DIRS.INFO The most relevant business & tech news

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ Neuralink will embed wires deeper in the brain to fix problems after its first patient: WSJ
▼ + stars: | 2024-05-20 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Neuralink has gotten the FDA go-ahead for a second implant, the Wall Street Journal reports. This time, it's implanting the wires a few millimeters deeper to prevent retraction. Neuralink's first patient lost some function but has since greatly improved, the Journal reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNeuralink has gotten the go-ahead to implant its device into a second patient — and has settled on a fix for the error that plagued its inaugural trial.

Persons: Neuralink, it's, Neuralink's, — Organizations: Wall Street, Service, Street, Food and Drug Administration, Business

☆ Elon Musk says Neuralink is looking for a 2nd participant for its brain implant
▼ + stars: | 2024-05-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Elon Musk said Neuralink is accepting applications for the second person to get a brain implant. Neuralink reportedly wants to have thousands of people using its device by the end of the decade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . He said that the brain implant startup wa now searching for the second person to receive Neuralink's "Telepathy" implant, after the device was successfully implanted into its first patient earlier this year. This is our Telepathy cybernetic brain implant that allows you to control your phone and computer just by thinking," Musk posted on X.

Persons: Elon Musk, Neuralink, Noland Arbaugh, —, Elon, Musk Organizations: Service, Business

☆ Elon Musk’s Neuralink is seeking a second person to test its brain chip
▼ + stars: | 2024-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s brain implant startup Neuralink is accepting applications for a second human trial participant to test its device, the billionaire said on X Friday. Neuralink said that the threads connecting the chip to Arbaugh’s brain had retracted, causing performance issues, although the company said it made adjustments to improve its function. Still, Arbaugh says the implant — which allows him to control a computer cursor with his brain — has changed his life. This is the next step forward of helping people with paralysis.”Now, Neuralink is seeking more people like Arbaugh to test out its brain chip. About a month after the operation, Musk said Arbaugh could control a computer mouse with his brain.

Persons: New York CNN — Elon, Neuralink, Noland Arbaugh, Arbaugh, ” Arbaugh, “, ” Neuralink, Musk, ”, DJ Seo, Noland, – CNN’s Jordan Valinsky Organizations: New, New York CNN, Morning America, Morning Locations: New York, Morning America

☆ Neuralink's first patient said he 'cried a little bit' after his brain implant started malfunctioning
▼ + stars: | 2024-05-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Neuralink reported a malfunction in its patient's brain-chip implant weeks after insertion. Noland Arbaugh told Bloomberg he "cried a little bit" after he found out about the malfunction. AdvertisementThe first person to get a Neuralink brain implant said he "cried a little bit" after finding out there had been a malfunction with the device. Noland Arbaugh told Bloomberg he realized the implant had malfunctioned weeks after he had the device inserted in January. Neuralink used a blog post last week to disclose the implant had malfunctioned, and give a progress update.

Persons: Neuralink, Noland Arbaugh, —, I'd, Arbaugh Organizations: Bloomberg, Service, Business

☆ Neuralink knew years ago that wires from its brain chip could retract and cause it to malfunction, report says
▼ + stars: | 2024-05-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Neuralink's brain-chip implant malfunctioned in its first human patient weeks after it was inserted. Reuters reported the company knew of the risks that wires could retract from the brain years before. Weeks after the procedure, some of the device's wires pulled away from his brain, the company said last week. A Reuters report, which cites five unnamed sources, said Neuralink knew the wires could retract from its device after it carried out tests on animals. Neuralink decided the device didn't need to be reconfigured as it believed the risk of the wires retracting was low, the report said.

Persons: —, Neuralink, Noland Arbaugh, Weeks Organizations: Reuters, Service, Business

☆ Musk's Neuralink has faced issues with its tiny wires for years, Reuters sources say
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +4 min

Neuralink deemed the risk low enough for a redesign not to be merited, the sources added. Neuralink is testing its implant to give paralyzed patients the ability to use digital devices by thinking alone, a prospect that could help people with spinal cord injuries. The company said last week that the implant's tiny wires, which are thinner than a human hair, retracted from a patient's brain in its first human trial, resulting in fewer electrodes that could measure brain signals. The company said it managed to restore the implant's ability to monitor its patient's brain signals by making changes that included modifying its algorithm to be more sensitive. In the weeks after the surgery, "a number of threads retracted from the brain," Neuralink said in a blog update last week.

