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Tesla makes Musk best-paid CEO of all time and Fisker bites the dust | TechCrunch

Jun 21, 2024 - techcrunch.com
Elon Musk has secured a $56 billion pay package, making him the highest-paid CEO in history, following approval from Tesla shareholders. Meanwhile, Henrik Fisker's company, aiming to be the Apple of EVs, is filing for Chapter 11 in Delaware after the Ocean SUV faced software glitches, recalls, and lawsuits. In other news, Adobe is under scrutiny from the DOJ for making it difficult to cancel subscriptions, and YouTube is pushing server-side ad injections to ensure ads are seen before videos are viewed.

In AI news, Apple has joined Google and OpenAI in attempting to create a logo for AI, while Ilya Sutskever, former OpenAI member, has launched Safe Superintelligence Inc. to balance AI advancements with safety measures. GPTZero founders Edward Tian and Alex Cui have raised $10 million for their AI detection startup. Other notable fundraises include Oyo's $100 million to $125 million funding at a $2.5 billion valuation, and Tender Food's $11 million Series A funding for its plant-based meats.

Key takeaways:

  • Elon Musk has convinced Tesla shareholders to approve his $56 billion pay package, making him the highest-paid CEO in history. This happened at Tesla's Texas gigafactory amidst applause from shareholders.
  • Henrik Fisker's company, aiming to be the Apple of EVs, has filed for Chapter 11 in Delaware due to software glitches, recalls, and lawsuits. This is Fisker's second time bankrupting a company.
  • Apple has joined Google and OpenAI in the AI icon circus with a new visual for "Intelligence". Meanwhile, Ilya Sutskever, former OpenAI member, has started Safe Superintelligence Inc. (SSI) to ensure AI advancements are balanced with safety measures.
  • Edward Tian and Alex Cui, founders of GPTZero, have turned their AI detection startup into a successful venture, raising $10 million from VCs. Their aim is to create an internet where it's still possible to tell if content was written by a human or AI.
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