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☆ CEOs from Mark Zuckerberg to Sundar Pichai explain why companies are making cuts this year
▼ + stars: | 2024-06-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

A number of Big Tech companies have laid off staff this year, including Google, Tesla, Apple, and dozens more. Ironically, companies haven't been slowing down on innovation, with many releasing a constant stream of AI updates and product launches. Mark Zuckerberg shared his theory on the first round of industry-wide layoffs in an interview with "Morning Brew Daily" in February. AdvertisementSalesforce CEO and cofounder Mark Benioff also relayed the same sentiment in a letter to employees announcing layoffs in 2023. But for the moment, tech companies don't seem to be slowing down on AI advancement.

Persons: —, Mark Zuckerberg, Jason Citron, Sundar Pichai, Mark Benioff, Zuckerberg, Emily Chang, Wayfair's cofounders, Niraj Shah, Steve Conine, Jobs, Satya Nadella, Arvind Krishna, Drew Houston Organizations: Service, Big Tech, Google, Apple, Business, Bloomberg, ARM, IBM, Dropbox Locations: Zuckerberg's

☆ 911 call logs for Tesla's HQ reveal reports of 'terroristic' threats and attempted extortion
▼ + stars: | 2024-06-26 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +14 min

"Wire $300,000 dollars to bitcoin account within 12 hours," the email to Kirkhorn added, according to the incident report. The case was ultimately suspended and no arrest was ever made, according to the incident report and Dark. AdvertisementSome Tesla workers told BI that tight production deadlines and the intensity of the work could sometimes create a high-pressure environment. We were just standing outside the building waiting to go back to work," one worker, who was there during the ordeal, told BI. The sheriff's office told local news at the time that the building was cleared and there was "nothing to substantiate the presence of a shooter at all."

Persons: —, Elon Musk, Musk, Tesla, Zachary Kirkhorn, Zachary Kirkhorn —, Austin Gigafactory, Kirkhorn, Travis, Kristen Dark, SUZANNE CORDEIRO, Austin, Joe Biden, Justin Mathew McCauley of, McCauley's, McCauley, Justin Sullivan, they'd, Apu Gomes, X, Mark Zuckerberg, Zuckerberg, Meta, Sheryl Sandberg, John Lennon Organizations: Service, Business, Securities, Exchange Commission, BI, YouTube, Tesla's, Tesla, Street Journal, Office, Musk, FOX, Austin, Factory, Getty, Elon, SEC, Meta, Twitter, BBC Locations: Austin, Travis, Texas, Nigeria, Justin Mathew McCauley of Minnesota, Minnesota, Fremont , California, Tesla's, Sparks , Nevada, Nevada

☆ Inside Elon Musk's burn book — the non-exhaustive list of billionaires he's fought with in 2024
▼ + stars: | 2024-06-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk's ire this year has extended from Mark Zuckerberg to MacKenzie Scott. The mercurial billionaire has often fired insults and traded barbs at his contemporaries on X. 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 . This story is available exclusively to Business Insider subscribers.

Persons: Elon, Mark Zuckerberg, MacKenzie Scott, Mark Cuban, —, Elon Musk, hasn't, Musk, BBC's James Clayton Organizations: Elon, Service, Business

☆ That job you're applying for might be fake
▼ + stars: | 2024-06-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how the next job you apply for might be fake . While employment is still relatively low, sitting at only 4% , the job market is also pretty stagnant. ANDREW CABALLERO-REYNOLDS/AFP via Getty ImagesEven if you find a legitimate job posting, it doesn't get much easier. Workers were also spoiled with the 2021 job market, where candidates named their prices . AdvertisementAnd a fake job posting might be a blessing in disguise.

Persons: —, Charles Schwab, MirageC, Jenny Chang, Rodriguez, Tim Paradis, it's, aren't, ANDREW CABALLERO, REYNOLDS, BI's Alexandra Bacon, Roberto Machado Noa, Tyler Le, Meta isn't, Apple, Mark Zuckerberg's, Mustafa Suleyman, execs, Suleyman, Karén Simonyan, Ricardo Tomás, Gen Z, Ashley Kostial, She's, he's, Julian Assange, Evan Gershkovich, Paris Hilton, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, America, Getty, Workers, BI Citi, Citi, showtime, Nvidia, Meta, Wall Street Journal, Apple, Bloomberg, Investors, SAP, Aetna, Wall Street, The Locations: Hulu, New York, London

