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☆ Despite recent apologies and reassurances, documents leaked to Vox show OpenAI pressured departing employees over equity
▼ + stars: | 2024-05-23 | by ( Sarah Gray | Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

A Vox story on Saturday said the company could take back vested equity if departing employees did not sign a non-disparagement agreement. "For a company to threaten to claw back already-vested equity is egregious and unusual," California employment law attorney Chambord Benton-Hayes told Vox. AdvertisementOn Saturday, OpenAI CEO Sam Altman said on X, "Vested equity is vested equity, full stop." We have not and never will take away vested equity, even when people didn't sign the departure documents. Not signing "could impact your equity," OpenAI told one of them, per Vox.

Persons: —, Chambord Benton, Hayes, Vox, Sam Altman, Altman, Kelsey Piper's, OpenAI execs, Jason Kwon, Kwon, OpenAI, i've, Scarlett Johansson Organizations: Service, Equity, Business, Vox Locations: California, Vox

☆ How family offices are planning to invest now and in the next 5 years, according to UBS
▼ + stars: | 2024-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).

Persons: That's Organizations: UBS, Global, –, Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China

☆ Live updates: Israel-Hamas war in Gaza, Iran President Raisi funeral, ICC arrest warrant request
▼ + stars: | 2024-05-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

A rescue team works following the crash of a helicopter carrying Iranian President Ebrahim Raisi, in Varzaqan, East Azerbaijan Province, Iran, on May 20. West Asia News Agency/ReutersThe chief of staff for the late Iranian President Ebrahim Raisi has revealed new details about the hours after the presidential helicopter went missing. "However, the president's helicopter, which was flying between the two others, suddenly disappeared," Esmaili added, as cited by Mher news. The pilot circled around to search for the president's helicopter, he said. "Pilots of the two other helicopters had contacted Captain Mostafavi, who was in charge of the president's helicopter," he said.

Persons: Ebrahim Raisi, Gholam Hossein Esmaili, Esmaili, Raisi's, Esmail, Hossein Amir Abdollahian, Mostafavi, Mohammad Ali Alehashem, Alehashem Organizations: West Asia News Agency, Reuters, Iran's, Mehr, Mehr News, Iranian, Pilots Locations: Varzaqan, East Azerbaijan Province, Iran, Azerbaijan, Varzeghan —, Abdollahian

☆ A 67-year-old bodybuilder who started exercising in her 50s shares 4 things she's learned about getting fit at any age
▼ + stars: | 2024-05-22 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Flowers told Business Insider that life has been tough: she was in difficult relationships and has struggled with eating disorders. "That's when I realized I had to turn things around and change, because I was destroying my body," she said. At the age of 58, she started exercising at home, following bodyweight programs on fitness DVDs. AdvertisementFlowers shared four things she's learned about getting fit at any age.

Persons: —, Marlene Flowers, Flowers, Marlene Flowers Flowers, Rachel Hosie, Jamie Wright, Kristin Haraldsdottir, Daniel Lieberman Organizations: Service, Business, Harvard

☆ Asia-Pacific markets trade mixed as investors parse slew of Japanese data
▼ + stars: | 2024-05-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets traded mixed Wednesday. Japan's Nikkei 225 was trading about 0.5% lower in the first hour of trade, while the Kospi slid 0.35%. There was a marginal improvement in business sentiment, with the Reuters Tankan non-manufacturing index coming in at +26. Japan is slated to release its April trade data, as well as machinery orders for the month of March. Futures for Hong Kong's Hang Seng index stood at 19,212 pointing to a slightly weaker start compared with the HSI's close of 19,220.62.

Organizations: Nikkei, Reuters, Reserve Bank of New Zealand Locations: Asia, Pacific, Australia, Japan

☆ This millennial plans weddings for India's rich and famous — don't overlook these 3 financial rules, she says
▼ + stars: | 2024-05-22 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +2 min

Ahead of their big day, Ambani and Merchant threw a lavish three-day pre-nuptial bash in March. "The three biggest moments, culturally, for India are Bollywood, cricket and weddings," Mehak Sagar, co-founder of WedMeGood, told CNBC Make It. The Indian wedding industry is estimated to have brought in about 4.74 trillion rupees (about $56 billion) during the 2023 wedding season, thus making it a "trillion-dollar enterprise," according to the 2024 Wedding Industry Report by WedMeGood, a wedding planner platform. "Given that it is the fourth largest industry in India — the Indian wedding industry touches maybe 16 to 20 [other] industries," Sagar said. Lavish Indian weddings are no stranger to Tina Tharwani.

Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Ambani, Merchant, Bill Gates, Rihanna, Ivanka Trump, Mehak Sagar, WedMeGood, Sagar, Tina Tharwani, Nick Jonas, Priyanka Chopra, Anushka Sharma, Virat, Shaadi Organizations: Microsoft, CNBC, Shaadi Locations: India, Silicon Valley, Mumbai

☆ People are dunking on Google search AI's nonsensical answers
▼ + stars: | 2024-05-22 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Certain searches get responses that are nonsensical or downright wrong. Google said the examples were "extremely rare queries, and aren't representative of most people's experiences." AdvertisementGoogle promised a sweeping overhaul to its ubiquitous search at I/O last week — but users are already pushing its limits. Rather than giving you a list of third-party web pages, the new Google search function creates a new box with conversational answers culled from across the web and fueled by generative AI. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Google, Service, Business

☆ Meta is considering new paid deals with media publishers for AI training data
▼ + stars: | 2024-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Meta may need such access to make its generative AI tools, like Meta AI, more effective for users and more competitive in the increasingly crowded market of generative AI search tools and chatbots, the people said. User posts and comments on Facebook or Instagram are not necessarily the type of high-quality training data that generative AI chatbots and search tools need to generate quality outputs. Previously, Zuckerberg said he did not expect the generative AI boom. The US Copyright Office is considering new rules to cover generative AI. Major rival tech companies now fiercely competing in generative AI have already entered into deals with news publishers and media outlets for more access to content to be used as model training data.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Dotdash Meredith, Axel Springer, OpenAI, Kali Hays Organizations: Service, Meta, Facebook, Business, News, Google, US, News Corp, Financial, Associated Press, BI, Politico, Microsoft, The New York Times, Times Locations: Europe, khays@businessinsider.com

☆ Nvidia shows no signs of AI slowdown after over 400% increase in data center business
▼ + stars: | 2024-05-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. Nvidia's most important clients for its graphics processing units are the big cloud providers — Amazon Web Services, Microsoft Azure, Google Cloud and Oracle Cloud. For example, CoreWeave, a GPU cloud, is currently quoting $4.25 per hour to rent an Nvidia H100. Huang said Meta has declared its intention to spend billions on 350,000 Nvidia chips, even though the company isn't a cloud provider. Meta's cluster of servers is an example of "essential infrastructure for AI production," Huang said, or, "what we refer to as AI factories."

Persons: Jensen Huang, There's, Nvidia's, Colette Kress, Kress, Huang, Meta, Blackwell, Elon Musk's xAI Organizations: Nvidia Corp, Nvidia, Technology Conference, Web Services, Microsoft, Google, Oracle, NVIDIA, Facebook, Meta, Tesla Locations: San Jose , California

☆ Embattled AI firm Appen loses more executives, months after Alphabet cut ties
▼ + stars: | 2024-05-22 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Appen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft , Nvidia and Google , has lost its executives in charge of revenue and marketing. The departures follow Alphabet 's announcement in January that it was cutting all contractual ties with Appen, which once helped train Google's chatbot and other AI products. Two weeks after that decision, Appen CEO Armughan Ahmad left after just 12 months on the job. After a "strategic review process," Alphabet notified Appen in January of the termination, which went into effect March 19, according to a filing from Appen. Companies are spending far more on processors from Nvidia and less on external AI training from companies like Appen.

Persons: Andrew Ettinger, Alicia Hale, Ryan Kolln, Google's, Armughan Ahmad, Appen's, Kolln, OpenAI's ChatGPT, Appen didn't Organizations: Microsoft, Nvidia, Google, CNBC, Apple, Amazon, Appen, Australian Securities Exchange Locations: Australian

Analyst Ronald Epstein downgraded the electronics maker to underperform from neutral and slashed $15 off his price target to $150. Analyst Rupesh Parikh reiterated his outperform rating on the wholesaler, while lifting his price target by $45 to $850. Analyst Tal Liani reiterated his buy rating on the software stock and price target of $315. Analyst Gabriela Borges upgraded the retail software stock to buy from neutral and raised her price target by $7 to $74. He also slapped a $42 price target on the stock, implying upside of nearly 17%.

