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☆ 12 of Jeff Bezos and Lauren Sánchez's best style moments
▼ + stars: | 2024-04-11 | by ( Samantha Grindell | Amanda Krause | ) www.businessinsider.com time to read: +1 min

Jeff Bezos and Lauren S á nchez have been a public couple since 2019.nchez have been a public couple since 2019. They've started attending public events together in recent years, especially since they got engaged. AdvertisementJeff Bezos and Lauren Sánchez's relationship has been newsworthy since it became public in 2019, as their relationship came on the heels of the Amazon founder's divorce from MacKenzie Scott. After multiple outlets reported they were engaged in May 2023, they have been attending more public events together than ever. This story is available exclusively to Business Insider subscribers.

Persons: Jeff Bezos, Lauren S á, nchez, They've, —, Lauren Sánchez's, MacKenzie Scott Organizations: Service, Business

☆ Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant's 'transformations'
▼ + stars: | 2024-04-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba founder Jack Ma on Wednesday praised the company's reorganization and change over its tumultuous past year, marking the billionaire's second major public statement to employees in just a few months. Daniel Zhang, longtime CEO of Alibaba Group, unexpectedly quit and then stepped down as CEO of the company's cloud unit. Ma is reemerging at a time when Alibaba employees are likely in need of a morale boost. The Alibaba founder also said Alibaba needs to think what e-commerce looks like in three years' time, especially since the arrival of artificial intelligence.

Persons: Jack Ma, Alibaba, Ma, ByteDance, Daniel Zhang, Eddie Yongming Wu, Joe Tsai, Tsai, Wu Organizations: CNBC, Wednesday, Ant Group, Alibaba, Cainiao Locations: China, Beijing

☆ Stocks, Real Estate Will Crash When 'Everything Bubble' Pops: Kiyosaki
▼ + stars: | 2024-04-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Robert Kiyosaki warned an "everything bubble" spanning stocks, bonds, and real estate would pop. The "Rich Dad Poor Dad" author touted gold, silver, and bitcoin for riding out the storm. "The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH," he said in a recent X post. Please buy more real gold, silver, Bitcoin." The Rich Dad Company founder's latest crash warning should be treated with skepticism as his previous ones have failed to pan out.

Persons: Robert Kiyosaki, Dad, —, — he's, bitcoin, Rich Dad, founder's, Kiyosaki, Lehman Organizations: Service, Nasdaq, Federal Reserve, Credit Suisse, UBS Locations: Swiss

Nine former staffers are suing the social-media management company Unruly Agency. The lawsuits contain allegations of wrongful termination and unjust imprisonment. Unruly's lawyer said the claims "have been meticulously reviewed and found to be without merit." AdvertisementA company that manages OnlyFans accounts for top influencers, including Tana Mongeau and Abby Rao, has been hit with nine lawsuits from former staffers this year. The lawsuits against Unruly Agency include allegations of wrongful termination, retaliation, and unjust imprisonment.

Persons: —, Tana Mongeau, Abby Rao Organizations: Service, Business

☆ Mark Zuckerberg and Jensen Huang just gave us a Meta-Nvidia crossover we never saw coming
▼ + stars: | 2024-03-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg seems to be a huge fan of chip giant Nvidia and its CEO, Jensen Huang. AdvertisementMeta and Nvidia CEOs Mark Zuckerberg and Jensen Huang just gave us a Big Tech fashion crossover for the books. AdvertisementA meeting between Zuckerberg and Huang wouldn't be surprising considering Zuckerberg's ambitions to expand aggressively into the AI space. In an earnings call last year, Zuckerberg told investors that AI will be Meta's "biggest investment area in 2024 for engineering and compute resources." Advertisement"We have built up the capacity to do this at a scale that may be larger than any other individual company," Zuckerberg told The Verge.

Persons: Mark Zuckerberg, Jensen Huang, Huang, Zuckerberg, Meta, —, he's, Ambani, Priscilla Chan, Alexander McQueen, Anant Ambani's Richard Mille, Huang wouldn't Organizations: Nvidia, Service, Big Tech, Meta Locations: Jersey, Asia

☆ Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
▼ + stars: | 2024-03-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC. That bid could go up to $900 million pending due diligence, the person said. Neumann, his family office Nazare, and his Andreessen Horowitz-backed real estate venture Flow filed a notice of appearance in WeWork's bankruptcy docket on Monday. Flow did not respond to CNBC's request for comment regarding the $900 million potential bid. Neumann's bid, which was first reported by the Wall Street Journal, may complexify WeWork's bankruptcy proceedings.

