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☆ Meet the Ambanis, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars
▼ + stars: | 2024-03-01 | by ( Katie Warren | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mukesh Ambani is worth $111 billion, according to the Bloomberg Billionaires Index. The Ambanis live in a 27-story skyscraper in Mumbai thought to have cost $1 billion to construct. The Ambanis made headlines in 2018 for throwing one of the most lavish wedding celebrations ever for Isha Ambani and Anand Piramal. This week the family is staging an extravagant 3-day pre-wedding celebration for Anant, Mukesh Ambani's youngest son. The Ambani family home in Mumbai is a 27-story skyscraper that cost an estimated $1 billion to build.

Persons: Mukesh Ambani, —, Anant, Isha Ambani, Anand Piramal, Priyanka Chopra, Nick Jonas, Hillary Clinton, Arianna Huffington, Mukesh Ambani's, Bill Gates, Mark Zuckerberg, Rihanna, Sundar Pichai, Jay Y, Lee, Ambani Organizations: Bloomberg, Reliance Industries, Service, Tech, Guardian, Reuters, Samsung Electronics, The Locations: Mumbai, India, Gujarat, The Times

☆ Bill Gates and Mark Zuckerberg are among the CEOs and celebs set to attend a 3-day pre-wedding party being thrown by an Indian tycoon worth $113 billion
▼ + stars: | 2024-02-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Bill Gates and Mark Zuckerberg are among those set to attend the pre-wedding celebrations in March. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome of the world's top business leaders are expected to attend the pre-wedding celebrations of Anant Ambani in India. Here's a look at some of the other business chiefs and celebrities rumored to be attending the celebrations.

Persons: Mukesh Ambani, Bill Gates, Mark Zuckerberg, —, Anant Ambani, Ambani, Radhika Merchant, Sundar Pichai, Jay Y, Lee, Rihanna, David Blaine Organizations: Service, Fortune, Reliance Industries, Guardian, Samsung Electronics, The, Reuters Locations: India, The Times

☆ Sam Altman's OpenAI wants to get humanoid robots talking. Here's why.
▼ + stars: | 2024-02-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

OpenAI has partnered with Figure AI, a startup developing humanoid robots. OpenAI believes the agreement will open up new pathways for robots to "help in everyday life." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI is betting big on humanoid robots. The ChatGPT creator has signed a collaboration agreement with Figure AI to "develop next generation AI models" for the robots as it believes they can "help in everyday life."

Persons: OpenAI, —, Jeff Bezos, Brad Lightcap, Peter Welinder, OpenAI's, Brett Adcock, Adcock, OpenAI didn't Organizations: Service, Business, Microsoft, NVIDIA, Amazon, US Chamber of Commerce

☆ Nvidia CEO Jensen Huang says supply constraints are easing 'overall'
▼ + stars: | 2024-02-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Jensen Huang said Nvidia's supply issues are easing as it struggles to keep up with demand for its chips amid the AI boom. "Overall, our supply chain is just doing an incredible job for us," Huang said. "We'll do our best and the cycle times are improving," Huang said. This story is available exclusively to Business Insider subscribers.

Persons: —, Jensen Huang, Huang Organizations: Service, Nvidia, Business Locations: InfiniBand

☆ You can now get Tesla's Cybertruck in 3 more colors, including 'satin abyss blue,' if you're willing to pay up to $6,500 more
▼ + stars: | 2024-02-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Tesla has added three new Cybertruck color wraps — costing up to $6,500 — to its online shop. Its website said the wraps are only available at four Tesla service centers in California. The colors "stealth black" and "satin ceramic white" have been available since December. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Tesla, — Organizations: Service, Business Locations: California, West Covina, Oceanside, Costa Mesa, Santa Clara

☆ Elon Musk was likely inspired by Boston Dynamics' humanoid robot, its founder says
▼ + stars: | 2024-02-21 | by ( Jyoti Mann | ) www.businessinsider.com time to read: 1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Elon Musk’s humanoid robotics dream might have been inspired by Boston Dynamics — the company behind the "Black Mirror" style robot dogs. Boston Dynamics founder Marc Raibert recently said that he believes Musk’s ambitions are being driven by seeing the progression of the company's bipedal robot, Atlas. Raibert spoke about Musk and the robotics industry on a recent episode of Lex Fridman's podcast.

