Self-driving cars include vehicles equipped with advanced sensors, cameras, and AI algorithms, that can navigate, make decisions, and drive without human intervention. Ranging from partial to full automation, these vehicles aim to revolutionize transportation by improving safety, reducing traffic congestion, and providing mobility solutions for those unable to drive. Self-driving cars have the potential to improve safety and efficiency as automated vehicles may significantly reduce road accidents caused by human error. The potential market of autonomous vehicles is projected to grow exponentially in the coming decades and disrupt the automotive and transportation industries.
Elon Musk's "demand for salary" fails again! US judge rules Tesla's $56 billion compensation package invalid.
1. A judge in Delaware, usa upheld the original ruling that Tesla's promise of a $56 billion compensation package to Musk in 2018 is invalid; 2. Tesla shareholders previously voted to approve this compensation agreement, but the judge stated that the board of directors does not have the authority to restore Musk's compensation through a re-vote; 3. The judge also ordered Tesla to pay $0.345 billion in legal fees as compensation for the lawyers who won the case against Musk's invalid compensation package.
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In half a month, SpaceX's valuation soared by $100 billion.
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AI transformation difficulties, performance losses, market cap shrinking by nearly half, intel CEO "forced" to retire, stock price surged by nearly 6% at one point.
Pat Gelsinger, the CEO who worked at intel for over 40 years, officially retired on December 1st, Eastern Time. During his nearly four-year tenure, despite intel's ambitious plans, the market position continued to decline. The board of directors lost confidence in his ability to turn the situation around and ultimately gave him the choice of retiring or being dismissed, with Gelsinger opting to end his career at intel. Following the announcement, intel's stock price surged more than 5.7% during trading on Monday.