Persons: Adam Neumann of WeWork, Victor Fung Kwok, Adam Neumann, Dan, Neumann, Andreessen Horowitz, —, WeWork, we've, it's, lessors Organizations: Fung Group, CNBC, Board, Wall Street Locations: Shanghai, China

☆ A 1983 Apple business card signed by Steve Jobs just sold for $181,183
▼ + stars: | 2024-03-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

A business card with Steve Jobs' signature sold for $181,183 in an auction on Thursday. A 1983 "Apple Computer," business card signed in black ink by Steve Jobs sold for $181,183 on Thursday, according to RR Auction. The Apple founder's business card sold for $181,183. RR AuctionThe off-white business card was listed as the "extremely rare, perfectly graded Steve Jobs-signed Apple Computer business card from circa 1983." Related storiesRR Auction has previously auctioned 10 Steve Jobs business cards, with only one dating back to 1983.

Persons: Steve Jobs, —, Mike Graff, Steven Jobs, Bobby Livingston, Jobs, Stephen Hawking, Steve Wozniak, Ronald Wayne, Eduardo Cisneros Organizations: Apple, Service, Apple Computer, Macintosh Factory, Pirates, Jobs, Apple Computer Corporation Locations: Caribbean

☆ Sam Bankman-Fried's lawyers say prosecutors are treating their client like a 'depraved super-villain' with 'dark and megalomaniacal motives'
▼ + stars: | 2024-03-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyers slammed the 40 to 50-year prison sentence prosecutors recommended. Bankman-Fried's lawyers accused prosecutors of casting him as a "depraved super-villain." AdvertisementLawyers for Sam Bankman-Fried are pushing back against the 40 to 50-year prison sentence prosecutors have recommended for their client. "It adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation," Bankman-Fried's lawyers wrote. Related storiesThis isn't the first time Bankman-Fried's lawyers have pleaded for leniency.

Persons: Sam Bankman, —, Lewis Kaplan, Fried, Marc Mukasey, Mukasey, they've, Barbara Fried, Kaplan Organizations: Service, Bankman Locations: Delaware

☆ Ad insiders are buzzing about industry power broker Michael Kassan's messy split with UTA and what it means for the future of MediaLink
▼ + stars: | 2024-03-13 | by ( Lara O'Reilly | Lucia Moses | ) www.businessinsider.com time to read: +9 min

After falling out with Kassan, UTA may think twice about buying another agency. The media and ad industry will be watching to see what, if any, leadership changes UTA makes at MediaLink. The end of the ad industry schmoozefest? One industry veteran said they saw Kassan's exit as an opportunity to change how ad industry consultants operate and charge for services. At the center of the dispute between UTA and Kassan is the MediaLink founder's $950,000 annual expense account.

Persons: Michael Kassan, MediaLink, Kassan, Jeremy Zimmer, Kassan wasn't, Vianney Tisseau, headhunting, Jon Miller, Sanford Michelman, Michelman, Robinson, Ethan Miller, Julian Jacobs, David Anderson, WME, Kassan's, Wenda Harris Millard, wasn't, what's, There's, Lou Paskalis, Marc Sternberg's, Lady Gaga, Elton John, Mariah Carey, Tom Brady, Rob Norman, WPP's Organizations: UTA, Cannes Lions, Consumer, Business, Los Angeles Superior Court, Los, Judicial, Mediation Services, Variety Cannes Lions Studio, Integrated Media, Getty, Talent, Accenture, General Motors, Netflix, JUV Consulting, Madison, Endeavor, Writers Guild of America, Zimmer, Western Initiative Media Worldwide, Interpublic Group, Bank of America, AJL, Marc Sternberg's Brand, Kassan, Southwest, NFL Locations: MediaLink, Cannes, France, Madison, Droga5, Hollywood, Kassan, California, South, Austin

☆ Mark Zuckerberg is almost $54 billion richer this year — and he's closing in on Elon Musk
▼ + stars: | 2024-03-11 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg's net worth has surged by almost $54 billion this year, according to Bloomberg data. Zuckerberg is close to overtaking Elon Musk for the first time since late 2020. AdvertisementMark Zuckerberg has become a lot wealthier this year 2024 — and is closing in on his would-be cage-fight rival Elon Musk for the title of the world's third-richest person. The Meta CEO's fortune has surged by almost $54 billion since the start of January, according to the Bloomberg Billionaires Index. As of Friday's closing bell, he was worth $182 billion — just $7 billion behind Musk.

