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☆ Apple just lost a decadelong EU tax case. Now it must pay $14 billion.
▼ + stars: | 2024-09-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

The EU's top court ruled Apple must pay over €13 billion in back taxes. The European Court of Justice's decision ends a decadelong legal battle with the tech giant. EU competition chief Margrethe Vestager argued Apple received unfair tax breaks from Ireland. AdvertisementThe EU's top court just dealt Apple a major blow, ruling that the tech giant must pay more than €13 billion (about $14 billion) in back taxes. The European Court of Justice (ECJ) ruled that Apple must pay the taxes to the Irish government, ending a decadelong legal battle.

Persons: Margrethe Vestager, Apple, — Organizations: Apple, Service, of Justice, European Commission, Business Locations: EU, Ireland

☆ Apple 'Glowtime' event summary: Tim Cook announces new iPhone 16 series, Apple Watch, AirPods, and AI features
▼ + stars: | 2024-09-09 | by ( Jordan Hart | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple Park is buzzing after Tim Cook and other executives took the wraps off the new iPhone 16 lineup, AirPods 4, AirPods Pro, and the latest Apple Watch Series 10. The Apple executives were careful to walk through how the new iPhone 16 will be outfitted with the company's flavor of generative AI features, called Apple Intelligence, and the new features available in iOS 18 as a result. AdvertisementOver the course of Apple's "It's Glowtime" event, the company showcased a range of AI features, new camera technology, and other improvements to both its hardware and software. Apple Intelligence will be closely integrated across iOS 18, and that means more people will likely use AI on a daily basis as a result. Not all of the features will be available right at the launch of the iPhone 16, with some available later in the year or even in 2025.

Persons: —, Tim Cook Organizations: Service, Apple, AirPods, Apple Intelligence, Business, Google, ChatGPT . Apple Intelligence Locations: ChatGPT

☆ OnlyFans made its owner Leo Radvinsky $472 million last year as profits boomed
▼ + stars: | 2024-09-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Leo Radvinsky received a $472 million dividend from OnlyFans in 2023. Go to newsletter preferences Thanks for signing up! AdvertisementThe low-profile owner of OnlyFans got another handsome payout last year as its profits boomed. Leo Radvinsky, who bought the subscription site in 2018, received a dividend payment of $472 million in 2023, according to accounts published Friday by its UK-based parent company, Fenix International. This story is available exclusively to Business Insider subscribers.

Persons: Leo Radvinsky, OnlyFans, —, Radvinsky Organizations: Service, Fenix, Business Locations: OnlyFans

☆ I was laid off and then got in a bad car crash. It was a dark time, but now I'm glad it happened.
▼ + stars: | 2024-08-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Krystal Cano, a former tech recruiter who upskilled in AI while recovering from a car crash. AdvertisementI got in a bad car crash, and it would take a year to recoverWhen I returned home to Orange County, California, in March last year, I got into a bad car crash. I started watching webinars on AI to work on my personal development to prepare for future work. I'm glad I was laid offIf it wasn't for losing my job and the car crash, I don't think I would have reached this point in my life where I feel so strong.

Persons: —, Krystal Cano, I've, I'm, it's Organizations: Service, MIT, Business, NBA, Apple, Harvard Locations: DoorDash, El Salvador, Miami, Aruba, Orange County , California, Kobe Bryant

☆ This high school is replacing teachers with ChatGPT and AI tools to personalize learning for some students
▼ + stars: | 2024-08-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Read previewA high school in London is replacing teachers with AI tools such as ChatGPT to help some students prepare for exams. In the pilot scheme at David Game College starting in September, 20 students who are about 15 years of age will use AI tools for a year before taking their GCSE exams. This story is available exclusively to Business Insider subscribers. The students will also be supported by three full-time learning coaches, and will receive personalized learning paths. He added that the college has "humanized the AI learning process by creating a holistic and engaging educational experience."

Persons: —, John Dalton, coprincipal, Dalton, Hadida, Grabow, Karl Knapp Organizations: Service, David Game College, Business, Higher Learning, Los Angeles Unified School, University of Indianapolis Locations: London, Hadida Grabow

☆ X told to pay $600,000 to ex-Twitter worker who was dismissed for not responding to Elon Musk's 'extremely hardcore' demand, reports say
▼ + stars: | 2024-08-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Elon Musk emailed Twitter workers in 2022 telling them to commit to a "hardcore" culture — or quit. But Gary Rooney argued he didn't resign simply because he didn't click "yes" on the email. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former Twitter employee has reportedly been awarded 550,000 euros — about $600,000 — after he was dismissed for failing to respond to Elon Musk's email demanding an "extremely hardcore" work culture.

