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A general partner at Andreessen Horowitz is the latest to join the debate around "fake work" in Big Tech. David Ulevitch said "half the white-collar staff at Google probably does no real work." AdvertisementAn investor at famed Silicon Valley firm Andreessen Horowitz is the latest VC to get involved in the debate around "fake work" in the tech industry. Advertisement"I don't think it's crazy to believe that half the white-collar staff at Google probably does no real work," he said. Other VCs have also entered the debate around "fake work" and overstaffing within Big Tech in recent years.
Persons: Andreessen Horowitz, David Ulevitch, , Emily Sundberg, Ulevitch, Marc Andreessen, Keith Rabois, Thomas Siebel, they've, overhiring Organizations: Google, Meta, Service, Cisco, Big Tech, Tech, PayPal Mafia, Facebook Locations: Big Tech, Silicon, America
South African musician Tyla made her Met Gala debut on Monday. She wore a daring dress designed by Balmain, which was covered from top to bottom in sand. But the dress was slightly impractical, as she needed to be carried up the Met steps. AdvertisementTyla's Grammy-winning hit might be called "Water," but it was sand she embraced at the 2024 Met Gala. This story is available exclusively to Business Insider subscribers.
Persons: Tyla, Organizations: Balmain, Service, Business
Amazon founder Jeff Bezos is the second richest man in the world. He's no longer CEO of Amazon, but he now spends extra time with his space company. Business Insider rounded up what Bezos and his fiancee have said over the years about his daily routine. In addition to founding the online retail behemoth Amazon, Bezos also owns The Washington Post and an aerospace company, Blue Origin. Bezos stepped down as CEO of Amazon in 2021 to focus on his rocket company Blue Origin.
Persons: Jeff Bezos, , he's, Bezos Organizations: Business, Service, Forbes, Washington Post, Amazon
Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024. Exxon CEO Darren Woods said Monday that the dispute with Chevron over Hess Corporation 's oil assets in Guyana likely will not be resolved until 2025. "This is an important arbitration obviously not only for Exxon Mobil but for Chevron and Hess," Woods said. Exxon is claiming a right of first refusal on Hess' assets in Guyana under a joint operating agreement that governs a consortium that is developing the South American nation's prolific oil resources. The CEO has repeatedly expressed confidence that Exxon will prevail in the dispute, saying the company wrote the agreement that governs the consortium.
Persons: Darren Woods, Woods, CNBC's David Faber, Hess Organizations: Exxon Mobil Corp, P Global, Exxon, Chevron, Hess Corporation, Milken Institute's Global Conference, Exxon Mobil, Hess, International Chamber of Commerce Locations: Houston , Texas, Guyana, Los Angeles, Paris
Tesla's Model Y may offer unlocked range for an extra $1,500 to $2,000. Elon Musk said the new range provides an extra 40 to 60 miles and is pending regulatory approvals. AdvertisementTesla CEO Elon Musk says its recent Model Y models have more range than you thought — but you'll have to pay to get it. Musk said in a post on X that Model Y vehicles built over the past few months have an extra 40 to 60 miles of range that can be unlocked, depending on the battery. Musk said Tesla would charge an extra $1,500 to $2,000 for the upgrade and that he's "working through regulatory approvals to enable" the new range.
Persons: Elon Musk, , Musk, Tesla Organizations: Service
Author Danielle Bayard Jackson shared 9 types of "bad" friends — and how to deal with each one. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn her forthcoming book "Fighting for Our Friendships" (out on May 7), Jackson discusses nine types of "bad" female friends she's heard her coaching clients complain about. The non-reciprocal friendThis friend makes you feel like you're in a one-sided relationship. Jackson said it's a good idea to leave if the friend consistently makes you feel like a social placeholder during their single seasons.
Persons: Danielle Bayard Jackson, , it's, Jackson, she's, you've, they're Organizations: Service
The deal illustrates data centers' new-found interest in nuclear power. Joe Dominguez, the CEO of Constellation, the nation's largest operator of nuclear plants, said in a March earnings call that powering data centers with nuclear energy was "kind of a perfect marriage." AdvertisementVistra, another nuclear owner, also indicated it was arranging data center deals for a nuclear plant it owns in Ohio and one in Texas. Greg Poulos, the executive director of a PJM watchdog group, said that "one of my highest priority, highest radar items" is how data centers could push costs onto consumers and also whether nuclear data centers deals could reduce grid reliability. Beyond the nuclear optionNot all data centers, of course, are seeking out nuclear power to seize their energy independence.
