Michael Jordan is slated to testify in a federal antitrust trial against NASCAR, as his co-owned 23XI Racing team, along with Front Row Motorsports, alleges the racing circuit is a monopoly. The lawsuit, filed in 2024, claims NASCAR limits team revenues and freedom by requiring standardized cars and parts from approved suppliers. The teams are also contesting NASCAR’s charter system and the league’s control over track approvals. Jordan has stated he is fighting for the rights of smaller teams as well.
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Elon Musk’s proposed $97.4 billion bid for OpenAI has sparked considerable controversy and apprehension. The sheer scale of the offer itself is staggering, raising immediate questions about the financial feasibility and potential ramifications of such a monumental acquisition. Many are questioning where Musk intends to source such a massive sum, especially given the recent financial struggles of several of his companies, including Twitter, and the fluctuating value of Tesla stock. The concern is that this bid might be another reckless gamble, potentially jeopardizing OpenAI’s future.
The potential for Musk to acquire OpenAI has ignited widespread alarm over the possibility of a single entity wielding such immense power over a technology as transformative as artificial intelligence.… Continue reading