Axios

The world's richest person keeps getting what he wants, time and time again — and each win makes him bolder.

Why it matters: Elon Musk enthusiastically backed Donald Trump's effort to recapture the White House in a winning bet that'll give the Tesla, SpaceX and X boss more political influence than he's ever had.

American voters have just decided — among many other things — that artificial intelligence will grow up in a permissive, anything-goes household, rather than under the guidance of stricter parents.

Between the lines: Trump's reputation may be that of a strongman, and his MAGA brand of conservatism embraces tough talk, but last night's Republican victory makes it a lot more likely that AI will run wild as it develops.

The U.S. military tapped a mix of small and large companies to design an alternate network of GPS satellites it says it needs pronto.

Why it matters: Washington and its friends abroad cannot afford to lose GPS access, which supports battlefield movements and keeps economies afloat.

Elon Musk and his pro-Trump super PAC were sued on Tuesday by two swing state voters who accused them of fraud in separate lawsuits.

The big picture: Both lawsuits cite the billionaire's attorney stating Monday in a Pennsylvania case that allowed a daily $1 million sweepstakes to proceed that the winners were earning payment for acting as spokespeople and were not chosen at random.

Trump Media & Technology Group, the parent company of Truth Social, on Tuesday reported just $1 million in third quarter revenue and a $19 million net loss.

The big picture: Trump's presidential campaign didn't boost ad sales, as revenue was actually down a bit from the same period in 2023.

Shares of former President Trump's social media company rose sharply Tuesday morning and then plunged suddenly in the afternoon in a volatile session as investors awaited election results.

Why it matters: Trump Media & Technology Group, which owns Truth Social, has become something of a proxy for investors to bet on Trump himself.

With polls closing Tuesday evening, officials are warning that foreign adversaries will likely spread false stories about election hacks to undermine trust in the voting process.

Why it matters: Sharing lies that an election was hacked is a lot easier than hacking a voting machine.

The FBI on Tuesday warned that videos promoting false election narratives featuring the agency's name and insignia were circulating online as voters cast ballots across the country.

Why it matters: Election disinformation could influence the results in the razor-thin presidential race and sow distrust in the electoral process and the election's outcome.

Leading AI companies such as OpenAI, Google and Meta rely more on content from premium publishers to train their large language models (LLMs) than they publicly admit, according to new research from executives at Ziff Davis, one of the largest publicly-traded digital media companies.

Why it matters: Publishers believe that the more they can show that their high-end content has contributed to training LLMs, the more leverage they will have in seeking copyright protection and compensation for their material in the AI era.

As Facebook's parent company has aggressively injected Meta AI into its products, it has fueled its systems with a bounty of customer data.

Why it matters: Meta knows a ton about you and billions of other people. It's counting on that knowledge to build AI that's both powerful and relevant — and it's also limiting customers' ability to say "no" to this use of their information.

Lies and propaganda about presidential candidates' stances, voting system security and the integrity of American democracy are multiplying ahead of Election Day.

Why it matters: Russia, China and Iran are peddling fake videos at a rate never seen before — and they're racking up likes and engagement on social media platforms.

Joe Rogan endorsed former President Trump for president on Monday evening.

Why it matters: The podcaster's endorsement of the GOP presidential nominee on the eve of Election Day could be a major boost for Trump as "The Joe Rogan Experience" is particularly popular among young men — a key voter demographic for the Republican.

Elon Musk's attorney argued in a Philadelphia courtroom Monday that the tech mogul's $1 million-a-day sweepstakes winners are not chosen at random but instead are earning payment for acting as a spokesperson, multiple outlets reported.

Why it matters: Musk, one of former President Trump's biggest backers, found himself in hot — but murky — legal waters over the attention-grabbing giveaway after Philadelphia District Attorney Larry Krasner (D) filed a lawsuit over the contest. But Judge Angelo Foglietta reportedly denied the request.