DIRS.INFO The most relevant business & tech news

Bluesky, a Twitter-like social network championed by Twitter co-founder Jack Dorsey, has emerged from its cocoon and is now allowing anyone to create an account and join the service. Until Tuesday, anyone hoping to join Bluesky needed an invitation, which typically meant hunting down an existing member and begging for an invite. That invite-only period gave the site time to build out moderation tools and other features, Bluesky said. In fact, Threads has already begun experimenting with sharing posts to Mastodon and other services using ActivityPub. “I’m pretty optimistic about this.”By contrast, Bluesky adopted a federation algorithm called the Authenticated Transfer Protocol and is so far the only such service using it.

Persons: Jack Dorsey, Bluesky, Elon Musk, it’s, Mark Zuckerberg, “, ActivityPub Organizations: Twitter, ”

☆ Taylor Swift threatens legal action against Florida student
▼ + stars: | 2024-02-06 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Attorneys for Taylor Swift are threatening legal action against the Florida college student who tracks the private jets of celebrities and public figures, including Swift. Jack Sweeney confirmed to CNN on Tuesday that he received a cease-and-desist letter threatening legal action from attorneys for Swift over the social media accounts he runs that track Swift’s flights. Sweeney is the same person who famously drew ire from billionaire Elon Musk for tracking his jet travels online. Sweeney told CNN over email that he received the letter from Swift’s attorneys after headlines that scrutinized the singer’s carbon footprint. Sweeney also told CNN that he never intended any harm with his actions, noting that he is compiling “public information.”“I actually think Swift has some good songs,” Sweeney added.

Persons: Taylor Swift, Swift, Jack Sweeney, Sweeney, Elon Musk, Mark Zuckerberg, Bill Gates, Musk, ” “, ” Sweeney, “, ” Organizations: CNN, Florida, Washington Post, Twitter, Federal Aviation Administration

☆ The American Dream is 'rapidly diminishing,' Walgreens boss says in plea to raise taxes for the wealthy
▼ + stars: | 2024-01-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Walgreens Boots Alliance's executive vice president, John Driscoll, penned a letter asking lawmakers in the US and abroad to tax the wealthy. Driscoll echoed the pleas of entrepreneurs, an heiress, and activists in his demand to save the "rapidly diminishing American Dream." Advertisement"In this spirit, I call on national and international lawmakers to do whatever it takes to tax wealthy people like me," Driscoll wrote. "I agree that we should make elaborate tax-avoidance schemes illegal, but acting upon that would upset a lot of donors, so we will see words, but no action," Musk wrote in June. In his tax letter, Driscoll cited a report from the Economic Policy Institute that CEOs made 399 times as much as a typical employee in 2021.

Persons: —, John Driscoll, Driscoll, Switzerland that's, Daniel Werfel, Elon Musk —, Joe Biden, Musk Organizations: Service, Walgreens Boots, Business, IRS, Analysts, EU Tax Observatory, Economic Policy Institute Locations: Davos, Switzerland

☆ Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements
▼ + stars: | 2024-01-16 | by ( Mauro Orru | Rebecca Elliott | ) www.wsj.com time to read: 1 min

Persons: Rishi Sunak, Elon Musk, Tolga, Tesla, Musk, couldn’t Organizations: Elon Locations: China

Musk Uses Expletive to Tell Audience He Doesn't Care About Advertisers That Fled X Over Hate SpeechBillionaire Elon Musk has said advertisers who have halted spending on his social media platform X in response to antisemitic and other hateful material are engaging in “blackmail.”

