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☆ Meme stocks are back as Trump Media and Reddit surge upon their debuts
▼ + stars: | 2024-03-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

What do Reddit , Trump Media & Technology Group and GameStop all have in common? Trump Media made its market debut on Tuesday under the ticker DJT, following its merger with shell company Digital World Acquisition Corp. Reddit, which is not in the S & P 500, also has a market cap of about $9 billion Market capitalization Trump Media & Technology $9.4 b. Reddit $9.2 b. Caesars Entertainment $9.4 b. American Airlines $10 b. Mosaic $10.3 b. This is rather remarkable, considering Trump Media had revenues of roughly $3.3 million. What meme stocks have in common What Trump Media, GameStop and Reddit have in common is a high retail base.

Persons: Reddit, Michael Pachter, Pachter, Arch Crawford Organizations: Trump Media & Technology Group, GameStop, Trump Media, Corp, Caesars Entertainment, American Airlines and, Technology, American Airlines, The New York Times, Trump Media & Technology, JPMorgan, East India Company, Microsoft Locations: Moluccas, Indonesia

☆ What Zyn pouches do to your brain, body, and heart
▼ + stars: | 2024-02-16 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Zyn nicotine pouches are popping up everywhere. Someone using a 3 mg Zyn pouch will absorb 1.59 mg of nicotine, or 3.51 mg from a 6 mg pouch, a spokesperson for Zyn told Business Insider in an email. Middle and high-school-aged kids are using nicotine pouchesZyn says its products are only for consumers 21 and older who already use nicotine. However, unlike nicotine replacement therapies such as gum, patches, and mints, nicotine pouches like Zyn have not yet been proven to be a safe way to quit smoking. A 2023 study published by the Centers for Disease Control and Prevention found that around 1.5% of middle and high school students reported using nicotine pouches in the last 30 days.

Persons: Tucker Carlson, Bellini, Dr, Jonathan Foulds, Brittney Keller, Hamilto, Panagis, Alok Patel Organizations: Business, Penn State University College of Medicine, New York Times, Zyn, National Institute on Drug, Centers for Disease Control, CDC, The Ohio State University College of Medicine, Johns Hopkins Medicine, Stanford Children’s Hospital, ABC

☆ Algorithms, bias and hallucinations: 20 important AI terms investors should know
▼ + stars: | 2024-02-04 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +25 min

Generative AI Neural networks are the heart of the increasingly popular type of AI known as generative artificial intelligence , or gen AI for short. Both traditional AI and gen AI systems rely on data and can be used to automate decision-making tasks. Microsoft's AI virtual assistant Copilot — which went live in November — is perhaps the most prominent generative AI feature among our portfolio companies. Bias Bias is another downside to AI systems — and LLMs in particular — that users need to consider. While GPUs have the upper hand in AI training, CPUs are understood to perform AI inference well.

Persons: OpenAI's, —, We've, that's, Chirag Shah, Shah, Mark Riedl, Bruce Springsteen, Einstein, Copilot —, Springsteen, OpenAI, it's, Riedl, Harry Potter, I've, ChatGPT, University of Washington's Shah, there's, he'd, Georgia Tech's Riedl, LLMs that's, Georgia Tech's, Meta, Grace Hopper Superchip, Jim Cramer's, Jim Cramer, Jim Organizations: Broadcom, Microsoft, Meta, Nvidia, Apple, Chirag, University of Washington, Google, Georgia Tech's School of Interactive Computing, YouTube, Netflix, Amazon, Facebook, Reuters, U.S, University of Washington's, OpenAI, New York Times, Club, Jim Cramer's Charitable, CNBC Locations: Silicon Valley, Barcelona, U.S, WhatsApp, Istanbul, Georgia

☆ Oil prices edge lower as Hamas considers truce proposal, market monitors U.S. response to attack
▼ + stars: | 2024-01-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A view of a gas station which ran out of fuel due to Israeli attacks in Rafah, Gaza on October 25, 2023. The West Texas Intermediate contract for March dropped 79 cents, or 1.03%, to trade at $75.99 a barrel. Oil prices edged lower on Tuesday as Hamas considers a temporary truce in Gaza and the market waits to see how the U.S. will respond to a deadly attack on its soldiers in the Middle East. Biden said the U.S. would hold those "responsible to account at a time and in a manner our choosing." "We're not looking to escalate the tensions any more than they already have been escalating."

