Monthly Archives: August 2022

Why Elon Musk makes his mother sleep in garage when she visits him – India Today

Posted: August 29, 2022 at 8:15 am

SpaceX CEO Elon Musk with his mother Maye Musk at the 2022 Met Gala (AFP photo)

Maye Musk, mother of billionaire Elon Musk, has revealed that she forgoes the comfort of a proper bedroom and sleeps in the garage when she visits her son.

In an interview with The Times, 71-year-old Maye Musk said that despite being the richest man in the world, Elon Musk does not have a grand, ultra-luxurious home.

So whenever she drops by the SpaceX CEOs pad in Boca Chica, the location of the company's Texas headquarters and Starbase launch site, she has no choice but to spend the night sleeping in the garage.

The reason behind the unusual sleeping arrangement? You cant have a fancy house near a rocket site, quipped Maye Musk.

A couple of weeks ago, Elon Musk had said during a podcast that he lives in a very small house in Boca Chica worth $45,000. Prior to that, he had claimed in 2020 that he was selling almost all of his physical belongings and will own no house.

READ | Billionaire Elon Musk doesn't own house, sleeps at friends place

Doubling down on the Tesla CEOs assertion, Maye said in the interview that her son has no interest in material possessions.

Elon is the son of former supermodel Maye Haldeman and South African businessman Errol Musk, whom Maye divorced in 1979. Following the divorce, she moved to Canada with Elon and his siblings, Kimbal and Tosca.

Looking back on that time, Maye Musk said it was horrifying as the family suffered from ongoing money issues, and she constantly feared she wouldnt be able to feed her children.

There were hard times, she said, recalling how the family lived in a one-bedroom apartment and couldnt afford to buy new clothes.

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Elon Musk warns of bigger threat to civilization than climate change – TweakTown

Posted: at 8:15 am

Elon Musk has once again taken to his personal Twitter account to warn about a great threat to civilization that he believes isn't talked about enough.

Musk took to his Twitter account on Friday, August 26, to state that population collapse due to low birth rates is a bigger threat to humanity than global warming. This isn't the first time Musk has warned about declining birthrates, as the SpaceX and Tesla CEO shared data from The Wall Street Journal back in June that showcased birthrates across the US failing to hit "sustainable" levels for more than 50 years.

In the same post, Musk shared a video of him stating that population collapse will be the biggest problem the world will face in 20 years, with birthrates exponentially slowing down and the rate of death increasing. Musk emphasized his recent statement of declining birthrates being a bigger problem than global warming by writing, "mark these words", while also acknowledging that global warming is a significant issue that shouldn't be entirely ignored. "(And I do think global warming is a major risk)", wrote Musk.

In response to a question from Dave Lee, who asked, "Are people too pessimistic about the future, thus having less kids? Is part of the solution inspiring people to become more optimistic about the future?" - Musk wrote, "Yes". Tesla Owners Silicon Valley asked Musk if having more children was the only solution to this problem, Musk wrote, "Yes".

Musk has been criticized for his perspective on the "population problem", with many individuals saying they simply cannot afford to have children. In the past, Musk has replied to some of these comments by asking them why it is that with increased wealth, people have fewer children, citing a 1944 American Sociological Review report that discovered as a family's income grew, there was a reduction in the number of new children born into that family.

Furthermore, Musk has previously written on Twitter that there are far too many people around the world that are under the "illusion that Earth is overpopulated", despite the birthrate trends indicating that the planet is heading towards a population collapse. The Tesla CEO goes on to describe that population collapse is the biggest danger civilization faces by far.

In other Elon Musk news, a former girlfriend of Musk has decided to auction off old photos of them together while they were both attending the University of Pennsylvania in the 90s. The former partner of Musk has said that the money she gets from the images will be used to fund her stepson's college tuition. Musk's college sweetheart also described her relationship with Musk.

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Elon Musk Has a Controversial Idea to Solve the Energy Crisis – TheStreet

Posted: at 8:15 am

Elon Musk is a global CEO with a keen interest in geopolitical affairs.

Since the invasion of Ukraine by Russia on Feb. 24, the co-founder and chief executive officer of Tesla (TSLA) has closely followed the evolution of the war, which has already caused many deaths and the displacement of millions.

The Russian bombings have also destroyed many Ukrainian cities. Currently, all eyes are on the Zaporizhzhia nuclear power plant, near the town of Enerhodar in the Ukraine. Energoatom, the Ukrainian operator of this site, claims that the Russians have bombed it on several occasions. Moscow, for its part, points the responsibility for the bombings back to Kyiv. Experts from the International Atomic Energy Agency (IAEA) are expected on site in the coming days.

This ongoing Russian war, which has lasted for several months, has poisoned relations between the country and the NATO countries and has led to severe economic sanctions against Moscow. In addition to NATO, the European Union has also imposed sanctions on Russia, which in turn has retaliated.

In March, the EU pledged to cut its gas imports from Russia by two-thirds within a year. In retaliation, President Vladimir Putin decided to reduce gas deliveries from Russia by 40%, thus provoking a gas crisis.

Since July, Russia sends only one third of the volume of gas required by Europe, to pressure European countries to soften their sanctions on financial transactions and technologies. Experts say Putin is using energy as a weapon to weaken Europe's support for the Ukraine.