Persons: Elon Musk, ”

☆ Elon Musk curses out advertisers who left X over antisemitic content
▼ + stars: | 2023-11-29 | by ( Sheila Dang | ) www.reuters.com time to read: +4 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 29 (Reuters) - (Please note strong language in paragraphs 1 and 6)Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to "Go fuck yourself" in a fiery Wednesday interview. Musk said repeatedly he was sorry for publishing a tweet on Nov. 15 that agreed with an anti-Jewish post. Musk in his post said the user, who referenced the "Great Replacement" conspiracy theory, was speaking "the actual truth." Musk's post drew condemnation from the White House for what it called an "abhorrent promotion of antisemitic and racist hate." Musk in Israel said he is against antisemitism and anything that "promotes hate and conflict" and stated that X would not promote hate speech.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon Musk, Musk, bristled, Bob, Robert Iger, Walt Disney, Iger, Musk's, Chuck Schumer, Schumer, Benjamin Netanyahu, Netanyahu, Joe Biden, Donald Trump, Sheila Dang, David Gaffen, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Billionaire, New York Times, Walt, U.S, White House, Warner Bros Discovery, Comcast, Media, Israeli, Thomson Locations: Paris, France, Israel, U.S, Dallas

☆ Hamas senior official invites Elon Musk to visit Gaza
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 28 (Reuters) - A Hamas senior official invited U.S. billionaire Elon Musk on Tuesday to visit the Palestinian Gaza strip to see the extent of destruction caused by the Israeli bombardment. "We invite him to visit Gaza to see the extent of the massacres and destruction committed against the people of Gaza, in compliance with the standards of objectivity and credibility," Hamas' senior official Osama Hamdan said in a press conference in Beirut. Musk owns the X social media platform. Hamdan's comments comes one day after a temporary truce between Israel and Hamas was extended for an additional 48 hours.

Persons: Tesla, Elon Musk, Leon Neal, Osama Hamdan, Musk, Israel, Biden, Hamdan, Moaz Abd, Alaziz, Adam Makary, Christina Fincher, Alistair Bell Organizations: SpaceX's, Bletchley, U.S, US, Thomson Locations: Bletchley, Britain, Palestinian Gaza, Gaza, Beirut, Israel, Cairo

☆ Israel hosts wartime visit by Elon Musk, eyes Starlink for Gaza
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +3 min

Israel hosted Elon Musk on Monday, saying it had reached an agreement in principle for using his SpaceX company's Starlink communications in the Gaza Strip, where a pause to the war against Hamas coincided with the tech entrepreneur's visit. At the time, Israeli Communications Shlomo Karhi objected, saying "Hamas will use it (Starlink) for terrorist activities." Musk has said he is against antisemitism and anything that "promotes hate and conflict" - including on X.Antisemitism and Islamophobia have risen worldwide, including during the seven-week-old Gaza war. Israel and Hamas are now in a temporary truce, with some Gaza hostages and Palestinians held by Israel for security offenses going free. Following the outbreak of the Gaza war, antisemitic incidents in the United States rose by nearly 400% from the year-earlier period, according to the Anti-Defamation League, a nonprofit organization that fights antisemitism.

Persons: Elon Musk, Benjamin Netanyahu, Isaac Herzog, Musk, Netanyahu, Communications Shlomo Karhi, Karhi, Walt Disney Organizations: Israel, Elon, SpaceX, Communications, Israeli Ministry of Communications, House, U.S, Warner Bros Discovery, Comcast, Defamation League Locations: Aza, Israel, Kfar Aza, Gaza, California, United States

☆ Bill Ackman is defending Elon Musk amid the X owner's antisemitism controversy
▼ + stars: | 2023-11-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementHedge fund manager Bill Ackman voiced his support for fellow billionaire Elon Musk on Saturday as the X owner faces backlash for retweeting an antisemitic remark. "It is remarkable how quickly the world stands ready to attack Musk for his shoot from the hip commentary," Ackman wrote. "You have said the actual truth," Musk wrote in his retweet, sparking a swift wave of online backlash. In his defense of Musk, Ackman reposted a video from conservative political pundit Ben Shapiro, who said Musk was unjustly being labeled as "some sort of crypto-Nazi." Ackman wrote that he agreed with Shapiro's analysis.

