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Last week, the Manhattan U.S. attorney, Damian Williams, called for an outside authority to take control of the jails, saying that “after eight years of trying every tool in the tool kit we cannot wait any longer for substantial progress to materialize.” And the federal judge who appointed the monitor as part of a civil rights case against the jails, Laura Taylor Swain, has recently signaled a deep frustration with the city’s Correction Department. For his part, Mr. Molina and his staff members have touted progress, pointing to department statistics that show a decrease in deaths, as well as in slashings and stabbings. But the creation of the new, tight-lipped investigative group — known as the special investigations unit — and other moves emanating from the commissioner’s office have called into question whether such statements can be trusted, records and interviews show. While there is nothing inherently wrong with a commissioner changing the structure of the units within the department, former correction officials say, the new unit’s refusal to divulge details of one violent incident has hampered the work of the monitor and other watchdog groups. The unit that is now being criticized was created on the same day in April that the federal monitor, Steve J. Martin, filed a report with the court praising the department’s willingness to take steps toward reform.
Persons: Damian Williams, Laura Taylor Swain, Molina, Steve J, Martin Organizations: Manhattan U.S, city’s, Department Locations: slashings
People have just discovered that Apple Maps has a loyal fanbase, and is actually quite good. But die-hard Google Maps users won't stop reminding them of how bad the app was at its 2012 launch. Earlier this week The Wall Street Journal published one of the most divisive articles you can imagine: a deep-dive into Apple Maps – and the people who love them. It's hard to compete with a product as beloved as Google Maps, which literally helped open up our world. The app was so bad that Tim Cook had to apologize and encourage people to use Google Maps instead.
Persons: Tim Cook, they've, Steve Jobs, it'd Organizations: Apple, Morning, Google, Twitter, Apple Watch, Tech
Michael Moritz, one of Silicon Valley's best-known investors, is leaving Sequoia Capital. Moritz has spent almost 38 years at the firm and led investments into the likes of Google and PayPal. He will now focus on Sequoia's wealth management unit, The New York Times' DealBook reported. Michael Moritz, one of Silicon Valley's best-known investors, is leaving Sequoia Capital after nearly four decades at the firm, The New York Times reported on Wednesday. DealBook reported that Moritz would continue to represent the firm at a handful of companies but would be replaced on the boards over time.
Persons: Michael Moritz, Moritz, Steve Jobs, Roelof Botha, Sequoia, DealBook Organizations: Sequoia Capital, Google, PayPal, New York Times, The New York Times, Apple, Sequoia, Sequoia Heritage, . Sequoia Capital Locations: Europe, India, Southeast Asia, China
On Tuesday, she ordered the city to inform the U.S. attorney’s office and others how it planned to fix some of the pressing issues within the jails. Shortly after the judge’s order was made public, Mayor Adams delivered a strenuous defense of his management of the jails. “I am the best person in this administration to finally turn around the Department of Correction,” the mayor said during a news conference. Mr. Adams asked what had changed since then to suggest that the city should be stripped of its authority. In a series of recent reports, the first of them issued in May, Mr. Martin criticized Mr. Adams and his correction commissioner, Louis A. Molina, for hiding episodes of violence and negligence.
Persons: Swain’s, Mayor Adams, Adams, Williams, Steve J, Martin, Mr, Louis A, Molina Organizations: of Correction, Mr Locations: U.S, Rikers
Apple iPhone from 2007 sells for $190,000
  + stars: | 2023-07-18 | by ( Caolán Magee | ) edition.cnn.com   time to read: +2 min
CNN —A first-edition 2007 Apple iPhone has sold for more than $190,000 at auction, far exceeding the estimate. Dubbed the “Holy Grail” by auctioneer LCG Auctions, the 4GB model was expected to fetch in the region of $50,000-$100,000. An original 2007 Apple iPhone Factory Sealed (First Release, 4GB) sold at auction for $190,372.80. Earlier this year, a first-generation 2007 iPhone sold for more than $63,000, while another unopened first-generation iPhone sold for more than $39,000 in a listing also by LCG Auctions in October. “It’s a real revolution to bring real Web browsing to a phone.”Other rare Apple memorabilia or relics of Jobs’ life have also sold at auction for eye-watering prices.
