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☆ People are tearing into Apple for its latest iPad commercial: 'Steve wouldn't have shipped that ad'
▼ + stars: | 2024-05-09 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech giant unveiled its latest iPad models on May 7. The ad certainly made a statement, just probably not in the manner that Apple intended. "Maybe hire Ridley Scott again next time instead," read one X post referencing the award-winning director behind the "1984" ad. Representatives for Apple didn't immediately respond to a request for comment from BI sent outside regular business hours.

Persons: —, Tim Cook's, 6PeGXNoKgG, Tim Cook, Joe B, Transue, Cook, Roger Rabbit, Apple, Ridley Scott, Y, Paul Graham, Graham, would've, Steve Jobs, Steve wouldn't, Jobs, Apple didn't Organizations: Service, Business, Venture, Apple, BI Locations: Cupertino

☆ Welcome to the Masters, a staple of the billionaire's social calendar
▼ + stars: | 2024-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.

Persons: —, Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London

☆ Y Combinator cofounder Paul Graham says seeing this word in an email pitch is a sign it was written by ChatGPT
▼ + stars: | 2024-04-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Y Combinator cofounder Paul Graham said there's one word in an email that hints it was written by AI. AdvertisementThe word "delve" has been getting a lot of attention online over the last few days. That's because Y Combinator founder Paul Graham said in a post on X (formerly Twitter) that using the word "delve" in an email pitch is a sign ChatGPT wrote it. The chart shows instances of "delve" used in articles like peer-reviewed journal papers and preprints from 1990 to 2024. According to AI Phrase Finder, which used a dataset of 50,000 ChatGPT responses, "delve" is in the top 10 words used by ChatGPT.

Persons: Paul Graham, —, it's, Y, ChatGPT, 2i3GUgynuL — Paul Graham, @paulg, Graham isn't, Graham, Philip Shapira, Shapira Organizations: Service, Google

☆ Some VCs are over the Sam Altman hype
▼ + stars: | 2024-03-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

In late 2023, when OpenAI sought $300 million from investors, CEO Sam Altman chose a different approach. In some corners of this clubby world, over $7 coffee and artisanal cocktails, the meteoric rise of OpenAI and Sam Altman is giving way to an inevitable backlash. "He's a kingmaker," a Silicon Valley startup founder and angel investor who knows Altman. Sam Altman and OpenAI did not respond to requests for comment. A certain somethingMany of the VCs who spoke with BI said Altman has a certain something.

Persons: —, OpenAI, Sam Altman, Altman, they'd, I've, Ali Ghodsi, Altman's, Ghodsi, Steve Jobs's, Paul Graham, he's, Sam, Jack Altman, It's, it's, Elon, Alexander the Great, Adam Neumann Organizations: Service, NEA, Business, Altman's, The Washington Post, The, YC, BI, WeWork Locations: Sequoia, Silicon Valley, The, San Francisco

☆ The gloves are off among Silicon Valley CEOs
▼ + stars: | 2024-02-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Silicon Valley CEOs are doing battle in public. AdvertisementThe Silicon Valley elite have been at each other's throats a little more than usual lately. AdvertisementThe latest example of this came this week when Mark Zuckerberg derided Apple's Vision Pro headset in an Instagram video. The Vision Pro is a direct competitor to Meta's Quest Pro but Zuckerberg does not appear concerned for now. “If you go back to the PC era, Microsoft’s open model was the winner, and in this next generation Meta is going to be the open model, and I really want to make sure that the open model wins out again.”Zuckerberg has good reason to be on the offense.

