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☆ Apple CEO Tim Cook says he uses ChatGPT and is excited about the chatbot
▼ + stars: | 2023-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Tim Cook didn't blink when the CEO was asked whether he uses ChatGPT. Cook has been cautious about generative AI, while other CEOs have been saying 'AI' over and over. Apple CEO Tim Cook said he uses ChatGPT and is excited about the chatbot, during an interview on Good Morning America. That last bit is Tim Cook code. "It's very important to be deliberate and thoughtful on how you approach these things," Cook said during an Apple earnings call earlier this year.

Persons: Tim Cook, Cook, Microsoft's Bing, Google's Bard Organizations: Apple, Street Journal, Morning, Microsoft, Google Locations: OpenAI

☆ Why are there no photos of Tim Cook and other Apple executives wearing the company's Vision Pro headset?
▼ + stars: | 2023-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Top Apple reporter Mark Gurman noted there are no photos of Tim Cook wearing the Vision Pro headset. At the end of a busy day covering Apple's latest gadget, reporter Mark Gurman noticed something strange: There were no images of CEO Tim Cook or other Apple executives wearing the company's new Vision Pro headset. "Unless I missed something, it is very curious to me why there are no photos of Tim Cook or other Apple executives actually wearing the Vision Pro. Steve Jobs with the first iPhone APThis time, the Vision Pro device was shown on the faces of various models, who were mostly women. Various theories are being floated on why Cook and other Apple executives haven't been pictured wearing the devices.

Persons: Mark Gurman, Tim Cook, Mark Zuckerberg, Steve Jobs, Cook, haven't, Zac Hall, Apple, he's, Phillip Shoemaker Organizations: Apple, Morning, VR, Apple App

☆ The internet is losing it over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product-design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro was just another pair of nerd goggles that would make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. "This sounds like the disappointed crowd from Wii sports," a tweet about the viral video said.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, barreling, gwyneth paltrow, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, Apple Locations: Cupertino

☆ Apple's Vision Pro has a familiar fatal flaw: They are nerd goggles that will make most people look uncool
▼ + stars: | 2023-06-05 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

This is the reality for Apple's Vision Pro mixed-reality headset: It's another pair of nerd goggles that will make most people look decidedly uncool. For now, the Vision Pro has failed to do pull this off. Its hard to imagine Apple Vision Pro ever becoming cool. Would she be impressed by a guy wearing a $3,499 Apple Pro Vision headset? The ultimate goal is probably to pack all the prowess of the Vision Pro into a cool slim pair of glasses.

Persons: Scott Galloway doesn't, it's, Max, Apple, —, Scott Galloway, Mark Gurman Organizations: Apple, Apple's, NYU, Apple Watch Locations: New York City, New York

☆ US banks could face 20% hike to capital requirements - WSJ
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average, the Wall Street Journal reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year. Regulators are on track to propose the changes as early as this month, the WSJ reported, citing people familiar with the matter. Fed Vice Chair for Supervision Michael Barr said the central bank was "carefully considering" rule changes for larger regional banks. The WSJ said that the precise amount of capital requirements will depend on the bank's business, with U.S. megabanks with big trading businesses expected to face the largest increases. Banks such as Morgan Stanley (MS.N) and credit card giant American Express (AXP.N) that are heavily dependent on fee income, such as from investment banking or wealth management, could also face large capital increases, the WSJ said.

Persons: Michael Barr, Banks, Morgan Stanley, Baranjot Kaur, Savio D'Souza Organizations: Wall Street, Regulators, WSJ, U.S, U.S . Federal, Congress, American, American Express, Reuters, Thomson Locations: U.S, U.S ., Bengaluru

☆ Kathleen Folbigg: Mother who served 20 years for killing her four babies pardoned
▼ + stars: | 2023-06-04 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Folbigg was jailed in 2003 on three counts of murder and one of manslaughter following the deaths of her four babies over a decade from 1989. As recently as 2019, an inquiry into her convictions found there was no reasonable doubt she had committed the crimes. But another inquiry began last year after new scientific evidence emerged that provided a genetic explanation for the children’s deaths. Examination of the babies’ remains failed to find any physical evidence they’d been suffocated, but without another plausible reasons to explain their deaths, suspicion focused on Folbigg. During Folbigg’s 2003 trial, the prosecution used “coincidence and tendency” evidence to allege that Folbigg had also killed Caleb.