Persons: Mark Zuckerberg's, Zuckerberg, Elon Musk, —, Mark Zuckerberg Organizations: Bloomberg, Facebook, Elon, Service, Business

☆ 6 things we learned from the founder of Telegram's first interview in 7 years
▼ + stars: | 2024-03-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Founder Pavel Durov said profitability is coming, and maybe even an IPO. Durov gave his first public interview in seven years to the Financial Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a rare new interview, Telegram founder Pavel Durov revealed that his company is nearing profitability, and may even enter the public market. It's the reclusive founder's first public interview since 2017, according to the outlet.

Persons: What's, Pavel Durov, Durov, —, who's, Mark Zuckerberg, founder's Organizations: Financial Times, Service, Business Locations: Russian, Russia, Dubai

☆ Elon Musk's wealth is down by almost $40 billion this year — and it's only March
▼ + stars: | 2024-03-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The Tesla CEO's wealth has dropped by almost $40 billion since the start of 2024. The EV maker's sagging stock price has taken its toll on Musk's net worth. The Tesla CEO's net worth has plunged by almost $40 billion this year, according to the Bloomberg Billionaires Index. AdvertisementThe LVMH chief is worth $197 billion, $1 billion more than Bezos, after adding $18 billion to his worth this year. Most of Musk's wealth comes from his 21% stake in the EV maker.

Persons: Elon, —, Jeff Bezos, He's, Bernard Arnault, it's, Arnault, Musk Organizations: Service, Tesla, Bloomberg Locations: China, Delaware

☆ The real story behind Coco Chanel's collaboration with the Nazis, as featured in 'The New Look'
▼ + stars: | 2024-03-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +8 min

Apple TV+ "The New Look" shines a light on Coco Chanel's murky history as a Nazi informant and spy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Juliette Binoche and Emily Mortimer as Coco Chanel and Elsa Lombardi in "The New Look." Roger Do Minh/Apple TVHow deep the fashion icon's Nazi collaboration ran was made public for the first time in "Sleeping with the Enemy: Coco Chanel's Secret War," by Hal Vaughan, published in 2011. AdvertisementChanel, who died in 1971 at 87, continued her relationship with Von Dincklage after the war for several years.

Persons: —, France's, Coco Chanel that's, Chanel, Todd A, Christian Dior, Juliette Binoche, Emily Mortimer, Coco Chanel, Elsa Lombardi, Roger Do Minh, Hal Vaughan, Vaughan, Dreyfus, Alfred Dreyfus, Hulton, Baron Hans Günther Von Dincklage, Von Dincklage, Spatz, André Palasse, Pierre, Paul Wertheimer, Chanel didn't, Parfums Chanel, Modelhut Coco Chanel, Winston Churchill, Bettmann, Duke of Westminster, Walter Schellenberg, Schellenberg, Vera Bate Lombardi, Lombardi —, Chanel's, Churchill, Baron Louis de Vaufreland, Per Vaughan, Wertheimer, James Andanson, Dincklage, Baron von Dincklage Organizations: Apple, Nazi, Service, Deutsch, Hotel Ritz, Abwehr, AFP, Getty, British, Paris, Chanel Locations: Nazi, Paris, German, British, Germany, French, Britain, Madrid, Churchill, Switzerland

☆ An Airbnb cofounder's new startup wants to drop factory-made tiny homes into California backyards — see inside its $324,000, two-bedroom unit
▼ + stars: | 2024-03-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Samara, cofounded by Airbnb's Joe Gebbia, is selling modular accessory dwelling units. See inside its most expensive unit, a $324,000 two-bedroom tiny home. AdvertisementA new startup wants to drop tiny homes into your backyard. If the name doesn't ring a bell, you might recognize one of its cofounders, Joe Gebbia. Quite the opposite: It's manufacturing factory-built accessory dwelling units (ADUs), or tiny homes, that can be dropped into Californians' backyards.

Persons: Airbnb's Joe Gebbia, —, Oz, Ariana Grande, Ethan Slater, Joe Gebbia, Brian Chesky Organizations: Service, Airbnb Locations: Samara, Mexico, It's California

☆ FTX fraudster Bankman-Fried seeks less than 7 year sentence, claims he is at risk of 'harm and extortion' in prison
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. "The harm to customers, lenders, and investors is zero," Bankman-Fried's lawyers wrote. The lawyers wrote that Bankman-Fried has a "neurodiversity" that "greatly affects how he perceives and is perceived." It is not a disease or a condition that needs to be cured," the lawyers wrote. "Individuals with ASD are often at considerably greater risk of physical harm and extortion in prison than other inmates," the lawyers wrote.

