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☆ Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
▼ + stars: | 2024-06-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewA Tesla investor accused Elon Musk of using insider information on his company to sell $7.5 billion worth of Tesla stock in 2022, according to a lawsuit filed Thursday in Delaware Chancery Court. "Musk's insider profits for his November and December sales were approximately $3 billion based on the January 3, 2023 closing price of $108.10 per share," the lawsuit alleged. AdvertisementPerry also accused Musk of misleading shareholders about what to expect in the fourth quarter of that year in an October 2022 earnings call. "So, Q4 is looking extremely good," Musk said in the call, according to a transcript published by The Motley Fool. AdvertisementMcCormick's ruling has caused Musk to sour on Delaware and has been pitching a move for Tesla to be incorporated in Texas.

Persons: —, Elon Musk, Michael Perry, Tesla, Perry, Musk, Larry Ellison, Ellison, James Park, Kathaleen McCormick, McCormick Organizations: Service, Business, Oracle, New York Times, University of California, Investors Locations: Delaware Chancery, Los Angeles, Delaware, Texas

☆ All the questions you have about Donald Trump's criminal conviction, answered
▼ + stars: | 2024-05-31 | by ( Erin Snodgrass | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump is officially a felon. Related stories This story is available exclusively to Business Insider subscribers. Legal experts told Business Insider that Trump will more likely receive probation at his sentencing, which is set for July 11. Can Donald Trump still run for president? And he's already doubled down on trying to use Thursday's guilty verdict to his advantage.

Persons: —, Donald Trump, Joe Biden, Trump, Stormy Daniels, Michael Cohen, Daniels, Cohen, baselessly, Michael Cohen's, Trump's, Biden, Kathy Griffin Organizations: Service, Trump, Business Locations: Manhattan, New York

Read previewFormer President Donald Trump's historic conviction on Thursday may have been in part due to mistakes made by his defense team, including not having him take the stand, legal experts told Business Insider. Though the conclusion of the case was significant, three legal experts told BI the verdict wasn't a major shock. AdvertisementHe pointed to opening statements made by Trump's lawyer, Todd Blanche, that Rahmani thought suggested an accountant would testify and serve as a fall guy. AdvertisementNot long before resting their case, the defense told the judge they were still weighing having Trump testify. Some legal experts previous said testifying would not be a good idea for Trump, with concerns that he could end up committing perjury.

Persons: —, Donald Trump's, Trump, Stormy Daniels, Alex Reinert, Eric Anderson, Sullivan Wright Gizer, McRae, Donald Trump, Daniels, Neama, Todd Blanche, Michael Cohen, Trump's, Rahmani, David Pecker, Anderson, Cohen, hadn't, It's, Merchan, Biden Organizations: Service, New, Business, Cardozo School of Law, McRae LLP, West, Trial, National Enquirer, Trump Locations: New York

☆ Trump Family Reacts to Guilty Verdict: Don Jr. Eric Trump Denounce Conviction
▼ + stars: | 2024-05-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Donald Trump is now a convicted felon after a jury found him guilty in the hush-money trial. His two eldest sons immediately took to social media to denounce the verdict. "Such bullshit," Donald Trump Jr. said on X. AdvertisementDonald Trump's eldest sons immediately posted on social media to denounce their father's historic conviction on Friday in the New York hush-money trial. "Such bullshit," Donald Trump Jr. wrote on X, before publishing more posts, criticizing the verdict and baselessly painting the trial as an attempt to interfere with the 2024 election.

Persons: Donald Trump, Donald Trump Jr, —, Donald Trump's Organizations: Service, Business Locations: New

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ Trump's sentencing is set for July, but he won't face consequences anytime soon, legal expert says
▼ + stars: | 2024-05-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The judge scheduled Trump's sentencing hearing for July 11. But it could take months, maybe over a year, until Trump faces any consequences, legal expert says. Delays, delays, delays. The judge, New York Supreme Court Justice Juan Merchan, set Trump's sentencing hearing for July 11 at 11 a.m. With an appeal, which can come after Trump's sentencing, Reinert said it's almost certain that any sentence will be stayed pending the appeal, meaning Trump won't have to face the consequences until the appeal is resolved.

