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☆ Billionaire Marc Andreessen says he's teaching his 8-year-old son ChatGPT: 'This is like the most important thing I've done as a father'
▼ + stars: | 2023-07-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Billionaire investor Marc Andreessen said he introduced his 8-year-old son to ChatGPT shortly after the AI chatbot made headlines late last year. the Andreessen Horowitz cofounder told Joe Rogan of the first time he introduced his son to ChatGPT. Andreessen said his son told him. that my 8-year-old is gonna have by the time he's 20, it's gonna have had 12 years of experience with him," he told Rogan. He told Rogan he believes people typically frame new technology around the potential dangers it presents instead of its advantages.

Persons: Marc Andreessen, Andreessen, ChatGPT, Andreessen Horowitz, Joe Rogan, Horowitz, I've, it's, Rogan, It'll, OpenAI

☆ Investors look beyond Turkey rate hike disappointment, for now
▼ + stars: | 2023-07-21 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +4 min

"There is a huge gap between rates and inflation, but investors still have faith in this policy shift," Peach said. "They will tolerate a gradual tightening cycle if the key rate rises towards 30% at the end of the year." International bonds are still widely held by foreign investors, though much less so the domestic ones exposed to the lira currency's wild swings. BETTER BUFFERSRising central bank reserves are another positive sign. JPMorgan raised its inflation outlook for Turkey after the rate hike, now expecting year-end inflation at 57% versus 50% previously.

Persons: Hafize Gaye Erkan, Tayyip Erdogan, Nick Eisinger, Liam Peach, Peach, Paul McNamara, Emre Akcakmak, It's, Cagri Kutman, Jorgelina, Karin Strohecker, John Stonestreet Organizations: LONDON, Vanguard, Capital Economics, GAM Investments, Net, East Capital, JPMorgan, United Arab, KNG Securities, Thomson Locations: Turkey, London, United Arab Emirates, Rosario

☆ This classic recession signal has been flashing red, but Goldman Sachs is unfazed
▼ + stars: | 2023-07-18 | by ( ) www.businessinsider.com time to read: +2 min

The US Treasury curve has been inverted for quite a while now – but Goldman Sachs says things are different this time. But it's different this time, according to Goldman Sachs. The US Treasury yield curve has remained inverted for a year now, fueling fervent predictions for a recession. Breaking with consensus, Goldman Sachs chief economist Jan Hatzius said in a note Monday, per Bloomberg: "We don't share the widespread concern about yield curve inversion." "So the argument that the inverted curve validates the consensus forecast of a recession is circular, to say the least," he said in the note, according to Bloomberg.

Persons: Goldman Sachs, Jan Hatzius, Hatzius Organizations: Treasury, US Treasury, Bloomberg, Business

☆ The 'Barbie' movie could boost Mattel's stock prices and increase the price of old dolls in your closet, but avid Barbie collectors couldn't care less
▼ + stars: | 2023-07-15 | by ( Colette Fountain | ) www.businessinsider.com time to read: +9 min

Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.

Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland

☆ Meta's VP of Metaverse says 'the metaverse hype is dead,' but that's OK
▼ + stars: | 2023-07-13 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Meta's VP of Metaverse said the hype cycle for the metaverse is dead, but that's okay. The metaverse team can "put their heads down and build" the experiences, Vishal Shah told Fortune. "I think the metaverse hype is dead. People access Meta's metaverse apps through the company's Quest lineup of headsets, but Apple recently announced the $3,499 Vision Pro headset. Interestingly enough, Apple is avoiding the term metaverse in favor of "spatial computing."

