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☆ 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

☆ 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

☆ Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
▼ + stars: | 2024-07-31 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. More than 100 VCs on Wednesday pledged their support to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps up her campaign to take on Trump in the November election. The group, calling itself VCs for Kamala, is made up of investors and entrepreneurs from a range of established and rising funds, and different demographic groups. "We spend our days looking for, investing in and supporting entrepreneurs who are building the future," the group said in its pledge. The VCs for Kamala list highlights a deepening political divide in Silicon Valley and the broader tech industry.

Persons: Kamala Harris, Donald Trump, Kamala, Vinod Khosla, Reid Hoffman, Mark Cuban, Aileen Lee, Rebecca Kaden, Elon Musk, VCs Marc Andreessen, Ben Horowitz, Trump, Musk, Shaun Maguire, 8VC's Joe Lonsdale, Musk's, David Sacks, Hoffman, Greylock, Harris, Erika Lucas Organizations: Republican, Democratic, Trump, Khosla Ventures, LinkedIn, Dallas Mavericks, Cowboy Ventures, Union Square Ventures, America PAC, Sequoia, Craft Ventures, Republican National Convention, Musk, Convention Locations: Georgia, Atlanta, Silicon Valley, Chicago

Some of those contributors are among those involved in a donor collective supporting Mr. Trump. Mr. Buskirk, who made some money in the insurance business, has strong relationships with tech donors. Some of those contributors are among those involved in a donor collective called the Rockbridge Network that Mr. Buskirk created. Its twice-a-year meetings have drawn appearances by Mr. Trump, as well as megadonors including Peter Thiel, Rebekah Mercer, Steve Wynn and David Sacks. Mr. Buskirk gained a following in the Trump orbit with a publication called American Greatness.

Persons: Donald J, Trump, JD Vance, Christopher Buskirk, Mr, Vance, Buskirk, “, Kamala Harris, Biden, Harris, Harris’s, Virginia “, Elon Musk, ” Mr, Peter Thiel, Rebekah Mercer, Steve Wynn, David Sacks, Donald Trump Jr Organizations: Trump ., America, The New York Times, Mr, PAC, Trump, Federal, Commission, America PAC, Rockbridge Network, Rockbridge, Mar, CNN Locations: Ohio, Arizona , Georgia, Nevada, North Carolina, Michigan , Pennsylvania, Wisconsin, Minnesota, New Hampshire, Virginia

☆ Don't feel sorry for Linda Yaccarino
▼ + stars: | 2024-07-31 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino left her job running ad sales for NBC to become the CEO of Twitter about a year ago. Twitter's ad business, which fell in half after Elon Musk bought the company, continues to sputter. What a hard job Linda Yaccarino has! AdvertisementBy the time Yaccarino agreed to take the Twitter job, Musk's capricious track record as Twitter's owner had been well-established. Then, after formally hiring Yaccarino, Musk made it clear that while her title would be chief executive officer, she wouldn't actually be running the company.

Persons: Linda Yaccarino, Elon Musk, Musk, Yaccarino, they've, Linda, Don Lemon, Lemon, Twitter hasn't, wouldn't, she'd, he'd Organizations: NBC, Twitter, Elon, Business, New York Times, Times, CNN, Visa

☆ Tesla car that killed Seattle motorcyclist was in ‘Full Self-Driving’ mode, police say
▼ + stars: | 2024-07-31 | by ( ) edition.cnn.com time to read: +2 min

Reuters —A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second fatal accident involving the technology on which Tesla CEO Elon Musk is pinning his hopes. Tesla says its “Full Self-Driving (Supervised)” software requires active driver supervision and does not make vehicles autonomous. Previously, the National Highway Traffic Safety Administration (NHTSA) said there was one fatal accident involving a Tesla vehicle using FSD software between August 2022 and August 2023. This year, Musk shelved Tesla’s all-new affordable cars and increased his bets on self-driving vehicles, saying he will be shocked if Tesla cannot achieve full self-driving capability next year. In December 2023, Tesla was forced to recall nearly all its vehicles on U.S. roads to add safeguards to the software.

