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☆ FOMO may be one of the things driving the super rich to invest tens of billions in AI
▼ + stars: | 2024-03-31 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Investors are dumping money into AI as they grapple with the fear of missing out. Amazon may invest up to $4 billion in Anthropic, an AI rival of OpenAI. Wealthy investors are jumping on the AI train because they don't want to miss out on the next big thing. Amazon recently said it would invest as much as $4 billion in Anthropic, an AI rival of the well-known OpenAI. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Amazon, Business Locations: Anthropic, OpenAI

☆ The Powerball jackpot is creeping toward $1 billion again
▼ + stars: | 2024-03-30 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

It's been three months since the last person won the Powerball lottery jackpot. The jackpot is now $935 million, ranking it among the top 5 largest ever. If no one wins, the jackpot will exceed $1 billion. AdvertisementThe Powerball jackpot has spent three months incubating. A lucky winner snatched the jackpot on New Year's Day when it was $842.4 million.

Persons: It's, —, Drew Svitko, hasn't Organizations: Service, Powerball

☆ Tesla is so desperate for sales it's started advertising, something Elon Musk famously said he 'hates'
▼ + stars: | 2024-03-30 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

The company upped its ad spending to $6.4 million in 2023, The Wall Street Journal reported. Between bad press about the electric vehicles themselves and the chaotic whims of Tesla CEO Elon Musk, Tesla's stock value has dropped this year by nearly 30%. Tesla's sales have gotten so bad that the company has resorted to advertising — something Elon Musk famously said he can't stand. "I hate advertising," Musk posted on Twitter, now X, in 2019. Musk agreed to try advertising in May after the suggestion came up at a company shareholder meeting, The Wall Street Journal reported.

Persons: Tesla, Elon Musk, —, Musk, We'll, assuaging Organizations: Street Journal, Investors, Service, Tesla, Business, Twitter, Meta, Google, Wall Street Locations: United States

☆ Sam Bankman-Fried could go to a low-security prison and get out early if he plays his cards right, prison consultants say
▼ + stars: | 2024-03-29 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

A court sentenced Sam Bankman-Fried, the fallen king of crypto, to 25 years in prison on Thursday. Advertisement"In my opinion, he's going to a low-security facility, not to a medium. It would be a PR disaster if he went to a medium and got hurt," prison consultant Sam Mangel told BI. I don't think he's going to have a problem with physical harm or rape or anything like that. "He's going to want to do things to pass the time."

Persons: Sam Bankman, he'll, SBF's, Lewis Kaplan, he's, Sam Mangel, Mangel, Fried, Maureen Baird, Baird Perdue, Baird, Judge Kaplan, Jane Street, Kaplan Organizations: Service, Business, Federal Bureau of Prisons, San Francisco Bay Area, Prisons, Baird Perdue & Associates, Jane, Capital Locations: Manhattan, San Francisco Bay, New York, California

Related storiesEven so, he said he did not think the story of why customers suffered "has been told or told correctly." Customers "could have been paid back" at 2022 prices or current prices, including inflation, Bankman-Fried claimed. Kaplan didn't buy the argument, calling it "speculative" and "misleading." Before handing down Bankman-Fried sentence, Kaplan said he wanted to prevent him from committing more harm, noting that he has previously marketed himself to the media to rebrand his image and version of events at FTX. Bankman-Fried faced a maximum of 110 years in prison following the collapse of FTX.

Persons: —, Sam Bankman, Fried, Lewis Kaplan, It's, Sunil Kavuri, Adam M, Moskowitz, Kavuri, FTX, Kaplan, that's, Kaplan didn't, Fried perjured, didn't, it's, Prosecutors, Bernie Madoff, Damian Williams, " Williams, Williams Organizations: Service, Business, Southern, of Locations: Manhattan, FTX, of New York

