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☆ KPMG is making a $2 billion bet on AI. It's another example of big changes that are coming to the workplace.
▼ + stars: | 2023-07-14 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

KPMG is betting big on AI — another sign the technology's use is spreading fast. They plan to jointly develop generative AI tools for areas like the supply chain and cybersecurity. Through their tie-up, the companies plan to jointly develop generative AI tools for KPMG's employees and clients, he said. On the cybersecurity defense front, generative AI can help interpret a range of data to provide quicker information about potential threats and how to respond to them. "But generative AI provides a huge head start."

Persons: Carl Carande, Microsoft didn't, Carande, We're Organizations: KPMG, Microsoft, Morning, Reuters

☆ Some customers are complaining that a $3,000 temperature-controlled mattress that's praised by Elon Musk and Mark Zuckerberg is prone to leaks
▼ + stars: | 2023-07-13 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

A high-tech mattress by Eight Sleep, apparently beloved by the tech elite, reportedly leaks. One customer tweeted a photo of an Eight Sleep mattress with a large leak, Bloomberg reported. The company told Insider it "worked tirelessly" to address an issue affecting "a small fraction" of users. A high-tech mattress company whose mattresses retail for about $3,000 – and have the stamp of approval from tech's elite like Elon Musk – is reportedly prone to leaks. One customer shared a photo on Twitter over the weekend that showed a large wet patch on his Eight Sleep mattress, which is temperature-controlled using water.

Persons: Mark Zuckerberg, Andrew Ross Sorkin, we've Organizations: Bloomberg, Elon, New York Times

☆ Elon Musk launches new company xAI, which proclaims a lofty mission to 'understand the true nature of the universe'
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk officially unveiled his new company xAI on Wednesday. Musk publicly introduced a new company called xAI, whose stated aim is to glean "the true nature of the universe." And an apparently all-male, 12-person team including Musk has been detailed to the heady task, according to its website, which doesn't list any female employees. Hendrycks has published about the potential dangers of AI, including the technology's ability to spread disinformation. With the launch of xAI, Musk now owns or is in charge of half a dozen companies, including Tesla, SpaceX, Neuralink, The Boring Company, and Twitter.

Persons: Elon Musk, Musk, xAI's, Tesla, Musk helms, Dan Hendrycks, Hendrycks, Musk's Tesla, Insider's Kali Hays, — Manuel Kroiss, Igor Babuschkin, Babuschkin, Brian Philip Organizations: Morning, X.AI, Tesla, Twitter, X Corp, Microsoft, AI Safety, SpaceX, Center, AI, Palo Alto Police Department, The Boring Company Locations: Nevada, Hendrycks, Palo Alto

☆ See the CEOs arriving along with their luggage for the 'summer camp for billionaires' in scenic Idaho — from Tim Cook to ChatGPT boss Sam Altman
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +1 min

Allen & Co.'s annual conference, aka "summer camp for billionaires," is expected to start Wednesday. Its ultrawealthy guests began landing this week for the summit at Sun Valley, Idaho. Tim Cook, Sam Altman, and Marc Benioff are among the tech elite in attendance. Morning Brew Insider recommends waking up with, a daily newsletter. Loading Something is loading.

Persons: Allen, Tim Cook, Sam Altman, Marc Benioff, who's Organizations: Co, Morning, Hollywood, Allen Locations: Sun Valley , Idaho, newsrooms

☆ Elizabeth Holmes now has a shorter prison sentence, but she'll still owe victims $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

A federal court ordered Elizabeth Holmes and Sunny Balwani to pay $452 million. Defendants hit with such orders to pay victims may see it come out of any eventual wages they earn. So how will Holmes and her former business partner Sunny Balwani navigate a $452 million restitution order? Former Theranos CEO Elizabeth Holmes arrives at federal court with her partner Billy Evans on November 18, 2022. According to the restitution order, Holmes and Balwani are responsible for $125 million in restitution to Murdoch, $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Sunny Balwani, Rupert Murdoch, Holmes, Daniel Richman, Evan Gotlob, Saul Ewing, Billy Evans, Justin Sullivan, Justice Department's, It's, Balwani, Insider's, Murdoch, Gotlob, There's Organizations: Morning, News Corp, Walgreens, Safeway, Forbes, Federal, Office, Columbia Law School, Justice, US, Prosecutors Locations: California, Arizona, Manhattan, Boston, Northern California