Persons: —, Elon, Marc Raibert, Raibert, Musk, Lex Fridman's Organizations: Service, Boston Dynamics

☆ Elon Musk says Neuralink's first patient can move a computer mouse 'by just thinking'
▼ + stars: | 2024-02-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk claims Neuralink's first human patient can move a computer mouse by thinking. The neurotech firm implanted its device into the first human patient in January. Neuralink's brain-chip implant, Telepathy, was approved for human trials by the FDA last May. AdvertisementElon Musk said Neuralink’s first human patient to receive a brain-chip implant can now move a computer mouse cursor using their mind alone. The FDA initially rejected Neuralink’s request last March to start human trials, Reuters reported, over concerns that included the chip possibly overheating.

Persons: Elon Musk, —, Musk, “ We’re, we’re, Neuralink, Neuralink’s, Neuralink didn’t Organizations: FDA, Service, Food and Drug Administration, Reuters, Business

☆ Apple reportedly faces its first EU antitrust fine
▼ + stars: | 2024-02-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Apple blocked rivals from telling users about cheaper options, the EU is expected to say next month. Apple is expected to be fined by the European Union for the first time, according to reports by the Financial Times and Bloomberg. The EU is set to impose a penalty of about 500 million euros ($539 million) in early March, the FT reported. AdvertisementThe EU is expected to find that Apple placed “unfair trading conditions” on rivals to its Apple Music service, per the reports. The streaming company claimed Apple’s App Store rules “purposely limit choice and stifle innovation” by imposing a 30% commission on app developers.

Persons: Daniel Ek, Apple didn’t Organizations: Apple, European Union, Financial Times, Bloomberg, EU, Apple Music, Spotify, Digital Markets, Business Locations: EU

☆ Canva says it's investigating claims of 'inappropriate behavior' by former executive
▼ + stars: | 2024-02-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Canva is investigating claims of inappropriate behavior by an executive, a representative said. AdvertisementCanva says it's investigating claims of inappropriate behavior by a former executive. "We have a zero-tolerance policy for inappropriate behavior and we're fully committed to thoroughly investigating and actioning any instances of this." Canva confirmed the investigation after users on the anonymous social network platform Blind posted complaints involving former CFO Damien Singh. Another Blind user, who claimed to be “from the People and Legal leadership team,” encouraged Canva employees on Blind to report any misconduct allegations to the company.

Persons: Canva, Damien Singh, Singh's, —, we're, ”, “, Singh, Melanie Perkins, Cliff Obrecht, Cameron Adams Organizations: Service, BI, People, Legal, Australian, Canva Locations: Canva

☆ Cisco is the latest healthy tech company to cut jobs with 4,000 layoffs
▼ + stars: | 2024-02-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Cisco is reducing its workforce by 5%, amounting to about 4,000 jobs. The layoffs are part of the company's plan to realign and invest in key priority areas. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Cisco's layoffs are part of plans to “realign the organization and enable further investment in key priority areas”, it said in a SEC filing . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Cisco, Nvidia, Service, SEC, Business

☆ Some Cybertruck owners say their Teslas are starting to rust in the rain
▼ + stars: | 2024-02-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Some Cybertruck owners say their Tesla vehicles are developing rust spots from rain. At least two members of a Cybertruck owners' forum claim their vehicles have orange specks of rust. Cybertrucks do not have a clear coat on their stainless steel body, according to the owner's manual. AdvertisementSome Tesla owners claim their Cybertrucks are starting to rust after being caught in the rain. In a post on the Cybertruck Owners forum, a member called “Raxar” wrote that they'd collected their vehicle that day and were warned that rain could cause it to rust.