Persons: Neuralink, Noland Arbaugh, Arbaugh, Robert Gaunt, it's Organizations: Elon Musk, U.S . Food, Drug Administration, FDA, Specialists, University of Pittsburgh Locations: U.S, Neuralink

☆ Neuralink's brain-chip implant malfunctioned and the company reportedly considered removing it from its human patient
▼ + stars: | 2024-05-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Some threads pulled away from Neuralink's first brain implant in a human, but it's now been fixed. Elon Musk's company considered removing the device from the patient, The Wall Street Journal reported. 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 . AdvertisementNeuralink's brain-chip implant is working — except that some of the device's threads pulled away from the first human patient's brain.

Persons: it's, Elon, Neuralink, — Organizations: Elon Musk's, Street Journal, Service, Business

☆ Neuralink’s first brain chip implant developed a problem — but there was a workaround
▼ + stars: | 2024-05-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The first test subject for Neuralink, Elon Musk’s brain chip implant startup, has developed a problem just a few weeks after it was inserted. But the company said it was able to make the implant more sensitive to increase its performance even further. About a month after the operation, Musk said Arbaugh could control a computer mouse with his brain after having the chip implanted. Like existing brain-machine interfaces, the company’s implant would collect electrical signals sent out by the brain and interpret them as actions. Before Neuralink’s brain implants hit the broader market, they’ll need broader regulatory approval.

Persons: Elon, Noland, ” Neuralink, Musk, Stephen Hawking, ” Musk, Neuralink, – CNN’s Clare Duffy Organizations: New, New York CNN, Neuralink, Consumers, Drug, Wall Street Locations: New York

☆ Neuralink's first in-human brain implant has experienced a problem, company says
▼ + stars: | 2024-05-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Neuralink has built a brain-computer interface, or a BCI, that could eventually help patients with paralysis control external technology using only their minds. But in the weeks following the procedure, a number of threads retracted from Arbaugh's brain, Neuralink said in a blog post Wednesday. Neuralink shared its blog post after the Journal asked the company about the issue, according to the report. Arbaugh said the Link is like a "luxury overload," and it has helped him to "reconnect with the world," according to the blog post. Neuralink is not the only company that is building a BCI system, and the technology has been explored in academic settings for decades.

Persons: Neuralink, Noland Arbaugh, Arbaugh Organizations: Elon, BCI, Wall Street Journal, U.S . Food, Drug Administration Locations: U.S

☆ Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
▼ + stars: | 2024-04-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.

Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla

☆ Maybe Elon Musk shouldn't have quite so many jobs
▼ + stars: | 2024-04-17 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Elon Musk runs Tesla and a lot of other companies at the same time. NEW LOOK 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 . AdvertisementElon Musk runs Tesla. But Musk does his own thing, and for a long time, the idea that he's a guy who does so many things was part of the pitch: Normal people couldn't pull this off, but Elon is Not Normal.

Persons: —, Elon Organizations: Elon, Service Locations: Las Vegas

Instead of relying on self-help books or just nonfiction pieces, Elon Musk reads across genres. BI explored Musk's interviews and social media to compile a list of 16 books he recommends. NEW LOOK 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 . This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, —, Tesla, he's, bibliophiles, Bill Gates, Mark Zuckerberg, Oprah Organizations: Service, Business

☆ Tesla scraps low-cost car plans amid fierce Chinese EV competition: Reuters
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +4 min

Tesla's cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. Plans for the affordable Tesla have been seen as key to delivering on Musk's stratospheric ambitions for sales growth. Expectations for a $25,000 vehicle have underpinned Wall Street analysts' more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.

Persons: Tesla, Elon Musk, Musk, driverless, Tesla's, EVs, he'll, Walter Issacson Organizations: Reuters, robotaxis, SpaceX, Twitter, Toyota Locations: Texas, United States, robotaxi

☆ Elon Musk's having a terrible year
▼ + stars: | 2024-04-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read preview2024 has been off to a rough start for Elon Musk. Musk's golden child, Tesla, has been facing headwinds in recent months. In the US, Musk's company is also facing softening demand from customers who appear to be growing increasingly weary of Musk's antics. Thus far, Musk's purchase of Twitter doesn't appear to be going according to plan. A judge recently tossed out a lawsuit Musk's X filed against a research group, saying the suit was an attempt to bully the social media site's critics into silence.

