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☆ Was Linda Yaccarino 'sandbagged?' What happened behind the scenes at the X CEO's disastrous coming out party.
▼ + stars: | 2023-09-28 | by ( Ben Bergman | ) www.businessinsider.com time to read: +10 min

X CEO Linda Yaccarino appeared rattled during her most high-profile appearance to date. Some criticized tech journalist Kara Swisher and Code for "sandbagging" Yaccarino. Months earlier, Boorstin had secured a coveted interview with Linda Yaccarino to make her first major public appearance after being named CEO of X, formerly Twitter. Later, Boorstin pressed Yaccarino on the Anti Defamation League's feud with Musk and accusations that X is encouraging antisemitism. AdvertisementAdvertisement"Everybody deserves to speak their opinion," Yaccarino said, before nervously glancing at her watch and saying she had to leave.

Persons: Linda Yaccarino, Yoel Roth, Kara Swisher, —, Julia Boorstin, Boorstin, Yaccarino, Yaccarino's, Elon Musk, Teslas, Roth, Swisher, Mary Barra, Linda, Yoel, X, Julia, Musk, Tesla Organizations: Service, CNBC's Senior Media, Tech, oceanside Ritz Carlton, Laguna Niguel, GM, Twitter Locations: Laguna, Detroit, LA, Meta, San Francisco, Laguna Beach, Los Angeles

☆ Electronic Pioneers Tangerine Dream Shape-Shift Once Again
▼ + stars: | 2023-09-25 | by ( Steve Smith | ) www.nytimes.com time to read: +1 min

Before this spring, the last time Tangerine Dream performed live in the United States was on Sept. 30, 2013. The occasion was “Live From Los Santos: The Music of Grand Theft Auto V,” a showcase presented during the 51st New York Film Festival. But you couldn’t miss the group’s leader, Edgar Froese, front and center in his signature black hat. It was the final New York performance by Froese, who died of a pulmonary embolism in 2015. Now, a new Tangerine Dream is touring the U.S. and Canada, arriving at the Knockdown Center in Queens on Saturday — precisely a decade after its last New York appearance.

Persons: Edgar Froese, Froese, Thorsten Quaeschning, Paul Frick, Hoshiko Yamane — Organizations: 51st New York Film Locations: United States, Santos, York, Berlin, Canada, Queens, Tucson, Ariz

☆ Western rival to Belt and Road has much to prove
▼ + stars: | 2023-09-25 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

LONDON, Sept 25 (Reuters Breakingviews) - Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. U.S. President Joe Biden has been talking up the West’s so-called Partnership for Global Infrastructure and Investment (PGII). To be fair, the G7 is stepping up efforts to involve the private sector. These initiatives are running in parallel with efforts to get the World Bank to cooperate more with the private sector. For developing countries, it is good to have two rival infrastructure initiatives competing for their attention.

Persons: Joe Biden, PGII, marshall, It’s, Hung Tran, Janet Yellen, Antony Blinken, Jordan, Xi Jinping, Vladimir Putin, Peter Thal Larsen, Katrina Hamlin Organizations: Reuters, Initiative, Group, Democratic, Global Infrastructure, Investment, Atlantic Council, coy, Treasury, European, Bank, United Arab, China, Thomson Locations: Italy, Republic, India, Europe, Zambia, Angola, Democratic Republic of Congo, Indonesia, Vietnam, South Africa, Senegal, United States, China, East, New Delhi, Indonesian, New York, Saudi Arabia, United Arab Emirates, Beijing

☆ Crypto is growing up: Goodbye yacht parties and NFTs, hello regulation and practical tech
▼ + stars: | 2023-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

The three-day Messari Mainnet conference in New York was less expensive and less fun than it was a year ago. That's the sense I got after spending three days rubbing shoulders with crypto founders, blockchain pros, politicians and executives at Messari Mainnet in New York City. Coinbase hosted reporters at a press breakfast during Messari Mainnet 2023. AdvertisementAdvertisementThe long shadow of Gary GenslerGary Gensler, the chairman of the Securities and Exchange Commission, did not attend Messari Mainnet, but no one could stop saying his name. "Gary Gensler cannot state whether ethereum is a security or not," Ramaswamy told the audience.

