Elon Musk said Tesla will reveal its long-awaited robotaxi i

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Elon Musk said Tesla will reveal its long-awaited robotaxi in August. Shares of Tesla jumped more than 3% in after-hours trading following Musk's tweet. #Memecoins

Elon Musk said Tesla will reveal its long-awaited robotaxi in August.
Shares of Tesla jumped more than 3% in after-hours trading following Musk's tweet.
#Memecoins  

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Warren Buffett's money mountain grew even larger last quarter as the billionaire struggled to find bargains with markets near record highs, and sold stocks at the fastest rate in years. The famed investor's Berkshire Hathaway raised its stockpile of cash and Treasury bills by $21 billion to a record $189 billion a 13% increase in just three months. #CryptoWatchMay2024

Despite only debuting 15 years ago, Bitcoin (BTC) has successfully competed with the biggest names in the technology industry. GPU maker Nvidia was the only tech heavyweight to outclass BTC over the past 10 years. Nvidia's stock NVDA has returned a cumulative 17,797%, against Bitcoin's 12,464%. Semiconductor producer Advanced Micro Devices (AMD) followed in third with a 3,335% price increase. A 1,200% increase in the stock price of Elon Musk's Tesla (TSLA) placed the company fourth, and Jeff Bezos' Amazon completed the top five with a 1,063% gain. Other Silicon Valley players observed included Netflix (NFLX), Apple (APPL), Meta (META), and Google (GOOG). #CryptoWatchMay2024

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Apple chief Tim Cook has been paid an annual salary of just $3 million since 2016. However, the CEO of the second-most valuable US company also gets stock awards and a performance-based bonus, which boosts his overall earnings. Cook's total compensation amounted to $63.2 million last year, down from $99.4 million in 2022. His pay packet was made up of $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation. On top of that, he received $2.5 million in other compensation, which includes his security expenses and business and personal travel on a private jet. #CryptoWatchMay2024

Arati Prabhakar, Biden's chief science and technology advisor who's also the director of the White House Office of Science and Technology Policy, told Wired she and Biden put the bot up to a few tasks. She said they asked it to write a legal brief for a Supreme Court case, write a song in the style of Springsteen, and generate an image of Biden's dog, Commander, in the Oval Office. "He was like, 'Wow, I can't believe it could do that," Prabhakar said of Biden. But his first encounter with generative Al also sparked concern. Prabhakar told Wired that Biden later asked the team to address the potential risks of Al, which led to the sweeping executive order he signed in October. #CryptoWatchMay2024

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