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☆ Elon Musk is looking to deploy Tesla's robotaxis in China, state media reports say
▼ + stars: | 2024-05-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Tesla is planning to rollout its robotaxis in China, state-owned newspaper China Daily reported. Elon Musk suggested implementing Tesla's Full Self-Driving technology in China's taxi services. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla CEO Elon Musk is looking to to deploy his company's Full Self-Driving (FSD) technology in China's taxi services, Chinese state-owned newspaper China Daily reported on Tuesday. The Tesla chief made a surprise visit to China last month, where he met the country's second-highest-ranking politician, Premier Li Qiang.

Persons: Tesla, Elon Musk, —, Li Qiang Organizations: China Daily, Service, Tesla, Bloomberg Locations: China

☆ Elon Musk is a homeowner again, despite his claims of couch surfing
▼ + stars: | 2024-05-08 | by ( Grace Kay | Jack Newsham | ) www.businessinsider.com time to read: +7 min

As recently as April 2022, the billionaire Tesla founder claimed in an interview that he was couch surfing and didn't "even own a place right now." In redacted court filings from December, Musk said he purchased the home in February 2022 and that he still lives there. In 2023, the Austin property was appraised at nearly $7 million, county tax records show. Less than a year later, in April 2022, Musk said again that he didn't own a home and rotated between friends' spare rooms. Eight weeks later, the LLC that purchased the Austin house was formed.

Persons: —, Elon, Tesla, Grimes, Musk, Stefan Cassella, I'd, he'd, they'd, I'm, Austin, Ken Howery, Walter Isaacson, Tesla's Austin Gigafactory Organizations: Service, Business, Texas, State, Department of Justice, SpaceX, Street Journal, PayPal, Austin, Montessori Locations: Austin, Texas, California, San Francisco, Colorado, Bastrop , Texas, Tesla's

☆ Japan's yakuza — once powerful organized crime figures — are reduced to stealing Pokémon cards
▼ + stars: | 2024-05-08 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Tokyo police arrested a yakuza boss, accusing him of stealing Pokémon cards. Anti-gang laws and lower profits have made yakuza membership less appealing to younger Japanese. AdvertisementTokyo Metropolitan Police last week arrested an executive of the Takinogawa gang, a faction of Japan's second-most powerful organized crime syndicate — the Sumiyoshi-kai. Police accuse him of stealing Pokémon cards. Yakuza are members of organized crime syndicates, the Japanese equivalents of gangsters or mafiosos.

Persons: — Organizations: Tokyo, Service, Police, Business Locations: Tokyo

☆ The DoJ is reportedly investigating if Tesla committed securities or wire fraud in Autopilot probe
▼ + stars: | 2024-05-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

The Department of Justice is investigating potential securities or wire fraud by Tesla, Reuters reported. The probe reportedly centers on Tesla's promotion of its driver assist software. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Department of Justice is looking into potential securities or wire fraud connected with Tesla's efforts to promote its driver assist software, according to a report by Reuters that cited unnamed sources. In 2022, the news agency first reported that the DoJ had launched a criminal probe into Tesla and its self-driving claims, but further details regarding the scope of the investigation were previously unknown.

Persons: Tesla, — Organizations: Justice, Reuters, Service, DoJ, Tesla, Business

☆ Warren Buffett warned on AI scams, a fiscal disaster, and losing friends. Here are 15 top quotes from Berkshire's bash.
▼ + stars: | 2024-05-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett discussed AI fraud, fiscal woes, and bad bets at Berkshire Hathaway's annual meeting. Buffett hailed his late business partner, Charlie Munger, and offered a raft of life advice. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The 93-year-old CEO ruled out retirement at 65 for his successor, paid tribute to his late business partner, Charlie Munger, and offered advice about role models, quality relationships, and giving back. This story is available exclusively to Business Insider subscribers.

Persons: Warren Buffett, Greg Abel, Buffett, Charlie Munger, — Organizations: Berkshire Hathaway's, Service, Paramount, Business Locations: Berkshire

☆ Eric Schmidt shares 4 reasons why China is behind the US in AI
▼ + stars: | 2024-05-08 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Former Google CEO Eric Schmidt said the US is "way ahead of China" in AI development. Schmidt cited chip shortages and more English language material to train AI models. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer Google CEO Eric Schmidt thinks the US is "way ahead of China" when it comes to AI. Following his departure, Schmidt has invested in various AI companies, including Anthropic.

