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Search resuls for: "today's Tech"


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☆ China doesn’t want US cars like Ford and General Motors. That’s a big problem for their futures.
  + stars: | 2023-04-24 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
America has a problem: China — the world's largest car market — doesn't want its vehicles. In 2022, data shows Ford and General Motors' car sales in China each dropped more than 20% from the year before. My colleagues Alexa St. John and Nora Naughton break down how the future of US automakers hinges on China. Although Google founder Larry Page's flying car company Kittyhawk majorly flopped, it left us with some interesting vehicles. Hop aboard to see all the funky flying car models here.
☆ TikTok is looking more and more like a record label. It’s annoyed many in the music industry.
  + stars: | 2023-04-21 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
Allbirds is one of the brands I'm looking at. TikTok is looking more and more like a record label. When TikTok launched SoundOn, a song-distribution and artist-services platform, some in the industry wondered whether it was trying to muscle its way into record labels' territory. TikTok is now looking to hire people who will "identify, sign, and develop new artists" as well as "design live show and merchandise strategies for artists globally." Get a front-row seat to TikTok's transformation into a record label here.
☆ Artificial intelligence will make Big Tech even bigger. Something needs to be done about the power imbalance, researchers warn
  + stars: | 2023-04-20 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
She asked if the company was selling unregistered securities (which is typically illegal, by the way — here's what it means). Big Tech + AI = even bigger tech. So Big Tech companies are best-positioned to gain even more power as artificial intelligence technology — like ChatGPT — gets further developed. Something needs to be done about this power imbalance, researchers warn. My teammate Emilia David breaks down the AI power imbalance and highlights some proposed solutions in her latest story.
☆ Facebook’s parent company Meta is doing layoffs again. But there’s one ‘safe’ team that could actually benefit from the job cuts.
  + stars: | 2023-04-19 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
Netflix is ending its DVD-rental service that started the company over two decades ago. Gaming is 'safe' at Facebook's parent company Meta. But multiple people told my colleague Kali Hays that gaming within Meta's Reality Labs division will likely remain immune — and perhaps actually benefit — from the job cuts. One person told Kali that after the layoffs are done, the team will be able to start hiring again. The hit Netflix reality show captivated US audiences.
☆ How Larry Page's flying-car company of the future turned into a stunning failure
  + stars: | 2023-04-18 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Although I'm currently pretty homesick and jet lagged, I'm blessed with "the life-changing magic of working from home." One worker told my colleague Rebecca Knight how remote work transformed her life and how returning to the office has killed company morale. The stunning failure of Google founder Larry Page's flying-car company. In April 2022, company morale plummeted when it axed one of its most promising projects, those former insiders say. The company put together a thorough document to help managers navigate pay-related conversations with employees, and Insider got a look.
☆ Elon Musk dreams of Twitter's AI power
  + stars: | 2023-04-13 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
Elon Musk's personal AI ambitions. Elon Musk was one of the more prominent names on an open letter calling for a pause in AI development. My teammate Asia Martin points out that Musk's position on AI is contradicted by Twitter's investment in generative AI. Twitter's recent purchase of hardware normally used to develop generative AI products shows the extent of this ambition. Read more on Elon Musk's AI ambitions.
☆ Watch CNBC's investment committee discuss today's tech rally
  + stars: | 2023-03-29 | 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 EmailWatch CNBC's investment committee discuss today's tech rallyJoe Terranova, Jason Snipe, Jenny Harrington, and Steve Weiss join 'Halftime Report' to discuss the big tech bounce, near-term upside potential in the market, and long-duration assets under pressure.
☆ Tesla rival Lucid plans layoffs, as manufacturing and production challenges mount for EV startups
  + stars: | 2023-03-29 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +5 min
Lucid, a Tesla rival, is planning layoffs. The EV startup is planning to lay off hundreds of employees, my colleague Alexa St. John reported. Lucid has had a challenging few months, as it works to nail down manufacturing and production and get cars on the roads. It's not the only EV company that's struggling. Insider's Tim Levin tested out charging a KIA EV at a former Tesla supercharger that's open to all EVs.
☆ Twitter and Apple are cracking down on return-to-office mandates. Other tech companies will likely start too.
  + stars: | 2023-03-27 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Major tech companies are taking in-person work pretty seriously. They were early return-to-office tech companies. So their crackdowns give a glimmer of how tech companies issuing similar mandates now will enforce them going forward. Amazon, Oracle, Salesforce, and many other tech companies recently announced the end to remote work. Check out our list of major companies with return-to-office mandates — they could eye policy enforcement soon.
