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Musk’s $1T pay package is full of watered-down versions of his own broken promises

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Tesla has proposed a massive new $1 trillion compensation package for its CEO Elon Musk, and many of the benchmarks he needs to hit are simply watered-down versions of promises he’s spent years making about the company. That’s not the picture Tesla’s board of directors paints in the company’s annual proxy statement, where they revealed […]

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Tesla shareholders to vote on investing in Musk’s AI startup xAI

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Tesla shareholders will soon vote whether to let the electric vehicle maker invest in Elon Musk’s AI startup xAI, a proposal pitched as a way to strengthen Tesla’s ambitions in AI, robotics, and energy.  Listed in Tesla’s proxy statement alongside a company-backed push to raise Musk’s 10-year pay package to $1 trillion, the proposal comes

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Rivian makes its second small workforce cut of the year ahead of R2 SUV launch

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Rivian is laying off around 150 workers — its second small staff cut in a matter of months — as the company readies itself for the all-important launch of its more-affordable R2 SUV next year. The company confirmed to TechCrunch that the new cuts were mostly to its “commercial” team, which deals with sales and

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AI logistics startup Augment, from Deliverr’s founder, raises massive $85M Series A

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Having built and sold e-commerce shipping startup Deliverr to Shopify for $2.1 billion in 2022, co-founder and CEO Harish Abbott knows the logistics industry well. Abbott felt that many manual tasks in logistics could be automated using AI. That’s why last year he launched Augment, which offers an AI assistant called “Augie” that can take

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GE Aerospace to invest $300M in Beta Technologies to pair up on hybrid-electric power

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GE Aerospace is taking a sizable stake in electric aviation company Beta Technologies, with the pair teaming up to build a hybrid-electric turbogenerator for next-gen aircraft. GE will also invest $300 million, pending regulatory approval, under a strategic deal announced Thursday. The new partnership comes as hybrid solutions gain momentum in the advanced air mobility

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JetBlue will use Amazon’s Project Kuiper satellites for free in-flight internet

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Many major airlines are beefing up their in-flight internet offerings by tapping SpaceX’s Starlink satellites, but JetBlue is going in a different direction. Amazon and JetBlue announced Thursday a partnership under which the airline will instead use Amazon’s Project Kuiper satellites to provide free in-flight connectivity starting in 2027. The Kuiper terminals on JetBlue’s planes

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