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☆ Stocks making the biggest moves midday: Salesforce, Kohl's, HP, Best Buy and more
▼ + stars: | 2024-05-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Its fiscal first-quarter revenue was $9.13 billion, versus the $9.17 billion expected from analysts polled by LSEG. Foot Locker's earnings per share came in at 22 cents, versus the LSEG consensus estimate of 12 cents per share. Agilent Technologies — The stock fell nearly 8% after the company reported a slight revenue miss but an earnings beat. However, Hormel's adjusted earnings per share of 38 cents topped the 36 cents expected from analysts. American Eagle Outfitters — The retail stock slipped 3.6% after the clothing company reported weaker-than-expected sales in its fiscal first quarter on Wednesday.

Persons: Salesforce, LSEG, FactSet, Rob Enslin, Corie Barry, Agilent, Nutanix, Mike Mathias, —, Lisa Kailai Han, Hakyung Kim Organizations: LSEG, Revenue, HP —, HP, StreetAccount . Revenue, Burlington, American Eagle Outfitters, CNBC Locations: LSEG

☆ Argentina’s 'anarcho capitalist' Milei meets with Sam Altman, Tim Cook and Sundar Pichai in a bid to spur investment
▼ + stars: | 2024-05-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Argentina's President Javier Milei waves during the commemoration of the 214th anniversary of the May Revolution that led to the independence from Spain, at Plaza San Martin in Cordoba, Argentina, on May 25, 2024. On his seventh overseas trip since taking office late last year, Argentina's Milei traveled to San Francisco late Monday and has since met with OpenAI CEO Sam Altman, Google's Sundar Pichai and Apple CEO Tim Cook. The right-wing leader, and self-described "anarcho capitalist," is scheduled to meet with Meta CEO Mark Zuckerberg before departing from the U.S. on Friday. On a separate trip to the U.S. last month, Milei met with tech billionaire Elon Musk at a Tesla electric car factory in Austin, Texas. The growth of AI data centres will also require significant energy and water resources, of which Argentina has in abundance."

Persons: Javier Milei, Diego Lima, Argentina's Milei, Sam Altman, Google's Sundar Pichai, Tim Cook, Mark Zuckerberg, Milei, Elon Musk, Nicolas Saldias, Saldias, Mariano Machado, Verisk Maplecroft, We're, " Machado, Javier Milei's, Luis Robayo Organizations: Plaza San, Afp, Getty, Apple, Meta, U.S, Analysts, America, Economist Intelligence Unit, CNBC, Americas, Verisk Locations: Spain, Plaza San Martin, Cordoba, Argentina, San Francisco, U.S, Austin , Texas, Olivos, Buenos Aires Province

☆ Duke Energy CEO on clean energy transition: Extraordinary opportunity where innovation meets growth
▼ + stars: | 2024-05-30 | 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 EmailDuke Energy CEO on clean energy transition: Extraordinary opportunity where innovation meets growthLynn Good, Duke Energy chair and CEO, joins 'Squawk on the Street' to discuss long-term energy security, how much of the company's supply is data centers, and how much tech companies are investing to develop this clean energy power.

Persons: Good Organizations: Duke Energy

☆ Why some full-time influencers are going back to their 9-to-5 jobs
▼ + stars: | 2024-05-30 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

Her success in monetizing her platform persuaded her to try full-time content creation in 2023. Hong Kong-based creator Anushka Purohit decided to dive into a corporate 9-to-5 job after graduating from college instead of becoming a full-time creator because of the perceived financial instability. "The idea of full-time content creation is often more glamorous than reality," she said. Nguyen also said she'll never go back to full-time content creation because of the financial instability. Being a full-time creator can also hurt your social-media brand if you compromise for the money.

Persons: —, influencer Maryam Salam, Adesh, hasn't, they've, Anushka Purohit, Purohit, Mitchie Nguyen, Instagram, Nguyen, she's, Salam, she'll, Maryam Salam, Maryam, Mariam Organizations: Service, Business, Salam, Google, Staples, RBC Locations: Canada, monetizing, Hong Kong, York, TikTok

We asked seven pro investors to identify the best trades of their careers and explain how the lessons from those decisions still apply today. The CBOE Volatility Index, also known as the VIX, shot above 40, essentially meaning traders were betting that the stock market would be exceptionally rocky over the following month. Jeff Muhlenkamp, lead portfolio manager at Muhlenkamp & CompanyJeff Muhlenkamp Muhlenkamp & CompanyJeff Muhlenkamp's namesake Muhlenkamp Fund (MUHLX) has been in the top 3% of its category in the past half-decade, thanks to trades like one he pulled off on Chinese internet firm Baidu (BIDU). "I pretty much expected, 'OK, if I get a double out of this in five years, I'll be happy' — that's pretty decent money," Muhlenkamp said. He noted that industrials within the Russell Mid Cap value index have returned 116% over the previous five years.