Persons: LCG, Steve Jobs, , Jobs, Organizations: CNN, Apple, LCG Auctions, Macworld
An unopened, original Apple iPhone from 2007 fetched nearly $200,000 at auction. The 4 GB first-generation iPhone sold for $190,372, blowing past sales estimates of $50,000 to $100,000. The sale price is more than 317 times the iPhone's original price of $599. The sale shattered the record set in February, when an unopened, first-generation 8 GB iPhone sold at auction for $63,356.40. The original iPhone sold at auction Sunday belonged to a member of the original engineering team at Apple when the iPhone first launched.
Persons: we've, Mark Montero, Steve Jobs, Max Organizations: Apple, Morning, LCG, Consumers
Pity the poor 7-footer. That’s the message of two new documentary series about storied basketball players: “The Luckiest Guy in the World,” about Bill Walton (available in the “30 for 30” hub at ESPN Plus), and “Goliath,” about Wilt Chamberlain (premiering Friday at Paramount+ and Sunday on Showtime). The sportswriter Jackie MacMullan delivers what could be a thesis statement for both in “Goliath”: “I’ve found that big men are much more sensitive than we realize.”Chamberlain, who died of heart failure in 1999, and Walton both have well-defined personas, which they participated in creating. It’s engagingly introspective and personal, in part because James pushes back against Walton’s incessant recitation of the title phrase. How can Walton call himself the luckiest guy in the world, James asks from behind the camera, when his career was utterly ravaged by injuries that eventually crippled him and drove him to consider suicide?
Persons: Guy, Bill Walton, “ Goliath, , Wilt Chamberlain, Guy ”, Goliath, ESPN's, Michael Jordan, Jackie MacMullan, , ” Chamberlain, Walton, Chamberlain, Steve James, Lionel Hollins, Dave Twardzik, James Organizations: ESPN Plus, Paramount, Showtime, Walton, Portland Trail Blazers
All the King’s Presidents: The Power of Soft Diplomacy President Biden is the first U.S. leader King Charles III has met since ascending the throne, but Britain’s new monarch has a long history with presidential get-togethers, using them to strengthen U.S.-U.K. ties and advance his own causes. Photo Composite: Daniel Orton
Persons: Biden, King Charles III, Daniel Orton Organizations: Soft Diplomacy Locations: U.S
In recent weeks, banks have stepped up efforts to prevent such losses, according to commercial real estate (CRE) analysts and industry data. The 23 largest U.S. banks held 20% of office and downtown retail CRE loans, according to the U.S. Federal Reserve. Small banks also have high exposure to CRE loans as a percentage of their assets. About $2.1 billion of office loans pooled in CMBS matured in May, almost double the total amount from January through April, for example. If borrowers agreed to loan extensions, some $10.8 billion of office loans maturing this year would be pushed to later years, Moody's said.
Persons: Shaishav Agarwal, Agarwal, Steve Jellinek, Moody's, Kevin Fagan, Fagan, ” Fagan, Eliasaf, , Banks, Shankar Ramakrishnan, Matt Tracy, Paritosh Bansal, Nick Zieminski Organizations: U.S, Deutsche Bank, U.S . Federal, Manhattan, Northwind, Thomson Locations: York
A federal monitor overseeing New York City’s violent and dangerous jails asked a judge on Monday to consider holding the Department of Correction and its commissioner in contempt for disobeying court orders, opening the possibility that officials could be punished for failing to improve conditions. Conditions on Rikers Island have only worsened since the Correction Department developed an improvement plan a year ago, Mr. Martin wrote. Doors are still not properly secured, correction officers continue to abandon posts and detainees often gather in high-security areas, he said. During routine searches, officers miss weapons, which have later been used in violent episodes, Mr. Martin said. Last year, 19 people died in city jails or at hospitals soon after release — the deadliest year in nearly a decade.