An energy crisis could cause a spiral of economic recession and social tensions in Europe, warn experts. The consequences of this energy crisis are not yet serious because of the summer, but we are now approaching autumn and the onset of cold weather. It is at this time that we will really measure the impact of the Russian threat as many European countries depend on Russian gas.

It is therefore no surprise that this gas war raises the question of the energy independence of Europe. Germany, Europe's largest economy, depends on Russia for nearly half of its gas supply.

Energy prices in Europe have soared in recent weeks. Wholesale electricity prices for 2023 in Germany and France, the two largest European economies, thus broke records on Aug. 26, at more than 1,000 euros per megawatt hour (MWh) and 850 euros per MWh respectively. A year ago, prices for these two countries were around 85 euros per megawatt hour.

Overall European gas prices reached 341 euros per MWh, near the all-time high of 345 euros it struck in March.

The European Union member states are in the process of setting up energy saving and sobriety plans, knowing that, with the approach of winter, the risk of shortages and power cuts increases. The EU could soon hold an emergency meeting to deal with this energy crisis.

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"@EU2022_CZ will convene an urgent meeting of Energy Ministers to discuss specific emergency measures to address the energy situation," tweeted on Aug. 26 Prime Minister of the Czech Republic, the country which currently holds the rotating presidency of the EU.

Elon Musk, the world's richest man is relaunching a controversial solution that he considers the most realistic to reduce Europe's dependence on Russia in terms of oil and gas supplies.

"Countries should be increasing nuclear power generation!," the billionaire just suggests on Twitter. "It is insane from a national security standpoint & bad for the environment to shut them down."

As expected, the tweet of the richest man in the world immediately caused thousands of comments and relaunched the ultra-sensitive debate on the atom. Environmental activists are against nuclear energy.

"Nuclear is clean, efficient, and could replace fossil fuels entirely if it was embraced. Its not, because so-called environmentalists arent pro clean energy, they are anti-human," commented journalist Scott Morefield.

"Some are indeed sadly anti-human," Musk replied.

Nuclear is one of the actions the International Energy Agency (IEA) recommends in its 10-Point Plan to the European Union for reducing reliance on Russian supplies by over a third while supporting the European Green Deal.

"The key actions recommended in the IEAs 10-Point Plan include not signing any new gas contracts with Russia; maximizing gas supplies from other sources; accelerating the deployment of solar and wind; making the most of existing low emissions energy sources, such as nuclear and renewables; and ramping up energy efficiency measures in homes and businesses," the organization said last March.

The EU has set itself a target of carbon neutrality for member states by 2050.

European ecologists and countries like Austria and Luxembourg are opposed to nuclear power, which they do not consider a green energy. Nuclear power makes it possible to produce carbon-free electricity, but the environmental impact of its radioactive waste and the risk of accidents are significant, underscore these critics. They also say that nuclear power is dangerous because its waste can potentially cause significant damage.

Proponents of nuclear energy believe that it emits very little CO2 and thus does not contribute to climate change.

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Elon Musk Teases Tesla FSD to Uber Drivers, Chicago AreaWhen Is It Coming? – Tech Times

Posted: at 8:15 am

Earlier today, Elon Musk teased a new application for the Tesla FSD beta system for Uber drivers and the Chicago area, claiming that the feature is coming soon for EVs under the ride-hailing application. The tech CEO wants his autonomous driving system for the use of the public through ride-hailing services or his "robotaxi" venture he talked about before.

A Tesla fan shared his experiencewith the FSD beta feature that recently became available to the world via the public beta release. Despite still being under the beta release and testing phase, the user claimed that the FSD "changed" his life through its use and experience with the system.

The Tesla FSD Beta is currently on version 10.69, providing its users with the latest features and technology.

The fan said he would continue spreading the word about its features and advantages, making it his mission to tell the Chicago and Uber drivers in the area about the Full-Self Driving feature. He added that a "strike reset" is necessary to achieve their end goal of having the FSD for Uber drivers in the massive city.

Read Also: Tesla FSD Beta 10.69: Elon Musk Reveals Two New Versions of System, Soon for Wide Release

Here, Elon Musk replied, claiming that the service may arrive in the coming week, giving the FSD to drivers that use Tesla EVs in the area. However, Musk's response was vague, as it did not discuss details regarding what was coming next week. It may be focusing on bringing the FSD beta to more EVs, also coming to Uber drivers that use Tesla as their service car.

It may also mean that the FSD is expanding more to the Chicago area for drivers who have already subscribed to the feature. Nevertheless, it may mean both are coming to Uber drivers and the Chicago area under its expansion plans.

Earlier this year, Elon Musk talked about a significant venture towards an autonomous driving system for the public via Tesla without needing to own the vehicle. It will come as a service and ride-hailing feature under an unknown name, only known as a "robotaxi" venture, bringing people from one place to another without any driver.

The company and its leader previously gave massive highlights to expanding the FSD for many enrollmentson different vehicles and drivers, known as its public beta applications.

