DIRS.INFO The most relevant business & tech news

☆ Elon Musk PAC being investigated by Michigan secretary of state for potential violations
▼ + stars: | 2024-08-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

A political action committee backed by billionaire Elon Musk is being investigated by the Michigan secretary of state's office amid efforts to collect voter data. Musk, the CEO of Tesla and SpaceX, has said he created and helped fund the America PAC, which is supporting former President Donald Trump. After clicking on the "register to vote" tab on America PAC's website, users in states like Michigan can submit a ZIP code, address and phone number. Jocelyn Benson, a Democrat, is Michigan's secretary of state and the lead election official in the state. The Republican National Committee has sued Benson and other Michigan Democrats at least twice this year, according to legal records.

Persons: Elon Musk, Benjamin Netanyahu, Donald Trump, Musk, Jocelyn Benson, Benson Organizations: SpaceX, Tesla, U.S, Capitol, America PAC, Forbes, CNBC, Michigan Attorney, Federal, Commission, Democrat, The Republican National Committee, Michigan Democrats Locations: Washington , U.S, Michigan

☆ Saying the Quiet Part Out Loud
▼ + stars: | 2024-08-03 | by ( Lauren Hirsch | Sarah Kessler | ) www.nytimes.com time to read: +1 min

Wall Street Democrats have spent the last eight years complaining about their relationship with Washington. But now that Vice President Kamala Harris is the party’s presumptive presidential nominee, they see a chance to regain influence. “Waging war is not.” (He later clarified that he would support Harris regardless of whether she replaced Khan.) Few on Wall Street would disagree with that stance — Khan has moved to block deals with seemingly little concern over losing in court. But behind the scenes, many are irked by this kind of public lobbying, arguing that it exposes a misunderstanding of the way the Washington game is played, and that it could backfire.

Persons: Donald Trump’s, Biden, Kamala Harris, Elon Musk, Bill Ackman, Harris, Lina Khan, ” Barry Diller, Reid Hoffman, ” Hoffman, “, Khan, — Khan Organizations: Democrats, Democratic Party, Trump, Federal Trade Commission, IAC, CNBC, LinkedIn, CNN Locations: Washington

☆ Elon Musk's Tesla pay package is once again questioned by the judge who initially tossed it
▼ + stars: | 2024-08-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

A judge on Friday questioned the restoration of Elon Musk's multibillion-dollar Tesla pay package. Tesla's lawyers argue a shareholder vote approving the pay should be sufficient to reinstate it. The judge, who previously invalidated the pay package, said the issue "will not end here and now." AdvertisementThe Delaware judge who previously threw out Elon Musk's $55 billion Tesla pay package has cast new doubts on whether the CEO's massive benefits package should be reinstated despite approval from the company's shareholders. Tesla lawyers on Friday argued the pay should be reinstated following a June shareholder vote approving it.

Persons: Elon Musk's, —, Elon, David Ross, Musk, Chancellor Kathaleen McCormick Organizations: Service, Elon Musk's, Associated Press, Business Locations: Delaware

☆ Elon Musk says Neuralink could help humans compete with AI: 'Let's give people superpowers'
▼ + stars: | 2024-08-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Read previewElon Musk says his Neuralink brain implants will be the best way for humans to both integrate and compete with advanced AI systems in the future. Musk said the company embedded a Neuralink chip into the brain of its first patient in January 2024. AdvertisementMusk has billed Neuralink as a technology that, in the future, could facilitate "symbiosis" between humans and artificial intelligence. Musk himself has criticized OpenAI, the world's leading AI company, which he helped found, for being too aggressive and not adequately considering the importance of safety. Musk compared vision enhancements with Neuralink to the visor worn by the character Geordi La Forge from Star Trek.

Persons: —, Elon Musk, Musk, Lex Friedman, Weeks, Friedman, OpenAI, Forge, Neuralink Organizations: Service, Business, Star Trek Locations: Forge

☆ How the polling landscape has changed in the last two weeks: From the Politics Desk
▼ + stars: | 2024-08-02 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, we report on how the polling landscape has changed since Vice President Kamala Harris took over as the Democratic presidential candidate. But the Trump campaign is rushing to define Harris differently. This week, two ads went up that underscored the war to define Harris. Read more → 📺 The race is on: The race to define Harris is heating up, with the Harris campaign and the Trump team hitting the airwaves. Read more →The race to define Harris is heating up, with the Harris campaign and the Trump team hitting the airwaves.

