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WSJ Tech News Briefing

TNB Tech Minute: Musk Plans to Move X and SpaceX Headquarters to Texas

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 16 July 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, U.K. regulators launch probe into Microsoft’s partnership with startup Inflection AI. And the Trump campaign raised $3 million in crypto. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey Prime members, did you know that you could be listening to this show ad-free on Amazon music?

0:05.0

With Amazon Music, you get access to the most ad-free top podcasts.

0:10.0

Avoid the ads and start listening today.

0:13.0

Here is your TnB Tech Minute for Tuesday, July 16th.

0:19.0

I'm Zoe Thomas for the Wall Street Journal.

0:22.0

Elon Musk says he's moving the headquarters for X and SpaceX to Texas.

0:27.0

Both companies are currently headquartered in California.

0:30.0

Musk said the quote final straw for him was a California law that aims to prevent

0:35.3

schools from informing families if their children identify as gay or transgender.

0:40.0

Representatives for SpaceX and California Governor Gavin Newsom didn't immediately respond to requests for comment.

0:47.0

An ex-spokesman declined to comment.

0:50.0

UK regulators are launching a probe to determine whether Microsoft's partnership with startup

0:55.6

Inflection AI poses a threat to competition.

0:59.3

Earlier this year, Microsoft hired Inflection AI's co-founder and almost all of its employees.

1:05.4

Microsoft also agreed to pay the startup around $650 million as part of a licensing fee

1:11.9

to resell its technology.

1:13.6

The UK's competition in markets authority is investigating if the partnership should be

1:17.8

considered a de facto merger.

1:20.2

A Microsoft spokesperson said the Moose should not be treated as a merger,

1:24.0

and the company would provide the UK regulator with the information it needs.

1:28.0

And Donald Trump's presidential campaign raised $3 million in cryptocurrency in the second quarter.

1:35.7

In May, Trump became the first major presidential candidate to accept donations and digital

...

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