☆ Tesla's mysterious 'Project 42' might be a glass house for Elon Musk, report says
▼ + stars: | 2023-07-11 | by ( Sindhu Sundar | Grace Kay | ) www.businessinsider.com time to read: +2 min

A Tesla project that led to an internal review could be a home for its CEO Elon Musk, WSJ reported. Tesla board members were involved in investigating the order, WSJ reported. An opaque project within Tesla dubbed "Project 42" might be getting some transparency — the endeavor is said to involve a glass house for Elon Musk, The Wall Street Journal reported. It's not clear if the building project is still in the works, or whether the glass order was ever delivered, the Journal reported. It's also not clear what role, if any, Afshar still holds at Tesla (though an email that Insider sent to his Tesla email account did not bounce back).

Persons: Elon Musk, Tesla, Omead Afshar, Musk, It's, Insider's, Afshar, Tesla's, Robyn Denholm Organizations: Morning, Elon, Street Journal, Bloomberg, Twitter, SpaceX, Austin Business Journal, WSJ Locations: Texas, Austin

☆ Ford Next CEO is accused of assaulting his wife with a Google Nest Hub screen and trying to torch $20,000 in purses, police say
▼ + stars: | 2023-07-11 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

He has entered a not guilty plea and is being held in Oakland County jail, records show. He is being held in Oakland County jail on a $25,000 cash bond, records show. Bloomfield Township police said Louis-Victor's wife accused him of assaulting her during a fight at home. Police did not identify Louis-Victor's wife by name. Representatives for the Oakland County Prosecutor's office did not immediately respond to a request for comment on Tuesday morning.

Persons: Franck Louis, Victor, Louis, Victor's, headbutted, Ford, Amy Mast, Mast Organizations: Ford, Police, Court, Oakland, Oakland County, Louis Locations: Michigan, Oakland County, Bloomfield, Bloomfield Hills

☆ This chart should worry Elon Musk
▼ + stars: | 2023-07-10 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Twitter's traffic rank has been declining since January, according to a graph by Cloudflare's CEO. Elon Musk's takeover of the social media app has led to whiplash for users experiencing its changes. Meta's new competing Threads app reached 100 million users within days of launching. Predictions about Twitter's waning appeal have been a recurring theme of discourse around the app since Elon Musk took over last fall. Now, not only has Twitter threatened legal action against Meta over Threads, Musk has also tweeted the idea of a "literal dick measuring contest" against Zuckerberg.

Persons: Elon, whiplash, Elon Musk, Cloudflare's, Matthew Prince –, –, Prince, Twitter, Cloudflare, David Belson, Mark Zuckerberg, Zuckerberg, Musk Organizations: Elon Musk's, Elon, Twitter Locations: .

☆ How does ChatGPT decide what to say next? Here's a quick explainer.
▼ + stars: | 2023-07-09 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

AI chatbots like ChatGPT are based on large language models that are fed a ton of information. Here's how computer science experts explain how the bots know what words to say next. Bots like ChatGPT are also trained on large amounts of conversations that have taught machines how to interact with human users. But watch out for what chatbots don't knowWhat happens when you ask it a question it doesn't know the answer to? That's where chatbots create the most trouble because of an inherent trait — they don't know what they don't know.

Persons: They're, annotators, Kristian Hammond, Northwestern University . Hammond, Richard Harris, Richard Nixon, Hammond, chatbots, it's, William Wang, He's Organizations: Northwestern University ., university's Center, Advancing, Machine Intelligence, University of California Locations: Santa Barbara

☆ Some testers with smaller heads and bodies reportedly had trouble keeping Apple's Vision Pro headset on for more than 30 minutes
▼ + stars: | 2023-07-07 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Apple's forthcoming Vision Pro headset reportedly posed a challenge for some smaller testers. Testers with small heads and bodies had trouble keeping it on more than 30 minutes, Bloomberg reported. The Apple Vision Pro headset is set to launch next year in the US, but so far some physically smaller testers have reportedly found the high-tech goggles a little trickier to keep on for extended periods of time. Those with smaller heads and bodies who tested out the $3,500 device found it was hard to keep it on for more than 30 minutes, according to a new Bloomberg report. A screenshot from Apple's Vision Pro headset reveal briefly showed a secondary support strap, which Apple is still working to finalize, according to Bloomberg's report.