Persons: Phil Rosen, Carlos Domingo, they're, Anthony Scaramucci, Jesse Pollak, Base, Coinbase, Crypto, Jess Houlgrave, WalletConnect, Houlgrave, Gary Gensler Gary Gensler, Scaramucci, Vivek Ramaswamy, Ramaswamy, Gensler, Gary Gensler, Coinbase's Pollak, Pollak, Messari Organizations: Service, Skybridge Capital, White House, Coinbase, Securities and Exchange Commission, Jiminy Cricket, SEC Locations: New York, Wall, Silicon, New York City, ethereum, Singapore, Hong Kong

The sample capsule will parachute into the Utah desert as its mothership, the Osiris-Rex spacecraft, zooms off for an encounter with another asteroid. The asteroid samples will be handled inside nitrogen-purging gloveboxes by staff in head-to-toe clean room suits. ASTEROID AUTUMNThis fall is what NASA is calling Asteroid Autumn, with three asteroid missions marking major milestones. Both the NASA spacecraft and its target — a metal asteroid — are named Psyche. Japan’s first asteroid sample mission returned microscopic grains from asteroid Itokawa in 2010.

Persons: —, ”, University of Arizona’s Dante Lauretta, Rex, Bennu, Lauretta, NASA’s, Johnson, Kevin Righter, Lucy Organizations: NASA, University of Arizona’s, Empire, Defense Department’s Utah, NASA’s Johnson Space Center, Apollo, Soviet Union, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Utah, Japan, Bennu, Colorado, Houston, Antarctica, Cape Canaveral , Florida, U.S, China

☆ Klaviyo stock surges 23% as investors cheer the 3rd IPO in a week
▼ + stars: | 2023-09-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Klaviyo stock soared on its debut Wednesday, within days of Instacart and Arm's initial public offerings. The software company, founded in 2012, priced 19.2 million shares on Tuesday at $30 each, giving Klaviyo about a $9 billion valuation, fully diluted. Klaviyo helps companies build user profiles for targeted marketing. In 2020 and 2021, scores of companies initiated IPOs, but many now trade below their IPO price. Still, she said the likes of Arm, Instacart, and Klaviyo offer a "good litmus test" for what's to come in 2024.

Persons: Klaviyo, Wharton, David Erickson, Erickson, IPOs, Rachel Gerring, Gerring Organizations: Service, New York Stock Exchange, Venture, Wall Locations: Instacart, Wall, Silicon, Americas

☆ Generative AI has led to 'exploding' cybersecurity risks facing everyday people, McAfee CEO warns
▼ + stars: | 2023-09-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

McAfee CEO Greg Johnson told Insider GenAI is making threats like phishing more sophisticated. The more benefit it brings to consumers, it also goes to the scammers, Johnson said. The CEO of McAfee, the online security company known for its antivirus software, is embracing generative artificial intelligence as a way to boost his employees' productivity and help them keep up with online threats. "You used to have pretty blunt ways of attacking consumers," Johnson said. "And in that world, with Gen AI most recently, it's just accelerating the change that consumers are having to navigate."

Persons: Greg Johnson, GenAI, Johnson, Greg Johnson McAfee Johnson, McAfee, they've Organizations: McAfee, Service Locations: Wall, Silicon

☆ Deutsche Bank's chief innovation officer lifts the hood on the German bank's AI strategy as it hires hundreds and runs dozens of pilots
▼ + stars: | 2023-09-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Deutsche Bank is aggressively experimenting with AI capabilities to transform the bank. Then they cut to black before text came into focus to provide intel on Cymbal, a hypothetical corporate client of Deutsche Bank. Deutsche Bank is aiming to transform the business and work of banking. There's a lot of assumptions," Gil Perez, Deutsche Bank's chief innovation officer, told Insider. The bank will need to compete for in-demand AI tech talent, a market that is only set to heat up.