Persons: —, That's, Michael Burry, Warren Buffett, Berkshire, Rob Arnott, Tim Boyle, Arnott, I'd, Bob Elliott, Bob Elliott's, Elliott, Jeff Muhlenkamp, Jeff Muhlenkamp Muhlenkamp, Jeff Muhlenkamp's, Muhlenkamp, you've, Sona Menon, Cambridge Associates Sona Menon, Bryant VanCronkhite, Allspring Bryant VanCronkhite Allspring Bryant VanCronkhite, VanCronkhite, Russell, industrials, James Davolos, Davolos, George Patton, Harley Bassman, Harley Bassman's, Bassman, Merrill Lynch, I'm Organizations: Service, American Express, Business, Research, Bloomberg, Getty, Bridgewater Associates, Treasury, Securities, Muhlenkamp, Baidu, Google, North, Cambridge Associates, Allspring, Horizon Kinetics, Opportunities Fund, Credit Suisse Locations: industrials, West Africa, New York City, Guinea

☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ NICE's CEO says AI is 'the ultimate alchemist' that can transform customer-experience solutions
▼ + stars: | 2024-05-30 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

The software company NICE launched Enlighten AI to improve customer service and clients' efficiency. Eilam said Enlighten AI "dramatically improves" productivity and efficiency for customer-experience teams by automating many labor-intensive tasks, such as note-taking during customer-service calls. Enlighten Autopilot, one of the products within NICE's Enlighten AI for CX repository, enhances self-service with an AI-powered virtual assistant. Many existing customers are adding Enlighten AI to their portfolios, and NICE is attracting new customers with its AI capabilities. The organization implemented Enlighten AI to monitor 100% of its customer interactions and gather insights about the behaviors influencing customer sentiment.

Persons: —, We've, Barak Eilam, Eilam, Copilot, What's Organizations: NICE, Service, Neptune Intelligence Computer Engineering, Business, Republic Services, Open Network Exchange, ONE, BI Locations: Hoboken , New Jersey

☆ I left my career in Big Tech and $300,000 a year to work for myself. I no longer have anxiety and am so much happier.
▼ + stars: | 2024-05-29 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

I always wanted to work in Big Tech, and when I graduated from college, I made it happen. Working in Big Tech has lots of perksI loved learning how each of these big companies operated. Related storiesI realized I was just making big companies more money. The people around me would only talk about other tech companies and tech advancements and only hang out with other tech workers. Since leaving Big Tech, I feel like a new personI'm so much happier now.

Persons: —, Jean Kang, who's, It's, Pinterest, overdeliver, I'm, I'd, hustles, I've, would've Organizations: Service, Meta, Intuit, LinkedIn, Big Tech, Business, Big Locations: San Francisco, Big, Big Tech, Japan, Korea

☆ I quit my Big Tech dream job to work for myself. I loved the perks and the 6-figure salary, but the hustle culture wasn't worth it.
▼ + stars: | 2024-05-29 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

☆ Some full-time influencers are diving back into the corporate world, citing a lack of structure, loneliness, and financial instability
▼ + stars: | 2024-05-29 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

Persons: —, influencer Mariam Salam, Adesh, hasn't, they've, Anushka Purohit, Purohit, Mitchie Nguyen, Instagram, Nguyen, she's, Salam, she'll Organizations: Service, Business, Salam, Google, Staples, RBC Locations: Canada, monetizing, Hong Kong, York, TikTok

☆ Samsung Electronics' union threatens first ever walkout next week
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +4 min

A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures. Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union." Responding to Wednesday's proposed strike, a coalition of five unions at Samsung affiliates including another Samsung Electronics union questioned the intention behind the strike plan, indicating they would not join the move. Shares of Samsung Electronics closed down 3.1% on Wednesday, compared with the benchmark KOSPI's 1.7% fall.

Persons: Son Woo, mok, NSEU, Wednesday's, Jay Y, Lee Organizations: Samsung, Samsung Electronics, National Samsung Electronics Union, South, Workers Locations: Seoul, South Korea, Hwaseong

☆ An intensifying Republican-led legal campaign alleging big advertisers colluded to defund conservative media is rankling the ad industry
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Judiciary Committee's probe has sought documents related to discussions about advertising on "The Joe Rogan Experience" podcast. GARM and its members developed a "brand safety floor and suitability framework" for the industry to adopt. Jordan and the House Judiciary Committee issued wide-ranging subpoenas to both GARM and the WFA last year as part of the probe. The CEOs were also told to preserve all existing and future records related to their companies' work with GARM. Advertisement"GARM's members and board members are senior advertisers," a marketing executive close to GARM said.

