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It aligned with the life-changing money advice he received from a boss in his early 20s. The stock market: from tech stocks to low-cost index fundsCooper's investment strategy has evolved over the years. AdvertisementTo lower his risk, "I am in the process of transitioning my portfolio to mostly low-cost index funds, which are very popular among the FI community." "They're all paid off and bring in about $65,000 a year in rent," he said, adding that they played an important role in his early retirement. Advertisement"I think the easier route is to invest in low-cost index funds," he said, noting that the playbook is much simpler.
Persons: , Eric Cooper, I'd, Cooper, Cooper's, Roth Organizations: Service, Business, Roth IRA, FI Locations: Louisville, Egypt
In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.
Persons: , Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London
In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.
Persons: , Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London
Senator Robert Menendez, Democrat of New Jersey, second from left, sits with his children Alicia and Rob and Gov. Alicia and Rob Menendez have surely enjoyed the privileges of being children of a powerful political leader. After a former ally pleaded guilty and began cooperating with prosecutors, Senator Menendez and Nadine Menendez were additionally charged with obstructing justice. Alicia Menendez, 40, has been forced to address the charges against her father — and calls for his resignation — on live television. “When your close loved one is at the center of a political scandal,” she said, “it’s in your obit too.”
Persons: Robert Menendez, Alicia, Jon Corzine, Rob Menendez, Rob, Bob Menendez, Nadine Menendez, Menendez, Super Mario Bros, , , Alicia Menendez, Sally Quinn, Organizations: Democrat, Rob, MSNBC, Democratic, Benz, Super, , The Washington Post Locations: New Jersey, New Brunswick, N.J, Biden’s
In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.
Persons: , Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMay 14, 2024, marks Mark Zuckerberg's 40th birthday — and he's had quite the decade. Zuckerberg's net worth of $169 billion makes him the fourth richest person in the world, according to Bloomberg. Related storiesZuckerberg owns most of Facebook with his 13% stake in its parent company Meta, and nearly all of his fortune — $164 billion worth — is tied to it. And while he's far from the flashiest of the centi-billionaires, Zuckerberg's lifestyle has changed in conjunction with his wealth.
Persons: , Mark Zuckerberg's, he's, Zuckerberg, Priscilla Chan, He's, I'm, Chan Zuckerberg Organizations: Service, Harvard, Bloomberg, Business, Facebook, Meta, Chan Zuckerberg Initiative Locations: Meta, Palo Alto, Tahoe, Kauai, Hawaii
In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.
Persons: , Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago
But when my partner transitioned into a woman, I struggled to see her as another mother to our kids. AdvertisementAfter my husband transitioned to female and became my wife, I was taken aback when a friend wished us both a Happy Mother's Day. Mother's Day promises a token gesture of pampering and the invitation of self-care, a thank you for all we do. Mother's Day became confusingOn our second Mother's Day after her transition, Stefanie gave me flowers, as always; I gave her nothing and felt terrible. Did it matter whether we called it Father's Day or a June Mother's Day?
Persons: , I'd, I'm, Stefanie, Didn't, peonies, There's, Maddie, I'm Mama Organizations: Service, Mother's, Museum of Modern Art Locations: New York
Sam Rubin, a journalist for the television station KTLA 5 in Los Angeles whose morning interviews with celebrities became requisite viewing for much of the entertainment industry and who endeared himself to Hollywood insiders with his geniality and knowledge of their work, died on Friday. Mr. Rubin’s death was announced by a KTLA anchor, Frank Buckley. A tribute segment that aired on the station said the cause was a heart attack. In an industry known for its changing names and evolving trends, Mr. Rubin was for decades a mainstay for viewers across the city and an interview with him was considered a rite of passage for many stars. His ability to make celebrities feel comfortable as he asked them about their craft spanned generations.
