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Honda begins joint research with Boston University in information security for AI; secure MPC

Green Car Congress

Honda Research Institute (HRI), a Honda R&D subsidiary, and Boston University have agreed to begin joint research in the area of data security and privacy for artificial intelligence (AI) research. A first research project will investigate data privacy control using a technology called secure multi-party computation (MPC).

Boston 150
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Elon Musk’s xAI highlights societal impact with Nevada incorporation: report

Teslarati

Elon Musk’s AI startup, xAI, has been incorporated in Nevada as a benefit corporation. By doing so, the company would be able to prioritize societal and environmental impact in its operations. In xAI’s official website , the company noted that its work is aimed at accelerating “human scientific discovery.”

Nevada 141
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Earlier post.) million in outstanding 3% Convertible Senior Notes due 2013.

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Musk responds to pay case lawyers requesting $6 billion in Tesla shares

Teslarati

Elon Musk has responded to lawyers in the recent Delaware case regarding his Tesla compensation package, after the attorneys this week requested legal awards of 29 million Tesla shares — worth almost $6 billion. billion at the company’s current valuation (via Bloomberg ). Following the decision to void Musk’s $55.8

Delaware 137
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Does planting trees generate sufficient carbon credits?

Innovation News Network

A new method developed by the University of Copenhagen and NASA accurately determines how effective planting trees is for offsetting carbon emissions. In order to somewhat counteract the CO2 emissions they produce, various major corporations globally purchase what are known as carbon credits.

Carbon 52
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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

Green Car Congress

Rental car company Avis Budget Group, Inc. has agreed to acquire car-sharing company Zipcar for $12.25 The Boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders representing approximately 32% of the outstanding common stock have agreed to vote their shares in support of the transaction.

Companies 218
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Tesla’s Chief Accounting Officer sells over 4,450 shares for nearly $3M

Teslarati

A Form 4 is the necessary paperwork needed for “an insider” with a company to execute a transaction. The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes.

India 142