{"id":106437,"date":"2024-06-21T19:05:00","date_gmt":"2024-06-21T19:05:00","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/06\/21\/tesla-makes-musk-best-paid-ceo-of-all-time-and-fisker-bites-the-dust-techcrunch\/"},"modified":"2024-06-21T19:05:00","modified_gmt":"2024-06-21T19:05:00","slug":"tesla-makes-musk-best-paid-ceo-of-all-time-and-fisker-bites-the-dust-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/06\/21\/tesla-makes-musk-best-paid-ceo-of-all-time-and-fisker-bites-the-dust-techcrunch\/","title":{"rendered":"Tesla makes Musk best-paid CEO of all time and Fisker bites the dust | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\"><i><span style=\"font-weight: 400;\">Welcome to Startups Weekly \u2014 <a href=\"https:\/\/x.com\/haje\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Haje<\/a>\u2018s weekly recap of everything you can\u2019t miss from the world of startups. Sign up <\/span><\/i><a href=\"https:\/\/techcrunch.com\/newsletters\/\" target=\"_blank\" rel=\"noreferrer noopener\"><i><span style=\"font-weight: 400;\">here<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> to get it in your inbox every Friday.<\/span><\/i><\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/techcrunch.com\/tag\/elon-musk\/\" target=\"_blank\" rel=\"noopener\">Elon Musk<\/a> just convinced <a href=\"https:\/\/techcrunch.com\/tag\/tesla\/\" target=\"_blank\" rel=\"noopener\">Tesla<\/a> shareholders to approve his $56 billion pay package, <a href=\"https:\/\/techcrunch.com\/2024\/06\/13\/tesla-approve-elon-musk-compensation-texas\/\" target=\"_blank\" rel=\"noopener\">making him the highest-paid CEO in history<\/a> \u2014 assuming he can dodge a Delaware judge\u2019s disapproval. And where better to stage this circus than Texas, home of big everything, including egos? Shareholders erupted in applause at Tesla\u2019s Texas gigafactory when the vote results were announced. Meanwhile, Musk juggles more companies than a clown with chainsaws and faces two new lawsuits (being sued just once per week is for wimps). Oh, and forget about any fancy ESG initiatives; those got shot down faster than you can say \u201ccorporate responsibility.\u201d Who needs sustainability when you\u2019ve got Elon dancing onstage with <a href=\"https:\/\/techcrunch.com\/2022\/10\/27\/elon-musk-bought-twitter\/\" target=\"_blank\" rel=\"noopener\">0.7 Twitter\u2019s worth of cash<\/a> in a suitcase?<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-most-interesting-startup-stories-from-the-week\">Most interesting startup stories from the week<\/h2>\n<p class=\"wp-block-paragraph\">It seems <a href=\"https:\/\/techcrunch.com\/tag\/henrik-fisker\/\" target=\"_blank\" rel=\"noopener\">Henrik Fisker\u2019s<\/a> knack for designing cars is only matched by his talent for driving companies into bankruptcy. Despite aiming to be the Apple of <a href=\"https:\/\/techcrunch.com\/tag\/evs\/\" target=\"_blank\" rel=\"noopener\">EVs<\/a> (with Magna playing Foxconn), the much-touted Ocean SUV sank faster than the Titanic with software glitches, recalls, and lemon lawsuits galore. Now filing for Chapter 11 in Delaware, Fisker has gone from dreams of revolutionizing the auto industry to just trying not to get stuck with a $500 million bill. This marks Fisker\u2019s <a href=\"https:\/\/techcrunch.com\/2024\/06\/18\/ev-startup-fisker-files-for-bankruptcy\/\" target=\"_blank\" rel=\"noopener\">second go of bankrupting an eponymous company<\/a>. Can he make it to three? Stay tuned.<\/p>\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><strong>Yeah, saw that one coming<\/strong>: Ever feel like your subscription services are plotting against you? Well, <a href=\"https:\/\/techcrunch.com\/2024\/06\/17\/us-sues-adobe-for-hiding-termination-fees-and-making-it-difficult-to-cancel-subscriptions\/\" target=\"_blank\" rel=\"noopener\">Adobe just got called out by the DOJ<\/a> for allegedly making it easier to escape from Alcatraz than cancel one of their subscriptions.<\/li>\n<li class=\"wp-block-list-item\"><strong>You <em>will<\/em> watch our ads<\/strong>: YouTube is at it again, folks. This time they\u2019re pushing their anti-ad blocker crusade to new heights with <a href=\"https:\/\/techcrunch.com\/2024\/06\/16\/youtube-is-testing-another-way-to-combat-ad-blockers\/\" target=\"_blank\" rel=\"noopener\">server-side ad injections<\/a>, making sure those pesky ads greet you before the video even lands on your device. Oh, and <a href=\"https:\/\/techcrunch.com\/video\/techcrunch-minute-youtube-is-serious-about-blocking-ad-blockers\/\" target=\"_blank\" rel=\"noopener\">I summarized this story<\/a> in the TechCrunch Minute series, if you\u2019re more of a watcher than a reader.