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☆ Elon Musk made another big promise he may not be able to keep
▼ + stars: | 2024-07-27 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Amid a lackluster earnings call, Tesla CEO Elon Musk said he plans to make Dojo compete with Nvidia. It's not the first time Musk has made an extremely optimistic promise about what his tech can do. AdvertisementElon Musk made another big promise this week during a lackluster earnings report that sent Tesla stock tumbling more than 7% before he logged off the call and didn't recover all week. The Tesla CEO said the company will "double down" on developing its Dojo supercomputer, in hopes of competing with the chip-producing giant Nvidia. "We do see a path to being competitive with Nvidia with Dojo," Musk told investors and analysts during Tuesday's call.

Persons: Elon Musk, —, Musk Organizations: Nvidia, Service, Dojo, Business

☆ Elon Musk is probably getting a little nervous
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | Hannah Getahun | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTesla on Tuesday had a lackluster earnings report that revealed the electric vehicle maker once again missed investor expectations. And Elon Musk is probably a little nervous. Advertisement"I want to be clear that was in Tesla's interest, not contrary to Tesla's interest," Musk said. In Q2 earnings, Tesla reported a 7% decrease in year-over-year automotive revenue, which contributed to the company's diminished profits.

Persons: —, Tesla, Elon Musk, Musk, xAI, Gene Munster, Dan Coatsworth, AJ Bell, Musk's, doesn't, Coatsworth Organizations: Service, Business, Deepwater Asset Management, CNBC, Tesla, Reuters

☆ Mark Zuckerberg is asking the audience to help rate his AI-generated drip
▼ + stars: | 2024-07-24 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg put together AI-generated photos of him in various outfits. The images, created by Meta AI, included one of him buried in ridiculously large gold chains. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg may be looking for his next style era after asking the internet on Tuesday to choose between four AI-generated photos of him in outfits.

Persons: Mark Zuckerberg, Zuckerberg, —, Charlie Puth Organizations: Meta, Service, Business

☆ Tesla keeps touting future plans. But without specific details, investors aren't buying it.
▼ + stars: | 2024-07-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at another Tesla earnings report that was light on details about big future plans . The approach worked well last quarter when Tesla's earnings report was even worse than expected . However, big-picture plans without concrete details fell flat for investors this time around. It's Tesla's silver lining amid the EV market slowdown. But as beneficial as competitors were to Tesla this quarter, others seem to be gearing up for battle.

Persons: Jordan Strauss, Chelsea Jia Feng, Elon, Katherine Tangalakis, Hannah Getahun, that's, —, Musk, Toby Melville, BI's Nora Naughton, It's, BI's Jordan Hart, Sundar Pichai, Waymo, Jenny Chang, Rodriguez, Wall, Keith Lerner, Ed Yardeni, Michael M, Tyler Le, Jensen Huang, Rebecca Zisser, Biden, Benjamin Netanyahu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Business, Chelsea, AP, Tesla, Getty, BI Supply, Nvidia, Big Tech, Hollywood, AWS, Microsoft, Paramount, Digital, Google, IBM, Ford Motors, Samsung, Galaxy, The Locations: Waymo, San Francisco, Phoenix, New York, Paris, London

☆ Billionaire Palmer Luckey keeps getting stuck in the elevator of his car mansion, lawsuit claims
▼ + stars: | 2024-07-23 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Palmer Luckey claims the elevators and scissor lifts in his Newport Beach home keep getting stuck. Luckey is suing the builders of his home, which is meant to house his automobile collection. Luckey said the builders breached their contract, but the builders denied the claims. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWar weapons entrepreneur and Oculus founder Palmer Luckey is suing the developers who helped build his Newport Beach, California mansion because people kept getting stuck in the scissor lifts and elevator in the home, a lawsuit claims.

