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☆ Tesla keeps touting self-driving but one analyst's near-crash shows it's 'not even close' to autonomy
▼ + stars: | 2024-07-30 | by ( Ana Altchek | ) 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 previewFollowing Elon Musk's bold assertions about "solving autonomy," a Truist Securities analyst took a Tesla Model Y out for a ride to test its Full Self-Driving capabilities. In a note seen by Business Insider, Truist analyst William Stein said the technology was "arguably worse than last time." This story is available exclusively to Business Insider subscribers. He said during the company's second-quarter earnings call that he would be "shocked" if the first Robotaxi ride wasn't possible next year, although he was unable to give an exact timeline.

Persons: —, Elon, William Stein, Stein, FSD, Tesla, Musk, Tesla didn't Organizations: Service, Truist Securities, Tesla, Business Locations: New York

☆ Interested in a second passport? Get ready to pay hundreds of thousands.
▼ + stars: | 2024-07-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

While most people wouldn't decline a backup option in another country, the process of obtaining a secondary passport can be quite complicated — and expensive. Business Insider spoke to Judi Galst, who manages Henley & Partners' New York office, about the general steps required to get a secondary passport. AdvertisementThe specific requirements vary by country, Galst said. Countries like Spain are slow for citizenship approval, but have a relatively quick path to residence through investment, Galst said. The Caribbean has the lowest cost, and it requires a $200,000 contribution or $300,000 investment in real estate per application.

Persons: —, Judi Galst, Galst Organizations: Service, Henley & Partners, Business, Henley, Partners, New, FBI, Security Locations: New York, Antigua, Portugal, Spain, Caribbean, Maltese, Malta

☆ They moved to the US from India. The transition was hard but they've grown to love the work-life balance.
▼ + stars: | 2024-07-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

"I had no reason to move here because my whole family, everyone was back in India," Bajaj said. She said interviews in India focus on past experience, while in the US, you are expected to sell yourself and talk about what you can bring to the table. In India, she said work place was very much a "community" where her coworkers were her best friends. Bajaj and Shah said they both had to learn the boundaries of professionalism in the US. Advertisement"You can do 18 hours of work in India because all you are doing is working," Bajaj said.

Persons: —, Priya Bajaj, Bajaj, Bajaj's, Darshan Shah, Shah, it's, hadn't Organizations: Service, Google, Sony Pictures, Business, Bajaj Locations: India, Mumbai, America

☆ Stop trying to charge your Tesla faster with the wet towel 'hack,' company warns
▼ + stars: | 2024-07-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewTesla issued a warning against using the wet towel charging "hack" that's been circulating among some owners online. Related storiesIt's not a surprise that Tesla owners are looking for hacks to charge their vehicles faster. The damp towel trick is just one example of the many experiments Tesla owners have tried out. Other YouTubers have made videos using oranges or water bottles to cheat the sensors in the steering wheel. (Elon Musk has said the company is removing the steering wheel nag in upcoming software).

Persons: —, Tesla, It's, it's, Elon Musk Organizations: Service, Business Locations: InsideEVs

☆ OpenAI's new SearchGPT prototype is a declaration of war against Google
▼ + stars: | 2024-07-25 | by ( Jyoti Mann | Ana Altchek | ) www.businessinsider.com time to read: +5 min

The AI company announced "SearchGPT" on Thursday, an early version of a search product that shows the company is one step closer to launching its own search engine. In a blog post, OpenAI said it's "testing SearchGPT, a temporary prototype of new AI search features that give you fast and timely answers with clear and relevant sources." A screenshot of search results from OpenAI's new SearchGPT prototype, which is in the testing phase. OpenAIOpenAI has Google in its crosshairsWith SearchGPT, OpenAI is clearly positioning itself against Google's Search Generative Experience (SGE) and AI startup Perplexity's search feature. AdvertisementOpenAI's announcement comes after The Information in February that the company had been quietly developing its own web search product.

Persons: —, OpenAI, Sam Altman, OpenAI OpenAI, Google's SGE, Microsoft's Bing, Bing, Satya Nadella, OpenAI didn't Organizations: Service, Business, Google, Microsoft, Department of Justice, DOJ Locations: boone north carolina, SearchGPT

☆ Mark Zuckerberg explains his hiring philosophy
▼ + stars: | 2024-07-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

But Meta CEO Mark Zuckerberg said in an interview with Bloomberg's Emily Chang published Tuesday that the most important thing is "learning how to think critically and learning values when you're young." Zuckerberg said in the interview that his "hiring philosophy" follows this line of thought. It's not the first time the CEO has talked about considering a candidate's values when hiring. While Zuckerberg may have a strict standard for hiring candidates, the tech giant has slowed its hiring compared to the pandemic-era growth. Zuckerberg said earlier this year the company would continue to limit its head count and hiring plans would remain "relatively minimal."

