In 2018, Tesla awarded Elon Musk a $56 billion pay package that helped propel him to the top of world's richest lists. Now, a judge in Delaware has rendered the deal between the company and the CEO to be invalid and called the compensation an "unfathomable sum" that's unfair to shareholders. As initially seen and reported by Chancery Daily on Threads, the court of Chancery in Delaware has released its decision on the lawsuit filed by Richard Tornetta. The Tesla shareholder accused the automaker of breaching its fiduciary duty by approving a package that unjustly enriches its chief executive.
Judge Kathaleen McCormick wrote in the decision that Musk "enjoyed thick ties" with the directors who were in charge of negotiating his pay package on behalf of Tesla, which means there "was no meaningful negotiation over any of the terms of the plan." The judge also talked about how Musk owned 21.9 percent of the automaker when the package was negotiated. That gave him "every incentive to push Tesla to levels of transformative growth," because he stood to gain $10 billion for every $50 billion in market capitalization increase.
"Swept up by the rhetoric of 'all upside,' or perhaps starry eyed by Musk’s superstar appeal, the board never asked the $55.8 billion question: Was the plan even necessary for Tesla to retain Musk and achieve its goals?" the judge wrote in the court document. As The Washington Post notes, she ruled that Tornetta is entitled to a "rescission" and has ordered Tesla and its shareholders to carry out her decision and undo the deal. Musk's camp, however, can still appeal her ruling.
Musk has sold some of his Tesla stocks to help pay for his acquisition of Twitter, now X, from the time his pay package was approved. At the moment, he owns around 13 percent of Tesla, though he recently said that he wants 25 percent control over the company before he's comfortable growing it to be a leader in AI and robotics.
In response to the court's decision, Musk tweeted: "Never incorporate your company in the state of Delaware." He also posted a poll asking followers whether Tesla should change its state of incorporation to Texas, where its physical headquarters are located.
This article originally appeared on Engadget at https://www.engadget.com/elon-musks-56-billion-tesla-pay-package-has-been-tossed-out-by-the-court-074235803.html?src=rss
Are you eager to dive into the world of augmented and virtual reality with Apple’s latest offering? If so, you’ll be pleased to know that the new Apple Vision Pro, priced at a premium $3,500 for the 1TB version, is now stepping into the spotlight. This marks Apple’s initial venture into AR/VR headsets, and the […]
Everyone deserves the opportunity to multitask, but not everyone has $3500 for an Apple Vision Pro headset. The metaverse’s biggest feature-push has been its ability to let you host multiple screens in your virtual space, allowing you to work on simultaneous projects or even keep dedicated displays for work/entertainment/inspiration. However, an obvious alternative to strapping glasses to your face is to simply have multiple screens in the real world! You could opt for a bulky, non-portable monitor… or something as sleek as the FlipGo from JSAUX. Designed to look like a super-slim laptop, the FlipGo is, in fact, a dual-monitor setup that connects to your laptop or PC with a single cable. In mere seconds, it gives you three screens instead of one, with a variety of mounting/docking accessories like folio cases, stands, and VESA mounts, along with two screen sizes to choose from, depending on your needs and requirements. When you’re done, just shut the FlipGo like you would a laptop. It’s that simple… and frankly, it’s a lot better than having a massive VR block strapped to your head. And at $329, it’s a lot cheaper too.
What stands out immediately with the FlipGo is its design, balancing the fine line between screen size, portability, and sheer sleekness. Available in two sizes (13.5 inches and 16 inches), it manages to provide ample screen space without feeling bulky. The 13.5-inch model weighs 1.1 kg, while the 16-inch variant is slightly heavier at 1.6 kg, underscoring its portability. But it’s not just about the size and weight; the display quality is a visual treat. With resolutions of 2256×1504 (2.2K) for the smaller model and 2560×1600 (2.5K) for the larger one, and a 100% sRGB color gamut, the FlipGo promises vibrant and crisp visuals. The 60Hz refresh rate, although standard, contributes to the smoothness of the display.
