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☆ Watch CNBC's full interview with Bedrock founder Geoff Lewis
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bedrock founder Geoff LewisGeoff Lewis, Bedrock founder and managing partner, joins 'Squawk Box' to discuss Lewis' initial investment in OpenAI, scrutiny against a privately-held company like OpenAI, and more.

Persons: Geoff Lewis Geoff Lewis, Lewis Locations: OpenAI

☆ Ether could surge 60% after ETFs are approved, trading firm says
▼ + stars: | 2024-05-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The price of ether could rise 60% if spot ETFs are approved, QCP Capital wrote. The previous success of spot bitcoin ETFs serves as an example of potential upside. Eyes are currently on the second-biggest cryptocurrency as US regulators are deciding on whether to approve the first ether spot ETFs in the country. That token's stellar run was set off in mid-January when the SEC similarly greenlit spot bitcoin ETFs. What's more, head of FX Research Geoff Kendrick wrote that the spot ether ETFs are unlikely to stumble on the same issues that tormented bitcoin, such as heavy inflow volatility.

Persons: —, bitcoin, QCP, Geoff Kendrick Organizations: QCP, SEC, Service, BlackRock, [ Depository Trust, Clearing Corporation, Chartered, FX

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ Buying a house gets even more expensive
▼ + stars: | 2024-05-22 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Home prices climbed to record highs for April, according to the National Association of Realtors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHome prices reached record highs in April, a new report from the National Association of Realtors found. The median price of an existing home climbed 5.7% year over year in April to $407,600, keeping pressure on prospective homeowners already dealing with high interest rates. The association said it's the 10th month in a row of year-over-year increases and the highest-ever tally for the month of April.

Persons: —, it's Organizations: National Association of Realtors, Service, Business

☆ Turbulence killed a passenger on a flight from London to Singapore, but severe injuries due to turbulence are incredibly rare
▼ + stars: | 2024-05-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A Singapore Airlines passenger died Tuesday after a flight was hit by turbulence. Serious injuries due to turbulence are extremely rare, per FAA data. AdvertisementThe dangers of turbulence were made apparent on Tuesday when Singapore Airlines announced a passenger died on board a flight. It is also the first death on a Singapore Airlines flight since 2000. This story is available exclusively to Business Insider subscribers.

Persons: —, Geoff Kitchen Organizations: Singapore Airlines, Service, Bangkok Airport, Skytrax, Business

☆ Microsoft’s latest AI tool is alarming privacy experts
▼ + stars: | 2024-05-22 | by ( Samantha Kelly | ) edition.cnn.com time to read: +5 min

CNN —Microsoft’s buzziest new AI feature is raising concerns that it could potentially be misused in the wrong hands. It’s different from a keyword search; the tool regularly saves screenshots of the user’s screen and stores them directly on the device. It then uses AI to process the data and make it searchable. Jen Golbeck – a professor of AI at the University of Maryland who focuses on privacy – said the recall feature could pose a potential “nightmare” if the device falls into the wrong hands. Still, Michela Menting, a senior research director at ABI Research, believes the feature is a “step backwards” for privacy.

Persons: Jen Golbeck –, –, ”, that’s, Satya Nadella, Geoff Blaber, ” Blaber, Golbeck, Blaber, Michela Organizations: CNN, University of Maryland, Data Protection, ICO, Microsoft, Wall Street, CCS Insight, ABI Research

☆ People are dunking on Google search AI's nonsensical answers
▼ + stars: | 2024-05-22 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Certain searches get responses that are nonsensical or downright wrong. Google said the examples were "extremely rare queries, and aren't representative of most people's experiences." AdvertisementGoogle promised a sweeping overhaul to its ubiquitous search at I/O last week — but users are already pushing its limits. Rather than giving you a list of third-party web pages, the new Google search function creates a new box with conversational answers culled from across the web and fueled by generative AI. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Google, Service, Business

☆ Capri Sun is selling giant jugs for nostalgic fans who have outgrown its iconic pouches
▼ + stars: | 2024-05-21 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

