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☆ OpenAI's power players: Meet the 20 leaders helping shape the future of the AI giant
▼ + stars: | 2024-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

Last November, the sudden ouster of CEO Sam Altman and the resulting revolt by most of its employees cast doubts on the future of the world's most prominent AI company. While by no means a comprehensive list, below are some of the key power players who are helping to determine OpenAI's future. He took over for his former boss, Jason Kwon, who has since become the company's chief strategy officer. She's also been referred to as OpenAI's "minister of truth" for her efforts to ensure the company's AI products aren't deceptive or biased. ResearchJakub Pachocki, Chief ScientistRelated storiesPachocki joined OpenAI's research in 2017 after completing a PhD in computer science at Carnegie Mellon University.

Persons: —, Sam Altman, OpenAI, Sarah Friar, Friar, Goldman Sachs, She's, Jason Kwon, Kwon, Anna Makanju, Global Affairs Chris Lehane, Che Cheng, OpenAI's, Cheng, Mira Murati, Murati, Kevin Weil, Weil, Instagram, Peter Welinder, Peter Deng, Research Jakub Pachocki, Pachocki, Ilya Sutkever, Ilya, Mark Chen, Chen, Bob McGrew, Sam Altman's, Lilian Weng, Weng, Aleksandr Madry, Barret Zoph, John Schulman, Zoph, Alec Radford, Radford, Zico Kolter, Kolter, Paul Nakasone, Bret Taylor, Taylor, He's, Larry Summers, Fidji Simo, Melinda Gates, Nicole Seligman, Adam D'Angelo, Quora, Altman, D'Angelo, Andrea Appella, Haidee Schwartz, Schwartz, Akin Gump, She'll, Heather Whitney, Whitney, Morrison Foerster, Makanju, Sam, Biden, Chris Lehane, Lehane, Clinton Organizations: Service, OpenAI, Business, Microsoft, Apple, Google, Khosla Ventures, Global, Global Affairs, Amazon, supercomputing, Tesla, Meta, Twitter, ChatGPT Enterprise, Research, Carnegie Mellon University, MIT, Facebook, Security, Machine Learning Department, Carnegie Mellon Carnegie Mellon, Stanford, CMU, Safety, Security Committee, US Army, NSA, US Cyber Command, Defense Department, U.S, Melinda Gates Foundation, Global Competition, Netflix, Century Fox, Competition, Federal Trade Commission, New York Times, Harvard Law School, University of Chicago Law School, NYU, Canada, Global Policy, Public Affairs, House, Newsweek Locations: Europe, Washington, OpenAI, Silicon, Middle East, Asia, London, Chan, Airbnb

☆ I spent nearly $3,000 on a Disney vacation. I'm canceling all my plans this month to limit my spending.
▼ + stars: | 2024-09-12 | by ( Frank Olito | ) www.businessinsider.com time to read: +5 min

Read previewI am in the middle of what I'm calling Stay Home September. After my trip, I calculated I spent nearly $3,000 for six days and five nights at the parks — far more than I could afford. AdvertisementFood is my biggest expense and my biggest obstacleEvery month, my biggest expense (beyond my New York City rent) is food. I'm a terrible cook, so I am not looking forward to this change, but I hope this measure will cut my biggest expense in half. I'd rather spend money, have adventurous experiences, and explore new cultures than stay home and count my dollars.

Persons: —, I've, I'm, extrovert, I'd Organizations: Service, Disney, Business Locations: New York City, Costa Rica, Italy, Orlando, Airbnbs

☆ Supersized seed rounds: The earliest stage of the startup market is getting out of control
▼ + stars: | 2024-08-31 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

Read previewThere's been an investor gold rush to find the hottest new startup, causing a new dynamic: larger seed rounds. In some cases, the seed round is getting out of control. Tier one multi-stage firms have decided to allocate more resources to investing at the seed stage, according to several traditional seed investors who Business Insider spoke to. Related storiesMy colleague Sri Muppidi has reported on these supersized seed rounds in AI startups throughout the summer. Other supersized seed rounds this year include a $10.5 million round by Swedish legal AI startup Leya, and Gameplay Galaxy recently announced a $24 million seed round for its Web3 gaming platform.

