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☆ Nearly half of CEOs believe AI could replace their own jobs, says new poll—and 47% say that's a good thing
▼ + stars: | 2023-09-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Nearly half of CEOs — 49% — say AI could effectively replace "most," or even "all," of their own roles, and 47% say it might even be a good thing, according to a survey from online education platform edX. The poll, published on Tuesday, surveyed 1,600 full-time U.S. workers, including 800 C-suite executives and CEOs, as well as 800 non-executive workers. "It is clear that a majority [of executives] think that AI is going to be transformative," he tells CNBC Make It. It could also tackle other CEO responsibilities, like analyzing market data and brainstorming ways to improve a business' operations, some experts say. Delegating those mundane tasks could help CEOs focus on "the things that make them CEOs ... vision and dreaming about new products and selling," Agarwal says.

Persons: Anant Agarwal, Agarwal Organizations: —, MIT, CNBC Technology, CNBC

☆ 35-year-old CEO dumped his ‘pretty good’ startup—and built a $1.4 billion business instead
▼ + stars: | 2023-09-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Sometimes, you need to recognize that pretty good isn't good enough. A decade ago, they were on a completely different track — running a voice recognition startup called Sonalight. It was "a version of [Apple's] Siri before Siri even existed," Skates, Amplitude's 35-year-old CEO, tells CNBC Make It. Skates: There's always that risk when starting something new, but it actually wasn't that hard of a decision for us. They want to do it only if there's a clear path to success and there's validation along the way.

Persons: Spenser, Curtis Liu, Siri, Liu, Sonalight, it's, they'd, Jeffrey Wang, we'd, let's Organizations: CNBC, MIT, Google, Engineers Locations: Sonalight

☆ Mark Cuban shares 'a secret that all successful people know': If someone says they can make you rich, 'they're lying'
▼ + stars: | 2023-09-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban has "a secret that all successful people know," he says: Beware of anyone who claims they can sell you a foolproof strategy for making easy money. "When you see somebody on social media telling you how they're going to make you money, they're lying," the billionaire entrepreneur and investor told his 940,000-plus TikTok followers in a recent post on the social media platform, while sharing his "tip of the day." Be especially wary of ones who specialize in particular industries, or tell you they'll help you set up a specific kind of business, Cuban said. "When somebody is selling their idea — shoes, drop shipping, whatever it may be — to you, and they're selling it to other people, you know what they're doing besides lining their pockets?" Instead of cutting corners, do the difficult work of figuring out your best business strategy for yourself, Cuban advised.

Persons: Mark Cuban, haven't, Cuban, Randall Kaplan Organizations: Federal Trade Commission, Better Business Bureau, CNBC Locations: Cuban

☆ These 3 tips can help you raise happier kids, say Harvard and Yale experts: Don't 'sugarcoat the threats' of the world
▼ + stars: | 2023-09-14 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Teach kids that negative emotions are normal and not permanent"Sometimes, we're just going to be upset or sad or anxious or frustrated or whatever it is. And that kind of thing is normal," Santos said on her podcast, "The Happiness Lab," earlier this year, adding: "This is a hard concept for adults to get. "We can teach kids that sometimes, your emotional weather is like it is in San Diego, where it's — in theory — sunny all the time," she said. His solution: Prepare children for specific problems they're likely to encounter, and be realistic about the level of danger. You can teach kids to never accept rides home from strangers without making them fearful of all new people in every situation.

Persons: we're, Santos, Brooks Locations: San Diego

☆ Ex-CEO worked 3 jobs to buy a small fixer-upper house—flipping it launched a $265.2 million real estate empire
▼ + stars: | 2023-09-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

One of the world's largest real estate companies started out as a side hustle. Then, he acquired a real estate license to save money on commissions, and discovered he had some talent as a broker. Liniger left the military in 1971, moved to Denver and worked for other real estate brokerages before co-founding Re/Max with his soon-to-be wife, Gail. When Liniger launched Re/Max, he was "terribly naive," he says — telling his first employee he "was going to build the largest real estate company in the world." Surround yourself with positive influencesAssociate yourself with people who share your goals, including the desire to succeed, Liniger advises.

