DIRS.INFO The most relevant business & tech news

☆ Spotify employees question lavish spending on events while the company lays off thousands
▼ + stars: | 2024-04-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +9 min

Some employees criticize lavish spending on events, while Spotify is trying to cut costs. Some employees think Spotify is spending too much on parties and events, especially when the company is laying off thousands of people and looking to cut more costs. However, these employees said event spending has gone too far, given the company's broader efforts at frugality. One former employee described it as the company "spending tons of money flying people to Sweden to drink the Kool-Aid." Noam Galai/Getty ImagesSome of this lavish event spending is focused on solving a problem that's loomed over Spotify for years.

Persons: —, Sam Smith, Charli XCX, Gunna, Daniel Ek, Ek, Daniel Ek Dave Benett, Diplo, Spotifest, Melanie Stetson Freeman, it's, Alicia Keys, Noam Galai, Gustav Söderström Organizations: Spotify, Service, Ikea, Business, Brooklyn, Spotifest, Christian Science, Getty, company's, Apple, YouTube Locations: Drumsheds, Houston, Stockholm, New York, Sweden, New York City, York

☆ Google DeepMind's CEO reportedly thinks it'll be tough to catch up with OpenAI's Sora
▼ + stars: | 2024-04-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Google DeepMind CEO may think OpenAI's text-to-video generator, Sora, has an edge. Demis Hassabis told a colleague it'd be hard for Google to draw level with Sora, The Information reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDemis Hassabis may think OpenAI's text-to-video generator is more advanced than one made by his own company. According to The Information, the Google DeepMind CEO recently told a colleague that it could be difficult for Google to draw level with OpenAI's Sora.

Persons: Demis Hassabis, it'd, Sora, —, OpenAI's Sora, OpenAI Organizations: Google, Big Tech, Service, Business

☆ Jamie Dimon had a lot to say in his annual letter to shareholders
▼ + stars: | 2024-04-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Jamie Dimon's annual letter to shareholders and why this edition is so different . The big storyDimon sounds offWin McNamee/Getty Images; Chelsea Jia Feng/BIWhen Jamie Dimon talks, people tend to listen. Dimon's annual letter to shareholders grabs the business world's attention in ways most executives can only imagine. Dimon described the tech as just as innovative and impactful as the printing press, steam engine, electricity, and the internet, writes Business Insider's Jyoti Mann. The polarization of politics was something Dimon touched on in his letter, urging people to resist being "weaponized."

Persons: —, Jamie Dimon's, Jamie's, Win McNamee, Chelsea Jia Feng, Jamie Dimon, Larry Fink, Dimon, Insider's Jyoti Mann, BI's Theron Mohamed, BI's Juliana Kaplan, Alex Brandon, Rebecca Zisser, he's, it'd, David Rosenberg, Jenny Chang, Rodriguez, Elon Musk, Tesla, Musk, Gabor Cselle, Brooks Kraft, Zers, they'll, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, JPMorgan, Democratic, Monetary Fund, Microsoft, Google, Twitter, Brooks Kraft LLC, Getty, Warner Bros, Oxford High, Boeing Locations: Pennsylvania, Asia, Hong Kong, Singapore, Dubai, Abu Dhabi, London, New York

☆ Jamie Dimon says AI will have 'extraordinary' consequences and may be as transformative as electricity and the internet
▼ + stars: | 2024-04-08 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Jamie Dimon compared the potential impact of artificial intelligence to innovations like the internet. He said JPMorgan Chase now has 2,000 AI experts working in areas such as fraud and risk. Dimon flagged that AI risks need to be rigorously managed and ethics maintained. AdvertisementJamie Dimon compared the potential impact of artificial intelligence to that of other innovations in history including the "printing press, the steam engine, electricity, computing and the internet." This story is available exclusively to Business Insider subscribers.

