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☆ CNBC's Inside India newsletter: What's next for India's regulators?
▼ + stars: | 2024-05-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Instead, there's been a flurry of activity this month at a number of regulators across India's financial system. That frightened bank investors and immediately knocked off more than 3% from the India Nifty PSU Bank index. "RBI has been tightening the screws," Rajeev Agrawal, hedge fund manager and managing partner at DoorDarshi India Fund, told CNBC's Inside India. We also had hedge fund manager Andrew Holland, who spoke on India's infrastructure projects and the outlook for the country's economy.

Persons: Niharika Kulkarni, there's, Nirmala Sitharaman, SEBI, Rajeev Agrawal, Agrawal, Shailendra Singh, India's, they've, Dinesh Kumar Khara, Andrew Holland, Sri Jegarajah Organizations: Reserve Bank of, Global, Securities and Exchange Board of India, Reserve Bank of India, Futures Industry Association, Bombay Stock Exchange, Reuters, India Nifty, DoorDarshi India Fund, Peak XV Partners, Sequoia Capital, CNBC, CNBC Pro, U.S ., State Bank of India, U.S . Federal Reserve, Center Locations: Reserve Bank of India, Mumbai, India, Sequoia, Sequoia Capital India, Southeast Asia, Maldives, Sri Lanka, Sri, Japan, Indian, Chennai

☆ TikTok is testing 60-minute videos, which could be a big threat to YouTube
▼ + stars: | 2024-05-17 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

TikTok is testing 60-minute video uploads, challenging YouTube's long-form content domain. TikTok has gradually increased its video length limits to 10 minutes for all users. Longer video uploads may shift viewership from streaming services like YouTube. AdvertisementTikTok is giving some users the option to upload 60-minute videos to the platform. The company told TechCrunch it does not immediately plan to roll out the 60-minute upload function widely.

Persons: TikTok, —, Matt Navarra Organizations: YouTube, Service, TechCrunch, Business

☆ The outlook on gold and gold stocks into the summer is looking strong, according to the charts
▼ + stars: | 2024-05-16 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's take a look at how gold stocks have fared and see how recent price action suggests the uptrend is nowhere near completed. While gold stocks tend to be very much tied to the performance of the underlying commodity, there will often be periods of dislocation, where gold and gold miners appear to be more disconnected. This appears to have occurred in the first quarter, when physical gold was fairly flat, but gold miners were sold off into a February low. The chart of Royal Gold (RGLD) shows that the early breakouts are beginning to occur. Given the strength in the charts of physical gold and gold miners, this group may serve as a compelling opportunity going into the summer months.

Persons: Let's, David Keller Organizations: Nasdaq, Gold Miners, CMT

☆ Jobseekers and Recruiters Are Both Using AI in Hiring. It's Chaos.
▼ + stars: | 2024-05-16 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +11 min

They can now add AI recruiting systems to that pile. It turns hiring into a depersonalized process, it inundates hiring managers, and it reinforces weaknesses in the system it's designed to improve. AI is supposed to fix this mess, saving companies time and money by outsourcing even more of the hiring process to machine-learning algorithms. Platforms like LinkedIn and ZipRecruiter have started using generative AI to offer candidates personalized job recommendations and let recruiters generate listings in seconds. Several seasoned recruiters told me they hadn't incorporated AI into their workflow beyond auto-generating job descriptions and summarizing candidate calls.

Persons: Josh Holbrook, Holbrook, I've, Rik Mistry, Ian Siegel, —, ZipRecruiter, weren't, it's, Tatiana Becker, Becker, Pallavi Sinha, Sinha, Kerry McInerney, Danielle Caldwell, chatbot, Caldwell, Mclnerney, Peter Laughter, who's, Bonnie Dilber, Dilber, Aki Ito, Sandra Wachter, Wachter, David Francis Organizations: Business, Society for Human Resource Management, LinkedIn, Unilever, Google, BI, Microsoft, University of Cambridge, University of Sussex, Berkeley Haas Center for Equity, Gender, Leadership, Black, University of Oxford, IBM, Talent Tech Labs Locations: Alaska, HireVue, Humanly, Portland , Oregon, Zapier

