Good morning and welcome to Tech News Now , TheStreet’s daily tech rundown.
In today’s edition, we’re covering Elon Musk’s latest move in the war between Delaware and his brands, Nvidia’s latest foothold in the burgeoning AI space, and a startling number to contend with in the world of tech employment.
Neuralink’s new home
Tesla CEO Elon Musk had quite the ugly surprise near the end of January when a Delaware judge struck down his $55 billion pay package at Tesla, effectively knocking his title of “world’s richest man” off the shelf . Musk was quick to take to X to bemoan the situation, tweeting “Never incorporate your company in the state of Delaware” on Jan. 30.
Musk has now switched Neuralink’s state of incorporation from Delaware to Nevada, according to a Feb. 9 report from Bloomberg . This echoes the same move he made in 2022 when he renamed Twitter to X, also moving its state of incorporation from Delaware to Nevada.