Sarah Rhoads, who was responsible for Amazon’s air cargo business, has been shifted to oversee the e-retailer’s workplace health and safety division. John Felton, Amazon’s head of worldwide operations, announced this in a memo to staffers on Thursday. Rhoads will also oversee Amazon’s global operations learning and development unit. Rhoads’ Background and Success Felton wrote
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According to Bank of America strategist Savita Subramanian, the first-half rally for stocks in 2023 is supported by fundamentals and still has upside remaining. In a note to clients on Sunday, Subramanian hiked her year-end price target for the S&P 500 to 4,300 from 4,000. This new target is around 2.6% higher than the index’s
Neeva, a privacy-focused search company founded by former Google executive Sridhar Ramaswamy, has announced that it will be shutting down its consumer search engine and instead focusing on exploring use cases for artificial intelligence. Reasons for Shutdown In a blog post on the company’s website, Ramaswamy and Vivek Raghunathan, another Neeva co-founder, wrote that acquiring
Elon Musk and his parent company of social media platform Twitter, X Corp, are facing an investigation over building code violations at Twitter’s San Francisco headquarters on Market Street. This information was recently revealed through online public records with the county’s Department of Building Inspection. The investigation follows a lawsuit filed by six former Twitter
At a hearing on AI oversight earlier this week, OpenAI CEO Sam Altman was welcomed with a warm tone by lawmakers, who even asked him if he would be qualified to administer rules regulating the industry. However, this welcome has raised concerns among some AI experts who were not in attendance, who caution that lawmakers’
Twitter’s most active users, defined as the top 20% by tweet volume, have posted less on the platform since Elon Musk’s acquisition late last year, according to a survey from Pew Research Center. The survey’s authors noted a “noticeable posting decline” of around 25% per month following Musk’s takeover. The decline in posting by power
Goldman Sachs is optimistic about the potential of artificial intelligence (AI) to increase productivity and profits for the S&P 500 in the next 10 years. According to Ben Snider, senior strategist at Goldman Sachs, AI could raise productivity by 1.5% each year, resulting in a 30% increase in S&P 500 profits or more over the
Following Tesla’s annual shareholder meeting, Elon Musk gave a lengthy interview to CNBC anchor David Faber. During the conversation, Musk discussed his takeover of Twitter and the challenges he has faced. He shared that Twitter’s Community Notes feature has cost the company $40 million in business due to false advertising accusations made against two major
Tesla CEO, Elon Musk, has criticized the Federal Reserve’s monetary policy, stating that the Fed was too slow to increase rates and will likely be too slow to lower them in the coming months. Musk believes that the Federal Reserve is operating with too much latency, and the data being used to make decisions is
Tesla CEO Elon Musk addressed shareholders at the company’s annual meeting, discussing his predictions for the economy and promising the production and delivery of Cybertrucks later this year. Musk stated that Tesla plans to deliver its first Cybertrucks this year and hopes to produce between 250,000 and 500,000 annually. Additionally, Musk stated that he intends