☆ Amazon’s head of HR rejects employees’ return-to-office petition
  + stars: | 2023-03-24 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Beth Galetti, the company's HR head, formally responded to a letter that gathered ~30,000 employee signatures. Galetti wrote in her email that Amazon's guiding principle is to "make our customers' lives better and easier every day." My colleague Eugene Kim obtained Galetti's full email and walks us through how Amazon employees feel about the response. In other news:MSCHF's Tax Heaven 3000 dating simulator is supposed to help you prepare your 2022 US federal tax return. Carta offers popular software to help employees manage their equity.
☆ The US is bleeding tech workers to other countries — it needs to move fast or risk falling behind.
  + stars: | 2023-03-23 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
The US is losing tech workers to other countries. And so, many tech workers are opting to move and work there instead of the US. Plus, many of these countries are making their immigration systems easier for tech workers. My teammates Emilia David and Paayal Zaveri break down how the US is on the brink of losing an entire generation of tech workers. And it showed that Boomers and Gen Z both love many of the same cars, including the Toyota RAV4.
☆ How Amazon’s flawed job posting process caused it to overhire
  + stars: | 2023-03-22 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Before I go check my remaining stash to make sure it's all real, let's dive into today's tech. Amazon's flawed job posting process. The company had little oversight of the hiring process until last year, Insider learned. Check out this leaked, all-hands message about "single-digit" percentage cuts to AWS)My colleague Eugene Kim breaks down Amazon's flawed hiring process. He shared the red flags he overlooked during the hiring process, including the hiring of a new chief revenue officer.
☆ Google workers tell Sundar Pichai “don’t be evil” while conducting layoffs.
  + stars: | 2023-03-21 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
While I daydream about getting my culinary education partially comped too, let's dive into today's tech. Googlers tell CEO Sundar Pichai: "Don't be evil." But more than 1,400 Googlers asked their CEO to continue the spirit of the adage by handling layoffs better. They cited Ukraine as an example and urged Pichai to offer extra support for workers who hold work visas. Today, Vice Media is scrambling for a buyer, and its future will likely be determined in the coming months.
☆ The inside story of hot startup Deel's grow-at-all-costs culture
  + stars: | 2023-03-20 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Deel employees told Insider how the startup exploded. In just three years, the HR services startup grew from under 30 employees to over 2,000. My colleague Rob Price talked with more than 30 current/former Deel employees about its astronomical rise. Get a front row seat to Deel's grow-at-all-costs approach — intense, even for Silicon Valley. Loyalty, loyalty, loyalty: Why people are sticking with Silicon Valley Bank.
☆ Current and former Rokt employees told Insider about blackface, booze, and blurred lines
  + stars: | 2023-03-17 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
They told my colleague Jordan Pandy that Charlotte seemed affordable and diverse on paper. The photo was shown at a company-wide meeting to highlight how "fun" working at $2 billion ad-tech startup Rokt was, an Insider investigation reveals. He said blackface isn't a big deal in Australia, where the company was founded and where the photo was taken. But more than 30 current and former employees told my colleagues Jack Newsham and Madeline Stone that they had a different experience. Come behind the scenes of Rokt with us, where Insider reports that booze and blurred lines flow rampantly.
☆ Artificial intelligence will replace work jerks. People skills will become more important.
  + stars: | 2023-03-16 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
She turned into a hologram to see what the future of work might look like. When dealing with a difficult manager, it's important to identify what they hold true or what speaks to their values. That coworker who's brilliant — but a horrible person — better watch out. Employees will find out within the next 30 days whether they need to return to the office, per a leaked email. A leaked email shows Amazon has been working behind the scenes on AI.
☆ Google wasted its pandemic opportunity. Now, it's scrambling to catch up.
  + stars: | 2023-03-15 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
This Amazon worker similarly enjoys office life. The company is currently also lagging in the AI space (thanks to the buzzy AI chatbot ChatGPT). Now, the company is going all in on AI instead. Check out his experiences with the AI tools here. It remains the only Big Tech company to avoid widespread layoffs.
