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Nvidia gave CEO Jensen Huang a 60% pay hike to $34 million last year
Business Insider· 2024-05-15 04:40
Nvidia CEO Jensen Huang received a $34.2 million compensation package in fiscal 2024.Huang's pay rose 60% from 2023, driven by Nvidia's stock surge amid demand for the company's AI chips.Nvidia's stock has tripled in a year, making it the third-most valuable company globally. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. E ...
Apple looks kind of ridiculous right now
Business Insider· 2024-05-15 04:05
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhile Apple's Big Tech competitors have announced leaps forward in the artificial intelligence space this month, the iPhone maker has instead said it's bringing consumers thinner iPads.It's going ...
OpenAI cofounder Ilya Sutskever is leaving the company 6 months after the failed Sam Altman ouster
Business Insider· 2024-05-14 23:29
OpenAI cofounder Ilya Sutskever is leaving the company, he said on X on Tuesday.The chief scientist played a key role in the November ouster of CEO Sam Altman, reports said.Sutskever said in his Tuesday announcement that he is confident OpenAI will build "safe" technology.  Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Ema ...
Tesla executive who led Cybertruck manufacturing leaves carmaker
Business Insider· 2024-05-13 20:33
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe director who helped launch Tesla's latest project is leaving the company.Renjie Zhu, the director of manufacturing engineering at Tesla's Austin Gigafactory, announced he'd left the company on ...
Tesla rescinds offers for full time employees as layoffs continue into 5th week
Business Insider· 2024-05-13 17:48
Tesla is rescinding job offers for incoming full-time employees.The move is part of broader cuts at Tesla, which plans to eliminate over 10% of its workforce.The company began rescinding internship offers shortly after the layoffs started. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign U ...
Lufthansa's boss called delays to Boeing deliveries 'extremely annoying,' and it further highlights a growing dilemma for the aviation giant
Business Insider· 2024-05-13 11:51
The CEO of Europe's biggest airline called Boeing's delivery delays "extremely annoying."The planemaker has slowed production to focus on safety in the wake of the Alaska Airlines blowout.Boeing is facing a difficult dilemma: whether to prioritize speed or safety. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...
Apple staff could go on strike at the first US store to unionize
Business Insider· 2024-05-13 04:47
Workers at a Towson, Maryland, Apple store have authorized a strike.Concerns include work-life balance, unpredictable scheduling, and wages lower than living costs.This Apple store was the first to unionize in the US in June 2022. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you a ...
Amazon employee suspected of shooting at Ohio fulfillment center dead: reports
Business Insider· 2024-05-13 03:06
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn Amazon employee suspected of firing a gun at an Amazon facility in Ohio is dead following a standoff with police, per local reports. Per a press release from the West Jefferson Police Departmen ...
Tesla, Google, and Microsoft won't stop laying people off. Here's why that could backfire.
Business Insider· 2024-05-12 09:52
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview"We only fire in thousands weekly."The recent quip on Blind came from a worker at a large tech company commenting on word of more job cuts at Google.There's little doubt that for some tech workers ...
Warren Buffett's selling stocks like Apple as he sees trouble ahead — but he'll spend if markets crash: elite strategist
Business Insider· 2024-05-12 09:02
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett is cashing in stocks like Apple because he knows the good times won't last — but he'll spend big once disaster strikes, a veteran strategist says."He is selling out of one of the mo ...