Users only need to book their ride and enter their destination, which would pick them up from their pinned location, with the Tesla electric cars having no steering wheels. Musk highlighted this feature as part of the robotaxi project that the company is already working on, which will soon arrive to the public once it completes the FSD's development.

It is not news anymore that Musk and Tesla are already working on a robotaxi venture, alongside the FSD's expansion for the world, including those that use the EVs for the ride-hailing service. Uber drivers, who provide Teslas for the public's use, will soon get FSD, focusing on expanding it to the Chicago area next week.

Related Article: Tesla Model S Drivers Complain That Their Steering Yokes Have Easily Disintegrated

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Written by Isaiah Richard

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The man who tracks Elon Musk’s private jet says he would stop if the billionaire took him on a flight and gave him an interview, report says – Yahoo…

Posted: at 8:15 am

Elon Musk had previously offered Jack Sweeney $5,000 and a Tesla to stop tracking his private jet.Andrew Kelly/Reuters

Jack Sweeney runs Twitter accounts that tracks celebrities' private jets including Elon Musk.

The world's richest man previously offered Sweeney $5,000 to stop tracking his jet.

Sweeney says he may close the account if Musk takes him on a flight and gives him an interview.

A 20-year-old who attracted Elon Musk's ire for running a Twitter account that tracks his private jet has said he could shut it down if the Tesla chief meets his conditions.

Jack Sweeney previously declined Musk's offer of $5,000 and a free Tesla, saying he gets too much satisfaction from tracking the billionaire's jet to settle for anything less than $50,000.

He told the Daily Star he would consider taking the account down if Musk took him on a flight and gave him an interview mid-air.

"If he let me fly with him on his jet, record it and talk about it - and maybe not even pay me the $50,000 [previously asked for] I would take it down. That is still up for discussion," Sweeney told the newspaper.

Sweeney didn't immediately respond to Insider's request for comment.

The account,@ElonJet, uses a bot to tracks the billionaire's jet through public ADS-B data. Sweeney previously argued that taking down his account "won't fix the issue, my code is open-sourced [and] others said they would recreate it anyway."

Musk is not the only person whose jets he has tracked. Tom Cruise, the Kardashians, several Russian oligarchs and even Microsoft co-founder Bill Gates have all been in his sights. Mark Cuban is thought to be the only celebrity who has struck a deal with Sweeney to stop tracking his flights.

Sweeney told the Daily Star it was becoming harder to track Musk's jet: "His plane was in San Francisco for less than a day, but it was hard to figure out because this was one of the flights where he had PIA [Privacy ICAO Address, which masks the owner's identity]."

He added: "It's like having a license plate on your car that is registered to another name. It takes extra work to know where the jet is going."

Insider has contacted Musk for comment.

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Why Aren’t We Using Batteries That Last 10 Times Longer? Elon Musk Responds – Benzinga

Posted: at 8:15 am

When id Software co-founder John Carmack discussed electric vehicle battery materials on Twitter, none other than Tesla, Inc. TSLA CEO Elon Musk chimed in with his view.

Carmack, a computer programmer and video-game developer, said when he looks at electronics with weakening batteries, he wonders about the potential of bulkier lithium iron phosphate (LFP) batteries. These have 40% less energy density but 10 times the lifespan, he noted.

Energy density is the amount of energy in a given mass, and in a battery, it is the measure of the amount of energy that a battery contains in relation to its weight. LFP batteries are supposed to have about 15-25% less energy density than alternatives.

Carmack pointed out that there isnt much demand for 10-year lifespan consumer electronics. Of course, easily replaceable batteries can also address the problem! he added.

See also:Did Elon Musk Just Beat Apple To The Punch? This Analyst Thinks So

In reply, Musk said high cycle life is possible with nickel cathode if optimizing for that purpose. Adding silicon to the anode, primarily carbon anode, improves energy density, and reduces cycle life, due to large volumetric changes during charge/discharge, he added.

Lithium-ion is the commonly used chemistry in EV batteries, although most EV makers have started using LFP batteries, given their cost competitiveness and longer life.

Photo: Created with an image fromTED Conferenceon flickr

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Why Aren't We Using Batteries That Last 10 Times Longer? Elon Musk Responds - Benzinga