Persons: Sam Rubin, Rubin’s, Frank Buckley, Rubin Organizations: KTLA, Hollywood Locations: Los Angeles
Courtesy of Eric CooperThe idea of early retirement didn't start to percolate until 2019. "That's when I found the Mr. Money Mustache website and this article that explained the simple math behind early retirement and the 4% rule." According to the 4% rule, which helps retirees determine how much they can spend without running out of money, Cooper had a big enough portfolio to stop working. Using Rule 72(t) to access his retirement money without penaltyWhen you contribute to retirement accounts like a 401(k) and IRA, you can start taking penalty-free withdrawals after age 59½. He rolled over $300,000 because that's about how much money he'll need for a $20,000 annual distribution each year until he's 59 ½.
Persons: Eric Cooper, Cooper, I'd, Cooper's, didn't, I've, It's, you've, That's Organizations: Business, Google, IRS Locations: percolate, Louisville
Lauren Sánchez celebrates her eldest son Nikko's college graduation. The post comes just days after Sánchez made her Met Gala debut alongside fiancé Jeff Bezos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLauren Sánchez celebrated her eldest child Nikko's college graduation on Thursday with a touching Instagram post. This story is available exclusively to Business Insider subscribers.
Persons: Lauren Sánchez, Nikko's, Sánchez, Tony Gonzalez, fiancé Jeff Bezos, , fiancée, Jeff Bezos, de la, It's, Vogue Organizations: Service, Business
Plus, the pandemic and the shift to working from home have made millennials and Gen Z lonelier than ever, thanks in part to doomscrolling. "I believe the conventional 'make friends' apps too closely mimic the dating model, which can feel awkward and high-pressure for making friends," he said. The group hosts "reading parties" at bars and event spaces with the goal of helping people connect through reading. Dinner With Friends, a group that throws dinner parties, has worked on sponsored events with brands like Bumble and Geneva. Dinner With Friends founder Anita Michaud said brands typically either sponsor entire dinners or provide products — like canned cocktails — for the dinner parties.
Persons: , they've, Danial Hashemi, Sydney, Z, millennials, Cliff Lerner, Lisa Oreshkina, Saneblidze, Tom Worchester, Andreessen Horowitz, Victor Pontis, Luma, Liz Chick, Gen, Mira Hobbs, ReCreate's Chick, Anita Michaud, Peter Boyce II, Boyce, Maitree Mervana Parekh, Marlon Nichols, they're, it's, Ben Bradbury Organizations: Service, Business, Sydney Bradley, Big Tech, Tech, Timeleft, Reading, Facebook, VC, Wine, Bumble, New, Acrew, MaC Venture, Reading Rhythms Locations: New York City, Los Angeles, New York, Brooklyn, Squarespace, Lisbon, Amsterdam, London, San Francisco, Geneva
In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.
Persons: , Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London
CNN —Brian Wilson, musician and founding member of the hit ’60s rock band The Beach Boys, has been placed under a conservatorship following a Los Angeles court ruling on Thursday. According to the Wilson family, the decision to place Brian under a conservatorship came following the death of his wife, Melinda Wilson, in January. She encouraged me to make the music that was closest to my heart.”Wilson, pictured far left, was a founding member of The Beach Boys. He decided to quit touring with his band after a nervous breakdown in 1964, though he continued to write, arrange, produce and record The Beach Boys’ music. Wilson and The Beach Boys were inducted into the Rock and Roll Hall of Fame in 1988 and received a Grammy Lifetime Achievement Award in 2001.
Persons: Brian Wilson, Gus T, Wilson, , Brian, Melinda Wilson, Melinda, ” Wilson, Michael Ochs, , LeeAnn, Jean Sievers, Gloria Ramos Organizations: CNN, Los Angeles Superior Court, The, Boys, Michael Ochs Archives, Hall of Fame Locations: Los Angeles
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how Corporate America is rethinking its sustainability and diversity efforts amid a push to avoid being labeled "woke." The rallying cry against companies' progressive campaigns is starting to leave a mark on Corporate America. AdvertisementAfter years of big promises and grand plans around social issues like diversity and sustainability, companies have taken a noticeable step back , Business Insider's Emily Stewart writes. The electric car maker axed more than 3,400 job postings in North America down to just three on Wednesday.
