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A defense lawyer for Young Thug told jurors his rapper name actually means "Truly Humble Under God." AdvertisementAn attorney defending Young Thug in his RICO trial said the Grammy winner's moniker actually stands for "Truly Humble Under God." Steel said Young Thug desired to break his community out of poverty and an "endless cycle of hopelessness," and that if he achieved his goal, he would be "Truly Humble Under God." "They call themselves YSL because the pants, tight-fitting pants, the women's pants that they're wearing it says YSL, Yves Saint Laurent. Steel also said that "pushing P," the title of a song featuring Young Thug, was short for "pushing positivity."
Persons: Young Thug, Brian Steel, Young, Yves Saint Laurent, Steel, , Jeffery, Tupac Shakur, Fani Willis, Jeffery Williams, Young Stoner, YSL, That's, Prosecutors, He's, Willis, Donald Trump Organizations: Service, Prosecutors Locations: Atlanta, Fulton County
Investor Kenneth Ballenegger was suspended from his firm Oyster Ventures after offensive posts on X.Ballenegger wrote on X that Israel should sterilize Gaza's population, among other remarks. AdvertisementAdvertisementVenture capitalist Kenneth Ballenegger has been suspended from the US investment firm he cofounded, Oyster Ventures, after making offensive remarks on X on the Israel-Hamas conflict. According to screenshots shared with Insider, Ballenegger wrote on Sunday: "After the war, Israel should handle Gaza like China handles Xinjiang. "Any employee's personal or political opinion does not reflect the values of Oyster Ventures or myself. The blowback over Ballenegger's comments also reflect ongoing tensions in the tech world.
Persons: Kenneth Ballenegger, Ballenegger, sterilize, , Yashar Ali, Ballenegger's, Sophie Liao, Liao, I've, Bolt, Dealroom, Crypto, Paddy Cosgrave Organizations: Oyster Ventures, Service, Ventures, Summit Locations: Israel, Gaza, China, Xinjiang, San Francisco, Asia, Pitchbook
Elon Musk and Sam Altman are taking swipes at each other on X.Musk fired back at Altman after the OpenAI CEO mocked his "rebellious" AI chatbot Grok. AdvertisementAdvertisementFormer colleagues Elon Musk and Sam Altman are swiping at each other's products. Musk fired back at Altman after the OpenAI CEO mocked his '"rebellious" AI chatbot Grok. The OpenAI CEO asked the system to create a bot with "cringey boomer humor in an awkward shock-to-get-laughs sort of way." Despite cofounding OpenAI together in 2015, Musk and Altman have been publically sniping at each other over the last year.
Persons: Elon Musk, Sam Altman, Musk, Grok, Altman, , ChatGPT, Christopher Stanley, OpenAI's, cofounding OpenAI Organizations: Altman, Service, X Locations: OpenAI
Superyacht Holdings is giving millionaires the chance to cohabitate the $117 million Victorious superyacht. Superyacht Holdings is taking a (relatively) democratized approach to superyacht ownership with its first target acquisition, the €110 million — about $117 million — Victorious. And because the ship is currently in operation, Superyacht Holdings won't have to do any refitting work. The Locastro brothers says several former employees from The World now work for Superyacht Holdings. Superyacht Holdings hasn't acquired its vessel yet, but this isn't uncommon for ship startupsBuyers can purchase more than one unit.
Persons: , Thomas Locastro, Matthew Locastro, Matthew, Matthew said, Locastro, James St, John, Justin Thorton Organizations: Superyacht, Service, Holdings, Superyacht Holdings, Monaco, Prix, AKYACHT, Superyacht Holdings hasn't, British Virgin Islands Locations: Spain, France, Croatia, Greece, Caribbean, Turkey, Saint Lucia, Barbados, British Virgin
The Novel Source for This Space Mystery? A Novel.
  + stars: | 2023-11-06 | by ( Samuel Horti | ) www.nytimes.com   time to read: +1 min
Humanity’s first contact with tiny quasi-intelligent robots felt fresh and believable to the video game producer Marek Markuszewski as he devoured “The Invincible,” Stanislaw Lem’s 1964 science fiction novel, in two evenings. Its precise descriptions of force fields and antimatter cannons seemed ready-made for the screen. “This is great material for a major game,” Markuszewski said he thought at the time, while he was working for the developer CD Projekt Red. But it was a challenge Markuszewski embraced after cofounding the Polish studio Starward Industries, which has adapted Lem’s work for its debut game, The Invincible. (It releases on Monday for the PC, the PlayStation 5 and the Xbox Series X|S.)
