committee

Enterprise

“Elon Musk’s X: Tesla’s $200,000 Advertising Investment”

We now know how much Tesla paid as it released its annual proxy statement on Wednesday morning, which includes a section on “related person transactions” the company has made. Tesla has also paid X around $50,000 in 2023 and $30,000 through February 2024 for “commercial, consulting and support agreements.” Likewise, X paid Tesla $1 million in 2023 and around $20,000 through February 2024 for the same unspecified work. Tesla paid Musk’s tunneling effort, The Boring Company, $200,000 in 2023 and $1 million through February 2024. “The Committee and its counsel are aware of the media narrative regarding Musk, Tesla, and its Board,” the committee writes in the proxy. “And the Committee’s work was conducted against a backdrop of unrelenting public interest in whether Tesla would reincorporate and in Musk’s compensation.

Dylan Williams
April 17, 2024

Robotics & AI

Rubrik’s Initial Public Offering Filing Unveils the Formation of an AI Governance Board. Prepare for It.

According to the Form S-1, the new AI governance committee includes managers from Rubrik’s engineering, product, legal and information security teams. Here’s why having AI governance could become the new normal. “Aside from its strategic role to devise and oversee an AI governance program, from an operational perspective, AI governance committees are a key tool in addressing and minimizing risks,” he said. The EU AI Act has teeth, and “the penalties for non-compliance with the AI Act are significant,” British-American law firm Norton Rose Fulbright noted. Establishing AI governance committees likely will be at least one way to try to help on the trust front.