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Airbnb is facing crackdowns around the world as cities say it is making housing shortages worse. AdvertisementAdvertisementAirbnb could move away from short-term getaways in favor of offering rentals for an entire year, the company's CEO has said. Brian Chesky described offering year-long rentals as a "huge opportunity" for Airbnb in an interview with the Financial Times. He suggested Airbnb could start hosting dining pop-ups, and that car rentals would be "the next thing" for the company to tackle. The move towards encouraging longer rentals is likely to face opposition from the growing list of major cities cracking down on Airbnb amid fears the platform is exacerbating housing shortages and pushing up rents.
Persons: Brian Chesky, , Chesky, Airbnb Organizations: Financial Times, Service, Financial, York, London Locations: Airbnbs, Bologna, Florence, Airbnb
Masayoshi Son said AI skeptics are "hallucinators" who will be "left behind." The Softbank founder believes that AI will surpass all human knowledge by 2030. Softbank is reportedly discussing a $1 billion deal with OpenAI and Jony Ive to create the "iPhone of AI." AdvertisementAdvertisementSoftbank CEO Masayoshi Son has slammed AI doubters as "goldfish" and "hallucinators" – and suggested that AI models will be smarter than every human on earth by the end of the decade. AdvertisementAdvertisementHis comments come amid an AI arms race, as major tech companies and investors pour huge amounts of money into artificial intelligence start-ups.
Persons: Masayoshi Son, Softbank, , , Son, Anthropic, OpenAI, Johnny Organizations: Service, Wall Street, Amazon, Financial Times, Apple Locations: Tokyo
Sam Bankman-Fried reportedly got a haircut from a fellow inmate for the first day of his criminal trial. The disgraced crypto entrepreneur is famous for his messy hair and casual dress sense. AdvertisementAdvertisementSam Bankman-Fried is famous for his unkempt curls and casual dress sense – but for the first day of his criminal trial in court, he brushed up his image. Bankman-Fried reportedly entered the courtroom with a new close-cut haircut and a freshly-pressed suit, according to CNBC. Sam Bankman-Fried is famous for his casual dress sense.
Persons: Sam Bankman, Fried, SBF, , Caroline Ellison, Gary Wong, FTX's, Lam Yik, Bill Clinton, Tony Blair, Anthony Scaramucci Organizations: Service, CNBC, Alameda Research, Bloomberg, Getty, British Locations: Brooklyn, Alameda, Bahamas
Meta could offer subscription versions of Instagram and Facebook in Europe. AdvertisementAdvertisementMeta has a new plan to navigate the European Union's tough new ad privacy rules – charge users $14 a month. AdvertisementAdvertisementThe new subscription tiers, which could roll out in the next few months are an attempt to comply with the EU's crackdown on personalized advertising, according to The Journal. The bloc's regulators ruled last year that Meta must give users the option to opt out of personalized ads based on their activity on their platforms. "Meta believes in the value of free services which are supported by personalized ads," said a Meta company spokesperson.
Persons: , Meta Organizations: Facebook, Wall Street, Service, Street, Apple, Meta Locations: Europe
Mike Jeffries faces allegations that he exploited men at sex events, per a BBC investigation. Abercrombie & Fitch said it was "appalled and disgusted" by these allegations. AdvertisementAdvertisementThe former boss of fashion giant Abercrombie & Fitch has been accused of exploiting men for sex. Abercrombie & Fitch told the BBC that it was "appalled and disgusted" by the alleged behavior of its former CEO. Abercrombie & Fitch did not immediately respond to a request for comment from Insider, made outside normal working hours.
Persons: Mike Jeffries, Fitch, , Matthew Smith, James Jacobson, Jeffries, Abercrombie & Fitch, Jacobson, Smith, David Bradberry, Barrett Pall, Brad Edwards, Abercrombie Organizations: BBC, Abercrombie, Service, Hamptons, Fitch
Artists say companies are already outsourcing entry-level work to generative AI. Artists were among the first to encounter generative AI. "Companies can use generative AI to throw a bunch of stuff at the wall and churn out thousands of concepts in an afternoon." After she first encountered generative AI, Eva used the Have I been Trained tool and found that several of her artworks had been used to train AI models. AMY OSBORNE/Getty ImagesZhao is also concerned about how generative AI may impact the next generation.