Persons: , let's, wokening Brooks Kraft, Emily Stewart, Emily, ESG, hasn't, Peter Thiel, Donald Trump's, Bud Light, influencer Dylan Mulvaney, Rock, Saul Loeb, Chelsea Jia Feng, Wall, Warren Buffett, It's, Justin Sullivan, Elon, Eric Schmidt, Steve Mnuchin, Kevin O'Leary, salespeople, BI's Rob Price, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, wokening Brooks Kraft LLC, Corporate America, Trump Media, Getty Images, of America, Berkshire Hathaway's, People's Bank of China, Chelsea, Microsoft, Google, YouTube, Netflix Locations: America, Beijing, North America, New York, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Murphy: Find yourself a mentor who can turn your ambition into achievement"It's the lowest risk, highest reward career move you can make." CNBC International Anchor & Correspondent Dan Murphy discusses the value of finding a good mentor and what ambition means to him.
Persons: Dan Murphy Organizations: CNBC, Anchor
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And the knock-on effects extend beyond TikTok, impacting everything from President Joe Biden's reelection campaign to Apple and Tesla . AdvertisementTikTok, Tyler Le/BIThe TikTok-US government fight pits two pillars of American society against each other: free speech and national security. 3 things in businessDeliormanli/Getty, Olivier Verriest/Getty, Andrei Akushevich/Getty, Tyler Le/BIIn other newsAdvertisementWhat's happening todayToday's earnings: Airbnb, Uber, and other companies are reporting .
Persons: , swiping, Tyler Le, ByteDance, Dan Whateley, Geoff Weiss, Joe Biden's, It'll, TikTok, hasn't, haven't, Fallon, Jane Fraser isn't, Fraser, Piper Sandler, Michael Kantrowitz, Josh Edelson, Isabel Fernandez, Mark Zuckerberg, Zuckerberg, Getty, Olivier Verriest, Andrei Akushevich, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Apple, Chinese Communist Party, Big Tech, Getty, Pujol, Associated Press, Facebook Locations: France, China, Beijing, Citadel, Millennium, AFP, New York, London
This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.
Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity
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Apple wants to give the iPad a boost
  + stars: | 2024-05-07 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
The tech giant's event will reportedly showcase a new family of… iPads and iPad accessories. But Apple's event , which kicks off at 10 a.m. EST, is looking to give the iPad a boost. iPhone sales have noticeably dipped, which is why you're hearing Apple tout its "services" business , writes BI's Peter Kafka. And the new product Apple wants you to be excited about — the Vision Pro — hasn't lived up to the hype. a16z joins the Big Tech "fake work" debate.
Persons: , Tyler Le, they're, iPads, Antonio Villas, Boas, BI's Peter Kafka, Peter, hasn't, Katie Notopoulos, Wall, Lauren DeCicca, Tim Cook, Katie, aren't, I'd, we'll, I'm, Alyssa Powell, Danielle DiMartino Booth, James Devaney, Roger Kisby, Jack Dorsey's, Elon, Dorsey, Elon Musk, Satya Nadella, OpenAI, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Berkshire Hathaway, a16z, Emily Sundberg, Andreessen Horowitz, David Ulevitch, Vladimir Putin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Apple, Google, Getty, US Treasury, National Bureau of Economic Research, Images, Penske Media, Microsoft, Tech, Paramount, Berkshire, Big Tech, Walt Disney Company Locations: BREIT, New York, London
Lauren Sánchez made her debut at the Met Gala on Monday night. AdvertisementLauren Sánchez has officially made her Met Gala debut. Lauren Sánchez attends the 2024 Met Gala. She told Vogue that she wanted something different for her first Met Gala than the "extremely sexy, low cut" styles she usually favors. Now, with a Met Gala under her belt, it's clear Sánchez hopes to join the ranks of fashion's biggest power players.
Persons: Lauren Sánchez, Oscar de La, Anna Wintour, Sánchez, , Jeff Bezos, la, Jamie McCarthy, Vogue, It's, Bezos, Chrissy Teigen, Jessica Seinfeld, Keith McNally Organizations: Service, Vogue, White House, fashion's Locations: Hollywood
In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.
