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☆ Advertisers are scrutinizing the value of AI tools as some early efforts fall flat
▼ + stars: | 2024-10-09 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

AdvertisementTwo years after OpenAI's ChatGPT and other chatbots launched, the advertising community's excitement over generative AI has come down to earth. The shift was evident at New York's Advertising Week, a four-day gathering this week that organizers expected 17,000 to attend. Last year, a Salesforce survey showed about three-quarters of marketers were or planned to use generative AI. Though enthusiasm about AI was tempered in the industry at this year's Advertising Week, there wasn't a widespread abandonment of the tech. Adtech company LiveRamp announced a pair of AI partnerships to help marketers find the right AI company for a given problem.

Persons: —, OpenAI's ChatGPT, Ashwin Navin, there's, Andrew Lipsman, I'm, Zaid Al, Qassab, He's, Let's, Samba's Navin, That's, NBCU, DoubleVerify, Nick Fairbairn, Joshua Nafman, it's, Nafman, Fairbairn, LiveRamp, Scott Howe, Howe Organizations: Publicis, WPP, Service, New, Samba, WPP —, Saatchi, Business, Google, Advertising, Media, Diageo

☆ HSBC exec says there's a lot of AI 'success theater' happening in finance
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Jaap Arriens | NurPhoto via Getty ImagesLONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC . One example he gave was a partnership that HSBC has in place with internet search titan Google on the use of AI technology anti-money laundering and fraud mitigation. Boteju stressed that Lloyds is "proceeding with caution" when it comes to exposing the bank's customers to generative AI tools. Generative AI, on the other hand, is a more nascent technology, according to the Lloyds exec.

Persons: Jaap Arriens, Edward J Achtner, Achtner, Ranil Boteju —, Nathalie Oestmann, ChatGPT, Klarna, headcount, Sebastian Siemiatkowski, Siemiatkowski, Oestmann, Boteju, Banks, we've, Bahadir Yilmaz, Yilmaz, It's, Johan Tjarnberg Organizations: NurPhoto, Getty, HSBC, Leadership, Lloyds Banking Group, NV Ltd, Royal Albert Hall, Microsoft, Google, BBC, NV, CNBC, Lloyds, ING Locations: London

☆ Stock futures are little changed as September consumer inflation report looms: Live updates
▼ + stars: | 2024-10-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading in New York City. U.S. stock futures were little changed Wednesday night as investors looked ahead to the release of September's consumer price index report. Futures tied to the Dow Jones Industrial Average traded near the flatline. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool. Economists polled by Dow Jones see core CPI, which excludes food and energy prices, rising by 0.2%.

Persons: Dow, Dow Jones, Stephanie Roth Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Federal, Wolfe Research, Delta Air Lines Locations: New York City . U.S

☆ How to Say No to Our A.I. Overlords
▼ + stars: | 2024-10-09 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Big tech brands like Google, Apple, Microsoft and Meta have all unleashed tech that they describe as artificial intelligence. Soon, the companies say, we’ll all be using A.I. The companies rely on user activity to train and improve their A.I. systems, so they are testing this tech inside products we use every day. And whenever you use the search tool inside Instagram, you may now be interacting with Meta’s chatbot, Meta AI.

Persons: A.I, Meta’s chatbot Organizations: Google, Apple, Microsoft, Meta, Apple Intelligence

☆ Tampa Bay's main hospital is built on a low-lying island. Hurricane Milton could push its defenses to the limits.
▼ + stars: | 2024-10-09 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +4 min

Tampa General Hospital is bracing itself for Hurricane Milton with an AquaFence flood barrier. AdvertisementAs Hurricane Milton approaches Florida's central-west coast, Tampa General Hospital, located on a low-lying man-made island, is bracing for disaster, and is preparing to put its flood defenses to the test. Although the fence was successful in protecting the hospital from Hurricane Helene a couple of weeks ago, Hurricane Milton may prove more challenging. A previous disaster-planning project, modeled after a fictional "Hurricane Phoenix" that was more devastating than Milton is expected to be, highlighted Tampa General Hospital's vulnerabilities. Tampa General Hospital did not immediately respond to a request for comment from Business Insider.

