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☆ With Trump, Silicon Valley elites see AI regulation as they see fit
▼ + stars: | 2024-06-02 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

While Musk hasn't formally endorsed Trump, one reason Silicon Valley heavy-hitters could be gravitating toward a convicted former president is a desire to see less regulation on tech development in America. AdvertisementCuban, a vocal opponent of Trump who has expressed his support for Joe Biden, told Business Insider in an email that he views the support from Silicon Valley and Wall Street billionaires for Trump as "self-serving." "So unless it's very light touch, which is unlikely at this point, the more influence they have over Ai regulation the better the opportunity to advantage themselves." "It's still very early to be imposing regulation," Sacks said. That's not to say every Silicon Valley player investing in AI and Trump hopes to see an unrestrained, Wild West of artificial intelligence development.

Persons: —, Donald Trump, Elon Musk, Shaun Maguire, Trump, David Sacks, Biden, Puck, Sacks, hasn't, Mark Cuban, Joe Biden, Cuban, BRENDAN SMIALOWSKI, Maguire, Sacks didn't, Garry Tan, Y, That's, Chamath, Palihapitiya, Musk, Rishi Sunak Organizations: Service, Silicon, Trump, Business, Sequoia Capital, Venture, Wall, acc, Securities and Exchange Commission, and Wildlife Service, British Locations: Russia, Ukraine, San Francisco, America, Silicon Valley, Cuban

In recent weeks, the scene outside the criminal courthouse in Downtown Manhattan where former President Donald Trump was standing trial was one of relatively orderly anticipation. Beginning early each morning, a crowd — made up mainly of journalists and Trump supporters dressed to the nines in MAGA regalia — would begin to form outside the building, everyone settling in to await news of what was going on inside. The N.Y.P.D. had a sizable presence on the scene and had set up barricades around the courthouse entrance. But such precautions were hardly necessary.

Persons: Donald Trump, — Organizations: Trump Locations: Downtown Manhattan

☆ 'Heartsick' Jennifer Lopez cancels upcoming summer tour to spend time with family
▼ + stars: | 2024-06-01 | by ( Eve Crosbie | ) 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 previewJennifer Lopez has announced her decision to cancel her upcoming North American tour to spend more time with her family, telling her fans she is "devastated" about letting them down. The tour was going to be the singer's first live tour since her "It's My Party" tour in 2019. Dimitri Hakke/Getty ImagesAs Variety noted, by April, the tour had been rebranded to "This Is Me... Live: The Greatest Hits." 👏#JLo #AtlasEnMX pic.twitter.com/r2VX3XsXwi — Glamour Mex y Latam (@GlamourMex) May 23, 2024Lopez's costar, Simu Liu, intervened, responding: "OK, we're not doing that."

Persons: —, Jennifer Lopez, Jennifer, Lopez, Dimitri Hakke, Ben Affleck, México, 👏# J, lamour Organizations: Service, Business, Ticketmaster, Party, Entertainment, Hollywood Locations: Orlando, Houston, Mexico City, estreno

☆ Veteran investor Paul Graham breaks down why Sam Altman left Y Combinator
▼ + stars: | 2024-05-31 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

OpenAI CEO Sam Altman has faced a lot of negative press recently, impacting his once-clean image. Not least among the controversies was the collapse of OpenAI's safety team. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI CEO Sam Altman has been hit with a bout of bad press in the past few weeks, which has cast a shadow over his once-squeaky-clean image. There was also the abrupt breakdown of OpenAI's safety team, which raised doubts about the company's commitment to responsible AI development.

Persons: Sam Altman, Paul Graham, —, Scarlett Johanssen Organizations: Tech, Service, Business

Wai and Hui rent a two-family house with Hui's parents. Photo by CNBC Make ItWhen the lease was up on the couple's apartment, Hui's parents knew about a two-family house in Bensonhurst that was available for rent. The average size for a Brooklyn, apartment is 660 square feet, and the average monthly rent is $3,558 a month, according to RentCafe. Wai and Hui live upstairs while his parents live in their own apartment downstairs. The couple pays $1,600 a month to live in the one-bedroom, one-bath apartment on the second floor, while Wai's in-laws pay $1,900 and live on the first floor, according to documents reviewed by CNBC Make It.

