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☆ To pop or not to pop: the smart way to invest in AI without worrying about the bubble
▼ + stars: | 2024-09-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.

Persons: —, Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton

☆ Use the sell-off in tech stocks as a chance to buy the dip, UBS says
▼ + stars: | 2024-07-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

UBS sees the recent tech stock sell-off as a buy-the-dip opportunity for long-term investors. UBS cites attractive valuations, solid fundamentals, and fading technical factors as reason to stick with large-cap tech. But according to UBS, the recent decline in tech stocks is only temporary, and that should be apparent when mega-cap tech stocks report their second-quarter earnings results later this week. A healthy sell-off in tech stocks has led to more attractive valuations for the fast-growing sector, especially when compared to previous bubbles. "While the tech sector appears to be expensive after the rally this year, price-to-earnings multiples remain much lower than in the dot-com era, when many tech stocks had much lower-quality earnings," UBS said.

Persons: —, Sundar Pichai Organizations: UBS, Service, Nasdaq, Apple, Microsoft

☆ These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
▼ + stars: | 2024-07-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

For Europe, the prime concern is tariffs," wrote Goldman analysts. "If the entire impact came in 2025 this would be enough to eliminate any growth that year (our current top-down forecast is 4%)," Goldman wrote. Within sectors, beneficiaries of rising trade risks tend to be defensive stocks such as utilities, health care as well as Europe's GRANOLAS stocks, according to the bank. But he says a "meaningful selloff" in mega tech will see other names "pushed down as collateral damage." And if the AI narrative plays out as expected, a material sell-off in Mega Tech will present a buying opportunity in those names as well," he wrote.

Persons: Biden, Donald Trump, Trump, Europe's, Goldman Sachs, Goldman, Louis Navellier, — CNBC's Michael Bloom Organizations: Bloomberg, Taiwan, Trump, U.S, JPMorgan, China Gas, Power, Huaneng, Republicans, National Security, Hire, GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP, Sanofi, Liquide, Tobacco, Dassault Systemes, Intercontinental Hotels, Nvidia, Navellier, Associates, Mega Tech Locations: China, Taiwan, U.S, Hong Kong, Europe, United States, Germany, France, Stellantis

☆ McGhee: AI isn't a bubble because today's tech companies are actually profitable
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcGhee: AI isn't a bubble because today's tech companies are actually profitableTiffany McGhee, CEO and CIO of Pivotal Advisors, discusses what's driving markets to record highs.

Persons: McGhee, Tiffany McGhee

☆ How to Save Tech Industry: Fire Managers, Put Tech People in Charge
▼ + stars: | 2024-06-11 | by ( Ed Zitron | ) www.businessinsider.com time to read: +11 min

This disastrous mindset has hollowed out Silicon Valley's ability to innovate and caused regular people to grow increasingly frustrated with everyday tech. The large platforms have generally ignored this feedback for one big reason: The tech industry has been taken over by career managers. Now Google Search is more profitable and worse, elevating spammy content and outright scams, a problem exacerbated by artificial intelligence. AdvertisementBut today's tech products feel built to sell a dream of the future rather than solve a customer's existing pains. As long as the tech industry is controlled by people who don't build things, it will continue to build products that help raise growth metrics rather than help consumers with tangible problems.

Persons: scammers hawking, Meta's, Hewlett Packard, Kevin Systrom, Mike Krieger, Adam Mosseri, Systrom, Krieger, Mosseri, Mark Zuckerberg, Instagram, Kylie Jenner, Kim Kardashian, Sundar Pichai, Prabhakar Raghavan, Raghavan, Ben Gomes, Gomes, it's, Sam Altman, Helen Toner, Ilya Sutskever, Larry Summers, Fidji Simo, Meta —, —, Steve Jobs, Steve Wozniak Organizations: Facebook, Google, Microsoft, Amazon, Oracle, Adobe, Meta, Builders, Apple, Xerox, HP, Department, Reuters Institute, Oxford University, Silicon Valley Locations: Silicon, Silicon Valley

☆ A top-10% fund manager over the last 10 years outlines the growth strategy that's helped him consistently crush his peers — and shares 4 of the best investments to make now
▼ + stars: | 2024-04-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Like many others, fund manager Jim Golan has made a fortune from mega-cap growth stocks. For the last 19 years, Golan has logged consistently solid returns as manager of the $2.2 billion William Blair Large Cap Growth Fund (LCGNX). Large, high-quality growth stocks have been in vogue since the early 2010s, though that doesn't explain why Golan's fund has excelled versus its peers. How to invest in large growth stocks — and 4 top picksTo impress Golan, stocks must have scale or other structural advantages that lead to success over his three- to five-year investing horizon. Below are four companies the leading fund manager is especially bullish about, along with the ticker, market capitalization, sector, and thesis for each.