Persons: —, ”, they'd, Raxar, Vertigo3pc, Tesla, Elon Musk, Musk Organizations: Service, Delorean, ”, Mead Metals, Business

☆ Sam Altman's $7 trillion chip dreams are way off the mark, says Nvidia CEO Jensen Huang
▼ + stars: | 2024-02-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Altman, the OpenAI chief, is reportedly trying to raise trillions to boost supplies of the chips needed for AI processing. The Nvidia CEO said AI infrastructure costs would be considerably less than the $5 trillion to $7 trillion Altman is reportedly trying to raise because of expected advances in computing. He also suggested that the cost of building AI data centers globally would amount to $2 trillion by 2029. Huang said: “There’s about a trillion dollars’ worth of installed base of data centers. Nvidia has held talks with companies including OpenAI, Microsoft, Google and Meta to develop custom chips for data centers, unnamed sources told Reuters.

Persons: —, Jensen Huang, Sam Altman, Altman, Huang, Omar Al Olama, ” Huang, OpenAI didn’t Organizations: Service, Nvidia, World Governments, Business, United, United Arab Emirates ’, Street, Microsoft, Google, Reuters Locations: Dubai, United Arab, UAE

☆ Spotify CEO Daniel Ek is worth billions — but says he still feels 'inadequate every day'
▼ + stars: | 2024-02-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Spotify founder and CEO Daniel Ek admitted to feeling not good enough every day despite his success. He told Norges Bank Investment Management’s podcast “In Good Company” he often feels "inadequate." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDaniel Ek is a billionaire and CEO of one of the world’s best-known companies — but says he still feels “inadequate every day.”The Spotify chief made the comment on Norges Bank Investment Management’s podcast “In Good Company” last month. The stock has had a rollercoaster ride but is up 58% over the past five years, and 91% up over the past 12 months, leaving Spotify worth $46 billion.

Persons: Daniel Ek, ”, Ek, —, he's, That’s, ” Ek, Forbes, George Barnard Shaw Organizations: Spotify, Norges Bank Investment, Service, New York Stock Exchange, Business Locations: Swedish

☆ Sam Altman reportedly wants trillions of dollars to supercharge chip production
▼ + stars: | 2024-02-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Sam Altman is aiming to raise as much as $7 trillion to significantly increase the world's supply of semiconductor chips, The Wall Street Journal reported. The OpenAI chief has been talking to prospective investors including the United Arab Emirates government about his proposals to help solve the global chip shortage. One potential backer Altman's been courting is the UAE's Sheikh Tahnoun bin Zayed al Nahyan, with the pair meeting recently, the Journal reported, citing unnamed sources. Altman is said to be presenting his idea as a partnership with OpenAI, chip makers, and investors who can finance GPU chip plants. The facilities will then be run by established chip makers, the report says.

Persons: Sam Altman, Altman's, Tahnoun bin Zayed al Nahyan, Altman, CEO's, openai, OpenAI didn't Organizations: Street Journal, United Arab Emirates, OpenAI, Nvidia, Financial Times, Google, Business Locations: Silicon

☆ People are trying to resell the Apple Vision Pro outside the US for more than double its $3,500 list price
▼ + stars: | 2024-02-08 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Days after its launch, users are listing the Vision Pro at highly inflated prices outside the US. Some listed it for more than double the official price, adverts seen by Business Insider show. AdvertisementResellers are listing Apple Vision Pro headsets at highly inflated prices in marketplaces outside the US. One Gumtree advert seen by Business Insider shows the Vision Pro listed for £7,500, or $9,400. Apple is yet to announce an official launch date for the UK and markets outside the US.

