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In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .
Persons: , You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London
But Google's AI rollouts have been anything but groundbreaking. Its new AI search feature, AI Overviews, promised to deliver neat, AI-generated summaries with Google search results. That's when its focus shifted to preserving its monopoly over search, Buchheit said. AdvertisementThat's not just Buchheit's analysis; it's something Page and Brin noted in their seminal 1998 paper introducing Google. With Google, however, their goal was to "provide high-quality search results over a rapidly growing World Wide Web."
Persons: , Google's cofounders, Larry Page, Sergey Brin, Paul Buchheit, Bard, Buchheit, Sundar Pichai, there's, That's, Brin Organizations: Service, Gmail, Business, Google
Brisbane, Australia CNN —A helicopter crashed onto the roof of a seaside hotel in Cairns, Australia, in the early hours of Monday, killing the pilot, authorities said, as video showed flames and smoke billowing into the night sky. Police tape around an area in Cairns, Australia, after a helicopter crash on August 12, 2024. As she pulled out her phone to film it, the helicopter veered and headed straight towards the nearby well-lit buildings. Witness Veronica Knight heard two explosions when the helicopter hit the hotel – the first on impact followed by a smaller explosion a short time later. Knight said the helicopter had passed over trees and another taller building before hitting the roof of the seven-story hotel.
Persons: Australia CNN —, Veronica Knight, Knight, , , , Hilton Cairns Organizations: Australia CNN, Hilton Hotel, Police, Nautilus Aviation, CNN, . Police, DoubleTree, Australian Transport Safety Bureau Locations: Brisbane, Australia, Cairns , Australia, Cairns Esplanade, Queensland, Cairns, Sydney
While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.
Persons: , Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico
At Paris 2024, Taiwan’s red and blue flag is banned, as is the name “Taiwan” and its anthem. Security staff confiscated a "Taiwan" towel from a fan during the men's doubles badminton semi-final last week. Taiwan is a self-governing democracy that competes as “Chinese Taipei,” an attempt to participate in the Olympics without angering mainland China. That included the women’s team table tennis quarterfinal between Chinese Taipei and China that NBC News attended Wednesday. “Taiwan Independence, go to die.”“Motherland will retake Taiwan tomorrow, okay?” said another, referring to China.
Persons: Taiwan’s Lee Yang, Wang Chi, Liang Weikeng, Wang Chang, “ Let’s, Arun Sankar, Taiwan ”, Taiwan’s Chou Tien Chen, India’s Lakshya Sen, , Ann Wang, , Xi Jinping, Aytac Unal, Mark Adams, Mao Zedong’s, China’s Wang Manyu, Chien Tung, chuan, Wang Zhao, Chiang, Yu Tsing Lin, Chen Szu, Lee Yang Organizations: PARIS, Security, Getty, Taiwanese Ministry of Foreign Affairs, Olympics, Chinese Foreign Ministry, Games, Olympic, Chinese Communist Party, International Olympic Committee, NBC News, IOC, Anadolu, Nationalist, Mao Zedong’s Communists, Taiwan, Paris Games, Taipei women’s, Weibo, Taipei House Locations: Taiwan, Beijing, Russia, Belarus, Ukraine, Tokyo, Paris, China, Taipei, U.S, Republic of China, Formosa, AFP, London, Taiwan Independence
AdvertisementIntroducing the Instagram 'Mythical Reel Pull'A few other comments describe the man's post as a "Mythical Pull." AdvertisementThe comments on one Instagram post identify it as a "Mythical Reel Pull." 'Mythical Reel Pulls' aren't always positive for the postersI know that some of the people posting the Mythical Reel Pulls are not having a positive experience. For some reason, which I have yet to come up with a suitable explanation for, Instagram comments are far, far meaner than TikTok comments.) Moskowitz recently wrote about how the WTF-ness of Mythical Reel Pulls is a kind of zen koan.