Persons: Max, Dave Liniger, Liniger, frugally, Gail, Jim Rohn, Berkshire Hathaway, Warren Buffett, Bill Gates, Gates, Buffett, you've Organizations: CNBC, U.S . Air Force, Indiana University, Re, Berkshire, Microsoft, Columbia University, NASCAR, NASA Johnson Space Center, . Space Command Locations: Denver, U.S, Tucson , Arizona, Colorado

☆ CEO, ex-NSA hacker says ‘people hate’ this advice—but it’s your ‘single biggest’ protection from scams
▼ + stars: | 2023-09-07 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

"Everybody hates multi-factor authentication," cybersecurity expert and former government hacker Kyle Hanslovan tells CNBC Make It. Microsoft has claimed that multi-factor authentication can prevent 99.9% of cyberattacks on personal accounts. Fewer than half of U.S. small business-owners require employees and customers to use multi-factor authentication, according to the Cyber Readiness Institute. They're more likely to choose the path of least resistance whenever they come across an obstacle, like an extra step for authentication, Hanslovan says. "If you [use multi-factor authentication] and choose that app, you're almost ahead of most of the pack and attackers will move to somebody who's the slowest one."

Persons: Kyle Hanslovan, Huntress, Hanslovan, I've, you've, Warren Buffett Organizations: CNBC, U.S . Air Force, National Security Agency, Air National Guard, Microsoft, Duo Security, Cyber Readiness, Mobile, Google Locations: U.S

☆ The CEO of a $2.2 billion tech startup—who’s sold companies to Yahoo and Google—shares the common mistake he’s avoided
▼ + stars: | 2023-09-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Craig Walker has sold startups to Yahoo and Google, and his current business, cloud communications company Dialpad, is valued at $2.2 billion. Still, the CEO says he learned his most important business lesson watching a "goofy" 1970s racing comedy, called "The Gumball Rally." But, Walker has been running internet communications companies for more than two decades, and he says he's seen "a lot of entrepreneurs" make the mistake of reacting to their competition: "They'll change their roadmap. When the internet bubble burst, an internet communications company he'd backed was floundering and in need of a steady hand. This time, Walker stayed on at Google for nearly four years, leading the transition of his former business into the Google Voice platform.

Persons: Craig Walker, Walker, Raul Julia's, I'm, he's Organizations: Yahoo, Google, CNBC, Microsoft's, Dialpad Communications, GrandCentral Communications, ICONIQ Capital Locations: Raul Julia's Italian

☆ Bill Gates: This is the major contributor to climate change that people are 'probably least aware of’—It's 'a challenge’
▼ + stars: | 2023-08-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Bill Gates has spent years, and billions of dollars, working to combat climate change. But, according to Gates, most people are still unaware of the role played by one of the biggest contributors to climate change: agriculture, specifically methane emissions from livestock and fertilizers. While plant-based foods have won support from those looking for alternatives to products made from animals, Gates said that he started backing plant-based food ventures because of their potential to combat climate change. In his 2021 book, "How to Avoid a Climate Disaster," Gates wrote that effectively combating climate change will take people being willing to commit to new ideas, like switching to electric cars and synthetic meats. Speaking to Thompson about the plant-based meat startups, like Impossible, Gates said that "they're doing well, but a lot of people want him to make [the product] even slightly better."

