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☆ Former Google CEO Eric Schmidt says future wars will be fought by AI drones and calls tanks 'useless'
▼ + stars: | 2024-10-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Eric Schmidt says drones are the future of warfare, calling the use of tanks "useless." AdvertisementEx-Google CEO Eric Schmidt said future wars will be fought by AI-powered drones, and urged the US military to do away with what he called "useless" tanks. In fact, buy 10, buy 20, buy 50, buy 100." Related Video Russian vs. Western-made tanks in the Ukraine warFor almost a decade, Schmidt has advised the US government and military on technology. AdvertisementAsked about the Russia-Ukraine conflict, Schmidt said he had been surprised by innovations in drone technology.

Persons: Eric Schmidt, Schmidt, —, He's, Sebastian Thrun, Forbes Organizations: Service, Future Investment Initiative, Department of Defense's Innovation, US National Security, Artificial Intelligence, Stanford University, Troops Locations: Ukraine, Saudi Arabia, Russia, Russian

☆ I tried Apple Intelligence for 48 hours. These are my favorite AI features so far.
▼ + stars: | 2024-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

I tried out Apple Intelligence on an iPhone 16 Pro Max over the first few days of its rollout. The iOS 18.1 update introduced AI tools like writing aids and photo editing on newer iPhones. AdvertisementI've been testing out Apple Intelligence for 48 hours, and it's already changing the way I use an iPhone. For transparency, I own an iPhone 14 Pro Max — an older model that can't support Apple's newly rolled-out AI features. AdvertisementThe tools aren't perfect, and Apple has said that outcomes can vary when it comes to Apple Intelligence.

Persons: Max, —, Max —, I've, Jordan Hart, Apple Organizations: Apple Intelligence, Service, Max, Apple, Worldwide, Conference

☆ Two big Fidelity funds own more than $100 million in OpenAI stock, filings show
▼ + stars: | 2024-10-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Two of the firm's big funds valued their OpenAI stock at more than $100 million, according to new filings. AdvertisementTwo of Fidelity's biggest funds have stakes in OpenAI that the mutual fund giant valued at more than $100 million in total, according to filings on Wednesday. According to the Contrafund's monthly report, which was published on October 30 and includes financial information for the month of September, Fidelity valued those OpenAI shares at $74,801,903. AdvertisementIt was not immediately clear how many OpenAI shares Fidelity owns in total. Representatives for OpenAI and Fidelity did not immediately respond to requests for comment.

Persons: Fidelity, — Organizations: Fidelity, Service, Growth, OpenAI Locations: OpenAI

☆ China lost 36% of its billionaires to years of economic troubles and crackdowns
▼ + stars: | 2024-10-30 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +7 min

According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.

Persons: —, crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China

☆ Elon Musk's xAI startup could soon be worth many times more than X
▼ + stars: | 2024-10-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Elon Musk's xAI is raising fresh funding at a $40 billion valuation, the WSJ reported. Social media network X, meanwhile, is currently valued at $9.4 billion, according to Fidelity filings. AdvertisementA new funding round in the works for xAI could value Elon Musk's startup at more than four times what his social media network, X, is currently worth, according to recent Fidelity filings. The AI startup is reportedly in talks to raise funding at a $40 billion valuation, according to the Wall Street Journal. Assuming the investment was made at X's $44 billion valuation, the fund now estimates X's value to be around $9.4 billion.

Persons: Elon Musk's, —, Musk, ChatGPT, That's Organizations: Social, Fidelity, Service, Elon, Wall Street, Sequoia Capital, Growth Locations: a16z, xAI

Zhang Yiming has built a $49.3 billion fortune since cofounding ByteDance, the Chinese tech giant behind TikTok. He recently became the richest person in China. AdvertisementThe widespread popularity of TikTok has created not only a new generation of social media stars — it's also helped mint China's wealthiest person. Zhang is a highly private person and little is publicly known about his personal life. He has recently, however, been thrust back into the spotlight after being named on the list as the richest person in China.

Persons: Zhang Yiming, cofounding ByteDance, Zhang, —, TikTok, — it's Organizations: Service Locations: China

☆ Microsoft is still spending massively on AI
▼ + stars: | 2024-10-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Investors have been focused on Big Tech AI spending and returns. That's a worry at Microsoft partly because feedback on the company's Copilot AI has been mixed. Others have been concerned that Big Tech spending on artificial intelligence is outpacing results. Goldman said Microsoft has been counting on its AI Copilot and other generative AI efforts at Windows, Edge, and Microsoft 365 to draw enterprise clients. AdvertisementMuch of Microsoft's spending has been going toward data centers, graphics processing units, and other AI projects.