Persons: Mark Zuckerberg, —, Apple's, Zuckerberg, Justin Sullivan, it’s, ” Zuckerberg, OpenAI’s, Bill Gates, ” Elon Musk, Sam Altman, chatbot Grok, Elon Musk, Leon Neal, Satya Nadella, OpenAI, Y, Paul Graham, Tim Cook, Steve Jobs, ”, “ Organizations: Vision, Service, Tech, Meta's, Apple, Reality Labs, Microsoft, Google Locations: OpenAI, Zuck

☆ Australia to End Daily Letter Delivery as Postal Service Pivots to Parcels
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

By Lewis JacksonSYDNEY (Reuters) - Australia Post will soon end daily letter deliveries as part of a series of postal reforms announced on Wednesday designed to modernise the government-owned postal service and help it turn a profit. Australia Post will also have an extra day to deliver regular mail. Australia Post delivered half a billion parcels last financial year, or roughly 20 per person. Losses in the letter business rose 50% to A$384 million. Australia Post has applied to the competition regulator to increase the basic letter postage rate to A$1.50 from A$1.20 from early near year.

Persons: Lewis Jackson SYDNEY, Paul Graham, eCommerce, Graham, Lewis Jackson, Jamie Freed Organizations: Australia Post, Australia Locations: Australia

☆ Sam Altman's biggest lesson for founders: control freaks win
▼ + stars: | 2023-12-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

A takeaway for other founders: control matters. A founder's narrative control can wane too if board members disagree with a founder's vision. AdvertisementAltman did not, in practice, start with much control at OpenAI, despite being its CEO and, prior to the blowup, a board member. "A lot of VCs still act as if founders retaining board control after a series A is unheard-of. OpenAI's version of founder control doesn't necessarily look like others: its CEO apparently doesn't hold the majority of stock.

Persons: Sam Altman, Paul Graham, —, Altman, Altman's, Helen Toner, Toner, Y, Graham's, Graham, aren't, Mark Zuckerberg, Bret Taylor, Larry Summers Organizations: Service, Microsoft Locations: OpenAI

☆ Scott Shleifer steered billions into startups for Tiger Global. With his reign now over, the industry wonders what's next.
▼ + stars: | 2023-11-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Few investors are more emblematic of the no-interest-rate private market frenzy than billionaire Scott Shleifer. Tiger's venture approach in 2020 and 2021 — constantly described as unsustainable by rivals — included maneuvers such as offering start-ups more money than they were asking and emailing founders term sheets after a single meeting. Shleifer's reputation and personal wealth grew with Tiger's venture success. As Tiger was fundraising late last year, investors learned of a $10 million settlement Tiger Global made to a former female employee. At least one Tiger investor was surprised to hear about it from Coleman and not Shleifer himself.

Persons: Scott Shleifer, —, Chase Coleman, Donald Trump's, Michael Gross, Tiger, Bain, John Curtius, Shleifer, Eric Lane, Evan Feinberg, Griffin Schroeder, Coleman, Sarah Samuels, Samuels, Scott, OpenAI's, Sam Altman's, Altman, Paul Graham Organizations: longtime Tiger Global, Business, Tiger, Walmart, The, Washington Post Locations: Florida, India, Flipkart, New York

☆ Sam Altman enters his power era
▼ + stars: | 2023-11-25 | by ( Michael Cogley | Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

A failed coup at OpenAI saw Sam Altman return as CEO and stronger than ever. The botched coup of OpenAI chief executive Sam Altman has seemingly reinforced his power. Even more astonishingly, Altman lacks the one obvious lever of power that keeps founder-CEOs like Mark Zuckerberg in power: controlling shares in his company. "He's really, really, really good at both being understood, but also understanding and asking thoughtful questions." They acted in their best interest," one OpenAI staffer posted on Blind, a social network site where employees can post anonymously.

Persons: Sam Altman, Altman, —, Mark Zuckerberg, Eduard Cristea, — Mira Murati, Satya Nadella, Greg Brockman, Vinod Khosla, Dan Siroker, Paul Graham, Holofy's, Cristea, Sam, OpenAI, would've, Altman OpenAI, Ilya Sutskever, we've, — Ilya Sutskever, Sutskever, Ilya, we'd, it's Organizations: Service, Microsoft, Stanford, New York Times Locations: OpenAI, Silicon Valley, Silicon

The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board. “The board no longer has confidence in his ability to continue leading OpenAI,” the artificial intelligence company said in a statement. Mira Murati, OpenAI’s chief technology officer, will take over as interim CEO effective immediately, the company said, while it searches for a permanent replacement. While not trained as an AI engineer, Altman, now 38, has been seen as a Silicon Valley wunderkind since his early 20s. Forrester analyst Rowan Curran said Altman's departure, “while sudden,” does not likely reflect problems with OpenAI's business.

