Health-technology firm Masimo, facing the imminent threat of litigation and a second proxy contest, offered a settlement to Politan Capital’s Quentin Koffey on Thursday that would fill a vacant board seat with one of the activist’s proposed directors.

Masimo’s lead independent director Craig Reynolds said he hoped adding Politan’s nominee William Jellison to the company’s board would help “avoid the significant distraction and expense of a proxy contest.” The company is trying to spin off its consumer technology division in concert with an unspecified joint-venture partner, CEO Joe Kiani said earlier this year.

Koffey said earlier this week that Masimo had withheld information on the joint venture from the board — requiring that directors sign a nondisclosure agreement to learn the potential partner’s name. He threatened litigation unless the company provided him with that information by Friday.

The settlement offer would not have been possible without the imminent resignation of current director Rolf Classon, whose departure was announced citing “personal health reasons.”

Koffey waged a successful proxy fight at Masimo last year earning himself and another nominee representation on Masimo’s six-person board. The activist argued Masimo’s consumer technology acquisition was enabled by poor governance, a charge that large shareholders endorsed and that Koffey said has continued unabated through his tenure as a director.

Politan launched a second proxy fight to oust Kiani earlier this year, saying that the “absence of oversight has been damaging for shareholders.” The activist also noted that outside of Kiani, no board member had access to “basic facts,” even around research and development spending or sales and goods costs.

Masimo declined to comment. A representative for Politan did not immediately return a request for comment.

Elon Musk‘s startup Neuralink on Wednesday said part of its brain implant malfunctioned after it put the system in a human patient for the first time.

Neuralink has built a brain-computer interface, or a BCI, that could eventually help patients with paralysis control external technology using only their minds. The company’s system, called the Link, records neural signals using 1,024 electrodes across 64 “threads” that are thinner than a human hair, according to its website.

In January, Neuralink implanted the device in a 29-year-old patient named Noland Arbaugh as part of a study to test its safety. The company streamed a live video with Arbaugh as he used the BCI in March, and Neuralink said in an April blog post that the surgery went “extremely well.”

But in the weeks afterward, a number of threads have retracted from Arbaugh’s brain, Neuralink said in a blog post Wednesday. This meant there were fewer effective electrodes, which inhibited the company’s ability to measure the Link’s speed and accuracy.

Neuralink did not disclose how many threads retracted from the tissue. The company did not immediately respond to CNBC’s request for comment.

As a workaround, Neuralink said it modified the recording algorithm, enhanced the user interface and worked to improve techniques for translating signals into cursor movements, the blog post said. Neuralink reportedly considered removing the implant, but the problem hasn’t posed a direct risk to Arbaugh’s safety, according to The Wall Street Journal, who earlier reported on the problem. Neuralink shared its blog post after the Journal asked the company about the issue, according to the report.

Though some threads retracted from Arbaugh’s brain tissue, Neuralink said he is using the company’s BCI system for around eight hours a day during the week, and often as many as 10 hours a day on the weekends.

Arbaugh said the Link is like a “luxury overload,” and it has helped him to “reconnect with the world,” according to the blog post.

Neuralink is not the only company that is building a BCI system, and the technology has been explored in academic settings for decades.

Neuralink has a long road of safety and efficacy testing ahead before it can be eligible for approval from the U.S. Food and Drug Administration to commercialize the technology.

Alibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by companies.

Jingren Zhou, chief technology officer of Alibaba Cloud, said in a statement the firm has seen “many creative applications of the models from across the industries,” including consumer electronics and gaming.

“We look forward to collaborating with our customers and developers in seizing the immense
growth opportunities presented by the latest surge in the generative AI development,” said Zhou.

Alibaba Cloud said the latest version of its Tongyi Qianwen model, Qwen2.5, possesses “remarkable advancements in reasoning, code comprehension, and textual understanding compared to its predecessor Qwen2.0.”

Large language models power artificial intelligence applications like OpenAI’s ChatGPT. They are trained on vast amounts of data to generate humanlike responses to user prompts.

The latest Qwen model fares better than OpenAI’s GPT-4 model in language and creation capabilities, but fell short in other categories like knowledge, reasoning and math, according to a March analysis by large language model evaluation platform OpenCompass.

Alibaba released Tongyi Qianwen in April 2023 after ChatGPT took the world by storm following its November 2022 launch. An upgraded version was released in October with improved capabilities in understanding complex instructions, copywriting, reasoning, memorizing, among others.

Alibaba Cloud said more than 2.2 million corporate users have accessed Qwen-powered AI services such as DingTalk – Alibaba’s answer to Slack.

The firm also said it has launched a series of new Qwen models to the open-source community and upgraded Model Studio, its generative AI platform, with new AI development resources.

Other Chinese tech giants such as Baidu and Tencent have released similar chatbots and AI models amid explosive demand for generative AI. Baidu in April said its Ernie bot has exceeded 200 million users after obtaining the green light for public use in August.

Generative AI is accelerating development of humanoid robots in China where these robots could help with factory work or labor.