Persons: Australia CNN —, General Michael Daley, Kathleen Folbigg, Daley, ” Daley, Folbigg, Sophie Callan, Folbigg’s, ” Patrick, Craig Folbigg, she’d, Caleb, Patrick, Sarah, Laura, Graham Barr, Barr, ”, Laura Folbigg, Shutterstock, ’, Tom Bathurst, Laura – Bathurst, “, Bathurst, “ We’ve, We’ve, You’d Organizations: Australia CNN, New South Wales, South, South Wales Supreme, New South, New South Wales Supreme Locations: Brisbane, Australia, NSW, South Wales, Newcastle, New South Wales, New

☆ AI hypocrisy: OpenAI, Google and Anthropic won't let their data be used to train other AI models, but they use everyone else's content
▼ + stars: | 2023-06-02 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Microsoft-backed OpenAI, Google and Anthropic ban the use of their content to train other AI models. Microsoft-backed OpenAI, along with Google, and Google-backed Anthropic have for years been using online content created by companies to train their generative AI models. However, these big tech companies won't let their own content be used to train other AI models. In April, Elon Musk accused Microsoft, the main backer of OpenAI, of illegally using Twitter's data to train AI models. The current way AI models are trained 'breaks' the webOne former Microsoft executive believes something is wrong here.

Persons: Claude, Anthropic's, OpenAI, Steve Huffman, Elon Musk, Sam Altman, Steven Sinofsky, couldn't Organizations: Microsoft, Google, Services, . Publishers, News Corp

☆ This is why Mark Zuckerberg won't give up on the Metaverse, and why Apple is about to dive into the technology
▼ + stars: | 2023-06-02 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

A new Activate study says this is the time for development and investment. Check out highlights from Activate's metaverse report below. Mark Zuckerberg made such a huge bet on the metaverse that he renamed his company Meta. The study shows why Zuckerberg refuses to give up on his vision, despite more than a year of rising ridicule. Companies will need to prioritize metaverse strategies, along with investments in AI, consumer engagement, and tech development, he added.

Persons: Zuckerberg, Activate's, Mark Zuckerberg, it's, Michael J, Wolf Organizations: MTV, Yahoo, Companies, Meta

☆ 10 Things in Tech: Hype House for generative AI developers, why Apple is jumping into the metaverse, and a long-range, electric Toyota
▼ + stars: | 2023-06-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Like my fully-remote colleague Rebecca Knight, I miss sharing random thoughts with my colleagues. My colleague Darius Rafieyan breaks down the novel setup that's helping unprofitable startups raise money. In other news:Hacker Fellowship Zero is cultivating batches of tech developers, many who are jumping into the generative AI wave, per a New York Times report. Welcome home: A Hype House for generative AI developers. Generative AI has a Digital Blackface problem.

Persons: It's, I'm, Siu, Rebecca Knight, Rebecca, Rebecca Zisser, Darius Rafieyan, Simon McGill, Marc Benioff, Sam Altman, Altman, Mark Zuckerberg, Alistair Barr, GirlfriendGPT, bro, Putin, Diamond Naga Siu, Nathan Rennolds Organizations: Bank of America, New York Times, Getty, San, Toyota, Ryanair, Patryk, Software, VMware, Employees Locations: New Jersey, San Francisco, techies, New York, San Diego, London

☆ Global tax would spoil investors’ plastic party
▼ + stars: | 2023-06-01 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

This may change if supporters of taxes and other restrictive measures prevail at ongoing talks for a global treaty to end plastic pollution by 2040. And the world lacks sufficient infrastructure to sort discarded resins: only 9% of global plastic is recycled each year, the Organisation for Economic Co-operation and Development reckons. Some 90% of people support measures to combat plastic pollution, a global Ipsos survey from 2021 shows. Countries including Britain have already started applying levies on virgin plastic packaging. CONTEXT NEWSRepresentatives of 175 countries in March endorsed a landmark resolution to develop international, legally binding rules to end plastic pollution by 2040.

Persons: Inger Andersen, Barr, Aimee Donnellan, Pranav Kiran Organizations: MILAN, Reuters, Big Oil, ExxonMobil, Dow, Indorama Ventures, Saudi Aramco, Minderoo, Organisation for Economic Co, ” United Nations, Reuters Breakingviews, Barclays, Twitter, Thomson Locations: Sinopec, Britain, Paris

☆ 10 Things in Tech: Amazon Prime versus Walmart Plus, BMW adds gaming to its luxury sedan, and Nvidia enters the trillion-dollar club
▼ + stars: | 2023-06-01 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +3 min

Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai Aly Song/Reuters1. Amazon Prime vs. Walmart Plus. Meanwhile, Amazon Prime has more streaming content and access to its infamous Prime Day. Carnival Cruise Lines ships in Marseille. Man who went overboard on a Carnival cruise ship is still missing.

