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☆ The boss of PlayStation is retiring after 28 years, saying he's tired of traveling so much for work
  + stars: | 2023-09-28 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +2 min
Playstation boss Jim Ryan is retiring after 28 years at the company, he said Wednesday. Ryan said he found it difficult to "reconcile living in Europe and working in North America." 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 . AdvertisementAdvertisementThe head of PlayStation and CEO of Sony Interactive Entertainment said he's retiring to avoid the stress of constant travel for work.
Persons: Jim Ryan, Ryan, —, he's, Insider's Dave Smith, Hiroki Totoki Organizations: Service, PlayStation, Sony Interactive Entertainment, Sony Locations: Europe, North America, British, Japan
☆ JPMorgan is asking senior managers to be in the office five days a week. Here's the latest on return-to-office mandates.
  + stars: | 2023-04-16 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: JPMorgan is asking senior managers to be in the office five days a week. The company told senior managers this week that they "have to be visible on the floor" in a memo asking managing directors to be in the office five days a week. Last month, Disney told employees they were expected to be back to the office four days a week. And Amazon said it wants all employees back in the office at least three days a week by next month, setting off both internal opposition and support, and a scramble to get office space ready. A dozen former Kittyhawk employees told Insider that Kittyhawk found itself torn between the conflicting visions and shifting priorities of its billionaire founder and his handpicked CEO.
☆ Amazon CEO Andy Jassy's total pay plummeted in 2022 — but there's more to it than meets the eye
  + stars: | 2023-04-15 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
AWS CEO Andy Jassy, who is set to become Amazon CEO, helped oversee the cloud unit's rise. Amazon CEO Andy Jassy's total compensation plunged last year to $1.3 million. It may still seem like a lot of money, but in 2021, Jassy's total pay was over $200 million. Also, keep in mind that Jassy's base salary in 2022 was $317,500, an 80% leap from $175,000 in 2021. Musk's reign of chaos at Twitter may have saved it from collapse, but there's a long way to go.
☆ The resilient job market is finally showing signs of cooling off
  + stars: | 2023-04-10 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +4 min
The job market is clearly starting to slow down. Mohamed El-Erian said March's jobs report was a win-win for both the stock market and the Fed. "We are making this transition where the stock market was obsessed with interest-rate risk to one that is concerned about credit risk." What's your take on the latest job data? In other news:Traders works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.
☆ Can ChatGPT be a doctor?
  + stars: | 2023-04-10 | by ( Asia Martin | ) www.businessinsider.com   time to read: +4 min
My colleague Emilia David will take over for the rest of this week until Diamond Naga returns from her much-needed vacation. Can ChatGPT be a doctor? One physician said the AI chatbot was "better than many doctors" he's observed when it came to clinical diagnosis. The doctor said the diagnosis didn't differ from what he would have determined. ChatGPT may have passed the exam, but it's still unable to take the Hippocratic oath, where doctors swear to abide by a set of professional ethical standards.
☆ As Gen Z flounders at work and millennials struggle to buy a house, boomers are enjoying a golden moment
  + stars: | 2023-04-09 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
This week's dispatchThe Metals Company; Greenpeace; Luis Alvarez/Getty Images; Karl Hendon/Getty Images; Alyssa Powell/InsiderOptimists don't just dream — they do. Gen Zers and young millennials have soured on work just as much as everyone else — and that's bad news for companies everywhere. Also read:Tyler Le/InsiderOver the past few years, Lex Fridman has gone from an unknown academic researcher to a social-media celebrity and member of Elon Musk's inner circle. But recently, "The Lex Fridman Podcast" has become a haven for a growing and powerful sector looking to dismantle years of "wokeness." More on the rise of Lex Fridman.
☆ After gaining control of our reporter's phone, a hacker ripped her off for $10,000. She set out to find them.
  + stars: | 2023-04-08 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
You can see pictures of the massive meatball here — but I warn you, it looks exactly how you would expect. Now, before the scientists start serving up Dinosaur DNA, let's take a look at the top tech stories this week. Once the hacker had control of Hartmans' phone, they didn't waste any time. Earlier this month, the Wall Street Journal reported that Elon Musk plans to build a town named "Snailbrook" — but he isn't the only billionaire creating their own utopia. Some of Lee's friends and colleagues, including Elon Musk, have lambasted the "violent crime in SF."
☆ Robinhood traders are getting smarter with their money. The platform's head of investment strategy explained why.
  + stars: | 2023-04-08 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Steph Guild, Robinhood's head of investment strategy. RobinhoodSteph Guild is the head of investment strategy at Robinhood. Phil Rosen: How have retail investors on Robinhood changed their investing habits now compared to 2022? As the economy faces more risks like a recession and a potential credit crunch, do you think retail investors will change their strategy? What do you think of Guild's insights on retail investors?