Persons: Bill Gates, Gates, Ahmir, Thompson, Barack Obama, Warren Buffett Organizations: U.S . Environmental Protection Agency, MIT Technology Locations: Gates, Philadelphia, U.S

☆ These 2 activities can help you raise smarter kids, says brain study: They're 'associated with improved cognition'
▼ + stars: | 2023-08-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

"Improved diet quality and increased organized sports and reading were associated with improved cognition," the neuroscientists wrote. One particular part of the study's findings stands out: the suggestion that structured physical activity, like organized sports, can improve kids' cognitive skills. The finding builds on past research, which showed a clear link between increased physical activity and improved brain function, including memory and learning ability. Team sports especially offer a mental health boost by blending physical activity with social development. Still, experts often recommend a healthy mix of structured and unstructured play for children: The former can provide more targeted learning, while the latter can help foster creativity and self-motivation.

Persons: Neuroscientists Organizations: University of Eastern, National Institutes of Health, Team Locations: University of Eastern Finland

☆ Investor who studied at Harvard's 'Happiness Lab' shares the No. 1 thing that 'actually drives happiness'—it isn't money
▼ + stars: | 2023-08-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Alexa von Tobel learned at Harvard University that money doesn't buy happiness. But despite her own financial success, von Tobel, 39, says she's derived the most happiness throughout her career from "the intangibles that money can't buy." "Through my time at Harvard's Happiness Lab during my undergrad years, I really gained a new perspective on what drives happiness," von Tobel tells CNBC Make It, adding: "What actually drives happiness are the simple routines and the daily rituals in our lives that create community and connectedness." In college, von Tobel earned Magna Cum Laude honors for a senior thesis on happiness in the small country of Bhutan, according to her LinkedIn profile. "The daily effort drives happiness, not the outcome," says von Tobel.

Persons: Alexa von Tobel, She's, von Tobel, she's, Von Tobel, Tal Ben, Shahar, Shawn Achor, It's, Warren Buffett Organizations: Harvard University, Northwestern Mutual, Harvard, CNBC, Magna Cum Laude Locations: Bhutan, LearnVest

☆ 37-year-old launched a bank specifically for Black-owned businesses—to help fix 'a problem for everybody'
▼ + stars: | 2023-08-21 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Ifill — who is Black — watched businesses in her Brooklyn community struggle to stay afloat, their frustrations with traditional banks front and center. In January, she launched Guava, an online banking platform aimed specifically at Black small-business owners. For context, Mercury — another online bank for startups — topped 100,000 customers in three years, according to TechCrunch. Many large banks boast millions of small-business customers each. "Especially for Black people [and] especially for immigrants in this country."

Persons: Kelly Ifill, Ifill —, Black, Ifill Organizations: CNBC, TechCrunch Locations: Brooklyn , New York, Brooklyn

☆ Mark Cuban passed on an early Uber investment—his $250,000 would be worth $2.3 billion today: ‘Whoops’
▼ + stars: | 2023-08-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

"Just think: If I would've given him $250,000 on a [$10 million] valuation, it'd be billions," Cuban said. Specifically, given Uber's market capitalization of $90.1 billion as of Friday, Cuban's $250,000 would be worth $2.25 billion today. But, still," said Cuban, whose net worth is currently estimated at $5.1 billion. Cuban and Kalanick already had history at the time: Cuban invested $1.7 million in Kalanick's previous venture, a peer-to-peer networking startup called Red Swoosh, in 2005. However, Cuban said he didn't agree with Kalanick's $10 million valuation of the startup at the time: "I said, 'I'll do it at [a] $5 million valuation...' for Uber!"

Persons: Mark Cuban's, Uber, Travis Kalanick, Kevin Hart's Peacock, Hart, Cuban's, Kalanick, Cuban, Troy Carter, Carter, Mark Cuban, Warren Buffett Organizations: Uber, Cuban, SXSW, CNBC

☆ 29-year-old’s self-driving car startup was born in a garage—now it has Bill Gates’ attention and a $1 billion valuation
▼ + stars: | 2023-08-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Since launching Wayve in 2017, CEO Alex Kendall has often felt like the self-driving car industry's mostly ignored little brother. In 2017, Kendall got a Ph.D. in deep learning and computer vision at the University of Cambridge. While there, he helped develop a deep learning algorithm for a computer vision concept called "semantic segregation." A delivery van outfitted with Wayve's autonomous driving software is part of the fleet of vehicles making grocery deliveries across London. When he and Kendall launched Wayve, "many of the big technology giants had just put billions of dollars of funding into building autonomous vehicles," Kendall says.

