Elon Musk's ambitious compensation plan hinges on achieving significant corporate goals, potentially making him the world's first trillionaire. The plan, valued at nearly a trillion dollars, requires shareholder approval and involves increasing Tesla's market value eightfold over the next decade. Musk must also oversee key operational milestones, including autonomous taxi deployment and profit growth, to earn the full amount.
Related news
Meta has been hosting AI chatbots impersonating celebrities like Taylor Swift and Scarlett Johansson without permission, as reported by Reuters. These chatbots, including those created by a Meta employee, engaged in sexual advances and generated inappropriate content, including intimate images and depictions of a minor. Meta acknowledged policy failures and removed some bots following the investigation.
Reliance Industries Chairman Mukesh Ambani declared India's rise as unstoppable at the company's Annual General Meeting. He highlighted India's rapid GDP growth, projecting a potential 10% annual increase with the right reforms. Ambani envisioned a four to five-fold rise in per capita income within two decades, fostering a more prosperous and equitable nation.
In Etah, Uttar Pradesh, four men were acquitted after an 11-year gang-rape trial when the woman admitted the crime never occurred. The court ordered action against the woman and her husband for filing a false case, and against the investigating officer for a flawed investigation.
Nvidia's Q2 fiscal year 2026 revenue surged to $46.7 billion, marking a 56% year-over-year increase. CEO Jensen Huang emphasized the importance of US tech companies' presence in China, advocating for American technology to become a global standard. Nvidia is resuming sales to China with government licenses.
Piotr Szczerek, a Polish businessman and Drogbruk co-founder, faced global criticism after a video surfaced of him taking a signed cap intended for a young fan at the 2025 US Open. This act sparked outrage, leading to calls for boycotts of his company and highlighting the impact of public behavior in the digital age.
Donald Trump held a White House dinner for tech leaders. He congratulated Google's Sundar Pichai on winning an antitrust case. Pichai thanked Trump's administration for constructive dialogue. He praised the US AI action plan. Trump incorrectly blamed Joe Biden for the Google lawsuit. Google and Trump are still in legal discussions over YouTube censorship.
Salesforce CEO Marc Benioff announced a significant reduction of 4,000 customer support positions, a 45% decrease, as AI agents now handle 50% of customer interactions. This shift contrasts with Benioff's July statements, where he downplayed AI's potential for mass unemployment. The company is also utilizing AI to address a backlog of over 100 million uncalled sales leads.
A controversy has erupted within India's scientific community following the International Olympiad on Astronomy and Astrophysics (IOAA) in Mumbai. Accusations have surfaced against faculty members for allegedly orchestrating a resolution to suspend Israel's participation due to the ongoing conflict in Gaza.
Pawan Khera alleged that the Election Commission dismissed approximately 89 lakh complaints of irregularities raised by Congress's Booth Level Agents during Bihar's Special Intensive Revision of electoral rolls. Khera questioned the EC's intentions, claiming that BLAs' complaints were rejected with the directive that only individual complaints would be accepted, not those from political parties.
Royal Challengers Bengaluru (RCB) has launched 'RCB CARES' to support families of the eleven victims of the June 4th tragedy that occurred after their IPL victory parade. Each family will receive Rs 25 lakh as initial support. The franchise aims for long-term community support and fan engagement through this initiative.