Persons: Bill Ackman, Elon Musk, Ackman, —, who's, Musk, Ben Shapiro, Shapiro, Israel Organizations: Elon, Service, SpaceX, Facebook, Defamation League, ADL, Palestine, Harvard University, Health Locations: Israel, Gaza

☆ Sam Altman says successful people ‘believe in themselves almost to the point of delusion’—that's frightening, says expert
▼ + stars: | 2023-11-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Sam Altman, CEO of OpenAI, speaks to the media as he arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 11, 2023 in Sun Valley, Idaho. Some, like ex-OpenAI CEO Sam Altman, believe in taking it to an extreme — and that's when they turn from inspiring to frightening, says a leadership expert. "The most successful people I know believe in themselves almost to the point of delusion." Altman is "far from the first entrepreneur to have endorsed the idea that you have to believe in yourself, above all else" to succeed, says Moore. In his blog post, titled "How To Be Successful," Altman cited billionaire Elon Musk's "absolute certainty" that SpaceX could soon send a rocket to Mars as the "benchmark for what conviction looks like."

Persons: Sam Altman, Don Moore, Berkeley's, Altman, Moore, Elon Musk's, Musk Organizations: OpenAI, Allen & Company Sun Valley Conference, University of California, Berkeley's Haas School of Business, CNBC, Microsoft, SpaceX Locations: Sun Valley , Idaho, OpenAI, Mars

OpenAI and Altman did not reply to requests for comment. Kholsa Ventures, an early backer of OpenAI, wants Altman back at OpenAI but "will back him in whatever he does next," the fund's founder Vinod Khosla posted on X on Saturday. Others expressed support for joining Altman in starting a company, a third person familiar with the matter said. Tech website The Verge earlier reported the OpenAI board's discussions with Altman to return as CEO. Forbes reported on Saturday investors were plotting to restore Altman as CEO.

Persons: Sam Altman, Altman, Vinod Khosla, Altman's, Elon Musk, Greg Brockman, OpenAI, Brockman, Szymon Sidor, Sidor, Jony, SoftBank, Masayoshi Son, Brad Lightcap, Forbes, Krystal Hu, Anna Tong, Jeffrey Dastin, Gursimran, Chizu Nomiyama, Kenneth Li, William Mallard Organizations: Microsoft, Kholsa Ventures, Union, U.S, Altman, Reuters . Tech, Thomson Locations: OpenAI, New York, San Francisco, Gursimran Kaur, Bengaluru

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

TikTok, accused of elevating pro-Palestinian content, blamed “unsound analysis” of hashtag data. Some Instagram and Facebook users circulated a petition accusing the platforms’ parent company, Meta, of censoring pro-Palestinian posts, which Meta attributed to a technical bug. Antisemitic content swarmed onto X, the platform formerly known as Twitter and run by the billionaire Elon Musk. The major tech companies have long offered some degree of access, but researchers said that now seems to be shrinking. TikTok has been accused of amplifying pro-Palestinian videos through its powerful algorithmic feed and of failing to address antisemitic content.

Persons: TikTok, Elon Musk, Linda Yaccarino, “ We’re, ”, Megan A, Brown, —, Sacha Baron Cohen, Debra Messing, Musk, Osama bin Laden, America ”, Isabelle Frances, Wright, Moustafa Ayad, Ms, Frances, Jamie Favazza, Meta, Sukrit Venkatagiri, standwithIsrael Organizations: Facebook, Tech, Meta, Twitter, University of Michigan, IBM, Institute for Strategic, Swarthmore College Locations: Israel, United States, U.S, Beijing

☆ Amazon's prototype Kuiper satellites operating successfully
▼ + stars: | 2023-11-16 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

REUTERS/Joe Skipper/File Photo Acquire Licensing RightsNov 16 (Reuters) - Amazon.com (AMZN.O) said on Thursday its two prototype satellites for its planned Kuiper internet network have been operating successfully in orbit, with the project on track to start launching operational satellites by mid-2024. The Kuiper internet network is set to compete against billionaire Elon Musk's Starlink, the world's largest satellite operator, to offer broadband internet service globally to consumers, companies and governments. Amazon said it used the prototype satellites for brief two-way video calls, streaming a high-definition movie on Prime Video and ordering items off Amazon's website. Badyal declined to say how many satellites Amazon would launch per rocket. The Boeing-Lockheed joint venture United Launch Alliance is set to loft the first several batches of Kuiper satellites aboard its Atlas 5 and the company's upcoming Vulcan rocket.

