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☆ OpenAI chair Bret Taylor talks AI agents, regulation and the tech's current boom
▼ + stars: | 2024-10-10 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Bret Taylor, board chairman of OpenAI, joined CNBC's Squawk on the Street Thursday to discuss his artificial intelligence startup Sierra. Taylor co-founded Sierra in March of 2023, and it aims to help companies build AI agents that can interface directly with their customers. AI agents vary in their complexity, but they can generally help users answer questions, automate processes and perform specific tasks, according to the company's website. Sierra is already valued at around $4 billion, and Taylor said he is excited to build an "enduring company." Taylor joined OpenAI's board after the company's CEO Sam Altman was briefly ousted last fall.

Persons: Bret Taylor, CNBC's Squawk, Taylor, We're, Sam Altman, Mira Murati Organizations: OpenAI, Sierra, Google, Big Tech Locations: Silicon, U.S

☆ CNBC Sport: Shams Charania on joining ESPN and life after Woj
▼ + stars: | 2024-10-10 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.

Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern

☆ Why The New York Times' lawyers are inspecting OpenAI's code in a secretive room
▼ + stars: | 2024-10-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Lawyers for The New York Times are poring through ChatGPT's source code and training material. It is there to be inspected by lawyers for The New York Times. The Times' lawyers can share their notes with up to five outside consultants to help them understand what the code does. That text includes stories from The New York Times, articles from other publications, and an untold number of copyrighted books. OpenAI similarly used high-quality, well-researched, well-written, and fact-based New York Times articles to make ChatGPT so impressive, the Times argues.

Persons: morass, —, Sam Altman, Susman Godfrey, Mother Jones, George RR Martin, Jodi Picoult, Nehisi Coates, Kristelia García, Axel Springer, García, OpenAI, Justin Nelson, Godfrey, Nelson, Daniel Ek, Sean Parker, Matthew Sag, poring, Christa Laser Organizations: The New York Times, Service, Times, Publishers, Fox News, The New York Daily News, Georgetown University Law, Business, New York Times, Microsoft, Napster, Anthropic, OpenAI, Spotify, Emory University, America, Cleveland State University Locations: United States, Manhattan

☆ Inside ESPN's 3-part plan to jump-start its lagging podcast business
▼ + stars: | 2024-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"We have a lot of work to do on podcasting," Burke Magnus, ESPN's president of content, said in a recent interview with Business Insider. Cowherd now works with Golden State Warriors star Draymond Green and — ironically — current ESPN personality Shannon Sharpe. Sharpe isn't the only ESPN star with a podcast that's not affiliated with ESPN. Related storiesESPN's 3-part turnaround plan for podcastsIn Magnus' mind, there are three main ways ESPN can make its podcast business more successful. Advertisement"If we rope all three of those things together, I think we can have a meaningful podcasting business in the not-too-distant future," Magnus said.

Persons: Burke Magnus, —, who've, ESPN's, Magnus, Bill Simmons, Colin Cowherd, Cowherd, Draymond, Shannon Sharpe, Sharpe isn't, Stephen A, Smith — who's, Shams Charania, Charania, he'll, Zach Lowe Organizations: ESPN, Service, Business, ESPN Radio, Spotify, Fox Sports, Golden State Warriors, NBA Locations: ESPN's

☆ GM ditching 'Ultium' name for batteries and tech amid EV changes
▼ + stars: | 2024-10-09 | by ( Michael Wayland | ) www.nbcnews.com time to read: +4 min

Aside from EVs, GM touted its lowering capital costs and the company’s flexibility to produce both traditional vehicles with internal combustion engines and EVs. Shares of GM were roughly level aside from a roughly 3% increase during the beginning of the event. The change to Ultium comes after GM spent billions of dollars to develop in-house “Ultium” batteries and technologies that the automaker previously touted as “revolutionary” and the ultimate technologies to be able to build a profitable EV business. The company said the batteries and the technologies will remain, but the name “Ultium” will not, other than production operations such as its “Ultium Cells” joint venture plants with LG Energy Solution. GM has been rethinking its EV battery strategy amid changing market conditions and an influx of new, outside executives, including Tesla veterans JP Clausen, who now leads GM manufacturing, and Kurt Kelty, GM’s vice president of battery.