Persons: —, Jim Jordan, GARM, Sherman, Jordan, Ørsted, Joe Rogan, Elon, Vivian Zink, Ørsted didn't, Rob Rakowitz, Unilever —, Breitbart, Joe Rogan's, Ben Shapiro, Michael Brochstein, Jim Jordan's, Lou Paskalis, Ad Fontes Media's Paskalis, Paskalis Organizations: Service, Global Alliance, Responsible Media, Business, Spotify, Syfy, NBCU, Getty, World Federation, YouTube, WFA, Diageo, GroupM, Procter, Gamble, Unilever, Steer Team, Fox News, Daily, Republican, Federalist, US Department of State, Ad Fontes Media Locations: Ohio, GARM, Jordan, Texas

☆ This signal could be good news for the stock market
▼ + stars: | 2024-05-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Some analysts think that means good news for stocks in the second half of the year. While [gross domestic product] and the labor market seem to be slowing, earnings are accelerating,” wrote the Bank of America analysts. That means an improving manufacturing cycle but slowing services can lead to a divergence between market performance and economic performance. “We’ve witnessed records repeatedly break in both stock and housing markets over the past year.”In addition to unrelentingly high home prices, the housing market is also grappling with a chronic lack of homes on the market and elevated mortgage rates. Put together, it has resulted in a tough housing market, especially first-time buyers.

Persons: Dow, PMIs, ”, Brian Luke, “ We’ve, Read, Apple’s Siri, Siri, Samantha Murphy Kelly, Tim Cook, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Institute for Supply Management, PMI, Bank of America, Dell, Marvell, Costco, Dow Jones, Developers Conference, Google, Samsung, ” Apple Locations: New York, San Diego , New York, Cleveland, Los Angeles

☆ A US official says an 'unacceptably high' number of US weapons components have landed in Russian hands
▼ + stars: | 2024-05-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

US firms need to be vigilant with their exports, says Deputy National Security Advisor Daleep Singh. Singh said an "unacceptably high" number of US components have been found in Russia's weapons. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn "unacceptably high" number of US arms components are landing in Russian hands, a US official said on Tuesday. "The percentage of Russian battlefield weaponry with US or allied branded components is alarmingly and unacceptably high," said Daleep Singh, US deputy national security advisor for international economics.

Persons: Daleep Singh, Singh, shouldn't, — Organizations: Service, Brookings Institution, US, Bloomberg, Business Locations: Washington

☆ Publishers and advertisers demand that Apple's Tim Cook stop the rollout of an anticipated 'web eraser' tool over fears it'll hobble web advertising
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The French group of trade associations fears that Apple's web eraser could represent another example of Big Tech implementing disruptive changes over which media and advertising companies have no control. Apple generates advertising and subscription revenue from its Apple News service, though it makes the majority of its ad revenue from search ads within the Apple App Store. A spokesperson for the NMA said the organization hadn't heard back from Apple since it sent the letter on May 10.

Persons: —, Tim Cook, Apple's Cook, Thierry Breton, Apple, NMA, hadn't Organizations: Service, Apple, Business, Safari, Alliance, SRI, Union des Marques, Big Tech, Google, Facebook, Publishers, Apple News, French Competition Authority, Europe's, UK's News Media Association, Daily Mail, Guardian Locations: France, Europe, Germany

☆ A software engineer worked at Tesla, SAP, and Salesforce. Here's how he negotiated his salary, including a $520,000 Meta offer.
▼ + stars: | 2024-05-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He was offered $150,000 a year for a base salary, restricted stock units, and an annual bonus. AdvertisementSalesforceHe moved to Salesforce, joining in a slightly more senior software role from his last role at SAP. His base salary was about $150,000, stocks would amount to $17,500 per year, and his annual bonus was $15,000. AdvertisementThe new role moved him from software engineer to senior software engineer. Business Insider has verified his offer letters, employment history, and Meta compensation.