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Posted: at 8:14 am

Date Time Action September 17, 2022 Scheduled ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 10, 2022 Scheduled ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 3, 2022 Scheduled ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 28, 2022 Scheduled PACER - scheduled system maintenance, updates and/or upgrades from 4:00 am - 6:00 pm (MST). Intermittent disruptions in access to PACER expected. August 24, 2022 Completed ECF-Test - system maintenance, updates and/or upgrades from 6:45 am - 7:45 am (MST). CM/ECF downtime expected only in ECF-Test. August 20, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 13, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 10, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 10:00 pm (MST). No disruptions in access to CM/ECF expected. August 6, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 3, 2022 Completed ECF-Test and ECF-Train - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 10:00 pm (MST). No disruptions in access to CM/ECF expected. July 16, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 13, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 9:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. July 10, 2022 Completed PACER - scheduled system maintenance, updates and/or upgrades est. window: 5:55 am - 4:30 pm (MST). Intermittent disruptions in access to PACER expected. July 9, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 6, 2022 Completed ECF-Test and ECF-Train - scheduled system maintenance, updates and/or upgrades from 6:00 pm - 9:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. July 2, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 18, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 11, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 4, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 21, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 14, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 7, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 30, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 4:00 am - 7:00 am (MST). Downtime and Intermittent disruptions in access to CM/ECF expected. April 22 and 25, 2022 Completed ECF-Test system maintenance, updates and/or upgrades from 9 - 12 am (MST) on 4/22 and all day on 4/25. Downtime and Intermittent disruptions in access to CM/ECF expected. April 16, 2022 Completed ECF-Live - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 9, 2022 Completed ECF-Train - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 2, 2022 Completed ECF-Test - scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 31, 2022 Completed ECF-Live - downtime expected in ECF-Live during maintenance window, from 6:00 - 8:00 pm (MST). March 19, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 12, 2022 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 10, 2022 Completed ECF-Test scheduled NextGen Software Upgrade, downtime expected during maintenance window, from 6:00 am (MST) Thursday March 10, 2022 through Thursday, March 24, 2022 at 6 pm (MST). Please use ECF-Train for any testing needs during this time. March 5, 2022 Completed ECF-Live and ECF Test - downtime expected in ECF-Live during maintenance window, from 3:00 am (MST) - 11:00 am (MST). February 26, 2022 Completed ECF-Live, ECF-Test, ECF-Train scheduled system maintenance, downtime expected during extended maintenance window, from 3:00 am - 11:00 am (MST). February 23, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:30 pm (MST) to 6:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. February 19, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 12, 2022 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 9, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). February 5, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 2, 2022 Completed ECF-Train and ECF-Test scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). January 22, 2022 Completed ECF-Live scheduled system maintenance, CM/ECF downtime expected during regularly scheduled maintenance window from 6:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 20, 2022 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:30 pm - 4:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. January 18, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:30 pm - 4:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. January 15, 2022 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 8, 2022 Completed ECF-Live scheduled update to NextGen CM/ECF 1.6.2: CM/ECF downtime expected during regularly scheduled maintenance window from 6:00 am - 9:00 am (MST). Also, ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected January 4, 2022 Completed ECF-Train scheduled update to NextGen CM/ECF 1.6.2 from 9-10:30 am MST: CM/ECF downtime or Intermittent disruptions in access to CM/ECF expected January 1, 2022 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 19, 2021 Completed PACER scheduled system maintenance, updates and/or upgrades from 5:00 am - 1:00 pm (MST). Intermittent disruptions in access to PACER authentication for CM/ECF and possible Pay.gov delays expected. December 18, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 11, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 8, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. December 4, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 1, 2021 Completed ECF-Test and ECF-Train scheduled system maintenance, updates and/or upgrades from 7:00 pm - 11:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. November 21, 2021 Completed PACER scheduled system maintenance, updates and/or upgrades from 4:55 am - 3:00 pm (MST). Intermittent disruptions in access to PACER authentication for CM/ECF and possible Pay.gov delays expected. November 20, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 13, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 6, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 16, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 9, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 2, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 25, 2021 Completed ECF-Test, ECF-Train and ECF-Live: scheduled system maintenance, updates and/or upgrades during regularly scheduled maintenance window, from 6:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF Test and Train expected. No disruption expected for ECF-Live. September 18, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 11, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 4, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 31, 2021 Completed ECF-Test and ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 7:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 21, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 14, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 7, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 5, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 7:00 am - 10:00 am (MST). CM/ECF-TEST downtime expected during this maintenance window. July 17, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 10, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 8, 2021 Completed ECF-Test and ECF-Train scheduled system maintenance, updates and/or upgrades from 6:00 am - 8:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 3, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 24-28, 2021 Completed ECF-Live scheduled upgrade to NextGen CM/ECF 1.6.1: CM/ECF downtime expected from the afternoon of June 24 at 5:00 pm until 8:30 am (MST) on June 28. For more information, please see this announcement June 19, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 12, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 5, 2021 Completed ECF-Train scheduled upgrade to NextGen CM/ECF 1.6.1 (Train): CM/ECF downtime expected from 4:00 am until 11:59 pm (MST) on June 5. For more information, please see this announcement. ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). May 22, 2021 Completed ECF-Live, ECF-Test and ECF-Train systems maintenance, updates and/or upgrades from 6:00 am - 1:00 pm (MST). Downtime expected during maintenance window. May 15, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 8, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 1, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 17, 2021 Completed ECF-Live: scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). ECF-Train scheduled system maintenance during our regularly scheduled maintenance window from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 10, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 3, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 30, 2021 Completed ECF-Train system maintenance, updates and/or upgrades from 4:00 pm - 4:30 pm (MST). Intermittent disruptions in access to CM/ECF expected. March 20, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 13, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 6, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 27, 2021 Completed ECF-Live upgrade to version 5.3.4 from 7:00 am - 12:00 pm (MST). Downtime expected during upgrade maintenance window. February 20, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 13, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. February 6, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 26 - 27, 2021 Completed ECF-Test scheduled system maintenance and updates from 1:00 pm - 4:00 pm (MST) on both days January 21 - 22, 2021 Completed ECF-Test scheduled system upgrade to NG 1.6.1. Downtime expected from 1:00pm on January 21 until 6:00 pm (MST) on January 22 January 16, 2021 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 9, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 2, 2021 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. January 1, 2021 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 7:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 19, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 12, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 11, 2020 Completed ECF-Live, ECF-Train, ECF-Test: scheduled system maintenance, updates and/or upgrades from 8:00 pm - 12:00 am (MST). Intermittent disruptions in access to CM/ECF expected. December 5, 2020 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 3:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. ECF-Train and ECF-Live scheduled maintenance during standard maintenance window, from 5 - 9 am (MST). CM/ECF downtime expected in both the Live and Train systems during this time. December 1, 2020 Completed ECF-Test scheduled system update to NG 1.5.3 - CM/ECF downtime expected from 9:30 am - 11:30 am (MST). November 21, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 14, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. November 7, 2020 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 31, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades during standard maintenance window, from 5:00 - 9:00 am MST. CM/ECF downtime expected during this time. October 17, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 10, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. October 3, 2020 Completed ECF-Test scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF Test expected. ECF-Train and ECF-Live scheduled maintenance only during standard maintenance window, from 5 - 9 am MST. CM/ECF downtime expected in both the Live and Train systems during this time. Scheduled 19, 2020 Completed ECF-Live scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 17, 2020 Completed ECF-Test scheduled system upgrade to NG 1.5.2 - CM/ECF downtime expected from 1:00 pm - 5:00 pm (MST). September 12, 2020 Completed ECF-Train scheduled system maintenance, updates and/or upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. September 5, 2020 Completed ECF-Test scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 21-22, 2020 Completed ECF-Live upgrade to version 5.3.3: CM/ECF downtime expected from 12:00pm on August 21 until 11:59 pm (MST) on August 22. August 15, 2020 Completed ECF-Live scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 8, 2020 Completed ECF-Train scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 8, 2020 Completed ECF-Live and ECF-Test scheduled system maintenance during our regularly scheduled maintenance window from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. August 6, 2020 Completed ECF-Live, ECF-Train, and ECF-Test - system maintenance and upgrades from 6:00 pm - 10:00 pm (MST). Intermittent disruptions in access to CM/ECF expected. August 1, 2020 Completed ECF-Test scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 18, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. July 17-18, 2020 Cancelled ECF-Live upgrade to version 5.3.3: CM/ECF downtime expected from 12:00pm on July 17 until 11:59 pm (MST) on July 18. July 11, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 5:00 am - 1:00 pm (MST). CM/ECF will be unavailable during this time. July 11, 2020 Completed ECF-Train: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF-Train expected. June 25-26, 2020 Completed ECF-Train: Scheduled system maintenance and upgrades. CM/ECF downtime expected from 12:00 pm on June 25 until on or before 11:59 pm (MST) on June 26. June 20, 2020 Completed ECF-Live and ECF-Train: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 13, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 11-12, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades. CM/ECF will be unavailable from 7:00 am on June 11 until 7:00 pm (MST) on June 12. June 6, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 5:00 am - 9:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 6, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. June 3, 2020 Completed ECF-Test and ECF-Train: Scheduled system maintenance and upgrades from 6:00 pm - 10:00 pm (MST). No disruptions in access to CM/ECF expected. May 16, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 9, 2020 Completed ECF-Train and ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 11:00 am (MST). Intermittent disruptions in access to CM/ECF expected. May 5, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected.. May 2, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected.. April 18, 2020 Completed ECF-Live: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 11, 2020 Completed ECF-Train: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. April 4, 2020 Completed ECF-Test: Scheduled system maintenance and upgrades from 2:00 am - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 27-30, 2020 Cancelled ECF-Train upgrade to NextGen 1.3 has been cancelled at this time. CM/ECF Train is no longer tentatively scheduled to be down and unavailable from 3/27 at 7:00am (MST) until 7:00am (MST) on 3/30. March 21, 2020 Completed ECF-Live Scheduled system maintenance and upgrades from 5:00 am - 2:00 pm (MST). Users may experience intermittent disruptions in access to CM/ECF. March 12, 2020 Cancelled ECF-Live: Scheduled system maintenance and upgrades from 6:00 pm - 10:00 pm (MST). Users may experience intermittent disruptions in access to CM/ECF. March 10, 2020 Cancelled ECF-Train Scheduled system maintenance and upgrades. CM/ECF will be unavailable between 10:00am-2:00pm (MST). March 7 - 8, 2020 Completed ECF-Live, ECF-Test, ECF-Train: Scheduled system maintenance and upgrades from 11:00 pm - 10:00 am (MST). Intermittent disruptions in access to CM/ECF expected. March 4, 2020 Completed ECF-Test, ECF-Train: Scheduled system maintenance and upgrades from 7:00 pm - 11:00 pm (MST). Users may experience intermittent disruptions in access to CM/ECF. February 22, 2020 Cancelled ECF-Live Scheduled system maintenance and upgrades. CM/ECF will be unavailable between 7:00am-10:00am (MST). February 21, 2020 Completed ECF-Train Scheduled system maintenance and upgrades from 2:00pm-4:00pm (MST). Intermittent disruptions in access to CM/ECF expected. February 18, 2020 Completed ECF-Live upgrade to version 5.2.3. CM/ECF will be unavailable between 8:00pm-12:00am (MST). February 15, 2020 Completed ECF-Live: Scheduled system maintenance between 7:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. February 15, 2020 Completed ECF-Train: Scheduled system maintenance between 3:00pm-7:00pm (MST). Intermittent disruptions in access to CM/ECF expected. February 13 - 19, 2020 Completed ECF-Test: Scheduled systems testing/maintenance - CM/ECF will be unavailable after 5pm on Thursday, February 13 at 5:00 pm (MST) until Wednesday, February 19, 2020. January 31, 2020 Completed ECF-Train upgrade to version 5.2.3. CM/ECF will be unavailable between 2:00pm-5:00pm (MST). January 18, 2020 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. December 21, 2019 Completed Scheduled system maintenance between 6:00am-2:00pm (MST). Intermittent disruptions in access to CM/ECF expected. December 20, 2019 Completed Required system maintenance between 7:00pm-8:00pm (MST). CM/ECF will be unavailable during this time. November 16, 2019 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. October 26, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. October 19, 2019 Cancelled Scheduled system maintenance between 8:00am-1:00pm (MST). Intermittent disruptions in access to CM/ECF expected. August 17, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. July 20, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 29, 2019 Completed Scheduled system maintenance between 7:30am-12:30pm (MST). CM/ECF Test not available during this time. June 15, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 13, 2019 Completed Required system maintenance between 6:00pm-7:00pm (MST). CM/ECF not available for electronic filing. June 13, 2019 Completed Required system maintenance between 8:00am-9:00am (MST). CM/ECF Test not available. May 18, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. May 6, 2019 Completed Scheduled system maintenance between 5:00am-7:00am (MST). CM/ECF not available for electronic filing. April 25, 2019 Completed Scheduled system maintenance between 7:00am-7:30am (MST). Intermittent disruptions in access to CM/ECF Test expected. March 16, 2019 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. February 16, 2019 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. February 2, 2019 Completed Scheduled system maintenance between 8:00am-9:00am (MST). Intermittent disruptions in access to CM/ECF expected. January 19, 2019 Completed Scheduled system maintenance between 7:00am-3:00pm (MST). Intermittent disruptions in access to CM/ECF expected. December 15, 2018 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected. November 27, 2018 Completed Scheduled system maintenance between 7:00am-7:30am (MST). Intermittent disruptions in access to CM/ECF expected. October 27, 2018 Completed ECF-Live upgrade to CM/ECF version 5.2.2. October 20, 2018 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. September 22, 2018 Completed Scheduled system maintenance between 2:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF expected. September 4, 2018 Completed ECF-Test upgrade to CM/ECF version 5.2.2. July 21, 2018 Completed Scheduled system maintenance between 5:00am-9:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 8, 2018 Completed Scheduled system maintenance between 6:00am-7:00am (MST). Intermittent disruptions in access to CM/ECF expected. June 6, 2018 Cancelled Scheduled system maintenance between 6:00am-7:00am (MST). Intermittent disruptions in access to CM/ECF expected. May 22, 2018 Completed Scheduled system maintenance between 9:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF-Train expected. May 22, 2018 Completed Scheduled system maintenance between 9:00am-10:00am (MST). Intermittent disruptions in access to CM/ECF-Test expected. April 4, 2018 Completed ECF-Train upgrade to CM/ECF version 5.2.2. January 20, 2018 Completed Scheduled system maintenance between 3:00am-11:00am (MST). Intermittent disruptions in access to CM/ECF expected.

