The Delaware Supreme Court rules that Elon Musk's 2018 Tesla CEO pay package, worth around $56B when it vested, must be restored, ending a years-long fight
Will his net worth increase? New York Times : Elon Musk's 2018 Tesla Pay Deal Is Restored by Delaware Supreme Court X: Eric W. / @ewess92 : Tesla wins & @elonmusk gets equity. Big win for rule of law,...
Coinbase plans to move its incorporation from Delaware to Texas, saying Delaware “once provided companies with consistency” but now has “unpredictable outcomes”
Coinbase is following Tesla out of Delaware and into Texas. — Paul Grewal, Coinbase's chief legal officer …
A Delaware federal jury rules that GoDaddy owes patent owner Express Mobile $170M for violating its rights in website-building technology; GoDaddy will appeal
Blake Brittain / Reuters :
Elon Musk's lawyer pledges to fight OpenAI's for-profit restructuring and says California's and Delaware's AGs “cannot sanitize OpenAI's unlawful conduct”
Bloomberg :
OpenAI estimates ~0.07% of ChatGPT's weekly active users “indicate possible signs of mental health emergencies” like mania, and details its safety improvements
Millions use ChatGPT like a therapist, but that's about to change Viktor Eriksson / PCWorld : Over 1 million ChatGPT users mention suicidal intent every week BBC : ChatGPT shares data on how many user...
A Delaware court dismissed Arm's last claim against Qualcomm, ruling that Qualcomm and subsidiary Nuvia didn't breach license agreements; Arm plans to appeal
U.S. court rejects Arm's lawsuit, confirms Qualcomm's can use Oryon cores acquired via Nuvia Qualcomm : Qualcomm Achieves Complete Victory Over Arm in Litigation Challenging Licensing Agreements Gavin...
In a letter to OpenAI, AGs of California and Delaware raise concerns about the deaths of two ChatGPT users and threaten to block OpenAI's planned restructuring
George Hammond / Financial Times :
a16z moves its state of incorporation to Nevada, saying that “Delaware courts can at times appear biased against technology startup founders and their boards”
a16z.com/were-leaving... X: @writeclimbrun : wow. a16z is leaving Delaware for Nevada. the blog post is crazy. https://a16z.com/... @bhorowitz : We are outta Delaware and now in Nevada https://a16z.co...
Sources: Meta is looking to raise $3B in equity and $26B in debt, from private capital firms, including Apollo Global and KKR, to fund its data center build out
www.ft.com/content/aff1... @ivanthek : WTF? — This is not exactly a vote of confidence in their own strategy. — www.ft.com/content/aff1... [image] X: Luke Kawa / @ljkawa : Private credit and AI, ...
Source: Delaware's AG is hiring an investment bank to independently value the equity that OpenAI's nonprofit parent will hold in the new for-profit entity
Wall Street Journal :