Persons: Gil Perez, Perez, Tamara Bitticks, Bitticks, There's Organizations: Deutsche Bank, DB, intel, Google, Deutsche, Bankers, Wall, genAI Locations: San Francisco, Washington

☆ Saudi Arabia is spending billions on sports, tech and everything in between for a post-oil world
▼ + stars: | 2023-09-10 | by ( Beatrice Nolan | Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Saudi Arabia sparked international outrage in 2018 after Washington Post columnist Jamal Khashoggi was murdered at the Saudi consulate in Istanbul, and continues to face accusations of human rights violations. Despite this, little has been able to stop Saudi Arabia from exerting more and more influence on the global stage. GettyImages/Unsplash/NeomLike many countries, Saudi Arabia's economy suffered when the pandemic struck in 2020, but the only way has been up since then. Chris Trotman/LIV Golf via Getty ImagesBoth at home and far away, Saudi Arabia hasn't shied away from investing boatloads of cash. The total hit 32.2 million in May with a median age of 29, according to Saudi Arabia's General Authority for Statistics.

Persons: Prince Mohammed Bin Salman, Jamal Khashoggi, It's, Ahmed Jadallah, Saudi Arabia's, Sergio Garcia, Chris Trotman, LIV, Saudi Arabia hasn't, Yasir Al, Jasmin Merdan, Abdullah Al, Prince Abdulaziz bin Salman al, Saud, JOE KLAMAR Organizations: Service, Washington Post, Bank, IMF, REUTERS, Saudi Aramco, King, King Abdullah Economic City, Getty, Public Investment Fund, MBS, Newcastle United, LIV, PGA, Saudi, Reuters, Saudi Arabia's, Authority, Statistics, Gulf States Energy, United Arab Emirates, Arab League Locations: Saudi Arabia, Wall, Silicon, Gulf, Saudi, Istanbul, Gulf Kingdom, Ahmed Jadallah Saudi Arabia, King Abdullah, Jasmin Merdan Saudi's, Riyadh, Arab, Vienna, AFP, Kuwait, UAE, Qatar

☆ Priscilla Presley’s Emotional Reaction to Sofia Coppola’s New Elvis Film
▼ + stars: | 2023-09-04 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +2 min

Priscilla is also 14, a fact the film doesn’t shy away from. That aesthetic choice smartly steers “Priscilla” away from Luhrmann’s movie (which was much more interested in Elvis the performer) and further grounds the film in Priscilla’s perspective. The movie may also lack big musical scenes because Presley’s estate was unwilling to support the film or authorize the use of his songbook. Luhrmann’s hagiography was estate-approved and portrayed the singer as the innocent pawn of his craven manager, Col. Tom Parker. “Priscilla” shows how manipulative Elvis himself could be.

Persons: Priscilla, Elvis murmurs, ”, Nancy Sinatra, Ann, Margret, “ Marie Antoinette, Elvis, sensitively, Cailee Spaeny, Jacob Elordi, Austin Butler’s, lister, Elordi acquits, Coppola isn’t, Elvis midsong, he’s, Priscilla ”, I’m, craven, Tom Parker, “ Priscilla ”, wouldn’t Locations: Germany, Graceland, “

☆ Cybertruck buyers still don't know what they're buying or how much it costs, and they are just weeks from delivery
▼ + stars: | 2023-09-02 | by ( Nora Naughton | Tim Levin | ) www.businessinsider.com time to read: +5 min

Would-be Tesla Cybertruck buyers still don't know how much they're spending. Apart from the few remaining details listed and the occasional cryptic tweet from Musk, there isn't much information to tell Cybertruck buyers what they're getting into. Tesla Cybertruck. That makes it even more important to give loyal truck buyers some details to work with. "If you're looking to convert average pickup truck buyers to something different, that's a little harder," Fiorani said.

