Japan's semiconductor industry is reviving after a decline in the 1980s. The country has unlocked billions of dollars in subsidies for the sector. Rapidus Corporation, founded in 2022 by the Japanese government and eight domestic companies, aims to develop and manufacture advanced semiconductors.

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SpaceX, an aerospace company, has repeatedly polluted waters in Texas this year, with 14 complaints alleging environmental impacts filed in the Harlingen region. The company is seeking permission to conduct up to 25 annual launches and landings of its Starship spacecraft and Super Heavy rocket at its Boca Chica facility. Notices of violation could delay approvals and result in civil monetary penalties, further probes, and criminal charges.

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The European Commission warned Elon Musk and CEO Linda Yaccarino that X Corp. may face penalties and restrictions in Europe if it doesn't address the spread of illegal content, including incitements to violence and hate speech, on its social media platform. The warning comes in the context of recent events in the United Kingdom and a planned broadcast on X of a live conversation between a US presidential candidate and Elon Musk, accessible to EU users.

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OpenAI, founded in 2015 by Sam Altman, Greg Brockman, and Elon Musk, has grown into a prominent leader in AI development. The company released ChatGPT, a chatbot that can answer user questions in a human-like manner, and generates annual revenue of $3.4 billion. Elon Musk departed the company in 2018 to avoid a conflict of interest with his other company, Tesla.

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Former YouTube CEO Susan Wojcicki, who was also an early Google employee, has died at the age of 56 after a 2-year battle with non-small cell lung cancer. She led YouTube for nearly 10 years and was one of the few women to hold the CEO role at a big tech company in Silicon Valley. Her husband Dennis Troper and Google CEO Sundar Pichai shared the news on Facebook.

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Institutional investors bought the dip in bitcoin and ether, with spot ether exchange-traded funds seeing net inflows of around $120 million this week. The selloff wiped out $367 billion in value, but the new investors were not deterred, buying in on Monday and Tuesday when the world's second-largest cryptocurrency was down 42% from its March price high.

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Venezuelan President Nicolas Maduro ordered a 10-day ban on social networking platform X, owned by Elon Musk, after accusing him of violating Twitter's rules by inciting hatred, fascism, and civil war among Venezuelans. The decree was signed by Maduro and will be enforced by the Venezuelan telecommunications regulator.

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Sen. Elizabeth Warren is questioning Tesla's board about CEO Elon Musk's use of company resources to benefit his other ventures, including SpaceX and xAI. She claims the board is failing to meet its fiduciary duties to shareholders by neglecting to address Musk's conflicts of interest. Warren has expressed similar concerns in the past, including requests to the SEC to investigate Musk and Tesla.

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Ola Electric, backed by SoftBank, priced its shares at 76 rupees ($0.91) in its initial public offering (IPO) in Mumbai, raising over $730 million. The company, founded by Bhavish Aggarwal, CEO of Ola Cabs, makes electric scooters and shipped its first product two-and-a-half years ago. Shares surged 20% on their market debut, valuing the Indian electric vehicle startup at around $4.8 billion.

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Chinese electric vehicle brands Zeekr and Xpeng have debuted in Singapore, with Zeekr launching the Zeekr X premium SUV starting at SGD 199,999 and Xpeng opening a pop-up showroom to test drive the Xpeng G6 electric SUV starting at SGD 209,999. The government is promoting EV adoption with extended incentives and charging points.

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