Persons: Marek Markuszewski, ” Stanislaw Lem’s, ” Markuszewski, , Markuszewski, Hunt, Andrzej Sapkowski Organizations: Starward Industries, PlayStation
Kim Kardashian's Skims is adding men's products like boxers and briefs to its online store this week. AdvertisementAdvertisementKim Kardashian's shapewear brand Skims is launching a menswear collection. This includes a range of men's products such as boxers, briefs, t-shirts, undershirts, tank tops, and leggings, and will be available to shop online from Thursday. Kardashian told The Wall Street Journal that Skims shoppers have been requesting men's products for their boyfriends and husbands for some time. Skims was valued at $4 billion in July after a $270 million funding round.
Persons: Kim Kardashian's, Skims, , Kardashian, Emma, Jens Grede, SKIMS, Neymar Jr, Shai Gilgeous, Alexander, Nick Bosa, Kardashian's, Tom Brady's, Brady, Gredes Organizations: Service, Wall Street, NFL
Soaring mortgage rates could be bad news for the economy, Bill Gross tells Insider. AdvertisementAdvertisementThe housing market is grinding to a halt as borrowing costs soar, paving the way for a broader economic downturn, Bill Gross said. The hikes have caused 30-year mortgage rates to soar from below 3% in late 2021 to about 7.7% — their highest level in more than 20 years. A key reason is a supply shortage, as many homeowners have locked in cheap mortgages rates and are loath to lose them by selling. Gross expected high mortgage rates to temper demand for new home construction – a leading indicator for the wider economy.
Persons: Bill Gross, , Gross, Powell Organizations: Service, Federal Reserve
Today, Aimtal has 20 employees across seven time zones. To make it work, Mesh said the company set clear expectations and had established processes for communication and collaboration. Insider spoke with a small-business owner and a remote-work expert about how small businesses could manage teams across multiple zones. Aimtal requires its employees to be available from 11 a.m. to noon and 3 p.m. to 4 p.m. Watson said small-business leaders should build connections and immerse employees in the company's culture to keep them happy and productive.
Persons: Slack, Aimtal, Janet Mesh, Cynthia Watson, you've, Watson, Jessie Wyman Organizations: Service Locations: Wall, Silicon, Boston, Virtira
The Eastbay deal gave Smith a bigger audience, leading to partnerships with companies including Coach, Heydude, Boost Mobile, and Hardee's. He mixes up his content with get-ready-with-me and workout videos, and posts about football, track, comedy — or his NIL deals. "People say they want NIL deals," Smith said, "but don't post on social media … Well, to get NIL deals, you have to post. "Don't let anybody tell you you can't get NIL deals at a smaller school," Smith said he tells other student-athletes. He said he's cofounding a new NIL marketplace that he plans to release this fall, hoping to specifically connect HBCU athletes with brand deals.
Persons: Rayquan Smith, Smith, He's, he's, That's, who's, hasn't, I'm Organizations: Norfolk State, Smart, Boost Mobile, Twitter, Eastern Athletic Conference, Virginia State University, Black Sports Locations: TikTok, Instagram
A newly released biography on Musk details how he justified poaching a Google scientist to then-CEO Larry Page. "And I was like, 'Larry, if you just hadn't been so cavalier about AI safety then it wouldn't really be necessary to have some countervailing force," Musk said. Sutskever joined Google's AI unit, Google Brain, in 2013 along with Geoffrey Hinton — also known as the "godfather of AI." "And I was like, 'Larry, if you just hadn't been so cavalier about AI safety then it wouldn't really be necessary to have some countervailing force," Musk added. When Musk started his own AI startup — xAI — in July, he again poached AI experts from Google and OpenAI.
Persons: Larry Page, Larry, Musk, Elon Musk, Sam Altman, OpenAI, Walter Isaacson's, Altman, Ilya Sutskever, Sutskever, Geoffrey Hinton —, Ilya, Isaacson, Organizations: Service, Google Locations: Wall, Silicon
Elon Musk felt left out when generative AI started to gather steam, his biographer said. The excerpt from Walter Isaacson's upcoming biography of Musk was published in Time. In the excerpt, which was published in Time, Musk felt he'd been left out of the AI boom after OpenAI released GPT-4 to the public and Google launched its Bard chatbot. Despite this, Musk officially launched his own AI venture, xAI, in July this year. However, an August report in The New Yorker said, the Tesla CEO was building his own AI venture at a similar time.