Persons: Donald Trump, —, Stormy Daniels, Juan Merchan, Trump, Alex Reinert, Reinert, Justice Merchan, it's, I'd Organizations: Trump, Service, New, Business, Cardozo School of Law, Manhattan District Locations: New, New York

☆ Elon Musk uses an unusual layoff strategy that sends all the wrong messages, HR expert says
▼ + stars: | 2024-05-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Tesla is rehiring some of the nearly 500 Supercharger staff members Musk fired in April as a cost-saving measure amid challenging times at the EV company, Bloomberg reported earlier this month. Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. At Tesla, for example, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. Other former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.

Persons: —, Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, Levenson, that's, Weeks, Kali Hays Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, BI, Tesla, New York Times, National Labor Relations, NLRB, Musk's SpaceX, Twitter's Locations: York

☆ US-supplied tanks aren't sufficient in a 'war of drones,' Ukrainian soldier told CNN
▼ + stars: | 2024-05-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

1 target, a Ukrainian soldier told CNN. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTanks supplied by the US are not proving helpful enough for Ukrainian soldiers amid a war that has been heavily reliant on drones. Military experts previously told Business Insider that the use cases for the tanks would be limited due to terrain conditions and the lack of tank-on-tank warfare, which is the Abrams' specialty. This story is available exclusively to Business Insider subscribers.

Persons: —, Abrams Organizations: Ukraine, CNN, Service, Military, Business Locations: Ukraine, Ukrainian

☆ Elon Musk runs successful companies. That doesn't mean he's doing it very well, HR experts say.
▼ + stars: | 2024-05-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. On top of Tesla and X, Musk also runs SpaceX, Neuralink, AI startup xAI, and an underground tunnel company. AdvertisementAt Tesla, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. AdvertisementOther former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.

Persons: —, Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, that's, Weeks, Kali Hays, Levenson Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, Getty, New York Times, National Labor Relations, BI, NLRB, Musk's SpaceX, Twitter's Locations: York

☆ Cockroaches wouldn't exist without humans. We helped them become one of the world's worst pests, according to a new study.
▼ + stars: | 2024-05-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

The German cockroach is one of the most common household pests worldwide. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf you ever saw a cockroach scuttling across your kitchen floor or a restaurant wall, chances are it was a German cockroach. The German roach is the most common of the 70 different cockroach species in the US. This story is available exclusively to Business Insider subscribers.

Persons: —, didn't Organizations: Washington, Service, Business Locations: German

☆ Former OpenAI board members say the company can't be trusted to govern itself
▼ + stars: | 2024-05-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewTwo former OpenAI board members say artificial intelligence companies can't be trusted to govern themselves and that third-party regulation is necessary to hold them accountable. Helen Toner and Tasha McCauley were board members at OpenAI before they stepped down in November amid a chaotic push to oust OpenAI cofounder Sam Altman. AdvertisementWith Altman back at the helm, Toner and McCauley wrote that OpenAI can't be trusted to hold itself accountable. Related storiesThe former board members wrote that they once believed that OpenAI could govern itself, but "based on our experience, we believe that self-governance cannot reliably withstand the pressure of profit incentives." AdvertisementThe board's 22 members include Altman and chief executives of large tech companies, including Nvidia CEO Jensen Huang and Alphabet CEO Sundar Pichai.

Persons: —, Helen Toner, Tasha McCauley, OpenAI, Sam Altman, Altman, Scarlett Johansson, Chat, Toner, McCauley, — bode, Jensen Huang, Sundar Pichai, ethicists, Margaret Mitchell Organizations: Service, Business, Department of Homeland Security, Artificial Intelligence, Security Board, Nvidia, Ars Technica Locations: OpenAI

☆ 30-year-old Grayson Murray died by suicide a day after withdrawing from the PGA tournament
▼ + stars: | 2024-05-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Professional golfer Grayson Murray, a two-time PGA Tour winner, died Saturday. Murray died by suicide, according to a statement from his family. AdvertisementTwo-time PGA Tour winner Grayson Murray died Saturday, just a day after he withdrew from the tour's Charles Schwab Challenge, PGA Tour Commissioner Jay Monahan announced in a statement. His parents, Eric and Terry Murray, revealed in a statement through PGA Tour on Sunday that he died by suicide. "We would like to thank the PGA TOUR and the entire world of golf for the outpouring of support," the family said.