Persons: I'm, Siu, Z, Elana Klein, Elon Musk, Shanghai Aly Song, Elon, —, Nicole Miranda, Gerard Bottino, Ronnie Lee Peale Jr, Caleb Hammer, Diamond Naga Siu, Alistair Barr, Nathan Rennolds Organizations: Tesla, Nvidia, Google, Amazon, Walmart Plus, Walmart, BMW, Cruise Locations: Tesla China, Shanghai, China, Beijing, Marseille, Jacksonville , Florida, San Diego, San Francisco, London

☆ 10 Things in Tech: Mark Zuckerberg and Jeff Bezos are ripped, tech workers work less than 4 hours per day, and tech's Texas real-estate invasion
▼ + stars: | 2023-05-31 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

OpenAI, the company that created the chatbot, won't share the books it used to train ChatGPT. But a group of researchers discovered a method of quizzing the chatbot to figure out which books it has read. Many tech workers are only productive for four hours per day. In an anonymous poll, nearly 45% of tech workers said they spent four hours (or less) on "focused work." Only around 25% said they worked eight or more hours per day.

Persons: I'm, Siu, Hannah Towey, Robyn Phelps, Moby Dick, Harry Potter, Sherlock Holmes, Adam, Matthew Busch, Mark Zuckerberg, Jeff Bezos, Zuck, Bezos, Peek, Austin Evans, Evans, Mercedes, Diamond Naga Siu, Alistair Barr, Nathan Rennolds Organizations: American, Pacific Islander Heritage, Ikea, The Washington, Getty, NASA, US Air Force, Pacific Command, Pentagon Locations: Sweden, California, Swedish, EVs, . Texas, scrawny, San Diego, San Francisco, London

☆ 10 Things in Tech: Amazon’s guide to AI in different industries, Earth’s neighboring star, and workers look for less stressful jobs
▼ + stars: | 2023-05-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In other news:Tech workers are searching for low stress jobs on social media. Tech workers are looking for less stressful jobs. But one Amazon worker said there's "no such thing as [a] high pay low stress job in tech." Love Love Love: Award-winning engagement photos from around the world. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Alistair Barr (tweet @alistairmbarr) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ 10 Things in Tech: Renting properties to sublet them, the world’s largest polymer 3D printer, and a bare-bones Tesla Cybertruck interior
▼ + stars: | 2023-05-29 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and I'm excited that the French Open main draw is in full swing today. ChatGPT helped these people earn more money and become better at their jobs. Insider profiled four of them about how it has made their jobs easier: a recruiter, broker, entrepreneur, and chief marketing officer. My colleague Jack Sommers gathered their profiles and highlighted how these workers turbocharged their jobs with technology. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Alistair Barr (tweet @alistairmbarr) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.

☆ Amazon gives up a key part of its climate pledge and deletes the blog post that announced the Shipment Zero initiative. We dug up the details anyway.
▼ + stars: | 2023-05-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Amazon scrapped its Shipment Zero initiative, which was announced a few years ago. Amazon deleted the original Shipment Zero blog post. That's a decade later than the 50% goal, which was called "Shipment Zero" at the time. Dropping the specific shipment pledge is noteworthy because Amazon's ecommerce operation relies on vast fleets of vehicles and aircraft to deliver packages to consumers quickly. Amazon announced the Shipment Zero initiative in a blog a few years ago.

☆ Fed's Bowman backs 'targeted' bank rules reform but not 'radical' change
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

"Radical reform of the bank regulatory framework - as opposed to targeted changes to address identified root causes of banking system stress - is incompatible with the fundamental strength of the banking system," she said. During testimony to Congress this week, Barr was repeatedly asked about Bowman's views, which were first laid out in detail last week. He said he welcomed any third-party independent reviews to follow his own review of the failure of Santa Clara, California-based SVB. Barr's review, which was published in late April, found problems in the Fed's own approach to supervision that he said needed fixing. Bowman did not touch on monetary policy or the economic outlook in her prepared remarks.

☆ How screwed is WeWork? One of its bonds trades at 56 cents on the dollar, and Fitch Ratings thinks default is a real possibility.
▼ + stars: | 2023-05-19 | by ( Alistair Barr | Joe Ciolli | ) www.businessinsider.com time to read: +3 min

One of its bonds trades at 56 cents on the dollar, and Fitch thinks default is a real possibility. One of WeWork's bonds, which matures in 2025, recently traded at 56 cents on the dollar, according to Bloomberg data. A healthy company's debt often trades at 100 cents on the dollar, or at a very slight discount. Fitch upgraded WeWork's issuer default rating to 'CCC-', in a nod to the debt restructuring. Discussions of debt restructuring represent a striking new low for a company that used to be one of the most valuable startups ever.

