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Elon Musk's xAI plans to build 'Gigafactory of Compute' by fall 2025 — using 100,000 Nvidia's H100 GPUs
(www.tomshardware.com)
this post was submitted on 26 May 2024
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Fraud.
Yes, you are out of the loop.
Makes very little sense to downvote this, there are several points where Musk could go to jail. Both regarding fraud towards investors and also customers.
Probably the most obvious case is that Musk claimed in 2019 it would be possible to earn money on owning a Tesla, because it would be able to be used as a robo taxi by 2020.
But Full self driving required for Robo Taxi is still nowhere near ready.
He also claimed that Tesla would NOT depreciate like other cars, because they are the most future proof cars you can buy.
But Tesla cars have since depreciated faster than almost any other car, in part because of Tesla price reductions, and in part because the promises came to nothing.
There could also be situations considering Hyperloop, where he promised faster and cheaper public transport, and that it was actually easy to make. But the projects he has accepted all came to nothing.
There may be cases on his promises every year since 2016 that Tesla cars would be capable of FSD next year.
He has also made wildly exaggerated promises about SpaceX, that may constitute fraud towards investors. Starting a Mars base 2022, and manned missions 2024, I don't recall any SpaceX Mars missions.
People have invested their pensions on these false claims, and at some point, I have no doubt they will result in lawsuits, at least some of them.
Thanks much for this. Frankly it's the Stochastiv Terrorism (buying twitter, banning accounts handpicked by the Andy Gno type, iirc, promoting anti-freedom-from/of-gender types, promoting zionists and anti-semites (but I repeat myself)...the general trend of amplifying danger for folks who whom the world is already primed to scapegoat or antagonize. It's harmed journalism and is moving the electoral overton window to the far-right.
Yes it does seem the far right is doing better than they should be, this is unfortunately also the case in Europe. And it has very much to do with systematic control and manipulation of both normal media and social media by the 1%.
Thank you for elaborating. Surely any credible allegations are being pursued by the DOJ and you can reference them.
While this wasn't treated as fraud, Musk did lose his $55 billion bonus as deemed an insider job, where Musk controlled the board to the detriment of other shareholders. Here (Denmark) we had a similar case in principle but by a majority shareholder (although much smaller), that resulted in 7 year jail time for the CEO/Stock majority holder that did it.
https://thehill.com/regulation/court-battles/4438387-judge-rules-musk-must-give-up-tesla-compensation-worth-billions/
Why musk isn't in jail for this IDK, but IMO he should be, and by better standards he would be.
Because he's the pride and token of US (and their greenwashing). AND the US already poured too much of the taxpayers' money into SpaceX & Tesla. To announce that they basically got granny-scammed by one loudmouth would be to destroy your international cred.
Google, I'm not your personal assistant.
I’m not the one committing libel my dude. You clearly can’t back up your feelings. You could have just mentioned something like FSD but apparently it’s easier to lash out.
I can back up my feelings, I just don't have to. Not when I'm "required to present proof" by a rando with an internet access.