Plus: Tesla and Volvo announce delays due to Red Sea shipping crisis
| For January 14, 2024 |  |
| Here are the main business stories to look forward to this week: - 🚀 NASA has announced that it has found no evidence of drug use by Elon Musk.
- 🍎 Apple is set to relocate its Data Operations Annotations division to Austin, Texas.
- ⚖️ Carta has been sued by its former CTO over data mismanagement and defamation.
Arbër
p/Arber | |
| 1 | | The story: NASA has announced that following an investigation, it has found no proof that there has been drug use by Elon Musk during his time as SpaceX CEO. The announcement has been made following a report by The Wall Street Journal, which claimed that Elon Musk's "drug use" has worried several SpaceX executives. Look for: Some experts claimed that these previous reports could affect Tesla's share price. Now that NASA has debunked the story, look for possible changes in Tesla's share price. |     | |
| 2 | | The story: Apple is set to relocate an Artificial Intelligence division with 121 employees. The tech giant plans on moving its employees from San Diego to Austin. The team, named Data Operations Annotations, works on Siri's compatibility with languages such as English, French, Spanish, Portuguese, Arabic and Hebrew. The company has reportedly told the team that those who refuse to relocate will be laid off, while those who accept will receive a $7000 bonus. Look for: Reports on how many of Apple's employees accept the relocation bonus. | | | |
| 3 | | The story: Carta, a California-based company that helps businesses manage their cap table, has been sued by former CTO Jerry Talton. The former executive is accusing Carta's CEO, Henry Ward, of mismanaging Carta's assets, among other things. The lawsuit is the latest negative development for the company, which has made headlines after reports that its employees had misused private client data. Look for: How the company responds to the lawsuit and other claims made by former employees. | | | |
| 4 | | The story: Tesla and Volvo have announced there will be delays in deliveries due to the ongoing shipping crisis in the Red Sea. The U.S. and U.K. are responding to consistent attacks by Houthi rebels toward cargo ships with air strikes of their own, which means sea shipments are expected to take longer due to changing routes. Tesla and Volvo stated they will close some plants for a certain period. Look for: Timelines on Tesla and Volvo reopening their factories. Tesla has stated that it will reopen its Berlin factory on Feb. 11, while Volvo claims it will reopen its Belgium factory in three days. | | | |
| 5 | | The story: NBC News has laid off tens of workers. The media company stated that it has given the employees 60 days' notice and will provide them with severance packages. The company had previously laid off around 75 employees in early 2023. Look for: More possible layoffs by media companies and organizations in other industries, as 2024 has begun with a series of layoff rounds across the board. | | | |
| 6 | | The story: A domestic flight in Japan was forced to return to its departure point after the Boeing plane's cockpit window cracked open in flight. No passengers were harmed during the flight, which was heading toward Toyama airport. Look for: An explanation and investigation from Boeing and regulatory authorities. The company is still investigating the issues that led to a door plug opening mid-air in an Alaska Airlines flight only a few days ago. | | | |
| 7 | | Quick Hits: - Are you creating the unique user journeys your customers demand? You can by Mastering Personalization with AI.*
- Apple's demo presentation for the Vision Pro will reportedly last 25 minutes.
- Economists expect that official data will show a lower inflation rate in the U.K.
- EV company BYD is negotiating with Sigma Lithium, a Brazilian lithium supplier, to create a partnership.
- Washington-based software company Avante has raised a $10M Seed funding round led by FUSE, with participation from Ascend Venture Capital and Highsage.
*This is sponsored content. | | | |
| Upcoming Events | | JAN
30 | | Join TruEra for an expert discussion about the impact of the EU AI Act on US and Canadian firms | | | | | | | MAR
7 | | Alternative investment assets to know in 2024. | | | | | | * This is a sponsored event | | | |
 | Writer | | Arbër is an Inside analyst who has previously incubated his startup at the largest incubator in Southeastern Europe. He has collaborated with multiple major publications and holds a business degree from XAMK University in Finland. | | This newsletter was edited by Megan LaBruna | |
| |
| |
