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EXCLUSIVE: The former House Select Committee on Jan. 6 deleted more than 100 encrypted files from its probe just days before Republicans took over the majority in the House of Representatives, Fox News Digital has learned.

The House Administration Committee’s Oversight Subcommittee is leading an investigation into Jan. 6, 2021, led by Chairman Barry Loudermilk, R-Ga. The panel is investigating the security failures on that day, as well as the “actions” of the former select committee investigating the Capitol riot.

Loudermilk, last week, told Fox News Digital his investigation has entered a “new phase” with renewed support from House Speaker Mike Johnson, R-La., who has committed additional resources to the panels investigation.

Sources familiar with Loudermilks investigation told Fox News Digital that, per House rules, the former select committee, which was chaired by Rep. Bennie Thompson, D-Miss., was required to turn over all documents from its investigation to the new, GOP-led panel, after Republicans secured the majority of the House of Representatives following the 2022 midterm elections.

Sources told Fox News Digital that Thompson had told Loudermilk that the select committee would turn over four terabytes of archived data, but that the new committee only received approximately two terabytes of data. 4 Rioters rally at the U.S. Capitol in Washington on Jan. 6, 2021. AP

Fox News Digital has learned that Loudermilks committee hired a digital forensics team to scrape hard drives to determine what information they were not given.

The forensics team, according to sources familiar with their search, determined that 117 files were both deleted and encrypted. Sources said those files were deleted on Jan. 1, 2023 just days before Thompsons team was required to transfer the data to the new committee.

Fox News Digital has learned the forensics team has recovered all 117 deleted and encrypted files. Now, Loudermilk is demanding answers and passwords to access the data.  4 Rioters face off with police at the US Capitol on Jan. 6, 2021, in Washington, DC. AP

Fox News Digital exclusively obtained a letter Loudermilk sent to Thompson, requesting access to recovered digital files by his forensic team.

“As you acknowledged in your July 7, 2023 letter, the Select Committee to Investigate the January 6th Attack on the United States Capitol (Select Committee) did not archive all Committee records as required by House Rules,” Loudermilk wrote. “You wrote that you sent specific transcribed interviews and depositions to the White House and Department of Homeland Security but did not archive them with the Clerk of the House.”

Loudermilk added that Thompson also “claimed that you turned over 4-terabytes of digital files, but the hard drives archived by the Select Committee with the Clerk of the House contain less than 3- terabytes of data.” 4 Violent protesters, loyal to President Donald Trump, storm the US Capitol in Washington on Jan. 6, 2021. AP

Loudermilk explained that after a forensic analysis of the data and archived hard drives, he was able to recover “numerous digital records from hard drives archived by the Select Committee.”

“One recovered file disclosed the identity of an individual whose testimony was not archived by the Select Committee,” Loudermilk wrote. “Further, we found that most of the recovered files are password-protected, preventing us from determining what they contain.”

Loudermilk asked that Thompson provide him “a list of passwords for all password-protected files created by the Select Committee” so that his committee can “access these files and ensure they are properly archived.” 4 Tear gas is released into a crowd of protesters during clashes with police at the US Capitol rally on Jan. 6, 2021. REUTERS

Meanwhile, Loudermilk also penned letters to White House general counsel and the general counsel of the Department of Homeland Security, requesting “unedited and unredacted transcripts” of White House and DHS testimony to the former select committee. 

Loudermilk’s committee knows the transcripts of these interviews exist, but said they were not turned over by the Thompson-led committee. 

Loudermilk demanded the White House and DHS comply with his request by Jan. 24.

“Its obvious that Pelosis Select Committee went to great lengths to prevent Americans from seeing certain documents produced in their investigation. It also appears that Bennie Thompson and Liz Cheney intended to obstruct our Subcommittee by failing to preserve critical information and videos as required by House rules,” Loudermilk told Fox News Digital. 

“The American people deserve to know the full truth, and Speaker Johnson has empowered me to use all tools necessary to recover these documents to get the truth, and I will.”

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Alibaba posts profit beat as China looks to prop up tepid consumer spend

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November 15, 2024

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Alibaba posts profit beat as China looks to prop up tepid consumer spend

Alibaba Offices In Beijing

Bloomberg | Bloomberg | Getty Images

Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending.

