The unprecedented payday will go into full effect by 2035--as long as Tesla hits ambitious financial and production targets. On Thursday, Tesla shareholders approved an unprecedented $1 trillion pay package for CEO Elon Musk . The full compensation plan will go into effect by 2035--assuming the company successfully hits ambitious financial and production targets. If that happens, Musk will also get control of some 25 percent of the business, up from the 12 percent he controls currently. More than 75 percent of Tesla shareholders approved the move in a preliminary vote.

The governing board for the electric carmaker Tesla has put forward a pay package for CEO Elon Musk that could make him the world's first trillionaire -- but only if he meets a series of high-performance standards over the next 10 years. The proposal became public on Friday, as part of the company's regulatory filings. Musk is already considered one of the world's wealthiest businessmen, and one of his eye-popping pay packages from 2018 continues to be the subject of a legal battle. But if approved, the latest proposal would likely be the largest corporate pay package in United States history. Tesla shareholders will vote on the compensation scheme on November 6.

Palantir co-founder Joe Lonsdale reacts on'The Will Cain Show' to President Trump's executive orders tackling AI infrastructure and DEI in the workforce. The ongoing battle against the "woke mind virus" is not yet "won" despite a flurry of executive orders from President Donald Trump and Big Tech's shift towards the new commander-in-chief, according to a prominent software company investor. During a Wednesday appearance on "The Will Cain Show," Joe Lonsdale, who co-founded companies like Palantir and OpenGov, said Trump's move to accelerate the development of artificial intelligence is a "key to unlocking productivity growth" in the United States. Trump unveiled a massive AI infrastructure project on the first full day of his second term. The joint venture between Softbank, OpenAI and Oracle will act as a substantial investment from the private sector in building data centers to power AI in the U.S. RACHEL MADDOW SLAMS PRESENCE OF TECH CEOS AT TRUMP'S INAUGURATION: 'HOW IS THIS HAPPENING IN AMERICA?' Palantir co-founder Joe Lonsdale told "The Will Cain" show that the fight against the "woke mind virus" is still ongoing despite President Donald Trump's efforts.

Tesla's market value breached the 1tn mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker's shares rose more than 6% to a more than two-year high of 315.56, after having gained 19.3% up to Thursday's close. The company crossed the 1tn valuation for the first time in more than two years. The billionaire could push for favorable regulation of autonomous vehicles that Tesla plans and also get the US National Highway Traffic Safety Administration to hold off on potential enforcement actions involving the safety of Tesla's current driver-assistance systems, a source had told Reuters. Musk has focused on self-driving vehicle technology, ditching plans to build an economy car priced at under 30,000.

Republican Rep. Lance Gooden is concerned that AI could eventually replace human decision-making in government and other critical areas of society. The Biden administration is pursuing regulations for artificial intelligence systems that would require government audits to ensure they produce trustworthy outputs, which could include assessments of whether AI is promoting "misinformation" and "disinformation." Alan Davidson, assistant secretary of communications and information at the Commerce Department's National Telecommunications and Information Administration (NTIA), said in a speech at the University of Pittsburgh this week that government audits of AI systems are one way to build trust in this emerging technology. "Much as financial audits create trust in the accuracy of financial statements, accountability mechanisms for AI can help assure that an AI system is trustworthy," he said in his prepared remarks. "Policy was necessary to make that happen in the finance sector, and it may be necessary for AI." President Biden's administration is considering regulations that would require audits of AI systems to make sure they output they deliver contains no "misinformation" or "disinformation."

Fox News correspondent Matt Finn has the latest on the impact of AI technology that some say could outpace humans on'Special Report.' An artificial intelligence expert with more than two decades of experience studying AI safety said an open letter calling for six-month moratorium on developing powerful AI systems does not go far enough. Eliezer Yudkowsky, a decision theorist at the Machine Intelligence Research Institute, wrote in a recent op-ed that the six-month "pause" on developing "AI systems more powerful than GPT-4" called for by Tesla CEO Elon Musk and hundreds of other innovators and experts understates the "seriousness of the situation." He would go further, implementing a moratorium on new large AI learning models that is "indefinite and worldwide." The letter, issued by the Future of Life Institute and signed by more than 1,000 people, including Musk and Apple co-founder Steve Wozniak, argued that safety protocols need to be developed by independent overseers to guide the future of AI systems.

Fox News correspondent Matt Finn has the latest on the impact of AI technology that some say could outpace humans on'Special Report.' Lawmakers in the highly-polarized 118th Congress appear to be finding some common ground with regard to artificial intelligence (AI). Several have indicated they would like to see some kind of regulation to rein in the fast-moving sector on the heels of a stunning warning from tech industry leaders. "I think what you have to do is, to identify what is not allowed in terms of ethics and illegal activities, whether it is AI or not – you impose on AI activities the same level of ethics and privacy that you do for other competencies today," Sen. Mike Rounds, a leader of the Senate AI Caucus, told Fox News Digital. Homeland Security and Government Affairs Committee Chair Gary Peters, D-Mich., pointed out to Fox News Digital that his committee had recently held a hearing on the "pros and cons" of AI technology.

It's been six years since Tesla, SpaceX (and now Twitter) CEO Elon Musk co-founded brain-control interfaces (BCI) startup, Neuralink. It's been three years since the company first demonstrated its "sewing machine-like" implantation robot, two years since the company stuck its technology into the heads of pigs -- and just over 19 months since they did the same to primates, an effort that allegedly killed 15 out of 23 test subjects. After a month-long delay in October, Neuralink held its third "show and tell" event on Wednesday where CEO Elon Musk announced, "we think probably in about six months, we should be able to have a Neuralink installed in a human." Neuralink has seen tumultuous times in the previous April 2021 status update: The company's co-founder, Max Hodak, quietly quit just after that event, though he said was still a "huge cheerleader" for Neuralink's success. That show of confidence was subsequently shattered this past August after Musk reportedly approached Neuralink's main rival, Synchron, as an investment opportunity.

Tesla's artificial intelligence team took to the stage on Friday evening for the company's second annual AI Day to demonstrate how far their autonomous robot and vehicle research has come. Tesla AI Day 2022 gave us our first look at the Optimus robot strolling around the stage, updates on self-driving software and a first look at the Dojo hardware powering Tesla's AI research. Originally planned for June, Tesla CEO Elon Musk delayed the showcase until September to get the Optimus prototype working. "This event is meant for recruiting AI & robotics engineers, so will be highly technical," Musk tweeted Thursday. Mirroring Musk's stance that the Tesla Bot will be "friendly," Tesla tweeted an animation of robot hands forming a human heart symbol.

It seems like just yesterday that Elon Musk ushered a gig worker in a spandex suit onto the Tesla AI Day 2021 stage and told us it was an robot -- or at least probably would be one eventually. In the intervening 13 months, the company has apparently been hard at work, replacing the squishy bits from what crowd saw on stage with proper electronics and mechanizations. At this year's AI Day on Friday, Tesla unveiled the next iteration of its Optimus robotics platform and, well, at least there isn't still a person on the inside? Tesla CEO Elon Musk debuted the "first" Optimus (again, skinny guy in a leotard, not an actual machine) in August of last year and, true to his nature, and proceeded to set out a series of increasingly incredible claims about the platform's future capabilities -- just like how the Cybertruck will have unbreakable windows. As Musk explained at the time, the Optimus will operate an AI similar to the company's Autopilot system (the one that keeps chasing stationary ambulances) and be capable of working safely around humans without extensive prior training.