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☆ Elon Musk is going to try courting advertisers. Again.
▼ + stars: | 2024-06-11 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Elon Musk, who has a ... complicated relationship with advertisers, is going to appear at a big ad conference. It's pretty standard for tech companies to court advertisers at the Cannes Lions event in France. AdvertisementLast fall Elon Musk told advertisers to go fuck themselves. Maybe he has a different message now: The man who bought Twitter, turned it into "X," and saw his advertising revenue plummet, is heading to the Cannes Lions ad summit in France next week. WPP, one of the world's biggest ad companies, said Musk will appear at an event with WPP CEO Mark Read on June 18.

Persons: Elon Musk, —, Mark Read Organizations: Cannes Lions, Service, Twitter, WPP Locations: France

☆ CNBC Daily Open: Musk threatens Apple ban
▼ + stars: | 2024-06-11 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Technology stocks Nvidia, Meta and Microsoft boosted the indexes. Apple ban threatElon Musk threatened to ban Apple devices from his companies after Apple announced a partnership with OpenAI. Ailman suggested Musk should focus on one of his ventures and let professional managers handle Tesla's daily operations. The Taiwan Weighted index hit a record high, before paring back gains, as technology and utility stocks rose.

Persons: Elon Musk, Tesla, Goldman Sachs, Musk, Elon Musk's, Chris Ailman, CNBC's, Ailman, CalSTRS, Elliott, paring, Seng, Kospi, Morgan Stanley Organizations: New York Times DealBook, CNBC, Nasdaq, Technology, Nvidia, Meta, Microsoft, Dow Jones, Apple, OpenAI, California State Teachers, Elliott, Southwest, Elliott Management, Southwest Airlines, Boeing, CSI, Nikkei Locations: New York City, U.S, Asia, Taiwan, Pacific

☆ Elon Musk is beefing with Apple and Tim Cook again. It's not the first time the Tesla CEO picked a fight with the iPhone giant.
▼ + stars: | 2024-06-11 | by ( Grace Kay | Ana Altchek | ) www.businessinsider.com time to read: +1 min

Elon Musk criticized Apple and its CEO years ago before appearing to patch things up during an Apple HQ visit with Tim Cook. On Monday, Musk slammed Apple for its OpenAI partnership and threatened to ban iPhones and MacBooks at his companies. Here's a history of the beef between the Tesla CEO and the tech giant. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The first signs of Musk's one-sided beef with Apple came in 2015 when he joked that Apple employed Tesla's rejects.

Persons: Elon, Tim Cook, Musk, MacBooks, —, Apple, Tesla's, we've Organizations: Apple, Service, Business

☆ CNBC Daily Open: Apple upgrades Siri with AI
▼ + stars: | 2024-06-11 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple IntelligenceShares of Apple fell 1.9% after the iPhone maker delivered its long-awaited AI strategy. Siri will get an upgrade with Apple Intelligence and access to OpenAI's ChatGPT. Investors are concerned Apple had fallen behind its rivals, Microsoft and Google, in the race to deliver AI services and tools.

Persons: Goldman Sachs, Siri, Apple, Elon Musk's, Chris Ailman, CNBC's, Ailman, CalSTRS, Elliott, Moderna, Tesla, Elon, Bernstein Organizations: CNBC, Nasdaq, Technology, Nvidia, Meta, Microsoft, Dow Jones, Apple Intelligence, Apple, Investors, Google, California State Teachers, Elliott, Southwest, Elliott Management, Southwest Airlines, Boeing, Pfizer, Novavax Locations: U.S

☆ Elon Musk isn't wrong about Apple AI privacy concerns, says Binary Defense's David Kennedy
▼ + stars: | 2024-06-11 | 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 EmailElon Musk isn't wrong about Apple AI privacy concerns, says Binary Defense's David KennedyDavid Kennedy, co-founder and chief hacking officer at Binary Defense, joins CNBC's 'The Exchange' to discuss Apple's AI announcement, privacy concerns, and more.

Persons: Elon, David Kennedy David Kennedy Organizations: Apple, Binary Defense

☆ Elon Musk hints that his next move could be making an X phone
▼ + stars: | 2024-06-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon Musk is eyeing a possible X phone. Musk, who owns X, formerly Twitter, said Tuesday such a device is "not out of the question." AdvertisementElon Musk is weighing the idea of building an X phone amid his threats to ban iPhones and other Apple devices from his companies. On Monday, an X user tweeted his prediction that Musk would create an X phone, which Musk replied was a possibility. "X will partner with Samsung to manufacture an X phone."