Persons: Sam Bankman, Fried, Joseph Bankman, Barbara Fried, Lewis Kaplan, —, Michael Milken, Damian Williams, Williams, Kaplan, Marc Mukasey, Sam, Drexel Burnham Lambert, Milken Organizations: Bankman, Alameda Research, The Manhattan U.S, PSR, Defense, Drexel, CNBC PRO Locations: New York, FTX, Manhattan, Alameda, Brooklyn , New York

☆ Why South Korea's Japan-style measures to boost its stock market may not work
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSouth Korea's Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called "Korea discount." Asia's fourth-largest economy is striving to boost stock market valuations that are considered much lower compared to peers, with analysts referring to the phenomenon as the "Korea discount." The 'chaebol' problemSouth Korean markets are made up of corporations called "chaebols," which are large family-owned global conglomerates, typically controlled by the founder's family. "The behavior that leads to South Korea's low stock prices is motivated, and therefore seeking to coax South Korean controlling families into 'being nice' to minority stockholders is unlikely to be successful," Pines said.

Persons: SeongJoon Cho, James Lim, Jonathan Pines, Federated Hermes, Daniel Tan Organizations: Korea Exchange, Bloomberg, Getty Images Bloomberg, Getty, Financial, FSC, Samsung Electronics, LG, SK, Hyundai, Dalton Investments, Japan, Korean Stock Exchange, Federated, Grasshopper Asset Management, CNBC Locations: Seoul, South Korea, Japan, Korea, Tokyo, Asia, Singapore

☆ Reddit aims to ride the AI wave by going public
▼ + stars: | 2024-02-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The platform's listing, expected next month, would be the largest IPO by a social media company since Pinterest in 2019. That means some are wondering why Reddit has waited until now to make its move, but AI might have something to do with it. Reddit also listed data licensing and AI training as part of its income streams. "We are going public to advance our mission and become a stronger company," he said in a founder's letter included in the prospectus. AdvertisementRepresentatives for Reddit did not immediately respond to a request for comment from BI, made outside normal working hours.

Persons: Reddit, Sam Altman, Steve Huffman, Huffman, Fortune, Katie Notopoulos Organizations: New York Stock Exchange, Facebook, Twitter, Business, Securities and Exchange Commission, Google, University, Virginia, GameStop, AMC Locations: Reddit

☆ Reddit is a litmus test for investor appetite for non-AI things, says FirstMark's Heitzmann
▼ + stars: | 2024-02-22 | 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 EmailReddit is a litmus test for investor appetite for non-AI things, says FirstMark's HeitzmannRick Heitzmann, FirstMark co-founder and partner, joins 'Closing Bell' to discuss if Reddit's IPO makes Heitzmann feel better about the overall landscape, the co-founder's reaction to the recent stock performance, and much more.

Persons: FirstMark's, Rick Heitzmann, FirstMark

☆ Malia Obama made her directorial debut at Sundance with a short film about a grieving son. Reviewers weren't impressed.
▼ + stars: | 2024-02-21 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Malia Obama made her directorial debut at the Sundance Film Festival with the short film 'The Heart.' In the 18-minute short film "The Heart," Malia is credited with writing and directing under the name 'Malia Ann,' conspicuously omitting her well-known surname. The Daily Beast called the short film "solid but mostly forgettable" in a section called "Nepo Baby of the Week." Glover, who mentored Malia Obama, told GQ last April that he'd said to her: "You're Obama's daughter. Malia Obama has, in fact, been working in the industry since graduating from Harvard.

Persons: Malia Obama, Malia Ann, Malia, —, Barack Obama, Letterboxd, Obama, Steven, Kate, Spielberg, Michelle Obama, Donald Glover's, Glover, he'd Organizations: Sundance, Service, New York Times, Productions, GQ, Harvard, Halle, Weinstein Company

☆ 'Social' media is both the cause of — and solution to — our loneliness problem
▼ + stars: | 2024-02-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The report listed technology as a driver behind our isolation, fear of missing out, conflict, and reduced social interaction. Other drivers of loneliness included social policies, cultural norms, the political environment, and macroeconomic factors. In fact, most research demonstrates that loneliness increases with increased use of technology, especially social media sites." "The response is incredible," Kyle Rand, CEO and cofounder of Rendever, told BI. He added: "The trend to solve loneliness through more technology, when technology has not yet reduced the problem, seems to be going in the wrong direction."

