With Backing of Tesla Board, Musk Decides to Fight SEC
Elon Musk has decided to fight the SEC and reject the agency's plan to settle its case against him. The SEC is battling back, extending the length of Musk's suspension as chairman of Tesla and doubling the fine against him.
"Tesla's stock has rebounded this week, reflecting investors' relief that Mr. Musk will remain as chief executive while the company puts mechanisms in place to curb his increasingly impulsive behavior," writes James B. Stewart in The New York Times. "But it remains to be seen how effective the board can be, given Mr. Musk's erratic temperament and his dominant role in the company."
On Thursday, a federal judge responsible for overseeing the settlement asked the SEC and Tesla to justify the terms of the agreement, adding another potential roadblock to an easy resolution. U.S. District Judge Alison Nathan said the court needs to make sure the settlement is "appropriate," according to a post by Robert Ferris in CNBC.
Paul Allen Fighting Recurrence of Non-Hodgkin's Lymphoma
Microsoft co-founder Paul Allen says his non-Hodgkin's lymphoma has returned, but also says he's optimistic about fighting the disease. Allen is founder and chairman of Vulcan Inc. and owner of the Seattle Seahawks and the Portland Trail Blazers.
"Non-Hodgkin's lymphoma is a type of cancer that originates in the lymphatic system, a disease-fighting network that parallels the bloodstream," writes Alan Boyle in GeekWire. "It's called "non-Hodgkin's lymphoma" to differentiate the condition from a different type of lymphoma known as Hodgkin's disease."
Bill Gates, Microsoft's co-founder and former CEO, and Satya Nadella, Microsoft's current CEO, expressed support and optimism for their colleague. "I share his optimism about the progress in medicine and admire his tenacity. He can beat this again," Gates wrote on Twitter.
What Quantum Computing Can and Cannot Do
Ten years ago, many people dismissed artificial intelligence as wildly futuristic. Today, AI is baked into thousands of products and services. I wouldn't say that AI has become commonplace, but it's certainly has become a practical reality for most of us.
That's why I wonder what people are thinking when they dismiss quantum computing. Some of the largest tech companies in the world are working hard to develop quantum computers, and I find it hard to believe they're investing in quantum technology purely for the sake of scientific curiosity.
Quantum computing might not be ready for prime time, but I have a hunch IT will be using quantum tech sooner rather than later. Quantum computers won't replace our laptops in the next 18 months, but that won't stop our colleagues and peers from asking us questions about how quantum computing works.
In case you're asked, I recommend reading an excellent post by Ella Alderson in Medium. Essentially, she reviews the basics of quantum computing, explaining what it can and cannot do.
"In ordinary computers, information is encoded as bits which can be either a 1 or a 0," writes Alderson. "Instead of using bits, quantum computers use qubits (quantum bits which can be made using a photon, an electron, or a nucleus) that can be in a state of 1, 0, or a combination of the two. In what's known as superposition, qubits can be in between states ... This potential means that while classical bits can only be in 1 of 16 possible combinations, qubits could be all 16 of those combinations at the same time."