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☆ What is Bluesky? A new Jack Dorsey-backed Twitter rival has people fighting for invites
▼ + stars: | 2023-04-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Bluesky has been compared to Mastodon and is backed by Twitter cofounder Jack Dorsey. The Jack Dorsey-backed platform, Bluesky, is a Twitter clone with a very similar format to its established rival. Bluesky users set up a profile by choosing a picture, bio, display name, and domain name. However, unlike Mastodon, users don't have to choose a server when they sign up – something that appeared to be an issue for Mastodon users who found the process too complicated. In April last year, Bluesky clarified the company's relationship to Twitter, saying: "The bluesky project originated with Twitter in 2019, but the Bluesky PBLLC established this year is an independent company focused on decentralized social network R&D."

☆ Elon Musk cut off OpenAI's access to Twitter's data because he felt the company wasn't paying enough, report says
▼ + stars: | 2023-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

In December, Elon Musk shut off OpenAI's access to Twitter's data, the New York Times reported. Musk reportedly felt the AI company was not paying enough for access, per the publication. In December, only weeks after OpenAI launched ChatGPT, the company had its access to Twitter's data shut down, per a report. Musk felt that the approximately $2 million a year OpenAI was paying to license the company's data was not enough,The AI company had been licensing Twitter's data to help build its AI chatbot, per the NYT. Representatives for OpenAI and Elon Musk did not immediately respond to Insider's request for comment, made outside normal working hours.

☆ A strange new TikTok trend called 'sludge content' has Gen Z hooked
▼ + stars: | 2023-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

TikTok has a mindless new obsession called "sludge content." Gen Zers, already known for being overstimulated, have a new TikTok obsession that is making them even more so. Multiscreen videos, dubbed "sludge content," have been sweeping the platform. As well as "Subway Surfers," common clips used in sludge videos include screen recordings of various smartphone games and the TV show "Family Guy." The origin of the videos is unknown but some think they keep viewers watching content for longer.

☆ Employee says ChatGPT carries out 80% of his work duties, which allowed him to take on a 2nd job, report says
▼ + stars: | 2023-04-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Several workers told Vice they were using ChatGPT to work multiple jobs. One worker, referred to as Ben, said he used the chatbot to apply for a second job. He told Vice ChatGPT had helped him do his job faster and more efficiently, leaving him with more time. Earlier this year, Ben told Vice he landed a second job after using the chatbot to write his cover letters. "That's the only reason I got my job this year," Ben told Vice.

☆ Netflix is already losing masses of customers over its password-sharing ban. Here's how it's clamping down around the world.
▼ + stars: | 2023-04-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

In Spain, users have gone on a canceling spree. Netflix is pushing ahead with its password-sharing clampdown — and research shows that scores of customers have gone on a canceling spree. In Spain, where password-sharing rules were enforced in early February, Netflix subscribers have been on a canceling spree, per Bloomberg. Citing research from Kantar, Bloomberg reported that Netflix lost more than one million users in Spain during the first three months of 2023. Netflix has tested other rules aimed at stamping out password-sharing, including temporary-access codes for traveling, Insider previously reported.

☆ Tim Cook is bullish on India being the new China for Apple. These 3 charts show there's a long way to go.
▼ + stars: | 2023-04-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

This first store comes 14 years after Apple first opened in China, and Cook has sometimes compared the two markets. And so I'm very, very bullish and very, very optimistic about India," Cook told investors on an earnings call in 2017. In the same year, Apple only took 6% of the market share in India compared to Android's 94%. Apple has increased iOS device sales over the years to claim 17% market share from rivals, per Counterpoint Research's data. For Cook, India could offer similar tantalizing growth.

☆ Cheaper Teslas are hurting profits, but Elon Musk plans to keep slashing prices. Here's why.
▼ + stars: | 2023-04-23 | by ( Beatrice Nolan | George Glover | ) www.businessinsider.com time to read: +5 min

Tesla's profit margins plunged last quarter after the EV maker made aggressive price cuts. Musk could sacrifice short-term profits to grow Tesla's market share. Tesla disappointed its shareholders on April 19 when it revealed how its aggressive price cuts have affected its business. But these cuts have eaten into Tesla's profit margins. While price competition isn't uncommon in the auto industry, car companies might struggle to match the size of Tesla's cuts without hurting their own profit margins.

☆ It might be time to break up with your work wife or husband — the concept is 'outdated' and exclusionary, experts say
▼ + stars: | 2023-04-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Work spouses are close colleagues who rely on each other for support in the workplace. But is it appropriate to have a non-romantic work wife or husband? A poll conducted in March for Newsweek by Redfield & Wilton Strategies found a generational divide in opinions on work spouses. "I have never seen, for instance, a male-female pair of close friends at work called 'work spouses' if one or both of them are gay," they told Insider. She said that while it's fine to have close relationships at work, the heteronormative terms can be restrictive.