Persons: —, Mark Zuckerberg, Emily Chang, Zuckerberg, they've, It's, Reid, Sheryl Sandberg, Sandberg Organizations: Service, Business, Meta, Facebook, CNN

☆ Rivian's CEO has a theory for the slowdown in EV growth
▼ + stars: | 2024-07-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

The CEO said there's bias skewing conversations about EV growth and what's caused a slowdown. Tesla's Model Y remains the world's best-selling vehicle and the second most popular vehicle from the EV giant is the Model 3 sedan. "Maybe they wanted something that was a little bit bigger, but they got something that was more like the Model Y," Scaringe said. AdvertisementThe CEO said that similarly to the R1, Rivian's R2 is "very intentionally" "not trying all to be a Tesla Model Y." The model will cost $45,000, comparable to Tesla's Model Y, which starts at $43,000.

Persons: —, RJ Scaringe, haven't, Scaringe, Tesla, Rivian, It's Organizations: Service, Business, Tesla's, Tesla, EV

☆ Why Elon Musk is voting for the Republican party
▼ + stars: | 2024-07-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewSince the attempted assassination of former President Donald Trump, Elon Musk has vowed support for the Republican party and created a super PAC to fund the campaign. Up until the shooting, Musk repeatedly said he was undecided about who to vote for, despite several meetings with Trump. AdvertisementThe billionaire said he used to consider the Democratic party "the party of meritocracy," "personal freedom," and "free speech." "You really have to take an active role in reducing the number of laws and regulations," Musk said in the interview. "So I vowed to destroy the woke-mind virus after that," Musk said in the interview.

Persons: —, Donald Trump, Elon Musk, Jordan B, Musk, it's, I've, Trump Organizations: Service, Republican, Twitter, Peterson, Democratic, Business, Trump, Biden Administration, SpaceX Locations: Russia, China, North Korea

☆ There's a surge in Americans applying for secondary passports. Political unrest ahead of the election and a rise in antisemitism are 2 major factors.
▼ + stars: | 2024-07-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe number of Americans seeking secondary passports continues to surge, according to global citizen firm Henley & Partners. She said interest in secondary passports has grown globally in the last few years, and it started with the pandemic. Acquiring a secondary passport isn't cheap, though.

Persons: —, Judi Galst, Galst, there's, it's Organizations: Service, Henley & Partners, Business, New, Defamation League Locations: New York, Antigua, New York City, Israel, Caribbean, York, Portugal

☆ The Microsoft-CrowdStrike outage could spur a Big Tech trust reckoning and threaten tech giants' plans for AI
▼ + stars: | 2024-07-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

It also exposes the fragility of those systems and raises the question: Does Big Tech deserve our trust to properly safeguard a technology as powerful as AI? He said Big Tech companies evaluate systems based on if they work "pretty well most of the time," because there's a rush to get products to market. He said big tech companies should have alternative vendors and a multi-layered defense strategy. Big Tech companies, including Facebook, Amazon, and Google, saw the sharpest drop in trust, with an average decline in confidence ratings of 13% to 18%, according to Brookings. Big Tech companies have had "free rein," Patnaik said.

Persons: —, CrowdStrike, Gary Marcus, Marcus, John Schulman, Dan O'Dowd, there's, Javad Abed, Johns Hopkins, Abed, Sanjay Patnaik, Patnaik Organizations: Service, Big Tech, Tech, Business, Microsoft, Geometric Intelligence, Uber, Tesla's, BI, Companies, Google, Adobe, US Department of State, Johns, Carey Business School, Brookings Institution, Facebook Locations: Brookings

☆ City Council member says Elon Musk's supercomputer factory is causing local 'hysteria': report
▼ + stars: | 2024-07-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewThe Greater Memphis Chamber publicly announced last month that Elon Musk would build xAI's "gigafactory of compute" in the Tennessee city. The planned facility is set to house what Musk intends to be the world's most powerful supercomputer, set to power xAI's chatbot, Grok. AdvertisementOne council member, Pearl Walker, told Forbes that the development caused "hysteria" among Memphis locals. In an open letter shared on X, a group of three Memphis environmental groups also expressed concerns about the factory's impact on the local power supply. Memphis Light, Gas, and Water is trying to prevent the factory from affecting the local power grid, the outlet added.