Persons: Steve J, Martin Organizations: York, of Correction, Correction Department Locations: Manhattan, Rikers
It now sees the natural hazard allowance for fiscal 2024 to increase to A$1.36 billion ($907.4 million), as compared with A$1.16 billion set aside for fiscal 2023, Suncorp said. read moreGroup natural hazard experience for fiscal 2023 is expected between A$1.25 billion and A$1.28 billion, the company added. Suncorp intends to maintain its underlying insurance margin within a 10% to 12% range, as it continues to reflect increased input costs, the company said in a statement. "We continue to see a significant reassessment of risk... which reflects elevated natural hazard activity in recent years... ($1 = 1.4993 Australian dollars)Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Steve Johnston, Roushni Nair, Shailesh Organizations: Suncorp, New Zealand, Thomson Locations: Australia, New, Bengaluru
Moving forward, I'll be a senior reporter on our flagship newsletter, Insider Today. Insider Today takes you inside the biggest stories in business, including tech. We're working on revamping Insider Today, and we want your feedback. Please fill out this quick, five-question survey to let us know what you want to see in the newsletter. Before we say "Bye Bye Bye" here — see you soon at Insider Today!
Persons: I'm, Siu, you've, you'll, Rebecca Zisser, we've, Elon Musk, Steve Jobs, Asia Martin, Arantza Pena Popo, Oran Cummins, Satya Nadella, William Bullock, Robert, Teodora Danilovic, Michael Parks, Diamond Naga Siu, Lisa Ryan, Alistair Barr, Hallam Bullock Organizations: Getty, Apple, Microsoft, OceanGate Expeditions Locations: Tech, Silicon, Midtown Manhattan, York City, San Diego, New York City, Silicon Valley, London
But the iPhone-maker almost didn't make it this far — it struggled in the '90s until Steve Jobs returned as the company's CEO. Apple has weathered hits and flops over the years, from the launch of the influential Apple II to the misguided Newton MessagePad. Apple surpassed a $3 trillion market cap on Friday morning — a milestone it previously hit once last year but didn't sustain. Michael Dell himself once quipped that if he were in Jobs' shoes, he'd shut Apple down and return the money to the shareholders. Here's a look into the history of Apple in photos, from its inception, through its hard times, to the triumphant return of Jobs.
Persons: Steve Jobs, Newton, Michael Dell Organizations: Apple, Morning, Microsoft
Walter Isaacson said Elon Musk could be "brutal" and would go into "demon mode" at times. She told him that while it can be "unpleasant" to be around Musk when he's in demon mode, it's also the mode that "gets shit done." Isaacson said he attributed Musk's "dark streak" and his willingness to take risks to his relationship with his father, Errol Musk. Errol Musk denied he contributed to Musk's "dark streak" in an emailed statement to Insider, saying that "these days Elon and I are on fairly good terms." Tesla cofounder Martin Eberhard previously told Insider that Musk used to scream at him over press coverage on Tesla.
Persons: Walter Isaacson, Elon, Musk, Elon Musk, Isaacson, Grimes, Musk's, it's, Claire Boucher, Steve Jobs, Leonardo da Vinci, " Isaacson, Theo Wargo, Jekyll, Mr, Hyde, he'd, Errol Musk, Gianliuigi Guercia, he's, Maye Musk, Stone, Maye, Gotham, Tesla, Martin Eberhard, Tim Higgins Organizations: Twitter, SpaceX
Moving forward, we'll be bringing you our top tech stories in our flagship newsletter, Insider Today. What do you want to see in Insider Today? The new tech bro is also becoming louder and brasher — they're trying to make being a techie cool. My colleague Grace Kay breaks down the "peak tech bro" persona and dives into its transformation over time. It currently has four main models: Model 3, Model Y, Model S, and Model X.
Persons: I'm, Siu, Alistair Barr, Hallam Bullock, Nathan Rennolds, we'll, Mark Zuckerberg, Jeff Bottari, Bill Gates, Steve Jobs, Larry Page, Jeff, Bezos, Mark, Zuckerberg, , Elon Musk, Grace Kay, Iris, Snowflake, Frank Slootman, Peek, ROMAN ROMOKHOV, Wagner, Tom Stuker, He's, Hope, Diamond Naga Siu Organizations: It's Tech, Insider, Tech bros, Google, ROMAN, Getty, United Airlines, Digital Summit Denver Locations: Sacramento, Tech, AFP, Asia, Singapore, Colorado, San Diego, Silicon Valley, London
It's a sign that top Silicon Valley executives are embracing a new era of the tech bro. The term "tech bro" has been around for the better part of a decade, but what it means to be a tech bro has changed over time. The metamorphosis of tech bro culture is most apparent in the evolution of founders like Zuckerberg and Jeff Bezos. Musk has made it cool to be a tech CEO and created a loyal fan base that few could rival. The Joe Rogan Experience/YouTubeThough, this kind of tech bro behavior can have consequences.
