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I'm a working mom who incorporates solo trips into my business travel. a working mom who incorporates solo trips into my business travel. My heart skipped a beat, and my not-so-new best friend, "mom guilt," walked through the door. AdvertisementBut while traveling with children is fun, I missed the spontaneity and the flexibility of solo travel. The sense of calmness was a feeling I rarely find as a working mom, and I loved it.
Persons: I'm, , we've, I've, Spriha Srivastava, Lean, he'll Organizations: Service, British Psychological Society, Pew Research, Metropolitan Museum of Art Locations: New York, Manhattan, China, Angkor Wat, Cambodia, Singapore
But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.
Persons: , Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat
AI is set to transform leaders as well as the people they manage. NEW LOOK 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 . AdvertisementAI isn't just going to change your job — it's going to change your manager too. This story is available exclusively to Business Insider subscribers.
Persons: , it's, Fabian Stephany Organizations: Service, Oxford Internet Institute, Business
India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.
Persons: , Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine
A freed Israeli hostage held in Hamas tunnels described her 55-day captivity to Business Insider. "I know for a fact that it's getting worse and worse and worse every day," she said of those left. AdvertisementAn Israeli hostage held underground by Hamas said the conditions in the tunnels were so bad that she would always be hungry and got to shower only once a week, with cold water. Nili Margalit, 41, was taken hostage during Hamas' October 7 terrorist attacks on Israel. ReutersRelatives of the hostages have held protests, calling on Israeli authorities to do more to release their loved ones.
Persons: Nili Margalit, , Margalit, Insider's Spriha Srivastava, Noam Peri, Haim Peri, Peri, Benyamin Netanyahu Organizations: Service, Reuters, Economic, Jerusalem Post Locations: Israel, Davos, Switzerland, Jerusalem
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRecent advances in generative AI, spurred by OpenAI's ChatGPT , mean the technology is now a much bigger problem. In the UK, research by Fenimore Harper Communications found more than 100 deepfake video ads impersonating Prime Minister Rishi Sunak on Facebook. Though it's not clear exactly who is behind the deepfakes in the US and UK, the recent proliferation of AI means almost anyone with internet access and an AI tool can cause some havoc. Earlier this month, OpenAI unveiled its plans to prevent the misuse of AI ahead of this year's elections.
Persons: , Ethan Mollick, OpenAI's ChatGPT, Joe Biden, Deepfake robocalls, Joe Biden's, Drew Angerer, Biden, Rishi Sunak, Leon Neal, Fenimore Harper's, Meta, it's, Mollick, OpenAI, Lisa Quest, Oliver Wyman, Spriha Srivastava Organizations: Service, Business, Voters, Wharton, NBC News, PLOS, Fenimore Harper Communications, Facebook, UK, Ireland Locations: Britain, India, Mexico, New Hampshire, Turkey, Malaysia, Philippines, United States, Davos
AI needs to radically change work before it can help workers, a future of work expert says. He said leaders needed to "redesign work" before AI could make workers more productive. Instead, he said incorporating the tech would take lots of effort to "redesign work and everything that surrounds work to get to some of the gains." Several, including AT&T and Deloitte, have introduced their own GPT-backed tools to help workers boost workers productivity. "Many of our leaders don't have the right mindset to redesign work humanistically as opposed to just looking for the opportunity to drive the next dollar of profit," he said.
Persons: Ravin Jesuthasan, , Ravin, Mercer, Jesuthasan Organizations: Davos, Service, Deloitte Locations: Davos
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "I think they have more of an attitude of work to live as opposed to live to work that many of us grew up with. Gen Z have watched on as millennials struggled through economic hardships including multiple recessions and a pandemic which have put a dent in their income and dreams of home ownership. Gen Z has often received flak for their flippant attitude to work, with one survey last year finding that 74% of managers say they're the most challenging generation to work with. However, Gen Z are, in fact, facing setbacks because of high levels of inflation and rising prices.
Persons: , Ravin, Mercer, Z, Jesuthasan, Gen Zers, they're, it's, Whoopi Goldberg, Gen Organizations: Service, Business, Economic, millennials Locations: Davos, Switzerland, West
BINigel Vaz, CEO of Publicis Sapient, a consulting firm, compares the buzz around AI to the early days of the internet. BINela Richardson, chief economist at ADP, told BI there's a big learning gap on what constitutes AI. Much of what is being called "generative AI" has been around for decades, while much of what workers think is AI is actually automation. Similarly, Guru Gowrappan, CEO of ViaSat, a communications operator, says many companies are just talking about AI at Davos — but not actually doing much with it. And some of them are just recategorizing what they were doing to call it AI," he tells BI.
Persons: , I've, Davos — I've, Sheila Warren, there's, Warren, Nigel Vaz, Publicis, Vaz, Bain, Nela Richardson, Richardson, Ivana Bartoletti, Guru Gowrappan, Gowrappan Organizations: Service, Economic, Business, Davos —, Crypto, VR, Infosys, IBM, Accenture, Consulting, ADP, Wipro, ViaSat, Davos Locations: Davos
I'm attending the World Economic Forum in Davos, Switzerland. Taking the train from Zurich to Davos makes for a picturesque journey. AdvertisementSome of the world's wealthiest and most powerful people are landing in Davos, as the Swiss ski resort gets ready to host the World Economic Forum. Business InsiderI'm not a morning person but the views in Davos got me out of my apartment for a walk. The World Economic Forum holds its annual meeting in Davos.