Persons: Kamala Harris, Yamiche, Yamiche Alcindor, Kamala Harris ’, Joe Biden, Megan Thee, —, Donald Trump, Trump, Harris, ” Trump, Brian Hughes, ” Harris, She’s, The, Read, Mark Murray It’s, Biden, 🗞️, J aime H, J ohn, Simone Biles, Organizations: NBC, White House, Capitol, Democratic, Democratic Party, Biden, The Trump, —, New York Times, Siena College, Street, Reuters, NYT, Wall Street, Bloomberg, Trump Locations: Arizona , Georgia, Nevada , North Carolina, Pennsylvania, Arizona , Nevada, Wisconsin, Michigan

☆ How an Elon Musk-backed PAC is gathering data to boost Trump
▼ + stars: | 2024-08-02 | by ( Brian Schwartz | ) www.nbcnews.com time to read: +8 min

How do I start?”The ad then displays a website for a group called America PAC. “I have created a PAC, or a super PAC ... the America PAC,” Musk said in a recent interview. But what is unique about America PAC’s project is who is backing it and the timing of its creation. The America PAC raised over $8 million between April 1 and June 30, according to FEC records. He recently said on X that he is “making some donations to America PAC,” but did not say how much.

Persons: “, Donald Trump, Trump, they’ll, Elon Musk, Kamala Harris, ” Musk, Musk, ”, Brendan Fischer, Fischer, ” Fischer, Phil Cox, Generra Peck, Dave Rexrode, Doug Leone, Cameron, Tyler Winklevoss, Joe Lonsdale, Lonsdale, Harris, Daniel Weiner, Brennan, Matthew Baum, Baum, Weiner Organizations: Google, America PAC, Tesla, Republican, Democratic, Forbes, PAC, Facebook, YouTube, America, “ America PAC, Trump, The New York Times, FEC, Harvard Kennedy School Locations: Michigan, California, Wyoming, Pennsylvania, Georgia, Arizona , Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin, America, Trump

The second of the two female boxers whose gender identities have recently been scrutinized won her first fight at the Paris Olympics on Friday. Lin Yu-ting of Taiwan defeated Sitora Turdibekova of Uzbekistan in the 57 kg round of 16 match by unanimous decision and advanced to the quarterfinals. Her victory follows Thursday’s win by Algeria’s Imane Khelif, whose gender identity has also come into question in recent days, prompting a social media firestorm. The participation of Lin and Khelif in Olympic women’s boxing has sparked global outrage in recent days after reports resurfaced that the pair failed to meet gender eligibility tests at the Women’s World Boxing Championships in New Delhi last year. “As with previous Olympic boxing competitions, the gender and age of the athletes are based on their passport,” the IOC said of its eligibility requirements.

Persons: Lin Yu, Sitora Turdibekova, Algeria’s Imane Khelif, Lin, Khelif, Angela Carini of, “, ”, ” Carini, Donald Trump, Elon Musk, Harry Potter ”, J.K, Rowling, ” Trump, Tsai Ing, Anna Hamori of Organizations: Paris Olympics, Sporting, Tokyo Olympics —, “, Algerian Olympic, Sports Committee, International Boxing Association, IBA, Olympic, IOC, Paris, Unit Locations: Taiwan, Uzbekistan, New Delhi, Angela Carini of Italy, Anna Hamori of Hungary

☆ How an Elon Musk PAC is using voter data to help Trump beat Harris in 2024 election
▼ + stars: | 2024-08-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

The ad then displays a website for a group called America PAC. "I have created a PAC, or a super PAC ... the America PAC," Musk said in a recent interview. But what is unique about America PAC's project is who is backing it and the timing of its creation. He recently said on X that he is "making some donations to America PAC," but did not say how much. Musk on X mirrors Musk PAC