If you have CM/ECF procedural questions, please call (602) 682-4900.

Contact the MIS Department at (602) 682-4100 regarding any computer related questions.

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U.S. Bankruptcy Court, District of Arizona

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Sandy Hook families say Alex Jones is hiding assets while claiming bankruptcy – The Hill

Posted: at 8:14 am

Families of the Sandy Hook Elementary School massacre victims on Thursday claimed conspiracy theorist Alex Jones funneled millions of dollars to enrich himself from his company that has now filed for bankruptcy as the families attempt to seek damages through defamation suits.

The families filed a motion in a federal bankruptcy court in Houston asking the bankruptcy trustee to take control of Free Speech Systems (FSS), the parent company of far-right website Infowars owned by Jones, and appoint a tort claimants committee to represent the families and other creditors interests in collecting payment.

FSS filed for bankruptcy late last month as families of many of the victims of the shooting, which Jones has falsely claimed was a hoax, proceeded with multiple defamation lawsuits in Connecticut and Texas seeking damages for the false claims.

So long as FSS possesses its assets and controls its operations, the Sandy Hook Families prospects of a full and fair recovery remain in jeopardy, the motion states.

The motion also included a family member of an individual who Jones falsely identified as the shooter in the Parkland massacre in February 2018. That individual passed away in a house fire in May.

The families attorneys said as the lawsuits were ongoing last summer, FSS conducted fraudulent transfers to PQPR Holdings Limited, an entity operated directly and indirectly by Jones and his parents.

Seventy-two percent of the transfers ultimately went to Jones, and the rest went to his parents, according to the motion.