Persons: Goldman Sachs, Piper Sandler, Kraft Heinz, Ronald Epstein, Epstein, — Alex Harring, Oppenheimer, Rupesh Parikh, Parikh, Alex Harring, Daniel Grosslight, Grosslight, HIMS, he's, Tal Liani, Liani, CORA, it's, Morgan Stanley, Josh Baer, Baer, Box's, there's, Goldman, Gabriela Borges, Borges, Shopify, Michael Lavery, Lavery, KHC, Fred Imbert Organizations: CNBC, Garmin Garmin, Bank of America, Garmin, Costco, Citi, Kraft, ~$ Locations: Tuesday's, Swiss, Shopify

☆ News Corp. and OpenAI strike 'multi-year global partnership' deal to use journalistic content to improve ChatGPT
▼ + stars: | 2024-05-22 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access current and archived articles from News Corp.'s outlets, including The Wall Street Journal, MarketWatch, Barron's, The New York Post and more. As part of the deal, OpenAI will be able to display content from News Corp.-owned outlets within its ChatGPT chatbot, in response to user questions. The news follows Reddit's announcement on Thursday that it will partner with OpenAI, allowing the ChatGPT maker to train its AI models on Reddit content. As part of that deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release. Google announced a similar partnership with Reddit in February, allowing the company to train its AI models, such as Gemini, on Reddit content via access to the platform's API.

Persons: Sam Altman, Robert Thomson, OpenAI, Reddit, Mira Murati, Murati Organizations: Economic, News Corp, Wednesday, Street, The New York Post, News, Google, Reddit Locations: Davos, Switzerland, OpenAI, The, OpenAI's

☆ Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks
▼ + stars: | 2024-05-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A trading mistake at Citigroup in 2022 has led to a $78 million fine against the bank. The "fat-finger" trade caused a brief flash crash in European stocks in May 2022. The brief flash crash caused by the mistaken trade briefly wiped out $322 billion in market value. A trader in Citigroup's London unit entered one too many zeros in a trade in May 2022, sparking a short-lived flash crash in European stocks. AdvertisementThe $78 million fine from UK regulators is in addition to about $50 million Citigroup lost on the trade, bringing the total cost of the fat-finger trade to about $130 million.

Persons: — Organizations: Citigroup, Service, Bloomberg, Bank of England's Prudential Regulatory Authority Locations: Citigroup's London, Stockholm

☆ Watch CNBC's full interview with Wedbush's Dan Ives and Gerber Kawasaki's Ross Gerber
▼ + stars: | 2024-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wedbush's Dan Ives and Gerber Kawasaki's Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Gerber Kawasaki's Ross Gerber, Brian Sullivan, “ Organizations: CNBC

☆ Nickelodeon star Danny Tamberelli on how his growing up both on set and off has shaped his parenting
▼ + stars: | 2024-05-21 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

Read previewRecently Danny Tamberelli was dropping his 4-year-old son Alfie off at preschool when one of the teachers pulled him aside. Yet Tamberelli's mom had taught him to always engage with fans, asking them about themselves and forming a genuine connection. AdvertisementCourtesy of Danny Tamberelli"I want to teach my children about fame through communication," Tamberelli said. Tamberelli's mom was always on set with himMost recently, Tamberelli has done that by indulging in the nostalgia that his fellow 90s kids love so much. Tamberelli declined to comment on the film but said his mother was always a protective force on set.

Persons: —, Danny Tamberelli, Alfie, She'd, Arnold, Tamberelli, he'll, he's, Penelope, There's, Kate, Peter Detweiler, Tamberelli's, that's, Little Pete, Danny Organizations: Service, School, Business, Ducks, Con, Hollywood

☆ OpenAI's Scarlett Johansson saga reveals an 'ask forgiveness, not permission' problem
▼ + stars: | 2024-05-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI's biggest critics have long held the view that Sam Altman's success has been built on an "ask forgiveness, not permission" strategy that could come back to haunt him. The ChatGPT maker has been embroiled in fresh controversy since Monday after Scarlett Johansson lashed out at the company over a new voice feature for its chatbot. her — Sam Altman (@sama) May 13, 2024OpenAI has responded to the criticism by pulling the Sky voice entirely. AdvertisementThough Johansson and Pichai have not filed lawsuits against OpenAI, the "ask forgiveness, not permission" strategy that critics accuse the company of has already landed it in legal hot water. Creators who suspect their work has been used to train OpenAI without their permission will probably wonder why they weren't offered an agreement in the first place.

