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Open AI CEO Sam Altman said he doesn't see AI replacing human writers. AI's use in writing has grown since ChatGPT's launch, with some authors even using AI to write and illustrate books. AdvertisementWhile multiple jobs are seemingly at risk of one day being replaced by AI, Sam Altman doesn't believe writers are one of them. One freelance writer previously told BI that they lost a job after their client began using AI to replace his services. But Altman remains confident that human writers will maintain an advantage over AI — original idea generation.
Persons: Sam Altman, Altman, , Sam Altman doesn't, podcaster David Perell, Tim Boucher, Claude, ChatGPT, OpenAI Organizations: Service, o1, GPT
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the walls are closing in on New York City Mayor Eric Adams after a federal indictment . New York City Mayor Eric Adams was indicted on five criminal counts in a corruption probe accusing him of bribery and receiving illegal campaign contributions from foreign nationals. In one case, according to the indictment, that meant a Turkish Airlines manager offering to charge Adams $50 for two business-class seats worth $15,000 . AdvertisementMessages obtained by prosecutors also show Adams promising his staffer he "always" deleted texts following a discussion of alleged Turkish bribes.
Persons: , Eric Adams, Eric Adams Seth Wenig, Alyssa Powell, Adams, Damian Williams, Gary Hershorn, He's, Alex Spiro, Elon Musk's, Kathy Hochul, Jumaane Williams, Ali Jarekji, it's, David Tepper, Sam Altman's, Getty, Olivier Verriest, Andrei Akushevich, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Nathan Rennolds, Amanda Yen, Milan Sehmbi Organizations: Business, Service, New York City, New, Democrat, Brooklyn Borough, Southern, of, Turkish Airlines, FDNY, Reuters, Financial Times, YouTube, Snapchat, Publishers, York Film Locations: New, States, New York, Manhattan, of New York, Turkish, Ali, Saudi Arabia, China, London
It took aim at McDonald's in its promotion, accusing its rival of having broken ice cream machines. Wendy's has previously criticized McDonald's for using frozen beef, sparking a public feud. AdvertisementThe Wendy's — McDonald's feud seems to be heating up again. In 2018, Wendy's launched a national TV ad campaign criticizing McDonald's for using frozen beef patties in its hamburgers. "Happy #NationalFrozenFoodDay to you for all the frozen beef that's sticking around in your cheeseburgers."
Persons: Wendy's, , It's, McDonald's Organizations: Service, Business
Francis Ford Coppola's "Megalopolis" opens in theaters Friday after decades in development. The film, set in an imagined New York City, stars Adam Driver, Aubrey Plaza, and Giancarlo Esposito. AdvertisementThe saga of Francis Ford Coppola bringing his epic new movie "Megalopolis" to the big screen is almost as long and winding as the movie itself. Coppola even commissioned a symphony for the movie almost two decades before a single frame of it had been shot. The movie also stars Nathalie Emmanuel, Aubrey Plaza, Shia LaBeouf, Jon Voight, Laurence Fishburne, and Dustin Hoffman.
Persons: Francis Ford Coppola's, Adam Driver, Aubrey Plaza, Giancarlo Esposito, , Francis Ford Coppola, Robert De Niro, Leonardo DiCaprio, Coppola, Cesar Catilina, Nathalie Emmanuel, Jon Voight, Laurence Fishburne, Dustin Hoffman Organizations: Service, Cannes Film, Lionsgate, Rotten Locations: New York City
Mark Cuban says Trump has turned the Republican Party into his own "family business." AdvertisementMark Cuban said former President Donald Trump has made the Republican Party his "family business." The former president has five children — Donald Trump Jr., Ivanka Trump, Eric Trump, Tiffany Trump, and Barron Trump. Lara Trump is a former TV news producer and has been a fixture in her father-in-law's political career. Cuban and representatives of Trump didn't immediately respond to a request for comment from Business Insider, sent outside business hours.
