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☆ How Google lost its way
▼ + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +17 min

Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.

Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, —, Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon, —

☆ Google hit with $2.3 billion lawsuit by Axel Springer, other media groups
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +2 min

The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany. Alphabet 's Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company's practices in digital advertising. "Without Google's abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad tech services. Crucially, these funds could have been reinvested into strengthening the European media landscape," the lawyers said. Others in the group include Austria's Krone, Belgian groups DPG Media and Mediahuis, Denmark's TV2 Danmark A/S, Finland's Sanoma, Poland's Agora, Spain's Prensa Iberica and Switzerland's Ringier.

Persons: Axel Springer, Schibsted, Stek, Big, Austria's, Finland's Organizations: Google, Geradin Partners, Publishers, DPG Media, Denmark's TV2, Spain's Prensa Locations: Berlin, Germany, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Hungary, Luxembourg, Netherlands, Norway, Poland, Spain, Sweden, Europe, Austria's Krone

☆ Stocks making the biggest moves midday: Bumble, Beyond Meat, eBay, Urban Outfitters and more
▼ + stars: | 2024-02-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. First Solar — Shares added more than 3% after the solar panel manufacturer reported a fourth-quarter earnings beat . Urban Outfitters — The clothing retailer plunged 15% after missing estimates for its fourth-quarter earnings and revenue. Axon Enterprise — The weapons manufacturer popped 14% after reporting a fourth-quarter earnings beat. Novavax — The vaccine maker slid 27% after Novavax missed Wall Street's estimates for its fourth-quarter revenue and earnings .

Persons: Bumble —, Bumble, FactSet, Lemonade, Viatris, LSEG, —, Novavax, Axel Springer, Schibsted, — CNBC's Brian Evans, Michelle Fox, Alexander Harring, Pia Singh, Samantha Subin Organizations: Advance, FactSet, eBay, Baidu, U.S . Securities, Exchange Commission, Attorney's, District of Massachusetts, Materials, Urban Outfitters, Boeing —, Federal Aviation Administration, Boeing, Alaska Airlines, Street, Justice Department Locations: U.S, China

☆ Alphabet's Gemini AI misstep is the latest reason Cramer is getting fed up with the stock
▼ + stars: | 2024-02-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Jim thinks Google has lost focus as it struggles to shake off the narrative that it's lagging in the AI race. With all these things lining up against Google, Jim has been becoming increasingly wary of the stock. Even though Alphabet stock keeps getting dinged for AI misses, Bernstein analysts "don't subscribe to the generative AI risk to Google Search" for now. At the Club, we believe Google's AI chatbot Gemini could be competitive in attracting users, but the advertising opportunity may not be the same. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Sundar Pichai, Pichai, Jim, Google, Bard, Gemini —, —, Axel Springer, they're, Bernstein, playbook, Meta, haven't, Jim Cramer's Organizations: Google, Apple, Microsoft, Nvidia, Tesla, The Club, Politico, U.S, Club, NFL, YouTube, National Football League, Management, Sunday, Meta, Walmart, CNBC, Future Publishing, Getty Locations: U.S

"Normal people do not use OpenAI's products in this way," OpenAI wrote in the filing. The news outlet's lawsuit, filed in December, seeks to hold Microsoft and OpenAI accountable for billions of dollars in damages. In the past, OpenAI has said it's "impossible" to train top AI models without copyrighted works. "We expect our ongoing negotiations with others to yield additional partnerships soon," OpenAI wrote in the filing. But in the filing, OpenAI says the content is vital to training today's AI models.

Persons: Sam Altman, OpenAI, Altman, Axel Springer, — CNBC's Ryan Browne Organizations: Economic, The New York Times, New York Times, Microsoft, House, Times, Bloomberg, CNN, Fox Corp, CNBC PRO Locations: Davos, Switzerland, Manhattan

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Netflix co-CEO says the app isn't on Apple's Vision Pro because it isn't worth their time yet
▼ + stars: | 2024-01-26 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Read previewNetflix co-CEO Greg Peters isn't sold on Apple's Vision Pro yet. "I would say we'll see where things go with Vision Pro." Peters said Netflix concluded that its main audience would not substantially "benefit" from a dedicated app on the Vision Pro. His comments speak to deeper concerns surrounding the Vision Pro, which is set to launch next Friday. AdvertisementPeters acknowledged that there is "always" the chance that the success of the Vision Pro could change Netflix's decision.