Persons: —, Sam Altman's, Scarlett Johansson, Mr Altman, Johansson, ChatGPT, Altman, Theodore, Joaquin Phoenix, Sam Altman, OpenAI, Sundar Pichai, Pichai Organizations: Service, Business, NPR, OpenAI, YouTube, Authors, New York Times, Sony Music, Financial Times, Creators Locations: San Francisco

☆ Sundar Pichai says OpenAI might have breached YouTube's terms and conditions to train its text-to-video model Sora
▼ + stars: | 2024-05-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI might've breached YouTube's terms and conditions to train its text-to-video model Sora, says Google CEO Sundar Pichai. "So you felt like they had broken your terms and conditions, or potentially, or if they had, that wouldn't have been appropriate?" Sundar Pichai says he believes OpenAI's Sora breached YouTube's terms and conditions and he is sympathetic to creators whose content is being used to train AI models pic.twitter.com/mF1D6XjYf8 — Tsarathustra (@tsarnick) May 20, 2024Earlier in the interview, Pichai revealed that YouTube was still "following up and trying to understand" how OpenAI had trained Sora. "We have terms and conditions, and we would expect people to abide by those terms and conditions when you build a product, so that's how I felt about it." AdvertisementJohansson said in a statement that she had turned down OpenAI CEO Sam Altman's offer to voice its latest GPT-4o model.

Persons: —, Sora, Sundar Pichai, Nilay Patel, Pichai, OpenAI's Sora, OpenAI, Mira Murati, Joanna Stern, Stern, Murati, I'm, Neal Mohan, Emily Chang, would've, Mohan, didn't, Scarlett Johansson, Johansson, Sam Altman's, Spike Jonze's, We’ve Organizations: Service, Business, YouTube, coy, Google, BI Locations: Amazon, ChatGPT

☆ Oil prices fall on fear of high U.S. interest rates depressing demand
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +2 min

Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. "Fears of weaker demand led to selling as the prospect of Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities. Lower interest rates reduce borrowing costs, freeing up funds which could boost economic growth and demand for oil. OPEC+ could extend some voluntary output cuts if demand fails to pick up, people with knowledge of the matter previously told Reuters.

Persons: Toshitaka Tazawa, Philip Jefferson, Michael Barr, Raphael Bostic, Ebrahim Raisi, Ayatollah Ali Khamenei, Mohammed Bin Salman, Fujitomi's Tazawa Organizations: Brent, . West Texas, Federal, Fujitomi Securities, Atlanta Fed, Reuters, Saudi Arabia's Crown, Iranian, Investors, Organization of, Petroleum Locations: Kawasaki, Kanagawa Prefecture, Japan, Saudi, OPEC

☆ Sam Altman's self-own with ScarJo reveals a troubling question about OpenAI: What's with these clowns?
▼ + stars: | 2024-05-21 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI's fight with Scarlett Johansson isn't just a PR disaster (and a big one at that). Most of all, it shows there's just really, really bad judgment going on at the highest levels of Sam Altman's company. But everyone immediately noticed that the "Sky" voice that ended up on ChatGPT reminded them of ScarJo. And then Sam Altman, in one of the greatest self-own moves of the generative AI era, tweeted out "her" during the product demo last week. The OpenAI team used a Scarlett Johansson sound-alike voice — also completely avoidable.

Persons: —, Scarlett Johansson isn't, there's, Sam Altman's, ScarJo, Johansson, OpenAI, Scarlett Johansson, Sam Altman, wasn't, Johansson's, Altman, it's, Ilya Sutskever Organizations: Service, Business, Hollywood, SAG, CNN, Reuters, Marvel, tech's, Facebook, Microsoft, eventual Locations: Turkey

☆ Microsoft, Khan Academy provide free AI assistant for all educators in US
▼ + stars: | 2024-05-21 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Microsoft is partnering with tutoring organization Khan Academy to provide a generative AI assistant to all teachers in the U.S. for free. Khanmigo for Teachers, which helps teachers prepare lessons for class, is free to all educators in the U.S. as of Tuesday, with the financial support of Microsoft. Microsoft and Khan Academy are also planning to provide more AI-powered math tutoring to students through a new open-source small language model from Microsoft's Phi-3 AI technology. The relationship between the tech giant and education nonprofit will also feed back into Microsoft's Copilot AI, with more Khan Academy content added, and Khan content brought into Microsoft Teams for Education, an existing free communication app for students and teachers. Microsoft co-founder Bill Gates recently recommended Khan's new book on AI in education.

