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☆ New Tesla video shows an early glimpse at how Elon Musk's robotaxi service could look
▼ + stars: | 2024-06-20 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewWe're less than two months away from Tesla's Robotaxi unveiling, but we're already getting an early glimpse at the ride-hailing platform on which the autonomous vehicles are expected to operate. "Still pinching myself that I got to demo Tesla's ride-hailing platform!" The video shows Nathans requesting the service by pressing a black-and-white circle with the word "Summon" within an app. The video shows Nathans adjusting her preferred temperature before the car arrives. AdvertisementTesla's Full Self-Driving software, which is still in beta, is the underlying software technology that the company is working on to power a stand-alone Tesla Robotaxi service.

Persons: —, Tesla's, we're, Rosalie Nathans, she's, Nathans, there's, Elon Musk's, Tesla, Musk, Walter Isaacson Organizations: Service, Tesla, Business, Elon, EV, Reuters Locations: Texas

☆ The man who dared to revolt against Sam Altman at OpenAI just started a research lab promoting 'safe superintelligence'
▼ + stars: | 2024-06-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI cofounder and former chief scientist Ilya Sutskever announced his new venture on Wednesday — a research lab committed to developing "safe superintelligence." "I am starting a new company," Sutskever said of his new project, Safe Superintelligence Inc. (SSI) in an X post. I am starting a new company: https://t.co/BG3K3SI3A1 — Ilya Sutskever (@ilyasut) June 19, 2024According to SSI's website, the lab has "one goal and one product: a safe superintelligence." AdvertisementRepresentatives for Safe Superintelligence and OpenAI didn't immediately respond to requests for comment from BI sent outside regular business hours. Following Altman's return, Sutskever appeared to have been shut out of OpenAI, BI reported in December, citing people familiar with the situation.

Persons: —, Ilya Sutskever, Sutskever, BG3K3SI3A1 — Ilya Sutskever, Daniel Gross, Daniel Levy, Ashlee Vance, Bloomberg's Vance, OpenAI didn't, Elon Musk, Sam Altman's, Altman, Altman's, OpenAI, splintering, Dario, Daniela Amodei Organizations: Service, Superintelligence Inc, Business, SSI, Apple, BI, OpenAI, Amazon, Google Locations: OpenAI

☆ WPP CEO: X content moderation lives up to industry expectation
▼ + stars: | 2024-06-20 | 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 EmailWPP CEO: X content moderation lives up to industry expectationMark Read, CEO at WPP, discusses Elon's Musk's comments to advertisers at Cannes Lions and explains how the company are using AI in their latest innovations.

Persons: Mark Read Organizations: WPP, Cannes Lions

☆ MNTN CEO Mark Douglas talks Elon Musk looking to bring advertisers back to X
▼ + stars: | 2024-06-20 | 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 EmailMNTN CEO Mark Douglas talks Elon Musk looking to bring advertisers back to XHosted 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 Douglas, Elon Musk, Brian Sullivan, “ Organizations: CNBC

☆ Stocks making the biggest moves premarket: Nvidia, Trump Media, Accenture and more
▼ + stars: | 2024-06-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Accenture — The tech stock jumped 8.6%. While Accenture missed earnings and revenue expectations in its latest quarter, according to FactSet, the information technology company posted more than $900 million in new generative AI bookings. Trump Media & Technology Group — Shares tumbled nearly 12% after the company on Tuesday said that its registration of additional shares was declared effective by the Securities and Exchange Commission. Dell Technologies , Super Micro Computer — Shares jumped more than 4% each. Advanced Micro Devices — Shares added about 1% after Piper Sandler called the semiconductor stock a top pick among large caps.

Persons: Elon Musk, Dell, Musk, LSEG, Piper Sandler, — CNBC's Michelle Fox, Hakyung Kim Organizations: Accenture, Trump Media & Technology, Securities and Exchange Commission, Nvidia, Microsoft, Dell Technologies, xAI, Hewlett Packard Enterprise, Juniper Networks, Juniper, KB

☆ Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
▼ + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware makers will provide servers to help his artificial intelligence startup xAI develop a supercomputer. "Dell is assembling half of the racks that are going into the supercomputer that xAI is building," Musk said in an X post, adding that Super Micro will also be involved. Dell shares climbed more than 3% in premarket trading, while Super Micro popped roughly 5%. The technology would potentially help Tesla develop the computer vision and large language models needed for robots and autonomous vehicles. Michael Dell, CEO of Dell, said Wednesday in an X post that his firm is building a "Dell AI factory" with Nvidia to power Musk's AI bot Grok.