Persons: Eric Schmidt, Schmidt, — Organizations: Google, Service, Bloomberg, Department of Defense's Innovation, National Security, Artificial Intelligence, Business Locations: China

☆ 12 things everyone should replace in their bedroom, according to interior designers
▼ + stars: | 2024-05-08 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: 1 min

Find a nightstand with drawers and hidden storage to reduce clutter. New Africa/ShutterstockSarah Barnard, interior designer and founder of Sarah Barnard Design, told Business Insider that nightstands can quickly accumulate a variety of odds and ends, creating visual clutter. "Opting for a nightstand with drawers or covered storage keeps items close at hand while maintaining visual calm," Barnard explained. She added this type of nightstand can also offer privacy for your items. Plus lined or compartmentalized interiors can help reduce the noise of opening or closing drawers.

Persons: Sarah Barnard, Sarah Barnard Design, Barnard Locations: Africa

☆ Whoops! I just (accidentally) screwed Jeff Bezos out of $130.
▼ + stars: | 2024-05-08 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

I wanted to subscribe to The Washington Post, owned by Jeff Bezos, for $12 every 4 weeks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And I definitely wasn't trying to get one over on The Washington Post. But that's just what happened: I tried to pay the Post, owned by the second-richest man in the world, $156 a year. This story is available exclusively to Business Insider subscribers.

Persons: Jeff Bezos, —, Jeff Bezos's Organizations: Washington Post, Service, The Washington, Verizon, Hulu, Netflix, Spotify, Business

☆ iPhone price cuts might have saved Apple from an even bigger China crisis
▼ + stars: | 2024-05-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Tim Cook might have helped Apple avert a wider crisis in China. iPhone sales rose 12% in China in March after months of decline. AdvertisementIt looks like Tim Cook can breathe a small sigh of relief about Apple's prospects in China — for now. After months of freefallling iPhone sales there, signs are emerging of a rebound in what is arguably Apple's most important international market. Official government data, first reported by Bloomberg, suggests iPhone sales rose 12% in China in March, with overall shipments of non-Chinese smartphones jumping to 3.75 million units.

Persons: Tim Cook, Apple, — Organizations: Apple, Service, Bloomberg, Business Locations: China

☆ These 15 cities offer the best opportunities for first-time homebuyers with median prices under $292,000 and little competition in the market, according to SmartAsset
▼ + stars: | 2024-05-08 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

It's a difficult time for first-time homebuyers amid poor housing affordability levels. In a recent analysis, SmartAsset ranked 192 US cities for new homebuyer favorability. The ranking considers median home prices, competition levels, and more. This has crushed affordability, putting housing payments at roughly their most expensive levels relative to incomes in four decades. This story is available exclusively to Business Insider subscribers.

Persons: SmartAsset, — Organizations: Service, Business

☆ A nude cruise launches next year, but do not dare put your bare butt on a public seat
▼ + stars: | 2024-05-08 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

A 2,300-passenger cruise is due to set sail in February and will let passengers go nude. The Big Nude Boat will take passengers on an 11-day trip from Miami around the Caribbean. The company has policies for its nude passengers, including no naked butts on any public surfaces. AdvertisementA nude cruise is due to set sail in February next year from Miami around the Caribbean — but passengers must follow specific rules about nudity. The Big Nude Boat is a partnership between Norwegian Cruise Line and Bare Necessities, a specialist nude cruise travel company.

Persons: — Organizations: Service, Cruise, Business Locations: Miami, Caribbean

☆ I quit my finance job and became an Airbnb host in Italy. I have no regrets about choosing happiness over money.
▼ + stars: | 2024-05-08 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Anton Govor left his corporate finance career to become an Airbnb host on Lake Garda in Italy. I visited Lake Garda for the first time when I was 21The main guesthouse at GardaDoma. Courtesy of GardaDomaDuring a drive from Munich to Florence, I stopped in Lake Garda completely by chance. AdvertisementI chose to leave my finance career behindIn December 2018, my second son was born at Lake Garda, and I took parental leave at our house. I devote 1 to 4 p.m. to property maintenance and planning the dinner menu with our work family, who take shifts in cooking.

Persons: Anton Govor, Govor, he's, —, It's, Ernst & Young, Brenzone, Airbnb Organizations: Garda, Service, Ernst &, MOEX Group, Lake Garda Locations: Italy, Brenzone sul Garda, Moscow, Lake, Munich, Florence, Europe, Russia, Easter

☆ Shopify warns on margins and posts big quarterly loss, sending shares plunging premarket
▼ + stars: | 2024-05-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Shopify stunned investors after reporting a surprise loss for the first three months of the year. The e-commerce platform posted a $273 million loss for the first quarter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShopify shares plunged almost 20% in premarket trading after the e-commerce giant sunk into the red for the first three months of the year.

