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Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports

Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports

Reuters26-05-2025

May 26 (Reuters) - Trump Media Group (DJT.O), opens new tab plans to raise about $3 billion to spend on cryptocurrencies such as bitcoin, the Financial Times reported on Monday, citing people familiar with the matter.

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US, South Korea trade ministers reaffirm commitment to reaching tariff deal
US, South Korea trade ministers reaffirm commitment to reaching tariff deal

Reuters

time20 minutes ago

  • Reuters

US, South Korea trade ministers reaffirm commitment to reaching tariff deal

SEOUL, June 24 (Reuters) - United States and South Korean trade ministers reaffirmed their commitment to reaching a deal on tariffs as early as possible during a meeting on Monday, South Korea's Ministry of Trade, Industry and Energy said on Tuesday. South Korea's top trade envoy Yeo Han-koo again sought exemptions from U.S. President Donald Trump's "reciprocal" tariffs as well as tariffs on items such as automobiles and steel, in a meeting with U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jamieson Greer, the ministry said in a statement. Acting U.S. ambassador to South Korea Joseph Yun said at a seminar on Tuesday that there may be new trade talks about the Free Trade Agreement (FTA) between South Korea and the U.S., local online outlet Money Today reported.

Will California Still Offer EV Rebates in the Future?
Will California Still Offer EV Rebates in the Future?

Auto Blog

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  • Auto Blog

Will California Still Offer EV Rebates in the Future?

The future of EVs is under threat If the current administration's plans come to fruition, federal EV tax credits could be eliminated as early as mid‑2025 under proposed legislation. Not only would this hurt the future of EV adoption, but some automakers might backtrack on their EV transition plans and harm the progress made thus far on cleaner vehicles. If you're planning to buy an EV soon, here are a few important things to keep in mind. Chargepoint DC Fast Charger — Source: Chargepoint What's next if federal support disappears? A Senate Republican bill is proposing ending the $7,500 new EV tax credit within 180 days of enactment and eliminating the $4,000 used-EV credit within 90 days. This poses a serious challenge for the national EV market. According to California officials, the state is committed to launching new state-level EV rebates if federal support ends. These future programs will likely be targeted, focusing on low-income buyers, specific vehicle types or brands, and models with lower market share, potentially excluding brands like Tesla to boost competition. In November 2024, Governor Gavin Newsom confirmed that California would propose restoring EV rebates—possibly funded through cap-and-trade revenues—should federal EV tax credits be eliminated. Nissan LEAF What's still available in California? Even with the Clean Vehicle Rebate Project (CVRP) closed, multiple programs remain active in the state: 1. Clean Cars 4 All (CC4A) & Driving Clean Assistance Program (DCAP) Up to $12,000 for EV purchase/lease + $2,000 for home charger Focused on low- to moderate-income households Available for new and used EVs Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 2. Utility Rebates PG&E, Southern California Edison (SCE), and others offer rebates for used EVs: $1,000 for all eligible applicants Up to $4,000 for income-qualified buyers 3. Home Charging Incentives Rebates for Level 2 (240V) charging stations Covers equipment and installation Available through local utilities and clean energy programs GM's Factory ZERO, Detroit-Hamtramck Assembly Center Final thoughts As of now, the situation remains fluid. Automakers, labor unions, government officials, and consumers are all seeking greater clarity on the future of EV incentives and policies. What is clear, however, is that many manufacturers are continuing to invest heavily in electric vehicle production and infrastructure. Despite policy uncertainty, momentum in the EV sector remains strong, and with ongoing discussions at both the state and federal levels, we can expect a clearer picture to emerge in the coming months. If you're considering an EV in the near future, you should act now to leverage existing state and utility rebates and watch for new state-level incentives, especially if federal support ends. The Clean Vehicle Grants Project is a useful resource for money-saving opportunities, while DriveClean is California's official state resource website for buying a non-combustion-powered vehicle.