Persons: Elon Musk, Tesla, Musk, Michael Dell Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Dell Technologies, Micro Computer, Dell, Microsoft, Google, Nvidia Locations: Beverly Hills , California, Buffalo , New York, Austin , Texas

☆ CNBC Daily Open: Le Pen's 28-year old protégé
▼ + stars: | 2024-06-20 | 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. China holds rates, stocks dipMarkets in the Asia-Pacific region were trading mostly lower after the People's Bank of China held interest rates unchanged. Russia-North Korea partnershipRussia and North Korea signed a "comprehensive strategic partnership" deal on Wednesday, including a mutual defense pact, during President Vladimir Putin's first state visit to North Korea in 24 years. Musk clarifies remarksElon Musk attempted to clarify his controversial remarks after advertisers threatened to leave X. Musk previously told advertisers to "go f--- yourself."

Persons: Hai Precision Industry —, Foxconn —, Australia's, Guzman Y Gomez, Vladimir Putin's, Putin, Kim Jong Un, CNBC's Holly Ellyatt, Elon Musk, Musk, Goldman Sachs Organizations: New York Stock Exchange, CNBC, People's Bank of China, CSI, Hai Precision Industry, Nikkei, of England, Cannes Lions Locations: New York City, China, Asia, Pacific, Seng, Taiwan, Russia, North Korea, Ukraine, Cannes, France, Europe

☆ SpaceX unveils backpack-sized 'Starlink Mini' satellite internet antenna for $599
▼ + stars: | 2024-06-20 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The company is offering a "limited number" of the Starlink Mini antennas for $599 each in an early access release. SpaceX is rolling out a compact version of its Starlink antennas called "Mini," which the company is advertising as a mobile option for its satellite internet customers. The Starlink Mini antenna is about the size and weight of a laptop, at just over 2 pounds and measuring at about 12 inches by 10 inches by 1.5 inches. The email did not specify when Starlink Mini deliveries would begin. SpaceX CEO Elon Musk wrote in a post Monday that setting up a Starlink Mini took less than 5 minutes.

Persons: Mini, Michael Nicolls, Elon Musk, Musk Organizations: SpaceX, CNBC, Starlink Locations: United States

☆ Stocks making the biggest moves midday: Gilead Sciences, Accenture, Trump Media, AMD and more
▼ + stars: | 2024-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Trump Media & Technology Group — After former President Donald Trump's company said on Tuesday that the Securities and Exchange Commission had declared effective Trump Media's registration of additional shares, the stock dropped 13.5%. Super Micro Computer — Shares jumped 5% after Elon Musk said the company will help his AI firm, xAI, build a supercomputer . Winnebago reported $1.13 in adjusted earnings per share on $786 million of revenue for its fiscal third quarter. Commercial Metals — Shares gained 5.6% after the company reported a revenue beat for its third quarter. Analysts surveyed by LSEG had forecasted $1.80 earnings per share and $1.65 billion in revenue.

Persons: lenacapavir, Donald Trump's, Elon Musk, Piper Sandler, Winnebago, FactSet, Heather Balsky, Jabil, LSEG, —, Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound, Lisa Han Organizations: Accenture, Gilead Sciences, Trump Media & Technology, Securities and Exchange Commission, Trump, Darden, Garden, LongHorn, LSEG . Revenue, Winnebago Industries, Bank of America, Jazz Pharmaceuticals, Metals, Revenue, KB

☆ Elon Musk's Boring Company reduced the natural beauty of Texas to 'gravel mines,' resident says
▼ + stars: | 2024-06-20 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Elon Musk moved The Boring Company to Texas in 2021, per the Times of London. A resident told the outlet it has turned Texas' "incredible vistas" into "gravel mines." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's construction company, The Boring Company, has turned Texas' "incredible vistas" into "gravel mines," a longtime resident told The Times of London. According to The Times, Musk moved his tunnel-building venture to Bastrop, a rural town of about 12,000 people located 30 miles east of Austin, in 2021.