Magnetic Design
The FlipGo isn’t just versatile in its physical design; its functionality is equally adaptable. Switching between UltraView (dual-screen) and DuoViews (triple-screen) modes is effortless, which is a big plus for those who value productivity without technological complexity. The FlipGo is also accompanied by a variety of stands and mounting accessories, giving you everything from a portable folio case/stand to a much more comprehensive magnetic VESA Stand attachment that gives you full freedom to orient and use your dual-screen setup however you see fit… and even adapt between mounting styles depending on your needs. This allows the FlipGo to cater to a wide range of users – from professionals who need extra screen space for spreadsheets and presentations, to designers and coders who thrive with a broader canvas for their creative and technical work.
Connectivity is another area where the FlipGo shines. It’s equipped with an array of ports, including USB-C and Mini HDMI, catering to various devices and preferences. The inclusion of DisplayPort MST for Windows and DisplayLink for Macs, albeit requiring software installation for the latter, shows JSAUX’s commitment to versatility. The ergonomic design of the FlipGo also deserves mention, featuring multiple stand options like the Flex Folio, Snap Stand, Stand Holder, and Snap VESA Adapter, allowing users to easily magnetically snap on or off their dual-screen gadget onto a variety of stand options, allowing users to find their perfect viewing angle.
The two sizes are split across Pro and Standard tiers, offering a variety of features unique to each tier. The Pro variants offer the aforementioned UltraView mode (a single-cable dual-screen experience), along with DisplayLink support, whereas Standard tier users can skip on Pro features but even get an optional upgrade to include touchscreen input, turning your FlipGo into a portable tablet for your workstation! The visual clarity, resolution, and color reproduction remain standard across all tiers, regardless of whether you opt for Pro or Standard variants. The FlipGo starts at $329 for the 13.5-inch model, while the larger 16-inch model starts at $479. Both models come with a 12-month warranty, lifetime support, and international shipping beginning May 2024.
Electronic bikes have taken the automobile industry by storm! Living a more sustainable and conscious life has become imperative, with life on Earth getting more and more difficult. Curbing fuel consumption, and reducing automotive emissions has become critical, and e-bikes are an environment-friendly option, encouraging these practices. With the e-bike craze gaining momentum, designers have been coming up with innovative and super cool e-bike designs, and we’ve collected a few for you. Dive in!
1. Diode
Designed by Tien Hung, this e-bike concept is called the Diode, and it features a neo-minimalistic design that pays tribute to the future of the electric power train. The form of the bike is practically invisible, except for one singular horizontal pillar that smoothly runs from the dashboard to the taillight and a massive battery module that is nestled underneath it. It also features a powerful rear-wheel drivetrain and a comfy set.
2. MOQBA
Dubbed the MOQBA, this concept design is an e-scooter/bike that can climb stairs! It is designed to be a next-generation mobility ride for those who often face difficulty in mobility. It is not intended to be a two-wheel wonder, rather it rides on four independent legs with wheel extensions. It can be categorized as an innovative mini mecha for the future! Although at the moment, it does seem a bit far-fetched, it could have valuable utility in the future.
3. Mimic E-bike
The MIMIC e-bike is a powerful electric power that looks like a crouching jungle cat of a bike and was designed by Roman Dolzhenko. It is outfitted with a body that looks more like armor and comes with a rounded Tron Light Cycle-inspired form that is outfitted with rounded elements, and an overall absence of straight lines or sharp edges.
4. Pro.Zui
The Pro.Zui is something between a scooter, a moped, and an e-bike. Designed to be a daily commuter, it features a sleek design aesthetic amped up by cutting-edge technology, providing users with an incredible riding experience. It can cover a range of 120 kilometers on a single charge from an advanced electric battery. It utilizes state-of-the-art battery technology, supporting a reliable and long-lasting journey.
5. Porsche 619 Concept
Designed by Jackson Zhang, the Porsche 619 electric concept is an exciting response to Porsche’s plans to go electric by 2030. The 619 is the first proper electric motorcycle we’ve seen, and it features a unique design, putting Porsche’s automotive DNA in the backseat, while also creating something minimalist, geometry-driven, and iconic! It features a segmented LED matrix headlight like the one seen in the Taycan, while the seat features the word “Porsche” on the outer cover.
