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☆ What Kris Jenner's former personal assistant learned from her that helped her launch her own company: 'Kris doesn't do anything that's not strategic'
▼ + stars: | 2023-12-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

A 27-year-old who briefly served as Kris Jenner's personal assistant has gone viral sharing her experiences. Madeline Steitz has since turned her focus to launching her own natural sweetener brand. AdvertisementA 27-year-old vegan baker and entrepreneur went viral last year on TikTok discussing her brief stint as Kris Jenner's personal assistant, saying the job helped her launch her own eponymous sweetener brand. "Kris doesn't do anything that's not strategic when it comes to operating business, and she's an absolute genius." After leaving, Steitz turned her attention to Maddie's Natural Sweeter, which she'd conceptualized in January 2022 and formally launched in October.

Persons: Kris Jenner's, Madeline Steitz, Steitz, —, Robbie Page, Jenner, Kylie Cosmetics, Kim Kardashian's Skims, Kendall, Kris doesn't, Abbott Kinney, Louis Cole, Cole, Peter Thiel's, she'd, Kris Organizations: Service, Business, TikTok, Abbott, LinkedIn, Thiel Capital, Jenner Communications Locations: Los Angeles, Cashmere , Washington

☆ Remember when Fran Fine’s fashion broke the ’90s TV show mold?
▼ + stars: | 2023-11-30 | by ( Marie Lodi | ) edition.cnn.com time to read: +6 min

Still, not many have had the cultural impact of “The Nanny” herself, Fran Fine. Over the years, fan accounts like What Fran Wore and the Fran Fine Fashion Database have documented all of the character’s roughly 700 outfits. Drescher in character as Fran Fine in a promotional photo for "The Nanny", pictured with the show's other principcal cast members. CBS/Getty ImagesCooper says that when she first envisaged Fran’s aesthetic, it didn’t reflect early ‘90s fashion trends. It’s no wonder that after all these years, fans of “The Nanny” and fashionable TikTokers continue to cosplay as Fran in swarms.

Persons: Cher Horowitz, Dionne Davenport, “, Carrie Bradshaw, ’, Rachel Green, ”, Fran Fine, Fran, Fran Drescher, Fran Wore, Drescher, Charles Shaughnessy, Maxwell Sheffield, Daniel Davis, Niles, Lauren Lane, Babcock, Madeline Zima, Grace Sheffield, Benjamin Salisbury, Tom, Maggie Sheffield, Brenda Cooper, Shawn Holly Cookson, Terry Gordon, Cooper, Todd Oldham, Dolce, Gabbana, Bob Mackie, Anna Sui, Brenda Cooper’s, Moschino, Leger, ” Cooper, Neiman Marcus, —, ” Moschino, Jennie Walker, ” Walker, Kate Spade, Gucci, Vivienne Westwood, Cooper didn’t, suede, “ Organizations: CNN, City, Flushing, Brighton Sheffield, CBS, Getty, Vogue, “ Locations: Versace, Italian, LA

☆ Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.
▼ + stars: | 2023-11-30 | by ( Madeline Stone | Jack Newsham | ) www.businessinsider.com time to read: +17 min

Wealth Assistants also said that if clients didn't break even in the first year, they would get their money back. BI spoke with 16 people who invested between $35,000 and $100,000 each to work with Wealth Assistants and said they lost their money. Ten days later, Wealth Assistants said it laid off its roughly 75 employees and planned to shut down by December 1. Selling customers on the entrepreneur lifestyleMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income. Cart.com sent Wealth Assistants a formal notice of termination in the fall after Wealth Assistants stopped paying its invoices earlier in the year, the representative said.

Persons: Mike Wimmer, Wimmer, they're, I'm, Ryan Carroll, Max K, Max O, —, Carroll, Carroll didn't, we're, Tina Luk, breakeven, Seth Hamilton, Andrew Pou, Suzy Arriola, Saheb Sabharwal, Cart.com, Moe O'Neil, weren't, Max, you've, it's, they've, We've, we've, Madeline Stone, Jack Newsham Organizations: Business, ., Federal Trade Commission, Amazon, Products, Nobu Dallas, Lamborghini, Facebook, Wealth, BI, FTC, DK Automation Locations: China, Texas, Nobu, California, Houston, Pennsylvania, mstone@insider.com

2023 was a tumultuous year for the venture capital industry. This year, Business Insider asked the most important VCs across the US to name the most promising VCs in their cities. Business Insider also asked the general public and last year's rising stars who they thought should make the cut. And just like last year, more of this year's rising stars are women than men, indicating that more women are being brought into the pipeline of the traditionally male-dominated venture capital industry. Scroll to see 2023's rising stars of venture capital, organized alphabetically by the investor's name.

