters had received emails from an individual offering a similar trove of private documents from inside the Trump campaign.

Persons: Donald Trump’s, Elon Musk’s, Ken Klippenstein, Sen, JD Vance, Trump, Klippenstein, Klippenstein’s Instagram, Hunter Biden, Musk, reelect Trump, Tucker Carlson, Kamala, Harris, ” Organizations: New, New York CNN, Elon, CNN, Trump, New York Times, X, Politico, Times, Washington Post, New York, Hunter Biden . Company, Twitter, PAC Locations: New York, ”, New, Pennsylvania

☆ Elon Musk’s X cleared to resume service in Brazil after it obeys court orders
▼ + stars: | 2024-10-09 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Brazil’s Supreme Court cleared X to resume service in the country Tuesday, after the social media platform reversed course and started complying with court rulings that billionaire owner Elon Musk had previously vowed to resist. Supreme Court Justice Alexandre de Moraes, who had been locked in a months-long feud with Musk, gave X the green light to resume operations in Latin America’s largest country effective immediately. In the decision, Moraes said X had met all the necessary requirements to start operating again in the country. Moraes, in his Tuesday decision, ruled that Brazil’s telecommunications regulator Anatel must work to allow X to come back online within 24 hours. A new X representative, lawyer Rachel de Oliveira Conceicao, was tapped in late September, when X also said it had started to block accounts ordered by the court.

Persons: Elon Musk, Alexandre de Moraes, Musk, Moraes, X, ”, ” Juscelino Filho, Luiz Inacio Lula da Silva, “, Rachel de Oliveira Conceicao Organizations: Twitter, Global Affairs, Supreme, Meta Locations: Brazil’s, Brazil, Australia, United Kingdom

☆ A heated election season hangs over the Supreme Court's new term: From the Politics Desk
▼ + stars: | 2024-10-07 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, senior Supreme Court reporter Lawrence Hurley looks at how the upcoming election is looming over the high court as justices return for a new term. The threat of election chaos looms as the Supreme Court returns to actionBy Lawrence HurleyThe Supreme Court returned from its summer break Monday with a new slate of cases to decide, but an issue not even on the docket yet is at the center of attention: the presidential election. “There’s going to be something,” said Nate Persily, an election expert at Stanford Law School and an NBC News contributor. Read more → ⚖️ Georgia abortion latest: The Georgia Supreme Court reinstated a six-week abortion ban, halting a recent lower court ruling that had overturned the law. Read more →The Georgia Supreme Court reinstated a six-week abortion ban, halting a recent lower court ruling that had overturned the law.

Persons: Lawrence Hurley, Mark Murray, Donald Trump, Bush, Gore, George W, Joe Biden’s, “ There’s, ”, Nate Persily, “, Biden, Elon Musk’s, Trump, Read, Lawrence → ⚖️, Lawrence, Amy Coney Barrett, —, Kamala Harris, Donald Trump —, It’s, Harris, it’s, Joe Biden, 🗞️, Ron, Rea, ️ Hur, ste Organizations: NBC, White House, Capitol, Supreme, Stanford Law School, Trump, University of Notre Dame Law School, PBS, Marist College, Sun, aig Locations: Texas, Mexico, Arizona , Georgia, North Carolina, Great, Michigan, Wisconsin, Pennsylvania

☆ Elon Musk: Supreme Court boots X Corp.’s fight with Jack Smith over Trump’s Twitter records
▼ + stars: | 2024-10-07 | by ( John Fritze | ) edition.cnn.com time to read: +2 min

Smith sought Trump’s communications on Twitter, now known as X, as part of the investigation into the former president’s efforts to overturn the 2020 election. Twitter, which argued Trump should be allowed to claim executive privilege over the records, initially declined to comply and was fined $350,000. The company didn’t challenge the search warrant itself but rather the gag order. The government dismissed those concerns, arguing that Twitter itself couldn’t assert any kind of privilege over the records. That investigation ultimately obtained a few dozen direct messages Trump sent and other data connected to the @realDonaldTrump account.