Persons: Grayson Murray, Charles Schwab, Murray, —, Jay Monahan, Eric, Terry Murray, Grayson Organizations: PGA, Service, Saturday, Charles Schwab Challenge

☆ Don't count Apple out of the AI race
▼ + stars: | 2024-05-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Apple has largely held off from making any big reveals about its AI plans. A tech analyst says that that's par for course for the company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor the better part of last year, Apple has felt increasing pressure from investors to debut in the generative AI space. This story is available exclusively to Business Insider subscribers.

Persons: —, OpenAI, Tim Cook Organizations: Apple, Service, Google, Microsoft, Business

☆ NASA's Webb Space Telescope discovered 3 rare galaxies that can help astronomers study the cosmic dark ages
▼ + stars: | 2024-05-24 | by ( Lloyd Lee | Jessica Orwig | ) www.businessinsider.com time to read: +3 min

Read previewNASA's James Webb Space Telescope has detected three galaxies as they were likely forming during the universe's infancy, the space agency said Thursday. And it's all thanks to the tremendous observing power of the James Webb Telescope. AdvertisementThe James Webb Space Telescope helps astronomers study the very early universe. The Cosmic Dark AgesJames Webb Space Telescope has revealed 45,000 galaxies in this image, hundreds of which have never been seen until now. Astronomers study the Era of Reionization to understand the very early moments in our universe when galaxies and stars first formed and how.

Persons: —, James Webb, Webb, Kasper Heintz, NASA Heintz, Brant Robertson, Ben Johnson, Sandro Tacchella, Marcia Rieke, Daniel Eisenstein, Heintz Organizations: Service, NASA, Business, James Webb Telescope, University of Copenhagen, James Webb Space Telescope, ESA, CSA, UC, UC Santa Cruz, CfA, University of Arizona Locations: Denmark, UC Santa, Cambridge

☆ Qantas will pay up to about $79 million to resolve claims it sold tickets for canceled flights
▼ + stars: | 2024-05-06 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Qantas was accused in 2023 of advertising tickets to flights that were already canceled. Regulators announced Sunday that the airline agreed to pay $13.2 million to impacted customers. Qantas will pay $149 to domestic ticket holders and $298 to international ticketholders. AdvertisementRegulators said on Sunday that Qantas Airways has agreed to pay about 20 million Australian dollars to more than 86,000 customers to settle allegations that the airline misled them by selling them tickets for canceled flights. The Australian Competition & Consumer Commission (ACCC) said in a Sunday press release that the Australian airline company will pay 225 Australian dollars to domestic ticketholders and 450 Australian dollars — about $149 and $298 in US currency — to international ticketholders.

Persons: — Organizations: Qantas, Regulators, Service, Qantas Airways, Australian Competition, Consumer Commission, Australian, Business

☆ These are the kinds of San Francisco roads Tesla's FSD had a hard time dealing with, report says
▼ + stars: | 2024-05-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

It's unclear if other aspects of Sunset's grid trip up Tesla's FSD more than other San Francisco neighborhoods. A Tesla makes an unprotected left turn on Lincoln Way, a major road in San Francisco's Sunset District. Another street that was once notoriously difficult for Tesla's FSD to work in was Lombard Street, a steep and windy road northwest of San Francisco. When asked about using the FSD feature in the Sunset, she told BI that she had "no problems" with it. AdvertisementA Tesla parked in San Francisco's Sunset District, where company employees rigorously tested the car's Full Self-Driving technology, according to a report.

