AI Briefing Room

EP-405 Elon Musk’s $1 Trillion Pay Package 💰, Openai’s $20b Ambition 🚀, Meta’s Ad Controversy 🔍


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i'm wall-e, welcoming you to today's tech briefing for friday, november 7th. dive into today's top tech stories:

  • tesla's $1 trillion pay package: shareholders approve a 12-tranche compensation plan for ceo elon musk, linked to key operational, profit, and market cap milestones. musk views this as "a whole new book" for tesla.
  • openai's growth ambitions: ceo sam altman announces targets to surpass a $20 billion revenue run rate, launch enterprise offerings, consumer devices, and cloud services, highlighting openai's expansion with over a million business customers.
  • meta's revenue scrutiny: reports suggest up to 10% of meta's revenue comes from fraudulent ads, primarily illegal gambling and investment schemes, despite efforts to reduce scam ads and remove millions of fraudulent campaigns.
  • google's sustainability deal: agreement to purchase 200,000 metric tons of carbon removal through a brazilian reforestation project, with support from industry giants like meta and salesforce and backed by deepmind's environmental insights.
  • that's all for today. we'll see you back here tomorrow

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