Persons: GM, EVs, Ultium, ”, JP Clausen, Kurt Kelty, Mary Barra, ” Kelty, Rory Harvey, “, Orion Organizations: DETROIT, Detroit automaker, GM, LG Energy, Tesla, LG, South Korea’s Samsung SDI, CNBC, Orion Locations: North America, Orion Township , Michigan, U.S, Detroit

☆ As AI innovation takes hold, business leaders need to think cross-functionally and keep learning, says Maggie Hulce, Indeed's chief revenue officer
▼ + stars: | 2024-10-09 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Maggie Hulce is Indeed's chief revenue officer and a member of BI's Workforce Innovation board. Cross-functional understanding, Hulce said, is an essential skill for today's C-suite as executives navigate the innovation juggernaut of artificial intelligence. How are you and other business leaders driving AI adoption in companies? You can have lots of different functional leaders who grew up in and have expertise in their function — but when you're solving customer problems, you're solving operational problems. These are customer problems, end to end.

Persons: Maggie Hulce, —, Hulce, Chris Hyams, it's Organizations: Service, Business, Pathfinder, Companies, Technology

☆ Boeing's negotiations with union leaders break down 2 days after restarting
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday. AdvertisementTalks between Boeing and union leaders have broken down two days after restarting. The first offer of a 25% pay rise was overwhelmingly rejected, while the union criticized Boeing for sending its second offer to the media and not negotiating with union leaders. "The company was hell-bent on standing on the non-negotiated offer," the union negotiating committee for IAM District 751 said on Tuesday. The IAM District 751 negotiating committee also said it "remains ready to continue mediated or direct talks."

Persons: —, Stephanie Pope, Pope, Ron Epstein, Jon Ostrower, Kelly Ortberg Organizations: Boeing, Bank of America, Service, International Association of Machinists, Aerospace Workers, IAM, The, Alaska Airlines Locations: Seattle, Pacific

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

☆ Shari Redstone says CBS leaders made ‘bad mistake’ with handling of Ta-Nehisi Coates interview fallout
▼ + stars: | 2024-10-09 | by ( Hadas Gold | Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Shari Redstone, the chair of CBS parent company Paramount Global, said Wednesday that CBS leadership made a “bad mistake” with their handling of “CBS Mornings” co-host Tony Dokoupil’s contentious interview last week with author Ta-Nehisi Coates. In stark opposition to what CBS editorial leadership told staff on Monday, Redstone said she did not think Dokoupil had violated the network’s editorial standards when he grilled Coates over the content of his new book. I think he handled himself and showed the world and modeled what civil discourse is. On Wednesday, Redstone said the network’s executives made a “bad mistake” in how they handled the ensuing controversy over the interview. Several correspondents and producers had expressed concern with Dokoupil’s conduct in numerous instances, beyond the Coates interview.

Persons: Shari Redstone, Tony Dokoupil’s, Nehisi Coates, Redstone, Dokoupil, Coates, Tony, ” Redstone, ”, “, ” Dokoupil, “ I’ve, I’ve, Wendy McMahon, Adrienne Roark Organizations: New, New York CNN, CBS, Paramount Global, ” CBS, CNN Locations: New York, Dokoupil, Israel

☆ Dell's sudden 5-day return-to-office order leaves parents scrambling to find childcare
▼ + stars: | 2024-10-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

Attendance was tracked, but the system was flexible in practice, and many ended up leaving at lunchtime, Dell workers told Business Insider. Some parents and other caregivers on the sales team told BI that the lack of notice sparked panic. Two other parents at Dell told BI they were facing the same issue finding day care. Workers told BI that Dell's Round Rock HQ has been busy since the company introduced a 5-day RTO for the sales team. Brandon Bell / GettyTwo parents from the sales team told BI that managers were trying to be lenient where they could.

