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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)

submitted 7 months ago by vegeta to c/technology

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[–] Buffalox 5 points 7 months ago* (last edited 7 months ago) (1 children)

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.

[–] [email protected] 2 points 7 months ago* (last edited 7 months ago)

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.