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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI moved to Bali from the U.S.—now I make $254,000 a yearSteven Guo, 24, relocated to Bali, Indonesia, from Southern California in 2024. He currently makes $254,000 a year running multiple e-commerce businesses that are on track to bring in a combined $1.7 million this year. 06:58 an hour ago

Persons: —, Steven Guo Locations: Bali, Indonesia, Southern California

It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.

Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

☆ The 4 biggest mistakes people make during open enrollment—and how to avoid them
▼ + stars: | 2024-11-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

Here, Feinberg shares the biggest mistakes he often sees people make with their health coverage during open enrollment, and how to avoid them. Waiting until the last minuteThe worst thing you can do during open enrollment season is procrastinate on researching your options, Feinberg says. Your open enrollment period will depend on where you get your health coverage. Instead, it's important to think through your specific health needs and the needs of any dependents or partners on your plan. Paired with a health savings account, or HSA, the option can provide some of the most flexibility in health insurance coverage, he adds.

Persons: they've, David Feinberg, Feinberg, that's, That's Organizations: Justworks, Medicare Locations: millennials, Justworks, Jan, New York City

☆ 24-year-old was laid off from her 6-figure tech job—now she shucks oysters for parties: 'I do feel very happy'
▼ + stars: | 2024-11-03 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Hannah Chea (center) is considering turning her side gig of shucking oysters for parties into her full-time gig after being laid off from her tech job. These days, you can find her shucking oysters for partygoers at lavish events and entertaining them with fun facts about the chilled mollusks. "I think it's crazy to say I only do oyster shucking — in heels. I really wanted break the monotony of my remote tech job [and] just staring at a computer all day." 'I'm not in a rush to find a new tech job'

Persons: Hannah Chea, Chea, she's Organizations: Paramount, CNBC, Super Bowl Locations: San Francisco, U.S, Las Vegas, Bay

Sarah Edmondson is a former member and whistleblower of Nxivm, a cult disguised as a self-help organization run by Keith Raniere, a convicted sex offender. Edmondson was a central character in HBO's documentary on Nxivm, "The Vow," and is now a podcaster and broadcaster. She is the author of "Scarred: The True Story of How I Escaped Nxivm, the Cult That Bound My Life" and runs the "A Little Bit Culty" podcast with her husband, Nippy, who is also a former member of Nxivm. If you are a survivor of sexual assault, you can call the National Sexual Assault Hotline (1-800-656-4673) or visit its website to receive confidential support. Find out more:"Scarred""A Little Bit Culty"

Persons: Sarah Edmondson, Keith Raniere, Edmondson, Nxivm, Nippy Organizations: Business Locations: Vancouver, Canada

I do think that seeing a woman on the ballot will, hopefully, encourage more women to vote, even if they don't vote for Harris. At the time, I thought it was going to be a landslide, like 'We're about to have our first woman president.' I don't think everybody in the U.S. will ever be ready for a woman president, but I don't think everybody in the U.S. was ready for a Black president either. Even if Kamala wins, I don't think everybody in the U.S. is ready for a woman president, just like they weren't ready for a Black president. I think Harris is just bringing a lot of new people into the process who haven't necessarily felt included before.

Persons: Kamala Harris, Hillary Clinton, Harris, Donald Trump, Here's, Sallie Krawcheck, Lauren Simmons, Bushra, Emma Bogdan, Hillary, haven't, It's, that's, Annie Lazan, Clinton, I'm, she's, Bushra Amiwala, they're, We're, Van Dyke, Sess Lee, Nikki Haley, Signe Espinoza, Brianna Doe, Sami Sage, they've, We've, Kamala, She's, Ariel Washington, Nadia Rahman, San Francisco I, Jill Homan, Schwager, Meghan O'Connor, Kansas City , Missouri I've, there's, Trump, That's, Jennifer Ashton, I've, Roe, Wade, what's Organizations: Democratic, Trump, The New York Times, Siena, CNBC, Republicans, Independents, Clinton, Marist College, Skokie School, of Education, Republican, Democrat, Betches Media, U.S, Biden, ABC News Locations: Poughkeepsie , New York, U.S, Franklin Lakes , New Jersey, Skokie, Chicago , Illinois, Israel, Palestine, Overland Park , Kansas, Los Angeles, Conshohocken , Pennsylvania, Phoenix One, New York City, Arlington , Texas, Lincoln , Nebraska, San Francisco, Gaza, American, Pakistani American, St, Louis , Missouri, America, Kansas City , Missouri, Archer Lodge, North Carolina, Trump

Tickets for the 2024 World Series between the New York Yankees and Los Angeles Dodgers are among the most expensive in Major League Baseball history – and fans are willing to pay up. Leading up to Game 1 in Los Angeles, the average price for a World Series ticket in the secondary market was $3,887, according to ticket reseller TicketIQ. This year's tournament is on track to be the best-selling World Series in history, StubHub reports. 'Whatever the going rate for my kidney, it's going on the table'LA resident Lisa Altuve, 27, said she's been excitedly waiting to see the Dodgers play in the World Series. "The last time these two teams played in the World Series was the year that I was born, 1981," Posadas added.

