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GPT-4o and other multimodal AI models could soon change the way we work. An AI analyst said plumbers and electricians' jobs are safe, but "AI will impact any job that has data." AdvertisementOpenAI's newest model and others like it could dramatically reinvent the workplace wheel. GPT-4o, the company's newest multimodal model, can input and output a combination of text, audio, and images. This story is available exclusively to Business Insider subscribers.
Persons: , OpenAI, Elon Musk Organizations: Service, Business
It’s a very different matter in Europe — by far the biggest export market for Chinese EV manufacturers. EU tariffs could backfireAccording to Citi, the EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China’s EV exports. For BYD, China’s biggest EV maker, the tariffs would likely have to be even higher to be effective, they add. “I’d say we are entering a very tense period in terms of trade interactions and trade defense,” she added.
Persons: Joe Biden, “ I’m, ” Biden, Joseph Webster, Agatha Kratz, Kratz, That’s, Oliver Zipse, , Tu Le, , Josh Lipsky, Juliana Liu Organizations: London CNN, United, EV, European Union, Atlantic Council, EU, CNN, Citi, Capital Economics, BMW Locations: China, America, Europe, United States, It’s, Brussels, “ Brussels, Beijing, subsidization, EU, States, Italy, Hong Kong
Maps Show Scarce Shelter and Medical Care as Rafah Operation Is UnderwayHundreds of thousands of Gazans have fled the southern region of Rafah over the past week, after Israel has expanded its evacuation orders amid continued bombardment and fierce fighting there. Satellite imagery taken after the May 6 incursion shows extensive new damage to eastern parts of Rafah. Additional damaged buildings were identified in satellite imagery collected from May 5 to May 7. As of Tuesday, new high resolution satellite imagery of the evacuation area in Rafah was not available after May 7. ISRAEL Rafah crossing N EGYPT Kerem Shalom crossing 1 mile Source: World Health Organization; International Committee of the Red Cross press releases Note: Data is as of May 14.
Persons: Younis, Copernicus, Israel, Corey Scher, Den, Abu Yousef al, EGYPT Al Helal, Helal, EGYPT Kerem Organizations: Planet Labs, The New York Times, Health, United Nations, The United Nations, New York Times, Copernicus Sentinel, CUNY, Center, Den Hoek of Oregon State University, Labs, Najjar, Maternity, Health Organization, International Committee, Red Cross Locations: Rafah, Israel, Gaza, Rafah Egypt Israel Rafah, Kerem Shalom, Israel Egypt Rafah, Egypt, GAZA, Rafah ISRAEL EGYPT Rafah, Rafah ISRAEL EGYPT, Shalom, Den Hoek of, Kuwait, EGYPT, EGYPT Al Helal Al, ISRAEL Rafah, Helal Al, EGYPT Kerem Shalom, Jabaliya, Gaza City
On the Emmy- and Peabody-winning series “The Bear,” Liza Colón-Zayas plays Tina Marrero, a cook at the Chicago restaurant at the center of the story. Tina and her fellow workers are in a constant struggle for the survival of their restaurant, and they fight just as fiercely with one another. Today, Colón-Zayas reads “A Web Between Her Body and Mine,” by Karen Paul. It’s a story Colón-Zayas says she relates to personally, and her reaction to it takes her by surprise. Season 3 of “The Bear” premieres on June 27, and Colón-Zayas is also featured in the film “IF,” now in theaters.
Persons: ” Liza Colón, Zayas, Tina Marrero, Tina, Karen Paul, It’s, Karen, Miriam Organizations: Peabody, Colón, IF, Locations: Chicago, Colón
Red Lobster workers are letting out their anger online after losing their jobs without notice. More than 50 Red Lobster restaurants in the US closed this week amid financial troubles at the company. "If you work at Red Lobster, you need to start finding something else to do," one TikTok user said. AdvertisementFormer Red Lobster workers are venting their anger online after the seafood chain abruptly laid off staff as it closed more than 50 restaurants. "Red lobster just laid all of us off without notice," one person posted on X, adding that even the managers at their restaurant weren't told in advance.
