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Wiz is walking away from a $23 billion deal with Google
Business Insider· 2024-07-23 03:04
Wiz doesn't want to be taken over by Google, the cybersecurity company's CEO wrote to employees on Monday.Instead of Google's $23 billion deal, Assaf Rappaport said the company wants to go public.The deal would have been Google's largest acquisition. 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 click ...
Apple quietly admits it's paying too much to run its streaming service
Business Insider· 2024-07-22 15:58
Apple's streaming service has a well-deserved reputation for generous spending on TV shows and movies.Now Apple would like to pull back a bit on those budgets.Which brings up a recurring question for Apple: Why, exactly, is it running a streaming service? 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 ...
Amazon could help fix its troubled grocery business — by expanding it
Business Insider· 2024-07-21 09:42
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.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 previewAmazon's surprise 2017 acquisition of Whole Foods shook many traditional supermarkets, with concerns that i ...
Boeing keeps throwing shade at the Airbus jet it doesn't have an answer to
Business Insider· 2024-07-20 10:58
The Boeing 737 Max 10 has struggled to compete against the Airbus A321neo.The largest variant of the 737 Max is being outsold by Airbus 7 to 1.Boeing continues to downplay the competitive advantage Airbus has in the large single-aisle market. 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 “Sig ...
Tesla halted some of its production lines due to the Microsoft-CrowdStrike outage
Business Insider· 2024-07-19 17:09
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.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 previewTesla shut down some of its production lines on Friday morning as a result of the widespread IT outage that ...
It turns out Mark Zuckerberg does have a breaking point with spending on Meta's metaverse ambitions
Business Insider· 2024-07-18 22:05
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.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 previewMark Zuckerberg is reportedly reeling in spending on his big bet at Meta.The company is tightening its purs ...
Netflix had another blowout quarter
Business Insider· 2024-07-18 20:21
Netflix reported its second-quarter earnings on Thursday.New subscriber numbers surpassed analysts' expectations at just over 8 million.The streaming service has been luring more viewers by cracking down on password sharing. 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 accept ...
Tesla revenue isn't all from EV sales. Here's where its billions of dollars a year come from.
Business Insider· 2024-07-18 13:06
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.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 previewTesla, the EV manufacturer led by tech mogul Elon Musk, has seen its revenues boom over the past decade as ...
JPMorgan CEO Jamie Dimon says he'll add thousands of jobs focused on AI in the next couple of years
Business Insider· 2024-07-18 01:53
Core Insights - JPMorgan CEO Jamie Dimon emphasizes the significant impact of artificial intelligence (AI) on the workforce and productivity [1][4] - The company currently employs around 2,000 individuals focused on AI, with expectations to increase this number to 5,000 in the next few years [1][4] - JPMorgan has approximately 400 ongoing AI projects, with projections to expand to 800 in a year and 1,200 thereafter, focusing on areas such as marketing, fraud, and risk management [4] Company Strategy - AI is embedded across all business operations at JPMorgan, enhancing productivity and efficiency [3][4] - The company views AI as a transformative tool that can augment virtually every job, while also acknowledging the potential for job displacement [4][5] - Dimon highlights the dual nature of AI's impact, suggesting that while some jobs may be eliminated, new roles will also be created, although the net effect remains uncertain [5]
Goldman Sachs CEO David Solomon is predicting the long-awaited return of M&A
Business Insider· 2024-07-16 15:08
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.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 previewHello! Amazon Prime Day is back today and tomorrow, and our Reviews team has a rundown of all the best deal ...