Tesla Puts Driverless Taxis on the Road Three Days Before Earnings
Saturday Tesla put Model Ys with no human in the front seat onto streets in Dallas and Houston. Wednesday it has a 50,000-car inventory build to explain.
Business
Netflix Lost Ten Percent and a Founder on the Same Friday
Net income jumped 83 percent. The stock fell ten. The $2.8 billion Warner breakup fee was the beat. Reed Hastings walked off the board on the same Friday.
Cerebras Files to Go Public With OpenAI's Name on Twenty Billion Dollars of It
Cerebras refiled its S-1 on Friday. Revenue of $510 million last year. GAAP net income of $237.8 million. OpenAI is the anchor customer at twenty billion dollars, roughly four times current revenue.
Three OpenAI Executives Announce Departures on the Same Friday
Kevin Weil, Bill Peebles and Srinivas Narayanan all announced their exits Friday as OpenAI consolidates around the superapp.
Snap Cuts Sixteen Percent of Staff, Says AI Writes Sixty-Five Percent of Code, Stock Up Eleven
Evan Spiegel cut 1,000 jobs Wednesday, pointed to AI, and the market rewarded the first explicit AI-replaces-engineer headline.
Tesla, Intel, IBM, UnitedHealth and Boeing All Report This Week
The heaviest Q1 earnings stack of the quarter opens Tuesday with Tesla, then IBM, Boeing and UnitedHealth Wednesday, Intel and Gilead Thursday.