Summary
Michigan Republican Lisa McClain is involved in a situation regarding her husband’s purchase of stocks in xAI, an AI company owned by Elon Musk. The purchase occurred just days before the Department of Defense announced plans to use xAI’s products, leading to questions about possible insider trading. McClain denies using any insider information for the stock purchase.
Key Facts
- Lisa McClain's husband bought between $100,001 and $250,000 in xAI stocks on December 15.
- xAI is an artificial intelligence company owned by Elon Musk.
- The U.S. Department of Defense announced plans to use xAI's products shortly after the stock purchase.
- McClain stated the stock purchase was a "private offering" and not based on insider information.
- She mentioned that if she had insider information, they would have invested much more.
- The situation is under developing news, indicating more information may come later.