Persons: disincentivized, Dr, Nicole Siegfried, bookending, Josh Greene, Sherita Harkness, Harkness, There's, Kyle Rand, Brooke, I've, Daniel Boscaljon, Siegfried Organizations: Service, Technology, Business, US, Tech, Meta, Behavior, Flow, National Institute, Aging, National Institutes of Health, Inc, Institute, Trauma Locations: Luka, Chicago, Inc

SAVANNAH, Ga. (AP) — Michael Thurmond thought he was reading familiar history at the burial place of Georgia's colonial founder. The son of a sharecropper and great-grandson of a Georgia slave, Thurmond became an attorney and has served for decades in state and local government. Historians have widely agreed Oglethorpe and his fellow Georgia trustees didn’t ban slavery because it was cruel to Black people. Escaped slaves captured in Oglethorpe’s Georgia were returned to slaveholders. Thurmond's book openly embraces such evidence that Oglethorpe's history with slavery was at times contradictory and unflattering.

Persons: — Michael Thurmond, James Edward Oglethorpe, ” Oglethorpe, Thurmond, Oglethorpe, ” Thurmond, ”, “ James Oglethorpe, Father, Georgia, Stan Deaton, Britain's, “, Gerald Horne, Horne, Thurmond's, James F, Brooks, ” Brooks, — Ayuba Suleiman Diallo, Olaudah Equiano, Granville Sharp, Hannah More, Sharp Organizations: University of Georgia Press, Georgia Historical Society, ”, Royal African Company, America, University of Houston, University of Georgia, Society, Slave Locations: SAVANNAH, Ga, Georgia, London, Black, British, Oglethorpe, DeKalb County, Atlanta, Parliament, England, America, New York, Boston, South Carolina, Spanish Florida, Virginia, Savannah, Oglethorpe’s Georgia, Africa, U.S

☆ Elon Musk's AI startup is courting potential investors with a pitch deck that touts access to the 'Muskonomy'
▼ + stars: | 2024-02-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk's xAI thinks it can draw investors in with a unique selling point: the "Muskonomy." The AI company touted its access to Musk's companies in its pitch deck to investors, per Bloomberg. The deck cited Musk's track record and OpenAI's success as factors for investors to consider. AdvertisementElon Musk's AI startup, xAI, says investors should take a bet on the company because of its founder's track record as an entrepreneur. According to a pitch deck seen by Bloomberg, xAI was touting its access to Musk's network of companies, which it called the "Muskonomy."

Persons: Elon Musk's xAI, —, Elon, xAI Organizations: Bloomberg, Service

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXRP drops after Ripple co-founder's crypto wallets hacked: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chuck Mounts, chief DeFi officer at S&P Global Ratings, discusses the agency's recent ranking of stablecoin stability and his outlook for digital assets.

Persons: explainers, Chuck Mounts Organizations: CNBC Crypto, CNBC

☆ Billionaire Jeff Bezos still uses a homemade scrappy door desk from the early days of launching Amazon
▼ + stars: | 2024-01-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read previewJeff Bezos might be a billionaire, but to this day, he still uses a homemade scrappy door desk from Amazon's early days in the 1990s. The Amazon founder's fiancée Lauren Sanchez posted a photo on Instagram over the weekend, which shows Bezos working from a laptop on the door desk. The door desk was invented by Bezos in 1995, a year after founding the e-commerce giant, according to a blog on Amazon's website . "We built door desks because it was the cheapest way we could support a desk. The door desk has since become a symbol of Amazon's culture and its core value of frugality.

Persons: —, Jeff Bezos, fiancée Lauren Sanchez, Sanchez, Bezos, Nico Lovejoy, Lovejoy, Marc Randolph, Randolph Organizations: Service, Business

☆ OpenAI is working on AI education and safety initiative with Common Sense media
▼ + stars: | 2024-01-29 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

OpenAI said Monday that it's partnering with Common Sense Media on an initiative designed to help teens understand how to use artificial intelligence in a safe manner. Common Sense, a nonprofit focused on making technology safe and accessible to kids, has been working to develop an AI ratings and review system intended for parents, children and educators to better understand the technology's risks and benefits. In September, Craig Newmark Philanthropies, the Craigslist founder's philanthropic arm, said it contributed $3 million to help fund a Common Sense artificial intelligence and education initiative. OpenAI and Common Sense didn't say how LLMs will be tweaked to help aid educators or teens. Altman said LLMs customized for educational purposes could help teens "who want to learn about science or learn about biology."

Persons: Sam Altman, OpenAI, Jim Steyer, Altman, Craig Newmark Philanthropies, Newmark Organizations: Economic, Media, Craigslist, CNBC, Microsoft Locations: Davos, Switzerland, San Francisco

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