Persons: Ismail Haniyeh, Brent, Joe Biden, Biden, Lloyd Austin, John Kirby, Kirby Organizations: New York Times, West Texas Intermediate, Traders, Security, White Locations: Rafah, Gaza, U.S, Jordan, Iran, Syria, Iraq, United States, Washington, Tehran

☆ Larry Page accused Elon Musk of favoring human species over digital life forms during an argument about the dangers of AI at Musk's 44th birthday
▼ + stars: | 2023-12-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Larry Page and Elon Musk argued about AI at Musk's 44th birthday party in 2015. AdvertisementTesla CEO Elon Musk and Google cofounder Larry Page disagree so severely about the dangers of AI it apparently ended their friendship. At Musk's 44th birthday celebration in 2015, Page accused Musk of being a "specieist" who preferred humans over future digital life forms, according to The New York Times . Isaacson wrote that Musk said to Page at the time, "Well, yes, I am pro-human, I fucking like humanity, dude." "The future of AI should not be controlled by Larry," Musk told Hassabis, according to Isaacson's book.

Persons: Larry Page, Elon Musk, Page, Musk, —, Musk's, Talulah Riley, Walter Isaacson, Isaacson, Demis Hassabis, Larry, Sam Altman Organizations: Service, The New York Times, New York Times, Times, Google Locations: British, Napa Valley

☆ Israel's liberal use of large US-made bombs accounts for the high civilian casualty toll in Gaza, military experts say: 'It's beyond anything that I've seen in my career'
▼ + stars: | 2023-11-25 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Israel's use of US-made bombs is contributing to high Palestinian civilian casualties, experts say. AdvertisementIsrael's use of large, American-made bombs is contributing to the massive death toll in Gaza, passing some of the deadliest conflicts in recent memory. The massive scale of Israel's attacks along with the use of large, US-made bombs in dense, urban areas have contributed to the massive death toll, according to the report. AdvertisementThe Gaza Health Ministry's most recent death toll released on November 10 included 11,078 deaths, according to the Associated Press . Israel's military did not provide a casualty count of its own, but denied targeting civilians, the newspaper said.

Persons: —, it's, Marc Garlasco, Brian Castner, Castner, Israel, Jonathan Conricus Organizations: New York Times, Service, United, The New York Times, Hamas, Gaza Health Ministry, Associated Press, PAX, Pentagon, Times, Amnesty International, US Air Force, ISIS, The Times, Israel Defense Forces Locations: Gaza, United States, Iraq, Syria, Afghanistan, Israel, Vietnam, America, Mosul, Raqqa, Thailand, Philippines

☆ ChatGPT was Sam Altman's biggest achievement at OpenAI – and probably triggered his downfall
▼ + stars: | 2023-11-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Sam Altman was pushed out OpenAI CEO Friday in a move that shocked the tech community. AdvertisementSam Altman is out of OpenAI, the company he cofounded and helped turn into a leading AI lab. AdvertisementBut the launch of ChatGPT – arguably Altman's greatest success at OpenAI – may also have triggered his downfall. Current and former OpenAI employees told The Atlantic that pressure to commercialize ChatGPT created divisions among leadership. AdvertisementFurther product releases including ChatGPT Plus and GPT-4 only served to increase tensions, three people at OpenAI at the time told The Atlantic.