☆ MrBeast has broken the curse of influencer success
▼ + stars: | 2024-05-16 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

AdvertisementSome attribute it to dumb luck, but others think Jimmy "MrBeast" Donaldson has changed content creation forever and set a new standard for what content creators can aspire to. Importantly, he is changing how influencers are viewed by traditional media. Jamie Nudelman, a social media growth expert at the digital marketing consultancy Viral Marketing Stars, told Business Insider that Donaldson has become "more powerful than traditional media." Advertisement"Truthfully, Amazon Prime needs MrBeast more than MrBeast needs Amazon Prime," he said. "Most content creators ride on a trend and then get stuck in it," Nudelman said.

Persons: —, Jimmy, MrBeast, Donaldson, MrBeast Donaldson, YouTube's, Jamie Nudelman, Justin Bieber, Liza Koshy, Bo Burnham, Rachel Pedersen, James Charles, Shane Dawson, Jaclyn Hill, Nudelman, It's, influencers, Pedersen, Liz Germain, Germain, Donaldson obsesses, it's, he's Organizations: Service, Business, Amazon Prime, Amazon, Jeffree, Super Locations: tatters

☆ Video: ‘Hacks’ actress labeled as ‘gay icon’ shares what it means to her
▼ + stars: | 2024-05-16 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

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☆ Video: Ride along with evacuation unit in Ukraine as Russia advances on town
▼ + stars: | 2024-05-16 | by ( Caroline Baxendale | ) edition.cnn.com time to read: 1 min

☆ Video: Marjorie Taylor Green clashes with Ocasio-Cortez as hearing devolves into chaos
▼ + stars: | 2024-05-16 | by ( Paige Levin | ) edition.cnn.com time to read: 1 min

☆ New Editing Layer Adds Angst Inside NPR
▼ + stars: | 2024-05-16 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Michel Martin, a host of NPR’s “Morning Edition,” pressed Edith Chapin, NPR’s chief content officer, to identify the source of the funding in an editorial meeting at the network’s Washington headquarters, according to four people with knowledge of the exchange. Ms. Chapin declined to elaborate on the source of the money but said that it wouldn’t be a surprise to NPR’s editorial staff. Ms. Martin replied she would not accept that answer from a source, the people said. The meeting was held to discuss the new layer of editing, called the Backstop, that was announced to the full staff on Wednesday. The group, to be made up of six senior editors, will review all of NPR’s journalism before it is released.

Persons: Michel Martin, ”, Edith Chapin, NPR’s, Chapin, Martin Locations: Washington

☆ Dr. Gupta discovers the results of an Alzheimer’s risk test
▼ + stars: | 2024-05-16 | by ( Nader Nikoupour | ) edition.cnn.com time to read: 1 min

We'll show you all of your live streaming options when it comes to how to watch the PGA Championship. Held on the Valhalla Golf Course in Louisville, Kentucky, the PGA Championship has become a staple of the PGA Tour. Keep reading to learn all of your watch options for the PGA Championship, including notable tee times for each day of the tournament. ESPN+ doesn't live stream the ESPN channel, so you'll need to try out a live TV streaming alternative to access this portion of the tournament without cable. Shop at Peacock TVHow to watch the PGA Championship in the UKSky Sports is the British home to PGA Championship live streams.

Persons: it's, Brooks Koepka, Scottie Scheffler, Tiger Woods, Rory McIlroy, There's, Peacock, VPNs, ExpressVPN Organizations: Business, PGA, PGA Tour, ESPN, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount ESPN, Hulu, Disney Plus, ESPN Sling, Sling, Sky Sports Locations: Louisville , Kentucky, British

☆ OpenAI partnering with Reddit on advertising and content
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI partnering with Reddit on advertising and contentCNBC's Kate Rooney joins 'Closing Bell Overtime' with the latest on Reddit partnering with OpenAI.

