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Between 2020 and 2021, he became one of the key internet personas who encouraged an army of day traders to heavily invest in GameStop, kicking off the "meme stock" frenzy. And in 2024, it appears that meme stocks are rallying again. Short sellers are individual investors or hedge funds who believe a certain stock's price will decline. If the stock price doesn't fall the way the short sellers anticipated, they can lose money, as happened with GameStop. Investors should also be wary of chasing meme stocks with the expectation of earning a profit.
Persons: Keith Gill, he's, Gill isn't Organizations: GameStop
The AI company basically planted a flag in the sand emblazoned with two words aimed at its Big Tech rivals: your move. The newest version of the AI chatbot, powered by OpenAI's new flagship AI model GPT-4o, can reason across audio, vision, and text in real time. AdvertisementAll the while, the voice assistant maintained a lighthearted and cheerful tone. In another instance, ChatGPT said the researcher was making it blush when he said he was talking about how "useful and amazing" ChatGPT was. Meanwhile, Amazon had plans to release an "Alexa Plus" paid version of the voice assistant that's powered by generative AI, Business Insider's Eugene Kim first reported.
Persons: , Sam Altman, Mira Murati, Scarlett Johansson, Spike, Mark, ChatGPT, OpenAI, Alexa, Apple's Siri, Siri, There's, Insider's Eugene Kim Organizations: Service, Big Tech, Business, Warner Bros, Google, Apple, Amazon Locations: ChatGPT
That's because, taken together, the two primary Social Security funds are set to only be able to pay out full benefits through 2035; the Old-Age and Survivors Insurance Trust Fund, one of the main funds comprising Social Security, will start getting depleted in 2033. AdvertisementIn other words, the moment that today's older Gen Xers are ready to retire, their Social Security benefits could start to shrink. Gen Xers — born from 1965 to 1980 — have been deemed the country's "neglected middle child" by the Pew Research Center. And among the different generations, Gen Xers were the most likely to report that they were feeling financially insecure. That could set the stage for the new crop of Gen X retirees to arrive in an already-precarious retirement economy.
Persons: , Gen X, Xers, Gen Xers —, YouGov —, Gen Xers, X, Gen Zers, Gen, Michele Raneri, aren't, Xer Organizations: Service, Gen, Social Security, Insurance Trust Fund, Business, Security, Pew Research Center, of Congress, Millennials, TransUnion, Survey, Alliance, Lifetime, Income
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
Elon Musk revealed that SpaceX "basically uses no AI." "I mean, oddly enough, one of the areas where there's almost no AI used is space exploration," Musk replied. "So SpaceX uses basically no AI, Starlink does not use AI. At X, Musk integrated his AI chatbot Grok — similar to ChatGPT — into the social media platform. Musk also considered using AI to help summarize news on the site.
Persons: Elon Musk, hasn't, , Elon, Musk, Michael Milken, I'm, he's, electrochemistry, Geoff Hinton Organizations: SpaceX, Service, Milken Institute Global, Musk, Milken Institute, Business
The growing scandal is drawing some comparisons on the right to George Santos. AdvertisementRep. Henry Cuellar is in the midst of a growing bribery scandal involving Azerbaijan and a Mexican bank. Cuellar is the third sitting lawmaker to be indicted this Congress, following former Republican Rep. George Santos of New York and Democratic Sen. Bob Menendez of New York. AdvertisementThe George Santos comparisonIt's only been a few days, but so far, Democrats have largely held off on calling for Cuellar to resign. Former Rep. George Santos at the State of the Union in March.
Persons: Henry Cuellar, George Santos, , Cuellar, Democratic Sen, Bob Menendez, Santos, Cuellar's, Jessica Cisneros, Alexandria Ocasio, Cortez, Bernie Sanders, That's, Hakeem Jeffries, Matt McClain, Getty Images Santos, don't, Donald Trump, Joe Biden Organizations: Democratic, Service, Justice, Texas Democrat, Republican Rep, George Santos of New, New, State Oil Company, Banco Azteca, Democrat, National Rifle Association, Rep, FBI, Republicans, State, Union, Washington, Getty Images, Botox Locations: Henry Cuellar of Texas, Azerbaijan, Mexican, George Santos of, George Santos of New York, New York, Texas, Azerbaijan Republic, Alexandria
In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.
