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☆ Shopify COO says in leaked memo that the Shopify Plus brand has 'outlived its usefulness' and will no longer be used
▼ + stars: | 2024-05-30 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Read previewShopify plans to stop referring to its Shopify Plus offering as a stand-alone brand, according to an internal post viewed by Business Insider. By deprecating the Shopify Plus brand, Shopify could be signaling that it no longer needs or wants to differentiate between its various customer segments. To make this obvious, we started a product line called Shopify Plus and built entire marketing campaigns around the Shopify Plus brand. We built Plus brand as a counter-position to the Shopify brand. Shopify Plus will have all the same brand equity as Shopify Advanced or Shopify Basic.

Persons: —, Kaz Nejatian, Nejatian, Harley Finkelstein, Shopify, Bobby Morrison, Adrianna Burrows Organizations: Service, Business, Shopify, Manhattan Associates Locations: Shopify's, mstone@businessinsider.com

☆ These AI plays are still cheap even after this year's incredible Nvidia-driven bull run
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

That said, there are still some opportunities to buy AI stocks on the cheap. The stock's current forward price-to-earnings multiple at 20.1 is only slightly below its five-year average of 21.20. It is also cheap — the stock's current forward price-to-earnings multiple at 150.08 is significantly below its five-year average of 761.17. The stock is also trading at a discount to its five-year average, with a forward price-to-earnings ratio of 16. Other favored AI plays that meet the aforementioned criteria include Equinix , Adobe and Western Digital Corp .

Persons: Wall, Morgan Stanley, Snowflake, Tyler Radke, Joseph Moore, FactSet Organizations: Nvidia, Nasdaq, Dow Jones, CNBC Pro, Meta, Facebook, Citi Research, Micron Technology, Micron, Adobe, Western Digital Corp

☆ There's new evidence that creators are turning away from AI
▼ + stars: | 2024-05-23 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +3 min

Read previewArtificial intelligence took the creator world by storm, but it looks like fewer creators are now buying into the hype. Earlier this month, the Swedish-based music company Epidemic Sound published a report finding that fewer social-media personalities were using AI tools like chatbots or transcription software in 2024 compared to the previous year. For example, creator Noah Jennings said using AI to generate content designs was actually more time-consuming than coming up with the ideas himself. Others, like lifestyle creator Joseph Arujo, had relegated using tools like ChatGPT for administrative tasks like formatting emails for corresponding with brands rather than creative work. Other creators had stopped using AI altogether for reasons like a lack of inclusivity.

Persons: —, Noah Jennings, Joseph Arujo, Sora, Alex Piper, Kahlil Greene, we'll Organizations: Service, Business, Sound, Adobe, Night Studios, it's Locations: Swedish

☆ Why OpenAI should fear a Scarlett Johansson lawsuit
▼ + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

“It doesn’t matter if OpenAI used any of Scarlett Johansson’s actual voice samples,” Li posted on Threads. Here, Johansson could accuse OpenAI of illegally monetizing who she is by essentially fooling users into thinking she had voiced Sky. But there’s substantial case law — and one very inconvenient fact for OpenAI — undercutting that defense, legal experts say. According to Johansson, OpenAI approached her to perform as Sky; Johansson declined. While California’s publicity law protects all individuals, some state statutes only protect famous people, and not all states have such legislation on the books.

Persons: Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, OpenAI didn’t, demoed, Tiffany Li, Scarlett Johansson’s, ” Li, monetizing, John Bergmayer, “, ”, —, Bette Midler, Midler, Tom Waits, Waits, …, James Grimmelmann, Scarlett Johansson ”, Altman, Sky’s, Johansson ”, Samantha, ‘, ” Grimmelmann, Joel Saget, ” Bergmayer, Dana Rao, Adobe’s, we’re, Jennifer Rothman, ” Rothman Organizations: Washington CNN, University of San, Public, Ford Motor Company, Appeals, Circuit, Frito, Cornell University, Getty, Adobe, FAIR, University of Pennsylvania Locations: University of San Francisco, California, Midler’s, Paris, AFP

☆ Rio Vista, Texas: He’s one of the last surviving participants in a US program some described as ‘legalized slavery’
▼ + stars: | 2024-05-21 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +11 min

This time, officials were unveiling plaques designating the former Rio Vista Bracero Reception Center in Socorro, Texas, as a National Historic Landmark. While the bracero program provided a legal pathway for guest workers, crackdowns on illegal immigration were also common during that period. Why Rio Vista is so significant – and rareThe Rio Vista site, a key hub for the program, is about a 30-minute drive from El Paso, Texas. Before its role in the bracero program, the area known as Rio Vista Farm was a poor farm and an orphanage. All of this went through Corral’s mind as he revisited Rio Vista on May 11.

