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☆ A deep tech investor predicts these 3 AI startups will become the decacorns of this decade with valuations of over $100 billion
▼ + stars: | 2023-05-01 | by ( Amir Khan | ) www.businessinsider.com time to read: +7 min

Amir Khan is a deep tech investor who's known about ChatGPT for 10 years. OwkinA health tech startup called Owkin, based in Paris, France, is working to build an AI model in partnership with top academic researchers and data scientists. MotionalMotional is a Boston-based autonomous tech startup that is gaining traction by successfully running the world's first robotaxi pilot program. If you've seen the old Batman movies, you would know self-driving vehicles were promised to us in the early 2000s. NexarNexar, a New York-based startup, is also a company working to realize our self-driving car dreams.

☆ A Tesla owner says a man set his electric car on fire, and the EV's Sentry Mode captured it on video, report says
▼ + stars: | 2023-04-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A Tesla with Sentry Mode reportedly captured footage of a man setting the EV on fire. The video, posted by a news outlet, appears to show a man pouring liquid on the car and setting it ablaze. The Tesla owner told local news he was visiting a friend when the incident occurred overnight. A Tesla customer's Model S cameras appeared to capture footage of a man setting the car on fire last week. "I can't fathom myself wanting to set fire to anything for any political reason, whatever," Harriston told local news.

☆ U.S. Sen. Manchin joins effort to repeal Biden solar tariff waiver
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

Senator Joe Manchin on Wednesday threw his support behind a legislative effort to repeal President Joe Biden's suspension of tariffs on solar panel imports from four Southeast Asian nations that are the industry's primary suppliers. He is the first Democrat to co-sponsor a resolution introduced by Senator Rick Scott, a Republican, in February. The effort would need a two-thirds majority in the Senate to overturn a presidential veto, and Democrats have just a narrow majority. A conservative Democrat from the coal mining state of West Virginia, Manchin has regularly clashed with his party on energy policy. The resolution mirrors a bipartisan measure that is scheduled for a vote in the House of Representatives on Friday.

☆ Trying to Find Your Place in the World? Try Birding From a Different Angle.
▼ + stars: | 2023-04-18 | by ( Ty Burr | ) www.nytimes.com time to read: +3 min

A waxwing slain beneath a living-room window, its biannual journey stopped dead by the sky in a pane of glass. After 40 mostly satisfying years as a film critic, I began to feel all those imagined visions closing around my head. I yearned to shake them off, to return to reality; birding has come to seem one of the more graceful ways to do that. To me, the nightly BirdCast map is a corrective to our human-centric view of the planet. In April and May, the map’s a rainbow of arrival, a feathery procession as brilliant as a pride parade.

☆ It's much easier to buy a home in these 5 cities than it was last year
▼ + stars: | 2023-04-13 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

It's a tough time to be a homebuyer: prices are high and mortgage rates are still relatively high. But in most US cities, it's actually gotten easier for buyers to negotiate prices and sales terms. Here are five cities from North Carolina to Hawaii where power has shifted to buyers the most. Those same relatively higher mortgage rates and property prices that still hover well above prepandemic levels, though, make it exceedingly hard for many Americans who want to buy a home to do so. Here are the five cities — from Hilo, Hawaii to Lebanon, New Hampshire — where buyers have gained the most power since last spring.

☆ People are ticked that delivery drivers complained about stingy tips in a viral New York Times article. Here are the 5 main reasons people don't think they should tip more.
▼ + stars: | 2023-04-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Food delivery drivers are struggling to make ends meet, according to a recent New York Times article. While many delivery drivers said they benefited from larger tips during the beginning of the pandemic, some said this generosity has since faded. Why should sushi delivery drivers earn 10 times as much as pizza delivery?" (3) Drivers should be tipped based on how difficult their delivery wasSome commenters argued that food delivery drivers' tips should be based on how far — and what weather they had to endure — to make the delivery. "Someday, all of these gig workers will be too old to keep this kind of hustle up.

☆ This Uber Eats driver only accepts high-value orders in the hope of getting big tips. He says it's 'like gambling,' but 'very exciting.'
▼ + stars: | 2023-04-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

An Uber Eats driver told The New York Times that only accepting high-value orders is like "gambling." He told the newspaper he felt delivery drivers were now considered "the bottom of the barrel." After delivering the orders, he waited an hour to learn from the Uber Eats app how much his tips were worth. "It's like gambling," Bush told The Times about his "very exciting" big tips. Uber told The Times it had improved its app to reduce "verification confusion" for high-value tips and added measures to encourage better tipping.

☆ Companies That Went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs
▼ + stars: | 2023-04-07 | by ( Mark Maurer | ) www.wsj.com time to read: +1 min

Cryptocurrency platform Bakkt Holdings, which listed on the New York Stock Exchange in October 2021 after merging with a special-purpose acquisition company, recorded a $1.51 billion pretax goodwill impairment for the following year. Companies that went public through mergers with special-purpose acquisition companies in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom. Some of the biggest goodwill impairments in 2022 came from SPAC-backed companies like cryptocurrency platform Bakkt Holdings Inc., business-services provider Advantage Solutions Inc., 3-D printing firm Fathom Digital Manufacturing Corp., self-driving vehicle startup Aurora Innovation Inc. and now-bankrupt bitcoin miner Core Scientific Inc., according to financial and risk advisory firm Kroll LLC. Each of these five companies’ pretax impairments exceeded $1 billion last year.