Persons: Freddie Freeman, Lisa Altuve, she's, Fernando Valenzuela, Josh Trujillo, Calvin Stovall, Stovall, Riley Reese, Chris Garcia, Del, Garcia, Posadas Organizations: Los Angeles Dodgers, Capital, New York Yankees, Dodger, Major League Baseball, CNBC, Dodgers, Yankees Locations: Los Angeles , California, Los Angeles, New York, Mexican, LA, Florida, Del Posadas

☆ Rare fossil preserved in fool’s gold reveals newly identified 450 million-year-old species
▼ + stars: | 2024-10-29 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

The striking fossil is a newly identified species of arthropod, a distant relative of modern-day horseshoe crabs, scorpions, and spiders, that slightly resembles a modern-day shrimp. Named Lomankus edgecombei, the arthropod is a remarkably bright golden color because it’s preserved in three dimensions by iron pyrite — a mineral better known as fool’s gold. Lead study author Luke Parry began examining the fossils when he was a postdoctoral researcher at the Yale Peabody Museum, where three of the specimens were held. courtesy Luke Parry/Yu Liu/Ruixin RanToday, there are more known species of arthropod than any other group of animals on Earth. “Sometimes we see fossils preserved as opals or quartz crystals, or in this case, fool’s gold,” Brusatte said.

Persons: it’s, Lomankus edgecombei, Greg Edgecombe, Luke Parry, Yu Liu, Ruixin, Parry, ” Parry, ‘, Steve Brusatte, ”, ” Brusatte, “ Organizations: CNN, Yale Peabody Museum, Yunnan University, paleobiology, University of Oxford, “, University of Edinburgh’s School of GeoSciences, Brusatte Locations: New York, Rome, China

☆ This sales tactic can help you negotiate a job offer you love—even CEOs use it
▼ + stars: | 2024-10-29 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

That's when it helps to look to how seasoned executives negotiate, says Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor. Say you ultimately want a $60,000 base salary with a 20% annual bonus, but the company makes an offer of $60,000 with a 10% bonus. Remember that "the hardest thing for the company to do is give you money upfront in base pay," White says. But they may be able to negotiate for one-time pay, something that's a delayed cost, or non-salary perks like adjusting your job title or figuring out a flexible-work agreement. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Tessa White, White Organizations: CNBC

☆ More than half of workers say they've faced a 'bait-and-switch' in the hiring process: ‘This is a flaming red flag’
▼ + stars: | 2024-10-25 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

Though the job was remote, she was asked to commute an hour into the office for her first week of onboarding. Why companies bait-and-switch job candidatesExperiencing a bait-and-switch during job interviews is a frustrating candidate experience and highlights one of the many breakdowns in today's hiring process, says Jon Stross, president and co-founder of Greenhouse. For the most part, these experiences say more about the hiring team than you as a candidate, he says. How to confront a bait-and-switch job interviewAs far as confronting the experience as a job candidate, Stross says your best defense is to ask plenty of questions throughout the hiring process. "This is not a normal red flag — this is a flaming red flag."

Persons: Alexis Byrd, Byrd, —, I'd, it's, Jon Stross, Stross, It's, Pynes, Weston Davis, Davis, I'm Organizations: CNBC, Greenhouse, Fox Rothschild LLP, Dell, Walmart Locations: Detroit, U.S, Los Angeles, San Francisco

☆ Versace's parent company stock plunged 45% after an affordable-luxury deal was blocked in court
▼ + stars: | 2024-10-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

A judge has granted a preliminary injunction to halt the merger between Tapestry and Capri Holdings. Following the ruling, on Thursday, Capri's stock plunged 45% in after-hours trading. AdvertisementVersace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge blocked its proposed merger with Tapestry, the parent of fashion brands Kate Spade and Coach. Following the court order, Capri's stock was down 45% in after-hours trading on Thursday. AdvertisementRepresentatives of the FTC, Capri Holdings, and Tapestry didn't respond to a request for comment from Business Insider sent outside business hours.