Persons: Metaverse, Vishal Shah, Fortune, Shah, Mark Zuckerberg's, Mark Zuckerberg, NOAH BERGER, Zuckerberg, Kali Hays, Ashley Stewart, Meta, Tim Cook, Greg Joswiak, Andrew, Boz, Bosworth Organizations: Morning, Tech, Facebook, Meta, Getty Images, Anadolu Agency, Getty, The Washington Post, Apple, Wall Street Journal Locations: Utah, Menlo

☆ US Open: Rickie Fowler's agonizing finish sees Wyndham Clark take share of the lead into final round
▼ + stars: | 2023-06-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Rickie Fowler led the US Open by two shots heading into the last hole of his third round. Clark continued to dazzle on his first ever US Open weekend, rebounding superbly after back-to-back bogeys at the 11th and 12th holes threatened to send him sliding. “I felt like I handled all of it really well,” Clark said. ET tomorrow, but will have to hold off the chase of seasoned winner Rory McIlroy to achieve their major aspirations. With reigning champion Matt Fitzpatrick nine shots back from Clark and Fowler, a title defense looks unlikely, as does a second consecutive major for Brooks Koepka.

Persons: Rickie Fowler, Wyndham Clark, “ Bummer, ”, Fowler, Clark, “, ” Clark, Ezra Shaw, McIlroy, Rory McIlroy, Harry, ” McIlroy, Scottie Scheffler, Scheffler, Schauffele, Harris, Dustin Johnson, Xander Schauffele, Richard Heathcote, Matt Fitzpatrick, Brooks Koepka Organizations: CNN, agonizingly, Los Angeles Country Club, Getty, Northern, U.S, Fitzpatrick Locations: Clark

☆ Tucker Carlson is super screwed now because Fox News could sue him for big bucks over his new Twitter show and win, employment lawyer says
▼ + stars: | 2023-06-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Fox News would likely prevail in a lawsuit against Carlson, says employment lawyer Peter Rahbar. Fox News earlier sent a cease-and-desist letter to Carlson over his new Twitter show, per Axios. Tucker Carlson has defied Fox News' cease-and-desist letter, an attempt to block him from hosting more episodes of his new Twitter show. As part of his contract, Fox News has exclusive access to Carlson's content, effectively barring him from appearing on other platforms until the end of 2024. "Tucker's contract is likely very similar to the ones Fox has entered into with all their talent," said Rahbar.

Persons: Carlson, Peter Rahbar, Tucker Carlson, Tucker, Rahbar, Axios Organizations: Fox, Fox News, Twitter, Dominion Voting Systems

☆ 'What is there to be afraid of?' Ukrainians in frontline town hopeful about counteroffensive
▼ + stars: | 2023-06-10 | by ( Vasco Cotovio Frederik Pleitgen William Bonnett Darya Tarasova | Vasco Cotovio | Frederik Pleitgen | ) edition.cnn.com time to read: +6 min

The town in the Zaporizhzhia region sits just five kilometers away from a frontline where Ukrainian forces have been making a recent push. “The town is shelled every 24 hours.”And with the Zaporizhzhia frontline becoming more active because of an anticipated Ukrainian counteroffensive, aid deliveries may become more rare. CNN has been able to geolocate the videos to the Zaporizhzhia region but is unable to verify when they were shot. And nothing happens around town without them being well aware of it, even if that is a top-secret Ukrainian counteroffensive. She straps the food box to the back of her bike and – just before she cycles away – Ukrainian forces somewhere outside of town are heard firing a shell towards Russian positions.

Persons: “, Olga Shumska, unfazed, I’m, ” Shumska, Vasco Cotovio, CNN “, Nina Sokol, we’ll, they’re, Vitaliy Kubushka, you’d, ” Sokol, ” Organizations: Southern, Southern Ukraine CNN, CNN, Sokol, Global Empowerment, Howard Buffet Foundation, Ukraine, Ukrainian, Journalists, Ministry of Defense Locations: Southern Ukraine, Orikhiv, Zaporizhzhia, Zapoprizhzhia, Ukrainian, Moscow, Kyiv, Shumska, Ukraine

☆ It Was Banned for Decades. Now the Miami Heat May Use It to Win a Title.
▼ + stars: | 2023-06-09 | by ( Scott Cacciola | ) www.nytimes.com time to read: +1 min

Murray, the Nuggets’ point guard, missed a 3-point attempt from the left corner, and the Heat raced away for a game-tying bucket. Murray and Jokic both finished with triple-doubles for Denver, which, for one game, at least, was largely unfazed by Miami’s shape-shifting defense. “We didn’t offer much resistance,” said Heat Coach Erik Spoelstra, who bemoaned his team’s lack of effort but considered it an anomaly. He added: “I think the thing that we’ve proven over and over and over is we can win and find different ways to win.”And one of those ways is with their zone defense. So, in an effort to slow the pace of play and compensate for their lack of size, the Heat are occasionally abandoning their man-to-man defense by mixing in some zone.