Persons: Jim Golan, Golan, William Blair Large, David Ricci, Morningstar, —, Golan isn't Organizations: Growth, Business, Microsoft, Nvidia

☆ My 11-year-old has a phone. I only agreed to it as long as I could see his location.
▼ + stars: | 2024-03-19 | by ( Lindsay Karp | ) www.businessinsider.com time to read: +4 min

I agreed in 6th grade with the condition that he had to share his location with me. I also share location with my husband and it gives me peace of mind. But the main reason I agreed to get my 6th grader a cellphone is the "share location" feature. I see my husband's location tooBut we don't just use the share location feature for my son. The share location feature is the best perk of today's technology.

Persons: —, He'd, we'll, he'd, he's, there's, didn't, I'm, It's Organizations: Service

☆ As tech stocks slide, there's another giant that looks overextended. How to profit from the pullback
▼ + stars: | 2024-01-31 | by ( Tony Zhang | ) www.cnbc.com time to read: +4 min

On Wednesday, we started to see a little bit of the air taken out of today's bubble. We'll present a trade that wins if one of today's leading tech giants can't quite live up to the bubble hype. While almost all of today's tech and semiconductor companies generate significant revenue and profits — unlike the shells of the dot-com boom — the tech sector's performance has many parallels to the late 90's. Amazon looks stretched Looking at the short run, earnings for Amazon (AMZN) are on deck after the close on Thursday and at risk of a pullback with the rest of tech. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, I'm Organizations: Microsoft, AMD, UPS

☆ Surveillance business model of the internet fuels today's tech industry: Signal president
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSurveillance business model of the internet fuels today's tech industry: Signal presidentOnly a few actors, mostly in the U.S. followed by China, have the recourses to commercialize what we are calling AI and we need to understand AI as a derivative of the surveillance business model which threats our privacy, said Signal's President Meredith Whittaker.

Persons: Meredith Whittaker Locations: U.S, China

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas. The types of casino union jobs at risk could look drastically different five years from now, for example, when the Culinary Union's contract ends. We are filling the need in the market and we are bringing specialty coffee to more places.”But Werner said AI poses a real threat to casino union jobs that don’t require face-to-face interaction with customers — housekeeping, food preparation and cooks, for example. That's especially true for a people-pleasing tourist destination like the Las Vegas Strip, where customers expect top-notch service and experiences, including the latest trends in technology. That makes Las Vegas “a good place to test these things and see how customers react to it," he said.

Persons: Roman Alejo, ”, Ted Pappageorge, Pappageorge, “, Bill Werner, ” Pappageorge, Meng Wang, Wang, Werner, Alejo, ” Alejo, James Brooks Organizations: LAS VEGAS, Las, “, Culinary Workers, . Hospitality, Associated Press, University of Nevada, CES, Vegas, Culinary Union Locations: Las Vegas

☆ Cramer breaks down Datadog's rally, says tech will continue to see gains
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined enterprise software company Datadog 's Tuesday rally, saying the tech stocks' gains aren't over, and the company's success signals good news for peer stocks. "You had to believe in bowling, meaning the pin action that could come from hitting the front pin of the tech phalanx." Cramer said the stock's success also buoyed known partners like Meta , Shopify and ServiceNow , as well as tangential tech stocks. Cramer said this change in Datadog clients' habits could mean fewer problems for other tech and enterprise software companies. According to Cramer, today's tech rally indicates that last week's market gains won't be short-lived.

Persons: CNBC's Jim Cramer, Datadog, Cramer, Wall, I've Organizations: Meta

☆ Your Fitbit and Apple Watch may wind up hurting you
▼ + stars: | 2023-09-21 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +13 min

AdvertisementAdvertisementWhen numbers take overThe 10,000-step benchmark has generally been the baseline goal for smartphone apps and fitness trackers. When the Fitbit tracker launched in 2009, 45 years after Yamasa's gadget cemented the 10,000-steps ideal in the public consciousness, it kick-started a boom in fitness wearables and spawned a frenzy for health data. This flood of easily accessible health data has certainly had some positive effects. Many fitness-tracking products also incorporate social-sharing features, which can give us a better perspective on how our exercise habits stack up against our friends', providing a little healthy competition as motivation. Many health- and fitness-tracking apps and wearables issue notifications throughout the day to urge their users toward their movement goals.