Persons: Elon Musk, The Beverly Hilton, David Swanson, Donald Trump, Trump, they'll, Kamala Harris, Musk, Brendan Fischer, Fischer, Phil Cox, Generra Peck, Dave Rexrode, Doug Leone, Cameron, Tyler Winklevoss, Joe Lonsdale, Lonsdale Organizations: SpaceX, Tesla, The Beverly, Reuters, Google, America PAC, Republican, Democratic, Forbes, PAC, Facebook, YouTube, America, Trump, The New York Times, FEC Locations: Beverly Hills , California, U.S, Michigan, California, Wyoming, Pennsylvania, Georgia, Arizona , Michigan, North Carolina , Nevada , Pennsylvania, Wisconsin

☆ Chevron says it’s moving its headquarters from the Bay Area to Houston
▼ + stars: | 2024-08-02 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California since its founding more than a century ago. Chevron chairman and CEO Mike Wirth and vice chairman Mark Nelson will move to Houston by the end of 2024, while other corporate operations will slowly relocate over the next five years. Chevron’s exodus from the Bay Area comes on the heels of Elon Musk’s announcement last month that SpaceX and X, formerly known as Twitter, would be relocating to Texas, as well.

Persons: Mike Wirth, Mark Nelson, Elon Musk’s, Musk, Gavin Newsom, ” Musk, ” Organizations: New, New York CNN, Chevron, San, SpaceX, Twitter, CNN Locations: New York, California, San Ramon, Houston, Chevron, Bay, Texas, Hawthorne , California, Starbase , Texas, Austin , Texas

☆ Tesla's unique approach to sales is giving it headaches
▼ + stars: | 2024-08-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The big storyFor saleGetty Images; Jenny Chang-Rodriguez/BIOne of Tesla's biggest assets is its willingness to try new things, but its unique approach to sales is also what's giving it headaches. AdvertisementA key issue is Tesla's inability to evolve its sales tactics as the EV market rapidly changes . Business Insider's Grace Kay spoke to more than a dozen current and former employees in Tesla's sales division about how the company has tried to kick-start its sales unit . Not unlike its cars, Tesla's sales approach is innovative compared to the rest of the automotive industry. It's a great strategy when the cars sell themselves — which Teslas did for a while — since you don't need to maintain a traditional sales structure.

Persons: —, Jenny Chang, Rodriguez, It's, Elon Musk, Insider's Grace Kay, There's, Teslas, Justin Sullivan, Fintechs, chatbots, Rebecca Zisser, Goldman Sachs, James Knightley, Andy Jassy, Mike Blake, Chelsea Jia Feng, Venu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, EV, Tech, Citadel, ING Economics, Big Pharma, Pfizer, Novo Nordisk, Department of Labor, Chevron, ExxonMobil Locations: New York, London

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ Delaware Judge Questions Tesla About Vote on Elon Musk’s Tesla Pay
▼ + stars: | 2024-08-02 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

A Delaware judge on Friday questioned lawyers for Tesla about why the company asked shareholders to vote on a $55 billion pay package for its chief executive, Elon Musk, after she had struck it down in January. The judge, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery, noted at a hearing in Wilmington that there was no legal precedent for the company’s decision, which led to an overwhelming shareholder vote in favor of the compensation package in June. “This has never been done before,” she said in an exchange with a lawyer representing Mr. Musk and Tesla’s directors. “There is no Delaware law on this, correct?”The lawyer, David E. Ross, acknowledged there was no exact precedent for having shareholders overturn a judge’s decision in similar cases. But he asserted that the June vote showed that Tesla’s shareholders were willing to award Mr. Musk the package even after being provided a lot more information about how it had been devised.

Persons: Tesla, Elon Musk, Chancellor Kathaleen St, J . McCormick, ”, David E, Ross Organizations: Chancery Locations: Delaware, Wilmington, “

☆ Elon Musk and Grimes appear in family court days after Grimes' mother accused the Tesla CEO of 'withholding' children
▼ + stars: | 2024-08-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk and Grimes met in Texas court for a custody dispute hearing over their three children. The former couple has been in a custody battle since September, filing lawsuits in Texas and California. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk and Grimes met in a Texas courthouse on Friday for a hearing regarding their custody dispute. The billionaire and the musician filed dueling lawsuits against one another in two different states, Texas and California respectively.