Persons: Murray, Miami . Murray, Jokic, ”, Erik Spoelstra Organizations: Nuggets, Heat, Denver Locations: Miami .

☆ Cathie Wood hikes her Coinbase stake by more than $20 million during SEC-fueled plunge
▼ + stars: | 2023-06-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood added to her Coinbase holding Tuesday, unfazed by the Securities and Exchange Commission's charges against the crypto exchange. Wood snapped up 329,773 shares of Coinbase for her flagship ARK Innovation ETF in the previous session when the stock tumbled more than 12%. She also added 53,885 shares for ARK Next Generation Internet ETF as well as another 35,666 shares for Ark Fintech Innovation ETF. The crypto exchange is now ARKK's sixth biggest holding with a 5.35% weighting. Wood has been sticking with her bold call on bitcoin despite the regulatory crackdown in the crypto industry.

Persons: Wood, Coinbase, Binance, Changpeng Zhao Organizations: Securities, Exchange, Fintech, SEC, ARK Invest Locations: unfazed, Coinbase, New York

Kherson, Ukraine CNN —Nadejda Chernishova breathes a sigh of relief as she steps off a rubber dinghy, moments after being rescued from her flooded home in Kherson. Nadejda Chernishova, 65, said water levels rose too fast for her to leave her home on her own. Planet Labs PBC/ReutersIn a frontline city like Kherson — where the shelling is constant — the rising water brings an added danger. The large presence of soldiers and first responders contrasts with the very few number of Kherson residents out on the streets. Both sides have been severely impacted by the collapse — even more so on the Russian side — leaving the terrain in very difficult condition.

Persons: Ukraine CNN —, Chernishova, “ I’m, ”, ” Chernishova, Nadejda Chernishova, I'm, Vasco Cotovio, Oleksandr Prokudin, Prokudin, Nova Kakhovka, ” Prokudin, “, haven’t, ” Produkin, – Organizations: Ukraine CNN, CNN, Planet Labs PBC, Reuters, Artillery, ” Locations: Kherson, Ukraine, “, Dnipro, Russian, ”, Karobel, Nova, Kyiv, Moscow, Kherson —, Russia, ” Kyiv

☆ No job, no problem: For some, a 'funemployment' summer after quitting sounds like a perfect plan
▼ + stars: | 2023-06-06 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

"I want to take a beat and decide how I'm going to live my life," Pena, 37, told Insider. "People now have more freedom to hop in and out of the labor market," she told Insider. Wren Taylor, 35, enjoyed her summer of funemployment last year after being laid off from her corporate marketing job. "Their comments affirmed that I wasn't wasting my time," she told Insider. During job interviews, she said that all she could think about was the freedom she'd lose by going back to a traditional job.

Persons: Suzy Welch, —, Delia Pena, " Pena, Pena, she's, I'm, Gen, funemployment, Randall Peterson, who'd, Wren Taylor Wren Taylor, Julia Pollak, Pollak, Wren Taylor, they'd, I'd, Wren Organizations: NYU, Service, London Business School, ZipRecruiter, Labor Department, Catalina Locations: funemployment

☆ Oil Traders Are Unfazed by Potential OPEC+ Production Cuts
▼ + stars: | 2023-06-01 | by ( Bob Henderson | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/oil-traders-are-unfazed-by-potential-opec-production-cuts-a950e384

