China ‘closer than ever' to surpassing American-made AI models
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Tim Defoor brings his ‘Be Audit $mart' tour to Waynesboro
Pennsylvania Auditor General Tim Defoor will attend the Hanging with Chad event in Waynesboro on Aug. 15. According to a community announcement, Defoor aims to connect with residents and discuss his work in state government since taking office in 2021. The event is scheduled for 9 a.m. to noon at the Greater Waynesboro Chamber of Commerce at 118 Walnut St., No. 111. Defoor's presentation will start at 10 a.m., allowing residents to meet with Pennsylvania State Representative Chad Reichard beforehand to discuss state-related issues. Defoor's visit is part of his 'Be Audit $mart' tour, which focuses on educating the public about his office's responsibilities. The event will conclude with a question-and-answer session, giving attendees a chance to engage directly with Defoor. The Hanging with Chad events occur monthly on the third Friday, providing a platform for community members to voice concerns and learn about state government. Residents unable to attend the event can call 717-749-7384 to schedule an appointment for further discussion. For more information, visit This story was created by Janis Reeser, jreeser@ with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at The Public Opinion, The Record Herald, Echo-Pilot are growing their local news This article originally appeared on Waynesboro Record Herald: Tim Defoor to speak at Waynesboro event Aug. 15 Solve the daily Crossword
Yahoo
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US Explores Better Location Trackers for AI Chips, Official Says
(Bloomberg) — The US is exploring ways to equip chips with better location-tracking capabilities, a senior official said, underscoring Washington's effort to curtail the flow of semiconductors made by the likes of Nvidia Corp. (NVDA) to China. PATH Train Service Resumes After Fire at Jersey City Station Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole Seeking Relief From Heat and Smog, Cities Follow the Wind Washington has espoused working with the industry to monitor the movements of the sensitive components, part of a broader plan to curtail smuggling and ensure American technology remains dominant. Last week, Beijing summoned Nvidia representatives to discuss US efforts around location-tracking and other alleged security risks related to its H20 chips. 'There is discussion about potentially the types of software or physical changes you could make to the chips themselves to do better location-tracking,' said Michael Kratsios, one of the architects of a US AI action plan unveiled by Donald Trump last month. 'That is something we explicitly included in the plan,' the White House Office of Science and Technology Director told Bloomberg Television. Trump's blueprint has provoked a backlash in Beijing, which for years railed against alleged US surveillance and Washington's efforts to curtail its tech sector. The Chinese government is particularly sensitive to semiconductor sanctions designed to counter Huawei Technologies Co. or rising AI developers such as DeepSeek. Trump officials recently pledged to lift export restrictions on the H20 to China as part of a trade deal they say will secure sales of rare-earth magnets to the US. But Washington is also focused on curtailing the smuggling of chips. Kratsios said Tuesday he's not had conversations 'personally' with either Nvidia or Advanced Micro Devices Inc. about exploring location-tracking technology. Last week, Nvidia said it does not have 'backdoors' in its chips. Kratsios, who was in South Korea to attend an APEC Digital Ministerial Meeting, took aim at China's own AI action plan, which involves forming a global organization to devise governance and technology standards. 'We believe each country should set their own destiny on how they think about regulating artificial intelligence,' he said. 'The US model, which puts innovation first, will be the most attractive.' —With assistance from Yoolim Lee and Lauren Faith Lau. AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Russia's Secret War and the Plot to Kill a German CEO Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech How Podcast-Obsessed Tech Investors Made a New Media Industry ©2025 Bloomberg L.P. Sign up for Yahoo Finance's Week in Tech By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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Tesla awards Elon Musk $29 billion worth of shares
Tesla is awarding its CEO Elon Musk a share package valued at about $29 billion. It is made up of 96 million shares of restricted stock. The move comes just six months after a judge ordered the electric vehicle maker to revoke Musk's massive pay package. On Monday, the company said in a regulatory filing that Musk must first pay it $23.34 per share of restricted stock that vests. That is equal to the exercise price per share of the 2018 pay package that was awarded to the company's CEO. In December, Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed her earlier ruling that Tesla must revoke Musk's multibillion-dollar pay package. She found that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. At the time, the judge also rejected an equally unprecedented and massive fee request by plaintiff attorneys, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk's 2018 compensation package, contending that shareholders who had voted for the 10-year plan in 2018 had been given misleading and incomplete information. In their defense, Tesla's board members asserted that the shareholders who ratified the pay plan a second time in June had done so after receiving full disclosures, thereby curing all the problems the judge had cited in her January ruling. As a result, they argued, Musk deserved the pay package for having raised Tesla's market value by billions of dollars. That pay package carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla's stock price. Musk appealed the order in March. A month later, Tesla said in a regulatory filing that it was creating a special committee to look at Musk's compensation as CEO.