☆ Morning Bid: Get ready for the debt ceiling rally
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Kevin BucklandEuropean shares look poised to rally after a wave of optimism that a U.S. debt ceiling deal could be reached as soon as the weekend, which lifted stocks on Wall Street and in Asia. Analysts highlighted how both parties agreed to new, smaller teams to continue negotiations, which they took as a sign that discussions have moved to a more advanced stage. Cash available at the U.S. Treasury general account, used to pay for all official U.S. obligations, is draining fast as extraordinary measures are exhausted, pending a debt ceiling deal to raise the limit. The Nasdaq is on the cusp of a 13-month peak, and the Dax is hovering near its highest since January of last year. Reporting by Kevin Buckland; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Debt ceiling drama aside, world economy looks shaky
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in U.S. and global markets from Naomi RovnickRisk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing a deal to raise the debt ceiling and avoid an economically catastrophic default. But while a debt ceiling reprieve could boost markets in coming days, the backdrop of a lacklustre global economy is unchanged, with its twin engines, China and the United States, sputtering. Citi's China economic surprise index is at its lowest since January (.CESICNY), a further sign that the growth outlook has weakened. The S&P 500 is trading at a rich 18 times forecast earnings, buoyed by the tech mega-stocks that dominate the index. Developments that could affect markets on Thursday:* Economic events: U.S. initial jobless claims, U.S. existing home sales, Philly Fed business index.

☆ SVB’s Greg Becker Tells His Story
▼ + stars: | 2023-05-17 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

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☆ 10 Things in Tech: Say goodbye to the US car market as we know it, TikTok will pay for AR filters, and YouTubers share how they make money
▼ + stars: | 2023-05-17 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and I'm taking a few days off to watch my best friend graduate with their PhD. (Don't worry, my colleagues in London will be bringing you your daily dose of tech news while I'm away.) Pharmacy startup TruePill is searching for its panacea. Employees told to "drink the Kool-Aid" at Larry Page's startup. Current and former employees told Insider about the recent turmoil.

Berkshire acquired 9.92 million shares in Capital One, a stake worth $954 million based on the closing price on March 31, regulatory filings showed on Monday. The bank's shares have shed around 15% since early March as the banking crisis has clobbered shares of U.S. regional lenders. Silicon Valley Bank, Signature Bank, and First Republic Bank are the three banks that have so far collapsed during the current crisis. The KBW Regional Banking Index (.KRX) fell 0.38%. Fed Vice Chair for Supervision Michael Barr said the central bank was "carefully considering" rule changes for larger regional banks, including requiring them to account for unrealized losses on their banks when considering capital levels.

☆ Morning Bid: Europe has a data fest, and growth worries
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Vidya RanganathanTuesday's a busy day for European markets. We get preliminary growth numbers for the euro zone, inflation in Italy, jobless data for Britain and, crucially, the German economic sentiment ZEW survey. No surprises are seen in euro zone GDP data - rather, analysts assume the tepid pace seen in the fourth quarter hasn't picked up. That leaves the German ZEW survey for May in the spotlight. UK labour market data is a biggie too for sterling this week, offering insight into the headline pay growth that the hawkish Bank of England is eyeing.

☆ 10 Things in Tech: Amazon Web Services salaries, Elon Musk returns to Tesla, and a ‘secret’ ChatGPT prompt library
▼ + stars: | 2023-05-16 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm Diamond Naga Siu, and I don't dream of labor (I do occasionally have dreams about writing the newsletter). And hiring managers told my colleague Aki Ito that it's currently incredibly difficult to find and hire enough qualified people. The country that wins the competition over the batteries of the future will not only control the electric vehicle market. Lopez gives us a front-seat look at the landscape of the critical EV battery market. A leaked email revealed that Musk now wants to approve all new hires — including contractors — at Tesla.

"I believe it was a series of unprecedented events that all came together in the fastest bank run in history," Becker told the Senate Banking Committee. "I was the CEO of Silicon Valley Bank, I take responsibility for what ultimately happened," Becker said. Executives from Signature Bank also testified alongside Becker on Tuesday, pushing back on assertions from lawmakers that the bank had weak corporate governance. "I don't believe that there was mismanagement at the bank," said Eric Howell, the former president of Signature Bank. The bank tried to cover the loss by raising capital, but in announcing the transaction helped fuel a bank run.

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