Persons: Milton, —, Hurricane Helene, Hurricane Milton, Tampa's, Jane Castor, Castor, Jennifer Crabtree, Crabtree, Erinn, Skiba Organizations: Tampa General, Hurricane Milton, Service, Tampa General Hospital, National Hurricane Center, Tampa Bay Times, Bloomberg, Business, Tampa Bay Business, Florida Office, Insurance Locations: Tampa, Florida's, Hurricane, Davis, Tampa Bay, Hillsborough, Hurricane Milton, Florida

☆ Stock market today: US stocks trade mixed with Fed minutes and rate outlook in focus
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US stocks traded mixed as investors looked ahead to the central bank's meeting minutes. Traders are anticipating a quarter-point rate cut in November. Monetary policy is in focus after an unexpectedly hot job report in September, fueling doubt over whether the Fed will issue another jumbo rate cut this year. "The tone of the Fed minutes should not change expectations of further rate cuts—the Fed is still scrambling to catch up with inflation slowing in the US, and started cutting rates late. AdvertisementAccording to Pantheon Macroeconomics, the Fed is more likely to begin cutting rates in 25-basis-point increments rather than issuing another 50-basis-point rate cut.

Persons: —, Paul Donovan Organizations: Service, Reserve, UBS Global Wealth Management, Pantheon, Fed, US Department of Justice

☆ Stock market today: US stocks close at all-time highs ahead of key inflation update
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Indexes hit fresh all-time highs ahead of the key inflation report for September due Thursday. AdvertisementUS stocks jumped on Wednesday as traders looked ahead to coming inflation data and took in the minutes of the Federal Reserve's last meeting. The stakes of the next inflation reading have risen after the big September jobs number, and Wall Street could be in for some volatility in the event of an upside surprise, Bank of America said this week. Central bankers predicted inflation would fall to 2% by 2026, while risks to economic strength were "tilted to the downside." According to the CME FedWatch tool, the odds for another jumbo-sized rate cut in 2024 have fallen to zero.

Persons: —, Josh Hirt, Oliver Allen Organizations: Service, Dow Jones Industrial, Investors, Nasdaq, Justice, Treasury, Here's, Fed, Bank of America, Vanguard, Pantheon

☆ TikTok's use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
▼ + stars: | 2024-10-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Of the many allegations against TikTok brought by a group of attorneys general, one stands out for its focus on the company's abusive use of its virtual currency. That currency "substantially harms children," and the livestreaming feature "exploits them financially," according to the lawsuit. Through TikTok's system, children buy the virtual tokens — TikTok Coins — with real money, and the company gets 50% of the revenue from the purchases, the lawsuit says. The suit says that TikTok "extracts" a commission of up to 50% from these exchanges without having obtained the necessary license. "If you make it look pretty and joyful and kind of innocent looking … it makes it easier to manipulate the children," Robins said.

Persons: ByteDance, TikTok, Brian Schwalb, Gabriel Robins, Robins, Brooke Erin Duffy Organizations: U.S . House, District of Columbia, TikTok, CNBC, Social, University of Virginia, Federal, D.C, Cornell University's Locations: TikTok, Culver City , California

☆ As AI innovation takes hold, business leaders need to think cross-functionally and keep learning, says Maggie Hulce, Indeed's chief revenue officer
▼ + stars: | 2024-10-09 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Maggie Hulce is Indeed's chief revenue officer and a member of BI's Workforce Innovation board. Cross-functional understanding, Hulce said, is an essential skill for today's C-suite as executives navigate the innovation juggernaut of artificial intelligence. How are you and other business leaders driving AI adoption in companies? You can have lots of different functional leaders who grew up in and have expertise in their function — but when you're solving customer problems, you're solving operational problems. These are customer problems, end to end.