Persons: , Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago
That entrepreneurial, technology-focused spirit has driven Underwood to an illustrious career at some of the industry's biggest companies, including Google, X, Slack, and Intel. As she built products at these tech giants, Underwood quietly invested in over 50 startups, including the genetics-testing unicorn Color and the cap-table giant Carta. Underwood began investing while at X, then called Twitter, where she was the company's director of product. Shortly after, #Angels was born, the investment collective cofounded by Underwood, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, and Vijaya Gadde. Since 2015, the group has backed over 100 startups, including Forward, Clubhouse, Instacart, Material Security, and Airtable.
Persons: Underwood, she'd, Slack, Jessica Verrilli, who'd, Stewart Butterfield, Cal Henderson, Ev Williams, Jack Dorsey, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, Vijaya Gadde, you've, I've, they've Organizations: Amarillo College, Business, Google, Intel, GV, Cue, Twitter, Health, Security, Slack Locations: Amarillo , Texas, Amarillo, Termina, San Francisco
Nick Fuentes, a far-right commentator, is set to return to X.Elon Musk bought X in 2022, promoting free speech absolutism. The Anti-Defamation League describes Fuentes as a white supremacist , anti-semite , and 2020 election-denier "who seeks to forge a white nationalist alternative to the mainstream GOP." When Elon Musk bought X for $44 billion in October 2022, he set out to defend free speech absolutism on the platform. Nick Fuentes' flirting with hate-speech has meant he has had a rocky relationship with X and Twitter before it. Business Insider's Katherine Tangalakis-Lippert reported that despite Musk identifying as a "free speech absolutist," the same embrace of free speech does not extend to his critics.
Persons: Nick Fuentes, Elon Musk, Musk, , Elon, Jim Crow, Fuentes, Hitler, Donald Trump, Jordan Peterson, Andrew Tate, GMwHmInPAS — Elon, Katherine Tangalakis Organizations: Service, Defamation League, GOP, Elon, Kanye, Twitter Locations: Virginia, Israel
For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.
Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain
Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.
Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, , Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, , ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo
Tesla cut car prices in the US, China, and Europe after sales fell. AdvertisementTesla lowered prices for most of its US cars, cutting the costs for the Model Y, X, and S by $2,000, Reuters reported. Related storiesIn the US, the cheapest Model Y and the Model X — both SUVs — are being offered at their lowest prices. The best-selling Model Y now starts at $42,990, per Tesla's website. "Tesla prices must change frequently in order to match production with demand," CEO Elon Musk wrote on X on Sunday.
Persons: Tesla, Cybertruck, , Elon Musk, Musk, Narendra Modi, He's Organizations: Service, Reuters Locations: US, China, Europe, India, Delaware
AdvertisementElon Musk has postponed his trip to India amid the ongoing chaos at Tesla. The Tesla CEO was expected to visit India early next week to meet with Prime Minister Narendra Modi. Musk wants to build a new factory in India, where the EV market is tiny but gaining steam, thet outlet reported. BI reported in early April that Musk's Tesla has struggled to compete in China's EV market as rival companies make "aggressive price cuts." Musk wrote on X that Tesla was unaware of any "injuries or accidents" related to the problem.
Persons: Elon, Tesla, Cybertruck, , Elon Musk, Narendra Modi, Musk, Antonio Masiello, Musk's Tesla, Justin Sullivan Organizations: Service, Getty, Reuters, EV, Business Locations: India, China
The US military won't say who won the dogfight between an AI-controlled F-16 and a human fighter pilot. Back in 2020, AI smoked a seasoned Air Force F-16 pilot 5-0 in simulated dogfights. The AI-controlled fighter jet, called the X-62A Variable Stability In-flight Simulator Test Aircraft, is a modified version of an F-16. Back in August 2020, AI won a simulated dogfight against a human operator 5-0. #AI successfully pilots fighter jet ✈️.#ICYMI @deptofdefense artificial intelligence agents successfully pilot a fighter jet making AI history!
