Tesla CEO Elon Musk wins appeal for his 2018 pay package
Tesla CEO Elon Musk has won an appeal to the Delaware Supreme Court, restoring his 2018 pay package, which was worth $56 billion at the time but has since ballooned in value, Reuters reports.
Two years ago, a lower court had struck down the compensation deal, calling it “unfathomable,” and Musk has been fighting for it since then.
Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.
Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.
It took Facebook and Instagram around eight years; it took YouTube just over six; even TikTok, which at the time felt like it was a global sensation almost as soon as it arrived, took more than half a decade.
Now, though, the mobile version of ChatGPT has positively left the biggest platforms (and all of your other favorite apps) in the dust, hitting 1 billion monthly active users in just three years, per new data from market intelligence firm Sensor Tower, as more users turn to OpenAI’s chatbot each month.
Sherwood News
While rival Anthropic might be pulling ahead in terms of annualized recurring revenue, enterprise customer adoption, and valuation, the app version of Claude, a market-leading chatbot on several counts, has clocked only 56 million monthly active users in the quarter to date.
In fact, according to Abe Yousef, a senior insights analyst at Sensor Tower, ChatGPT’s monthly active user count for the quarter to date outweighs the figures for Claude, Gemini (472 million), Doubao (106 million), Dola (78 million), DeepSeek (68 million), Meta AI (61 million), Grok (50 million), Perplexity (44 million), and Copilot (31 million)... combined.
ChatGPT made a pretty big splash in the tech world when it landed toward the end of 2022, but there’s no question that the mobile versions — which launched on iOS in May 2023, then on Android a couple months later — helped to catapult the chatbot into the mainstream proper.
There are fewer humans working in Amazon warehouses these days, but those that are still there can at least talk to robots.
At its Delivering the Future event in London, the e-commerce giant unveiled the next generation of Proteus, its autonomous warehouse robot. Instead of requiring complex coding, workers can now give the machine verbal instructions in plain language, like telling it to haul a heavy cart across the floor.
While Amazon’s older generations of warehouse robots were restricted to fenced-off loading docks, Proteus is a fully untethered model that uses AI to safely navigate the entire fulfillment floor alongside human staff. The new robot is the centerpiece of a massive €10 billion ($11.6 billion) investment to modernize Amazon’s European logistics network and is currently being piloted in company labs before a planned rollout in early 2027.
While Amazon’s older generations of warehouse robots were restricted to fenced-off loading docks, Proteus is a fully untethered model that uses AI to safely navigate the entire fulfillment floor alongside human staff. The new robot is the centerpiece of a massive €10 billion ($11.6 billion) investment to modernize Amazon’s European logistics network and is currently being piloted in company labs before a planned rollout in early 2027.
Meta has repeatedly delayed the release of developer access to Muse Spark, its newest AI model, according to The Wall Street Journal. While the model launched in April and powers Meta’s AI products, developers outside the company have been kept waiting for access to the API.
That’s a glaring bottleneck for a company spending up to $145 billion on AI infrastructure this year: without an API, Meta can’t easily sell access to the model, ceding a lucrative monetization engine to rivals like OpenAI and Anthropic.
Meta told The Wall Street Journal that API access would be available this month.
That’s a glaring bottleneck for a company spending up to $145 billion on AI infrastructure this year: without an API, Meta can’t easily sell access to the model, ceding a lucrative monetization engine to rivals like OpenAI and Anthropic.
Meta told The Wall Street Journal that API access would be available this month.
Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