Persons: Elon Musk, Tesla, Waymo, Sam Abuelsamid, ”, Raj Rajkumar, Musk Organizations: Reuters, Tesla, Traffic Safety Administration, NHTSA, Carnegie Mellon University Locations: Seattle, Silicon

☆ Chinese EV makers are outpacing Tesla in one key area
▼ + stars: | 2024-07-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla is fighting to keep its EV crown, and Chinese automakers are already challenging Elon Musk's company in one crucial area: Innovation. The Washington DC-based think tank found that Chinese EV companies are 30% faster when it comes to developing and releasing new car models than automakers in other regions, including Tesla. AdvertisementAdditionally, Chinese electric-car companies like BYD are pumping out more new EVs than US automakers, including Tesla, ITIF said. The Think Tank warned US carmakers would need to "double down on genuine technological innovation" if they wanted to continue to compete with Chinese companies. Musk's company has been facing mounting pressure from EV companies in China, including BYD, which has been vying with Tesla for the title of top EV seller .

Persons: —, ITIF, Tesla, China's BYD, Li Auto, Musk Organizations: Service, Elon, Information Technology, Innovation Foundation, The Washington DC, EV, Business, BMW, Tesla, Reuters Locations: China

☆ Kim Yeji, the South Korean Olympic shooter who has taken the internet by storm
▼ + stars: | 2024-07-31 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

She’s Kim Yeji, the 31-year-old South Korean sharpshooter who has taken social media by storm following her appearance at the Paris Olympics. Kim won silver at the 10-meter air pistol event on Sunday, with her 19-year-old teammate Oh Ye Jin taking the gold. The platform’s owner, Elon Musk, meanwhile commented that Kim “should be cast in an action movie.”Kim, a first-time Olympian, will next compete at the qualifying round of the 25-meter pistol event on Friday. Kim (left) on the podium alongside gold-medal-winning team mate Oh Ye Jin and bronze medalist Manu Bhaker of India. Kim and Oh are roommates in the Olympic Village, according to the Associated Press, with Kim saying Oh was like a sister to her.

Persons: Kim Yeji, Kim, Oh Ye Jin, ” Charles McQuillan, Sauer, Charles McQuillan, ”, Elon Musk, Kim “, ” Kim, Manu Bhaker, Alain Jocard, “ Organizations: CNN, Paris, Twitter, Getty, Olympic Games, Associated Press, Olympics Locations: Azerbaijan, India, AFP

☆ With tech leaders like Elon Musk turning to Trump, more than 100 Silicon Valley investors pledge support for Harris
▼ + stars: | 2024-07-31 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

A group of right-wing venture capitalists have voiced support for Donald Trump and JD Vance, who was once a venture capitalist himself. "They don't speak for me," she said of Musk and other right-wing Silicon Valley leaders. "They don't speak for most of us. Harris, who was born in Oakland and is known as a pro-business politician, has a more sustained connection to Silicon Valley than Biden did. Next month, Harris will travel to Silicon Valley for a fund-raising trip in her continued effort reclaim the region amid its rightward tilt.

Persons: —, Kamala Harris —, Harris, Reid Hoffman, Mark Cuban, Ron Conway, Leslie Feinzaig, Graham, Walker, Donald Trump, JD Vance, Elon Musk, Marc Andreesen, Ben Horowitz, David Sacks, Trump, Feinzaig, MAGA, " Harris, Biden, Vance Organizations: Service, VCsForKamala.org, LinkedIn, Dallas Mavericks, Business, New York Times Locations: Oakland, Silicon, Silicon Valley

☆ Meta's AI claimed the Trump assassination attempt didn't happen. The company is blaming 'hallucinations.'
▼ + stars: | 2024-07-31 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The other involved Meta AI responses about the shooting, which in some instances inaccurately claimed the incident hadn't occurred at all. In the blog post for Meta, Kaplan denied the decisions had been made with bias. Kaplan said it is a "known issue" that chatbots like Meta AI can be unreliable when asked about breaking news or real-time events. Meta has updated its AI response on the topic, but Kaplan acknowledged, "We should have done this sooner." "These types of responses are referred to as hallucinations, which is an industry-wide issue we see across all generative AI systems, and is an ongoing challenge for how AI handles real-time events going forward.