☆ Ford CEO Jim Farley says Tesla price cuts could start an EV price war
▼ + stars: | 2023-04-21 | by ( Beatrice Nolan | George Glover | ) www.businessinsider.com time to read: +2 min

Ford CEO Jim Farley says Tesla's pricing could spark an EV price war. Ford CEO Jim Farley said Tesla's price cuts could spark an electric-vehicle price war and transform some into commodities. In January, Ford followed Tesla in cutting EV prices, discounting its plug-in Mustang Mach-E range by between about 1% and 8.8%. Tesla's price cuts are aimed at undercutting rivals and boosting market share, but the strategy has cost the company. Seth Goldstein, an equities strategist for Morningstar, told Insider Tesla's price cuts had left legacy automakers scrambling.

☆ Snap CEO Evan Spiegel says he would love a US TikTok ban in the short term
▼ + stars: | 2023-04-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Snap CEO Evan Spiegel says the company would love a US TikTok ban in the short term. TikTok is being reviewed by Congress, which has concerns about data privacy. Snap CEO Evan Spiegel says the company would love a US TikTok ban — but only in the short term. Spiegel was asked by a reporter at the Snap Partner Summit on Wednesday if he thought Congress should ban TikTok. "In the short term, that is something that would help us out."

☆ Millions of boomers are approaching retirement with no savings, survey finds
▼ + stars: | 2023-04-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A recent study found that 21% of those aged 59 and above have a net worth of $0 or less. The study found that 21% of those aged 59 and above said their personal net worth was $0 or in the negative. A 2022 Gallup survey found that the average retirement age in the US was 61, leaving these workers with little time to save. Across all generations, the survey of 1,006 US adults found that 31% said their net worth was $0 or in the negative. The survey found that nearly one-in-five respondents aged 59 or above said they didn't have a retirement account, the highest number of any of the generations surveyed.

☆ Elon Musk says people should be cautious with AI because the tech is 'a danger to the public'
▼ + stars: | 2023-04-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk called AI a danger to the public during an interview with Tucker Carlson. In an interview on Fox News' "Tucker Carlson Tonight," he said people should be "cautious with AI" and advised that there should be government oversight because the tech is "a danger to the public." "I think we'll have a better chance of advanced AI being beneficial to humanity in that circumstance," he added. It's far from the first time the billionaire has discussed the potential risks of advanced AI. He's previously compared AI with nuclear warheads, told Tesla investors that the tech stresses him out, and criticized OpenAI, a company he cofounded.

☆ I've been a singer on cruise ships for more than 13 years. Being away for long stretches has its ups and downs — but it's hard to imagine giving it up.
▼ + stars: | 2023-04-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Rachael Hudson has worked as a singer on major cruise liners since July 2009. This is an as-told-to essay, based on a conversation with Rachael Hudson. It's a very fun job, but cruise performers have to work hard to get to where we are. I ended up working on cruise ships and I've been doing it for more than 13 years. Rachael Hudson by a palm tree.

☆ Advanced AI keeps Sundar Pichai up at night and makes Sam Altman a bit scared. Here's why some tech execs are wary of its potential dangers.
▼ + stars: | 2023-04-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Here's what tech executives are saying about the potential dangers of advanced AI tech. In a recent interview with Tucker Carlson, Musk said AI had the potential to destroy civilization. Sam AltmanOpenAI CEO Sam Altman has said he's a "little bit afraid" of AI. "And I think it'd be crazy not to be a little bit afraid, and I empathize with people who are a lot afraid." In an earlier interview with ABC News, Altman said that "people should be happy" that his company was "a little bit scared" of the potential of artificial intelligence.

☆ Sundar Pichai says AI technology could be more profound than fire or electricity
▼ + stars: | 2023-04-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sundar Pichai has discussed the capabilities of AI and its potentially huge effect on society. In a "60 Minutes" interview, Pichai said AI could be more profound than fire or electricity. Sundar Pichai, CEO of Google's parent company Alphabet, says artificial intelligence could be the most profound technology in human history. In an interview on CBS's "60 Minutes," which aired on Sunday, Pichai said he thought of AI "as the most profound technology humanity is working on. Microsoft, Google's old rival and a prominent investor in OpenAI, has already released an AI-powered version of its Google Search competitor, Bing.

☆ Elon Musk says he wouldn't sell Twitter for the amount he paid unless a buyer would 'rigorously pursue the truth'
▼ + stars: | 2023-04-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk says he wouldn't sell Twitter unless a buyer was committed to pursuing the truth. In an interview with BBC News, Musk originally said he wouldn't sell the company for $44 billion. He later clarified, saying he would sell to someone who would "rigorously pursue the truth." Even if Musk was willing to sell the platform, Twitter may not still be worth the billions he paid for it. Representatives for Twitter did not immediately respond to Insider's request for comment, made outside normal working hours.

☆ Two Google employees tried to stop the company from launching Bard, citing concerns about inaccurate and dangerous responses, report says
▼ + stars: | 2023-04-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Some Google employees have been raising the alarm about the company's AI development, per the NYT. Two workers tried to stop the company from releasing its AI chatbot, Bard, the publication reported. According to the Times report, two Google employees who were tasked with reviewing AI products tried to stop the company from releasing its AI chatbot, Bard. Google told The Times it had released Bard as a limited experiment because of these debates. In March, several AI heavyweights signed an open letter calling for a six-month pause on advanced AI development.