Persons: —, Greg Peters isn't, Peters, we're, it's, Ming, Chi Kuo, we've, Mathias Döpfner, Axel Springer Organizations: Service, Apple's, Business, Vision, Netflix, Apple, Meta

☆ Leaked German military documents laid out a doomsday scenario where Russia wins in Ukraine then invades Europe
▼ + stars: | 2024-01-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewLeaked German military documents describe a chilling scenario where Russia wins in Ukraine and then goes to war with NATO. The Baltic states and their neighbors. Google MapsThe end goal would be to move Russian troops into the Suwałki Gap, Bild reported, citing the documents. If occupied by Russia, it would cut the Baltic states off from other parts of Europe. Under the scenario obtained by Bild, NATO would fight Russia to prevent it from occupying the gap.

Persons: —, Axel Springer, Vladimir Putin, Putin, Joe Biden's, Jacek Siewiera Organizations: Service, Russia, NATO, Business, Bild, Germany's Defense Ministry, Google, Defense Ministry, Kremlin Locations: Ukraine, Russia, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Belarus, Kaliningrad, NATO's, Europe, US, Russian

☆ Thomson Reuters is exploring an AI deal as more tech giants court news publishers
▼ + stars: | 2024-01-15 | by ( Dan Whateley | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. The company's vast data sets could be particularly useful for companies like OpenAI, Microsoft, or Google that are building generative AI features. AdvertisementSome media companies, including Business Insider owner Axel Springer, have already signed licensing deals with AI providers. Apple is also in discussions with some news publishers to gain access to content to bolster its generative AI efforts, per a New York Times report.

Persons: —, Thomson, We've, Steve Hasker, Axel Springer, Axel Springer's, OpenAI Organizations: Service, Thomson Reuters, Bloomberg, Business, Reuters, Microsoft, Politico, New York Times

☆ Axel Springer Stands By Business Insider Reporting on Bill Ackman’s Wife
▼ + stars: | 2024-01-14 | by ( Alexandra Bruell | ) www.wsj.com time to read: 1 min

Neri Oxman is a designer and former MIT professor. Photo: Gary He for The Wall Street JournalBusiness Insider owner Axel Springer said it stands by the publication after reviewing the reporting process behind stories that alleged plagiarism by Neri Oxman, the designer and former Massachusetts Institute of Technology professor who is married to hedge fund billionaire Bill Ackman . The German media company said last week it would review the process and motivations behind the recent BI articles. The review came amid complaints from Ackman, in a series of posts on X, about the publication’s reporting tactics.

Persons: Neri Oxman, Gary He, Axel Springer, Bill Ackman Organizations: MIT, Wall Street Journal, Massachusetts Institute of Technology Locations: Ackman

☆ Neri Oxman plagiarism claims: Business Insider stands by reporting on Bill Ackman’s wife
▼ + stars: | 2024-01-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

In a note Sunday morning, Barbara Peng, chief executive of Business Insider, said the outlet had spent several days reviewing its reporting after public complaints made by Ackman. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. “We stand by our newsroom and our reporting, which will continue onward.”In the wake of the reporting, Oxman acknowledged she had failed to properly cite some of her work. A spokesperson for Axel Springer told CNN on Sunday that the German publishing powerhouse was satisfied with the review Business Insider had completed. “We stand by Business Insider and its newsroom,” the spokesperson said.

Persons: Axel Springer, Neri Oxman, Bill Ackman, Barbara Peng, Peng, ” Peng, Oxman, “, ”, Ackman, Claudine Gay, Axel Springer’s Organizations: CNN — Business, Massachusetts Institute of Technology, Business, ”, Oxman, Harvard, CNN

“We stand by Business Insider and its newsroom,” said a spokesman for Axel Springer, the German media company that owns the publication. With its stories, Business Insider raised both the idea of hypocrisy and the possibility that academic dishonesty is widespread, even among the nation's most prominent scholars. The business leader reached out in protest to board members at both Business Insider and Axel Springer. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. Business Insider would not say who conducted the review of its work.

