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☆ Tesla executive says he's resigned as recent layoffs hurt morale and throw the company 'out of balance'
▼ + stars: | 2024-05-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Rich Otto, former head of product launches at Tesla, said he resigned last week. The executive said the recent Tesla layoffs have thrown the company "out of balance." Otto's departure follows six other senior-level Tesla executives leaving in recent weeks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The recent layoffs that are rocking the company and its morale have thrown this harmony out of balance and it's hard to see the long-game.

Persons: Rich Otto, —, Tesla, he'd, Otto, Elon Musk Organizations: Tesla, Service, LinkedIn

☆ Tesla sends out another wave of layoff notices as employees enter 4th week of job cuts
▼ + stars: | 2024-05-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The company sent out another round of layoff notices on Sunday night, according to impacted workers who posted about the cuts on social media. The latest round of cuts mean that employees at the company are entering their fourth straight week of layoff notices. At least seven Tesla workers took to LinkedIn to say they'd received layoff notices on Sunday. "After watching my team gradually slimmed down week after week since mid-April, I received the dreaded 'Hello Employee' email this Sunday afternoon," one Tesla worker wrote on LinkedIn. Another worker shared a screenshot of her layoff email on LinkedIn that showed her last day of work would be May 5.

Persons: —, Elon Musk, they'd, Tesla, Elon, Musk, Tesla's, Drew Baglino, Rohan Patel, Patel, TechCrunch he'd Organizations: Service, LinkedIn, Business, Workers, BI, TechCrunch Locations: California, Texas

☆ Brazil floods death toll rises to 83, dozens remain missing
▼ + stars: | 2024-05-06 | by ( Jack Guy | Julia Vargas Jones | ) edition.cnn.com time to read: +2 min

CNN —The death toll from a series of catastrophic floods in the southern Brazilian state of Rio Grande do Sul has risen to at least 83, the state’s civil defense unit said Monday. A further 276 people are reportedly injured and at least 111 people are missing, while at least 121,000 people have been displaced, according to the Civil Defense of Rio Grande do Sul. Military firefighters rescue a man using a helicopter. Yesterday (Saturday) were we able to intensify operations,” Sallet said. The climate crisis, caused primarily by humans burning fossil fuels, is supercharging extreme weather around the world, making many events more intense and more frequent.

Persons: Renan Mattos, Amanda Perobelli, José Carlos Sallet, ” Sallet, Diego Vara, Gustavo Ghisleni Organizations: CNN, Authorities, Civil Defense, Reuters, Reuters CNN, Rio Grande do Sul Military Firefighters, Roca Sales, Getty Locations: Rio Grande do Sul, Canoas, Jacarezinho, Roca, AFP

But there’s an overlooked set of winners as well: utilities and energy companies. The power demands of the huge data centers that underpin the A.I. Wall Street is taking notice — but the climate effect isn’t getting as much attention. Tech’s energy needs are coming into focus as investors get to grips with how much of an “energy hog” generative A.I. Analysts at Wells Fargo see the A.I.

Organizations: Microsoft Locations: Wells

☆ Brazil floods: At least 29 people killed as heavy rain and flooding lashes Brazil
▼ + stars: | 2024-05-03 | by ( Michael Rios | Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —At least 29 people have been killed and a further 60 are missing as heavy rain and flooding hit the Brazilian state of Rio Grande do Sul this week. Residents and a dog are evacuated from a flooded area in the city center of São Sebastião do Cai, Rio Grande do Sul State, Brazil, on May 2, 2024. Rio Grande do Sul has been increasingly hit by extreme weather events in recent years. Volunteers use a fishing boat to rescue residents trapped inside their houses in São Sebastião do Cai, Rio Grande do Sul state. The proportion of high-intensity hurricanes, or tropical cyclones, has increased due to the warmer global temperatures, according to the UN.

