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Musk increasing Tesla pay to stop OpenAI from poaching

Business Standard

|

April 05, 2024

Elon Musk (pictured) acknowledged Tesla Inc.is having to make special efforts to retain artificial intelligence specialists, some of whom have left the carmaker in the past year to join his AI venture.

Musk increasing Tesla pay to stop OpenAI from poaching

Tesla is increasing compensation for its AI engineering team, contingent on performance milestones, Musk wrote on X, his social media network. In responding to a report by The Information on how his startup XAI has poached four engineers from Tesla, the chief executive officer blamed "the craziest talent war I've ever seen!" An exodus of personnel from Musk's mos

MEER VERHALEN VAN Business Standard

Business Standard

Sebi extends feedback date for MF regulations overhaul

The Securities and Exchange Board of India (Sebi) has extended the deadline for public comments on its consultation paper proposing a comprehensive overhaul of the Sebi (Mutual Funds) Regulations, 1996.

time to read

1 min

November 20, 2025

Business Standard

Indiabulls probe: SC slams Sebi, CBI, MCA for 'passive approach'

Formerly IHFL, Sammaan Cap shares fall 13%

time to read

4 mins

November 20, 2025

Business Standard

Business Standard

UP eyes ₹63K crore excise haul in FY26

Uttar Pradesh’s (UP’s) revenue from excise has risen to nearly 4x what it was eight and a half years ago under the Yogi Adityanath government — from a little over ₹14,000 crore in 2016-17 to ₹52,573 crore in 2024-25 — and is on track to reach almost ₹63,000 crore by the end of the current financial year (2025-26), Minister of State (Independent Charge) for Excise and Prohibition Nitin Agarwal said on Wednesday.

time to read

2 mins

November 20, 2025

Business Standard

Adani group wins lenders' vote to take over Jaypee

Adani group has won majority lenders' vote for take over of debt-laden Jaiprakash Associates (Jaypee) as its 14,535 crore acquisition proposal included a higher upfront payment than rival bidders, sources said.

time to read

1 min

November 20, 2025

Business Standard

US Congress approves release of Epstein files, put matter before prez

The Republican-controlled US Congress voted almost unanimously on Tuesday to force the release of Justice Department files on the late convicted sex offender Jeffrey Epstein, an outcome President Donald Trump had fought for months before ending his opposition.

time to read

1 min

November 20, 2025

Business Standard

Business Standard

UP riding high on improved law & order: Top ministers

UP riding high on improved law & order: Top ministers

time to read

2 mins

November 20, 2025

Business Standard

Karnataka unveils concept of 'India's 1st Quantum City'

Karnataka Minister N S Boseraju on Wednesday unveiled the concept of 'India's first Quantum City', proposed at Hesaraghatta, aimed at positioning the state at the forefront of the global quantum technology landscape.

time to read

1 min

November 20, 2025

Business Standard

'AI stocks may correct but 2000-style crash unlikely'

US smallcaps are a compelling value opportunity amid concerns about stretched valuations in artificial intelligence-linked stocks, says Vincent Nichols, investment specialist, US and thematic equity, at BNP Paribas Asset Management. The firm's GIFT City venture has launched the Baroda BNP Paribas GIFT US Small Cap Fund, a feeder fund. Nichols, in an interview with Samie Modak in ‘Mumbai, says US smallcaps — which have trailed largecaps through a prolonged earnings recession — are now seeing profits bottom out. Valuations are more attractive than those of largecaps. Edited excerpts:

time to read

3 mins

November 20, 2025

Business Standard

Centre's district-level playbook to steer business reforms in states

With the Prime Minister's Office (PMO) pushing for improved ease of doing business at the state level, the Department for Promotion of Industry and Internal Trade (DPIIT) has asked states to implement a sweeping set of district-level reforms.

time to read

3 mins

November 20, 2025

Business Standard

India indices near peak as global AI rally fades

Investors reallocate funds to traditional IT services firms

time to read

1 mins

November 20, 2025

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