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☆ Read Ken Griffin's letter to Citadel investors. He gives his 2024 outlook and talks about building a 'formidable team.'
▼ + stars: | 2024-04-01 | by ( Hayley Cuccinello | Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Griffin noted that 2023 was a difficult year for the hedge fund industry and expected the medium-term to "remain challenging." Citadel and Griffin's market maker, Citadel Securities, received over 100,000 applications for full-time jobs and internships this year, Griffin said. "We take pride in having built one of the most formidable teams in hedge fund history," he said. The remarkable achievements of our portfolio managers are a testament to the constructive and empowering culture at Citadel. Assembling the Premier Team in Hedge Fund HistoryWe take pride in having built one of the most formidable teams in hedge fund history.

Persons: Griffin, Kenneth C Organizations: Business, Disney World, Citadel, Citadel Securities, Citadel Wellington LLC, Team, Congressional, U.S, LCH Investments Locations: United States

☆ Ray Dalio once interrogated his pregnant protégé in front of his top execs until she cried
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. Dalio announced to the room that he would first "probe" and then deliver what he called a "diagnosis." The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

Persons: Ray Dalio's, Katina Stefanova, mentee, Dalio, Stefanova, wasn't, lackeys, Bridgewater, hadn't, Who, Dalio's leveragers, Ray Dalio, Rob Copeland, Ray, Dustin Hoffman's Oscar Organizations: Bridgewater Associates, Bridgewater, Transparency, Martin's, Martin's Publishing, New York Times, Wall Street Journal Locations: Bridgewater, Bridgewater's Westport, Conn, St

☆ Ray Dalio Interrogated His Pregnant Employee Until She Cried: Book
▼ + stars: | 2023-11-06 | by ( Rob Copeland | ) www.businessinsider.com time to read: +11 min

She was one of Ray Dalio's favorites. The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. Excerpted from THE FUND: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland. A spokesperson for Ray Dalio told Insider, "This book is just another one of those classic tabloid books, authored by someone who applied for a job at Bridgewater and was rejected more than a decade ago. He then became an investigative reporter at a prominent newspaper and made a career of writing distorted stories about Bridgewater and Ray Dalio, at first in articles and now in this book.

☆ MrBeast: American YouTuber builds 100 wells in Africa, attracting praise – and some criticism
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —American YouTuber MrBeast’s latest video, in which he says he built 100 wells across Africa, has drawn a complex response online since it was published on Saturday. Some Kenyan activists and journalists said he has spotlighted the failures of the Kenyan government, while MrBeast, whose real name is Jimmy Donaldson, anticipates that he will be “canceled” following the reaction. The new wells will provide clean drinking water for up to 500,000 people in Cameroon, Kenya, Somalia, Uganda and Zimbabwe, Donaldson said, while an accompanying fundraiser to support local water aid organizations had raised more than $300,000 by Monday morning. Donaldson is the most popular individual creator on YouTube, with more than 200 million subscribers. He has become known for his philanthropy, posting videos in which he sponsored 1,000 blind people’s cataract surgery and bought prosthetic limbs for 2,000 amputees.

Persons: MrBeast, Jimmy Donaldson, Donaldson, Boniface Mwangi, Ferdinand Omondi, ”, I’m, Francis Gaitho Organizations: CNN, Kenyan, ” CNN, YouTube Locations: Africa, Cameroon, Kenya, Somalia, Uganda, Zimbabwe

☆ I tried out ChatGPT's new image feature, which can create recipes from ingredient photos, write code from whiteboards, and identify objects. Here's how it went.
▼ + stars: | 2023-10-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

ChatGPT users can upload images and ask questions based on the pictures. AdvertisementAdvertisementOpenAI has launched some impressive new features for its viral chatbot, ChatGPT. AdvertisementAdvertisementChatGPT's new image feature is easy enough to use. AI startup founder Mckay Wrigley shared another example of the new image feature. For example, Wired's Reece Rogers reminded users to avoid uploading personal, sensitive photos to ChatGPT when trying out the image feature.