Persons: Mark Cuban, Trump, Kamala Harris, , Donald Trump, CNBC's, Cuban, David Tepper, Gary Gensler, Tepper, Gensler, we've, — Donald Trump Jr, Ivanka Trump, Eric Trump, Tiffany Trump, Barron Trump, Jared Kushner, Lara Trump —, Eric —, Lara Trump, Lara, MAGA, Donald Trump Jr, who's, Barron, Ross, Westcott, John Deere, Brian Tyler Cohen, Joe Biden, Harris Organizations: Republican Party, CNBC, Cuban, Service, GOP, SEC, Republican National, RNC, Trump, Team Publishing, Gen, Trump . Cuban, Democratic, Axios, Business Locations: Cuban, Mexico, American, Silicon
The job market is about to see a big shift that could bring faster Fed rate cuts, David Rosenberg said. That will emphasize the need for faster Fed rate cuts, he said in a note to clients. The ratio of the vacancy rate to the unemployment rate has tumbled in recent months. It's the unemployment rate that's moving up (+0.5 percentage points this year alone), while the vacancy rate has stabilized." "As the labor market eases, we'll see more modest changes in the vacancy rate and larger changes in the unemployment rate.
Persons: David Rosenberg, , Rosenberg, we've, Powell Organizations: Service, Rosenberg Research, Bureau of Labor Statistics, Fed, Atlanta
Nvidia could rocket another 545% by the end of the decade, Phil Panaro predicted. AdvertisementNvidia is headed for a meteoric run-up by the end of the decade, according to one former consulting exec. "Not to sound overconfident — it's actually inevitable provided that they can continue to make these chips," he later added of the firm's upside potential. Some strategists have been skeptical over Nvidia's rally, with the stock up a monster 2,733% over the last five years. "That's actually the best case for why it's actually going to go up.
Persons: Phil Panaro, Blackwell, , Phil Panaro —, Jensen Huang, Panaro, Goldman Sachs, Morgan Stanley, — it's, That's, it's, haven't Organizations: Nvidia, Service, Boston Consulting Group, Goldman, Citigroup, Schwab Network, Blackwell, Big Tech, Fortune, Analysts, Nasdaq Locations: Web2
But some tech analysts contend people are most interested in truly wearable tech, like Orion. Quest is limiting because of its bulk — and Orion AR glasses are an improvement, the analysts said. Some said they're persuaded that augmented-reality wearable glasses like Orion have more potential than mixed-reality headsets, like the bulky Quest. Meta's Quest, pictured in May, doesn't have as much potential as its new Orion glasses, some analysts say. AdvertisementHe said that's why he likes Zuckerberg's vision of more easily wearable tech, like Orion.
Persons: , Mark Zuckerberg, they're, Zuckerberg, Gene Munster, Munster, doesn't, It'll, Justin Post, Meta hasn't, Ben Thompson, Andrew Bosworth, Orion Organizations: Meta, Service, Orion, Quest, Deepwater Asset Management, Munster, Orion . Bank of America Locations: Orion .
The combination of Dish and DirecTV has been rumored for years and nearly happened in 2002 until it collapsed under regulatory pressure. The prospect of a future EchoStar bankruptcy and deal approval from creditors make the completion of a deal complicated. EchoStar has a total enterprise value of about $31 billion and a market capitalization of about $7.6 billion. Dish ended its last quarter with 6.1 million satellite subscribers and 2 million customers for Sling TV, Dish's over-the-internet package of linear networks. DirecTV has also felt the pain, losing millions of subscribers since AT&T bought the company in 2015 for $67 billion with debt.
Persons: Charlie Ergen, EchoStar, MoffettNathanson's Craig Moffett, — CNBC's Lillian Rizzo Organizations: Dish Network, DirecTV, TPG, AT, Dish, Satellite, Netflix, Disney, Amazon Prime, Sling, T, CNBC, ESPN
Smith was well known for roles in the television series "Downton Abbey" and the "Harry Potter" films. Smith later became well known for her role as Professor Minerva McGonagall in the "Harry Potter" films, a role she said helped her bond with her grandchildren. Related storiesBut her most prolific TV role was as Violet Crawley on "Downton Abbey," which earned her three Emmy awards. The series ran for six seasons, and Smith returned for two subsequent "Downton Abbey" films, which were released in 2019 and 2022. She was later diagnosed with breast cancer in 2007 and went through chemotherapy while filming "Harry Potter and the Half-Blood Prince."
