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☆ Microsoft's partnership with OpenAI was 'basically a bet,' says CTO Kevin Scott
▼ + stars: | 2024-05-07 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewMicrosoft's chief technology officer said partnering with OpenAI was "basically a bet" on Sam Altman's company. Kevin Scott gave insight into his decision-making that led to Microsoft's alliance with OpenAI in 2019 on an episode of Reid Hoffman's podcast "Possible" last week. This story is available exclusively to Business Insider subscribers. It was sent just weeks before Microsoft announced its $1 billion investment in OpenAI and subsequent partnership. Microsoft didn't immediately respond to a request for comment from Business Insider, sent outside normal working hours.

Persons: —, OpenAI, Sam Altman's, Kevin Scott, Reid, Scott, who's, Bill Gates, Satya Nadella, OpenAI's, Turing, Phi Organizations: Service, OpenAI, Business, Microsoft, Department, Google, MAI Locations: OpenAI

☆ Microsoft Makes a New Push Into Smaller A.I. Systems
▼ + stars: | 2024-04-23 | by ( Karen Weise | Cade Metz | ) www.nytimes.com time to read: 1 min

systems, the tech industry’s mantra has been bigger is better, no matter the price tag. Now tech companies are starting to embrace smaller A.I. On Tuesday, Microsoft introduced three smaller A.I. The smallest Phi-3 model can fit on a smartphone, so it can be used even if it’s not connected to the internet. And it can run on the kinds of chips that power regular computers, rather than more expensive processors made by Nvidia.

Organizations: Microsoft, Phi, Nvidia

☆ Meet Jenn Tran, the star of season 21 of 'The Bachelorette'
▼ + stars: | 2024-03-26 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Jenn Tran was announced as the star of season 21 of "The Bachelorette." AdvertisementJenn Tran didn't find love with Joey Graziadei on season 28 of "The Bachelor," but she's getting a second chance at romance as the star of the upcoming season of "The Bachelorette." AdvertisementAlthough Bachelor Nation got to know Jenn a bit on "The Bachelor," she teased that there's "a lot that you don't know about me yet." Related storiesAhead of the season 21 premiere in July, here's what to know about Jenn. We'll find out plenty more about the newest Bachelorette when her season premieres on ABC this summer.

Persons: Jenn Tran, —, Jenn Tran didn't, Joey Graziadei, Tran, I've, Jenn, She's, Peter Parker, Taylor, Jonas, Shawn Mendes, We'll Organizations: Service, University of Wisconsin — Madison, Red, Alpha Phi Foundation, Instagram, Gillette, ABC Locations: Miami, Greece, Italy, Bahamas, Massachusetts

☆ Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month
▼ + stars: | 2024-03-06 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov. The government said it wants to sell the $230 million yacht due to the "excessive costs" of maintenance and crew, which it said could total $922,000 a month. European Commission President Ursula von der Leyen said last week that the European Union should use profits from more than $200 billion of frozen Russian assets to fund Ukraine's war effort. Yet, nearly two years later, the legal process for proving ownership of the Russian assets and selling them has proven to be far more time-consuming and costly.

Persons: Suleiman Kerimov, Ursula von der Leyen, Vladimir Putin, Eugene Shvidler, Sergei Naumenko, Phi Organizations: U.S, U.S . Department of Justice, Amadea, European Union Locations: San Diego , California, Amadea, Ukraine, European, London, Russian

☆ Meet the JPMorgan executive emerging as a dark horse to succeed Jamie Dimon
▼ + stars: | 2024-01-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

Read previewA longtime JPMorgan executive who has kept a low public profile while cultivating a reputation as a successful trader with a talent for managing risk is emerging as a contender to succeed Jamie Dimon as chief executive. His new position through the internal shuffle has vaulted him more publicly and prominently into the most closely watched succession race on Wall Street. JPMorgan executive David Hudson told the publication that he returned to JPMorgan after working at Nomura in 2010 "to work for Troy." Rohrbaugh's other stops at JPMorgan have been head of global markets and head of macro markets. A senior JPMorgan executive who works with Rohrbaugh recalled that time during the pandemic.

