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☆ The low-end consumer 'is really being stretched,' says Five Below CEO
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"The lower-end customer is really being stretched," Anderson said on an earnings call with analysts Wednesday. "We've got to deliver value, and we've got to really display that in how we go to market, and when you walk in the store, what you see. This, he said, indicates that when consumers see the value of products, the more they have to "stretch their dollar." Though there has been some indication that aspects of the U.S. economy are improving, consumer sentiment has been lagging. In fact, consumer sentiment dropped more than 10% in May, according to the University of Michigan Survey of Consumers.

Persons: Joel Anderson, underperformance, Anderson, We've, we've, — Organizations: Revenue, Consumers, University of Michigan Survey Locations: U.S

☆ EV slump, Hertz fire sale take used Teslas to 'no haggle' $25,000 price
▼ + stars: | 2024-06-06 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Also, some used EVs are eligible for up to $4,000 in federal tax credits , and several states offer tax credits or rebates. Although as with buying any used car — from manufacturers and independent dealers, online marketplaces or private owners — there are pros and cons. The Hertz Car Sales website "Shop EVs" button recently listed 1,475 of the 1,638 used EVs listed as "Hertz Certified." A March study by automotive research firm iSeeCars found that the average used car price was down 3.6% from last year, though used EV prices had plummeted 31.8%, equating to $14,418 in value. A follow-up question — "Can you tell me about 2022 Tesla Model 3s being sold by Hertz Car Sales?"

Persons: Hertz, —, iSeeCars, Elon, Karl Brauer, Brauer, Yossi Levi, Guy, Tesla, Carvana, Edmunds, ChatGPT, Hertz's, Matt Quinn, CarGurus, Eugene Park Organizations: Hertz, EV, Hertz Global Holdings, U.S, Bolts, Car, Hertz Tesla, Tesla, ChatGPT, Hertz Car Locations: U.S, Massachusetts, Colorado, Edmunds, CarGurus

☆ A mysterious Jupiter-sized planet that shouldn't exist is as puffy as a marshmallow and astronomers finally think they know why
▼ + stars: | 2024-06-06 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +10 min

WASP 107b: The exoplanet that shouldn't existAn artist's impression of WASP 107b passing in front of its host star. But models suggested that WASP 107b's core would be too small to have formed a gas giant. Scientific models didn't align with observationsHubble images of WASP 107b didn't solve the mystery of its large size and low density. Venom82Why it took astronomers years to understand WASP 107b's mysterious origins stems from what many astronomers face: a lack of information due to technological limits. But WASP 107b's surface temperature was cold enough that it should have had more methane than what JWST observed.

Persons: —, they've, it's, David Sing, NASA's, Luis Welbanks, Sagan, James Webb, Welbanks —, Sing, Welbanks, Ralf Crawford, we're, Scott Gaudi, Gaudi, Olmsted, Russo Organizations: Service, Business, ESA, Hubble, NASA, Kornmesser, Bloomberg, Johns Hopkins University, WASP, NASA's Goddard Space Flight, ESO, Arizona State University, Telescope, Sing, WASP 107b's, CSA, JHU, Ohio State University

☆ Apple's big summer event is coming up. Here's what the iPhone company is expected to announce.
▼ + stars: | 2024-06-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Apple is gearing up to deliver big announcements at WWDC on June 10. 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 . AdvertisementApple's highly anticipated Worldwide Developers Conference kicks off Monday, and the tech community is buzzing with expectations and predictions of big announcements. This story is available exclusively to Business Insider subscribers.

Persons: —, they've, WWDC, Mark Gurman Organizations: Apple, Service, Business

☆ Another European country is flying fighter jets off highways like NATO has been doing to protect its warplanes
▼ + stars: | 2024-06-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

It marked the first time since 1991 that the Swiss air force has operated from a highway. During the Cold War, aircraft in Europe trained to operate from non-traditional airstrips and improvised runways to reduce vulnerability. To reduce their vulnerability to long-range strikes, the air force is focusing on disaggregating and using improvised runways to conduct operations. The fighter aircraft were quickly refueled while their engines were running — a tactic known as hot-pit refueling — before they took off again. Not only for the Norwegian Air Force, but also for the Nordic countries, and for NATO," Chief of the Royal Norwegian Air Force Maj. Gen. Rolf Folland said in a press statement at the time.