☆ The tech world is thrown into chaos as Silicon Valley loses faith in its go-to bank
  + stars: | 2023-03-10 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
At the time of the email, Musk was battling a cave rescue diver who was suing him for defamation. Before grabbing some ice cream — I'll probably get cookies and cream — let's dive into today's tech. The tech world was thrown into chaos as Silicon Valley lost faith in its go-to bank, SVB Financial. If startups are worried the bank can't give them all their money back, then they might pull their accounts. Investors are sinking millions into startups like MARZ and Runway to bring AI tech to film and TV.
☆ Elemy is ditching autism care to sell healthcare software instead.
  + stars: | 2023-03-10 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
At the time of the email, Musk was battling a cave rescue diver who was suing him for defamation. Before grabbing some ice cream — I'll probably get cookies and cream — let's dive into today's tech. The tech world was thrown into chaos as Silicon Valley lost faith in its go-to bank, SVB Financial. If startups are worried the bank can't give them all their money back, then they might pull their accounts. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.
☆ 'PayPal Mafia' member says Google and Meta intentionally overhired engineers to prevent them from working at other companies.
  + stars: | 2023-03-09 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
"PayPal Mafia" member says Google and Meta "do fake work." The companies over-hired thousands of employees to fulfill a "vanity metric," said investor Keith Rabois. He's part of the infamous PayPal cohort (pictured above — he's number nine) that went on to play influential roles at other major tech companies. Rabois estimates that Facebook parent company Meta and Google each have thousands of employees who don't do much. He even suspects that Google intentionally overhired engineers to prevent them from working at other companies.
☆ Google Cloud CEO Thomas Kurian gave a fiery speech on AI during an internal town hall
  + stars: | 2023-03-03 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
I'm digging deep to feel the inner Elon that Salesforce CEO Marc Benioff apparently experiences. In an exclusive interview with my colleagues Ashley Stewart and Ellen Thomas, Benioff said executives are all currently asking themselves: "Do they need to unleash their own Elon within them?" Leaked audio reveals Google Cloud CEO giving a fiery speech on AI. During an internal town hall, Thomas Kurian slammed people for saying Google is late to the AI competition. Media companies are eyeing a big payout from Big Tech for using their content this way.
☆ Salesforce: A New Dawn. CEO Marc Benioff is pivoting the cloud company from family to profitability.
  + stars: | 2023-03-02 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
I'm Diamond Naga Siu, and I'm not just talking about the Selena/Hailey 'mean girls' saga — I'm fascinated by the Salesforce spectacle. CEO Marc Benioff recently oversaw the departure of two leading candidates to inherit the Salesforce throne. Now, under their careful watch, Benioff needs to guide the company through a cost-cutting period — something he's never done before. This is quite the turn, considering he was still emphasizing Ohana after laying off 10% of the company in January. CEO Marc Benioff announced on Wednesday that the company is starting a "new day."
☆ Mark Zuckerberg is turning Facebook into Instagram as part of his self-declared “year of efficiency.”
  + stars: | 2023-03-01 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
He chatted with a woman who was locked out of her Apple account minutes after her iPhone was stolen. CEO Mark Zuckerberg is structurally changing Facebook to mimic Instagram. The restructuring — which will likely include layoffs, as Insider reported — is part of Zuck's planned "year of efficiency." 8. iPhone users could soon send iMessages through PCs. These are the best MagSafe battery packs for iPhone users.
☆ Tesla is losing its most loyal customers — and that’s bad news for Elon Musk.
  + stars: | 2023-02-28 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Plus, it's even more gross, since this generation obsession appears to be a capitalism-fueled strategy to get our money. They stuck with Elon Musk along a bumpy ride: "production hell," multiple federal investigations, and other catastrophes. Meanwhile, the company keeps losing its edge elsewhere. Nora breaks down how Musk keeps Elon-ing, while Tesla keeps getting beat down. It's part of the multi-day Mobile World Congress — the largest mobile telecommunications event in the world — in Barcelona, Spain.
☆ Googlers are begrudgingly testing Bard and making memes out of their new task.
  + stars: | 2023-02-27 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Since it's a tough time in the tech industry right now, I hope this resonates with some of you, too. Thomas Maxwell/InsiderGooglers are begrudgingly testing their company's ChatGPT competitor. CEO Sundar Pichai asked every employee to spend multiple hours testing Google's new chatbot Bard. They were tasked with improving Bard by asking it questions and flagging bad answers, in addition to their normal responsibilities. Some made memes from the conversations they've had with Bard, continuing a trend of internally mocking the chatbot.
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