Persons: Sebastian Corral’s, they’d, “, you’d, ” Corral, Lee G, Williams, Yolanda Chávez Leyva, it’s, ” Leyva, Sebastian Corral, ”, Leyva, who’s, Blanca McCreary, ” McCreary, Department of Homeland Security Leyva, Corral, —, Sehila Mota Casper, They’ve, ” Mota Casper, Kip Malone, Mota Casper, ” Victor Reta, he’s, he’d, Maria, He’d, Reagan Organizations: CNN, Corral, Historic Landmark, Mexican Farm Worker, Library, Department of Homeland, Dallas Morning News, Department of Labor, University of Texas, Rio Vista, ” Patrol, National Trust for Historic Preservation, US Public Health Service, Heritage, ” Locations: Vado , New Mexico, America, Rio, Socorro , Texas, Mexico, Hidalgo , Texas, El Paso, Rio Vista, El Paso , Texas, South Texas, Socorro, Leyva, United States, Delicias, New Mexico, ”, New Mexico , Colorado , Wyoming, Texas, Mexican, Los Angeles, California

☆ 102-year-old still works 3 days a week at the resort she co-founded in 1940: Her best advice for a long, happy career
▼ + stars: | 2024-05-21 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

"He called me and I said, 'Well, I guess we're gonna be in Mexico,'" Szekely says. My husband was due to go to England, and when we married, we were going to England," Szekely tells CNBC Make It. Deborah Szekely is 102 years old and works three days a week at the fitness resort and spa that she co-founded with her then-husband in 1940. Now, Rancho La Puerta is led by the Szekely's daughter, Sarah Livia Brightwood, who is the resort's president, but Deborah is still heavily involved in the resort's operations. I meet with the presenters [every] Tuesday, so I know what my guests are talking about," Szekely tells CNBC Make It.

Persons: Szekely, Edmond's, Deborah Szekely, Deborah, Sarah Livia Brightwood, Centenarians Organizations: CNBC, Rancho, Puerta, Rancho La Puerta Locations: Mexico, Edmond, England, Szekely's, North America, San Diego

☆ CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out
▼ + stars: | 2024-05-17 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow breaks through 40,000 barrierThe Dow Jones Industrial Average briefly passed the 40,000 mark for the first time before ending lower. The S&P 500 and Nasdaq also hit record highs but ended the session in negative territory. The Dow has climbed nearly 6% in 2024, while the Nasdaq and S&P 500 are up 11% each. [PRO] New S&P 500 targetsWall Street's recent record highs have prompted market analysts to revise their S&P 500 year-end price targets.

Persons: Dow, John David Rainey, We've, Armour, Armour's, Kleiner Perkins, Bob Pisani Organizations: CNBC, Dow Jones Industrial, Nasdaq, Walmart, GameStop, AMC Locations: North America, Sequoia

Dylan Field, co-founder and CEO of Figma, speaks at the startup's Config conference in San Francisco on May 10, 2022. Figma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion. That's up 25% from the valuation at which the company fundraised in 2021, but below the $20 billion acquisition offer Adobe made in 2022. Adobe and Figma called off the planned acquisition in December following regulatory scrutiny. In December, a regulatory filing said Adobe would pay Figma a $1 billion breakup fee.