Persons: —, Russia's, Rolf Folland, They've Organizations: Service, NATO, Business, Swiss, Swiss Army, Norwegian Air Force, Nordic, Royal Norwegian Air Force, Royal Auxiliary Air Force, Commando Locations: Ukraine, Swiss, Europe, Switzerland, Norway, Finnish, Finland, Michigan, Wyoming, Texas

☆ Sam Altman's OpenAI is paying publishers big money for content. That could be a lifeline — or blow up in their faces.
▼ + stars: | 2024-06-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

You've heard this one before: A big tech company is offering a lifeline to distressed media companies. That's the argument against a slew of deals publishers have been making with Sam Altman's OpenAI over the past few months. But the OpenAI deals, the publishers emphasize, are straightforward licensing deals for stuff they're already making. AdvertisementWhich means — they say — at the end of these deals, publishers won't have to regret investing in another defunct Big Tech project. But the thing I'm most worried about as someone who makes words for a living isn't a replay of the old Facebook/Apple/Google deals publishers now regret.

Persons: You've, It's, Sam Altman's OpenAI, Axel Springer, Rupert, Barry Diller's Dotdash Meredith, Laurene Powell, haven't, OpenAI, it's, Jessica Lessin, Lucy, Charlie Brown, —, Let's, Bob Iger, ChatGPT, that's Organizations: Service, Vox Media, Rupert Murdoch's News Corp, Laurene Powell Jobs, Atlantic Media, Apple, Google, Facebook, The New York Times, Big Tech, New York Times, Microsoft, Netflix, ABC, Disney

☆ The tattoo industry is facing a reckoning, with customers fed up with bad artists, overpricing, and sexism
▼ + stars: | 2024-06-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Jason John Miles, a tattoo artist and content creator, said the industry is in a "bad state." According to data from Fortune Business Insights, the tattoo industry is expected to reach $3.92 billion by 2030. "Consumers are less likely to put up with bullshit from tattoo artists and tattoo shops," Dominique said. There are tons of good male tattoo artists, she said, and there is still a market for them. Despite the current challenges, artists who spoke with BI said they were hopeful about the tattoo industry.

Persons: —, Jason John Miles, Jason Barry Hua, Hua, Allan Buhl, we've, Buhl, they've, Dominique, They're, Statista, Gen Zers, There's, Courtney Monteith, overcharged, they're, Elaine, Kee Kee James, Mikhaila Friel Organizations: Service, Business, Pew Research Center, Fortune Business, birmingham, BI Locations: New York, United States, Florida

☆ This AI skill pays over $100,000 a year and is in 'crazy demand,' says IBM exec—it's one 'you can use almost anywhere'
▼ + stars: | 2024-06-05 | by ( Morgan Smith | ) www.cnbc.com time to read: 1 min

Bosses want to hire people with AI aptitude, but many employees aren't focused on the new technology. Yet over two-thirds of desk workers say they've never used AI, according to a March 2024 Slack Workforce Lab survey of more than 10,000 professionals. People who don't learn AI risk losing career opportunities to those who do, says Lydia Logan, IBM's vice president of global education and workforce development. Generative AI is expected to affect more than 300 million jobs worldwide, per Goldman Sachs's estimates. The one AI skill that's in "crazy demand," according to Logan, and that she encourages everyone to learn, is prompt engineering.

Persons: aren't, Lydia Logan, Goldman Organizations: — Locations: Logan

☆ Private equity investment in NFL teams is coming, Washington Commanders owner Josh Harris says
▼ + stars: | 2024-06-05 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

"I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." While U.S. pro sports leagues had prohibited private equity investors previously, they've largely softened their stances in recent years, aside from letting any firm be a controlling owner of a team. "We've got a lot of interest in the private equity space," NFL Commissioner Roger Goodell said at the league's spring meeting in May. "We are making real progress on potential private equity. Ross Sorkin asked Harris if allowing private equity investors into sports would have any negative impacts on the teams or the league's overarching strategy as those investors look toward an exit.