Persons: they'd, , Ryan Hefron, James Valpiani, Luke, Hefron, Valpiani, @officialafmc, hsfgaw0kVx —, we've Organizations: Air Force, Service, DARPA, Edwards Air Force Base, US Defense, Research Projects Agency, US Air Force, Falcons, 62nd Fighter Squadron, Luke Air Force Base, Key West, US Navy, hsfgaw0kVx — Edwards Air Force Base Locations: California, Ariz, Florida, Fla, @afresearchlab, @EdwardsAFB
Related storiesHere's the true story of "Baby Reindeer," and what we know about the real Scott. Gadd knew he had an interesting story to tell when Scott was stalking himRichard Gadd as Donny Dunn and Jessica Gunning as Martha Scott in "Baby Reindeer." pic.twitter.com/7jKVplc5vX — Netflix (@netflix) April 13, 2024Gadd told Netflix's Tudum that he knew he had a good story to tell, even while being stalked. Jessica Gunning as Martha Scott in "Baby Reindeer." It's unclear if this also happened in real life, but Gadd told The Times that the situation is over.
Persons: , Richard Gadd, Donny Dunn, It's, Martha Scott, Gadd hasn't, Donny, I'd, Scott, Gadd, Jessica Gunning, Ed Miller, didn't, " Gadd, That's, Netflix's, Dunn Organizations: Service, Netflix, Edinburgh Fringe, Business, Independent, Times Locations: Edinburgh
Related storiesTesla's Full Self-Driving software beta, or FSD, is currently classified as "level two" in an industry standard that goes up to six. Musk has also talked up the value of a more affordable TeslaMusk has also touted the importance of a cheaper Tesla model for years. "This has always been our dream, from the beginning of the company," Musk said during Tesla's "Battery Day" presentation in 2020. As the lack of low-cost options turns some customers off from making the switch to EV vehicles, Tesla has experienced decreased demand. With the ongoing issues surrounding Tesla's margins and demand, the analysts said Musk needs to "regain confidence in the eyes of the Street."
Persons: , Elon Musk, Tesla, Musk, It's, Apple, Didi, Martin Eberhard, Eberhard Organizations: Service, Business, Reuters, Teslas, Baidu, Tesla, Tesla's Locations: Los Angeles, Bay, California, China
Tesla's stock is down over 10% in the last year, and Elon Musk's net worth has also fallen. Lately, social media platform X has begun to look more like regular old Twitter. With his social media venture, X, that seems to mean returning to the app to the pre-Musk days of plain old Twitter. Musk and representatives for Tesla and X did not respond to requests for comment from Business Insider. "Honestly, the best thing that Twitter can do to regain its position is to sideline Musk.
Persons: Tesla, Musk, , Elon, Gabor Cselle, CNN's Oliver Darcy, David Camp, Metaforce, Camp, X, Cselle, Ed Zitron, Kim Kardashian, Jay, Zitron, Linda Yaccarino, Yaccarino, he's Organizations: Elon, Service, Twitter, NBC News, Variety, Business, Camp Locations: China, Texas
The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.
Persons: , giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI
The answer, believe it or not, is yes. It is the account of Dan Wuori, an education policy consultant, who posts videos of babies and toddlers figuring out the world, often with parents as loving coaches. Mr. Wuori provides the color commentary, explaining key concepts in child development. “Listen to the way he describes each,” Mr. Wuori points out. And to the warm and happy tone he uses as she looks on adoringly.”
Persons: Dan Wuori, Wuori, Mr, Organizations: Twitter Locations:
This eleventh-hour effort to push back Trump's April 15 trial date is the latest of a half-dozen such requests since August. Bad polls, bad pressManhattan is not Trump country, the defense delay motion notes. AdvertisementPollsters surveyed a sample of 400 Manhattan residents, the delay motion says. Trump's motion implies that those sources were, or involved, Bragg, ignoring that the stories could have been sourced through multiple other individuals, including court staff, witnesses, and attorneys for witnesses. Advertisement"President Trump cannot get a fair trial in Manhattan County right now," the delay motion concludes, asking for unspecified adjournment "until prejudicial press coverage abates."