Persons: Sam Altman, it's, Altman, ChatGPT, —, OpenAI, ChatGPT –, Ilya Sutskever, Greg Brockman, Brockman, Sutskever, he's, texted Altman, we've Organizations: Service, Microsoft, ChatGPT, The New York Times Locations: OpenAI, Sutskever

☆ Fear that AI could one day destroy humanity may have led to Sam Altman's (potentially brief) ouster from OpenAI
▼ + stars: | 2023-11-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Fears over the speed of AI development at OpenAI may have sowed discord within its top ranks. Some OpenAI board members may have disagreed with Altman's approach to AI innovation. OpenAI cofounder Ilya Sutskever has long called for caution due to concerns AI could harm humanity. AdvertisementSam Altman's possibly brief dismissal from OpenAI has exposed a schism between the company's top leaders over how to curb the existential threat posed by AI. OpenAI's board has not offered any more details on what led them to fire Altman beyond noting that they had "lost confidence" in him and that he was not "consistently candid" in communications.

Persons: Ilya Sutskever, —, Sam Altman's, OpenAI, Altman, Mayoshi, Sutskever, — Helen Toner, who's, Tasha McCauley —, Dario Amodei, that's, Elon Musk, Tesla Organizations: Service, The New York Times, Georgetown University's Center for Security, Emerging Technology, Wired Locations: OpenAI

☆ New York City has lost 100,000 apartments because people in rich neighborhoods keep combining units
▼ + stars: | 2023-10-24 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +4 min

New York City is facing down a housing shortage, all while some apartments disappear. Around 50,000 multi-family row houses have been consolidated to become one- or two-family homes. Combining apartments isn't necessarily a bad thing, but is concerning during a housing shortage. AdvertisementAdvertisementNew York City, famed for its residents stacked upon each other, is actually quietly losing density in some places — and you can blame people expanding their apartments. AdvertisementAdvertisementSome developers are aiming to ameliorate both the housing shortage and post-pandemic glut of office space in the city.

Persons: —, preservationist Adam Brodheim, I'm, Brodheim, Matthew Pietrus, Eric Adams Organizations: Service, New York Times, Big Apple, — Locations: York City, New York City, The City, New, New York, Manhattan

☆ 2 women chasing a climbing record across 14 mountains both died in avalanches on their last peak
▼ + stars: | 2023-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Two climbers vied to become the first US female to reach the peak of the world's 14 tallest mountains. They were hit by avalanches on their final peak in southern Tibet and died, per reports. AdvertisementAdvertisementGutu wrote about her adventures on Instagram, including mountain climbing, skydiving, and paragliding. In the post, she said the mountain was known to have a "curse" for female climbers. "I am happy to see that in recent years this curse has been broken by many female climbers," she said.

Persons: —, Anna Gutu, Gina Marie Rzucidlo, Shishapangma, Gutu, Rzucdilo, Christy Rzucidlo, Suzan Rzucdilo, Exped, Anna, Mingmar Organizations: Service, New York Times, Xinhua, Facebook, NBC Locations: Tibet, China, Shishapangma, Nepal, Pakistan, Romania, Albania, Italy, Japan

☆ Sam Bankman-Fried said he was one of the 'most hated people in the world' in an unpublished Twitter thread written after he was arrested, report says
▼ + stars: | 2023-09-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Documents revealed by the New York Times shed light on Sam Bankman-Fried's mindset after his arrest. In a Twitter thread he never published, SBF called himself "one of the most hated people in the world." The documents also show Bankman-Fried blaming a lack of hedging by Caroline Ellison for Alameda's collapse. "I'm broke and wearing an ankle monitor and one of the most hated people in the world," Bankman-Fried wrote in an unpublished draft of a Twitter thread written after he was arrested late last year. The 250-pages of documents were shared with the New York Times by crypto influencer Tiffany Fong.

Persons: Sam Bankman, SBF, Caroline Ellison, Fried, I'm, Tiffany Fong, Katy Perry, Rihanna, Sam Trabucco, Trabucco, FTX, Ellison Organizations: New York Times, Service, Alameda Hedge Fund, Times, Alameda, Bankman Locations: Wall, Silicon, Alameda, Brooklyn

☆ Makers vs. Taylor Swift Shakers
▼ + stars: | 2023-09-11 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Zuma Press/EPA/Shutterstock Composite: Mark Kelly“I think Taylor Swift is great for the soft landing,” Columbia Business School economist Brett House declared in the New York Times . Not wanting a recession, I almost rushed out and bought $1,000 tickets and $25.99 friendship bracelets, but then I remembered that isn’t how the economy works. There are two sides of the economy: the productive side and the spend side. We have makers and, appropriate to Swifties, shakers.