Persons: Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, Jeff Bezos, Dan Snyder, Apollo Global Management —, Josh Harris, David Tepper, Rob Walton, Mat Ishbia, Joe Tsai, Steve Cohen, We've, Roger Goodell, Goodell, Ross Sorkin, Stanley Kroenke, I've, Kroenke Organizations: NFL, CNBC, Summit, Washington , D.C, Blackstone Group, 76ers, Devils, Amazon, NBA's Philadelphia 76ers, New Jersey Devils, Premier, Apollo Global Management, Washington Commanders, Carolina Panthers, Walmart, Denver Broncos, United Wholesale Mortgage, Phoenix Suns, Brooklyn Nets, New York Mets, MLB, Guggenheim Baseball Management, Los Angeles Dodgers, U.S, PE, NBA, Los Angeles Rams Locations: Washington ,

☆ Food experts say these restaurant trends are dominating dining out — from mashups like birria ramen to ever-spicier dishes and the rise of 'swicy'
▼ + stars: | 2024-06-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Mashups involve combining two or more dishes — sometimes a mixture of sweet and savory or a fusion of cuisines. They can provide a twist on a classic and sometimes generate social media buzz. And they've been appearing more and more frequently on restaurant menus. Birria — a Mexican beef stew — has been served in the form of quesadillas, poutine, pasta, tacos, and ramen, including at sit-down restaurants as well as at taco chain Del Taco. In a report from November, the National Restaurant Association called birria a "social media darling" and said diners should expect to see it on menus in creative applications.

Persons: they're smartly, Nancy Kruse, they've, —, IHOP, Think, Mashups, Lizzy Freier Organizations: taco, National Restaurant Association Locations: Mexican

☆ These 38 GOP senators just voted against protecting contraception. Here's why.
▼ + stars: | 2024-06-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewThe Senate failed on Wednesday to advance a bill designed to protect access to contraceptives nationwide. Just two Republican senators — Susan Collins of Maine and Lisa Murkowski of Alaska — voted with Democrats to advance the bill. Advertisement"Do people really think that even a significant minority of the Republican conference is against access to contraception?" AdvertisementBut still — if Republicans aren't against contraception, why won't they just vote for the bill? Glenn Youngkin of Virginia vetoed a bill to protect access to contraception, arguing that it violated principles of religious freedom.

Persons: —, — Susan Collins of, Lisa Murkowski, Alaska —, Chuck Schumer, Republican Sen, Thom Tillis, — Schumer, it's, Tillis, Griswold, Roe, Wade, Clarence Thomas, They've, James Lankford, Lankford, Sen, Rick Scott of, Glenn Youngkin, John Barrasso of, John Barrasso of Wyoming Marsha Blackburn of Tennessee John Boozman, Arkansas Ted Budd of, Carolina Shelley Moore Capito, West Virginia Bill Cassidy, Louisiana John Cornyn, Texas Tom Cotton, Arkansas Kevin Cramer of, Arkansas Kevin Cramer of North Dakota Mike Crapo, Idaho Ted Cruz of, Idaho Ted Cruz of Texas Steve Daines, Montana Joni Ernst, Iowa Deb Fischer, Nebraska Chuck Grassley, Josh Hawley, Missouri John Hoeven of, Missouri John Hoeven of North Dakota Cindy Hyde, Smith, Mississippi Ron Johnson, Wisconsin James Lankford, Oklahoma Mike Lee, Utah Cynthia Lummis, Wyoming Roger Marshall of Kansas Mitch McConnell, Kentucky Markwayne Mullin, Oklahoma Rand Paul of Kentucky Pete Ricketts, Nebraska Jim Risch, Idaho Mike Rounds, South Dakota Marco Rubio, Eric Schmitt, Missouri Rick Scott, Florida Tim Scott of, Florida Tim Scott of South Carolina John Thune of, Florida Tim Scott of South Carolina John Thune of South Dakota Thoms Tillis, North Carolina Tommy Tuberville, Alabama Roger Wicker, Mississippi Todd Young, Mike Braun, Indiana Katie Britt, Alabama Lindsey Graham of, Alabama Lindsey Graham of South Carolina Bill Hagerty, Tennessee John Kennedy, Louisiana Jerry Moran of, Louisiana Jerry Moran of Kansas Mitt Romney, Utah Dan Sullivan, Alaska JD Vance, Ted Budd Organizations: Service, Nine Republicans, Democratic, Republican, Business, Republicans, GOP, Oklahoma Republican, Democrats, Republican Gov, Arkansas Kevin Cramer of North, Nebraska, Kentucky, Oklahoma, South, Florida Tim Scott of South Carolina John Thune of South Dakota, North, Alabama Lindsey Graham of South Locations: — Susan Collins of Maine, Alaska, North Carolina, . Connecticut, James Lankford of Oklahoma, Oklahoma, Rick Scott of Florida, Virginia, John Barrasso of Wyoming, Arkansas, West, Louisiana, Texas, Arkansas Kevin Cramer of North Dakota, Idaho, Idaho Ted Cruz of Texas, Montana, Missouri, Missouri John Hoeven of North Dakota, Mississippi, Wisconsin, Utah, Wyoming, Nebraska, South Dakota, Florida, Florida Tim Scott of South Carolina, Florida Tim Scott of South Carolina John Thune of South, Alabama, Indiana, Alabama Lindsey Graham of South Carolina, Tennessee, Louisiana Jerry Moran of Kansas, Ohio