Persons: Vionna Wai, Chucky Hui, Hui, Wai, Mickey Todiwala, He's Organizations: CNBC Locations: Sunset, Brooklyn, N.Y, Bensonhurst, Williamsburg, Greenpoint, Manhattan

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Apple, Rivian, Nio, Costco, Qualcomm
▼ + stars: | 2024-05-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates Nvidia as overweight Wells said it's standing by shares of Nvidia. Bank of America reiterates Apple as buy Bank of America said it's bullish on an iPhone with artificial intelligence features. "We maintain our Buy rating on Apple for its multi-year upgrade cycle, gross margin upside and secular services growth." Bank of America reiterates Dell as buy Bank of America said it's sticking with its buy rating on the stock following earnings. Morgan Stanley reiterates Nio as overweight Morgan Stanley said it's standing by its overweight rating on shares of Nio.

Persons: Oppenheimer, Morgan Stanley, Wells, Wynn, it's, Jefferies, Tesla, Dell, Wolfe, Alex Chriss, Rivian, Nio, robustly, Cantor Fitzgerald, Cantor, Rosenblatt Organizations: Beazer, Nvidia, MGM, " Bank of America, Apple, Bank of America, Edison International, Qualcomm, JPMorgan, Banks, PayPal, New, Citi, Lionsgate, Lionsgate Studios, UBS, Tesla, Resilience Locations: Macau, Las Vegas, California, Cincinnati, China, Nio, NetApp

☆ Tesla to recall 125,227 vehicles over faulty seat belt warning system
▼ + stars: | 2024-05-31 | by ( ) edition.cnn.com time to read: +1 min

CNN —Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y vehicles. The remedy will remove dependency on the driver seat occupancy sensor from the software and only rely on driver seat belt buckle and ignition status to activate the seat belt reminder signals, the NHTSA said. Tesla had recalled 200,000 Model S, X, and Y vehicles in the US in January due to a software malfunction that could obstruct drivers’ visibility while reversing.

Persons: Tesla Organizations: CNN, Traffic Safety Administration, NHTSA Locations: United States

Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.

Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's

☆ Y Combinator founder says Sam Altman wasn't fired
▼ + stars: | 2024-05-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman wasn't fired from his position as Y Combinator president in 2019, the startup accelerator's cofounder Paul Graham said on Thursday. "People have been claiming YC fired Sam Altman. Both outlets reported that Altman was asked to leave the organization for favoring his personal interests over Y Combinator's. AdvertisementRepresentatives for Altman and Y Combinator did not immediately respond to requests for comment from BI sent outside regular business hours. "We do not accept the claims made by Ms Toner and Ms McCauley regarding events at OpenAI," Taylor and Summers wrote.

Persons: —, Sam Altman wasn't, Y, Paul Graham, Sam Altman, That's, Graham, OpenAI, Sam, Jessica, Jessica Livingston, Altman, he'd, 3YvBDH7oqV — Paul Graham, Graham's, Y Combinator, Combinator, OpenAI's, Helen Toner, who'd, Toner, Tasha McCauley, Bret Taylor, Larry Summers, McCauley, Ms Toner, Ms McCauley, Taylor, Summers, Toner's, Mr Altman Organizations: Service, YC, Business, we'd, Wall Street, The Washington Post, BI, OpenAI Locations: OpenAI

☆ Samsung Electronics' union threatens first ever walkout next week
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +4 min

A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures. Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union." Responding to Wednesday's proposed strike, a coalition of five unions at Samsung affiliates including another Samsung Electronics union questioned the intention behind the strike plan, indicating they would not join the move. Shares of Samsung Electronics closed down 3.1% on Wednesday, compared with the benchmark KOSPI's 1.7% fall.

Persons: Son Woo, mok, NSEU, Wednesday's, Jay Y, Lee Organizations: Samsung, Samsung Electronics, National Samsung Electronics Union, South, Workers Locations: Seoul, South Korea, Hwaseong

☆ Black passengers sue American Airlines, alleging they were thrown off a plane because of false body odor complaint
▼ + stars: | 2024-05-29 | by ( Marnie Hunter | ) edition.cnn.com time to read: +3 min

CNN —A lawsuit filed Wednesday on behalf of three Black men alleges “blatant and egregious race discrimination” by American Airlines when they were removed from a flight. An American Airlines representative approached each of the men before takeoff, the complaint said, ordering them off the plane. “(O)nce they reached the jet bridge, they saw that several other Black men were also being removed from the plane. In fact, it appeared to Plaintiffs that American had ordered all of the Black male passengers on Flight 832 off the plane,” the complaint reads. American representatives told the men a complaint about body odor had prompted their removal, according to the suit.