Organizations: Silicon Valley Bank, Tech, Business

☆ On the eve of Tesla's next major release, Elon Musk gave a bizarre, long-winded interview about everything but the Cybertruck
▼ + stars: | 2023-11-30 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk didn't have much to say about the Cybertruck during an interview the day before its launch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk has previously called Cybertruck Tesla's "best product ever," and millions of fans have been waiting for the launch since 2019. Musk's panel started nearly 15 minutes late, leaving the audience — including the likes of hedge fund titan Bill Ackman and X CEO Linda Yaccarino — waiting. But after more than 20 minutes of defensive posturing, his mood shifted when Sorkin brought up Musk previously calling his mind "a storm."

Persons: Elon, —, Tesla, you'd, Andrew Ross Sorkin, Bill Ackman, Linda Yaccarino —, Kamala Harris, Bob Iger, Jamie Dimon, Harris, Sorkin, pluses, Dimon, Sorkin —, Musk, Jonathan, Bob, Iger, Yaccarino, Nietzsche, Sam Altman, he's, Sam, — he's Organizations: Service, Disney, JPMorgan, IBM, Apple, White House, —

☆ Sam Altman suddenly looks less powerful. The panic caused by OpenAI's near-death experience is to blame.
▼ + stars: | 2023-11-30 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

VCs threatened to sue OpenAI's board, and some jockeyed to get in on whatever new situation might replace the fizzled startup. And in OpenAI's case, Altman was brought back as CEO and all the employees stayed. AdvertisementUntil this moment, the consensus was that Altman came through this crisis looking even more powerful and crucial to OpenAI's future. 'The company will be totally fine without me'Silicon Valley just realized that the fate of the world's most important AI company rested in the hands of just one person. The startup's near-death experience unsettled the companies and developers that have come to rely on OpenAI's artificial intelligence platform.

Persons: OpenAI, Altman, —, Sam Altman, VCs, OpenAI's, Wesley Chan, Claude, Guillermo Rauch, Rauch, pinged Rauch, –, Bret Taylor, Madeline Renbarger Organizations: Service, Microsoft, FDIC, FPV Ventures, Google, Services Locations: Silicon Valley, It's

☆ Remember when Disney's Bob Iger floated selling ABC? Turns out, he was just testing the waters.
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Over the summer, Bob Iger seemed to hint that ABC and Disney's other networks were for sale. Since returning as CEO, Iger has turned his focus to streaming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "That was a means of my saying to Wall Street or the investment community that our heads were not in the sand about the challenges that those businesses were having," he said Wednesday. Perhaps Iger is once again testing the waters of the investment community.

Persons: Bob Iger, Iger, —, Disney, Byron Allen Organizations: Service, ABC, Disney, The New York Times, Summit, CNBC, Allen, Co, Nexstar Media Group, Allen Media Group, Geographic Locations: Sun Valley , Idaho

☆ Elon Musk just used very foul language to tell X advertisers to go away
▼ + stars: | 2023-11-29 | by ( Lloyd Lee | Madeline Berg | ) www.businessinsider.com time to read: +3 min

Elon Musk was questioned about his antisemitic comments on X during the New York Times' DealBook Summit. Musk repeatedly said that advertisers can go "fuck" themselves. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk repeatedly told companies who pulled advertisements from his social media platform X to "go fuck yourself," during an interview for The New York Times DealBook Summit on Wednesday. Over the weekend, the New York Times reported that X may lose up to $75 million from the advertiser exodus.