The brand wants to court nostalgic fans with more generous serving sizes. It's the company's "first innovation in nearly a decade," Capri Sun said. Capri Sun is courting nostalgic fans whose appetites have matured beyond a pouch-sized serving. The company is launching super-sized bottles of its beloved juice, calling the massive containers its "first innovation in nearly a decade." This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ Passengers on SQ321 Singapore Airlines flight describe nightmare at 37,000 feet
▼ + stars: | 2024-05-21 | by ( Jessie Yeung | Alex | ) edition.cnn.com time to read: +5 min

CNN —Passengers on a Singapore Airlines flight hit by severe turbulence on Tuesday described a sudden, dramatic drop as “all hell broke loose” on board the Boeing airliner carrying 229 passengers and crew. Flight SQ321 was cruising at 37,000 feet from London to Singapore when flight tracking data shows the plane rapidly plunged before climbing several hundred feet, then repeated the dip and ascent, for about 90 seconds. At first, “the flight was perfectly normal,” said passenger Andrew Davies, who was traveling to New Zealand for business. He described the flight as “quite smooth … I don’t remember any turbulence at all.”Many passengers were having breakfast at the time of the incident. The interior of Singapore Airline flight SQ321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport, Thailand, on May 21.

Persons: ”, Andrew Davies, ” Davies, Reuters Davies, Geoff Kitchen, Davies, Dzafran Azmir, Azmir, Goh Choon, Kittipong Kittikachorn, Kitchen, Goh, Kitchen’s Organizations: CNN, Passengers, Singapore Airlines, Boeing, Singapore Airline, Reuters, Briton, Facebook, Singapore’s Ministry of Transport, Thai, US National Transportation Safety Locations: London, Singapore, New Zealand, Thailand, Bangkok, Australia, Malaysia, United Kingdom , New Zealand, Spain, United States, Ireland

☆ Microsoft thinks it found a way to make PCs relevant again
▼ + stars: | 2024-05-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Microsoft jumped headfirst into building artificial intelligence directly into its Windows operating system on Monday, announcing new AI computers that could help ramp up flagging PC sales. The computers, which are packed with processors that power advanced AI tools, come as PC sales have stalled for years. Microsoft isn’t alone in its AI PC ambition. Dell and Lenovo also recently debuted AI-first PC computers under the Copilot+ AI umbrella, an emerging category that experts widely believe will become the next stage of computing. Last month, Microsoft reported quarterly profits of $21.9 billion, up from $18.3 billion a year ago.

Persons: Satya Nadella, “, ”, Bing, Dell, ” Geoff Blaber, Blaber, Jitesh, tailwinds Organizations: CNN, Microsoft, Lenovo, Apple, Developers, CCS Insight, IDC Locations: Seattle, Wisconsin

☆ Ethereum surges 22% on speculation ETFs could be approved as soon as this week — and a new bitcoin record might not be far behind
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. AdvertisementAccording to Standard Chartered Head of FX Research Geoff Kendrick, ETF approvals would cement ether's chances of reaching $8,000 by this year's end. AdvertisementSecondly, big outflows are also less likely to be an issue for ether, Kendrick pointed out. Once ether funds are established, the price highs that it can achieve bode well for bitcoin, Kendrick added. "An ETH ETF approval will further legitimise the sector and therefore be BTC positive as well.

Persons: Ethereum, —, That's, Eric Balchunas, Geoff Kendrick, Kendrick, bode Organizations: SEC, Chartered, Service, bitcoin, Securities and Exchange Commission, Bloomberg, Bloomberg Intelligence, Standard Chartered, FX, BTC Locations: VanEck

☆ An Egyptian spy single-handedly ruined the Israel-Hamas cease-fire: CNN
▼ + stars: | 2024-05-21 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

An Egyptian spy ruined a potential cease-fire deal between Israel and Hamas. The intelligence official added more of Hamas' demands after Israel had already agreed to the deal, CNN reports. 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 . AdvertisementAn Egyptian spy torpedoed a potential cease-fire deal between Israel and Hamas earlier this month by secretly changing its terms before handing it between the warring sides, CNN reports.

Persons: Israel, —, Ahmed Abdel Khalek Organizations: Hamas, CNN, Service, Business Locations: Israel, Qatar

☆ BofA's Geoff Meacham talks Eli Lilly closing at record high
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Geoff Meacham talks Eli Lilly closing at record highGeoff Meacham, BofA Securities managing director, joins 'Closing Bell Overtime' to talk Eli Lilly closing at a record high and what's driving it higher.