6. The Project M³ Concept Motorbike
Called the Project M³ concept motorbike, this automotive is designed by Richard Huang and features an ingrained biomimicry for motorheads. It has a head inspired by the dolphin, and the electric motor onboard is charged using a blowhole-like nose, imparting a lifelike presence to it. The dolphin is mirrored on the toothed wheel rims, and the front headlights section too.
7. The Mantis
Named the Mantis, and called a MiniBike, this compact little two-wheeler is an urban commuting dream. It seats one person and lets the rider easily and swiftly cover distances. It features a unique, horizontal frame with a seat and handlebars at the same level, and it also features a detachable and replaceable battery that can be packed right underneath the seat.
8. BMW G7 Scrambler
Coined the BMW G7 Scrambler, this electric bike with a Z-shaped frame, a bottom-heavy design, a cantilever seat, and a stunning headlight, is truly the words “if looks could kill” come to life! It is a unique-looking concept that comes with a choice between a fuel-based and electric powertrain, although both variants look identical on the outside.
9. Colibri M22
Petre Georgescu designed an electric bike that can reach the farthest on a single charge! Called the Colibri M22, this foldable electric moped can get you as far as 200km without having to recharge. Once you’re done commuting, you can easily fold and store the e-bike somewhere, for example under stairways, or in a storage area as it features compact mechanisms that can be neatly folded away.
10. 2029 E-Bike
Inspired by the revolutionary design of the 1929 Majestic built by George Roy, this 2029 e-bike combines art-deco and automotive design to build an innovative design that features clean-cut geometric shapes that are created by sheet-metal fabrication, alongside bone-inspired generative-design details that have been 3D printed in metal.
Meet the most lovable police force in the NYPD. This adorable build by LEGO creator Ben Fankhauser details the entire 99th precinct, complete with all the rooms and characters of the hit TV series, Brooklyn Nine-Nine. The set, in great detail, features all of the show’s recurring characters, along with the bullpen, captain’s office, rec room, kitchen, and the printer room. The only missing room seems to be the infamous briefing/meeting room that formed a core part of the planning (and chaos) behind some of the squad’s missions… but that’s a trade-off I’m happily willing to make.
Designer: Ben Fankhauser
The beauty of Fankhauser’s build is just the sheer amount of detail gone into recreating every aspect of the precinct’s floor, along with a few secret details scattered along the way. “The set is packed full of Easter eggs,” says Fankhauser, detailing some of the dizzyingly specific references to the show itself. The break room has the training dummy, while Holt’s office has his pet corgi, Cheddar. You’ll find a portrait of Holt on Terry’s desk (right beside his yogurt), and those disgusting chocolate and cheese fountains on Hitchcock and Scully’s tables. Speaking of disgusting, Jake Peralta’s pet rat Algernon can be found somewhere too, as can Boyle’s ancestral sourdough starter.
The details extend to the characters found in the set too. You’ve obviously got the showrunners, Jake Peralta, Charles Boyle, Amy Santiago, Rosa Diaz, Sgt. Terry Jeffords, Capt. Raymond Holt, Gina Linetti, Norm Scully, and Michael Hitchcock… but the set also includes a few crowd favorites like Holt’s partner Kevin Cozner, and arguably Jake’s soulmate, the elusive Doug Judy, the Pontiac Bandit!
The set comes in at a little over 1,500 pieces, with the bulk of this piece count coming from small 2×2 tiles used for the flooring. The smooth floor is perfect for anyone aiming to recreate the full bullpen, playing out scenes from the TV series.
Almost emblematic of the series itself, this LEGO build from Ben Fankhauzer was ‘cancelled’ by LEGO not once, but twice. It reached its 10,000 vote mark twice but was rejected by the LEGO internal team (probably for licensing reasons). Unfazed by defeat, Fankhauser is giving the LEGO MoC (My Own Creation) yet another shot at being turned into a box-set, and has already gathered a staggering 6,382 votes (including my own) and is looking to hit the 10,000 mark for a third, and hopefully last time. You can cast your vote for the build on the LEGO Ideas website here. Captain Holt would want this.