Persons: —, Jamie Dimon, Dimon, Troy Rohrbaugh, Jennifer Piepszak, Wall, Marianne Lake, Rohrbaugh, Goldman Sachs, Euromoney, Eddie Wen, David Hudson, He's, Gary Gensler's, Goldman, Cantor Fitzgerald, Tim Soulas, Cantor, Johns Hopkins, you've, he'll, Kaja Whitehouse, Alex Morrell Organizations: Service, JPMorgan, Wall, Business, CIB, North America, Goldman, Nomura, Troy, Federal Reserve Bank of New, Global, Securities, Exchange, Banque Nationale, CooperNeff, Philadelphia Stock Exchange, World Trade Center, New York Daily News, Gilman School, Johns Hopkins University, Alpha Delta Phi, Baltimore Sun, Bloomberg Locations: Dimon, North, JPMorgan's, Canadian, Manhattan, Baltimore, Maryland, New York

☆ What to know about Daisy Kent, the 'Bachelor' contestant who opened up about her cochlear implant on the season's first 1-on-1 date
▼ + stars: | 2024-01-30 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +5 min

Daisy Kent got the first one-on-one date with Joey Graziadei on "The Bachelor" season 28. Daisy opened up to Joey about her hearing loss and having a cochlear implant. Daisy started losing her hearing as a teenagerDuring the evening portion of their one-on-one date, Daisy opens up to Joey about her hearing loss. AdvertisementDaisy is a published authorIn addition to her hearing loss advocacy, Daisy is also trying to improve representation in other ways. She wrote a children's book called "Daisy Doo: All the Sounds She Knew," to help children diagnosed with hearing loss.

Persons: Daisy Kent, Joey Graziadei, Daisy, Joey, —, CBS8, she's, Instagram, It's Organizations: Service, San Diego State University, Alpha Phi, ABC Locations: Minnesota, San Diego, Becker , Minnesota, San Diego , California, Jungo, Lyme

Read previewThe firing and rehiring of OpenAI CEO Sam Altman has undone months of effort by Microsoft to avoid antitrust regulators probing its massive investment in the startup. It's tough to keep a huge business partnership like this out of what can be intense scrutiny from antitrust regulators. Nadella agreed to give Altman and Brockman their own research arm at Microsoft, if he couldn't negotiate their return to OpenAI. Another interpretation is that Microsoft is keen to show antitrust regulators that OpenAI is an independent company, and not controlled by the software giant. AdvertisementDo you work for OpenAI or Microsoft, or are you someone with a tip or insight to share?

Persons: —, Sam Altman, Lina Khan, OpenAI, Altman, Satya Nadella, Kevin Scott didn't, Kevin, Satya, Microsoft's, Brad Smith, Frank Shaw, Sam, Nadella, Altman's, Greg Brockman, Brockman, Amy Hood, ChatGPT, doesn't, Kali Hays, Ashley Stewart, Darius Rafieyan Organizations: Service, Microsoft, Business, FTC, OpenAI, Activision, Blizzard, Markets, Bloomberg, Chief Locations: OpenAI, khays@insider.com, astewart@insider.com

☆ Microsoft assures investors it's spreading its AI bets beyond just OpenAI
▼ + stars: | 2023-12-07 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

AI was a major focus of questions from Microsoft investors during the event. AdvertisementOn Thursday, Microsoft executives made a point to assure investors that it has many irons in the fire when it comes to AI, not just OpenAI. Microsoft Chief Financial Officer Amy Hood jumped in to emphasize the company has AI partners beyond OpenAI. AdvertisementAs Business Insider recently reported, the chaos at OpenAI caused some partners to start looking for a "plan B" for their AI model needs. Are you an OpenAI, or Microsoft employee, or someone with a tip or insight to share?

Persons: —, OpenAI, Sam Altman, Altman, Satya Nadella, Nadella, Amy Hood, Hood, Ashley Stewart Organizations: Service, Business, Microsoft Locations: OpenAI, astewart@insider.com

Supporting nonprofits on GivingTuesday this year could have a bigger impact than usual. Many nonprofits will run matching campaigns, meaning a supporter has pledged to double or sometimes triple the donation of other, smaller donors. That would follow the trend of charitable giving in 2022, which dropped for only the fourth time in 40 years. Other nonprofits, though, aim to rally support from the communities they seek to serve, and GivingTuesday can help with that. ___Associated Press coverage of philanthropy and non-profits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Tim Pries, “, ” Pries, Amy Pirozzolo, ” Pirozzolo, Natasha Andrews, they've, ”, Ciara Coleman, ” Coleman, Jacob Qualls, he's, Qualls Organizations: Area, Fidelity Charitable, DAF, Fidelity, National, of America, Alpha Phi Alpha, mater, Morehouse College, Associated, Lilly Endowment Inc, AP Locations: Indiana, Fort Wayne, New Orleans, Chicago

☆ Five facts about Morgan Stanley's new CEO Ted Pick
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Morgan Stanley FollowNEW YORK, Oct 25 (Reuters) - Morgan Stanley (MS.N) chose Ted Pick to succeed its longtime leader James Gorman as CEO, effective Jan. 1. Here are five key facts about Pick, who was seen as the front runner before the announcement on Wednesday:1) Pick has been co-president of Morgan Stanley for the past two years. As head of the institutional securities group, he oversaw investment banking, equities, fixed income, capital markets and research. 4) After joining Morgan Stanley in 1990, Pick was promoted to managing director in 2002 and joined the management committee in 2008.

