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Elon Musk’s massive 2018 Tesla pay package restored by Delaware court

Decision from state supreme court on deal once worth $56bn and now worth some $139bn overturns ruling that prompted angry Musk backlashElon Musk’s controversial $56bn pay package from Tesla was reinstated by the Delaware supreme court on Friday, two years after a lower court struck down the vast compensation deal as “unfathomable”.The reinstated pay package

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Sony collars Snoopy in £340m deal to take control of Peanuts franchise

Japanese conglomerate raises to 80% its stake in firm that owns the intellectual property created by Charles SchulzBusiness live – latest updatesSony has taken control of Charles Schulz’s Peanuts franchise including Snoopy and Charlie Brown in a deal worth C$630m (£340m).The Japanese conglomerate has bought 41% of Peanuts Holdings, which owns the intellectual property Schulz

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Proposal to allow use of Australian copyrighted material to train AI abandoned after backlash

Productivity Commission recommends waiting three years to establish review into technology after furious response from creative industriesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Productivity Commission has abandoned a proposal to allow tech companies to mine copyrighted material to train artificial intelligence models, after

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Trump Media announces $6bn merger plan with fusion power company

TMTG, which owns president’s Truth Social platform, unveils link-up TAE Technologies to respond to AI boomDonald Trump’s loss-making social media business has announced plans to merge with a fusion power company.Trump Media and Technology Group, owner of the US president’s minnow Truth Social platform, unveiled an extraordinary merger worth more than $6bn with TAE Technologies,

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‘Uniquely evil’: Michigan residents fight against huge datacenter backed by top tycoons

Locals band together in David v Goliath battle against facility they say would jack up bills, increase pollution and destroy area’s characterA who’s who of the nation’s most powerful politicians and tech tycoons are forcing through a proposal for a huge datacenter in rural Michigan as locals from across the political spectrum have come out

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Amazon in talks to invest $10bn in developer of ChatGPT

OpenAI seeking to strike latest deal in its efforts to pay for huge spending on datacentresBusiness live – latest updatesAmazon is in talks to invest more than $10bn (£7.5bn) in OpenAI, in the latest funding deal being struck by the startup behind ChatGPT.If it goes ahead, the market valuation of OpenAI could rise above $500bn,

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