Since the Sandy Hook Families filed their lawsuits, the debtor has systematically transferred millions of dollars to Alex Jones and his relatives and insider entities, the families attorneys wrote in the filing.

The motion also alleges Jones squeeze[d] FSS into bankruptcy procedures designed to provide additional protections for small-business debtors days before a Texas jury ordered Jones to pay millions in damages in a defamation case.

The jury in the defamation case, filed by the parents of one of the children killed at Sandy Hook, ordered Jones to pay $45.2 million in punitive damages earlier this month to the parents and a further $4.1 million for the suffering he put them through by his false claims.

The order would have increased debts enough to prevent the company from leveraging the small-business protections, according to the motion.

FSSs conduct leading up to and since filing this bankruptcy reveals an out-of-control debtor that is still operated by Jones for the sole benefit of Jones, the motion states.

The Hill has reached out to Joness attorneys for comment.

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Sandy Hook families say Alex Jones is hiding assets while claiming bankruptcy - The Hill

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SsangYongs rehabilitation plan earns the approval of the Seoul bankruptcy court – EconoTimes

Posted: at 8:14 am

SsangYong Motor finally picked its preliminary bidder in June, and the KG Mobility consortium has been named. Now the South Korean automaker has gone under the KG Group after the Seoul Bankruptcy Court approved the rehabilitation plan it submitted earlier.

The court approval comes not long after SsangYong Motor's shareholders and creditors finally approved its restructuring scheme that has been rejected several weeks ago. It was noted that the go ahead signal was actually granted after a year and eight months since the automaker went into court receivership for a second time when Edison Motors failed to produce payment for its acquisition.

KG Group consortium stepped in to place its bid for the acquisition of SsangYong as it was placed back into the market after a failed deal with Edison Motors. As per Korea Joongang Daily, the consortium is composed of big firms such as KG Eco Technology Services (ETS), KG Mbilians, KG Steel, Cactus Private Equity, KG Inicis, and Pavilion Private Equity firm. KG Mobility is purely owned by KG ETS, an energy firm that is 47% owned by KG Chemical.

"The approval came with 95.04 percent of agreement from our creditors, and 100 percent from secured creditors and shareholders," the automaker stated after the courts approval of its rehabilitation scheme has been announced. "Now it allows SsangYong to gain a foothold to pave the way for normalization."

Pulse News reported that the KG Group-led consortium may offer an additional KRW30 billion, which will bring the value of the acquisition to more than KRW355.5 billion. The group is doing this to cover for SsangYong Motors overdue payment to creditors.

"I truly appreciate all who supported us for the plan to be approved," SsangYong Motors manager appointed by the court, Chung Yong Won, said. "We will exert all efforts to repay all to our creditors, stakeholders, and customers who believed us by making the company a sustainable one."

KG Chemicals chief executive officer, Kwak Jae Sun, further added, "It is with great pleasure that the court approves the rehabilitation plan and I sincerely appreciate all SsangYong employees who tried their best during the process. KG will fully support SsangYong for its business normalization and regain trust in the market."

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SsangYongs rehabilitation plan earns the approval of the Seoul bankruptcy court - EconoTimes

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Quantum Computing Now And In The Future: Explanation, Applications, And Problems – Forbes

Posted: at 8:11 am

A new generation of computer technology is on the horizon, which many think will eventually increase the computing power available to humanity by factors of thousands or possibly even millions. If this happens, it could vastly increase the speed at which we can carry out many vital tasks, such as discovering and testing new drugs or understanding the impact of climate change.

Quantum Computing Now And In The Future: Explanation, Applications, and Problems

Quantum computing is already with us in limited form. But the next five to 10 years may see it leap into the mainstream in the same way that classical computers moved from labs and large corporations to businesses of all sizes, as well as homes, in the 1970s and 1980s.

However, as well as big leaps forward in what we are able to do with computers, they also require us to face up to a new set of problems, specifically around the threats they pose to security and encryption. And some people think that, in fact, quantum computers may never be useful at all due to their complexity and the limited amount of tasks at which they have been shown to be superior to classical computer technology.

So, heres my overview of where we currently are and where were hoping to get to with quantum computing, with expert input from my most recent podcast guest, Lawrence Gasman, co-founder and president of Inside Quantum Technology and author of over 300 research reports.

What is quantum computing?

Like everything involving the quantum (sub-atomic) domain, quantum computing isnt the easiest concept to get your head around. Fundamentally, the term describes a new (or future) generation of super-fast computers that process information as qubits (quantum bits) rather than the regular bits ones and zeroes of classical computing.

Classical computers are really just much more sophisticated versions of pocket calculators they are based on electrical circuits and switches that can be either on (one) or off (zero). By stringing lots of these ones and zeroes together, they can store and process any information. However, their speed is always limited due to the fact that large amounts of information need a lot of ones and zeroes to represent it.

Rather than simple ones and zeroes, the qubits of quantum computing can exist in many different states. Due to the strange properties of quantum mechanics, this might mean they can exist as one and zero simultaneously (quantum superposition). They can also exist in any state between one and zero.

As Gasman explains, That means you can process a lot more information on a quantum computer, and that means you can do some problems much faster. And sometimes that really matters sometimes its not whoopee I can do this in two hours instead of two days, its whoopee I can do this in two hours instead of nine million years.

