Flow, Adam Neumann’s co-living startup, has opened a 238-apartment complex in the Saudi capital of Riyadh, Forbes has some details. The opening included an Aztec-style hot chocolate ceremony and bags reading “holy s— I live.” Rent for furnished units starts at $3,500 a month and includes hotel services like laundry and housekeeping, in addition to amenities like swimming pools, coed gyms (unusual in Saudi Arabia) and bowling alleys. Flow is constructing three other properties with almost 1,000 apartments in Riyadh.

The company’s first, less luxurious properties opened in April in Fort Lauderdale and Miami.

Flow raised $350 million from Andreessen Horowitz in 2022. The funding raised questions given the troubled history of Neumann’s previous startup, WeWork. Once valued at $47 billion, WeWork filed for bankruptcy protection last yr and was eventually acquired by Yardi, an actual estate group, for $450 million.

Elon Musk, CEO of X and other firms whose names include the letter “X,” found himself in the crosshairs of regulators after he failed to testify this month as a part of an investigation into Musk’s acquisition of Twitter.

In a document filed today, the U.S. Securities and Exchange Commission (SEC) said it intends to impose sanctions on Musk after he missed a court-ordered hearing in Los Angeles Superior Court on September 10. According to the document, Musk didn’t notify the SEC that he wouldn’t appear for the hearing until three hours before the hearing was set to begin.

“The court must make clear that Musk must stop his games and delaying tactics,” the letter reads.

According to the documents, Musk spent September 10 overseeing the launch of Polaris Dawn, a spacecraft manufactured by his space exploration company, SpaceX.

SEC counsel proposed rescheduling Musk’s hearing for the following day, September 11. However, Musk’s lawyer declined, agreeing only to an October hearing.

The SEC is searching for “significant contingent relief” if Musk fails to appear in court in October. The agency has also indicated it plans to file a motion for sanctions against Musk to get well travel expenses for the canceled testimony and other relief. (In the lawsuit, the SEC said it spent “thousands of dollars” to fly three attorneys to Los Angeles for the Sept. 10 hearing.)

Musk’s court-ordered appearance stems from an SEC investigation into whether the billionaire acted lawfully in disclosing his Twitter stock purchases ahead of his $44 billion acquisition of the corporate in 2022. The investigation can also be looking into whether Musk’s statements in regards to the transactions were misleading; the SEC alleges that Musk waited at the least 10 days too long to disclose that he was buying Twitter stock.

The investigation is the second time Musk has found himself under the SEC’s gun in recent years. In 2018, the agency ordered Musk to step down as Tesla CEO and pay $40 million for tweets about Tesla stock that the SEC found amounted to market manipulation. At the time, Musk called the fraud allegations “unjustified.”

The Securities and Exchange Commission (SEC) also investigated Musk and Tesla over claims about Tesla’s vehicles’ ability to achieve “full autonomous driving” in addition to Tesla’s use of company funds to construct a “glass house” for Musk.

The full text of the appliance will be read below.

JOINT STATEMENT ON THE R… By SP-TechCrunch

The iPhone 16 officially goes on sale on Friday. But for its early adopters, it arrives with a fundamental compromise built into the deal.

Simply put, this isn’t the iPhone 16 they were promised. Tim Cook said it will be “the first iPhone built for Apple Intelligence.” But that “for” is vital: the phones won’t even have the most anticipated AI features from the get-go.

This appears to be a turning point for Apple. When it involves recent features on phones, the corporate is not at all times known for being the primary to market or jumping on the bandwagon, but it surely is understood for being the perfect. That’s not the case here. Apple has been forced to leap on board the AI ​​hype train, and in doing so, it’s taking a leap into the unthinkable void.

Apple has mentioned its Apple Intelligence Suite twice before — first announcing the AI ​​Suite at its WWDC developer conference in June, and again throughout the iPhone 16 launch in September.

In reality, nevertheless, the corporate falls far short when it comes to feature offerings in comparison with competitors like Google and Microsoft, in addition to newcomers like OpenAI and (*16*).

The company’s first AI toolkit, announced and released in developer beta, includes tools for transcribing, article and notification summarization, object removal from photos, and audio transcription. Much of this functionality already exists available in the market. Apple is betting that its give attention to privacy — your usage data just isn’t shared with other users or other tech corporations, it guarantees — might be enough to draw buyers.

Strictly speaking, the difference between product and have isn’t as drastic because it might sound — or a minimum of that’s how Apple would defend all of it. The iPhone went on sale on September 20, and Apple has promised to begin rolling out AI features in October.

However, only a number of features might be made available at the moment, and so they might be available only in U.S. English. (Recall that the corporate is banking heavily on international markets, with North America accounting for just over half of all iPhone sales.)

And we’ll need to wait for more complicated AI gadgets. The company plans to introduce features like visual search and Image Playground next month, and support for added languages ​​will begin in December — but first with English localization. Other languages ​​will follow in 2025.

The iPhone 16 just isn’t absolutely vital for individuals who want the brand new AI features. The company has already confirmed that the iPhone 15 Pro and 15 Pro Max can even get access to the platform.

So if Apple Intelligence is actually the game-changer Apple guarantees, one wonders whether the disruptions and delays in rollouts will deter users from upgrading. Or whether we’ll start seeing consumers adopt a wait-and-see attitude — which could also translate into lower sales.

As my colleague Sarah has identified, Apple’s AI features could grow to be more useful once third-party developers can fully integrate them into their apps. That’s nice to contemplate, but when and when that happens, that’s more of an iPhone 17 conversation.

That stands out as the crux of the matter. Apple is constructing for the long run, and for the primary time, it appears to be asking buyers to take that leap of religion.