Google will spend $500 million revamping compliance. Tesla debates how much CEO Elon Musk should be paid. AI has been taking human jobs for 3 years, and, clean energy stocks drop as Trump cuts grants. Jane King with the latest from the NYSE.
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Google will spend $500 million revamping compliance in a shareholder settlement.
Google reports this will settle shareholder litigation, accusing the search engine company of antitrust violations.
The changes include creating a stand-alone board committee to oversee risk and compliance.
Previously, the responsibility of Alphabet's board's audit and compliance.
Users of Google should notice a little difference.
Well, the world's richest man is also its lowest paid CEO, and Tesla is currently grappling with how and how much to pay Elon Musk.
The Wall Street Journal presents three options demand he dial back from government work and SpaceX to refocus on Tesla, treat him like a traditional CEO, pay him like everyone else at the company.
Now Tesla did.
Pay $0 to Musk last year.
An economist at Rebello Labs started looking at the job descriptions and online postings and identified the listed responsibilities that AI can already perform or augment.
She found that over the past 3 years, the shares of AI doable tasks in online job postings has declined by 19% after further.
Analysis, she reached a startling conclusion.
The vast majority of the drop took place because companies are hiring fewer people in roles that AI can do, and clean energy stocks dropped yesterday after the White House axed $3.7 billion in grants.
Hydrogen startup plug power and solar power providers, including Sunrun, were among the decliners after Energy Secretary Chris Wright announced the 24 projects, saying they failed to advance the energy needs of the American people, and that's the latest headlines.