Persons: , weren't Organizations: Service, Business
Younger workers are foregoing higher education as costs continue to remain top of mind — and the value of a college education isn't what it used to be. On Wednesday, Deloitte released a survey on Gen Z and millennial attitudes toward the world and their financial conditions. That comes as over half of Gen Z and millennials are living paycheck to paycheck, per the report — a continued trend among younger workers. For both Gen Z and millennials, the cost of living is their top concern, with Gen Z also concerned about potential unemployment. Still, younger adults' perceptions toward higher education seem to skew away from overall attitudes toward a postsecondary degree or credential.
Persons: Gen, millennials, Zs, Elizabeth Faber, Gen Z, Faber, YouGov, hasn't, they're Organizations: Service, Deloitte, Business, Deloitte Global Chief People, Gallup, Lumina Foundation
CNN —The House has passed a major federal aviation bill that aims to improve aviation safety, enhance protections for passengers and airline workers and invest in airport and air travel infrastructure nationwide. The bill renewing the Federal Aviation Administration’s authority for five years will next head to President Joe Biden to be signed into law. Setting a standard for travel creditsUnder the bill, travel credits issued by airlines in lieu of refunds would have to be useable for at least five years. Increasing cockpit voice recordingCommercial aircraft would have to carry 25-hour cockpit voice recorders under the legislation. The cockpit voice recorder is one of the two black boxes and is currently only required to capture two hours of sound from the cockpit.
Persons: Joe Biden, John F, Republican Sen, Josh Hawley of, Democratic Sen, Elizabeth Warren of Organizations: CNN, Federal Aviation, FAA, National Transportation Safety, Reagan National Airport, American Airlines, Delta Air Lines, Department of Transportation, Republican, Democratic, Transportation, Administration, NTSB Locations: Washington, Kennedy, New York City, Josh Hawley of Missouri, Elizabeth Warren of Massachusetts
A focus on military hardware, from subs to aircraft carriersGecko robots are increasingly being utilized by the U.S. military. In 2022, the U.S. Air Force awarded Gecko Robotics a contract to help it with the conversion of missile silos. Gecko Robotics technology can collect upwards of 20 million data points in a tenth of the time, Loosararian said. The digital twins being created by Gecko robots also help with the building of future projects, saving not only time but resources and capital. "It's not just about how things work day-to-day but also how do you build smarter things," Loosararian said."
Persons: Baltimore's Francis Scott Key, weren't, Jake Loosararian, CNBC's Julia Boorstin, Loosararian, It's Organizations: Robotics, CNBC, Biden's, U.S ., U.S . Air Force, U.S . Navy, Columbia, Navy, USS Locations: Philadelphia, U.S, New York City, China
Most non-retired adults have some type of retirement savings, but only 36% think their savings are on track. New research from economists at the Federal Reserve Bank of New York finds that this retirement savings deficit hasn’t made a dent in when Americans plan to exit, or partially exit, the workforce. “The pandemic-induced change in retirement expectations may continue to affect the labor market in years to come,” they wrote. Yes, but: This is a survey of expectations, researchers at the New York Fed are quick to point out. Just because Americans say they plan to shift to part-time work or retire early, it doesn’t mean that they’ll be able to.