Persons: Dell, they've, —, they'd, Bill Scannell, John Byrne, Scannell, Byrne, Michael Dell, Brandon Bell, Nick Bloom, wouldn't, Johnny C, Taylor, it's Organizations: Dell, Business, Service, Global, BI, Workers, Stanford, Society for Human Resource Management

☆ 4 trends to watch this bank earnings season
▼ + stars: | 2024-10-09 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Expect lots of questions about how lower rates will affect business going forward. JPMorgan and Wells Fargo will kick off earnings on Friday, followed by Goldman Sachs, Citi, and Bank of America on Tuesday. Related storiesHere are the top four things to look for this bank earnings season. AdvertisementGoldman Sachs CEO David Solomon described a "more challenging macro environment, particularly in the month of August," and said the bank's trading business was "trending down close to 10%." In good news, the compensation expert Johnson Associates sees bonuses up this year across the board, an analysis that's reflected in part of Wall Street's earnings results so far this year.

Persons: Wells Fargo, —, Daniel Pinto, Wells, Goldman Sachs, Morgan Stanley, What's, David Solomon, Solomon, Pinto, Banks, Johnson Organizations: JPMorgan, Service, JPMorgan Chase, Federal Reserve, Citi, Bank of America, Investment, LSEG, Renaissance, Barclays Financial Services Conference, Lending, Fed, Wall, Barclays

☆ Here's what investors need to know after GM's capital markets day
▼ + stars: | 2024-10-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

GM's investor day showcased many of the company's current achievements, but did not provide much insight on strategy," Bernstein analyst Daniel Roeska wrote Wednesday in an investor note. "GM's Investor Day yesterday didn't provide much in the way of sharp shifts in strategy. Through the first half of 2024, GM earned $8.3 billion in EBIT-adjusted and generated $6.4 billion in adjusted automotive free cash flow. GM's 2024 financial guidance includes anticipated capital spending of between $10.5 billion and $11.5 billion. GM's operations in China have experienced a decade-long slide in earnings, and executives said they are discussing restructuring options with their China-based partners.

Persons: Rebecca Cook, Mary Barra, Mark Reuss, Stellantis, Bernstein, Daniel Roeska, Dan Levy, John Murphy, Levy, Paul Jacobson, Jacobson, GM's, we're, Barra, Ultium, Kurt Kelty, " Jacobson, Reuss, that's, you'll, Tesla's Organizations: General Motors, Reuters DETROIT —, GM, Ford Motor, Ford, Barclays, BofA Securities, Wall Street, EV tailwinds, North America, LG Energy, ICE, GMC, China Locations: Detroit, Spring Hill , Tennessee, North, Cruise, China

☆ Why the interest-rate cut isn't delivering the relief consumers were hoping for
▼ + stars: | 2024-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we got our first interest-rate cut, but it doesn't feel like it for many consumers . We finally got an interest-rate cut, but borrowing costs are still high. First off, last month's interest-rate cut wasn't going to provide immediate relief. Yes, the average 30-year fixed mortgage rate has gone up 47 basis points since the Fed cut rates , writes BI's Matthew Fox. So the Fed cut rates but borrowing costs went up?

Persons: —, Milton, Alyssa Powell, isn't materializing, Jennifer Sor, Let's, BI's Matthew Fox, I'm, It's, BI's James Rodriguez, who's, Warren Faidley, Hurricane Milton, Hindenburg, Chelsea Jia Feng, Vinod Khosla, OpenAI, Mark Zuckerbergs, Gen Zers, haven't, Rebecca Zisser, Elon Musk's, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Gas, Hindenburg, Tech, DOJ, Google, Walt Disney World, Hurricane Milton, Federal Reserve, Fed, Treasury, Hurricane, Energy, Futures, Bank of America, Disney Locations: Florida, Warren, Tampa, Chelsea, Robotaxi, Hurricane, New York, London