Persons: Alex Kendall, Kendall, Amar Shah, Wayve, Bill Gates, we've, it's, Shah, I've Organizations: Microsoft, Virgin, CNBC, University of Cambridge, PACE, Eclipse Ventures Locations: London, South, Cambridge, Asda, Kendall

☆ Bill Gates says A.I. could transform education: It 'will be like a great high school teacher' who always gives useful feedback
▼ + stars: | 2023-08-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Bill Gates has a vision for how artificial intelligence could transform education — by mimicking your favorite high school English teacher. "Very few students get feedback [from software programs] on an essay that this could be clearer, you really skipped this piece and the reasoning," Gates said. Gates stopped short of saying AI could — or should — ever replace human teachers. Rather, chatbots could assist overworked teachers and help "close the [education] gap" for low-income students around the world, he said. Khan Academy is also experimenting with using the tool to help facilitate student discussions, potentially providing "an army of teaching assistants for every teacher," Khan added.

Persons: Bill Gates, chatbots, Gates, Sal Khan, Bing, Khan, Tovah Klein, Klein, Warren Buffett Organizations: Khan, Microsoft, Khan Academy, New York Times, Barnard College, CNBC

☆ Bill Gates watched ChatGPT ace an AP Bio exam and went into 'a state of shock': 'Let's see where we can put it to good use'
▼ + stars: | 2023-08-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Even tech icon Bill Gates says he was caught off-guard by the rapid development of artificial intelligence programs like ChatGPT. The story began last June when Gates first tested the AI-powered chatbot — developed by Microsoft partner OpenAI — and came away unimpressed. Two months later, OpenAI's developers came back, and Gates watched ChatGPT achieve the top score of five on the test. "I'm still, personally, in a state of shock at 'Wow, it is so good,'" Gates said. Still, the rapid development left Gates thoroughly impressed, and excited about the technology's potential applications: "Let's see where we can put it to good use," he said.

Persons: Bill Gates, Gates, Sal Khan, OpenAI —, Sam Altman, I'm Organizations: Khan, Microsoft, AP

☆ 3 friends pooled $3,000 to sell T-shirts—they've brought in over $250 million since 2019
▼ + stars: | 2023-08-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

When Bartlett and a couple friends pooled $3,000 to launch men's apparel brand True Classic in 2019, he'd never sold clothing before. But the idea behind True Classic, affordable shirts built to flatteringly fit the everyman, seemed to resonate with people. The mistake, he says, nearly put True Classic out of business. Now, finally, True Classic is once again positioned to compete with direct-to-consumer rivals like Everlane and Vuori, and clothing giants like Nike and Ralph Lauren. True Classic spent $40 million on its first inventory order for the year.

Persons: Ryan Bartlett's, Bartlett, he'd, — Nick Ventura, Matthew Winnick —, Ralph Lauren, who'd, should've, couldn't Organizations: CNBC, Nike, Facebook Locations: Los Angeles, Ventura

☆ The No. 1 thing successful people never do, from an investor who sold her startup for $375 million
▼ + stars: | 2023-08-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

It takes confidence to launch your own business, but overconfidence can be a recipe for failure. That's why Alexa von Tobel warns not to get too caught up in your own success. People were clearly excited about the business, and von Tobel knew she'd "hit [on] something" with the idea. As a first-time entrepreneur, von Tobel didn't get carried away with her company's early success. Making sure you retain some "healthy paranoia" doesn't mean you have to live in constant fear of failure, von Tobel notes, or be afraid of celebrating wins, in order to be successful.

