Investors thought their money was buying pre-IPO shares in OpenAI, SpaceX, and xAI. The SEC alleges it went to strip clubs, Bloomingdale's, and Amazon instead.
Two new cases add to a growing list of charges tied to the pre-IPO investing boom, though none of the actual companies involved are accused of wrongdoing.
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Our 83-year-old Christian grandmother was euthanised against her will under Canada's assisted dying system - she died covered in blood with her hands clasped in prayer https://t.co/u50K1sT75X
Watch @BenShapiro shut down the AI doomer panel on CNN NewsNight:
“It's fun to talk about the apocalyptic risk because we've all seen apocalypse movies. There is a much more [likely risk] and that is the risk of stagnation. If you stagnate AI, it is probably the beginning of the end of the American economy.
We are currently running into economic dire straits in which T-bills are absolutely getting crushed, in which we have a $40 trillion national debt. The uniparty is for spending enormous amounts of money and never paying for any of it. That is the actual uniparty in the United States.
The only possible escape from that is to reach some sort of escape velocity in terms of productivity, which is why the Trump administration has been pushing AI.”