Persons: Cai, Carlos Fabal, Luiz Inácio Lula da Silva, “, ”, Eduardo Leite, Anselmo Cunha, Lizzy Yee, Omar Fajardo Organizations: CNN, Authorities, Getty, Volunteers, UN Locations: Rio Grande do Sul, Rio Grande do Sul State, Brazil, AFP, Dubai, Asia, Kenya, São

☆ Companies will hire more as a result of AI, says Upwork CEO
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies will hire more as a result of AI, says Upwork CEOUpwork CEO Hayden Brown joins CNBC's 'The Exchange' to discuss how Upwork is 'supercharging' AI, labor market outlooks, and more.

Persons: Hayden Brown Organizations: Companies

☆ Stock market today: futures drop after Starbucks and McDonald's misses
▼ + stars: | 2024-05-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

US futures slid as traders weighed Amazon's earnings beat against Starbucks and McDonald's misses. The Federal Reserve is set to provide an update later on the likely trajectory of interest rates. McDonald's also fell short of Wall Street's revenue, earnings, and same-store sales estimates for last quarter as consumers spent less at the fast-food chain. A painful combination of historic inflation and soaring interest rates over the past couple of years have squeezed household budgets and stoked concern of a recession. Stubborn inflation in recent months has dampened Wall Street's hopes that the Fed will cut rates in the months ahead.

Persons: —, Stocks, Amazon's, Ipek Ozardeskaya, McDonald's, Jerome Powell, Ozkardeskaya, Tesla Organizations: Starbucks, Federal, Service, Amazon, Nasdaq, Dow Jones Industrial, Amazon Web Services, Swissquote Bank, Consumers, Fed, Elon Musk's

☆ Elon Musk says Tesla still plans to grow Supercharging network after eliminating global team, but 'at a slower pace'
▼ + stars: | 2024-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

The employees behind Tesla's Supercharging stations are being laid off, BI previously reported. Musk said following the cuts that Tesla will keep growing its charger network "at a slower pace." Tesla will now focus on "100% uptime and expansion of existing locations," Musk said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Tesla still plans to grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations," Musk wrote in a post on X.

Persons: Musk, Tesla, —, Elon Musk Organizations: Service, Business

☆ Tesla may try to rehire some of the employees it laid off
▼ + stars: | 2024-05-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

The Tesla CEO may be rehiring some of the laid off staff, according to a Bloomberg report. Musk confirmed a slower growth rate for Tesla, which could impact other EV carmakers. Still, the job cuts concerned EV executives at companies like Rivian, Ford, and General Motors, according to the Bloomberg report. AdvertisementThe departure of the senior director for charging infrastructure, Rebecca Tinucci, meant these brands lost a main point of communication, the Bloomberg report said. "It may be possible Mr. Musk will reconstitute the EV charger team in a bigger, badder, more Muskian way," Pinter said.

Persons: Elon, Tesla, Musk, —, Elon Musk, Rebecca Tinucci, Andres Pinter, Pinter Organizations: Bloomberg, Tesla, carmakers, Service, General Motors, Solutions, Reuters

☆ Dubai’s floods were made worse by climate change, scientists find
▼ + stars: | 2024-04-25 | by ( Angela Dewan | ) edition.cnn.com time to read: +5 min

Using scientific models, the team was unable to determine precisely how much more likely climate change had made the floods. Changing circulation patterns driven by global warming are also increasing rainfall intensity, the analysis noted. Global warming was the only remaining reason they could identify to explain the heavier downpour. However, the focus must be on slowing climate change, she added. “While we can’t stop El Niño, we can stop climate change,” Otto said.