☆ Mark Zuckerberg's PR team can't stop him from posting, internal texts reveal
▼ + stars: | 2024-06-25 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewIn September 2021, Mark Zuckerberg threw his PR team into a crisis situation. The story said part of the strategy involved Zuckerberg posting more lighthearted content to help rehab his image, and cited a video he had posted of himself riding a hydrofoil while holding an American flag. In those messages, you can see how the PR team agonized over Zuckerberg's desire to post a zinger about the misidentified hydrofoil. Nick Clegg, head of public policy at Meta, was also strongly against Mark posting something flippant about the hydrofoil. A warning label is a misguided idea, in my opinion, but it is a pesky public problem for Meta.

Persons: —, Mark Zuckerberg, Zuckerberg, Ryan Mac, Tucker Bounds, John Pinette, Pinette, I'm, Nick Clegg, Clegg, Meta Organizations: Service, New York Times, Business, Meta, The New York Times, Twitter, Facebook, US, MZ, Street Locations: New York, EU

☆ Efficiency helped turn Silicon Valley around. China is taking it to the extreme to do the same.
▼ + stars: | 2024-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like JD.com and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.

Persons: —, Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing

☆ Mark Zuckerberg's summer vacation look includes a $1,150 hypebeast t-shirt
▼ + stars: | 2024-06-22 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg sported a $1,150 Balmain t-shirt on vacation in Ibiza with his wife. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg — CEO, chairman, up-and-coming fashion icon? The Facebook cofounder was recently spotted sporting a $1,150 Balmain t-shirt while vacationing in Ibiza, Spain, with his wife, Pricilla Chan, People reported. This story is available exclusively to Business Insider subscribers.

Persons: Mark Zuckerberg, —, Pricilla Chan, Zuckerberg Organizations: Balmain, Service, Saks Fifth, Business Locations: Ibiza, Spain

☆ How Mark Zuckerberg’s Meta Failed Children on Safety
▼ + stars: | 2024-06-22 | by ( Natasha Singer | ) www.nytimes.com time to read: 1 min

In April 2019, David Ginsberg, a Meta executive, emailed his boss, Mark Zuckerberg, with a proposal to research and reduce loneliness and compulsive use on Instagram and Facebook. In the email, Mr. Ginsberg noted that the company faced scrutiny for its products’ impacts “especially around areas of problematic use/addiction and teens.” He asked Mr. Zuckerberg for 24 engineers, researchers and other staff, saying Instagram had a “deficit” on such issues. A week later, Susan Li, now the company’s chief financial officer, informed Mr. Ginsberg that the project was “not funded” because of staffing constraints. Adam Mosseri, Instagram’s head, ultimately declined to finance the project, too.

Persons: David Ginsberg, Mark Zuckerberg, Ginsberg, ”, Mr, Zuckerberg, Instagram, Susan Li, Adam Mosseri Organizations: Facebook

☆ This new technology for nuclear power could help fuel the AI revolution
▼ + stars: | 2024-06-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Scientists have long considered nuclear energy one of the cleanest and most reliable forms of energy production. Tech companies at the forefront of the AI revolution are also turning to nuclear energy to power their vast AI data centers. A new fuel cycle for nuclear powerTransmutex's technology destroys nuclear waste and produces new nuclear fuel. AdvertisementNuclear physicists say the company's technology avoids one of the biggest concerns with nuclear energy: that the same fuel used to power nuclear plants can also be used to manufacture atomic weapons. Oklo, a startup backed by OpenAI CEO Sam Altman, is betting on generating nuclear power through small nuclear reactors.

Persons: —, Jennifer Granholm, Franklin Servan, Schreiber, Transmutex, Cameron Porter, Andrei Afanasev, George, Afanasev, Mark Zuckerberg, Sam Altman, nicolas lieber, photographie Servan Organizations: Service, Business, US, . Tech, Steel, George Washington University's Institute for Nuclear Studies, Department of Energy, Energy Locations: Swiss, Switzerland, United States, Saudi Arabia, Transmutex, Georgia

☆ 5 tips from Mark Zuckerberg on how to run a company and manage your team
▼ + stars: | 2024-06-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been at the helm of Facebook, now Meta, since he created it in his Harvard dorm room 20 years ago. Advertisement"I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," Zuckerberg said in an internal Q&A last year. Founders, don't delegateZuckerberg said one of his "most controversial" leadership tips for business leaders is to avoid delegating responsibility. It's an abbreviated version of what is perhaps Zuckerberg's best-known saying, "Move fast and break things," a mantra from Facebook's early days.