Persons: , Wes Swenson, Swenson, Joe Dominguez, Jim Burke, Ralph La Rossa, La Rossa, Steve Helber, Burke, Dominguez, PJM, Michael Jacobs, Brian Janous, Greg Poulos, Poulos, Biden Organizations: Service, Susquehanna, Amazon, Business, US Energy Information Administration, Nuclear, Constellation, Public Service Enterprise Group, Microsoft, International Energy Agency, Dominion Energy, Talen Energy, Energy, Union of Concerned Locations: Pennsylvania, Salt Lake City, Ohio, Texas, New Jersey, Our, Jersey, Virginia, Chester , Va, Susquehanna, Chicago, New York City
Now 42, Bilimoria is the sole partner of Refactor Capital, the early-stage venture-capital firm he launched in 2016. Through Refactor Capital, Bilimoria has backed unicorn companies including the green-chemical manufacturer Solugen and the space startup Astranis. AdvertisementTwo years later, Lee stepped down as a general partner — making Bilimoria the firm's sole investor. Life as a solo partnerAs a solo partner, "all the successes and all the challenges are on my shoulders," Bilimoria said. Refactor Capital invests in about eight companies every year and is deploying capital out of its third fund.
Persons: , Bilimoria, Andreessen Horowitz —, weren't, Andreessen Horowitz, David Lee, Lee Organizations: Service, University of Pennsylvania, Business, Microsoft, Netflix, Google, Twitter, Fund, SV Angel Locations: Northwest Indiana
OpenAI COO Brad Lightcap says generative AI as it is today will be "laughably bad" within a year. The exec predicts ChatGPT could soon take on more "complex work" and be a "great teammate." The tech giant is set to release its latest language model, GPT-5, as early as this summer. One OpenAI executive predicts generative AI tools like its own at the moment will be nothing compared to what's to come. "That's going to be a different way of using software," the OpenAI exec said on the panel regarding AI's foreseeable capabilities.
Persons: Brad Lightcap, , Lightcap, didn't Organizations: Service, Milken Institute Global, Business, Milken Institute Locations: OpenAI
Israel seems to be pressing ahead with an attack on Rafah in Gaza. The US has pressured Israel not to carry out the assault — or at least reduce civilian casualties. AdvertisementThe US has said an Israeli invasion of Rafah — a city in southern Gaza where scores of Palestinian refugees have fled — could be a "disaster." But it looks like Israel is going ahead with the assault anyway. This story is available exclusively to Business Insider subscribers.
Persons: Israel, Organizations: Service, Business Locations: Rafah, Gaza, Israel
Blake Lively has attended 10 Met Galas throughout her career. Most recently, Lively wore a dress inspired by NYC landmarks that changed colors. AdvertisementThe 2024 Met Gala has finally arrived. A-list stars will show off their interpretations of the "The Garden of Time" dress code for the "Sleeping Beauties: Reawakening Fashion" Met Gala with their red carpet attire. This story is available exclusively to Business Insider subscribers.
Persons: Blake Lively, Lively, Organizations: Met, Service, Metropolitan Museum of Art, Business
Jack Dorsey has gone from loving to hating to loving Elon Musk again. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwitter co-founder Jack Dorsey might have once been a critic of Elon Musk's changes to his creation. But all that seems to be water under the bridge now for Dorsey, who's now seemingly in his "I Love Elon" era. For starters, Dorsey unfollowed over 2,000 accounts on X over the weekend, leaving just three accounts — Elon Musk, NSA whistleblower Edward Snowden, and Stella Assange, the wife of Wikileaks founder Julian Assange.
Persons: Jack Dorsey, Elon Musk, Bluesky, Dorsey, , Elon, who's, Dorsey unfollowed, Edward Snowden, Stella Assange, Julian Assange Organizations: Service, Twitter, NSA
NEW LOOK 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 . After graduating with a psychology degree in 2010, I went into business with my mom, Ann Lightfoot. What started as a mother-daughter duo organizing closets and hauling trash has turned into a successful business with 14 employees. Clients started pouring in.
Persons: Kate Pawlowski, Ann Lightfoot, Pawlowski, , It's, I've, Lightfoot, Julia D'Agostino, We've, we've, Decluttering Organizations: Service, Facebook Locations: Montclair , New Jersey, New York
The 2024 Met Gala will take place Monday night. Vintage photos show socialites, celebrities, and even royals mingling in the past. AdvertisementThe Met Gala is among the most exciting fashion events of the year. An annual fundraiser for the Metropolitan Museum of Art's Costume Institute, the Met Gala brings together celebrities, socialites, athletes, and nepo babies in the form of a themed party at the museum itself. The 2024 Met Gala has a "Sleeping Beauties: Reawakening Fashion" theme and a " Garden of Time " dress code, which will shape what attendees wear on the red carpet.
