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Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. Both explicitly allow for the cancellation of trades "in exceptional cases", which would be a fair description of last year's nickel market meltdown and the resulting threat of multiple member defaults. This is a case of "knowing one when you see one" or "the elephant test" in legal precedent, the judges said. Nor would it have affected Chamberlain's assessment that nickel trading had become irrational and disorderly on the morning of March 8. LME trading has been transformed by the crisis in the form of permanent caps on time-spreads and limits on intraday price movements.
Persons: Simon Dawson, Elliott, Jonathan Swift, Robert Bright, Matthew Chamberlain, Jane Street, Chamberlain, China's, Xiang Guangda, Oliver Wyman, Tsingshan, Barbara Lewis Organizations: London Metal Exchange, REUTERS, London High, Elliott Associates, Jane, Global Trading, Financial, Authority, China's Tsingshan, Reuters, Thomson Locations: London, Britain, U.S
Anthony Bourdain despised Henry Kissinger, and called him a "murderous scumbag" in his 2001 book. Screenshots of Bourdain's words are now making the rounds on X after Kissinger's death. AdvertisementThe late celebrity chef Anthony Bourdain was famously unfiltered, and didn't mince any words when writing about former Secretary of State Henry Kissinger. AdvertisementAfter Kissinger's death on Wednesday, Bourdain's words are now making the rounds on X, formerly known as Twitter. "Once you've been to Cambodia, you'll never stop wanting to beat Henry Kissinger to death with your bare hands."
Persons: Anthony Bourdain, Henry Kissinger, — Bourdain, , you've, you'll, Bourdain, Kissinger, Slobodan Milošević, Anthony Bourdain pic.twitter.com, NtEu4YMOW7 Organizations: Service Locations: Cambodia, Serbian
"We got to the point where if a film didn't do a billion dollars in global box office, we were disappointed," he said. Iger also blamed Disney putting quantity before quality for its box office misses. In response to questions about the company's box office misses, the CEO said: "I'm not sure another studio will ever achieve some of the numbers that we achieved." Disney can claim 10 of the 20 highest-grossing films, each of which took more than $1 billion at the box office, per IMDb. However, the film's now made $383 million globally, per Box Office Mojo.
Persons: Bob Iger, Iger, , That's, Indiana Jones, Bob Chapek, Iger's Organizations: Disney, Service, The New York Times, Summit, Netflix
Quantity has diluted quality at Disney, CEO Bob Iger says. "I don't want to apologize for making sequels," he said. AdvertisementDisney CEO Bob Iger delivered a candid critique of his company during an interview at The New York Times DealBook Summit on Wednesday. And quantity, in our case, diluted quality, and Marvel has suffered greatly from that," Iger said. AdvertisementIn November 2022, Iger emerged from retirement to return to Disney as its CEO, a position he had previously held for 15 years.
Persons: Bob Iger, , Iger, they've, Bob Chapek Organizations: Disney, Service, The New York Times, Summit, Marvel Locations: Kingdom, Disney's
Jack Ma resurfaced once again and made a surprising post on Alibaba's staff forum. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Responding to an employee's forum post on Wednesday, Ma emphasized the need for change within Alibaba in a post seen by Business Insider. In his post, Ma wrote: "Everyone can be successful. AdvertisementNotably, in his message, Ma congratulated Alibaba's rival Pinduoduo, the parent company of the e-commerce app Temu, praising its strategic decisions in recent years.
Persons: Jack Ma, , Ma, Alibaba, Pinduoduo Organizations: Service, Business Insider, Ant, Tokyo College Locations: China, Tokyo
OpenAI doesn't plan to give board seats to investors like Microsoft, per Reuters and The Information. AdvertisementSome of OpenAI's biggest backers are unlikely to gain board seats even after the company's management shakeup, Reuters and The Information reported on Tuesday. OpenAI's new board is not planning to offer board seats to outside investors, such as Microsoft, Thrive Capital, and Khosla Ventures, Reuters reported, citing a source familiar with the matter. AdvertisementOpenAI cofounder and CEO Sam Altman was fired by his company's board on November 17, before staging a dramatic comeback five days later. OpenAI, Microsoft, Thrive Capital, and Khosla Ventures did not immediately respond to requests for comment from Business Insider, sent outside regular business hours.
