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Christiaan Hetzner

Christiaan Hetzner

Fortune

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Victory for Bob Iger after nemesis Nelson Peltz reportedly sells entire Disney stake

Peltz's proxy battle posed the greatest threat to a Disney CEO since Michael Eisner’s feud with family heir Roy Disney twenty years ago.

latest 2

Fortune

Christiaan Hetzner

Former OpenAI board member reveals why Sam Altman was fired in bombshell interview—‘we learned about ChatGPT on Twitter’

"We just couldn’t believe things that Sam was telling us," Toner said of the four board members who tried to fire Altman last year.

yesterday 10

Fortune

Christiaan Hetzner

Elon Musk is recruiting xAI staffers who are ‘without regard to popularity or political correctness’ a day after raising $6 billion from investors

Musk's latest startup is barely a year old and already it is worth $24 billion. But Tesla shareholders fear it will compete with the carmaker for...

previous day 10

Fortune

Christiaan Hetzner

George Lucas, creator of Star Wars and Indiana Jones, calls risk-averse Hollywood creatively bankrupt—‘there’s almost no original thinking’ 

Faced with ballooning costs for movies, TV and video games, the entertainment industry prefers to bet on bankable franchises with built-in fan bases.

previous day 10

Fortune

Christiaan Hetzner

Elon Musk earns praise from Nvidia co-founder Jensen Huang ahead of shareholder vote on pay package—‘Tesla is far ahead in self-driving cars’

The ringing endorsement from Huang comes amid Musk's recent pivot to AI as the Tesla boss quietly scrapped his vision of growing volumes over tenfold...

monday 20

Fortune

Christiaan Hetzner

Jamie Dimon warns markets are fooling themselves by thinking inflation will soon go away

The JPMorgan boss believes official data is not sufficiently reflecting price pressures that are in the pipeline but have yet to manifest.

17.05.2024 30

Fortune

Christiaan Hetzner

Apple's disastrous iPad ad mocked by rival Samsung in new 43-second spot

Samsung joins the pile-on after everyone from actor Hugh Grant to startup angel Paul Graham blasted Apple for its 'Crush' ad.

16.05.2024 60

Fortune

Christiaan Hetzner

Billionaire investor Ray Dalio warns U.S. is ‘on the brink’ and estimates a more than one in three chance of civil war

The Bridgewater hedge fund founder recommends only investing in the 'best parts' of the United States and moving the rest to more stable and...

16.05.2024 60

Fortune

Christiaan Hetzner

Employees are cheating on workplace drug tests at record rates

A rise in the use of recreational marijuana use in states that have legalized cannabis appears to be behind a spike in falsified workplace drug tests.

15.05.2024 20

Fortune

Christiaan Hetzner

OpenAI's leadership shakeup continues as another of Sam Altman’s chiefs follows Ilya Sutskever out the door within hours

Fears are mounting that the company's AI safety team is gradually being hollowed out following a string of high-profile departures.

15.05.2024 20

Fortune

Christiaan Hetzner

Tesla—which never buy ads—is buying ads to promote Elon Musk’s record $52 billion pay deal days before key shareholder vote

Musk blasted advertising as 'manipulating public opinion', but when it comes to his compensation package, he's not taking any risks.

14.05.2024 40

Fortune

Christiaan Hetzner

Anti-capitalist protesters storming Musk’s factory is the latest sign Tesla has a serious problem in Germany

Tesla sales volumes in Germany last month were so low, even Mitsubishi and Suzuki managed to outsell Elon Musk's carmaker.

13.05.2024 90

Fortune

Christiaan Hetzner

Disney caps Marvel Studios output as it tries to recapture the magic of the ailing MCU

From now on, Iger will only approve a maximum slate of three MCU films a year and two Disney TV series in an effort to boost quality.

08.05.2024 50

Fortune

Christiaan Hetzner

Gen Z is sinking deeper into debt as higher costs for education and housing weigh it down, new data shows

While median minimum monthly debt payments for U.S. consumers grew by 32% between 2020 and 2023, for younger Americans that figure is a staggering...

08.05.2024 100

Fortune

Christiaan Hetzner

Elon Musk blasts obsolete education system for failing to reach kids—'you don’t want a teacher in front of a board’

The Tesla CEO likened educators to vaudeville entertainers in small town America—before Hollywood professionalized the trade, amateur thespians were...

07.05.2024 40

Fortune

Christiaan Hetzner

Elon Musk’s doomerist hobby is falling to sleep at night listening to podcasts on the end of civilization

'There are many long dead civilizations. At some point our civilization will come to an end, too.'

07.05.2024 50

Fortune

Christiaan Hetzner

Elon Musk urges investing legend Warren Buffett to buy a stake in Tesla—‘it’s an obvious move’

Tesla investors have long prayed that the Berkshire Hathaway icon would bless their totemic CEO with an investment in his EV company rather than back...