Alibaba said net income rose 58% year on year to 43.9 billion yuan ($6.07 billion) in the company’s quarter ended Sept. 30, on the back of the performance of its equity investments. This compares with an LSEG forecast of 25.83 billion yuan.

“The year-over-year increases were primarily attributable to the mark-to-market changes from our equity investments, decrease in impairment of our investments and increase in income from operations,” the company said of the annual profit jump in its earnings statement.

Revenue, meanwhile, came in at 236.5 billion yuan, 5% higher year on year but below an analyst forecast of 238.9 billion yuan, according to LSEG data.

The company’s New York-listed shares have gained ground this year to date, up more than 13%. The stock fell more than 2% in morning trading on Friday, after the release of the quarterly earnings.

Sales sentiment

Investors are closely watching the performance of Alibaba’s main business units, Taobao and Tmall Group, which reported a 1% annual uptick in revenue to 98.99 billion yuan in the September quarter.

The results come at a tricky time for Chinese commerce businesses, given a tepid retail environment in the country. Chinese e-commerce group JD.com also missed revenue expectations on Thursday, according to Reuters.

Markets are now watching whether a slew of recent stimulus measures from Beijing, including a five-year 1.4 trillion yuan package announced last week, will help resuscitate the country’s growth and curtail a long-lived real estate market slump.

The impact on the retail space looks promising so far, with sales rising by a better-than-expected 4.8% year on year in October, while China’s recent Singles’ Day shopping holiday — widely seen as a barometer for national consumer sentiment — regained some of its luster.

Alibaba touted “robust growth” in gross merchandise volume — an industry measure of sales over time that does not equate to the company’s revenue — for its Taobao and Tmall Group businesses during the festival, along with a “record number of active buyers.”

“Alibaba’s outlook remains closely aligned with the trajectory of the Chinese economy and evolving regulatory policies,” ING analysts said Thursday, noting that the company’s Friday report will shed light on the Chinese economy’s growth momentum.

The e-commerce giant’s overseas online shopping businesses, such as Lazada and Aliexpress, meanwhile posted a 29% year-on-year hike in sales to 31.67 billion yuan.  

Cloud business accelerates

Alibaba’s Cloud Intelligence Group reported year-on-year sales growth of 7% to 29.6 billion yuan in the September quarter, compared with a 6% annual hike in the three-month period ended in June. The slight acceleration comes amid ongoing efforts by the company to leverage its cloud infrastructure and reposition itself as a leader in the booming artificial intelligence space.

“Growth in our Cloud business accelerated from prior quarters, with revenues from public cloud products growing in double digits and AI-related product revenue delivering triple-digit growth. We are more confident in our core businesses than ever and will continue to invest in supporting long-term growth,” Alibaba CEO Eddie Wu said in a statement Friday.

Stymied by Beijing’s sweeping 2022 crackdown on large internet and tech companies, Alibaba last year overhauled the division’s leadership and has been shaping it as a future growth driver, stepping up competition with rivals including Baidu and Huawei domestically, and Microsoft and OpenAI in the U.S.

Alibaba, which rolled out its own ChatGPT-style product Tongyi Qianwen last year, this week unveiled its own AI-powered search tool for small businesses in Europe and the Americas, and clinched a key five-year partnership to supply cloud services to Indonesian tech giant GoTo in September.

Speaking at the Apsara Conference in September, Alibaba’s Wu said the company’s cloud unit is investing “with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure,” noting that the future of AI is “only beginning.”

Correction: This article has been updated to reflect that Alibaba’s Cloud Intelligence Group reported quarterly revenue of 29.6 billion yuan in the September quarter.

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Elon Musk’s xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center

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November 15, 2024

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Elon Musk's xAI raising up to billion to purchase 100,000 Nvidia chips for Memphis data center

Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. 

Allison Robbert | Getty Images

Elon Musk’s artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC’s David Faber.

Sources told Faber that the funding, which should close early next week, is a combination of $5 billion expected from sovereign funds in the Middle East and $1 billion from other investors, some of whom may want to re-up their investments.

The money will be used to acquire 100,000 Nvidia chips, per sources familiar with the situation. Tesla‘s Full Self Driving is expected to rely on the new Memphis supercomputer.

