Business, Financial & Legal News - Page 1
Elon Musk has "semi-separated" from Grimes and will continue on separate paths, where they'll co-parent their one-year-old son X Æ A-12.
Musk spoke with Page Six where he said: "We are semi-separated but still love each other, see each other frequently, and are on great terms. It's mostly that my work at SpaceX and Tesla requires me to be primarily in Texas or traveling overseas, and her work is primarily in LA. She's staying with me now, and Baby X is in the adjacent room".
The couple made their big public debut at the Met Gala back in 2018, and their son was born in May 2020 kicking up headlines as Musk and Grimes named him X Æ A-Xii. But it's okay, you pronounce it "X Ash A 12" so that'll be easier for kids in school (I'm sure he'll be trained by an AI or something anyway) to tease him.
Ryff is going to be a name that we hear more and more over the next few years, with ex-AMD Studios boss Roy Taylor staffing up with another ex-AMD executive, Nick Knupffer.
Knupffer joins the company from Cornelis Networks and prior to that, AMD -- where he will be the SVP Marketing and Communications for Ryff in their new UK offices. Knupffer will be joined by Harry Charalambous who is joining Ryff in their new UK offices as the Director of Sales for Europe.
Nick brings with him decades of experience in the tech industry, with 16 years at Intel and previously with AMD as the head of brand and creative. After AMD he joined Cornelis Networks and has now moved into the world of Ryff. Nick's fellow ex-AMD gaffer, Roy Taylor, CEO of Ryff, said: "Digital advertising is a global industry and expanding our footprint beyond the US was a clear next step".
The United Nations has cranked its fear-mongering blaster that has been fixated on the planet for a while now, to 11, with United Nations Secretary-General Antonio Guterres warning the world and the nations that attended the 76th General Assembly session -- with Bill Gates even attending -- that all 193 member states need to do what Neo was asked to do by Trinity in The Matrix and "wake up" as solidarity is the only way out of this. Right.
Guterres said: "We are on the edge of an abyss. We face the greatest cascade of crises in our lifetimes".
He added: "Human rights are under fire. Science is under assault. And economic lifelines for the most vulnerable are coming too little and too late -if they come at all. A surplus in some countries. Empty shelves in others. This is a moral indictment of the state of our world. It is an obscenity. We passed the science test. But we are getting an F in Ethics".
The US government is about to hit its debt ceiling, with renewed concerns over the economy looming as the Benjamins tick over, with Senate Minority Leader Mitch McConnell not budging on refusing GOP assistance on increasing the debt ceiling.
McConnell said that Democrats need to raise it in order to finance their huge social spending plans on healthcare, education, and childcare. Business Insider reports that there is a loophole in solving this issue, where instead of raising the debt ceiling, the Treasury Department has the power to mint a $1 trillion platinum coin.
The $1 trillion platinum coin would be minted and then deposited at the Federal Reserve, and then the US government would continue away paying its bills like nothing happened -- without the debt ceiling being raised. But then the not-so-federal Federal Reserve has that $1 trillion platinum coin in their possession.
The global chip shortage has been hitting industries across the board, including 5G phones, graphics cards, and cars, with critical components holding back the production of finished goods. In the past, Intel has been able to avoid being the bottleneck in production, but it seems that the shortage has been sneaking up to Intel's doorstep. Although Intel CEO Pat Gelsinger recently made predictions that the shortage will get worse in the "second half of this year," it seems that the company had already been experiencing an extremely low inventory on mobile and other low-power CPU parts for months.
Intel's problems with the low inventory became noticeable in the middle of March. At the onset, manufacturers stated that the delays were due to global shipping issues related to the pandemic. In early April, specific products in the channel had their supplies quickly drying up, with vendors giving estimates of 3-4 weeks for orders that were placed in March. By the end of April, after notifying some customers of additional delays, those dates had slipped to the end of June. We had been hearing rumors in April from our sources that shipping delays were not necessarily the issue, but increased demands by specific partners were causing the shortages.