Persons: OpenAI, Satya Nadella, , shakeup, Thomas Hayes, Sam Altman, Altman's, Larry Summers, Bret Taylor, Adam D'Angelo, Altman, Nadella, Kara Swisher, Swisher Organizations: Microsoft, Reuters, Service, OpenAI's, The, Khosla Ventures, Hill Capital, Business Locations: OpenAI
OpenAI's new board has drawn criticism for only consisting of white men. One name that's been floated to join it is ex-Google researcher and AI ethics expert Timnit Gebru. AdvertisementThe new OpenAI board has drawn criticism for its lack of diversity, as it's currently comprised of three white men. One name that's been floated to join the board is prominent AI researcher Timnit Gebru. The new board will consider candidates to fill an expanded board of nine members, according to The Verge.
Persons: Timnit, Gebru, , Timnit Gebru, Sam Altman's, Larry Summers, Bret Taylor, Adam D'Angelo Organizations: Wired, Service, Google, Intelligence Research
Paris Mayor Anne Hidalgo says she's leaving X after 14 years on the platform. AdvertisementParis Mayor Anne Hidalgo says she's leaving X after more than 14 years on the platform, formerly known as Twitter. "This platform and its owner intentionally exacerbates tensions and conflicts," she wrote in French, adding that the platform has "become a gigantic global sewer." "To remain true to my convictions and my commitment, I am leaving Twitter today," Hidalgo wrote on Monday. AdvertisementAn early proponent of Twitter, Hidalgo joined the platform in 2009 when she was the deputy mayor of Paris.
Persons: Paris Mayor Anne Hidalgo, she's, Elon Musk, , Anne Hidalgo, Hidalgo, cacmq4 — Anne Hidalgo, Ross Gerber, Dustin Moskovitz Organizations: Paris Mayor, Elon, Service, Twitter, de, Instagram, Facebook, Apple, IBM, Disney, The New York Times, Business Insider Locations: Paris, de Paris, @Anne_Hidalgo
He thinks transplants often don't take key steps to prepare themselves for the realities of teaching in Thailand. I moved to Thailand three years ago after deciding it was time to leave my home country of the UK. AdvertisementAnd after teaching in Thailand for three years, I think there's a big misconception that teaching in Thailand is an easy gig — and it's not helped by the viral and misleading stories some people share online. There's a perception that foreign teaching in Thailand is easy enough that you can get drunk and high every night, but that's simply not the case. Plus, I've yet to visit somewhere with a more international and diverse food scene than Bangkok.
Persons: James Gane, , hadn't, it's, that's, It's, I've, Thailand James Gane, I'd Organizations: Service, Signature, Michelin Locations: London, Bangkok, Thailand, England, Siam, Central Bangkok, I'm, Signature Bangkok
AdvertisementIf you're struggling to differentiate AI-generated images from real ones, you're not alone. An AI-generated image of the late Hawaiian singer Israel Kamakawiwoʻole is currently showing up as the top search result on Google when you search his name. Business Insider searched for "Israel Kamakawiwoʻole" on Sunday evening and found the AI-generated images continuing to appear as the top search results. Noah Giansiracusa, a professor at Bentley University, pointed out on X that the AI-generated images show Kamakawiwoʻole playing a guitar. Google told 404 Media a day later that it had removed the AI-generated image from search results.
Persons: , Israel Kamakawiwoʻole, Ethan Mollick, VdZmuUAwCK, Noah Giansiracusa, Google's, Giansiracusa, Kamakawiwoʻole, Judy Garland's, Edward Hopper, Johannes Vermeer Organizations: Service, Google, University of Pennsylvania's Wharton School, Business, Bentley University, Reddit, Media Locations: Hawaiian, Reddit
Google said it will begin purging the data of inactive Google accounts in December. The company said it's deleting inactive accounts for security reasons. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle's purge of Gmail data and photos belonging to inactive accounts is set to begin on December 1. Some of the comments on X — formerly known as Twitter — surrounding the account purge were about the inactive accounts of dead friends and family.