Persons: Jamie Dimon, JPMorgan Chase, — Organizations: JPMorgan, Service, Business

☆ Meta loses top AI figures as Silicon Valley's talent battle continues
▼ + stars: | 2024-04-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The departures come as Big Tech firms battle for top AI talent with chunky pay packages. Elon Musk this week dubbed Silicon Valley's talent war as the "craziest" he's ever seen. AdvertisementMeta has lost three top AI employees within a week amid Silicon Valley's ongoing battle for talent. "The talent war for AI is the craziest talent war I've ever seen!" AdvertisementPrior to that, the cofounder of Meta's AI lab, Rob Fergus, jumped ship in 2020 to join Google's DeepMind.

Persons: Meta, —, Devi Parikh, she'd, Erik Meijer, Meijer, Abhishek Das, Mark Zuckerberg, He's, Google's DeepMind, Meta's, Zuhayeer Musa, Elon Musk, Rob Fergus, Google's Organizations: Big Tech, Elon, Service, Meta, Research, FAIR, Wall Street Journal, Street, Business Locations: OpenAI

☆ Amazon-backed humanoid firm Agility Robotics laid off a 'small number' of staff
▼ + stars: | 2024-04-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Agility Robotics said it laid off a "small number" of employees on Wednesday. The company told Business Insider that the job cuts affected a "small number" of employees. Amazon is testing its Agility's Digit robots in a research and development facility near Seattle. AdvertisementAn electrical engineer at the humanoid robotics firm shared in posts on LinkedIn and X that he was "one of the many laid off" at the company. AdvertisementJohnson previously told BI that it will churn out "hundreds" of its Digit robots in 2025 and then "ramp up capacity to thousands" in the years that follow.

Persons: —, Lisa Haugh, Crunchbase, it's, Peggy Johnson, Johnson, It's Organizations: Robotics, Service, Business, Industrial Innovation, LinkedIn, Bureau of Labor Statistics Locations: Oregon, Seattle

☆ Google's AI search tool doesn't seem to have mastered math yet
▼ + stars: | 2024-04-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.

Persons: —, Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service

☆ Amazon is laying off hundreds of employees in its cloud division
▼ + stars: | 2024-04-03 | by ( Jyoti Mann | Eugene Kim | ) www.businessinsider.com time to read: +2 min

Amazon is laying off hundreds of employees in its cloud division, emails obtained by BI show. The latest round of job cuts will impact employees in its cloud division, Amazon Web Services, internal emails seen by Business Insider show. "We didn't make these decisions lightly, and we're committed to supporting the employees throughout their transition to new roles in and outside of Amazon. Earlier this year, Amazon also cut hundreds of jobs across its Prime Video and healthcare units. AdvertisementA recently obtained internal HR document from last year showed Amazon placed more employees on performance-improvement plans while carrying out the mass layoffs.

Persons: —, Matt Garman, we're, Geekwire, Amazon's Organizations: BI, Amazon, Service, Amazon Web, Business, Global Services

☆ Google just scored a big win in the AI talent war
▼ + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.

Persons: OpenAI's, Logan Kilpatrick, —, OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI

☆ I'm a software engineer for Nvidia. Here's how I landed the job — and how much I'm making.
▼ + stars: | 2024-04-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

A software engineer at Nvidia in India reveals how he got the job, and breaks down his compensation. The engineer offers tips on how others can land a role at the $2.2 trillion chip company. AdvertisementThis as-told-to essay is based on a transcribed conversation with a senior software engineer at Nvidia in India who spoke anonymously because he is not authorized to speak to the press. I joined Nvidia as a newly graduated junior software engineer about three years ago. Initially, I got around 1.6 million rupees as an annual base salary (about $19,000) and about 2.5 million rupees in stocks vested over four years.

Persons: —, I've, I'd Organizations: Nvidia, Service, Business, Amazon, LinkedIn, Big Tech Locations: India

☆ Mark Zuckerberg's awkwardness may be a power move — here's why
▼ + stars: | 2024-03-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Such behavior could be considered a power move and a marker of intelligence for tech CEOs. An awkwardness expert told BI that if you're powerful enough, you don't need to be charismatic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For Zuck and men alike, awkwardness is "seen as not only excusable, but laudable." But Plakias doesn't think awkwardness is an individual character trait, but rather something that comes out of social interactions.