Persons: I've, Amanda Paluch, —, Paluch, John Toner, Toner, Cathleen Kronemer, Louis, she's, Kronemer, there's, I'm, Kelli María Korducki Organizations: Apple, US Department of Health, Human Services, University of Massachusetts Amherst, University of Hull, Health, Washington University School of Medicine, — Locations: East Asia, St, New York City

☆ Cash in or lose out: Banks are turning to AI, cloud computing, and Web3 to gain competitive advantage and customer loyalty
▼ + stars: | 2023-09-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AI and cloud tech are giving some banks an edge over competitors and enticing brand loyalty. Traditional banks that ignore this reality risk losing loyal customers to digital banks that have emerged over the past few years, research suggests. Digital transformation is a must for banksWith online banking now the norm, digital transformation is no longer optional for banks. Legacy banking systems were not designed to provide the banking experience that people expect today," she said. As a result, banking customers and employees can view transactions in real time and deliver "a more seamless and personalized experience" for all stakeholders, she added.

Persons: Banks, Victoria Newton, Newton, Laura Merling, Merling, Jay Venkateswaran, WNS, Eno, Goldman Sachs, Nigel Vaz, Publicis, Publicis Sapient Nigel Vaz, Venkateswaran, Vaz, James Whybrow Organizations: Service, Starling Bank, Arvest Bank, Banking, Capital One, Microsoft, Bank of America, Amazon Web Services, Google, Economist Intelligence Unit, Arvest, Software AG, Software Locations: Wall, Silicon, It's, Starling, WNS, Morgan

☆ A career coach’s 4-step guide to using ChatGPT and LinkedIn for a successful job hunt
▼ + stars: | 2023-07-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

The age of online job hunting has led job seekers to make a critical mistake, according to career coach Sarah Doody. But when used correctly, technology like ChatGPT and LinkedIn can help a candidate dodge that mistake, says Doody. But features like LinkedIn Spotlights pull certain profiles out of the haystack and highlight them to recruiters. According to LinkedIn, Spotlights aim to help recruiters "prioritize candidates who are more likely to engage with you and your organization." Specifically, she suggests using it to identify the common themes within a job description, which will ultimately help instruct you on how to customize your application materials for that specific job.

Persons: Sarah Doody, Doody, you'll, you've Organizations: Professional, LinkedIn, ChatGPT Locations: manila, Glassdoor

☆ 10 Things in Tech: Microsoft employees roast CEO Satya Nadella, men use AI for dating profiles, and top investors for fledgling startups
▼ + stars: | 2023-06-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Moving forward, I'll be a senior reporter on our flagship newsletter, Insider Today. Insider Today takes you inside the biggest stories in business, including tech. We're working on revamping Insider Today, and we want your feedback. Please fill out this quick, five-question survey to let us know what you want to see in the newsletter. Before we say "Bye Bye Bye" here — see you soon at Insider Today!

Persons: I'm, Siu, you've, you'll, Rebecca Zisser, we've, Elon Musk, Steve Jobs, Asia Martin, Arantza Pena Popo, Oran Cummins, Satya Nadella, William Bullock, Robert, Teodora Danilovic, Michael Parks, Diamond Naga Siu, Lisa Ryan, Alistair Barr, Hallam Bullock Organizations: Getty, Apple, Microsoft, OceanGate Expeditions Locations: Tech, Silicon, Midtown Manhattan, York City, San Diego, New York City, Silicon Valley, London

☆ 10 Things in Tech: Shopify's midlife crisis, how to land deals with brands, and Microsoft's former human resources vice president shares advice
▼ + stars: | 2023-06-29 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Also, please let me know what you want to see in Insider Today. Startup studios like Fractal think of startup ideas, then hire founders to execute the vision. But multiple Fractal founders say their businesses are on life support. Many of them think it's because of how startup studios structure terms and conditions for investing — they take a massive chunk of ownership. Investors also prefer when startup founders create the ideas themselves.

Persons: I'm, Siu, Chelsea Jia Feng, Melia Russell, Stephanie Palazzolo, Tyler Le, Shopify's, Chris Williams, Lindsay Noah, Vermillion, Jim Vermillion, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Startup, Investors, Nike, Abercrombie, Amazon, OpenAI, Syracuse Land Bank, Leasing, Galactic, Space Station, Computing, Intel, Microsoft, MIT Locations: Tech, Syracuse , New York, Syracuse, New York, San Francisco, San Diego, Silicon Valley, London

☆ 10 Things in Tech: Digital nomad regrets, a longevity researcher’s morning routine, and sun activity
▼ + stars: | 2023-06-28 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In case you missed it: This is the last week of 10 Things in Tech. The EV company only has six gigafactories across the world: Fremont, California; Sparks, Nevada; Berlin; Shanghai; Austin, Texas; and Buffalo, New York. Each location is outfitted with solar panels, and Musk claims 100 gigafactories could supply the world with all of its energy. My colleague Graham Rapier takes us into the world of Tesla's gigafactories and breaks down what their futures could look like. In a world of remote work, they're trying to pay people the least amount of money to get work done (think freelancers and contractors).