Persons: I'm, , I've, Hans Zimmer Organizations: Economic, Service, Business Locations: Davos, Switzerland, Swiss, Zurich
But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.
Persons: , Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York
Threads feels a lot like joining Twitter in its early days. A lot of its energy comes from people enjoying watching the downfall of Twitter. Threads feels like the early days of Twitter. MetaBut it differs from Threads in one important way: Early Twitter was also...kind of lonely. Like a lot of others on Threads right now, the new app harks bark to brighter days of early Twitter — hopefully the calm doesn't turn into chaos.
Persons: Hasan Chowdhury Organizations: Twitter Locations: Meta
The Chinese city of Tianjin is hosting the World Economic Forum's "Summer Davos." Chinese Premier Li Qiang opened the conference, acknowledging global challenges and warning about future public health crises. Saudi Arabia has sent a top delegation to the event, reflecting the importance of its oil trade relationship with China. C-suite executives, government officials, and media members from all over the world have made their way to attend the first in-person World Economic Forum, or WEF, event in China since the pandemic began. The WEF's three-day "Summer Davos" will see over 1,500 participants discuss topics centered around "Entrepreneurship: The driving force of the global economy."
Persons: Li Qiang, , Li, PASCAL BITZ, Xi Jinping Organizations: Service, Entrepreneurship, New, People's, Economic, China's, Financial Times Locations: Tianjin, Davos, Saudi Arabia, China, Local, People's Republic of China, Kingdom
The US-China trade war has impacted manufacturing exports, particularly in the semiconductor industry. Opening Plenary with Li Qiang, Premier of the People's Republic of China World Economic Forum/Benedikt von LoebellWhy does de-risking matter? According to the Peterson Institute for International Economics, the trade war of 2018-19 devastated US exports to China. A big sticking point for the two nations is the US manufacturing exports to China. "Prior to the trade war, manufacturing was 44 percent of total US goods and services exports to China — the largest component of pre-trade war commerce.
Persons: Li Qiang, Li, , Ursula von der Leyen, Benedikt von Loebell, Trump, Morgan, JP Morgan Organizations: Service, European, Economic, Peterson Institute for International Economics, Peterson Institute, Semiconductor Industry Association Locations: China, West, Davos, Tianjin, decouple, People's Republic of China, China —, East Asia, Taiwan, South Korea
These five people used the tools to make content including a song and a commercial. A song for EurovisionInsider's Chloe Pantazi was underwhelmed by this year's Eurovision song contest. But ChatGPT gave him the space to experiment with the writing in a way he didn't feel comfortable with before. Insider produced a step-by-step guide of how to use it and Craiyon, another free tool that uses AI to generate images. Read more: I used Lensa, the chart-topping app, to make myself a masterpiece digital work of art — here's how it works
Persons: , ChatGPT, Chloe Pantazi, Sweden's, Pantazi, Spriha Srivastava, Luke Skywalker, Darth Vader, Matt Huculak, Huculak, Read, Elon Musk, . DALL, OpenAI, Lensa, Bethany Biron, Elizabeth Holmes, Biron Organizations: Service, Eurovision, University of Victoria, University of Cambridge Locations: British Columbia, Canada, Cambridge
Sam Altman said he worried creating ChatGPT was "something really bad" given the risks AI poses. OpenAI CEO Sam Altman has admitted to losing his sleep over the dangers of his creation ChatGPT. In a conversation during a recent trip to India, Sam Altman said he worries the over the idea that he may have done "something really bad" by creating ChatGPT, which was released in November and sparked a surge of interest in AI. The risks are highA number of tech leaders and government officials have raised concerns about the pace of development of AI platforms. Earlier this month, Altman was among more than 350 scientists and tech leaders who signed a statement expressing deep concern over AI risks.
Persons: Sam Altman, Satyan Gajwani, Altman, Elon Musk, Steve Wozniak Organizations: Times Internet, Morning, Economic Times, Life Institute, Elon, Apple Locations: New Delhi, Israel, Jordan, Qatar, UAE, India, South Korea
Millennials and Gen Zers are "extremely or very" concerned about how AI will affect their careers. Gen Zers haven't lived through as many tech evolutions as Gen Xers and Boomers. Indeed, Insider's UK bureau chief, Spriha Srivastava, has written how the flurry of Gen AI tools is getting out of control , creating a generational divide. These types of efforts are meant to help "demystify the impact that Gen AI has on our jobs," Torchia said. "We have a responsibility to train people on how to responsibly use Gen AI to get work done."
