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.

Samsung has agreed a 16.5bn ( 12.3bn) deal to manufacture artificial intelligence chips for Tesla, in a move hailed by Elon Musk on Monday. The South Korean tech company announced the contract with an unnamed client in a regulatory filing, with Tesla's chief executive giving further details on his social media platform, X. Musk wrote that Samsung would produce Tesla's next-generation A16 chips at a new plant in Texas. "The strategic importance of this is hard to overstate," he wrote. In December, the Biden administration announced 4.75bn in funding for Samsung's semiconductor manufacturing facilities in Texas under the Chips Act, legislation aimed at making the US more self-sufficient in chip manufacturing. At the time, the then US commerce secretary, Gina Raimondo, said the funding would ensure the country had a "steady stream" of chips essential to AI and national security. In a post on X on Monday, Musk said Samsung had agree to allow Tesla to "assist in maximising manufacturing efficiency" and he would "walk the [manufacturing] line personally to accelerate the pace of progress".

Apple Inc.'s talks with Hyundai Motor Group have broken down without an agreement for the South Korean auto giant to assemble vehicles for the iPhone company, Hyundai affiliates said Monday. In regulatory filings, Hyundai Motor Co. and Kia Corp. said they are "not in talks with Apple over developing an autonomous vehicle." The two auto makers have fielded multiple requests from other firms to jointly develop autonomous electric vehicles, though no initial steps have been determined, according to the regulatory filings. The companies had held talks with the Cupertino, Calif., technology giant about a deal for Hyundai subsidiary Kia to build vehicles for Apple in Georgia, The Wall Street Journal reported last week. The prospect of an auto partnership had sent the Korean companies' stocks soaring this year, igniting investor enthusiasm after both Kia and Hyundai had suffered years of slumping car sales.

Google appeared to discontinue the original Home speaker when it recently marked the product as "no longer available" in its store. That move suggested a replacement smart speaker is on the way, and now we've gotten what's likely our first proper look at it. Recently certified by the FCC, here is our first look at GXCA6, the new @Google Nest Speaker, replacing the original Google Home. The Federal Communications Commission just certified some type of "wireless device" from the company, though many of the details about the gadget remained confidential. Reports have suggested that Google was working on a Nest-branded speaker to replace the Home and this filing fits the bill.

March 28, 2017 --The race to develop electric autonomous cars might have just become more interesting: Chinese internet giant Tencent has acquired a 5 percent stake in Tesla, becoming the fifth largest shareholder of the US electric car maker. The Shenzhen-based company, known for messaging app WeChat, paid $1.78 billion for 8.2 million shares through a recent stock offering and open-market purchases, according to a regulatory filing to the Securities and Exchange Commission on Tuesday. The investment – the largest by a Chinese company in the market of self-driving vehicles and related services – provides Elon Musk's Tesla with an additional boost as it prepares to launch its mass-market Model 3 electric sedan this year. "Tesla is a global pioneer at the forefront of new technologies," a Tencent spokesperson said Tuesday, MarketWatch reported. "Tencent's success is partly due to our record of backing entrepreneurs with capital; Elon Musk is the archetype for entrepreneurship, combining vision, ambition, and execution."