Persons: Elon Musk, Gary Rooney, didn't, —, Elon Organizations: Twitter, Ireland, Service, Guardian, Workplace Relations Commission, Business Locations: Dublin

☆ I quit my finance job and set up LØCI, the sneaker brand loved by Leonardo DiCaprio and Nicki Minaj — here's how I did it
▼ + stars: | 2024-08-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

It was a ballerina shoe brand we built up as a hobby while we had finance jobs and distributed online. AdvertisementWe spend a lot of our resources taking plastic out of the oceans, and from a human perspective, we've built a platform for artists and musicians. During the pandemic, we went to the US and started building relationships. When we launched LØCI in 2021 we had no money but a dream of building a sneaker brand. Building a brand takes time — you're on a journey and you must ride it out no matter how difficult it gets.

Persons: —, Emmanuel Eribo, I'm, Harley Viera, Dave Benett, LØCI LØCI, we've, Charlotte, David M, We've, Leonardo DiCaprio, Nicki Minaj, I'd, I've, We're, everybody's Organizations: Service, Business, HSBC, Soho House Locations: Soho, London

☆ A Nvidia recruiter shares her top 3 tips to land an internship at the chip giant
▼ + stars: | 2024-08-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Nvidia ranked second place on Glassdoor's annual list of best employers for 2024. Go to newsletter preferences Thanks for signing up! One software engineer based at its Santa Clara headquarters previously told Business Insider that his annual base salary is $250,000. So it's no wonder the company is an attractive place to work and was ranked second on Glassdoor's annual list of best employers for 2024. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Nvidia, Service, Santa Clara, Business

☆ A Google Cloud architect shares the résumé that helped her land the job — and how she prepared for its tough interviews
▼ + stars: | 2024-08-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

That experience with a cloud migration project Sadhwani worked on during her first internship helped her land her first job as a DevOps engineer at Brightspot. After gaining experience in the field for a year and a half, she landed a cloud engineer role at Amazon Web Services (AWS), which she described as a "pivotal moment" in her career. After two years at AWS, a Google Cloud recruiter contacted Sadhwani, who then embarked on its comprehensive interview process. Define your goals and personal brandThe Big Tech job market is competitive, and building a personal brand is important. For Sadhwani, exploring Google Cloud led her to find the perfect role.

Persons: —, Sadhwani, She'd, she's Organizations: Service, University of Maryland, Business, Amazon Web Services, Google, Big Tech

☆ Meet Melinda French Gates, one of the world's most influential and richest women
▼ + stars: | 2024-08-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Melinda French Gates ranks 10th on Forbes' The World's 100 Most Powerful Women list. French Gates, worth $13.4 billion, co-founded the Bill Gates and Melinda French Gates Foundation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMelinda French Gates is a renowned philanthropist, which has helped earn her the spot as the 10th most powerful woman in the world, according to Forbes' The World's 100 Most Powerful Women list. French Gates is worth $13.4 billion, according to Bloomberg's Billionaires Index, which ranks her 157th among the world's richest billionaires, as of Friday, August 2.

Persons: Melinda French Gates, Gates, Bill Gates, Melinda, Kamala Harris, —, Forbes Organizations: Forbes, Melinda French Gates Foundation, Service, Business

☆ See inside Pinterest's quirky Dublin office, which has a pub and a workspace resembling a Celtic forest
▼ + stars: | 2024-08-01 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Pinterest's Dublin office is extremely eye-catching, to say the least. The design reflects local culture and aims to spark creativity among employees. AdvertisementImagine walking into work, and it feels like you're traveling around Ireland — that's exactly what Pinterest's Dublin office is like. From having its own pub to a Celtic forest-themed workspace, it's more than just aesthetics; it's designed to reflect its local culture and spark creativity. Having a cool and quirky workplace is also a way for companies to get employees excited about working from the office.

Persons: —, it's Organizations: Service, Ireland —, Business Locations: Dublin, Ireland

☆ How Satya Nadella created a 'learn-it-all' culture at Microsoft to help it become a $3 trillion powerhouse
▼ + stars: | 2024-07-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Read previewWhen Satya Nadella took over as CEO of Microsoft in 2014, he was on a mission to transform the company's culture. A decade later, it's clear that Nadella followed his own counsel as he seeks to establish Microsoft as a dominant force in AI. So, by 2016, Microsoft ditched its mobile business and sold the Nokia phone line to follow Nadella's new vision for the company. This cemented Nadella's vision to build up its open-source software offering, solidifying Nadella's vision to boost Microsoft's open-source software offerings. CFO Amy Hood said on Tuesday that Microsoft's AI bets will be monetized "over 15 years and beyond."