Persons: Mark Zuckerberg, —, Zuck, Alex Volkanovski, bopping, Zuckerberg, Alexandra Plakias, Plakias, they're, It's, Ty Tashiro Organizations: Service, UFC, Business, Hamilton College, Oxford University Locations: New York

☆ See inside some of the coolest offices of Big Tech firms
▼ + stars: | 2024-03-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Big Tech firms are reknowned for their unique and often large office spaces. Take a look at some of the coolest tech firm offices. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBig Tech firms are often commended for their striking offices, some of which have entire campuses. Take a look at some of the coolest Big Tech offices.

Persons: — Organizations: Big Tech, Service, CNBC Locations: Mountain View , California

☆ A global scramble to make humanoid robots is gearing up to be the 21st century's space race
▼ + stars: | 2024-03-30 | by ( Joshua Zitser | Jyoti Mann | ) www.businessinsider.com time to read: +11 min

Humanoid robots are symbols of power and technological capability, a geopolitics expert says. An incident earlier this month involving a Saudi humanoid robot inappropriately touching a female reporter might not at first seem even remotely connected. AdvertisementHumanoids are visual representations of breakthroughs in AIIn Italy, the Istituto Italiano di Tecnologia is working on iCub, a research-grade humanoid robot. AdvertisementChina wants to take the leadWhen it comes to humanoid robots, China is vying for the top spot, so it's no wonder other nations are getting nervous. "The vast magnitude of the market offers an unmatched chance to test, improve, and expand the uses of humanoid robots," he said.

Persons: —, Neil Armstrong's, Muhammad, Elie Metri, Giorgio Metta, Metta, there's, Zen Koh, Koh, Peggy Johnson, Johnson, it's, David Becker, OpenAI, Mercedes, Tesla, Julian Mueller, Kaler, Mueller, Tang Ke, Li Boyang, Will Jackson, Johannes Simon, you've, Jackson, we're, Gartner, Nvidia's, Melonee Wise, Justin Sullivan, Metri Organizations: Service, Robotics, QSS Robotics, Muhammad, Istituto, Tecnologia, European Union, Ministry of Industry, Information Technology, Fourier Intelligence, Getty, BMW, Strategic Foresight, Stimson, TIME, Beijing, Conference, Boston Dynamics, Arts, Engineered Arts, GTC, Getty Images Saudi Locations: China, Saudi Arabia, Italy, Soviet Union, Saudi, DeepFest, Riyadh, Robotics Saudi Arabia, India, Nigeria, Shanghai, Oregon, Las Vegas, Texas, Beijing, China's Liaoning Province, San Jose , California, Getty Images Saudi Arabia, QSS, Europe

☆ Stability AI founder Emad Mostaque's jokes about Satya Nadella and Microsoft have some dark truth to them
▼ + stars: | 2024-03-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

The founder of the Stability Diffusion maker seemed to joke on X that he was set to join Microsoft. His quip that Satya Nadella is "above, below and around" AI firms expose a reality of the sector. AdvertisementThey say an element of truth lies behind every joke — and Emad Mostaque's recent wisecrack about Satya Nadella inadvertently underlines a reality of the AI sector. The Stability AI founder made light of his departure last week as CEO by kidding that he'd succumbed to the power of Microsoft. He posted a photo on X on Tuesday in what appeared to be a video call with Satya Nadella.

Persons: Mostaque, Nadella, —, Satya Nadella, he'd, Satya Organizations: Microsoft, Service, Business

☆ Microsoft's reshuffle continues as Bing chief plans to exit the role. It comes days after Satya Nadella poached Mustafa Suleyman.
▼ + stars: | 2024-03-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Bing chief Mikhail Parakhin is leaving the role and will report to Microsoft's CTO in the meantime. The reorganization comes days after Satya Nadella tapped Mustafa Suleyman to lead its AI efforts. Days after Satya Nadella announced he was bringing Inflection AI's cofounder Mustafa Suleyman into the mix as its EVP and CEO of Microsoft AI, Mikhail Parakhin has "decided to explore new roles." Related storiesParakhin, who led the company's Bing search engine and advertising businesses, will report to Microsoft CTO Kevin Scott. AdvertisementMicrosoft has built AI into its Bing search engine and created other AI tools for Windows and Office under the Copilot brand over the last year.