Organizations: Bloomberg, Apple Locations: China

☆ Taylor Swift reportedly questioned FTX's model. But her reps still signed a sponsorship deal with the company, a new report says.
▼ + stars: | 2023-07-06 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Taylor Swift was apparently the rare celebrity to ask if FTX dealt in "unregistered securities." But her team agreed to a tour sponsorship with FTX, The New York Times reported. Swift would not endorse FTX, and the proposed arrangement had been "narrowed down to a tour sponsorship deal," a source familiar with the discussions told Insider. "In our discovery, Taylor Swift actually asked them, can you tell me that these are not unregistered securities?" Swift and FTX had contemplated a $100 million sponsorship deal, the FT reported in December.

Persons: Taylor Swift, FTX, Sam Bankman, Fried, Swift, Taylor, Adam Moskowitz, Moskowitz, Insider's Organizations: The New York Times, The Times, Morning, New York Times, Bankman Locations: The, New York

☆ Air Force colonel says it took AI 10 minutes to complete a task that can take humans days
▼ + stars: | 2023-07-06 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

The US government is testing how AI can support its defense capabilities, Bloomberg reported. With AI, some actions can be done in minutes rather than days, an Air Force colonel told the outlet. Matthew Strohmeyer, the colonel, said a large language model, or LLM, zipped through a task in 10 minutes that usually would have taken humans hours or days to complete. The Defense Department could eventually use AI to help make decisions. The guidelines say humans should be involved in "all actions critical to informing and executing sovereign decisions concerning nuclear weapons employment."

Persons: Matthew Strohmeyer, Insider's, Michael Horowitz, " Horowitz Organizations: Bloomberg, Air Force, Pentagon, The Defense Department, Department of Defense, Defense, State Department

☆ DirecTV might owe you around $460 — here's how to check in 30 seconds or less
▼ + stars: | 2023-07-05 | by ( Haley Tenore | Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Those impacted are expected to get roughly $460 each, plaintiffs said, and you can quickly check if you're eligible. How to check if you're eligible for a payout from DirecTVIt's easy to check — just head on over to DirecTVClassActionSettlement.com and click on the box on the right-hand side of the page that says "Phone Number Check." You can then enter a phone number into the text box and check to see if it was impacted. You can do that by clicking the "submit claim" button above the "Phone Number Check" button and enter your phone number into the text box. David Vance, Roxy Vance and Carla Schultz, who later joined the suit, said they also received telemarketing phone calls despite being on do-not-call list.

Persons: —, John Barrett, AC1, Vance, Haley Tenore, Diana Mey, David Vance, Roxy Vance, Carla Schultz Organizations: DirecTV, Service, Court, Northern, Northern District of, Telephone Consumer Protection Locations: An Ohio, Ohio, Northern District, Northern District of West Virginia, Diana Mey of Wheeling , West Virginia

☆ The history of Apple in photos, from the early Steve Jobs era and iPhone launch to crossing the $3 trillion milestone under Tim Cook
▼ + stars: | 2023-06-30 | by ( Matt Weinberger | Avery Hartmans | Sindhu Sundar | ) www.businessinsider.com time to read: +1 min

But the iPhone-maker almost didn't make it this far — it struggled in the '90s until Steve Jobs returned as the company's CEO. Apple has weathered hits and flops over the years, from the launch of the influential Apple II to the misguided Newton MessagePad. Apple surpassed a $3 trillion market cap on Friday morning — a milestone it previously hit once last year but didn't sustain. Michael Dell himself once quipped that if he were in Jobs' shoes, he'd shut Apple down and return the money to the shareholders. Here's a look into the history of Apple in photos, from its inception, through its hard times, to the triumphant return of Jobs.

Persons: Steve Jobs, Newton, Michael Dell Organizations: Apple, Morning, Microsoft

☆ Jesse Watters is taking Tucker Carlson's old Fox News slot
▼ + stars: | 2023-06-26 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Jesse Watters, known for his "Watters' World" segments, is taking Tucker Carlson's old slot. Watters' profile at Fox News rose through his work with the network's former star Bill O'Reilly. Watters' show "Jesse Watters Primetime" will take the 8 p.m. Eastern slot on July 17, Fox News said in a statement on Monday that outlined its forthcoming schedule. In its statement, Fox News described the show as Watters' "fresh take on the major headlines of the day while interviewing newsmakers from across the country." Carlson did not immediately respond to Insider's Twitter DM seeking comment on Watters taking over his former Fox News slot.