Persons: Versace, —, Kate Spade, Jennifer Rochon, Rochon, Capri, Capri's Versace, Jimmy Choo, Michael Kors, Stuart Weitzman, Henry Liu Organizations: Capri Holdings, Service, of, Federal Trade, FTC, Appeals, Capri, Tapestry's, Competition, New York Times, Business Insider Locations: Southern, of New York, agency's

☆ Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri
▼ + stars: | 2024-10-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. Representatives for Tapestry and Capri didn't immediately return requests for comment. The decision will ensure that Tapestry and Capri continue to engage in head-to-head competition to the benefit of the American public." The decision comes as consumers balk at high prices for food, apparel and other goods after years of elevated inflation. Lawyers for Tapestry and Capri argued the companies are not each other's main competitors.

Persons: Jennifer Rochon, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Capri's, didn't, Henry Liu, Biden, Kamala Harris, Lina Khan, Capri, —, Melissa Repko Organizations: Federal, Tapestry, Federal Trade Commission, FTC, Competition, Democratic Locations: Capri, New York, FTC's

☆ It's harder to land a bigger paycheck at a new job—here's what workers are negotiating for instead
▼ + stars: | 2024-10-24 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Workers have been losing leverage in a challenging job market over the last year, but the slide could be hitting a rebound point, according to new data. Other indicators of workers' bargaining power, like being recruited into their role, negotiating their offer and receiving a signing bonus also fell slightly in the last quarter. But the small dips could indicate that workers' struggles are reaching a plateau, says Julia Pollak, chief economist at ZipRecruiter. Overall, the share of workers who describe their recent job search as "poor" reached a record high of 10%. As of mid-2024, 24% of recent hires said their new job was their dream job, a sharp fall from 42% of job-switchers who felt that way a year ago.

Persons: Julia Pollak, Pollak, it's, switchers Organizations: CNBC, Federal Reserve Locations: ZipRecruiter .

☆ Boba tea startup rejected by 'Shark Tank' pitches Simu Liu after cultural appropriation debate
▼ + stars: | 2024-10-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

The Twrl founders say they hope the initiative they took moves those conversations forward and educates some people along the way. Later, Taiwan would claim to be the birthplace of the boba drink concept, a sweet concoction of an aromatic tea, milk and boba balls. The first U.S. boba drink shops opened in the 1990s but there’s conflicting reports on whether the San Francisco Bay Area or Southern California was the starting point, Phun said. But it didn’t come from a place of, ‘I really love boba tea,’” she said. Meanwhile, the “Dragons’ Den” episode led to some significant fallout.

Persons: Olivia Chen, Pauline Ang, Simu Liu, Liu, Chi, Twrl, “, ”, Chen, ” Liu, Juily, South America . Colonization, boba, Phun, ” Phun, “ It’s, ” Megan Ruan, they’re, ” Chen, ‘, ” Ruan, it’s, Ang, Manjit Minhas Organizations: ABC, San, Bobba, American, Cal State, South America ., San Francisco Bay Area, Gold House Ventures, Foods Locations: San Francisco Bay, “, Quebec, Taiwan, South America, Pacific Islands, Asia, U.S, Southern California, American, Japan, China

☆ The 'smartest' thing this HR expert negotiated in a job offer: 'I tell my clients to do that all the time'
▼ + stars: | 2024-10-22 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

A lot of people expect to negotiate the salary of a new job offer, and there are plenty of other benefits on the table too. Doing so helped Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor, weather a layoff earlier in her career. "The smartest thing I ever did was, I pre-negotiated my severance agreement," White tells CNBC Make It. "When they love you at the company" and want to hire you "is the time to negotiate your severance," she says. What you can negotiate in a severance agreement

Persons: Tessa White, White, I'm, she'd, I've, they've Organizations: CNBC, UnitedHealth Group

☆ The origins of bubble tea, one of Taiwan’s most beloved beverages
▼ + stars: | 2024-10-21 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +11 min

It all started with foam teaInvented in the 1980s, bubble tea (also called “black pearl tea” or “boba tea”) is a beloved Taiwan classic. Lin Hsiu Hui, product manager at bubble tea chain Chun Shui Tang, said she created the very first glass of bubble milk tea at a staff meeting in 1988. Bubble tea chain Easy Way argued in a press conference, “Why don’t you ask people to skip drinking Coke instead?”The saga was dubbed the “bubble tea for arms” incident by local media. Bubble tea 2.0Bubbleology founder Assad Khan says his first bubble tea experience was 'love at first sip.' But no matter how funky you get with the recipe, the soul of a good bubble tea has always been, well, the tea.