Persons: —, Jeremy Goldman, Goldman, it's, Satya Nadella, Francine McKenna Organizations: Investors, Big Tech, Service, Microsoft, Apple, Windows, Bloomberg Locations: Redmond, Washington, OpenAI

☆ Gaming giant Take-Two is in talks to sell its Chartboost adtech division
▼ + stars: | 2024-10-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Take-Two Interactive is in talks to sell its adtech division Chartboost. AdvertisementTake-Two Interactive, the video games giant behind franchises like "NBA 2K24" and "Grand Theft Auto," is in talks to sell its adtech division Chartboost. Adtech companies AppLovin and LoopMe have emerged as potential buyers for the Chartboost assets, the people said. AdvertisementTake-Two acquired Chartboost through its 2022 $12.7 billion purchase of the mobile gaming company Zynga. AppLovin offers a similar, but larger, business to Chartboost — offering developers adtech to make money from their mobile games and find new users.

Persons: —, LoopMe, AppLovin, It's, Maggie Mesa, LUMA Organizations: AAA, Service, Business, Zynga, Mayfair Equity Partners, LUMA Partners Locations: FarmVille, Chartboost

☆ Molly Shannon says parents should change their attitude about raising teenagers
▼ + stars: | 2024-10-30 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Raising teenagers can be tricky, but the right approach can set the stage for a strong relationship. AdvertisementMolly Shannon has a tip for parents dreading the day their kids turn into teenagers. AdvertisementAnd if parents find themselves battling with their teenagers all the time, they should reflect on their parenting, Shannon, 60, said. When asked how she parents adult kids, the "Saturday Night Live" alum said that it's important to start with empathy. Raising teenagers is not always easyParenting teenagers can be tricky.

Persons: Molly Shannon, Hoda, Jenna, —, dreading, Shannon, Stella, Nolan, Allison Tenney, she's, Trisha Daab, I've Organizations: Service, Business Insider, Penn State, BI Locations: Pennsylvania, Iowa

☆ Adidas is getting back on track after Yeezy woes
▼ + stars: | 2024-10-30 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Adidas posted strong third-quarter growth. Operating profit jumped to 598 million euros ($646 million) from 409 million euros ($442 million) the year before. AdvertisementBjørn Gulden, who took over as Adidas CEO in 2023, said the Q3 numbers were evidence that Adidas is "moving in the right direction." Adidas stock dipped slightly on Wednesday but is up 20% since the start of the year, valuing the company at almost 40 billion euros ($43 billion). Related storiesOne of the reasons Adidas is finding success in the increasingly competitive athleisure and footwear industry is through the revival of retro styles such as the Adidas Samba, which was coronated the "It Shoe" of 2023.

Persons: Bjørn Gulden, —, Ye, Bjørn, Alexander Hassenstein, Neil Saunders, Gulden, Matthew Quint, Quint Organizations: Adidas, Service, Kanye, Puma, Center, Global Brand Leadership, Columbia Business School, Nike Locations: China

☆ I spent a day in Kamala Harris' Fortnite town. It was full of policy details meant to reach young voters, but was mostly empty.
▼ + stars: | 2024-10-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The map, Freedom Town, USA, focuses on affordable housing and Harris' proposed policies. I spent a day in Freedom Town, USA, building housing, and it was pretty empty. AdvertisementWelcome to Freedom Town, USA, a Fortnite world created by the Harris-Walz campaign. I took a trip to Freedom Town, USA, and spent the day observing and attempting to talk to players. So far, Freedom Town hasn't taken off; according to third party player statistics tracker Fortnite.GG, the Freedom Town map saw an all-time and 24-hour peak of 563 users.