Persons: Felix Aidala, Gizem Kosar, Wilbert van der, , They’re, Alicia Wallace, delinquencies, Joelle, CNN’s Parija, Donna Morris, Morris, ” Morris Organizations: CNN Business, Bell, New York CNN, Census, Federal Reserve Bank of New York, Social Security, New, Survey, SCE, triannual, Social, Social Security Agency, Lawmakers, New York Fed, Federal Reserve Bank of New, , Public Policy Research, Credit, Walmart, CNN, San Francisco Bay Area Locations: New York, United States, York, Federal Reserve Bank of New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey
Dell started monitoring attendance on May 6 and will make the data visible on each hybrid employee's profile on HR platform Workday this week. Dell's memo states: "As the next step in implementing our Hybrid Work Policy, we will track onsite presence using badge swipes for hybrid-designated team members." The color by their name will be considered for performance evaluations, rewards, and compensation, Dell told employees. Staff who opted to remain remote during the company's overhaul of its hybrid work policy, which was first announced in February, will not be monitored. AdvertisementDell's HQ in Round Rock Texas, where staff attendance will be monitored.
Persons: , Michael Dell, Dell, Brandon Bell Organizations: Service, Business, Dell, Dell Technologies, Staff, BI, Google, Deutsche Bank Locations: Round Rock
But academic workers in the University of California system authorized their union on Wednesday to call for a strike over something else entirely: free speech. 4811, represents about 48,000 graduate students and other academic workers at 10 University of California system campuses and the Lawrence Berkeley National Laboratory. The strike authorization vote, which passed with 79 percent support, comes two weeks after dozens of counterprotesters attacked a pro-Palestinian encampment at the University of California, Los Angeles, for several hours without police intervention, and without arrests. The vote does not guarantee a strike but rather gives the executive board of the local union, which is part of the United Auto Workers, the ability to call a strike at any time. Eight of the 10 University of California campuses still have a month of instruction left before breaking for summer.
Persons: Lawrence, counterprotesters Organizations: University of California, U.A.W, Lawrence Berkeley National Laboratory, United Auto Workers Locations: Los Angeles
CNN —If you think the rent is too damn high, wait until you get the bill for child care. And the tab exceeded annual typical mortgage payments in 45 states, plus the District of Columbia, according to Child Care Aware. Nationwide, the average annual cost of care rose to $11,582 per child last year, up 3.7% from the prior year. Further exacerbating the shortage was the continued disappearance of licensed child care providers who operate out of their homes. Also, another $15 billion federal pandemic infusion for child care and development block grants, which states use to subsidize child care for working families, will expire this coming September.
Persons: that’s, Sandra Bishop, , Anne Hedgepeth Organizations: CNN, District of Columbia, of Columbia, Care, Nationwide, US Department of Health, Human Services, Care Aware’s, Century Foundation Locations: Illinois , Indiana , Iowa , Kansas , Massachusetts, Minnesota , Nebraska , Pennsylvania, Rhode Island , Vermont, Wisconsin
Going to an Ivy League school for college may help you earn a competitive salary down the line. The average tuition price across the Ivy League colleges is $64,829 — and that's before factoring in housing, food, books and other fees, according to the schools' latest available listed prices. Often, as is the case with Ivy League schools, private colleges can offer better financial aid packages through institutional grants and scholarships. These are the 10 new Ivies with the lowest average net price, according to Department of Education data:1. University of Michigan—Ann ArborOut-of-state tuition: $27,864 (figure reflects 2023-24 tuition price, 2024-25 price not available)Average net price: $16,7928.
Persons: University of Texas — Austin Organizations: Ivy League, Princeton University, Harvard College, Department, Education's, Forbes, , CNBC, of Education, University of Florida, University of North, Georgia Institute of Technology, Rice, University of Illinois, University of Maryland —, University of Michigan, University of Wisconsin —, University of Texas —, Johns Hopkins Locations: University of North Carolina, University of Illinois Urbana — Champaign, Ann Arbor
Read previewNavy warships will help protect the US military's soon-to-be-completed pier to deliver aid to starving Palestinians in Gaza, the Pentagon said Tuesday. Pentagon spokesman Maj. Gen. Pat Ryder told reporters at a briefing Tuesday that Navy ships will be part of the security plan for the operation. A Navy official told Military.com that the sea service is assigning two destroyers to the mission. But aid has been slow to come in through those routes either due to closures or heavy screenings by Israeli officials . At the beginning of April, Israeli forces conducted repeated airstrikes on a World Central Kitchen convoy of aid workers, killing seven.