Persons: Algorithm's, Instagram, Adam Mosseri, it's, Meta, couldn't, It's, blankly, P.E, Moskowitz Organizations: Service, Business Locations: Wyoming
"I was just your average adolescent, angry punk rock vegan kid who hated the system, and thought: 'Oh, my God, this guy's the football coach. Screw him' — because nothing says 'the system' like the football coach." Walz coached Becker at Mankato West football team in the late 1990s. A football turnaroundIn the late 1990s, Mankato West football struggled. "I didn't necessarily see this coming," said Greenwald, who is an assistant football coach himself.
Persons: , Seth Meyer, Tim Walz, Meyer, Walz —, that's, Walz, Homer —, Mankato West High School Seth Meyer Walz, Kamala Harris, Donald Trump, JD Vance, blunting, Bob Becker, Becker, Seth Greenwald, David Schoettler, Rick Sutton, we're, Sutton, Tim, " Walz, Schoettler, Greenwald, he's, q70HV0H8F1 Organizations: Service, Mankato West High School, Democratic, Business, Titans, Minnesota State, Mankato West, Mankato Locations: Midwestern, San Francisco, Mankato West, @RickSutton7
This story is available exclusively to Business Insider subscribers. Since then, he's worked for two weeks in Germany before coming home for the rest of the month, and he's mostly free to do what he wants during that time. "Some workers leave very early and work very late and still don't see their kids," Bobby said. He runs at 110% when he's working, and then when he's home, he's just so relaxed. Do you have an interesting story about the practicalities of your relationship to share with Business Insider?
Persons: , Kalvinder Osahan, Bharminder —, Bobby —, Bobby, Ria, Guraj, he's, I've, We'll, we're Organizations: Service, Business Locations: England, Germany, London, Bremen
Read previewI've always been a commitment phobe and was never interested in getting married. Getting pregnant changed how I felt about commitmentBy that point, Sam and I had been together for eight years. Courtesy of Melissa NobleWe've now been married almost 10 yearsAt the very end, it said, "You're the girl of my dreams. AdvertisementGetting pregnant changed my headspace about marriage and helped me think of the future differently. The formality of being married did make a difference, and almost 10 years on, we're still going strong.
Persons: , Sam, I'd, didn't, I've, Let's, Sam's, Port Phillip Bay, satchel, He'd, Melissa Noble's, Melissa Noble We've, we're Organizations: Service, Business Locations: Black Rock, Melbourne, Port Phillip, Gold
The NFL’s Arizona Cardinals unveiled a cotton candy burrito at the State Farm Stadium in Glendale, Arizona, for the 2024 season. Think of it like a normal burrito, but instead of a tortilla, someone is wrapping sugary insides in sheets of cotton candy. Companies will often promote unique or wacky food items to bring attention to the brand ahead of important events or seasons. Stadium concessions at NFL games are known to have had strange food items in the past, from dessert nachos to 7-pound burgers. The cotton candy burrito, along with other new menu additions such as a jalapeno cheddar dog-a-dilla, will only be available at the club level at the 64,000-seat stadium.
Persons: Mark Dalton Organizations: New, New York CNN, NFL’s Arizona Cardinals, M’s minis, NFL, Cardinals, State, Twitter, Companies, Culinary Locations: New York, Arizona, Glendale , Arizona
After 2 seasons under the radar, 'Industry' is poised for its breakout seasonHarper (Myha'la) has a new role in season three of "Industry." With the "Summer of the Finance Bro" in full swing, could this be the season "Industry" finally cuts through the noise? AdvertisementWorking in finance didn't prepare the 'Industry' cocreators for running a TV setMickey Down and Konrad Kay on the set of "Industry" season three. But they were delighted to hear from some cast and crew members who told them how much they enjoyed working on season three. "I really credit finance with pushing me towards it, because it's the polar opposite of finance in some respects," Down says.
Persons: , Mickey Down, I'm, Harper, Simon Ridgway, Konrad Kay, thrums, Bro, Kay, didn't, Jami O'Brien, They're, Yasmin, Marisa Abela, inflicts, Indy Lewis, Kenny, Conor MacNeill, Henry Muck, Kit Harington, intertwines, HBO Rich, you'd, who's, Jamie O'Brien Organizations: Service, Business, HBO, Rotten, Venetia Locations: London
The 79-year-old man sat silently in the back of the courtroom on Long Island, 20 miles from his home in Queens. Here the man, Robin Davis, settled in for what promised to be a strange trial in this mostly empty room. His lawsuit centered on the actions of a person long dead. His adversaries were Long Island bureaucrats who had never heard of that person or his reported misdeeds. Mr. Davis had long been widely known for his philanthropy on behalf of one cause: fighting child abuse.
