Category: Tech

Apple is within a hair’s breadth of a historic $3 trillion valuation one week after unveiling its Vision Pro

Apple is within a hair’s breadth of a historic $3 trillion valuation one week after unveiling its Vision Pro. Justin Sullivan/Getty Images Apple is closing in on a $3 trillion valuation a week after it launched the Vision Pro headset. Shares are up 41% so far this year — outpacing a 35% gain in the tech-focussed Nasdaq 100 Index. Wedbush analyst Dan Ives is bullish…

SXSW may be in Texas, but Silicon Valley Bank’s implosion is casting an uneasy cloud over the tech festival

Silicon Valley Bank employees react to the bank’s collapse Getty Images As the South by Southwest tech conference began in Austin on Friday, Silicon Valley Bank failed.  The annual festival is known for attracting hundreds of startup founders and tech investors.  Attendees from startupland are privately scrambling to make sense of the news.  As South By Southwest kicked off in earnest on Friday, many attendees…

Mass layoffs including workers who are pregnant or on parental leave may seem unfair, but it’s not illegal in the...

Labor lawyers told Insider that people who are pregnant or on FMLA leave aren’t automatically protected from mass layoffs. Izusek/Getty Images Critics have slammed some companies for laying off US workers on parental leave in recent months. But staff on protected leave aren’t immune from mass layoffs, labor lawyers told Insider. It can be discriminatory, but only if companies target employees because of their leave…

Ken Griffin’s Citadel is negotiating a company-wide ChatGPT license – and expects the buzzy AI tool to boost several parts...

Kenneth C. Griffin, Citadel Founder and Chief Executive Officer, at the CNBC Institutional Investor Delivering Alpha conference July 18th in NYC. Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images Citadel boss Ken Griffin said his companies are in talks to secure a business-wide ChatGPT license, per Bloomberg.  “This branch of technology has real impact on our business,” he said, adding it would help with tasks like…

Google’s CEO touts desk-sharing, says the office can feel like a ‘ghost town’ with many employees in the office just...

Google CEO Sundar Pichai reminded Google employees to be mindful of spending. Brandon Wade/Reuters Google CEO Sundar Pichai justified a new desk-sharing program at the company’s cloud unit, per CNBC. This was after employees taunted the “corpspeak” used while announcing the new program. Pichai said many staffers work in the office two days just a week, so it can feel like a “ghost town.” Sundar…

Artificial intelligence is on the brink of an ‘iPhone moment’ and can boost the world economy by $15.7 trillion in...

AI is on the brink of an “iPhone moment,” according to Bank of America. imaginima/Getty Images Bank of America strategists predicted artificial intelligence will revolutionize everything as it teeters on its “iPhone moment.”  AI has many commercial uses and will allow for the democratization of data, among other upsides.  The global economic impact of the booming technology could reach $15.7 trillion by 2030, BofA said….

Meet the 52 Black women who raised $1 million or more in VC funding since 2021

Ami Colé founder Diarrha N’Diaye Katherine Pekala Before 2021, only 93 Black female founders had raised $1 million or more in venture capital. Companies led by Black women typically receive less than 1% of all venture capital funding. Insider is compiling a list of Black female founders who’ve raised $1 million or more in VC since 2021. See more stories on Insider’s business page. Black…

ChatGPT will keep ‘hallucinating’ wrong answers for years to come and won’t take off until its on your cellphone, Morgan...

ChatGPT. SOPA Images, Contributor/ Getty Images ChatGPT will keep giving occasional wrong answers for a few years, in accordance to Morgan Stanley.  The AI bot typically “hallucinates,” which means it generates responses which might be seemingly convincing, however are literally wrong, in accordance to the financial institution. ChatGPT’s and AI’s way ahead is to run the know-how on edge units, together with cellphones, Morgan Stanley…

Microsoft cofounder Bill Gates says the rise of AI poses a threat to Google’s search engine profit

Microsoft cofounder Bill Gates said AI is the “biggest thing in this decade” Dimitrios Kambouris/Getty Images Bill Gates said in a podcast Google’s search engine earnings might fall as Microsoft strikes into AI. Gates said AI is the “biggest thing in this decade” and will reshuffle the tech house. Microsoft unveiled an AI-powered Bing in a problem to Google’s search engine dominance. Bill Gates —…

Google didn’t think its Bard AI was ‘actually prepared’ for a product but, says Alphabet chairman, days after the chatbot’s...

John Hennessy, Alphabet’s chairman, cautioned that AI chatbots are nonetheless in their early days. Mandel Ngan/AFP/Getty Images John Hennessy, the chairman of Alphabet, said Google was hesitant to make use of its Bard AI in a product because it wasn’t “really ready,” per CNBC. Google unveiled its Bard AI last week amid intense curiosity in competitor ChatGPT. But a promo for Google Bard featured a…

Inside the turbulent personal life of Elon Musk, who had secret twins with an exec, got divorced 3 occasions, and...