Persons: Maggie Hulce, —, Hulce, Chris Hyams, it's Organizations: Service, Business, Pathfinder, Companies, Technology

☆ Google DeepMind CEO wins joint Nobel Prize in chemistry for work on AlphaFold
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

DeepMind researchers Demis Hassabis and John Jumper have won a share of the Nobel Prize in chemistry. AdvertisementDemis Hassabis, the cofounder and CEO of DeepMind, is one of three researchers to be awarded the Nobel Prize in chemistry. The pair were recognized for their use of AI to predict protein structures with the DeepMind tool AlphaFold. The other is about fulfilling a 50-year-old dream: predicting protein structures from their amino acid sequences. AdvertisementDeepMind has also released the AlphaFold Protein Structure Database, which includes free-to-access models of microscopic protein structures.

Persons: Demis Hassabis, John Jumper, DeepMind, —, Demis, David Baker, Hassabis, Heiner Linke, Shane Legg, Mustafa Suleyman Organizations: Service, Business, Chemistry, Google Locations: AlphaFold, London

☆ Instagram has surged to a new high among US teens, new data reveals
▼ + stars: | 2024-10-09 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +4 min

Instagram is the most used app among US teens, a new Piper Sandler survey found. The analysts found that 87% of teens said they used Instagram at least once a month. AdvertisementTikTok was the second most used social app, with 79% saying they used it monthly compared to 74% a year ago. Pinterest (41%), Twitter (30%), and Facebook (30%) rounded out the bottom in terms of monthly usage this fall. Related storiesBut while Instagram may have won the usage contest among US teens, TikTok was the most liked.

Persons: Instagram, Piper Sandler, TikTok, Snapchat, —, Adam Mosseri, Harry Stebbing's 20VC, Piper Sandler's, Meta Organizations: Service, Piper, Twitter, Facebook, Meta, DMs, Snapchat, Big Tech

☆ Russia cut off its troops from Discord, the video gaming comms tool they use to coordinate attacks in Ukraine
▼ + stars: | 2024-10-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Russian troops have been using Discord to coordinate drone attacks, but it was banned on Tuesday. Federal regulators said they blocked the gaming messaging platform because it could be used for crime. Discord allows users to join a closed group voice call and livestream to other users from their screens or cameras. One pundit channel, Military Informant, blasted Roskomnadzor's decision as "madness," while another sarcastically thanked the regulator for giving Russian troops another challenge to "bypass the consequences of another wise decision." Discord, Roskomnadzor, and the Russian defense ministry did not immediately respond to comment requests sent outside regular business hours by Business Insider.

Persons: —, Roskomnadzor, Anton Gorelkin, Vladislav Davankov, Davankov, Ekaterina Mizulina, Mizulina, Roman Alekhine, Roskomnadzor's, Alekhine Organizations: Service, TASS, Russian State, State Duma, Safe Internet League, Military, Russian, YouTube, VK, Russia's, Business Locations: Moscow, US, Ukraine, Russian, Russia, Bakhmut

I combed through Amazon’s many deal pages — through thousands of discounted products — to find the best October Prime Day deals. SKIP AHEAD Best Prime Day deals | More Prime Day sales | Best sales at other retailers | How I picked the best deals | Why trust NBC Select? 4.6-star average rating from 7,532 reviews on AmazonThese are some of the best wireless earbuds I’ve tested. Best Prime Day salesHere are the best Prime Day sales to know about. Best sales at other retailersHow I found the best Prime Day dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.

Persons: I’ve, I’ll, Rosalie Sparaco, you’ll, ”, Lindsay Schneider, shea butters, You’re, Alexa, Rebecca Rodriguez, It’s, TikTok Organizations: NBC, Big Deal, tote, Alexa, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter Locations: New York City, —

If you’re in need of cleaning products or want to stock up on some household staples, Amazon is currently discounting a handful of helpful products, one of which being Scrub Daddy sponges. The brand makes some of our favorite cleaning products (including its viral texture-changing sponge). Its six-piece cleaning bundle is currently on sale for less than $30 — its lowest price ever this fall Prime Day. I’m a freelance writer for NBC Select who has covered deals and sales for three years. To evaluate the quality of this Scrub Daddy deal, I ran it through price trackers like CamelCamelCamel to ensure it’s at its lowest price in at least three months.