Persons: —, Donald Trump, Trump, Joel Kaplan, Kaplan, Elon Musk, Mark Zuckerberg, he's Organizations: Service, Business, Trump, Meta, Big Tech

☆ Neuralink rival Synchron lets patients control Apple Vision Pro with their thoughts
▼ + stars: | 2024-07-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Neurotech startup Synchron on Tuesday announced it has connected its brain implant to Apple 's Vision Pro headset. Apple released the Vision Pro earlier this year, and users typically control it with eye movements, voice commands and hand gestures. He said Synchron will likely work to connect its BCI to other headsets, but it's starting with the Vision Pro. Apple has been "very supportive" of the Vision Pro integration, he added. Synchron is a part of an increasingly competitive BCI industry, and the company said Tuesday that it is the first to connect its system to Apple's Vision Pro.

Persons: Synchron, Thomas Oxley, Oxley, Elon Musk's, It's Organizations: BCI, U.S . Food, Drug Administration, Apple, Vision, CNBC, Neuroscience, Blackrock Neurotech Locations: U.S, Australia

How the election is dividing techThe tech world has long been divided by rivalries: Macs versus PCs, open source versus closed source. It’s a reminder, as DealBook has noted, that Silicon Valley’s libertarian wing is feeling more emboldened to flex its money and influence to buck what has become a traditionally Democratic consensus. Who’s who: Some of the most vocal Democratic donors among the tech elite are Hoffman; Vinod Khosla, the venture capitalist; Aaron Levie, the C.E.O. On the Republican side are a camp of libertarians that includes Musk and the investors Peter Thiel, David Sacks, Marc Andreessen and Ben Horowitz. Then there are those staying neutral, including Mark Zuckerberg of Meta, who are ostensibly trying to avoid antagonizing whoever wins in November.

Persons: Elon Musk, Reid Hoffman, Ryan Mac, Erin Griffith, Mike Isaac, DealBook, Who’s, Hoffman, Vinod Khosla, Aaron Levie, Roger McNamee, Peter Thiel, David Sacks, Marc Andreessen, Ben Horowitz, Mark Zuckerberg, Meta Organizations: Republican

☆ Tesla keeps touting self-driving but one analyst's near-crash shows it's 'not even close' to autonomy
▼ + stars: | 2024-07-30 | by ( Ana Altchek | ) 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 previewFollowing Elon Musk's bold assertions about "solving autonomy," a Truist Securities analyst took a Tesla Model Y out for a ride to test its Full Self-Driving capabilities. In a note seen by Business Insider, Truist analyst William Stein said the technology was "arguably worse than last time." This story is available exclusively to Business Insider subscribers. He said during the company's second-quarter earnings call that he would be "shocked" if the first Robotaxi ride wasn't possible next year, although he was unable to give an exact timeline.

Persons: —, Elon, William Stein, Stein, FSD, Tesla, Musk, Tesla didn't Organizations: Service, Truist Securities, Tesla, Business Locations: New York

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ Elon Musk said Tesla robotaxi skeptics should try ‘full self driving.’ A Wall Street analyst nearly crashed
▼ + stars: | 2024-07-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla CEO Elon Musk says anyone who doubts how valuable robotaxis will make the company should test drive its latest self-driving car. A Wall Street analyst did just that – and said the car almost crashed. The experience of WIlliam Stein, an analyst with Truist Securities, is not unique; others have also reported problems with Tesla’s full self driving, or FSD, feature. But a note from Stein raises questions as to whether the autonomous driving and robotaxis Musk is betting Tesla’s future on are as close as he claims. Tesla’s FSD driver-assist feature is sold as an $8,000 option.