☆ Walmart is giving US hourly workers new bonuses that increase the longer they've been at the company
▼ + stars: | 2024-06-05 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart just announced a new slate of pay and benefits perks for US hourly associates. Some 700,000 workers are eligible for a new bonus that increases with their years with the company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The retailer just announced a new slate of pay and benefits perks for US hourly associates, including a new bonus that increases with their years with the company. Around 700,000 part- and full-time workers are now eligible for annual bonuses that are tied to their store's performance, the Associated Press reported.

Persons: — Organizations: Walmart, Service, Associated Press, Business

☆ OpenAI is facing controversy. Again.
▼ + stars: | 2024-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the latest controversy to embroil OpenAI amid a difficult few months for the startup . Their takeaway was simple: OpenAI wants to have it both ways regarding how it's perceived about safety and commercialization. It's structured as a "capped-profit" company governed by a nonprofit, and Altman doesn't hold equity directly in OpenAI. The result, the VC told me, is people feel OpenAI is talking out of both sides of its mouth. It doesn't help that some OpenAI employees joined when that split was closer to 80/20 and favored safety over business, they added.

Persons: —, we've, OpenAI Justin Sullivan, Chelsea Jia Feng, Anthropic signees, Scarlett Johansson, Elon, Madeline Berg, Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Patrick McMullan, Jenny Chang, Rodriguez, Izzy Englander's, Griffin's, Marko Kolanovic, ANDREW CABALLERO, REYNOLDS, youngs, Mark Zuckerberg, Elon Musk, Keith Enright, Alyssa Powell, They've, Shopify, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, Business, Google, Millennium Management, Getty Images, Facebook, CNBC, BI, SpaceX Locations: OpenAI, Patrick, It's, Tesla, New York, London

☆ Celibacy is in — just ask Lenny Kravitz, Julia Fox, and Gen Z
▼ + stars: | 2024-06-05 | by ( Serafina Kenny | Kim Schewitz | ) www.businessinsider.com time to read: +6 min

Read previewCharlie Michael Baker used to be "majorly sexually active," but at age 17 he's decided he's not having any more sex. Charlie Michael Baker has decided to abstain from sex. But for others, not having sex is a more conscious choice. Similarly, Gen Z women in the US are swearing off sex because men they've dated have treated them badly, BI's Jordan Parker Erb reported last year. For Baker, celibacy makes him feel more comfortable with himself because he no longer feels the need to "keep a man happy," and avoids getting hurt by people who give him "false hope."

Persons: —, Charlie Michael Baker, he's, Baker, Julia Fox, Lenny Kravitz, Suki Waterhouse, Justin Bieber, Disney starlets, Zers, Roe, Wade, Zach Sang, Gen, they've, BI's Jordan Parker Erb, Bumble, hasn't, father's, Sandra Wheatley, Wheatley Organizations: Service, Business, Guttmacher Institute, Guardian, British Psychological Society Locations: Korean, Korea

☆ A San Francisco Gen Xer quit his job to escape 60-hour workweeks and spend his time being an 'older dad': 'I'll be 70 when my son graduates from high school'
▼ + stars: | 2024-06-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.

Persons: —, Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco

☆ Hedge fund manager Eric Jackson says Nvidia is still cheap, likes this other AI beneficiary
▼ + stars: | 2024-06-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia is still inexpensive even as it rose to a new record on Wednesday because of the rapid pace of its earnings growth, according to EMG Capital's Eric Jackson. Last month, Nvidia topped Wall Street expectations for the fiscal first quarter and issued strong guidance for the current quarter. While Nvidia is a leader for Jackson, there's also another stock in the AI space that's on his radar. Last week, Dell shares tumbled 18% after the company reported a decline in margins and missed expectations with its AI server backlog. But Jackson believes its incremental AI server revenues of $1.7 billion from its previous quarter has positioned the company to show better margins as the year goes on.

