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☆ With AI warning, Nobel winner joins ranks of laureates who’ve cautioned about the risks of their own work
▼ + stars: | 2024-10-13 | by ( Meg Tirrell | ) edition.cnn.com time to read: +10 min

Hinton isn’t the first Nobel laureate to warn about the risks of the technology that he helped pioneer. Irene Joliot-Curie and Frederic Joliot shared the Nobel Prize for chemistry in 1935. AFP/Getty Images1945: Antibiotic resistanceSir Alexander Fleming shared the 1945 Nobel Prize in medicine with Ernst Chain and Sir Edward Florey for the discovery of penicillin and its application in curing bacterial infections. “I, for one, would not shrink from that challenge.”Jennifer Doudna won the Nobel Prize in chemistry in 2020 for her work on a new method of gene editing. Nobel Prize Outreach/Brittany Hosea-Small/Handout/Reuters2020: Gene editingFour years ago, Jennifer Doudna and Emmanuelle Charpentier shared the Nobel Prize in chemistry for the development of a method for genome editing called CRISPR-Cas9.

Persons: Geoffrey Hinton, ”, ” Hinton, John Hopfield “, Hinton, Hinton isn’t, Irene Joliot, Curie, Frederic Joliot, Marie, Pierre Curie, Joliot, “, Sir Alexander Fleming, Ernst Chain, Sir Edward Florey, Fleming, underdose, Jeffrey Gerber, ” Gerber, ” Paul Berg, Tobbe, Paul Berg, Berg, Joanna Rose, it’s, Jesse Gelsinger, ” Jennifer Doudna, Brittany Hosea, Gene, Jennifer Doudna, Emmanuelle Charpentier, ” Doudna, “ We’ve, ” CNN’s Christian Edwards, Katie Hunt Organizations: CNN, Google, University of Toronto, Princeton University, Hulton, Getty, Children’s Hospital of Philadelphia, World Health Organization, Nobel, Innovative Genomics Institute Locations: AFP, ”, Stockholm

☆ Tesla's stock lower on Cybercab timing and no affordable model update, says Deepwater's Gene Munster
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's stock lower on Cybercab timing and no affordable model update, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Tesla's robotaxi event and the stock reaction.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management

☆ Elon Musk wants to take humanoid robots mainstream with Optimus. Making them 'the biggest product ever' will be tough.
▼ + stars: | 2024-10-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Tesla plans to unleash a new generation of humanoid robots. Related storiesMusk's plans to make humanoid robots mainstream face some tough challenges, however. Before these new iterations were revealed, industry watchers were already predicting explosive growth in the humanoid robotics market. AdvertisementIt is unclear how Musk's Optimus robots will stand out in this fast-growing market and become "the biggest product ever of any kind." Making further improvements to humanoid robots is a tough technical challenge.

Persons: Tesla, Elon Musk, Optimus, Musk, —, Elon, Cybertruck, livestream, Jensen Huang, Huang, Goldman Sachs, Paul Miller, Forrester, Jim Fan, Gene Organizations: Service, Warner Bros, Elon, Tech, Amazon, Oregon State University, Robotics, Nvidia, Star Wars, Hyundai, Boston Dynamics, Deepwater Asset Management, Optimus Locations: Burbank , California

☆ Elon Musk's Robotaxi is still miles away from overtaking Uber and Waymo in the ride-hailing race
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Elon Musk can fully deliver on his plans to make Tesla's Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. "Tesla's vehicles, sensors, and software will all need to be approved in any market they hope to enter. "Until Tesla robotaxis are transporting 100,000 paying customers a week around major American cities like Waymo does, Tesla Robotaxi is nothing more than the latest work of fiction to come out of the Warner Bros. "We also believe TSLA could struggle to scale fleet operations without offering access to demand via Uber/Lyft." Uber is already preparing for a future of electric cars and autonomous vehicles without Tesla's involvement.