Persons: Elon, Jack Smith, Donald Trump’s, Smith, Trump, X, “, ’, Musk, Trump’s Organizations: Washington CNN, Elon Musk’s X Corp, Twitter, Court Locations: Washington, Washington , DC

☆ Australian court upholds order for Musk’s X to pay fine over anti-child abuse inquiry
▼ + stars: | 2024-10-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SYDNEY, Australia — A court in Australia upheld an order on Friday for Elon Musk’s X to pay a fine of 610,500 Australian dollars ($418,000) for failing to cooperate with a regulator’s request for information about anti-child-abuse practices. X did not immediately respond to a request for comment on Friday. This is not the first conflict between Musk and the Australian internet safety regulator. The eSafety Commissioner earlier this year ordered X to remove posts showing a bishop in Australia being stabbed during a sermon. X challenged the order in court on the grounds that a regulator in one country should not decide what internet users viewed around the world, and ultimately kept the posts up after the Australian regulator withdrew its case.

Persons: Elon Musk’s, X, Musk, “, ”, Julie Inman Grant, eSafety Organizations: Federal, Twitter, X Corp, World Locations: SYDNEY, Australia

☆ Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
▼ + stars: | 2024-10-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently. Ives said that he believes Twitter was really worth around $30 billion when Musk bought it, and today it’s worth closer to $15 billion. “When Musk bought Twitter, investors didn’t realize we’d be taking off on AI as fast as we are,” Munster said.

Persons: Elon Musk, ” Dan Ives, Ives, Twitter, Musk, Kantar, White supremacists, dumbest, Similarweb, Gene Munster, doesn’t, ” Munster, Munster, Musk’s, didn’t, we’d, “ Organizations: New, New York CNN, Twitter, Fidelity, Growth, Musk, Wedbush Securities, CNN, Google, Deepwater Asset Management, xAI Locations: New York, United States, X.com

☆ Audacy completes its financial restructuring and now plans to go private
▼ + stars: | 2024-09-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +7 min

CNN —Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million. The radio giant had filed when it disclosed it was entering a restructuring agreement to reduce debt. Audacy is the second largest radio company in the United States behind iHeartMedia and ahead of Cumulus. Audacy, an internet radio conglomerate, operates hundreds of music, news and sports radio stations. The company, founded in 1968 as Entercom Communications, merged with CBS Radio in 2017, before rebranding as Audacy in 2021.

Persons: David Field, Audacy, ”, strongmen Soros, Soros, Rupert Murdoch, ” Soros, Ajit Pai, Donald Trump, George Soros, Chip Roy, ” Roy, Sen, Ted Cruz, Jessica Rosenworcel, Elon Musk’s, ” “ Soros, “ George soros, ” It’s Organizations: CNN — Radio, “, Bloomberg, Fund Management, FCC, Soros Fund Management, Soros, Democratic, Open Society, New York Post, Cumulus Media, iHeartMedia, Cumulus, CNN, Republican, Rothschilds, fcc, Entercom Communications, CBS Radio Locations: Philadelphia, Hungarian, United States, Texas, U.S

☆ Elon Musk’s X to comply with Brazil court orders after U-turn
▼ + stars: | 2024-09-23 | by ( ) edition.cnn.com time to read: +2 min

The Brazilian Supreme Court asked the social media platform Saturday to present documents validating its new legal representative in the country. X was shut down in Brazil in late August after it did not comply with orders from the top court related to hate speech moderation on the platform. X lawyers said late Friday that the platform had named a legal representative in Brazil, addressing a key demand imposed by the court. X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its local staff. It was not immediately clear which were the accounts X has been ordered to block, as the probe is confidential.

Persons: Elon Musk’s, Alexandre de Moraes, Rachel de Oliveira Conceicao, Musk, Moraes, X Organizations: Brazilian, Court Locations: Brazil

☆ Social media platforms are using what you create for artificial intelligence. Here’s how to opt out
▼ + stars: | 2024-09-23 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

For companies running AI models, social media platforms offer valuable data. He added that he would opt out of allowing LinkedIn use his data for AI training. Different social platforms vary in terms of the options they give users to opt-out of contributing to AI systems. Here’s where some of the major social media platforms may be using your data to train and run AI models, and how (and if) you can opt out. LinkedInLinkedIn this week began giving users the choice to opt-out of having their data used to train it generative AI models.