Persons: Amr Alfiky, ”, Sonia Seneviratne, Mansour Almazroui, King Abdulaziz University’s, Friederike Otto, Niño, Otto said, El, ” Otto, Francois Nel, Sultan Al, Jaber, CNN’s Abbas Al Lawati Organizations: CNN, United Arab, United Arab Emirates, Global, Reuters “, Institute for Atmospheric, Science, King Abdulaziz University’s Center, Excellence, Change, Grantham Institute, International Energy Agency Locations: United Arab Emirates, Oman, El, Dubai, UAE, Dubai’s, Zurich, Jeddah, Saudi Arabia, London, Paris, deadlier

☆ How a Ford dealership saved me from a charging disaster my first time driving a Tesla Cybertruck
▼ + stars: | 2024-04-23 | by ( Graham Rapier | ) www.businessinsider.com time to read: +1 min

Tesla owners have told me for years that the Supercharger network was a huge selling point, and this trip proved that to be true. On the return trip, I simply plugged in a Supercharger along my route into the computer and headed down the road. The truck immediately began charging at warp speed compared to my other two tries, adding 140 miles of range every hour. I dropped off the truck with about 125 miles of range right next to a Supercharger. On my next road trip in an EV, I'll double-check my adapters — and not count on random ones to get the job done.

Persons: Superchargers, Graham, Supercharging Organizations: Graham Rapier Locations: Johnson City , Texas

☆ Google's AI search tool doesn't seem to have mastered math yet
▼ + stars: | 2024-04-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.

Persons: —, Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service

☆ I bought a used Tesla Model 3 for $26,000. Despite its high mileage, I'm happy with my car.
▼ + stars: | 2024-03-07 | by ( Andrew Lambrecht | ) www.businessinsider.com time to read: +7 min

Read previewLast spring, I found a used 2019 Tesla Model 3 listed for sale just a few miles from where I live. Andrew Lambrecht's 2019 Tesla Model 3. Lambrecht's 2019 Tesla Model 3. Lambrecht's 2019 Tesla Model 3. The Ford Mustang Mach-E and Volkswagen ID.4 are two other neat electric cars now within the $25,000 range used.

Persons: —, Cooper, I've, it's, Andrew Lambrecht's, Amber Saitta, Tesla, Teslas, Andrew Lambrecht, hasn't Organizations: Service, Business, EV, EPA, Ford, Volkswagen Locations: Teslas

☆ Look closely: Tesla's video celebrating a Mustang EV using its Supercharger hides a potential pain point for other drivers
▼ + stars: | 2024-03-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.

Persons: —, Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, — Locations: New York

☆ Ford rolls out Tesla Supercharging for EVs. Here's what drivers need to know
▼ + stars: | 2024-02-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor is rolling out Tesla Supercharging capabilities to owners of its electric vehicles in the U.S. and Canada. The Detroit automaker was the first to announce a deal with Tesla to utilize the EV maker's Supercharger network. Under the deals, companies such as Ford will adopt Tesla's charging port for future EV models. In the meantime, an adapter is needed to connect non-Tesla vehicles, which utilize different charging technology, to Tesla's network. Tesla, which designed the adapter and is handling distribution of them to automakers, did not respond to request for comment on specifics.

Persons: Tesla, Ford, Ken Williams, Williams Organizations: DETROIT, Detroit, Ford, EV, U.S Locations: U.S, Canada, Ford

☆ How OpenAI plans to make ChatGPT a 'supersmart' assistant by getting the bot to use your computer for you
▼ + stars: | 2024-02-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

OpenAI wants to build a next-level personal assistant. The software is one of two AI agents the company is working on, The Information reported. AdvertisementOpenAI wants to build the ultimate personal assistant for the AI age. AdvertisementCEO Sam Altman has reportedly told some developers he wants to turn ChatGPT into a "supersmart personal assistant for work," a business move that may cause friction with partner Microsoft. Microsoft and Google have released early forms of AI agents for their respective workplace apps.