Persons: Palmer Luckey, Luckey, — Organizations: Newport Beach, Service, Newport, Orange County Superior, Business Locations: Newport, Newport Beach , California, Orange County

☆ Fake filming notices are popping up around New York City with bizarre plots, including one where Carrie Bradshaw dates Mr. Bean
▼ + stars: | 2024-07-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Fake film notices for 'And Just Like That…' are going viral in New York City. The flyers feature bizarre plots like Carrie Bradshaw dating Mr. Bean. AdvertisementImagine if the next season of "And Just Like That…" featured Sarah Jessica Parker's character Carrie Bradshaw on a date with Mr. Bean. At least one person in New York is imagining it, according to a series of fradulent film notices appearing around the city and going viral on social media. The notices, taped on signposts and electric boxes, feature a fake warning that the show will be filming in the area and a description of a bizarre episode plot.

Persons: Carrie Bradshaw, Bean, Doug, —, Sarah Jessica Parker's, . Bean Organizations: Service, Business Locations: New York City, New York

☆ Kamala Harris says Biden stepping down is a 'selfless and patriotic act' and asserts her intention to win the Democratic nomination
▼ + stars: | 2024-07-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

President Joe Biden exited the 2024 race on Sunday and endorsed Kamala Harris. Harris praised Biden's decision to step down and declared her intention to win the nomination. AdvertisementVice President Kamala Harris said she's stepping up to the plate after President Joe Biden bowed out of the 2024 race on Sunday. In a statement issued Sunday, Harris called Biden's stepping down a "selfless and patriotic act" and thanked Biden for serving as president. "I am honored to have the president's endorsement, and my intention is to earn and win this nomination," she wrote.

Persons: Joe Biden, Kamala Harris, Harris, Donald Trump, —, she's, Biden Organizations: Service, Democratic, Business

☆ Obama was startled by how 'disoriented' Biden appeared during a June fundraising event, NYT reports
▼ + stars: | 2024-07-20 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Read previewDuring a campaign fundraising event in June, President Joe Biden's disoriented state while onstage left former President Barack Obama "startled," The New York Times reported. The event in question — a Los Angeles fundraiser hosted by Jimmy Kimmel — included a viral moment where it appeared Obama led a frozen Biden offstage. Multiple reports indicate that Obama expressed concerns about Biden's ability to beat Republican nominee Donald Trump. Related storiesBehind the scenes, Biden is considering what an exit from the 2024 race might look like, per multiple reports. "He's the best person to take on Donald Trump," Biden's reelection campaign chair, Jen O'Malley Dillon, said on "Morning Joe."

Persons: —, Joe Biden's, Barack Obama, Jimmy Kimmel —, Obama, Biden, COVID, Hillary Clinton, Donald Trump, Biden's, Jen O'Malley Dillon, Joe Organizations: Service, New York Times, White House, Business, Times, Republican, Trump, Democratic, Democratic National Convention Locations: Los Angeles, Delaware

☆ Bill Gates hopes Elon Musk will talk about climate but says the Tesla CEO will 'talk about whatever he feels like'
▼ + stars: | 2024-07-20 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The former Microsoft CEO also said he hopes Elon Musk will comment on the climate crisis more. The two billionaires have a history of public disagreements on various topics, including climate. AdvertisementBill Gates believes Tesla is a "super important" contribution to combatting the climate crisis, but he hopes Elon Musk will discuss it more. Gates, who sat down with Bloomberg to talk about his climate tech investments, told the publication that he spoke to Musk during the Breakthrough Prize award ceremony in April. Bloomberg Senior Executive Editor John Fraher then asked the former Microsoft CEO whether he was "disappointed that Elon doesn't really seem to talk much about climate these days."

Persons: Bloomberg's John Fraher, Bill Gates, Tesla, Elon, —, Gates, John Fraher, Elon doesn't Organizations: Microsoft, Service, Bloomberg, Business

☆ The CrowdStrike outage affected less than 1% of Windows machines, but it was enough to send the world into chaos
▼ + stars: | 2024-07-20 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

A worldwide IT outage caused by a CrowdStrike update disrupted air travel, banking, and TV. Microsoft estimated that 8.5 million machines using Windows software were affected. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA worldwide IT outage on Friday caused by an update issued by cybersecurity firm CrowdStrike resulted in widespread disruptions to air travel, banking services, and even television broadcasts. Microsoft announced Saturday that the outage affected less than 1% — or about 8.5 million — machines using Windows software worldwide.