Persons: Claudine Gay, ”, Axel Springer, Neri Oxman, Bill Ackman, Gay, Axel Springer's, ” Ackman, Ackman, “, Oxman, Barbara Peng, ” Peng, ” Harvard's, Nicholas Carlson, Carlson Organizations: MIT, Business, Harvard, Pershing, Oxman, The New York Times, Times, The Washington Post Locations: Israel

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Henry Kissinger, the revered and controversial statesman who once tried to return his Nobel Peace Prize, dead at 100
▼ + stars: | 2023-11-30 | by ( Associated Press | Sebastian Cahill | ) www.businessinsider.com time to read: +7 min

Henry Kissinger died at his Connecticut home. The controversial and polarizing statesman made choices in foreign policy that impact the US today. AdvertisementDr. Henry Kissinger, scholar and former US secretary of state, died at 100 at his home in Connecticut, Kissinger Associates, Inc. said in a statement Wednesday. Xi Jinping and Henry Kissinger Nicolas Asouri/ReutersKissinger was a practitioner of realpolitik — using diplomacy to achieve practical objectives rather than advance lofty ideals. Former US Secretary of State Henry Kissinger speaking in October 2023, in an interview about the Gaza attack on Israel.

Persons: Henry Kissinger, —, Kissinger, Nancy Kissinger, David, Elizabeth, John Duricka, John F, Kennedy, Lyndon B, Johnson, Golda Meir, PL, — Kissinger, Xi Jinping, Henry Kissinger Nicolas Asouri, Richard Nixon, Nixon, Axel Springer Organizations: Service, Kissinger Associates, Inc, Nazi, State, Paris Peace Accords, Reuters, Harvard, Getty, PL Gould, Senate Armed Services Committee, NPR, National Security Council, Khmer Rouge, ABC, CBS Locations: Connecticut, Nazi Germany, United States, Germany, America, Vietnam, China, Southeast Asia, Latin America, Paris, South Vietnam, Saigon, Israeli, New York City, Soviet Union, Chile, White, Cambodia, Khmer, Gaza, Israel

☆ How did Henry Kissinger live to 100? He had no idea.
▼ + stars: | 2023-11-30 | by ( Kieran Corcoran | Rachel Hosie | ) www.businessinsider.com time to read: +4 min

Henry Kissinger has died at the age of 100, but he had no idea how he lived so long. AdvertisementHenry Kissinger, the legendary statesman who helped shape modern geopolitics, is dead at 100. I didn't aim for it," Kissinger told Döpfner. But it gets worse — according to his family, Kissinger did many things that doctors will tell you not to. His son, David Kissinger, wrote about his father's lifestyle and longevity for The Washington Post earlier this year.

Persons: Henry Kissinger, —, Axel Springer, Mathias Döpfner, Kissinger, Döpfner, David Kissinger, Wiener, Eric Schmidt, Schmidt, Hilary Brueck, Dr, Angel Iscovich, centenarians, Dawn Skelton, Thomas Perls, it's Organizations: Service, Washington Post, Washington DC, Google, University of Glasgow, Glasgow Caledonian University, BU's Locations: China, Washington, UK, Scotland, England

☆ In his last TV interview, Kissinger said democracy is in 'great danger' from a declining middle class and growing inequality
▼ + stars: | 2023-11-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Henry Kissinger said democracy is in "great danger" due to growing income inequalities. AdvertisementHenry Kissinger said democracies in the West, including in the US, are in "great danger" because the middle class is disappearing due to widening income inequalities. However, now values of "compromise" and "understanding" are in "great danger in the West," he said. AdvertisementAccording to prominent economists , widening income inequalities are exacerbating the democratic deficit, with the influence of big money denting existing political systems. Because of these growing issues, democracy needs to "rebuild itself," Kissinger said, with this becoming a "key issue" in the US and the rest of the world.