Persons: Tesla, Elon, Musk, It's, Cybertruck, William Huston, he's, Ed Kim, AutoPacific, Sam Fiorani, Fiorani Organizations: Morning, Ford, Chevrolet, Toyota, AutoForecast Locations: San Francisco

☆ Elon Musk's X tells users that it could use their posts to train AI models
▼ + stars: | 2023-09-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Elon Musk's X tells users it could use their posts to train artificial intelligence models. AdvertisementAdvertisementElon Musk's X has changed its policies to allow information posted by users to be used to train its AI models. It is not clear how it will use the information from X and which AI models this relates to. Meta, which is also developing its own generative AI models, recently introduced an option for Facebook users to opt out of sharing their data to train its AI models. But this comes with limitations, per Gizmodo, and it's not guaranteed that all of a user's information will be removed from its AI training databases.

Persons: Elon Musk's, Musk, Elon Musk, didn't, ChatGPT, it's Organizations: Elon, Microsoft, CNBC, New York Times, Facebook

☆ ‘The Equalizer 3’ Review: Brood, Kill, Sip a Cup of Tea, Repeat
▼ + stars: | 2023-08-31 | by ( Manohla Dargis | More About Manohla Dargis | ) www.nytimes.com time to read: +2 min

As one does in Italy, Robert McCall likes to sit in a little cafe, watching the world pass by. McCall — an enigmatic avenger played by Denzel Washington — likes tea, but he’s fine with the coffee that a beautiful server brings him with a smile. This is the third and apparently last “Equalizer” movie that Washington will make. Maybe he’s grown tired of the franchise’s same-old ultraviolence or perhaps he’s bored with the predictable predictability of it all, even if this installment is as reliably watchable if ethically challenged as the previous ones. Whatever the case, little has changed since the first “Equalizer” (2014).

Persons: Robert McCall, McCall, Denzel Washington, Nero d’Avola Organizations: Denzel Locations: Italy, Washington, Amalfi, Sicily

☆ Lending startup Captain raised $107 million in the boom times. Now it's up for sale amid layoffs and a capital drought.
▼ + stars: | 2023-08-25 | by ( Melia Russell | Rob Price | ) www.businessinsider.com time to read: +6 min

Captain, a startup that aimed to quicken home repairs after natural disasters, is winding down. The Louisville-based company had previously raised $107 million across venture and debt equity. CartaMany early-stage startups such as Captain, which had raised $107 million across equity and debt capital, have struggled to raise new funding as a drought in venture capital spreads through Silicon Valley. Liabilities pile upThe company relies on debt financing to pay contractors upfront for materials, supplies, and labor costs. In his email, Gray said prospective buyers were aware of the outstanding liabilities and the sale price would be used to satisfy those liabilities, "with wages being the most paramount," he said.

Persons: Demetrius Gray, Gray, Captain, Red Swan, Pete Flint, Flint, PATRICK T, FALLON, Talent, Melia Russell, Rob Price Organizations: quicken, Carta, TechCrunch, GGV, fintech, Munich Re, San Francisco Superior Court Locations: The Louisville, Silicon Valley, Carta, Louisville , Kentucky, NFX, CoVenture, Munich, Maui

Reuters reported on Tuesday on a so-called earn-out agreement that was key to Roark clinching a deal for Subway. Roark prevailed over a rival bidding group led by buyout firms TDR Capital and Sycamore Partners, whose final offer was for $8.75 billion including an earn-out, and $8.25 billion without, the sources said. Roark took the view that the restaurant market is too fragmented for the deal to raise competition concerns, the sources added. Roark and Subway, which announced the deal on Thursday, declined to comment on the terms. Roark currently controls Inspire Brands, the owner of restaurant chains including Jimmy John's, Arby's, Baskin-Robbins and Buffalo Wild Wings.