Persons: Morgan Stanley, Brendan McDermid, MS.N, Ted Pick, James Gorman, Pick, Nupur Anand, Lananh Nguyen, Sonali Paul Organizations: New York City , New York U.S, REUTERS, Phi Beta Kappa, Middlebury College, Harvard Business School, Metropolitan Museum of Art, Thomson Locations: New York City , New York, New York

☆ A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.
▼ + stars: | 2023-08-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Scheherazade, a $700 million superyacht linked to Russian President Putin, is being refitted in Italy. Italy seized the yacht in 2022 following sweeping sanctions against Russia over the Ukraine war. A $700 million superyacht reportedly linked to Russian President Vladimir Putin is sitting in an Italian port and being refitted on the unnamed owner's dime, the Financial Times reported Sunday. US authorities believe the superyacht could belong to Putin, The New York Times reported in March last year. Other Russian oligarch-linked yachts that have been seized include the $81 million Alfa Nero and the $48 million Phi.

Persons: Putin, Vladimir Putin, It's, Eduard Khudainatov, Alexei Navalny, Nero Organizations: Russia, Financial Times, Marina di, Sea Group, Bloomberg, The New York Times, Kremlin, Phi, Italian Sea Group Locations: Italy, Ukraine, Marina, Milan, Russian

☆ Russian businessman loses appeal against UK over detained superyacht
▼ + stars: | 2023-07-21 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

[1/2] Detained Russian-owned superyacht Phi is seen in West India and Millwall Docks in London, Britain March 29, 2022. REUTERS/Tom Nicholson/File PhotoLONDON, July 21 (Reuters) - A wealthy Russian businessman on Friday lost a legal challenge against Britain over the detention of his $50 million superyacht. Sergei Naumenko's 58.5 metre yacht Phi was detained in London under the government's Russian sanctions in March 2022, the first time the regulations had been used to detain a ship. He said he was targeted simply because he was a wealthy Russian, despite the fact that he had no involvement in Russian politics or any connection with Putin. Cranston accepted Shapps was wrong to describe Naumenko as a friend of Putin, but said it was "excusable political hyperbole".

Persons: Tom Nicholson, Sergei Naumenko's, Grant Shapps, Vladimir Putin, Naumenko, Putin, Judge Ross Cranston, Mr Naumenko, Cranston, Shapps, Paul Dickie, Sam Tobin, Philippa Fletcher Organizations: Millwall Docks, REUTERS, Britain, Phi, St, Britain's Department of Transport, London's, Thomson Locations: Russian, West India, London, Britain, St Kitts, Nevis, Ukraine, Russia

☆ A wealthy Russian businessman claims the UK detained his $50 million superyacht to look 'tough'
▼ + stars: | 2023-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Russian businessman claimed the UK detained his superyacht to look "tough," Bloomberg reported. The $50 million vessel was detained by the UK last March, though its owner hasn't been sanctioned. A wealthy Russian businessman who wasn't featured on any sanctions lists following Russia's invasion of Ukraine has claimed the UK detained his luxury superyacht to look "tough," Bloomberg reported. In late March this year, Naumenko sued the UK's transport department, asking the court to let him move vessel and award him undisclosed damages. He added that Phi's owner was "guilty by association of his passport only" and had "never been connected with anyone" who was sanctioned.

Persons: hasn't, wasn't, hadn't, Sergei Georgievich Naumenko, Vitaly Vasilievich Kochetkov, Naumenko, Grace Dean, Nigel Giffin, Vladimir Putin, Putin's, Jason Pobjoy, Grant Shapps, Phi, Putin, Pobjoy, Shapps, Royal Huisman Organizations: Bloomberg, Morning, Phi, Crime Agency, UK, Financial Times, Motiv Telecom, UK's Department, Transport, Department Locations: Russian, London, Ukraine, Russia, Canary Wharf

☆ He crushed the bar exam, but the legal profession remains disproportionately White
▼ + stars: | 2023-07-02 | by ( Meron Moges-Gerbi | ) edition.cnn.com time to read: +7 min

In most states you would have to get at least a 260 score on the bar exam to pass. This year the minimum passing score for the Maryland bar exam is 266, according to the National Conference of Bar Examiners. The LSAT costs more than $200 and the bar exam is close to $1,000. The non-profit also offers programs to introduce undergraduate and high school students to law school and other legal career opportunities. Those responsibilities can lead to less time to prepare for the bar exam, which is extremely important because the bar exam decides how well you are prepared for the exam and not how well you know the law, George said.