Persons: —, Mark Zuckerberg, he's, Zuckerberg, Jeff Bezos Organizations: Service, Facebook, Harvard, Business, Meta, Forbes

☆ A surgeon general's warning on social media wouldn't be as powerful as good-old-fashioned parenting, experts say
▼ + stars: | 2024-06-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

But social media experts and researchers are mixed on just how effective such a move would be. According to one August 2022 study, almost half of all adolescents said social media makes them feel bad about their bodies. And what exactly would the warning say, North wondered, noting that social media is rarely exclusively harmful. Proactive parentingFor most kids, social media use begins at home. AdvertisementAre you a parent who has struggled with your children's social media use?

Persons: —, Vivek Murthy, Murthy, Titania Jordan, they've, Jordan, Mark Zuckerberg, Karen North, North Organizations: Service, New York Times, Business, American Medical Association, Bark Technologies, University of Southern Locations: University of Southern California

☆ Social media has gotten so bad that America's top doctor is intervening
▼ + stars: | 2024-06-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the surgeon general suggesting warning labels for social media . The big storyA solution for socialsAnna Moneymaker/Getty Images; Chesnot/Getty Images; Chelsea Jia Feng/BISocial media has gotten so bad that the country's top doctor is intervening. AdvertisementIn his piece, Murthy said social media is a key culprit of the mental health crisis young people are facing. Generative AI adds more fuel to the misinformation fire social media platforms have been battling for years. Many of them are making fast use of social media platforms like TikTok and investing heavily in AI.

Persons: —, Anna Moneymaker, Chelsea Jia Feng, Vivek Murthy, Geoff Weiss, Murthy, It's, Katie Notopoulos, isn't, Adam Kovacevich, Dan Whateley, Mark Zuckerberg, Zuckerberg, Danielle DiMartino Booth, Instagram, Larry Fink, Dave Calhoun, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, US, The New York Times, of Progress, Getty, Meta, Bank of America, AIM, Apple, Apple Watch, Adobe, Justice, Marketing's, District of Columbia, DC, Boeing Locations: China, Schonfeld, New York, London

☆ Forget Elon Musk’s record pay package from Tesla. More could be on the way.
▼ + stars: | 2024-06-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. “The chancellor found a number of defects in the process.”But Tesla shareholders also approved moving Tesla’s state of incorporation to Texas, partly in reaction to the Delaware decision. “What we recognized in 2018 and continue to recognize today is that one thing Elon most certainly does not have is unlimited time,” Tesla board chair Robyn Denholm wrote to Tesla shareholders ahead of the most recent vote. Ark Invest has a five-year target price for Tesla shares at $2,600 a share. Not everyone on that list got there through packages of stock options.

Persons: Elon Musk, Tesla, Chancellor Kathaleen McCormick, Musk, It’s, “ It’s, Samantha Crispin, Baker Botts, “, ” Musk, McCormick’s, Elon, ” Tesla, Robyn Denholm, ”, Tasha Keeney, ” Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Larry Page, Bill Gates —, Zuckerberg, McCormick Organizations: New, New York CNN, CNN, Tesla, ARK Invest, Elon, Invest, Microsoft, Apple, SpaceX, Amazon, Facebook Locations: New York, Delaware, Texas, “, Tesla

☆ Surgeon General demands warning label on social media apps
▼ + stars: | 2024-06-17 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. Teens spend nearly five hours a day on social media apps, according to a Gallup poll. Drew Angerer/Getty Images North America/Getty Images“It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents,” Murthy said. Congress has long chastised social media companies, claiming they pose harm to children. And Murthy urged parents to restrict children’s use of social media until they graduate from middle school.

Persons: Vivek Murthy, ” Murthy, Murthy, Drew Angerer, “, Mark Zuckerberg —, there’s, ”, Ron DeSantis, Kathy Hochul Organizations: CNN, New York Times, American Medical Association, Gallup, U.S, North, Capitol, Florida’s Republican Gov, New York Democratic Gov Locations: North America, America, Congress

☆ Insider Today: Meta's manager squeeze
▼ + stars: | 2024-06-16 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple announced Apple Intelligence at WWDC 2024. CEO Tim Cook unveiled Apple Intelligence, a generative AI system partly powered by ChatGPT (for now). Assuming Apple Intelligence works as intended, there will be even more reason to switch to or stay with Apple. Add it all together, and, as Linette Lopez writes, Apple may be the one Big Tech company getting AI right.