Musk’s AI startup, which he announced in July 2023, seeks to “understand the true nature of the universe,” according to its website. Last November, X.AI released a chatbot called Grok, which the company said was modeled after “The Hitchhiker’s Guide to the Galaxy.” The chatbot debuted with two months of training and had real-time knowledge of the internet, the company claimed at the time.

With Grok, X.AI aims to directly compete with companies including ChatGPT creator OpenAI, which Musk helped start before a conflict with co-founder Sam Altman led him to depart the project in 2018. It will also be vying with Google’s Bard technology and Anthropic’s Claude chatbot.

Now that Donald Trump is President-elect, Elon Musk is beginning to actively work with the new administration on its approach to AI and tech more broadly, as part of Trump’s inner circle in recent weeks.

Trump plans to repeal President Biden’s executive order on AI, according to his campaign platform, stating that it “hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology” and that “in its place, Republicans support AI Development rooted in Free Speech and Human Flourishing.”

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Baidu- and Geely-backed JiYue brand unveils ROBO X EV that goes 0-100 km/h in under 1.9 sec

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November 15, 2024

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Baidu- and Geely-backed JiYue brand unveils ROBO X EV that goes 0-100 km/h in under 1.9 sec

JiYue ROBO X

JiYue, a Chinese EV brand focused on delivering all-electric “robocars” to the masses, has unveiled its latest model, and it’s quite a deviation from its previous EVs—but in the best way. Earlier today, JiYue launched the ROBO X supercar, designed for high-speed racing. By high speed, we mean 0-100 km/h acceleration in under 1.9 seconds. My mouth is watering.

JiYue has only existed since 2021, when parent tech company Baidu announced it was expanding from software development into physical EV production, joining forces with multinational automotive manufacturer Geely.

The new “robotic EV” marque initially launched as JIDU with $300 million in startup capital before garnering an additional $400 million in Series A funding, led by Baidu, in January 2022.

In August 2023, Geely took on a larger role in JIDU alongside a greater financial stake as the brand reimagined itself as JiYue, inheriting the JIDU logo and its flagship model, the 01 ROBOCAR.

In December 2023, Baidu and Geely unveiled a second model called the JiYue 07. It was born from JIDU’s ROBO-02 concept, which debuted in 2023 and was designed to compete against the Tesla Model 3 in China.

The 07 finally launched in China earlier this year with 545 miles of range. With an all-electric SUV and sedan on the market, JiYue has unveiled an exciting new entry in the form of a performance supercar called the ROBO X. Check it out:

JiYue’s new ROBO X EV is available for pre-order now

JiYue showcased its new ROBO X hypercar in front of the crowd at the 2024 Guangzhou Auto Show earlier today. Similar to previous models but with a unique spin, JiYue described the ROBO X as an AI smart-driving supercar that, for the first time, blends artificial intelligence and autonomous driving into a high-performance, race-ready EV.

When we say “high performance,” we mean a quad motor liquid-cooled drive system that can propel the ROBO X from 0 to 100 km/h (0 to 62 mph) in under 1.9 seconds. JiYue called the new ROBO X a “performance beast” with “the perfect balance of excellent aerodynamic performance and high downforce.” JiYue CEO Joe Xia was even bolder in his statements about the ROBO X:

For the next 20 years, the design of supercars will bear the shadow of Robo X. This is the best design in the history of Chinese automobiles today, and it is a landmark presence.

Fighter-style airflow ducts bolster the EV’s aerodynamics, efficiency, and overall posture. Per JiYue, the two-seater ROBO X is expected to deliver a maximum range of over 650 km (404 miles).

The new supercar features falcon-wing doors, a carbon fiber integrated frame, and a professional racing HALO safety system offering 360° of support. The interior features an AI smart cockpit with SIMO real-time feedback to give drivers an immersive racing experience.

Furthermore, JiYue said the vehicle will utilize parent company Baidu’s Apollo self-driving technology, which could make it the first electric supercar to apply pure-vision ADAS technology that enables track-level autonomous driving.

Following today’s unveiling of the ROBO X, JiYue has officially opened up pre-orders in China for RMB 49,999 ($6,915). That said, reservation holders will need to be patient as JiYue shared that it doesn’t expect to begin mass production of the ROBO X until 2027.

What do you think? Will people be talking about the ROBO X for the next 20 years?

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