Persons: Elon Musk, WIlliam Stein, Stein, Tesla’s, ”, Truist’s Stein, Yuki Iwamura, Musk, That’s, “, ” Musk, ” Tesla, FSD Organizations: New, New York CNN, Truist Securities, Tesla, Bloomberg, Traffic Safety Administration, NHTSA Locations: New York, ”

☆ Trump tells followers to 'GO AFTER' Meta and Google, citing censorship allegations shared by Elon Musk
▼ + stars: | 2024-07-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Read previewDonald Trump is again railing against Big Tech, accusing both Meta and Google of censoring content about him in "another attempt at RIGGING THE ELECTION!!!" In a post Tuesday on Truth Social, Trump referenced a photo taken after his assassination attempt that a Facebook communications exec previously acknowledged had been mistakenly fact-checked across the social network. The New York Post also reported Monday that after asking about the assassination attempt, Meta's AI assistant had responded that the event had never happened. Still, Trump urged his followers on Truth Social Tuesday to "GO AFTER META AND GOOGLE. Zuckerberg had called Trump a "badass" for surviving his assassination attempt, but that didn't stop Trump from threatening to send the Facebook cofounder to prison if he's elected.

Persons: —, Donald Trump, Trump, Dani Lever, Lever, Mark Zuckerberg, Zuckerberg, he's, Elon Musk, Elon Musk —, Harris • Donald Trump, Donald Trump Jr, Ted Cruz — Organizations: Service, Big Tech, Social, Facebook, Business, New York Post, Trump, Google

☆ AI risks destroying jobs. Tech leaders think they have the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

Persons: —, UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP

☆ The tech industry wants to create an AI utopia. Its leaders think Universal Basic Income is the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. Recently, the OpenAI CEO also floated the idea of what he calls "universal basic compute." AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

☆ Tesla faces fresh headache as it recalls 1.8 million vehicles over hood problems
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

The concerns revolve around issues with the software that detects when a hood is unlatched. AdvertisementTesla is recalling 1.8 million cars in the US due to issues with the hood, the National Highway Traffic Safety Administration said. The concerns revolve around issues with the software that detects when a hood is unlatched, the NHTSA said. If a hood is unlatched, there is a risk it could open fully, obstruct the driver's view, and cause a crash. The recall applies to certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles.

Persons: Tesla, — Organizations: NHTSA, Elon Musk's EV, Service, Traffic Safety Administration, Business

☆ 'White Dudes for Harris' fundraiser thinks Elon Musk might have suspended his account. He's going to keep using Twitter.
▼ + stars: | 2024-07-30 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Read previewOn Monday night, a group calling itself "White Dudes for Harris" hosted an online fundraiser aimed at … white dudes who support Kamala Harris. Organizers said thousands joined the call, and that the event raised more than $4 million for the Harris presidential campaign. But good luck understanding why Musk makes any decisions at Twitter about content moderation or anything else. AdvertisementAnd in cases like White Dudes for Harris, when it's unclear if he's done anything at all, people will be that much more inclined to believe he has done something. That includes Nellis, who says he'll continue to use the platform to promote White Dudes For Harris.

Persons: —, Harris, Kamala Harris, Mike Nellis, Nellis, @elonmusk, we've, we're, …, Elon Musk, Donald Trump, I've, Twitter, haven't, Musk, Bari Weiss, Matt Taibbi, Trump's, he'll, We're Organizations: Service, Twitter, Business, Nellis, Meta, Trump PAC, Trump

☆ Tesla is having trouble wooing new EV shoppers
▼ + stars: | 2024-07-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

That's bad news for Tesla, especially as a yearlong slowdown in EV demand is beginning to impact the EV leader's sales. That's off from 55% share a year ago and nearly 80% market share back in 2020, according to Experian data. AdvertisementThat leaves a potential opening for traditional automakers at a time when the EV market is getting tougher. That's already helped the brand chip away at Tesla's market share. And at Ford, EV sales were up 61% in the second quarter, trailing only Tesla in sales so far in 2023.