Persons: , Goldman Sachs, Eva Toorenent, she'd, Reid Southen, Reid, Karla Ortiz, It's, Eva, Ben Zhao, I'm, it'll, Ortiz, Midjourney, AMY OSBORNE, Zhao, Glaze Organizations: Service, IBM, BT, University of Chicago, Stability, Getty
Elon Musk said that he can't be antisemitic as he's "aspirationally Jewish" and has been to Israel. Musk has faced criticism over the level of antisemitic content on X since he took over the site. AdvertisementAdvertisementElon Musk described himself as "aspirationally Jewish" in a recent interview where he discussed the fallout with the Anti-Defamation League over the spread of antisemitic content on X. "I actually went to Hebrew preschool … I don't know if I'm genetically Jewish, maybe somewhere, but I'd say I'm aspirationally Jewish," he said. Musk is currently in a high-profile dispute with the Anti-Defamation League, an international Jewish non-profit that combats antisemitism.
Persons: Elon Musk, Musk, , Ben Shapiro, I've, Jonathon Greenblatt, Greenblatt Organizations: Service, Defamation League, Jewish, ADL, European Union of Jewish, Elon Locations: Israel
Kia and Hyundai are recalling 3.3 million cars and telling drivers to park outside due to fire risks. Kia and Hyundai thefts have soared after videos exposing security flaws in some models went viral. AdvertisementAdvertisementKia and Hyundai drivers have had a rough run in recent years. AdvertisementAdvertisementThe recall extends over a range of different Kia and Hyundai models, released between 2010 and 2017. Per the NHTSA, more than 3,000 Hyundai and Kia vehicles have caught fire in that time, injuring 103 people, and killing one.
Persons: , Kia Organizations: Kia, Hyundai, Service, Traffic Safety Administration, Consumer Locations: South Korea
Mark Zuckerberg showed off Meta's new photorealistic VR avatars in his first "Metaverse interview." Zuckerberg was mocked on social media last year for posting a selfie of his cartoonish VR avatar. AdvertisementAdvertisementMark Zuckerberg has demoed Meta's brand new photorealistic avatars, and they are scarily lifelike. And unlike the company's original Metaverse avatars , which were mocked for being legless, dead-eyed, and deeply disconcerting, these projections are extremely realistic. The photorealistic projections are a dramatic improvement over the cartoonish avatars used for Horizon Worlds, Meta's free VR gaming and social platform.
Persons: Mark Zuckerberg, Zuckerberg, , Lex Fridman, Meta, Zuckerberg's, Mark Zuckerberg Mark Zuckerberg Organizations: Service, Eiffel
Linda Yaccarino said X's election integrity team was "robust and growing" after reports of job cuts. But Elon Musk posted that the team was "undermining election integrity" and was "gone." Tense interview saw Yaccarino deny that she is "CEO in name only" and that Musk is hard to work with. AdvertisementAdvertisementX CEO Linda Yaccarino disputed reports that X is completely gutting its election integrity team, despite Elon Musk seeming to confirm this just hours before. "Oh you mean the "Election Integrity" Team that was undermining election integrity?"
Persons: Linda Yaccarino, Elon Musk, Yaccarino, , CNBC's Julia Boorstin, Musk, they're Organizations: Service
Elon Musk's tweet announcing he had found a new Twitter CEO came as a surprise to Linda Yaccarino. The then-NBC executive had to rush out of a meeting to explain the situation to her boss, the FT reported. AdvertisementAdvertisementLinda Yaccarino's reign as Twitter boss got off to a chaotic start after she was blindsided by Elon Musk's tweet announcing he had found a new CEO, according to a new report. — Elon Musk (@elonmusk) May 11, 2023Cavanagh accepted her explanation, but decided to release a statement announcing Yaccarino's departure the next day. The chaotic announcement was the first taste of what Yaccarino could expect as CEO of Twitter, which Musk renamed X in a surprise rebrand soon after she joined.