Persons: that’s, Simu Liu, Canadian Liu, “, it’s, Chang Fan Shu, yao, shou yao, ”, Tseng, Tsang, Tu Tsong, – Tu, Tu, ” Tu, Lin Hsiu Hui, Tang, ” Lin, Chun, Chun Shui Tang, boba ”, Amy Yip’s, Assad Khan, ” Khan, Bubbleology, It’s Organizations: CNN, Marvel, CBC, Chun, CNN Travel, Chun Shui Tang, hawker, Defense Ministry Locations: Hong Kong, Canada, Quebec, Canadian, Taiwan, ”, Tainan, Hanlin, United States, China, Assam, hawker, Asia, British, Chinatown, New York, Lankan

☆ Starbucks taps former Chipotle executive as global chief brand officer
▼ + stars: | 2024-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Starbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left Chipotle and took over as CEO of the coffee chain last month. She has a proven track record of building strong brands, developing compelling products, creating great customer experiences, and leading breakthrough marketing," Niccol said in a statement on Friday. Niccol created a similar global chief brand officer role at Chipotle when he took over there in 2018. Most recently, she served as chief marketing officer for Yahoo. Starbucks' China business has been struggling, hurt by the country's sluggish economy and the proliferation of local coffee chains that can undercut its prices.

Persons: Tressie Lieberman, Brian Niccol, Chipotle, Niccol, Lieberman, Bell, Dawn Clark, Angele Robinson, Gaylord, Sara Trilling, Michael Conway, Niccol's, Laxman Narasimhan, Conway, Trilling, Molly Liu, Belinda Wong, Narasimhan Organizations: Starbucks, Yahoo, Yum Brands, North America Locations: U.S, North America, China

☆ US imposes first sanctions on Chinese firms for making weapons for Russia’s war in Ukraine
▼ + stars: | 2024-10-18 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

But in an announcement Thursday, the US Treasury Department accused the Chinese firms of direct involvement in arms supplies to Moscow. The Chinese companies had collaborated with Russian defense firms in the production of Moscow’s “Garpiya series” long-range unmanned aerial vehicles, the department said in a statement. “The Garpiya has been deployed by Russia in its brutal war against Ukraine, destroying critical infrastructure and causing mass casualties,” it said. “We have seen for some time Chinese companies providing components to Russian companies that Russian companies then use to turn into machinery, weapons, other components that Russia could use in its war,” State Department spokesman Matthew Miller told reporters Thursday. In the latest sign of their deepening alignment, Chinese and Russian defense officials vowed to strengthen their cooperation during meetings in Beijing last week.

Persons: “, Redlepus, TSK, Matthew Miller, ’, Liu Pengyu, Andrey Belousov, Zhang Youxia Organizations: Hong Kong CNN, US Treasury Department, CNN, Xiamen Limbach Aircraft, Redlepus Vector Industry Shenzhen Co, Treasury Department, US, TSK Vektor, ”, Reuters, China’s, Military Commission Locations: Hong Kong, United States, China, Russia, Ukraine, Washington, Beijing, Moscow, Xiamen, Russian, ’ Beijing, U.S, ”

☆ Chinese government has made 'crucial' improvements to its property destocking policies: Analyst
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese government has made 'crucial' improvements to its property destocking policies: AnalystJieqi Liu, Senior Property Analyst at UOB Kay Hian, shares her views on the latest measures of the Chinese housing ministry to bolster the property market, and explains why she thinks it will become a market-oriented industry in the future.

Persons: Jieqi Liu, UOB Kay Hian

☆ After the 'mad bull', there will be the 'slow bull' in the Chinese market, says investment manager
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAfter the 'mad bull', there will be the 'slow bull' in the Chinese market, says investment managerYang Liu of Atlantis Investment Management discusses factors creating momentum in Chinese equities, expecting the market to pass the highs last seen in 2015.

Persons: Yang Liu Organizations: Atlantis Investment Management

☆ China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
▼ + stars: | 2024-10-17 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Since then, economists have been expecting an additional stimulus package worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy. Chinese Housing Minister Ni Hong attends a press conference on the property sector in Beijing, China, on October 17, 2024. Widespread concernThe ailing property sector is widely believed to lie at the root of China’s numerous economic woes. It also cut the reserve requirement ratio for banks by half a percentage point, which would free up about 1 trillion yuan ($142 billion) for new lending. The resulting crisis has resulted in a precipitous fall in real estate prices and loss of confidence among consumers.