Persons: —, Satya Nadella, Nadella, Steve Ballmer, Ballmer, Kevin Scott, Bill Gates, OpenAI, Bing, Nadella isn't, Mustafa Suleyman, Suleyman, Carol Dweck's, Amy Hood Organizations: Service, Microsoft, Business, Nokia, Work Conference Locations: reenergize, OpenAI, ChatGPT

☆ A former Microsoft product manager shares the résumé that helped him land the job
▼ + stars: | 2024-07-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewSince graduating from college in 2016, Chris Hsiao dreamed of working as a product manager. He started his career as a consultant and set about securing a product manager role. He previously worked as a project manager at Facebook, but said joining Microsoft felt like a "completely new stint." AdvertisementHsiao spoke about the startup, which designed and sold merchandise online, during his interviews with Microsoft. The hiring process at Facebook and Microsoft both involved multiple interview rounds that contained both behavioral and situational questions.

Persons: —, Chris Hsiao, Hsiao, Microsoft Chris Hsiao, Microsoft Hsiao, résumé Organizations: Service, Microsoft, Business, Facebook, Big Tech Locations: San Francisco

☆ OpenAI's new SearchGPT prototype is a declaration of war against Google
▼ + stars: | 2024-07-25 | by ( Jyoti Mann | Ana Altchek | ) www.businessinsider.com time to read: +5 min

The AI company announced "SearchGPT" on Thursday, an early version of a search product that shows the company is one step closer to launching its own search engine. In a blog post, OpenAI said it's "testing SearchGPT, a temporary prototype of new AI search features that give you fast and timely answers with clear and relevant sources." A screenshot of search results from OpenAI's new SearchGPT prototype, which is in the testing phase. OpenAIOpenAI has Google in its crosshairsWith SearchGPT, OpenAI is clearly positioning itself against Google's Search Generative Experience (SGE) and AI startup Perplexity's search feature. AdvertisementOpenAI's announcement comes after The Information in February that the company had been quietly developing its own web search product.

Persons: —, OpenAI, Sam Altman, OpenAI OpenAI, Google's SGE, Microsoft's Bing, Bing, Satya Nadella, OpenAI didn't Organizations: Service, Business, Google, Microsoft, Department of Justice, DOJ Locations: boone north carolina, SearchGPT

☆ Everybody seems to love Zuck right now
▼ + stars: | 2024-07-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg won praise from CEOs for open-sourcing Meta's AI model, Llama 3.1. Shopify's CEO called the model an "incredible gift," and even Elon Musk said he "does deserve credit." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf there were a Big Tech CEO popularity contest, Zuck might well be taking the crown right now. Even Elon Musk gave Zuck a rare nod of approval.

Persons: Mark Zuckerberg, Elon Musk, —, Zuck Organizations: Service, Big Tech, Business

☆ CrowdStrike's reputation has a 'major black eye.' Earning back customers' trust will be an uphill struggle.
▼ + stars: | 2024-07-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Major airlines, banks, and retailers were disrupted by an IT outage linked to CrowdStrike. Regaining its reputation will likely be an enormous task for the cybersecurity firm. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Dan Ives, a technology analyst at Wedbush Securities, wrote in a note seen by Business Insider that it's "clearly a major black eye" for cybersecurity firm CrowdStrike. This story is available exclusively to Business Insider subscribers.

Persons: —, Dan Ives, CrowdStrike, Ives Organizations: Service, Microsoft, Wedbush Securities, Business

☆ Elon Musk mocks Microsoft over the global IT outage
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Elon Musk mocked Microsoft over global IT outage impacting multiple sectors. The X owner posted a laughing emoji in response to a meme poking fun at Microsoft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk poked fun at Microsoft over a global IT outage on Friday. The billionaire posted a laughing emoji in response to a meme shared on X mocking the disruption.

Persons: Elon Musk, —, Elon Organizations: Microsoft, Service, Business Locations: Airlines

☆ Banks scramble to repair the damage caused by Crowdstrike IT outage
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewMajor banks worldwide are scrambling to fix issues resulting from a global IT outage caused by a CrowdStrike software update. British banks Santander and Metro Bank said they were impacted by Friday's outage, which affected their ATM services. "Along with many other organizations, we have been affected by the reported global IT outage," Metro Bank told Business Insider. According to the New Zealand Herald, some banking services in New Zealand were also disrupted, as was South Africa's Capitec, per Bloomberg. Some social media users posted about being unable to access banking services, which they said highlighted the importance of cash.