Persons: Harris, Walz, —, Walz's, Gen Zers, would've, unmuted, Lauren Obanion, Obanion Organizations: Freedom Town, Service, Entertainment Software, YouGov, Freedom, New, DC Metro Locations: USA, Freedom Town, New York City, Ohio

☆ NFL trade deadline predictions: Will Bryce Young, Mike Williams and others stay put or move on?
▼ + stars: | 2024-10-30 | by ( Mike Jones | ) www.nytimes.com time to read: +7 min

The lead-up to the Nov. 5 NFL trade deadline has already featured a good deal of action, as wide receivers Davante Adams, Amari Cooper, DeAndre Hopkins and Diontae Johnson all changed addresses within the last two weeks. Monday, the Kansas City Chiefs added pass rusher Josh Uche via trade with the New England Patriots to further bolster their defense. GO DEEPER What every NFL team should do at the trade deadline: Buy, sell or stand pat? The Panthers, however, don’t seem ready to admit just yet that they erred so greatly in their Young selection. (Top illustration: Dan Goldfarb / The Athletic; photos of Bryce Young, Travis Etienne and Mike Williams: Brooke Sutton / Getty Images, Gary McCullough and Adam Hunger / Associated Press)

Persons: Davante Adams, Amari Cooper, DeAndre Hopkins, Diontae Johnson, Josh Uche, Maxx Crosby, Myles Garrett, Andy Dalton, Young, Jadeveon, Bob Donnan, Aidan Hutchinson, Clowney, Davis, Za’Darius Smith, Ken Blaze, Garrett, — Smith —, Smith, Smith hasn’t, Jeff Hafley, Etienne, Adams, Williams, Dan Goldfarb, Bryce Young, Travis Etienne, Mike Williams, Brooke Sutton, Gary McCullough, Adam Hunger Organizations: Kansas City Chiefs, New England Patriots, Las Vegas Raiders, Cleveland Browns, NFL, Panthers, Denver Broncos, The Panthers, Carolina Panthers LB, NFC, Detroit, Atlanta, Baltimore Ravens, Carolina, Chicago, Bears, Browns, Packers, Green Bay, Scoop, Williams, Getty, Associated Press Locations: Carolina, Detroit, Atlanta, Arizona, Clowney, Minnesota, New York

☆ The business leaders that Kamala Harris could recruit for her Cabinet
▼ + stars: | 2024-10-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Kamala Harris has many powerful business ties to assemble a potential Cabinet. Mark Cuban and her brother-in-law, Uber's Tony West, may be out of contention. AdvertisementBillionaire business leaders and Silicon Valley elites are throwing their support behind Donald Trump and Kamala Harris in ways both loud and quiet. Additionally, Harris' brother-in-law, the Uber executive Tony West, is currently on leave to assist with the campaign, but plans to return to work after the election. AdvertisementSo what business leaders could Harris ultimately tap if she prevails in November?

Persons: Kamala Harris, Mark Cuban, Uber's Tony West, Harris, —, Donald Trump, Trump, Elon Musk, Uber, Tony West Organizations: Service, Silicon, Wall, SEC, ABC

☆ Polymarket's pro-Trump election predictions aren't so surprising when you look at the rest of the site
▼ + stars: | 2024-10-30 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Wagers in its pop culture section show the bro-y vibe of the site: Zyn, Andrew Tate, and Hawk Tuah. Let's look at some of the wagers:Will Trump say "skibidi" before the election? Will Donald Trump say "mog" in 2024? AdvertisementFor the record, I think the odds that Trump will say "skibidi" before the election are way too low.

Persons: Trump, Andrew Tate, Hawk, —, Will Trump, Will Kamala Harris, Joe Rogan's, Will Donald Trump, Roaring Kitty, Logan Paul, Max Read, Joe Rogan, Gen Z'ers, MAGA, Theo Von, Adin Ross, Taylor Swift, Travis Kelce, Shayne Coplan, There's, Polymarket, haven't, I'm, who's, John Herrman, McDonald's Organizations: Service, Trump, New, New York Magazine, Harris, Dodgers, Yankees Locations: MrBeast

☆ 23andMe appoints new board members as it works to stem the company's slide
▼ + stars: | 2024-10-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

23andMe said it appointed three new independent directors to its board on Monday. Advertisement23andMe has appointed three new independent directors to its board following the mass resignation of all seven of its previous members last month. The seven previous board members resigned in September in a letter addressed to Wojcicki, citing the company's direction. Wojcicki shared a proposal to take 23andMe private in a July SEC filing, which was reviewed by a special committee formed by the board of directors. The special committee responded less than a week later, writing they were "disappointed" in the proposal.

