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☆ Elon Musk just put a huge X logo on Twitter's San Francisco HQ – and may have broken some rules
▼ + stars: | 2023-07-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk had a huge X logo put on the roof of its San Francisco headquarters on Friday. It comes after Musk ordered the Twitter sign to be removed from the building on Monday. Elon Musk had a huge "X" logo put on the roof of its headquarters in San Francisco Friday as part of his overhaul of the company formerly known as Twitter. The X sign lights up at night. The Notice of Violation said the "@" symbol on the Twitter sign was "dangling" and could cause harm to pedestrians if it fell.

Persons: Elon Musk, Musk, Patrick Hanna, Noah Berger Organizations: San Francisco, San Francisco Friday, Twitter, Associated Press, Department of, Inspection, Monday, San Francisco Police Department, Apple Locations: San Francisco

☆ Meta's VP of Metaverse says 'the metaverse hype is dead,' but that's OK
▼ + stars: | 2023-07-13 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Meta's VP of Metaverse said the hype cycle for the metaverse is dead, but that's okay. The metaverse team can "put their heads down and build" the experiences, Vishal Shah told Fortune. "I think the metaverse hype is dead. People access Meta's metaverse apps through the company's Quest lineup of headsets, but Apple recently announced the $3,499 Vision Pro headset. Interestingly enough, Apple is avoiding the term metaverse in favor of "spatial computing."

Persons: Metaverse, Vishal Shah, Fortune, Shah, Mark Zuckerberg's, Mark Zuckerberg, NOAH BERGER, Zuckerberg, Kali Hays, Ashley Stewart, Meta, Tim Cook, Greg Joswiak, Andrew, Boz, Bosworth Organizations: Morning, Tech, Facebook, Meta, Getty Images, Anadolu Agency, Getty, The Washington Post, Apple, Wall Street Journal Locations: Utah, Menlo

☆ Tim Cook bets his legacy on augmented reality
▼ + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.

Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, ”, Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, “, Tim Bajarin, ’, ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai

☆ 10 Things in Tech: Free Apple AirTags, EV resistance, and ChatGPT Plus for all
▼ + stars: | 2023-05-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I attended my first rodeo, woke up early for a farmers' market, visited different pickleball venues, and tried other new things. Researchers examined 1,600 conversations (850 hours and 7 million words total) and measured how people reacted to the interactions. Firstly, IRL conversations involve a degree of back-and-forth that is hard to replicate digitally because of lag and missed cues. Elon Musk pays $10,000 to settle a defamation lawsuit. Elon Musk has cut around 90% of the company within half a year of taking over.

☆ Benioff vs. Benioff
▼ + stars: | 2023-04-28 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +29 min

Within Salesforce, Benioff riffs are at times met with backlash from an angry workforce. "You're not going to fire your family during times of need," a former Salesforce executive told Insider. "I don't think they understand Ohana," Benioff told Insider. "Look, we have to be the example of stakeholder capitalism," Benioff told Insider. A 'New Day' at Salesforce"I use the Japanese principle of shoshin, beginner's mind," Benioff told Insider in a phone interview in March.

☆ Leaked org chart shows the 15 most important leaders in Google's AI division as it races to catch Microsoft
▼ + stars: | 2023-03-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Central to those efforts is its Research and AI group, led by senior vice president Jeff Dean. An internal org chart seen by Insider shows the 14 other leaders under Dean who drive Google's efforts to catch the sudden success of OpenAI. Jeff Dean, senior vice president, Google AI Thomas Samson/Getty ImagesReporting directly to Dean is Eli Collins, a VP leading work on Google's ChatGPT competitor, Bard. Collins also works on AI Test Kitchen, an app that gives select users access to some of Google's latest AI demos. Jay Yagnik, VP of research, oversees the biggest number of employees within Dean's organization.