Persons: Sam Altman, “, Mira Murati, Altman, what’s, He's, Greg Brockman, Ilya Sutskever, Adam D’Angelo, Tasha McCauley, Helen Toner, Mira, ”, Paul Graham, “ Sam, Graham, ” OpenAI, Elon Musk, Musk, Elon ”, Rowan Curran, ” Curran, Haleluya Hadero, Kelvin Chan, Michael Liedtke, David Hamilton Organizations: Associated Press, OpenAI, Economic Cooperation, Georgetown Center for Security, Emerging Technology, Microsoft Locations: openai, London, Asia, San Francisco, New York

☆ Unrealized losses on bank balance sheets have restricted lending, says Bridge 2 Partners' Graham
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnrealized losses on bank balance sheets have restricted lending, says Bridge 2 Partners' GrahamPaul Graham, lending and data governance practice leader at Bridge 2 Partners, and Aaron Klein, senior fellow in economic studies at The Brookings Institute, join 'The Exchange' to discuss unrealized losses on bank balance sheets leading to tighter lending standards, whether banks should receive a bailout for unrealized losses, and what a TARP 2.0 could look like.

Persons: Graham Paul Graham, Aaron Klein Organizations: Partners, Brookings Institute

☆ AI booster Paul Graham complains of rise in web content that's 'AI generated SEO bait'
▼ + stars: | 2023-09-04 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

The rise of generative AI has been lauded by major figures in tech like Paul Graham. A rapid expansion of AI tools is affecting the way the web looks and is used. AdvertisementAdvertisementEven the tech industry's most noted figures are getting irked by the ways generative AI is capable of degrading reliable and quality content on the web. AdvertisementAdvertisementThe rapid proliferation of Generative AI tools since the launch of OpenAI's ChatGPT less than a year ago has created a number of problems and concerns. The issue of quality is also growing in importance, as AI tools tend to present incorrect information in an authoritative way.

Persons: Paul Graham, That's, Graham, I've, Graham griped, He's, Malte, Ubl Organizations: Google

☆ A famed Silicon Valley VC who left for the UK says he wouldn't live in San Francisco with kids after men fired gunshots a few blocks from his dinner
▼ + stars: | 2023-08-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Y Combinator founder Paul Graham said he wouldn't live in San Francisco with kids due to crime. Graham, who lives in the UK, said he was out for dinner when masked men fired gunshots nearby. Robotaxi companies Cruise and Waymo recently got the go-ahead from the city to offer fully driverless rides 24/7 in San Francisco. Graham and the San Francisco Police Department did not immediately respond to Insider's request for comment about the incident. The San Francisco Chronicle reported that some of this feeling may be down to the public and "brazen" nature of the crimes.

Persons: Paul Graham, Graham, Y, Waymo, Elon Musk, Nordstrom, Bob Lee Organizations: Morning, San Francisco Police Department, City, San Francisco Chronicle, Old Navy, Foods, New York Times, Times Locations: San Francisco, Francisco's, City and County

☆ Reddit throughout the years: Its rise to prominence, recent revolts and IPO plans
▼ + stars: | 2023-07-30 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

The price hikes have led some beloved third-party Reddit apps such as Apollo to shut down, instigating an uproar among the website's community of volunteer moderators, who often rely on third-party apps to run the site's 100,000+ discussion communities, called subreddits. But tensions remain high, and some say that if Reddit doesn't rebuild trust, its most passionate users will go elsewhere. Ohanian rejoined Reddit as executive chairman in 2014 and Huffman rejoined as CEO the next year. But it's not just tech giants who use Reddit's API. These third-party apps are largely just alternatives to Reddit's official mobile app, which didn't even exist until 2016.