Persons: Elon Musk, Musk, Bob Iger, —, Andrew Ross Sorkin, Elon, it's Tesla, Iger, Linda Yaccarino Organizations: New York Times, Disney, Service, The New York Times, Summit, SpaceX, ABC, ESPN, IBM, Apple, Lionsgate, Media

☆ Jamie Dimon reveals what he would do as president: Tax people like Bill Ackman more
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Hedge-fund manager Bill Ackman asked JPMorgan CEO Jamie Dimon what he'd do if he were president. The CEO said he'd get rid of the carried interest loophole and increase the earned income tax credit. At the New York Times DealBook Summit this morning, audience member and hedge fund titan Bill Ackman asked JP Morgan CEO Jamie Dimon what he'd do if he were president. asked Ackman, who has previously called on Dimon to run for president. Despite votes of confidence from the likes of Ackman, Dimon has said that he won't run for president.

Persons: Bill Ackman, Jamie Dimon, he'd, —, Morgan, Ackman, Dimon, Robin Hood Organizations: Service, New York Times, Treasury, Democrats Locations: France

☆ Bitcoin Group: taking steps against money-laundering, terrorist financing
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing RightsBERLIN, Nov 29 (Reuters) - Germany's Bitcoin Group (ADE.DE) said on Wednesday it was taking measures to improve its internal control system, after the financial regulator BaFin ordered its subsidiary futurum bank to remedy shortcomings on money-laundering and terrorist financing. "The Bitcoin Group expressly points out that there are currently no indications of violations of money laundering and terrorist financing laws within the Group," the company said in a statement. On Tuesday, BaFin identified "severe deficits" at futurum bank involving its internal security measures, its fulfillment of due diligence obligations and its system for reporting suspicious activity. "We are actively working with BaFin to quickly address the criticized weaknesses in our internal processes, which have not kept pace with the company's growth in recent years," Bitcoin Group Chief Executive Marco Bodewein said in the statement.

Persons: Marco Bello, BaFin, Marco Bodewein, Rachel More, Madeline Chambers, Miranda Murray Organizations: REUTERS, Rights, Thomson Locations: Miami Beach , Florida, U.S, futurum

A view of the sign of Signa Holding on their headquarters in Vienna, Austria, November 6, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsVIENNA/FRANKFURT, Nov 29 (Reuters) - Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, the biggest casualty so far of Europe's property crash. Signa blamed its problems on external factors affecting its property business and pressure on high-street shopping. Fuelled by low interest rates, billions were funneled into property, which was viewed as stable and safe. Weakness in commercial real estate in the United States as offices remain empty after the pandemic and the struggles of major property developers in China have focused global attention on the sector.

Persons: Leonhard Foeger, Rene Benko, Signa, Switzerland's Julius Baer, Hannes Moesenbacher, Matthias Inverardi, Rachel More, Madeline Chambers, Catherine Evans Organizations: Signa, REUTERS, Rights, Chrysler, Austria's Raiffeisen Bank, Thomson Locations: Vienna, Austria, FRANKFURT, Germany, Switzerland, Hamburg, Bavaria, Hesse, Europe's, United States, China

Some of our top-rated duffel bags, travel wallets and hardside suitcases are on sale, as well as the travel essentials that Buy Side staffers always pack for smooth trips. AmazonAmong the ton of deals the mega-retailer is offering for Cyber Monday, we found these great sale prices on travel necessities. Dagne DoverDagne Dover’s neoprene travel gear has made it onto our lists of the best gym bags and fanny packs and travel must-haves, and for good reason. MonosMonos’ sleek luggage, including rolling bags, duffels and backpacks, is on sale for Cyber Monday—you can save up to 40% sitewide. Also shop this versatile luggage set and large spinner if you’re in the market for hardside travel gear.

Persons: Madeline Diamond, Bellamy Richardson, Béis, Cuyana, Sons Lo, you’ve, We’ve, it’s, You’ll, Now’s Organizations: Sons, Catalina, luxe Locations: Calpak

☆ Meet the founder of the Failure Museum, an exclusive collection of swag from companies that went bust
▼ + stars: | 2023-11-25 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

Norwest partner Sean Jacobsohn started collecting objects from failed businesses a year ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To make it into the museum, the failure has to be a physical item — no NFTs allowed, Jacobsohn said. Some even offer to donate failed business swag as a way of getting in his rolodex. He's currently scheduled to lead a guest lecture on the subject for the class "Avoiding Startup Failure,' he mentioned.