Persons: — Organizations: Pro, Business, Apple, Service, Business Insider, Facebook

☆ Okta announces it's laying off about 7% of its workforce
▼ + stars: | 2024-02-01 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The ID verification company told Business Insider it was a "necessary" decision to ensure profitable growth. CEO Todd McKinnon told employees in a memo sent at 5:30 PT that the company is laying off about 400 employees. If your role is impacted, your leadership will schedule a meeting today to discuss next steps. To the impacted employees, I am deeply sorry and we thank you for your many contributions. As we navigate these changes, remember that Okta is critical infrastructure for 18,800 organizations around the world.

Persons: Todd McKinnon, McKinnon, we've, Todd Organizations: Business, Okta Locations: U.S

☆ Senator tells Mark Zuckerberg his product is 'killing people' at child safety hearing
▼ + stars: | 2024-02-01 | by ( Jyoti Mann | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg was grilled at a Senate hearing on online child safety on Wednesday. The Meta chief was told by Senator Lindsey Graham: "You have a product that's killing people." AdvertisementMark Zuckerberg was told that Meta's product is "killing people" at a tense Senate hearing on Wednesday. At one point, the Meta CEO was interrogated by Republican Senator Lindsey Graham during a fiery hearing on online child safety before the Senate Judiciary Committee. AdvertisementBig tech leaders from X, TikTok, Snap, and Discord were also called to testify and the child safety hearing.

Persons: Mark Zuckerberg, Lindsey Graham, —, Graham, Mr, Zuckerberg, General Raúl Torrez, Torrez, Meta didn't Organizations: Meta, Service, New, Guardian Locations: Nigeria, New Mexico

☆ Microsoft and OpenAI are in talks to inject $500 million into humanoid robotics startup Figure AI, report says
▼ + stars: | 2024-01-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Microsoft and OpenAI could be investing in a humanoid robotics startup, Bloomberg reported. The companies might be putting up to $500 million in Figure AI, the report says. AdvertisementMicrosoft and OpenAI are said to be exploring options to invest up to $500 million in a humanoid robotics startup, Bloomberg reported. OpenAI has previously invested in another humanoid robot startup called 1X Technologies, per Bloomberg. Figure AI was founded in 2022 by CEO Brett Adcock, per an Axios report.

Persons: —, OpenAI, It's, Brett Adcock, He's, Jim Fan Organizations: Microsoft, Bloomberg, BMW, Service, Technologies, Boston Dynamics, Robotics, Nvidia, Business Locations: Tesla, LLMs

☆ Microsoft CEO Satya Nadella worries hackers could cause a 'breakdown of world order'
▼ + stars: | 2024-01-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Satya Nadella warned there could be a "breakdown of world order" in an interview with NBC News. The Microsoft CEO said that's a real risk if nations don't strike a "cyber Geneva Convention." AdvertisementSatya Nadella said there's a real risk of a "breakdown of world order" if nations don't come up with a cyber "Geneva Convention." : "If this is about nation-states attacking each other, and especially civilian targets, then we are in a very new world order. And it's a breakdown of world order, which I think we have not seen before."

Persons: Satya Nadella, that's, it'd, —, Nadella Organizations: NBC News, Microsoft, Geneva Convention, Service, NBC, Business Locations: Geneva, Russia, China

☆ China just revealed plans to take on Elon Musk's Neuralink
▼ + stars: | 2024-01-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewChina has bold ambitions to develop its own brain-computer products by 2025. The MIIT said it wants to achieve breakthroughs in hundreds of technologies by creating "iconic products" by 2025, and it includes making brain-computer interfaces like Elon Musk's Neuralink implant. China has been actively working on creating brain-computer interface devices in recent years, including ones that can rival Neuralink. AdvertisementThe SprialE brain-computer interface can be inserted without the need for surgery as it has a spiral design, allowing it to be slid in without an invasive method, the report says. The tech policy document outlining its ambitions comes after the MIIT published a road map in November of its plans to mass-produce humanoid robots by 2025.