Persons: Matthew Graham, Thurgood Marshall, Marshall, Graham, ” Graham, Ciara Graham, Celine Graham, Genise Thomas, I’ve, Verna Williams, It’s, ” Williams, Williams, Angela Winfield, Winfield, “, ” Winfield, ” “, Erika George, ” George, George, Ciara, Celine, Matthew, Genise Thomas Graham, Black, doesn’t Organizations: CNN, Black, Alpha Phi Alpha, American, American Bar Association, National Conference of Bar, Maryland, Washington DC, “, The Law, Princeton, University of Utah’s, Quinney College of Law, University of Baltimore School of Law Locations: Baltimore , Maryland, Maryland

☆ Australia's Medibank faces fourth class-action lawsuit over cyberattack
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Australia's Medibank Private Ltd (MPL.AX) said on Thursday it was facing a fourth shareholder class-action lawsuit over a cyberattack incident last year that exposed the personal data of 9.7 million current and former customers. Earlier in the week, the country's banking regulator told Medibank to set aside A$250 million ($165.30 million) in extra capital, something analysts believe will affect the firm's ability to pay capital returns to shareholders. The proceedings were filed by Sydney-based law firm Phi Finney McDonald on behalf of people who held interest in Medibank shares between Sept. 10, 2020 and Oct. 25, 2022. The company intends to defend the proceedings, it said in a statement. ($1 = 1.5124 Australian dollars)Reporting by Poonam Behura in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Medibank, Phi Finney McDonald, Poonam, Anil D'Silva Organizations: Sydney, Thomson Locations: Bengaluru

It also partners with Costco to offer Canadian members discounts on any Pets Plus Us Pet Insurance plan. Types of Pet Insurance Plans from Pets Plus UsPets Plus Us coverage is offered in a few different tiers, which include a starter tier of accident-only coverage. To file a claim with Pets Plus US, you can:Submit a claim online at Portal.PetsPlusUs.comBegin a claim by emailing submissions@petsplusus.comFax claims information to 1-855-456-PETS (7387)You can also file a pet insurance claim through the mail using the following address:Pets Plus UsSuite #400, 710 Dorval DrOakville, ON L6K 3V7Pets Plus Us Pet Insurance FAQsDoes Pets Plus Us offer pet insurance plans in the United States? Methodology: What Went into Our Pets Plus Us Pet Insurance ReviewBefore we wrote this Pets Plus Us review, we gathered information from more than 20 pet insurance providers offering similar pet health coverage. Pets Plus Us Pet Insurance Competitors PetSecure Pet InsurancePHI Direct Pet InsuranceFetch Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

MAYA BAY, Thailand, March 27 (Reuters) - On any given day in Thailand's Maya Bay, up to 40 blacktip reef sharks cruise in the cyan shallows while about 4,000 tourists visit its white-sand beach flanked by towering cliffs. Marine researcher Metavee Chuangcharoendee said that thanks to the pause in tourism the island was once again functioning as a nursery for young sharks. A number of factors affect the sharks around Phi Phi Leh Island, including seasonal movement patterns and human activity like fishing, Metavee said. For Phi Phi Island National Park, annual revenue was almost halved from 638.3 million baht ($18.7 million) in 2018 to 373.6 million baht in 2019 after authorities closed the beach. "If you can create a new image of Maya Bay as a nature reserve ...

☆ Nations reach accord to protect marine life on high seas
▼ + stars: | 2023-03-05 | by ( ) www.cnbc.com time to read: +5 min

The U.N. Convention on the Law of the Sea came into force in 1994, before marine biodiversity was a well-established concept. The treaty will create a new body to manage the conservation of ocean life and establish marine protected areas in the high seas. "For the first time, we are getting a binding agreement for the high seas, which until now have hardly been protected," Lemke said. Several marine species — including dolphins, whales, sea turtles and many fish — make long annual migrations, crossing national borders and the high seas. The high seas have long suffered exploitation due to commercial fishing and mining, as well as pollution from chemicals and plastics.

