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- Tesla shareholders sue Musk for starting competing AI company
Tesla shareholders sue Musk for starting competing AI company
Ray Choi
June 14, 2024
Welcome, AI enthusiasts.
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Bible Verses of the Day
1 So if there is any encouragement in Christ, any comfort from love, any participation in the Spirit, any affection and sympathy, 2 complete my joy by being of the same mind, having the same love, being in full accord and of one mind. 3 Do nothing from selfish ambition or conceit, but in humility count others more significant than yourselves. 4 Let each of you look not only to his own interests, but also to the interests of others. [Philippians 2:1-4, ESV]
What's in this week's issue?
🚗 Tesla shareholders sue Musk for starting competing AI company
🇮🇳 Meet the Indian team behind the world’s first autonomous AI university professor
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Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup.
The lawsuit is one of the most direct challenges to Musk’s decision to start xAI, and it comes on the heels of his threat to develop AI outside of Tesla unless he is awarded more voting control over the company.
The suit was also filed just a few hours before Tesla is scheduled to host its annual meeting, where shareholders will likely vote to re-ratify the $56 billion compensation package that was struck down by a judge earlier this year.
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Malar, the world’s first autonomous AI university professor, could be a massive leap for AI in education. A product of Chennai-based startup HaiVE, Malar has been trained entirely on the engineering syllabus from Anna University and launched this year.
The AI university professor quickly became viral. HaiVE co-founder Arjun Reddy told AIM, in an exclusive interaction, that on the morning of her launch, he had woken up to their servers crashing, thanks to an influx of first-time visitors.
HaiVE is a B2B startup that specialises in building on-premise AI solutions for its clients, allowing them to rely on their own servers, ensuring data privacy. With initial success, they decided to undertake their first B2C venture this year with Malar.
Easy Cloud News
Listen or read the following transcript as Christopher Ash examines Esther 4–5, focusing on Esther’s courage and faith as she steps up to save her people. He highlights how God orchestrates events and uses individuals to fulfill His purposes, encouraging believers to trust in God’s sovereignty and to act with faith and bravery in challenging situations.
The following unedited transcript is provided by Beluga AI.
AI News
⚽️ AI predicts win for Germany in Euro 2024 opener, while it’s bad news for England (link)
👀 Robot radiotherapy could improve treatments for eye disease (link)
🖥️ Meta pauses plans to train AI using European users’ data, bowing to regulatory pressure (link)
🗣️ Spotify announces an in-house creative agency, tests generative AI voiceover ads (link)
👨⚖️ Elon Musk withdraws lawsuit against OpenAI and CEO Sam Altman (link)
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