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☆ Fact Check-Claim that ABC is cancelling ‘The View’ stems from satirical website
▼ + stars: | 2023-06-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

American television network ABC has not cancelled its talk show “The View” or removed it from the 2024 roster, a network spokesperson said in response to a claim that originated from a satirical website. However, the headline originates from an article (archive.is/PWQ03) on a satirical website, the Dunning-Kruger Times, which has been the source of claims previously debunked by Reuters (here), (here). A spokesperson for ABC told Reuters in an email that the claim about “The View” being cancelled is not true. ABC has not cancelled “The View” as of June 8, 2023. The claim originated on a satirical website.

Persons: Joe Barton, Roseanne Barr, Dunning, “ Dunning, Kruger, Read Organizations: ABC, Facebook, Kruger Times, Reuters, Defense

☆ With talk of a Tesla Gigafactory coming to France, Elon Musk heads to the country's biggest tech event
▼ + stars: | 2023-06-08 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The tech billionaire has said Tesla is hoping to make a major investment in the country. Next week, Musk has a chance to tackle both. Musk getting on stage with the chairman of Publicis at Vivatech should help Twitter's cause here, unless the tech billionaire says the wrong thing. After that gathering, Musk said Tesla was looking to make a significant investment in the country. By the way, Insider advertising reporter Lara O'Reilly will be at Vivatech too next week.

Persons: Elon Musk, Tesla, Elon, Musk, He's, Maurice Lévy, Linda Yaccarino, WPP's GroupM, Emmanuel Macron, Lara O'Reilly Organizations: Tesla, Twitter, The New York Times, Times, Renault, Peugeot Locations: Paris, Vivatech, France, Germany

☆ Instagram and Facebook are reeling in TikTok
▼ + stars: | 2023-06-08 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

TikTok has been growing like a weed for years, but it's 'flattening' now, Morgan Stanley found. Reels is being used a lot more by Instagram and Facebook users. TikTok has grown like a weed for years, prompting Meta CEO Mark Zuckerberg to pull another clone out of this social-media bag. That service, known as Reels, is beginning to make headway against TikTok, according to a new survey by Morgan Stanley. "This flattening of TikTok adoption as other platforms rise is notable," the Morgan Stanley analysts wrote in a note to investors.

Persons: TikTok, Morgan Stanley, Mark Zuckerberg, Zuckerberg Organizations: Facebook, TikTok, Meta

☆ US, European hotel rates may keep rising, industry executives say
▼ + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. The number of U.S. hotel rooms increased about 3% in April of 2023 from the same month in 2019. Some 153,000 hotel rooms were under construction in April of 2023, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from the same month in 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said.

Persons: Keith Barr, Barr, It's, Mark Hoplamazian, Michael Tran, Sebastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang, Paul Simao Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, RBC Capital Markets, Thomson Locations: U.S, Europe, Paris, London, New York

☆ US, European hotel room rates could keep rising - industry executives
▼ + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. Some 153,000 hotel rooms were under construction in April, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said. Bazin said Paris hotel prices in the past six months cost 50% more than in 2019, while prices in London rose 30% over the same period.

Persons: Keith Barr, It's, Barr, Mark Hoplamazian, Sébastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, U.S, Hotels, Thomson Locations: U.S, Europe, Paris, London, New York

☆ iPod godfather says Apple 'jumped the shark' with its Vision Pro headset
▼ + stars: | 2023-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

Tony Fadell, a former Apple executive known as the iPod godfather, just dunked on the company's new $3,499 Vision Pro headset. But he slammed the price, battery life, and other aspects. "It's has truly nothing to do with 2hr battery life," Fadell responded. "The apps & marketing pitch is awful even if it had 24 HR battery life…. "There's no dancing in the virtual world when people don't even have bodies.

Persons: Tony Fadell, Fadell, Jeff Lutz, Apple, It's, I'm Organizations: Wired, Apple, Tech

☆ No Tim Cook, the Apple Vision Pro headset does not cost '$34.99'
▼ + stars: | 2023-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +1 min

Still, the cost of the new Vision Pro headset is taking people's breathe away. Tim Cook was asked about the hefty price tag during an interview on Good Morning America. On Good Morning America, Apple CEO Tim Cook was asked how much the new Vision Pro headset costs. The high price of the Vision Pro even took the edge off of Apple's product launch, which is usually a fanboy lovefest. During the GMA interview, Roberts asked Cook whether the device is something that the average person will be able to afford.

