US joins G7 artificial intelligence group to counter China
The U.S. has joined an international panel for setting ethical guidelines for the use of artificial intelligence. The Trump administration had earlier dismissed the idea.
The White House’s chief technology officer, Michael Kratsios, told The Associated Press on Thursday it is important to establish shared democratic principles as a counter to China’s record of “twisting technology” in ways that threaten civil liberties.
Washington recovers $300M in fraudulent unemployment claims
OLYMPIA, Wash. — Washington state has recovered $300 million paid to criminals who used stolen personal information to file fraudulent unemployment benefit claims amid the COVID-19 crisis, officials said Thursday.
Employment Security Department Commissioner Suzi LeVine said that she could not yet reveal the precise amount that was paid in fraudulent claims, but said that the initial recovery — including $50 million set to be returned Thursday — was a result of the state’s collaboration with federal law enforcement and financial institutions across the country.
Tesla’s Musk earns $770M in stock options, company confirms
DETROIT — Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics.
The electric car and solar panel maker’s Board certified that Musk earned the big payout, according to a filing with the U.S. Securities and Exchange Commission. The filing says Musk can buy 1.69 million shares of Tesla stock for $350.02 each, but it wasn’t clear whether he had exercised the stock options. His payout is based on the difference between the option price and Thursday’s closing share price of $805.81.