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☆ Facebook may not let you read this story in Canada
▼ + stars: | 2023-06-02 | by ( Peter Gelling | ) www.businessinsider.com time to read: +2 min

Facebook and Google really don't want to have to pay to use news stories. The tech giants are now planning to block access to news in Canada in response to a potential new law. The Canadian law would force Facebook and Google to pay news organizations to distribute content. Australia passed a similar law in 2021; in response, Facebook shut down access to news on its platform in Australia. "Global tech giants are changing the world, but we can't let them run the world," Australian Prime Minister Scott Morrison told reporters at the time.

Persons: Scott Morrison, that's Organizations: Facebook, Google, Government, Meta, Global Locations: Canada, Australia

☆ I rent out my car on Turo and now it pays for itself. Here's how I got started and stay booked.
▼ + stars: | 2023-05-18 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

Nate Matos is a Turo host based in Miami. He started by renting his own car on the platform, then bought a second vehicle just for renting. I decided to become a Turo host after listening to Earn Your Leisure, a financial education podcast, about two years ago. The podcast brings on a lot of guests to speak about different aspects of business, finance, and entrepreneurship, and I saw an episode with someone who was sharing his experience with Turo car rentals. I did make some mistakes on Turo initiallyFor example, at first, I had both of my cars on Turo.

☆ Death of Ownership: Companies Use Software, Subscriptions to Grab Money From Customers
▼ + stars: | 2023-05-18 | by ( Nathan Proctor | ) www.businessinsider.com time to read: +11 min

As more devices in our lives run on software, manufacturers have started to exert more control over their products even after the customer has taken them home. In some cases, companies force customers to use their repair services, disabling the product if they try to fix it themselves. Companies are just beginning to monetize this control, with dystopian methods and the assistance of America's unbalanced copyright laws. For companies, the appeal of subscriptions is pretty straightforward: a steady stream of revenue and a lot more money raised from their customers over time. In other cases, companies have tried to block consumers from accessing certain features at all unless they pay up first.

☆ OpenAI CEO wows lawmakers at closed dinner: 'Fantastic…forthcoming'
▼ + stars: | 2023-05-16 | by ( Lauren Feiner | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman spoke to an engaged crowd of about 60 lawmakers at a dinner Monday about the advanced artificial technology his company produces and the challenges of regulating it. The wide-ranging discussion that lasted about two hours came ahead of Altman's first time testifying before Congress at a Senate Judiciary subcommittee on privacy and technology hearing on Tuesday. The dinner discussion comes at a peak moment for AI, which has thoroughly captured Congress' fascination. "There isn't any question where he pulls back on anything," she said, adding that lawmakers had very thoughtful things to ask. Khanna said the question of openness of the model is something he's discussed with Altman before, though not at Monday's dinner.

☆ Why First Republic Bank may not be the end of the crisis
▼ + stars: | 2023-05-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —After a six-week spiral, First Republic bank finally collapsed in the wee hours of Monday morning. Everyone on Wall Street appears to be drinking from the same punch bowl as Jamie Dimon, who framed the sale as a bookend to the crisis. To his mind, the sale just makes JPMorgan, already the nation’s largest bank, even bigger, and the power of the biggest Wall Street banks more concentrated. That idea got an extra boost on Monday, when the FDIC itself released a report advocating for an increase in the deposit insurance limit for business payment accounts. “You can think of federal deposit insurance as being a bit like nuclear weapons,” he said.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ The Janes 1960s underground abortion network
▼ + stars: | 2023-04-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +28 min

The group was officially created in 1969 as the “Abortion Counseling Service of Women’s Liberation.”But after running ads in an underground newspaper: “Pregnant? “It wasn’t just abortion,” Barron explained. “Vacuum aspiration was much easier to do, and I think it’s less difficult for the woman,” Scott said. We had to keep the service running.”Laura Kaplan volunteered for the Janes, later immortalizing the group in her book, "The Story of Jane: The Legendary Underground Feminist Abortion Service." Each Jane was charged with 11 counts of abortion and conspiracy to commit abortion, with a possible sentence of up to 110 years in prison.

☆ Mental-health apps have a dark secret — and it raises important questions about the future of online therapy
▼ + stars: | 2023-04-22 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +3 min

In a video posted by Vice, Clarke addressed Clearlink's return-to-office mandate and said that many of his remote workers didn't open their laptops for a month. Online therapy fills a critical need — but it has a dark side. The data Loris used to create its "empathetic" software was generated from text conversations with people in distress, sourced from Loris' parent company, Crisis Text Line, a nonprofit suicide-prevention hotline. That is, however, according to Musk, who told Tucker Carlson that the two tech billionaires disagreed on safety and regulation. The real reason bosses are freaked out by remote work: they think it's for "sissies."

☆ 'I am a little freaked out.' David's Bridal bankruptcy sparks jitters among brides ahead of summer wedding season
▼ + stars: | 2023-04-19 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

New York CNN —Delaney Dickson is now anxious about her upcoming appointments at David’s Bridal after the retailer filed for bankruptcy this week. Her wedding is set for mid-August and she has a second alteration appointment at a David’s Bridal store. The nearest David’s Bridal store, she said, is almost an hour-and-a half drive to Erie, Pennsylvania. Courtesy Tessa Brown“Many of the customer service inquiries are coming from David’s Bridal customers. “David’s Bridal is such a big name to not be around.