Persons: Bing, Mikhail Parakhin, Parakhin, Satya Nadella, Mustafa Suleyman, —, Kevin Scott, Pavan, Rajesh Jha, Microsoft's, Satya, Nadella, Suleyman, Karén Simonyan, Simonyan, Nadella's, Microsoft didn't Organizations: Service, Microsoft, Google, Windows, Bloomberg

☆ Glassdoor is adding users' full names to their profiles – and some say that's a 'betrayal of trust'
▼ + stars: | 2024-03-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Glassdoor now requires new users to sign up with their full names, job title and employer's name. It's also started adding the full names of its users to their profiles. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome Glassdoor users are deleting their accounts after the job posting and reviews site started adding their full names to their profiles. Glassdoor has since changed its terms of service to require all users to be verified by adding their names and jobs to their profiles.

Persons: Glassdoor, It's, — Organizations: Service, Ars Technica, Business

☆ Sam Altman may have Siri and Alexa in his sights after OpenAI filed a 'digital voice assistant' trademark application
▼ + stars: | 2024-03-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

OpenAI filed a trademark application for a "voice engine" and to build "digital voice assistants." OpenAI also filed trademark applications in October for future models like GPT-6 and GPT-7. OpenAI has filed a trademark application to build "digital voice assistants" and a "voice engine", which signals that it may be set to release a new product. It also has a general-purpose speech recognition model called Whisper. OpenAI also filed trademark applications for its future models, including GPT-6 and GPT-7 in October.

Persons: OpenAI, Sam Altman, —, Apple's Siri, Amazon's Alex, Lex Fridman, Altman, OpenAI's, it's, didn't Organizations: Service, US, Business, GPT

☆ Jensen Huang brought a squad of 9 humanoid robots onstage to celebrate Nvidia's big bet on the machines
▼ + stars: | 2024-03-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Nvidia is creating a foundation model for humanoid robots called Project GR00T. AdvertisementJensen Huang is betting his chips on humanoid robots. At the conference on Monday, Nvidia said the project involved building a general-purpose foundation model for humanoid robots, which would help teach them to perform everyday tasks. Huang brought together robots from Figure AI, Apptronik, Agility Robotics, Boston Dynamics, Fourier Intelligence, Sanctuary AI, and more to announce its market entry. He said building the models for robots is "one of the most exciting problems to solve in AI today."

Persons: Jensen Huang, —, Huang Organizations: Nvidia, Service, Robotics, Boston Dynamics, Fourier Intelligence

☆ MrBeast's Coming to Prime Video With $5M Prize. Here's What to Expect.
▼ + stars: | 2024-03-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

MrBeast is bringing his "Beast Games" YouTube show to Amazon Prime Video. Amazon said the show will have 1,000 contestants competing for a $5 million prize. The company says it's the "biggest single prize" on TV and streaming. AdvertisementYouTube star MrBeast is launching a competition show on Amazon Prime Video in which 1,000 contestants will compete for a $5 million prize. It said the $5 million would be the "biggest single prize in the history of television and streaming."

Persons: —, Jimmy Donaldson, Colin, Samir, Donaldson, X, Donaldson didn't Organizations: Amazon Prime, Service, Amazon, YouTube, Business

☆ Elon Musk says he takes a small amount of ketamine every other week
▼ + stars: | 2024-03-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk shed light on his drug use and how frequently he uses ketamine. He said in an interview with Don Lemon that he took a "small amount once every other week." Musk said last year, after a report about his drug use, that he had a prescription for ketamine. Musk said he used ketamine when he had a "negative chemical state" in his brain "like depression," though he added that he didn't believe he had "extended" depression. When Lemon asked if he abused the drug, Musk responded: "I don't think so.

