Latest news with #Elon
Business Insider
3 hours ago
- Business
- Business Insider
The Sovereign AI Revolution Reshaping Nations and Markets
Hi, and welcome to Being Exponential, where we explore markets, the economy, tech, and lifestyle through the lens of exponential change. We missed last week because I was in Montana with my family, unwinding at Flathead Lake near Glacier National Park. I spent summers there as a kid, and now I take my little ones up each year. As plugged-in as I am, there's something special about disconnecting – but I did get to try out Elon's Starlink, which delivered blazingly fast internet in a place where cell service barely exists. It's a reminder that exponential tech is reaching every corner of the world, whether we want it to or not. Of course, the markets and news never sleep. And as I was in Montana, tensions continued rising in the Middle East. Israel and Iran have exchanged strikes, and betting markets like Polymarket now show a 70% probability of U.S. military action against Iran. That's up from 40% just weeks ago. Despite this, markets remain calm. Why? Because AI is the signal. Without the anchor of exponential innovation, geopolitical shocks like this would send markets spiraling. Instead, investors are looking past conflict, focusing on a more profound transformation: sovereign AI. The Rise of Sovereign AI Sovereign AI isn't about chatbots or poetry. It's about AI built by nations, for nations, to run nations. We're talking about systems that: Manage national energy grids Control missile defense and security infrastructure Overhaul country-wide healthcare operations Streamline bureaucracy with tech-company-level efficiency This is the deepest-pocketed AI race on the planet, and it's accelerating: OpenAI just landed a $200M Pentagon deal Nvidia (NVDA) is building sovereign AI with Germany Gulf states are pouring billions into sovereign AI ecosystems Countries that lead in sovereign AI will dominate economically, militarily, and politically. Imagine government services running like Amazon (AMZN). Permits would be processed in minutes. Potholes could be fixed before you know they exist. That's not a dream; It's the direction we're heading, driven by necessity as nations wrestle with debt and deficits. This trend is sparking an AI infrastructure supercycle. While consumer AI has seen its initial surge, sovereign AI is where the next trillion-dollar opportunities lie. That's why AI builders and chipmakers remain compelling – even in a choppy market. From Training to Thinking Machines A major evolution is underway. We're moving from training-centric AI – massive models preloaded with data – to inferencing-first AI that can think, adapt, and problem-solve on the fly. This shift favors a broader chip ecosystem. Whereas the Training Era was dominated by Nvidia's GPUs, the Inferencing Era is seeing new demand for TPUs, XPUs, and vision chips. Even grabbing 1% of Nvidia's projected $250B revenue pie by 2027 could mean billions for upstarts like Ambarella (AMBA) or Lumentum (LITE). This is a foundational shift in global governance. Sovereign AI will: Slash inefficiency Supercharge defense Rewire public infrastructure Drive economic supremacy The stakes are existential: nations that fail to lead in sovereign AI risk falling behind economically, militarily, and geopolitically. But the upside is generational – those who get it right will redefine how governments function, how citizens live, and how power is distributed on a global scale. This isn't a tech upgrade. It's a new operating system for civilization. The sovereign AI revolution isn't coming. It's here. It's scaling fast. And it's rewriting the rules of governance, security, and innovation in real time.