Persons: I'm, Siu, let's, Elon Musk, Graham Rapier, gigafactories, Tyler Le, Allbirds, M0.0nshot, Gigi Chow, Elon Musk's, Walter Isaacson, it's, David Sinclair, Lewis Joly, cardiologists, Eid Mubarak, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: it's, EV, Employers, Paris Air, Storm Shadow, Interactive Entertainment, Tencent Locations: Tech, Fremont , California, Sparks , Nevada, Berlin, Shanghai, Austin , Texas, Buffalo , New York, Silicon, San Francisco, Croatia, Dubrovnik, Harvard, Le Bourget, Paris, France, Ukraine, New York, Florida, Barcelona, Spain, San Diego, Silicon Valley, London

☆ 10 Things in Tech: Google abandons smart glasses, lawsuits against real estate agents, and Snowflake CEO denies rumors of stepping down
▼ + stars: | 2023-06-27 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be bringing you our top tech stories in our flagship newsletter, Insider Today. What do you want to see in Insider Today? The new tech bro is also becoming louder and brasher — they're trying to make being a techie cool. My colleague Grace Kay breaks down the "peak tech bro" persona and dives into its transformation over time. It currently has four main models: Model 3, Model Y, Model S, and Model X.

Persons: I'm, Siu, Alistair Barr, Hallam Bullock, Nathan Rennolds, we'll, Mark Zuckerberg, Jeff Bottari, Bill Gates, Steve Jobs, Larry Page, Jeff, Bezos, Mark, Zuckerberg, —, Elon Musk, Grace Kay, Iris, Snowflake, Frank Slootman, Peek, ROMAN ROMOKHOV, Wagner, Tom Stuker, He's, Hope, Diamond Naga Siu Organizations: It's Tech, Insider, Tech bros, Google, ROMAN, Getty, United Airlines, Digital Summit Denver Locations: Sacramento, Tech, AFP, Asia, Singapore, Colorado, San Diego, Silicon Valley, London

☆ Summer's here, and a 5%-10% pullback in concentrated big cap tech may be too
▼ + stars: | 2023-06-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The risk of too great a concentration in big cap tech stocks is again back in focus. Many have been saying that a 5%-10% pullback is overdue, certainly for big cap tech. The correction may already be starting: many big tech names, particularly semiconductors, were down in the high- to mid-single digits last week. (market cap vs. country GDP) Apple $2.9 trillion France $2.9 trillion Source: Wells Fargo Microsoft bigger than Italy? "Using 1999 as our example, we wonder how much longer the current chart (Apple > France and Tesla > Taiwan) is sustainable," he writes.

Persons: Today's Russell rebalance, Wells, Chris Harvey, Harvey —, Russell, There's, David Faber, Wells Fargo's Chris Harvey, Tesla, Harvey, Dan Ives, Ives Organizations: NYSE, Nasdaq, Intel, AMD, Broadcom, Apple, Microsoft, Nvidia, Wells, today's Tech, General Electric, Cisco, Walmart, Nokia, Pfizer, ExxonMobil, IBM, Citigroup, Tesla, Big Tech Locations: France, Italy, Mexico, Taiwan, Wedbush

☆ 10 Things in Tech: Titan sub debris, tough questions at Microsoft, and kei trucks
▼ + stars: | 2023-06-23 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Scott Guthrie, Microsoft's executive VP of cloud and AI, oversees Azure and Microsoft 365 cloud software. Microsoft's cloud boss faces tough questions about pay and low morale, leaked messages show. Microsoft employees blasted the company's decision to pause pay raises and cut bonuses and stock awards ahead of a cloud meeting. Son told the company's annual shareholder meeting he believed his firm will be a winner in the AI race thanks to its investments. The tiny Japanese trucks are about 11 feet long and are typically limited to 25 miles an hour.

