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Elon Musk said FSD prices are going to rise.Sheldon Cooper/SOPA Images/LightRocket via Getty ImagesElon Musk said Tesla's FSD subscription could soon cost more than $100.He said the subscription price, currently $99, will rise as the FSD's capabilities improve.He said the price would be worth it, since the driver can sleep or use their phone the whole ride.Elon Musk said Tesla will raise subscription prices for its Full Self-Driving software as it gets better, and it could cost more than $100.The Tesla CEO said in an early Friday X post, "I should also mention that the $99/month for supervised FSD will rise as FSD's capabilities improve.""The massive value jump is when you can be on your phone or sleeping for the entire ride (unsupervised FSD)," he said. Tesla's FSD is an advanced driver assistance system that aims to enable its cars to be fully self-driving.Currently, customers can buy the system for $8,000 on a one-time basis, per the vehicle's listing on Tesla's website. But this option will no longer be available from February 14.The executive was responding to a post about Tesla killing its Autopilot service in the US. Autopilot comes with safety features and tools, such as Traffic-Aware Cruise Control.Representatives for Tesla did not immediately respond to a request for comment from Business Insider.Read the original article on Business Insider

TikTok app logo is seen in this illustration taken, August 22, 2022Dado Ruvic/REUTERSTikTok has closed a deal to spin off parts of its US business in a new joint venture.Oracle and two investment firms, MGX and Silver Lake, will serve as managing investors.ByteDance will hold a roughly 20% stake and keep control of business lines like e-commerce and ads.TikTok's US workers can finally breathe a sigh of relief.The company announced Thursday that it has closed a deal to spin off parts of its US business in a new joint venture with an investor group."The safeguards provided by the Joint Venture will also cover CapCut, and Lemon8, and a portfolio of other apps and websites in the US," the company said.Adam Presser is leading the new venture, according to the company's announcement. Presser has worked at TikTok for nearly four years, most recently leading operations and trust and safety. The venture's seven-man, majority-American board includes TikTok's CEO Shou Chew.The agreement should keep the US government off its back as TikTok's parent, ByteDance, now owns just under 20% of the new US venture. That ownership stake meets a divestment requirement set by a 2024 US sell-or-ban law targeting TikTok and other apps with owners based in countries like China, which the US has deemed a foreign adversary.TikTok's new US owners include tech company Oracle, private-equity firm Silver Lake, and Abu Dhabi investment firm MGX, each of which owns 15% of the new venture. ByteDance will own around 20% of the entity, and affiliates of existing ByteDance investors will own around 30%, according to a December memo from Chew. Other investors include Michael Dell's family office and a venture run by the partners of growth investor Dragoneer.What comes next is less clear.While Oracle, MGX, and Silver Lake will serve as managing investors in the new US joint venture, their focus will be on areas such as data security. Key commercial activities, including e-commerce, advertising, and marketing, will remain with ByteDance.The company began splitting up its US staff into different legal entities in January based on whether their work would remain under ByteDance's purview, Business Insider first reported.Following the announcement, President Donald Trump said in a Thursday night Truth Social post that he was "so happy to have helped in saving TikTok."He said the deal had reached a "very dramatic, final, and beautiful conclusion."The deal has been in the works for a year. At the start of Trump's presidency, TikTok went dark for its 170 million US users, but came back online soon after when Trump promised to delay a ban.Since then, he has been pushing back the divest-or-ban deadline, saying tech leaders like Elon Musk and Oracle's CTO, Larry Ellison, could buy the app. He also floated giving China a tariff reduction if it cut a deal on TikTok.Read the original article on Business Insider