Persons: Shopify, —, Harvey Finkelstein Organizations: Service, Shopify

☆ Uh, this music-streaming app called Musi sure feels like it's in a gray area
▼ + stars: | 2024-05-08 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

Musi is a music-streaming app that has millions of users, especially among teens. It works by streaming music from YouTube, and unlike Spotify, it doesn't make deals with record labels. Wired reports that Musi is a free music streaming app out of Canada that's especially popular with teenagers. And unlike Apple Music or Spotify, which make their own deals with record labels and pay artists for streams, Musi works quite differently. It essentially streams music from YouTube — and Musi runs its own ads against those streams.

Persons: —, Anne Hathaway — Organizations: YouTube, Spotify, Service, Wired, Apple Music, Business Locations: Canada

☆ OpenAI is reportedly trying to poach Googlers for an AI-powered search team
▼ + stars: | 2024-05-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sam Altman's company is trying to poach Googlers for a ChatGPT search engine, per the report. The Verge reported that the company behind ChatGPT has been trying to poach Googlers to work on its team developing a search engine for the chatbot. In February, The Information reported that OpenAI was developing a web search feature that could put the company into more direct competition with Google Search. AdvertisementGoogle's future plans in the AI field include large investments and a generative AI search engine. Big Tech is engaged in an intense battle for top AI talent as rival companies rush to launch similar AI-powered products.

Persons: Sam Altman's, —, OpenAI, ChatGPT, Googlers, Bing, Mark Zuckerberg Organizations: Big Tech, Service, Google, Bloomberg, Business

☆ Russia is covering armored vehicles with elaborate anti-drone 'cope cages.' Video shows them getting hit anyway.
▼ + stars: | 2024-05-08 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Footage shared by a Ukrainian battalion appears to show exploding drones striking Russian 'cope cages.' Both Russia and Ukraine have used the cages as makeshift missile defenses on vehicles. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVideo released by a Ukrainian battalion appears to show drones getting through increasingly complex "cope cages" installed on Russian armored fighting vehicles, to devastating effect. In a video posted on Monday by the 8th Separate Mountain Assault Battalion — part of the famed "Edelweiss" brigade — heavily protected Russian vehicles are seen to be targeted and, it appears, destroyed by Ukrainian drones.

Persons: — Organizations: Service, Business Locations: Ukrainian, Russia, Ukraine

☆ Goodnight, sweet Panera charged lemonade prince
▼ + stars: | 2024-05-08 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

Panera Bread is getting rid of its highly caffeinated charged lemonades, which attracted lawsuits. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPanera Bread is finally getting rid of its "charged lemonade" — another chip away at our freedom. In a world with few acceptable vices left — and a lot to worry about — Panera's "Charged Sips" were a bright spot. This story is available exclusively to Business Insider subscribers.

Persons: —, Zyn Organizations: Service, Business

☆ Puma thinks its Palermo sneakers might be this year's Adidas Samba
▼ + stars: | 2024-05-08 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Puma posted quarterly earnings on Wednesday that pushed shares 12% higher. The German sportswear giant flagged rising demand for its Palermo sneakers. The "terrace" trend has helped boost sales for Puma and arch rival rival Adidas in recent years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPuma touted rising demand for its retro terrace-style range on Wednesday as it posted first-quarter earnings that were in line with analysts' expectations but still sent shares soaring.

Persons: Puma, — Organizations: Palermo, Puma, Adidas, Service Locations: Americas

☆ Definely, a London legal tech startup founded by a blind lawyer, just raised $7 million with this 10-slide pitch deck
▼ + stars: | 2024-05-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDefinely, a London-based legal tech startup, has raised $7 million in Series A funding, the company said Wednesday. Founded in 2020 by former colleagues at a Magic Circle law firm, Definely is a subscription product that helps lawyers read, edit, and draft legal documents through a plug-in. Currently available through Microsoft Word, Definely uses artificial intelligence, including natural language processing, to make cross-referencing documents easier for legal professionals. Reading legal documents can be a lengthy and complex task with phrases and terminology often scattered between different sections of contracts.