Persons: Dame Maggie Smith, Tony, Oscar, Smith, Downton, Harry Potter, , Maggie Smith, Toby Stephens, Chris Larkin, Miss Jean Brodie, Minerva McGonagall, Delahunty, Violet Crawley, dames Judi Dench, Eileen Atkins, Joan Plowright, Sir Christopher Hampton's, Brunhilde Pomsel, Propaganda Joseph Goebbels, Graves, Prince, Sir Robert Stephens, Stephens, Alan Beverley Cross, Anjelica Oswald Organizations: Service, Business, Oxford Playhouse, Broadway, British Academy of Film, Television Arts, HBO, dames, Nazi Locations: British, Umbria, Nazi Germany
A major Trump Media shareholder has sold nearly all of its company shares, an SEC filing showed. It's the first known sale of Trump Media shares following a September 19 lock-up expiry. AdvertisementTrump Media shareholder United Atlantic Ventures has sold nearly all of its stake in the company, amounting to nearly 11 million shares. The sale is the first known case of company insiders ditching Trump Media shares now that restrictions have expired. AdvertisementGiven how volatile the Trump Media stock is, UAV may have received anywhere between $128 million and $170 million for its sale.
Persons: , Andrew Litinsky, Wes Moss, Donald Trump's, Moss, Trump, DJT Organizations: Trump Media, SEC, United Atlantic Ventures, Service, Social, UAV, Trump
By comparison, from Ohio’s March primary through August, Democrats held the edge, dropping $78.5 million on ads to Republicans’ $59 million. “Bernie’s special interest allies are dumping hundreds of millions of dollars into this race to try and defeat Sherrod because they know Sherrod will always stand up to them to do what’s right for Ohio,” Brown spokesperson Matt Keyes said in a statement. Democrats, who hold a one-seat majority in the Senate, are growing increasingly nervous about Sen. Jon Tester’s re-election bid in Montana. Democrats had a clear advertising advantage coming out of a contentious March primary that cost Moreno’s campaign millions of dollars to win. Close behind is WinSenate, a political action committee affiliated with the Democrats’ Senate Majority PAC, which has spent more than $22 million this month.
Persons: Sen, Sherrod Brown, Bernie Moreno, Brown, , Jai Chabria, JD Vance’s, , Moreno, Sherrod, ” Brown, Matt Keyes, Jon Tester’s, Larry Hogan, Gary Peters of, “ We’re, ” Philip Letsou, Chuck Schumer, Kamala Harris, ” Letsou, Barack Obama, Donald Trump, “ Sherrod, Chris Grant, Moreno’s, it’s, beholden, Harris, Joe Biden, Bernie, Scott Guthrie, ” Peters, I’m, “ Jon Tester, ” Moreno, Reagan McCarthy, chastise Brown, Mary Ann, ” Mary Ann, Bernie Moreno’s, ” Chabria, Vance Organizations: CLEVELAND, Senate, Democratic, , GOP, Republican, Democratic Senatorial, National Press Club, National Republican Senatorial Committee, Democrat Party, lockstep, Democrats, Defend, Jobs, Fund, PAC, National Republican, Moreno’s, Locations: Ohio, Montana, Florida, Texas, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin, Maryland, Gary Peters of Michigan, Washington, lockstep ”, ” Ohio, Toledo
That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. NFL games last year were 93 of the top 100 most-watched TV broadcasts. But I also know that some legacy media executives are already thinking about 2029 and brainstorming internally about how they can afford to compete against the tech giants for NFL games. The NBA, in its most recent rights deal, only wanted three media packages to help with consumer confusion and subscription fatigue. Given how popular NFL games are versus everything else on TV, the architecture of the NFL rights is the single biggest decision in the American media industry.
Persons: NBCUniversal’s Peacock, HBO Max, hadn’t, it’s, It’s, , , MoffettNathanson’s Robert Fishman Organizations: Disney, YouTube, NFL, Paramount, HBO, CNBC, Netflix, Google, Apple, CBS, Fox, NBC, Bengals, Chiefs, Amazon, NBA, Amazon Prime Locations: U.S
The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major 2020 election defamation lawsuit Thursday in a last-minute agreement to avoid a high-stakes trial. But in the run-up to the trial, Smartmatic’s hand weakened significantly, further raising the possibility of a settlement. Smartmatic has claimed that the lies promoted by Newsmax, Fox News, and other Trump allies destroyed its reputation and cost the company billions of dollars. However, as the Newsmax trial approached, Smartmatic’s lawyers reduced the company’s damages claim to approximately $370 million, according to statements in court. It often makes sense to settle rather than pay the expenses of a trial and possible appeals.”The settlement is the latest in a string of 2020 election defamation cases to reach an out-of-court agreement before trial.