Persons: —, Elon Musk, Tesla, Justin Sullivan Wedbush, Dan Ives, Ives, — that's, Oppenheimer, Colin Rusch, Musk, he's, OpenAI, Sam Altman, Kent Nishimura, Musk's X, X, Neuralink Organizations: Service, Elon, Business, EV, Twitter, CNBC, Tesla, Bloomberg, Fidelity, SpaceX Locations: Berlin, BYD

☆ Opinion: 25 years later, ‘The Matrix’ is less sci-fi than tech reality
▼ + stars: | 2024-03-30 | by ( Opinion Rizwan Virk | ) edition.cnn.com time to read: +11 min

In 2003, Oxford philosopher Nick Bostrom imagined a “technologically mature” civilization could easily create a simulated world. With simulated worlds far outnumbering the “real” world, the likelihood that we are in a simulation would be significantly higher than not. Remember, the simulations would be so good that you wouldn’t be able to tell the difference between a physical and a simulated world. Either the signals are being beamed directly into your brain, or we are simply AI characters inside the simulation. Already, millions of humans are chatting with AI characters, and millions of dollars are pouring into making AI characters more realistic.

Persons: Virk, X, CNN — It’s, ”, Lana, Lilly Wachowski, Philip K, Dick, Tessa, Morpheus, Laurence Fishburne, Keanu Reeves, Nick Bostrom, Elon Musk, Smith, Hugo Weaving, Carrie Ann, Moss, Musk, OpenAI, it’s, Reeves ’ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, Apple, Trinity Locations: zenentrepreneur.com, Oxford, Silicon, Silicon Valley

☆ The technology behind Neuralink's implants has promise: Former FDA Commissioner Dr. Scott Gottlieb
▼ + stars: | 2024-03-27 | 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 EmailThe technology behind Neuralink's implants has promise: Former FDA Commissioner Dr. Scott GottliebFormer FDA Commissioner Dr. Scott Gottlieb joins 'Squawk Box' to discuss the scrutiny over Neuralink's human trials, the technology behind the implants, approval of Merck's new treatment for a deadly lung condition, and more.

Persons: Scott Gottlieb

☆ Neuralink patient said he asked about reports of botched brain-chip surgeries on monkeys
▼ + stars: | 2024-03-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewNeuralink's first patient, Noland Arbaugh, said he did his research before he decided to get the brain implant, including looking into the reports of animal testing gone awry. AdvertisementBefore Elon Musk's company Neuralink began human testing, the company shared demos of monkeys and pig test subjects using the implant. "No monkey has died as a result of a Neuralink implant," Musk wrote on X in September. "It's hard to describe something in your brain," Arbaugh said. Neuralink began recruiting for human trials last year and unveiled its first human patient earlier this month.

Persons: —, Noland Arbaugh, Arbaugh, Neuralink, Elon, UC Davis, Musk Organizations: Service, Business, UC, Reuters, US Department of Agriculture, Wired

☆ Watch Neuralink's first human patient play 'Mario Kart' with his mind
▼ + stars: | 2024-03-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Neuralink shared a video of its first human patient appearing to play "Mario Kart" with his mind. AdvertisementNeuralink has shared a video that appeared to show its first human patient using his brain-chip implant to play "Mario Kart." During an all-hands meeting with Neuralink staff, the company brought its first patient, 29-year-old Noland Arbaugh, onstage to describe the brain chip's capabilities. At the all hands, Neuralink showed a split-screen video of Donkey Kong and Bowser racing in the Mario Kart game. Hope y'all enjoy!… pic.twitter.com/YNa2Jtjhnk — Noland Arbaugh (@ModdedQuad) March 22, 2024The Neuralink worker also showed a separate video of Arbaugh playing "Mario Kart" alongside his father.

Persons: Neuralink, Mario, Noland Arbaugh, Arbaugh, —, Mario Kart, Bliss Chapman, he'd, Donkey Kong, Bowser, Chapman, Hope y'all, YNa2Jtjhnk — Noland Arbaugh, " Chapman, he's Organizations: Service, Donkey, Mario Kart, BCI

☆ Elon Musk Isn't the Only One Using Drugs As a Work Performance Boost
▼ + stars: | 2024-03-24 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

You could get a mushroom that has a little bit more or a little bit less psilocybin ... which, depending on the activity of the day, might be more than you bargained for. Some corporate elites are seeking out psychedelic retreats to improve their leadership skills, shift their perceptions, and, in some cases, even bond with their teams. My main concern is that people understand the risk, any risk — bad-trip risk, psychiatric risk, or legal risk. "My main concern is that people understand the risk, any risk — bad-trip risk, psychiatric risk, or legal risk," Johnson said. A lot of executives and workers have a little bit of Elon Musk in them.