Persons: OpenAI, —, Sam Altman, Mustafa Suleyman, Suleyman Organizations: Service, Microsoft, Google, CNBC, Business

☆ Tesla owners share their tips on how to deal with extreme cold
▼ + stars: | 2024-02-04 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Read previewDriving an electric vehicle in the cold looks a lot different than driving a gas-powered car, but some Tesla owners — often among the most seasoned EV owners — say there are easy ways to avoid disaster. Last month, Tesla made headlines when dozens of EVs clogged a supercharging station in Chicago as Tesla owners struggled to charge in temperatures below zero degrees. AdvertisementInsider spoke with eight Tesla owners who shared some tips on how to own an EV during a bitter winter. Here's what Tesla owners say about how to deal with the cold. UCGOther Tesla owners say it's key to have a charger at home.

Persons: —, Tesla, Dennis Duncan, Leonard Zuga, he's, Zuga, I've, Richard Samuels, Nick Caracciolo, Caracciolo, Robbie Mack, Mack Organizations: Service, EV, Business, MediaNews, Orange, Register Locations: Chicago, Irvine , California, Washington, Ohio, Oregon, Canada

☆ Publicis just laid down the gauntlet on the ad industry by pledging to invest more than $300 million in AI
▼ + stars: | 2024-01-25 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

In an hour long video presentation, Publicis execs laid down the AI gauntlet to its competitors as Madison Avenue reckons with how AI technology will transform — and challenge — the ad business. It bought first-party data platform Epsilon in a $4.4 billion 2019 acquisition. "We're in such a fantastic position to leverage AI better than our competition," said Carla Serrano, Publicis Groupe global chief strategy officer in an interview. "There's no such thing as AI without great data and we have connected, proprietary data, and we're a platform company," she added. Publicis said it plans to invest 100 million euros, around $109 million, in building the AI platform in 2024.

Persons: Groupe, execs, Publicis, CoreAI, Sapient, Carla Serrano, Serrano, Michael Farmer Organizations: Business, Madison, reckons, Microsoft, Labs, Epsilon, WPP, Havas, Publicis Groupe, Google, Tech

☆ Tesla is planning a 24-hour diner and drive-in theater. Check out the latest image.
▼ + stars: | 2023-11-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla plans to open a futuristic diner and drive-in theater in California. AdvertisementNearly six years after Elon Musk first announced his plans for a futuristic Supercharger station, Tesla has finally broken ground on the project. Last year, Tesla submitted plans to the city of Los Angeles for a charging station equipped with a 24-hour diner and drive-in theater. By reimagining charging stations, Tesla and other electric-car makers could combat EV adoption hesitancy. To date, several Tesla charging stations already include several amenities, including lounges, vending machines, and Tesla merchandise.

Persons: Tesla, —, Elon Musk, Musk, Forbes, Tesla hasn't Organizations: Service, Elon, Santa Monica, Bloomberg, Tesla EV Locations: California, LA, Los Angeles, Hollywood, North America

☆ Be warned: Flights are getting bumpier
▼ + stars: | 2023-11-22 | by ( Michelle Mastro | ) www.businessinsider.com time to read: +9 min

Air turbulence is becoming more common and more intense. As the jet stream buckles a bit because it's not as strong as it was in the past, now you have all this energy associated with the jet stream up 30,000 feet or so. But changes to the atmosphere mean these corridors are getting bumpier, so avoiding them could result in smoother flights. But while we can get better at avoiding air turbulence, we won't be able to avoid it altogether. That's why some companies are going back to the drawing board to design airplanes that can better adjust to turbulent air.

Persons: I'd, Isabel Smith, Smith, Paul Williams, Williams, Bill Duncan, You've, John K, didn't, Duncan, Pierre Baqué, Alyson Smith, Michelle Mastro Organizations: University of Reading, Lufthansa, Northern, The Weather Company, Denver, Airbus, National Transportation Safety Locations: Denver, Indianapolis, England, Austin , Texas, Frankfurt, Germany, Washington, Rocky, Swiss, Delta

☆ A reporter drove a Rivian to 126 EV fast-chargers in LA and found out-of-order signs on dozens of them
▼ + stars: | 2023-11-16 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

A reporter with The Wall Street Journal visited over 100 non-Tesla fast-charging stations across LA. She said 27% of the 126 fast-charging stations she visited did not work for various reasons. Tesla will allow cars from other brands to use its charging stations in the next year. During his drive, he stopped at three different charging stations before he was able to find one that was compatible with his car. The move will make electric vehicle charging more widely available to EV owners and may help address range anxiety among some non-Tesla owners.