Persons: haven’t, Zoe Malin, TikTok Organizations: NBC, Facebook, Twitter

☆ 13+ Best Vacuum Deals for Amazon Prime Big Deal Days
▼ + stars: | 2024-10-08 | by ( Cory Fernandez | Cory Fernandez Is A Commerce Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +6 min

Prime Big Deal Days is here, offering discounts on all types of vacuums during the 48-hour sale, exclusive to Prime members. SKIP AHEAD Best Prime Day vacuum deals | More Prime Day vacuum sales | Best vacuum sales at other retailers | How I picked the best vacuum deals | Why trust NBC Select? Best Prime Day vacuum salesHere are the best Prime Day vacuum sales to know about. All the products I recommend are highly rated with at least a 4.0-star average rating from hundreds of reviews. To round up the best discounts on vacuums during Prime Big Deal Days, I found highly rated products at their lowest price in at least three months.

Persons: I’ll, Bissell, Mili Godio, TikTok Organizations: NBC, Big Deal, Google, Dyson, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter Locations: baseboards

☆ Rate cuts were supposed to push mortgage rates lower. The opposite has happened.
▼ + stars: | 2024-10-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Fed easing hasn't led to lower mortgage rates, with the 30-year fixed rate actually rising since the first rate cut. Mortgage rates are closely linked to the 10-year US Treasury yield, which have also risen over the period. AdvertisementThe Federal Reserve's jumbo interest-rate cut in mid-September was welcome news to prospective homebuyers, with the expectation that a lower fed funds rate would help push mortgage rates lower. According to data from Mortgage News Daily, the average 30-year fixed mortgage rate has jumped about 47 basis points since the Fed rate cut, to 6.62% from 6.15%. Whether that will manifest itself in lower mortgage rates is up in the air.

Persons: —, Jerome Powell, Sonu Varghese, it's Organizations: Treasury, Service, Mortgage News, Carson, CME

☆ 5 AI hacks smart people use to accomplish more and stress less at work
▼ + stars: | 2024-10-08 | by ( Jeremy Schifeling | In Schifeling | ) www.cnbc.com time to read: +7 min

Here are five AI hacks smart professionals use to get the most out of AI:1. Head over to Google Forms, click the AI button at the top of the page, and tell the tool what you're looking to accomplish. Zoom In Icon Arrows pointing outwardsYou can use a similar approach beyond survey comments. Zoom In Icon Arrows pointing outwardsThe key here is that AI can do more than just spit out text. Zoom In Icon Arrows pointing outwardsAgain, you can adapt the prompt to help you prepare for any kind of presentation.

Persons: I’ve, you’ve, you've, We've Organizations: Khan Academy, Harvard Business School, University of Texas, Google

The Shark FlexStyle is an easy-to-use tool for creating a long-lasting blowout right at home. This one normally costs $319.99, but during Amazon Prime Day, it's $80 off at $239.99. ), there's no sense in waiting any longer — capitalize on the Amazon Prime Day sale, and you can have bouncy at-home blowouts without blowing your budget. The Shark FlexStyle isn't the only great deal available during Amazon Prime Day this year. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: Dyson, There's, it's, Watson Anthony, Airwrap, Remi Rosmarin, Rosmarin, We've Organizations: Business, Amazon Prime, Deal, Amazon, Crest

You can also find the AeroPress Coffee Maker, another top single-serve brewer, for the lowest price this year: $35 at Amazon. View at Amazon What we like Check mark icon A check mark. Quiet and fastCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Less than 5 inches wideCheck mark icon A check mark.