Persons: Elon, he's, Musk, à, Steve Jobs, they're, Greg Fonzo, Matthew Johnson, Sheppard Pratt, hasn't, Johnson, It's, Katrina Michelle, Rob Grover, Gary Logan, Grover, that's, Michelle, Justin Townsend, it's, performancewise, Townsend, Emily Stewart Organizations: SpaceX, Twitter, Center for Psychedelic Research, University of Texas, Austin's Dell Medical School, Center, Multidisciplinary Association for Psychedelic Studies, Marijuana, Elon Musk, Business Locations: New York, Vancouver , British Columbia, Jamaica

☆ It's March Madness time — and we mean business
▼ + stars: | 2024-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.

Persons: —, Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London

☆ Neuralink shares video of patient playing chess using signals from brain implant
▼ + stars: | 2024-03-20 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +5 min

Elon Musk's startup Neuralink streamed a live video on Wednesday that showed a patient using the company's brain implant to move a mouse and play chess on a computer. A BCI is a system that deciphers brain signals and translates them into commands for external technologies. Dr. Nader Pouratian, chair of the Department of Neurological Surgery at UT Southwestern Medical Center, said researchers have been developing and studying BCI technology for years. It is not clear how many patients are participating in Neuralink's trial, or what the trial is trying to demonstrate. There is reason to be hopeful about Neuralink's technology, said Dr. Marco Baptista, chief scientific officer of the Christopher & Dana Reeve Foundation, which provides resources to people who have become paralyzed.

Persons: Elon, Noland Arbaugh, Musk, Arbaugh, there's, Neuralink, Nader Pouratian, we've, Pouratian, Marco Baptista, Christopher, Dana Reeve, " Baptista Organizations: BCI, Blackrock, Neuroscience, SpaceX, Department of Neurological, UT Southwestern Medical Center, CNBC, U.S . Food, Drug Administration, Dana Reeve Foundation, PubMed Locations: Brussels, Belgium, Synchron, U.S, Neuralink

By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.

Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, —, Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI

☆ Jeff Bezos surpasses Elon Musk to retake the world's richest person crown with a $200 billion fortune
▼ + stars: | 2024-03-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Jeff Bezos has surpassed Elon Musk to once again become the world's richest person. AdvertisementWith a $200 billion fortune, Amazon founder Jeff Bezos has surpassed Elon Musk to once again become the world's richest person. Musk has lost $31 billion in wealth so far this year to a total net worth of $198 billion as of Monday. Musk's wealth is derived from his $77 billion stake in Tesla, as well as his $71 billion stake in SpaceX. The top five richest person ranking is rounded out by Mark Zuckerberg, who has a $179 billion net worth, and Bill Gates, who has a $150 billion net worth.

Persons: Jeff Bezos, Elon Musk, Bezos, Musk, Bernard Arnault, Mark Zuckerberg, Bill Gates Organizations: Bloomberg, SpaceX, The Locations: Amazon

☆ Musk's Neuralink brain implant company cited by FDA over animal lab issues
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: +2 min

The inspectors identified quality control lapses at the company's California animal research facility. Those visits took place last year from June 12-22, and represent the FDA's sole inspections of Neuralink facilities on record. The laboratory problems identified by FDA inspectors included missing calibration records for instruments such as a pH meter used in one of the studies. An animal welfare advocacy group, Physicians Committee for Responsible Medicine, submitted a formal complaint to both USDA and FDA over the alleged breaches. In July, the USDA said it did not find any violations of its animal research rules beyond a 2019 incident that Neuralink had already reported.

Persons: Elon Musk's, Jerry L, Chapman, Lou Gehrig's, Neuralink Organizations: Food, Drug Administration, Elon, Elon Musk's Neuralink, Reuters, Redica Systems, FDA, U.S . Department of Agriculture, Physicians, Responsible Medicine Locations: California, Neuralink's Texas

Search resuls for: "Neuralink"

25 mentions found