Persons: Millennials, Zers, Gen Zers haven't, Xers, Sandy Torchia, Gen Zers, Gen Xers, Torchia, they've, They've, Torchia siad, Spriha Srivastava, Matt Turner, There's Organizations: Service, KPMG Talent Survey, Boomers, Insider's, PwC, KPMG
The US didn't always have the clean air many of us are used to. This week I didn't expect my texts to be about air quality. New Yorkers and others are getting a taste of what it can be like to live in Doha, Qatar, and Shanghai, where at least air pollution appears to be improving. When the first Earth Day took place in April 1970, air pollution was a major problem in most US cities. Those actions have since made such a difference that many of us are now shocked by what poor air quality looks like.
Persons: , I'm, he'd, Spriha Srivastava, Eric Adams, Julia LeMense, wasn't, Nixon, Robert Kremens, Rachel Carson's, Kremens, I've Organizations: Service, Yorkers, . New York, Wednesday, World Health Organization, Chester, Carlson Center, Imaging Science, Rochester Institute of Technology, Act Locations: York, New York, New York City, Manhattan, Detroit, Washington, Lahore, Pakistan, Hotan, China, Bhiwadi, India, Delhi, , New York City, . New, it's, Doha, Qatar, Shanghai, Donora , Pennsylvania, Cleveland, LA, Rochester , New York, Montana, Utah
I spent more than two decades of my life in Delhi and battled with poor air quality every day. New York's smog situation brings back memories of what it was like growing up in Delhi. I spent more than two decades in the Indian capital and saw its air quality go from bad to worse. I stopped going to the doctor because they would often attribute this to "severe air pollution" and tell me to resort to home remedies. There are more than 11 million registered vehicles in Delhi and they play a big role in the unhealthy air quality.
Persons: they've, Spriha Srivastava Organizations: Service Locations: Delhi, New York, New Delhi, India
10 Things in Tech: Apple's big metaverse push
  + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.
Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai
That was the verdict a top tech executive shared with me recently, describing the impact he predicted AI would have on the workforce. The unfolding situation has the potential to cast Onofrio as a real-estate confidence man for the influencer age. Also read:Wall Street's new normalPeople walk by a Lamborghini car along Wall Street in Manhattan. In that environment, any fool — or anyone on Wall Street — could buy almost any asset, sit back, and watch its value increase. Wall Street is hoping that — and investing like — we're going back to that era sometime soon.
Persons: Matt Turner, Nicholas Braun, Greg Hirsch, AI's, Lance McMillan, Matt Onofrio, he'd, Spencer Platt, There's, Insider's Linette Lopez, ANDREW CABALLERO, REYNOLDS, OPMs, Spriha Srivastava, OpenAI, Nicole Miranda, Elizabeth Holmes, Hallam Bullock, Bob Bryan, Hana R, Alberts Organizations: Toronto Star, Getty, Lamborghini, Getty Images, Tech Locations: California, Midwest, Manhattan, Washington ,, Florida
There's a sense of déjà vu, similar to the digital revolution, and it's led to a generational divide. Tech leaders are also worried. While in many instances these digital innovations brought people closer, helped families bond, and gave people a tool to voice their feelings and opinions, for many others, it created a divide between generations — a digital divide. The letter read: "We call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4. This can result in a digital divide, where some people have limited access to technology or lack the necessary digital skills to effectively engage with AI systems and other emerging technologies.
Persons: It's, it's, Bard, , haven't, Mona Lisa, Elon Musk, Steve Wozniak, Sam Altman, OpenAI, Bill Gates, aren't, Spriha Srivastava Organizations: Tech, Facebook, Twitter, Adobe, Life Institute, Elon, Apple
The challenge is coming up with new stories, so I used ChatGPT to come up with bespoke, fun tales. With the help of our son, we write prompts for ChatGPT and then read that story before sleep time. And so, I tapped my new friend for help – ChatGPT. They have pros and cons, but when ChatGPT can write a bedtime story for your kid and he loves it, it's a win-win. Spriha SrivastavaThe challenge now is to limit our bedtime creative exercise to one story a day.
How bad is the banking crisis?
  + stars: | 2023-03-20 | by ( Spriha Srivastava | ) www.businessinsider.com   time to read: +7 min
The Fed along with five other central banks announced coordinated action to reassure global banks. To make sense of those acronyms, GFC refers to the global financial crisis of 2007 to 2009, EZ crisis is the Eurozone crisis of 2009 onwards, temper tantrum likely refers to the taper tantrum of 2013, and the Covid 3/20 shock is when global markets went haywire in the early stages of the pandemic. So, you might be wondering: Just how bad is the banking crisis? "It means the banking crisis we've seen over the past few weeks has started a new chapter rather than reaching its ending." After the 2008 financial crisis, the Bank of International Settlements (BIS) made it necessary for all European banks to issue CoCo bonds.
On the agenda today:But first: Senior healthcare reporter Shelby Livingston is giving us a behind-the-scenes look at her reporting on Elemy, a startup that insiders say often failed to provide the quick access to autism care that it had promised. This week, I reported how SoftBank-backed Elemy aimed to transform autism care — but insiders say the $1.15 billion startup overpromised on its capacity to treat kids. More than 20 former and current employees spoke with me for this story. After an initial assessment, Elemy told them they'd be in therapy in no more than eight weeks. Here's what Compass insiders told us.
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