Inside the AI startup Elon Musk is betting $60 billion on – Business Insider

Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said.

US President Donald Trump’s proposal to cap credit card costs would be “an economic disaster”, the boss of one of the world’s biggest banks has warned. JPMorgan Chase chief executive Jamie Dimon said the plan would remove credit from the majority of Americans and hit restaurants, retailers, travel firms and schools. Trump this month wrote…

01/20 update below. This post was originally published on January 19 01/21 update below. This post was originally published on January 19 Bitcoin and gold have split in recent months as gold soars and the bitcoin price plummets—with U.S. president Donald Trump’s tariff trade war again threatening to weigh on the U.S. dollar. Sign up…

A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025. Ying Tang | Nurphoto | Getty Images Chinese tech giant Baidu plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it in Hong…

The biggest car news and reviews, no BS Our free daily newsletter sends the stories that really matter directly to you, every weekday. The United States Environmental Protection Agency has changed its tune on diesel trucks under the current administration. Whereas previous versions of the EPA pursued massive penalties and even criminal fines for those…

I’m excited to publish this post co-authored with Timothy Lee, one of my favorite writers on technology and artificial intelligence. His Substack Understanding AI is a fantastic guide to how AI works as a technology and a business. In the last few weeks, something’s troubled and fascinated us about the national debate over whether artificial…