Persons: OpenAI, —, Beatrice Nolan, Mckay Wrigley, Wrigley, ChatGPT, Wired's Reece Rogers, Frida Kahlo Organizations: Service

☆ Why I Love Doing Homework (Even If My Kids Hate It)
▼ + stars: | 2023-09-05 | by ( Saul Austerlitz | ) www.nytimes.com time to read: +3 min

But here’s the thing: I love homework. I don’t love being the bad guy my kids jeer when I remind them that it is homework time once again. I love bearing witness to the steady accretion of skill, until I notice that my younger son is suddenly reading fluidly, no longer requiring my assistance. I even enjoy the process of tweaking my older son’s math routine, again and again, until all the pieces — whiteboard, marker, dining table, checking your work — cohere. My grandfather Joseph Austerlitz — whose face I see reflected in my older son’s — left Vienna in 1936, not long before the Nazi Anschluss.

Persons: Charles Darwin, —, Joseph Austerlitz —, Saul Austerlitz, Dutton Locations: Vienna, Nazi

☆ I used the hot new web browser Arc for 8 months, and am never going back to Chrome. These are the best and worst things about it.
▼ + stars: | 2023-08-03 | by ( Melia Russell | ) www.businessinsider.com time to read: +2 min

Arc is a buzzy web browser that sheds the traditional browser interface as we know it. Eight months ago, my browser tab hoarding was out of control. Finding an open tab was like playing hide and seek in the cluttered abyss of Chrome, each link harder to find than the last. Then came Arc, a new web browser recommended by Jason Spinell, manager of Slack's early-stage investment fund. If tidying guru Marie Kondo had a favorite web browser, it would be Arc.

Persons: I'm, Jason Spinell, Slack's, Spinell, Marie Kondo, Arc Organizations: The Browser Company, Browser Company

☆ How Palantir is helping hospitals with tasks that used to require spreadsheets and whiteboards
▼ + stars: | 2023-06-17 | by ( Ashley Capoot | ) www.cnbc.com time to read: +11 min

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNTThe Cleveland Clinic in Cleveland, Ohio, U.S., on Saturday, Nov. 14, 2020. The Cleveland Clinic was in the midst of trying new AI-powered software from Palantir . But by accurately predicting patient discharges, Palantir's system saved Pappas, her team and the emergency department a lot of time and effort. Palantir partnered with two health-care systems, Cleveland Clinic and Tampa General Hospital in Florida, during the summer of 2021 to develop software called Palantir for Hospital Operations. Zoom In Icon Arrows pointing outwards Schedule review within Palantir for Hospital Operations Palantir

Persons: Dustin Franz, Rita Pappas, Pappas, —, Palantir, Shyam Sankar, Sankar, Alex Karp, Dr, Peggy Duggan, Drew Goldstein, Jeremy David, Palantir Drew Goldstein, Palantir's, I'm, David, Goldstein, whiteboards, Drew didn't, They've Organizations: Cleveland Clinic, Ohio Department of Health, Bloomberg, Getty Images Bloomberg, Getty, Cleveland, CNBC, Tampa General Hospital, Hospital Operations, U.S, Intelligence, Hospital Operations Palantir Nurses, American Medical Association . Companies, Tampa General, Cleveland Clinic's, Microsoft Locations: Cleveland , Ohio, U.S, Ohio, Tampa, Florida, Palantir, Florida and Ohio

☆ Apple may soon show off its biggest and riskiest new hardware product in years
▼ + stars: | 2023-06-02 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

CNN —Next week, Apple may unveil its most ambitious new hardware product in years, but it’s in a product category that is anything but a proven winner. The highly-anticipated release of an AR/VR headset would be Apple’s biggest hardware product launch since the debut of the Apple Watch in 2015. “So it is great timing for that market.”An uncertain marketFor now, the overall headset market remains small. There were 8.8 million AR/VR headsets shipped globally last year, according to data from market research firm IDC. Unlike almost any other company, however, Apple can create demand for an experimental new product or category.