Persons: —, Neuralink, Musk Organizations: Service, Business, Ministry of Industry, Information Technology, Elon, FDA, Tianjin University, China Electronics Corporation, China Morning Post, Tsinghua University, Independent Locations: China, Tianjin, Beijing

☆ Elon Musk says Tesla's Optimus lab looks like something out of 'Westworld'
▼ + stars: | 2024-01-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk told Tesla investors the Optimus robot lab looks like something out HBO's "Westworld." Musk recently posted a video of its Optimus lab showing a robot folding a shirt. AdvertisementElon Musk said Tesla's humanoid robot lab looks like something out of the HBO drama "Westworld." The caption says the Optimus lab team is made up of "roboticists" including engineers, technicians, actuator designers and robot design modelers. While little detail is known about the Optimus lab, Tesla was hiring for more than 50 robotics roles last year and many of the jobs were based in Palo Alto, California, its careers page showed.

Persons: Elon Musk, there's, Musk, —, he's, Tesla, Drew Baglino, 3F5o3jVLq1 — Elon, Optimus Organizations: Optimus, Service, YouTube, Investors, Business Locations: Palo Alto , California

☆ MacKenzie Scott sold Amazon stock worth more than $10 billion last year
▼ + stars: | 2024-01-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

MacKenzie Scott sold Amazon stock worth more than $10 billion last year. The ex-wife of Jeff Bezos has an estimated net worth of $37.6 billion , according to the Bloomberg Billionaires Index. Upon signing the pledge, Scott wrote : "I have a disproportionate amount of money to share. The billionaire launched the website Yield Giving in 2022, which details some 1,600 organizations that she's donated $14 billion to since 2019. Scott said in a blog post last March that she donated $3.86 billion to 465 nonprofits since June 2022.

Persons: MacKenzie Scott, Jeff Bezos, Scott, Bezos, Lauren Sanchez, she's Organizations: Bloomberg, Amazon, California Community Foundation Locations: Beverly

☆ Facebook is turning 20. Now Mark Zuckerberg is figuring out what comes next for Meta.
▼ + stars: | 2024-01-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been steering the ship since he cofounded Facebook almost 20 years ago. Unlike some of the other founding fathers of major tech firms, the Meta CEO has not yet handed over the reins to someone else. This story is available exclusively to Business Insider subscribers. Meta didn't respond to a request for comment from Business Insider.

Persons: —, Mark Zuckerberg, Jeff Bezos, Larry Page, Zuckerberg, Josh Edelson, Linette Lopez, Andrew Bosworth, it's, It's, Bill Gates, Warren Buffett Organizations: Service, Facebook, Business, Meta, Getty, Bloomberg, Reality Labs, Microsoft, Berkshire Hathaway Locations: AFP, Berkshire

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA slew of companies across the tech, media, finance, and retail industries made significant cuts to staff in 2023. Major tech players like Google and Meta, finance giants like Goldman Sachs, and manufacturers like Dow all announced layoffs. Thirty-eight percent of business leaders surveyed by ResumeBuilder think layoffs are likely at their companies in 2024, and around half say their companies will implement a hiring freeze. Major tech companies like Dropbox, Google, and IBM have already announced job cuts as part of a new focus on AI.

Persons: —, Goldman Sachs, ResumeBuilder, they'll Organizations: Service, Google, Meta, Dow, Business, IBM

☆ 23andMe took 5 months to realize hackers had stolen data from customer accounts
▼ + stars: | 2024-01-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Advertisement23andMe customer accounts were breached by hackers last year, but it took the DNA testing company five months to detect the intrusion. The company learned about the attack after stolen customer data was advertised on Reddit, as well as on the darkweb forum BreachForums, per the filing. The filing stated: "On October 10, we required all 23andMe customers to reset their password. 23andMe previously told Business Insider that the hackers gained access to customer data through " credential stuffing ." 23andMe didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: 23andMe, didn't, —, 23andMe didn't Organizations: Service, TechCrunch, Business

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