Persons: Merrill Lynch, Robin Davis, Long, Davis, Eisenhower Organizations: Bank of America Locations: Queens, New York City
Read previewDirector M. Night Shyamalan's new thriller, "Trap," is filled with twists and turns, but its premise is grounded in a real-life sting operation that took place in the '80s. Here's how the sting operation partly inspired Shyamalan's film. Related storiesAccording to The Washington Post, Operation Sting led to 144 arrests. Shyamalan said that the sting operation was 'hilarious' and the absurdity of the fakeout stuck with himHartnett as Cooper and Donoghue as Riley in "Trap." "Trap" isn't a comedy by any means, but the dark humor of Operation Flagship informed the movie.
Persons: , Josh Hartnett, Cooper, Riley, Ariel Donoghue, Lady Raven, Shyamalan's, Saleka, Bernie Boston, Sting, Shyamalan, Hartnett, Donoghue, Sabrina Lantos, Lambs, Taylor, Dexerto Organizations: Service, Business, Flagship, DC, US, Washington Redskins, International Sports Television, Fugitive, Redskins, Cincinnati Bengals, Washington Convention Center, Special Operations, The Washington, Warner Bros, Empire, FBI Locations: Washington
Read previewEveryone is likely to face challenges early on in their career, but Gen Zers feel they're discriminated against — largely because of their age. Gen Zers are seen as the cohort most likely to write their résumés and cover letters with the help of ChatGPT and other AI services. A Gen Z creator was the first to coin the term " lazy-girl job." The workforce's expectations are shifting; it's not just the impact of "Gen Z particulars," she added. "I applied to hundreds of roles before landing a job at Applied, which eventually led to my becoming CEO," she said.
Persons: , Gen, Khyati Sundaram, Sundaram, Gen Zers, they've, Gen Z, it's, Zers, There's Organizations: Service, Business, Times
Lucas Altman remembers it well: On an early October night in 2014, he had taken his two Labradors to Central Park when suddenly they became alert, their tails wagging with the thrill of the hunt as they towed him to a patch of shrubbery. “It was dark, I was getting impatient and I didn’t bother to look,” he said. A day later, he returned to find out that another resident had made a shocking discovery under the bushes: a dead bear cub, oddly placed under an old bike. “It was so strange,” Mr. Altman, 52, remembered in an interview Monday. “I always thought it had to take somebody kooky to do that.”This weekend, a most unexpected culprit stepped forward to admit the bear dumping: Robert F. Kennedy Jr.
Persons: Lucas Altman, , Mr, Altman, , Robert F, Kennedy Jr Locations: Central
Darja Stefancic, a painter in Slovenia known for technicolor landscapes, thought it strange when an obscure online art gallery run by a woman from Argentina contacted her out of the blue and asked her to join its thin roster of artists. The painter suspected a scam, and she worried that the gallery, which virtually nobody in Slovenia’s tiny, tight-knit art scene had heard of, “just wanted to cheat people.”It did — but in ways that far surpassed even her darkest suspicions. The online gallery was a front for Russian intelligence, part of an elaborate network of deep-cover sleeper spies trained to impersonate Argentines, Brazilians and other foreign nationals by Russia’s foreign intelligence agency, the SVR, around Europe. They were real-life versions of the fictional stars of “The Americans,” a television series inspired by the 2010 arrest of a ring of actual Russian sleeper agents in the United States.
Persons: Darja, Locations: Slovenia, Argentina, Europe, United States
Upon winning match point, he roared with delight, dropped to his knees, then tearfully embraced his family and coaching team. Alcaraz plays a backhand in the men's singles gold medal match. Back-to-back errors handed Djokovic three set points before another cute forehand volley completed the marathon first set in an hour and 33 minutes. It’s just incredible joy.”Djokovic had long targeted winning a gold medal at the Olympics. Amber Searls/USA Today Sports/ReutersAt 21, Alcaraz had been aiming to become the youngest man to win an Olympic singles gold medal.
