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.
And it did reduce its loss from operations by nearly half, from $506 million in 2022 to $267 million in 2023.
Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft.
In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated.
Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.
This could be chalked up to small monetary potatoes if Canoo reaches its revenue forecast for 2024 of $50 million to $100 million.
You could spend it training a generative AI model.
See Databricks’ DBRX, a new generative AI model announced today akin to OpenAI’s GPT series and Google’s Gemini.
Customers can privately host DBRX using Databricks’ Model Serving offering, Rao suggested, or they can work with Databricks to deploy DBRX on the hardware of their choosing.
It’s an easy way for customers to get started with the Databricks Mosaic AI generative AI tools.
And plenty of generative AI models come closer to the commonly understood definition of open source than DBRX.
You may recall that Automattic bought all-in-one messaging app Texts.com for $50 million back in October.
Well, we had questions, not just about the deal, but also the state of the written word online.
So, we brought on Matt Mullenweg, the CEO of Automattic and co-founder of WordPress, along with Kishan Bagaria, the founder of Texts.com., to talk about the transaction and what it means.
A few notes before you hit play: First, Automattic is more acquisitive than you’d expect.
Alright, sit back, hit play, and have some fun with us!
Since Facebook launched its one-stop shop for creative content creators called Reels, time spent on its platform has grown more than 24%. This is likely due to the AI-powered content…
A government watchdog blasted the Department of the Interior’s cybersecurity, revealing they were able to hack thousands of employee user accounts due to lax security policies allowing easily guessable passwords…