☆ Four days of panic: How startup execs navigated SVB's meltdown and prepared for the worst
▼ + stars: | 2023-03-15 | by ( Ari Levy | ) www.cnbc.com time to read: +8 min

A Silicon Valley Bank worker talks with people lining up outside of the bank office on March 13, 2023 in Santa Clara, California. Refreshing GoogleOtter.ai founder and CEO Sam Liang spent Monday driving to SVB branches in Silicon Valley to try and retrieve millions of dollars of his company's money. "I checked Google like 20 times an hour, watched [Treasury Secretary Janet] Yellen talking about not bailing out Silicon Valley Bank." Silicon Valley Bank customers listen as FDIC representatives, left, speak with them before the opening of a branch SVBs headquarters in Santa Clara, California on March 13, 2023. "But at the moment, as long as Silicon Valley Bridge Bank is 100% federally guaranteed, there's no need to diversify.

☆ Here's how 'duration risk' came back to bite Silicon Valley Bank and led to its rapid collapse
▼ + stars: | 2023-03-13 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

One key term is "duration risk" along the yield curve in the bond market. Duration risk in bonds Those Treasury purchases in and of themselves were not the issue at SVB. The problem occurred when depositors came calling for their money and the bank didn't have the cash on hand. This mismatch, which always exists to some extent, is where "duration risk" comes into play. The risk is that the duration of the investments made by the bank doesn't match up with its potential liquidity needs.

☆ Elon Musk calls US media and schools 'racist against whites & Asians'
▼ + stars: | 2023-02-26 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Tesla Chief Executive Office Elon Musk speaks at his company's factory in Fremont, California. In the video, Adams discussed a poll conducted by right-leaning Rasmussen Reports that said 26% of Black respondents disagreed with the statement "It's OK to be white." In his video, Adams called Black people who rejected that phrase as a "hate group." He then added, "For a *very* long time, US media was racist against non-white people, now they're racist against whites & Asians. Musk claimed that the media coverage is "Very disproportionate to promote a false narrative."

☆ How Google’s long period of online dominance could end
▼ + stars: | 2023-01-26 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

This week, the Justice Department accused Google of running an illegal monopoly in its online advertising business and called for parts of it to be broken up. In the meantime, two other thorny issues are poised to determine Google’s future on a potentially shorter timeframe: The rise of generative artificial intelligence and what appears to be an accelerating decline in Google’s online ad marketshare. An ad sales machine under pressureAll this has taken place against the backdrop of what seems to be an extended, multi-year decline in Google’s online advertising marketshare. One-off factors like the pandemic and the war in Ukraine, as well as fears of a looming recession, have broadly affected the online advertising industry. Whatever the cause, Google’s advertising business, which is still massive, seems to face growing headwinds.

☆ Wall Street is still obsessed with Tesla. Here's what experts are saying as the EV-maker's key earnings report looms.
▼ + stars: | 2023-01-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. But amid the bearishness (not to mention distractions from Twitter), Elon Musk's car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. US stock futures fall early Wednesday, after Microsoft earnings delivered a bleak outlook that added to investors' worries about earnings growth.

[1/2] Attendees walk through an expo hall at AWS re:Invent 2022, a conference hosted by Amazon Web Services (AWS), in Las Vegas, Nevada, U.S., November 30, 2022. After years of blistering growth, most recently fuelled by remote working and studying during the pandemic, cloud demand has cooled in the past nine months and sales growth may slow further, analysts said. AWS, Amazon's lucrative cloud business from which it gets more than a quarter of its revenue, is expected to post a 24% increase in sales in the quarter. THE FUNDAMENTALS* Microsoft Q2 revenue is expected to rise 2.5% to $53 billion, the slowest increase in six years. * Amazon Q4 revenue is expected to rise 5.8% to $145.40 billion.