☆ Meet the 31-year old VC and self-made millionaire who faced Hong Kong loan sharks and his own fear of death
▼ + stars: | 2023-04-14 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

31-year old Maurice Ng came to the US with nothing after his family fled loan sharks in Hong Kong. It was a simple spreadsheet that inspired Maurice Ng at 29 to quit his job to become a venture capitalist. He deducted a little over 2,000 days for commuting time, and allowed himself 255 "regular sick days" and 10 "serious sick days." Assuming 3 meals a day, 365 days a year, 1 hour per meal, he deducted 5,817 days for eating. Despite the current turmoil in the tech industry and venture capital, Maurice seems to be inoculated against self doubt.

☆ How a pro skateboarder went from making $800 a month to being a financially independent real-estate mogul with a portfolio worth millions
▼ + stars: | 2023-04-12 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

Mikey Taylor started his career as a professional skateboarder making barely enough money to get by. He now runs a real-estate fund and educates investors on how to create a road to financial freedom. "There was a part of skateboarding that really changed the way I looked at the world," Taylor told Insider. "One hundred grand as a professional skateboarder doesn't feel like one hundred grand in a more conventional career because our careers are so short," Taylor told Insider. Setting the groundwork for his life after skateboarding, Taylor started investing in the stock market and bonds at age 20.

☆ Investor Jenny Harrington says this financial stock is a 'safer trade' than Big Tech
▼ + stars: | 2023-03-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investor Jenny Harington said she sees a clearer earnings story in Charles Schwab than big technology names that others have rushed back to this year. Meta shares have gained more than 70% so far this year but, after slumping 64% in 2022, is still more than $100 below where they ended 2021. Meanwhile, Palo Alto shares now trade above where they ended 2021 after climbing almost 38% this year to make up for 2022's 25% decline. "It's really, really, really hard to see where growth is coming," Harrington said. "For me, when you're saying, 'What's the safety trade?,' and I'm saying I don't like the mega-caps because I don't even know what their earnings really should be."

☆ Wall Street Elite Investors Will Profit From Banking Crisis, Stock Market Chaos
▼ + stars: | 2023-03-29 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

Dumb because they were run by bankers who failed to do the business of banking or manage risk. But other investors, the kind of Wall Street sharks who thrive on uncertainty, stand to make a killing. While some of the sharper investors on Wall Street see this mess as an opportunity, chaos cannot suit everyone. Last week the Federal Reserve reiterated its commitment to fighting inflation and continued to hike interest rates. The new rules — higher interest rates — will remain for the foreseeable future.

☆ Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
▼ + stars: | 2023-03-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

In this article BTC.BS=-USSBTC.CB=BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTCryptocurrency industry insiders predict bitcoin could hit a new all-time high in 2023 and possibly reach $100,000. Bitcoin previously hit its all-time high of $68,990.90 in November 2021. related investing news How crypto prices may react to the latest Fed decision Marshall Beard, chief strategy officer at U.S.-headquartered cryptocurrency exchange Gemini, said $100,000 could be a possibility for bitcoin. "I think bitcoin probably breaks all-time highs this year," Beard said, adding that the $100,000 price figure is an "interesting number." Paolo Ardoino, chief technology officer at stablecoin issuer Tether, said bitcoin could "retest" its all-time high near $69,000.

☆ Failure of Silicon Valley Bank Mirrors the Myth of the Wild West
▼ + stars: | 2023-03-19 | by ( Adam Rogers | ) www.businessinsider.com time to read: +10 min

As Silicon Valley Bank went down the tubes, it wasn't surprising that the loudest mouths in Techworld started demanding that the federal government cover everyone's losses. They were pioneers on the frontier of tech and finance, and as such they acted the way pioneers always do. Myths of the frontiersIt's unfashionable for people in the tech industry to dispute the central role that government-funded infrastructure and academic projects have played in the development of Silicon Valley and the digital age. Shout down into Silicon Valley and you'll hear echoes of this same pioneer myth. They see themselves as heroes not of a Western frontier but of space — the Final one — as refracted by the legendary writers of the Golden Age of Science Fiction.

☆ Can Your Money Pass a Stress Test? Lessons From SVB’s Collapse
▼ + stars: | 2023-03-16 | by ( Geoffrey Rogow | ) www.wsj.com time to read: 1 min

Whether the collapse of one of the largest banks in the country leaves you freaked out or unfazed, this is a good moment to take stock. Silicon Valley Bank’s collapse, the second-largest bank failure in American history, shows how quickly a seemingly solid institution can go bust. Anxiety about the industry’s finances has since spread with many regional and European banks now under pressure.

☆ Silicon Valley Bank is a particularly scary failure. Here's why.
▼ + stars: | 2023-03-10 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

JPMorgan has only about 43% of its deposits uninsured via this US government backstop. Look at JPMorgan at the end of last year: Estimated uninsured deposits of $1.38 trillion versus total deposits of $2.34 trillion. "All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. "Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors."