☆ Is Trump going to jail? Ex-president's odds of lockup for New York indictment are slim to none, legal experts say
▼ + stars: | 2023-03-31 | by ( Natalie Musumeci | Laura Italiano | ) www.businessinsider.com time to read: +6 min

"I do not see a scenario where Donald Trump spends one minute in jail," one defense attorney told Insider. It's more possible Trump could face a fine, community service, or probation, experts said. "I can't say for absolute 100% certainty there can't be jail because on the books, he can go to jail," said high-profile defense attorney and former Brooklyn prosecutor Arthur Aidala. Any kind of community service would likely be "private" so Trump couldn't be "out there cleaning a park or picking up garbage," Aidala said. Also, in 2018, former Trump attorney Michael Cohen pleaded guilty to criminal charges in Manhattan federal court in connection to the the hush-money payments.

LONDON, March 28 (Reuters) - Binance founder Changpeng Zhao could never be accused of thinking small. The 46-year-old CEO didn't waver in his belief as he built up his crypto exchange. Binance and Zhao did not respond to requests for comment for this article. Binance became the world's biggest crypto exchange within six months, and now accounts for about 60% of global crypto trading volumes, according to research firm CryptoCompare. While Binance has hired widely from the traditional financial and regulatory worlds in recent years, Zhao's tight control over his company has continued.

☆ Trump's Waco rally fans take his word as gospel and can't fathom voting for anyone else: 'Whatever he says is just golden for me'
▼ + stars: | 2023-03-27 | by ( Warren Rojas | ) www.businessinsider.com time to read: +8 min

"All the solutions we need are strictly Donald J. Trump," one diehard fan told Insider. "I"m just waiting for Trump," the Waco resident, who declined to give his last name, told Insider. Republican Rep. Matt Gaetz of Florida mingles with MAGA supporters during former US President Donald Trump's 2024 campaign rally in Waco, Texas. Nguyen Adams, who said she wouldn't call herself a full-fledged Trump supporter, told Insider she was there mainly out of curiosity. The world is not safe," Edy told Insider, adding that she's worried that America is being taken over by communists and freedom-hating domestic terrorists.

☆ Russian jet's collision with a US drone shows Russia may have a fighter pilot 'problem,' former US aviators say
▼ + stars: | 2023-03-16 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

A Russian fighter jet collided with an American drone this week after harassing it. The collision was likely unintentional, and former US naval aviators say that it could point to problems with Russian fighter pilots. A State Department official said it "probably was the result of profound incompetence on the part of one of these Russian pilots." Russian military failures in Ukraine have altered this view, he continued, "and now, you've got something like this." Charles Larkin Sr./US Air Force via AP"The tactical portion here is that poor training or poor decision making by a Russian pilot caused a collision," Snodgrass said.

☆ This SoftBank-backed startup just launched smart glasses that enable surgeons to virtually observe and advise on procedures across the world
▼ + stars: | 2023-03-13 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

The practicing surgeon is the founder of Proximie, an augmented reality startup that enables healthcare professionals to observe and advise on surgeries virtually. The wearable PxLens headset enables remote users to get a first-person view of surgeries or training procedures in 2D. Riddhi Kanetkar/InsiderThrough its 4K camera lens, the glasses enable surgeons and remote users to have a detailed view of the operating room. "It's almost as if you're standing over the shoulder of the surgeon in the operating room," said Hachach-Haram. "I see a world where every operating room in the world will be digital, and accessible to anyone."

☆ Cramer to the Fed: You have an elegant fix for the Silicon Valley Bank crisis — please use it
▼ + stars: | 2023-03-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank's demise on the economy and the stock market. The who is Silicon Valley Bank. Silicon Valley Bank was not likely to support your company if it did not receive all of your deposits. ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank's demise on the economy and the stock market. A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Jobs, Fed, crypto
▼ + stars: | 2023-03-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Eli Lilly (LLY) says trial results show its older Alzheimer's drug failed to slow cognitive decline. Oppenheimer says Club holding Meta Platforms (META) has figured out how to give more data to advertisers, and that's driving shares higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

LONDON, Feb 10 (Reuters) - The two investment obsessions of the year so far - artificial intelligence and super-tight labour markets - meet head on. Far from relaxing, should office or home-based workers now fret that we're in for anything but a tight jobs market over the coming years? Morgan Stanley's thematic research team said this week it was inundated with enquiries about generative AI during its recent client visits. Much like the pandemic, fear of automation could have as big an economic impact as its actual spread. US jobs growth by sectorMcKinsey chart on automation worldwideFathom chart on US vs China AIThe opinions expressed here are those of the author, a columnist for Reuters.