Persons: Geoff Meacham, Eli Lilly Organizations: BofA Securities

☆ Neuralink will embed wires deeper in the brain to fix problems after its first patient: WSJ
▼ + stars: | 2024-05-20 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Neuralink has gotten the FDA go-ahead for a second implant, the Wall Street Journal reports. This time, it's implanting the wires a few millimeters deeper to prevent retraction. Neuralink's first patient lost some function but has since greatly improved, the Journal reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNeuralink has gotten the go-ahead to implant its device into a second patient — and has settled on a fix for the error that plagued its inaugural trial.

Persons: Neuralink, it's, Neuralink's, — Organizations: Wall Street, Service, Street, Food and Drug Administration, Business

☆ Hims & Hers is getting into the weight-loss drug game — and Wall Street is loving it
▼ + stars: | 2024-05-20 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Hims & Hers will sell weight-loss injectables starting at $200 a month. 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 . The online pharmacy said Monday it will sell compounded GLP-1 injections — which contain the same active ingredient as brand-name mainstays like Ozempic and Wegovy — starting at $200 a month. The list prices for Ozempic and Wegovy are $935.77 and $1,349.02, respectively.

Persons: —, Wegovy Organizations: Service, Business

London CNN —WikiLeaks founder Julian Assange will find out Monday whether he can make a final challenge against his extradition to the United States. LEON NEAL/AFP/Getty Images Assange attends a seminar at the Swedish Trade Union Confederation in Stockholm on August 14, 2010. LEON NEAL/AFP/Getty Images Assange and his bodyguards are seen after a news conference in Geneva, Switzerland, in November 2010. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: Julian Assange, Assange, Victoria Sharp, Jeremy Johnson —, Stella Assange, ” “ Julian, ”, Kristinn Hrafnsson, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Chelsea Manning, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, “, Albanese’s, Joe Biden, Trump, Biden, Sunna, it’s, Alan Rusbridger Organizations: London CNN, Foreign Press Association, Court, European, of Human Rights, WikiLeaks, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, British, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Army, Ecuadorian, Ecuador, Southwark Crown, Australian, Parliamentary, of Europe, Prospect Magazine Locations: United States, London, Westminster, Afghanistan, AFP, Stockholm, Iraq, Geneva, Switzerland, Sweden, Ecuador, Austin , Texas, Ecuadorian, United Nations, United Kingdom, Quito, Southwark, London’s, Australia

☆ Trump's naps at trial are a 'middle finger' to the jury deciding his fate, lawyers say
▼ + stars: | 2024-05-19 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

"That is a proverbial middle finger to the jury," one defense attorney told BI. But could his naps sway the jury? Jurors will likely feel slighted by Trump's snoozing, legal experts told Business Insider. And while closing your eyes during a criminal trial wouldn't result in a conviction in itself, Trump's naps aren't going to help if any of the jurors are on the fence. This story is available exclusively to Business Insider subscribers.

Persons: Trump's, —, There's, Donald Trump, Trump's snoozing, Trump's naps Organizations: Service, Business

☆ Supreme Court's Alito blames his wife for displaying pro-Trump symbol at their house
▼ + stars: | 2024-05-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Justice Alito and his wife had an upside-down American flag flying on their lawn in January 2021. Inverted flags were a symbol of the pro-Trump "Stop the Steal" movement. Justice Alito told The New York Times his wife put it there and blamed a dispute with neighbors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSupreme Court Justice Samuel Alito had an explanation for the pro-Trump symbol hanging outside his Virginia home in the weeks following the Capitol Riot: his wife put it there.