06.05.2024 30

Fortune

Christiaan Hetzner

Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself

Asked at Saturday's shareholder meeting why Berkshire Hathaway sold 115 million shares in Apple stock over the past quarter, Buffett warned it may...

06.05.2024 70

Fortune

Christiaan Hetzner

OpenAI’s Sam Altman doesn’t care how much AGI will cost—even if he spends $50 billion a year, some breakthroughs for mankind are priceless

Altman is more worried about how quickly society can adapt to the technology: "One thing we’ve learned is that AI and surprise don’t go well...

03.05.2024 40

Fortune

Christiaan Hetzner

Elon Musk’s shock firing of Supercharger team sparks broader fears about the future of the EV industry–‘Tesla is yielding the charging crown’ 

Tesla has been cutting back as growth in EVs has slowed considerably, but Musk firing his Supercharger team has left many diehard supporters...

02.05.2024 30

Fortune

Christiaan Hetzner

Elon Musk reportedly sacked Tesla’s entire Supercharger team, including his top female manager

Tesla's dense network public fast chargers has been such an effective moat against competition that its U.S. rivals began last year requesting access...

30.04.2024 60

Fortune

Christiaan Hetzner

Elon Musk says any company—not just Tesla—that isn’t spending $10 billion on AI this year won’t be able to compete

Tesla is in the midst of pivoting away from a primary focus on boosting sales volumes of electric vehicles towards leading the field in real world AI.

29.04.2024 40

Fortune

Christiaan Hetzner

Departing top Tesla exec cashes out almost his entire stake for $181 million as longtime bull Ron Baron calls bottom in the stock

Baron, whose largest position is in Tesla, is betting the new shift in strategy for Tesla's low cost car will fill its increasingly empty factories.

26.04.2024 20

Fortune

Christiaan Hetzner

Top Apple analyst warns Vision Pro demand fell much faster than anticipated

'The challenge for Vision Pro is to address the lack of key applications, price and headset comfort,' warned Apple analyst Ming-Chi Kuo.

25.04.2024 6

Fortune

Christiaan Hetzner

'War-time mode' Musk restores investor faith in Tesla’s growth story by accelerating plans to launch new models

The Tesla CEO scrapped plans to build his low-cost car using a revolutionary new technique, opting to save money and bring the model to market sooner...

24.04.2024 50

Fortune

Christiaan Hetzner

Elon Musk slashes price for Tesla’s vaunted self-driving tech by a full third—FSD now costs as much as in 2020

After selling for $15,000 as recently as August, the price to buy FSD has now dropped to just $8,000 as Musk struggles to sell enough people on the...

22.04.2024 20

Fortune

Christiaan Hetzner

Netflix shocks market with plan to stop reporting subscribers once growth wave from password-sharing crackdown is over

After harvesting most of the low-hanging fruit, Netflix may struggle from 2025 onward to show further gains unless it starts investing heavily in live...

19.04.2024 10

Fortune

Christiaan Hetzner

How to get workers to stop fearing AI and embrace change? Build 'AI playfulness' teams, expert urges

"Humans are experts at knowing where their jobs are terrible,” says Suzy Levy, managing director at The Red Plate.

18.04.2024 40

Fortune

Christiaan Hetzner

Tesla plan to re-run vote on Elon Musk’s record pay deal—now worth $45bn—has a fatal flaw, warns Tulane law professor

By framing the June vote as a reward for past deeds, Tesla's board could end up making itself liable to a new legal challenge—this time against...

18.04.2024 10

Fortune

Christiaan Hetzner

AI deepfakes could decide U.S election, experts warn

Political strategists warn of a 'race to the bottom' as AI supercharges the spread of fake news.

18.04.2024 30

Fortune

Christiaan Hetzner

Tesla asks shareholders to restore Musk’s pay package: ‘Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years’

The package was ruled null and void in January after a Delware court felt investors were not informed that Musk had been allowed to decide the terms...

17.04.2024 10

Fortune

Christiaan Hetzner

AI could gobble up a quarter of all electricity in the U.S. by 2030 if it doesn’t break its energy addiction, says Arm Holdings exec

‘ChatGPT requires 15 times more energy than a traditional than a traditional web search,’ warns Arm’s Ami Badani at Fortune's Brainstorm AI...

16.04.2024 10

Fortune

Christiaan Hetzner

Expert argues AI won't lead to mass layoffs for workers anytime soon: 'Look at when we were promised fully autonomous cars'

For years, tech executives have predicted self-driving cars would revolutionize our daily lives, only to be proven wrong time after time.