Persons: Elon Musk, Mark Zuckerberg, AirBnB, Brian Chesky, They've, Dana White, Lex Fridman, Andrew Tate, Tate, Sam Altman, he'd, Jeff Bottari, Bloomberg he'd, bro, , Webster, Zuckerberg, Jeff Bezos, Bill Gates, Steve Jobs, Larry Page, Bezos, Clive Mason, Joe Rogan, Vladimir Putin, Musk, Elon Organizations: Silicon, UFC, Bloomberg, Wired, Merriam, Getty, Twitter Locations: Valley
In February, the AGI House launched as a community hub for the buzzy Bay Area AI scene. Since launching in February this year, it's served as a hacker house and community hub for the Bay's exploding AI scene. Depending on the day, the residence houses between eight to ten AI founders and researchers, including a researcher from AI giant OpenAI. Stephanie PalazzoloFrom flying cars to fireside conversationsThe AGI House wasn't always the AGI House. "It's great to live in a community house where you're naturally connected to the AI founder community," she said.
Persons: Steve Jobs, Elon, it's, Demi Guo, Stephanie Palazzolo, wasn't, Andrej Karpathy, Rocky Yu, Karpathy, Sergey Brin, Kelly Peng, Yu, Jeremy Nixon, Tim Shi, Lerer Hippeau, Peng, Guo, There's, Greylock's, Corinne Riley AGI, they're Organizations: AGI, Technologies, Genesis, Foundation Capital Locations: buzzy, Hillsborough, Stanford, Alamo, LA, AGI, New York City, Stanford's
Startups are facing a "Mass Extinction Event" — and most people can't even see it. That's according to Tom Loverro, a general partner at IVP, who said: "The Mass Extinction Event for startups is underway." In our full analysis, we dive even deeper into this "Mass Extinction Event," including signs that can be gleaned from the fates of WeWork, Zume, and Plastiq. Investors shut out of traditional funding rounds are finding another way to snap up shares in buzzy AI startups. In an email to Twitter employees, Linda Yaccarino said it's her mission to turn Twitter into "the world's most accurate real-time information source."
Persons: Hallam Bullock, Alistair Barr, Melia Russell, Tom Loverro, Loverro, spigot, Jeff Bezos, Elon Musk Pascal Le Segretain, Michael M, Elon, Bezos, Andreessen Horowitz, Read, they're, Steve Jobs, Linda Yaccarino, it's, Matt Mikka's, YouTuber, we've, Shona Ghosh Organizations: London . Venture, Getty, Venture, Tech, Twitter, Tesla Locations: London, San Francisco
Tim Cook bets his legacy on augmented reality
  + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com   time to read: +11 min
David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.
Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, , Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, , Tim Bajarin, , ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai
It's been 18 years since Jobs delivered the speech, and the lessons he shared continue to resonate. Eighteen years later, the 15-minute speech continues to resonate, offering useful advice on life and work for people of all ages. "I decided to drop out and trust that it would all work out OK," Jobs said in the speech. 'Find what you love'The second story Jobs told recounted the time he was fired from Apple. "Your time is limited, so don't waste it living someone else's life," Jobs said, adding, "Don't let the noise of others' opinions drown out your own inner voice.
Persons: Steve Jobs, Jobs, he'd, Steve Wozniak, Apple, I'm, You've Organizations: Stanford University, Apple
He writes that Apple's latest $3,500 gadget is not just a VR "headset," but a bigger tech opportunity: spatial computing. Apple at long last revealed its long-anticipated "next big thing" — its Vision Pro — two days ago at its annual WWDC. "Minority Report" come to lifeViewed with the broader lens it deserves, however, Apple's Vision Pro represents so much more. It represents the dawn of an entirely new mass market and transformational tech opportunity of so-called "spatial computing." Spatial computing is essentially the film "Minority Report" come to life, three-dimensional computing divorced from the confines of physical screens.