Persons: Elon Musk's, Linda Yaccarino, , Linda Yaccarino's, Yaccarino, Musk, Michael Cavanagh, I’ve, Elon, Cavanagh Organizations: Twitter, NBC, Cuban, Service, Financial Times, Comcast, Financial
An EU report found X has the highest proportion of Russian disinformation of any major social network. AdvertisementAdvertisementThe EU has warned that X, the social media company owned by Elon Musk, must clamp down on disinformation, after a study found that Russian propaganda was proliferating on the site. A report from the European Commission found that X, formerly Twitter, had the highest proportion of Russian disinformation of any of the major social media platforms, as Musk continues to overhaul the social network's anti-disinformation policies. The report examined 6,000 posts from Spain, Slovakia, and Poland made across a number of social media platforms. Posting on X, the company's Global Government Affairs team said that X was committed to complying with the Digital Services Act.
Persons: , Elon Musk, Musk, Vera Jourova, Mr Musk, Jourova, X Organizations: Service, Elon, Commission, Twitter, Bloomberg, European, BBC, EU, Google, Meta, Microsoft, Digital Services, company's Global Government Affairs Locations: EU, Spain, Slovakia, Poland, Ukraine
The new iPhone 15 might appeal to anyone who is upgrading from a model that dates from 2020 or earlier, such as the iPhone 12. Unless you're a hardcore iPhone fan, it's probably fine to go for the cheaper iPhone 14 if you're upgrading. AdvertisementAdvertisementThe iPhone 14 will feel like a big upgrade anywayApple's iPhone 14 Pro model. As the iPhone 15 hits shelves around the world, prices for last year's iPhone 14 — which Insider reviewed strongly — start at $699, $100 cheaper than the basic version of the latest model. AdvertisementAdvertisement"Ultimately the differences between the iPhone 14 and iPhone 15 aren't enormous.
Persons: , Ben Woods, Antonio Villas, Max, Mario Tama, Pro Max, Tim Cook, Justin Sullivan, Woods Organizations: Service, Apple, CCS Insight, Boas, European Union, Getty, Pro Locations: European
Microsoft is hiring a project manager for nuclear technology as it looks to power its AI data centres with nuclear energy. AdvertisementAdvertisementMicrosoft is exploring plans to use nuclear energy to power its AI data centres as it grapples with the huge amount of energy needed to run models like ChatGPT. The company is hiring a "principal program manager for nuclear technology" to assess how nuclear energy could be used to power the data centres hosting AI models, according to a job listing posted on Thursday. The job listing suggests that Microsoft sees nuclear energy as the way to meet this spiraling energy demand. Microsoft recently pledged to accelerate efforts to power data centers with renewable energy and reduce emissions, and plans to make its business carbon negative, water positive, and zero waste by 2030.
Persons: Organizations: Microsoft, Service, CNBC, Reactors, OpenAI
Outgoing Amazon exec Dave Limp thinks Amazon will "absolutely" start charging to use Alexa. He pointed to the huge costs of running AI models as the reason why. He added that the current version of Alexa will remain free, and that a paid version would need to demonstrate more advanced capabilities and usefulness. Generative AI models require huge amounts of computing power, with analysts estimating that OpenAI's ChatGPT costs $700,000 a day or more to run . Amazon has bet big on AI, with the company unveiling a new, AI-powered version of Alexa alongside updated versions of its Echo Frames and Carrerra smart glasses last week.
Persons: Dave Limp, Alexa, Limp, OpenAI, Amazon's, Insider's Ashley Stewart, Panos Organizations: Amazon, Service, Bloomberg, Alexa, Microsoft Locations: Wall, Silicon
X changes its app store tagline after users complain about confusing new name and logo. The social media platform has seen downloads fall since Elon Musk got rid of the iconic bird logo. The decision to rebrand the site was criticized by ex-Twitter employees, with one calling it "corporate seppuku." The app has changed its description on the app store from "Blaze your glory" to "Formerly Twitter," after the chaotic rebrand of the social media platform saw downloads of newly-christened X fall dramatically. Marketing experts slammed the rebrand as "completely irrational" and warned that it could wipe billions off the value of the social media platform.
