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In 2021, Elon Musk gave $5.7 billion to an unidentified organization. Why did it leave?

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Elon Musk’s philanthropic arm received the $5.7 billion in Tesla Inc. shares that he gave to an undisclosed organisation at the end of 2021, instantly making it one of the biggest foundations in the US.

At the end of 2021, The Musk Foundation had $9.4 billion in assets, according to a tax document that Bloomberg News was able to access. It was by far the largest donation the world’s richest person has made through his organisation in a calendar year, sending approximately $160 million to charities last year.

The billionaire gave $55 million to the St Jude Children’s Research Hospital in Memphis at that time, and then $54 million to the X Award Foundation, which he collaborated with in 2021 to establish a prize for carbon removal projects.

Other payments noted on the tax return demonstrate Musk’s compliance with promises made to NGOs and school districts in the vicinity of Brownsville, Texas, close to his SpaceX spaceport in Boca Chica, Texas.

According to the Bloomberg Billionaires Index, Musk, 51, is worth $167.6 billion personally. Musk, his right-hand man Jared Birchall, and Matilda Simon are listed as directors on the foundation’s tax documents. The filing does not include any other workers.

The Bill and Melinda Gates Foundation, which has assets of almost $55 billion at the end of 2021, is the biggest foundation in the US. According to a spokeswoman, it awarded grants totaling around $6.2 billion last year.

In November 2021, Musk donated $5.7 billion worth of Tesla shares to charity while he argued with legislators including Elizabeth Warren and Bernie Sanders about inequality and a planned wealth tax. He omitted to mention the final destination of the funds.

Musk has stated that the highest tax bill in US history would have been lessened with a sizable charitable donation. The Tesla CEO claimed he would pay more than $11 billion in taxes for the year, just days before he completed a sequence of stock sales totaling more than $16 billion, much of which was to finance the exercise of nearly 23 million options.

Earlier this year, a number of grant recipients identified Igor Kurganov, a former professional poker player who is now active in the effective altruism field, as their main point of contact at the foundation.

There aren’t many overt indications that Musk’s charitable giving has been influenced by effective altruism, a philosophical movement that seeks to make the biggest difference by carefully allocating resources to address issues. Sam Bankman-Fried, whose cryptocurrency exchange FTX filed for bankruptcy last month, actively championed the cause.

The Future of Life Institute, which focuses on lowering the dangers associated with artificial intelligence and biotechnology—both of which are key objectives for effective altruists—received $4 million from the Musk Foundation. Along with Morgan Freeman, Musk serves as a consultant for the foundation.

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India Issues Critical Advisory To Its Citizen In Syria “Leave At The Earliest”

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The Ministry of External Affairs (MEA) has issued a strong advisory urging all Indian citizens to avoid traveling to Syria until further notice. The advisory comes in light of the worsening conflict in the region, which has seen a surge in violence and displacement.

The MEA also asked Indians currently in Syria to leave as soon as possible using available commercial flights. For those unable to leave immediately, the ministry emphasized staying cautious, minimizing movements, and prioritizing safety.

Indians in Syria are encouraged to remain in close contact with the Indian Embassy in Damascus for updates. The embassy’s emergency helpline number, available on WhatsApp, is +963 993385973. Alternatively, individuals can reach out via email at hoc.damascus@mea.gov.in.

What’s Happening in Syria?

Syria’s civil war, which has stretched over 13 years, has taken a sharp and dangerous turn in recent weeks. Rebel forces, led by the jihadi group Hayat Tahrir al-Sham (HTS), have launched a rapid offensive against President Bashar al-Assad’s government. The situation has resulted in significant upheaval, with the UN reporting that over 370,000 people have been displaced since November 27.

The HTS fighters are joined by the Syrian National Army, a coalition of Turkish-backed militias. Together, they are advancing towards key cities, including Homs and Damascus, Assad’s seat of power. This sudden escalation has broken a long-standing stalemate, making the situation in Syria even more volatile.

How Many Indians Are in Syria?

According to the MEA, around 90 Indian nationals are currently in Syria. Among them, 14 are employed with various United Nations organizations.

The Indian government has assured that its mission in Damascus is in constant touch with these individuals to ensure their safety. The MEA spokesperson, Randhir Jaiswal, stated, “We are closely following the situation and are committed to the security of our citizens in Syria.”

What Should You Do?

If you’re an Indian national in Syria:

  • Contact the Embassy: Reach out to the Indian Embassy in Damascus for updates and assistance.
  • Plan to Leave: Book the earliest available commercial flight to exit the country.
  • Stay Safe: Until you leave, restrict movement and take maximum precautions.

For those considering travel to Syria, the advice is clear: avoid it altogether for now.

Why Is This Important?

The safety of citizens is a top priority for any government, and India is no exception. Syria’s escalating conflict poses severe risks, including displacement, violence, and disruptions to daily life.