Persons: Nathan Rennolds, let's, Scott Guthrie, Stephen Lam, he'd, Satya Nadella, Kathleen Hogan, Dimitrios Kambouris, Twitter hasn't, Larry Ellison, Elon Musk's, David Tinson, Masayoshi Son, Son, Ziwei Li, Deb Liu, Elon, Mark Zuckerberg, Zuckerberg, Musk, it's, Read, Jack Sommers Organizations: US Navy, Microsoft, Twitter, Oracle, FIFA, Lyft, Getty, Meta Locations: London, Lyft, Japan

☆ 10 Things in Tech: Amazon Prime's FTC lawsuit, Instagram's top execs, and the high-risk trips popular with the wealthy
▼ + stars: | 2023-06-22 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

But the company had been warned of potential safety issues with the sub as long ago as 2018, a lawsuit says. Amazon Prime's FTC lawsuit. The Federal Trade Commission sued Amazon on Wednesday, accusing the company of luring customers into Prime subscriptions and creating a "labyrinthine" process to cancel them. After the FTC sued Amazon over its Prime membership signup and cancellation process, Insider compiled a list of the juiciest highlights from the lawsuit. Here's a look at other high-risk voyages popular with the wealthy, from Everest trips to $750,000 expeditions to the deepest point in the ocean.

Persons: Nathan Rennolds, David Lochridge, Tyler Le, Sylvia Duran Chen, Jasper, Tim Chen, Read, Ford, Tesla's Cybertruck, Jim Farley, Ford wasn't, Shopify, Here's, Hallam Bullock Organizations: Anadolu Agency, Getty, Amazon, FTC, Federal Trade Commission, Google, Gen, EV, Everest, Netflix Locations: London, Everest

☆ 10 Things in Tech: Low morale at Microsoft
▼ + stars: | 2023-06-21 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +5 min

Morale appears to be low at Microsoft. According to internal messages, those changes were another blow to morale, after Microsoft announced it was laying off 10,000 staff in January. In other news:The AGI House is the Bay Area's hottest AI hacker house, hosting dinners, hackathons, and fireside chats on a weekly basis. Founders and VCs are clamoring to get into a $68 million AI hacker house. AGI House, an 18,000 square foot Hillsborough mansion, serves as a hacker house and community hub for the Bay's exploding AI scene.

Persons: Hallam Bullock, Satya Nadella, Kathleen Hogan, Stephanie Palazzolo, ElevenLabs, Andreessen Horowitz, Wharton, Eddie Wu, Daniel Zhang, Wu, Meta, Ashley Flowers, Jordan Pettitt, Shona Ghosh Organizations: CBS, US Coast Guard, Microsoft, Workers, Tmall, Getty Locations: London

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

☆ 10 Things in Tech: Oracle rescinds job offers, Twitter is getting evicted, and CEOs predict what’s next
▼ + stars: | 2023-06-16 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Big thanks to my amazing colleagues Hallam Bullock, Nathan Rennolds, and Lara O'Reilly for covering the newsletter while I was out. My colleague Sonam Sheth, however, is quite confused as to why hundreds of other people are also watching it. This setup means Amazon gets to list more items as eligible for free Prime shipping without having to significantly expand warehouses. They have to ship over 99% of their orders on time with an order cancellation rate of less than 0.5%. The US gives Russia's nuclear program about $1 billion every year.

Persons: It's, I'm, Siu, Hallam Bullock, Nathan Rennolds, Lara O'Reilly, I've, Sonam Sheth, Scott Olson, Eugene Kim, They've, Read, Elon, Valentina Tereshkova, Con —, Tupac, Diamond Naga Siu, Alistair Barr Organizations: Wall Street, Getty, Oracle, Twitter, Ikea, Benz, Washington Locations: Colorado, Spain, Portugal, Paris, California, San Diego, San Francisco, London

☆ 10 Things in Tech: Google's WFH crackdown, mass layoffs are creating new founders, and Jack Dorsey's Apple Vision Pro worry
▼ + stars: | 2023-06-15 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Tech layoffs are fueling an influx of new founders building climate, health, and fintech startups. Microsoft CEO Satya Nadella said he liked to test AI using a poetry prompt to see if it had the "subtlety" to translate "deep meaning." Twilio's Joyce Kim said "predictive AI is going to be a core part of every tool that they use." The European parliament has voted to take steps to regulate AI technology such as ChatGPT, with its parliament backing a ban on the technology for biometric surveillance, emotion recognition, and predictive policing. Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning.

Persons: Nathan Rennolds, it's, let's, Sundar Pichai, Google's, hasn't, Simplyblock, Michael Schmidt, Robert Pankow, Jack Dorsey's, Satya Nadella, Uber, Twilio's Joyce Kim, Dara Khosrowshahi, Leigh Vogel, Elon, Kairan, Hallam Bullock Organizations: Google, Jack Dorsey's Apple, Microsoft, Summit, Getty, SpaceX, LinkedIn Locations: London, Google's, Simplyblock, Europe, New York City

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