Persons: Jesse Watters, Watters, Tucker, Bill O'Reilly, Carlson, Tucker Carlson, " Watters, O'Reilly, Donald Trump, Hillary Clinton Organizations: Fox News, Dominion, Morning, Fox Nation, Twitter, Fox, Dominion Voting Systems Locations: New York, Chinatown

☆ See the high-risk trips wealthy travelers are booking, from Everest trips to $750,000 expeditions to the deepest point in the ocean
▼ + stars: | 2023-06-21 | by ( Sarah Jackson | Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Climbing Mount Everest for more than $200,000Furtenbach Adventures offers 199,000 Euro packages for Everest trips. Furtenbach Adventures. That's pricey even for Everest trips, which can cost in the $40,000 to $100,000 range, National Geographic wrote last year. "With a shorter expedition, you have less exposure to risk," said Lukas Furtenbach, the founder of Furtenbach Adventures. Climbing Mount Everest is dangerous.

Persons: Lukas Furtenbach, Furtenbach, sherpas Organizations: Everest, Geographic, Furtenbach Locations: Everest, Austria, Lake Tahoe

☆ FTC sues Amazon, saying it 'tricked' customers into signing up for Prime and sabotaged attempts to cancel
▼ + stars: | 2023-06-21 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

The FTC filed a new lawsuit accusing Amazon of "tricking" customers into joining Prime. Prime subscriptions cost $14.99 a month and generate $25 billion in revenue each year, the complaint said. The company "knowingly duped millions of consumers into unknowingly enrolling in its Amazon Prime service," the FTC said in its complaint filed in federal court in Washington state. "Specifically, Amazon used manipulative, coercive, or deceptive user-interface designs known as 'dark patterns' to trick consumers into enrolling in automatically-renewing Prime subscriptions," the agency alleged. Prime members tend to buy more and shop more frequently at Amazon, driving higher sales and a more loyal customer base for the retail giant.

Persons: —, Lina Khan, Insider's, Jeff Bezos Organizations: FTC, Amazon, Prime, Service, Federal Trade Commission, Amazon Prime, Amazon's Locations: Washington

☆ Magellan, the company that mapped the Titanic wreck, is trying to scramble its deep-sea scanning equipment to help locate the lost sub
▼ + stars: | 2023-06-20 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Magellan, which helped develop visuals of the Titanic, said it's trying to help find the lost sub. "We are ready to support, and we are fully mobilised to help," Magellan said on its site. OceanGate runs the Titan submersible to take trips to the Titanic's wreck in the Atlantic Ocean. The equipment it is trying to bring in are those that helped produce the Titanic wreck images, the Magellan's David Thompson said to CNN. "We are ready to support, and we are fully mobilised to help," Magellan said on its site.

Persons: it's, Magellan, OceanGate, James Cameron's, David Thompson Organizations: US Coast Guard, Atlantic Productions, The Coast Guard, CNN, Magellan Locations: John's, Newfoundland, Canada, Cape Cod , Massachusetts

☆ Ex-Goldman partner Adam Dell reportedly paid multimillion-dollar settlement after sending a sexually explicit video to a coworker
▼ + stars: | 2023-06-16 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Ex-Goldman Sachs partner Adam Dell shared a sexually explicit video by mistake, Bloomberg reported. Dell paid a multimillion-dollar settlement to the coworker who saw the video, Bloomberg reported. Goldman Sachs CEO David Solomon was among top execs who looked into the complaint, Bloomberg said. She ultimately settled for less, but Adam Dell, 53, still paid a "multimillion-dollar" settlement, Bloomberg said, citing people familiar with the matter. Adam Dell, who founded the investing platform Domain Money, did not respond to Insider's emailed requests for comment on Thursday.

