Equity Did you know you can't steal a charity? Don't worry. Elon Musk will remind you.
16 snips
May 1, 2026 Courtroom drama over whether converting a nonprofit to a for-profit crossed legal lines. Leaked messages, tweets under oath, and testimony shaping the dispute. Big Tech earnings showed cloud as the clear winner amid questions about AI spending and capex. A startup sues over data rights after acquisition. Military AI funding and ethical risks get a deep dive.
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Read The Fine Print Before Accepting An Acquisition
- Read acquisition agreements and privacy policies carefully because you may lose control of product and data after an exit.
- Christopher Gray’s case shows that promises by executives may not prevent a public company division from monetizing user data.
BMW iVentures Is A Strategic AI Bet
- BMW i Ventures is serious and strategic, raising a $300M third fund focused on AI with BMW AG as sole LP.
- The fund runs semi-independently with partners in Silicon Valley and Germany to back startups that can benefit BMW beyond pure financial returns.
Automakers Are Building Competing Innovation Portfolios
- Automakers are competing by funding startups across the automotive AI stack, from dealership voice agents to defect-detection scanners.
- BMW and Volkswagen’s single-LP funds suggest OEMs want access to technologies that can be integrated or acquired later.