Persons: Elon Musk, Musk, —, Elon Organizations: Apple, Service, Samsung, Business

☆ Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars'
▼ + stars: | 2024-06-11 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewAnother major Tesla shareholder is publicly opposing Elon Musk's multibillion-dollar pay package just days before investors are set to vote on the enormous figure ahead of the automaker's annual shareholder meeting on Thursday. AdvertisementDespite Musk's other endeavors, Tesla remains a car company — and the automaker's output and stock valuation should reflect that, Ailman said. He designed the cars," Ailman told the outlet. Proxy advisors are recommending investors vote no on the pay package, advice which Tesla's passive investors — about 20% of investors in total — are likely to follow, Bernstein analyst Toni Sacconaghi told BI. "He wants to go to Mars," Ailman told CNBC.

Persons: —, Elon Musk's, Christopher Ailman, Ailman, Tesla, Bernstein, Toni Sacconaghi, CalSTRS, Musk, Let's Organizations: Service, California State Teachers, CNBC, Business, Golden State, Tesla, Nvidia Locations: Delaware, California, Golden

☆ Elon Musk's pay package should pass by large margin, says former Ford CEO Mark Fields
▼ + stars: | 2024-06-11 | 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 EmailElon Musk's pay package should pass by large margin, says former Ford CEO Mark FieldsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Mark Fields, Brian Sullivan, “ Organizations: Elon, CNBC

☆ Elon Musk drops lawsuit against Sam Altman and OpenAI
▼ + stars: | 2024-06-11 | by ( Erin Snodgrass | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Elon Musk withdrew his lawsuit against OpenAI and two of its cofounders this week. The Tesla CEO sued the AI startup in March, alleging the company had abandoned its nonprofit mission. Musk cofounded OpenAI along with Sam Altman and Greg Brockman in 2015. AdvertisementElon Musk dropped his lawsuit against OpenAI and two of its cofounders, Sam Altman and Greg Brockman, on Tuesday, CNBC reported. Musk sued the hotshot startup and two of its co-founders in March, accusing Altman and Brockman of betraying OpenAI's initial mission to benefit humanity.

Persons: Elon Musk, OpenAI, Musk, Sam Altman, Greg Brockman, —, Tesla, Altman, Brockman, OpenAI's Organizations: Service, CNBC, Wednesday, Business Locations: San Francisco

☆ Elon Musk Withdraws His Lawsuit Against OpenAI and Sam Altman
▼ + stars: | 2024-06-11 | by ( Cade Metz | More About Cade Metz | ) www.nytimes.com time to read: 1 min

Elon Musk withdrew his lawsuit on Tuesday against OpenAI, the maker of the online chatbot ChatGPT, a day before a state judge in San Francisco was set to consider whether it should be dismissed. The suit, filed in February, had accused the artificial intelligence start-up and two of its founders, Sam Altman and Greg Brockman, of breaching OpenAI’s founding contract by prioritizing commercial interests over the public good. A multibillion-dollar partnership that OpenAI signed with Microsoft, Mr. Musk’s suit claimed, represented an abandonment of the company’s pledge to carefully develop A.I. and make the technology publicly available. Mr. Musk had argued that the founding contract said that the organization should instead be focused on building artificial general intelligence, or A.G.I., a machine that can do anything the brain can do, for the benefit of humanity.

Persons: Elon Musk, Sam Altman, Greg Brockman, OpenAI, Musk’s, Musk Organizations: OpenAI, Microsoft Locations: San Francisco

☆ Apple debuts 'Apple Intelligence', new partnership with OpenAI: Here's what to know
▼ + stars: | 2024-06-11 | 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 EmailApple debuts 'Apple Intelligence', new partnership with OpenAI: Here's what to knowJoanna Stern, Wall Street Journal personal technology columnist, joins 'Squawk Box' to discuss the key takeaways from Apple's annual Worldwide Developers Conference keynote, the company's generative AI plans, why one of the planned AI features irked Elon Musk, and more.

Persons: Joanna Stern, irked Elon Musk Organizations: Apple Intelligence, OpenAI, Wall Street, Developers

☆ Elon Musk threatens to ban iPhones at his companies if Apple integrates ChatGPT
▼ + stars: | 2024-06-11 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Elon Musk is not happy about a new partnership between Apple and ChatGPT creator OpenAI. “Apple has no clue what’s actually going on once they hand your data over to OpenAI,” Musk said in a separate post. OpenAI’s technology will support some of these new tools — for example, allowing users to direct questions to ChatGPT via their Apple devices. Greg Brockman, OpenAI president, said late Monday that ChatGPT would be integrated into Apple’s operating systems for iPhones, iPads and Mac computers. So Musk’s employees may have limited options if he wants to ban rival AI — or even OpenAI — from his companies.