Persons: Elon Musk, Grimes, —, Elon Organizations: Service, Business Locations: Texas, California

☆ JD Vance holds Silicon Valley fundraiser as tech leaders rally around Kamala Harris
▼ + stars: | 2024-08-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Ohio Sen. JD Vance held a fundraising event in Palo Alto hosted by BitGo CEO Mike Belshe. Vance, a former VC, has the backing of influential tech execs, including Elon Musk. But many Silicon Valley figures are throwing their support behind Kamala Harris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOhio Sen. JD Vance has been fundraising in Silicon Valley.

Persons: Ohio Sen, JD Vance, Mike Belshe, Vance, Elon Musk, Kamala Harris, —, Donald Trump's, Mike Belshe's Palo, Couples Organizations: Service, Ohio Locations: Ohio, Palo Alto, Silicon Valley, Vance

☆ Who is Imane Khelif and why is her Olympic boxing win marred by controversy?
▼ + stars: | 2024-08-02 | by ( Kara Fox | ) edition.cnn.com time to read: +8 min

Khelif has become a flashpoint for an often misinformed debate about how women are allowed to compete in sports. As Khelif prepares for her next fight on Saturday, here’s what to know:Who is Imane Khelif? Algeria's Imane Khelif (R), is seen after defeating Italy's Angela Carini in the women's 66kg preliminary boxing match at the 2024 Summer Olympics in Paris on Thursday. Many athletes have written in support of Khelif, including Irish boxer Amy Broadhurst – who fought and beat Khelif in the World Championships. Female athletes that have differences of sexual development (DSD) are often subject to such tests.

Persons: Imane Khelif, Angela Carini, dislodging, Carini, Mark Adams, ” Adams, Khelif, Italy's Angela Carini, John Locher, “, Lin Yu, Adams, Donald Trump, Elon Musk, JK Rowling, Logan Paul, ” Rowling, Giorgia Meloni, ”, Amy Broadhurst –, Broadhurst, Lin, Semenya, CNN’s Saskya Vandoorne, Camille Knight, Natasha Maguder, Eliza Anyangwe Organizations: CNN, Olympic Committee, Boxing, IBA, Games, IOC, WWE, Algerian Olympic, Human Rights Watch, Paris Games, DSD, European, of Human Rights Locations: Algerian, Italy, Paris, “, Algeria, Budapest

☆ Boxer Imane Khelif, previously barred from women's events, wins first Paris Olympics fight
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Matt-Lavietes-Byline-Jm.Jpg | Matt Lavietes | ) www.nbcnews.com time to read: +5 min

A female boxer whose gender identity has recently been questioned won her first fight at the Paris Olympics on Thursday. Imane Khelif of Algeria defeated Angela Carini of Italy after Carini quit 46 seconds into the match. “Full support for our champion Imane Khelif, who is suffering a wave of unjustified hatred,” he wrote on X. Abderrahmane Hammad, Algeria’s minister of youth and sports, addressed concerns over Khelif’s gender identity Wednesday. “I strongly condemn the baseless attacks on our athlete, Imane Khelif, by certain foreign outlets,” he wrote on X.

Persons: Imane, Angela Carini of, Carini, Lin Yu, ” Carini, it’s, ”, we’re, Giorgia Meloni, Donald Trump, Sen, Marco Rubio, Kristi Noem, ” Trump, Khelif’s, “ Harry Potter ”, J.K, Rowling, Elon Musk, Kamala, ” Musk, Trump, Khelif, Ismaël Bennacer, Imane Khelif, ” Khelif, Thursday’s, “, Taiwan's Lin, Abderrahmane Hammad, Hungary’s Luca Anna Hamori Organizations: Paris, Tokyo Olympics, Italian, Olympic, South Dakota Gov, Billionaire, Algerian national team, Olympic Games, International Olympic, International Boxing Association, IOC, IBA, Algerian Olympic, Sports, Sports Committee Locations: Algeria, Angela Carini of Italy, Taiwan, New Delhi, “, Khelif, Saturday’s

The complaint, filed in San Francisco County Superior Court, alleges fraud, breach of contract and misappropriation of Lemon’s name and likeness. Musk and X enticed Lemon with “false promises and representations,” the complaint alleges. In May 2023, shortly after CNN terminated Lemon, Musk posted on X: “Have you considered doing your show on this platform? Within a day of the interview, Musk sent Lemon’s agent a text message saying the partnership and contract were canceled. “To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into,” the filing says.