Persons: Elon Musk, —, Erin Flynn, Musk Organizations: Boring Company, Service, Elon, The Boring Company, Times, The Times, Business Locations: Texas, London, Bastrop, Austin

☆ Elon Musk is trying to woo advertisers after telling them to ‘go f–k yourself’
▼ + stars: | 2024-06-20 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk told advertisers last year to “go f**k yourself.” This year, he is showcasing a much different attitude. The erratic billionaire, realizing that he very much needs major advertisers to power X, was in the South of France on Wednesday, attending Cannes Lions, the world’s largest advertising festival. Put together, it’s is no mystery why major brands have taken their advertising dollars elsewhere. Musk even said at the time that the damage to X’s bottom line was so great, it could eventually kill the company. Musk likely does not want to see the platform go the way of the woolly mammoth, which is why he is now trying to woo advertisers back.

Persons: New York CNN — Elon Musk, Mark Read, Musk, —, ” Read, Andrew Ross Sorkin, hadn’t, “, ” Musk, X, it’s, ”, Joe Biden’s, Donald Trump Organizations: New York CNN, France, Cannes Lions, WPP, SpaceX, Associated Press, Washington Post, Democratic Party, Republicans Locations: New York, South, Israel, Mexico, Washington

☆ Elon Musk really wants advertisers' money. But he also wants to keep tweeting. He can't have both.
▼ + stars: | 2024-06-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

His anti-revenue campaign reached its peak/nadir last fall, when he literally told advertisers to "go fuck yourself." And that's where Musk explained that when he told advertisers to go fuck themselves last year, he didn't mean all advertisers. "It was with respect to freedom of speech," he told Read. AdvertisementMeanwhile, the exodus of big brand advertisers has pushed Twitter ad rates way, way down. And I do shoot myself in the foot from time to time," he told Read.

Persons: —, Elon Musk, Mark Read, Musk, Read, Oliver Darcy, Joe Biden's, Donald Trump, Barack Obama, Joe, Puck, there's, It's Organizations: Service, Elon, Business, Cannes, WPP, Twitter, YouTube, Facebook, CNN, Associated Press, Washington Post, Democratic Party, Republicans, Google, Media Locations: France, Mexico, Washington

☆ Elon Musk softens 'go f--- yourself' comment as he tries to woo advertisers back to the platform
▼ + stars: | 2024-06-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

At the Cannes Lions advertising festival in Cannes, France, Musk was asked by WPP CEO Mark Read why he told advertisers threatening to pull ads from the platform late last year to "go f--- yourself." Musk said it was meant as a general point on free speech rather than a comment to the wider advertising industry. "In some cases, there were advertisers who were insisting on censorship," Musk said. "We're going to support free speech rather than agree to be censored for money which I think is the right moral decision," he added. He was joined by Linda Yaccarino, X's CEO and former chairman of global advertising and partnerships for NBC Universal.

Persons: Musk, Elon Musk, Mark Read, Linda Yaccarino Organizations: Cannes Lions, WPP, Cannes, NBC Universal Locations: Cannes, France

☆ A Vegas investor says he was invited to go on OceanGate's submersible but made up an excuse to get out of the trip because he didn't trust Stockton Rush's safety claims
▼ + stars: | 2024-06-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Read previewJay Bloom, a Las Vegas investor, says he was offered seats on OceanGate's Titan submersible but got nervous about safety and lied about a scheduling conflict to get out of it. "And he's telling me that it's safer than flying helicopters, it's safer than scuba diving, and safer than crossing the street." AdvertisementBloom told Newsweek that he and his son then made up a scheduling conflict and bowed out of the June 2023 dive. The Titan submersible set off to explore the Titanic wreck on June 18 but lost contact with its support ship within two hours. AdvertisementStill, Bloom told Newsweek that he might be willing to venture to the wreck of the Titanic if it were a Navy expedition or one guided by James Cameron.

Persons: —, Jay Bloom, Bloom, Sean, Stockton Rush, Rush, OceanGate, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, James Cameron, Elon Musk, let's, I'd, he's, Let's Organizations: Service, Newsweek, Business, Facebook, Stockton, US Coast Guard, Navy, Stockton Rush Locations: Las Vegas, British, British Pakistani

☆ Elon Musk really doesn't want to live forever
▼ + stars: | 2024-06-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Elon Musk isn't interested in living forever. In a recent interview, Musk said if people live too long they inhibit new ideas. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUnlike some of his contemporaries, Elon Musk isn't interested in living forever. "If we live for too long, I think it does ossify society.

