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☆ Charles Schwab incoming CEO: 'I feel silly' for not buying crypto
▼ + stars: | 2024-11-22 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

AdvertisementBitcoin is hovering near $100,000 as Trump considers a new crypto chief for his administration. Charles Schwab's incoming CEO said he has not personally invested in crypto and prefers stocks. Schwab plans to enter spot crypto trading, pending regulatory changes under Trump's policies. "Well, I think what's holding me back is just a question around the true value of crypto," he said. Advertisement"We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change, and we're getting ready for that eventuality," Wurster said.

Persons: Charles Schwab's, Schwab, Crypto, they've, Rick Wurster, Wurster, he's, Donald Trump's, Bitcoin, Trump, I've, I'm, They've, Andreessen Horowitz, we're Organizations: Trump, Bloomberg, Biden, Fidelity Investments, Robinhood Locations: bitcoin

☆ Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach
▼ + stars: | 2024-11-21 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementOpenAI shifted away from being a nonprofit to attract more capital, says CEO Sam Altman. OpenAI needed more funding to scale its AI research efforts, he said in a recent interview. OpenAI's $6.6 billion funding round came with some strings attached: it has 2 years to become a for-profit entity. Altman said that scaling its AI models was a major factor in OpenAI's eventual move toward a profit system. Scaling AI models and providing the data centers and chips necessary to train them to be smarter than the previous interaction is highly expensive.

Persons: OpenAI, Sam Altman, Elon Musk, Altman, OpenAI's, — Organizations: Harvard Business School, Harvard

☆ I moved to France to earn my graduate degree because it was too expensive in the US. It's been the best decision of my life.
▼ + stars: | 2024-11-20 | by ( ) www.businessinsider.com time to read: +4 min

AdvertisementI wanted to go back to school for my master's but didn't want to go into enormous debt. AdvertisementI didn't love my first college experienceI wanted a college do-over. Meredith ShubelI wanted a college do-over but going back to school in the US was not worth the expense, in my opinion. Meredith ShubelAt the time, I knew a friend who was doing her master's in France. I now live in ParisMy experience in France wasn't perfect but it was the right decision.

Persons: Jean Jaurès, —, Meredith Shubel, I've Organizations: Université, VW, Université Toulouse Locations: Université Toulouse, France, Paris, New England, Marseille, Toulouse

☆ OpenAI head of product shares 5 tips for using ChatGPT
▼ + stars: | 2024-11-19 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

AdvertisementOpenAI Head of Product Nick Turley said users should experiment with ChatGPT's voice mode. Turley offered chatbot users tips on how to upload documents or make their own GPTs. Many people use ChatGPT to create recipes or write work emails, but OpenAI's Head of Product Nick Turley has some handy tips users might want to try. ChatGPT's voice feature comes in nine human-like voices developed with professional voice actors, which can be changed in the website's settings, according to the company. "It is a completely different way of using ChatGPT," Turley said.

Persons: Nick Turley, Turley, OpenAI, It's, they've, ChatGPT, you've Organizations: Twitter, Pixar, Enterprise

☆ Former Google CEO says Steve Jobs was a 'diva' — and explains why companies need them.
▼ + stars: | 2024-11-17 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementFormer Google CEO Eric Schmidt said companies need "divas" in order to build brilliant products. Schmidt gives the example of Steve Jobs as a difficult yet brilliant diva. Steve Jobs was a diva — and that's exactly what you want for a successful company, former Google CEO Eric Schmidt said. One such example of a famously tough genius was Apple cofounder Steve Jobs, who Schmidt said was "clearly" a diva. "They're not trying to do the right thing; they're trying to benefit themselves at the cost of others."

Persons: Eric Schmidt, Schmidt, Steve Jobs, —, Jonathan Rosenberg, Jobs, Google execs, They're, Rosenberg Organizations: Google

☆ Get to the office if you want a promotion, ex-Google CEO says
▼ + stars: | 2024-11-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Major tech companies have cracked down on fully remote work, including Amazon, Google, and Meta. Get into the office and soak up the knowledge within its walls, Google's former CEO says. Studies have also suggested that being fully remote decreases workers' productivity. Companies, including Amazon, JPMorgan, and Goldman Sachs, have ditched their remote work policies for full return-to-office mandates, with some even threatening to track performance or terminate those who don't comply. However, Google assured workers in October that it would not follow Amazon's expectations for staff to come into the office five days a week.