☆ Panic over the rise of AI is hitting a fever pitch
  + stars: | 2023-04-02 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: The panic over the AI boom hit a new peak this week. A prominent AI researcher went further, saying six months wasn't long enough, and "we need to shut it all down." But those fears also make sense against the backdrop of a shaky economy and a distrust of Big Tech. Goldman Sachs has forecast that AI systems could impact 300 million full-time jobs. AI has been described as the next transformational technology, on a par with the creation of the internet or the television.
☆ Humanity has decided it can say 'no' to AI
  + stars: | 2023-04-01 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
The latest development in AI: humanity has decided it can say "no." Elon Musk was one of more than 1,000 people to sign an open letter calling for a six-month pause on advanced AI development. The letter cited several potential risks to humanity and society, including the spread of misinformation and automation of jobs. Bosses have forgotten how to say "good job" — and it's driving employees to quit. Big Tech's big downgrade.
☆ Red alert recession signals
  + stars: | 2023-03-26 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Everyone is back to talking about a recession. This week's dispatchFed Chair Jerome Powell Joshua Roberts/Reuters2023 started with fresh hope that the US could avoid a recession. That has big name investors and market signals predicting a recession, and soon. "Red alert recession signals," Gundlach said. Even Powell's preferred bond-market indicator says a recession is on the way this year.
☆ TikTok CEO Shou Zi Chew has the internet eating out of his hand
  + stars: | 2023-03-25 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
Well, court filings have laid bare the company's excessive spending habits on luxury estate, hotels and, of course, a yacht. Shou Zi Chew said the average TikTok user was "an adult well past college age." Wall Street says TikTok CEO Shou Zi Chew had a "disaster" day in Congress. Wall Street may have dubbed Chew's testimony a "disaster," but by the end of it, Chew had the internet eating out of his hand. Google Bard is already behind in the AI wars.
☆ Tech leaders remain oblivious to the true lessons of Silicon Valley Bank
  + stars: | 2023-03-19 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Insider's Madeline Renbarger shares what happened at the SXSW Festival in Texas as tech founders and entrepreneurs learned about the implosion of Silicon Valley Bank. The festival began just as the FDIC announced it was taking control of Silicon Valley Bank to stop the catastrophic, social media-instigated bank run that was in full swing. Silicon Valley's blame gameiStock; Rebecca Zisser/InsiderIn the wake of Silicon Valley Bank's collapse, there's been plenty of finger-pointing but little self-reflection on the part of Silicon Valley, writes Insider's Linette Lopez. But in recent weeks, as companies like Meta and Twitter braced for tougher times ahead, the assault on middle managers has picked up new steam. But middle managers move the needle on a company's overall performance far more than senior executives do — and make a bigger difference to the bottom line.
☆ TikTok's potential buyers
  + stars: | 2023-03-18 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
Analysts estimate the price tag for TikTok's US assets could fall anywhere between $40 billion and $100 billion. ": Married couple who both worked for Silicon Valley grieved after its collapse. Peter Thiel said he had $50 million in a personal account at Silicon Valley Bank when it collapsed. Silicon Valley Bank employees react to the bank's collapse Getty ImagesFrom our tech analysis team:9. Silicon Valley Bank's meltdown shows that tech's elites need the government after all.
☆ Silicon Valley is on a knife-edge after the collapse of SVB
  + stars: | 2023-03-12 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +5 min
With the failure of Silicon Valley Bank, we're witnessing the biggest bank collapse since the 2008 financial crisis. On the agenda today:Before we dive in: Insider's Warehouse Nation series was recognized with a Best in Business Award from the Society for Advancing Business Editing and Writing (SABEW). And up first today: Alison Brower, Insider's LA bureau chief, explains whether the Oscars still matter in Hollywood. The Slap still stings across Hollywood, and Academy Awards organizers are working hard to make sure tonight's ceremony sparkles, Insider's Alison Brower writes. Silicon Valley Bank's implosionSilicon Valley Bank employees react to the bank's collapse Getty ImagesSilicon Valley Bank had been a pillar of the startup ecosystem for four decades.
☆ Ditching autism care for software
  + stars: | 2023-03-11 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
He raised $200 million to transform autism care. Now, he's ditching patients to sell healthcare software. Yury Yakubchyk, the cofounder and CEO of Elemy, raised more than $200 million to provide better autism therapy for kids. Instead of delivering care itself, instead of delivering care itself, the company wants to sell software to clinicians running their own businesses. It's all fake work," Rabois said.
☆ Salesforce's Marc Benioff says tech CEOs everywhere might soon unleash their inner Elons
  + stars: | 2023-03-05 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Insider's Rebecca Knight is a Gen X working mom who tried TikTok's "Bare Minimum Monday" trend. Insider's Rebecca Knight studies TikTok to learn how to do Bare Minimum Monday. Sarah MackenzieWhen I first heard about "Bare Minimum Monday," the latest TikTok trend to emerge in the workplace, I thought it was nonsense, Insider's Rebecca Knight writes. But when my editor suggested I give Bare Minimum Monday a try and then write about it, I leapt at the opportunity. Key takeaways from Goldman's investor day.