Persons: —, Greylock, they've, Let's, Sri Muppidi, Ed Sim, whiff, Sim, Sim postured, Shruti Gandhi Organizations: Service, Business, Q2 Venture Monitor, Sequoia, Felicis Ventures, Galaxy, Boldstart Ventures, Khosla Ventures, Canaan Partners, Instacart's, Ventures, Founders Locations: Canaan

☆ Working for Doordash and Grubhub increasingly feels like a 9-5. And that may be bad news for the companies.
▼ + stars: | 2024-08-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Read previewOn weekends, a gig delivery worker in Utah takes out his phone and opens one of three apps to make some extra money as an independent contractor. However, the people doing the work say that things like performance metrics often eat into that flexibility. "It doesn't feel much like I'm on contract," the Utah gig worker told Business Insider. But metrics such as this are just one aspect of delivery gig work that workers say feels like a traditional job. Related storiesFor example, one Chicago delivery worker told BI that he avoids Grubhub due to the app's scheduling feature.

Persons: —, Uber, Grubhub doesn't, Instacart, DoorDash, they're, Grubhub, David Jacobs, Jacobs, there's Organizations: Service, Business, Costco, Walmart, US Department of Labor, Trump, Kogod School of Business, Wall Locations: Utah, Chicago, Seattle

☆ Some Walmart and Walgreens stores are locking up so much stuff that delivery workers are avoiding them
▼ + stars: | 2024-08-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Unlike regular shoppers, delivery workers who pick up orders at stores usually have to shop and deliver their orders on a deadline. Gig delivery workers in most states are paid for each order that they deliver. Spokespeople for Walgreens and CVS previously told BI that the chains started locking up products based on shoplifting trends at specific stores. The shopper told BI that they pressed a button on the shelf to request help from an employee, but no one showed up after several minutes. AdvertisementDo you work for Instacart, DoorDash, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Instacart, Uber Organizations: Service, CVS, Walmart, Business, Retailers, Walgreens, Representatives Locations: An Ohio, Ohio, The Ohio, Nevada, Idaho

☆ I've visited Costco every week for 2 years. Here's what I've learned that's helped me save hundreds of dollars.
▼ + stars: | 2024-08-12 | by ( Kristen Markel | ) www.businessinsider.com time to read: +4 min

These regular visits have given me a unique perspective on the store's operations: I've learned valuable tips that many Costco members might not know, which has helped me save hundreds of dollars. During my many trips, I've learned to look at tags for markdowns — especially in the home goods and electronics sections. Related storiesMembers can sign up to get emails about daily updates on discounts, but the monthly sales emails highlight the best deals. In my opinion, the best sales are in the emails with the month in the subject line, as they provide monthly deals. Mondays are often the best day to shop for dealsMost Costco sales end on Sundays, making Mondays the best day to shop for deals.

Persons: —, I've, markdowns, Kristen Markel, Kristen Markel I've, I'm Organizations: Service, Costco, Business, Shoppers

☆ Locked-up merchandise is turning off shoppers at CVS, Walgreens, and other big drugstores
▼ + stars: | 2024-08-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Read previewDrugstores like CVS, Walgreens, and Rite Aid have long been the spots where you can pick up essentials like a can of soup or some Tylenol in addition to your prescriptions. Another appears to show a Rite Aid store with an even wider selection of locked-up merchandise, including tortilla chips and microwavable ramen. Rite Aid did not immediately respond to a request for comment. She said she even avoids taking orders that involve shopping at one particular Walgreens store due to all the locked-up goods there. Do you work at CVS, Walgreens, Rite Aid, or another drugstore chain and have a story idea to share?

Persons: —, that's, Neil Saunders, Saunders, Duane Reade, Walgreens execs, Tim Wentworth, GlobalData's Saunders, dreuter@businessinsider.com Organizations: Service, Walgreens, Rite, Business, Global, CVS, Rite Aid, Companies, Walmart, Target Locations: Brooklyn , New York, Nevada

☆ Americans are still having a lot of stuff delivered from DoorDash and Uber, and it shows how much we'll pay for convenience
▼ + stars: | 2024-08-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Later in the day, Instacart reported a 10% jump in the value of transactions on its platform during the second quarter. Total orders rose 19% during the company's second quarter, it said on August 1. "Increasingly, we're seeing customers coming to us for the first time actually for non-restaurant use cases," Xu said. AdvertisementCorrection: August 9, 2024 — An earlier version of this story misstated Instacart's average order value in the second quarter. Do you work for DoorDash, Instacart, Uber Eats, or another gig delivery service and have a story to share?