Sam Bankman-Fried has been sentenced to 25 years in prison. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in prison. In his sentencing, Kaplan described Bankman-Fried as ambitious and deceitful, willing to gamble with his customers' livelihoods. He knew it was criminal," Kaplan said as Bankman-Fried slumped in his chair. AdvertisementNow that Bankman-Fried's sentencing is over, Kaplan, the judge, will likely swiftly order sentencing hearings for Ellison, Wang, and Singh.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Bankman, Kaplan, Prosecutors, Bernie Madoff, Marc Mukasey, Mukasey, perjured, it's, FTX, Caroline Ellison, Gary Wang, Nishad Singh —, Ellison, Wang, Singh, Ryan Salame, I've, didn't, John J, Ray III, Ray, Joseph Bankman, Barbara Fried Organizations: Service, Justice Department, FTX, Alameda Research, Prosecutors, Detention, Federal Bureau of Prisons Locations: Manhattan, FTX, Bahamas, Washington , DC, Brooklyn's, San Francisco

☆ Sam Bankman-Fried appeared to wipe away tears during sentencing while his dad held his head in his hands and his mom stared out the window
▼ + stars: | 2024-03-28 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried, former CEO of FTX, was sentenced to 25 years in prison on Thursday. US District Judge Lewis Kaplan said Bankman-Fried didn't express remorse for his crimes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Speaking before the court, Bankman-Fried apologized for the pain caused to customers, maintaining that they could all be repaid in full. Prior to handing down the 25-year sentence, Kaplan called Bankman-Fried a "mathematical wizard," saying he essentially ran a cost-benefit analysis of getting caught versus getting away with fraud.

Persons: Sam Bankman, Lewis Kaplan, Bankman, —, Fried, Joseph Bankman, Barbara Fried, Elizabeth Williams, Marc Mukasey, Nicolas Roos, villainizing, Roos, Kaplan Organizations: Service, AP Locations: Manhattan

☆ Governors DeSantis and Newsom agree on something: They don't want the homeless sleeping in public
▼ + stars: | 2024-03-24 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Ron DeSantis signed a law criminalizing sleeping on public property in Florida. It's a rare moment of unity for the two who sit on opposite sides of the political spectrum. 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 . AdvertisementIt's a rare moment of agreement for two state governors who couldn't be more different.

Persons: Ron DeSantis, Gavin Newsom, —, couldn't Organizations: Gov, Democratic, Service, Business Locations: Florida, California, It's

☆ After landing a job at NBC, former RNC chair Ronna McDaniel finally admits Biden won the 2020 election 'fair and square'
▼ + stars: | 2024-03-24 | by ( Katie Balevic | ) 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. Read previewThe former chair of the Republican National Committee has finally said that President Joe Biden is the rightful winner of the 2020 presidential election — more than three years after the fact. AdvertisementBut in her first appearance as an analyst on NBC News, McDaniel said on Sunday that Biden won the 2020 presidential election "fair and square." But that answer "suggests that there was something wrong with the election," Welker said. AdvertisementDespite GOP claims of rigging and foul play, the 2020 presidential election was highly scrutinized and considered the "most secure in American history" by the Department of Homeland Security, Business Insider previously reported.

Persons: —, Joe Biden, Ronna McDaniel, Donald Trump, McDaniel, She's, Biden, Kristin Welker, Welker, Joe Biden's, Chris Todd, Todd Organizations: Service, Republican National Committee, RNC, Business, NBC News, NBC, It's, Department of Homeland Security

☆ Republican leaders are worried that basic income programs will give Democrats an edge during the election
▼ + stars: | 2024-03-24 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Members of the GOP have expressed their opposition to the guaranteed basic income programs that are popping up in cities and counties nationwide. Guaranteed basic income programs grant select participants cash with no strings attached for a period of time. They are a more targeted version of universal basic income programs, which grant funds to an entire population. In Hudson, a town of about 6,000 people, a privately funded basic income program grants recipients $500 monthly for five years. Even so, some experts say guaranteed basic income won't make it on the federal level because of ongoing problems with existing programs, such as Supplemental Security Income.