Persons: Sean Jacobsohn, he's, it's, —, Jordan Poole, Jacobsohn, Sean Jacobsohn's, freebie, Jacobsohn's, Mattel, Allan, Ken's, Michael Cera's, Harley Davidson's, Elizabeth Holmes, He's, you've Organizations: Service, Bay Area, Norwest Venture Partners, Golden State Warriors, Business, Mattel, eBay, mater, Harvard Business School Locations: Bay, cologne

☆ The 29 Best Holiday Gifts to Shop This Black Friday
▼ + stars: | 2023-11-24 | by ( Buy Side Staff | ) www.wsj.com time to read: +15 min

To help you shop for nice prices, we limited our list to our favorites that are on sale now for Black Friday. One thing I have my eye on is this Nyx Butter Gloss Holiday Gifts Set with 14 full-size lip glosses in a variety of colors. She loves color, but she also has a goth streak, so I wasn’t surprised she asked for black nail polish. It would make a great gift for a college student, new grad or really anyone who could use a travel gear upgrade. It’s a great set to update your kitchen or give as a gift this holiday season.” —Emily Welsh, VP and general manager

Persons: We’ve, I’ll, Harry Potter, ” — Aly J, Barbie Dreamhouse, I’d, Barbie, Don’t, Emily Welsh, ”, Emily Schwartzberg, Matte Black, Matte White, Madeline Diamond, Tween, Olive, Jessica Woodbury, cocotte, Staub, Astrid Stawiarz, Nick Guy, ” — Ian Salisbury, Cashmere, I’ve, PJs, ” — Emily Welsh, Charming, Mario, ‘, Cozy, it’s, Susan “, Susan, Anaya, There’s, ” — Leslie Yazel, we’ll, Philip Asquith, It’s, ” — Bellamy Richardson, I’m, Buddy, nutcrackers, Luxe, Augustinus Bader, Rich Cream, ” — Irma Sahinovic, they’re, Brittany Nguyen Organizations: Side, Black, Yale, Bluetooth, Apple, Mario Kart, PlayStation, Target, Saks, Olive Oil, Amazon, Chic Locations: Ulta, Pima, Los Angeles, Olive, Ojai , Calif, Europe, The

☆ Shopping feels like an addiction around the holidays for a reason. Experts explain why
▼ + stars: | 2023-11-24 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

Between the decorations, feasts and gift-giving, the winter holidays give us plenty of reasons to spend money, which human brains find rewarding. Why our brains like shoppingIt’s no surprise that shopping feels good — it feeds our brains’ rewards systems. On top of that, many people are paid lots of money to make shopping feel even more rewarding, Duhaime said. Internet shoppingThe sacrifices needed to buy holiday gifts and goods drastically decrease when you go online, Duhaime said. Less shopping, more holiday cheerAs much as we want to give our families the best holidays ever every year, more shopping doesn’t always bring us closer to that goal, Duhaime said.

Persons: you’ll, ”, Ashish Bhatt, Bhatt, “, Ann, Christine Duhaime, Duhaime, Alexandra Cromer, Cromer Organizations: CNN, Addiction Center, Disorders, Harvard Medical School, Massachusetts General Hospital, Mental Health Services, “ Retailers Locations: Massachusetts, Boston, Richmond , Virginia

☆ 20 women in venture capital who made partner or higher at firms like Khosla Ventures and GV in 2023
▼ + stars: | 2023-11-24 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +1 min

The venture capital industry is overwhelmingly male. But more firms made moves to close the gender gap in 2023 by hiring and promoting women to partners. Startups and venture capital are still overwhelmingly boy's clubs — but each year, more and female investors are claiming their seat at the table. Business Insider is recognizing the women in venture capital who made partner or general partner for the first time in 2023. You can read more about Europe's new female partners here.

Persons: Alice Brooks, Jennifer Campbell Organizations: Khosla Ventures, Business

☆ I started my natural-candle brand on Amazon with just $500. I became a top seller and now save 15 hours a week with ad tools.
▼ + stars: | 2023-11-23 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

My brand, Hemlock Park, was born in Los Angeles during the 2020 COVID-19 lockdowns. More than 2,000 stores in the US, Canada, Europe, and Asia now stock Hemlock Park candles. Over time, I realized it wouldn't be sustainable to run the Amazon business and oversee sourcing, manufacturing, production, and shipping. These days, Hemlock Park generates about 60% of its sales from Amazon, 30% from wholesale channels, and 10% from the Shopify store. When I was getting started, Amazon told me that there were over 5,000 candle sellers on the platform and that it would be hard to break through.