Persons: —, they're, Uber, Dara Khosrowshahi, Instacart, Fidji Simo, Robert Mollins, Gordon, Mollins, DoorDash, We're, Tony Xu, Xu, Uber's Khosrowshahi, Instacart's Simo Organizations: Service, Business, DoorDash

☆ Uber reports better-than-expected results for second quarter
▼ + stars: | 2024-08-06 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

For the third quarter, Uber expects bookings of $40.25 billion to $41.75 billion. Uber's "monthly active platform consumers" (MAPCs) reached 156 million in the second quarter with 2.77 billion trips via the Uber platform. This compares to 137 million MAPCs and 2.28 billion trips during the same period a year ago. Uber also reported $1.02 billion in net income for the quarter, which included a $333 million pre-tax benefit from "revaluations of Uber's equity investments." The companies also plan "to collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform," Uber said on Tuesday.

Persons: Dara Khosrowshahi, Uber, Gross, Instacart, Tesla Organizations: Uber, LSEG Revenue, Bank of America Locations: Davos, Switzerland, Europe, Latin America, U.S

☆ Forget Uber and Airbnb: Some people are going back to doing things the old-fashioned way to save money
▼ + stars: | 2024-08-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

"If I was using rideshares and the delivery apps and everything the way I was, I would run out of money each month," she said. For some, like Manley, it means going back to the old-fashioned way of doing certain things: shopping around for hotel deals, taking public transit more, and working out at home with fitness classes on video. AdvertisementGrant Plotkin, 26, is a Gen Zer who experienced the pre-2020 millennial subsidy as a young adult. The next iteration of the millennial subsidy might be gamifying surge pricing for groceries or a side of fries. AdvertisementHas the loss of the millennial subsidy affected your finances or lifestyle?

Persons: Sarah Manley, Manley, She's, they'd, Millennials, YipitData, Grant Plotkin, Zer, he's, Plotkin, Ubers, Brett House, that's, Bilal Baydoun, Baydoun Organizations: Service, Business, Bloomberg, Netflix, Columbia Business School, Dollar, Aldi, Big Tech, American Locations: Baltimore, it's

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Best Grocery Credit Cards of 2024Introduction to Grocery Credit CardsIf you spend a lot of money on groceries, using a rewards credit card that offers bonus rewards at the supermarket makes sense to maximize this necessary expense. Note that credit card lenders may use many different variations of credit score models when considering your application. The ones reviewed here are the best grocery credit cards in 2024, according to Business Insider's team of credit card experts. Best for Cash Back on Groceries With No Annual Fee: Capital One SavorOne Cash Rewards Credit CardBest for cash back on groceries with no annual fee Capital One SavorOne Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Best Credit Card for Groceries Frequently Asked QuestionsAre grocery credit cards worth it?

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Compare the Blue Cash Preferred CardBlue Cash Preferred vs. the Blue Cash Everyday CardThe Amex Blue Cash Preferred Card and the Blue Cash Everyday® Card from American Express are both cash-back cards, but they differ when it comes to bonus categories, rewards amounts, and annual fees. Blue Cash Preferred vs. the Chase Sapphire PreferredLike the Amex Blue Cash Preferred Card, the Chase Sapphire Preferred® Card has a $95, but it's not waived the first year. Amex Blue Cash Preferred Frequently Asked QuestionsIs the Amex Blue Cash Preferred worth it? Here's our comparison of the Blue Cash Preferred and Blue Cash Everyday to help you decide which is best for your wallet. Can I upgrade my Amex Blue Cash Everyday card to the Blue Cash Preferred?