Persons: London CNN — Elon Musk, OpenAI, ” Musk, Apple, Musk’s, Siri, Greg Brockman, We’re, Will, Sam Altman, ”, Catherine Flick, ” OpenAI, ” Matt Britzman, Hargreaves Lansdown Organizations: London CNN, Apple, SpaceX, Bluetooth, ” CNN, OpenAI, Developers, Apple Intelligence, Google, Samsung, Microsoft, Windows, Staffordshire University Locations: OpenAI, ”, England

☆ California pension fund opposes 'ridiculous' Elon Musk pay package at Tesla
▼ + stars: | 2024-06-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This pay package is ridiculous," Ailman said on " Squawk on the Street ." The vote this week is to effectively reinstate a 2018 pay package that was struck down by a judge in January. California State Teachers' Retirement System Chief Investment Officer Chris Ailman said the fund opposed the pay package previously and will do so again. The head of a massive California pension fund told CNBC on Monday that he is voting against the revised pay package for Tesla CEO Elon Musk. The billionaire has indicated that he might focus more on his other projects if the Tesla pay package is rejected.

Persons: Elon Musk, Tesla, Porte, Ailman, Chris Ailman, CalSTRS, Musk Organizations: Viva Technology, Porte de, California State Teachers, CNBC, Tesla, SpaceX Locations: Paris, France, California, Tesla, Texas

☆ Tesla stock is set to drop as Elon Musk's $56 billion pay package unlikely to get approved, Wall Street analyst says
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Elon Musk's $56 billion pay package likely won't be approved by Tesla shareholders, according to Bernstein analyst Toni Sacconaghi. If the pay package is voted down, Tesla stock could fall 5%. AdvertisementTesla investors are set to vote this week on Elon Musk's astronomical pay package, but according to Bernstein analyst Toni Sacconaghi, it's not likely to be approved. According to Sacconaghi, Tesla stock could react negatively and fall about 5% if the package is voted down by shareholders. If Tesla does not receive approval for Musk's pay package, it could lead to a sell-off in the stock, Sacconaghi said.

Persons: Elon Musk's, Bernstein, Toni Sacconaghi, Elon, Sacconaghi, —, it's, Tesla, Chris Ailman, let's, Ailman, He's, Dan Ivees Organizations: Tesla, Service, Elon, CNBC, Nvidia, Wall Street, Wedbush Securities

☆ Watch CNBC's full interview with CalSTRS' Chris Ailman
▼ + stars: | 2024-06-10 | 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 EmailWatch CNBC's full interview with CalSTRS' Chris AilmanChris Ailman, California State Teachers Retirement Systems CIO, joins 'Squawk on the Street' to discuss Ailman's opposition to Elon Musk's $56 billion pay package, Tesla's business model, and much more.

Persons: CalSTRS, Chris Ailman Chris Ailman, Elon Organizations: Elon Musk's Locations: California

☆ Elon Musk is pitching a daring idea to Tesla shareholders: A vote for Musk is a ticket to the 'Muskonomy'
▼ + stars: | 2024-06-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Tesla shareholders might have another reason to vote for Elon Musk's pay package this Thursday. Musk has been touting the benefits of having Tesla be a part of his business empire. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla CEO Elon Musk has been pulling out all stops to woo shareholders ahead of Thursday's vote for his massive $56 billion pay package. But those seem just to be appetizers because Musk has now brought out the big guns — promising shareholders that a Musk-led Tesla will have access to his sprawling business empire.

Persons: Musk, Tesla, —, Elon Musk, Franz von Holzhausen Organizations: Elon, Service, Gigafactory Locations: Gigafactory Texas

☆ Tesla clears another hurdle to launching full self-driving in China
▼ + stars: | 2024-06-10 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. China’s answer to Google has been been providing mapping services to Tesla since 2020. It could also accelerate Tesla’s global development of its self-driving technology, as data from China could be used to train Tesla’s algorithms needed for fully autonomous vehicles. “Tesla’s (own) navigation system can finally be used.”Introducing the FSD system could provide a revenue boost to Tesla, which is having a tough time in China.

Persons: Hong Kong CNN — Tesla, Elon Musk’s, ” Baidu, Tesla, ”, Elon Musk, ” Tesla, “ Organizations: Hong Kong CNN, Baidu, “, Google, ” CNN, CNN, Weibo, Tesla Locations: China, Hong Kong

☆ Bernstein says Tesla stock will take a hit as Musk pay package is unlikely to pass
▼ + stars: | 2024-06-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Tesla shareholders are unlikely to pass Elon Musk's $56 billion pay package Thursday — which will pressure the company's stock on fears that the CEO could leave the electric vehicle maker — Bernstein told clients in a note Monday. Tesla has never seen turnout higher than 63% in a shareholder vote, Sacconaghi wrote. Even assuming turnout is much higher at 75%, Musk would need 73% of unaccounted for voters to back his pay package, the analyst said. Tesla garnered a 73% "yes" vote on Musk's original pay package in 2018, Sacconaghi said, but it was a much less controversial vote where passive shareholders backed the package. "We believe that if the pay package is rejected, the stock would likely be down (potentially 5%+) amid fears that Musk might leave Tesla," Sacconaghi wrote.