Business Insider
12 hours ago
- Business
- Business Insider
Telegram boss Pavel Durov says all his 100-plus kids will get a slice of his $13.9 billion fortune — eventually
Telegram cofounder and CEO Pavel Durov said all of his 100-plus children will get a slice of his billions — eventually. The boss of the messaging platform told French outlet Le Point that he's the "official father" of six children from three partners, and has more than 100 offspring in 12 countries after donating his sperm. "I make no difference between my children. There are those who were conceived naturally and those who come from my sperm donations," Durov said. "They are all my children and will all have the same rights. I don't want them to tear each other apart after my death." The Russian-born entrepreneur has an estimated net worth of almost $14 billion, per the Bloomberg Billionaires Index. "I wrote my will very recently ... I decided that my children would not have access to my fortune until a period of 30 years has elapsed, starting from today," he told Le Point. "I want them to live like normal people, to build themselves up alone, to learn to trust themselves, to be able to create, not to be dependent on a bank account." Durov explained that he wrote a will despite only being 40 because his work involved risks and he had enemies from within "powerful states." He set up Telegram in 2013 after previously founding the Russian social media network VK. Telegram has about one billion active users globally. Durov was arrested last year after French authorities accused him of being complicit in allowing criminal activity to occur on Telegram. He again denied all the criminal charges laid against him. In an interview with Tucker Carlson earlier this month, Durov said he was still unable to travel freely almost a year after being arrested. Asked about the comparisons with Elon Musk, he told Le Point he was very different to the world's richest person: "Elon runs several companies at once, while I only run one. Elon can be very emotional, while I try to think deeply before acting — but that can also be the source of his strength." Fitness fan Like Durov, Musk also has a number of children. In March Neuralink executive Shivon Zilis said she'd had her fourth child with the Tesla CEO. In response to a comment about his youthful appearance, Durov said his exercise routine involved 300 push-ups in a row, followed by 300 squats. "I don't drink alcohol, coffee, or tea, I don't smoke and I stay away from sugar," Durov added.
Business Upturn
2 days ago
- Business
- Business Upturn
BROCCOLI ($F2B) Surges Past $5M Daily Volume as Founder Burns 81.5% Supply and CTO Meets CZ at Binance Demo Day
Dubai, UAE, June 18, 2025 (GLOBE NEWSWIRE) — In a stunning show of momentum and integrity, BROCCOLI ($F2B) has erupted past $5 million in daily trading volume, capturing the attention of the global crypto scene. Following one of the cleanest and boldest acts in DeFi history—the founder burning 81.5% of the token supply just days after launch—BROCCOLI's rise has been nothing short of revolutionary. The movement gained even more legitimacy when the project's CTO was seen alongside CZ at Binance Demo Day, solidifying BROCCOLI's position at the center of crypto's cultural and financial evolution. As the broader crypto landscape struggles with hype cycles, centralized manipulation, and short-term speculation, BROCCOLI is cutting through the noise with a mission rooted in transparency, cultural value, and community-driven growth. Dubbed the 'Meme Redeemer,' $F2B stands as a purpose-driven alternative—not just following in the footsteps of DOGE and SHIB, but evolving their legacy into something deeper, more sustainable, and globally relevant. Born of Purpose, Fueled by Community BROCCOLI didn't launch with corporate backing or influencer deals. It was born from conviction. With zero KOL payments, no VC funds, and no marketing budget, it has grown into DeFi's most organic and resilient community. Thousands of songs, videos, and microfilm series have been created by the community, for the community, spanning across 70+ countries. It's already listed on 10 major exchanges, featured in Binance Alpha, and now on the radar for a potential Binance Spot listing. But what truly sets BROCCOLI apart is its origin story: On day 3 post-launch, the founder burned 81.5% of the total supply, tokens he personally purchased. This act of radical transparency instantly made BROCCOLI one of the cleanest projects in crypto history, with a bubble map as pure as its purpose. BROCCOLI: A Movement, Not a Moment BROCCOLI (ticker: $F2B) is not a gamble; it's a culture-driven ecosystem powered by its community and fueled by a groundbreaking innovation: Proof of Labor (PoL). This is the first meme coin that rewards actual contributions from developers and marketers to content creators and educators. If you build, you earn. 'We're not just building wealth; we're building history,' says the BROCCOLI core team. 