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In order to qualify for the Navy Federal More Rewards American Express® Card, you must be a member of the Navy Federal Credit Union. If you're a Navy Federal Credit Union member and are seeking a card with a traditional welcome offer in the form of points or cash back, other comparable options include the Navy Federal Credit Union Visa Signature® Flagship Travel Rewards Credit Card and the Navy Federal Credit Union cashRewards Credit Card. How to earn rewards from the Navy Federal More Rewards cardThe Navy Federal More Rewards American Express® Card features an impressive rewards structure — akin to notable cards such as the Chase Sapphire Preferred® Card, Citi Strata Premier℠ Card , and American Express® Gold Card. Cardholders can earn 3x points at restaurants and on food delivery, 3x points at supermarkets, and 3x points on gas and transit. Navy Federal More Rewards American Express card benefits and featuresThe Navy Federal More Rewards American Express® Card won't overwhelm you with robust benefits like airport lounge access or hotel elite status, but it does feature several noteworthy perks.

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IntroductionThe Chase Sapphire Reserve® and The Platinum Card® from American Express are two of the best premium travel rewards cards. Here's a guide to help you compare the The Platinum Card® from American Express and Chase Sapphire Reserve® and decide which card is best for you. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Winner: The Platinum Card® from American Express, if you use all of these benefitsConcierge servicesThe Platinum Card® from American Express offers its famous Amex Concierge service for Platinum cardholders. Amex Platinum vs. Chase Sapphire Reserve frequently asked questionsHow do the annual fees for the Amex Platinum and Sapphire Reserve compare?

Persons: Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, You'll, cardholders, Sapphire, you'll, Cardholders, that's, they're Organizations: Chase, American Express, Chase Sapphire, Chase Travel, Sapphire, TSA, FDIC, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Global, Saks Fifth, Delta Sky, airline, Amex, Resorts, Paramount, TSA PreCheck, Hertz President's, Chase Sapphire Reserve, Avis, Avis , National, Hertz, Hulu Locations: Hulu, U.S, Hong Kong, The, Avis ,

The information for the following product(s) has been collected independently by Business Insider: Capital One Spark Miles Select for Business†, Capital One Spark Miles for Business†, Capital One Spark Cash Select for Excellent Credit†. Capital One Spark Miles Select for Business DetailsThe Capital One Spark Miles Select for Business† doesn't always get as much attention as flashier rewards business credit cards, like the similarly named Capital One Spark Miles for Business† or cards from other banks like the Ink Business Preferred® Credit Card and The Business Platinum Card® from American Express. Capital One Spark Miles Select for Business RewardsWhat is the Capital One Spark Miles Select for Business welcome bonus? How to earn rewards from Capital One Spark Miles SelectThe Capital One Spark Miles Select for Business† has a very straightforward earning structure. What's the difference between the Capital One Spark Miles and Spark Miles Select?

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Ink Business Cash® Credit CardThe Ink Business Preferred® Credit Card is the bigwig of the Chase Ink family. Both Ink cards offer similar benefits, but the Ink Business Preferred® Credit Card offers two stand-out protections that the Ink Business Cash® Credit Card does not. Ink Business Cash® Credit CardConsider the Ink Business Unlimited® Credit Card to be the Ink Business Cash® Credit Card's fraternal twin. Ink Business Cash® Credit CardThere's one final card in the Chase Ink family to learn about: The Ink Business Premier® Credit Card. Ink Business Cash® Credit Card Frequently Asked QuestionsIs the Chase Ink Business Cash card worth it?

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The information for the following product(s) has been collected independently by Business Insider: Capital One Spark Cash Select for Excellent Credit†, Capital One Spark Cash Select for Good Credit†, Capital One Spark Miles for Business†, Capital One Spark Cash Plus†. One of these cards, the Capital One Spark Cash Select for Excellent Credit†, is designed to deliver what every business needs: cash. Capital One Spark Cash Select for Excellent Credit OverviewFor nearly every purchase you make on the Capital One Spark Cash Select for Excellent Credit†, you'll earn 1.5% cash back. Capital One Spark Cash Select for Business Annual Fee and Other CostsThere is no annual fee with the Capital One Spark Cash Select for Excellent Credit†, which is excellent news for your business' bottom line. What's the difference between Spark Cash Select for Excellent Credit and Spark Cash Select for Good Credit?