Persons: ”, Ramon, –, Tim Cook, Cook, “, Siri, Eric Abbruzzese, Meta, Mark Zuckerberg, Abbruzzese, don’t, ” Abbruzzese Organizations: CNN, Apple, Apple Watch, VR, IDC, Washington Post, GQ, Ikea, Bloomberg, ABI Research, Facebook, Street, Meta, Google

☆ A Week With the Wild Children of the A.I. Boom
▼ + stars: | 2023-05-31 | by ( Yiren Lu | ) www.nytimes.com time to read: +4 min

Maybe in a few decades from now, we’ll look back at all these seminal A.I. As two analysts at N.E.A., an investment firm, put it in a recent report, generative A.I. But with large language models, incumbents like Google and Microsoft have had a huge head start in both developing the technology and acquiring market share among consumers. Moreover, the capital-intensive nature of training large language models means that smaller companies like OpenAI and Anthropic creating their own large language models have few alternatives beyond making Faustian “partnerships” with tech giants. Beyond the incumbents, one beneficiary might well be the indie hacker, the kind of coder for hire who does niche A.I.

Persons: Mark Cuban, ChatGPT, Diego Basch, “, Sahil Lavingia, ” Organizations: Dallas Mavericks, Twitter, Google, Microsoft, N.E.A Locations: whiteboards, Hillsborough, HF0, S.A.S

☆ Millennium is on the hunt for engineers in Miami. A top tech exec for the $58 billion hedge fund details the firm's new training program.
▼ + stars: | 2023-04-19 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

The head of tech for Miami outlines what applicants can expect, how to stand out, and why Miami. Naumovich, who was hired in September 2022, is responsible for building out Millennium's tech presence and tech offerings in Miami. A big part of that mandate will come down to recruiting tech talent, which has previously proven challenging for Wall Street firms in the area. The rotational program is the first of its kind in Millennium's tech organization. Wall Street SouthThe LEaD program is just one aspect of Millennium's big-picture build out in Miami.

☆ Inside Millennium Management's new engineering-recruitment program in Miami, from what applicants can do to stand out to why the city is becoming a key tech hub for the $58 billion hedge fund
▼ + stars: | 2023-04-17 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

☆ Rep. Katie Porter’s Senate campaign conundrum
▼ + stars: | 2023-01-11 | by ( Lincoln Mitchell | ) www.nbcnews.com time to read: +5 min

The GOP is likely to have a better chance in Porter's district with her out of the picture. Enter Katie Porter, the first candidate to announce her intention to run for Feinstein’s seat. Her Senate run has a potential downside for national Democrats that should be clear. The problem Porter’s campaign raises for the Democrats has nothing to do with her chances of winning or what she would do in the Senate. If they decide to seek the Senate seat, there will be no cost to House Democrats because their replacements are almost sure to be Democrats as well.

☆ Katie Porter sets sights on fellow Democrat Dianne Feinstein's U.S. Senate seat
▼ + stars: | 2023-01-10 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 10 (Reuters) - U.S. Representative Katie Porter on Tuesday launched a campaign for U.S. Senate in California, taking aim at a seat currently held by fellow Democrat Dianne Feinstein, who has not said if she plans seek re-election in 2024. Feinstein, who has held the seat since 1992, has faced pressure to resign given that she is the oldest member of Congress at 89 years old. She has championed inflation-based caps for drug prices and making it unlawful to excessively hike gasoline prices. loadingFeinstein is a trailblazer in U.S. politics: the first woman to serve as mayor of San Francisco, first woman to serve on the Senate Judiciary Committee and now the longest-serving female senator. Reporting by Moira Warburton; Editing by Scott Malone and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Katie Porter Launches 2024 California Senate Bid, Isn't Waiting on Feinstein
▼ + stars: | 2023-01-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Rep. Katie Porter of California on Tuesday officially announced a 2024 Senate bid. Sen. Feinstein is up for reelection in 2024, but hasn't yet announced whether she'll run for another term. "In times like these, California needs a warrior in Washington," she said in her official campaign announcement on Tuesday. In entering the race, Porter is staking out a lane as an lawmaker who would usher in a different sort of governance. In November, Porter won a tough reelection race, edging out former California assemblyman Scott Baugh by four points (52%-48%).