Persons: Henry Kissinger, —, Mathias Döpfner, Axel Springer, Kissinger, Döpfner Organizations: West . Democracy, Service, Business, Global State, Democracy, International Institute for Democracy, Electoral Locations: West

☆ In his last major interview, Kissinger said Chairman Mao was the 'most dangerous' leader he met
▼ + stars: | 2023-11-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Henry Kissinger said Mao Zedong was the "most dangerous" leader he met during his political career. Kissinger played a pivotal role in easing tensions with China during the Nixon administration. AdvertisementHenry Kissinger said the "most dangerous" leader he met during his time in the Nixon administration was Chairman Mao Zedong, the leader of China. Richard Nixon (2nd from right) with Chinese Communist Party Chairman Mao Zedong (center), Premier Zhou Enlai (left) and Henry Kissinger (right). Kissinger met with China's current leader, Xi Jinping, in Beijing in July.

Persons: Henry Kissinger, Mao Zedong, Kissinger, Nixon, —, China, Mathias Döpfner, Axel Springer, — Kissinger, Mao, Richard Nixon, Zhou Enlai, Xi Jinping, Xi Organizations: Service, State, Business, Chinese Communist, Getty Locations: China, Beijing

☆ Some business leaders like Jeff Bezos hate the phrase 'work-life balance.' Here's what they prefer instead.
▼ + stars: | 2023-11-26 | by ( Haley Tenore | ) www.businessinsider.com time to read: +5 min

Over the years, CEOs and business leaders have shared their thoughts on the phrase "work-life balance." AdvertisementYou wouldn't think that the phrase "work-life balance" would be a controversial one. Here are some of the hottest takes on work-life balance, given by some of the top business executives in the US. Jeff Bezos says work and life should make a circle, not a "balance"Jeff Bezos has called the phrase "work-life balance" debilitating. TIAA CEO thinks the entire concept is a "lie"TIAA's CEO says work-life balance is a "lie."

Persons: Jeff Bezos, —, Clive Mason, Axel Springer, Bezos, it's, Elon Musk, Satya Nadella, Nadella, he's, Paras Griffin, Thasunda Brown Duckett, Alan Murray, Brown Duckett, Arianna Huffington, Andrew H, Walker, Huffington, Elon Musk Elon, STEFANI REYNOLDS, Musk, Walter Isaacson's Organizations: Service, Amazon, Business, Bloomberg, Press, Australian Financial, Getty, Oxford University, Elon, Getty Images, CNBC, YMCA, Tesla

An Abu Dhabi-backed investment fund said Monday it has paved the way to take ownership of Britain's Telegraph newspaper and The Spectator magazine after striking a deal with the publications' previous owners to repay debts owed by them. The Barclay family owned the right-leaning newspaper and magazine nefore they were put into receivership. Various media firms have been reported to be interested in taking over the publications, including German publisher Axel Springer and the Daily Mail's publisher. The fund said the deal includes an option to turn the loans into equity which would give it ownership control of the newspaper and magazine. Lenders for the Barclay family would need to agree to the deal, which is expected to attract a high level of political scrutiny.

Persons: Abu, Jeff Zucker, Media Investments —, Britain's Barclay, Barclay, Axel Springer Organizations: Britain's Telegraph, The Spectator, IMI, RedBird, CNN, Abu Dhabi's, Media Investments, Lloyds Bank, Ritz Hotel, Daily, International Media Investments Locations: Abu Dhabi, German

☆ Insider Co-Founder Henry Blodget Steps Down as CEO Amid Strategy Shift
▼ + stars: | 2023-11-14 | by ( Alexandra Bruell | ) www.wsj.com time to read: 1 min

Henry Blodget says he will serve as board chair of Insider, advise Axel Springer on its U.S. development and go back to doing journalism. Photo: mike blake/ReutersHenry Blodget, one of the early pioneers of digital media, is stepping down as chief executive of Insider, a publication he co-founded more than 15 years ago. The move comes as Insider, now a unit of German publishing giant Axel Springer, is changing its name back to Business Insider as part of an effort to focus on business and technology news instead of trying to be a generalist publication. The change, effective Tuesday, is happening less than three years after the publication had shortened its name to Insider.