Persons: Tim Cook, couldn't, Robin Roberts, Roberts, Cook, You've Organizations: Morning, Apple, GMA Locations: Morning America

☆ Apple CEO Tim Cook says he uses ChatGPT and is excited about the chatbot
▼ + stars: | 2023-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Tim Cook didn't blink when the CEO was asked whether he uses ChatGPT. Cook has been cautious about generative AI, while other CEOs have been saying 'AI' over and over. Apple CEO Tim Cook said he uses ChatGPT and is excited about the chatbot, during an interview on Good Morning America. That last bit is Tim Cook code. "It's very important to be deliberate and thoughtful on how you approach these things," Cook said during an Apple earnings call earlier this year.

Persons: Tim Cook, Cook, Microsoft's Bing, Google's Bard Organizations: Apple, Street Journal, Morning, Microsoft, Google Locations: OpenAI

☆ Why are there no photos of Tim Cook and other Apple executives wearing the company's Vision Pro headset?
▼ + stars: | 2023-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Top Apple reporter Mark Gurman noted there are no photos of Tim Cook wearing the Vision Pro headset. At the end of a busy day covering Apple's latest gadget, reporter Mark Gurman noticed something strange: There were no images of CEO Tim Cook or other Apple executives wearing the company's new Vision Pro headset. "Unless I missed something, it is very curious to me why there are no photos of Tim Cook or other Apple executives actually wearing the Vision Pro. Steve Jobs with the first iPhone APThis time, the Vision Pro device was shown on the faces of various models, who were mostly women. Various theories are being floated on why Cook and other Apple executives haven't been pictured wearing the devices.

Persons: Mark Gurman, Tim Cook, Mark Zuckerberg, Steve Jobs, Cook, haven't, Zac Hall, Apple, he's, Phillip Shoemaker Organizations: Apple, Morning, VR, Apple App

☆ The internet is losing its shit over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro is just another pair of nerd goggles that will make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. And ever since the announcement, people have been relentlessly mocking Apple's first major product launch in over eight years.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, AppleVisionPro, barreling, gwyneth paltrow, that's, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, VR, Apple Locations: Redfin, Cupertino

☆ The internet is losing it over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product-design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro was just another pair of nerd goggles that would make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. "This sounds like the disappointed crowd from Wii sports," a tweet about the viral video said.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, barreling, gwyneth paltrow, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, Apple Locations: Cupertino

☆ Apple's Vision Pro has a familiar fatal flaw: They are nerd goggles that will make most people look uncool
▼ + stars: | 2023-06-05 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

This is the reality for Apple's Vision Pro mixed-reality headset: It's another pair of nerd goggles that will make most people look decidedly uncool. For now, the Vision Pro has failed to do pull this off. Its hard to imagine Apple Vision Pro ever becoming cool. Would she be impressed by a guy wearing a $3,499 Apple Pro Vision headset? The ultimate goal is probably to pack all the prowess of the Vision Pro into a cool slim pair of glasses.

Persons: Scott Galloway doesn't, it's, Max, Apple, —, Scott Galloway, Mark Gurman Organizations: Apple, Apple's, NYU, Apple Watch Locations: New York City, New York

☆ US banks could face 20% hike to capital requirements - WSJ
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average, the Wall Street Journal reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year. Regulators are on track to propose the changes as early as this month, the WSJ reported, citing people familiar with the matter. Fed Vice Chair for Supervision Michael Barr said the central bank was "carefully considering" rule changes for larger regional banks. The WSJ said that the precise amount of capital requirements will depend on the bank's business, with U.S. megabanks with big trading businesses expected to face the largest increases. Banks such as Morgan Stanley (MS.N) and credit card giant American Express (AXP.N) that are heavily dependent on fee income, such as from investment banking or wealth management, could also face large capital increases, the WSJ said.

Persons: Michael Barr, Banks, Morgan Stanley, Baranjot Kaur, Savio D'Souza Organizations: Wall Street, Regulators, WSJ, U.S, U.S . Federal, Congress, American, American Express, Reuters, Thomson Locations: U.S, U.S ., Bengaluru

☆ Kathleen Folbigg: Mother who served 20 years for killing her four babies pardoned
▼ + stars: | 2023-06-04 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Folbigg was jailed in 2003 on three counts of murder and one of manslaughter following the deaths of her four babies over a decade from 1989. As recently as 2019, an inquiry into her convictions found there was no reasonable doubt she had committed the crimes. But another inquiry began last year after new scientific evidence emerged that provided a genetic explanation for the children’s deaths. Examination of the babies’ remains failed to find any physical evidence they’d been suffocated, but without another plausible reasons to explain their deaths, suspicion focused on Folbigg. During Folbigg’s 2003 trial, the prosecution used “coincidence and tendency” evidence to allege that Folbigg had also killed Caleb.

