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Musk takes to the stand for day two of the Tesla trial

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Tesla CEO says he believed he had secured funding to take the company private

 
Tesla CEO Elon Musk took the stand for a second day on Monday in the trial over allegations he misled investors when the billionaire tweeted in 2018 that he had “funding secured” to take the electric car company private.

Musk testified that he was sure he had backing from Saudi financiers at the time but said the fund later backpedaled on its commitment.

Musk acknowledged he did not discuss a takeover price with representatives of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, but said they made clear they would do what it took to make a buyout happen. And he said he was “upset” when they later “appeared to be backpedaling.”

The lawyer for the investors told the court that written evidence does not support Musk’s claim that the Saudi fund made a commitment to him, adding that minutes of a meeting between Musk and the Saudis showed they wanted to learn more about Musk’s plan.

Investors say they lost millions as a result of Musk’s Aug. 7, 2018 tweet saying that he had “funding secured” to take Tesla private at $420 per share.

Tesla’s stock price surged after Musk’s tweets, and later fell as it became clear the buyout would not materialise.

Musk testified that when he sent the tweet, he was saying “not that it will happen, but that I am thinking about it” and that funding was secured, in his “opinion.” #trending #featured

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Google’s AI-powered search engine goes wild

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Google’s AI-powered search engine has been suggesting unconventional combinations, leaving users bewildered and even concerned at the results.

Users have taken to social media platforms to express their astonishment and amusement at the unusual search results.

Dr Karen Sutherland from UniSC joins to discuss. #featured #trending

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Tim Cook eyes a worthy successor to the Apple empire

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As Apple CEO Tim Cook’s tenure at the company enters its later years, speculation swirls regarding who will succeed the tech giant’s iconic leader.

On this episode of Ahron & Mike Live – Canva makes a break for Broadway, AI has been likened to a ‘demigod’, astronomers develop new tech to counter asteroids and has Apple found its next successor? #featured

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Netflix CEO is confident AI will not replace writers

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Netflix CEO Ted Sarandos reassured writers that artificial intelligence won’t replace them or jeopardize their jobs.

While acknowledging AI’s role in content recommendation and production efficiency, Sarandos emphasised the importance of human creativity in crafting compelling narratives.

Tom Finnigan from Talkingbrands.ai joins to discuss.

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