☆ Why $3 billion Crestline Summit believes it's different from the 'indentured servitude model' of its multimanager rivals
▼ + stars: | 2024-10-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

For others, such as the $3 billion hedge-fund platform Crestline Summit, it is a part of their expansion plans. One such manager is former Citadel PM Josh White, who started trading at his London-based Regents Gate earlier this year with capital from Crestline. Advertisement"Some of our competitors are kind of an indentured servitude model," said Scott Nelson, who runs the client partnership group. The brand the firm is trying to push externally is that they are "capital partners, not capital providers," Nelson said. AdvertisementA person familiar with the manager's flagship strategy said Crestline was up nearly 12% in 2023, besting funds such as Point72 and Millennium.

Persons: —, Caroline Cooley, Crestline, we're, ExodusPoint, Michael Gelband, Neilson Arbour, multimanagers, Arbour, Cooley, Josh White, Scott Nelson, Nelson Organizations: Service, of, Crestline Summit, Texas, Citadel Locations: Texas, The Texas, of Texas, New York, London, Crestline

☆ Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order
▼ + stars: | 2024-10-09 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +18 min

For Selva, leading the Transformation is unlike any test he has faced in his three-decade career at Citi. To do so, he has to solve for Citi's decades of underinvestment in its infrastructure, which affects every business line of the bank. Under Selva, Citi was the No. Related stories"The challenge with the Transformation role is you are accountable yet not responsible," the managing director in the Transformation said. Courtesy of CitiBringing in Ryan, the bank's head of technology and business enablement, to help the bank catch up makes sense.

Persons: Jane Fraser, Anand Selva, Selva, Sen, Elizabeth Warren, We've, Fraser, Gonzalo Luchetti, Luchetti, Kathleen Martin, Martin, Mike Mayo, Tim Ryan, Mayo, Vernon Yuen, Adora Tidalgo, Anand, Jim O'Donnell, Win McNamee, Andy Sieg, Tidalgo, Phil Waxelbaum, Jeffrey Warren, Ryan, Warren, Ashutosh Nawani, Japan Mehta, Mehta, Nawani, Tom Williams, Timothy Coffey, Janney Montgomery Scott, they've, Stephen Biggar Organizations: Citigroup, Citi, Federal Reserve, Currency, OCC, Business, underperformance, BI, Citi ., Coimbatore Institute of Technology, Madurai Kamaraj University, Asia Pacific, divesting, Employees, Merrill Wealth Management, PricewaterhouseCoopers, Russell Reynolds Associates, Securities, Exchange Commission, Bloomberg, Getty, Argus Research Locations: Selva, Chennai, India, Asia, who's, Wells, Madurai, Coimbatore, China, Singapore, New York, Fraser, Europe, Ryan

☆ One of Amazon's top AI executives is out
▼ + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Matt Wood, the vice president of AI at Amazon Web Services, is leaving after 15 years. Wood's departure comes amid fierce AI competition from Microsoft, Google, and OpenAI. AdvertisementMatt Wood, the vice president of artificial intelligence at Amazon Web Services, is leaving. He worked on AWS's machine-learning and AI technology, laying some of the groundwork for the company's latest growth initiatives. Related storiesIt's also the latest exit amid AWS's notable executive turnover in recent years.

Persons: Matt Wood, —, Wood, he's, didn't, It's, Adam Selipsky, Matt Garman, Richard Puccio, Rachel Thornton, Chris Vonderhaar Organizations: Amazon Web, Microsoft, Google, AWS, Service Locations: Amazon

☆ Spotify's HR chief says the company won't be following Amazon and others in return-to-office trend
▼ + stars: | 2024-10-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Spotify's HR chief told Raconteur that the company will maintain its work-from-anywhere policy. AdvertisementAmazon might be ordering employees back to the office 5 days a week, but don't expect Spotify to follow suit. Spotify's latest reaffirmation of its WFA policy bucks the current trend of companies pushing to get employees in the office more days a week. Many executives and leaders have attributed their RTO mandates to increased productivity and collaboration when employees work together in the office. "Over time, this drawback could dramatically undermine the character and culture you want to promote in your company," Dimon added.