Persons: — Organizations: Microsoft, Service, Business

☆ Sam Altman's infinity pool flooded his $27 million Russian Hill mansion, lawsuit says
▼ + stars: | 2024-07-17 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Sam Altman's $27 million mansion is riddled with defects, a lawsuit claims. The lawsuit also claims developer Troon Pacific knew of significant issues before selling the home. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It also claims that the CEO of Troon Pacific was "aware of pervasive and significant defects" with the home but sold it to Altman anyway.

Persons: Sam Altman's, Altman, —, Sam Altman Organizations: Troon, Service, San, San Francisco Superior, Lombard St, Troon Pacific, Business Locations: San Francisco, Lombard

☆ The Secret Service can't legally ban guns outside the RNC, but a copycat assassination attempt on Trump is unlikely
▼ + stars: | 2024-07-15 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewThe Secret Service can't ban guns near the Republican National Convention following an assassination attempt on former President Donald Trump — but convention-goers shouldn't spend their time worrying about a copycat attempt, one gun violence expert told Business Insider. The incident resulted in a flurry of criticism directed at the Secret Service and concerns about the safety of the former president and attendees at the RNC. AdvertisementThe Secret Service safety planThe Secret Service released its RNC safety plan in June, detailing how several blocks around the Fiserv Forum will be cordoned off in two perimeters: an outer perimeter and an inner perimeter only accessible to pedestrians. Related storiesAttendees in the inner perimeter will be barred from bringing in guns — though guns will still be allowed outside. The Secret Service announced that guns would be allowed outside the red zone due to Wisconsin's gun laws.

Persons: —, Donald Trump —, shouldn't, Trump, James Alan Fox, Fox, We've, Jeffery Norman Organizations: Service, Republican, Convention, Business, Secret, RNC, Milwaukee Sunday, Northeastern University, Milwaukee Police, Secret Service, States Secret Locations: Wisconsin, Milwaukee

☆ Biden campaign will pull down TV ads following shooting incident at Trump rally
▼ + stars: | 2024-07-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The Biden campaign said it's pausing "outbound communications" after a shooting at a Trump rally. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden will be pausing campaign communications following a shooting incident at a Donald Trump campaign rally on Saturday. "The Biden campaign is pausing all outbound communications and working to pull down our television ads as quickly as possible," a Biden campaign official told Business Insider in a statement. This story is available exclusively to Business Insider subscribers.

Persons: Biden, Trump, —, Joe Biden, Donald Trump Organizations: Biden, Trump, Service, Business

☆ Elon Musk says he 'fully' endorses Donald Trump after shots fired during campaign rally
▼ + stars: | 2024-07-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Musk endorsed Trump after the former president appeared to be injured at a Pennsylvania rally. Trump had to be escorted offstage after gunshots rang out during his rally. AdvertisementElon Musk announced on Saturday that he "fully" endorsed Donald Trump minutes after gunshots erupted at the former President's Pennsylvania campaign rally. "I fully endorse President Trump and hope for his rapid recovery," the tech billionaire wrote on Saturday. Musk also posted a widely shared photo of the former president being escorted off stage after gunshots rang out from the crowd.

Persons: Musk, Trump, Theodore Roosevelt, —, Elon Musk, Donald Trump Organizations: Trump, Service, Business Locations: Pennsylvania

President Donald Trump was escorted offstage after loud pops rang out during his rally. Video of the incident shows Trump with blood on his face, clutching his ear, in front of a screaming crowd. The former president was escorted off the stage by Secret Service. AdvertisementSecret Service agents escorted former President Donald Trump off the stage of his Saturday campaign rally after loud pops that sounded like gunshots rang out from the crowd. Video of the rally, held in Pennsylvania, shows Trump ducking and appearing to move his hand near his face.