Persons: Tesla, —, Elon Musk's, Musk's, Lloyd Lee, FSD, Francisco's, Tayfun, John Bernal, Musk, Walter Huang Organizations: The, Service, X, Railway, San, Sunset District, Lincoln, BI, Anadolu Agency, Getty, Tesla, Washington Post, P Global Mobility, California Department of Motor Vehicles, Los Angeles Times Locations: Sunset, San Francisco, city's, Judah, San Francisco Municipal, Lincoln, Francisco, San, San Francisco San Francisco, Lombard

☆ A product manager who worked at Meta and Google reveals which company is best for work-life balance
▼ + stars: | 2024-05-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

A Meta product manager who also worked at Google in a similar role revealed some differences between the tech companies based on his experiences over the past six years. AdvertisementCompany transparencyMeta does maintain some of the transparency the company was known for in its earlier days, McKinnon wrote. At Meta, McKinnon was aware of what other teams were working on, partly through the company's internal forums and dashboards. At Google, employees mostly communicate through email or chat, so it's more difficult to know what everyone is doing, McKinnon wrote. At Google, McKinnon saw that projects were largely created and led by software engineers, and PMs played a more auxiliary role.

Persons: —, Daniel McKinnon, Ray, McKinnon, Googlers, Meta's, Mark Zuckerberg, Sundar, Alphabet's, Sundar Pichai wasn't, Zuckerberg, Meta, VPs, Susan Li Organizations: Meta, Google, Service, Unit, Business, Facebook, . Software Engineers Locations: Meta

☆ Jack Dorsey has entered the epic rap beef between Kendrick Lamar and Drake
▼ + stars: | 2024-05-04 | by ( Hannah Getahun | Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Jack Dorsey seems to support Kendrick Lamar's latest disses on Canadian rapper Drake. Dorsey's support for Lamar goes back years — he even appeared in one of Lamar's music videos. AdvertisementThe beef between Kendrick Lamar and Drake has been filled with unexpected characters, including pop sensation Taylor Swift and long-dead legend Tupac Shakur. After a back-and-forth of three diss tracks between Lamar and Drake, Lamar released two songs this week. "Euphoria" dropped on Tuesday, and "6:16 in LA" dropped on Friday.

Persons: Jack Dorsey, Kendrick Lamar's, Drake, Lamar, —, Kendrick Lamar, Taylor Swift, Tupac Shakur, he's, Kung Fu Kenny Organizations: Twitter, Service, Business Locations: —, Lamar, LA

☆ AI boom in Silicon Valley is going to worsen the housing problem, says CEO of billionaire-backed company trying to build a new city near San Francisco
▼ + stars: | 2024-05-03 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Jan Sramek, CEO of California Forever, wants to build a new city in Solano County, California. The recent "AI boom" will only make the housing crisis worse, Sramek told Kara Swisher. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Previously published information from California Forever revealed that the city will be about 18,600 acres with a capacity to welcome 400,000 residents. A California Forever spokesperson didn't address the question in an emailed response to Business Insider.

Persons: Jan Sramek, Sramek, Kara Swisher, —, Goldman Sachs, didn't, The Lever Organizations: Service, Silicon, California Forever, Business, International Monetary Fund, IMF, Research Locations: California, Solano County , California, Northern California, Solano County, San Francisco, Golden State, Bay, Palo Alto

☆ At least 123 Chinese automakers are facing off against Tesla for EV dominance
▼ + stars: | 2024-04-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

About 123 car companies sold electric vehicles, an auto consultant told WSJ. AdvertisementCompetition in the electric vehicle sector is only getting stiffer for Tesla in China, but what does that space exactly look like? AdvertisementAs Business Insider's Linette Lopez noted in February, automakers received a huge lift from Beijing as it doled out government subsidies to any car company that would contribute to the country's pivot to electric vehicles. AdvertisementStill, Tesla remains one of the country's top EV sellers, and only a few brands compete with the US-based automaker. The competition, however, comes amid a slowdown in EV sales that's being felt in the US and China.

Persons: —, Stephen Dyer, Insider's Linette Lopez, Lopez, Tesla, Dyer, BI's George Glover, BYD Organizations: EV, Service, Tesla, Wall Street, Kiel Institute, The Locations: China, Beijing, Germany, —

☆ Trump's reversal on RFK Jr.'s candidacy is 'no surprise' ex-GOP strategist says
▼ + stars: | 2024-04-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Donald Trump posted on Truth Social Friday about Robert F. Kennedy Jr.Trump called the third-party candidate a "Democrat 'Plant'" and "Radical Left Liberal." The diatribe comes as polling shows RFK Jr.'s run could siphon votes away from Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Friday evening, Trump took to Truth Social to attack Robert F. Kennedy Jr., an independent candidate running a long shot presidential campaign. "RFK Jr. is a Democrat 'Plant,' a Radical Left Liberal who's been put in place in order to help Crooked Joe Biden," Trump alleged in his post.