Persons: —, Ronald Reagan, Kamal Johnson, Johnson, Steve Holt, Skyler Wheeler, Holt, Donald Trump, Trump, Dennis Culhane Organizations: Service, GOP, Republican, Street Journal, Business, Democratic, University of Pennsylvania Locations: Hudson , New York, Hudson, Texas , Arizona , Iowa, South Dakota, Iowa

☆ I get $500 monthly from a basic income program. The money helped me get through my husband's cancer diagnosis.
▼ + stars: | 2024-03-24 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

This is an as-told-to essay based on a conversation with Lira Campbell, a 62-year-old widow in Hudson, New York who is receiving $500 monthly for five years from the town's basic income program. Before Hudson's basic income program, I was — like most Americans — living paycheck to paycheck, doing the best you can. I know the journey of somebody being diagnosed like that can be long, and it's going to take a lot. You know how sometimes you don't know you need help until you need help? AdvertisementOne of the things that was amazing to me about the program is that the money is no strings attached.

Persons: Lira Campbell, I'm Locations: Hudson , New York

☆ Kate Middleton is just one of several high-profile royals who have had cancer
▼ + stars: | 2024-03-23 | by ( Lauren Edmonds | Katie Balevic | ) www.businessinsider.com time to read: +1 min

Kate Middleton announced on Friday that she was diagnosed with cancer. Her health news comes after King Charles III shared his cancer diagnosis in February. Here are other British royal members who've been diagnosed with cancer and how they shared the news. AdvertisementAfter weeks of speculation about the whereabouts and welfare of Kate Middleton, the Princess of Wales announced that her doctors had diagnosed her with cancer and that she is undergoing treatment. Here are other members of the British royal family who have received a cancer diagnosis, including the sitting monarch.

Persons: Kate Middleton, King Charles III, who've, —, Princess Organizations: Service

☆ The Republican majority in the House will soon be down to just 1 vote
▼ + stars: | 2024-03-23 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

The Republican majority in the House is hanging by a thread as another lawmaker leaves early. It's been a highly tumultuous session fraught with censures, resignations, and an expulsion. 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 . AdvertisementThe narrow majority that House Republicans have enjoyed this session is dwindling by the day.

Persons: It's, —, Mike Gallagher, Alejandro Mayorkas, Gallagher, he'd Organizations: Republican, Service, Republicans, Homeland, House Press

☆ Texas residents are moving to New Mexico by the thousands. Some are citing high property taxes.
▼ + stars: | 2024-03-23 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Texas residents are moving to New Mexico by the thousands, Census data shows. Some people cited the high property taxes in Texas as a reason for their exit. AdvertisementThey say everything is bigger in Texas, and that includes the property taxes. Texas residents are fleeing the state in droves and heading for New Mexico, according to 2022 US Census data. Just shy of 17,000 people moved from Texas to New Mexico between 2021 and 2022, according to US Census data, making Texas the primary state of origin for people moving to The Land of Enchantment.

Persons: — Organizations: Service, Business Locations: Texas, New Mexico

☆ NYC condo owner accused Burger King of turning neighborhood into 'drug haven.' Locals say it's beyond the restaurant.
▼ + stars: | 2024-03-22 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

A New York man filed a $15 million lawsuit against Burger King. Related storiesIt is not cheap to open and operate a Burger King franchise. Burger King started closing early, so they went to 7/11. A retailer on the same street as the Burger King shared similar thoughts, saying the loiterers are "everywhere." BI was unable to reach the franchise owner of the Burger King for comment.

Persons: Burger King, —, Kevin Kaufman, Burger, they've, loiterers, George, Sam, raff, Joe Organizations: Service, Yorker, Business, Fulton Street, New York Post, Trade, Burger King, BI Locations: York, Manhattan

☆ Pence says it's 'unacceptable' that Trump calls jailed January 6 rioters 'hostages.' And a GOP senator argues against pardoning them.
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Donald Trump has promised to pardon some of the January 6 Capitol rioters if he is reelected. Former VP Mike Pence called it "unacceptable" that Trump refers to the rioters as "hostages." GOP Sen. Bill Cassidy said it would be a "wrong signal" for Trump to pardon them. AdvertisementFormer President Donald Trump has been clear about at least one of his plans if he should reclaim the White House in November. This story is available exclusively to Business Insider subscribers.