Persons: 23andMe, —, Andre Fernandez, Mark Jensen, Jim Frankola, Fernandez, Jensen, Frankola, Anne Wojcicki, Kimberly White, Wojcicki Organizations: Service, SEC, Deloitte, 23andMe Board, Company, Business Locations: American

☆ GM CEO Mary Barra says there's so much EV competition in China that it's driving a price war that isn't sustainable
▼ + stars: | 2024-10-30 | by ( Lloyd Lee | Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

General Motors CEO Mary Barra said on Tuesday that EV manufacturers face steep competition in China. It's not sustainable for EV manufacturers like GM, Barra said. AdvertisementGeneral Motors CEO Mary Barra said there are so many companies trying to sell EVs in China right now that it's driving a price war that isn't sustainable. "You have to look at what the sustainable business is because the situation that is there right now is not sustainable," Barra said. In China specifically, GM sold 14% more vehicles in the third quarter than in the second.

Persons: Mary Barra, Barra, —, she's Organizations: EV, GM, Service, General, TechCrunch, European, BI, China EV, Benz Locations: China, San Francisco

☆ I tried Popeyes' and Subway's new ghost-pepper sandwiches. They were inventive, but not spicy enough to give me a real scare.
▼ + stars: | 2024-10-30 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +3 min

Popeyes and Subway recently launched their own takes on a ghost-pepper sandwich. I tried both and thought they were milder than other spicy sandwiches I've had. For the last two years, Burger King has sold a ghost-pepper Whopper and ghost-pepper chicken fries in time for Halloween. Starting in May 2023, Wendy's added its own ghost-pepper items to menus, including fries, chicken nuggets, and chicken sandwiches. Here's what I discovered when I tried the ghost-pepper sandwich from Popeyes and Subway.

Persons: Z's, —, Bhut, Burger, Wendy's, Zers, I've Organizations: Subway, Service, YouTube Locations: Imphal, Northeast India

☆ Big Fidelity funds own more than $100 million in OpenAI stock, filings show
▼ + stars: | 2024-10-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Several big Fidelity funds valued their OpenAI stock in new filings on Wednesday. AdvertisementSeveral big Fidelity funds have stakes in OpenAI that the mutual fund giant valued at more than $100 million in total, according to filings on Wednesday. According to the Contrafund's monthly report, which was published on October 30 and includes financial information for the month of September, Fidelity valued those OpenAI shares at $74,801,903. The Blue Chip Growth fund's filing valued that stake at $29,421,124; the Growth Discovery Fund valued that stake at $3,433,000; the Capital Appreciation Fund valued that stake at $3,900,800; and the Stock Selector All Cap Fund valued that stake at $580,570. It was not immediately clear how many OpenAI shares Fidelity owns in total.

Persons: Fidelity, —, Sam Bankman, OpenAI Organizations: Fidelity, Service, Growth, Discovery Fund, Fund Locations: OpenAI

☆ Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Experts told BI that all three companies face slumping EV sales and brutal competition in China. BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. German carmakers are losing out to Chinese EV makers such as BYD. She added that Mercedes, BMW, and Volkswagen offer comparatively few hybrid and extended-range vehicles — categories that have proven extremely popular in China. Slow sales in EuropeAt the same time, Germany's automakers are also dealing with a slowdown in EV sales in Europe.

Persons: —, Arno Antlitz, Mercedes, Hendrik Schmidt, Daniel Pier, Getty Images Helena Wisbert, Wisbert, Matthias Schmidt, Tesla, JENS SCHLUETER, that's Organizations: BMW, Mercedes, Benz, Service, Volkswagen, Wednesday VW, VW, dpa, China Passenger Car Association, Getty Images, Ostfalia University, Getty, European Union, Volkswagen Group, UBS Locations: Germany, China, Europe, North America, South America, China —, AFP

☆ RFK Jr. to remain on the ballot in 2 swing states despite attempts to get himself removed, Supreme Court rules
▼ + stars: | 2024-10-30 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

The Supreme Court on Tuesday denied his two last-ditch requests in Michigan and Wisconsin. AdvertisementIt's official: Robert F. Kennedy Jr. will remain on the ballot in Wisconsin and Michigan. The Supreme Court on Tuesday denied two last-minute requests from Kennedy's lawyers filed this month in an effort to remove his name from the ballot in the crucial swing states. AdvertisementThe Supreme Court Justices did not issue any explanation for their ruling, as is typical for emergency decisions such as this. Representatives for Kennedy Jr. and the Supreme Court did not immediately respond to requests for comment from Business Insider.

