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Nvidia's release "should be framed and hung in the Louvre," said Wedbush analysts.

OpenAI accidentally erased a drive full of evidence gathered by lawyers for The New York Times and other news organizations.

"This sweeping action will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military," Treasury Secretary Yellen said.

Elon Musk and Vivek Ramaswamy are eyeing recommendations to trim a list of government programs that include veterans' healthcare, childcare grants, and NASA. The leaders of President-elect Donald Trump's new Department of Government Efficiency, or DOGE, wrote in a Wednesday opinion piece that the commission will target cuts to federal spending that's "unauthorized by Congress or being used in ways that Congress never intended." The implications of DOGE could be widespread if Musk and Ramaswamy fulfill their goals of eliminating government agencies, which would lead to layoffs for thousands of federal workers. The two commission leaders said in their opinion piece that impacted employees could be offered early retirement and severance payments to allow for a "graceful exit." "Employees whose positions are eliminated deserve to be treated with respect, and DOGE's goal is to help support their transition into the private sector," they wrote. The opinion piece provided few details on the exact programs DOGE will cut; however, DOGE posted a link to a report from the Congressional Budget Office on X confirming that the commission would aim to cut funding for a range of programs with lapsed funding authorization. The CBO report included 491 such programs totaling about $516 billion. Most of that money goes to two dozen big-ticket items, including medical care for veterans, housing assistance vouchers for low-income renters, college Pell Grants, the National Institutes of Health, the Federal Bureau of Investigation, and NASA's major initiatives. Read more on Business Insider for a chart of the biggest programs with expired funding authorizations and more on Musk and Ramaswamy's opinion piece: https://lnkd.in/dsGRp3nX (Credit: Getty Images; Chelsea Jia Feng/BI) #DOGE #elonmusk #federalprograms

Elon Musk founded xAI in July 2023 with a 12-person staff. In just under a year and a half, the company has been valued at $50 billion.

Mark Lazarus described the new spinoff as entrepreneurial and flexible, one staffer said. The mood at the company seemed upbeat, per three staffers.

The investor who made the lowball offer on the mansion recently purchased Kanye West's Malibu home.

Khayla McCoy quadrupled her income over 10 years and now makes over $200,000 annually. She first earned $39,000 a year in New York City and was on a strict budget. "I always knew I wanted to achieve financial freedom. I graduated in 2013 with a degree in biology and landed my first job in New York City as a sessions assistant, making $39,000 a year. I was the first person in my family to make that much money," she said. "By 2019, I was making $90,000. Now I make over $200,000 annually in total compensation. Having more money has truly made me happier," she added. Investments in education and career shifts to data analysis and tech boosted her earnings. Read more about her journey to earning six figures: https://lnkd.in/d-4k3hCN #careers #financialfreedom #money

One analyst called this proposed crackdown "draconian." Google's top lawyer said the DOJ's remedies would "break" the company's search engine.

Major automakers around the world have announced multiple rounds of layoffs and factory closures in recent weeks as they struggle to turn a profit on EVs and face a potential onslaught of cheaper competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. Volkswagen has announced plans to shutter three of its factories in Germany, which could come with massive layoffs. Unfortunately for the world's major carmakers, they aren't facing one issue but an agglomeration of several significant interconnected challenges at once. Add to that an ultracompetitive business with high overhead costs and low profit margins, and things quickly get very difficult. When market dynamics, regulatory requirements, and financial costs shift dramatically in a relatively short period of time, the results can be dire. Read more about why car companies are cutting thousands of jobs on Business Insider: https://lnkd.in/dvu8M4Fg (Credit: Getty Images) #carcompanies #cars #layoffs #careers