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Tesla responds to newly released Model S crash-test rating

Tesla is pushing back on a crash-test agency's findings on the company's best-selling car, the Model S.

The Insurance Institute for Highway Safety (IIHS) announced Wednesday night that the Model S earned an "acceptable" rating, the second-best designation, in a test designed to simulate an offset frontal collision at 40 mph.

Here's what a version of that crash test looks like:

The IIHS said that, during the test, the Model S's seat belt did not prevent the driver's head from hitting the steering wheel hard through the deployed air bag.

A Tesla spokesperson disputed the IIHS' findings in an emailed statement to Business Insider on Wednesday night:

"While IIHS and dozens of other private industry groups around the world have methods and motivations that suit their own subjective purposes, the most objective and accurate independent testing of vehicle safety is currently done by the U.S. Government which found Model S and Mod...

10 things in tech you need to know today (GOOG, MSFT, AAPL, TWTR, FB)

Good morning! Here's the technology news you need to know this Thursday.

1. Google faces a second massive fine from the EU — this time over Android. The EU is reportedly planning to hit Google with a second significant fine.

2. Some Microsoft employees are bracing for layoffs to be announced Thursday. Conference rooms have been booked in preparation.

3. The iPhone 8 could cost $1,000 (£772) or more, but analysts say there will be big discounts. US carriers are likely to offer "assertive promotions" alongside the new, redesigned iPhone.


Fintech startup Tide got a $14 million boost

Banking startup Tide raised $14 million in one of the largest Series A funding rounds closed by a fintech company this year.

Tide, a digital-only banking app aimed at small businesses, has also partnered with online lender iwoca, in a move to allow small companies access to loans of up to £100,000.

The funding round was led by specialist fintech investor Anthemis, along with Passion Capital, LocalGlove and Creandum, the company that backed Spotify.

Tide plans to almost double its London team by the end of the year, and develop more features to make online banking for small and medium sized businesses (SMEs) more efficient. 

The tech investor who apologized for being a 'creep' resigns from 500 Startups after being accused of sexual harassment

Dave McClure, the founder of startup incubator 500 Startups, resigned from his position as general partner following pressure from the accelerator's investors. 

500 Startups had announced on Friday that McClure was no longer in charge of day-to-day operations of the Silicon Valley startup accelerator following an investigation into claims of sexual harassment. McClure was one of several venture capitalists named in a report in the New York Times that day that detailed a pattern of inappropriate behavior with women.

His removal from 500 Startups day-to-day management wasn't enough for some of the firm's investors,

NASA will soon take the closest-ever photos of Jupiter's Great Red Spot — a storm the size of 2 Earths

The Great Red Spot of Jupiter is about twice the size of Earth, blows winds at speeds of about 400 mph, and has blemished the planet's atmosphere for more than 350 years.

But the spot's grandeur is matched only by its mystery: Jupiter is very far away — about 489 million miles — so few probes have ever visited the planet, let alone flown near its crimson-colored super-storm. In fact, the best views of the Great Red Spot most often come from NASA's Hubble Space Telescope, which orbits Earth.

However, NASA's Juno spacecraft is expected to fly over the Great Red Spot on July 10 and beam back the closest-ever views of biggest, baddest storm in the solar system.

Microsoft is undergoing another huge reorganization to sell more cloud subscriptions and less software (MSFT)

Microsoft is reorganizing its entire sales organization to better focus on its fast-growing cloud-computing business, according to an internal memo sent to employees on Monday morning.

Most people believe this reorganization is likely to include layoffs — although none have been formally announced — and some do not believe cuts will be very deep, sources tell Business Insider.

Internally, there are people who think this change, even if it involves layoffs, could be a step in the right direction, as Microsoft increasingly tries to refocus its efforts on selling cloud services rather than software licenses, according to chatter on Blind, an anonymous app popular with Microsoft employees.

This reorganization was reported last week by outlets including

RANKED: The best TV of 2017 so far
Posted July 3, 2017 11:49 PM
RANKED: The best TV of 2017 so far

2017 is already halfway gone. Have you had enough time to watch the literal hundreds of television shows that exist now? Probably not. But some of them are well-worth your time.

If the first half of the year is any indication, we have a lot of great stuff to look forward to, including the seventh season of "Game of Thrones."

With excellent writing, direction, style, and performances that stand out among the overwhelming amount of TV shows around today, this is the best of 2017 so far — from mid-seasons to new seasons to entirely new series.

Here are the best TV shows of 2017 (so far), ranked:

17. “Riverdale”

Soon you might be able to unlock your iPhone with your face (AAPL)

Apple is working on a feature that would allow iPhones users to unlock their phones by just looking at them, Bloomberg reported on Monday.

This facial recognition feature may be included in the redesigned iPhone expected to launch this fall. It would take advantage of the 3D sensor the device is expected to have on its front. The feature may also incorporate eye-scanning technology. 

It doesn't look like the redesigned iPhone scheduled to launch this fall will have Apple's Touch ID fingerprint sensor, an analyst at KGI Securities said in a report Monday

Emilia Clarke is ready to retire her 'Game of Thrones' character after the final season — even if there's a spinoff

Emilia Clarke, famous for her role as the silver-haired mother of dragons, Daenerys Targaryen, on "Game of Thrones," will be done with the series after its eighth and final season. 

"I mean, I have no doubt there'll be prequels and sequels and who knows what else," she told Rolling Stone in a recent interview. "But I am doing one more season. And then that'll be it."

A startup CEO used one 'cocky' slide to raise nearly $12 million – here's what it looked like

Back in 2015, Outreach CEO Manny Medina had just brought his startup back from the brink of bankruptcy.

Medina's cofounders, Gordon Hempton, Wes Hather and Andrew Kinzer, had whipped up some home-grown software to automate the cold calling process so that Medina's three-person sales team could operate like a team of 20.

It worked really well and they went on a lot of sales calls but no one wanted their startup's HR software. Everyone wanted that homegrown sales tool. So the team changed course, turned it into a product and managed to quickly sell nearly $1 million worth.