Persons: Alexa von Tobel, LearnVest, von Tobel, she'd, didn't, von Tobel didn't, Warren Buffett Organizations: CNBC, Northwestern Mutual Locations: Harvard

☆ William Friedkin, acclaimed 'Exorcist' director, dead at 87
▼ + stars: | 2023-08-07 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

[1/3] Director William Friedkin attends a walking tour around Georgetown that focused on some of the film locations from the original Exorcist in Washington D.C., U.S. April 17, 2018. "The French Connection" won five Academy Awards, including best picture, best director for Friedkin and best actor for Gene Hackman, who Friedkin initially did not want in the memorable role of New York narcotics detective Popeye Doyle. "The Exorcist" was nominated for 10 Academy Awards, including best picture and best director for Friedkin. In "The French Connection," cops played by Hackman and Roy Scheider in the decaying New York City of the early 1970s track a French heroin smuggler. William David Friedkin was born on Aug. 29, 1935, and grew up in Chicago, the son of poor Ukrainian immigrants.

Persons: William Friedkin, Carlos Barria, ", Friedkin, Sonny, Cher, Gene Hackman, Popeye Doyle, Linda Blair, Tom Huddleston, they're, William Petersen, Willem Dafoe, Ashley Judd, Joe, Matthew McConaughey, Billy, Hackman, Roy Scheider, William Peter Blatty's, Blair, Oscar, levitates, Mercedes McCambridge, Al Pacino, Gay, William David Friedkin, Sherry Lansing, Jeanne Moreau, Lesley, Anne Down, Kelly Lange, Will Dunham, Danielle Broadway, Bill Trott, Rosalba O'Brien Organizations: Washington D.C, REUTERS, Creative Artists Agency, Chicago TV, Thomson Locations: Georgetown, Washington, York, L.A, New York City, Chicago, Hollywood, Los Angeles

☆ Ivy League child psychologist: Let your kid use ChatGPT—but only if you do these 3 things first
▼ + stars: | 2023-07-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

"Certainly for younger children, for elementary age [and] preschoolers, they definitely need adult involvement navigating the digital world period, let alone a digital world which may have that much more ... inaccurate information," she adds. Even without the concern of misinformation, you should still supervise your kids' AI sessions for a simple reason, says Klein: You understand context and nuance better than machines do. Covid-era research shows that remote-learning wasn't particularly effective for younger children — and, in some ways, may have been harmful to their behavioral and learning development. "Interacting with humans is so important for children: It's how they learn to relate and to read people and to read cues. Even if the child's struggling, that kind of feedback is really important," Klein says.

Persons: Bill Gates, chatbots, Tovah Klein, Barnard, Klein, —, we're Organizations: Microsoft, Barnard College Center, Development, Columbia University

☆ How a Harvard grad school dropout launched a startup during the Great Recession—and sold it for $375 million in just 7 years
▼ + stars: | 2023-07-28 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +7 min

In 2007, while working as a Morgan Stanley analyst, von Tobel started working on a 75-page business plan. A year later, she entered Harvard Business School, assuming she'd need training and connections to launch a successful startup. She credits her detailed business plan, and her conviction that she could tap into an underserved market of people who urgently needed help. Fast forward, I went to Harvard and Harvard Business School, and I remember being taken aback that there was zero education about the wallet and our finances. I was in this extremely cozy, safe cocoon with a clear life plan.

Persons: von Tobel, Morgan Stanley, Von Tobel, Von, hadn't, would've Organizations: CNBC, Harvard Business School, Northwestern Mutual, Harvard, Alexa Locations: New York, America

☆ CEO shares the 2 strategies he uses to prevent a toxic workplace: Embracing ‘honest feedback’ and 'celebrating failure'
▼ + stars: | 2023-07-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Nucci co-founded Guru, a 150-employee Philadelphia-based enterprise software startup, in 2013. He'd launched a startup before — a cloud software startup called Boomi, which was acquired by Dell in 2010 and then sold for $4 billion in 2021 — but he'd never been a CEO. He quickly realized that his words "carried a certain weight" as everyone's boss, he says. In a sense, Nucci discouraged a specific kind of toxic atmosphere, where rampant aggressive criticism results in downtrodden employees. By doing so, he put Guru on a path to a different type of toxic workplace, he says — where a lack of honest and clear communication could lead to languishing projects and frustrations boiling over.