Persons: New York CNN — OpenAI, —, ” David Ogiste, “, Elon Musk’s, Grok, ”, X, Snapchat, ’ selfies, Reddit Reddit, Reddit, won’t, private.Meta Organizations: New, New York CNN, LinkedIn, Nobody’s, CNN, Microsoft, ”, Media, Services, Google, Meta, Facebook Locations: New York, United Kingdom, Switzerland, Europe

☆ Elon Musk's X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn’t intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk’s, Brazil’s, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, ”, “, Cloudflare didn’t Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, Starlink, India, Turkey, Hungary

☆ Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country's supreme court on Thursday. The court said it would continue to impose "joint liability" on Starlink, the satellite internet service owned and operated by SpaceX, Musk's aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn't intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk's, Brazil's, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, Cloudflare didn't Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, India, Turkey, Hungary

☆ Elon Musk’s xAI accused of worsening Memphis smog with unauthorized gas turbines at data center
▼ + stars: | 2024-08-28 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Elon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding to the pollution problem in Memphis, Tennessee, by using natural gas burning turbines at its new data center, and doing so without a permit. The letter notes that xAI "has installed at least 18 gas combustion turbines over the last several months (with more potentially on the way)." The company has been using the turbines to power the facility, but its long-term plan is to use power from the local utility, Memphis Light, Gas and Water and the Tennessee Valley Authority. MLGW told CNBC that it started providing 50 megawatts of power to xAI at the beginning of August.

Persons: Elon Musk, Musk, xAI, MLGW Organizations: Southern Environmental Law Center, Health Department, Environmental Protection Agency, Memphis, Tennessee Valley Authority, CNBC, SpaceX, Google, Microsoft, American Lung Association Locations: Memphis , Tennessee, Shelby County, Memphis, Tennessee, Shelby

☆ Elon Musk’s X Is Leaving San Francisco. City Officials Say ‘Good Riddance.’
▼ + stars: | 2024-08-24 | by ( Heather Knight | Kate Conger | ) www.nytimes.com time to read: +1 min

San Francisco’s long relationship with X is nearly over — and city officials are far from heartbroken. But city officials are not lamenting the exit. X bears little resemblance to the company that San Francisco wooed with a tax break more than a decade ago, when it was Twitter, to help anchor a budding tech hub in a downtrodden neighborhood near City Hall known as Mid-Market. The pandemic, and Mr. Musk’s 2022 acquisition of the company and subsequent gutting of its work force, reduced the headquarters to a ghost town. “I share the perspective that most San Franciscans have, which is good riddance,” said City Attorney David Chiu, who as a member of the city’s Board of Supervisors backed the tax break that lured Twitter to Mid-Market in 2012.

Persons: Elon Musk, San Francisco, ”, David Chiu Organizations: city’s, Supervisors, Twitter Locations: —, Palo Alto, San Jose ., Texas, City, “, Franciscans

☆ Elon Musk’s X just sued a nonprofit advertising group out of existence
▼ + stars: | 2024-08-09 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform. The end of GARM marks a temporary victory for Musk and X CEO Linda Yaccarino, even though a judge hasn’t made a ruling yet. “Everyone can see that advertising on X is a treacherous business relationship for advertisers,” they said. Following that, brands’ faced issues where their ads were placed next to illegal or harmful content, the group said in a statement. GARM said its group reduced such ads from 6.1% in 2020 to 1.7% in 2023.

Persons: Elon Musk, “, GARM, Linda Yaccarino, hasn’t, ” Yaccarino, Nandini Jammi, Claire Atkin, ”, Ørsted —, ’, Musk, X, CCDH Organizations: New, New York CNN, Global Alliance, Responsible Media, World Federation, Institute, Twitter, CVS, Unilever, Mars, Facebook, Brands, Center, Media Locations: New York, Danish, Texas, Christchurch New Zealand

☆ Former Twitter Board Member Sues Elon Musk’s X For $20 Million in Pay
▼ + stars: | 2024-08-09 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

A former Twitter board member, Omid Kordestani, sued the social media company owned by Elon Musk on Friday, claiming that the billionaire refused to cash out more than $20 million worth of shares. Mr. Kordestani, who joined Twitter’s board in 2015 and helped oversee the sale of the company to Mr. Musk in 2022, received most of his compensation in stock. But after Mr. Musk bought the company, now called X, he refused to pay Mr. Kordestani for those shares, the lawsuit said. A representative for X did not immediately respond to a request for comment. Such a public battle between a former board member and the company he once helped manage is rare — most boardroom disputes are settled quietly behind the scenes.

