Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI.
Category: Tech Crunch
Bret Taylor’s Sierra raises $350M at a $10B valuation
Customer service AI agent startup Sierra claims to have hundreds of customers, including SoFi, Ramp, and Brex, among others.
Rivian makes its second small workforce cut of the year ahead of R2 SUV launch
The company previously laid off around 140 workers in its manufacturing division in June.
Madrid’s Orbital Paradigm aims to prove a cheaper path to orbital reentry
Orbital Paradigm is moving fast and cheap to industrialize low Earth orbit.
Mistral, the French AI giant, is reportedly on the cusp of securing a $14B valuation
The two-year-old OpenAI rival, founded by former DeepMind and Meta researchers, develops open source language models and Le Chat, its AI chatbot built for European audiences.
Scale AI is suing a former employee and rival Mercor, alleging they tried to steal its biggest customers
Scale is clearly concerned enough about the threat of Mercor, and the poaching of one of its employees, to pursue legal action.
Apple’s Siri upgrade could reportedly be powered by Google Gemini
An AI Siri is in the works and it could be running Gemini under the hood.
xAI’s CFO is the latest executive to leave Elon Musk’s AI firm
While at xAI, Mike Liberatore helped orchestrate the company’s $5 billion debt raise, alongside another $5 billion in equity — almost half of which came from SpaceX.
Waymo expands to Denver and Seattle with its Zeekr-made vans
Add another two cities to the growing list where Waymo is looking to deploy its robotaxis. The company will start with manual testing but is eyeing a commercial launch in both cities.
Google avoids break up, but has to give up exclusive search deals in antitrust trial
U.S. District Court Judge Amit P. Mehta outlined remedies on Tuesday that would bar Google from entering or maintaining exclusive deals that tie the distribution of Search, Chrome, Google Assistant, or Gemini to other apps or revenue arrangements.