☆ LendingClub’s New CFO Tasked With Preparing Its Balance Sheet for a Downturn
▼ + stars: | 2022-12-22 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Drew LaBenne, LendingClub’s chief financial officer since September, is tasked with managing the San Francisco-based company’s balance sheet as it faces a downturn and an industry pullback in demand for loans from investors. We use the marketplace, which is essentially whole loan sales to buyers, or we use the balance sheet. We make on average close to three times as much by putting a loan on the balance sheet versus selling it. Why not just keep all of them on your balance sheet? A lot of that was driven by the upfront CECL [charge] of the loans that we put on the balance sheet.

☆ Why California’s 2022 Wildfire Season Was Unexpectedly Quiet
▼ + stars: | 2022-12-20 | by ( Elena Shao | ) www.nytimes.com time to read: +8 min

Maps of California show the perimeters of wildfire burns for every year between 2018 and 2022 (desktop version) or 2017 and 2022 (mobile version). The extent of acreage burned in 2022 is far less than what burned in 2021 and 2022, and looks more similar to what burned in 2019. 2018 2017 Camp fire 2022 2021 2020 McKinney fire 2020 was the state’s worst fire year on record. Wildfires have burned about 362,000 acres this year, compared to 2.5 million acres last year and a historic 4.3 million acres in 2020. Acres Burned by Wildfires in California A bar chart showing the total acres burned by California wildfires since 1987.

☆ Following Bret Taylor's departure, more top executives are leaving Salesforce
▼ + stars: | 2022-12-06 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Quick question: Have you gone "goblin mode" yet this year? I've got more on goblin mode below, but first, let's talk about Salesforce, which is seeing more executive departures this week. The news of Butterfield's departure comes just days after Salesforce announced co-CEO Bret Taylor is also leaving the company — though Butterfield told staff the moves were unrelated. Oxford Languages, the publisher of Oxford English Dictionary, named "goblin mode" the 2022 Word of the Year — beating out semifinalist "metaverse." A look at what "goblin mode" means.

☆ Wall Street's most important consultant might be its cloud provider
▼ + stars: | 2022-11-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Bianca Chan explored this trend with a piece on how cloud providers like AWS, Microsoft Azure, and Google Cloud are reimagining themselves as business consultants. Many of the biggest cloud providers have stood up teams focused on interfacing with the C-suite to advise them on how a move to the cloud can be an opportunity to overhaul things. It's not hard to see how this could end up being big business for the cloud providers. Cloud providers still have a long way to go to be a real threat to consultants, but there is potential there. Click here to read more about how cloud providers are becoming the new-age consultants for Wall Street.

☆ The Big Tech layoffs you won't hear about: How the shift to remote work is leaving Meta janitors and bus drivers jobless
▼ + stars: | 2022-10-22 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

The shift to remote work has caused Silicon Valley service workers to lose their in-person jobs. The move is the latest development showcasing how Big Tech's widespread adoption of remote work is translating to layoffs for Silicon Valley's in-person service workers. NOAH BERGER/AFP via Getty Images)As June 2021, any full-time Meta employees whose job responsibilities can be completed online can apply to become a fully-remote worker. "Unlike other Silicon Valley companies, Meta has refused to mandate that its employees return to work on the main campus. Are you a bus driver, cafeteria worker, janitor, or security guard contracted by a Big Tech company?

☆ Russia's war in Ukraine raises a harrowing question: How widespread would fallout from a nuclear bomb be?
▼ + stars: | 2022-10-14 | by ( Aria Bendix | Azmi Haroun | ) www.businessinsider.com time to read: +7 min

"Ukraine doesn't have nuclear weapons, so the risk of nuclear war in this scenario is if, somehow, the conflict escalated to pull in NATO countries or the US," she added. "That raises the risk of nuclear confrontation because some of the NATO countries have nuclear weapons." The US, for instance, has about 5,500 nuclear weapons, while Russia has about 6,000, according to the Federation of American Scientists. When a nuclear bomb strikes, it sets off a flash of light, a giant orange fireball, and building-toppling shockwaves. The fallout of a nuclear bomb also depends on how a country chooses to detonate it.

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