More than two dozen House Democrats on Tuesday accused Elon Musk‘s X of “profiting off violent content by a terrorist organization” and demanded that he and CEO Linda Yaccarino address Hamas-related content on the social media platform.
“The platform has become a hotbed of misinformation and terrorist propaganda,” wrote the group of 27 Democrats, led by Reps. Dan Goldman of New York and Jamie Raskin of Maryland, in a letter obtained by CNBC.
The already “inexcusable” issue of antisemitic content on X, they wrote, had become “outright indefensible” since the deadly Oct. 7 terror attack in Israel by Hamas militants. The U.S. has labeled Hamas a terror group since 1997.
“Given the many flagrant examples of X profiting off this content, we need detailed answers from X in considering potential legislation that would prevent such activity in the future,” wrote the lawmakers.
They gave Musk and Yaccarino until Dec. 1 to provide “all forms of written communications” related to content moderation for any posts or accounts connected to Hamas.
In addition to the records, the House Democrats asked Yaccarino and Musk to detail how X plans to address Hamas-related content currently on the platform. They also want to know what changes the company “plans to implement to ensure that the harmful spread of terrorist propaganda does not happen again.”
X did not immediately respond to CNBC’s request for comment.
The letter comes as Musk, the world’s richest man, and X, the platform he bought for $44 billion last year, fend off new accusations of antisemitism that are threatening to cut deeply into the company’s ad-based revenue model.
Apple, Disney, and Comcast, the parent company of CNBC, are some of the major brands that paused their online advertising on X last week, after Musk publicly agreed with an antisemitic conspiracy theory that “Jewish communities” were pushing “dialectical hatred against whites.”
“You have said the actual truth,” Musk wrote last Wednesday in response to that post.
The exchange drew fierce condemnation from X users, Wall Street investors and Washington politicos. The White House accused Musk of promoting “antisemitic and racist hate.”
The fallout coincided with a new report from the progressive nonprofit watchdog group Media Matters for America, which accused X of placing ads from major brands next to posts that promoted Adolf Hitler and the Third Reich.
Musk has vehemently denied allegations that he is bigoted, writing in a post on Sunday that media reports labeling him antisemitic over his rhetoric are “bogus,” and “nothing could be further from the truth.”
“I wish only the best for humanity and a prosperous and exciting future for all,” he wrote.
He has also repeatedly slammed Media Matters as “pure evil” and vowed to file a “thermonuclear lawsuit” on Monday against the outlet “and ALL those who colluded in this fraudulent attack on our company.”
Yaccarino, a former NBCUniversal advertising chief whom Musk tapped in May as his CEO, said Thursday that X has “been extremely clear about our efforts to combat antisemitism and discrimination.”
Media Matters president Angelo Carusone in a statement Saturday slammed Musk’s legal threat as a “meritless” effort to “silence reporting that he even confirmed is accurate.”
The letter from Goldman and Raskin on Tuesday largely avoided personally singling out Musk over his controversial posts.
Instead, the Democrats highlighted numerous X accounts that have reportedly been “spreading Hamas terrorist propaganda videos glorifying barbaric acts of violence against Israelis.”
The TTP investigation found accounts that paid for X’s Premium service sharing graphic, uncensored videos including “bloodied bodies on the ground, and rocket and drone attacks on Israeli tanks and vehicles.”
Those videos had also been featured on the website of Hamas’ military wing and were posted on X in apparent violation of the company’s contentpolicies, according to TTP.
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An ISD report, meanwhile, identified 128 posts from 45 unique accounts “containing glorification and support for terrorist content on X” in just 24 hours between Oct. 11 and Oct. 12.
Both reports noted that one of the Premium accounts spreading Hamas propaganda and antisemitic messages had been promoted by Musk himself in a since-deleted post.
The reports also showed that X is “profiting from the spread of this gruesome and harmful propaganda through account subscription fees and ad revenue,” the lawmakers wrote.
By buying X Premium, the accounts identified in the TPP and ISD reports are “paying for verification without any formalized vetting process and being promoted by the website’s algorithm,” the Democrats wrote.
The letter also cited a mid-October report from the misinformation tracker NewsGuard, which analyzed 250 high-engagement posts that promoted false or unproven claims related to the Israel-Hamas War. it found that 186 of the 250 came from accounts that had paid for Premium verification.
Illustration of the SK Hynix company logo seen displayed on a smartphone screen.