This story played well until we saw similar issues with Intel's larger partners. International computer manufacturer Lenovo shifted their estimated delivery dates from mid-June to October. One of Intel's largest partners, Dell, went even as far as to start proactively contacting customers stating that they would be unable to ship specific system configurations that had been accepted and recommended other models due to constraints on acquiring specific CPUs.
It's not like it wasn't expected, where nearly 6 months ago I was writing news about up to 25% increases in chip prices by TSMC -- and now we have The Wall Street Journal all but confirming it.
According to sources of The Wall Street Journal (with the article dated June 21... yet it seems everyone is reporting on it like it's new), TSMC (Taiwan Semiconductor Manufacturing Company) will be increasing chip production costs by up to 10-20%. For the more advanced chips that the likes of Apple, AMD, Intel, NVIDIA, Qualcomm, and others have TSMC make for them -- costs could increase up to 10%.
Meanwhile, less advanced chips fabbed by TSMC will increase by up to 20% according to The Wall Street Journal's sources. TSMC is the only player in the game able to do what it does right now, so they can do, and charge whatever the hell they want and get away with it. It's not like AMD, Apple, Intel, NVIDIA, and Qualcomm can go get their chips fabbed at this level, in this quantity, anywhere else on the planet -- and that's why China has its targets set on Taiwan.
NVIDIA is seeing its acquisition of Arm impeded in multiple ways, with the gigantic acquisition that is worth up to $54 billion hitting speedbumps with the FTC and now the EU.
The European Commission will raise their concerns from regulators soon, with NVIDIA saying it is ready to answer "any concerns" the board may have about its acquisition of Arm. NVIDIA is expected to notify the commission in early September of its plans to acquire Arm -- at this time, the EU regulators will look into the inner movements of the $54 billion deal.
There are the obvious concerns that a US company is buying a major UK company, with the UK government concerned of the deal over what they're calling national security, and the fact that NVIDIA will gain access to Arm and its vast IP... and block it from being used on their competitors' products. Arm chips are used in many more technology products than people know, and you'd be giving those keys to NVIDIA.
I stumbled onto someone sharing an anonymous post from 4chan, which might turn out to be totally full of shit, but with the way the world is going right now -- Afghanistan, is one large part, and secondly -- China invading Taiwanese airspace and the Taiwan government preparing for war, it kinda makes sense.
A new post on 4chan starts off with: "You're probably going to have to see it in action to believe it" and then dives right into what could be a horrific event in the very near future. The poster warns of China invading Taiwan, but that an "agreement in principle has been reached" between the US and China over this upcoming attack.
The post explains: "Low-level, preliminary negotiations have been completed and an agreement in principle has been reached between the United States and China concerning Taiwan. There are approximately 6 people who are aware of this in the United States up until right now".
OnlyFans will be changing in a huge way starting October 1, 2021 when sexually explicit material will be banned from its website, with "sexually explicit conduct" no longer allowed to be posted.
Creators will be able to post nude photos and videos, but it will have to be under the new rules within OnlyFans' new policy. The thing is, no one knows what that policy is just yet -- nudity is still allowed, but sexually explicit conduct is banned. Confused face.
Recently, payment companies like Visa and MasterCard have been acting as much larger gatekeepers between consumers and companies, with updated requirements for banks that process payments for websites that offer and sell adult content.
It shouldn't surprise you by now, but President Trump was fighting battles in every single corner for over 4 years but the battle at the end was really just an algorithm...
We now have Google whistleblower Zach Vorhies explain how the Big Tech search giant "re-wrote their news algorithms to specifically go after Trump", something he reveals in his new book Google Leaks: A Whistleblowers Expose of Big Tech Censorship, and during an interview with the Epoch Times. In the interview, Vorhies shows he has internal Google documents that shows how the company ranks news stories.
Vorhies explains: "This is called realtime, hive-mind scoring. They literally built it, they re-wrote it according to the fight that Trump was having with [James] Comey".