Persons: Alvin Jackson, Emmanuel Jean Joseph, Xavier Veal –, “, ”, Y’all, “ Plaintiffs Organizations: CNN, American Airlines, American, Cell, Airlines, NAACP Locations: Phoenix, JFK, New York City

☆ Tesla dangles the chance of a factory tour with Elon Musk as an incentive to get people to vote on his $55 billion pay package
▼ + stars: | 2024-05-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla is offering a potential Gigafactory tour with Elon Musk to shareholders who vote in its annual meeting. 15 investors will be chosen at random for the tour, Tesla said. The vote will address proposals regarding Musk's pay plan and moving Tesla's incorporation to Texas. AdvertisementTesla is offering shareholders the opportunity to tour its Texas Gigafactory alongside Elon Musk and the designer of the Cybertruck Franz von Holzhausen — there's just one catch. To qualify for a possible invite to the tour, investors must cast their vote on Musk's pay package.

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

☆ SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes
▼ + stars: | 2024-05-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday — sending ether up 20% . Many are hailing FIT 21 as a landmark victory for the industry. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

Persons: Biden, Donald Trump, Rachel Lin, Oppenheimer, Owen Lau, Lau, Alex Thorn, didn't, Kirsten Gillibrand, Cynthia Lummis, I'd Organizations: Securities and Exchange Commission, SEC, Representatives, SAB, Innovation, Technology, Futures Trading Commission, CNBC, Galaxy Digital, Senate, Gillibrand, Democratic

☆ Savoring the Summer at 5 Waterside Hotels
▼ + stars: | 2024-05-26 | by ( Stephanie Rosenbloom | ) www.nytimes.com time to read: 1 min

At this luxury escape in White Lake, N.Y., about a two-hour drive from Manhattan, immerse yourself in more than 100 acres along the Toronto Reservoir. Or better yet, get into the reservoir and go paddle boarding, canoeing, kayaking and swimming. And because the Chatwal Lodge is set within the approximately 2,500-acre Chapin Estate, you can also fly-fish on private trout streams there. On dry land, pretend you’re back in summer camp and try archery, birdhouse decorating, baking classes and yoga. Or visit the recreation center where you can play shuffleboard, duckpin bowling, ping pong, billiards and board games.

Locations: White Lake, N.Y, Manhattan

☆ From Waiter to Guest at Nantucket’s Grande Dame Hotel
▼ + stars: | 2024-05-26 | by ( Alexander Lobrano | ) www.nytimes.com time to read: +1 min

In the summer of 1974, I was working as a waiter at the White Elephant, the grande dame of Nantucket hotels, a rambling gray-shingled pile that sits right on the island’s harbor. Thinking about it still makes me cringe. I had not been back inside the White Elephant in almost 50 years when, last spring, I returned to the island to check into the famous inn as a guest, size up its recent multimillion dollar makeover at the hands of the Boston architectural firm Elkus Manfredi, and ponder the ways in which both the island and I had changed. Though it’s hard to believe today, when Nantucket airport is filled with rows of private planes that have delivered their owners to this island 30 miles off the coast of Cape Cod, many people clucked at Elizabeth T. Ludwig’s hotel when it opened a century ago. Without the social cachet of more accessible resorts like Newport, R.I., or Saratoga Springs, N.Y., it struck many people as folly to believe the swell set would spend their holidays on Nantucket.

Persons: Francis Sargent, I’d, Elkus Manfredi, Elizabeth T Locations: Nantucket, Massachusetts, Boston, Cape Cod, Newport, R.I, Saratoga Springs, N.Y

☆ Keep it secret, keep it SAFE: Inside the growth of AI founders choosing uncapped notes to raise investor cash
▼ + stars: | 2024-05-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

AI startups are reviving the SAFE funding mechanism to secure investments without dilution. SAFE notes enable quick fundraising for nascent AI startups amid the sector's rapid growth and hype. 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 . AdvertisementFinancial wizardry is nothing new in the venture world, but the rise of AI startups has prompted a return to the funding mechanism known as a SAFE.

Persons: Y, — Organizations: Service, SAFE, Business

☆ Welcome to anti-office Fridays and quiet vacationing
▼ + stars: | 2024-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the push for WFH Fridays and how that plays into the "quiet vacationing" phenomenon . The big storyAnti-office FridaysHector Roquet Rivero/Getty Images; Jenny Chang-Rodriguez/BIWith all due respect to summer Fridays, we've found a year-round replacement: WFH Fridays. But WFH Fridays' staying power remains to be seen. Which brings us back to WFH Fridays. The end result could be employers saying abuse of WFH Fridays means they need you back in the office… for good.