Persons: BYD, —, Elon, aren't, Tesla, Uber, Musk, Jefferies, John Colantuoni, Paul Miller, Forrester, Dan O'Dowd, Waymo, I've, Gene Munster, Brian Baker, Matt Bryson, Dara Khosrowshahi, We're Organizations: Service, Warner Bros, Tesla, Warner Bros ., Asset, Jefferies, Tesla's, BYD, Aurora, AV Locations: Burbank , California

☆ Ex-Waymo CEO is not impressed by Tesla's Robotaxi
▼ + stars: | 2024-10-11 | by ( Lauren Edmonds | Tom Carter | ) www.businessinsider.com time to read: +5 min

Waymo's ex-CEO said Tesla isn't "serious about building a safe and accessible Robotaxi business." AdvertisementIt seems former Waymo CEO John Krafcik was unimpressed by Tesla CEO Elon Musk's much-hyped "We, Robot" event. Alongside the Robotaxi, Tesla also showed off a 20-passenger Robovan and its Optimus humanoid robots. He added: "If a company were serious about building a safe and accessible Robotaxi business, it would look nothing like what was shown, or said, last night." AdvertisementMusk teased Tesla Robotaxis in 2019.

Persons: Tesla, Waymo's, Elon, —, John Krafcik, Elon Musk's, Musk, Krafcik, Tesla's Robovan, Donald Trump, Phil Koopman, Horacio Villalobos, Morgan Stanley, Gene Munster Organizations: Service, Warner Bros, Fifth, Business, Deepwater Asset Management Locations: Burbank , California

☆ Elon Musk unveils his ‘Cybercab’ robotaxi
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The event featured models of the robotaxi as well as a Robovan, a driverless vehicle designed to carry a larger group of people or items. TeslaBut the delay seemed to matter little to the in-person crowd waiting for the chance to ride in the 50 self-driving vehicles that were cruising around the studio lot. Tesla has long offered what it calls Full Self-Driving or FSD, currently priced at $8,000, as an option on its cars. Musk has insisted that the company’s data shows that FSD is already safer than cars driven by humans. ‘Overly optimistic’This is certainly not the first time that Musk has laid out ambitious time frames for his plans for self-driving cars.

Persons: Elon Musk, Musk, Tesla, “, ”, FSD, ” “, Gene Munster, it’s, ” Munster Organizations: New, New York CNN, Warner Bros, Deepwater Asset Management, CNN Locations: New York, California, Texas

☆ Why the U.S. government is investigating Google
▼ + stars: | 2024-10-10 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Google, the online search and digital ad goliath, is the first U.S. tech giant to land in federal court fighting antitrust concerns in decades. Google controls an estimated 88% of the market for general search online, according to the August opinion from Judge Mehta. And late in 2023, a jury delivered a guilty verdict against Google in a trial about business practices related to the Google Play app store. In September 2024, Epic filed an additional antitrust lawsuit against Google and Samsung, alleging that the company continued to use its monopoly power to unfairly harm competition. Watch the video above to see why the U.S. government is investigating Google.

Persons: Amit Mehta, Judge Mehta, Bing, Lee Hepner, Nikolas Guggenberger, Gene Munster Organizations: Google, U.S, District of Columbia, Justice Department, American Economic Liberties, Epic Games, Samsung, University of, Deepwater Asset Management, CNBC Locations: U.S

☆ A lot is riding on Musk and Tesla’s ‘robotaxi’ event
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Elon Musk and Tesla have pledged a game-changing moment in the company’s history Thursday night. For the last decade, the electric vehicle maker’s CEO has vowed that true self-driving cars from Tesla were right around the corner. And even if the technology is as advanced as Musk likes to claim, getting regulatory approval to operate could be difficult. Tesla and Musk have made promises many, many times before about autonomous vehicle capabilities and when true self-driving would be available. “Either you walk away from the event as a jaw dropping moment, or you walk away with a shrug of shoulders event.”