Persons: Elon, Don Lemon, Musk, —, Elon Musk, Donald Trump, bLRae4DhyO, who'd, Lemon, Tesla Organizations: Service, Elon, Tesla, Drug Foundation, Street, CNN, SpaceX, Business

☆ Jeff Bezos and Bernard Arnault are worth a combined $400 billion — here are the routes they took to achieve mega-wealth
▼ + stars: | 2024-03-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Jeff Bezos and Bernard Arnault have a combined net worth of around $400 billion. Bezos and Arnault are the world's richest people, topping Bloomberg's Billionaires Index. AdvertisementJeff Bezos and Bernard Arnault are the world's two richest people, with a combined net worth of around $400 billion. Arnault, the owner of the luxury goods conglomerate LVMH, is ranked first on Bloomberg's Billionaires Index, with a net worth of $202 billion. Amazon founder Bezos is ranked second on the index, with a net worth of $197 billion.

Persons: Jeff Bezos, Bernard Arnault, —, Dom Pérignon, Bezos Organizations: Service, Tiffany

☆ Elon Musk was spotted with his son X Æ A-XII at a German Tesla factory as his custody battle with Grimes drags on
▼ + stars: | 2024-03-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Elon Musk took his son X AE A-XII to a Tesla factory in Germany as it reopened after a power cut. The factory had been without power for nearly a week due to a fire at a nearby pylon. Musk and his son were seen together amid the Tesla chief's custody battle with Grimes. AdvertisementElon Musk took his son X AE A-XII to a Tesla factory in Germany this week as his custody battle with Grimes over their children continues to play out. The Tesla CEO was spotted carrying X AE A-XII on his shoulders as he visited the site.

Persons: Elon Musk, X, Grimes, — Organizations: Service, Business Locations: Germany

☆ The Saudi humanoid robot incident shows the machines aren't taking over the world anytime soon
▼ + stars: | 2024-03-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Saudi Arabia's first male humanoid robot inappropriately touched a female reporter last week. But robots aren't self-aware, so it probably wasn't intentional. Saudi Arabia's first "male" humanoid robot caused a stir after it inappropriately touched a female reporter at an AI conference last week. It's worth pointing out that robots aren't capable of feeling anger or having sexual desires, so it's highly unlikely that Muhammad made a deliberate advance at the reporter. AdvertisementLimited functionalityAI-powered robots remain far from achieving human-like capabilities, as Jeff Cardenas, CEO of humanoid robot maker Apptronik, previously told BI.

Persons: —, Muhammed, QSS, Sergey Lazarev, Muhammad, Gill Spencer, Jeff Cardenas, they're, Cardenas, Damion Shelton Organizations: Saudi, Service, Metro, Moscow Chess Federation, Arts, Agility Locations: Saudi, Riyadh, Russian

☆ Larry Ellison and Elon Musk teaming up to bring AI to farming
▼ + stars: | 2024-03-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Larry Ellison announced the venture with Elon Musk on Oracle's earnings call on Monday. The tool will help farms plan, predict, and increase their agricultural output, Ellison said. AdvertisementElon Musk's SpaceX is teaming up with Larry Ellison's Oracle to help farms plan and predict their agricultural output using an AI tool. Larry Ellison said on Oracle's earnings call on Monday that it's collaborating with Musk and SpaceX to create the AI-powered mapping application for governments. "We're doing that again in concert with Elon Musk and SpaceX to do this kind of mapping," Ellison said, according to a transcript provided by Seeking Alpha.

Persons: Larry Ellison, Elon Musk, Ellison, —, Elon, Larry Ellison's Oracle, Musk, Tesla, SpaceX, John Deere, John Deere's, Jahmy Hindman, Oracle didn't Organizations: SpaceX, Oracle, Elon, Service, Alpha, Tesla, Business

☆ Satya Nadella says Google should've been the 'default winner' of the AI race
▼ + stars: | 2024-03-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Satya Nadella said Google should've been the "default winner" of the Big Tech AI race. He said Google can "bring some competition" to Microsoft in the AI race. Microsoft — not Google — is the AI frontrunner, tech analyst Dan Ives said last year. AdvertisementSatya Nadella said Google "should have been the default winner" of Big Tech's AI race. The Microsoft CEO said the resources available to Google should've made it a frontrunner.

Persons: Satya Nadella, Google should've, Dan Ives, —, Nadella Organizations: Google, Big Tech, Microsoft, Service, Norges Bank Investment, Business

Search resuls for: "Jyoti Mann"

25 mentions found