Persons: , Ruth Kricheli, Kricheli, Emmett Shear Organizations: Google, Service, Twitch, YouTube, Meta, Microsoft, University of Oxford, Facebook
Austin Zeng is a freelancer who splits his time evenly between Singapore and Tokyo. He calls himself a "shuttler," and thinks it has clear benefits compared to being a digital nomad. I'm not a digital nomad, I'm a shuttler. While digital nomads jump from place to place to place, I spend my time shuttling between just two cities: Singapore and Tokyo. Unlike me, a digital nomad would be unlikely to stay in Japan during the dead of winter.
Persons: Austin Zeng, it's, , I'm, Tokyo Austin Zeng, Shinjuku Austin Zeng I'm, It's, Zeng, FOMO Austin Zeng, Austin Zeng FOMO, I've, you'll Organizations: Service, Asahi Locations: Singapore, Tokyo, Shinjuku Austin, Japan, Shinjuku, , It's, Airbnbs, I'm
The eldest son of LVMH CEO Bernard Arnault will be stepping down as the CEO of Berluti. Bernard Arnault is the world's third-richest man, and all five of his children work for LVMH brands. AdvertisementAntoine Arnault, the eldest son of LVMH CEO Bernard Arnault, will be stepping down as the CEO of Berluti, a luxury shoe brand under the LVMH umbrella. Bernard Arnault's eldest and only daughter, Delphine Arnault, became the CEO and chairperson of Christian Dior in February. In an interview with the New York Times in September, Bernard Arnault expressed his disdain for comparisons drawn between his family and HBO's hit show "Succession."
Persons: Bernard Arnault, Arnault, , Antoine Arnault, Bernard Arnault's, Delphine Arnault, Christian Dior, HBO's, Arnault —, Elon Musk, Jeff Bezos Organizations: Service, Bloomberg, New York Times, Times, Wall Street Locations: LVMH, Paris
A Chinese coffee chain called Luckin Coffee recently overtook Starbucks in China, beating the international coffee chain in sales in the second quarter of 2023, the Wall Street Journal reported on Sunday. Founded in Beijing in 2017, Luckin Coffee has staged a dramatic turn-around. AdvertisementCurious to see whether Luckin could live up to its Starbucks-killer hype, I headed over to a Luckin Coffee in Singapore's central Chinatown neighborhood on Thursday afternoon. Luckin Coffee and Starbucks did not respond to my requests for comment for this story. Ordering my coffee was machine-like: technical, efficient and impersonalA typical ordering experience on the Luckin Coffee app means you'll never have to interact with a human.
Persons: , Luckin, Kai Xiang Teo, he'd, weren't, Amanda, didn't dally, Esther, I've, Jeremy Organizations: Service, Starbucks, Wall Street, Google, Singapore Locations: China, Beijing, China . Singapore, Singapore's, Chinatown, Luckin, Singapore, Hong Kong
Gen Z and millennials are losing more sleep over their finances than older generations, a survey found. Less than half of Gen X and baby boomers said rising rent or home prices contributed to financial stress. Some 56% of Gen Z and 51% of millennial respondents to a survey by financial services company Empower published this week said their finances were keeping them up at night. Meanwhile, 62% of Gen Z and millennial respondents said rising contributed to their financial stress, while only 38% of older respondents said the same. Home ownership has long been more elusive for millennials and Gen Z.
Persons: Z, X, , Gen Z, Gen Zeds Organizations: Service, Redfin
Participants' brain and heart readings indicated that videoconferencing caused higher levels of fatigue, sadness, and inattentiveness than did in-person lectures. What sets their findings apart, they added, is that past research on Zoom fatigue has been dependent on participants self-reporting their level of exhaustion in questionnaires. AdvertisementFor example, a 2021 study by Gothenburg and Stanford researchers that involved over 2,700 respondents found that longer Zoom meetings weren't the only causes of fatigue. However, Zoom fatigue may not be as widespread as it seems. A Pew Research Center study surveying 10,000 workers in October 2020 found that fewer than four in 10 said they were worn out by videoconferencing.