Persons: Dow Jones

☆ 2023 NBA Finals: How to watch the Denver Nuggets and the Miami Heat compete for the Larry O’Brien trophy
▼ + stars: | 2023-06-01 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

There’s Nikola Jokić of the Denver Nuggets – the hulking Serbian center who has battled underappreciation and misinterpretation to become one of the league’s greats and a two-time Most Valuable Player. It’s the performances of Jokić and Butler which help to explain why the NBA Finals are being contested by Denver Nuggets and the Miami Heat as the 2022/23 NBA season concludes. Jokić shoots the ball during Game 4 of the Western Conference Finals. Jokić admitted that the celebrations were short-lived after the Western Conference Finals sweep of the Lakers as Denver’s goal is lifting the title. Jokić leaves the floor after the Nuggets beat the Lakers in the Western Conference Finals.

Persons: There’s Nikola Jokić, underappreciation, Jimmy Butler –, Jokić, Butler, Erik Spoelstra, Denver’s Michael Malone, Larry O’Brien, Butler –, LeBron James, Anthony Davis, Kevin Durant, Devin Booker, Adam Pantozzi, Jamal Murray’s, Aaron Gordon, Kentavious Caldwell, Pope –, “ I’m, ” Jokić, AAron Ontiveroz, – Miami, Al Horford, David Butler II, – Butler, ”, “, Pat, Riley, Spoelstra, Nathaniel S, you’ve, I’ve Organizations: CNN, Denver Nuggets, NBA, Miami Heat, Los Angeles Lakers, Western, Nuggets, Boston Celtics, Ball Arena, Games, ABC, Western Conference, Denver, Lakers, Denver Post, Atlanta Hawks, Chicago Bulls, Milwaukee Bucks, Bucks, New York Knicks, Celtics, Eastern, USA, Sports, Reuters, Heat Locations: Serbian, Denver , Colorado, Miami, Denver, Milwaukee Bucks . Miami

“Today our task is training and cleaning the trenches,” a Ukrainian soldier with the call-sign Jenia says. The strikes Podolyak mentions are often referred to as shaping operations – so-called because they aim to ‘shape’ the battlefield – in this case, in Ukraine’s favor. And despite the clear signs that a counteroffensive is coming, Podolyak also refuses to commit to specific dates. Vasco Cotovio/CNNBack on the training grounds, the Offensive Guard’s commander, call sign Kyiv, shares a similar combat philosophy. “We improve our fighting skills in special combat training every day to liberate our lands,” he says.

☆ Sologamy: Why these women married themselves
▼ + stars: | 2023-05-28 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

Its adherents may be on to something, this expert saysThe concept of self-marriage, or sologamy, has been around for years. No data exists on how many people celebrate sologamy with ceremonies, but the practice has been explored in a handful of recent news articles. CNN talked to four women who’ve married themselves. Sologamy is not legally binding in the US and is not recognized by the laws of any country. Fideli’s message to younger women struggling with self-esteem issues: It’s never too late to love yourself.

☆ These Spiders Look Frightening, but They May Be Scaredy-Cats
▼ + stars: | 2023-05-19 | by ( Kate Golembiewski | ) www.nytimes.com time to read: +1 min

Joro spiders are the size of your palm. “If you’re an arachnophobe, they’re the stuff of your nightmares,” said Andy Davis, a biologist at the University of Georgia who studies them. But, Dr. Davis said, joros are “gentle giants” that are prone to shyness and are more inclined to freeze than to fight. By comparison, smaller spiders appeared relatively unfazed, indicating that even big, scary spiders can be scaredy-cats. Joros were first spotted in northeastern Georgia in 2013; Dr. Davis’s best guess is that the spiders’ eggs arrived in shipping containers, because they tended to show up around highways.