Persons: Donald Trump, Trump, — Organizations: Secret Service, Service, Business Locations: Pennsylvania

☆ Multimillionaire real estate brothers facing sexual assault accusations are now the focus of an FBI probe
▼ + stars: | 2024-07-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The FBI is looking into sexual assault accusations against brothers Tal, Alon, and Oren Alexander. FBI agents are looking into accusations that span two decades, The Wall Street Journal reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFamous luxury real estate brothers well-known in New York and Miami are facing an FBI probe following multiple accusations of sexual assault, The Wall Street Journal reported. The Journal reported that the agents are investigating accusations from the Alexanders' high school years and the two decades since.

Persons: Tal, Alon, Oren Alexander, Alexander, —, they've Organizations: FBI, Street Journal, Service, Business Locations: New York, Miami

☆ Here's the who's who of business moguls descending on Sun Valley in rural Idaho for a weeklong summer camp for billionaires
▼ + stars: | 2024-07-10 | by ( Hannah Getahun | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The Allen & Co. Sun Valley Conference draws the ultrawealthy to Idaho for a weeklong retreat. & Co. draws the ultrawealthy to Idaho for a weeklong retreat. The event allows business leaders to connect — and potentially strike some deals. AdvertisementInvestment firm Allen & Co.'s Sun Valley Conference is again drawing in the world's ultra-wealthy for a weeklong retreat in the idyllic Idaho wilderness from July 9 to July 13. This story is available exclusively to Business Insider subscribers.

Persons: Sam Altman, Shari Redstone, Bob Iger, — Organizations: Allen, Co, Sun Valley Conference, Disney, Service, Investment, Sun, Conference, Business Locations: Idaho

☆ John Oliver recreates Red Lobster restaurant using auctioned-off furniture because 'any random idiot could run a Red Lobster better than these companies have'
▼ + stars: | 2024-06-05 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

John Oliver recreated a defunct Red Lobster restaurant on his show. Oliver criticized private equity firms behind Red Lobster, which filed for bankruptcy in May. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJohn Oliver cooked Red Lobster by purchasing the entire contents of one defunct restaurant and recreating his own version of the struggling seafood chain. Oliver, who did a segment on Red Lobster during an episode of his show "Last Week Tonight" that aired Sunday, criticized the private equity firms behind the chain, which filed for Chapter 11 bankruptcy in May.

Persons: John Oliver, Oliver, — Organizations: Service, Business

☆ Google's privacy chief making 'shock' exit after 13 years with the company
▼ + stars: | 2024-06-05 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Google's chief privacy officer will be leaving the company in the fall. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle's chief privacy officer will leave the company after 13 years, and Google has no plans to replace him. Keith Enright will remain at the company until the fall, a Google spokesperson told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Keith Enright, —, Forbes, I've, Enright Organizations: Google, Service, Business

☆ Meta is testing out a feature that could make Instagram more like YouTube
▼ + stars: | 2024-06-04 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Instagram is testing a feature that makes some ads unskippable. YouTube has a similar strategy, which requires non-paying users to view ads before watching videos. AdvertisementQuickly scrolling past AI-generated ads on Instagram that you don't care to see could soon no longer be an option. With Reels, Instagram became more like TikTok. Instagram is testing out a feature that stops some users from scrolling for a brief period of time to watch an ad, a Meta spokesperson confirmed in a statement to Business Insider.

Persons: —, Instagram Organizations: YouTube, Service, Business

☆ Marco Rubio is quiet-auditioning for the role of Trump's vice president
▼ + stars: | 2024-05-29 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Sen. Marco Rubio is a leading contender for Donald Trump's vice president pick in 2024, per a new report. The New York Times reports that Rubio has taken a low-key approach in his bid to run alongside Trump. AdvertisementSen. Marco Rubio is apparently playing hard to get when it comes to beating out the competition and making it as Donald Trump's VP pick, The New York Times reports. Through his support behind the scenes, Rubio has become a "leading contender" as the vice president pick, The New York Times reported, citing advisors to Trump. According to the Times, Rubio hasn't been keen on joining the president at rallies or hanging out at his Mar-a-Lago home.