Persons: —, Hemant Pandey, I've, Tesla Pandey, Tesla, Pandey, Salesforce, hadn't, there's, it's Organizations: Service, SAP, Meta, Business, Salesforce, LinkedIn, Menlo Locations: Salesforce

☆ Big Tech is cozying up to Argentina's firebrand president as it sets its sights on the country's 'white gold'
▼ + stars: | 2024-05-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Argentina's President Javier Milei is in the US to meet with leaders of the world's biggest tech companies. Tim Cook, Mark Zuckerberg, Sundar Pichai, and Elon Musk have all agreed to meet with him, his spokesman said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Milei's schedule includes private meetings with three of tech's biggest names: Google CEO Sundar Pichai, Apple boss Tim Cook, and Meta founder Mark Zuckerberg.

Persons: Javier Milei, Tim Cook, Mark Zuckerberg, Sundar Pichai, Elon Musk, —, Joe Biden, he's Organizations: Service, Business Locations: West, Silicon Valley

☆ OpenAI’s Sam Altman vows to give away most of his wealth through the Giving Pledge
▼ + stars: | 2024-05-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —OpenAI CEO Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes. Bloomberg reports that Altman is worth at least $2 billion, with much of his wealth drawn from startup investments, including a sizable investment in Reddit. The pledge isn’t a legally binding contract, but more of a moral commitment. She recently resigned from the Bill & Melinda Gates Foundation earlier this month following her divorce from Bill. As part of her divorce agreement, she received $12.5 billion from the Gates Foundation for her work upon her resignation.

Persons: Sam Altman, Altman, Oliver Mulherin, Warren Buffett, Melinda French Gates, Gates, Melinda Gates, Bill Organizations: New, New York CNN, Bloomberg, Melinda Gates Foundation, Gates Foundation Locations: New York, Reddit, OpenAI

☆ Investors have made these 9 AI plays their core holdings, Bank of America data shows
▼ + stars: | 2024-05-28 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bank of America found that nine of 10 stocks on its list are tied to the AI boom. Buying AI," Bank of America strategists led by Savita Subramanian said in a note. "AI stocks are now core holdings." Meta Platforms , Uber Technologies , Netflix and ServiceNow also experienced a rise in popularity among active fund managers, according to Bank of America. The Wall Street firm said the change in fund managers' ownership has been positively correlated with the number of "AI" mentions on earnings calls.

Persons: Eli Lilly, Savita Subramanian, ServiceNow Organizations: Bank of, Bank of America, Broadcom, Arista Networks, Applied Materials, Nvidia, Microsoft, Uber Technologies, Netflix Locations: U.S

☆ Nvidia stock has 258% upside as its 'impenetrable moat' will propel it to a $10 trillion valuation by 2030, tech analyst says
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

That's according to I/O Fund tech analyst Beth Kindig, who said Nvidia has a massive moat around its business. Kindig said the next leg of growth for Nvidia will come from its CUDA software platform. AdvertisementNvidia stock will surge 258% from current levels and hit a $10 trillion market valuation by 2030, according to I/O Fund tech analyst Beth Kindig. This is very, very early for Nvidia," Kindig told CNBC on Tuesday. "The CUDA software platform is what developers learn on.

Persons: Beth Kindig, Kindig, —, Nvidia's, Blackwell, Kindig's, They're Organizations: Nvidia, Blackwell, Fund, Service, CNBC, AMD, Intel, Amazon

☆ How to run an efficient meeting, according to tech billionaires who took them very seriously
▼ + stars: | 2024-05-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

"I like a crisp document and a messy meeting," Bezos said in a conversation with podcaster Lex Fridman in December. Microsoft had just bought the company Williams worked at. Gates "was always curious, always wanted to understand, always drilling for more detail," Williams wrote for BI in 2023. AdvertisementAfter Jobs died in 2011, Segall wrote a book about Apple's work culture, "Insanely Simple." "He stopped cold," Segall wrote.

Persons: —, Mark Cuban, Jeff Bezos, Cooper Neill, Bezos, Lex Fridman, Bill Gates, Sean Gallup, Chris Williams, Gates, Williams, he'd, Steve Jobs, Justin Sullivan, Ken Segall, Jobs, Segall, Lorrie, Eric Schmidt, Antoine Antoniol, Schmidt, Jonathan Rosenberg, Rosenberg Organizations: Service, Business, Getty, Microsoft, Intel, BI, Getty Former, Google

☆ Inside Amazon's struggle to crack Nvidia's AI chip dominance
▼ + stars: | 2024-05-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

The in-house AI chip efforts have yet to make a major dent in Nvidia's grip on the market. 'Parity with CUDA'Internally at Amazon, Nvidia's CUDA platform is repeatedly cited as the biggest roadblock for the AI chip initiative. AdvertisementAn obvious response to this would be to have cloud customers use Amazon's own AI chips instead. AdvertisementFor example, AWS's AI chips still have "compatibility gaps" in certain open-source frameworks, making Nvidia GPUs a more popular option. Don't count Amazon outDespite Amazon's AI chip struggles, the effort seems to have caught the attention of Nvidia's CEO Jensen Huang.