Persons: Dylan Field, Kleiner Perkins, Salesforce, Figma, Morgan, CNBC's Jordan Novet Organizations: Figma, Adobe, Microsoft, Google, Oracle Locations: San Francisco, Sequoia

☆ David Tepper's Appaloosa is betting big on Chinese tech stocks
▼ + stars: | 2024-05-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Billionaire investor David Tepper's hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa Management's quarterly report on Wednesday showed that Alibaba is now its top holding after buying several hundred million dollars worth of shares. The fund also revealed that it holds put options against Microsoft , which could indicate more selling in the second quarter. Outside of technology, Appaloosa exited a small position in hospital stock HCA Holdings and added a small position in Boeing . Chinese tech stocks have been trending higher, however, with the KWEB up 19% in the second quarter.

Persons: David Tepper's, Tepper Organizations: PDD Holdings, Baidu, Adobe, iShares FTSE, CSI China Internet, Microsoft, Holdings, Boeing, Quarterly, Carolina Panthers Locations: ., iShares FTSE China

☆ These are the top 50 best-led companies, according to employee reviews
▼ + stars: | 2024-05-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Employee opinion of senior leadership is a crucial attraction and retention factor. A new Glassdoor ranking identifies the 50 best-led companies, according to employee reviews. AdvertisementRecent years have seen a renewed spotlight on company leadership and management, owing to everything from mass layoffs in various industries amid cost-cutting to return-to-office mandates to pullbacks from ESG efforts. Employee sentiment toward senior leadership is a big factor in attracting and retaining talent. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Bain & Company, Nvidia, AMD, Adobe, Microsoft, Service, Business

☆ Meet the group preparing for a Soviet Union-type collapse of the US economy
▼ + stars: | 2024-05-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.

Persons: —, Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago

☆ Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans
▼ + stars: | 2024-05-10 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

First-class travel has exhibited special strength, though management noted that can be tied in part to a resurgence of business trips. People taking these loans are more likely to be lower-income with no more than a high school diploma, Lanier said. Daniel Acker | Bloomberg | Getty ImagesFrozen food maker Tyson Foods has seen consumers shifting more to eating at home than the quick-service restaurants it supplies. It's also important to remember that lower-income Americans were feeling financial pressures before the pandemic, said Tyler Schipper, an associate professor of economics at the University of St. Thomas in Minnesota. Airbnb touted interest in travel to events like the Paris Olympics and the European Cup in Germany this summer.

Persons: there's, It's, Christophe Le Caillec, underscoring, Blair Lanier, Lanier, McDonald's, Tyson, Daniel Acker, Tyson Foods, Stanley Black, Decker, Jane Fraser, CNBC's Sara Eisen, Fraser, Nancy Lazar, Piper Sandler, Tyler Schipper, Thomas, Schipper, Eric Thayer, We've, Cliff Pemble Organizations: TSN, American Express, Federal Reserve, CNBC, People, University of Michigan, San Francisco Federal Reserve, U.S, PepsiCo, Bloomberg, Getty, Tyson, Management, Adobe Analytics, Furniture, Citigroup, University of St, Airlines, Delta Air Lines, JetBlue Airways, Caribbean . Booking Holdings, Paris Olympics, European, Ticketmaster, Cedar Fair, Flags, Wayfair, Garmin Locations: America, U.S, Minnesota, New York, Germany, Valencia , California

☆ Could your buy now, pay later loans affect your credit score? Here's what you need to know
▼ + stars: | 2024-05-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

But there's one place they're notable absent: your credit report. Earlier this year, Apple became the first major BNPL provider to start reporting all user account information to a credit reporting agency. Providers including AfterPay, Affirm and Klarna already report some loans to the credit bureaus and experts say more are likely to follow, paving the way for a consumer's BNPL history to factor into their credit history and ultimately their credit score. (One of the main aspects of a credit score comes down to your history of paying bills on time.) When BNPL credit reporting could sting

Persons: Klarna, Liz Pagel, BNPL, Wells, Tim Quinlan, Ethan Dornhelm, TransUnion's, Silvio Tavares, Tavares, Pagel Organizations: Apple, Adobe Analytics, CNBC, Finance Locations: TransUnion, Wells Fargo

☆ TikTok begins automatically labeling AI-generated content
▼ + stars: | 2024-05-09 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

TikTok is starting to automatically label videos and images made with artificial intelligence, the company said on Thursday. AI-generated content on the app will now be tagged with "Content Credentials," a digital watermarking technology from the Coalition for Content Provenance and Authenticity, TikTok said in a press release. "Content Credentials attach metadata to content, which we can use to instantly recognize and label [AI-generated content]," TikTok said. TikTok already labels content made with its in-app AI effects and requires creators to label any content they produce containing realistic AI. This latest move will expand automatic labeling to AI-generated content uploaded from other platforms.