Persons: Eric Schmidt, Schmidt, —, unravels ChatGPT, Goldman Sachs, Mark Zuckerberg, Sam Altman, Eric misspoke Organizations: Amazon, Google, Service, Technologies, Street, Stanford's Institute for Economic Policy Research, Companies, JPMorgan, Meta, Fortune, Stanford University

☆ Apple is making it easier to find your lost luggage by letting you share AirTag tracking info with airlines
▼ + stars: | 2024-11-12 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Apple announced a feature to share AirTag tracking info with third parties, like airlines. The feature, "Share Item Location," is expected to launch with iOS 18.2 in December. AdvertisementApple's newest AirTag feature is expected to make finding lost luggage a little easier for frequent fliers. However, Share Item Location is now available in the public beta for iOS 18.2. Additionally, air transport tech company SITA will also integrate Share Item Location into its baggage-tracking system.

Persons: —, Apple, it's, David Kinzelman Organizations: Apple, Service, iOS, Apple Intelligence, Delta Air Lines, United, British Airways, Air Canada Locations: Delta

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play, brand pros say
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

OpenAI acquired the URL "chat.com," which now redirects to ChatGPT. Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

Persons: OpenAI, Dharmesh Shah, —, Sam Altman, Shah, it's, Margarita Polishchuk, Gil Luria, Davidson, Nicole Ferry, ChatGPT, Polishchuk Organizations: Service, HubSpot, Business, Amazon, Google, D.A, Sullivan NYC Locations: OpenAI, Clay

☆ OpenAI's splashy purchase of a 4-letter domain name is a smart play
▼ + stars: | 2024-11-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Analysts say the move strengthens OpenAI's global reach and consumer product positioning. AdvertisementOpenAI's splashy acquisition of a four-letter domain name is a smart strategic play, branding experts told Business Insider. The domain was previously owned by HubSpot founder and CTO Dharmesh Shah, who confirmed that he sold the domain to OpenAI after buying it in 2023. BREAKING NEWS: Secret acquirer of $15+ million domain chat .com revealed and it's exactly who you'd think. "Strategy-wise, I think that for ChatGPT and OpenAI, purchasing a domain like this marks its shift toward a very global audience."

You can delete your X account by deactivating it on the X website or mobile app. Related Video 5 ways Elon Musk shook up Twitter as CEOHow to delete your X account on iPhone or AndroidOpen the X app on your iPhone or Android. Jaures Yip/Business InsiderHow to delete your X account on desktopGo to the X website and log in to your account. Jaures Yip/Business InsiderHow to delete the X appIf you're not ready to delete your X account but want to take a break from the social network, you can delete the app from your device without deleting your entire account. How to reuse your username or email on XWhen you delete your X account, your username is deleted along with it.

Persons: —, Elon Musk, Jaures Yip, You'll Organizations: Service

☆ 3 new risks that Apple warned about in its annual report
▼ + stars: | 2024-11-05 | by ( Jaures Yip | Jordan Hart | ) www.businessinsider.com time to read: +5 min

The tech giant warned about future product profitability and risks related to "geopolitical tensions" and AI features. AdvertisementApple's latest annual report offers insight into what the tech giant views as potential risks to its business. This year, new mentions included the risks associated with the financial performance of future profits, "geopolitical tensions," and safety risks associated with AI features. The tech giant is now betting that Apple Intelligence features will drive upgrades. Apple has been slower to integrate generative AI features into its products than rivals, but the first of its Apple Intelligence features rolled out on October 28.

Persons: —, Apple, William Kerwin, shouldn't, Dipanjan Chatterjee, Chatterjee, ChatGPT, Ray Organizations: Apple, Service, SEC, Apple Intelligence, BI, Tech

☆ Sam Altman's leadership advice echoes 2 philosophies encouraged by Steve Jobs and Warren Buffett
▼ + stars: | 2024-11-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Altman also emphasized saying no, echoing Steve Jobs' leadership philosophy. AdvertisementThe leadership traits that Sam Altman values may sound familiar to those who have studied Steve Jobs and Warren Buffett. Altman said the team tries to be "rigorous" about straying away from "fantastical dreams" or goals — a strategy reminiscent of the late Apple cofounder Steve Jobs. Advertisement"The main thing I stressed was focus," Jobs had said about his visit to Larry Page, biographer Walter Isaacson wrote in the Harvard Business Review. "The difference between successful people and really successful people is that really successful people say no to almost everything," the Berkshire Hathaway CEO once said.

