🤯 Investor sues Musk over Tesla stock

The chess term "checkmate" comes from the Arabic phrase "shah mat," meaning "the king is helpless."

What’s in store:

• Elon goes from one lawsuit to another.

• MediaTek’s big bet on Windows.

• Around the web: Jabra ends its consumer earbud line, shifting focus to enterprise and hearing aids.

• Guidde makes employee onboarding a breeze with AI

Read Time: 5 minutes

ELON VS OPENAI

Elon Musk drops OpenAI lawsuit

Elon Musk has withdrawn his lawsuit against ChatGPT creator OpenAI, just a day before a judge was to consider dismissing the case.

Musk, a co-founder of OpenAI, had accused the company and CEO Sam Altman of straying from their original goal of developing AI for the benefit of humanity.

Here’s what you should know:

• Musk drops the case against OpenAI, questioning their mission and actions.

• Musk criticises Apple's AI integration, hinting at a potential ban in his companies.

• Rhode Island Retirement System sues Musk over alleged insider trading of Tesla shares.

From OpenAI to Tesla

Musk, a critic of AI, condemned Apple’s integration of AI, including ChatGPT, into its devices.

He suggested a potential ban in his companies for security reasons.

Separately, Musk is facing a new lawsuit from the Employees' Retirement System of Rhode Island.

The lawsuit alleges that Musk and his brother Kimbal sold $30bn of Tesla shares between late 2021 and the end of 2022.

This occurred just before negative developments were made public, thereby inflating the stock price.

Elon Musk really knows how to keep his lawyers busy.

Vote for live results and see results + opinions from yesterday at the bottom of the email.

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On This Day

June 13th 1966 - The United States Supreme Court issues its decision in Miranda v. Arizona, establishing the principle that all criminal suspects must be advised of their rights before interrogation, known as "Miranda rights” today.

GPT of the Week

Framework Finder

Framework Finder assists users in identifying and applying analytical frameworks to tackle diverse problems effectively. It guides individuals through the process of selecting suitable frameworks, explaining their principles and applications. By refining these frameworks, Framework Finder helps users devise structured solutions to their specific challenges.

Check it out! →

CHIPS TECH

MediaTek's new Arm-based PC chip

MediaTek, a major Taiwanese chip designer, is developing an Arm-based chip for personal computers that will run Microsoft's Windows operating system.

This move aligns with Microsoft's recent push towards integrating Arm technology into their laptops, emphasising AI applications as the future of consumer computing.

MediaTek's shares rose by 2.4% following this announcement.

The new chip's design utilises ready-made components, reducing development time.

However, it remains uncertain whether Microsoft has approved MediaTek's chip for its Copilot+ Windows program.

Here’s what’s happening

• Set to launch late next year, this chip will be based on Arm's ready-made designs, significantly speeding up development.

• This development could challenge Intel's dominance in the PC market, as Microsoft aims to optimise Windows for Arm, similar to Apple's approach with its Mac computers.

• Microsoft's decision follows its 2016 collaboration with Qualcomm to bring Windows to Arm architecture, a deal expiring in 2024, opening the door for other chip designers like MediaTek and Nvidia.

Intel’s reign under threat?

MediaTek's PC chip is set to launch late next year after Qualcomm's agreement to supply chips for laptops expires.

The chip is based on Arm's ready-made designs, which can significantly speed development because less design work is needed using ready-made, tested chip components.

Executives at Arm have said one of its customers used the ready-made components to build a chip in roughly nine months for a design that is already complete, which MediaTek's is not.

For experienced chip design businesses, advanced chips typically take considerably more than a year to construct and test, depending on the complexity.

In 2016, Microsoft tapped Qualcomm to spearhead moving the Windows operating system to Arm's underlying processor architecture, which has long powered smartphones and their small batteries.

Microsoft granted Qualcomm an exclusivity arrangement to develop Arm-based Windows-compatible chips until 2024.

Because the Qualcomm exclusivity arrangement with Microsoft is expiring, other designers have opted to build chips to help power Microsoft's latest push to use Arm designs.

For decades, Windows machines have relied on chip architecture made by AMD and Intel.

Nvidia and AMD are working on Arm designs for Windows machines. The Nvidia effort for its PC chip involves help from MediaTek.

The MediaTek effort for a PC chip is separate from its collaboration with Nvidia.

Who doesn’t love another player in the never-ending PC chip game?

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Mindstream Picks

Ubisoft revealed Assassin's Creed Shadows gameplay, highlighting the ability to swap between two distinct characters, Yasuke and Naoe.

Bitcoin drops to $67,000 as crypto investors await the Fed's rate decision.

U.S. stocks climbed Wednesday after positive inflation news and reassurance of a potential Fed rate cut, with the S&P 500 up 0.9% and Nasdaq up 1.5%, while the Dow dipped 35 points.

Stoke Space test-fired its highly efficient engine for its reusable launch vehicle on June 5, reaching 50% of its 100,000 pounds-force thrust in a brief two-second test.

Don’t Miss - Jabra’s parent company, GN, is ending its consumer earbud business, including the Elite series, despite recently announcing the Elite 10 Gen 2 and Elite 8 Active Gen 2. Citing high competition from brands like Apple and Samsung, GN decided the investment for future innovation wasn't justified, shifting focus to enterprise hardware and hearing aid technology. Existing Jabra hardware will still receive support for several years.

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Yesterday’s Poll

“Do you think it can revolutionise healthcare?”

Yes! I'm in favour. - 92% ✅

Nope, I don't trust the bots around my body. - 8%

Your Views:

“If you're able to predict 10 years in advance it would give the person time to change; I think we can do that just nobody listens” - matthew

“If you have predictors in hand you can have a health plan readily available to use on and hopefully avoid what may or may not happen.” - kevin

Submit your opinions in our daily poll to be featured!