Persons: Xi Jinping, Housing Ministry didn’t, Larry Hu, “, ”, Ni, Minister Ni Hong, Florence Lo, Xiao Yuanqi, Pan Gongsheng Organizations: Hong Kong CNN, Housing Ministry, Macquarie, CNN, ” Investors, Ministry of Housing, Ni Hong, Minister, Administration Locations: China, Hong Kong, Shanghai, Beijing

☆ Victoria’s Secret Fashion Show returns: Here’s what you need to know
▼ + stars: | 2024-10-16 | by ( Tara John | ) edition.cnn.com time to read: +14 min

Kate Moss, 50, makes her Victoria's Secret Fashion Show debut. Kate Moss, who turned 50 in January, made her Victoria’s Secret Fashion Show debut, with her daughter Lila also modeling. Taylor Hill/WireImage/Getty ImagesShe said that Victoria’s Secret was listening to their customers, who wanted the show to return. Ashley Graham walks the runway for the Victoria's Secret Fashion Show 2024. Dimitrios Kambouris/Getty ImagesBlackpink's Lisa performs during the Victoria's Secret Fashion Show 2024.

Persons: Lisa, Blackpink, Gigi Hadid, Barbie, Hadid, Brown, Kate Moss, Dimitrios Kambouris, Adriana Lima —, —, Bella Hadid, Alex Consani, Paloma Elsesser, Lila, Cher, Roxanne Robinson, ” Cher, Evan Agostini, Destiny’s Child, Justin Timberlake, Kanye, Barbara Palvin, Yasmin Wijnaldum, Winnie Harlow, Kendall Jenner, Alexina Graham, Naomi Campbell, Quannah, Megan Rapinoe, Priyanka Chopra Jonas, “, ”, Chantal Fernandez, Lauren Sherman, Victoria’s, Sarah Sylvester, Critics, Janie Schaffer, Liu Wen, Taylor, Victoria’s Secret’s, Tyra Banks, Law Roach, Banks, Angela Weiss, Ashley Graham —, ’ ”, ” Adriana Lima, Roy Raymond, Leslie Wexner, Reagan, ” Sherman, ” Fernandez, Heidi Klum, Gisele Bundchen, Stephen Cherrnin, Sherman, Sharleen, Brands ’, Ed Razek “, Razek, Wexner, Vogue, didn’t, Lily Aldrige, Karlie Kloss, Jeffrey Epstein, Epstein, Ashley Graham, Blackpink's Lisa Organizations: New, New York CNN, PETA, CNN, Brands, Getty, Brooklyn Navy, AP Locations: New York, Brooklyn, White, Lagos, Bogotá, London, Tokyo, American

☆ AI labs are fragmenting because of ego clashes and commercial pressures. It's about to drive a wave of new startups.
▼ + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

There is an impending wave of new startups spinning out of larger AI labs, per Air Street Capital's State of AI report. AI labs are fragmenting due to ego clashes, philosophical disagreements, and commercial pressures. But as AI labs work towards the sector's holy grail, known as artificial general intelligence, those personalities have clashed — sometimes leading to a very public parting of ways. They are just some of the examples in a long line of AI labs that have fractured away from their juggernaut predecessors to form new startups. The exception would be if AI labs pivot toward building a niche model within a specific vertical, he said.

Persons: —, Ilya Sutskever, Andreessen Horowitz, StabilityAI's, H's cofounders, Sam Altman, Noel Hurley, they're, Nathan Benaich, Samir Kumar, Kumar, Peter J, Liu, Hurley, Benaich Organizations: Service, Sequoia, Black, Labs, TechCrunch, Accel, UiPath, NEA, Founders, Air Street Capital, Literal Labs, Touring Capital, Meta, Google Locations: Capital's, Paris, Sutskever

☆ A boba business storm is brewing, and a 'Shang-Chi' star is in the middle of it
▼ + stars: | 2024-10-15 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

"Shang-Chi" star Simu Liu called out two boba tea entrepreneurs who appeared on an episode of "Dragons' Den." They were promoting their new drink, which they said was healthier than regular boba tea. AdvertisementSimu Liu is in the middle of a brewing business feud over a popular Asian drink. When asked if he liked the drink, Liu, who joined the show as a panelist in its 19th season, said, "I thought it was fine." The global boba tea industry — or bubble tea as it is known in Asia — is estimated to be worth billions.

Persons: Liu, —, Chi, Sébastien Fiset, Jess Frenette, Manjit Minhas, there's, Fiset, Bobba, Winniedapoo, boba, Instagram, Frenette, Liu's, it's, Bob Chapek Organizations: Service, Québec, NBC, Ventures, LinkedIn, American Pacific, CBC Gem, Allied Market Research, Business Locations: Markham, Canada, Taiwan, Bobba, Asia —

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