Persons: Reddit, Kate Rooney, OpenAI

☆ Taiwan, on China’s Doorstep, Is Dealing With TikTok Its Own Way
▼ + stars: | 2024-05-16 | by ( Meaghan Tobin | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

As it is in the United States, TikTok is popular in Taiwan, used by a quarter of the island’s 23 million residents. People post videos of themselves shopping for trendy clothes, dressing up as video game characters and playing pranks on their roommates. Influencers share their choreographed dances and debate whether the sticky rice dumplings are better in Taiwan’s north or south. Taiwanese users of TikTok, which is owned by the Chinese internet giant ByteDance, are also served the kind of pro-China content that the U.S. Congress cited as a reason it passed a law that could result in a ban of TikTok in America. The video was flagged as fake by a fact-checking organization, and TikTok took it down.

Persons: Influencers, Rob Wittman, stoking, TikTok Organizations: U.S, Republican Locations: United States, Taiwan, China, America, Virginia, Taiwan’s

☆ Watch raccoon interrupt Major League Soccer game
▼ + stars: | 2024-05-16 | by ( Hazel Tang | ) edition.cnn.com time to read: 1 min

☆ The impact of Instagram and Facebook on kids is under scrutiny once more
▼ + stars: | 2024-05-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

The EU is investigating Meta over concerns its platforms are fueling addiction among minors. It comes as Meta faces growing legal pressure in the US over the impact of its platforms on kids. AdvertisementMeta is facing more questions over whether it's doing enough to protect kids on Facebook and Instagram. The European Commission, the bloc's regulatory body, said it would also investigate whether Meta's age-verification tools are stopping minors from accessing inappropriate content. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Regulators, Service, Meta, Facebook, EU, European Commission, Business

☆ Netflix is rebuilding the cable bundle, but there’s one conspicuous topic it is avoiding
▼ + stars: | 2024-05-16 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Netflix is rebuilding the cable bundle, sans one important ingredient: news. The company, having blown up the decades-old linear television business and ushered in the costly and destabilizing era of streaming, is inching closer and closer to resembling the entertainment behemoths of yesteryear. Netflix has shown little-to-no interest in investing in either live-news or pre-taped programming (a la, a show akin to “Vice News Tonight” or “60 Minutes”). Rebuilding the traditional cable package without news is akin to putting together a meal that includes steak, potatoes and ice cream, but not the broccoli. The vegetables might not be the tastiest, most popular item on the menu, but neglecting them would not be healthy.

Persons: Tom Brady, John Mulaney’s “, “, Bela Bajaria, ”, — Organizations: New York CNN, Netflix, NFL, WWE, Meta, Republicans, Journalists, Warner Bros, Discovery, CNN, Comcast, NBC, Disney, ABC News, Paramount, CBS, SPAN Locations: New York

☆ Apple's latest iOS update is bringing back deleted photos, users say, including NSFW content
▼ + stars: | 2024-05-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

A possible bug in iOS 17.5 has left some iPhone owners seeming freaked out. Users said deleted pictures were restored to their Photos app after the latest software update. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Apple's iOS 17.5 update is here, but some users are saying that the update brought back deleted pictures from years ago. This story is available exclusively to Business Insider subscribers.

Persons: —, they'd Organizations: Service, Business

☆ McDonald’s new McFlurry is inspired by grandmothers
▼ + stars: | 2024-05-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: 1 min

☆ The End Is Near: 5 Takeaways From Trump’s Criminal Trial
▼ + stars: | 2024-05-16 | by ( Kate Christobek | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

Michael D. Cohen, Donald Trump’s former fixer and current antagonist, faced a tough cross-examination on Thursday as the defense drilled into his past lies. Mr. Cohen, once known as a hothead and a paid bully, did not explode as he did when testifying last fall at Mr. Trump’s civil fraud trial. He seemed at times stressed under the searing questioning from Mr. Trump’s attorney, Todd Blanche. Mr. Cohen is not done. Mr. Trump, 77, has denied the charges and having had sex with Ms. Daniels.

