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☆ A popular YouTuber's negative video of Humane's AI Pin raises questions about critical reviews in the age of innovation
  + stars: | 2024-04-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at a critical tech review that caused a bit of a stir on social media . AdvertisementIn a 25-minute video , Brownlee details all the issues he encountered using the AI device. Earlier this year, a negative video of Fisker's Ocean SUV by Brownlee also made waves on social media . Mario Tama/Getty Images; Chelsea Jia Feng/BICritical reviews in the age of innovation raise some interesting questions. Last week's drop among tech stocks shouldn't scare away investors , according to Wedbush.
Persons: —, Michael Pollan, Roy Rochlin, Marques Brownlee, Brownlee, X, Mario Tama, Chelsea Jia Feng, It's, Insider's Peter Kafka, Peter, Katie Notopolous, Goldman, David Solomon, Kevin Winter, Eric Newcomer, Rebecca Zisser, Caitlin Clark, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, YouTube, Apple, Apple Vision, Humane, America, JPMorgan, National Bureau, Statistics, Amazon Prime, Street Journal, Justice Department, Ticketmaster, United Airlines, Bank of America, The Locations: San Francisco, New York, Tokyo, London, Dublin
☆ Demand destruction will outweigh a wider Mideast conflict in oil markets, JPMorgan says
  + stars: | 2023-10-20 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
"Even if the fighting spreads beyond Israel and the Palestinian territories, it is unlikely to result in a prolonged oil price spike" they predicted. "There are tangible signs that high oil prices amplified by surging borrowing costs and depreciating EM currencies began to erode fuel consumption." In addition, oil prices rarely experienced long-term turmoil during most of Israel's past conflicts, JPMorgan said. "Eventually, oil prices tended to gradually stabilize and decline, resulting in Brent actually trading at a discount to its fundamentally-derived fair value. Only the 1973 Yom Kippur war saw longer lasting impacts, given that it led to a Saudi oil embargo against the US.
Persons: —, Brent, JPMorgan doesn't, haven't Organizations: JPMorgan, Service, UAE haven't Locations: Israel, Taiwan, Thailand, Japan, South Korea, Pakistan, Bangladesh, Sri Lanka, 4Q23, Iran, Saudi Arabia, UAE, Saudi, Northern Iraq
☆ Insider Today: Big Tech goes on trial
  + stars: | 2023-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +10 min
Speaking of Big Tech, it's a big day for the industry as the DOJ's antitrust trial against Google starts today. It's also a strategy the Department of Justice argues is "anticompetitive and exclusionary" in a landmark trial for Big Tech kicking off today. The trial is the biggest to hit the tech industry since the government sued Microsoft in the late 1990s. AdvertisementAdvertisementMore broadly, the case is a bellwether for how the government could argue future cases against Big Tech companies in the modern era. Each case is unique, but their focus on monopolistic behavior means the Google trial could set precedents followed by both sides.
Persons: Tayfun, it's, there's, you'll, It's, Hugh Langley, Kent Walker, Hugh, Walker, Chelsea Jia Feng, Henry Farrell, Abraham Newman's, Walter Wriston's, Gil Perez, Jamie Dimon, JPMorgan doesn't, Dimon, Elon, Franz von Holzhausen, Musk, Walter Isaacson, Yossakorn Kaewwannarat, VCs, they're, Nicki Minaj, Shakira, Beyoncé, Karol G, Frances Tiafoe, Austin Krajicek, Mackenzie McDonald, Tommy Paul, Rajeev Ram, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Big Tech, Google, Anadolu Agency, Getty, Department of Justice, DOJ, Microsoft, Apple, Federal Trade Commission, Amazon, Meta, Deutsche, JPMorgan, Street, Workers, Gallup, Startup, MTV, Team, Amtrak Locations: Wall, Silicon, Chelsea, New York City, San Diego, London, New York
☆ JPMorgan upgrades Meta to buy, saying top and bottom-line pressures will ease in 2023
  + stars: | 2022-12-16 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
"Heading into 2023, Meta should be comping peak TikTok impact early in the year, and we believe overall Meta engagement remains solid, with time spent per user stabilizing," said Anmuth. Reels, Meta's TikTok competitor, should be revenue neutral next year, according to JPMorgan. Of course, JPMorgan still sees major losses ahead for Meta's reality labs division. "Reality Labs losses increasingly weigh on Meta's GAAP earnings & we project RL losses doubling from $6.6B in 2020 to $13.7B in 2022," Anmuth wrote. JPMorgan projects reality labs losses reaching $17 billion in 2023 and $19 billion in 2024.
☆ Oil prices will hover near $90 in 2023 as Russian production bounces back to pre-war levels, JPMorgan says
  + stars: | 2022-11-29 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Oil prices will hover around $90 per barrel in 2023 as Russia boosts its production to pre-war levels, according to JPMorgan. The bank lowered its 2023 oil forecast by $8 because of the expected supply increase from Russia. The refilling of the special petroleum reserve by the Biden administration should also support oil prices. If Russia's oil production levels normalize as JPMorgan expects, it will likely find a big buyer in India. That could lead to slight oil production cuts next year from OPEC to help prop up oil prices, as US shale production continues to have less influence over prices compared to a few years ago.
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