Persons: Goldman Sachs, Adam Dell, Dell, David Solomon, Bloomberg, Michael Dell's, isn't, hadn't, Tony Fratto, Goldman, Insider's, Padma Lakshmi, Kathy Ruemmler —, Barack Obama — Organizations: Bloomberg, Morning, Dell Technologies, Goldman, Impact Venture Partners, Bravo, New York federal, White Locations: New York

☆ Elizabeth Holmes owes $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-06-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

☆ An alcohol-free San Francisco mansion is now a hype house for developers making their own AI apps
▼ + stars: | 2023-06-01 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

A wave of generative AI founders have reportedly found a venue in HF0 to develop their ideas. The New York Times reports the effort is a communal hub for founders and ex-Big Tech engineers. In an alcohol-free, work-hard, play-hard hotel environment, developers can revel and dine together while building their businesses, The New York Times reports. It's been steadily attracting developers with a knack for AI, according to The Times' feature, though it's open to aspiring tech founders in general. Read the full story at The New York Times.

Persons: revel, Hacker, It's, who've, Andreessen Horowitz, Lu, Jeff Chiu, Dave Fontenot, Emily Liu, Evan Stites, Clayton, HF0, Fontenot didn't, ChatGPT Organizations: New York Times, Big Tech, Morning, The Times, Google, Sequoia, Times, The New York Times Locations: HF0, San Francisco, San

☆ The man accused of killing CashApp founder Bob Lee just saw his defense lawyer leave the case
▼ + stars: | 2023-05-30 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Nima Momeni, who has pleaded not guilty in the murder of Bob Lee, has parted ways with his lawyer. Attorneys Saam Zangeneh and Bradford Cohen confirmed to Insider that they're now representing Momeni. Momeni's now-former attorney, Paula Canny, pulled out of the case at a hearing on Tuesday in San Francisco, according to multiple news reports, including by the San Francisco Chronicle. Momeni also has new lawyers now representing him: Saam Zangeneh, a criminal defense attorney in Miami, confirmed to Insider that he is representing Momeni along with Bradford Cohen, a criminal defense attorney in Fort Lauderdale, Florida. Representatives for the San Francisco District Attorney's office did not immediately respond to Insider's emailed inquiries on Tuesday.

Persons: Nima Momeni, Bob Lee, Paula Canny, who'd, Saam Zangeneh, Bradford Cohen, Momeni's, Canny, Momeni, Saam, Cohen, Brooke Jenkins Organizations: Morning, San Francisco Chronicle, San Locations: Momeni, San Francisco, Miami, Fort Lauderdale , Florida, San Francisco District

☆ I made about $6,500 for 2 days of work as a stand-in for 'SNL' star Chloe Fineman on a commercial shoot
▼ + stars: | 2023-05-29 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

Sarah Pribis is a working actor who also makes TikToks explaining her range of jobs and pay. I had never done stand-in work before. The reasons that I've gathered that it was so much — because this is not the norm for stand-in work — is that it was a commercial job, and commercial rates for stand-in work are higher. I've built a career as a working actor and want to demystify the experienceI've been doing this since I was 18. So really showing that being an actor runs from being in a CW show to doing stand-in work for Chloe Fineman to being in a full panda costume.

☆ 4 things 'Succession' gets wrong about business
▼ + stars: | 2023-05-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +7 min

HBO's hit show "Succession" airs its series finale Sunday night, with Waystar Royco's future in the balance. It captures the spirit of boardroom drama, but takes some liberties with corporate law, experts said. On HBO's hit show "Succession," the beats of a proxy fight are sometimes just as intense as a scheming betrayal from a once loyal lackey. Over four seasons, the show has laid out a thesis about the all-encompassing gravitational force of Logan Roy, the media mogul behind the fictional news and entertainment conglomerate Waystar Royco. "But the failure of the board to engage in any succession planning at all, is a first thing to note," she said.

☆ An organic baby formula company says it'll speed up your online order if you add a tip. It's the latest example of tipping gone overboard that's driving some customers crazy.
▼ + stars: | 2023-05-24 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

A baby formula company says it can will deliver orders faster to customers who tip, per the WSJ. The company told Insider that the tips all go to its warehouse workers. Baby formula company Organic Life Start is slashing fulfillment times from 24 hours to 12 hours for customers who tip when they check out, according to The Wall Street Journal. A company representative framed tipping as an opportunity for customers to acknowledge the personal touch and labor that goes into fulfilling an order in a statement to Insider. The phenomenon can be at least partly attributed to rising inflation and costs that companies are looking to pass onto customers, Insider previously reported.

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