Nine million years sounds like the sort of number that people only use when they are exaggerating, but according to some estimates, quantum computers will operate 158 million times faster than the fastest supercomputers available today.

Theres one important caveat, though currently, quantum computers are only really useful for a fairly narrow set of uses. Dont expect to simply be able to plug a quantum processor into your Macbook and do everything that you can do on it now, but millions of times quicker.

So what can quantum computing do better than classical computing?

The truth is that classical computers can solve all of the problems that quantum computers will solve there hasnt yet been a use case discovered for quantum computers that cant already be done with classical computers.

The problem, Gasman tells me, is that it will take classical computers so long to solve them that anyone who starts looking for the answer today will be long dead!

In particular, they are potentially hugely useful for a set of problems known as optimization problems. The idea is illustrated by imagining a traveling salesman who has to visit a number of towns, in any order but without retracing their steps, and doing it while covering the shortest distance (or in the shortest amount of time) possible. Elementary mathematics can show us that as soon as there are more than a few towns, the number of possible routes becomes incredibly high millions or billions. This means that calculating the distance and time taken for all of them in order to find the fastest can take a huge amount of processing power if we're using classical binary computing.

This has implications for fields as diverse as tracing and routing financial transactions across global financial networks, developing new materials by manipulating physical or genetic properties, or even understanding how changing climate patterns affect the world around us.

Gasman tells me, "The ones that have the most potential are, I'd say, in very large banks but if you're a big corporation and you're giving Goldman Sachs a billion dollars to look after, do you really want them to put it in the hands of some newfangled technology? A certain level of trust will have to be established but all the big banks have their own quantum teams now exploring what can be done in the next five to 10 years.

What are the challenges around quantum computing?

Firstly, there are some pressing physics challenges that need to be solved. Qubits themselves, when existing in a physical state as they need to do to represent data and allow computation to take place, are highly unstable. This means they must be held in a super-cooled environment, even to exist for just a few nanoseconds, in order to be of use. This means that quantum computing is currently very expensive, and only the largest companies and best-funded research organizations can afford to own them.

This means that assessing use cases is an expensive and time-consuming process too. Already one use creating more efficient MRI scans - has proven to be a dead end, Gasman tells me.

Its also been suggested that cosmic rays could pose an obstacle to the widespread adoption of quantum computing. Moreover, the errors caused by the phenomena which can affect even classical computing could be even more impactful on the hyper-sensitive engineering needed to harness qubits on a large scale usefully.

Theres also a critical shortage of people with the skills to develop and work with quantum computers. As Gasman puts it, what you want is someone who is a computer scientist, and a physicist, and an expert on pharmaceuticals or finance the specifics of the disciplines are so different that getting people to talk to each other is quite difficult!

Finally, as well as the challenges around implementing quantum computing, we cant ignore the challenges that the technology will potentially create itself when it is widespread.

The one causing the biggest headaches right now is the threat it poses to encryption. Digital cryptography is used today to secure everything online, as well as all of our communications and information, such as military, commercial and national secrets. It works on the basis that encryption methods are so complex it would take classical computers millions or billions of years to crack them by brute-forcing every possible password or key. However, to quantum computers, doing so could be trivial.

"It's a huge issue," Gasman tells me. If I have something encrypted on my machine and its broken by somebody in nine million years, Im not likely to care that much!

But then it turns out that with a quantum computer, it can be decoded like, now this is a real problem!

"We don't have such a quantum computer, and the estimate of when it might appear is anything from five years to never I think it will happen sooner rather than later.

The problem is currently being taken very seriously by governments as well as corporations, which are both putting resources into developing what is known as "post-quantum encryption" so that, hopefully, all of their deepest secrets won't suddenly be laid bare.

What is in store for the future of quantum computing?

The first developments we are expected to see are likely to mirror those that occurred as classical computers moved from being lab toys or something only the largest corporations could afford in the latter half of the 20th century.

This is likely to follow the format of the transition from mainframes (filling entire buildings) to minicomputers (filling rooms) and eventually to microcomputers that could live on our desks.

This democratization of access to quantum power will lead to new use cases as businesses will be able to put it to the test against their own specific sets of challenges.

Gasman says, "A fifty-thousand dollar computer is something that most medium-sized companies can afford an eight-hundred thousand dollar computer not so much.

Problems where quantum computers will potentially be put to use include monitoring and predicting traffic flow across complex urban environments or even processing the huge amounts of data necessary for artificial intelligence and machine learning. If one day humans are able to model a system as complex as a biological brain paving the way for true AI it almost certainly wont be by using classical computing.

Gasman says, "The exciting thing for me is the breakthroughs that are likely to happen. To mix metaphors, the world is quantum computing's oyster. There are lots of good reasons to be in classical computing, but if you're looking for the massive breakthroughs it aint going to happen. Thats the excitement of quantum computing.

You can click here to watch my webinar with Lawrence Gasman, president, and co-founder of IQT Research, where we take a deeper dive into the future of quantum computing and what it means for the world.

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Link:

Quantum Computing Now And In The Future: Explanation, Applications, And Problems - Forbes

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