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Big Technology Podcast
Gurman on Apple, OpenAI’s Deal Terms, Forbes vs. Perplexity
Jun 14, 2024
Mark Gurman, Chief Correspondent at Bloomberg, discusses Apple's no-money deal with OpenAI, stock market reaction to WWDC, and Apple's Robotics future. Topics also include OpenAI's strength, Microsoft and Forbes position, IP fights, and Elon's pay package.
01:04:27
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Quick takeaways
- Apple made a no-money deal with OpenAI, reflecting strategic partnerships in tech industry.
- Elon Musk's $56 billion pay package faced legal challenges and shareholder approval, impacting Tesla's future.
Deep dives
Overview of Elon Musk's Pay Package
Elon Musk's controversial $56 billion pay package, one of the largest corporate deals in history, was recently reinstated after legal challenges. The package gives him options to buy 304 million Tesla shares, amounting to 12% of outstanding shares, sparking shareholder debate. Musk had publicly stated negotiating with himself in deposition, leading to legal scrutiny. The package, meeting profitability targets, remains highly dilutive for Tesla shareholders.
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