'While others obsess over pumps, we produce culture, elevate voices, and educate communities.' Based in Dubai, the world's crypto capital, the BROCCOLI team serves as leading representation ambassadors for the decentralized movement. The project is now a fixture at major national and international events, including Crypto 2024 Global Summit, Binance Blockchain Demo Day, Binance Clubhouse Gatherings, Token2049 Dubai, Future Blockchain Summit and many more. With a powerful IP narrative inspired by CZ's real-life dog, a symbol of loyalty, resilience, and quiet strength, BROCCOLI reclaims the soul of crypto. DOGE had Elon. BROCCOLI has CZ's dog. Where will the world's most iconic crypto figure take us next? Core Values That Define BROCCOLI Proof of Labor (PoL): A first-of-its-kind model that rewards real contributions, not idle staking. A first-of-its-kind model that rewards real contributions, not idle staking. Global Reach: Active in over 70 countries with upcoming merchant integrations. Active in over 70 countries with upcoming merchant integrations. Cultural Juggernaut: 24+ original songs, viral videos, and growing media campaigns. 24+ original songs, viral videos, and growing media campaigns. Fair Launch + Historic Burn: No presale. No VCs. The founder burned 81.5% of the supply forever. No presale. No VCs. The founder burned 81.5% of the supply forever. True DAO Governance: 100% community-driven with zero centralized manipulation. 100% community-driven with zero centralized manipulation. Skyrocketing Momentum: Over $5 million in daily trading volume in the past two weeks. Led by Real Builders BROCCOLI is now helmed by a CTO team with decades of experience in both DeFi and traditional finance, leaders who have overseen multi-billion-dollar projects. It's no longer a grassroots movement, it's a maturing force built for longevity, scalability, and real-world impact. Join the Meme Redeemer Movement Crypto doesn't need another empty token. It needs meaning. It needs culture. It needs $BROCCOLI. Be more than a bystander. Be a builder. Be a believer. Be a Meme Redeemer. Follow $BROCCOLI: About BROCCOLI BROCCOLI ($F2B) is more than a meme coin, it's a cultural revolution redefining what crypto stands for. Inspired by CZ's real-life dog and built with zero VC backing, BROCCOLI is 100% community-driven and governed by a true DAO. With 24+ original songs, viral microfilms, and a global community spanning 70+ countries, BROCCOLI merges culture, utility, and financial empowerment into one unstoppable movement. Born from purpose and fueled by passion, BROCCOLI is the Meme Redeemer leading crypto back to its roots. Website | Twitter | Telegram | DEXScreener | TikTok BROCCOLI Khalid Shaath [email protected] Disclaimer: The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Bloomberg
3 days ago
- Business
- Bloomberg
Can ‘MAMUWT' Be to Musk What ‘TACO' Is to Trump?
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Hindustan Times
3 days ago
- Health
- Hindustan Times
Elon Musk shares drug test results weeks after bombshell ketamine report, verbal spat with Trump
Amid circulating rumors of drug addiction, recent testing results have revealed that Elon Musk tested negative for fentanyl, ketamine, and a host of additional substances. Just weeks after a shocking investigation revealed that the billionaire was addicted to stimulants, psychedelics, and ketamine during his stay in the White House, Musk posted a picture of the results on X this morning with the word, 'lol.' The picture seems to indicate that on June 11, a few days after his intense verbal altercation with President Donald Trump, in which he was referred to as a 'big-time drug addict,' Elon tested negative for 22 substances, including benzodiazepines, amphetamines, ecstasy, cocaine, ketamine, opioids, cannabis, and fentanyl. Also Read: Minnesota shooter Vance Boelter's alarming notes reveal his disturbing plans; Did they include Jeff Bezos' ex-wife? Musk's urine test was conducted by Fastest Labs of South Austin, Texas. In the past, Musk stated that he had been prescribed the potent anesthetic ketamine for depression. The findings follow a shocking New York Times article that said Musk was using so much ketamine that it was starting to impair his bladder, possibly causing discomfort and control problems. According to sources, Musk traveled with a daily pill box containing roughly 20 different drugs, including Adderall, and used psychedelic mushrooms and ecstasy. Despite the negative drug test findings, urine drug tests have a one- to seven-day detection window. Substance misuse can be detected up to six months in advance using other methods, such as hair follicle screenings. This implies that Musk might have a history of drug misuse and that he may have just stopped using narcotics for a few days. Earlier, the Tesla CEO published a post from an X user that said, "If Elon is on any drugs, I want what he's having." 'I tried *prescription* ketamine a few years ago and said so on X, so this is not even news. It helps for getting out of dark mental holes, but haven't taken it since then,' Musk wrote in his defense. Additionally, he charged that the NYT had fabricated their report.