Persons: —, Hector Roquet Rivero, Jenny Chang, Rodriguez, we've, Insider's Juliana Kaplan, Noah Sheidlower, It's, Taiyou Nomachi, millennials, they've, BI's Kelsey Vlamis, haven't, it's, Momo Takahashi, Goldman Sachs, SEB Research, That's, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI, Scarlett Johansson, Sam Altman, Y Combinator, Tyler Le, Mark Cuban, Vivek Ramaswamy, Burger King, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett, Laine Napoli Organizations: Service, Business, Workers, Companies, RBC Capital, Pujol, BI, Microsoft, Google, Bloomberg, Finance Ministers, Central Bank Governors Locations: Dublin, Germany, Meta, BuzzFeed, New York, London, Chicago

Since the constitutional right to abortion was taken away in Dobbs v. Jackson Women's Health Organization in 2022, Democratic spending on abortion-related ads has jumped. Line chart showing the percentage of television ad spending devoted to abortion from 2018 to 2024. Democratic spending jumped up to around one-third in 2022 after the Dobbs ruling and has stayed high. In the first four months of this year alone, 48 percent of Democratic ad spending on broadcast networks in Pennsylvania centered on abortion. Democrats are seizing the moment, devoting two-thirds of their ad spending to abortion there.

Persons: Roe, Wade, Dobbs, Emily Holzknecht, Adam Westbrook, Trump, overperformed, —, N.M, Andy Beshear’s, Daniel Cameron’s, Mr, Biden Organizations: Democratic, Republican, Republicans, Jackson, Health Organization, Democrats, Republicans Pennsylvania, Arizona, Michigan, Georgia, Wisconsin, Supreme Court, Data, Pew Research, Ore ., Nev . Ohio Ill, Conn . Iowa Pa, Ind, Del . Utah Colo, Religion Research Locations: Dobbs v, Pennsylvania, Michigan, Arizona, Georgia, . Arizona, . Maine, Mont, Minn . Vt, Ore, Ore . Idaho, Wis, N.Y, S.D . Mich, R.I, Wyo, Conn . Iowa Pa . N.J, Nev . Ohio, Del . Ind . Utah Md, Colo, W.Va . Va . Calif, Kan, Mo, Ky, N.C, Tenn, Okla, ., N.M . Miss ., Ala . Texas, Fla . Alaska Hawaii, Conn . Iowa, Neb . N.J, Del . Utah, W.Va . Md . Va . Calif, United States, Nevada , Arizona , Montana , Colorado, South Dakota , Nebraska , Missouri , Arkansas, Florida , New York, Maryland, Nevada , Arizona , Wisconsin , Michigan, Kentucky, Gaza, Ukraine

☆ Caleb Carr, Author of Dark Histories, Dies at 68
▼ + stars: | 2024-05-24 | by ( Penelope Green | ) www.nytimes.com time to read: +1 min

Caleb Carr, a military historian and author whose experience of childhood abuse drove him to explore the roots of violence — most famously in his 1994 best seller, “The Alienist,” a period thriller about the hunt for a serial killer in 19th-century Manhattan — died on Thursday at his home in Cherry Plains, N.Y. The cause was cancer, his brother Ethan Carr said. Mr. Carr had first pitched the book as nonfiction; it wasn’t, but it read that way because of the exhaustive research he did into the period. And he peopled his novel with historical figures like Theodore Roosevelt, who was New York’s reforming police commissioner before his years in the White House. Up to that point, Mr. Carr had been writing, with modest success, on military matters.

Persons: Caleb Carr, —, Ethan Carr, Carr, Theodore Roosevelt, Jacob Riis, James Chace Organizations: Quarterly Locations: ”, Cherry Plains, N.Y, American, Chinese

☆ Investor Paul Graham explains why it's better to take a job at a startup over a big company — even if it ends up failing
▼ + stars: | 2024-05-23 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Y Combinator cofounder Paul Graham said you should work for startups, not big companies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFamed entrepreneur and Y Combinator cofounder Paul Graham says it's wise to work for startups over big companies — even if they're more likely to fail. Working for big companies might be "safer," the investor shared on X, but the connections forged with startup colleagues can cue up future success. "In ten years they'll be running everything," Graham wrote of startup employees, "even if the startup tanks."

Persons: Paul Graham, —, Y, Graham Organizations: Service, Business

☆ 50 Cent has been trolling Diddy mercilessly. Here’s the history of the beef between them
▼ + stars: | 2024-05-22 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

CNN —There is no love lost between hip-hop moguls 50 Cent and Sean “Diddy” Combs. CNN has reached out to representatives for 50 Cent and Netflix for comment. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on March 25, 2024. Earlier this month, he released a song titled “Pick a Side” in support of his father and taking aim at critics like 50 Cent. Gareth Cattermole/Getty Images“All that gossip sh*t is whack when all they had was 50 Cent / Who put this city on the map?