Persons: , Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago
Worry not, padawans: CNN has laid out a comprehensive timeline of the “Star Wars” canon so you can follow all of the franchise’s time-jumps without getting lost in space. These details are pulled from the official “Star Wars” resources “Ultimate Star Wars” and “Star Wars Character Encyclopedia,” as well as a chart of the eras explored throughout the franchise. ‘Star Wars: The Clone Wars’ (animated series)Ahsoka is Anakin's padawan in "The Clone Wars," and he lovingly calls her "Snips." ‘Star Wars Rebels’Kanan Jarrus, Zeb Orrelios and Sabine Wren take on the Empire in "Star Wars Rebels." ‘Rogue One: A Star Wars Story’Heroes attempt to find the plans to blow up the Death Star in "Rogue One."
Persons: we’ve, Rey Skywalker, Jin, Anakin Skywalker, Wan, Anakin, who’s, Anakin’s, Darth Maul, Palpatine, Darth Sidious, Obi, , Padmé, , Count Dooku, Warner, Ahsoka Tano, Sidious, Darth Vader, Luke, Leia, Vader, , Han, Chewie, Jonathan Olley, scoundrel Han, Thrillist, frenemy, Lando Calrissian, ‘ Obi, Kanan Jarrus, Zeb Orrelios, Sabine Wren, ‘ Andor, Cassian Andor, Jyn Erso, Jyn, ’ Luke, , Yoda, batty, Lando, Yikes, Jabba, redeems, VI, VII, Grogu, Mando, Boba Fett, Jango Fett, flitted, Boba, Din, ” It’s, Ahsoka, Jabba the, Suzanne Tenner, Ezra Bridger, Hera Syndulla, Thrawn, Rey, Kylo Ren, ” Rey, stormtrooper Finn, Kylo, ’ Finn, Phasma, Ren, Snoke, MacGuffin, Poe, Emperor Palpatine, she’s, Jude, Kerry Condon, Lee Jung, jae, Amandla, Leslye Headland, James Mangold, Indiana Jones, Dave Filoni, Daisy Ridley Organizations: CNN, , “ Star, Lucasfilm, Everett, Lucasfilm Ltd, USA, , Warner Bros, Fox, Empire, Tech, Disney, Walt Disney Studios, ‘ Star Wars Rebels, Star Wars Rebels, AV, Pictures, Rebel, Rebels, Galaxy, imperials, Rotten, “ Star Wars Rebels, Force, Rey, C3PO, Jude Law, Variety Locations: Yavin, , Republic, Hunter, Luke’s, , USA, carbonite, New Republic, Endor
Lauren Sánchez may make her Met Gala debut on Monday, according to reports. AdvertisementLauren Sánchez is poised to walk the Met Gala red carpet for the first time on Monday, if media reports are to be believed. Page Six also previously reported that Met Gala host and Condé Nast chief content officer Anna Wintour was wooing Sánchez to attend. AdvertisementThe theme of this year's Met Gala is "Sleeping Beauties: Reawakening Fashion," according to Vogue, and the dress code has been dubbed "The Garden of Time." Sánchez is a rising fashion star, Business Insider's Amanda Krause previously reported, with her style evolving in recent years.
Persons: Lauren Sánchez, Jeff Bezos, , Amy Odell, Page, Condé, Anna Wintour, Sánchez, she'd, Bezos, Amanda Krause, Keith McNally, Chrissy Teigen, Jessica Seinfeld, Stephanie Ruhle Organizations: Service, Condé Nast, Vogue, House, NYC Locations: Sánchez, Instagram
As companies race to deploy artificial intelligence in ways that aim to make them better at operating, hiring, and competing, they're also chasing after top AI talent, including filling the position of chief AI officer. A lot of these companies, Doonan said, "can't really articulate what they want, why they want it, and what are the outcomes that they're looking for." "All I could think is that you could change the word 'cowbell' to 'AI,'" Doonan said. Without that understanding, Doonan said companies are going to hire "somebody really senior and they're going to be doing [data] clean-up for the next two years. Of course, that hasn't stopped companies from wanting to add a chief AI officer to their ranks.
Persons: they're, Mike Doonan, Doonan, CNBC's, Jon Fortt, Christopher Walken, that's, hasn't, LinkedIn's, I've Organizations: CNBC Technology, Alteryx's Enterprise
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