Persons: Eric Jackson, CNBC's, Jackson, Dell, there's Organizations: Nvidia, Bank of America, Dell

☆ 'Dancing for the Devil' TikToker Miranda Derrick says she wasn't 'brainwashed' by a dance cult: 'I am not a victim'
▼ + stars: | 2024-06-05 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 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. Read previewTikTok star Miranda Derrick has broken her silence about a documentary that alleges she is in a cult. Netflix's "Dancing for the Devil: The 7M TikTok Cult" looks at a controversial Christian pastor, Robert Shinn, and the Shekinah Church, a small nondenominational Christian ministry he founded. Advertisement"This documentary has created a further challenge between us as I work to overcome this public attack," Derrick explained.

Persons: —, Miranda Derrick, Robert Shinn, Shinn, Derrick, Melanie Wilking, Wilking, Dancer Miranda Derrick, neve, aske, ela, Bea Organizations: Service, 7M, Business, YouTube, Shekinah Church, Shinn's, 7M Films, acc Locations: Los Angeles, 7M,

☆ Current and former OpenAI employees warn of AI's 'serious risks' and lack of oversight
▼ + stars: | 2024-06-04 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

A group of current and former OpenAI employees published an open letter Tuesday describing concerns about the artificial intelligence industry's rapid advancement despite a lack of oversight and an absence of whistleblower protections for those who wish to speak up. "AI companies have strong financial incentives to avoid effective oversight, and we do not believe bespoke structures of corporate governance are sufficient to change this," the employees wrote. The letter also details the current and former employees' concerns about insufficient whistleblower protections for the AI industry, saying that without effective government oversight, employees are in a relatively unique position to hold companies accountable. "Ordinary whistleblower protections are insufficient because they focus on illegal activity, whereas many of the risks we are concerned about are not yet regulated." Four anonymous OpenAI employees and seven former ones, including Daniel Kokotajlo, Jacob Hilton, William Saunders, Carroll Wainwright and Daniel Ziegler, signed the letter.

Persons: OpenAI, they've, Daniel Kokotajlo, Jacob Hilton, William Saunders, Carroll Wainwright, Daniel Ziegler, Ramana Kumar, Neel Nanda, Geoffrey Hinton, Yoshua Bengio, Stuart Russell Organizations: Google, Microsoft, Meta, CNBC, Security Locations: Anthropic

☆ These restaurants are taking the lead on AI and robots. What it means for their stocks
▼ + stars: | 2024-06-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +11 min

Restaurants have traditionally lagged behind other sectors in their adoption of technology, but rising labor costs have changed the narrative. Major food industry players are making strides to invest in innovation, including AI and robotics. While it is still early days, analysts have already identified some companies that are taking the lead. YUM YTD mountain Yum Brands shares year to date Robots peeling avocados, mixing salads The use of robotics in restaurants is at its nascence. Chipotle, Sweetgreen and Cava partially have an advantage due to the nature of their products, which offer customers a bowl of mixed ingredients as an end order.

Persons: Bernstein, Danilo Gargiulo, Gargiulo, Morgan Stanley, Brian Harbour, Payne Capital Management Courtney Garcia, Rahul Krotthapalli, They've, Courtney Garcia, Garcia, Payne, Piper Sandler, Chipotle Organizations: Wall, CNBC, Google, Payne Capital Management, Starbucks, JPMorgan, Yum Brands, KFC, Taco Bell, Systems, Collider Lab Locations: Cava, Chipotle, Sweetgreen

☆ Talent sourcing has never been easier with this AI-powered recruitment product. Here's how it works.
▼ + stars: | 2024-06-04 | by ( Sponsor Post | ) www.businessinsider.com time to read: +9 min

Building on the Indeed Resume product, which allows recruiters to search the 295 million resumes on Indeed, Smart Sourcing adds the efficiency of AI to your talent sourcing. Rather than manually filtering through talent, Smart Sourcing's algorithms match active candidates to your open roles. As you accept or reject candidates, the Smart Sourcing AI will learn what you prefer over time. "Smart Sourcing serves up appropriate candidates that tend to be more eager to respond and are active on Indeed. Getting started with Smart SourcingSmart Sourcing subscriptions are available starting today, and existing Indeed Resume subscriptions have transitioned to Smart Sourcing.