Persons: Australia CNN —, General Michael Daley, Kathleen Folbigg, Daley, ” Daley, Folbigg, Sophie Callan, Folbigg’s, ” Patrick, Craig Folbigg, she’d, Caleb, Patrick, Sarah, Laura, Graham Barr, Barr, ”, Laura Folbigg, Shutterstock, ’, Tom Bathurst, Laura – Bathurst, “, Bathurst, “ We’ve, We’ve, You’d Organizations: Australia CNN, New South Wales, South, South Wales Supreme, New South, New South Wales Supreme Locations: Brisbane, Australia, NSW, South Wales, Newcastle, New South Wales, New

☆ AI hypocrisy: OpenAI, Google and Anthropic won't let their data be used to train other AI models, but they use everyone else's content
▼ + stars: | 2023-06-02 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Microsoft-backed OpenAI, Google and Anthropic ban the use of their content to train other AI models. Microsoft-backed OpenAI, along with Google, and Google-backed Anthropic have for years been using online content created by companies to train their generative AI models. However, these big tech companies won't let their own content be used to train other AI models. In April, Elon Musk accused Microsoft, the main backer of OpenAI, of illegally using Twitter's data to train AI models. The current way AI models are trained 'breaks' the webOne former Microsoft executive believes something is wrong here.

Persons: Claude, Anthropic's, OpenAI, Steve Huffman, Elon Musk, Sam Altman, Steven Sinofsky, couldn't Organizations: Microsoft, Google, Services, . Publishers, News Corp

☆ This is why Mark Zuckerberg won't give up on the Metaverse, and why Apple is about to dive into the technology
▼ + stars: | 2023-06-02 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

A new Activate study says this is the time for development and investment. Check out highlights from Activate's metaverse report below. Mark Zuckerberg made such a huge bet on the metaverse that he renamed his company Meta. The study shows why Zuckerberg refuses to give up on his vision, despite more than a year of rising ridicule. Companies will need to prioritize metaverse strategies, along with investments in AI, consumer engagement, and tech development, he added.

Persons: Zuckerberg, Activate's, Mark Zuckerberg, it's, Michael J, Wolf Organizations: MTV, Yahoo, Companies, Meta

☆ 10 Things in Tech: Hype House for generative AI developers, why Apple is jumping into the metaverse, and a long-range, electric Toyota
▼ + stars: | 2023-06-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Like my fully-remote colleague Rebecca Knight, I miss sharing random thoughts with my colleagues. My colleague Darius Rafieyan breaks down the novel setup that's helping unprofitable startups raise money. In other news:Hacker Fellowship Zero is cultivating batches of tech developers, many who are jumping into the generative AI wave, per a New York Times report. Welcome home: A Hype House for generative AI developers. Generative AI has a Digital Blackface problem.

Persons: It's, I'm, Siu, Rebecca Knight, Rebecca, Rebecca Zisser, Darius Rafieyan, Simon McGill, Marc Benioff, Sam Altman, Altman, Mark Zuckerberg, Alistair Barr, GirlfriendGPT, bro, Putin, Diamond Naga Siu, Nathan Rennolds Organizations: Bank of America, New York Times, Getty, San, Toyota, Ryanair, Patryk, Software, VMware, Employees Locations: New Jersey, San Francisco, techies, New York, San Diego, London

☆ 10 Things in Tech: Amazon Prime versus Walmart Plus, BMW adds gaming to its luxury sedan, and Nvidia enters the trillion-dollar club
▼ + stars: | 2023-06-01 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +3 min

Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai Aly Song/Reuters1. Amazon Prime vs. Walmart Plus. Meanwhile, Amazon Prime has more streaming content and access to its infamous Prime Day. Carnival Cruise Lines ships in Marseille. Man who went overboard on a Carnival cruise ship is still missing.

Persons: I'm, Siu, Z, Elana Klein, Elon Musk, Shanghai Aly Song, Elon, —, Nicole Miranda, Gerard Bottino, Ronnie Lee Peale Jr, Caleb Hammer, Diamond Naga Siu, Alistair Barr, Nathan Rennolds Organizations: Tesla, Nvidia, Google, Amazon, Walmart Plus, Walmart, BMW, Cruise Locations: Tesla China, Shanghai, China, Beijing, Marseille, Jacksonville , Florida, San Diego, San Francisco, London

☆ Global tax would spoil investors’ plastic party
▼ + stars: | 2023-06-01 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

This may change if supporters of taxes and other restrictive measures prevail at ongoing talks for a global treaty to end plastic pollution by 2040. And the world lacks sufficient infrastructure to sort discarded resins: only 9% of global plastic is recycled each year, the Organisation for Economic Co-operation and Development reckons. Some 90% of people support measures to combat plastic pollution, a global Ipsos survey from 2021 shows. Countries including Britain have already started applying levies on virgin plastic packaging. CONTEXT NEWSRepresentatives of 175 countries in March endorsed a landmark resolution to develop international, legally binding rules to end plastic pollution by 2040.