Persons: Raconteur, —, Katarina Berg, Berg, Fortune, Goldman Sachs, Mark Zuckerberg, Jamie Dimon, Dimon, Andy Jassy Organizations: Spotify, Service, WFA, Stockholm School of Economics, JPMorgan, Meta, Amazon . Workers, Disney

☆ Pepsi sales slide as snack and drink demand sags
▼ + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.nbcnews.com time to read: +2 min

For 2024, Pepsi now expects a low-single-digit rise in organic revenue, down from its prior outlook of 4% growth. Pepsi reported third-quarter net income attributable to the company of $2.93 billion, or $2.13 per share, down from $3.09 billion, or $2.24 per share, a year earlier. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.

Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita, ” Organizations: PepsiCo, Quaker Foods North America, Pepsi, Quaker Foods, Lay, ” Pepsi, Pepsi’s, Brands, Gatorade Locations: U.S, Quaker Foods North, America, Africa, Middle East, South Asia

☆ In the past week, 4 of Elon's direct reports have announced they are leaving Tesla
▼ + stars: | 2024-10-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Multiple Tesla executives announced they are leaving or have left over the past week. AdvertisementTesla has been shedding executives ahead of its Robotaxi event, with four of Elon Musk's direct reports saying they'd left the company over the past week. Tesla's director of public policy and business development Jos Dings announced on LinkedIn that he was leaving the company on October 1. On October 6, global vehicle automation and safety policy lead Marc Van Impe also announced on LinkedIn he had left Tesla. In total, Musk has lost eight of his direct reports at Tesla over the past year.

Persons: —, Tesla, Elon Musk's, they'd, Nagesh Saldi, Bloomberg, Jos Dings, Marc Van Impe, Van Impe, Rohan Patel, Dings, David Zhang, hadn't, Daniel Ho, Musk, Drew Baglino, Rebecca Tinucci, Supercharging, Elon Organizations: Tesla, Service, Business, LinkedIn, SpaceX, Tesla's, Warner Bros Locations: Burbank , California

☆ GM ditching 'Ultium' name for batteries, tech amid EV changes
▼ + stars: | 2024-10-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. DETROIT — General Motors will drop the name "Ultium" for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and battery operations. The Detroit automaker confirmed the switch Tuesday ahead of an investor event in which GM is expected to discuss the change. The change comes after GM spent billions of dollars to develop in-house "Ultium" batteries and technologies that the automaker previously touted as "revolutionary" and the ultimate technologies to be able to build a profitable EV business. The company said the batteries and the technologies will remain, but the name "Ultium" will not other than production operations such as its "Ultium Cells" joint venture plants with LG Energy Solution.

Persons: EVs, JP Clausen, Kurt Kelty Organizations: Motors, Tech Center, DETROIT —, Detroit automaker, GM, LG Energy, Tesla Locations: Warren , Michigan, DETROIT, North America

The company previously launched an "Uber Green," service which has historically included a mix of battery electric vehicles, and hybrid electric models. Now, Uber can offer battery electric vehicles as the sole "green" option in more than 40 cities globally, executives said at Uber's annual Go Get Zero sustainability conference in London on Tuesday. "We need more affordable EVs, we need stronger EV mandates, we need incentives for people who are driving the most. For drivers, Uber said it is rolling out an "EV Mentor" program, which connects drivers for any questions about electric mobility. The deal will give Uber drivers the ability to access Octopus' "Intelligent Go" tariff to help them with EV charging costs.