Persons: Mikey Kim, I'd, Goldman Sachs, Marcus, I've, haven't, Amazon, We're Organizations: Business, Amazon Lending, Amazon Locations: Nevada, Los Angeles, Canada, Europe, Asia, LA

☆ VCs didn't care about OpenAI's weird board structure. It was all about investing in Sam Altman and its 'transformative' tech.
▼ + stars: | 2023-11-22 | by ( Madeline Renbarger | Vishal Persaud | ) www.businessinsider.com time to read: +5 min

OpenAI's venture capital investors weren't thinking about its mission to serve "humanity" by developing artificial intelligence. After Altman's ouster, Vinod Khosla, an early investor in OpenAI, came to his defense despite the criticism. OpenAI's complex and unique corporate governance structure meant that VCs could invest in the capped profit entity, but never earn any influence over the nonprofit board of directors, all of whom were either cofounders or appointed outside AI experts. The board structure and its governance are all likely to change as part of the deal to bring Sam Altman back as CEO of OpenAI. The purpose of the newly formed OpenAI board – consisting of current board member D'Angelo, former US Treasury Secretary Larry Summers, and former Salesforce co-CEO Bret Taylor – is to vet and potentially appoint an expanded board of up to nine people, and that Microsoft and Altman want board seats, The Verge reported.

Persons: Sam Altman, OpenAI, Altman, VCs, Sam, Altman's, Vinod Khosla, Yunus, Khosla, Wesley Chan, Greg Brockman, Ilya Sutskever, Tasha McCauley, who's, Joseph Gordon, Levitt, Helen Toner, Adam D'Angelo, Karthee Madasamy, it's, David Sacks, D'Angelo, Larry Summers, Bret Taylor – Organizations: Business, Tiger Global Management, Khosla Ventures, Sequoia Capital, Microsoft, FPV Ventures, Rand Corporation, Georgetown's Center for Security, Emerging Technology, MFV Partners, Qualcomm Ventures, Ikea, Bosch, Novo Nordisk Foundation, Bertelsmann Foundation, Carlsberg Foundation, Craft Ventures Locations: OpenAI, Silicon Valley, Hollywood

☆ Pressure mounts on German government to find way out of budget hole
▼ + stars: | 2023-11-22 | by ( Holger Hansen | ) www.reuters.com time to read: +4 min

The court ruled the budget manoeuvre was incompatible with the debt restrictions enshrined in Germany's constitution. The pressure is even more intense as talks for next year's budget are on the final stretch. Highlighting the gravity of the situation, the government has already imposed a freeze on most new spending commitments on ministries. "German industry is looking at the current political situation with the greatest concern," said Siegfried Russwurm, president of the BDI industry association. One obstacle to reforming the debt brake, which restricts Germany's structural budget deficit to the equivalent of 0.35% of gross domestic product, has been Finance Minister Christian Lindner.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Chancellor Olaf Scholz's, Siegfried Russwurm, Holger Hansen, Christian Kraemer, Andreas Rinke, Madeline Chambers, Miranda Murray, Alex Richardson Organizations: Finance, Climate, Europe's, Social Democrat, Greens, Free Democrats, Fund, Reuters, Ukraine, Greens Economy, U.S, Intel, European, Thomson Locations: BERLIN, reallocating, Berlin, Ukraine