Persons: Sal Khan, Sam Altman, Greg Brockman, zeroed, Khan, Nadia, Alan Turing's, Khanmigo, Bill Gates, Gates Organizations: Microsoft, Academy, Khan Academy, CNBC, Khan, CNBC's Technology, Phi, Microsoft Teams, Education Locations: U.S

☆ Scarlett Johansson says she declined Sam Altman's offer to voice ChatGPT. Now she's lawyered up after an 'eerily similar' voice was released.
▼ + stars: | 2024-05-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

"We believe that AI voices should not deliberately mimic a celebrity's distinctive voice — Sky's voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice," the blog post said. AdvertisementIn a statement provided to BI, Altman said the Sky voice is not Johansson and was not intended to be similar to hers. "We cast the voice actor behind Sky's voice before any outreach to Ms. Johansson. Out of respect for Ms. Johansson, we have paused using Sky's voice in our products," Altman said. "We are sorry to Ms. Johansson that we didn't communicate better."

Persons: —, Scarlett Johansson, OpenAI, Sam Altman's, Johansson, Altman, Sky's, Katie Notopoulos, Sam Altman Organizations: Service, Business, BI

☆ Elon Musk waded in on Scarlett Johansson's dispute with OpenAI, and couldn't resist throwing shade at his tech rival
▼ + stars: | 2024-05-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk has waded into the dispute between Sam Altman and Scarlett Johansson. Musk has also started his own AI company, xAI, and launched a ChatGPT rival called Grok. AdvertisementSam Altman played into the speculation by posting the word "Her" on X, but OpenAI executives denied the likeness was intentional. However, on Monday, the company abruptly announced that "Sky," the voice used in the GPT-4o demo, would be temporarily removed.

Persons: —, Elon, Sam Altman, Scarlett Johansson, Musk, Johansson's, OpenAI, Sam Altman's, Altman, Scarlett Johansson's, chatbot, Johansson, Jan Leike Organizations: Service, Business, BI

☆ Former Google employee says company's AI work is driven by 'a stone cold panic that they are getting left behind'
▼ + stars: | 2024-05-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewGoogle might be one of the biggest players in the AI space, but an employee says the tech giant's work in the field has been motivated by "stone cold panic." But Google, Jenson said, wasn't the only tech giant guilty of making this mistake. AdvertisementJenson's scathing assessment comes as tech giants like Google and Apple have been struggling to play catch-up with AI upstarts like OpenAI. AdvertisementWhen Google unveiled its new AI model Gemini 1.5 on February 15, OpenAI dropped its text-to-video model Sora just a few hours later. Last week, OpenAI debuted its new flagship AI model, GPT-4o, a day before Google announced various updates for their models.

Persons: —, Scott Jenson, Jenson, Tony Stark, who'd, Apple didn't, Siri, OpenAI, Sam Altman Organizations: Service, Google, Business, LinkedIn, Stanford, Android, Facebook, Apple, BI, New York Times, OpenAI, iOS, Bloomberg Locations: Siri, Cupertino

☆ The environment for the rally to continue is strong, says New York Life Investment's Lauren Goodwin
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe environment for the rally to continue is strong, says New York Life Investment's Lauren GoodwinYardeni's Eric Wallerstein and New York Life Investment's Lauren Goodwin join 'Closing Bell' to discuss earnings, Nvidia, and the outlook for the market rally.

Persons: Investment's Lauren Goodwin Yardeni's Eric Wallerstein, Investment's Lauren Goodwin Organizations: York, Nvidia

☆ A GenX chef says he's weaning off food delivery apps like DoorDash and Uber Eats because of 2 big downsides. Here's what he's doing instead.
▼ + stars: | 2024-05-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

When the food-delivery apps like DoorDash, UberEats, and Grubhub came out, he signed up, like many restauranteurs. Food delivery apps have also come under scrutiny for charging customers high fees and underpaying drivers. He said one issue was quality control, adding that the food-delivery apps don't always do enough to vet drivers. AdvertisementMarciante uses Owner.com, a startup that has raised millions in funding to help restaurants ditch the food-delivery apps. The other food-delivery apps did not respond to requests for comments from BI.

Persons: —, Tony Marciante, Grubhub, BI's Alex Bitter, Marciante, There's, he'd, Uber, DoorDash, Tony's Organizations: Service, Business, BI Locations: Bethesda , Maryland, Rockville , Maryland

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