☆ Matthew McConaughey's Salesforce gig
  + stars: | 2023-03-04 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
Hallam Bullock here, reporting from London — and yes, Matthew McConaughey is on my mind. Salesforce has reportedly been paying McConaughey $10 million a year to act as a "creative adviser." Robyn Phelps/InsiderProgrammers are thrilled about AI tools like ChatGPT. Read why programmers are pumped about the rise of AI tools. Larry Lundstrom spends about 40 to 60 hours a week as a pastor, but on the side, he uses AI tools like ChatGPT to make pitch decks for businesses.
☆ Tesla is losing its most loyal customers — and that’s bad news for Elon Musk.
  + stars: | 2023-02-28 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Plus, it's even more gross, since this generation obsession appears to be a capitalism-fueled strategy to get our money. They stuck with Elon Musk along a bumpy ride: "production hell," multiple federal investigations, and other catastrophes. Meanwhile, the company keeps losing its edge elsewhere. Nora breaks down how Musk keeps Elon-ing, while Tesla keeps getting beat down. It's part of the multi-day Mobile World Congress — the largest mobile telecommunications event in the world — in Barcelona, Spain.
☆ Florida's climate exodus
  + stars: | 2023-02-26 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Economy reporter Madison Hoff explains why "quiet" is the workplace word for 2023. This week's dispatchWhisper it, but "quiet" might just be the workplace word for this year, Insider's Madison Hoff writes. And although it doesn't use the word "quiet," there are related workplace terms floating around like "Bare Minimum Monday" and "Try Less Tuesday." But Arias Agencies is now at the center of an explosive lawsuit that alleges a pattern of unchecked sexual assault and harassment. What to know about Florida's climate exodus.
☆ Mark Zuckerberg and Elon Musk have been publicly criticizing each other for years — but now Meta is mirroring Twitter
  + stars: | 2023-02-25 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
With the launch of Meta Verified, Mark Zuckerberg is appearing more like Elon Musk by the day. Now, let's look at why people are starting to say that Zuckerberg "idolizes Elon Musk." With the announcement of Meta Verified, Meta's new verification subscription service for Facebook and Instagram, many have drawn comparisons between Mark Zuckerberg and Elon Musk. Schilsky added: "I think it's clear that Mark Zuckerberg idolizes Elon Musk." Black VCs like Beta Boom's Kimmy Paluch are addressing long-standing diversity, equity, and inclusion issues in the industry head-on.
☆ ChatGPT's 5-part strategy for balancing your portfolio
  + stars: | 2023-02-20 | by ( Dave Smith | ) www.businessinsider.com   time to read: +2 min
I'm a deputy editor at Insider who helps oversee our newsletters, but I've worn plenty of hats around here. Phil and the rest of the newsletter squad are off today, but here are six (not 10 today, sorry!) A stock trader built his strategy into real software. ChatGPT's 5-part strategy for balancing a portfolio. OpenAI's buzzy chatbot is everywhere these days, so why not put it in charge of your investing strategy?
☆ You're a sucker if you trust ChatGPT
  + stars: | 2023-02-19 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
But first: Adam Rogers, a senior tech correspondent at Insider, breaks down why ChatGPT is for suckers. Well, social scientists don't really know why anyone believes anything, from kooky stuff they read on Twitter to closely held ideals. Faced with those conditions, Gen Z has adapted to a new normal: When in doubt, find a new job. It has rankled some of the academics and advocates whose work helped kick off the psychedelics renaissance in the first place. Insider spoke to more than a dozen industry participants to chart its rise and its role in the psychedelics boom.
☆ Salesforce is applying pressure to workers to drive down headcount
  + stars: | 2023-02-15 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
Before we drive off into the night, let's jump into today's tech. Salesforce performance pressure is on. Employees told Insider that the cloud company is about to drop new performance metrics for engineers. Plus, multiple investors are believed to be pressuring Salesforce to cut additional costs to become more profitable. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Dave Smith (tweet @redletterdave) in Toronto and Nathan Rennolds (tweet @ncrennolds) in London.
☆ Goldman Sachs partners are pissed
  + stars: | 2023-02-12 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Lara O'Reilly, our senior correspondent covering the advertising industry, looks ahead to the Super Bowl. Insider's Aki Ito breaks down why grandiose job titles like "senior executive vice president" are suddenly all the rage. According to a new study, early-career job titles have changed drastically in the past few years. While it's not clear how widespread this discontent is — Goldman has some 400 partners — some partners are already talking about who might replace CEO David Solomon if it comes to that. Inside the drama at Goldman SachsRead more:Tyler Le/InsiderGoogle's search engine is about to change.
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