Persons: Omid Kordestani, Elon Musk, Kordestani, Musk, X “, Kordestani’s, ” Organizations: Twitter, Elon, Court Locations: California, San Francisco

☆ Elon Musk’s X sues ad industry group over alleged advertising ‘boycott’
▼ + stars: | 2024-08-06 | by ( Clare Duffy | Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Elon Musk’s X has accused a group of major advertisers of antitrust violations in a new lawsuit claiming the group conspired to “boycott” advertising on the platform. The lawsuit claims an influential ad industry group organized “to collectively withhold billions of dollars in advertising from Twitter” because the group was concerned that the platform had deviated from brand safety standards after Musk’s acquisition in late 2022. The lawsuit is the latest effort by X to revive its core ad business, which has tanked since Musk’s takeover. It’s not the first time X has filed a lawsuit related to its declining ad business. The suit accuses Media Matters of distorting how likely it is for ads to appear beside extremist content on X.

Persons: New York CNN — Elon Musk’s, Ørsted —, Musk, ”, Linda Yaccarino, “, ” GARM, GARM, It’s, X, CCDH, Angelo Carusone Organizations: New, New York CNN, Twitter, Global Alliance, Responsible Media, World Federation, CVS, Unilever, Mars, “, Center, Media Locations: New York, Danish, Texas

☆ Violent, far-right riots overran some UK cities this weekend. What happened, and what comes next?
▼ + stars: | 2024-08-05 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

London CNN —Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Throughout Friday, Saturday and Sunday, violent protesters congregated in city and town centers across the UK, many of them apparently intent on clashing with police and causing havoc. The gatherings ostensibly started as anti-immigration marches, organized on social media platforms like X and on WhatsApp and Telegram groups. Violence also took place in Sunderland, Middlesbrough, Stoke-on-Trent and several more cities, mostly across the Midlands and north of England. The man in charge of bringing those offenders to justice was Keir Starmer, then Britain’s Director of Public Prosecutions.

Persons: Keir Starmer, –, ”, Constable Lindsey Butterfield, Owen Humphreys, we’ve, ” Starmer, Christopher Furlong, Nigel Farage, Priti Patel, Diane Abbott, Britain’s, Elon, Tommy Robinson, Joe Mulhall, Robinson, Peter Powell, Musk, “, Starmer, underfunding Organizations: London CNN, Labour Party, Protesters, Rotherham, South Yorkshire Police, Middlesbrough, Stoke, Trent, Office, National Police Chiefs ’ Council, “, Downing, Police, . Police, Reform, Conservative Party, Farage, Conservative, CNN, Getty, Public Prosecutions, British Ministry of Justice, State, Justice, PA Media Locations: Britain, Southport, England, WhatsApp, Rotherham, Tamworth, Midlands, Middlesbrough, Sunderland, United Kingdom, Manchester, AFP, ”, British, London, gridlock, Wales, Afghanistan

☆ EU accuses Elon Musk’s X of misleading users
▼ + stars: | 2024-07-12 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: 1 min

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☆ Trump’s company is valued ‘absurdly out of the realm of normal,’ LinkedIn billionaire says
▼ + stars: | 2024-06-25 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

But the LinkedIn co-founder is dumbfounded by the size of the social media fortune former President Donald Trump is sitting on. Trump’s conservative social media company, Truth Social owner Trump Media & Technology Group, is valued by Wall Street at a whopping $6 billion — even after a recent plunge in its share price. “That is wildly high,” Hoffman, who is now a director at Microsoft and a venture capital investor, told CNN. Trump’s stake is worth nearly $4 billionHoffman is hardly the first to express disbelief at the valuation of Trump Media. Based on Monday’s share price, Trump’s 114.75 million shares in Trump Media are valued at nearly $4 billion.

