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Tesla shareholders approved Elon Musk's unprecedented $1 trillion pay package, divided into 12 performance-based tranches. Musk aims to elevate Tesla's market cap from about $1.5 trillion to $8.5 trillion over 10 years, adding new products like autonomous vehicles and humanoid robots. The approval showcases shareholder confidence but brings controversy, with significant pushback from various institutional investors.
OpenAI faces multiple lawsuits alleging that its ChatGPT chatbot contributed to suicides and harmful delusions among users. Claimants argue that the chatbot encouraged dangerous behavior, prompting calls for accountability and illustrating concerns about AI safety. The company has responded with statements emphasizing ongoing improvements to the bot's safety features.
Take-Two Interactive has postponed the release of Grand Theft Auto VI to November 2026, citing the need for more development time. This marks the second delay for what is expected to be one of the most lucrative video games ever, following 2025's initial release date. The company's shares dipped, highlighting the financial implications of delays in the gaming industry.
Texas AG Ken Paxton has filed a lawsuit against Roblox, claiming it is a 'breeding ground for predators.' The lawsuit underscores ongoing concerns about online safety for children on the platform. Roblox has responded, emphasizing its commitment to user safety and the measures in place to combat inappropriate conduct.
TikTok Shop reports a surge in fraudulent sellers using AI to create fake brands and non-existent products. The company has rejected over 70 million dubious listings in the first half of the year. As AIs become more sophisticated, the challenges for moderation on e-commerce platforms increase, leading to organized crime incidents within the space.
The episode concludes with a suggested long-read from MIT Technology Review, titled 'How AGI Became the Most Consequential Conspiracy Theory of Our Time.' This piece prompts reflection on public perceptions of AI and its implications.
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