Persons: Roland Garros, Paris CNN —, Novak Djokovic, Djokovic outdueled Spain’s Carlos Alcaraz, Djokovic, Rafael Nadal, Andre Agassi, Steffi Graf, Serena Williams, , ” Djokovic, Clive Brunskill, Alcaraz, Matthew Stockman, , mettle, Djokovic didn’t, It’s, Amber Searls, “ I’m, ” Alcaraz, Novak Organizations: Paris CNN, Alcaraz, Wimbledon, Paris Olympics, USA, Sports, Reuters Locations: Paris, Beijing, Serbia
CNN —Scottie Scheffler produced a remarkable final round to clinch gold in the men’s golf competition at the Paris Olympics on Sunday. Scheffler finished his final round level with Tommy Fleetwood, but a bogey on the 17th hole for the British golfer dropped him down to 17-under. Fleetwood then carded a par on the final hole, allowing Scheffler to clinch the victory and giving the Brit the silver. Heading into Sunday’s final round, Scheffler was on the peripheries of the contenders for the Olympic title but definitely not among the favorites. TV cameras showed the American being told he’d won gold, sharing an embrace with his caddie Ted Scott as their remarkable season continued.
Persons: Scottie Scheffler, Scheffler, Tommy Fleetwood, Fleetwood, It’s, Kevin C, Cox, Hideki Matsuyama, Jon Rahm, he’d, Ted Scott, Justin Ray Organizations: CNN, Paris Olympics, Sunday, Le, Brit, PGA, Augusta, Getty, Fleetwood, Games, Yahoo Sports Locations: Sunday’s, British, Kentucky, Japan, American
Paris CNN —The last few years of therapy and mental health work have turned Simone Biles into one of the most unstoppable forces in Paris during these Summer Olympics. “After all these years of putting in the mental work in, it’s paid off. Andrade’s second vault scored high for execution – 9.433 – but her difficulty marks dragged her down. The work on her mental health has not stopped as Biles runs rampant through Paris. “They hurt, but I’m still in therapy working on all that stuff to just make sure my mental health is well.
Persons: Paris CNN —, Simone Biles, Biles, Rebeca Andrade –, Jade Carey, , it’s, ” Biles, , , Andrade, Cheng, ’ Cheng, It’s, she’s, I’m Organizations: Paris CNN, Texas –, Olympic, Games, Tokyo Locations: Paris, Texas, Tokyo, Biles, Rio de Janeiro, City
Opinion | Is It Weird to Care About the Birthrate?
  + stars: | 2024-08-02 | by ( Ross Douthat | ) www.nytimes.com   time to read: +1 min
Even when the cats are left out of it, alas, the problem of weirdness is a chronic one for pro-natalists. This is not to concede that it is actually weird to care about the birthrate: Children are good, human beings are good, a prosperous future for the human race is good, and it’s absurd not to care about looming depopulation and all the social and economic problems that come trailing in its wake. Future generations (to the extent that they exist!) will find it much, much stranger that so many people barely noticed this issue or dismissed it than that a Republican vice-presidential candidate once floated giving children political representation through their parents. But if you are a pro-natalist, you still have to understand the reasons an aura of weirdness hangs over the idea.
Persons: Vance, Organizations: Democratic, Trump, Republican Locations: United States
Edward Berthelot/Getty ImagesFishnet flats are everywhereThe phrase "fishnet flats" might bring to mind an image from the early 2000s: backless, mesh flats with floral embellishments that you could find at the dollar store. Related storiesReformation's website offers $268 mesh flats, The Row sells $890 jelly versions, and Bottega Veneta designed $1,250 fishnet shoes lined with leather. AdvertisementThe Row, for example, has sold out of fishnet flats on its website and across multiple luxury shopping platforms like Fwrd. Brands like Alaïa have heavily marketed fishnet shoes in recent weeks, and searching "fishnet flats" and "mesh flats" on TikTok results in dozens of videos — ranging from reviews to styling tips — with thousands of views each. On websites like Reddit, some fashion fans have argued that fishnet flats, in particular, are unappealing and unhygienic.