Persons: Donald Trump, Mike Pence, Trump, GOP Sen, Bill Cassidy, —, he's Organizations: Capitol, GOP, Service, House, Business

☆ Healthcare staff use their panic buttons more often during a full moon, study finds
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Healthcare workers use their panic buttons more often during a full moon, a study found. Regardless of the moon, healthcare workers are five times more likely to face workplace violence. A new study suggests that healthcare workers use their panic buttons more frequently during a full moon, according to an analysis by Canopy, a hospital safety company. Regardless of the phase of the moon, healthcare workers have always faced a greater degree of workplace violence and, in recent years, it has only gotten worse. Surveys among nurses and physicians have reported significant increases in rates of violence toward healthcare workers since 2018.

Persons: —, Axios, Shan Sinha Organizations: Hospital staff, Service, US Bureau of Labor Statistics

☆ Biden has become cursing mad over his polling numbers and impatient with staff who try to insulate him from the public
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

President Joe Biden is mad about his low polling numbers despite his economic successes. Biden also resisted when aides tried to keep him from public events where he could misspeak or trip. The low numbers stemmed from voters' discontent with Biden's response to the war in Gaza, the lawmaker said. "The man's been successful for decades in Congress and became vice president and president," one source who used to work for the administration told NBC. Another source speaking anonymously told NBC that Biden may be "a little mad at himself for not being more forceful with the staff."

Persons: Joe Biden, Biden, —, hasn't, he's, speechwriters Organizations: NBC News, Service, White, NBC, Business Locations: Michigan, Georgia, Gaza

☆ I quit my corporate job after it felt like nobody was talking about police shootings of Black men. Now I run a nonprofit working to end police violence.
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

This as-told-to essay is based on a conversation with Tansy McNulty, the founder of 1 Million Madly Motivated Moms, or 1M4. McNulty left the corporate world to start 1M4 to end police violence by 2038. As I was bringing this Black child — a Black boy — into the world, I wanted to create a safer future for him. So I took those skills I learned in corporate America, and I applied them to what I do now with 1 Million Madly Motivated Moms, or 1M4. We don't tell the families what accountability looks like.

Persons: Tansy McNulty, McNulty, Ronnie Shumpert, Alton Sterling, —, it's, Jamarion Robinson, Terrence Richardson, Ferrone Claiborne, Atatiana Jefferson, Isaiah Williams, James Williams, Marlon Howell, we're Organizations: Service, Business Locations: Philando Castile, America, Atlanta, Waverly , Virginia, Fort Worth , Texas, Las Vegas, Ohio, Mississippi, Hill, Virginia

☆ Katie Britt defended her story suggesting Biden's border policies are to blame for sex trafficking that happened 3 presidencies ago
▼ + stars: | 2024-03-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

With her Republican rebuttal to President Joe Biden's State of the Union address on Thursday, Britt became a target for fact-checkers and late-night comedians. AdvertisementWhile describing the devastating circumstances of the woman's case, Britt seemed to imply that it took place under Biden's administration. President Biden's border policies are a disgrace," Britt said. The catch is that the case Britt referred to happened in Mexico during the second George W. Bush administration. "The story Senator Britt told was 100% correct," Ross told the Post, arguing that Biden's policies have "empowered the cartels" to victimize more people "than ever before."

Persons: —, Alabama Sen, Katie Britt, Joe Biden's, Britt, Biden, Biden's, George W, Bush, Britt's, Shannon Bream, Bream, Sean Ross, Ross Organizations: Service, Business, Del, Washington Post, Fox News Locations: Alabama, Joe Biden's State, Del Rio, Texas, United States of America, Mexico

☆ Biden's State of the Union address brought in $10 million for his reelection campaign, report says
▼ + stars: | 2024-03-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Joe Biden's reelection campaign raised $10 million in 24 hours after his State of the Union speech. Biden's campaign and the DNC outraised Donald Trump and the RNC in January, NBC News reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden brought his A-game for his State of the Union address last week, and it's paying off — literally. In the 24 hours following his address on Thursday, Biden's campaign for reelection brought in $10 million in what the campaign said was a record for the president, NBC News reported.