Microsoft posted another blowout earnings report for Q2 of the 2024 fiscal year, with revenues of $62 billion (up 18 percent from last year) and profits of $21.9 billion (a 33 percent increase). But really, the most interesting thing about this quarter is that we finally get to see how the $68.7 billion Activision Blizzard acquisition affects the $3 trillion company. While Microsoft isn't breaking out specific numbers, it says that its overall gaming revenue increased by 49 percent, 44 points of which came from the "net impact" of the Activision deal.
Microsoft's More Personal Computing division, which includes Xbox, Surface and Windows, was up 19 percent ($16.9 billion) since last year. The company says the Activision deal accounted for 15 points of that increase. It's a huge change for a division that's been severely impacted by dwindling PC sales (which affects Windows licenses and Surfaces) and struggling Xbox consoles. PC device revenues were down 9 percent for the quarter, while Xbox hardware sales were up 3 percent.
Xbox content and services revenue is also up 61 percent since last year, 55 points of which comes from Activision. It'll be interesting to see if Microsoft can actually leverage that acquisition to help Xbox sales, or at the very least, spur on more interest in Game Pass subscriptions. (Unfortunately, we don't have any updates on how that service is doing.)
This article originally appeared on Engadget at https://www.engadget.com/microsofts-gaming-revenue-is-up-49-percent-in-q2-mostly-thanks-to-the-activision-deal-222502444.html?src=rss
A Microsoft manager claims OpenAI’s DALL-E 3 has security vulnerabilities that could allow users to generate violent or explicit images (similar to those that recently targeted Taylor Swift). GeekWirereported Tuesday the company’s legal team blocked Microsoft engineering leader Shane Jones’ attempts to alert the public about the exploit. The self-described whistleblower is now taking his message to Capitol Hill.
“I reached the conclusion that DALL·E 3 posed a public safety risk and should be removed from public use until OpenAI could address the risks associated with this model,” Jones wrote to US Senators Patty Murray (D-WA) and Maria Cantwell (D-WA), Rep. Adam Smith (D-WA 9th District), and Washington state Attorney General Bob Ferguson (D). GeekWirepublished Jones’ full letter.
Jones claims he discovered an exploit allowing him to bypass DALL-E 3’s security guardrails in early December. He says he reported the issue to his superiors at Microsoft, who instructed him to “personally report the issue directly to OpenAI.” After doing so, he claims he learned that the flaw could allow the generation of “violent and disturbing harmful images.”
Jones then attempted to take his cause public in a LinkedIn post. “On the morning of December 14, 2023 I publicly published a letter on LinkedIn to OpenAI’s non-profit board of directors urging them to suspend the availability of DALL·E 3),” Jones wrote. “Because Microsoft is a board observer at OpenAI and I had previously shared my concerns with my leadership team, I promptly made Microsoft aware of the letter I had posted.”
A sample image (a storm in a teacup) generated by DALL-E 3
OpenAI
Microsoft’s response was allegedly to demand he remove his post. “Shortly after disclosing the letter to my leadership team, my manager contacted me and told me that Microsoft’s legal department had demanded that I delete the post,” he wrote in his letter. “He told me that Microsoft’s legal department would follow up with their specific justification for the takedown request via email very soon, and that I needed to delete it immediately without waiting for the email from legal.”
Jones complied, but he says the more fine-grained response from Microsoft’s legal team never arrived. “I never received an explanation or justification from them,” he wrote. He says further attempts to learn more from the company’s legal department were ignored. “Microsoft’s legal department has still not responded or communicated directly with me,” he wrote.
An OpenAI spokesperson wrote to Engadget in an email, “We immediately investigated the Microsoft employee’s report when we received it on December 1 and confirmed that the technique he shared does not bypass our safety systems. Safety is our priority and we take a multi-pronged approach. In the underlying DALL-E 3 model, we’ve worked to filter the most explicit content from its training data including graphic sexual and violent content, and have developed robust image classifiers that steer the model away from generating harmful images.
