One of Switzerland's largest banks, Credit Suisse, deliberately concealed its close connections to Nazi Germany during an investigation in the 1990s. This is according to an ongoing investigation led by US Attorney Neil Barofsky, reports the Wall Street Journal.
The investigation shows that the bank's connections to the Nazis were much more extensive than previously known. For example, some bank accounts are said to have been controlled by high-ranking SS figures and other blacklisted individuals.
After the investigation in the 1990s, Switzerland's two largest banks were forced to pay over $1 billion in compensation to Holocaust victims. The new material indicates that the bank deliberately chose to conceal information.
Neil Barofsky was given the assignment back in 2021. He was later fired, accused of having violated his authority, but was given the assignment back when UBS stepped in as the new owner in 2023.
UBS has now opened the archives and Barofsky is working with a team of 50 people. The final report is expected early next year.
Sources: Apple CEO gives $1 million to Trump from his own pocket
Apple CEO Tim Cook will donate $1 million to Donald Trump's inauguration ceremony later in January - from his own pocket. This is what sources tell Axios. He is thus turning his back on tech giants such as Meta, Amazon and Open AI.
According to the informants, Cook thinks the ceremony is a good tradition - and the sources add that the money is donated "in a spirit of unity". Cook has been clear over the years that he wants to be involved in politics, rather than sitting on the sidelines.
Cook and Trump have had a lot of exchanges over the years. In a report in November with the headline “How Tim Cook Cracked the Code on How to Work with Trump,” the Wall Street Journal reported that Cook has developed a completely unique meeting strategy with Trump. It involves Cook bringing a single data point to their meetings, to ensure that the meeting focuses on the issue at hand and doesn’t drift away.
The hunt for fusion energy
Fusion companies attract money – Altman invests billions
Venture capital is flowing into around 40 startups that are investing in fusion power, a technology that many consider to be the “holy grail” of energy production. This is reported by SVT Nyheter.
Open AI CEO Sam Altman has, among other things, invested $375 million, over 4 billion kronor, in the American Helion. The company is optimistic and talks about commercial application as early as 2030.
AI technology, which itself consumes a lot of energy, has the potential to accelerate development.
In the SVT feature, we met with the Swedish fusion company Novatron. Together with KTH, they are trying to develop the critical phase of energy production: stabilizing the plasma.
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