Persons: —, Tesla, Elon, Power, Frank Hanley, That's, Hanley Organizations: Service, JD Power, Business, Cox Automotive, EV, Chevrolet, Silverado, Ford

☆ Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.
▼ + stars: | 2024-07-29 | by ( Jack Ewing | Peter Eavis | ) www.nytimes.com time to read: +1 min

In Mr. Musk’s telling, one of Tesla’s main A.I.-based businesses will be driverless taxis, or robotaxis, that can operate pretty much anywhere and in any condition. Tesla is very close to perfecting such vehicles and will easily secure regulatory approval to put them on roads, Mr. Musk said last week on a conference call to discuss the company’s second quarter results. Mr. Musk’s vision of autonomous vehicles, or A.V.s, is not limited to cars that drive themselves. He has also claimed that individuals who buy Teslas would be able to make money when they are asleep or at work by letting the company use their cars as robotaxis. The robotaxi service will, Mr. Musk has said, catapult Tesla’s stock market valuation, around $700 billion now, into the trillions of dollars.

Persons: Elon Musk, Musk’s, Tesla, Musk Organizations: Wall

☆ Asia's governments seem to think declining birth rates have to do just with dating and sex. That's not the full story.
▼ + stars: | 2024-07-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +9 min

AdvertisementDeclining birth rates have been a huge bugbear for Asian countries like Japan and South Korea. Vanessa LeeLee, who owns two dogs and a cat, said that governments may be overestimating the effectiveness of one-off interventions in bolstering birth rates. AdvertisementShe added that a shift in societal mindsets toward work and family needs to occur for her peers to consider having children. But it also doesn't guarantee that having sex brings children and that not having sex is the only reason why people are not having children," Gietel-Basten said. Low birth rates, according to HKUST's Gietel-Basten, are a "barometer of the challenges in society" and should thus be seen as "symptoms of problems in a society."

Persons: —, Vanessa Lee, Lee, Elon Musk, Paulin Straughan, Poh Lin Tan, Tan, Jonas Hue, Vanessa Lee Lee, It's, Emily Huang, Stuart Gietel, Basten, SMU's Straughan, Straughan, HKUST's, we're Organizations: Service, Business, Internal, Ministry, Asahi Shimbun, South, Singapore Management University, Singapore's Institute of Policy, Nordic, Hong Kong University of Science, Technology Locations: Singapore, Japan, South Korea, Korea, Tokyo, Seoul, Sweden, Finland, Hong Kong, Basten

Less than an hour after a gunman in Butler, Pa., tried to assassinate Donald J. Trump this month, David Sacks, a venture capitalist based in San Francisco, directed his anger about the incident toward a former colleague. “The Left normalized this,” Mr. Sacks wrote on X, linking to a post about Reid Hoffman, a technology investor and major Democratic donor. Mr. Sacks implied that Mr. Hoffman, a critic of Mr. Trump who had funded a lawsuit accusing the former president of rape and defamation, had helped cause the shooting. Elon Musk, who leads SpaceX and Tesla and previously worked with Mr. Sacks and Mr. Hoffman, then weighed in on X, name-checking Mr. Hoffman and saying people like him “got their dearest wish.”In Silicon Valley, the spectacle of tech billionaire attacking tech billionaire has suddenly exploded, as pro-Trump executives and their Democratic counterparts have openly turned on each other. The brawling has spilled into public view online, at conferences and on podcasts, as debates about the country’s future have turned into personal broadsides.

Persons: Donald J, Trump, David Sacks, “, Mr, Sacks, Reid Hoffman, Hoffman, Elon Musk Organizations: Democratic, SpaceX, Tesla, Trump Locations: Butler, Pa, San Francisco, Silicon Valley

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