Persons: Don Lemon, Elon Musk, Musk, Lemon, Elon, ”, ” Lemon, Linda Yaccarino, Brett Weitz, he’d, “, Donald Trump, Weitz, Jeff Zucker, Carney Shegerian, Don, Shegerian, who’s Organizations: CNN, Court, X, NBC Locations: San Francisco County, New York City

☆ Don Lemon sues Elon Musk and X, demanding $35 million over scrapped news show
▼ + stars: | 2024-08-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —Don Lemon on Thursday filed a lawsuit against Elon Musk and X after the erratic billionaire canceled a planned partnership that would have seen the former CNN anchor create a talk show on the embattled social media platform. Lemon alleged that Musk wanted to announce a partnership with him only to trade off his name to rehabilitate his social media company’s troubled image. “X executives used Don to prop up their advertising sales pitch, then canceled their partnership and dragged Don’s name through the mud. But the deal quickly collapsed after Musk grew angry at Lemon’s questioning during a sit-down interview in March taped at his Tesla headquarters in Texas. During the interview, Lemon pressed Musk about the rise of hate speech on X, in addition to his open use of the prescription drug ketamine.

Persons: Don Lemon, Elon Musk, Lemon, ”, Musk, ” Carney Shegerian, “, Don, X, Linda Yaccarino, Yaccarino, Brett Weitz Organizations: New, New York CNN, Elon, CNN Locations: New York, San Francisco, New York City, Lemon, Texas

☆ Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk
▼ + stars: | 2024-08-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing . And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get. AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than. What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down? With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.

Persons: —, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee Locations: Hollywood, London, Milan, Dubai, New York

☆ Elon Musk says a throwdown with Mark Zuckerberg would be a 'short fight' because the Meta CEO is a 'little fella'
▼ + stars: | 2024-08-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The much-hyped cage fight between Elon Musk and Mark Zuckerberg didn't materialize last year. But Musk said it would've been a "short fight" if it had taken place. "Zuck is a little fella, so that would be a short fight lol," Musk said on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk didn't get to fight Mark Zuckerberg last year, but he reckons it would have been a quick one if it had taken place.

Persons: Elon Musk, Mark Zuckerberg, Musk, would've, —, Elon, Nicolás Maduro's, Maduro Organizations: Elon, Service Locations: Venezuela

☆ Don Lemon sues Elon Musk over axed X partnership
▼ + stars: | 2024-08-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Don Lemon is suing Elon Musk and X over a canceled partnership deal. The lawsuit says X used Lemon for advertising, then canceled the deal without payment. AdvertisementDon Lemon is suing Elon Musk over an X deal that turned sour in March. Lemon filed the lawsuit Thursday in the Superior Court of California in San Francisco against Musk and his company X, formerly known as Twitter. Lemon accuses Musk and X of committing fraud, negligent misrepresentation, misappropriation of Lemon's name and likeness, breach of express contract, and unjust enrichment when it abruptly canceled a planned partnership with Lemon in March.

Persons: Don Lemon, Elon Musk, Lemon, —, Musk Organizations: Service, of, Business Locations: Superior, of California, San Francisco

☆ Tesla needs to figure out how to sell cars. Its salespeople say it's stuck in the past.
▼ + stars: | 2024-08-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +10 min

The company's sales team has been struggling to adapt to a much different market, according to 14 current and former employees from Tesla's sales division in North America. The carmaker is also attempting to fix a spate of bad publicity surrounding its CEO, Elon Musk — all with little in the way of advertising initiatives or traditional sales strategies. The electric-car maker made its mark by breaking industry standards with its ad-free, direct-to-consumer sales model. Now, some of Tesla's sales staff believe it's time for the company to begin acting like a traditional automaker. Musk has been vague about when a new, more economically priced Tesla model would hit the market, saying only that it could happen in 2025.

