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Unveiling the CBDC Controversy: Trump and DeSantis' Stance on Central Bank Digital Currencies

Former President Donald Trump recently reiterated his concerns about central bank digital currencies (CBDCs) during a campaign event in New Hampshire, where he pledged to prevent their creation in the United States if re-elected. Trump's remarks align with a growing apprehension among certain political figures, including Florida Governor Ron DeSantis, who has been vocal in his opposition to CBDCs. DeSantis even went as far as labeling CBDCs as part of "woke politics" and asserting that they are utilized for controlling and surveilling individuals. Trump's stance against CBDCs emphasizes the potential government control over individual finances, a sentiment that has been echoed by Vivek Ramaswamy, a pro-crypto figure and former presidential candidate. The ongoing discourse surrounding CBDCs occurs within a broader discussion on the future of money, as both decentralized and state-backed digital currencies compete for a role in the evolving financial landscape. Key Poi
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Produced by Daniel Aharonoff & Mogul Media AI

Elon Musk's xAI Secures $500 Million in New Funding: Exploring the Future of Artificial Intelligence

Elon Musk's artificial intelligence venture xAI has recently secured a substantial $500 million in new funding, as reported by Bloomberg. This development comes amidst a notable showdown regarding the technology's role within his electric car company. In December, Musk's AI startup formally notified the U.S. Securities and Exchange Commission of its intention to raise $1 billion through an equity offering. Documents revealed that Musk had already obtained over $134 million by that time. The source cited by Bloomberg indicated that xAI is aiming for a valuation between $15 to $20 billion, although the terms are subject to potential adjustments. As of now, Musk has not provided any public statements regarding this fundraising effort.

Key Points Regarding xAI's Recent Funding and AI Developments:

  • xAI's successful funding round comes on the heels of Musk's ambitious plans to advance generative AI technology and compete with OpenAI, a company he co-founded.
  • Musk has been actively promoting his AI model, Grok, as a groundbreaking innovation that will offer real-time knowledge of the world, notably through its integration with Twitter.
  • Following the launch of Grok, Musk and OpenAI's Sam Altman engaged in a public exchange of criticisms utilizing their respective AI technologies.
  • Musk has issued warnings about the potential dangers of artificial intelligence, expressing concerns about its impact on global systems and the workforce.
  • Musk has speculated that AI could eventually surpass human intelligence, leading to a point where human employment may become obsolete.

On Tuesday, the New York Times disclosed that Musk, who also serves as the CEO of Tesla, issued a threat to withdraw his artificial intelligence designs from the company if the board did not comply with his demands. Musk's multifaceted involvement in AI development and his outspoken views about its implications underscore the ongoing evolution and complexities of this cutting-edge technology.

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