Persons: , Edward Berthelot, Alaïa, Sofia Richie, Anne Hathaway, Jennifer Lawrence, Divita, Roni Brunn, Brunn, Mara, Loewe, Jeremy Moeller, whatever's Organizations: Service, Business, Alaïa's, Bottega, Brands Locations: Alaïa, Bottega Veneta
AdvertisementIt tracks: The closer you live to a casino, the likelier you are to develop a gambling problem. About 1% of US adults have a severe gambling problem, according to the National Council on Problem Gambling, and 2% to 3% have a mild or moderate problem. Advertisement"By the time everyone gets all excited, we're talking about really large credit-card debt, really large debts to friends and family. A lot of online debt," said Timothy Fong, a clinical professor of psychiatry at UCLA and a codirector of its gambling-studies program. In the sports world, we've recently seen some high-profile examples of young men getting into hot water from sports betting.
Persons: that's, Brett Hollenbeck, Hollenbeck, It's, Michelle Malkin, You've, Timothy Fong, Fong, Young, we've, Shohei, Ippei Mizuhara, Jontay Porter, Malkin, doesn't, it's, Emily Stewart Organizations: University of California, University of Southern, UCLA's Anderson School of Management, National Council, East, East Carolina University's, Policy Initiative, UCLA, MLB, NBA, Sports, Business Locations: Los Angeles, University of Southern California, East Carolina, America, New Jersey
CNN —Jamie Lee Curtis is walking back criticism she aimed at the Marvel Cinematic Universe (MCU) during a recent panel at San Diego Comic-Con. Without hesitation, Curtis replied, “Bad,” to the audible and shocked guffaws of others in the room. Curtis’ one-word joke is, in fact, not the first time that she has commented in a less-than-laudatory way about Marvel. She later told People that she “felt like stirring up a little friendly competition,” but added that she would be open to appearing in a Marvel film. What am I going to do, say no?”Marvel itself is actually a fan of self-depricating humor.
Persons: Jamie Lee Curtis, , , Kevin Feige, ” Curtis, Curtis, guffaws, Curtis ’, Instagram, Strange, ” Ryan Reynolds, Hugh Jackman’s Wolverine, you’re Organizations: CNN, Marvel, San Diego Comic, Marvel Studios, MTV
Tolkien and “The Lord of the Rings.”These days, however, Tolkien isn’t just relevant to nerd world. Critical factions of the new right at home and the far right in Europe have latched on to Tolkien’s work. By “new right” I mean the post-Reagan right, a movement that embraces state power as a means of fighting and winning the culture war. But they’re getting Tolkien wrong, and the way in which they are getting Tolkien wrong matters for all of us. Last month, Politico’s Adam Wren wrote an extended analysis of the way that the “Lord of the Rings” trilogy shaped JD Vance.
Persons: Tolkien, Reagan, they’re, Politico’s Adam Wren, Vance, , ” Vance, Peter Thiel, Nancy Organizations: “ Star, Anduril Industries Locations: Europe
When Domonique Brown was little, she and her dad could only buy greeting cards featuring Black people at a single Hallmark store in Upland, California. Across all mediums and materials, her designs primarily feature Black characters and aim to represent the Black experience, she says. Her business, still a side hustle, outearns her 9-to-5 job: She's a full-time graphic designer with a $90,000 annual salary, she says. Brown typically spends two hours per day maintaining customer relations and creating content for DomoINK and, when inspiration strikes, creating new work, she says. At every stop, art has offered her a reprieve from schoolwork, unfulfilling jobs or people who told her to make more "white art," Brown says.
Persons: they've, Domonique Brown, Brown, she's, DomoINK, I've Organizations: CNBC, Hallmark, Target, Sharpie, Walmart, Airbnb, Disney Locations: AskMakeIt@cnbc.com, Upland , California, It's, Jurupa Valley , California
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