☆ Banks tumble as SVB ignites broader fears about the sector
▼ + stars: | 2023-03-09 | by ( Sinéad Carew | ) www.reuters.com time to read: +2 min

The SPDR S&P regional banking ETF (KRE.P) was down 6.0% after hitting its lowest point since January 2021. "The Silicon Valley raise got everybody nervous about people's capital levels and what deposits are doing. "It just gets people freaked out because Silicon Valley, historically has been a very strong, well-run bank. If they're having issues right now, people are wondering what about other banks that are lesser quality and that don't have the reputation that Silicon Valley Bank has." Investors were also grappling with the decline of cryptocurrency-focused lender Silvergate Capital (SI.N), which said earlier this month it was evaluating its ability to operate as a going concern.

☆ The new Bing is acting all weird and creepy — but the human response is way scarier
▼ + stars: | 2023-02-23 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

It's a profit-making move designed to leverage our very human tendency to see human traits in nonhuman things. Look, I don't think we don't need to treat chatbots with respect because they ask us to. Making chatbots seem as if they're human isn't just incidental. So the real issue involving the current incarnation of chatbots isn't whether we treat them as people — it's how we decide to treat them as property. The robots don't care."

☆ How Putin's Russian goon squad used Mexican gig workers to troll an American election
▼ + stars: | 2023-02-18 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +25 min

Posting to social media sounded like an easy work-from-home gig, so he applied. This post from the Prigozhin-backed Social CMS network in Mexico referred to America as "we." He verified his account by providing chat transcripts, screenshots, contracts, and internal company documents. But just because Social CMS didn't yield an immediate, large-scale impact doesn't mean it should be ignored. "I didn't know who are you," wrote the person who is listed in the corporate directory as Prigozhin's media liaison.

☆ How to announce you've been laid off on social media
▼ + stars: | 2023-02-15 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

Often, the go-to place to alert your professional network has been social media like LinkedIn, Twitter, Instagram, Facebook and others. Just don’t post your fury or bitterness online. So you might tag it #openforwork, a hashtag often used on LinkedIn, Desai suggested. But be careful not to appear desperate.”Be consistent across platforms: Chances are you may announce your layoff on more than one social platform. You don’t want to put out a very professional post on, say, LinkedIn but then launch an angry tweetstorm on Twitter.

It was created by OpenAI, a private company backed by Microsoft Corp (MSFT.O), and made available to the public for free. Its ubiquity has generated fear that generative AI such as ChatGPT could be used to spread disinformation, while educators worry it will be used by students to cheat. A second congressional aide described the discussions as focusing on the speed of changes in AI and how it could be used. In an interview with Time, Mira Murati, OpenAI's chief technology officer, said the company welcomed input, including from regulators and governments. "The whole value proposition of these types of AI systems is that they can generate content at scales and speeds that humans simply can't," he said.

☆ An ex-TikTok employee turned full-time creator shares the exact DM and email she used to score a brand deal when she had 2K followers
▼ + stars: | 2023-02-02 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Ayomi Samaraweera used to be an Ernst & Young consultant before working at TikTok and Jellysmack. Here is the DM and email she used to get her first brand deal with Fishbowl with 2,000 followers. She had used Fishbowl since beginning her career at Ernst & Young. Today, Samaraweera has almost 20,000 TikTok followers, which has allowed her to charge more for sponsored content than she used to. I'm reaching out as I connected with the Fishbowl account on TikTok and they pointed me in your direction re a possible brand partnership.

Jan 31 (Reuters) - Electronic Arts Inc (EA.O) lowered its annual bookings forecast on Tuesday, as the videogame publisher delayed the release of a title based on the "Star Wars" franchise and consumers dialed back spending in a sagging economy. EA on Tuesday pushed out the launch of "Star Wars Jedi: Survivor" by six weeks to April 28, which would fall into its next fiscal year. The game is a sequel to its 2019 "Star Wars Jedi: Fallen Order" title that has drawn over 20 million players. It had forecast $7.65 billion to $7.85 billion previously. "Weak, but not a disaster," Wedbush Securities analyst Michael Pachter said of the results, adding the "Star Wars" title delay led to a "huge shift of earnings" into next year.

☆ AI wrote a bill to regulate AI. Now Rep. Ted Lieu wants Congress to pass it.
▼ + stars: | 2023-01-26 | by ( Kate Santaliz | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Julie-Tsirkin-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +3 min

WASHINGTON — One way to get Congress to support regulating artificial intelligence is by using it to write a resolution calling for just that. Write a comprehensive congressional resolution generally expressing support for Congress to focus on AI.”The resolution doesn’t specify that it was written using artificial intelligence. And as a member of Congress, I am freaked out by A.I., specifically A.I. Lieu isn’t the first member of Congress to bring artificial intelligence to the House chamber. 34-year-old Rep. Jake Auchincloss, D-Mass., delivered a speech Wednesday on the House floor written by Chat GPT.

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