Persons: —, Joanna Stern, Stern, Axios, Dan Primack, Primack Organizations: Wall Street Journal, Service, Tesla, US, Tesla EV, Wall Street, Consumer, Ford, General Motors, Toyota, Hyundai, EV Locations: LA, Los Angeles, Boston, New York City

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

☆ Insurance companies have discovered devious new ways to rip you off
▼ + stars: | 2023-10-23 | by ( Jathan Sadowski | ) www.businessinsider.com time to read: +16 min

Unfortunately, as premiums for everything from home insurance to car insurance skyrocket, more of us are being forced to dwell on the opaque and convoluted insurance industry. AdvertisementAdvertisementTo determine that magic price tag, insurance companies drill down into the nitty-gritty details of your life. I'll go even further: To boost their own profits, insurance companies are becoming increasingly antisocial and antagonistic. To boost their own profits, insurance companies are becoming increasingly anti-social and antagonistic. The stuff of insurance is far too important to be left to the insurance industry.

Persons: Søren Holm, Duncan Minty, Kengo Sakurada, you've, Colm Holmes, —, Holmes, Inga Beale, Beale, ProPublica, Cigna Organizations: Consumers, Caliber, Insurance, Sompo Holdings, Aviva, Allianz Holdings —, of Actuaries, State Farm, Farm, New York Times, of Information Technology, Monash University Locations: London, State

The AI boom has triggered a surge in spending on data centers. The AI boom has supercharged a wave of spending on data centers. AdvertisementAdvertisementThe data center boom is set to double or triple the amount of energy consumed by these data centers. A recent Cowen research report estimated that AI data centers could require more than five times the power of traditional facilities. Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume.

Persons: —, ChatGPT, it's, Jonathan Gray, Cowen, Marc Ganzi, Shaolei Ren, Tom Keane, Keane, Bernstein, Mark Moerdler, Jahi, Matt McCollister, Pena Popo, Blackstone, Karla Moran, Moran Organizations: Service, McKinsey, Nvidia, UC Riverside, Microsoft, Washington, Getty, Lincoln Property Company, Harrison Street, Google, Meta, Amazon, Blackstone, Income Trust, QTS Realty Trust, Amazon Web Services, AP, Phoenix Locations: America, Rural America, Loudoun Meadows, Aldie , VA, Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Washington, DC, Virginia, New York City, Salt

Jobs growth for September nearly doubled expectations as nonfarm payrolls increased by 336,000 for the month, strengthening views that policymakers will need to keep interest rates elevated to cool inflation. Treasury yields move inversely to bond prices. “It’s quite a report,” said Peter Cardillo, chief market economist at Spartan Capital Securities. On the long end of the curve, 30-year yields surged above 5% hitting their highest since 2007. However, Craig Ellinger, head of Americas fixed income at UBS Asset Management, believes more rate increases could be in store.

Persons: Dado Ruvic, ”, Peter Cardillo, Jake Schurmeier, ” Alex McGrath, Tiffany Wilding, Craig Ellinger, Ellinger, Davide Barbuscia, David Randall, Saqib Iqbal Ahmed, Stephen Culp, Sruthi Shankar, Ira Iosebashvili, Chizu Nomiyama, Diane Craft Organizations: REUTERS, U.S, Treasury, Federal Reserve, Spartan Capital Securities, Harbor Capital, ADP, Fed, UBS Asset Management, Thomson Locations: Treasuries, Americas

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