Persons: Elon, isn't, Musk, —, Elon Musk isn't, hadn't, Mark Read Organizations: Service, Cannes Lions International, Creativity, WPP, Business

☆ Elon Musk sure wants people to know he was the one to name OpenAI
▼ + stars: | 2024-06-19 | by ( Kiera Fields | ) www.businessinsider.com time to read: +1 min

Billionaire Elon Musk spoke to WPP CEO Mark Read in an interview at Cannes Lions on Wednesday. On the topic of the future of AI, Musk reminded the audience he cofounded OpenAI as a nonprofit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk reminded the audience at Cannes Lions on Wednesday that he was the person to name OpenAI as he made a jab at the direction the company has taken since then. Musk took to the festival stage as a guest speaker in an interview with WPP CEO Mark Read, where he discussed technical innovation.

Persons: Elon Musk, Mark Read, OpenAI, —, Musk, Read Organizations: WPP, Cannes Lions, Service, Business

☆ Elon Musk says he wants Optimus to be a 'good looking robot' that people think of as a friend
▼ + stars: | 2024-06-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Elon Musk says he wants Tesla's humanoid robot to be considered a friend. Musk discussed the robot's potential at the Cannes Lions International Festival of Creativity. AdvertisementElon Musk wants you to think of Tesla's Optimus robot as a friend. Speaking at the Cannes Lions International Festival of Creativity, Musk discussed Tesla's ambitions for its humanoid robot. "I think people will start to regard their personal Optimus robot as sort of a friend," he said, likening it to characters from pop culture like Star Wars' robot R2-D2.

Persons: Elon Musk, Musk, — Organizations: Cannes Lions International, Creativity, Service, Business

☆ There's a pipeline of former Tesla staffers to Elon Musk's shiny new startup xAI
▼ + stars: | 2024-06-19 | by ( Kali Hays | Grace Kay | ) www.businessinsider.com time to read: +5 min

People who work for an Elon Musk company have an opportunity to do something uncommon in business. Some recently sued Musk over claims that he's funneling AI talent to xAI instead of Tesla. He said earlier this year he was "uncomfortable" expanding Tesla's AI and robotics capabilities without additional voting control. Related storiesThe carmaker's CEO also recently diverted prized chips necessary for AI work that was headed for Tesla to xAI, CNBC reported. Most of the xAI employees who formerly worked at Tesla started working at the startup immediately after Tesla enacted mass layoffs earlier this year.

Persons: Musk, Tesla, xAI, —, Kali Hays, Grace Kay Organizations: Service, Elon Musk, Business, xAI, Twitter, CNBC, BI, EV, SpaceX, The Boring Locations: Neuralink, Tesla, xAI, khays@businessinsider.com, gkay@businessinsider.com

☆ I drove a Tesla for the first time. It's perfectly fine — but still left me underwhelmed.
▼ + stars: | 2024-06-19 | by ( Chris Johnston | ) www.businessinsider.com time to read: +5 min

Read previewRegular readers of Business Insider know that we write rather frequently about Elon Musk and Tesla, his electric car maker. That's because he's a fascinating character, Tesla is a fascinating company — and we know you like reading about both. I downloaded the Tesla app on my iPhone and the owner added me to his account, meaning no physical key was needed. The trunk of the Tesla Model 3 could fit quite a lot of luggage. If I had to sum it up in a sentence, it'd be this: the Tesla was just a bit boring.

Persons: —, Elon, Tesla, I'd, Elon — I'm Organizations: Service, Business, BI, Oxford, Radcliffe, UCG, Tesla, Elon, Ford Locations: Atlanta, London, America, Oxford

☆ Elon Musk is sued by another ex-Twitter exec, who says top bosses were 'cheated' out of $200 million in severance
▼ + stars: | 2024-06-18 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Elon Musk is facing another lawsuit over his turbulent takeover of Twitter. Twitter's former Chief Accounting Officer is suing Musk over $3.75 million in unpaid severance. Earlier this year, four other ex-Twitter senior execs sued Musk over unpaid severance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's legal battles keep piling up — and now he's facing a lawsuit from another former Twitter executive.