Persons: Henry Blodget, Axel Springer, blake Organizations: Business

☆ Business Insider changes back to its former name as Henry Blodget leaves CEO role
▼ + stars: | 2023-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. In a statement, the company said she “played a pivotal role in skillfully steering Business Insider through the challenges of a pandemic and the sharp downturn in the advertising industry, while simultaneously fine-tuning Business Insider’s strategy.”Blodget, a former analyst who was charged with civil securities fraud in 2003 and barred from the securities industry, isn’t leaving Business Insider. The publication was originally named “Silicon Alley Insider” when it was launched in 2007, focusing on coverage of the New York business community, before changing its name to Business Insider two years later. A general news website called “Insider” was launched a year later. A return to Business Insider “reaffirms our center of gravity around business, tech, and innovation,” Peng wrote.

Persons: New York CNN — Henry Blodget, Barbara Peng, “, ”, Axel Springer, ” Peng, we’ve Organizations: New, New York CNN, “, Business Locations: New York

☆ Elon Musk says his mind is a 'storm' and people 'may think they'd want to be me but they don't know'
▼ + stars: | 2023-11-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Elon Musk doesn't think most people would really want to be him. Asked about challenges in his life, Musk said, "My mind is a storm. I don't think most people would want to be me. They may think they'd want to be me but they don't know, they don't understand." "There are times when I feel lonely," Musk said last year in an interview with Mathias Döpfner, the CEO of Insider's parent company, Axel Springer .

Persons: Elon, Lex Fridman's, —, Elon Musk, Musk, Walter Isaacson, Grimes, Fridman, Mathias Döpfner, Axel Springer Organizations: Service, Bloomberg, SpaceX, The Boring Company, Twitter

☆ BlackRock's next high-stakes bet: lending out cash
▼ + stars: | 2023-10-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

Goldstone was referring to a type of business-development company, an investment vehicle widely used in the private-credit market. The vehicle Condor allocated to is a slice of BlackRock's $81 billion private-credit business, which is part of the wider $317 billion alternative-assets platform. 'Size matters'In the summer, BlackRock executives teased out their focus on private credit and fixed income broadly during an investor-day presentation. BlackRock's string of private-credit developments adds up to a long-term bet that this dynamic will continue. "That, in essence, is the paradox of private credit."

Persons: David Goldstone, Goldstone, BDC, it's, hasn't, Rowe Price, Franklin Templeton, Blackstone, Axel Springer, Greg Greifeld, Greifeld, Tim Clarke, Rob Kapito, We've, Jim Keenan, BDCs, Keenan, Clarke, PitchBook, they're, Larry Fink, " Fink, Merrill Lynch, BlackRock, Jared Gross, J.P, Phil Tseng, BlackRock's, Gross, Morgan Organizations: Condor Capital Wealth Management, Condor, BlackRock, BlackRock doesn't, Federal Reserve, Fidelity, Apollo, KKR, Growth, BlackRock TCP Capital Corp, BlackRock Capital Investment Corp, Kreos, Barclays, Tennenbaum Capital Partners, Morgan, who's Locations: New Jersey, BlackRock, PitchBook, Banks, London

☆ Insider Today: You should buy a house now
▼ + stars: | 2023-10-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementIn today's big story, we're looking at why it's a good time to buy a house. RichLegg/Getty ImagesIt's a pretty terrible time to buy a house these days, which is why it's a good time to buy a house. AdvertisementAdvertisementInsider's Jennifer Sor detailed why it's a good time to buy a house. Part of the issue is that mortgage rates won't magically drop overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: OpenAI's Sam Altman, Jennifer Sor, Jacob Zinkula, they're, that's, Gen Zers, who's, it's, Doug Haynes, Haynes, Steve Cohen's Point72, Leon Cooperman isn't, Arantza Pena Popo, carmakers, EVs, Tyler Le, Satya Nadella, Mathias Döpfner, Axel Springer, Jensen Huang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: FBI, RichLegg, Norias Research, Investments, Ameriprise, Insurance, Microsoft, Activision Blizzard, Nvidia, ZTE Corp, Philips, NBA Locations: West Palm Beach, Fla, Tokyo, Oklahoma City, New York City, San Diego, London, New York

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

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