Persons: Joe Skipper, Elon Musk's Starlink, Rajeev Badyal, Badyal, Jeff Bezos, Joey Roulette, Zaheer Kachwala, Tasim Zahid, Will Dunham Organizations: United, Alliance, Cape Canaveral Space Force, REUTERS, United Launch Alliance, U.S . Federal Communications Commission, Reuters, Vodafone, Verizon, Amazon, Boeing, Lockheed, Vulcan, SpaceX, Thomson Locations: Cape Canaveral , Florida, U.S, Florida, New York, Bengaluru

☆ US SEC presses judge to force Elon Musk to testify in Twitter probe
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

In a document filed in federal court in San Francisco on Thursday, the SEC defended its efforts to compel Musk's testimony, saying agency officials are acting within their authority. The SEC last month said it was investigating Musk's 2022 purchases of stock in Twitter -- which Musk subsequently renamed X -- and his statements and SEC filings relating to his takeover of the social media giant. Musk had refused to attend a September interview for the probe, the SEC said. Musk and his lawyers on Nov. 2 asked the judge to deny the SEC's motion to compel his testimony, saying Musk had already testified twice and that the agency was exceeding its authority. But the SEC on Thursday rejected those claims, saying agency officials are indeed granted authority by law to seek testimony and documents as they pursue their investigative work.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, Chris Prentice, Michelle Price Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Thomson Locations: Paris, France, San Francisco

☆ Snap employees say CEO Evan Spiegel is in his 'Elon era' and promoting a 'hardcore' work culture
▼ + stars: | 2023-11-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Evan Spiegel is having an "Elon moment," according to a report from the The Information citing staff. The 33-year-old Snap CEO is taking a hands-on approach and asking employees to work harder. Business Insider reported in October that staff in Snap's ad business are struggling with nitpicking and micromanagement. Several employees who left the company recently told The Information that Snap's 33-year-old cofounder and CEO Evan Spiegel is in his "Elon era" or "Elon moment," as he makes decisions emulating the billionaire's "hardcore" work culture at X — formerly Twitter. Snap's advertising business makes up a huge chunk of its revenue.

Persons: Evan Spiegel, Elon, —, Elon Musk, Spiegel hasn't, Musk, Spiegel, Nima Khajehnouri, Jeremi Gorman, Peter Naylor, Snap's, Jerry Hunter, we're Organizations: Business, Service, Employees, Santa Locations: Santa Monica

☆ Musk's Starlink secures $90 mln contract to offer free internet in Mexico
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsMEXICO CITY, Nov 15 (Reuters) - Starlink, the satellite internet service of billionaire Elon Musk, has secured a 1.56 billion peso ($89.80 million) contract to offer free internet in Mexico until the end of 2026, a Mexican government official said on Wednesday. Mexico has signed contracts for free internet with nine companies, including Starlink, Calderon added. Starlink is also set to provide infrastructure for Mexico's state energy firm through December 2026, according to documents seen by Reuters. The contract to work with Mexico's Comision Federal de Electricidad (CFE) is valued at between 887.5 million pesos and 1.8 billion pesos.