Persons: TikTok, OpenAI, Joe Biden Organizations: Coalition, Adobe, Microsoft, Meta, Google, U.S . Locations: U.S, Culver City , California

☆ More Americans are feeling a six-figure salary can't afford them a middle-class lifestyle
▼ + stars: | 2024-05-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

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

☆ Interest rates staying where they are is a forgone conclusion, but the Fed's decision day still matters
▼ + stars: | 2024-05-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, what another delay to interest rate cuts means for a market banking on them. The big storyThe waiting game continuesChip Somodevilla/Getty Images; BISpoiler alert: The Federal Reserve won't be lowering interest rates today. The official announcement won't come until this afternoon, but interest rates staying where they are is a forgone conclusion. The CME FedWatch Tool, which calculates the probability of the Fed's decision based on interest rate traders, has the odds of rates staying untouched at 97.5%.) Talk of cutting interest rates has been going on for the better part of a year.

Persons: —, it's, doesn't, We'll, Chip Somodevilla, Jerome Powell, Matt Rourke, Sarah Silbiger, Alyssa Powell, CME's, aren't, Powell, Erin Schaff, Paul Krugman, Donald Trump's, Krugman, Trump, Marko Kolanovic, Rebecca Zisser, Instagram, Changpeng Zhao, Binance, Amazon, Emma Tucker's, Steve Bannon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Stagecoach, Trump, Tech, Investors, Bloomberg, Getty, The New York Times, Hunterbrook, JPMorgan, Adobe, Wall Street Journal, Staff, eBay, Pfizer, Google Locations: stagflation, New York, London

☆ After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
▼ + stars: | 2024-05-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."

Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S

☆ A top exec at PR giant Edelman lays out its plan to invest in generative AI
▼ + stars: | 2024-04-26 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

To do so, Edelman recently promoted Brian Buchwald to global chair of product and AI to oversee the firm's AI investments. Buchwald joined Edelman in 2023 and was previously the global head of product, trust data, and technology at the firm. Previously, this tool used small language models and now uses generative AI and large language models, Buchwald said. Using generative AI has increased the tool's ability to predict future trustworthiness with 97% accuracy, he said. More broadly, holding companies have made significant investments into generative AI for content creation that compete with Edelman.

Persons: Edelman, Taco Bell, Brian Buchwald, Buchwald, Weber, Interpublic Group's Weber, Jay Pattisall, Forrester Organizations: eBay, Business, New York Times, Google, Adobe, Edelman, WPP Locations: Talkwaker

☆ Meta’s A.I. Assistant Is Fun to Use, but It Can’t Be Trusted
▼ + stars: | 2024-04-24 | by ( Brian X. Chen | ) www.nytimes.com time to read: +1 min

In the last few days, you may have noticed something new inside Meta’s apps, including Instagram, Messenger and WhatsApp: an artificially intelligent chatbot. This is Meta’s response to OpenAI’s ChatGPT, the chatbot that upended the tech industry in 2022, and similar bots including Google’s Gemini and Microsoft’s Bing AI. The Meta bot’s image generator also competes with A.I. Unlike other chatbots and image generators, Meta’s A.I. assistant is a free tool baked into apps that billions of people use every day, making it the most aggressive push yet from a big tech company to bring this flavor of artificial intelligence — known as generative A.I.

Persons: ”, OpenAI’s ChatGPT, Bing, A.I, — Organizations: corgi, Meta Locations: New York, San Francisco

At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."

Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States

☆ AI has racist tendencies. Scientists and founders are trying to fix it.
▼ + stars: | 2024-04-20 | by ( Monica Melton | ) www.businessinsider.com time to read: +11 min

The police had used a facial-recognition AI program that identified her as the suspect based on an old mugshot. AdvertisementThe Detroit Police Department said that it restricts the use of the facial-recognition AI program to violent crimes and that matches it makes are just investigation leads. AdvertisementThe study also found that in a hypothetical murder trial, the AI models were more likely to propose the death penalty for an AAE speaker. A novel proposalOne reason for these failings is that the people and companies building AI aren't representative of the world that AI models are supposed to encapsulate. Bardlavens leads a team that aims to ensure equity is considered and baked into Adobe AI tools.