Persons: Organizations: Service, Metropolitan Museum, Art's Costume Institute, Business
Issa Rae is adding to her business ventures with a new company, Ensemble, to connect brands with diverse creators. The company seeks to attract ad spending by connecting brands with a network of 50 up-and-coming creators, including Leo Gonzalez, Mark Phillips, and Drew Afualo. Ensemble is separate from Rae's media and entertainment company, Hoorae Media, which was formed in 2020 out of Issa Rae Productions. In addition to Rae's TV and film production label, Hoorae encompasses a marketing arm, Fête; a management company, ColorCreative; and an audio division, Raedio. "We want Ensemble to be seen as a general market company," McKay said.
Persons: Issa Rae, Leo Gonzalez, Mark Phillips, Drew Afualo, It's, Issa Rae Productions, Sienna, Rae, Ian Schafer, Matt Berger, Keith Lee, Schafer, Garrett Manet Montrel McKay, McKay, We're, Dallas Turner, Popeyes, influencers, Montrel McKay, Bud Light, we're Organizations: Pepsi, Hoorae Media, Raedio, Sienna Naturals, Business, Ensemble, Hoorae, PQ Media
This time, she wanted to get healthier and lose weight in a way that was sustainable. Tjelle's experience is a reflection of how approaches and attitudes toward weight loss are changing. Tjelle, now 30, shared the 10 fat loss and fitness lessons she's learned during her journey. Walking is great for fat loss"Walking was by far the most effective exercise for weight loss early in my weight loss journey," Tjelle said. You won't always feel motivatedFor the first few months of her weight loss journey, Tjelle really didn't want to go to the gym, she said.
Persons: , Megan, Tjelle, she's, Megan Tjelle, Patience Organizations: Service, Business, Research Locations: Chicago, Seattle Sutton
Amazon has more than doubled its warehouse robot fleet in the past three years. It's gone from having 350,000 robots in 2021 to 750,000 in 2023, company blog posts show. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmazon has ramped up its fleet of robots in recent years to boost its warehouse operations. This story is available exclusively to Business Insider subscribers.
Persons: It's, Organizations: Service, Business
After visiting Las Vegas over 50 times, my husband and I have a dining strategy: We return to a few of our favorite spots and then try a couple of new ones. AdvertisementOcean Prime is a splurge-worthy restaurant perfect for celebrating special occasionsWendy LeeIn 2023, Ocean Prime opened on the corner of Las Vegas Boulevard and Harmon Avenue — it even has a rooftop terrace overlooking The Strip. AdvertisementAt first, that made me doubt the quality of the food — but I've learned the food is even better than the decor. On a recent trip to Catch, I got the best French toast I've ever eaten. Located inside Paris Las Vegas, the French eatery has a patio directly across the street from the Bellagio Fountains.
Persons: , Wendy Lee, Roy Choi, Jon Favreau, Lago, Julian Serrano's Lago, George Rose, Julian Serrano, I've, Retox, Bardot Brasserie, Bardot, Benedict, De Laurentiis, Mon Ami Gabi, Harun Ozmen, Shutterstock Organizations: Service, Las Vegas, Business, MGM, Bellagio, Casino, Ocean, Cosmopolitan, Mon Locations: Vegas, Cuban, Bellagio, Bellagio Fountains, Lago, Las Vegas, It's, cafés, Paris, Cromwell, ribeye, York, it's, New York, Paris Las Vegas
Xi is spending two days in France, meeting French President Emmanuel Macron on Monday before heading to Serbia and Hungary. "I'm calling for an 'aggiornamento' because China is now in excess capacity in many areas and exports massively to Europe," Macron told La Tribune Dimanche, per a Bloomberg translation. She said China's trade practices are leading to unfair trade that are "market-distorting" and "could lead to deindustrialization in Europe." China has pushed back on the West's claims of overcapacity, accusing the bloc of being protectionist and of trying to curb China's economic development. However, Europe — like China — isn't quite the same anymore, following years of economic malaise punctuated by the pandemic and the war in Ukraine.