Persons: Smartmatic, Newsmax, Erik Connolly, ” Connolly, “ Smartmatic, Donald Trump, ” Howard Cooper, Trump, Eric Davis, , Eric Robinson Organizations: Trump, Smartmatic, Newsmax, Fox News, University of South, Dominion, Systems, News, Fox Corporation, Fox Locations: Wilmington , Delaware, . Delaware, , University of South Carolina
A majority of wealthy investors plan to vote for Kamala Harris over Donald Trump, a new UBS survey says. The survey shows 57% of investors with at least $1 million in investable assets support Harris, while 43% back Trump. AdvertisementA majority of wealthy investors are planning to vote for Kamala Harris over Donald Trump in the upcoming November election. 57% of survey respondents said they plan to vote for Harris, while 43% said they were going to vote for Trump. Harris had a significant edge among Independents, with 60% planning to support her vs 40% for Trump.
Persons: Kamala Harris, Donald Trump, Harris, Organizations: UBS, Trump, Investors, Service, Business
The Peter Grant mansion, known as Canada's largest home, has been abandoned for over a decade. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 . Once owned by Grant Forest Products magnate Peter Grant, the Peter Grant mansion in Haileybury, Ontario, Canada, is believed to be the largest house in the country.
Persons: Peter Grant, Organizations: Service, Grant Forest Products, Business Locations: Lake Temiskaming, Ontario, Texas, Haileybury , Ontario, Canada
Lupita Nyong'o voices the main character Roz in "The Wild Robot," in theaters Friday. Lupita Nyong'o voices Roz in "The Wild Robot." She'd strained her vocal cords so much doing Roz's voice that they formed a polyp, a growth on the vocal cords that forms due to overuse or misuse. Related stories"I wasn't even aware, honestly, of the stress she was putting on her own voice," Sanders said. "The Wild Robot" director Chris Sanders and Lupita Nyong'o.
Persons: Roz, Nyong'o, , Lupita Nyong'o, Chris Sanders, Sanders, She'd, Lupita, Craig Barritt, Getty Nyong'o, Seth Meyers, Taylor, who's Organizations: Service, DreamWorks
Read previewVice President Kamala Harris has made a number of promises as part of her proposed domestic agenda. That's left Democrats with little choice than to go on offense and try to beat Sen. Ted Cruz in Texas and Sen. Rick Scott in Florida. Cruz and Scott we will crystallize the case against them," Peters said. In Texas, Cruz faces Democratic Rep. Colin Allred, who was recently endorsed by former Republican Rep. Liz Cheney. A source close to Scott signaled that the Florida senator isn't sweating it, telling Business Insider that "if national Democrats decide to spend in Florida, Rick Scott will spend more."
Persons: , Kamala Harris, Harris, She's, Donald Trump, Sen, Joe Manchin's, Tim Walz, Sherrod Brown, Jon Tester, Montana . Brown, Tester, Tim Sheehy, That's, Ted Cruz, Rick Scott, Gary Peters of, Cruz, Scott, Peters, Colin Allred, Liz Cheney, Scott's, Debbie Mucarsel, Powell, Allred Organizations: Service, Business, Senate, Gov, Republican, Democratic Senatorial, Gary Peters of Michigan, Sens, Democratic, Republicans Locations: Ohio, Montana ., Texas, Florida, In Texas, In Florida, New York, California
Reuters —Sudan’s army launched artillery and airstrikes in the capital on Thursday in its biggest operation to regain ground there since early in its 17-month war with the Rapid Support Forces (RSF), witnesses and military sources said. Witnesses reported heavy bombardments and clashes as army troops tried to cross bridges across the Nile connecting the three adjoining cities that make up the greater capital, Khartoum, Omdurman and Bahri. Army sources said their forces had crossed bridges in Khartoum and Bahri. The RSF told Reuters it had thwarted the army’s attempt to cross two bridges to Khartoum. Though the army retook some ground in Omdurman early this year, it depends mostly on artillery and airstrikes and has been unable to dislodge nimble RSF ground forces embedded in other parts of the capital.