Users' intimate chats posted to app's PUBLIC feed in latest nightmare for Instagram owner
Users' intimate chats posted to app's PUBLIC feed in latest nightmare for Instagram owner

Daily Mail​

timean hour ago

  • Daily Mail​

Users' intimate chats posted to app's PUBLIC feed in latest nightmare for Instagram owner

Mark Zuckerberg 's foray into AI chatbots has sparked a 'privacy nightmare' with some users' intimate chats and questions shared on to a public newsfeed. Some users unwittingly activated a sharing function, resulting in their conversations with the AI bot to be shared to a 'discover' page available to strangers. This feature sets it apart from more established and well known AI servers, like ChatGPT or Elon Musk 's Grok, in that users who opt in are sharing deeply personal information about their sex lives, finances or health status without realizing that their conversations are being made public. The feed shows off prompts, conversations, and image outputs from other users, similar to the way a Facebook feed works, which is also part of the Meta umbrella. Users have shared their startup businesses, seeking advice or business proposals, while others have plugged deeply personal custody details into the server seeking advice ahead of an upcoming court appearance. Meta spokesman Daniel Roberts told Business Insider that does not automatically share conversations to the discover feed, and that users must 'opt in.' But doing so only requires two steps - clicking 'Share' and then 'Post' - which could be confusing for users navigating the app for the first time. For many accounts, a person's real Facebook or Instagram handle is attached to their profile, meaning they lack privacy if they are unintentionally making posts public. App data suggests has been downloaded 6.5 million times since it debuted on April 29. During a conference hosted by technology company Stripe last month, Zuckerberg suggested that it may actually be better for people to seek out friends, therapists, and even lovers that are all powered by AI. Zuckerberg claimed AI can actually do a better job of knowing the likes and preferences of lonely humans than a human companion. 'I think people are going to want a system that knows them well and that kind of understands them in the way that their feed algorithms do,' Zuckerberg said. 'For people who don't have a person who's a therapist, I think everyone will have an AI.' Zuckerberg added he believes that the average person has a desire for about 15 friends, at which point having more close relationships becomes too much to handle. While Meta's leader may see a future in digital friend circles, the surprising comments almost immediately received pushback from countless people on social media - and other tech industry execs. Meghana Dhar, a former Instagram executive, quickly came out against Zuckerberg's lonely vision of the future, claiming that AI has actually been part of the reason feelings of loneliness have reached epidemic levels. Users have shared their startup businesses, seeking advice or business proposals, while others have plugged deeply personal custody details into the server seeking advice ahead of an upcoming court appearance 'The very platforms that have led to our social isolation and being chronically online are now posing a solution to the loneliness epidemic,' Dhar told The Wall Street Journal. 'It almost seems like the arsonist coming back and being the fireman,' she added. Zuckerberg has been working tirelessly to position Meta in the high-stakes race for dominance in artificial intelligence. Last week, the company made headlines with its $14.3 billion acquisition of Scale AI, securing a 49 percent non-voting stake in the startup and access to its infrastructure and talent - including founder Alexandr Wang, who now leads Meta's new 'superintelligence' unit. The move has triggered backlash from rivals, with OpenAI and Google severing ties with Scale over conflict-of-interest concerns, the New York Post reported. With plans to spend $65 billion annually on AI by 2025, the technology company is 'betting big.' But, the ambitious approach comes with risks, including mounting costs, regulatory scrutiny, and challenges in retaining top engineering talent. As of Friday, Zuckerberg was the world's second-richest person, with a net worth of $245 billion, according to the Bloomberg Billionaires Index. Zuckerberg's evolution from a traditional Silicon Valley liberal to someone increasingly aligned with Donald Trump, 79, has become a hallmark of his leadership at Meta. Once known as a low-profile, hoodie-clad Democrat, Zuckerberg has reshaped his public persona - appearing shirtless in MMA training videos, sporting gold chains, flaunting luxury watches and appearing on Joe Rogan's podcast. His public praise for Trump and reductions in content moderation at Meta have further intensified concerns about the company's ideological direction, the Financial Times reported.

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