Persons: , they've, Rene Riedl Organizations: Service, University of Applied Sciences Upper, Stanford, Pew Research Center Locations: University of Applied Sciences Upper Austria, Gothenburg
Sam Altman is set to return to OpenAI, with a new board in place, the company announced Wednesday. Former board members Ilya Sutskever, Helen Toner, and Tasha McCauley are out. AdvertisementSam Altman is set to return to OpenAI with a new board that includes Bret Taylor, Larry Summers, and Adam D'Angelo, the company announced in an X post Wednesday. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. — OpenAI (@OpenAI) November 22, 2023The shakeup sees the departure of former board members Ilya Sutskever, Helen Toner, and Tasha McCauley.
Persons: Sam Altman, Larry Summers, Bret Taylor, Adam D'Angelo, Ilya Sutskever, Helen Toner, Tasha McCauley, , OpenAI, Greg Brockman, Altman, they've, Bret Taylor Taylor, Taylor, Clay Bavor, who'd, Larry Summers Larry Summers, He's, @LaurenceParisot, aLKph9WEla — Lawrence H, Summers, Adam D'Angelo D'Angelo, D'Angelo, Kara Swisher, Emmett Shear, Quora, Poe Organizations: Service, Microsoft, Google, Facebook, Twitter, Elon, Google Labs, LinkedIn, Harvard, Bloomberg, GZERO Media Locations: Salesforce, Paris
The Cambridge Dictionary is updating the definition of the word "hallucinate" because of AI. Hallucination is the phenomenon where AI convincingly spits out factual errors as truth. It's a word that also captures one of the AI industry's key challenges: misinformation. AdvertisementThe Cambridge Dictionary's newly crowned word of the year is a familiar one, but it's taking on a new meaning because of AI. Business leaders and misinformation experts have also voiced their concerns over how AI might worsen the state of online misinformation.
Persons: , Morgan Stanley, Wendalyn Nichols Organizations: Cambridge, Service, Gizmodo, CNET, Microsoft, AIs
The treasury department says the company enabled transactions from Hamas, the Islamic State, and Al Qaeda. The treasury department said Binance failed to report over 100,000 suspicious transactions involving terrorist groups, ransomware, child sexual exploitation material, and scams. Lim had been told about "HAMAS transactions," and responded by saying that terrorists often send "small sums" of money because "large sums constitute money laundering," the CFTC complaint said. Advertisement"I HAZ NO CONFIDENCE IN OUR GEOFENCING," Lim was told by a Binance employee, who was tasked with reporting money laundering, the complaint said. The justice department opened an investigation into Binance's compliance with anti money laundering law in 2018.
Persons: Binance, , Samuel Lim, Lim, Zhao, Merrick Garland, Richard Teng —, Binanace, Yesha Yadav Organizations: Service, Zhao, Brigades, Hamas, Islamic, Futures Trading, AK, New York Times, Vanderbilt University, Reuters, Futures Trading Commission, Securities and Exchange Commission Locations: Islamic State, Al Qaeda, Iraq, Syria
I'm a Gen Z, and I feel it misses the point as to why my generation is falling out of love with dating apps. It's no wonder then that Tinder's "rizz-first redesign" specifically calls out Gen Z as its intended target. But dating apps are right to be concerned about their appeal to Gen Z. AdvertisementI can't help feeling Tinder is missing the real point behind why Gen Z is falling out of love with online dating: Dating apps are deeply frustrating to use. It's a frustrating time to be on online dating — and that's something adding some rizz to a redesign can't quite fix.