Persons: , Pat Ryder, Military.com, Roy P, Benavidez, Ryder, P Organizations: Service, Pentagon, Navy, Business, Israeli Defense Forces, Hamas, Maxar Technologies, Reuters, Army Locations: Gaza, Ashdod
When Mayor Eric Adams was asked about New York City’s lifeguard shortage at his weekly news conference, he seized the moment to make a point about potential migrant workers. Immigrant rights groups called the comments “racist and divisive.” Conservative leaders viewed them as an attempt to legitimize the hiring of noncitizens. Mr. Adams, unsurprisingly, saw things differently. On Wednesday, the mayor explained that he had visited migrant centers in the city and asked people there if they knew how to swim. He was “blown away” by the number of those who raised their hands.
Persons: Eric Adams, Adams Organizations: New, Conservative, noncitizens Locations: New York
New York CNN —Walmart said Tuesday it is eliminating several hundred corporate jobs and will relocate most of its remaining remote office staff to its Bentonville, Arkansas, headquarters. Walmart confirmed the move in a memo sent by Donna Morris, its chief people officer, to employees on Tuesday and obtained by CNN. The relocation will impact the majority of workers in Walmart’s Dallas, Atlanta and Toronto offices. While most relocations will be to its Bentonville headquarters, some workers will be relocated to Walmart offices in the San Francisco Bay Area or to Hoboken, New Jersey, and the New York area. “In addition, some parts of our business have made changes that will result in a reduction of several hundred campus roles,” Morris said in the memo.
Persons: Donna Morris, Morris, , ” Morris Organizations: New, New York CNN, Walmart, CNN, San Francisco Bay Area Locations: New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey
It looks like Elon Musk realized he needs his Supercharger team after all. The mercurial billionaire axed the entire charging infrastructure team two weeks ago. AdvertisementTesla CEO Elon Musk is re-hiring some of the workers from the Supercharger team he dissolved two weeks ago, Bloomberg reported on Monday. Last month, Musk said in an email to his staff that he was dissolving the team behind Tesla's Supercharger charging-station network, per The Information. Musk has brought back some Supercharger workers, including Tesla's charging director for North America, Max de Zegher, Bloomberg reported, citing people familiar with the matter.
Persons: Elon Musk, , Musk, Max de Zegher Organizations: North, Service, Bloomberg, North America Locations: North America
He made Singapore even more prosperous by largely following the semi-authoritarian and free-market model pioneered by his father, Lee Kuan Yew, the country’s first leader. On Wednesday, Singapore gets a new leader for the first time in nearly 20 years. But there are concerns that the vaunted “Singapore model” is failing more and more people. Singapore is one of the most expensive cities in the world, but it does not have a minimum wage. The strains are exacerbated by the need for overseas workers; about 40 percent of Singapore’s nearly six million people are not citizens.
Persons: Taylor Swift, Lee Hsien Loong, Lee Kuan Yew, Lee, Lawrence Wong Locations: Singapore, United States
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. AdvertisementLinda, a phone sex operator, told Business Insider that artificial intelligence is being adopted by some in the sex work community, and she now regularly sees AI-generated images on profiles of fellow phone sex workers. "It's not for everyone, but, honestly, I think it's great — like you want a sex robot, guys — here ya go! " Representatives for OpenAI did not immediately respond to a request for comment from Business Insider.