Persons: Reuters —, General Abdel Fattah al, Burhan, , ” Ahmed Abdalla, RSF, Fashir, , Volker Turk, autocrat Omar al, Bashir Organizations: Reuters, Rapid Support Forces, United Nations General Assembly, UN, Human, UN Security Council Locations: New York, Khartoum, Omdurman, Bahri, Sudan, United States, Switzerland, North Darfur, Darfur, al
Russia's central bank says inflation is rising while the nation's economy cools. These are the key ingredients for stagflation, a scenario that's harder to combat than a recession. 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 . AdvertisementAs Russia's GDP and inflation figures move in the wrong direction, the worst-case scenario for any economy looms large over Moscow.
Persons: Organizations: Service, Bloomberg, Business Locations: Moscow
A grand jury has indicted New York City Mayor Eric Adams on 5 criminal counts in a corruption probe. Prosecutors accuse Adams of soliciting bribes from wealthy foreign businesspeople. He has been hit with charges of bribery and receiving illegal campaign contributions from foreign nationals. AdvertisementA grand jury has indicted New York City Mayor Eric Adams on five criminal counts in a federal corruption probe. The retired captain of the New York Police Department is the first sitting mayor of New York City to be indicted while in office.
Persons: Eric Adams, Adams, Organizations: New, New York City, Service, New York Police Department, Business Locations: New York, New York City
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Altman could reportedly receive a 7% equity stake, which would be worth about $10.5 billion at OpenAI's new valuation. In March, The New York Times reported Murati raised concerns about Altman's leadership style to the board before the ouster. Barret Zoph, the company's vice president of research, and Bob McGrew, OpenAI's chief research officer, are also departing the startup, Altman announced on X . "I obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company," Altman wrote.
Persons: , Sam Altman, Altman, Mira Murati, Slack, Murati, Barret Zoph, Bob McGrew, Joel Saget, Jenny Chang, Rodriguez, Meta —, it's, Elon Musk's, OpenAI Organizations: Service, Business, Employees, The New York Times, Lakshmi, OpenAI's, Meta, Reuters, Anthropic Locations: OpenAI, Lakshmi Varanasi
Mark Cuban is among the richest people in the US, with an estimated net worth of $5.7 billion. He's earned his fortune through business deals including the $5.7 billion sale of Broadcast.com. Go to newsletter preferences Thanks for signing up! AdvertisementMark Cuban, 66, is one of the wealthiest people in America, with an estimated net worth of $5.7 billion, according to Forbes. This story is available exclusively to Business Insider subscribers.
Persons: Mark Cuban, He's, Organizations: Service, Forbes, Business Locations: Dallas, America
Elon Musk purchased Twitter with a pledge to make it a bastion for free speech. AdvertisementA new "transparency report" from X might surprise anyone who has heard its owner, Elon Musk, talk about the importance of free speech. Three years after Musk took control of the company and rebranded it X, it has finally released a new transparency report. According to its transparency reports at the time, Twitter suspended almost 873,000 accounts in the last half of 2019. That number grew to about 1.3 million account suspensions in the latter half of 2021.
Persons: Elon Musk, Musk, Alex Jones, Donald Trump, , X, Donald Trump's, Infowars, Ken Klippenstein's, JD Vance, Trump's, Trump Organizations: Elon, Service, Twitter, CNN, Social, Trump, takedowns Locations: Brazil, Turkey, India
New York City Mayor Eric Adams has been indicted on on bribery and conspiracy charges. Adams is the first sitting NYC mayor to be charged in a criminal indictment. Go to newsletter preferences Thanks for signing up! AdvertisementA federal grand jury in Manhattan has indicted New York City Mayor Eric Adams on bribery and conspiracy charges. The charges were detailed in a 57-page indictment unsealed Thursday, accusing Adams of soliciting bribes from foreign businesspeople, including a Turkish government official, to fuel his political campaigns.
Persons: Eric Adams, Adams, , ADAMS —, New York City — Organizations: York City, Service, New, New York City, Turkish, Mayor, Business Locations: York, Manhattan, New York, New York City
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