Persons: —, Tesla, Elon Musk, What's, Musk, shouldn't, Tesla backpedaled, Brian Moody, Autotrader Organizations: Service, US EV, Business, Tesla Locations: North America

☆ Meet the Gen Zer Behind Friend, the Creepy New AI Necklace
▼ + stars: | 2024-08-01 | by ( Zoë Bernard | ) www.businessinsider.com time to read: +8 min

Earlier this week, another product contending for the future of AI companionship made its debut: an eavesdropping necklace called Friend. AdvertisementSchiffmann's original vision for an AI hardware device was a pendant that would act as a more standard-fare AI assistant called Tab — he once described it as a "wearable mom." Of the many AI hardware devices that launched in recent months, such as Humane's AI pin, Meta's smart glasses, and Rabbit's AI-powered R1, Friend is the most personal contender. In fact, on the day Friend launched, a competing AI hardware founder named Nik Shevchenko released a diss track — as any self-respecting 23-year-old AI hardware founder would do — insinuating that Schiffmann stole his idea. (It would not be the first time that Shevchenko built an open source competitor that closely resembled another AI hardware device.

Persons: Siri, Friend, Avi Schiffmann, Schiffmann, Elon Musk, Caffeinated Capital's Raymond Tonsing, Aravind Srinivas, Austin Rief, hasn't, Scarlett Johansson, transfixing Joaquin Phoenix's, —, Anthony Fauci, Camus, it's, Nik Shevchenko, Shevchenko, Taylor Organizations: Harvard, Morning Locations: Tokyo, Ukraine

☆ Here are Thursday's biggest analyst calls: Meta, Tesla, Reddit, Amazon, Wingstop, Arm, Dollar General, Carvana, Qualcomm, SoFi & more
▼ + stars: | 2024-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Arm as buy Bank of America said it's sticking with the stock following earnings on Wednesday. Robinson to overweight from neutral JPMorgan upgraded the shipping company following its earnings. Barclays reiterates Meta as overweight Barclays says it's sticking with the Instagram parent following earnings on Wednesday. " Bernstein reiterates Qualcomm as outperform Bernstein says it's sticking with Qualcomm following earnings on Wednesday. Citi reiterates SoFi as buy Citi said it's getting more bullish on the stock following a series of investor meetings.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Zeta, Oppenheimer, Etsy, Baird, Wolfe, Bill.com, Robinson, Raymond James, RDDT, Wells, David Lantz, Zack Fadem, Bernstein, Leerink, Cantor Fitzgerald, Tesla, Cantor, it's bullish, Morgan Stanley downgrades Voya, SoFi, it's Organizations: Mizuho, Bank of America, ARM, Zeta Global, Zeta, JPMorgan, GE, NFL, NBA, MLB, Nascar, Barclays, Meta, Qualcomm, SOX, Elon Musk's, Citi Locations: OW, 2H24, China, bullish

☆ Elon Musk Blasts Venezuela’s Maduro in an Escalating War of Words
▼ + stars: | 2024-08-01 | by ( Ryan Mac | Simon Romero | ) www.nytimes.com time to read: +1 min

Over the last four days, Elon Musk has spoken out more than 50 times about President Nicolás Maduro of Venezuela — and the comments have been far from flattering. “Shame on Dictator Maduro,” Mr. Musk wrote on X on Sunday, as results came in from Venezuela’s presidential election, which has been criticized as deeply flawed. Mr. Musk, the 53-year-old chief executive of Tesla and SpaceX, has often criticized heads of state, including President Biden, on X. But the attacks against Mr. Maduro, who is one of the prominent symbols of the left in Latin America, stood out for their sudden volume and aggression. They were part of a pattern by Mr. Musk of denouncing leftist ideals and socialism.

Persons: Elon Musk, Nicolás Maduro, Venezuela —, Maduro, Mr, Musk, Tesla, Biden, Donald J, Trump Organizations: SpaceX, U.S, Democratic Party Locations: Venezuela, Venezuela’s, ”, Latin America, United States

Search resuls for: "Elon Musk"

25 mentions found