Persons: Sam Altman, Altman, Steve Jobs, Warren Buffett, —, Kevin Weil, Jobs, Larry Page, Walter Isaacson, Apple's, Jerry Yang, Insider's Nicholas Carlson, Marissa Mayer, — that's, Alman, Sora Organizations: Service, Apple, Harvard Business, Yahoo, Stanford University, Conference, Berkshire Hathaway Locations: Hollywood

☆ Snowflake CEO explains why 'the insidious thing' about AI hallucinations isn't the occasional error
▼ + stars: | 2024-11-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Snowflake CEO Sridhar Ramaswamy said tech firms lack transparancy about their AI hallucination rates. Snowflake CEO Sridhar Ramaswamy said AI companies would benefit from making it clear just how often that happens. Some tech moguls have defended AI hallucinations, including OpenAI CEO Sam Altman, who said that AI models that only answered when absolutely certain would lose their "magic." Anthropic cofounder Jared Kaplan said earlier this year that the end goal is AI models that don't hallucinate, but occasional chatbot errors are a necessary "tradeoff" for users. AdvertisementBaris Gultekin, Snowflake's head of AI, told Business Insider in a statement that AI hallucinations are the "biggest blocker" for generative AI to front-end users.

Persons: Sridhar Ramaswamy, —, Snowflake, Logan Bartlett, Ramaswamy, Sam Altman, Altman, Jared Kaplan, OpenAI, Baris, it's, Gultekin, Claude, ChatGPT Organizations: Service, Google, AIs

☆ 'Father of the iPod' says Apple's staggered AI rollout is smart — and 'doesn't require nuclear power'
▼ + stars: | 2024-11-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Tony Fadell said Apple's staggered rollout of its AI features is smart. Apple Intelligence features became available Monday with iOS 18.1. Apple's AI features launched on iPhones with the release of iOS 18.1 on Monday. "People were like, 'I downloaded it,' and they were like, 'Apple's AI is meh,'" Fadell said. AdvertisementDuring Apple's earnings call on Thursday, CEO Tim Cook talked more about Apple's AI strategy, which plans to release additional Apple Intelligence features in December.

Persons: Tony Fadell, Fadell, Apple's, —, Apple, Siri, Tim Cook, Cook Organizations: Apple Intelligence, Service, Apple, Google, Microsoft, Big Tech, Constellation Energy, Amazon, Amazon Web Services Locations: SMRs, Australia, Canada, Ireland, New Zealand

☆ A satellite services company is up 31% after announcing Apple is taking a stake
▼ + stars: | 2024-11-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Apple is taking a 20% stake under the new agreement, which follows a $450 million deal in 2022. Apple's iOS 18 now supports non-emergency satellite messaging. AdvertisementA satellite services company got a boost on Friday following its disclosure that Apple is taking a stake as part of a new investment deal. AdvertisementEmergency SOS enables satellite messaging to emergency services when an iPhone is not in range of WiFi or cellular connectivity. Apple rolled out non-emergency satellite messaging for iPhones in iOS 18.

Persons: —, Globalstar, Apple, Hurricane Helene Organizations: Globalstar Inc, Apple, Service, SEC, Business Locations: Globalstar, Hurricane

☆ Marc Andreessen says US carmakers need to make a $20,000 EV if they don't want to 'lose the auto industry' to China
▼ + stars: | 2024-10-31 | by ( Jaures Yip | ) www.businessinsider.com time to read: +6 min

Investors Marc Andreessen and Ben Horowitz said Chinese EVs are beating out American and European automakers. Andreessen Horowitz founders Marc Andreessen and Ben Horowitz said on their podcast that Chinese automakers have developed high-quality and affordable vehicles supported by a robust supply chain ecosystem. With the American auto industry struggling with slowing growth in its EV market, American automakers need to be able to offer a compelling $20,000 EV that also competes on quality if the US doesn't want to "lose the auto industry," Andreessen said. Andreessen said that Chinese car brands are outperforming American EV automakers in affordability and quality, calling them "super technologically sophisticated." AdvertisementTo keep up, American automakers need to be able to offer a similarly affordable and full-featured car at the $20,000 price point, Andreessen said.