Persons: Elon Musk's, — Bernstein, Glass Lewis, Toni Sacconaghi, Tesla, Sacconaghi Organizations: Services

☆ Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership
▼ + stars: | 2024-06-10 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Elon Musk, the CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies on Monday after the iPhone maker announced a partnership with OpenAI. In a series of posts on his social media platform X, Musk shared concerns about whether Apple and OpenAI will protect users' information. He specifically said that Apple devices would be banned if the company "integrates OpenAI at the OS level," referring to Apple's operating system. Musk replied directly to a post from Apple CEO Tim Cook and claimed he will ban Apple devices from his companies' premises unless Cook decides to "stop this creepy spyware." He added that his companies' visitors will be asked to check their Apple devices at the door.

Persons: Elon Musk, The Beverly Hilton, Musk, Apple, Siri, ChatGPT, Tim Cook, Cook, He's, Sam Altman, OpenAI, Altman, didn't, —, Steve Kovach, Lora Kolodny, Tesla Organizations: SpaceX, Tesla, The Beverly, OpenAI, Apple, CNBC, Company Locations: Beverly Hills , California, U.S

☆ Elon Musk seemed less than impressed with aspects of Apple's WWDC keynote
▼ + stars: | 2024-06-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Elon Musk seemed less than impressed with Apple's WWDC presentation Monday. He responded to posts on X about the new iPhone home screen and iPad Calculator app. Musk has been taking jabs at Apple for the better part of a decade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk seemed slightly underwhelmed by a handful of updates Apple announced Monday during its WWDC presentation.

Persons: Elon Musk, Apple's, —, Elon, Marques Brownlee, Apple Organizations: Apple, Service, YouTube, Business

☆ Here's why CalSTRS is voting against Elon Musk's $56 billion Tesla pay package
▼ + stars: | 2024-06-10 | 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 EmailHere's why CalSTRS is voting against Elon Musk's $56 billion Tesla pay packageChris Ailman, California State Teachers Retirement Systems CIO, joins 'Squawk on the Street' to discuss Ailman's opposition to Elon Musk's $56 billion pay package, Tesla's business model, and much more.

Persons: Chris Ailman, Elon Organizations: Elon Musk's Locations: California

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Apple, Walmart, Microsoft, Disney, Arm, GM, DraftKings & more
▼ + stars: | 2024-06-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley resumes Broadcom as overweight Morgan Stanley resumed coverage of Broadcom , saying it's "compelling." UBS reiterates Apple as neutral UBS said its survey checks show that interest in AI remains "muted" for Apple. Morgan Stanley names DraftKings a top pick Despite gaming tax issues in Illinois, Morgan Stanley moved the gaming stock back to top-pick status. Morgan Stanley downgrades Advanced Micro Devices to equal weight from overweight Morgan Stanley said investors' expectations are "too high." UBS reiterates Micron as buy UBS raised its price target on Micron to $155 per share from $125.

Persons: Truist, Morgan Stanley, TD Cowen, Bernstein, Tesla, underperform Bernstein, Elon Musk, Disney, DraftKings, Jefferies, Colleen, Wells, Raymond James, MHK, Rosenblatt, NVDA, Melius Organizations: Microsoft, New, Broadcom, UBS, Apple, Nvidia, Disney, North America Gaming, Jefferies, JPMorgan, Honeywell, Micron, Nike, ARM, Adobe, Citi, General Motors, Bank of America, Mobile Locations: Int'l Parks, Illinois, North

☆ CNBC Daily Open: Far-right makes gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package. Despite a recent 2% drop in Aramco's stock and pressures on global oil prices, the offering attracted strong international demand.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Prince Mohammed bin, Aramco's, Morgan Stanley, there's Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Saudi, Nvidia Locations: Europe, freefall, Saudi Arabia, Aramco, Saudi

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

☆ Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given'
▼ + stars: | 2024-06-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe billionaire cofounder of LinkedIn, Reid Hoffman, slammed business leaders who support former President Donald Trump, arguing that a 2024 win for the Republican would actually be bad for the economy. He argues that a "robust legal system" is critical for American business to prosper because it keeps things in check. "But a robust, reliable legal system is not a given," Hoffman wrote. Others, Hoffman argues, believe Joe Biden would be even more dangerous to American business than Trump would. There's a growing number of business leaders who publicly support Trump.

Persons: —, Reid Hoffman, Donald Trump, Hoffman, Donald Trump's, Trump, Stormy Daniels, Joe Biden, Bill Ackman, Nelson Peltz, Blackstone, Steve Schwarzman, Douglas Leone, Elon Musk, Biden Organizations: Service, LinkedIn, Republican, Business, Trump, Pershing, Capital Management

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