Persons: Michael D, Cohen, Donald Trump’s, Todd Blanche, Blanche, Mr, Trump, Barron’s, Stormy Daniels, Daniels Organizations: Mr Locations: Lake Tahoe, Nev

☆ Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
▼ + stars: | 2024-05-16 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

As part of the deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release. In exchange, Reddit will begin offering certain AI features to users and moderators, powered by OpenAI, which will also become a Reddit advertising partner. OpenAI Chief Operating Officer Brad Lightcap spearheaded the deal, which was approved by the company's board, the release said. The update brings GPT-4 to everyone, including OpenAI's free users, Chief Technology Officer Mira Murati said Monday in a livestreamed event. Reddit, which went public in March and reached a record close a few days after its initial public offering, is back to trading near its high of $65.11.

Persons: Reddit, OpenAI, Steve Huffman, Sam Altman, Brad Lightcap, Mira Murati, Murati Organizations: New York Stock Exchange, Google, Reddit, GameStop Locations: New York City, Reddit

☆ Chiefs player faces backlash for dissing working women in controversial speech
▼ + stars: | 2024-05-16 | by ( Austin Mabeus | ) edition.cnn.com time to read: 1 min

☆ Meta slapped with child safety probe under sweeping EU tech law
▼ + stars: | 2024-05-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc's strict online content law over child safety risks. The Commission added that it is concerned about age verifications on Meta's platforms, as well as privacy risks linked to the company's recommendation algorithms. "This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission." The EU said it will carry out an in-depth investigation into Meta's child protection measures "as a matter of priority."

Persons: Mark Zuckerberg, Meta, Thierry Breton Organizations: Dirksen, Facebook, Meta, European Union, European Commission, CNBC Locations: Washington ,

☆ E.U. Investigates Meta Over Addictive Social Media Effects on Children
▼ + stars: | 2024-05-16 | by ( Adam Satariano | ) www.nytimes.com time to read: +1 min

regulators could ultimately fine Meta up to 6 percent of its global revenue, which was $135 billion last year, as well force other product changes. The investigations are part of a growing effort by governments around the world to rein in services like Instagram and TikTok to protect minors. Meta has for years faced criticism that its products and recommendation algorithms are fine-tuned to hook children. In October, three dozen states in the United States sued Meta for using “psychologically manipulative product features” to lure children, in violation of consumer protection laws. People younger than 13 are not supposed to able to sign up for an account, but E.U.

Persons: Meta Organizations: Facebook, European Commission, United, Meta, Digital Services Locations: United States

☆ Meta’s Facebook and Instagram probed over fears they may be too addictive for children
▼ + stars: | 2024-05-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Union is worried that Meta is failing to protect children on its platforms, Facebook and Instagram, and has launched a formal investigation that could result in a hefty fine. The probe is the latest evidence that regulators are increasingly focussing on the harmful impact of Meta’s platforms — and other social media — on young users, including by encouraging addictive behavior. The European Commission, the EU’s executive arm, will consider whether Meta (META) has complied with its obligations under the Digital Services Act (DSA), the bloc’s sweeping new law for online platforms. The legislation requires online platforms to put in place measures to protect children, including by preventing them from accessing inappropriate content and ensuring a high level of privacy and safety. The European Commission is concerned that Facebook’s and Instagram’s online interfaces “may exploit the weaknesses and inexperience of minors and cause addictive behavior,” it said in a statement Thursday.

Persons: Meta, Thierry Breton, ” Meta Organizations: London CNN, Facebook, European Commission, Digital Services, European, Meta, CNN, New Locations: New Mexico, Gaza

☆ Reddit announces another big data-sharing AI deal — this time with OpenAI
▼ + stars: | 2024-05-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

OpenAI and Reddit are teaming up together in a new partnership. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI and Reddit announced a new partnership on Thursday in a move that will bring the social media platform's popular content to ChatGPT. "OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities," the companies said in a joint statement. This story is available exclusively to Business Insider subscribers.

Persons: Reddit, — Organizations: Service, Business Locations: OpenAI

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