Persons: Peter Csathy, Nanea Reeves, Tim Cook, Ralph Lauren, Joanna Popper, Bob Cooney, Evan Helda, Pierre, Stuart Rostain, Amy Allison, Tripp, Mark Zuckerberg, Apple's, Steve Jobs, Cook, Bob Iger, Jobs, Iger, Read Organizations: Creative Media, Morning, Fearless Media, Apple, CAA, Barnum, Amazon, Spatial Computing, European VRDays Foundation, Women, Disney, Pixar, Creativie Media Locations: Malibu, Netherlands
A year and a half into Louis A. Molina’s tenure as correction commissioner, the federal monitor overseeing the Rikers Island jail complex on Thursday took direct aim at his leadership, saying that the violence there remains unabated and that officials are hiding information about it. “The commitment to effective collaboration, as evidenced by the department’s recent performance, has deteriorated,” the monitor, Steve J. Martin, wrote in a report filed in federal district court. “The department’s approach to reform has recently become characterized by inaccuracies and a lack of transparency.”“These problems have grave consequences for the prospect of reform and eliminating the imminent risk of harm faced by incarcerated individuals and staff,” he added. A request for comment from the Department of Correction was not immediately answered. The report, the second that the monitor has filed in recent weeks, is the latest in a series of reports, court filings and statements in which those who oversee the jail and groups with vested interests in its improvement have sounded increasingly urgent alarms about the complex.
Persons: Louis A, Steve J, Martin, Organizations: Department of Correction
Facebook's going for ubiquity — the platform approach — but it's not working well. For anyone who has watched Apple's pricing strategy over the years, this approach shouldn't have been a surprise. Apple's pricing choice also illustrates a distinctly different pricing strategy than the one taken by Apple's big AR/VR rival, Facebook. But Apple's approach does come with a distinct advantage over Facebook's. If Vision Pro is a dud — or takes forever to gain traction — like Quest, Apple at least won't likely burn tens of billions on its investments in it.
Persons: it's, Apple, Facebook's, Steve Jobs, gizmo Organizations: Apple, Facebook, Quest VR, Quest, Microsoft
Oftentimes, commencement speakers conclude their speeches with something to the effect of, "now go out and change the world." Taking smart risks can ultimately lead to revolutionary ideas, says John Crowley, executive chairman of Amicus Therapeutics, a biotechnology company. But if your ultimate career goal is to change the world, you may be setting yourself up for disappointment. "Very few people have changed the world," Crowley tells CNBC Make It. Crowley says that smart risk-takers avoid setting lofty, broad goals, opting instead for clear, tangible goals.
Persons: John Crowley, Crowley, they've, , Bill Gates, Paul Allen, Steve Jobs, Steve Wozniak, Kelly Evans Organizations: Amicus Therapeutics, CNBC, Novazyme Pharmaceuticals, Genzyme Corporation, Microsoft, Apple
New York CNN —Months after Apple unveiled a privacy change that threatened Facebook’s core advertising business, the social networking company rebranded as Meta and shifted its focus to virtual reality. Apple (AAPL) on Monday unveiled its mixed reality headset, the Vision Pro, in one of its most ambitious product launches in years. On Thursday, just days before WWDC, Meta CEO Mark Zuckerberg tried to preempt the expected Apple headset announcement by teasing the Meta Quest 3. Apple on Monday unveiled its first-ever virtual reality headset, challenging Facebook-owner Meta in a market that has yet to gain widespread consumer adoption. Apple chose not to focus on the term “virtual reality,” nor did it show off disembodied avatars without legs inhabiting a virtual world, as Meta did initially.
Persons: Tim Cook, Mark Zuckerberg, Steve Jobs, Meta, Josh Edelson, Morgan Stanley, “ We’re, ” Sheeva, ” Eric Alexander, Apple, , Julie, Forrester, Zuckerberg, that’s, Alexander, ’ ”, It’s, D.A, Davidson, Tom Forte, Forte, Blackberry, ” Forte Organizations: New, New York CNN, Apple, Meta, Vision, Microsoft, Google, VR, Facebook, Getty, Street, IDC, ” Sheeva Slovan, Reality Labs, CNN, Apple's, WWDC, Disney Locations: New York, AFP,
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