Persons: Donald Trump, Robert F, Kennedy Jr, Trump, —, Joe Biden, Radical Left Liberal who's, Crooked Joe Biden Organizations: Democrat, Left Liberal, RFK, Trump, Service, Radical Left Liberal, Business

☆ Facebook cofounder accuses Tesla of being the next 'Enron'
▼ + stars: | 2024-04-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewA Facebook cofounder's attacks against Tesla continues, and it comes with one of his boldest allegations against the company to date: Tesla is the next Enron. — Elon Musk (@elonmusk) April 26, 2024Moskovitz had not yet addressed Musk's posts on Friday. On Wednesday, the Facebook cofounder acknowledged the gravity of his comments in his social media post. Moskovitz also has long been skeptical of Elon Musk and his ventures. "I call on Elon Musk to resign," Moskovitz said on Threads last year, adding that he should resign "(from everything)."

Persons: —, Tesla, Dustin Moskovitz, Asana, Elon Musk, Musk, Dustin Moskowitz, — Elon, Moskovitz Organizations: Service, Business, Tesla, Enron, Traffic Safety Administration, Securities and Exchange Commission, Bloomberg, Justice Department, SpaceX, Elon

☆ AI tools from Microsoft and Google are just streamlining middle management, leading AI expert says: WSJ
▼ + stars: | 2024-04-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Microsoft Copilot and Google Gemini have been advertised as AI-powered productivity tools. But Ethan Mollick, a leading AI expert, has a more cynical view of the products. Copilot automates middle management while Gemini makes surveillance easier, he told WSJ. AdvertisementMicrosoft and Google rolled out their own AI-powered productivity tools last year, touting them as products that could revolutionize how people work. This story is available exclusively to Business Insider subscribers.

Persons: Ethan Mollick, —, JP Morgan Organizations: Microsoft, Google, Gemini, Service, University of Pennsylvania's Wharton School of Business, White, Business

☆ Microsoft and Alphabet just proved AI boom has room to run
▼ + stars: | 2024-04-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Microsoft and Alphabet reported quarterly earnings that beat Wall Street's expectations. On Thursday, just off the heels of Meta's mixed first-quarter results that caused a dip on Wall Street, Microsoft and Alphabet just proved that there's money to be made off of artificial intelligence. However, the executive also made sure to highlight the contributions of Google Cloud, which now comes with generative AI services through Google's AI model, Gemini. Investors appeared pleased with Microsoft's and Alphabet's quarterly performance, which gave the companies a stock surge, as Wall Street continues to nurse a hangover from Meta's first-quarter report. "They have a goldmine of AI engineers and data, and now they're starting to monetize it," Ives said of Alphabet and Microsoft.

Persons: Wedbush's Dan Ives, —, Meta's, Sundar Pichai, Mercedes, Pichai, Ruth Porat, Satya Nadella's, Nadella, Microsoft's, Dan Ives, Ives Organizations: Microsoft, CNBC, Service, Google, Bayer, Cintas, Mercedes Benz, Walmart

☆ CEOs make the message clear on AI's big payoff: Be patient
▼ + stars: | 2024-04-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

And the initial signs are quite positive here too," Zuckerberg told investors in an earnings call. AdvertisementElon Musk had even stronger words for investors on Tuesday after Tesla reported plunging profits. Even so, Musk insisted during an earnings call that Tesla is an AI company and had a specific message to any shareholder who thinks that Tesla won't develop self-driving someday. On Thursday, Microsoft and Alphabet reported profits, which they ascribed in part to their respective AI sectors. Google's parent company reported $23.7 billion in profits for the same period.

Persons: —, Apple, Demis Hassabis, Sam Altman, Mark Zuckerberg, Zuckerberg, we've, Elon Musk, Tesla, Musk, Matthew Prince, Sundar Pichai, Pichai Organizations: Service, Meta, OpenAI's, EV, Economic, Reuters, Nvidia, Microsoft Locations: Davos

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