Persons: —, Gina Glaros, CrowdStrike, James Bore Organizations: Service, Santander, Metro Bank, Business, Bank, Commercial Bank of Qatar, New Zealand Herald, Bloomberg, NBC, BI, Windows, Linux, Santander didn't Locations: New Zealand, Norway's

☆ The only solution to the 'blue screen of death' may be a manual fix — here's what you can try
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. The tool has a corrupted file that is "knocking out computers, putting them into what's known as the 'blue screen of death.'" For CrowdStrike Falcon to pull it down now, changing that, making sure it's updated, that does take time," he said. Microsoft and CrowdStrike didn't immediately respond to requests for comment from Business Insider.

Persons: —, CrowdStrike, James, Ian Thornton, CrowdStrike didn't Organizations: Service, Microsoft, Business, Trump

☆ Why it's taking time for companies to recover from the Crowdstrike IT outage
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Airlines, banks, and supermarkets face disruption due to an IT outage linked to Crowdstrike. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems linked to an update issued by cybersecurity firm Crowdstrike. He told NBC News that Crowdstrike was rebooting its operations but that "it could be some time for some systems — it [won't] just automatically recover." This story is available exclusively to Business Insider subscribers.

Persons: —, George Kurtz, Crowdstrike Organizations: Service, Microsoft, NBC News, Business

☆ I left my $130K job at Lyft and became a barista. Here's what it taught me.
▼ + stars: | 2024-07-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

AdvertisementI ended up working at Lyft for about three months but left to get treatment for a severe medical condition. I just want to make sure I'm doing something meaningful and important to me every moment, every month, every year. It made me question what makes me feel like I'm doing well. After six months, I left the barista job to work for BuzzFeed, where I helped with social media and blogging before I was laid off when the company cut jobs in 2023. Now I'm working as an engineer at a healthcare tech startup, which I think really suits me.

Persons: —, Chris Jereza, I'd, Lyft, haven't, I've, I'm, they're Organizations: Service, University of California, Business Locations: Berkeley, Lyft

☆ I raised $1 million for my tech startup by taking Zoom meetings in my high-school bathroom
▼ + stars: | 2024-07-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

He cofounded the startup Aviato and raised $1 million while still at high school aged 15. I then joined Stanford's Online High School community and met some impressive people. I would attend those cold Zoom meetings from my high school bathroom and pitch to investors. At one point, I was spending about five hours a day in the bathroom taking meetings. AdvertisementI haven't graduated from high school yet and I started taking online classes instead a few months ago after I got suspended for taking meetings in the bathroom.

Persons: —, Eric Zhu, Tom Preston, Werner, We've, we're, I've, It's Organizations: Service, Business, Stanford's, School, Bachmanity, Bloomberg Locations: Carmel , Indiana, San Francisco

☆ Asia's wedding of the year is seriously annoying locals in Mumbai
▼ + stars: | 2024-07-12 | by ( Shubhangi Goel | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Asia's richest man is hosting a lavish wedding in Mumbai for his youngest son this weekend. Mumbai is already plagued by traffic and faces added congestion from the three-day wedding affair. AdvertisementAsia's richest man is throwing a massive wedding for his youngest son in Mumbai this weekend. Anant Ambani, son of Mukesh Ambani, is set to wed Radhika Merchant in a lavish affair. This story is available exclusively to Business Insider subscribers.

Persons: —, Anant Ambani, Mukesh Ambani, Radhika Merchant, It's, Sonam Srivastava, Srivastava, Bill Gates, Mark Zuckerberg, Ivanka Trump Organizations: Service, Business, Mumbai Traffic Police, Wright Research, Convention, Immigration Locations: Mumbai, Bandra Kurla, Bandra, Jamnagar

☆ Elon Musk may be souring on San Francisco with a move to sublease X's headquarters
▼ + stars: | 2024-07-12 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Elon Musk's X plans to sublease its headquarters, the San Francisco Chronicle reported. Its entire office, nearly 460,000 square feet of space, will reportedly be sublet. Musk has openly criticized San Francisco in the past and slammed it as a "disaster." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company is set to sublease its San Francisco headquarters, the San Francisco Chronicle reported.

Persons: Elon Musk's, Musk, San Francisco, —, JLL Organizations: San Francisco Chronicle, Service Locations: San Francisco

Radhika Merchant and Anant Ambani's wedding begins on Friday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA four-day cruise, a performance by Rihanna, and a mass wedding for 50 couples were all just the lead-up to the glitziest wedding of the year. Radhika Merchant and Anant Ambani , the youngest son of Asia's richest man , are getting married in Mumbai on Friday, with events following on Saturday and Sunday. This story is available exclusively to Business Insider subscribers.

Persons: Radhika Merchant, Anant Ambani's, Priyanka Chopra, Nick Jonas, Kim Kardashian, —, Rihanna, Anant Ambani Organizations: Service, Business Locations: Mumbai

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