Persons: Dara Khosrowshahi, Uber, Khosrowshahi, OpenAI's ChatGPT, Suvrat Dhanorkar, Gordon Burtch, it's, BYD, Rebecca Tinucci, Tinucci Organizations: Transportation, Clean Transportation, Transportation Science, Los Angeles, Organization for Economic Co, Development, Octopus Energy, EV, Uber Locations: London, New York City, Los, Paris, France

☆ PepsiCo trims revenue outlook as North American snacking, key international markets lag
▼ + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. Shares of the company fell 1% in premarket trading. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.

Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita Organizations: Pepsi, PepsiCo, Quaker Foods North America, LSEG, Quaker Foods, Lay, Pepsi's, Brands, Gatorade Locations: Maryland, United States, U.S, Quaker Foods North, America, Africa, Middle East, South Asia

☆ PepsiCo is giving shoppers a break on chips after years of snackflation
▼ + stars: | 2024-10-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

PepsiCo is selling bigger packs of chips to win over inflation-weary shoppers. It's the latest sign that shoppers are getting some relief after years of rising food prices. PepsiCo is adding more chips in packs without raising prices, company executives said during an earnings call on Tuesday. PepsiCo is also adding two or three extra bags of chips to variety packs, which typically contain around a dozen small bags of chips, he said. Executives at PepsiCo, one of the world's largest snack and beverage makers, had indicated in July that relief from higher snack prices was on the way.

Persons: —, There's, Ramon Laguarta, Laguarta, Sen, Elizabeth Warren, Madeleine Dean, Mills, Warren, Dean, Kamala Harris Organizations: PepsiCo, Service, snackers, Frito, Lay Locations: America

☆ Techies, salespeople, and industry execs arrive in Las Vegas for the Mobile World Congress trade show
▼ + stars: | 2024-10-08 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Mobile World Congress, a mobile communications trade show, is coming to Las Vegas this week. Techies, salespeople, and industry executives are arriving in Nevada this week for MWC Las Vegas, which kicks off today. The annual mobile-communications trade show brings more than 250 exhibitors, sponsors, and partners to the Las Vegas Convention Center in Sin City from Tuesday to Thursday. 5G technology is on track to add $210 billion in GDP to the North American economy by 2030, GSMA's "Mobile Economy North America" report said. The trade show in Vegas comes more than seven months after Mobile World Congress Barcelona, which is also hosted by GSMA.

Persons: —, Lara Dewar, GSMA, Dewar, Booz Allen, Ulf Ewaldsson, Nvidia's, Ronnie Vasishta, Shankar Arumugavelu, Randi Zuckerberg, Hug, Mark Zuckerberg's Organizations: Mobile, Las, Service, MWC Las Vegas, Nvidia, Salesforce, Las Vegas Convention, MWC, Vegas, Enterprise, GSMA Intelligence, Verizon, Qualcomm, Cisco, Microsoft, Samsung, Apple, Apple Intelligence, Google, MWC Americas, Congress Barcelona, GSMA, Motorola, Lenovo, Verizon Global Services, Department of, Air Force's Locations: Las Vegas, Nevada, Sin City, North, America, Vegas, Venice

☆ Melania Trump says she was 'taken aback' by a meeting with Big Tech executives
▼ + stars: | 2024-10-08 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Trump writes in her memoir that tech leaders disappointed her during her anti-bullying campaign. AdvertisementThough former President Donald Trump is more well-known for sparring with tech leaders than his wife, former First Lady Melania Trump took a shot at industry executives in her new memoir, "Melania." Trump took on fewer political causes than most first ladies, but did launch an anti-bullying campaign dubbed "Be Best." Advertisement"I was taken aback by the resistance I encountered from the tech executives. Donald Trump recently furthered his schism with some Big Tech leaders — earlier this summer, he railed against Meta and Google for perceived censorship.

Persons: Trump, Donald Trump, Mark Zuckerberg, —, Melania Trump, Brad Smith, Satya Nadella, Elon, Kamala Harris Organizations: Facebook, Twitter, Google, Service, White, Xbox, Big Tech, Meta, Trump Locations: execs, cyberbullying, Silicon

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