☆ Sam Bankman-Fried reportedly joked about losing track of assets worth millions of dollars
▼ + stars: | 2023-04-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried joked about losing track of millions of dollars in assets, a debtors' report said. The document accused the individuals in charge of FTX and Alameda of misusing funds and lying. In an internal communication cited in the report, Bankman-Fried once said FTX's sister company Alameda Research was "hilariously beyond any threshold of any auditor being able to even get partially through an audit." According to the report, Alameda struggled to understand what its own positions were, "let alone hedging or accounting for them." This inner circle reportedly included Bankman-Fried, FTX cofounder Gary Wang, former Alameda CEO Caroline Ellison, and FTX's former engineering director Nishad Singh.

☆ A college student got a top grade for an essay written with the help of ChatGPT, report says
▼ + stars: | 2023-04-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

A college student said he was given the highest grade on an essay written with the help of ChatGPT. The student told BBC News he adapted and tweaked the content generated by the chatbot. The student, who averages a 2.1 grade, said he submitted one 2,500-word essay written with the help of ChatGPT, and another without any help from the bot. However, for the AI-assisted essay he was given a first – the highest grade he'd been ever awarded, per the report. Schools and colleges have been scrambling to deal with the fallout from the viral AI chatbot since it launched in late November.

☆ Gen Z is the biggest beneficiary of workplace nepotism despite calling it out, study finds
▼ + stars: | 2023-04-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

More than two-thirds of Gen Z have used nepotism to land a job offer, a new study found. They survey of 2,000 workers found 42% said they'd won a role or job offer through nepotism. Even if they disapprove of nepotism, three-quarters of Gen Z workers said they would still use it. Almost half the Gen Z employees that have used nepotism to land a role ended up with a junior title, and a quarter were unemployed beforehand. That was causing Gen Z to devise creative solutions due to these unrealistic expectations, per Fortune.

☆ Mark Zuckerberg and other top Meta execs are spending most of their time on AI, the company's CTO says
▼ + stars: | 2023-04-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Andrew Bosworth told Nikkei Asia that the company had been investing in AI for more than a decade. Meta's new generative AI team was very busy, he added. Bosworth told Nikkei Asia that Meta had been investing in AI for more than a decade. He called the demands expressed in an open letter for a pause on advanced AI development "unrealistic." "I think it's very important to invest in responsible development," Bosworth told the outlet, "and we do that kind of investment all the time.

☆ Kanye West and Sam Bankman-Fried lose billionaire titles on Forbes' annual rich list
▼ + stars: | 2023-04-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried and Ye, formerly known as Kanye West, have dropped off Forbes' billionaire list. Bankman-Fried's net worth tumbled from $24 billion in 2022 to less than $10 million, per Forbes. Bankman-Fried's net worth tumbled from $24 billion in 2022 to less than $10 million, according to Forbes wealth reporter Richard J. Chang. Bernard Arnault and his family topped the list with a net worth of $211 billion, according to Forbes. Forbes estimated the billionaire had around $39 billion knocked off his total net worth last year.

☆ Properties in Austin have skyrocketed in value over the last 25 years. Here are the top 10 US areas where house prices have grown.
▼ + stars: | 2023-04-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Property values in Austin have soared over the past 25 years, an analysis from SmartAsset found. The study analyzed average home value data in metro areas from 1998 to 2022. The study analyzed average home value data in 400 metro areas between 1998 and 2022, calculating collective increases to measure growth and drops in value to measure stability. Two areas in Colorado — Boulder and Fort Collins — also saw above-average home value growth. Here are the metro areas that have seen the biggest property value growth in the last 25 years:

☆ Millennials say it's inappropriate to have a work wife but most Gen Zers and boomers are cool with it, poll finds
▼ + stars: | 2023-04-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Gen Zers and millennials disagree on whether it's appropriate to have a work spouse, a poll found. However, fewer than half of Gen Zers and boomers think having a work spouse is inappropriate. The study found that most Gen Zers and boomers were fine with the relationships. However, the work relationships could also serve to fill "a void that exists in someone's romantic relationship," she said. Rhodes added: "There is a tendency for people to have an emotional affair with their work wife or work husband when things are not really going well at home."

☆ Legal and finance jobs are among the most at risk from AI, while construction and trade jobs face minimal influence, studies suggest
▼ + stars: | 2023-04-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

While the studies predicted advances in AI tech could also improve labor productivity and create jobs, they said some industries would likely be more affected than others. The researchers used a benchmark that matched specific work tasks with AI capabilities to calculate the results. They estimated that about 46% of work tasks in the sector could be automated. FinanceBanks are already incorporating AI tech into their day-to-day business operations. The Goldman researchers estimated that about 29% of computing and mathematical tasks in the US and Europe could be automated.

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