Persons: Roark, DeLuca, Buck, John's, Jimmy John’s, Jimmy John's, Neil Saunders, Peter Buck, Fred DeLuca, JPMorgan Chase, Sullivan, Cromwell, Weiss, Garrison, Roark Capital, Morgan Stanley, Anirban Sen, Abigail Summerville, Deborah Sophia, Greg Roumeliotis, Marguerita Choy Organizations: Roark, Reuters, Subway, TDR Capital, Sycamore Partners, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, JPMorgan, Cromwell LLP, Thomson Locations: Connecticut, U.S, Bridgeport , Connecticut, The Milford , Connecticut, Rifkind, Wharton, New York, Bengaluru

Online, the Defense Ministry published a splashy video ad focusing on two central motivations: machismo, and money. It defines military service as more meaningful — and manly — than what’s depicted as the Russian man’s typical, humdrum existence. Since the invasion’s beginning, state television newscasts have been offering viewers a sanitized view of the war. “I got all the payments that contract servicemen are entitled to if they’re wounded,” the veteran, Nikolai Karpenko, says. “Contract military service, Nikolai says, gave him the chance to show that he’s a real defender of the fatherland,” the reporter intones.

Persons: “, Nikolai Karpenko, Nikolai, intones Organizations: Defense Ministry, Russian Defense Locations: Russian, Irkutsk, Siberia, Ukraine

A Subway sandwich shop logo is pictured in the Manhattan borough of New York February 14, 2014. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. The Wall Street Journal reported on Monday that Roark Capital was nearing a deal to buy Subway for about $9.6 billion. A spokesperson for Subway declined to comment, while representatives for Roark and TDR did not immediately respond to requests for comment. Roark controls Inspire Brands, owner of the Jimmy John's, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, Rusty Taco and SONIC Drive-In chains.

Persons: Carlo Allegri, Roark, DeLuca, Buck, John's, TDR, Sycamore, Goldman Sachs, Fred DeLuca, Peter Buck, Jimmy John's, Dunkin ’, Rusty Taco, Jimmy John’s, Abigail Summerville, Anirban Sen, Greg Roumeliotis Organizations: REUTERS, TDR, Sycamore Partners, Goldman Sachs, Subway, Street, Roark Capital, Goldman, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Thomson Locations: Manhattan, New York, TDR Capital, Bridgeport , Connecticut, The Milford , Connecticut, U.S, Champaign , Illinois

The case is the latest example of the Federal Trade Commission cracking down on deceptive e-commerce consultancies that target consumers and fledgling online businesses. The Cresto brothers also took 35% of any profits from their "partners'" e-commerce stores, the complaint says. The suspensions left Empire's clients deeply in debt, the FTC alleged, "because Empire typically had its clients pay for inventory on credit cards." The scheme is ongoing and defrauding consumers of tens of thousands of dollars, according to the FTC. Amazon and Walmart did not immediately respond to CNBC's requests for comment.

Persons: John, Roman Cresto, Ecommerce Organizations: Amazon, Walmart, Federal Trade Commission, FTC, Southern, Southern District of Locations: U.S, Southern District, Southern District of California, Italy

☆ Barbara Corcoran: A $320 coat was the 'best investment I ever made' at age 23—'it changed my life'
▼ + stars: | 2023-08-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Barbara Corcoran started her real estate firm at age 23, she quickly noticed a difference between herself and her competitors. Corcoran bought a wool coat with a brown and white print, high collar and a $320 price tag before tax, she said. Despite its hefty price, Corcoran says the coat gave her the one thing she "desperately" needed at the time: confidence. "I wore my coat for the next four years, and it was the best investment I ever made. Nearly three decades after founding her firm, Corcoran sold it to brokerage firm NRT for $66 million.

Persons: Barbara Corcoran, Corcoran, Bergdorf Goodman, Adam Galinsky, Hajo Adam, It's, You've, Warren Buffett Organizations: CNBC Locations: New Jersey

☆ $3.7 billion data startup Cohesity gets ready for an IPO, again, as hope rises that IPOs will return this fall
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cohesity just hired a new CFO and is talking about getting ready for its IPO. Data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider. But when it last announced it had filed confidential IPO paperwork on December 21, 2021, its timing couldn't have been worse. Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, and fears of a full-blown recession. The last splashy IPO was HashiCorp on December 9, 2021, so the window has now been closed for 20 months and counting.