Persons: —, there's, Jimmy Donaldson, Justin Sullivan, Apple, Tim Cook, Katie Notopoulos, OpenAI, Linette Lopez, Alyssa Powell, Fitch, it's, Abercrombie, Mark Zuckerberg, Michel Shvo Patrick McMullan, Chelsea Jia Feng, Michael Shvo, Shvo, he's, Grace J, Kim, Gen Zers, There's, isn't, Z Organizations: Service, Business, Apple, Apple Intelligence, Google, Microsoft, Big Tech, Getty, Abercrombie, Fitch, GameStop Locations: cologne, New York City

☆ Photos show Mark Zuckerberg's style evolution — from hoodies to silver chains
▼ + stars: | 2024-06-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg isn't style icon by any means, but he's working on it. 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 . All eyes were on him even in his early 20s, and the public quickly noted his laid-back style that consisted mostly of gray t-shirts. This story is available exclusively to Business Insider subscribers.

Persons: Mark Zuckerberg, —, Zuckerberg — who's, Forbes Organizations: Service, Meta, Business

☆ Nvidians Reveal Jensen Huang's Leadership Style: Admit Your Mistakes
▼ + stars: | 2024-06-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

Eight current and former Nvidia employees spoke to Business Insider about Huang's leadership style and what it's like to be grilled by him. This story is available exclusively to Business Insider subscribers. AdvertisementThree former senior-level employees said Huang's leadership style is based on this focus on continuous improvement and learning from mistakes. The 'Jensen grilling'Senior-level employees often experience what some have referred to as a "Jensen grilling"— intense questioning by Huang. One employee likened Huang's grilling to an attorney's interrogation, noting that he wouldn't back down until he'd made his point.

Persons: —, Jensen Huang, Mark Zuckerberg, Taylor Swift, Huang, they've, Columbo, Hunag, Jensen, he'd Organizations: Service, rockstar, Nvidia, Business Locations: Silicon Valley, Hawaii, Bay, Japan, jyotimann

☆ Mark Zuckerberg is planning a massive 7-building compound in Lake Tahoe: report
▼ + stars: | 2024-06-14 | by ( Jordan Pandy | Alcynna Lloyd | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg is planning a 75,000-square-foot compound in Lake Tahoe, news site SFGate reported. The compound will include a bunkhouse, a guesthouse, and a gym, per documents seen by SFGate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor years, people have been wondering what Mark Zuckerberg is up to in Lake Tahoe. The Meta CEO plans to build a 75,000-square-foot, seven-building compound on the lake's western shore, according to planning documents seen by California news site SFGate.

Persons: Mark Zuckerberg, —, Zuckerberg, Robert Quist Organizations: Service Locations: Lake Tahoe, California

☆ 'Win-win-win': Three-day hybrid work week is a success, largest study to date published in Nature says
▼ + stars: | 2024-06-14 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +6 min

The three-day in-office hybrid work schedule is a "win-win-win," according to a study published in the prestigious science journal Nature. Non-manager attrition for hybrid employees had a 2.4% rate, a one-third reduction from the control group of 7.2%. When managers measured employees in nine categories of performance, execution and results, hybrid employees succeeded at the same rate. By the end of the experiment, managers positively viewed hybrid work as a potential asset to the company rather than a detriment to productivity. From an economic policymaking standpoint, hybrid work is one of the few instances where there aren't major trade-offs with clear winners and clear losers.

Persons: Nick Bloom, Bloom, Ruobing Han, James Liang, Trip.com, JPMorgan Chase, Jamie Dimon, Mark Zuckerberg Organizations: Stanford's Institute for Economic, Boeing, UPS, Nike, JPMorgan, University of Pittsburgh Locations: Shanghai, U.S

☆ Elon Musk's payday drama comes to a head today
▼ + stars: | 2024-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .

Persons: —, Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London

☆ Elon Musk sure seems to be following Donald Trump's playbook
▼ + stars: | 2024-06-13 | by ( Aditi Bharade | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco

☆ Larry Ellison is $19 billion richer after Oracle shares rally the most since 2021
▼ + stars: | 2024-06-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. Oracle Chairman Larry Ellison is almost $19 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, lifting the stock to its sharpest rally since 2021. Ellison owns about 1.15 billion Oracle shares, equal to around 42% of the company's outstanding stock. Oracle shares soared 13% on Wednesday to a record $140.38, their best day since Dec. 10, 2021. Oracle said its database will become available on Google's public cloud and that OpenAI will be able to use Microsoft's cloud-based AI tools atop Oracle's cloud infrastructure.

Persons: Larry Ellison, Ellison, Mark Zuckerberg, Bernstein, Elon Musk, Skydance, David Ellison Organizations: Oracle Corp, Oracle, Forbes, Bank of America, Barclays, JPMorgan, UBS, Street Journal, Indian Wells Tennis Garden, Tesla, Paramount Global Locations: San Francisco, California , Florida, Lanai, California

☆ How to Save Tech Industry: Fire Managers, Put Tech People in Charge
▼ + stars: | 2024-06-11 | by ( Ed Zitron | ) www.businessinsider.com time to read: +11 min

This disastrous mindset has hollowed out Silicon Valley's ability to innovate and caused regular people to grow increasingly frustrated with everyday tech. The large platforms have generally ignored this feedback for one big reason: The tech industry has been taken over by career managers. Now Google Search is more profitable and worse, elevating spammy content and outright scams, a problem exacerbated by artificial intelligence. AdvertisementBut today's tech products feel built to sell a dream of the future rather than solve a customer's existing pains. As long as the tech industry is controlled by people who don't build things, it will continue to build products that help raise growth metrics rather than help consumers with tangible problems.

Persons: scammers hawking, Meta's, Hewlett Packard, Kevin Systrom, Mike Krieger, Adam Mosseri, Systrom, Krieger, Mosseri, Mark Zuckerberg, Instagram, Kylie Jenner, Kim Kardashian, Sundar Pichai, Prabhakar Raghavan, Raghavan, Ben Gomes, Gomes, it's, Sam Altman, Helen Toner, Ilya Sutskever, Larry Summers, Fidji Simo, Meta —, —, Steve Jobs, Steve Wozniak Organizations: Facebook, Google, Microsoft, Amazon, Oracle, Adobe, Meta, Builders, Apple, Xerox, HP, Department, Reuters Institute, Oxford University, Silicon Valley Locations: Silicon, Silicon Valley

☆ These stocks should be the cornerstone of an AI portfolio, according to Evercore ISI
▼ + stars: | 2024-06-10 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A group of stocks are at the helm of the artificial intelligence revolution — and they are worth buying and holding for the long run, according to Evercore ISI. To compile this list, Evercore scanned the Russell 1000 for companies whose executives mentioned AI on call transcripts in 2023 more frequently compared to their peers. Also on Evercore's list is Google parent company Alphabet , which notched 169 AI mentions last year. The company's suite of AI products include its own large language model, Gemini, and Vertex AI, which targets enterprise companies. "Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation."

Persons: Julian Emanuel, Russell, Emanuel, Evercore, Rubin, Wall, Mark Zuckerberg, Meta, Sundar Pichai Organizations: ISI, Nvidia, Meta

☆ How to behave as a superyacht guest
▼ + stars: | 2024-06-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +8 min

Meantime, Giorgio Armani held a party on his yacht for the likes of Sydney Sweeney and Kerry Washington. Being a guest on a superyacht is probably the best kind of guest to be — but the etiquette aboard the multimillion-dollar vessels comes with its own idiosyncrasies. The very few who need to know them — there are only about 5,800 yachts longer than 30 meters at sea, according to SuperYacht Times — already know them. The price to charter Triumph, a 65-meter superyacht, starts at $650,000 a week. According to the industry standard, owning a superyacht will cost 10% of its new-build price annually.

Persons: —, Mark Zuckerberg, Jeff Bezos, Barry Diller, Bezos, Koru, Bill Gates, Ari Emanuel, Leonardo DiCaprio, Eos, Diane von Furstenberg, Candice Bergen, Emma Thompson, Jason Blum, Giorgio Armani, Sydney Sweeney, Kerry Washington, they're, Rich, Fraser, he'd, Superyachts Organizations: Service, Business, SuperYacht, Palm, Breed Media, Fraser Yachts, Lamborghini Locations: superyachts, Aden

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