Amazon CEO Andy JassyMichael M. Santiago/Getty ImagesAmazon plans to lay off thousands of corporate employees in coming days.This second major round of Amazon layoffs since October would bring the total to about 30,000 jobs.Amazon is trying to streamline operations and reset its culture.Amazon is planning to eliminate thousands of corporate employees, with cuts expected to begin as soon as next week, according to people familiar with the matter.The reductions would mark the company's second wave of mass layoffs since October, when Amazon cut about 14,000 jobs. Two of the people said the company is expected to eliminate a similar number of roles in the coming round, bringing total job cuts to almost 30,000.The latest cuts underscore Amazon's continued efforts to streamline operations and reset its culture.Amazon first attributed the October job cuts to changes brought on by AI. But CEO Andy Jassy later said the layoffs were instead tied to cultural fit, not cost savings or AI.Amazon employs more than 1.5 million people globally, though its corporate workforce makes up a relatively small share, at about 350,000.An Amazon spokesperson did not respond to a request for comment.Reuters earlier reported this latest round of cuts could come as early as next week.Have a tip? Contact this reporter via email at ekim@businessinsider.com or Signal, Telegram, or WhatsApp at 650-942-3061. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.Read the original article on Business Insider

Students from St. Paul public schools staged a walkout to the State Capitol in St. Paul, Minn., to protest ICE actions.Renee Jones Schneider/The Minnesota Star TribuneMinnesota activists are calling for an economic blackout on January 23 to protest ICE's presence.Dozens of businesses posted that they'll participate; some will open as free community spaces.Minneapolis Mayor Jacob Frey said he understands the aim and asks Minnesotans to support small businesses.On Friday, Vanessa Beardsley is inviting her community to come hang out with cats and drink coffee at her Minnesota business, Catzen Coffee — but they won't be able to spend any money.Catzen is participating in a January 23rd economic shutdown, in which activists are calling on Minnesotans to close their businesses, not report to work or school, and refrain from shopping in protest of ICE's presence in the state.Beardsley said she "immediately" knew she wanted to "stand in solidarity with our fellow businesses and our state," but didn't want to completely close her doors. "We are not doing business," she said, "but we will be open for people who just need a space to come and hang out."Big Joe, one of the cats at Catzen.Vanessa BeardsleyIt's unclear how widespread participation in the blackout will be or what impact it may have on ICE operations. Local news site Bring Me The News has compiled a running list of more than 200 businesses that have posted on social media that they will be participating. The shutdown, prompted by ICE officer Jonathan Ross's fatal shooting of 37-year-old Renee Nicole Good, has been endorsed by a slew of regional labor unions, whose demands include ICE leaving the state and no additional federal funding for the agency."Working people, our schools and our communities are under attack. Union members are being detained commuting to and from work, tearing apart families," Chelsie Glaubitz Gabiou, the president of the Minneapolis Regional Labor Federation, AFL-CIO, said in a statement. "Parents are being forced to stay home, students held out of school, fearing for their lives, all while the employer class remains silent."ICE didn't respond to a request for comment from Business Insider.In a statement, White House spokesperson Abigail Jackson said that the Trump administration's immigration operations "have resulted in countless dangerous criminal illegals being removed from the streets.""Making American communities safer will create an environment in which all businesses can thrive in the long term and their customers can feel safe," Jackson said. Have a story to share? Reach out to this reporter at jkaplan@businessinsider.com. "ICE gets beat up by stupid people, from leadership in Minnesota," Donald Trump said in a speech at Davos this week. "We actually are helping Minnesota so much, but they don't appreciate it. Most places do."In addition to the larger shutdown, there's a march set to run through downtown Minneapolis at 2 p.m. CT. The state is expected to be under extreme cold warnings and extreme cold watch throughout the day on Friday, which might also keep Minnesotans home. Some local businesses are also opting to stay open, but planning to donate a share of — or all — of their profits to related causes."I understand why people are choosing to participate in the January 23 blackout, and I support those decisions," Minneapolis Mayor Jacob Frey said in a statement to Business Insider. "At the same time, our small businesses, especially immigrant-owned businesses, are under a lot of pressure right now, and they could really use our support. However you choose to show up, I hope we keep our neighbors and local businesses in mind."Read the original article on Business Insider