Persons: Elon Musk, Nacho, Musk's, Carlos Emiliano Calderon, Calderon, Raul Cortes Fernandez, Sharon Singleton Organizations: SpaceX, Mobile World Congress, REUTERS, MEXICO CITY, Starlink, Reuters, Mexico's Comision, Thomson Locations: Barcelona, Spain, MEXICO, Mexico

☆ ‘Substantial doubt’ the owner of Trump’s Truth Social will survive, accountants warn
▼ + stars: | 2023-11-14 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Former President Donald Trump’s social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long-delayed merger, according to corporate filings. Trump Media and Digital World said the filing of the financial documents on Monday mark a key step forward towards finalizing their merger. That merger is key for the survival of Trump Media as it would unlock hundreds of millions of dollars in funding. The SEC filings indicate Trump Media lost $59.1 million in 2021 before posting a net profit of $50.5 million in 2022. Still, Digital World, the blank-check firm seeking to merge with Trump Media, is bullish on the venture.

Persons: Donald Trump’s, Elon Musk, Trump, “ TMTG, ”, Devin Nunes, ” Trump, Matthew Kennedy, TMTG, ” Kennedy, Kennedy, Matthew Tuttle, Donald Trump, Donald J, CNN’s Chris Isidore Organizations: New, New York CNN, Trump Media & Technology, SEC, Social, Trump, Trump Media, ” Trump Media, Big Tech, Renaissance, Tuttle Capital Management, Facebook, Securities and Exchange Commission Locations: New York

☆ Musk's Starlink wins bid to roll out Mexico's rural satellite internet -documents
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

SpaceX logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMEXICO CITY, Nov 6 (Reuters) - Starlink, the satellite internet service of billionaire Elon Musk's rocket manufacturer SpaceX, has won a tender from Mexico's state energy firm to provide services through December 2026, according to documents seen by Reuters on Monday. The contract is valued between 887.5 million pesos ($51 million) and 1.8 billion pesos ($101 million), according to the decision from Mexico's Comision Federal de Electricidad (CFE). Starlink's bid beat out those of two other companies because it "offered the best conditions in terms of price," the document said. The contract would provide infrastructure for CFE's rollout of internet access throughout rural Mexico, according to a separate document seen by Reuters, a draft contract from CFE.

Persons: Elon, Dado Ruvic, Starlink, Adriana Barrera, Kylie Madry, Matthew Lewis Organizations: SpaceX, REUTERS, MEXICO CITY, Reuters, Comision, CFE, Thomson Locations: MEXICO, Mexico

NEW YORK, Nov 6 (Reuters Breakingviews) - Elon Musk does well when his back is against the wall. His investment in X now fills the longshot role, which leaves him little to lose. Grok, as it is called, has “real-time access to info via the X platform,” Musk noted in a post, which gives it a “massive advantage” over other AI models. Although the product is still being tested, Musk says it already can out-compute OpenAI’s GPT-3.5 and Meta Platforms' (META.O) Llama 2. X may be near, or already has hit, rock bottom, right where Musk often does his best work.

Persons: Elon, Tesla, Musk, ” Musk, Linda Yaccarino, X, Billionaire Elon Musk, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Twitter, New York Times, Microsoft, New, Billionaire, OpenAI, Thomson

☆ Elon Musk Says His New AI Bot ‘Grok’ Will Have Sarcasm and Access to X Information
▼ + stars: | 2023-11-04 | by ( Jason Dean | ) www.wsj.com time to read: 1 min

U.K. Prime Minister Rishi Sunak and billionaire Elon Musk discussed a wide range of topics, from China to the implications of rogue robots, during an event at the UK’s first major summit on artificial intelligence safety. Photo: Tolga Akmen/Press PoolElon Musk gave a glimpse of his artificial-intelligence startup’s first product: a bot named Grok whose sense of humor he demonstrated with jokes about Sam Bankman-Fried and how to make cocaine. Musk, with a series of posts late Friday on X, included what he indicated were sample responses from Grok as he boasted that it will have a sarcastic sense of humor and the advantage of access to information via X, the platform formerly known as Twitter that he bought just over a year ago. He said Grok would begin limited testing on Saturday to a select group, and, after early beta testing, be made available to X’s Premium+ subscribers.