“We’ve also implemented additional safeguards for our products, ChatGPT and the DALL-E API – including declining requests that ask for a public figure by name,” the OpenAI spokesperson continued. “We identify and refuse messages that violate our policies and filter all generated images before they are shown to the user. We use external expert red teaming to test for misuse and strengthen our safeguards.”
Meanwhile, a Microsoft spokesperson wrote to Engadget, “We are committed to addressing any and all concerns employees have in accordance with our company policies, and appreciate the employee’s effort in studying and testing our latest technology to further enhance its safety. When it comes to safety bypasses or concerns that could have a potential impact on our services or our partners, we have established robust internal reporting channels to properly investigate and remediate any issues, which we recommended that the employee utilize so we could appropriately validate and test his concerns before escalating it publicly.”
“Since his report concerned an OpenAI product, we encouraged him to report through OpenAI’s standard reporting channels and one of our senior product leaders shared the employee’s feedback with OpenAI, who investigated the matter right away,” wrote the Microsoft spokesperson. “At the same time, our teams investigated and confirmed that the techniques reported did not bypass our safety filters in any of our AI-powered image generation solutions. Employee feedback is a critical part of our culture, and we are connecting with this colleague to address any remaining concerns he may have.”
Microsoft added that its Office of Responsible AI has established an internal reporting tool for employees to report and escalate concerns about AI models.
The whistleblower says the pornographic deepfakes of Taylor Swift that circulated on X last week are one illustration of what similar vulnerabilities could produce if left unchecked. 404 Mediareported Monday that Microsoft Designer, which uses DALL-E 3 as a backend, was part of the deepfakers’ toolset that made the video. The publication claims Microsoft, after being notified, patched that particular loophole.
“Microsoft was aware of these vulnerabilities and the potential for abuse,” Jones concluded. It isn’t clear if the exploits used to make the Swift deepfake were directly related to those Jones reported in December.
Jones urges his representatives in Washington, DC, to take action. He suggests the US government create a system for reporting and tracking specific AI vulnerabilities — while protecting employees like him who speak out. “We need to hold companies accountable for the safety of their products and their responsibility to disclose known risks to the public,” he wrote. “Concerned employees, like myself, should not be intimidated into staying silent.”
Update, January 30, 2024, 8:41 PM ET: This story has been updated to add statements to Engadget from OpenAI and Microsoft.
This article originally appeared on Engadget at https://www.engadget.com/microsofts-legal-department-allegedly-silenced-an-engineer-who-raised-concerns-about-dall-e-3-215953212.html?src=rss
PayPal is laying off nine percent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the end of the week, Bloombergreported earlier. PayPal's layoffs come almost exactly a year after the company fired more than 2,000 workers to keep costs down.
Despite thousands of job cuts in 2023, layoffs at tech companies have continued into 2024. On the same day as PayPal's latest layoffs, Jack Dorsey's Block, the company that owns Cash App, Foundational, and Square, conducted its second round of layoffs in two months, cutting nearly a thousand people. Earlier this month, Google laid off more than a thousand workers in its Assisstant and hardware divisions, with CEO Sundar Pichai warning employees to brace for more cuts through the year. Discord, eBay, Riot Games, TikTok, Microsoft, iRobot, Amazon, Unity, and Duolingo, among others, have collectively cut thousands of jobs in January
PayPal was one of the earliest companies in online payments industry, but in recent years, rivals like Zelle and tech companies with deep pockets like Apple, have entered the space. The competition in the payments industry is putting pressure on PayPal. Bloomberg noted that four analysts have downgraded the company’s stock this month. The company will "continue to invest in areas of the business we believe will create and accelerate growth," Chriss said in the letter.
PayPal's layoffs are happening despite the company's strong growth throughout 2023. The company's revenue as of September 2023 was $7.42 billion, an increase of more than eight percent compared to its revenue a year before. It beat earnings expectations and reported a "double digit growth" in the number of transactions that happened over its platform. The Informationnoted that Chriss, who took over as the company's CEO in September 2023, said in PayPal's last earnings call in November 2023 that its costs were "too high" and were "slowing us down."
This article originally appeared on Engadget at https://www.engadget.com/paypal-is-laying-off-2500-employees-214628203.html?src=rss
With that uniquely gorgeous crack-like pattern on its surface, the knife looks positively electric, with bolts of lightning running down from hilt to blade!