By issuing this advisory, the Indian government aims to protect its citizens and ensure they are not caught in the crossfire of a complex and dangerous situation. If you know someone in Syria, encourage them to take the necessary precautions and stay in touch with the embassy.

Stay safe, stay informed, and avoid unnecessary risks.

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Apple Plans to Invest $1 Billion to Lift iPhone 16 ban in Indonesia

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Apple is making big waves in Indonesia with a $1 billion manufacturing plant. This follows the Indonesian government’s new rules for smartphone sales which requires phones like iPhone 16 to have at least 40% local content.

Local Content Push

Indonesia is a massive market with 280 million people. But selling here comes with conditions. In October, they banned iPhone 16 sales because Apple didn’t meet the local content requirement. Now they’re going to tighten the rules even more.

Apple’s $1 billion investment might be the answer to this. Indonesia’s investment minister, Rosan Roeslani, confirmed the plan is underway. Details are still being hammered out but they want to finalize everything and get a written commitment from Apple soon.

Bigger Production Plan

Last week, Apple’s proposal to invest $100 million for a smaller plant for accessories and components was rejected. The Indonesian government thought it was not enough to lift the iPhone 16 ban. The new $1 billion commitment is a much bigger deal and could mean bigger production of smartphone components.

Apple has no manufacturing facility in Indonesia. Their strategy so far has been the developer academies they launched in 2018 which trains locals in app development. While that’s helpful, it doesn’t address the local content in iPhones.

Why Indonesia Matters

For Apple, this investment is not just about meeting government rules. It’s about the market. Indonesia has a fast growing middle class so it’s a good target for tech companies. A local plant can also help Apple reduce costs by sourcing components locally.

For Indonesia, this means jobs, local manufacturing and a stronger position as a global tech player. Partnerships like this can help the country move up the value chain from just consuming technology to being part of it.

What’s Next?

Apple’s $1 billion plan is big but necessary. By committing to local manufacturing, they’re aligning with Indonesia’s policies and preparing for long term growth in the region. More details to come soon.

This could be a game changer not just for Apple but for Indonesia’s tech industry. It’s a win win: Apple gets into a big market and Indonesia gets investment and innovation. If everything goes according to plan, this could be a model for how global companies can go local.

Also read: Apple’s Find My Lets Users Share Lost Item Locations with Third Party

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Cryopreservation: Technology That Freezes Bodies for Future Revival

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A German startup is offering a futuristic service that could change how we think about life and death. Tomorrow Bio, a company based in Germany, is providing cryopreservation services that allow dead bodies to be frozen and potentially revived in the future. This bold claim comes with a hefty price tag- $200,000 to preserve a full body, and $81,000 for just the brain.

So, how does it work? The process is called cryopreservation, and it involves cooling the body to minus 198 degrees Celsius, which puts the person’s body into a state of “biostasis.” This means that all biological processes stop completely, freezing the body in time. According to Tomorrow Bio, this could allow for future revival when technology is advanced enough to treat the cause of death and restore life.

Tomorrow Bio has already preserved six people and five pets. Over 650 individuals have signed up and paid for this service, hoping that one day they will be brought back to life. The company’s vision is to create a world where people can choose how long they want to live, no matter who they are, where they come from, or their financial situation.

To ensure the preservation process starts as soon as possible after death, Tomorrow Bio has teams on standby in several European cities, including Berlin, Amsterdam, and Zurich. They use specialized ambulances to transport the bodies to the main facility in Switzerland. Once there, the body is placed in an isolated steel container filled with liquid nitrogen. It’s kept at a chilling minus 198 degrees Celsius for ten days, achieving the preservation temperature needed for the process to work.

The co-founder of Tomorrow Bio, Fernando Azevedo Pinheir, believes that in our lifetime, we may see the safe cryopreservation and reanimation of complex organisms. While it sounds like something out of science fiction, the idea is gaining attention, and the startup has already made significant progress in this unique field.

This process, though futuristic, raises interesting questions about the future of life extension and how far science and technology might go in giving people the option to live longer-or come back later. Whether or not you’d choose to sign up for such a service, Tomorrow Bio’s venture is definitely one to watch as it pushes the boundaries of life and death.

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Prashant Vihar Blast Sends Shockwaves: Security Forces on High Alert

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Explosion Near Delhi's Prashant Vihar

On Thursday morning, an explosion near a PVR cinema in the Prashant Vihar area of Rohini, Delhi, caused concern among locals. The incident comes just over a month after a similar blast in the same area had caused widespread alarm.

What Happened?

According to the Delhi Police, the explosion occurred around 11:48 am. A call was made to the Delhi Fire Service, and fire tenders were immediately dispatched to the site. Specialized teams, including the Delhi Police Crime Branch, Special Cell, and Bomb Disposal Squad, also reached the location to secure the area and start their investigation.

One person suffered minor injuries in the explosion. Fortunately, they were treated and discharged from the hospital soon after. For now, police officials say there are no suspects, and the cause of the explosion is still under investigation.

