Elon Musk says Tesla owners will soon be able to text while driving, despite it being illegal in nearly all 50 states

SpaceX, founded by Elon Musk, is reportedly discussing a record valuation that could exceed $800 billion, with plans for an initial public offering (IPO) as early as 2026. This valuation would surpass OpenAI's previous record of $500 billion, indicating significant investor confidence in SpaceX's future prospects.

A recent study has revealed that AI reasoning models consume, on average, 30 times more energy to respond to 1,000 written prompts compared to alternatives that do not utilize such models. This significant energy tradeoff raises concerns about the sustainability of these technologies in the long term.

The European Commission has imposed a fine of €120 million on Elon Musk's social media platform, X, citing violations of new digital regulations, including issues related to deceptive practices and user safety. This action reflects ongoing scrutiny of tech companies operating within the EU's regulatory framework.

Cathie Wood's ARK Investment Management has made significant cuts to its holdings in major tech stocks, specifically reducing its positions in Meta Platforms (META) and Tesla (TSLA), as indicated by filings for December 4. This move has raised concerns among investors regarding the stability of these mega-cap stocks that have been pivotal in the recent AI-driven market rally.

Elon Musk and Bill Gates have expressed concerns that artificial intelligence (AI) could eliminate all jobs within the next 20 years. However, recent data from LinkedIn indicates that hiring demand is actually on the rise, contradicting these predictions and providing a more optimistic outlook for the job market, particularly for Generation Z.

Former President Donald Trump has expressed a desire to expand health savings accounts (HSAs), which are currently being utilized by wealthier Americans for non-medical expenses such as gym equipment and saunas, while poorer Americans are unable to use them for insurance premiums. This raises concerns about the accessibility and equity of healthcare financing.

The SEC is moving towards reducing transparency and accountability in public markets by considering changes that would facilitate the conversion of public companies into private entities. This shift raises concerns about the implications for investor protection and market integrity in the 21st century.

Elon Musk's social media platform, X, has been fined $140 million by European regulators for allegedly engaging in deceptive practices. This legal action highlights ongoing tensions between tech companies and European regulatory frameworks, particularly concerning compliance with local laws.