Persons: —, Bernstein, Stacy Rasgon, I'm, Rasgon, Adam Selipsky, Jensen Huang, Andy Jassy, Inferentia, Trainium, We're, Snowflake's, Sridhar Ramaswamy, Eóin Noonan, Ramaswamy, James Hamilton, Jassy, Gartner, Amazon's, Huang Organizations: Service, Microsoft, Google, Business, Nvidia, Intel, Amazon, BI, Annapurna, NVIDIA CUDA, Netflix, Neuron, AWS, Amazon VP, James Hamilton Amazon, Amazon SVP Locations: Inferentia, Toronto, Canada, CUDA

☆ Inside Amazon's struggle to crack Nvidia's AI-chip dominance
▼ + stars: | 2024-05-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +15 min

"I'm not aware of anyone using AWS chips in any sort of large volumes," Rasgon told Business Insider, referring to Amazon's AI chips. This time, the idea is to avoid paying for expensive Nvidia GPUs, while still providing cloud customers with powerful AI services. An obvious response to this would be to have cloud customers use Amazon's AI chips instead. However, some of the largest AWS customers have not been willing to use these homegrown alternatives, the documents said. For example, AWS's AI chips still have "compatibility gaps" in certain open-source frameworks, making Nvidia GPUs a more popular option.

Persons: —, Stacy Rasgon, Bernstein, I'm, Rasgon, Adam Selipsky, Jensen Huang, Andy Jassy, Inferentia, Trainium, Omdia, Snowflake's, Sridhar Ramaswamy, Eóin Noonan, CUDA, Ramaswamy, James Hamilton, Jassy, Gartner, Huang Organizations: Service, Microsoft, Google, Business, Services, Nvidia, Intel, Amazon, NVIDIA CUDA, Netflix, Neuron, AWS, NVIDIA, Amazon VP, James Hamilton Amazon, BI Locations: CUDA, Toronto

☆ Former OpenAI board members say the company can't be trusted to govern itself
▼ + stars: | 2024-05-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewTwo former OpenAI board members say artificial intelligence companies can't be trusted to govern themselves and that third-party regulation is necessary to hold them accountable. Helen Toner and Tasha McCauley were board members at OpenAI before they stepped down in November amid a chaotic push to oust OpenAI cofounder Sam Altman. AdvertisementWith Altman back at the helm, Toner and McCauley wrote that OpenAI can't be trusted to hold itself accountable. Related storiesThe former board members wrote that they once believed that OpenAI could govern itself, but "based on our experience, we believe that self-governance cannot reliably withstand the pressure of profit incentives." AdvertisementThe board's 22 members include Altman and chief executives of large tech companies, including Nvidia CEO Jensen Huang and Alphabet CEO Sundar Pichai.

Persons: —, Helen Toner, Tasha McCauley, OpenAI, Sam Altman, Altman, Scarlett Johansson, Chat, Toner, McCauley, — bode, Jensen Huang, Sundar Pichai, ethicists, Margaret Mitchell Organizations: Service, Business, Department of Homeland Security, Artificial Intelligence, Security Board, Nvidia, Ars Technica Locations: OpenAI

☆ A tech company that posted a 'whites only' job ad was ordered to pay $7.5K and give staff better training
▼ + stars: | 2024-05-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The DOJ secured the agreements with Arthur Grand Technologies Inc., an information technology services firm, earlier this month. The job ad said it was after "only US-born citizens [white] who are local within 60 miles from Dallas, TX." Arthur Grand apologized and said that an employee added discriminatory language to the listing and published it without authorization. AdvertisementAs part of its settlement with the Justice Department, Arthur Grand will pay the US Treasury a civil penalty of $7,500 and implement comprehensive training for its staff on INA compliance. Last month, Business Insider reported on a study that showed CVs with Black-sounding names are less likely to get callbacks.

Persons: —, Arthur Grand, Kristen Clarke, Michele Hodge, OpenAI, Arthur Grand didn't Organizations: Service, US Department of Justice, DOJ, Arthur Grand Technologies Inc, Immigration, Business, Department, Department of Labor's, LinkedIn, Justice Department, Labor, Justice Department's Civil, Division, US Treasury, INA, Labor Department, Bloomberg Locations: Virginia, Dallas , TX

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