Persons: Elon Musk, Musk, Walter Isaacson's, he'd, OpenAI, chatbot ., Elon Musk OpenAI, OpenAI's, Tesla Organizations: Service, Google, Elon, Microsoft, New Yorker Locations: OpenAI, Wall, Silicon, New
Creator Rosie Nguyen started Fanhouse in 2020 with two other cofounders. Nguyen explains what she would do differently as a founder if she were building the startup today. Nguyen launched Fanhouse in 2020 as a subscription platform for creators to monetize, share exclusive behind-the-scenes content, and connect with top fans. The added investments helped Fanhouse in many ways, like hiring more staff and paying creators more money through the platform. She'd also tap into equity crowdfunding like creator startup Gumroad did.
Persons: Rosie Nguyen, Fanhouse, Nguyen, Lucy Guo, @jasminericegirl, Khoi Le, Jerry Meng, VCs, Jeff Morris Jr, Andreessen Horowitz, She'd, she'd, Le, Meng, shouldn't Organizations: Twitter, Investors, didn't Locations: American, Los Angeles, Fanhouse, VCs
Want to work in tech? Don't work in tech.
  + stars: | 2023-08-08 | by ( Tien Tzuo | ) www.businessinsider.com   time to read: +8 min
I advise young engineers today to work for Fortune 500 companies, not Big Tech. Today, however, he's working on a project for a different kind of tech company: John Deere. There is no magic at Big Tech companies, there's only money. And Fortune 500 companies simply don't have the luxury of buying talent just to park it. Today, all companies are tech companies, and they all want to see more recurring revenue in their business models, which means they need smart, restless engineers.
Persons: moonshots, Jon Weisz, John Deere, Weisz, Peter Thiel, that's, Philips, Ford, Tien Tzuo, Tzuo Organizations: Fortune, Big Tech, Corporations, Oracle, Apple, Nike, Honeywell, Volvo, Boeing, Whirlpool, Technologists, Facebook, Consumer, SEI, Microsoft, EV, Cornell, Stanford Locations: Columbia, Baltimore, Hulu, Atlanta, Salesforce
Sensorfact has created a smart monitoring system to help industrial companies cut energy and water use. Check out the 11-slide pitch deck it used to secure 25 million euros (around $28 million). A Dutch startup helping industrial companies manage their energy and water use has just raised 25 million euros (around $28 million) from growth impact fund Blume Equity. Sensorfact, founded in 2017, has developed a smart monitoring system for industrial companies including food and beverage, plastic and rubber, and metals manufacturers. It uses wireless sensors that are clipped onto machine cables and gas, water, and compressed air pipes to monitor flow every 30 seconds, which is fed back to a user-facing platform.
Persons: Sensorfact, Pieter Broekema's, Broekema, Biden's, Blume, Eleanor Blagbrough Organizations: Blume Equity, Sensorfact, Industry, SET Ventures Locations: Dutch, Europe
In 2020 he left to teach computer programming at his hometown's high school. In 2020, a year before the company I cofounded would be valued at $1 billion, I returned home to Cesis in Latvia to start my new job as a programming teacher at the local school. I realized how tough teaching isThe work of preparing for classes was all on me. My company and I found a suitable replacement candidate and agreed with the school to pay two-thirds of his salary. I didn't know the kids, they didn't know me, and we didn't know what to expect from each other.
Persons: Agris Tamanis, , I'd, Draugiem, We'd, Printful, we'd, haven't, I've Organizations: Service, Entrepreneurship Locations: Latvia, Latvian, Cesis, COVID, Printful
Its CEO is leaving the company, most employees have either quit or been laid off, and production of new clothing is on hold, several people told Insider. Several people told Insider last year that Charnas was furious with Scanlan for keeping her in the dark about the company's struggles. Arielle Charnas recently said on Instagram that "a lot of changes had to be made" at Something Navy. (The company's founder told Insider that Package Free finally paid them this week after dodging them for a year.) Scanlan's spokesperson told Insider that a sale of Something Navy was on the horizon.
Persons: Charnas, Matt Scanlan, Scanlan, Bradstreet, Arielle Charnas, Monica Schipper, who's, Matt, he's, Darian DiCianno, Charnas hasn't, they'd, Brandon, he'd, Eugene Gologursky, Silas Chou, Jenny Fleiss, Ivory Ella, They're, Betty Wang, cofounding Naadam, Blue, Thakoon's, Laura Cook, Michael Yeager, Elisa Giorgi, Bailey Miller, Scanlan's Organizations: Navy, Associates, Something Navy, company's, Saks Fifth, Hamptons, Naadam, Los, Nordstrom, United, Blue, & $ Locations: Jersey, Charnas, India, Hong Kong, Los Angeles, New, Newport Beach , California, Its New Jersey, stiffing
The biotech company Biogen is revamping its board of directors. The nominee, Susan Langer, is "highly qualified", Biogen said. Biogen, the $44-billion biotech company known for its work in Alzheimer's, is refreshing its board of directors. Standing for election as a replacement is Susan Langer, a 32-year-old biotech exec and former Biogen employee. Langer, a graduate of Cornell University, is the daughter of the biotech billionaire Robert Langer, known for cofounding Moderna.