What We Know So Far

Delhi Police PRO and Additional Commissioner of Police Sanjay Kumar Tyagi stated that the blast scene is being carefully examined. Forensic teams and other specialized units are collecting evidence. The area around the explosion has been cordoned off to ensure public safety and to allow investigators to work without interference.

A Similar Incident Last Month

This isn’t the first time such an incident has occurred in the Prashant Vihar area. In October, a powerful explosion damaged a wall of the CRPF school nearby. That blast caused significant property damage, including shattered shop windows and damaged parked cars. The loud explosion was reportedly heard hundreds of meters away.

At first, investigators suspected the use of a crude bomb. However, further investigation revealed an unexpected cause — a cigarette butt discarded in a garbage dump had interacted with industrial waste, triggering the explosion.

Fortunately, no one was injured in the October incident, but it prompted a high alert across the city. Major investigative agencies, including the National Investigation Agency (NIA) and National Security Guard (NSG), had inspected the site to gather evidence.

Current Situation

The latest explosion has raised fresh concerns among residents and authorities alike. While this time only minor injuries were reported, the recurrence of such incidents in the same area is alarming.

Investigators are leaving no stone unturned. Evidence is being collected from the site, and forensic teams are trying to determine if the explosion was caused by human negligence, a chemical reaction, or something more deliberate.

What’s Next?

Authorities are urging people to stay calm and avoid spreading rumors. For now, the priority is understanding the root cause of the explosion to ensure it doesn’t happen again.

Local residents hope for a swift resolution. The presence of specialized teams like the Crime Branch and Bomb Disposal Squad reflects the seriousness of the investigation. Whether it was an accident or something more sinister, the truth will hopefully come to light soon.

Final Thoughts

While minor injuries and property damage were the extent of Thursday’s explosion, the incident is a wake-up call for better safety measures. Both October’s and this week’s blasts underline the importance of investigating and managing industrial and chemical waste more carefully. For now, Delhi waits for answers as the investigation unfolds.

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PAN Card 2.0: Do You Need a New One or Keep Your Old One?

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The government has taken a big step to modernize how taxpayers manage their information with the launch of the PAN 2.0 Project. Approved by the Cabinet Committee on Economic Affairs, this initiative aims to upgrade the existing PAN (Permanent Account Number) system, making it more secure, efficient, and user-friendly. With an investment of ₹1,435 crore, PAN 2.0 is set to bring a lot of improvements to the current system without creating any extra hassle for citizens.

What Is PAN 2.0?

PAN 2.0 is a revamped version of the current PAN system. It’s designed to serve as a common business identifier, especially for business activities across specified sectors. According to Union Minister Ashwini Vaishnaw, this upgrade is part of an effort to strengthen India’s digital infrastructure and make financial processes smoother and safer for everyone.

Here’s what PAN 2.0 promises:

  • System Upgrades: The new system will enhance the way taxpayer data is managed and accessed.
  • Unified Portal: A single online platform will be introduced for all PAN-related services.
  • Better Security: Stronger cybersecurity measures will protect taxpayer data.
  • Mandatory Data Vault System: Any organization using PAN information must store it securely using a data vault system.
  • Grievance Redressal: A modern, technology-driven system will make resolving issues faster and easier.

Will You Need to Apply for a New PAN Card?

No need to worry! If you already have a PAN card, you don’t need to reapply. Your existing PAN will remain valid, and you’ll automatically receive the upgraded benefits. The government has also confirmed that there will be no additional cost for these improvements.

What’s changing? The upgraded PAN cards will include QR codes to enhance security and usability. These updates will not affect the current 78 crore PAN cardholders.

How Does PAN 2.0 Help Businesses?

One of the standout features of PAN 2.0 is its focus on making the PAN card a common business identifier. This means businesses across various sectors can use PAN as their primary identification number for compliance and other purposes.

The unified portal will simplify business operations by reducing paperwork and providing an easy, digital way to manage PAN and TAN (Tax Deduction and Collection Account Number) services.

Why Is This a Big Deal?

PAN is a crucial part of financial and tax-related activities in India. For individuals, it helps with filing taxes, opening bank accounts, and more. For businesses, it’s essential for transactions, compliance, and government dealings. With PAN 2.0, the government aims to:

  • Improve the user experience for both individuals and businesses.
  • Strengthen data protection to prevent unauthorized use.
  • Create a streamlined, paperless process for all PAN-related activities.

The initiative also aligns with India’s larger push toward e-governance, ensuring that processes are digital, secure, and efficient.

In Summary

The PAN 2.0 Project is a much-needed upgrade to India’s taxpayer identification system. It brings advanced technology, stronger security, and a user-friendly approach to something that’s already a cornerstone of financial life in the country.

If you’re a taxpayer or a business owner, there’s no action needed on your part. Just look forward to an enhanced system that works better for you. With these changes, PAN 2.0 promises to make managing your financial and tax details easier and more secure than ever.

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