June 12, 2024, 4:00 AM

Top News

Hayden Field / CNBC:
Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California court in February, for breach of contract and fiduciary duty  —  Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court.
Verne Kopytoff / Fortune:
In an interview, OpenAI CTO Mira Murati responded to Elon Musk's denouncement of Apple's OpenAI deal, saying OpenAI cares deeply about user privacy and security  —  A top OpenAI executive defended her company against Elon Musk, a day after the billionaire CEO described the integration …
Wall Street Journal:
Sources and documents detail how Elon Musk blurred boundaries with female employees at SpaceX, including having sex with an employee and a former intern  —  The billionaire founder had sex with an employee and a former intern, and asked a woman at his company to have his babies
Ryan Vlastelica / Bloomberg:
Apple shares closed up 7.3% at $207.15 in their biggest one-day jump since November 2022, giving the company a $3.18T market cap, just under Microsoft's $3.22T  —  - The return to all-time high comes after Monday conference  — Shares have underperformed most other big tech names this year
Zachery Eanes / Axios:
Raleigh, NC-based Relay, which makes walkie-talkies that can provide real-time location data, do live translation, and more, raised a $35M Series B led by G2  —  - The tool has proven useful in fields like hospitality, with hotel workers using them between floors, as well as in health care, education and manufacturing, Chuang said.
Max A. Cherney / Reuters:
Sources: MediaTek is designing an Arm-based chip for Windows laptops, slated to launch late in 2025 after Qualcomm's exclusive deal expires  —  Taiwanese chip design giant MediaTek (2454.TW) is developing an Arm-based personal computer chip that will run Microsoft's (MSFT.O) Windows operating system …
The Information:
Sources: US-based AI startups Opus Clip and HeyGen, founded by China-born entrepreneurs, are scrambling to sever China ties by relocating China-based engineers  —  Among the hundreds of American artificial intelligence startups launched in the last few years, those founded …
Hayden Field / CNBC:
Current and former OpenAI staff are increasingly worried about the company's power over their equity, with no IPO in sight, restrictive company policies, more  —  OpenAI plans to allow stakeholders to sell a portion of their shares every year, but the company, which has been valued at over $80 billion …
Forums: r/OpenAI
Mark Gurman / Bloomberg:
Apple's AI features are quintessentially Apple and probably take the right approach, but many won't launch until 2025; the iOS 18 beta is missing the new Siri  —  Apple finally unveiled its AI effort this week, alongside minor upgrades to its operating systems.
Kyle Orland / Ars Technica:

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