Tesla shareholders vote yes again to approve Elon Musk’s $56B pay plan 

June 13, 2024

Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. Shareholders also approved the company’s decision to re-incorporate of Tesla in Texas, moving it away from the state where Musk’s pay package was struck down: Delaware.  Shareholders present at the company’s annual meeting Thursday, held at Tesla’s […]

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What StepStone’s $3.3B venture secondaries fund tells us about LPs’ current appetite for venture

June 13, 2024

StepStone raised the largest fund dedicated to investing in venture secondaries ever, the firm announced last week. This fundraise doesn’t just say a lot about StepStone’s venture secondaries investing prowess, but also about how LPs are thinking about the current venture market. The fund, StepStone VC Secondaries Fund VI, raised $3.3 billion. This marks a […]

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Spotify announces an in-house creative agency, tests generative AI voiceover ads

June 13, 2024

Spotify announced on Thursday that it’s venturing further into the ad space with its first in-house creative agency called Creative Lab, helping brands create custom marketing campaigns. It will also begin testing generative AI ads, the company said. The launch of Creative Lab shows that Spotify is ramping up its efforts to attract advertisers to […]

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Tesla shareholders sue Musk for starting competing AI company

June 13, 2024

Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup.  The lawsuit is one of the most direct challenges to Musk’s decision to start […]

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