Persons: Reddit, David DeWald, Alexis Ohanian, Steve Huffman, Paul Graham, Ohanian, Huffman, Y Combinator, Condé Nast, Debra Aho Williamson, George Floyd's, it's, Apollo, Jakub Porzycki Organizations: University of Virginia, Advance, Facebook, Insider Intelligence, GameStop, AMC, Google, Getty

☆ It's a huge win for Zuckerberg if Threads steals Twitter's lost charm and serendipity
▼ + stars: | 2023-07-09 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +5 min

But making it more popular than Twitter would be a big win for Mark Zuckerberg. Most Twitter users know that the platform comes alive during a breaking news event, such as Russia's invasion of Ukraine in 2022. Those paying average Joes are now prioritized in the feed, devaluing Twitter as a place to discover interesting people. A recurring theme on Threads: It's a nice place to hang out (for now...) Insider/Shona Ghosh/ThreadsThat niceness could be fragile and temporary. Threads may go the same way since, as the internet loves to say, we can't have nice things.

Persons: Mark Zuckerberg, Meta, TikTok's, Zuckerberg, Samuel Beckett, beery louts, Paul Graham, Paul Graham Zuckerberg, Shona Ghosh, Twitter, he'll Organizations: Twitter, Meta, ICE Locations: Ukraine

☆ A prominent venture capitalist said remote work ‘fooled’ leaders because it worked initially
▼ + stars: | 2023-06-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Y Combinator co-founder Paul Graham said remote work "fooled" leaders at the start of the pandemic. Major firms including Amazon, Meta, and Apple have ordered workers back to the office recently. Partly I think because remote work does work initially, if you start with a system already healthy from in-person work ... And partly because it seemed to solve recruiting, which is always a bottleneck." Graham's comments come as a number of major companies reverse their flexible working policies including Amazon, Apple, and Goldman Sachs. Graham joins a list of influential figures who are taking a stand against remote work including Elon Musk who has famously waged a war against the practice calling it "morally wrong."

Persons: Combinator, Paul Graham, Graham, —, Y Combinator, I've, Goldman Sachs, Elon Musk, Musk, Tesla, Scott Galloway Organizations: Amazon, Apple, Service, Twitter, Meta

☆ OpenAI CEO Sam Altman says there's 'too much of an investor frenzy around AI in the short-term' in Silicon Valley
▼ + stars: | 2023-06-07 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +4 min

Altman said there's too much short-term investor frenzy, and not enough long-term vision. "There's crazy stuff happening in Silicon Valley right now," the OpenAI CEO said. OpenAI CEO Sam Altman thinks there's too much investor hype around artificial intelligence in Silicon Valley right now. When asked about the investor AI frenzy, Altman didn't mince words. Funding to generative AI startups alone has jumped 580% in the past three years, according to PitchBook data.

Persons: Altman, there's, Sam Altman, There's, OpenAI, Andreessen Horowitz, Harvey, Langchain, Paul Graham, Graham, hasn't, Elon Musk, we're Organizations: Morning, Indian, Economic Times, Elon Locations: Silicon Valley, India, Europe, Israel, GPT

☆ 'I'll have what they're having' — seagulls like to get a human's recommendation before they steal their food, research shows
▼ + stars: | 2023-06-03 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

New research found that seagulls mimic human food choices, which is why they steal your food. Research by the University of Sussex found gulls studied human behavior and applied the knowledge. But new research suggests that it is a sign of intelligence after scientists at a British university found that the birds mimic human food choices. He added that "gulls may be less likely to steal our food if we focus on reducing litter. That's because littering increases gulls' ability to learn about how our different food options and how they taste."