I’ve been in the writing business for 9 years, and what I truly love about it is that you still manage to learn new things every day. I pretty much considered myself well-versed in Damascus Steel, but browsing through my YouTube introduced me to this new, gorgeous variant of the marbled metal. Dubbed Nebula Damascus, this steel doesn’t have the signature waves and bands you’d see in conventional Damascus Steel. Instead, it sports a cracked, cell-like pattern on its surface, looking somewhat like a nebula (hence the name). This form of steel is simply created by forging ball bearings together, causing them to compress and condense into a block. The bearings deform and fill the gaps in between them, creating this unique-looking surface that your eyes can’t get enough of.
The knife in question is a beautiful all-metal piece, forged by YouTuber HANS. The procedure gets documented in the video above, and although it looks deceptively simple, there’s a lot (of effort and expertise) that goes behind making any form of Damascus Steel, as most experts will tell you. In fact, it took HANS 7 failed tries before he arrived at this gorgeous piece of art.
The Nebula Damascus Skeleton Knife is an all-metal EDC with a fixed-blade design. The highlight of the knife is the material itself, but it gets complimented by a skeletal design which also involves a few strategic cutouts in the blade to help reduce weight while also giving your finger a place to rest/fidget while using the knife. The knife’s dagger-point blade has sharp edges on either side, which culminate in a pointy tip that you can use in a variety of ways. This also gives the Nebula Damascus Skeleton Knife an ambidextrous design, which most people will appreciate.
HANS creates a billet of steel by pouring ball-bearings into a metal pipe and sealing both ends. The pipe then gets hammered, heated, and hammered again into a workable billet of metal, which HANS then cuts his knife shape into. It’s a laborious process that requires a lot of forging/hammering (you need to ensure there are ZERO air gaps between the bearings), but the end result is quite unlike anything you’ll have ever seen.
Once the knife’s shape is formed, it gets a meticulous amount of sanding/polishing to ensure the surface is as perfect as possible. The sanding/polishing is then followed by the final step, immersing the knife in an acid bath to reveal the edges between all the ball-bearings. Notably, most forgers fill the air gaps between the ball bearings with powdered metal, but HANS chose to skip this step. The result is a wonderful faux cracked surface that gives the knife an otherworldly charm. You can follow the rest of HANS’ endeavors on his Instagram page.
The CEOs of five social media companies are headed to Washington to testify in a Senate Judiciary Committee hearing about child safety. The hearing will feature Meta CEO Mark Zuckerberg, Snap CEO Evan Spiegel, TikTok CEO Shou Chew, Discord CEO Jason Citron and X CEO Linda Yaccarino.
The group will face off with lawmakers over their record on child exploitation and their efforts to protect teens using their services. The hearing will be live streamed beginning at 10 AM ET on Wednesday, January 31.
Though there have been previous hearings dedicated to teen safety, Wednesday’s event will be the first time Congress has heard directly from Spiegel, Yaccarino and Citron. It’s also only the second appearance for TikTok’s Chew, who was grilled by lawmakers about the app’s safety record and ties to China last year.
Zuckerberg, of course, is well-practiced at these hearings by now. But he will likely face particular pressure from lawmakers following a number of allegations about Meta’s safety practices that have come out in recent months as the result of a lawsuit from 41 state attorneys general. Court documents from the suit allege that Meta turned a blind eye to children under 13 using its service, did little to stop adults from sexually harassing teens on Facebook and that Zuckerberg personally intervened to stop an effort to ban plastic surgery filters on Instagram.
As with previous hearings with tech CEOs, it’s unclear what meaningful policy changes might come from their testimony. Lawmakers have proposed a number of bills dealing with online safety and child exploitation, though none have been passed into law. However, there is growing bipartisan support for measures that would shield teens from algorithms and data gathering and implement parental consent requirements.
This article originally appeared on Engadget at https://www.engadget.com/how-to-watch-the-ceos-of-meta-tiktok-discord-snap-and-x-testify-about-child-safety-214210385.html?src=rss