Persons: It's, Smart, Keurig, Creatista Organizations: Business, Deal, FlexBrew, Hamilton

☆ Dollar holds on to 7-week highs as traders consider U.S. rates outlook
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: +3 min

The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. That has kept the dollar on the front foot and surging to a multi-week high against the euro, sterling and the yen. The New Zealand dollar was 0.3% higher at $0.6144 ahead of the monetary policy decision on Wednesday. A majority of economists in a Reuters poll last week said the Reserve Bank of New Zealand will cut interest rate by 50 basis points.

Persons: Kieran Williams, Louis, Alberto Musalem, Shigeru Ishiba Organizations: Federal Reserve, Asia FX, InTouch, Reserve Bank of St, Treasury, Bank of, New Zealand, Reserve Bank of New Locations: Middle East, Asia, China, Bank of Japan, Reserve Bank of New Zealand

☆ 17 cozy comfort foods you can make in a slow cooker, according to chefs
▼ + stars: | 2024-10-08 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

A slow cooker or Crock-Pot can be a valuable yet underutilized tool in your kitchen. A slow cooker can make many cozy comfort foods, from stews to simple soups and roasted meats. Meats like brisket and short ribs become tender when made in a slow cooker. Go to newsletter preferences Thanks for signing up! Here are 17 cozy comfort-food dishes you can make in a slow cooker, according to chefs.

Persons: —, you've, chef's Organizations: Service, Business

☆ Gold eases as dollar firms; focus on Fed cues, U.S. data
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: +2 min

Spot gold was down 0.2% to $2,639.45 per ounce, as of 0303 GMT. U.S. gold futures lost 0.3% to $2,658.70. The dollar index hovered near a seven-week high, making bullion more expensive for holders of other currencies, while the benchmark U.S. Treasury 10-year yield topped 4% for the first time in more than two months. Investors are focused on the minutes of the Fed's latest policy meeting, due on Wednesday, followed by the U.S. Consumer Price Index on Thursday and the Producer Price Index data on Friday. "Looking ahead, if we see any upside surprises in the U.S. CPI numbers this week, this could boost further boost the dollar and pressure gold," Waterer added.

Persons: Gold, Tim Waterer, Israel, Bullion, Waterer, Louis, Alberto Musalem Organizations: Treasury, KCM Trade, U.S . Consumer, U.S, CPI, Louis Fed Locations: Singapore, Haifa, Lebanon, Gaza, St

View at Amazon What we like Check mark icon A check mark. Attractive, vintage lookCheck mark icon A check mark. Checked bag and carry-on bag in one matching setCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Mini LEDs with local dimming enable excellent contrastCheck mark icon A check mark.

Persons: I've, I'm, we've, Jolene Loafer, Pullover, Loren, LQ Organizations: Business, Deal, iRobot, Paris Chatelet Air, Samsung, Dolby, Alexa, Amazon, Amazon Philips, Philips

☆ Zillow will now show climate risk data on for-sale property listings
▼ + stars: | 2024-10-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

As intensifying natural disasters threaten growing swaths of the country, assessing an area’s climate risk has become an essential part of shopping for a new home for many Americans. According to a recent Zillow survey, more than 4 out of 5 prospective homebuyers consider climate risks when they shop. Home shoppers can explore climate risk data on Zillow’s site through color-coded maps or on individual listings. The feature not only shows a home’s risks today, but it also estimates a home’s climate risks 15 years and 30 years into the future, which are the typical lengths of fixed mortgages. “Climate risks are now a critical factor in home-buying decisions,” Skylar Olsen, chief economist at Zillow, said in a statement.

Persons: Zillow, ” Skylar Olsen, Hurricane Helene Organizations: CNN, First Locations: United States, Hurricane Milton, Florida, Hurricane

View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Uses same Coanda technology as the Dyson AirwrapCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: Dyson, we've, Rose, Skip, Braun, Gillette, shea, Heusen, Anne Klein, It's, you've Organizations: Business, Amazon, REVLON, Revlon, Gillette Venus Womens, Panasonic, PURA, Pura, palmetto, Amazon St, St, Sports Locations: Tropez

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