Persons: Sean “ Diddy ” Combs, Combs, Cassie Ventura, Christopher Wallace, Wallace, “, Tupac Shakur, Ventura, Sean, Diddy, ” Diddy, ” Combs, he’s, that’s, Christian Combs, King Combs, Justin, Aaron Dyer, ” King Combs, King, Gareth Cattermole, ”, “ I’m Organizations: CNN, Netflix, Department of Homeland Security Investigations, Hamptons, KCBS, Billboard Locations: Los Angeles, New York, Miami

☆ Shocking: Some AI developers didn’t listen when a woman rejected their offer
▼ + stars: | 2024-05-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Back in September, Scarlett Johansson, who played the hauntingly complex AI assistant in the 2013 Spike Jonze film “Her,” got a request from OpenAI’s CEO, Sam Altman. He wanted to hire Johansson to voice his company’s newest ChatGPT model, “Sky.” She said no. Johansson quickly lawyered up, saying Monday she was “shocked, angered and in disbelief” that Altman would use a voice “so eerily similar” to her own. OpenAI was forced to confront some of those concerns late last week, after two prominent employees left the company. “Being friends with AI will be so much easier than forging bonds with human beings,” wrote Wired editor Brian Barrett in a recent essay about the movie.

Persons: CNN Business ’, you’ve, Scarlett Johansson, Spike Jonze, ”, Sam Altman, Johansson, OpenAI, Altman, Altman —, Jan Leike, OpenAI’s, Ilya Sutskever, ” Altman, “, that’s, Joaquin, Brian Barrett, — CNN’s Clare Duffy, Brian Fung Organizations: CNN Business, New York CNN, Google Locations: New York, Silicon

☆ An East Hampton Home Tailor-Made for the Owner of Il Buco
▼ + stars: | 2024-05-21 | by ( Tim Mckeough | ) www.nytimes.com time to read: 1 min

After years of renting houses in the Hamptons, Donna Lennard was ready to buy a place of her own in 2017. And she knew exactly where she wanted to live: on Gerard Drive, in the hamlet of Springs, N.Y., in the town of East Hampton. “It’s a peninsula,” said Ms. Lennard, the owner of Il Buco, the New York-born chain of restaurants and shops that she started with Alberto Avalle 30 years ago. “On one side is Gardiners Bay, facing Gardiners Island and Connecticut; then, on the other side, is Accabonac Harbor. So from one side to the other, you see water.”

Persons: Donna Lennard, Gerard, “, ”, Lennard, Il Buco, Alberto Avalle Organizations: Hamptons Locations: Springs, N.Y, East Hampton, New York, Gardiners, Connecticut

☆ Tesla Fremont factory suffers another fire, investigation underway
▼ + stars: | 2024-05-21 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. A fire broke out at Tesla 's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. The Fremont factory is Tesla's first mass EV manufacturing facility. On May 17, 2024 Tesla celebrated a milestone for its Fremont factory in conjunction with their battery factory outside of Reno, Nevada, saying they had surpassed production of 3 million vehicles. Fires at the Fremont factory in the past have sometimes necessitated a pause in production.

Persons: Tesla, Tesla's Fremont Organizations: Tesla Fremont Factory, Fremont Fire Department, Elon, Fremont, Environmental Health, Safety, California Employment, Bay, Air Quality Management, CNBC Locations: Fremont , California, Fremont, Reno , Nevada, California, Tesla's, Alameda County

☆ A rare feather just sold for $28,000, making it worth 40 times as much as gold by weight
▼ + stars: | 2024-05-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewA single feather of an extinct bird was auctioned off in New Zealand on Monday for about $28,000, making it the most expensive feather ever sold worldwide. The huia feather sold at Webb's Auction House in Auckland was initially estimated to be worth around $1,830, but its sale price ballooned after 59 bids. Gold costs around $77 per gram in New Zealand, and the 9-gram huia feather is worth $3,153 per gram. Related storiesThe feather sold on Monday is framed under protective glass and is classified by the New Zealand government as a Y-registered object. The huia feather sale comes as auctions draw attention largely from sports and celebrity memorabilia sold at once-seemingly outlandish prices.

Persons: —, huia, Diego Maradona Organizations: Service, Zealand Geographic, Business, The Guardian, New, New Zealand Geographic Locations: New Zealand, New, Auckland

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