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Mark Kelly “, Taylor Swift, Brett House Organizations: Zuma Press, Columbia Business School, New York Times

☆ Carter, Biden and American Malaise
▼ + stars: | 2023-07-15 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: 1 min

Jimmy Carter lost the 1980 general election by a landslide to Ronald Reagan, so it's difficult to understand why Joe Biden continues to follow the Carter 'malaise' playbook today (07/15/22). Bettman via Getty Images/Shutterstock Composite: Mark KellyWhen Jimmy Carter ran for president, the first U.S. senator to endorse him was Delaware’s Joe Biden. Mr. Carter later wrote in his White House diary that the first-term Democrat had been his “most effective supporter during the 1976 campaign.” In 2021 Mr. Biden was the first president since Mr. Carter left office 40 years earlier to visit him in Plains, Ga. “Those guys love each other,” a former Biden aide told Maureen Dowd of the New York Times .

Persons: Jimmy Carter, Ronald Reagan, Joe Biden, Carter, Bettman, Mark Kelly, Delaware’s Joe Biden, Mr, ”, Biden, Maureen Dowd Organizations: Getty Images, New York Times Locations: Plains , Ga

☆ Ambivalent relationships are more toxic than negative ones, says Wharton psychologist: How to set limits with a frenemy
▼ + stars: | 2023-06-21 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +4 min

Here's why ambivalent relationships can be more harmful to our health than negative ones, and how to set boundaries with those mercurial people in your life. "I had assumed that with a neighbor or a colleague, having some positive interactions was better than all negative interactions," he writes. But even more toxic than a negative relationship is an ambivalent one, Adam Grant, a Wharton psychologist, writes for the The New York Times . Ambivalent relationships lead to greater risk of disease, according to one 2012 study . "The most intuitive reason is that ambivalent relationships are unpredictable," Grant writes.

Persons: Adam Grant, Grant, Jekyll, Hyde, Nedra Glover Tawwab, Tawwab, Warren Buffett Organizations: The New York Times, CNBC Locations: Wharton

☆ ValueAct adds a streaming play to its portfolio
▼ + stars: | 2023-05-16 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Mason Morfit's ValueAct Capital Management picked up Spotify last quarter as the music streaming giant rebounded off its 2022 selloff. The ValueAct CEO added about 2.25 million shares to the portfolio. Spotify has surged nearly 70% in the first quarter, regaining ground after dropping 66.3% in 2022. SPOT YTD mountain Spotify YTD It was Morfit's only new position in the quarter, but he grew Salesforce by a whopping 500%, while Insight Enterprises got a relatively modest 2% boost. Similarly, KKR came in at the second biggest holding in the portfolio despite the more than 13% trim.

☆ The Trump Grand Jury Media Tour
▼ + stars: | 2023-02-23 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Grand juries aren’t intended to be media spectacles, but add Emily Kohrs to the list of people who have lost their bearings in the vicinity of Donald Trump. Ms. Kohrs, age 30, was the foreperson of a Georgia special grand jury examining the possibility of criminal interference in the state’s 2020 election. The grand jury’s report hasn’t been released in full, and the public hasn’t been told whether it recommends charges against Mr. Trump, his aides, or both. Ms. Kohrs keeps teasing. As for Mr. Trump: “We definitely discussed him a lot in the room.”

☆ Musk's Twitter reportedly hasn't paid rent on its office spaces for weeks
▼ + stars: | 2022-12-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Twitter has not paid rent for its global offices or San Francisco headquarters in weeks, the report said, as Musk's team has been trying to renegotiate the terms of the company's lease. Musk has also revamped Twitter's subscription service, Twitter Blue, with the hope of generating fresh revenue for the company. Twitter Blue costs $8 a month for web users and $11 a month for iOS users who purchase it through Apple's App Store. Blue users will also be able to edit tweets and get early access to new features. He said the new verification system will be "the great leveler" and give "power to the people."

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