Persons: Rick Nucci, Nucci, He'd, he'd, Guru Organizations: Dell, CNBC, Workers Locations: Philadelphia

☆ Mark Cuban says his 13-year-old son is a 'little mini-me,' selling candy at school: 'He's hustling'
▼ + stars: | 2023-07-21 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Mark Cuban believes he became a billionaire because he's been hustling and selling since childhood. Cuban recently bragged about his 13-year-old son Jake's side hustle selling candy at school on an episode of comedian Kevin Hart's Peacock talk show "Hart to Heart." "He's hustling and selling stuff all of the time," Cuban said in the interview, adding that Jake is tracking and organizing his efforts, too. "He shows me his spreadsheet because he's buying candy and selling it at school," Cuban told Hart, chuckling. Hart noted that Cuban must have been "mind-blown" to see his son taking a candy side hustle so seriously.

Persons: Mark Cuban, he's, Cuban, Kevin Hart's Peacock, Hart, Jake, wouldn't, Cuban's Organizations: Dallas Mavericks, Cuban

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow I turned my love of 'real fruit' ice cream into $650K in salesIn 2021, Nico Vergara sank all the money he earned playing the stock market and working in the service industry into an ice cream cart. He planned to sell a special kind of ice cream blended with real fruit and open a shop in his hometown of Portland, Oregon. Now, Nico's Ice Cream has two brick-and-mortar locations in Portland, helping Vergara also open a restaurant, Nico's Cantina. At the age of 23, he's bringing in $650,000 in annual sales from all of his ventures.

Persons: Nico Vergara, Vergara Locations: Portland , Oregon, Portland

Today, Nico's Ice Cream includes two brick-and-mortar locations in Portland and pints sold in about 60 grocery stores across Oregon and Washington. Within a year, one ice cream cart became two brick-and-mortar locations, a Mexican restaurant and a cafe that closed almost as quickly as it opened. Most of that revenue — $473,000 — came solely from Nico's Ice Cream. One piece of equipment was particularly important: the ice cream blender, made by a Hope, New Zealand-based company called Little Jem. Vergara, working at one of his two Nico's Ice Cream locations.

Persons: Nico Vergara, Vergara, he'd, Jem Organizations: Zealand, CNBC, Cream, Apple Locations: New Zealand, Portland , Oregon, Portland, Oregon, Washington, Mexican, Zealand, Hope , New Zealand

☆ 23-year-old's food businesses bring in $650,000 a year: 'I’m a brown kid with tattoos and no college education, and I’m doing it'
▼ + stars: | 2023-06-02 | by ( Ashton Jackson Tom Huddleston Jr. Zachary Green | Ashton Jackson | Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

[Editor's note: This story has been updated to reflect that Nico Vergara worked at Zeds Real Fruit Ice Cream before launching his business. And it all started with a small New Zealand-style "real fruit" ice cream cart in Portland, Oregon. Vergara helped manage a business, Zed's Real Fruit Ice Cream, that used the machine before starting his own in 2021. Most of that revenue — $473,000 — came solely from Nico's Ice Cream. One piece of equipment was particularly important: the ice cream blender, made by a Hope, New Zealand-based company called Little Jem.

Persons: Nico Vergara, Vergara, he'd, Jem Organizations: CNBC, Cream, Apple Locations: New Zealand, Portland , Oregon, Portland, Oregon, Washington, Mexican, Zealand, Hope , New Zealand

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