Persons: Cohesity, Sanjay Poonen, IPOs, He's, it's, Poonen, Eric Brown, Srinivasan Murari, he's Organizations: Microsoft, Web Services, ARM, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg Locations: Informatica

☆ $3.7 billion data startup Cohesity prepares for a public listing, again, as hope rises that IPOs will return this fall
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

The data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider. But when it last announced it had filed confidential IPO paperwork, on December 21, 2021, its timing couldn't have been worse. Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, as well as fears of a full-blown recession. "I can't predict the market, but, you know, if that happens, I'd say we'd be as ready as we were in 2021," Poonen said. And as the market opens up, we'll pick the right time, whether it's fall, whether it's next year," Poonen added.

Persons: Cohesity, Sanjay Poonen, IPOs, Poonen, He's, it's, Eric Brown, Srinivasan Murari, he's Organizations: Microsoft, Web Services, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg Locations: Informatica

☆ Why TV news executives are having a brutal year in 2023
▼ + stars: | 2023-08-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

In his place, CBS announced Monday that Wendy McMahon will be chief executive and president of CBS News, the network’s local stations, and CBS Media Ventures. The formidable task is reflective of the extraordinary challenges traditional media outlets are facing amid a period of rapid and existential change to their business models and advertising woes. Increasingly, there is no longer a single powerful media executive tasked with solving for the less-than-ideal set of circumstances. The industry veteran noted that there is less of a focus on making splashy — perhaps at times risky — moves to build for the future among the C-suite ranks. Instead, there is a mounting emphasis on slashing costs to best position the mammoth media companies for the inevitable decline of linear television.

Persons: CNN — It’s, Chris Licht, Noah Oppenheim, Kim Godwin, Bob Iger, Suzanne Scott, Neeraj Khemlani, I’m, Wendy McMahon, Ingrid Ciprian, Matthews, Helming, yesteryear, ”, “ Organizations: CNN, NBC News, ABC, Fox News, Voting, CBS News, CBS, CBS Media Ventures, GOP

☆ EV startup Fisker revealed plans for a four-door convertible supercar with a Tesla-crushing 600 miles of range
▼ + stars: | 2023-08-06 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Electric-car startup Fisker unveiled three brand-new models on Thursday. Fisker wants the $385,000 car to have at least 600 miles of range, more than any other EV out there. Well what if you could drive, say, 600 miles before filling up? US electric-car startup Fisker claims buyers of its upcoming Rōnin supercar will be able to do just that. FiskerFisker's goal of at least 600 miles of range is significantly more than any EV available today.

Persons: Fisker, Elon Musk, Mercedes Organizations: Tesla, EPA Locations: Alaska

☆ Go check out this trove of photos showing Sam Bankman-Fried in his heyday in a private jet, penthouse, and FTX office — complete with a very messy desk
▼ + stars: | 2023-08-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried hobnobbed, worked, and traveled in style in FTX's prime, Bloomberg reported. Photos show him with New York City Mayor Eric Adams, playing the odd sport, and reclining in a jet. The Sam Bankman-Fried once celebrated by investors and honored on the Forbes 30 under 30 list lived well. A new collection of photos published by Bloomberg shows the one-time billionaire seemingly in his element. The photos also show a somewhat comically jarring mish-mash in aesthetics that had perhaps come to symbolize the nouveau riche of crypto.

Persons: Sam Bankman, Eric Adams, Fried, Bankman Organizations: Bloomberg, New York City, Forbes, Bankman Locations: Bahamas, Palo Alto , California, New York

☆ Investing platform eToro is bullish on generative AI. The US CEO breaks down its areas of experimentation, like making disclosures more fun to read and translating marketing material.
▼ + stars: | 2023-08-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Since ChatGPT's splashy debut in November 2022, generative AI has captured people's and corporations' imaginations. Generative AI is a subset of AI designed to ingest copious amounts of information and create new content. Finance, an industry that runs on data, has been exploring ways to leverage generative AI. At the retail-investing fintech eToro, work is underway to see how generative AI can be deployed to employees and customers. Using generative AI with guardrailsAs the company thinks about opportunities that come with generative AI, it can't ignore the risks.

Persons: Lule, ChatGPT's, Demmissie, hadn't, eToro, ChatGPT Organizations: Morning, Finance, Financial Industry, guardrails Locations: bitcoin

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