15.04.2024 40

Fortune

Christiaan Hetzner

Biden urged to ban China-built EVs by influential Capitol Hill lawmaker

Sherrod Brown, whose seat in the heavily contested battleground state of Ohio is up for grabs in November, calls a ban "a matter of economic and...

12.04.2024 6

Fortune

Christiaan Hetzner

Donald Trump booted from prestigious list of billionaires after Truth Social parent’s swan dive

Trump was booted from Bloomberg's index of the 500 wealthiest people in the world after shares in Trump Media and Technology Group tumbled.

11.04.2024 9

Fortune

Christiaan Hetzner

Donald Trump’s net worth shrunk by over $2 billion in one week

Shares in Trump Media and Technology Group have plummeted over 50% from their peak.

09.04.2024 50

Fortune

Christiaan Hetzner

Musk threatens to reveal information on Brazilian judge that would paint him as a traitor

Musk finds himself in the middle of an internal Brazilian affair after judge Alexandre de Moraes allegedly sought to weaponize the platform’s...

08.04.2024 30

Fortune

Christiaan Hetzner

Bob Iger says Nelson Peltz ‘didn’t bring any new ideas’—but the activist investor insists he'll be back if Disney fails to keep promises

Asked about Elon Musk's personal vendetta over pulling ad spending from X, the Disney boss calls the repeated attacks as irrelevant, saying 'I ignore...

05.04.2024 20

Fortune

Christiaan Hetzner

Elon Musk says he’s increasing salaries for Tesla engineers because Sam Altman’s OpenAI keeps trying to recruit them

Claiming his staff is tempted to leave for Sam Altman's company gives Musk all the justification he needs to reassign Tesla workers to his xAI startup...

04.04.2024 9

Fortune

Christiaan Hetzner

Elon Musk promises to 'definitely' buy Disney stock if investors elect Nelson Peltz to the board

Activist investor Bill Ackman, meanwhile, calls for SEC to punish Disney over leaks that undermined Peltz's chances at joining the board.

03.04.2024 10

Fortune

Christiaan Hetzner

Adidas halts sale of some German national team jerseys following resemblance to Nazi SS logo

Still reeling from the Kanye West scandal and its loss of the German national team kit deal, The athletic gear brand points the blame for the fiasco...

02.04.2024 5

Fortune

Christiaan Hetzner

OpenAI tipped to become the world’s first trillion-dollar privately-held startup by former Google China president 

Kai-Fu Lee believes the company at the forefront of generative AI could join the trillion dollar club in as little as two years time.

28.03.2024 10

Fortune

Christiaan Hetzner

Leading China VC Kai-Fu Lee warns an investor reckoning is coming for unprofitable AI companies

The "science fair phase needs to end," Lee warned.

28.03.2024 20

Fortune

Christiaan Hetzner

Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on 'snowballing' national debt: 'The situation is more urgent than I can ever remember'

Rising fiscal deficits have fuelled America's gravity-defying economic growth, but bond investors may revolt, plunging the country into a decade of...

27.03.2024 10

Fortune

Christiaan Hetzner

Elon Musk tells staff they must now demonstrate FSD self-driving tech to customers as ‘almost no one realizes how well it works’ 

The Tesla CEO is even prepared to take a slowdown on sales.

27.03.2024 10

Fortune

Christiaan Hetzner

China's brutal EV war forces BYD to cut starting price for its flagship Tesla Model 3 competitor 

Despite speculation China's price war is easing, Tesla's troubles only grow as the Model 3 faces heightened pressure from a key rival.

25.03.2024 20

Fortune

Christiaan Hetzner

Tesla boss Elon Musk trolls Boeing, but it's his own growth story where the wheels are coming off

With no more room to cut prices, the high rates of year-on-year sales growth could collapse this quarter, leaving a major dent in Tesla's equity...

23.03.2024 10

Fortune

Christiaan Hetzner

Bentley CEO says sales are down because the rich are experiencing ‘emotional sensitivity’ due to the cost of living and don’t want to flaunt their wealth with a new luxury car

Adrian Hallmark won't have to worry about Bentley any more as he sets sails for performance brand Aston Martin, where a whole different set of...

22.03.2024 20

Fortune

Christiaan Hetzner

Musk’s Neuralink says the first human to have a chip implanted in his brain can now play video games using his mind

29-year old Noland Arbaugh has already picked out his costume for Halloween—he's going as Marvel's wheelchair-bound telepath Professor X.

21.03.2024 40

Fortune

Christiaan Hetzner

Sam Bankman-Fried says he's painted as a 'depraved super-villain' by prosecutors in FTX case and argues 50 years imprisonment is a death sentence

Lawyer Mark Mukasey argues no one ever convicted of a non-violent crime has ever been imprisoned for 50 years and lived long enough to be released.

20.03.2024 8

Fortune

Christiaan Hetzner

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