A Delaware judge ruled Monday that a Tesla shareholder vote endorsing a $56 billion pay package for Elon Musk does not change her original ruling invalidating the compensation plan.
Why it matters: Chancellor Kathaleen McCormick dismissed the compensation deal in January, saying Musk had failed to prove it was fair and properly disclosed to shareholders when it was first announced in 2018.
The time is nigh: Soon enough, nearly every Instagram story you see will be of friends' Spotify Wrapped results.
The big picture: So charge your headphones, listen to your favorite artist a few more times, and, as Spotify is encouraging, ensure your app is up to date.
Elon Musk on Friday filed for a preliminary injunction to stop OpenAI from transitioning into a for-profit entity, arguing that OpenAI might otherwise "lack sufficient funds" were the court to eventually rule in Musk's favor.
Why it matters: OpenAI told investors in its recent $6.6 billion funding round that they could get their money back, upon request, if the structural switch isn't completed within two years.
Scrolling through silly or nonsensical social media posts can have an unofficial side effect: "brain rot."
Why it matters: It's a phrase Oxford University Press said "gained new prominence in 2024" — so much so that Oxford dubbed the term its word of the year.
OpenAI uses some customer information to power ChatGPT and other services, but like other AI providers it relies heavily on "publicly available" information scraped from the internet to train its generative models.
The big picture: The company behind ChatGPT — originally a nonprofit, now gradually transforming itself into a more traditional startup — has been relatively clear about how it uses customer data. Like most of its competitors, however, it doesn't tell the world exactly what data its models have been trained on.
Fidelity mutual funds marked up the value of their X Holdings shares by 32.37% in October, the largest monthly increase since helping Elon Musk buy the company in 2022.
The big picture: Even with the valuation boost, Fidelity believes X is worth nearly 72% less than the $44 billion purchase price.
Investor Marc Andreessen set off a firestorm this past week when he said dozens of tech executives were quietly "debanked" during the Biden administration, highlighting an obscure but politically fraught practice.
Why it matters: Having your access to the banking system revoked is a significant but not necessarily unusual penalty — one that nonetheless has aggravated a conservative base prone to suspicion of government overreach.
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