Persons: Sen, Marco Rubio, Donald Trump's, Rubio, —, Rubio hasn't Organizations: New York Times, Trump, Times, Service, Business

He attended the University of Virginia, where he met his Reddit cofounderAlexis Ohanian in 2014. Vince Talotta/Toronto Star via Getty ImagesWhile at university, Ohanian met Steve Huffman, who would be his Reddit cofounder. But when I arrived at my dorm at the University of Virginia, Steve was playing Gran Turismo 2, and I was like, 'Hey, what's up?' We lived together all four years of college, then almost five years after," Ohanian told Inc in 2012. "You guys need to build the front page of the internet," Graham told them, according to Inc.

Persons: Alexis Ohanian, Vince Talotta, Ohanian, Steve Huffman, Steve, Huffman, Paul Graham, Graham Organizations: University of Virginia, Toronto Star, Getty, Gran Turismo, Inc

☆ Former OpenAI board members say the company can't be trusted to govern itself
▼ + stars: | 2024-05-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewTwo former OpenAI board members say artificial intelligence companies can't be trusted to govern themselves and that third-party regulation is necessary to hold them accountable. Helen Toner and Tasha McCauley were board members at OpenAI before they stepped down in November amid a chaotic push to oust OpenAI cofounder Sam Altman. AdvertisementWith Altman back at the helm, Toner and McCauley wrote that OpenAI can't be trusted to hold itself accountable. Related storiesThe former board members wrote that they once believed that OpenAI could govern itself, but "based on our experience, we believe that self-governance cannot reliably withstand the pressure of profit incentives." AdvertisementThe board's 22 members include Altman and chief executives of large tech companies, including Nvidia CEO Jensen Huang and Alphabet CEO Sundar Pichai.

Persons: —, Helen Toner, Tasha McCauley, OpenAI, Sam Altman, Altman, Scarlett Johansson, Chat, Toner, McCauley, — bode, Jensen Huang, Sundar Pichai, ethicists, Margaret Mitchell Organizations: Service, Business, Department of Homeland Security, Artificial Intelligence, Security Board, Nvidia, Ars Technica Locations: OpenAI

☆ Taylor Swift's worn hundreds of custom Louboutins on the Eras Tour — luxury cobblers say she's got Gen Z hooked on red bottoms
▼ + stars: | 2024-05-27 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Taylor Swift's 'Eras' tour features custom Christian Louboutin shoes adorned with strass crystals. Luxury cobblers say the shoes are well-built and are a status symbol. The cobblers also say Louboutin shoes are getting more popular — and Swift may have played a part in that. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor the past year, pop megastar Taylor Swift has been prancing around her glitzy "Eras" tour stage in pairs of red bottoms adorned with crystals.

Persons: Taylor Swift's, Swift, —, megastar Taylor Swift, Christian Louboutin, Styles, Eleonora Botta, Cate Boot Organizations: Service, Vogue, Business

☆ 'General Hospital' actor Johnny Wactor killed over catalytic converter, reports say
▼ + stars: | 2024-05-27 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Johnny Wactor, who played Brando Corbin on "General Hospital," was shot and killed in LA. "General Hospital" said it was "heartbroken" about Wactor, who left the show in 2022. AdvertisementJohnny Wactor, best known for his role as Brando Corbin on "General Hospital," was shot and killed in Los Angeles, family members of the actor told media outlets. Wactor's brother confirmed to local station KTLA that the 37-year-old actor was shot and killed early Saturday morning in a theft that turned deadly. This story is available exclusively to Business Insider subscribers.

Persons: Johnny Wactor, Brando Corbin, —, Wactor's Organizations: General, Service, KTLA, Los Angeles Police Department, Business Locations: LA, Los Angeles

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