Persons: New York CNN — Elon, Tesla, ”, Dan Ives, Waymo, they’ve, GM’s, Musk, “, FSD, “ You’d, Gordon Johnson, it’s, Gene Munster, ” Munster, “ They’ve, Ives Organizations: New, New York CNN, Warner Bros, Wedbush Securities, Apple, Motors ’, state’s Department of Motor Vehicles, Deepwater Asset Management, Munster Locations: New York, California

☆ Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
▼ + stars: | 2024-10-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

With Tesla's hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab. The event comes a week after Tesla reported third-quarter deliveries of 462,890, lifting the number to 1.35 million for the year so far. For all of last year, Tesla reported deliveries of 1.81 million. Gene Munster of Deepwater Asset Management told CNBC's "Fast Money" on Wednesday, that he'll be at the event and expects to test the robotaxi. Tesla was once seen as a pioneer in autonomous vehicle development, but has never managed to deliver or demonstrate robotaxi technology.

Persons: Elon Musk, The Beverly Hilton, Tesla's, Tesla, Garrett Nelson, They're, Gene Munster, CNBC's, He's, Alphabet's, Morgan Stanley Organizations: SpaceX, Tesla, The Beverly, Warner Bros, CFRA, RBC Capital, Deepwater Asset Management Locations: Beverly Hills , California, U.S, Burbank , California, CFRA, Munster

☆ The Viral Dances Changing the Way Women Move
▼ + stars: | 2024-10-09 | by ( Coralie Kraft | Photographs Malike Sidibe | ) www.nytimes.com time to read: +10 min

Parris Goebel Is Changing the Way Women Move Her surreal, muscular dances for Rihanna, SZA and other pop stars have made her one of the world’s most in-demand choreographers. As the music gathered momentum, the camera raced through the crowd of scowling dancers until, finally, Rihanna appeared. The choreographer behind this viral performance, 32-year-old Parris Goebel, has established herself as one of the music industry’s most innovative and in-demand artists. There’s something cathartic about watching a group of (mostly) women snarling in lock step, an image of power and indomitability. Rihanna’s representative confirmed that Rihanna and Goebel were shooting something at the palace, though the project is still under wraps.

Persons: Parris Goebel, Rihanna, SZA, “, ”, Cat, Justin Bieber, Ariana Grande, Goebel, Fatima Robinson, Missy Elliott, Britney, Christina Aguilera’s, Christina Aguilera, Britney Spears, Tate McRae, It’s, Tate, McRae, Gene Kelly, growled, choreographing, Jennifer Lopez’s, ” Goebel, Bob Fosse, Justin Bieber’s, —, ” SZA, ” — Parris Goebel, influencer, natalieg, I’m Organizations: Nike, Paris, Nike Paris, YouTube, Urban Dance, Rihanna’s, Samoan rugby, Coachella, intuit, of Mirrors Locations: Auckland, Versailles

☆ Your preference for spicy foods may be all in your head
▼ + stars: | 2024-10-09 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

In other words, I may find spicy food overwhelming simply because I expect it to be. “Some of it could be expectations, but some could also be how you’re biologically wired to experience food,” Albers said. Remember expectations can significantly influence your experience.”Listen to your body: As you eat spicy food, check in with your body’s responses. “There’s no ‘right’ level of spiciness — it’s about what feels good to you.”Pair spicy foods thoughtfully: Consider balancing spicy flavors with cooling elements, such as a piece of cheese or bread. “Spicy foods can increase your metabolism, your heart rate, cause vomiting and gastric distress, so there is definitely a physiological response that’s going on,” Albers said.

Persons: ”, “, I’m, “ There’s, Susan Albers, Oscar Wong, Yi Luo, ” Luo, ” Albers, Albers, it’s Organizations: CNN, Spice Girls, Cleveland Clinic, Getty, PLOS Biology, East China Normal University Locations: Ohio, Shanghai, Carolina

☆ Amazon is becoming Big Tech's king of cash, and Wall Street wants a piece of it
▼ + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon's cash balance is expected to reach almost $400 billion by 2027, far outpacing tech rivals. AdvertisementAmazon's ballooning cash balance is drawing Wall Street's attention. By 2027, Amazon is forecast to have almost $400 billion in cash, far outpacing its Big Tech rivals. Despite the "remarkable" growth in Amazon's cash balance, the company hasn't been as aggressive as other tech companies in rewarding shareholders, he noted. During an April call with analysts, Amazon CFO Brian Olsavsky addressed the question about shareholder returns.