Persons: wasn't, Susan Langer, Biogen, Alex Denner, Denner, Langer, Stat, Jack Cox, Ms, Cox, Denner didn't, Langer couldn't, Robert Langer, she's Organizations: Morning, Stat, Board, Stat News, Cornell University, cofounding Moderna, Souffle Therapeutics Locations: Alzheimer's, Biogen
New York CNN —For a few months in 2017, there were rumors that Sam Altman was planning to run for governor of California. Altman, the CEO and co-founder of OpenAI, the artificial intelligence company behind viral chatbot ChatGPT and image generator Dall-E, is set to testify before Congress on Tuesday. Maybe I’m wrong?’ Thank God someone with so much power has so much humility.”Others want Altman and OpenAI to move more cautiously. OpenAI co-founder & CEO Sam Altman speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 03, 2019 in San Francisco, California. Similar generative AI technology is quickly finding its way into productivity and search tools used by billions of people.
"It's like a comedy-drama satire," Margolin, a junior at New York University, told Insider of the film, called "Doomers." It's about a former youth climate activist and a former NASA climate scientist who go out for a night of hedonistic destruction to celebrate giving up on fighting the climate crisis. Margolin started to worry that the youth climate movement had inadvertently created a capitalistic monster. So many companies, even big polluters or those with sweatshops in their supply chains, talk about sustainability and climate justice. "Corporations and politicians have exploited the youth climate movement," Margolin said.
The pair then decided to launch a venture firm, Fiat Ventures, with fintech vet Marcos Fernandez. After stints at buzzy startups in Silicon Valley, the two college buds are now making a name for themselves as the cofounders of the growth consultancy firm, Fiat Growth, and its sister venture firm, Fiat Ventures. In the case of Fiat Growth and Fiat Ventures, they have "reverse engineered" this model, where Fiat Growth acts in some ways like a platform team for its sister venture fund. Using this firsthand knowledge about industry trends and insight in startups with investing potential, Fiat Growth often passes this intel on to Fiat Ventures. How it all beganBefore cofounding Fiat Growth and Fiat Ventures, Glover and Harris became friends while on the football team at the University of California, Berkeley.
Jack Clark was a Bloomberg tech journalist in 2015 when he came across OpenAI for the first time. He was so inspired that he quit his job and dove into the world of AI, later cofounding Anthropic. Now, he writes Import AI, a weekly AI-focused newsletter that reaches over 34,000 subscribers. A "weird" newsletterA weekly newsletter, Import AI features detailed analyses on AI research papers, Clark's thoughts on current events, and AI-focused short fiction stories. He estimates that he's read around 4,000 research papers while writing Import AI — and more importantly, he jokes, spent over $6,000 in lattes due to his persistent habit of drinking multiple caffeinated beverages while writing each week.
Ian Hogarth — who has invested in over 50 AI companies — wrote an FT essay warning about the tech. "God-like AI could be a force beyond our control or understanding, and one that could usher in the obsolescence or destruction of the human race," he added. At some point, someone will figure out how to cut us out of the loop, creating a God-like AI capable of infinite self-improvement," Hogarth added. He also warned that the heated competition between those at the forefront of the technology, like OpenAI and Alphabet-owned DeepMind, risks an unstable "God-like AI" because of a lack of oversight. In a 2019 interview with the New York Times, OpenAI CEO Sam Altman compared his ambitions to the Manhattan Project, which created the first nuclear weapons.
The startup has already raised about $100 million from investors like Google Ventures, Breakthrough Energy Ventures, Energy Impact Partners, Lowercarbon, and Prelude. "There's a lot of parallels to the story of Nest," Rogers said. However, because Mill handles the entire process from homes to farms, it faces many challenges not found in other food waste startups, Rogers said. And although the company's coffers are well-stocked in a tough market environment, Rogers told Insider that he's always open to conversations with investors. Here's an exclusive look at the 7-slide pitch deck Mill used to raise $100 million from Google Ventures, Breakthrough Energy Ventures, Energy Impact Partners, Lowercarbon, and Prelude:
Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. There were 895.3 million acres of farmland in America in 2021, according to a 2022 report from the Department of Agriculture. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased?"
Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.
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