Persons: Rishi Sunak, Elon Musk, Tolga, Sam Bankman, Grok Organizations: Elon Locations: China

☆ Elon Musk and Rishi Sunak chat China, killer robots and the meaning of life
▼ + stars: | 2023-11-03 | by ( Alistair Smout | ) www.reuters.com time to read: +3 min

Musk backed China's inclusion in the first AI Safety Summit, hosted at Bletchley Park, England, which has drawn leading companies and nations together to agree initial steps on how to manage the risks of cutting-edge AI models. Musk, who was in May given royal-like treatment during a visit to China, welcomed that Beijing had participated in AI safety talks at the event. Britain's Prime Minister Rishi Sunak attends an in-conversation event with Tesla and SpaceX's CEO Elon Musk in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing Rights"We very much have a tax system that supports that," Sunak said. Reporting by Alistair Smout; Writing by William James; Editing by Paul Sandle and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Billionaire Elon Musk, Rishi Sunak, Musk, they're, Sunak, Tesla, Elon Musk, Kirsty Wigglesworth, Alistair Smout, William James, Paul Sandle, Jamie Freed Organizations: Billionaire, British, Safety, Bletchley, Britain, SpaceX, Britain's, REUTERS Acquire, Thomson Locations: Beijing, Britain, United States, London, Bletchley Park, England, China, London's

☆ Tech Giants Spend Billions on AI Startups—and Get Just as Much Back
▼ + stars: | 2023-11-03 | by ( Berber Jin | Tom Dotan | ) www.wsj.com time to read: 1 min

U.K. Prime Minister Rishi Sunak and billionaire Elon Musk discussed a wide range of topics, from China to the implications of rogue robots, during an event at the UK’s first major summit on artificial intelligence safety. Photo: Tolga Akmen/Press PoolAmazon , Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are making the big tech firms the largest backers and most direct beneficiaries of these startups, reflecting how some of the AI boom’s biggest rewards keep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue.

Persons: Rishi Sunak, Elon Musk, Tolga Organizations: Google, Microsoft Locations: China

☆ Walmart pledges $1 million aid for Israel victims
▼ + stars: | 2023-11-01 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 1 (Reuters) - Walmart Foundation, the philanthropy arm of the U.S. retailer, has pledged $1 million to an Israeli disaster relief and emergency medical service organization. UBS , Goldman Sachs (GS.N) and Jefferies are among companies to have pledged aid to Israel. As the Israel-Hamas conflict intensifies, others, including billionaire Elon Musk, are providing aid in the Middle East in other ways. Walmart does not operate stores in Israel, but employs 171 people in the country who work for its tech arm Walmart Global Tech, its Walmart U.S. operations and its Flipkart business in India. Walmart said its donation follows a $1 million grant the Walmart Foundation pledged to the U.S.

Persons: Goldman Sachs, Jefferies, Magen David Adom, Ofer Saban, Elon Musk, SpaceX's, Saban, Siddharth Cavale Organizations: Walmart Foundation, UBS, Walmart, Walmart Global Tech, Walmart U.S, . Holocaust Museum, Thomson Locations: U.S, Jerusalem, Israel, Gaza, India, New York

☆ Even CEOs are joining the 'Great Resignation'
▼ + stars: | 2023-10-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

CEOs are quitting at record rates this year with 1,425 exits in the first nine months of 2023 alone. That's according to a new report by Challenger, Gray, and Christmas about the number of CEO exits in 2023. AdvertisementAdvertisementCEOs are the latest to bow under the pressure of a challenging economic environment and are joining the "Great Resignation," at record rates, a new report by outplacement firm Challenger, Gray & Christmas found. According to Challenger, Gray & Christmas' report, 164 CEOs quit in September 2023, up from the 74 CEOs who left their jobs in the same period last year. CEO exits in the government and non-profit sector were also up sharply from last year, climbing from 190 to 353.

Persons: Gray, There's, CNN's Chris Licht, —, Elon Musk, Linda Yaccarino, Chris Licht Organizations: Challenger, Service, SEC, Twitter, CNN

Search resuls for: "Billionaire Elon Musk"

25 mentions found