Persons: —, Elon, Musk, Pearl Walker, Forbes, Walker, xAI, Bernstein, Goldman Sachs, haven't, Ted Townsend, Musk's Organizations: Service, Memphis Chamber, Business, Economic, Tennessee Valley Authority, Memphis City, Forbes, Memphis, The Washington Post, Bernstein Research, Meta, Greater, Greater Memphis Chamber Locations: Memphis, Tennessee, Shelby, Iowa, The, Greater Memphis

☆ Starbucks could give a much-needed jolt to the EV market
▼ + stars: | 2024-07-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewMercedes-Benz is bringing its fast electric vehicle charging stations to 100 Starbucks locations. The charging stations will be accessible to all EV owners. But for EV owners, it's a major roadblock hindering widespread adoption. Related storiesA company spokesperson told Business Insider that by 2030, it hopes to lead the retail industry in decarbonization solutions. The Starbucks spokesperson said the coffee giant is continuing to learn how its customers interact with EV stations and exploring partnerships and areas that would benefit from similar routes.

Persons: —, it's, Simon, Mercedes, Michael Kobori Organizations: Service, Benz, EV, Starbucks, Business, McKinsey, Mercedes, Simon Properties, Volvo Locations: Coast, Canada, Mexico, Denver, Seattle

☆ I tried out Amazon's new AI shopping assistant Rufus. One feature stood out as a game changer.
▼ + stars: | 2024-07-17 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewAmazon finally rolled out its AI assistant Rufus to all US customers after announcing the new feature in February. AI shopping assistants are becoming more popular, with various online retailers adding them to their sites. AdvertisementAmazon's shopping assistant uses information from listing details, reviews, and Q&As. Amazon/screenshotI wouldn't have thought to ask questions about the noise level or whether it oscillates, but these ended up being determining factors for the fan I selected. AdvertisementIt's a game changer for warehouse shoppingThe AI assistant has received some lackluster reviews from those who have tried it.

Persons: —, Rufus, it's, I've, Fitbit Organizations: Service, IBM, Business, Amazon, Apple Watch

☆ Gen Z data scientist says many majors in the field are interchangeable — so this is what to do if you want an AI job
▼ + stars: | 2024-07-17 | by ( Ana Altchek | ) 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. She now works as a data scientist at JPMorgan and makes videos about tech careers in her free time. She told Business Insider that many majors are interchangeable and that several degrees, such as computer science, math, information sciences, and data science, can lead to jobs in the field. Krinsky said while Big Tech names may look flashy on your résumé, hands-on experience is crucial to actually landing the job. Most projects start with scraping the web for data and then require building, training, and fine-tuning the model.

Persons: —, Allison Krinsky, Krinsky, haven't, it's Organizations: Service, University of Washington, JPMorgan, Business, Big Tech

☆ Sam Altman says society may decide we need AI-client privilege similar to confidentiality with lawyers or doctors
▼ + stars: | 2024-07-16 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Sam Altman discussed the possibility of granting some confidentiality around what people tell AI. Altman brought up the idea while talking about his new AI health venture with Arianna Huffington. AdvertisementShould the sensitive information we share with AI be regulated under a confidentiality agreement similar to attorney-client privilege? Sam Altman mulled the idea in a recent interview with The Atlantic, saying society may "decide there's some version of AI privilege." "When you talk to a doctor or a lawyer, there's medical privileges, legal privileges," Altman said.

Persons: Sam Altman, Altman, Arianna Huffington, — Organizations: Service, Business

☆ Elon Musk explains why Tesla's Robotaxi event is delayed
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. AdvertisementThe apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. The same happened with the Cybertruck, Tesla's Full Self-Driving software, and Starlink's high-speed internet access in remote areas. Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla has yet to officially announce a new date for the Robotaxi event.

Persons: —, Elon Musk, Musk, Warren Redlich, Tesla, Rosalie Nathans, she's Organizations: Service, Bloomberg, Business, Tesla, EV

☆ Elon Musk says Tesla needs 'extra time' to redesign the front of its Robotaxi before the big reveal
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. AdvertisementThe apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla is also facing a number of lawsuits and regulator scrutiny related to safety concerns over its self-driving software. Tesla has yet to officially announce a new date for the Robotaxi event.

Persons: —, Elon Musk, Musk, Warren Redlich, Tesla, Rosalie Nathans, she's Organizations: Service, Bloomberg, Business, Tesla, EV

☆ Read the email CEO Jamie Dimon sent to JPMorgan employees after the assassination attempt on Trump
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Jamie Dimon wrote a memo to JPMorgan staff condemning the assassination attempt on Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe attempted assassination of former President Trump drew quick responses from lawmakers and business leaders, including JPMorgan CEO Jamie Dimon. Dimon joined the list of CEOs who spoke out against the shooting with a companywide email to employees sent Sunday, which BI confirmed. This story is available exclusively to Business Insider subscribers.

