Elon Musk has announced on his social media platform X, formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date. The Tesla boss is expected to announce major investment plans in the country soon. Last month, India cut import taxes on electric vehicles (EV) for global carmakers which […] The post Elon Musk to visit India
A Brazilian judge has opened an investigation of Elon Musk for obstruction of justice after the tech mogul said he would defy a court order to remove X accounts accused of spreading disinformation. In a decision on Sunday, Supreme Court Justice Alexandre de Moraes said the probe will examine whether Musk, who owns X, engaged […] The post Brazilian judge orders
The UK and US have signed a landmark deal to work together on testing advanced artificial intelligence (AI). The agreement signed on Monday says both countries will work together on developing “robust” methods for evaluating the safety of AI tools and the systems that underpin them. It is the first bilateral agreement of its kind. UK […] The post UK and US sign landmark agreement
Elon Musk, the multi-billionaire owner of Tesla and X, is suing artificial intelligence company OpenAI, accusing the firm of prioritising profit over developing AI for the public good. Mr Musk is bringing the suit against OpenAI, which he co-founded, and its chief executive, Sam Altman, for breaching a contract by reneging on its pledge to […] The post Elon
On 30th January 2024, the Court of Chancery of the State of Delaware delivered a 200-page post-trial opinion, in a stockholder derivative action, Tornetta v Musk, invalidating Elon Musk’s $56 billion performance-based equity compensation plan at Tesla, Inc. In immediate reaction, Musk posted on X thus: “Never incorporate your company in Delaware.” He followed it […] The post Elon
By Katharina PISTOR Rulers have always found it hard to accept limits on their power. When the French parliament disputed Louis XIV’s edicts in 1655, the king of France and Navarre is said to have responded: “L’état, c’est moi” (“I am the state”). The ensuing age of absolutism in France ended only with the French […] The post Elon Musk and the absolutist revival
Elon Musk has been ordered to testify for a third time in the probe into his takeover of Twitter, now known as X. US magistrate judge Laurel Beeler issued an order on Saturday night after Musk failed to appear before the Securities and Exchange Commission (SEC) on the arranged date. The judge said Musk “did […] The post Elon
A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company’s board of directors failed to prove “that the compensation plan was fair” or show much evidence that they had even negotiated with him. Tesla’s share price slid about 3% in after-hours trading Tuesday following news […] The post Elon Musk’s
Meta’s social media app Threads has launched in the European Union, five months after its release in other parts of the world. It debuted to much fanfare as a rival to Elon Musk’s X, formerly Twitter. But it was not made available in the EU, which has strict rules around data and big tech. Meta […] The post Threads: Meta’s rival to Elon Musk’s X launches
Tesla is recalling more than two million cars after the US regulator found its driver assistance system, Autopilot, was partly defective. It follows a two year investigation into crashes which occurred when the tech was in use. The recall applies to almost every Tesla sold in the US since the Autopilot feature was launched in […] The post Elon Musk’s
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