<\/li>\n<li class=\"wp-block-list-item\"><strong>Goin\u2019 round in circles<\/strong>: Looks like Loop, the insurance startup with a noble mission to overthrow biased pricing models, has hit a massive fundraising wall. After 20 months of trying (and failing) to reel in some cash, co-founder John Henry had the unenviable task of <a href=\"https:\/\/techcrunch.com\/2024\/06\/17\/insurance-startup-loop-cuts-staff-fundraising-struggles\/\" target=\"_blank\" rel=\"noopener\">announcing layoffs via Instagram<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-block-image aligncenter size-large\"><figcaption class=\"wp-element-caption\">Adobe: Makes pretty AI things but makes it nigh impossible to unsubscribe from its services. <\/figcaption><figcaption class=\"wp-element-caption\"><strong>Image Credits:<\/strong> Adobe<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\" id=\"h-trend-of-the-week-all-eyes-on-ai\">Trend of the week: All eyes on AI<\/h2>\n<p class=\"wp-block-paragraph\">Apple has finally thrown its hat into the AI icon circus, joining the likes of Google and OpenAI in a desperate bid to depict AI with a logo that makes any sense at all. Spoiler alert: <a href=\"https:\/\/techcrunch.com\/2024\/06\/15\/apple-joins-the-race-to-find-an-ai-icon-that-makes-sense\/\" target=\"_blank\" rel=\"noopener\">They\u2019re as clueless as everyone else<\/a>. Apple\u2019s new visual for \u201cIntelligence\u201d is essentially a psychedelic circle \u2014 wait, no \u2014 a lopsided infinity symbol? Actually, it\u2019s New Siri. Or maybe it\u2019s when your phone edges glow like an alien spaceship landing. The real takeaway here? No one knows what AI should look like, but let\u2019s slap on some friendly pastel colors and call it innovation.<\/p>\n<p class=\"wp-block-paragraph\">Meanwhile, Ilya Sutskever, the AI brainiac <a href=\"https:\/\/techcrunch.com\/2024\/05\/14\/ilya-sutskever-openai-co-founder-and-longtime-chief-scientist-departs\/\" target=\"_blank\" rel=\"noopener\">who last month decided OpenAI wasn\u2019t exciting enough anymore<\/a>, has <a href=\"https:\/\/techcrunch.com\/2024\/06\/19\/ilya-sutskever-openais-former-chief-scientist-launches-new-ai-company\/\" target=\"_blank\" rel=\"noopener\">started his own shindig called Safe Superintelligence Inc.<\/a> (SSI) with a couple of other ex-OpenAI pals. After a dramatic exit from OpenAI (presumably over how to avoid Skynet taking over), Sutskever is doubling down on making sure super-smart AI doesn\u2019t become our overlord anytime soon. SSI\u2019s mission? To balance mind-blowing AI advancements with safety measures so we don\u2019t end up starring in our very own \u201cBlack Mirror\u201d episode.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?w=680\" alt=\"Siri's AI updates being revealed during WWDC 2024\" class=\"wp-image-2792810\" srcset=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg 1920w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?resize=150,84 150w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?resize=300,169 300w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?resize=768,432 768w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?resize=680,383 680w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?resize=1200,675 1200w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/WWDC-2024-Apple-Siri-AI-Update2.jpg?resize=1536,864 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\"\/><figcaption class=\"wp-element-caption\">Sure, that seems AI-y, doesn\u2019t it? <\/figcaption><figcaption class=\"wp-element-caption\"><strong>Image Credits:<\/strong> Apple<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\" id=\"h-most-interesting-fundraises-this-week\">Most interesting fundraises this week<\/h2>\n<p class=\"wp-block-paragraph\">Meet the dynamic duo who seem to have skipped their quarter-life crisis and went straight to swimming in cash. Edward Tian and Alex Cui, founders of GPTZero, are living proof that high school friendships can lead to multimillion-dollar ventures. In just a year and a half, they\u2019ve turned their AI detection startup into a moneymaking machine that\u2019s outpacing your favorite viral app. <a href=\"https:\/\/techcrunch.com\/2024\/06\/13\/gptzero-profitable-ai-detection-startup-10m-series-a\/\" target=\"_blank\" rel=\"noopener\">With $10 million freshly bagged from eager VCs<\/a> who couldn\u2019t wait for an official raise, these guys are on track to create an internet where we can still tell if your essay was written by you or ChatGPT\u2019s stoned-beyond-words cousin named Cheech.