Persons: —, Smart, Donal McMahon, Harris, Smart Sourcing's, they've, you've, McMahon Organizations: Harris Poll, Smart, Universal Health Services, UHS, Employers, Insider Studios Locations: Puerto Rico, United States

☆ Here's where veteran dividend investor Nancy Tengler sees opportunity right now
▼ + stars: | 2024-06-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Dividend investing has always been a part of Nancy Tengler's career, which has spanned more than 40 years. She also looks at relative dividend yield, or the yield on the stock relative to its own history and the market, she explained. "It's really because of the power of the compounding of the dividend and the dividend growth." The tech giant authorized its first-ever dividend in April, so it does not have a history of dividend growth. "This is a name that's undervalued in many ways and they've kind of grown up as a company," Tengler said.

Persons: Nancy Tengler's, Tengler, Stephen Squeri, Z, Squeri, CNBC's Jim Cramer, Gen Zs, David Gitlin Organizations: Tengler Investments, Walmart, American Express, Carrier Global, Carrier

☆ A med student wanted to simplify his life, so he spent $33,000 turning a van into a tiny house. Take a look inside.
▼ + stars: | 2024-06-04 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Ethan Liebross went for a less common housing option: He lives full-time in a van — a 2015 Ford Transit that he turned into a mobile, off-grid home. Ethan LiebrossAlthough he grew up on a farm in New Jersey, he's no stranger to van life. AdvertisementDuring his gap year, he had lived out of another van while working as a freelance writer for local newspapers. "So I decided to convert a little camper van — a Ford Transit Connect — and I traveled around the US." "We worked together on the weekends or when he came home from work," Liebross said.

Persons: —, Ethan Liebross, he's, Liebross, he'd, who's, He's, I'd, I'm Organizations: Service, Ford Transit, Business, Ford Transit Connect, Facebook Locations: New Jersey, California

☆ Why this AI researcher thinks there's a 99.9% chance AI wipes us out
▼ + stars: | 2024-06-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

For example, a recent study conducted with 2,700 AI researchers indicated there's only a 5% chance that AI will lead to human extinction. The AI researcher teaches computer science at the University of Louisville and just came out with a book called "AI: Unexplainable, Unpredictable, Uncontrollable." Yampolskiy said he finds that unlikely since no AI model has been completely safe from people attempting to get the AI to do something it wasn't designed to do. AdvertisementGoogle AI Overviews, based on Google's Gemini AI model, is the latest product rollout that didn't stick the landing. The CEO of ChatGPT developer OpenAI, Sam Altman, has suggested a "regulatory sandbox" where people experiment with AI and regulate it based on what "went really wrong" and what went "really right."

Persons: —, Lex Fridman, Fridman, Roman Yampolskiy, Yampolskiy, they've, Biden, Sam Altman, Altman, there'll, ChatGPT, Elon Musk, Eric Schmidt, Schmidt Organizations: Service, Business, University of Louisville, Google Locations: Africa

☆ I accidentally bought a counterfeit backpack on Amazon. Now, I know how to avoid sneaky fake products.
▼ + stars: | 2024-06-04 | by ( Lisa Galek | ) www.businessinsider.com time to read: +4 min

Read previewWhile doing back-to-school shopping for my kids in August 2022, I purchased a black JanSport backpack on Amazon. Many Amazon sales come from third-party sellers, which can be hard to vetOver 60% of Amazon's sales come from independent third-party sellers. AdvertisementAn Amazon representative told Business Insider the company has "proactive measures in place to prevent counterfeit products from being listed and continuously monitor[s] our store." When I realized my JanSport was counterfeit, I contacted the seller through Amazon to request a refund. Lastly, buyers can also report counterfeit products to Amazon Customer Service.

Persons: —, I've, they've, Sellers Organizations: Service, Business, Amazon, Amazon Customer Service

☆ Apple's big summer event is one week away. Here's what the iPhone company is expected to announce.
▼ + stars: | 2024-06-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Apple is gearing up to deliver big announcements at WWDC on June 10. 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 . AdvertisementApple's highly anticipated Worldwide Developers Conference kicks off next week, and the tech community is buzzing with expectations and predictions of big announcements. This story is available exclusively to Business Insider subscribers.

Persons: —, they've, WWDC, Mark Gurman Organizations: Apple, Service, Business

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