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Amex Offers provide discounts or bonus rewards for American Express members when they shop with Amex retail partners. Benefits of Using Amex OffersOne of the appeals of the Amex Offers program is that the offers continuously change. Amex Offers frequently asked questionsHow do I find Amex Offers for my account? Log into your American Express account online or through the Amex app, and navigate to the "Amex Offers" section to browse available offers. Most American Express cardholders can access Amex Offers, but available offers vary based on card type and usage.

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☆ JPMorgan’s top tech analyst likes Amazon and 2 other stocks heading into earnings
▼ + stars: | 2024-07-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

JPMorgan highlighted Amazon as its best idea going into the second-quarter earnings season for technology stocks, followed by Uber and Google . JPMorgan analyst Doug Anmuth wrote that the Wall Street bank remains bullish on larger players in the industry, for now. The analyst highlighted Amazon as his favorite stock for the near and long term. Amazon stock has gained 27% this year. "Google remains focused on innovation, and we continue to believe there is healthy runway across Search and YouTube ads as AI drives higher ROI & TV dollars shift online," the analyst wrote.

Persons: Uber, Doug Anmuth, Anmuth, Michael Bloom Organizations: JPMorgan, Google, Amazon Web, Costco, YouTube

☆ The delivery reckoning is here
▼ + stars: | 2024-07-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Unlike employees, contractor delivery workers have to cover many of their own costs. "No one wins under this law, including delivery workers," the spokesperson said. Gig workers have had to get choosier about jobsThe dilemma isn't unique to the food delivery world. Timothy Turer, who has worked in rideshare and gig delivery in Florida since 2016, remembers the dirt-cheap fares that Uber and Lyft offered riders early on. But with many telling BI that the job has gotten less profitable for them lately, or setting up their own delivery services, or even begging food delivery customers for better tips, it's clear cracks are starting to show in the well-polished delivery system.

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☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Spotify, AMD, Uber, McDonald's, Broadcom & more
▼ + stars: | 2024-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,083 per share from $1,023. "We are initiating RBBN with a Buy rating and $5 price target because the investment thesis has significantly improved." Rosenblatt reiterates Broadcom as buy Rosenblatt raised its price target on the stock to a Street high $2,400. Morgan Stanley downgrades Microchip to equal weight from overweight Morgan Stanley said the semis company has a "lofty" valuation. Morgan Stanley upgrades Telefonica Brasil to overweight from equal weight Morgan Stanley said it's bullish on shares of the LatAm telecom company.

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☆ PepsiCo just admitted that snackflation might have gone too far
▼ + stars: | 2024-07-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

As food inflation rose over the last few years, companies like PepsiCo have been able to push through price increases to retailers and consumers — and then some. Food inflation has increased at a steady pace over the last few months. While PepsiCo is one of the largest food manufacturers in the world, it's far from alone in hiking prices. McMullen told investors last month he expects more discounts coming from national brands this year. Of course, national brands have been bragging about strong profits in recent years, which would suggest they're now in a position to offer discounts and promotions without breaking the bank.

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“My cart looks ridiculous,” said Ms. Uhuru, 48, who supplements her hauls with vegetables grown in her garden. “People think I am a shift shopper.” Sylvia Jarrus for The New York Times, including previous image. Sawyer’s April Shopping Total shopping trips: 14 Impulse purchases: Castelvetrano olives ($5.99) and sparkling water (prices vary) Share of drinkable purchases: 70 percent What might a stranger notice if she peered into Sawyer Bonsib’s cart? “The old adage ‘Don’t go grocery shopping when you are hungry,’ applies triply during Ramadan,” he said. “Or my toddler will gnaw on a tortilla while I’m making dinner.” Jessica Attie for The New York Times, including previous image.

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☆ A retired baby boomer who still needs to work to get by thinks Social Security should be seen as a right in the US
▼ + stars: | 2024-07-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Now, with her pension, she'll have around $3,700 a month coming in. Even so, she said it was still the most uplifting and rewarding work she's ever done. She'd also like the country to rethink conversations around Social Security and retirement benefits more broadly. At the same time, politicians have taken aim at Social Security, suggesting potentially pushing up the retirement age and not moving to fund its coffers. "We have to get out of this frame of mind that suggests that Social Security that people have paid into for decades is somehow an entitlement.

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