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Legacy auto supplier Bosch is building a $1.1 billion plant to power new 'smart' technologies

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Legacy auto supplier Bosch will

Amazon shares are climbing after announcing 'Wardrobe' service (AMZN)

Amazon just announced a new clothing-delivery service in its continuing quest to take over fashion retail.

Shares of the company are up 0.84% in early trading Tuesday after announcing the new fashion service.

Dubbed "Wardrobe," the new service will ship a box of clothes curated by hand to the customer, according to Ángel González of the Seattle Times. The new service operates in the same manner of Trunk Club, Stitch Fix, or other fashion subscription services. Any items a customer doesn't want can be placed back in the box and returned using an included shipping label.

Customers pay a selection fee for the box and can use that fee toward the purchase of any of the items in the box.

WeWork's billionaire cofounder has pledged to give a percentage of his exit proceeds to charity

LONDON — WeWork cofounder Miguel McKelvey has committed to give a at least 2% of whatever he makes when WeWork exits — either through a stock market listing or an acquisition — to a charitable cause.

McKelvey, who set up office space provider WeWork with Adam Neumann in 2011 and is now its chief creative officer, has signed up to an initiative called "Founders Pledge".

Founders Pledge gets entrepreneurs to commit to giving a fixed percentage — at least 2% — of whatever they make when they exit their company to charity.

The WeWork executive's commitment was made last Thursday at Founders Forum — an exclusive tech conference in London that has been attended by the likes of ex-Google CEO Eric Schmidt and former Prime Minister David Cameron.

Apple's ex-NSA head of global security says more leaks are coming out of Apple headquarters lately (AAPL)

Apple is famous for having a very secretive culture, implemented and championed by late CEO Steve Jobs. 

Secrecy is so important at Apple that some employees have attended an hour-long presentation given by ex-NSA investigators about how internal Apple information gets out into the world, according to the Outline's William Turton, who has watched a video of the briefing.

Apple officials said in the briefing that recently more information about upcoming Apple products has been coming from offices in Cupertino, California, rather than through the Asian factories that build Apple products. Apple's security teams require factory workers in places like Shanghai to go through sensitive metal detectors. 

Jay Z just changed his name again
Posted June 20, 2017 0:1 AM
Jay Z just changed his name again

The hyphen is back in JAY-Z.

Between welcoming the birth of twins with his wife, Beyoncé, and announcing a new album, "4:44," the rapper also felt compelled to switch up his stage name.

The 47-year-old hip-hop legend will now go by JAY-Z rather than Jay Z, reviving the hyphen that he dropped from his name after the release of his 2013 album "Magna Carta Holy Grail," Entertainment Weekly reports.

Jay's new LP, "4:44," will premiere exclusively on his streaming service Tidal on June 30. 

The album will reportedly have

Here's how Tesla, Uber, and Google are trying to revolutionize the trucking industry

Silicon Valley has its sights set on the trucking industry, and for good reason.

Every time we receive a package of randomly assorted Amazon items, it was likely delivered on the back of a massive big-rig driven by one of 1.7 million truck drivers in the US. It's important, and grueling, work that was thrown into national focus for a brief moment when President Donald Trump climbed into an 18-wheeler in March.

But the job, the most common one in 29 states, is also ripe for disruption.

Medium- and heavy-duty trucks

We visited a restaurant that's powered by machines instead of people — here's what it's like

As automation sweeps the restaurant industry, fast food execs may look for inspiration from Eatsa — a small chain that is powered by machines instead of people. 

Eatsa, which opened its first location in San Francisco in 2015, functions essentially like a vending machine or a high-tech automat that spits out freshly-prepared bowls of quinoa. There are real people behind the scenes preparing the food, but instead of cashiers there are kiosks.

Eatsa has expanded from a single location in San Francisco to five restaurants in California, New York, and Washington, DC. 

The founder of a $470 million business explains why she chose to give up her role as CEO

Leading an organization can be hard. Deciding to step down from leading that organization can be even harder. 

That's the decision ClassPass founder and former CEO Payal Kadakia made just a few months ago.

"I think founders, as they go through their company, the founder/CEO role just fundamentally changes," she explained in an interview with Business Insider US editor-in-chief Alyson Shontell on Business Insider's podcast, "Success! How I Did It."

Kadakia decided to hand the CEO baton to an early ClassPass investor, Fritz Lanman, and stay involved in the company in an executive chairman position. Ultimately, she said, the decision to move into a new role wasn't as difficult as some people might expect.

She continued:

The new and improved Airbus A380plus makes room for 80 more passengers

In a bid to resuscitate sales of its struggling flagship A380, Airbus unveiled a new version of its iconic superjumbo with a host of upgrades on Monday at the 2017 Paris Air Show.

Airbus claims the plane — dubbed the A380plus — has been upgraded in five main areas including fuel efficiency and passenger capacity.

Airbus hopes the new development will make the A380, which hasn't generated a single new order in more than a year, more financially attractive for airlines. 

"The A380plus is an efficient way to offer even better economics and improved operational performance at the same time," Airbus COO John Leahy said in a statement. "It is a new step for our iconic aircraft to best serve worldwide fast-growing traffic and the evolving needs of the A380 customers."

The most obvious upgrade made to the

A US fintech used by Google and Airbnb is opening a London office to take advantage of Brexit 'opportunity'

LONDON — US fintech company Payoneer, which works with the likes of Google and Airbnb, is opening its first UK office in London to take advantage of the "opportunity" it thinks will be presented by Brexit.

Payoneer's technology helps businesses send and receive money across borders online.

CEO Scott Galit told Business Insider that the New York-headquartered company has been considering opening a London office for a while and was not put off by last year's Brexit vote, which has put Britain on course to leave the EU in 2019. In fact, Brexit could boost business, he said.

Galit said: "The UK is clearly one of the leading global trading hubs in the world... Out of whatever disruption may come, we also think there will be opportunity."