Persons: Elon Musk, Musk, execs, —, Elon, Robert Kaiden, Kaiden Organizations: Twitter, Service, Northern, Court, Business Locations: California

☆ Elon Musk's gamer streams are a new way to hear him riff on Tesla, SpaceX, and Neuralink
▼ + stars: | 2024-06-18 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Fans can tune into Elon Musk's gamer livestreams on X, which can last multiple hours. Musk streams under the handle cyb3rgam3r420 and plays games and answers questions via the chat. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A known avid gamer, the Tesla CEO has recently been streaming live on X, formerly Twitter, the social media company he owns. The livestreams are under his gamer-focused handle @cyb3rgam3r420 (yes, it references 420 — a favorite number of Musk's), not his usual @elonmusk handle.

Persons: Musk, —, Elon Musk Organizations: Elon, Service, Business Locations: Mars

☆ Chinese official slams EU probe into EV subsidies as 'selective'
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The Commission considers that the sample was selected in accordance with the WTO rules and the corresponding EU legislation in this regard," he said. "The Volkswagen Group confidently accepts the growing international competition, including from China, and sees this as an opportunity. The NDRC's Jin added that the EU anti-subsidy probe does not appear to be based off an industry or business complaint. "Consequently, the Commission has reached out to Chinese authorities to discuss these findings and explore possible ways to resolve the issues identified in a WTO-compatible manner," the EU statement said. The Biden administration in May announced it would raise tariffs on imports of Chinese electric cars from 25% to 100%.

Persons: Olof Gill, Gill, BEV, Oliver Zipse, Elon, Jin, EU's Gill, BEV producers, Biden Organizations: CNBC, WTO, Major, Volkswagen Group, EU, Volkswagen, U.K, BMW Group, BMW, SAIC, EV, EVs Locations: Union, China, Germany, Europe, Western Europe, Shanghai, EU, WTO

☆ We now know just how much money Elon Musk's X made after his takeover — and it's a lot less than before his purchase
▼ + stars: | 2024-06-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Elon Musk himself had said in 2023 that X's revenue was down. X revenues plunged 40% in the months after Elon Musk took over, Bloomberg reported. AdvertisementElon Musk was right: X did lose lots of revenue when he took over. X revenues plunged in the wake of Elon Musk's fraught acquisition of the social media giant, new documents obtained by Bloomberg reportedly show. According to regulatory filings seen by Bloomberg, X generated $1.48 billion in revenue in the first half of 2023 — down roughly 40% from the first six months of 2022 before Musk's takeover.

Persons: Elon Musk, —, Elon Organizations: Elon, Bloomberg, Service, Musk's, Business

☆ Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs
▼ + stars: | 2024-06-18 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The sale was valued at 310.5 million Hong Kong dollars ($40 million). BYD shares had closed at a record high in June of that year. In 2008, Berkshire spent $230 million in buying BYD shares at an average of HK$8 ($1.02) apiece. Berkshire still holds 75.7 million Hong Kong-listed shares of BYD, which were worth about 17.6 billion Hong Kong dollars ($2.3 billion) by Tuesday.

Persons: Hong Kong CNN — Warren, Berkshire Hathaway, Tesla, Buffett, Daniel Acker, Biden, Wang Chuanfu, Elon Musk’s Tesla, didn’t, Charlie Munger, Munger “, ” Organizations: Hong Kong CNN, Hong Kong, Berkshire, Bloomberg, Getty, European Union, European Commission, EU, EV, HK, CNN Locations: China, Hong Kong, BYD, European, Europe, Beijing, United States, Shenzhen, Berkshire

☆ Elon Musk's Starlink satellites could burn up the ozone layer, scientists warn
▼ + stars: | 2024-06-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewInternet satellite networks like Elon Musk's Starlink could contribute toward the depletion of the ozone layer, a new study claims. There are currently more than 8,000 internet satellites in low-earth orbit, of which about 6,000 are Starlink ones, a press statement said. SpaceX has plans to launch another 42,000 Starlink satellites, according to Space.com. The first launch carrying experimental Starlink satellites was in 2019. AdvertisementA 1987 ban on CFCs helped slow the process, and by 2013, authorities were projecting that the ozone layer would repair itself within a few decades.

Persons: —, Elon Musk's, Mark Handley, University College London Elon Musk, CFCs, Starlink Organizations: Service, Elon, University of Southern California's Department, Astronautical Engineering, Business, SpaceX, Amazon, University College London Elon, European Space Agency, USC Locations: Ukraine, Antarctica, Brazil

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