Persons: Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Xiaomi's, —, It's, Andreessen, they've, Horowitz, Jim Farley, " Horowitz, Elon Musk, Tesla, Musk, Xiaomi Organizations: Service, Centre, Strategic & International Studies, Ford, Porsche, Porsche Cayenne, American EV, Elon, Nissan Locations: China, Mexico, Dubai, American

☆ Dropbox lays off 20% of employees and joins Big Tech's flattening trend. Read CEO Drew Houston's memo.
▼ + stars: | 2024-10-30 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Dropbox is laying off 528 employees, about 20% of its workforce, and making the company flatter. AdvertisementDropbox is the latest major company to slash its staff and flatten its organizational structure. "We've heard from many of you that our organizational structure has become overly complex, with excess layers of management slowing us down." Mark Zuckerberg instituted manager cuts and increased the average number of direct reports for Meta managers after complaining about "managers managing managers." Houston's memo to employees at the time also attributed those layoffs to headwinds and freeing up investment bandwidth for more products powered by artificial intelligence.

Persons: Drew Houston, —, I'm, Houston, We've, Andy Jassy, Mark Zuckerberg, Dropbox Organizations: Service, —, Amazon

☆ Chanel CEO describes the ChatGPT fail that happened while visiting Microsoft headquarters
▼ + stars: | 2024-10-29 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Chanel CEO Leena Nair visited Microsoft to discuss AI, she told Stanford's business school. Chanel is preparing for AI integration and testing experiments including chatbots, Nair said. AdvertisementChatGPT may be one of the major contenders in the AI race, but Chanel CEO Leena Nair was left slightly less than impressed by it during her trip to Microsoft headquarters. "And we're like, 'Show us a picture of a senior leadership team from Chanel visiting Microsoft' — it is all men in suits." Yes, 76% of my organization is women, 96% of my clients are women, female CEO," Nair said.

Persons: Leena Nair, Nair, Chanel, —, you've Organizations: Microsoft, Service, Stanford Graduate School, ChatGPT, Chanel, Unilever, Business Locations: Seattle

☆ Arm CEO says AI growth is being limited by finding enough talent: 'I need more engineers'
▼ + stars: | 2024-10-28 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Arm CEO Rene Haas said in a recent interview that he needs more engineers to drive AI growth. Companies are aggressively recruiting top AI talent, with some offering lucrative compensation. AdvertisementThe AI train is running at full steam, but Arm CEO Rene Haas believes there's one thing they need to keep it moving — more engineers. The comments from Arm and its CEO highlight how the generative artificial intelligence boom following ChatGPT's launch nearly two years ago has led to a talent war for top AI engineers and researchers. Related storiesA limited pool of researchers and candidates with experience in areas like machine learning and data engineering has allowed AI talent to become more selective when evaluating job offers.

Persons: Rene Haas, —, Haas, Sam Altman, Mark Zuckerberg, Ram Srinivasan, JLL Organizations: Service, Bloomberg, SEC, Competition Locations: British, PwC

☆ Get ready to see AirPods at concerts
▼ + stars: | 2024-10-22 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Apple's hearing protection feature for AirPods Pro 2 rolls out with iOS 18.1 next week. The AirPods Pro 2 are also getting the ability to turn into hearing aids for people with mild to moderate hearing loss. Over-the-counter hearing aids can cost up to thousands of dollars, so Apple is looking to position the AirPods Pro 2 as a lower-cost option at $249. The US approved the sale of over-the-counter hearing aids in 2022 following the passage of the Over-the-Counter Hearing Aid Act of 2017 . Companies like Costco, Walmart, and Bose have since entered the market for over-the-counter hearing aids.