Grimes, left, and Elon Musk attend the Costume Institute Gala at the Metropolitan Museum of Art in May 2018. Charles Sykes/AP Elon Musk has had a headline-grabbing personal life over the years.  He’s been divorced thrice, dated a number of celebrities, and has 9 youngsters, together with twins with one of his high executives. But Musk’s skilled life is probably going taking over most of his…

Microsoft’s new Bing refused to wax lyrical about Trump and Biden, as creative content for such ‘influential’ politicians could be...

Microsoft CEO Satya Nadella said Tuesday it is important to develop AI that’s “more aligned with human values, more aligned with what our preferences are.” Sean Gallup/Getty Images Microsoft’s new AI-powered Bing refused to write optimistic or detrimental poems about Donald Trump and Joe Biden. It said producing creative content about “influential” politicians could be seen as biased or disrespectful. This contrasts with ChatGPT, which…

OpenAI staff didn’t think ChatGPT would be ‘helpful’ and it almost wasn’t released in its current kind, cofounder says

Greg Brockman, cofounder and president of OpenAI, the maker of ChatGPT. Screenshot/Vimeo OpenAI staff didn’t think ChatGPT would be helpful, cofounder Greg Brockman told Forbes. “None of us were that enamored by it,” he said of the artificially-intelligent chatbot. ChatGPT finally turned a viral worldwide hit after its release in November. OpenAI staff have been initially lukewarm about ChatGPT, the artificially-intelligent chatbot that went on…

Microsoft plans to start using AI tech to write emails for salespeople, and it’s not hard to see why

Microsoft said on Thursday that it plans to use OpenAI know-how to assist customers write their emails. Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Microsoft plans to use synthetic intelligence from ChatGPT maker OpenAI to write emails for people. The firm says its analysis exhibits that 66% of a vendor’s day is spent managing emails. Insider examined ChatGPT to see the way it offers with a…

The $54,500 Mercedes EQB is a solid electric SUV for people who think Teslas lack luxury

The Mercedes-Benz EQB 350. Tim Levin/Insider The Mercedes-Benz EQB is the German model’s most cost-effective electric car, beginning at round $55,000.  It’s more luxurious inside than a Tesla, however lacks vary and a few enjoyable quirks of EVs.  It’s fast and enjoyable, with 288 horsepower in the EQB 350 model I examined.  In 2022, Tesla formally became the best-selling luxury brand in the US, and…

A software engineer at Google went on bereavement leave after his mom died from most cancers. 4 days after returning...

People stroll past Google places of work on January 25, 2023 in New York City. Leonardo Munoz/VIEWpress via Getty Images A software engineer said he was laid off from Google proper after his bereavement leave for his mom. In a LinkedIn post, he wrote that he didn’t remorse prioritizing time with his mom. He also wrote that he’s grateful for the “generous” severance package deal…

We got an early look at Volkswagen’s nostalgic electric minivan — see inside the ID.Buzz

The Volkswagen ID.Buzz. Tim Levin/Insider Volkswagen lately unveiled the ID.Buzz, its electric minivan coming to the US in 2024.  It’s a contemporary, electric model of VW’s iconic hippie bus.  We noticed the ID.Buzz up shut and toured its many funky options.  Earlier this 12 months, Volkswagen took the wraps off of the ID.Buzz, a brand new all-electric tackle its iconic Microbus. The Volkswagen ID.Buzz. Tim…

Silicon Valley startup Actual made climate action into a SimCity-like sport. Sheep farmers are the first gamers.

Karthik Balakrishnan, the president and cofounder of Actual. Alanna Hale/Insider The cofounders of Actual stated its SimCity-like software program helps make choices on climate options. The startup modeled a whole lot of sheep farms in New Zealand to indicate methods to cut back emissions. The farms provide wool to global-fashion manufacturers like Allbirds and Helly Hansen. Merino wool is well-known for its softness. The trade…

Japanese billionaire Maezawa says he’ll travel to the moon with expensiveMoon crew DJ Steve Aoki, K-pop star T.O.P in SpaceX’s...

Japanese billionaire Yusaku Maezawa introduced a crew of artists, content material creators, and athletes from round the world for his flight to the moon. REUTERS/Toru Hanai/File Photo Japanese billionaire Maezawa has picked his crew for his flight to the moon on SpaceX’s Starship. A crew of artists, content material creators, and athletes from round the world will fly to the moon as quickly as subsequent…

Tim Cook says Apple will use US-made chips for the first time in nearly a decade as the tech giant...