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Shares in South Korea’s SK Hynix extended gains to hit a more than 2-decade high on Tuesday, following reports over the weekend that SK Group plans to build the country’s largest AI data center.
SK Hynix shares, which have surged almost 50% so far this year on the back of an AI boom, were up nearly 3%, following gains on Monday.
The company’s parent, SK Group, plans to build the AI data center in partnership with Amazon Web Services in Ulsan, according to domestic media. SK Telecom and SK Broadband are reportedly leading the initiative, with support from other affiliates, including SK Hynix.
SK Hynix is a leading supplier of dynamic random access memory or DRAM — a type of semiconductor memory found in PCs, workstations and servers that is used to store data and program code.
The company’s DRAM rival, Samsung, was also trading up 4% on Tuesday. However, it’s growth has fallen behind that of SK Hynix.
On Friday, Samsung Electronics’ market cap reportedly slid to a 9-year low of 345.1 trillion won ($252 billion) as the chipmaker struggles to capitalize on AI-led demand.
SK Hynix, on the other hand, has become a leader in high bandwidth memory — a type of DRAM used in artificial intelligence servers — supplying to clients such as AI behemoth Nvidia.
A report from Counterpoint Research in April said that SK Hynix had captured 70% of the HBM market by revenue share in the first quarter.
This HBM strength helped it overtake Samsung in the overall DRAM market for the first time ever, with a 36% global market share as compared to Samsung’s 34%.
OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools.
The department announced the one-year contract on Monday, months after OpenAI said it would collaborate with defense technology startup Anduril to deploy advanced AI systems for “national security missions.”
“Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” the Defense Department said. It’s the first contract with OpenAI listed on the Department of Defense’s website.
Anduril received a $100 million defense contract in December. Weeks earlier, OpenAI rival Anthropic said it would work with Palantir and Amazon to supply its AI models to U.S. defense and intelligence agencies.
Sam Altman, OpenAI’s co-founder and CEO, said in a discussion with OpenAI board member and former National Security Agency leader Paul Nakasone at a Vanderbilt University event in April that “we have to and are proud to and really want to engage in national security areas.”
OpenAI did not immediately respond to a request for comment.
The Defense Department specified that the contract is with OpenAI Public Sector LLC, and that the work will mostly occur in the National Capital Region, which encompasses Washington, D.C., and several nearby counties in Maryland and Virginia.
Meanwhile, OpenAI is working to build additional computing power in the U.S. In January, Altman appeared alongside President Donald Trump at the White House to announce the $500 billion Stargate project to build AI infrastructure in the U.S.
The new contract will represent a small portion of revenue at OpenAI, which is generating over $10 billion in annualized sales. In March, the company announced a $40 billion financing round at a $300 billion valuation.
In April, Microsoft, which supplies cloud infrastructure to OpenAI, said the U.S. Defense Information Systems Agency has authorized the use of the Azure OpenAI service with secret classified information.
A United Launch Alliance Atlas V rocket is shown on its launch pad carrying Amazon’s Project Kuiper internet network satellites as the vehicle is prepared for launch at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 28, 2025.
Steve Nesius | Reuters
United Launch Alliance on Monday was forced to delay the second flight carrying a batch of Amazon‘s Project Kuiper internet satellites because of a problem with the rocket booster.
With roughly 30 minutes left in the countdown, ULA announced it was scrubbing the launch due to an issue with “an elevated purge temperature” within its Atlas V rocket’s booster engine. The company said it will provide a new launch date at a later point.
“Possible issue with a GN2 purge line that cannot be resolved inside the count,” ULA CEO Tory Bruno said in a post on Bluesky. “We will need to stand down for today. We’ll sort it and be back.”
The launch from Florida’s Space Coast had been set for last Friday, but was rescheduled to Monday at 1:25 p.m. ET due to inclement weather.
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Amazon in April successfully sent up 27 Kuiper internet satellites into low Earth orbit, a region of space that’s within 1,200 miles of the Earth’s surface. The second voyage will send “another 27 satellites into orbit, bringing our total constellation size to 54 satellites,” Amazon said in a blog post.
Kuiper is the latest entrant in the burgeoning satellite internet industry, which aims to beam high-speed internet to the ground from orbit. The industry is currently dominated by Elon Musk’s Space X, which operates Starlink. Other competitors include SoftBank-backed OneWeb and Viasat.
Amazon is targeting a constellation of more than 3,000 satellites. The company has to meet a Federal Communications Commission deadline to launch half of its total constellation, or 1,618 satellites, by July 2026.