Persons: —, beachgoers, Paul Graham, Graham Organizations: Research, University of Sussex, Service Locations: British, England, Brighton

☆ Y Combinator founder Paul Graham thinks stock market investors are missing out on the AI boom
▼ + stars: | 2023-06-02 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

In a recent tweet, Graham said he believes all the good AI companies to invest in are still private. This, he said, leaves few options for those public market investors wanting to invest in AI. Paul Graham says public market investors are missing out on a potential way to get in on the AI boom, since all the good companies to invest in are still private. For instance, Google recently led a $100 million round in generative AI startup, Runway, Insider reported. Yet, private investing in AI startup innovations may be where the biggest potential for a huge windfall, as Graham alludes to.

Persons: Graham, Paul Graham, Charles Schwab –, haven't, It's, Google's Bard, ChatGPT Organizations: Nvidia, Microsoft, Morning, Vanda Research, Apple, Google

☆ Microsoft keyboard users are ‘so devastated’ after discontinuation of accessories
▼ + stars: | 2023-05-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

He switched newspapers in 1998 and bought the newer model, the Microsoft Natural Keyboard Elite. A study had shown that 22 out of 23 people preferred the geometry of the Natural Ergonomic Keyboard 4000 over the older Microsoft Natural Keyboard Pro. In 2022, he bought a Microsoft Ergonomic Keyboard for his house in Palm Beach Gardens, Florida, and another one for when he was working at a client's office. Zoom In Icon Arrows pointing outwards From top to bottom, Matt Steinhoff's home collection includes the Microsoft Ergonomic Keyboard he uses every day, a Microsoft Natural Ergonomic Desktop 7000 keyboard someone gave him and his old Microsoft Natural Ergonomic Keyboard 4000, which he keeps around as a backup. The model costs $129.99 on Amazon, twice the price of the discontinued Microsoft Ergonomic Keyboard.

☆ Airbnb CEO shares the best advice he's ever received—it's 'counterintuitive to almost everything everyone says’
▼ + stars: | 2023-05-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

A single piece of advice from an investor helped Airbnb CEO Brian Chesky grow his company from a struggling startup to an industry giant worth roughly $70 billion. That's according to Chesky himself, who told attendees at a recent Stanford Graduate School of Business event that it was "the best piece of advice I ever got." The advice: "Focus on 100 people that love you, rather than getting a million people to kind of like you," Chesky said. It came courtesy of Paul Graham, the co-founder of tech startup accelerator Y Combinator, who advised Airbnb's co-founders — Chesky, Joe Gebbia and Nathan Blecharczyk — to focus on a tiny audience of potential customers as they built their company. For early Airbnb, that meant creating experiences for guests that stood out from staying at a hotel or crashing on a couch.

☆ Who is Sam Altman? The man behind ChatGPT is about to have his moment on Capitol Hill
▼ + stars: | 2023-05-15 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —For a few months in 2017, there were rumors that Sam Altman was planning to run for governor of California. Altman, the CEO and co-founder of OpenAI, the artificial intelligence company behind viral chatbot ChatGPT and image generator Dall-E, is set to testify before Congress on Tuesday. Maybe I’m wrong?’ Thank God someone with so much power has so much humility.”Others want Altman and OpenAI to move more cautiously. OpenAI co-founder & CEO Sam Altman speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 03, 2019 in San Francisco, California. Similar generative AI technology is quickly finding its way into productivity and search tools used by billions of people.

☆ I quit Goldman Sachs after only a year. Here's how I knew leaving for a tech startup was the right career move.
▼ + stars: | 2023-05-15 | by ( Chris Hladczuk | ) www.businessinsider.com time to read: +8 min

Chris Hladczuk leads growth at Meow, a fintech startup, after quitting Goldman Sachs. I picked a weird day to quit — it was my 24th birthday and I called my boss to tell her I was leaving Goldman Sachs. The power of Goldman SachsI love Goldman because it taught me how to win. With my future career in mind, is my pace of learning higher at Goldman in investment banking or at an early-stage startup? Chris Hladczuk currently leads growth at fintech startup Meow.

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

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