Persons: , Donald, Trump's, Juan Merchan, It's, Trump, They've, pollsters, Michael Cohen, Cohen, Donald von shitsinpants, Donald Van, Donald Trump's, Says, Donald Trump, Eduardo Munoz, Stormy Daniels, Daniels, Stephanie Clifford, She's, Peacock, Norm, DONALD J, Matthew Colangelo, Colangelo, Juan Merchan AP, Seth Wenig, Merchan, Bob Moore, Jeb Bush's, Alvin Bragg Craig Ruttle, Attorney Alvin Bragg, Allen Weisselberg, Bragg Organizations: Service, New, Business, GOP, Defense, Moore Information Group, York County Clerk's, Trump fixer, Twitter, New York County Clerk's, FBI, REUTERS, Trump, Prosecutors, Moore, National Republican Senatorial Committee, Manhattan, Attorney, Trump Organization Locations: Manhattan, York County, New York County, New York City, U.S, Trump, Manhattan County
CNN —A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. Breyer held that the reports were “unquestionably” protected by the group’s free speech rights. Now, that decision could embolden other research groups and Musk critics who have faced legal threats from the billionaire. Researchers face hurdles to studying on-platform behaviorResearchers from non-profits and academic institutions have had a harder time studying X since Musk’s takeover in 2022. But one of Musk’s first changes at X was to put access to platform data behind a steep paywall.
Persons: reprimanding Elon Musk’s, Charles Breyer, Breyer, CCDH, X, Northern District of California —, Musk, White, Elon, , Alex Abdo, ” Abdo, Angelo Carusone, Carusone, Andrew Bailey, , ” Carusone, David Karpf, ” Karpf, Nora Benavidez, Benavidez Organizations: CNN, Center, Court, Northern, Northern District of, Columbia University, “ Society, Twitter, Anti, Defamation League, Microsoft, Meta, Media, AGs, School of Media, Public Affairs, George Washington University, ” Free Press, Free Press Locations: Northern District, Northern District of California, Texas, Missouri
CNN —Elon Musk is showing the world how radicalized he has become. To those not fluent in the intricacies of right-wing media, some of what Musk said may have sounded bizarre or even foreign. But in the right-wing fever swamps, where Musk is now deeply entrenched, these are the issues that animate the masses. Once upon a time, Musk welcomed having a media personality like Lemon on the X platform. Unfortunately for the rest of the world, Musk is hell bent on taking everyone else down there with him.
Persons: CNN — Elon Musk, Don Lemon, Musk, , Joe, Donald Trump’s, Zoë Schiffer, Casey Newton, Lemon, , ” Lemon, Jason Sheeler Organizations: CNN, Biden, Pravda, SpaceX Locations: America, “ America
Read previewStephen Colbert mocked Elon Musk reportedly bristling at the interview questions that Don Lemon said led to the end of his partnership deal with X. The late-night host posted a video about "the Elon interview of Elon" that includes a parody clip of Musk interviewing himself. The clip depicts the parody Elon Musk sitting across from himself asking softball questions. Advertisement"Coming soon to X, Elon Musk sits down with the only person on the platform that can be trusted with free speech: Elon Musk," a narrator says. AdvertisementLemon's interview with Musk is still set to premiere as part of the "The Don Lemon Show" on Monday.
Persons: , Stephen Colbert, Elon Musk, Don Lemon, Elon, Lemon, Elon Musk's, Colbert, Tesla, he'd, X, Musk Organizations: Service, Business, CNN, Trump
The court ruled unanimously that officials can be deemed "state actors" when making use of social media and can therefore face litigation if they block or mute a member of the public. The court held that conduct on social media can be viewed as a state action when the official in question "possessed actual authority to speak on the state's behalf" and "purported to exercise that authority." While the officials in both cases have low profiles, the ruling will apply to all public officials who use social media to engage with the public. The cases raised the question of whether public officials' posts and other social media activity constitute part of their governmental functions. The court is wrestling with a whole series of social media-related free speech issues in its current term, which runs until June.
Persons: WASHINGTON —, Donald Trump's, Amy Coney Barrett, , Barrett, Trump, Elon Musk, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, O'Connor, Christopher Garnier, James Freed, Kevin Lindke, Freed Organizations: Twitter, Poway Unified School District, of, Circuit, Southern District of, Port, U.S Locations: Southern California, Michigan, California, San Francisco, Southern District, Southern District of California, Port Huron City
Once she started making money, she realized she could sell the technology to other bloggers, who could benefit similarly. Since launching, LTK has helped online creators earn at least $2.7 billion in payouts from retailers, according to the company. CNBC Make It: Can you describe the process of turning your fashion blog into an online business? That's going to just be this huge hole and pit in my life." I basically asked them to pay me a commission for the online sales that I was driving, and that's when the business really took off.
Persons: Amber Venz, She's, She'd, she'd, Baxter, they're, LTK, didn't, Porter, it's, It's, Organizations: CNBC, Dallas Morning, aha Locations: Dallas
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