Persons: —, Wall, Mark Mahaney, Mahaney, Evercore's Mahaney, hasn't, Mark Shmulik, Bernstein, Morgan Stanley, Gene Munster, Munster, Andy Jassy's, Brian Olsavsky, Jassy, Olsavsky, Deepwater's Munster Organizations: Service, P Global Market Intelligence, Microsoft, Amazon, Big Tech, Apple, Deepwater Asset Management, Federal Trade Commission, Meta

☆ Covid may increase the risk of heart attacks, strokes, and deaths for three years after an infection, a new study suggests
▼ + stars: | 2024-10-09 | by ( Brenda Goodman | ) edition.cnn.com time to read: +6 min

CNN —Covid-19 could be a powerful risk factor for heart attacks and strokes for as long as three years after an infection, a large new study suggests. What’s more, for people who needed to be hospitalized, Covid appeared to be as potent a risk factor for future heart attacks and strokes as diabetes or peripheral artery disease, or PAD. A finding unique to Covid-19The elevated heart risks from infection did not appear to diminish over time, the study found. People who were hospitalized for Covid but who were also taking low-dose aspirin had no increase in the likelihood of a subsequent heart attack or stroke. “If you’ve had Covid, we have to be especially attentive to making sure that we’re doing everything possible to lower your cardiovascular risk,” Hazen said.

Persons: CNN —, Covid, “, ”, Stanley Hazen, “ That’s, Patricia Best, ” Best, Hooman, Allayee, James Hilser, Hazen, Dr, Sanjay Gupta, you’ve, ” Hazen Organizations: CNN, Covid, Cardiovascular, Metabolic Sciences, Cleveland Clinic, Mayo Clinic, Keck School of Medicine, University of Southern, CNN Health Locations: Rochester , Minnesota, University of Southern California

☆ As bird flu outbreak expands in California, dairy farms report it’s worse than they expected
▼ + stars: | 2024-10-08 | by ( Brenda Goodman | ) edition.cnn.com time to read: +6 min

CNN —A third farmworker has tested positive for bird flu in California, according to the state’s health department. Like the first two human cases in California, this third case is a farmworker who was in contact with sick dairy cattle. The CDC’s Principal Deputy Director, Dr. Nirav Shah, said in a news briefing on Friday that these cases were not a surprise. The California Department of Food and Agriculture has been conducting bulk milk tank sampling in areas where herds test positive. The first infected herds in California were found in late August.

Persons: Nirav Shah, “, ” Shah, ”, Jennifer Nuzzo, ” Nuzzo, Eric Deeble, Deeble, Dr, Sanjay Gupta, GISAID Organizations: CNN, US Centers for Disease Control, California Department of Public Health, Brown University, “, United States Department of Agriculture, California Department of Food, Agriculture, USDA, American Veterinary Medical Association, Quality Assurance, Los Angeles Times, CDC, CNN Health, Plant Health, Service Locations: California, United States Department of Agriculture . California, Colorado, United States, Africa

Two American scientists were jointly awarded the Nobel Prize for Medicine or Physiology on Monday for their groundbreaking work on how genes behave. Victor Ambros and Gary Ruvkun discovered microRNA, which the Nobel Assembly describes as "a fundamental principle governing how gene activity is regulated." The tiny microRNA molecules play a crucial role in determining how different cells — which have the same chromosomes, essentially their instruction manual — have different characteristics. "The answer lies in gene regulation, which allows each cell to select only the relevant instructions," the Nobel announcement said. But subsequent work, including the discovery of another microRNA in 2000, proved that there are more than a thousand genes for different microRNAs in humans.