Persons: Joe Biden's, Donald Trump, —, Joe Biden Organizations: RNC, NBC News, Service, Union, NBC, Business Locations: —

☆ UN warns of 'massive loss of life' and 'atrocity crimes' if Israel moves in on Rafah
▼ + stars: | 2024-03-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

The UN warns of 'atrocity crimes' if Israel moves in on Rafah, where over a million are sheltering. Israel has already conducted strikes in Rafah, including one that hit a residential building. AdvertisementThe United Nations warned of increased "atrocity crimes" if Israel moves forward with an assault on Rafah in southern Gaza. "Any ground assault on Rafah would incur massive loss of life and would heighten the risk of further atrocity crimes. In February, Israel conducted a devastating offensive in Rafah as Americans watched the Super Bowl.

Persons: Israel, —, Jeremy Laurence, Laurence Organizations: UN, Service, United Nations, UN's, Human Rights, NBC, NBC News, Bowl, The New York Times Locations: Rafah, Israel, Gaza

☆ Some Russians are resisting the state's 'all-pervasive' crackdown on war dissidents – and paying for it
▼ + stars: | 2024-03-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Some 260 people have been jailed for anti-war stances, a Russian human rights organization said. AdvertisementAs Russia's war in Ukraine plods onward, so does its severe surveillance of citizens who have spoken out against the war effort. It's becoming all-pervasive," Orlov said during his trial in Moscow, after which he was sentenced to two and a half years in prison, CNN reported. AdvertisementSome 260 people are currently detained in Russian jails for their antiwar sentiments, according to OVD-Info, a Russian human rights group, CNN reported. Russia's tightening grip comes on the heels of the death of Alexey Navalny, one of Putin's top critics whose sudden demise in a Russian prison has been blamed on state actors.

Persons: Alexey Navalny, —, Oleg Orlov, It's, Orlov, Vladimir Putin's, Putin, Darya, Evgeniya Mayboroda, Nadezhda Buyanova Organizations: Service, CNN, The New York Times, Human Rights Watch Locations: Russian, Ukraine, Moscow, OVD

☆ Some fans got amputations after getting frostbite at January's subfreezing Dolphins-Chiefs playoff game, hospital says
▼ + stars: | 2024-03-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Fans at the subfreezing Chiefs-Dolphins playoff game in January suffered frostbite. AdvertisementSome fans who attended the freezing playoff game between the Kansas City Chiefs and Miami Dolphins in January had to get amputations after suffering from frostbite. Some of those patients were from the NFL playoff game on January 13, The Associated Press reported. Research Medical Center told the AP it performed amputations on 12 patients, though the hospital declined to say how many patients came from the playoff game. Tickets for the Dolphins-Chiefs game ranged from $42 to $989, unseasonably low due to the frigid weather.

Persons: —, Patrick Mahomes Organizations: subfreezing Chiefs, Dolphins, Service, Kansas City Chiefs, Miami Dolphins, NFL, Associated Press, Research Medical Center, AP, Business, Arrowhead, PBS, Chiefs, USA Locations: Missouri

☆ Veteran CNN anchor Christiane Amanpour confronted execs about Israeli influence in Gaza war coverage
▼ + stars: | 2024-03-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Renowned CNN anchor Christiane Amanpour reportedly challenged the company's Israel-Gaza coverage. The Intercept obtained a recording of an internal meeting with reporters and CNN executivesMany news organizations are facing criticism and complaints that they favor Israel's point of view. 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 . AdvertisementCNN international news correspondent Christiane Amanpour confronted executives about the network's coverage of the Israel-Gaza war, according to a report.

Persons: Christiane Amanpour, — Organizations: CNN, Service, Business Locations: Israel, Gaza, London

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