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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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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.