As Open AI employees celebrated the return of CEO Sam Altman with a five-alarm office party , OpenAI software engineer Steven Heidel was busy publicly rebuffing overtures from Salesforce CEO Marc Benioff. Heidel was one of more than 700 OpenAI employees who's threatened exodus halted a would-be mutiny at one of Silicon Valley's most important AI companies. He was previously a scientist at Facebook AI Research and worked as a member of Google Brain under supervision of Prof. Geoffrey Hinton and Ilya Sutskever. Alec Radford: Radford was hired in 2016 from a small AI company he founded in his dorm room. Tao Xu : technical staff, worked on GPT4 and WhisperChristine McLeavey : technical staff, with contributions to music-related productsChristina Kim : technical staffChristopher Hesse : technical staffHeewoo Jun : technical staff, researchAlex Nichol : technical staff, researchWilliam Fedus: technical staff, researchIlge Akkaya: technical staff, researchVineet Kosaraju : technical staff, researchHenrique Ponde de Oliveira Pinto : technical staffAditya Ramesh : technical staff, developed DALL-E and DALL-E 2Prafulla Dhariwal : research scientistHunter Lightman : technical staffHarrison Edwards : research scientistYura Burda : machine language researcherTyna Eloundou : technical staff, researchPamela Mishkin : researcherCasey Chu : researcherDavid Dohan : technical staff, researchAidan Clark : researcherRaul Puri : research scientistLeo Gao : technical staff, researchYang Song : technical staff, researchGiambattista ParascandoloTodor Markov : Machine learning researcherNick Ryder : technical staff

Persons: Sam Altman, Steven Heidel, Marc Benioff, Heidel, Altman, Mira Murati, Murati, Brad Lightcap, Lightcap, Jason Kwon, Kwon, Wojciech Zaremba, Geoffrey Hinton, Ilya Sutskever, Alec Radford, Radford, OpenAI, Peter Welinder, He's, Github Copilot, Anna Makanju, Andrej Karpathy, OpenAI's, Michael Petrov, Petrov, Greg [ Brockman, Miles Brundage, Brundage, John Schulman OpenAI, Srinivas Narayanan, Scott Grey, Grey, Bob McGrew, Research Che Chang, Lillian Weng, Safety Systems Mark Chen, Frontiers Research Barret Zoph, Peter Deng, Jan Leike Evan Morikawa Steven Heidel Jong Wook Kim, Tao Xu, Christine McLeavey, Christina Kim, Christopher Hesse, Heewoo, Alex Nichol, William Fedus, Henrique Ponde de Oliveira Pinto, Aditya Ramesh, Hunter Lightman, Harrison Edwards, Yura, Tyna, Pamela Mishkin, Casey Chu, David Dohan, Aidan Clark, Raul Puri, Leo Gao, Yang, Giambattista Parascandolo Todor Markov, Nick Ryder Organizations: Business, BI, OpenAI, Khosla Ventures, Facebook, Research, Google, Tesla, U.S . Department of Energy, Oxford University, Safety Systems, Frontiers Research Locations: Albania, Canada, OpenAI

Their options include drawing up a supplementary budget for 2023 and suspending Germany's self-imposed debt brake before reinstating it for next year. "Our goal is to discuss the budget quickly but with due care," said a joint statement of ruling party lawmakers. The delay has heightened uncertainty about spending in all areas of the German economy and meant the 2024 budget might not be concluded before the end of the year. "I firmly assume that the commitments for Intel and TSMC will remain," a government source said, adding: "This is very important to the chancellor, as well as to the economy minister." This will happen in the course of next early 2024 and we will see how far hydrogen is available," CEO Miguel Lopez said.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Olaf Scholz's, Scholz's, Siegfried Russwurm, TSMC, Scholz, Miguel Lopez, Holger Hansen, Christian Kraemer, Victoria Waldersee, Andreas Rinke, Madeline Chambers, Matthias Williams, Miranda Murray, Alex Richardson, Christina Fincher Organizations: Finance, Climate, Government, Ukraine Industry, Intel, TSMC, Wednesday, Social Democrat, Greens, Free Democrats, Fund, Eurasia Group, U.S, BMW, Volkswagen, Thomson Locations: TSMC BERLIN, Germany's, Ukraine, EU, Saxony, Anhalt, Berlin, Germany

☆ German court ruling could cost Intel billions of euros in subsidies - state minister
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsBERLIN, Nov 22 (Reuters) - The negative court ruling on German finances last week could cost Intel billions of euros in subsidies for planned chip-making plants in the state of Saxony-Anhalt, the state economy minister was quoted as saying by magazine WirtschaftsWoche. Berlin had agreed subsidies worth nearly 10 billion euros with the U.S. chipmaker, a person familiar with the matter had told Reuters when Intel announced its plans. "When Germany cannot afford such future projects like Intel anymore, then the economic damage will be enormous and the image damage gigantic," Sven Schulze, economy minister of Saxony-Anhalt was quoted as saying. Reporting by Matthias Williams; Writing by Sarah Marsh; Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sven Schulze, Matthias Williams, Sarah Marsh, Madeline Chambers Organizations: REUTERS, Rights, U.S, Reuters, Intel, Thomson Locations: Saxony, Anhalt, Berlin, Germany