Persons: Victor Ambros, Gary Ruvkun, Ruvkin, Silverman, Worcester , Massachusetts Ruvkun Organizations: Medicine, Nobel, Massachusetts Institute of Technology, Natural Science, University of Massachusetts Medical School, Harvard University, Harvard Medical School Locations: Hanover , New Hampshire, Worcester , Massachusetts, Berkeley , California

☆ Nobel Prize in medicine 2024 awarded for work on the discovery of microRNA to Victor Ambros and Gary Ruvkun
▼ + stars: | 2024-10-07 | by ( Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +4 min

CNN —This year’s Nobel Prize in physiology or medicine has been awarded to Victor Ambros and Gary Ruvkun for their work on the discovery of microRNA, a fundamental principle governing how gene activity is regulated. Their research revealed how genes give rise to different cells within the human body, a process known as gene regulation. The Nobel Prize committee announced the prestigious honor, seen as the pinnacle of scientific achievement, in Sweden on Monday. Ruvkun conducted his research at Massachusetts General Hospital, and is a professor of genetics at Harvard Medical School. Nobel Committee Secretary General Thomas Perlmann speaks to the media in front of a picture of this year's laureates Victor Ambros and Gary Ruvkum during the announcement of the Nobel Prize in medicine winners on Monday.

Persons: Victor Ambros, Gary Ruvkun, Ambros, ’, “, Ruvkun, General Thomas Perlmann, Gary Ruvkum, Jonathan Nackstrand, ”, Olle Kämpe, David Pendlebury, ” Pendlebury, Katalin Karikó, Drew Weissman Organizations: CNN, University of Massachusetts Medical School, Harvard University, Massachusetts General Hospital, Harvard Medical School, Getty, Clarivate’s Institute for Scientific Locations: Sweden, Massachusetts, AFP, Covid

☆ The human life span may have finally plateaued. Here's what you can do to optimize your chances for a long life — and what researchers are working on next.
▼ + stars: | 2024-10-07 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Life expectancy in the US shot up at a rate of about three years per decade in the last century: from roughly age 47 in 1900 to age 77 in 2000. As more people in wealthy countries make it to old age, human life expectancy gains are nearing a plateau. The study tracks trends in their death rates and life expectancy from 1990 to 2019, before the COVID-19 pandemic started. Spending just 3% of your day exercising can mean you stay healthier for longer, an expert in healthy aging said.

Persons: —, Jay Olshansky, We've, Mick Jagger, Joe Biden, Kevin Winter, Thomas Barwick, Olskansky, Olshansky, Aubrey de Grey, De Grey, Peter Fedichev, Gero, hasn't, Fedichev Organizations: Service, Aging, University of Illinois, Business, Pfizer Locations: Chicago, Australia, France, Italy, Japan, South Korea, Spain, Sweden, Switzerland, Hong Kong

☆ 'Cyber Pearl Harbor' increasingly likely given the current threat landscape: Blackpanda
▼ + stars: | 2024-10-07 | 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 Email'Cyber Pearl Harbor' increasingly likely given the current threat landscape: BlackpandaCyber emergency response firm Blackpanda has just raised $6.7 million in strategic funding. CEO Gene Yu talks about growing cyber risks facing both SMEs and larger enterprises.

Persons: Blackpanda, Gene Yu

☆ 5 Nobel-worthy discoveries that haven’t won the prize
▼ + stars: | 2024-10-05 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

The first human genomeThe mapping of the human genome has had a huge impact on biology and other fields. The output from a DNA sequencer is shown in this undated image from the National Human Genome Research Institute. But one reason the project may not have earned a Nobel Prize is the sheer number of people involved in the feat. The Nobel Prize in physiology or medicine will be announced on Monday, followed by the physics prize on Tuesday and the Nobel Prize in chemistry on Wednesday. The Nobel Prize for literature will be announced on Thursday and the Nobel Peace Prize on Friday.

Persons: Alfred Nobel, Nobel, Carsten Snejbjerg, Svetlana Mojsov, Joel Habener, Lotte Bjerre Knudsen —, Lasker, Knudsen, Hassabis, John Jumper, Lester Cohen, David Pendlebury, Pendlebury, “ Nobel, David Baker, ”, Boris Roessler, We’re, Jeffrey Gordon, Robert J, Glaser, Louis, Gordon, Claire King, Barack Obama, Drew Angerer, Mary, King Organizations: CNN, Stockholm —, Human Genome Research, Nordisk, Bloomberg, Getty, Rockefeller University, Harvard Medical School, Novo Nordisk, Clarivate’s Institute for Scientific Information, Google, Institute for Protein, University of Washington School of Medicine, Washington University, of Locations: Swedish, United States, United Kingdom, France, Germany, Japan, China, Hillerød, Denmark, Los Angeles, St