Four people were arrested in connection with the alleged rape of Madison Brooks, a Louisiana State University student who was fatally hit by a car shortly after the suspects dropped her off in an East Baton Rouge subdivision. Lee is Washington's uncle, the East Baton Rouge Parish Sheriff's Office said. Carver told investigators that he, his friends and Lee did not know Brooks prior to meeting her at Reggie's, the report said. When they were about to leave, Brooks asked for a ride home, Carver told detectives. He told CBS affiliate WAFB of Baton Rouge that a rape did not occur.

☆ Sister of murdered Idaho student, Kaylee Goncalves, says it's chilling to learn 'true evil was watching'
▼ + stars: | 2023-01-09 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +4 min

I had no idea that true evil was genuinely watching them,” Alivea Goncalves, 26, sister of victim Kaylee Goncalves, 21, said in an interview with NewsNation on Sunday. "That’s really difficult, it’s really difficult, not to wish that you had done more and wish that you had known more." A private security officer sits in a vehicle on Jan. 3 in front of the house in Moscow, Idaho, where four University of Idaho students were killed in November. It's unclear if Alivea was there, but she told NewsNation she plans to be at "every single" hearing throughout the case. In a previous interview with NBC's “TODAY,” Alivea Goncalves called her sister “the ultimate go-getter.”

☆ Connecticut lawmaker killed in tragic collision hours after being sworn in
▼ + stars: | 2023-01-06 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

A Connecticut lawmaker died hours after being sworn in as state representative. Lawmakers mourned state Rep. Quentin "Q" Williams following the announcement of his death. The collision occurred around 12:45 a.m. local time just outside of Middletown, Connecticut, on Route 9 in a town called Cromwell. The 39-year-old lawmaker, state Rep. Quentin "Q" Williams of Middletown in the 100th District, a Democrat serving in the Connecticut General Assembly, had been sworn in on Wednesday. The Connecticut State Police and Williams' office did not immediately respond to Insider's request for comment.

☆ Asian Americans heavily favored Warnock in Georgia runoff, exit poll shows
▼ + stars: | 2022-12-08 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Asian American voters in Georgia showed strong Democratic lean in the recent Senate runoff election, according to one exit poll. “I think there is a risk of losing folks if they take voters for granted.”For the exit poll, the organization surveyed 337 Asian American voters across DeKalb, Fulton and Gwinnett counties at five key, high-Asian American precincts. Nguyen emphasized that political opinions across the electorate are far from monolithic, pointing to the poll’s breakdown of Asian American voters by age. Polling occurred in areas with a higher-density Asian American voters, which tend to skew Democrat. Nguyen similarly noted that in the Atlanta area, voters heavily favored Warnock.

☆ What we know about the 4 Idaho college students found dead in an off-campus home
▼ + stars: | 2022-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +4 min

The killings of four University of Idaho students Sunday elicited shock and sadness on campus, in the college city of Moscow, Idaho, and beyond. Mogen planned to move to Boise after graduating this spring, family friend Jessie Frost told the Idaho Statesman newspaper. Chapin had just turned 20, and was a triplet, his parents, Stacy and Jim Chapin, told NBC affiliate KING of Seattle. “Everything we do, is all of us, together,” Stacy Chapin told the station. “I am lucky to have had her as a sister,” her sister, Jazzmin Kernodle, said in a statement.

Officers investigate the deaths of four University of Idaho students at an apartment complex south of campus Monday. The slain students were identified Monday as Ethan Chapin, 20; Madison Mogen, 21; Xana Kernodle, 20; and Kaylee Goncalves, 21. In a memo to students, university President Scott Green said he and his wife were "heartbroken." Kernodle, of Post Falls, Idaho, was a junior and a member of the Pi Beta Phi sorority majoring in marketing. And Goncalves, of Rathdrum, Idaho, was a senior and a member of the Alpha Phi sorority majoring in general studies.

☆ No clear answers in deaths of 4 Idaho students found dead near campus, mayor says
▼ + stars: | 2022-11-15 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

The mayor of a small Idaho town where four college students were found dead said the “senseless” killings could be blamed on "most any scenario." In a memo to students Monday, University of Idaho President Scott Green said he and his wife were "heartbroken" over the deaths. Kernodle, of Post Falls, Idaho, was a junior and member of the Pi Beta Phi sorority majoring in marketing. Mogen, of Coeur d’Alene, Idaho, was also a member of the Pi Beta Phi sorority and a senior majoring in marketing. And Goncalves, of Rathdrum, Idaho, was a senior and member of the Alpha Phi sorority majoring in general studies.

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