☆ 5 Trends to Bet Your Career On
▼ + stars: | 2023-11-22 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Innovation undoubtedly drives business growth — but it also powers new and exciting career opportunities. Artificial intelligence probably comes to mind as one example, especially in the wake of generative AI, but that's not the only story. AdvertisementIn this series, 5 Trends to Bet Your Career On, Business Insider is highlighting five fast-moving trends that are activating new professional opportunities for those just starting out, as well as those looking for something new. Each of the trends is explained in detail, with an accompanying essay from someone who has chosen that path. Credits:Series Editors: Madeline Berg, Lauryn Haas, Julia Hood, Manseen Logan, Nathan McAlone, Josée Rose, Bartie Scott, Debbie Strong.

Persons: that's, Madeline Berg, Lauryn Haas, Julia Hood, Manseen Logan, Nathan McAlone, Josée Rose, Bartie Scott, Debbie Strong, Marta Biino, Catherine Boudreau, Alyshia, Madison Hoff, Aaron Mok, Amanda Perelli, Noah Sheidlower, Aria Yang, Jinyoung Chang, Rodriguez, Bryan Erickson, Taylor Tyson, Rebecca Zisser Organizations: Business Locations: Alyshia Hull

☆ With OpenAI's future in limbo, its startup customers are looking to jump ship to other AI models offered by rivals Anthropic and Meta
▼ + stars: | 2023-11-21 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

With Sam Altman's potential return to OpenAI still in question, one group is also left with a lot of uncertainty: OpenAI's startup customers. Those apprehensions were further worsened Monday, when over 700 of OpenAI's employees threatened to resign if he wasn't reinstated. This story is available exclusively to Business Insider subscribers. Several startup founders told Business Insider that they were considering switching to an open source model like Meta's Llama 2, or Anthropic's Claude. Still, several customers like Takeoff AI founder McKay Wrigley are switching to Microsoft's Azure service, which sells copies of OpenAI's models and other models.

Persons: Sam Altman's, OpenAI, Altman, wasn't, Claude, James Blackwell, McKay Wrigley, Sam Altman, Greg Brockman, Morgan Stanley, Wrigley, Charlie Dolan, he's, Anthropic, Guillermo Rauch, Matt McIlwain, We've, McIlwain, Alistair Barr Organizations: Business, Google, Services, Microsoft, OpenAI, Bank Locations: Anthropic

☆ From black gold to green power: Texas, weirdly, is leading America's clean energy future
▼ + stars: | 2023-11-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +16 min

John DavisDeals like Davis' have made Texas — America's oil capital for more than a century — the top producer of renewable energy in the US. The state has long generated the most wind power and is second only to California as a solar-energy producer. The high-stakes battle for Texas' energy future is a microcosm of how tricky America's green transition is shaping up to be, especially when politics are involved. Slowing down renewable energy could cost Texas in the long term, both economically and socially. The coalition seems to be growing stronger, even as Texas politicians shift further to the right on issues beyond renewable energy.

Persons: John Davis, Davis, Greg Abbott, Critics aren't, there's, George W, Bush, Rick Perry, Abbott, Winter Storm Uri, hasn't, it's, It's, Judd Messer, Madeline Gould Laughlin, Michael Looney, San Angelo Chamber of Commerce Brent Bennett, Bennett, Messer, That's, Enel's Laughlin, Enel, Sandhya Ganapathy, Catherine Boudreau Organizations: Menard, RES, Texas, Republican, Texans, Power Alliance, John Davis Texans, University of Texas, Winter Storm, ERCOT, Bloomberg, Texas Public Policy Foundation, Texas Energy Fund, Advance Power Alliance, San, San Angelo Chamber of Commerce, Chamber of Commerce, ExxonMobil, Chevron, West Texas Chamber of Commerce, Lone Star, EV Locations: North Dakota, Texas, America, Nowhere, Menard , Texas, Concho County , Texas, California, Menard, Austin, San Angelo, Midland , Texas

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