The plan would be voided if the Delaware Supreme Court overturns the decision to spike Musk’s $56B comp plan from 2018. A judge ruled in 2024 that plan was unfairly negotiated.
Category: Tech Crunch
Apple might be building its own AI ‘answer engine’
Apple is reportedly working to create a lightweight competitor to ChatGPT.
Mastercard denies pressuring game platforms, Valve tells a different story
Mastercard seemingly denied playing a role in a recent marketplace crackdown on games with adult content, while Valve says the pressure was indirect.
SAP is acquiring SmartRecruiters
SAP has reached an agreement to acquire SmartRecruiters, with SmartRecruiters’ software complementing SAP’s existing HR tools.
Joby Aviation to buy Blade Air Mobility’s ride-share business
Joby is buying the Blade brand and the company’s passenger business, which includes operations in the United States and Europe, for as much as $125 million.
Tim Cook reportedly tells employees Apple ‘must’ win in AI
Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI: “Apple must do this. Apple will do this.”
Lina Khan points to Figma IPO as vindication of M&A scrutiny
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of “letting startups grow into independently successful businesses.”
Anthropic cuts off OpenAI’s access to its Claude models
Anthropic has cut off one of its biggest competitors, revoking OpenAI’s access to its Claude family of AI models.
What founders should think about if looking to raise a Series C
And it starts with a reality check, according to Sapphire Ventures partner Cathy Gao.
Venture firm CRV raises $750M, downsizing after returning capital to investors
The 55-year-old VC firm announced its twentieth fund.