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1872\" height=\"1248\" src=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?w=680\" alt=\"Tender Food, plant-based meat, alternative protein\" class=\"wp-image-2795866\" srcset=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg 1872w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?resize=150,100 150w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?resize=300,200 300w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?resize=768,512 768w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?resize=680,453 680w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?resize=1200,800 1200w, https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/Tender_Food_Plant-Based_Shredded_Pork_Skillet.jpg?resize=1536,1024 1536w\" sizes=\"auto, (max-width: 1872px) 100vw, 1872px\"\/><figcaption class=\"wp-element-caption\">Tender Food\u2019s plant-based shredded \u201cpork\u201d product.<\/figcaption><figcaption class=\"wp-element-caption\"><strong>Image Credits:<\/strong> Tender Food<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\" id=\"h-other-unmissable-techcrunch-stories-nbsp\">Other unmissable TechCrunch stories\u00a0\u2026<\/h2>\n<p class=\"wp-block-paragraph\">Every week, there\u2019s always a few stories I want to share with you that somehow don\u2019t fit into the categories above. It\u2019d be a shame if you missed \u2019em, so here\u2019s a random grab bag of goodies for ya:<\/p>\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><strong>So what happened with Fisker?<\/strong>: Once again, Fisker proves it\u2019s the little engine that couldn\u2019t. Despite outsourcing their manufacturing to automotive giant Magna and aiming for a rapid launch, the EV startup ignored one glaring issue: <a href=\"https:\/\/techcrunch.com\/2024\/06\/18\/fisker-bankruptcy-failure-problems\/\" target=\"_blank\" rel=\"noopener\">It wasn\u2019t ready to be an actual car company<\/a>.<\/li>\n<li class=\"wp-block-list-item\"><strong>Tough times to be an Apple developer<\/strong>: Get ready to <a href=\"https:\/\/techcrunch.com\/2024\/06\/18\/ios-18-could-sherlock-400m-in-app-revenue\/\" target=\"_blank\" rel=\"noopener\">pour one out for your favorite third-party apps<\/a> because iOS 18 is on the way, and it\u2019s bringing its wrecking ball. Apple\u2019s notorious habit of \u201csherlocking\u201d \u2014 aka swiping ideas from third-party developers and baking them into its OS \u2014 could hit nearly $400 million in app revenue.<\/li>\n<li class=\"wp-block-list-item\"><strong>Vita-minus<\/strong>: Well, it looks like personalized vitamin subscription company Care\/of is officially calling it quits. The company announced all subscriptions will end by June 17. Despite being propped up with $46 million from investors and a hefty Bayer buy-in valued at $225 million back in 2020, <a href=\"https:\/\/techcrunch.com\/2024\/06\/15\/subscription-vitamin-company-care-of-is-shutting-down\/\" target=\"_blank\" rel=\"noopener\">it just couldn\u2019t keep the lights on<\/a>.<\/li>\n<li class=\"wp-block-list-item\"><strong>That\u2019s not how privacy works<\/strong>: In a dazzling display of cybersecurity cluelessness, the EU lawmakers are once again trying to pull off the legislative equivalent of juggling saber-tooth tigers while blindfolded. Meredith Whittaker, president of Signal and bearer of common sense, <a href=\"https:\/\/techcrunch.com\/2024\/06\/17\/stop-playing-games-with-online-security-signal-president-warns-eu-lawmakers\/\" target=\"_blank\" rel=\"noopener\">slammed the EU\u2019s latest plan<\/a> to scan private messages for CSAM as a surefire way to throw web security under the bus.<\/li>\n<\/ul>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2024\/06\/21\/tesla-makes-musk-best-paid-ceo-of-all-time-and-fisker-bites-the-dust\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to Startups Weekly \u2014 Haje\u2018s weekly recap of everything you can\u2019t miss from the world of startups. Sign up here to get it in your inbox every Friday. Elon Musk just convinced Tesla shareholders to approve his $56 billion pay package, making him the highest-paid CEO in history \u2014 assuming he can dodge a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":106438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-106437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/106437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=106437"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/106437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/106438"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=106437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=106437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=106437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}