Persons: Elon Musk, Eric Seufert, Seufert, tweeting, adieu, Walter Isaacson, Musk Organizations: Elon, Twitter, Service Locations: Wall, Silicon
Several major universities say they have stopped using AI detection tools over accuracy concerns. They say that tools built to spot essays written by AI could lead to students being falsely accused of cheating. Several major universities have stopped using AI detection tools provided by anti-plagiarism company Turnitin over fears that the technology could lead to students being falsely accused of cheating, according to a report from Bloomberg . Other students have reported being falsely accused of using AI by anti-plagiarism software. Turnitin said in a statement to Bloomberg that its AI detection software is not designed to be used to punish students.
Persons: OpenAI, ChatGPT, Turnitin, Markman, Vanderbilt, Annie Chechitelli Organizations: Service, Bloomberg, Vanderbilt, Vanderbilt University, Northwestern University, University of Texas Locations: Wall, Silicon, Texas
The company has started recruiting for its first human trials after receiving FDA approval. Neuralink is facing claims that monkeys implanted with its chips suffered painful deaths. "When a Neuralink is combined with Optimus robot limbs, the Luke Skywalker solution can become real." When a Neuralink is combined with Optimus robot limbs, the Luke Skywalker solution can become real.https://t.co/Tr5Pa4Xfte — Elon Musk (@elonmusk) September 20, 2023Tesla's Optimus robot, meanwhile, was unveiled in a demonstration at its AI day last year. Musk's comments came as Neuralink faced fresh controversy over the deaths of macaque monkeys implanted with the company's brain chip.
Persons: Elon Musk, Luke, Neuralink, Musk, Optimus, quadriplegia, Tr5Pa4Xfte — Elon, Musk's Organizations: Service, Securities and Exchange Commission, Responsible Medicine, Wired, SEC, FDA Locations: Wall, Silicon
Some retailers are fleeing San Francisco as fears grow over rising crime and a worsening economic environment. They continued, "We are excited to strengthen our presence in San Francisco and intend to test and try different formats to meet the needs of our San Francisco consumers for many years." Tayfun Coskun/Anadolu Agency via Getty ImagesChanel is also making moves in downtown San Francisco. The move came despite luxury stores in downtown San Francisco being targeted by a series of high-profile robberies. "We recently invested in renovating our Downtown San Francisco hub where our teams come together to develop new consumer experiences and product innovations.
Persons: Tayfun, Chanel, Yves Saint Laurent, Jay Watson, Alexander Spatari, Henrique Dubugras, Michael Tannenbaum, Brex's, Tannenbaum, It's, it's, Angela Hoover, Andi, Hoover Organizations: Foods, Service, Nordstrom, Westfield San Francisco Centre, Ikea US, Ikea, Bay Area, Anadolu Agency, Getty, Real, Arpels, Gap's San, Gap Inc, Navy, Gap, Downtown, San Francisco Locations: San Francisco, Wall, Silicon, Francisco, Westfield, San Francisco's, Bay, Union, Gap's, Gap's San Francisco, Banana, Sutter, Downtown San Francisco, Miami
Flexport's ex-boss Dave Clark moved his time at the company from "experience" to "education" on LinkedIn. Clark joined the company from Amazon in 2022, but last only a year before founder Ryan Petersen returned as boss. The former Amazon executive moved his year of working at Flexport from "experience" to "education" on his LinkedIn profile. AdvertisementAdvertisementAt the beginning of September, Clark left Flexport in a shock departure, with reports suggesting he was told to resign or be fired by founder Ryan Petersen. Founder and CEO Ryan Petersen hired Clark , the then-worldwide consumer CEO at Amazon, in June 2022 with the aim of expanding the company.
