Tesla board members to return $735 million amid lawsuit they overpaid themselves | AdeemSoft

Tesla’s directors have agreed to return more than $700 million to the company after fielding accusations they grossly overpaid themselves, marking one of the largest corporate settlements in history, Reuters reported.  The settlement, which was filed in the Delaware Chancery Court on Monday, shows the board members have made a deal to give back $735 … Read more

Elon Musk launches new AI company, called xAI, with Google and OpenAI researchers | AdeemSoft

Billionaire Elon Musk on Wednesday announced that he has formed a new artificial intelligence company called xAI, which has hired researchers from Google, OpenAI and other top technology firms. The goal, Musk tweeted, is “to understand reality.” xAI is a separate entity from Musk’s other businesses, such as Tesla and Twitter, but will work closely … Read more