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☆ 'The Circle' used an AI player to create a bot witch hunt — and soon, we might all be defending our humanity online too
▼ + stars: | 2024-05-04 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Max is the first AI contestant on "The Circle" — he's literally a chatbot. Max is pretty boring, but having an AI in the game turned it into a robot witch hunt. But bringing an AI player into the mix reflects some of the future online trials we're likely to face — and some that are already happening. Netflix"The Circle's" AI player is Max, a chatbot masquerading as a 26-year-old veterinary intern from Wisconsin who describes himself as an "animal whisperer with a knack for making bad pottery, no cap." AdvertisementMaybe the funniest part about Max is that they gave him his own apartment, complete with throw pillows of his human face.

Persons: Max, —, Asimov, Lauren doesn't, He's, Griffin James, who's, Pippa, Steffi, Stephanie, Hill, OpenAI, Alistair Barr, Katie Notopoulos, I'm, Myles Organizations: Service, Netflix, Washington Post Locations: British, Wisconsin

☆ After my divorce, I only get my kids half the time. I make the most when they are with me, even if it always feels rushed.
▼ + stars: | 2024-01-23 | by ( Isobella Jade | ) www.businessinsider.com time to read: +3 min

We alternate weeks, so the kids are with me one week and with him the next. Related storiesI know my kids may get less sleep, less quality meals, and less homework done at the other parent's home. Thinking ahead always helps to lower my stress and helps me maximize my time with my kids when they're with me. I also call to say goodnight most evenings, to let them know I'm always there and care. Having something to look forward to with my kids greatly helps my mental health.

Persons: I've, I'm Organizations: Service, Business

Béjar points to user perception surveys that show, for instance, that 13% of Instagram users — ages 13-15 — reported having received unwanted sexual advances on the platform within the previous seven days. Béjar said he doesn’t believe the reforms he’s suggesting would significantly affect revenue or profits for Meta and its peers. Meta, in a statement, said “Every day countless people inside and outside of Meta are working on how to help keep young people safe online. Today's testimony comes just two weeks after dozens of U.S. states sued Meta for harming young people and contributing to the youth mental health crisis. The lawsuits, filed in state and federal courts, claim that Meta knowingly and deliberately designs features on Instagram and Facebook that addict children to its platforms.

Persons: Frances Haugen, Arturo Béjar, Mark Zuckerberg, ‘, ”, “, ” Béjar, Zuckerberg, Instagram, Béjar, Sen, Richard Blumenthal, Missouri Sen, Josh Hawley, —, doesn’t, ’, Meta Organizations: Facebook, Wall Street, Meta, Associated Press, Connecticut Democrat, AP, “ Locations: Connecticut, Missouri

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ Morgan Stanley still likes these Chinese stocks despite a country downgrade
▼ + stars: | 2023-08-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Morgan Stanley has decided to take a break, downgrading MSCI China to equal weight while recommending a few consumer and industrial names. The Politburo meeting signaled policy easing, but outstanding issues — of debt, property, jobs and geopolitics — need significant improvement for sustainable inflows, the Morgan Stanley analysts said. Morgan Stanley has so far only changed it once this year: a cut in July to 5%. And despite their downgrade of Chinese stocks, the analysts added two mainland-traded A shares to their focus list. In its latest report, Morgan Stanley analysts also turned overweight on India.

Persons: Morgan Stanley, Laura Wang, Fran Chen, Wood, Warren Buffett, behemoth BlackRock, Biden, Liqian Ren, Ren, Hang Seng, Jack Ma's Alibaba, Morgan Stanley's, Morgan, WisdomTree's Ren doesn't, Ren doesn't, Michael Bloom Organizations: U.S, Chinese Communist Party, China ETF, WisdomTree Trust, Owned Enterprises ETF, Wall, JPMorgan, Baidu, State, Owned Enterprise Fund, Ping An Insurance Locations: China, . U.S, WisdomTree, WisdomTree Trust China, Morgan, Morgan Stanley's China, Hong Kong, India

☆ Elizabeth Warren scoffs at the idea that banks like SVB can be trusted to do their own stress testing: 'I taught school for many, many years. And I did not let my students do their own testing'
▼ + stars: | 2023-03-15 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

She's criticized Trump-era rollbacks on banking oversight for making the SVB failure possible. "Those are much smaller than the bigger banks," CNBC host Sara Eisen said to Warren, referring to banks like SVB. "We've had a number of those CEOs on the shows in the last few days" such as Charles Schwab, she said, who "do their own stress testing." The whole point of stress testing is for someone on the outside of the bank to say, 'what could go wrong here?' What happened to SVB, Warren wrote, is "the direct result of leaders in Washington weakening the financial rules."

☆ Wall Street reacts to Silicon Valley Bank's bailout
▼ + stars: | 2023-03-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

When federal regulators stepped in to guarantee deposits at Silicon Valley Bank and Signature Bank late Sunday (more on that here), the goal was simple: Ease the public concerns and calm the markets. Silicon Valley Bank was shut down by regulators on Friday. So about that auction... SVB Financial Group, the parent company of Silicon Valley Bank, is still looking for a buyer. Silicon Valley Bank's UK arm was sold to HSBC for roughly $1 (no, I'm not missing any zeros). Silicon Valley Bank died so interest-rate hikes would stop.

☆ If you're not planning to have kids, you can rethink 'the whole foundation' of your financial plan
▼ + stars: | 2022-10-25 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

"Most, if not all, financial rules of thumb assume you have kids," says Jay Zigmont, a certified financial planner and author of "Portraits of Childfree Wealth." Take the possibility of kids out of the equation, and "the whole foundation of your financial plan changes." If you're still aiming for traditional financial landmarks, such as retiring at 65, you may be following someone else's financial "life script" that doesn't match up with your goals, Zigmont says. Here are three strategies Zigmont, who specializes in advising childfree clients, says childfree people can employ, even though they deviate from the standard advice. And to be clear, just because you're not spending your money on children doesn't mean it's OK to abandon core financial principles altogether.

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