Persons: Inger Andersen, Barr, Aimee Donnellan, Pranav Kiran Organizations: MILAN, Reuters, Big Oil, ExxonMobil, Dow, Indorama Ventures, Saudi Aramco, Minderoo, Organisation for Economic Co, ” United Nations, Reuters Breakingviews, Barclays, Twitter, Thomson Locations: Sinopec, Britain, Paris

☆ 10 Things in Tech: Mark Zuckerberg and Jeff Bezos are ripped, tech workers work less than 4 hours per day, and tech's Texas real-estate invasion
▼ + stars: | 2023-05-31 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

OpenAI, the company that created the chatbot, won't share the books it used to train ChatGPT. But a group of researchers discovered a method of quizzing the chatbot to figure out which books it has read. Many tech workers are only productive for four hours per day. In an anonymous poll, nearly 45% of tech workers said they spent four hours (or less) on "focused work." Only around 25% said they worked eight or more hours per day.

Persons: I'm, Siu, Hannah Towey, Robyn Phelps, Moby Dick, Harry Potter, Sherlock Holmes, Adam, Matthew Busch, Mark Zuckerberg, Jeff Bezos, Zuck, Bezos, Peek, Austin Evans, Evans, Mercedes, Diamond Naga Siu, Alistair Barr, Nathan Rennolds Organizations: American, Pacific Islander Heritage, Ikea, The Washington, Getty, NASA, US Air Force, Pacific Command, Pentagon Locations: Sweden, California, Swedish, EVs, . Texas, scrawny, San Diego, San Francisco, London

☆ 10 Things in Tech: Amazon’s guide to AI in different industries, Earth’s neighboring star, and workers look for less stressful jobs
▼ + stars: | 2023-05-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In other news:Tech workers are searching for low stress jobs on social media. Tech workers are looking for less stressful jobs. But one Amazon worker said there's "no such thing as [a] high pay low stress job in tech." Love Love Love: Award-winning engagement photos from around the world. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Alistair Barr (tweet @alistairmbarr) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ 10 Things in Tech: Renting properties to sublet them, the world’s largest polymer 3D printer, and a bare-bones Tesla Cybertruck interior
▼ + stars: | 2023-05-29 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and I'm excited that the French Open main draw is in full swing today. ChatGPT helped these people earn more money and become better at their jobs. Insider profiled four of them about how it has made their jobs easier: a recruiter, broker, entrepreneur, and chief marketing officer. My colleague Jack Sommers gathered their profiles and highlighted how these workers turbocharged their jobs with technology. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Alistair Barr (tweet @alistairmbarr) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ Amazon gives up a key part of its climate pledge and deletes the blog post that announced the Shipment Zero initiative. We dug up the details anyway.
▼ + stars: | 2023-05-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Amazon scrapped its Shipment Zero initiative, which was announced a few years ago. Amazon deleted the original Shipment Zero blog post. That's a decade later than the 50% goal, which was called "Shipment Zero" at the time. Dropping the specific shipment pledge is noteworthy because Amazon's ecommerce operation relies on vast fleets of vehicles and aircraft to deliver packages to consumers quickly. Amazon announced the Shipment Zero initiative in a blog a few years ago.

☆ Fed's Bowman backs 'targeted' bank rules reform but not 'radical' change
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

"Radical reform of the bank regulatory framework - as opposed to targeted changes to address identified root causes of banking system stress - is incompatible with the fundamental strength of the banking system," she said. During testimony to Congress this week, Barr was repeatedly asked about Bowman's views, which were first laid out in detail last week. He said he welcomed any third-party independent reviews to follow his own review of the failure of Santa Clara, California-based SVB. Barr's review, which was published in late April, found problems in the Fed's own approach to supervision that he said needed fixing. Bowman did not touch on monetary policy or the economic outlook in her prepared remarks.

☆ How screwed is WeWork? One of its bonds trades at 56 cents on the dollar, and Fitch Ratings thinks default is a real possibility.
▼ + stars: | 2023-05-19 | by ( Alistair Barr | Joe Ciolli | ) www.businessinsider.com time to read: +3 min

One of its bonds trades at 56 cents on the dollar, and Fitch thinks default is a real possibility. One of WeWork's bonds, which matures in 2025, recently traded at 56 cents on the dollar, according to Bloomberg data. A healthy company's debt often trades at 100 cents on the dollar, or at a very slight discount. Fitch upgraded WeWork's issuer default rating to 'CCC-', in a nod to the debt restructuring. Discussions of debt restructuring represent a striking new low for a company that used to be one of the most valuable startups ever.

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