Gate News message, April 20 — Elon Musk has been summoned by French prosecutors to appear in Paris today for questioning regarding alleged misconduct on his social media platform X, including the spread of child sexual abuse material (CSAM) and deepfake content. Both Musk and former X CEO Linda

The ASTEROID memecoin soared from a $50,000 to $170 million market cap after Elon Musk engaged with a project linked to a deceased teen's character. However, it remains an unlisted, high-risk speculative asset.

Elon Musk clarified that SpaceX and Tesla are important customers of TSMC, not competitors, citing the need for TSMC to expand capacity with the "Terafab" project amid rising semiconductor demand. TSMC recognizes both Intel and Tesla as both customers and competitors.

Elon Musk's online activity revived interest in a cryptocurrency token known as "Asteroid crypto," causing increased trading and volatility on decentralized exchanges. Market reactions were driven by social media references, illustrating the token's sensitivity to influencer attention.

Elon Musk's xAI will provide computing power to programming startup Cursor, utilizing thousands of GPUs to train its new code model. This shift enhances xAI’s role in computing services, potentially increasing revenue and addressing operational costs amid ongoing losses.

Intel shares surged 38% in April and 65% year to date, driven by AI partnerships and manufacturing advancements. The company regained full control of its Ireland plant and has secured contracts with major clients like Google, yet remains below its 2020 peak.

Senator Elizabeth Warren warned Elon Musk about risks tied to X Money's launch, focusing on consumer protection, national security, and financial stability, particularly with cryptocurrency features potentially increasing volatility and illicit finance.

Elon Musk's Terafab project seeks to revolutionize chip manufacturing with $20-25 billion investment, targeting 1 terawatt capacity by 2029. While stock prices surged, analysts raise concerns about its feasibility, estimating costs could reach $5-13 trillion.

Senator Elizabeth Warren has asked Elon Musk for details on X Money, a payments feature for X, raising concerns about stablecoin risks, regulatory issues, financial stability, and data privacy, with a response due by April 21, 2026.

Elon Musk announced the completion of Tesla's AI5 chip tapeout, with powerful variants AI6 and Dojo3 in development. He praised TSMC and Samsung's support, predicting the AI5 will be a top global AI chip.