☆ KKR's top tech exec details the firm's 3-year migration to the public cloud, and how the PE giant is leveraging the tech to streamline how deals get done
▼ + stars: | 2023-01-10 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

KKR is moving its technology and infrastructure to the public cloud by year end. The finish line is in sight for Emilia Sherifova, KKR's top tech exec who is spearheading the firm's multi-year migration to the public cloud. KKR's cloud migration has been years in the making. Under Sherifova, KKR has more than doubled its number of cloud-focused engineers, she said, declining to specify numbers. No longer are regulatory and security concerns barring finance players from moving mission-critical systems, like exchanges' matching engines and banks' core banking platforms, to the public cloud.

Their fiercest fight is taking place for the city of Bakhmut, besieged for months by Russian forces. As a CNN team drove in on the heavily trafficked main road, a Russian artillery shell landed on a building just a few dozen yards away. Much of this war is fought avoiding the incessant Russian artillery threat. Ukrainian soldiers watch a real-time feed from a drone as they target artillery strikes on Russian positions. Further toward the front, in a treeline bordering farmland, is the Ukrainian artillery unit on the other end of the phones with the basement.

☆ Hot startups like Miro and Canva are racing to dominate virtual whiteboards, an emerging category of workplace tools that sparked Adobe's $20 billion bid for Figma
▼ + stars: | 2022-11-04 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Virtual whiteboards are becoming essential workplace tools, as evidenced by Adobe's bid for Figma. The $20 billion price tag only further signaled the boom around virtual whiteboards, which allow users to collaborate visually and are quickly becoming essential tools alongside videoconferencing and workplace messaging. Besides Figma, Miro has gained momentum over the past two years, growing to 40 million users from 5 million users. But industry insiders think virtual whiteboards will become just one piece of a visual-collaboration arena. As a result, companies like Miro, Canva, and Lucid are on similar paths toward becoming larger visual-communications platforms.

☆ Rep. Katie Porter, a Democratic star who's charmed fans with her whiteboards in hearings, could lose her California seat next week
▼ + stars: | 2022-11-01 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +2 min

The Cook Political Report switched Rep. Katie Porter's race from "lean Democratic" to a "toss-up." Porter, a Democratic darling, could be in danger of losing her California seat. Porter, a progressive Democrat seeking a third term, has become a breakout star within her party in recent years, attracting widespread support. Porter currently represents the 45th congressional district, a longtime Republican stronghold that she flipped blue in 2018. Porter is competing against Republican Scott Baugh, an attorney who previously served in the California state assembly and chaired the Orange County Republican Party for over a decade.

☆ Some Big Tech firms were the top landing spot for recent Goldman Sachs tech departures, and it could be an early sign of the changing tides in the war for talent
▼ + stars: | 2022-10-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, the latest installment in Wall Street's war for tech talent. Big Tech wants its engineers back. In the ongoing war for top engineering talent, Big Tech has landed the latest blow against one of Wall Street's most powerful firms. Read more about the top firms scooping up recent Goldman departures, and how it could be representative of the larger issues Wall Street faces when trying to attract tech talent. Robo-advisor Betterment just launched customized crypto portfolios, the Wall Street Journal reports.

☆ Adobe, Figma Deal Signals New Era in Collaboration, Productivity
▼ + stars: | 2022-09-15 | by ( Steven Rosenbush | Isabelle Bousquette | ) www.wsj.com time to read: +7 min

The purchase of Figma, whose tools are used by designers and developers, is Adobe’s largest-ever acquisition and extends its reach into new areas. The rising popularity of social networks helped fuel interest in an earlier wave of collaboration technology companies, including Jive Software and workplace chat company Yammer, later acquired by Microsoft Corp. in 2012 for $1.2 billion. Startups that employ concepts of collaboration, including digital work-space company Notion, document company Coda and app platform Airtable, took off among software, design and product teams. Adobe is best-known by consumers for software programs—including Adobe Photoshop, Adobe Illustrator and Adobe Acrobat—used for graphic design, video editing and more. The fact that Adobe was willing to pay so much for Figma reflects that belief that its software was fundamentally different, according to Mr. Saper.

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