Persons: , Scarlett Johannson, Joaquin Pheonix —, OpenAI, Scott Woods, Sam Altman, Linda, Kaitlyn, Amouranth, Siragusa Organizations: Service, Business, Mars, BI, Polygon, The New York Post Locations: Berlin
Walmart is cutting corporate jobs and asking remote workers to relocate to central hubs: WSJThe retail giant is reducing its site presence, further to closing multiple stores this year. The move is part of a trend called "quiet firing," a method to motivate employees to quit. 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 . AdvertisementWalmart is cutting hundreds of corporate jobs, asking remote employees to move to offices, and relocating workers in smaller sites, The Wall Street Journal reported Monday.
Persons: Organizations: Walmart, Service, Street, Business Locations: Dallas , Atlanta, Toronto, Arkansas , New Jersey, Southern California
New York CNN —If voters return former President Donald Trump to the White House, he’s promised to launch an unprecedented crackdown on immigration and even conduct mass deportations. Trump recently told Time that he would aim to deport 15 million to 20 million people, perhaps by using the National Guard. Even though consumer prices are no longer skyrocketing, the cumulative impact of three years of high inflation is painful. “Most Americans view high inflation and high prices as unfair. But immigration remains a major concern for voters in the 2024 election and Trump has made it a centerpiece of his campaign.
Persons: Donald Trump, he’s, Trump, , Mark Zandi, “ It’s, Joe Brusuelas, ” Brusuelas, You’d, , Karoline Leavitt, Joe Biden “, ” Leavitt, , Joe Biden, Zandi, Trump’s, criminologists, Biden, Jerome Powell, Brusuelas, Goldman Sachs, ” Goldman Sachs, Wendy Edelberg, Edelberg, that’s Organizations: New, New York CNN, White, National Guard, Federal Reserve, CNN, RSM, Trump, Social Security, University of Michigan, Labor Department ., The Hamilton, , Hamilton, Security, Congressional, Office, The Hamilton Project, Brookings Institution Locations: New York, China, Covid, Mexico, United States
So I got a job at a shipping company handling packages because I needed health insurance. AdvertisementAt the shipping company, it felt like management had the mindset that if we could be somewhere else, we would be there. It also makes the work feel more meaningful by scratching the itch in the creative side of my brain. You don't get that same sense of being "in the dirt" together when you're working a corporate job. Sometimes, there's that sentiment in office jobs, too, but it's a different kind of dirt when you're working these physical labor jobs.
Persons: , Justin Jordan, I've, I'd, We've, couldn't, — there's, Kristen Davis, Jane Zhang Organizations: Service, Business, NBC4 Locations: NBC4, janezhang@businessinsider.com
And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.
Persons: it’s, , Katherine deCourcy, Elise Gould, , Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, , Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The majority of employees working remotely and in offices in Dallas, Atlanta and Toronto have been asked to relocate. Walmart is the nation's largest private employer with about 1.6 million employees, most of whom work at its stores across the country. Walmart has another reason to bring more employees to Bentonville: It is building a nearly 350-acre campus there. In February 2022, we made the decision to bring Home Office associates back into our campus offices.
Persons: Donna Morris Organizations: Walmart, Walmart Health, Street Journal, Home Office, Toronto Global Tech, Office Locations: Arkansas, Bentonville , Arkansas, Dallas , Atlanta, Toronto, San Francisco Bay, Hoboken , New Jersey, Arkansas , Florida, Georgia , Illinois, Texas, Bentonville, Morris, Hoboken, New York
Investigators recounted the crew’s desperate efforts to restore electrical power and halt the ship’s drift toward the bridge. They described how one of eight maintenance workers still on the bridge that night managed to sprint to safety moments before the bridge collapsed. The 985-foot-long vessel departed the Port of Baltimore around 1 a.m. on March 26 and traveled along a heavily used shipping channel that would take it under the Francis Scott Key Bridge. But as it approached the bridge, the power went out on the vessel and alarms blared. Transportation officials have been re-examining structural protection systems on bridges, which in some cases are missing or flawed, that are supposed to deflect wayward ships away from bridge piers.
Persons: Francis Scott Key Organizations: Investigators, Transportation Locations: Port of Baltimore
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