☆ Opinion | Learning the Lessons of My Mother’s Unlived Life
▼ + stars: | 2023-05-17 | by ( Elise Loehnen | ) www.nytimes.com time to read: +2 min

One Christmas, home from college, I went to a holiday gathering of families with my parents. After dinner we played a game where husbands answered frank questions on behalf of their wives. When my parents’ turn came, the host asked my father, “How many children did you want when you got married?” My dad, ventriloquizing my mother, snapped, “Zero. My mother went to a now-defunct nursing school, met my doctor dad at the Mayo Clinic and signed up for his dream — an upper-middle-class life out west with horses and kids. Sure, she didn’t want children or large animals, but it was a safe choice, one she could manage.

☆ Bitcoin just hit a 2-month low and posted its worst week of the year. Here's what analysts say happens next.
▼ + stars: | 2023-05-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The largest crypto asset by market cap lost 11.25% for the week, its worst since November, according to Coin Metrics. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. "Bitcoin has switched between the narrative of a risk asset and the narrative of a flight to safety asset. BTC.CM= 5D mountain Bitcoin (BTC) this week For the past few days, bitcoin has ended down to flat. Bitcoin is still up 59% for the year, but down about 7% for the quarter so far, according to Coin Metrics.

☆ How Singapore's giant sovereign wealth fund is investing in generative AI technology
▼ + stars: | 2023-05-09 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

As CEO of GIC, Singapore's sovereign wealth fund, he must keep the country's savings growing ahead of inflation. AI retoolingThe 2 investors were most animated when discussing the recent explosion of generative AI technology, including large language models. Chris Emanuel, head of the Technology Investment Group at GIC, Singapore's sovereign wealth fund GICThere's already a generative AI startup feeding frenzy among venture capital funds. Secondary market actionFinally, GIC is keen on doing more in the secondary market, where private stakes in startups and VC funds change hands. That means general partners, the people running VC funds, already know GIC and are more comfortable dealing with the organization, Lim explained.

☆ Tee-k Tock: The ‘appalling’ slow play controversy riling golf’s biggest stars
▼ + stars: | 2023-05-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Koepka, whose frustrations with slow play lit the touchpaper of a fiery feud with rival Bryson DeChambeau in 2019, made no secret of his grievances. It does become frustrating when you are waiting so long.”1-on-1 with newly minted PGA Tour winner Matt Fitzpatrick 03:48 - Source: CNNFurther complaints came from beyond the confines of the PGA Tour. I was penalized on LPGA for slow play … and it forced me to speed up,” Alvarez said. “It’s not very pleasant to watch somebody stand over the ball for half an hour.”Nicklaus is not a fan of slow play. “We want to keep the focus where it should be: on world-class shot-making.”Solutions: Golf’s shot clock eraSo how do you solve a problem like slow play?

☆ 'Hey Netflix! You broke it — now fix it': On the picket lines with Hollywood writers as they bring signs, slogans, and sunscreen to their fight against the studios for 'as long as it takes'
▼ + stars: | 2023-05-03 | by ( Reed Alexander | Alison Brower | ) www.businessinsider.com time to read: +12 min

A writers' strike has been underway since overnight Monday. Thousands of Hollywood writers have fanned out across the streets of Los Angeles since early Tuesday afternoon, waving signs and chanting to demonstrate their resolve. Insider spoke with eight WGA members who are picketing or contributing to the work stoppage in other ways. Are you a member of the Writers Guild of America or do you work in the entertainment industry? How is the writers' strike impacting you?

May 2 (Reuters) - Starbucks Corp (SBUX.O) beat Wall Street estimates on Tuesday for quarterly profits and comparable sales, powered by a sharp recovery in business in China and steady demand for its coffees and cold drinks in North America. Even so, some analysts expected China sales to remain in the red after tumbling 29% the previous quarter. Instead, the world's largest coffeehouse chain posted a 3% rise in China comparable sales in its second quarter ended April 2, boosting the company's international sales 7%, more than double the 2.94% increase of the average analyst's estimate, according to Refinitiv data. Globally, the Seattle-based chain's comparable sales climbed 11%, trouncing analysts' expectation of a 7.36% rise. Excluding one-time items, Starbucks earned 74 cents per share, beating estimates of 65 cents.

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

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