Persons: New York CNN — Reid Hoffman, Donald Trump, ” Hoffman, “, Elon Musk’s, Hoffman, Trump, Meta, —, Jay Ritter, Barry Diller Organizations: New, New York CNN, LinkedIn, Truth Social, Trump Media & Technology Group, Wall, Microsoft, CNN, Trump Media, Nasdaq, Reddit, Meta, Facebook, “ Trump Media, ” Trump Media, Trump, SEC, GameStop, AMC, University of Florida, ” Billionaire, MGM Resorts International, CNBC, White Locations: New York

☆ Trump Media shares are in free fall
▼ + stars: | 2024-06-21 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Truth Social owner Trump Media & Technology Group has gone ice-cold. The weeks-long selloff accelerated in recent days as Trump Media announced it received approval from regulators for a move that threatens to water down the holdings of shareholders. The problem is that even after the recent selloff, Trump Media is still valued in the billions of dollars, and yet it generates very little revenue. Not only that, but Truth Social remains a tiny player in social media, dwarfed by Elon Musk’s X (formerly Twitter), Reddit and even Instagram’s Threads. “Today marks another milestone for Truth Social,” Trump Media CEO Devin Nunes said in a statement on Tuesday.

Persons: Donald Trump, ”, Jay Ritter, Elon Musk’s, Matthew Kennedy, that’s, Kennedy, Devin Nunes, Ritter, Trump Organizations: New, New York CNN, Truth, Trump Media & Technology Group, Trump, Trump Media, University of Florida, Renaissance, GameStop, AMC, Securities and Exchange Commission, ” Trump Media Locations: New York

☆ Elon Musk’s X lawsuit against Media Matters scheduled for trial in April
▼ + stars: | 2024-06-13 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —A lawsuit brought by Elon Musk’s X against the nonprofit watchdog group Media Matters has been scheduled for a trial in April 2025, according to a court filing. Thursday’s order by the US District Court for the Northern District of Texas sets the date for a high-profile showdown over Media Matters’ research highlighting antisemitic and pro-Nazi content on the social media platform. In November, X sued Media Matters, alleging that the group went out of its way to misrepresent the likelihood that users may encounter hate speech on the platform. Media Matters declined to comment. Media Matters President Angelo Carusone has previously called X’s suit “frivolous” and an attempt to silence Musk’s critics.

Persons: Elon Musk’s, X, Angelo Carusone, Musk, ”, Charles Breyer, ” Breyer Organizations: CNN, Media, US, Court, Northern, Northern District of, Center Locations: Northern District, Northern District of Texas, California, Northern District of California

☆ Elon Musk’s X app ran ads on #whitepower and other hateful hashtags
▼ + stars: | 2024-06-06 | by ( David Ingram | ) www.cnbc.com time to read: +12 min

X bans the promotion or glorification of violence and has previously applied the policy to racist and antisemitic content. Before Wednesday, X appeared to have blocked at least three antisemitic hashtags, according to searches of the platform. After NBC News contacted X about the hashtags, 12 of 50 hashtags appeared to be blocked. Of the 50 reviewed hashtags, searches on X for 45 of them returned recent racist or antisemitic posts. On TikTok, 10 of the 50 hashtags returned racist or antisemitic posts, with the rest either blocked or producing other content.

Persons: Elon Musk, Tesla, Elon, Musk, X, hashtags, Adolf Hitler, Anika Collier Navaroli, TikTok, Instagram, Meta, Darren Linvill, Linvill, Megan Squire, it's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, NBC News, Twitter, NBC, Tow Center, Digital Journalism, Columbia University, Musk, Disney, Hyundai, Social, Tech, Meta, Clemson University's, Hitler, Nazi, Southern Poverty Law Center Locations: Beverly Hills , California, Europe

☆ This is the word of the summer on Wall Street
▼ + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.

Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing

☆ Elon Musk’s xAI firm valued at $24 billion as investors pledge more money
▼ + stars: | 2024-05-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion. Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in a blog post on Sunday. Investors, lured by the potential for AI to revolutionize the way people live and work, have thrown huge sums of money at AI companies in recent years. Microsoft (MSFT) is OpenAI’s biggest stakeholder, with a $13 billion investment in the firm. Last year, Amazon (AMZN) announced it would invest up to $4 billion in Anthropic AI in exchange for partial ownership of the company.

Persons: Elon Musk, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok Organizations: London CNN, Elon, Sequoia Capital, xAI, London . Investors, Microsoft, Google Locations: Silicon, Saudi, OpenAI, Palo Alto, San Francisco, London

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