Persons: —, Woodruff, who's, Ivan Land, Joy Buolamwini, Timnit Gebru, Valentin Hofmann, OpenAI's, AAE, Geoffrey Hinton, Christopher Lafayette, Udezue, OpenAI, Google's, John Pasmore, Latimer, Buolamwini, Timothy Bardlavens, Microsoft Bing, Microsoft Bardlavens, Bardlavens, Esther Dyson, Dyson, Arturo Villanueva, I'd, Villanueva, Alza, We're, Andrew Mahon, Alza's Organizations: Service, Detroit, Business, Court of Michigan, Detroit Police Department, Microsoft, IBM, Allen Institute, AI, Dartmouth College, Center for Education Statistics, Big Tech, Udezue, Meta, Google, Tech, Companies, Adobe Locations: That's, American, Africa, Southeast Asia, North America, Europe, Spanish

☆ Buy these five stocks ahead of earnings before it's too late, Bank of America says
▼ + stars: | 2024-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find the firm's favorite buy-rated stocks ahead of company earnings. They include: CoStar Group, Fidelity National Information Services, Cisco, Home Depot and Adobe. Bank of America upgraded the stock to buy from neutral earlier this week, citing several positive catalysts. "A growth company buying a growth company," he said of the deal. Home Depot "A growth company buying a growth company.

Persons: Tal Liani, Liani, Robert Ohmes, Ohmes, Jason Kupferberg, Kupferberg Organizations: Bank of America, CNBC, Fidelity National Information Services, Cisco, Home, Adobe, Cisco Time, Home Depot, Fidelity National Information, FIS Locations: Bank, Atlanta, buybacks

☆ Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
▼ + stars: | 2024-04-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla sent notices canceling some separation agreements, according to two laid-off employees and a notification seen by Business Insider. The cancellations came after some workers received severance offers for two months of pay. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome laid-off Tesla workers received a notification that their separation agreements had been canceled on Thursday and to expect new ones, two laid-off workers told Business Insider. The workers received a notification about a document titled "Your separation agreement," with "status: canceled," according to one of the emails obtained by BI.

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

☆ Tesla's awful 2024 is getting much worse
▼ + stars: | 2024-04-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Tech: A "social walkie-talkie" app is the newest thing tech insiders are excited about . Tesla's awful 2024 got much worse this week when the company cut 10% of its workforce , and a major executive resigned after 18 years at the EV maker. AdvertisementSlaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BIIn the meantime, Tesla's stock keeps falling. Even worse, people who are in the market for EVs aren't necessarily interested in Teslas .

Persons: —, NASA's Chandra, Tesla, we've, Elon Musk, Steve Granitz, Scott Olson, Jia Feng, Graham, Elon Musk's, robotaxis, Slaven, Chelsea Jia Feng, Tesla's, Musk, Andy Sieg, Merrill Lynch, Abanti Chowdhury, who's, Piper Sandler, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tech, Adobe Stock, The New York Times, EVs, Teslas, Trump, SWANSON, Apple, Microsoft, BI, CNBC, Economy Summit Locations: Chelsea, China, Teslas ., States, New York, London

☆ Adobe releases Acrobat AI assistant starting at $4.99 a month
▼ + stars: | 2024-04-15 | by ( Alex Koller | ) www.cnbc.com time to read: 1 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Adobe on Monday released its artificial intelligence assistant, which helps users understand the contents of digital documents. Monthly subscriptions start at $4.99. As part of the release, Adobe is also launching a free mobile version of the tool in beta that can respond to voice commands, and is bringing the service to extensions on Microsoft Edge and Google Chrome. Adobe said subscription pricing for the feature is an "early access" rate and will change in the future.

Persons: Shantanu Narayen Organizations: CNBC, New York Stock Exchange, Adobe, Microsoft Edge, Google

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