Persons: Dave Clark, Clark, Ryan Petersen, Petersen, Ryan, — Dave Clark, It's, … — Ryan Petersen, Flexport Organizations: Amazon, Service, Logistics, LinkedIn, Auburn University, University of Tennessee, Shipping Locations: Wall, Silicon, Flexport
Apple store workers in France are set to strike on the same day the tech giant launches the iPhone 15. Workers at France's 20 Apple stores are set to walk out on Friday and Saturday, the same time the company's latest iPhone is due to hit shelves. Apple unveiled the iPhone 15 at its "Wonderlust" event last week. The latest iPhone comes with a range of new features, including a customizable "action button" and a titanium body on the high-end Pro range. Some fans have been unimpressed by the new model, however, with the iPhone 15 being branded "boring" and "underwhelming" by some on social media.
Organizations: Apple, Service, Workers, Apple Retail, CGT, French, Liberation Locations: France, Wall, Silicon, Apple Retail France, Europe
The tech giant has revived employee perks in an attempt to boost staff morale, reports Bloomberg. Company merch, happy hours, and snack bars all saw cuts during Mark Zuckerberg's "year of efficiency." But Meta is now bringing them back as it tells staff to come into the office at least three days a week. A Meta spokesperson told Bloomberg that while the company was bringing back some perks, "Dinner, happy hour and company swag never really went away, merely adjusted given the pandemic and budgets." The revived perks, which also include a new coffee bar and earlier dinners, are part of Meta's renewed effort to lure staff back into the office.
Persons: Company merch, Mark Zuckerberg's, Mark Zuckerberg, swag, Meta's Organizations: Bloomberg, Company, Service, Meta Locations: Wall, Silicon, La Croix
Mark Zuckerberg joked about his obsession with the Roman Empire in response to a viral meme. His rival Elon Musk is also a fan, and suggested the cage fight between the two CEOs take place in the Colosseum. "Not sure if I think about the Roman Empire too much," the Meta CEO posted on Threads . The Facebook founder does in fact have a long-standing interest in the Roman Empire . Every day — Elon Musk (@elonmusk) September 15, 2023Zuckerberg is not the only tech CEO unable to stop thinking about the Roman empire.
Persons: Mark Zuckerberg, honeymooned, Elon Musk, Aurelia, Maxima's, Augustus, Marcus Aurelius, Zuckerberg, Elon Organizations: Service, New, New Yorker Locations: Roman, Rome, Wall, Silicon
Boss Masayoshi Son has been very enthusiastic about the chatbot, telling investors he uses it daily. The Japanese giant's Vision Fund is going on the offensive over AI despite some high-profile losses. The potential investment comes after boss Son told Softbank shareholders he was "chatting with ChatGPT everyday," in comments reported by Reuters . Son has also met with OpenAI boss Sam Altman in recent months, and told Softbank investors in June that he speaks to the AI startup boss "almost everyday." OpenAI and Softbank did not immediately respond to requests for comment from Insider, made outside regular US working hours.
Persons: Boss Masayoshi, Masayoshi, Son, ChatGPT, Sam Altman, Jesus, Yoda, Softbank Organizations: Financial Times, Service, Reuters, Wall Street, Vision, ARM Locations: Wall, Silicon, OpenAI, British
Elon Musk had an awkward moment when he brought his son X to a meeting with the Turkish president. Erdogan asked Musk "where is your wife?" X is one of three children Musk has had with pop singer Grimes, who Musk is separated from, and never married. asked Erdogan, as the two men exchanged small talk. AdvertisementAdvertisementMusk, who has been outspoken in his belief that people should have more children to prevent the world's population from collapsing, now has 10 known children with three different women.
Persons: Elon Musk, X, Erdogan, Musk, Grimes, Recep Tayyip Erdogan, We're, pic.twitter.com, 1eyl7tE3Kj, Turkey's Organizations: Service, SpaceX, Tau, Turkish, United Nations, General Assembly, Turkish Directorate of Communications, Twitter Locations: Turkish, Turkey, Wall, Silicon, San Francisco, New York
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