Persons: Alito, Justice Alito, —, Samuel Alito, Joe Biden didn't Organizations: Trump, New York Times, Service, Capitol Riot, Times, Business Locations: Virginia

☆ Donald Trump's allies are doing his dirty work while tiptoeing around his gag order
▼ + stars: | 2024-05-16 | by ( Geoff Weiss | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

But while the former president has been uncharacteristically restrained recently, a cast of Republican lawmakers and Trump surrogates have traveled to court to rail about the proceedings. It's raised questions about whether the "surrogates" could be violating Trump's gag order. Sen. Tommy Tuberville of Alabama, who has been floated as a potential VP pick, told Newsmax one reason he attended was to "overcome this gag order." Under the gag order, Trump is not allowed to comment about Cohen. But Neama Rahmani, a former federal prosecutor, told BI that "practically speaking," Judge Merchan can do little to stop lawmakers from speaking on Trump's behalf.

Persons: —, Donald Trump, Michael Cohen, It's, Mike Johnson, JD Vance, Ohio, Rick Scott of, Vivek Ramaswamy, Vance, Doug Burgum, Matt Gaetz, Michael M, Trump, Juan Merchan's, Andrew Rice, he'd, Sen, Tommy Tuberville, Lauren Boebert, Cohen, Boebert, Donald J, Andrew Lieb, Lieb, ANGELA WEISS, Laurie Levenson, Neama, Merchan, Rahmani, Jeff Modisett Organizations: Service, Republican, Trump, Business, Sens, Gov, Republicans, MSNBC, Caucus, Loyola Law, Former Indiana Locations: Rick Scott of Florida, Florida, Alabama, Colorado, Manhattan

☆ Equinox got rid of Kiehl's in its locker rooms and everyone is in mourning
▼ + stars: | 2024-05-16 | by ( Madeline Berg | Geoff Weiss | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On Tuesday, after weeks of rumors, Equinox announced a new partnership with Australian beauty brand Grown Alchemist — meaning its long-beloved Kiehl's products are getting the boot. "It's been 13 years," Julia Klim, Equinox's VP of strategic partnerships and business development, told Women's Wear Daily of its Kiehl's deal. Advertisement(Full disclosure from Madeline Berg: I am an Equinox member and have little attachment to the Kiehl's lineup. ) AdvertisementEvery passionate online niche has two sides, and some brave souls have posted their excitement about the new products, alleging that it was actually Kiehl's products that were watered-down.

Persons: —, Equinox, moisturizers, It's, Julia Klim, Equinox's, Women's, Madeline Berg, commenter, Kiehl's Organizations: Service, Business, pepsi

☆ Biden and Trump just killed off a decades-long tradition
▼ + stars: | 2024-05-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

The Commission on Presidential Debates has set the showdowns for 37 years. But this year, Biden and Trump are doing their own thing. The commission told BI it could still host its planned debates, but Biden and Trump seem to have had enough. AdvertisementThe non-partisan body that's set the locations, moderators, and formats for presidential debates for the past 37 years is suddenly looking obsolete. This story is available exclusively to Business Insider subscribers.

Persons: Trump, Biden, —, Joe Biden, Donald Trump Organizations: Biden, Service, Business

☆ Apple is letting you control your iPhone and iPad with your eyes
▼ + stars: | 2024-05-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Eye Tracking will let users control their iPhones and iPads by noticing where they look. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApple will soon let iPad and iPhone users control their devices with a glance of their eyes. The feature uses the front-facing camera to set up and calibrate, though Apple notes it doesn't access or share any data. This story is available exclusively to Business Insider subscribers.

Persons: There's, —, Apple Organizations: Apple, Global, Service, Business

☆ An AI agent may soon be at your beck and call, but it might cost you a bit of your privacy
▼ + stars: | 2024-05-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.

Persons: —, Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London

☆ Google search will never be the same
▼ + stars: | 2024-05-14 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Google unveiled a revamped vision of its hallmark search product at I/O on Tuesday. "Google will do the Googling for you," its head of search said of the AI-driven experience. That's the vision head of search Liz Reid laid out onstage at Google I/O on Tuesday. Google unveiled an AI-enhanced version of Search, along with a lot of promises. This story is available exclusively to Business Insider subscribers.

Persons: —, Liz Reid Organizations: Google, Service, Business

Google's big summer conference, Google IO, kicks off today at 1 p.m. Business Insider will be in attendance and covering the biggest announcements — follow along below. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. ET to kick off Google IO, the company's annual developer conference. This story is available exclusively to Business Insider subscribers.

Persons: —, it's, Sundar Pichai Organizations: Google, Service, Business

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