Persons: Trump, —, Robert F, Kennedy Jr, Donald Trump's, Kennedy, Neil Gorsuch Organizations: RFK Jr, Service, Business, Trump, Madison, Garden Locations: Michigan, Wisconsin, Arizona , Nevada , North Carolina, Pennsylvania, Florida , Ohio, Texas

☆ I split my year between Ireland and the US. From shopping to driving, the everyday differences in my life are striking.
▼ + stars: | 2024-10-30 | by ( Julia Skinner | ) www.businessinsider.com time to read: +1 min

I split my year between the US and Ireland, living in Atlanta and Cork, respectively. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI live part of the year in Atlanta, Georgia, and the rest in Cork, Ireland. Plus, my husband lives in Ireland, and it doesn't hurt that the country has one of the most coveted passports in the world.

Persons: — Organizations: US, Service Locations: Ireland, Atlanta, Cork, Europe, Atlanta , Georgia

☆ A TikTok creator doubled her income with a 50-part post about her husband. She keeps her day job for stability.
▼ + stars: | 2024-10-30 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Tareasa M. Johnson, known as "Reesa Teesa," went viral with the TikTok series, "Who TF Did I Marry." Johnson told BI she makes more than double her salary from content creation, but kept her old job. Related VideoThe series and her ongoing content creation now account for "about 70%" of her income, Johnson told Business Insider. AdvertisementNatasha Rothwell is developing a TV series based on Johnson's TikTok series for ABC. AdvertisementJohnson said she would only leave her job for another full-time, stable position — never content creation, which can be volatile and time-consuming.

Persons: Tareasa, Johnson, —, wasn't, she's, She's, that's, Natasha Rothwell, John Nacion, she'll, I'm Organizations: CAA, ABC, Service, Business, Conference, Getty Locations: Marietta , Georgia, Marietta

☆ I've taken the Amtrak Auto Train, where you take your car with you, over a dozen times. It's great for overpackers who want to reduce driving time.
▼ + stars: | 2024-10-30 | by ( Bobbi Dempsey | ) www.businessinsider.com time to read: +4 min

I enjoy the Auto Train — it's a great way to save about 900 miles of driving on busy highways. So it's not surprising that I'm a big fan of the Auto Train, an Amtrak route unlike any other. Related VideoI've taken the Auto Train many times over the years — often accompanied by several children — and I've really enjoyed it. The Auto Train is great for families and heavy packers who want to avoid driving too much on their tripThe Amtrak Auto Train is quite comfortable. By contrast, when you travel by Auto Train, you can bring as much stuff as you can squeeze into your vehicle.

Persons: —, it's, I've, Bobbi Dempsey, you've Organizations: Amtrak, Service, Passengers, packers, Auto Train Locations: Virginia, Florida, Lorton, Washington, Sanford , Florida, Orlando, Canada

☆ I travel with my mom every year. We've been around the world, but one activity is the glue to our trips.
▼ + stars: | 2024-10-30 | by ( Anna Staropoli | ) www.businessinsider.com time to read: +1 min

Every year, my mom and I plan a trip anchored by a different food festival. Food festivals reduce the pressure of planning and allow us to immerse ourselves in new places. We've traveled across the country and to various continents, but there's one activity that serves as the glue to our trips — food festivals. By attending food festivals around the world, we're able to experience the local culture in a unique way. As an added bonus, festivals also make our trips easier to plan and always turn into an unforgettable experience.

Persons: —, We've Organizations: Service

☆ Brian Williams' executive producer dishes on Amazon's leap into live news
▼ + stars: | 2024-10-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Amazon is testing news with a Brian Williams election-night special on Prime Video. AdvertisementAmazon is getting closer to jumping into news coverage with an election-night special hosted by Brian Williams. "Election Night Live with Brian Williams" will air on Prime Video at 5 p.m. "Election Night Live" is a gamble for Amazon, which has no history in news. A one-off news program is in keeping with its strategy of getting into live event programming like sports and live shopping, though.

Persons: Brian Williams, James Carville, Shepard Smith, —, Baratunde Thurston, Williams, Jonathan Wald, Wald, Comcore, Jeff Bezos, Puck, Axios, They're Organizations: Service, Fox News, Business, Amazon, Washington Post, NBC, MSNBC, Politico Locations: —, Iraq

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