Persons: , Janet Yellen, Olaf Scholz, Xi Jinping's, Emmanuel Macron, Macron, Matt Geraci, Geraci, Ursula von der Leyen, Von, Leyen, Léonie Allard, Allard, Xi Organizations: Service, State Authority, European Union, Business, La Tribune Dimanche, Atlantic, Associated Press, European, overcapacity, Council's Locations: China, France, Serbia, Hungary, European, Germany, Europe, Beijing, Washington, Russia, Ukraine
The growing scandal is drawing some comparisons on the right to George Santos. AdvertisementRep. Henry Cuellar is in the midst of a growing bribery scandal involving Azerbaijan and a Mexican bank. Cuellar is the third sitting lawmaker to be indicted this Congress, following former Republican Rep. George Santos of New York and Democratic Sen. Bob Menendez of New York. AdvertisementThe George Santos comparisonIt's only been a few days, but so far, Democrats have largely held off on calling for Cuellar to resign. Former Rep. George Santos at the State of the Union in March.
Persons: Henry Cuellar, George Santos, , Cuellar, Democratic Sen, Bob Menendez, Santos, Cuellar's, Jessica Cisneros, Alexandria Ocasio, Cortez, Bernie Sanders, That's, Hakeem Jeffries, Matt McClain, Getty Images Santos, don't, Donald Trump, Joe Biden Organizations: Democratic, Service, Justice, Texas Democrat, Republican Rep, George Santos of New, New, State Oil Company, Banco Azteca, Democrat, National Rifle Association, Rep, FBI, Republicans, State, Union, Washington, Getty Images, Botox Locations: Henry Cuellar of Texas, Azerbaijan, Mexican, George Santos of, George Santos of New York, New York, Texas, Azerbaijan Republic, Alexandria
Qantas was accused in 2023 of advertising tickets to flights that were already canceled. Regulators announced Sunday that the airline agreed to pay $13.2 million to impacted customers. Qantas will pay $149 to domestic ticket holders and $298 to international ticketholders. AdvertisementRegulators said on Sunday that Qantas Airways has agreed to pay about 20 million Australian dollars to more than 86,000 customers to settle allegations that the airline misled them by selling them tickets for canceled flights. The Australian Competition & Consumer Commission (ACCC) said in a Sunday press release that the Australian airline company will pay 225 Australian dollars to domestic ticketholders and 450 Australian dollars — about $149 and $298 in US currency — to international ticketholders.
Persons: Organizations: Qantas, Regulators, Service, Qantas Airways, Australian Competition, Consumer Commission, Australian, Business
Anna Wintour hosted her pre-Met Gala dinner in New York City on Sunday night. The event's co-chairs — Jennifer Lopez, Zendaya, Bad Bunny, and Chris Hemsworth — all attended. Zendaya wore a vintage John Galliano dress and Bad Bunny sported a Yankees baseball cap. AdvertisementThe 2024 Met Gala hasn't started yet, but its celebrity co-chairs are already showing off their style. Ahead of the Metropolitan Museum of Art's annual fundraising ball, Anna Wintour hosted a pre-Met Gala dinner in New York City on Sunday night.
Persons: Anna Wintour, — Jennifer Lopez, Bunny, Chris Hemsworth —, Zendaya, John Galliano, , hasn't, Wintour, Jennifer Lopez, Chris Hemsworth Organizations: Service, Metropolitan Museum of, Business Locations: New York City
When Kris Hallenga was diagnosed with Stage 4 breast cancer — the most advanced form — at 23, questions swirled through her head: “Why didn’t anyone tell me to check my boobs? Why didn’t I know I could get breast cancer at 23?”If she hadn’t known that she could have breast cancer so young, there was a very good chance others were equally uninformed, she said in a 2021 interview with The Guardian. She spent the next 15 years educating young people about early detection through her nonprofit organization, CoppaFeel, and in a 2021 memoir, “Glittering a Turd.”On Monday, CoppaFeel announced that Ms. Hallenga had died at 38. A spokesman for the organization said she had died at home in Cornwall, England, and that the cause was breast cancer. “Survival was never enough,” she said during a publicity tour in 2021.
Persons: Kris Hallenga, swirled, , CoppaFeel, Hallenga, , ‘ I’m, I’m, Organizations: Guardian Locations: Cornwall, England
China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.
Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America
But some economists have argued that flawed historical economic data puts this claim in question. The further back you go — the NBER data goes to about 1850 — the more common recessions were. He said the NBER's pre-1914 recession data, in particular, is "very poor," and that only economic data collected after World War II is of good quality. "So the growing share of services also means you're going to have more stable economic growth." AdvertisementTo be sure, while a stable economy has its benefits, it's not the only indicator of a healthy economy.
Persons: , they'll, haven't, George Selgin, what's, NBER, Selgin, Joseph H, Davis, Satyam Panday, Panday, it's, they've Organizations: Service, National Bureau of Economic Research, Cato Institute, of Labor Statistics didn't, US, Vanguard, US Department of Agriculture, Satyam, Federal Reserve, Fed
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