Persons: Tinder, , Gen, Gen Z, who's Organizations: Service
Salesforce CEO Marc Benioff is trying to get ahead of the race to poach OpenAI's talent. AdvertisementAfter the weekend of chaos at OpenAI, Salesforce CEO Marc Benioff is eyeing an opportunity for new talent. "Lol, like it was ever about compensation," wrote Boris Power, OpenAI's head of applied research, in response to Benioff. "Looking forward to joining Salesforce!" I was the janitor at OpenAI, total comp $1.2m base + $50m equityLook forward to joining Salesforce!
Persons: Marc Benioff, , Salesforce's Einstein, Lol, Boris Power, ove, ould Organizations: Service, Salesforce's Locations: OpenAI, ife
OpenAI's Ilya Sutskever had a dramatic reversal regarding the ousting of his cofounder, Sam Altman. The U-turn came after an emotional plea from cofounder Greg Brockman's wife, the WSJ reported. His change of heart came after conversations with staff and with OpenAI cofounder Greg Brockman's wife, The Wall Street Journal reported, citing people familiar with the matter. Anna Brockman — who married Greg Brockman in 2019 — cried and pleaded with Sutskever to change his mind, per the WSJ. Anna Brockman did not immediately respond to a request for comment from Business Insider, sent through Greg Brockman and outside regular business hours.
Persons: OpenAI's Ilya Sutskever, Sam Altman, Greg Brockman's, Sutskever, , Ilya Sutskever, OpenAI, we've, Anna Brockman —, Greg Brockman, It's, Altman, Greg, Anna Brockman's, @ilyasut, cfSvY7uniV — Greg Brockman, OpenAI's cofounders, Elon Musk, Satya Nadella, Brockman, Anna Brockman Organizations: Service, Street Journal, OpenAI, Twitter, Google, Microsoft, Business Locations: OpenAI
A video of an AI version of David Attenborough narrating a programmer's life went viral on X.Attenborough told Business Insider he found the video "personally distressing." The filmmaker said he's concerned an AI version of him could be used to deceive others. AdvertisementOn Wednesday, a programmer named Charlie Holtz shared a video on X that showcased an AI-generated version of David Attenborough narrating Holtz's life. In addition to sharing the video online, Holtz also shared the code he used to create his AI-Attenborough. Holtz 's video has been watched more than 3 million times, and it has already sparked interest in AI clones.
Persons: David Attenborough, Attenborough, he's, , Charlie Holtz, @charliebholtz, Sir David Attenborough, Holtz, Meta Ray Bans, Pietro Schirano, Steve Jobs Organizations: Service, BI Locations: New York City
Gen Z is nervous they're going to raise a generation of iPad kids. "I need everybody else from my generation to promise that we are not going to raise iPad children," one person said. Specifically, they're worried about raising a generation of iPad kids. "Not trying to start a culture war but much of online gen z culture seems to be about gen z exceptionalism & villainizing all other generations," one person wrote on X, formerly known as Twitter, in response to the viral TikTok videos. Advertisement"iPad kids, video games kids, TV kids, same hysteria.
Persons: , they're, @gabesco, iPads, Gen Z, @hopeyoufindyourdad, she's, It's, Alpha, Sophie Puchulu, Puchulu, there's, Z's, We've Organizations: Service, Alpha, American Academy of Pediatrics, Academy Locations: Minnesota
Linda Yaccarino's efforts to reassure companies about X are being undermined by Elon Musk. Yaccarino released a statement on Thursday saying X is working to combat antisemitism. However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. AdvertisementLinda Yaccarino's efforts to reassure companies that X is safe for brands are being undermined by Elon Musk's actions. The contrast between Yaccarino's statement and Musk's post was not lost on platform users.
Persons: Linda Yaccarino's, Elon Musk, Yaccarino, Musk, , Elon Musk's, , Linda Yaccarino, Dustin Moskovitz, Ross Gerber, Tesla, VWqtI32Jxz — Matthew Gertz, Yaccarino —, Yaccarino's, Lou Paskalis, they're Organizations: Service, IBM, Financial, Media, Apple, Comcast, X, Business, Reuters, Vox Media, Conference
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