☆ The battle of the face computers is on
▼ + stars: | 2024-10-04 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Meta debuted its Orion augmented reality glasses last week without a consumer release date. AR glasses are a substantial step toward a future that ditches the handheld smartphone for face computers. AdvertisementThe battle of the face computers is here, and Meta just launched a highly compelling salvo. Last Wednesday, CEO Mark Zuckerberg unveiled the company's latest innovation, Orion — augmented reality eyewear that weighs about 3.5 ounces. Snap's Spectacles are augmented reality glasses that run on the company's in-house OS.

Persons: Meta, —, Mark Zuckerberg, Orion —, BI's Peter Kafka, Gene Munster, Apple, Greg Peters, we're, it's, " Peters, There's, Alistair Barr, Tim Cook, Cook, It's, Munster, Andrej Sokolow, BI's Jordan Hart, Justin Post, Andrew Bosworth, Jacob Bourne, Emarketer, Axel Springer, Bosworth, Bloomberg's Mark Gurman, Zuckerberg, Spokespeople Organizations: Orion, Apple, Service, Meta, Deepwater Asset Management, Bloomberg, Vision Pro, Netflix, Vision, Getty, Munster, CNBC, BI Locations: Cupertino

☆ A less-expensive iPhone that still has AI features could help Apple out in China
▼ + stars: | 2024-10-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple plans to release a new iPhone SE in early 2025, Bloomberg reported. An Emarketer analyst said a cheaper AI iPhone could boost sales in Greater China. The new iPhone SE will reportedly feature an edge-to-edge screen design similar to the iPhone 14. The current iPhone SE costs $429; it's also smaller than these newer models. Related storiesStill, Gene Munster, managing partner at Deepwater Asset Management, called China Apple's "big unanswered question when it comes to Apple Intelligence."

Persons: —, it's, Mark Gurman, Jacob Bourne, Emarketer, Gene Munster, Munster Organizations: Bloomberg, Service, Apple Intelligence, Apple, Huawei, Pura, Deepwater Asset Management Locations: Greater China, China

☆ Don't expect many details at next week's Tesla event, says Deepwater's Gene Munster
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't expect many details at next week's Tesla event, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Tesla's disappointing deliveries, Tesla's upcoming robotaxi event, and more.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management

☆ Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
▼ + stars: | 2024-10-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently. Ives said that he believes Twitter was really worth around $30 billion when Musk bought it, and today it’s worth closer to $15 billion. “When Musk bought Twitter, investors didn’t realize we’d be taking off on AI as fast as we are,” Munster said.

Persons: Elon Musk, ” Dan Ives, Ives, Twitter, Musk, Kantar, White supremacists, dumbest, Similarweb, Gene Munster, doesn’t, ” Munster, Munster, Musk’s, didn’t, we’d, “ Organizations: New, New York CNN, Twitter, Fidelity, Growth, Musk, Wedbush Securities, CNN, Google, Deepwater Asset Management, xAI Locations: New York, United States, X.com

☆ East Coast port strike: Port of LA executive director breaks down potential impacts
▼ + stars: | 2024-09-30 | 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 EmailEast Coast port strike: Port of LA executive director breaks down potential impactsGene Seroka, Port of LA executive director, joins 'Squawk on the Street' to discuss what Seroka's seeing ahead of the East Coast port strike, what the Port of LA is preparing for, and what the port strike will do for the economy.

Persons: Seroka Locations: Port, East, LA

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow we built Warby Parker into a $1.8 billion eyewear brandIn 2010, Warby Parker disrupted the $150 billion global eyewear industry with a pair of $95 glasses. Started by four business school students, the pioneering direct-to-consumer eyewear brand has now sold millions of pairs of glasses, both online and in 269 brick-and-mortar stores across the U.S. and Canada. It brought in nearly $670 million in revenue last year, and currently boasts a market value of $1.8 billion.

Persons: Warby Parker Locations: Canada

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