Persons: —, you've, Taylor, Charlie XCX's, Apple, Bose Organizations: AirPods, Service, Apple, iOS, Apple Intelligence, Food and Drug Administration, Companies, Costco, Walmart

☆ Marissa Mayer reflects on what went wrong at Yahoo — and shares the compliment she got that she still remembers
▼ + stars: | 2024-10-20 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Marissa Mayer recently reflected on Yahoo's struggles and eventual sale to Verizon. Mayer said Yahoo was simply too late to embrace the move toward mobile phones. She still remembers the compliment Yahoo cofounder Jerry Yang gave her as she left the company. AdvertisementWhen Marissa Mayer was brought on with high hopes to captain an already struggling Yahoo in 2012, it took five years of trying to revive the internet giant before she ultimately resigned. Mayer came to Yahoo from Google in 2012 and had big ideas to change the company, as Business Insider's Nicholas Carlson detailed in his 2015 book, "Marissa Mayer and the Fight to Save Yahoo."

Persons: Marissa Mayer, Mayer, Jerry Yang, —, " Mayer, Insider's Nicholas Carlson Organizations: Verizon, Yahoo, Service, Wired, Google, Washington Post, Business

☆ Duolingo CEO explains his approach to 'founder mode' — and what happens when executives disagree
▼ + stars: | 2024-10-16 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Duolingo CEO Luis von Ahn talked about his data-driven approach to "founder mode." A debate over founder mode was recently sparked by Paul Graham's essay advocating hands-on leadership. AdvertisementAmid the wider debate in Silicon Valley about how a CEO should run their company, Duolingo's chief executive is siding with a data-driven approach to founder mode. "Yes, I am in that mode, but we have a number of people who could probably play that role as well," von Ahn said when asked about founder mode. While this my-way-or-the-highway approach feels very indicative of founder mode, arguments rarely happen between the three executives, von Ahn said in the interview.

Persons: Luis von Ahn, Paul Graham's, —, He's, Cem Kansu, Ryan Sims, von Ahn, Paul Graham, Graham, Brian Chesky, Von Ahn, Duolingo, let's, Sims Organizations: Service Locations: Silicon Valley

☆ The latest AI trend is asking ChatGPT to tell you something about yourself that you might not know
▼ + stars: | 2024-10-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

ChatGPT users are asking the AI to reveal any personal traits it's gleaned from their past conversations. The ChatGPT responses posted by people online revealed long, detailed analyses that pointed out traits from users' "thoughtful approach to conversations" or ability to "blend curiosity with analysis." AdvertisementSome ChatGPT users suggested follow-up questions for the AI that might result in a less complimentary response. One person on X suggested asking ChatGPT to give them "the real talk," and another on Reddit, for a similar prompt, suggested telling the bot to "play devil's advocate." The viral prompt suggests that many people are getting comfortable talking to AI and asking it personal questions.

Persons: —, Tom Morgan, Sam Altman, ChatGPT Organizations: Service

☆ Nvidia CEO Jensen Huang breaks down how he interviews job candidates
▼ + stars: | 2024-10-14 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Nvidia CEO Jensen Huang talked about his recruiting process in a recent podcast interview. Huang said it's easy for candidates to research a company's technical questions or come across well. AdvertisementIf you're interviewing with Nvidia CEO Jensen Huang, you can bet your references will be getting a call. Huang said that the company's technical questions are often shared online, making it "hard" to conduct genuine and rigorous interviews. With the company's market cap topping $3.3 trillion and second only to Apple, there are many wealthy Nvidia employees.

Persons: Jensen Huang, Huang, —, Lindsey Duran, Duran, Nviida, Jensen Organizations: Nvidia, Service, YouTube, Blackwell, Apple, Business

☆ Yes, there were humans controlling Tesla's bartending robots behind the scenes
▼ + stars: | 2024-10-14 | by ( Jaures Yip | Ana Altchek | ) www.businessinsider.com time to read: +5 min

Tesla's robots serving drinks and talking to guests at the "We Robot" were partly controlled by humans. Please be nice to the Optimus robots. Tesla's Optimus robots walked into the spotlight at the company's "We, Robot" event. Videos of guests' interactions with the Optimus robots posted online underscored that humans were involved. Tesla has said it's already deployed two Optimus robots on its factory floor, though it is unclear what tasks they are completing.

Persons: Tesla, —, Elon Musk, Optimus, Musk, you'll, livestream Morgan Stanley, I'm, Jeremy Judkins, Josh Wolfe, it's Organizations: Service, Optimus, Lux Capital, Tesla

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