Persons: Jamie Dimon, Dimon, —, Trump Organizations: JPMorgan, Trump, Service, Business

☆ 4 ways OpenAI's newest AI model GPT-4o can make you more productive at work
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

OpenAI has led the AI race with ChatGPT, which attracted one million users shortly after it became available in November 2022. AdvertisementBut OpenAI's new flagship AI model, GPT-4o, which was announced during OpenAI's Spring Update, has improved capabilities in these areas and "can reason across audio, vision, and text in real time." Here are some of the GPT-4o features that can help make your workday more productive. AdvertisementTo create a GPT, you can go to this site and select "Create a GPT." OpenAI's GPT Builder can create personalized GPTs to fit users' specific needs.

Persons: —, ResumeTemplates.com, ChatGPT, OpenAI Organizations: Service, Business, Microsoft Locations: Washington

☆ How to get Google's free dark web report to see if your personal info is floating around the corners of the internet
▼ + stars: | 2024-07-12 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Google will offer its dark web report for free starting in late July. Previously a Google One feature, the report looks for data tied to you from past data breaches or hacks. Users can access the report via Google's "Results about you" tool to monitor and remove data. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle is making its dark web report, which monitors data breaches, free for users starting late July.

Persons: — Organizations: Google, Service, Business

☆ Read Intuit CEO's message announcing over 1,000 layoffs due to performance — but the company is hiring 1,800 in areas like AI
▼ + stars: | 2024-07-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Intuit's CEO wrote in an email to staff that 1,050 of 1,800 cut employees didn't meet expectations. The company is moving forward with a reorganization plan to focus on "key growth areas" like AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We've significantly raised the bar on our expectations of employee performance," the CEO wrote in the email included in an SEC filing. CEO Sasan Goodarzi added in the email that the company believes the staff would find more success elsewhere, the report said.

Persons: —, We've, Sasan Goodarzi Organizations: Service, Intuit, SEC, Business

☆ Tesla could benefit if Trump returns to the White House
▼ + stars: | 2024-07-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla. Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market. Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a note to investors from Wedbush analysts, Trump's possible return to the White House could be a good thing for Tesla.

Persons: Trump, Tesla, Wedbush, Trump's, — Organizations: Market, Service, Elon, Business

☆ Elon Musk just dodged a $500 million bullet
▼ + stars: | 2024-07-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk and his company X, formerly Twitter, just got out of a $500 million in severance pay lawsuit for now, according to a Tuesday court ruling. They argued the company failed to properly compensate over 6,000 laid-off employees under rules set by the Employee Retirement Income Security Act. The judge noted in her ruling that the company told employees after Musk took over that laid-off employees would get cash payouts. AdvertisementThe company told employees after Musk took over that laid-off employees would get cash payouts, according to the ruling. Several lawsuits have been filed regarding Musk's takeover of X and insufficient severance pay awarded to laid-off employees — and they're ongoing.

Persons: —, Elon Musk, Courtney McMillian, Ronald Cooper, Sanford Heisler Sharp, Trina Thompson, Musk, McMillian, Cooper Organizations: Service, Northern District of, Twitter, Business, BI, Musk's Locations: Northern District, Northern District of California, London, Boulder , Colorado

☆ Elon Musk gives an update on Neuralink's brain-chip business. These are 5 things you can expect in the near future.
▼ + stars: | 2024-07-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk wants "to give people superpowers," according to a livestream Neuralink update broadcast on X Wednesday. The CEO took the moment to provide an overview of what's been done and give his future projections about the brain chip. The chip contains an array of tiny wires that fan out into the patient's brain. Neuralink's first patient, Noland Arbaugh, received the brain chip in January and has since said it improved his life. Musk started off the livestream by saying the second Neuralink patient is expected to receive an implant in the next week or so.

Persons: —, Elon, Neuralink's, Noland Arbaugh, Musk, Neuralink Organizations: Service, Business, Optimus, Bloomberg

☆ Greece responds to backlash after introducing a 6-day workweek
▼ + stars: | 2024-07-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewThe Greek government responded to backlash about its new six-day workweek policy and said the regulation doesn't change the current workweek, according to a CNBC report published Tuesday. "It is important to note that this new regulation does not in any way affect the established 5-day/40-hour working week mandated by Greek law, nor does it establish a new 6-day working week," Greek Minister of Labour and Social Security Niki Kerameus told CNBC. AdvertisementBut Kerameus said the extra working day is only applicable in situations of increased workload, the report said. Employees who work the extra hours will see a 40% jump in pay for that time. Kerameus said the law also provides more protection for workers, like guaranteed days off, set working hours, and measures to prevent wrongful termination, the report said.

Persons: —, Niki Kerameus, Kerameus Organizations: Service, CNBC, Labour, Social, Business, Employees, European Union Locations: Europe

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