My $40,000 salary was barely enough to get by, but when I got a $5,000 bonus, I suddenly felt rich. Even living in Birmingham, Alabama, I quickly realized how little my $40,000 a year paycheck actually was. When bonus time rolled around, usually toward the end of summer and right before the winter holidays, it felt like I'd won the lottery. All of which is to say, it was a big expense — one that a $5,000 bonus could have knocked out with money to spare. My bonus wasn't really a bonus, but a necessityI realized the company was using bonuses to pay us a living wage, when that's not what a bonus is supposed to be.

☆ Ken Griffin has built two of Wall Street's most powerful firms. His next target could be influencing politics.
▼ + stars: | 2023-01-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Ken Griffin, the founder and CEO of Citadel. It's good to be Ken Griffin. Plenty of people find success on Wall Street that most can only dream of. But Ken Griffin seems to be winning in ways that even his peers can't fathom. Click here to read more about Ken Griffin rise to the top of Wall Street and what could be next for the billionaire.

Five decades ago, Jim Ziglar witnessed the landmark Roe v. Wade decision take shape inside the Supreme Court chambers. Jim Ziglar, center left, clerked for Justice Harry Blackmun, center right, in 1972-1973, the session in which Blackmun wrote the landmark majority decision for Roe v. Wade. Blackmun, Frampton said, "really wanted to become an expert in the history of abortion and the history of abortion law." The Supreme Court clerks who served in the 1972-1973 session, in which the Roe v. Wade decision was handed down. Richard Hoffman and Rhesa Barksdale worked as clerks for Supreme Court Justice Byron White in the 1972-1973 session, in which White wrote the dissenting opinion in the landmark Roe v. Wade decision.

☆ I saw 'Last of Us' on a big screen. Here's why more blockbuster TV shows should be shown in movie theaters.
▼ + stars: | 2023-01-15 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

More blockbuster TV shows like "Last of Us" should be shown on the big screen. It raised the question: Should more TV shows be put on the big screen? That event earned nearly $5 million, according to Fathom Events CEO Ray Nutt. The airings earned $2 million from just 205 theaters, according to The Los Angeles Times, and the episodes had already aired on HBO. Meanwhile, blockbuster shows like "House of the Dragon" and "The Rings of Power" had premiered on the small screen.

☆ Breakingviews: Disney’s next 100 years hinges on a metaverse
▼ + stars: | 2023-01-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Walt Disney (DIS.N) in October will celebrate its 100th anniversary. In the past century, the Magic Kingdom’s theme parks have survived technological forces. The idea expanded and now the company operates parks in Paris, Hong Kong, Shanghai, not to mention the Walt Disney World Resort in Orlando, Florida. The theme parks, and their related consumer products, are an increasingly important part of the company. In the year ending September 2018, the division had a chunky 25% operating margin and represented almost 40% of Disney’s total operating profit of $16 billion.

☆ Disney’s next 100 years hinges on a metaverse
▼ + stars: | 2023-01-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Walt Disney (DIS.N) in October will celebrate its 100th anniversary. In the past century, the Magic Kingdom’s theme parks have survived technological forces. Taking the real Disneyland as a blueprint for the metaverse that marries its brand and streaming ambitions is not hard to fathom. The idea expanded and now the company operates parks in Paris, Hong Kong, Shanghai, not to mention the Walt Disney World Resort in Orlando, Florida. In the year ending September 2018, the division had a chunky 25% operating margin and represented almost 40% of Disney’s total operating profit of $16 billion.

☆ Joe Manchin wants to slam the brakes on the 'loopholes' in the EV tax credit that could give some Americans extra cash early this year
▼ + stars: | 2023-01-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden's Inflation Reduction Act included a $7,500 tax credit for purchasing an electric vehicle. Sen. Manchin said that delay "bends to the desires of the companies looking for loopholes" by allowing more to qualify for the credit. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. That incentive was in the form of a maximum $7,500 tax credit for households that buy new electric vehicles (EVs), along with a $4,000 credit for used EVs. The Treasury Department delayed implementation of the sourcing rule until March, giving car manufacturers and consumers until then to take advantage of the tax credit before stricter rules go into place.

Family members amble through the front door with more gifts, so the kids form a gift-opening assembly line that starts from youngest to oldest. Oh, the gifts, gifts, gifts, gifts! I can’t control what others give my kids, but I can control our understanding of material objects and values. Often, on these boisterous multigenerational family holiday celebrations, the conversation inevitably turns toward nostalgia. “Remember when even buying bones was a special treat for our family?” my mom says with eyes twinkling.

Jonathan Ernst | ReutersThe Jan. 6 House select committee released its long-awaited final report Thursday, capping an 18-month probe of the 2021 breach of the U.S. Capitol by a violent mob of supporters of former President Donald Trump. "Donald Trump's senior Justice Department officials — each appointed by Donald Trump himself —investigated the allegations and told him repeatedly that his fraud claims were false," Cheney wrote. "Donald Trump's White House lawyers also told him his fraud claims were false. Members of the Oath Keepers militia group among supporters of U.S. President Donald Trump, on the steps of the U.S. Capitol, in Washington, January 6, 2021. U.S. President Donald Trump arrives to speak to supporters from The Ellipse near the White House on January 6, 2021, in Washington, DC.

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