The Twitter and Musk deal takes another U-turn

Published

8 months ago

October 7, 2022

The Twitter and Musk deal has taken another turn as a judge postpones the trial

The Twitter and Musk deal has changed direction, once again.

A Delaware judge has postponed the Twitter v Elon Musk trial. The moves is to give the Tesla chief executive time to complete his proposed $44bn takeover.

The litigation was halted until October 28 to allow both parties to close the transaction, after Musk said he needed time to put together the funds for the deal.

Judge Kathaleen McCormick said if the deal did not close by her deadline the parties will need to contact her to schedule a November trial.

But Twitter argued the court should reject the proposal, saying Musk’s financing plan is “an invitation to further mischief and delay.”

Twitter and Musk were originally due to face off after announced his decision to walk away from the deal.

Musk has so-far raised $15.4 billion for the takeover by selling Tesla shares and is also leaning on large investors for another chunk of the financing.

There is speculation over whether he may need to sell more Tesla stock to fund the deal.

Is the metaverse the future of social network?

Published

12 hours ago

May 30, 2023

ticker NEWS

U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

Crypto

Global metaverse race

Published

12 hours ago

May 30, 2023

ticker NEWS

China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech

World

Will deepfakes change election results?

Published

13 hours ago

May 30, 2023

ticker NEWS

Artificial intelligence is fuelling concern as deepfakes emerge and challenge the truth

A U.S. House Intelligence Committee warned of the impact deepfakes may have on American society and democracy in 2019.

At the hearing, California Democrat Adam Schiff showed an artificially-generated clip spoofing Senator Elizabeth Warren.

Lawmakers called on social media platforms and companies to take the threat of deepfakes seriously.

More recently, a democracy-distorting video was posted online showing Kemal Kilicdaroglu, the main contender in the Türkiye election, speaking perfect English.

The deepfake phenomenon is fuelling an arms race between fake content creators and those seeking to moderate it.