TSMC founder Morris Chang and Apple CEO Tim Cook at TSMC’s facility in Phoenix, Arizona. Ross D. Franklin/Associated Press Apple will be sourcing chips from TSCM’s Arizona plant in the US, stated CEO Tim Cook. Apple is stepping up on efforts to shift manufacturing out of China, amid strict pandemic restrictions. TSCM stated it is tripling its deliberate funding in the Arizona plant to $40…

Big Tech CEOs are asking employees to step up — or step aside

Welcome to one other week, readers. Writing to you from New York, I’m your host, Jordan Parker Erb. Over the previous few weeks, we have watched as Elon Musk has shifted Twitter’s tradition. One of the largest transitions was his determination that employees will likely be fired until they work at an “extremely hardcore” rate to construct “Twitter 2.0.” But Musk is not the one…

The EU warns Elon Musk that Twitter could be banned if it doesn’t comply with content moderation legal guidelines: FT

Elon Musk accomplished his acquisition of Twitter in October. Muhammed Selim Korkutata/Getty Images A high-ranking EU official instructed Twitter CEO Musk the platform should comply with content moderation legal guidelines, per the FT. Twitter faces an EU-wide ban or positive if it breaches the EU’s regulation, commissioner Thierry Breton warned. Musk instructed Breton repeatedly that he thought the EU’s Digital Services Act was “very sensible.”…

‘I’m glad Elon is in the battle’: Tech CEOs battling Apple’s 30% App Store fee get unexpected ammo from Musk

Tesla CEO Elon Musk and Apple CEO Tim Cook. Britta Pedersen-Pool/Getty Images, Steve Granitz/WireImage Elon Musk has fueled a protracted battle between Apple and app builders over App Store charges. Epic Games’ CEO Tim Sweeney and Spotify boss Daniel Ek supported Musk’s criticism of Apple. One CEO who predicted hassle when Musk purchased Twitter stated the billionaire would draw consideration to a distinct segment subject….

Apple AirPods Cyber Monday offers: Shop discounts on AirPods 3, Air Pods Pro, and AirPods Max

Crystal Cox/Insider When you purchase by way of our hyperlinks, Insider could earn an affiliate fee. Learn more. During at the moment’s Cyber Monday event, you may store offers on a few of the world’s hottest wi-fi earbuds: Apple’s AirPods. So far, the very best Black Friday AirPods offers are nonetheless lively whereas Cyber Monday ramps up.  The unique AirPods Pro launched in 2019 could…

I’m a 56-year-old IT worker who got laid off last year and has been unemployed ever since. I have a...

Research reveals that after the Great Recession, it took older employees who had been displaced about twice as lengthy to discover a new job as youthful employees. skynesher/Getty Images Workers aged 50 and over have a tougher time finding work than youthful employees, analysis reveals. Meanwhile, surveys recommend that this group believes they face age bias within the office. Here, an knowledgeable shares how employees…

Twitter employee says the NY office cafeteria is serving 2 types of mac and cheese but grilled shrimp is off...

Elon Musk is searching for to chop prices at Twitter. Yasin Ozturk/Anadolu Agency through Getty Images Changes have been made to a cafeteria menu amid Elon Musk’s cost-cutting at Twitter, per the NYT. One employee mentioned the New York office was not providing grilled shrimp on Monday. Elon Musk beforehand claimed that the lunches have been costing the firm $400 per serving. Changes to the…

Elon Musk’s ‘hardcore’ work ultimatum was a deliberate plan to push Twitter employees out after he was warned against cutting...

Patrick Pleul/Picture Alliance through Getty Images Elon Musk laid off half of Twitter’s staff. But he’d initially deliberate to minimize even more, per Platformer. After he was suggested against making greater cuts, he as an alternative issued staff an ultimatum. Staff had been informed to enroll to “long hours at high intensity” or lose their jobs. Elon Musk truly wished to lay off considerably more…

The death of Twitter won’t be as messy as many anticipate. Here’s what its demise could look like.

Hello from a really chilly New York. I’m your host, Jordan Parker Erb, and I’ve spent this morning wistfully pondering of easier instances, like just a few hours in the past after I was nonetheless wrapped up in my flannel bedding. But it is not wholesome to dwell on the previous, so let’s look forward. Today, we’re speaking about what the downfall of Twitter could…

Elon Musk called Nine Inch Nails frontman Trent Reznor a ‘crybaby’ after the musician said he’s quitting Twitter to protect...

Trent Reznor of Nine Inch Nails. R. Diamond/Getty Images for VetsAid 2022 Elon Musk called Nine Inch Nails frontman Trent Reznor a ‘crybaby’ for quitting Twitter. Reznor had earlier instructed The Hollywood Reporter he was quitting to protect his mental health. Several celebrities have give up Twitter since Musk purchased the the social-media platform. Elon Musk called Nine Inch Nails frontman Trent Reznor a “crybaby”…

Elon Musk fired Twitter’s head of sales after she refused to sack more workers. He had previously begged her not...

Former Twitter exec Robin Wheeler and Elon Musk appeared on a digital name with advertisers. Courtesy of supply Elon Musk sacked Twitter exec Robin Wheeler after she refused to fireplace more employees, sources said. Wheeler was sacked regardless of Musk persuading her to keep after she tried to resign, per Bloomberg. Some Twitter sales employees discovered over the weekend and on Monday they had been…