Persons: —, Nnamdi Emelifeonwu, MacDaeid, Emelifeonwu, Definely Organizations: Service, Microsoft, Business, Octopus Ventures, Cornerstone VC, Zrosk Investment, Google, Atlantic Locations: London

☆ If it feels like NYC is richer, you're right. One in every 24 residents is a millionaire.
▼ + stars: | 2024-05-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

New York City is now home to 349,500 millionaires. Meanwhile, rising living costs are forcing lower-earning residents out of the city. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew York City is the metro with the highest number of millionaires, according to a ranking released Tuesday by immigration consultancy Henley & Partners. Some wealthy residents moved out, but lots more moved in during the pandemic, bringing the Big Apple's millionaire count to 349,500 — more than any other city in the world,With a population of 8.2 million, this means that one in 24 New York residents is a millionaire.

Persons: — Organizations: Henley & Partners, Service, Big, Business Locations: York City, New York

☆ Stock market today: Indexes slide amid earnings-fueled tech selloff
▼ + stars: | 2024-05-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks dropped on Wednesday led by a selloff in the tech sector. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks slid on Wednesday, led by a sell-off in the tech sector as investors took in weak financials and earnings guidance. Here's where US indexes stood at the 9:30 a.m. opening bell on Wednesday:AdvertisementHere's what else happened today:In commodities, bonds, and crypto:Advertisement

Persons: Tesla, —, David Bahnsen Organizations: Intel, Reuters, Service, Nasdaq, Justice Department, New York Fed Locations: Here's

☆ A Boeing 787 full of passengers was stranded in Canada's deep north after a burning smell forced an emergency landing
▼ + stars: | 2024-05-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

An Air France plane diverted after a burning smell was detected in the cabin. The airline had to cancel a different flight to reroute a Boeing 777 to rescue the passengers. AdvertisementAir France has been working to get passengers back on track after their plane made an emergency landing in the deep north of Canada on Tuesday. The Boeing 777 was scheduled to fly from Montreal to Paris, but that flight was canceled. Nearly 11 hours after the passengers had landed in Iqaluit, the 777 departed for New York.

Persons: — Organizations: Boeing, Service, CBC, New York, Seattle, Delta Air Locations: Air France, Canadian, Nunavut, reroute, France, Canada, Paris, Seattle, Iqaluit, Canada's Nunavut, Frobisher Bay, Montreal, New, New York

☆ Boeing is celebrating the latest employee to come forward with dirt on the company 'for doing the right thing'
▼ + stars: | 2024-05-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Boeing is lauding an employee who reported a lapse with the 787 Dreamliner's safety checks. A senior Boeing executive said the employee should be celebrated for doing the "right thing." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Boeing employee who raised an issue with the 787 Dreamliner's quality checks to his superiors did the "right thing," a senior executive of the company said last week. "I wanted to personally thank and commend that teammate for doing the right thing," Scott Stocker, who heads the 787 manufacturing program, said in an internal memo on April 29.

Persons: —, Scott Stocker, " Stocker Organizations: Boeing, Service, Business

☆ Ethan Hawke says he had to keep his cameo in Taylor Swift's 'Fortnight' music video a secret from his teen daughters
▼ + stars: | 2024-05-08 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

Ethan Hawke didn't tell his daughters he was going to be in Taylor Swift's "Fortnight" music video. "No, I signed an NDA," Hawke said on "The Late Show with Stephen Colbert" on Monday. Hawke reunited with his "Dead Poets Society" costar, Josh Charles, for the music video. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEthan Hawke says he didn't tell his daughters he was appearing in Taylor Swift's "Fortnight" music video.

Persons: Ethan Hawke didn't, Taylor, Hawke, Stephen Colbert, Josh Charles, —, Ethan Hawke, I'm Organizations: Society, Service, Business

☆ I've been to over 100 countries. I want to go back to these 5 — including one travelers are really sleeping on.
▼ + stars: | 2024-05-08 | by ( Abbie Synan | ) www.businessinsider.com time to read: +1 min

I've been to over 100 countries, and I have five in mind I'd love to revisit. Oman is underrated and Georgia is such a special place I've been there multiple times. AdvertisementOnce you've visited over half of the world's countries, the urge to travel to every nation slowly starts to take hold of your itinerary. Here are the five countries I'd revisit in a heartbeat — and that I'd recommend to anyone planning their next trip. Surprisingly enough, none of my picks have cracked the top 10 for the most visited countries this year so far — so you may also be able to avoid summer crowds by checking them out.

Persons: I've, —, you've Organizations: Service Locations: Oman, Georgia, Japan, Brazil

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