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☆ Most American men see their earnings plateau after 35 — but not the top 2%, says an economist
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Top-earning US men experience an "astonishing surge in earnings" between the ages of 35 and 45. The top 2% average around $400,000 a year across their working lives, while median earners earn $50,000 annually, per the post. AdvertisementAdvertisementTop-earning American men experience an "astonishing surge in earnings" between the ages of 35 and 45 while other men see their incomes plateau, according to an analysis by economist Serdar Ozkan published Monday. The difference in wage growth is starker earlier in life. From ages 25 to 35, top earners experience a 435% rise in earnings, compared to a 65% increase for median earners.

Persons: Serdar Ozkan, —, Ozkan, Louis Organizations: Service, Federal Reserve Bank of St, Internal Revenue, Institute, National Bureau of Economic Research, Federal Reserve Bank of Atlanta Locations: Washington

☆ Slowing down on AI will cause preventable deaths — and that's a form of murder, says Marc Andreessen
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Billionaire investor Marc Andreessen posted a mammoth 5000-word techno-optimist manifesto on Monday. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Andreessen. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Marc Andreessen. "Our enemies are not bad people – but rather bad ideas, "Andreessen wrote. Andreessen and Andreessen Horowitz did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Marc Andreessen, —, Andreessen, Elon Musk, Sam Altman —, Andreessen Horowitz Organizations: Service, Forbes

☆ I'm a 23-year-old gay man training to be a priest. Though I'm living on only $740 a month, I don't regret it one bit.
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

He says he had considered the idea ludicrous as someone who's gay and used to be an atheist. And it was also a big shift for someone who was living abroad in the Hague, who's openly gay, and who was heavily invested in a different career. I thought it was completely ludicrous, as someone who used to be quite atheist as a teen, who's gay, and who'd been preparing for an entirely different career. By January, I'd started working there as a pastoral assistant. Though it hasn't been the easiest time — I get a stipend of 600 pounds a month, or about $740 — I don't regret it one bit.

Persons: Peter Banks, —, I've, It's, who's, Banks, who'd, Little, I'd, hasn't, We're, you've Organizations: Service, UK's Liberal Democratic Party, Liberal Democratic Party, Hague, University of Cambridge's Trinity College, Episcopal Church, Episcopal, of Locations: Cambridge, England, Hague, Netherlands, Winchester, Mary's, United States, Scotland, of Wales

☆ OpenAI's growth this year has been unstoppable. Maintaining it will be the hard part.
▼ + stars: | 2023-10-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

OpenAI's growth this year has been unstoppable. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's safe to say it has provided an unstoppable force of growth to OpenAI ever since. Gemini, the search giant's widely anticipated multimodal AI model, designed to rival ChatGPT's underlying model GPT-4, is expected to be launched this year. Meanwhile, the open-source community has been busy developing an alternative AI model.

Persons: —, Sam Altman reckons, OpenAI, ChatGPT, Kai Xiang Teo, scrappy Organizations: Service, The, Microsoft, OpenAI

☆ The CEO of Dropbox has a 90/10 rule for remote work
▼ + stars: | 2023-10-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Dropbox CEO Drew Houston told Fortune his company uses a 90/10 rule for remote work. This means 90% of the year is spent on remote work, and the remaining 10% is dedicated to employee off-site events. AdvertisementAdvertisementDrew Houston, the CEO of file storage company Dropbox, is continuing to tout a predominantly remote work culture, even as business leaders increasingly call for their workers to return to the office. Dropbox uses a 90/10 rule, with 90% of the year spent on remote work and the remaining 10% spent on a handful of employee off-sites, the company's CEO told Fortune in an interview published Sunday. The company first announced it was becoming a "virtual first" company in 2020 amid the COVID-19 pandemic, making remote work the default for workers.

Persons: Drew Houston, Fortune, —, Houston, Mark Zuckerberg, Goldman Sachs, David Solomon, Jamie Dimon, hasn't Organizations: Houston, Service, Dropbox, Forbes, JPMorgan Locations: San Francisco, Houston

☆ OpenAI has quietly changed its core values, and being 'thoughtful' and 'audacious' no longer makes the cut
▼ + stars: | 2023-10-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI has quietly changed the core values it displays on its career page. AdvertisementAdvertisementOpenAI has quietly changed its core values on the company's careers page. OpenAI's new core values are now "AGI focus," "intense and scrappy," "scale," "make something people love," and "team spirit," per the company's careers page. The initial set of core values had been used since at least January 2022, per the Internet Archive. AdvertisementAdvertisementWhile some older core values seem to have been folded into new ones, others lack a clear replacement.

Persons: OpenAI, —, …, Altman, Geoffrey Hinton, Sam Altman, Elon Musk, Musk Organizations: Service, New Yorker, Microsoft

☆ Splurging on Taylor Swift tickets and a 'funflation' economy is hitting Best Buy's sales, says its CEO
▼ + stars: | 2023-10-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

"Funflation" refers to higher consumer demand for fun experiences, which inflates the prices of these experiences. Big ticket items in electronics are drawing less consumer interest than Taylor Swift tickets and other fun experiences, Barry said at a Fortune event. AdvertisementAdvertisementCorie Barry, the CEO of electronics retailer Best Buy, thinks that splurging on Taylor Swift tickets and "funflation" is hurting her company's bottom line. Bloomberg analysts estimated in August that Taylor Swift and Beyoncé's concert tours would add around $5.4 billion to the US economy's GDP. Best Buy and Barry did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Corie Barry, Taylor Swift, Barry, —, splurging, Brett, Insider's Sirena Bergman Organizations: Service, Bloomberg, Columbia Business School, Bank of America

☆ Microsoft is set to buy Activision Blizzard in a $69 billion deal
▼ + stars: | 2023-10-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +1 min

Microsoft has cleared a key regulatory hurdle in the UK to acquire video game giant Activision Blizzard. The UK's competition watchdog approved Microsoft's $69 billion acquisition of the company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementMicrosoft has received clearance from the UK's antitrust regulator for its $69 billion acquisition of video game giant Activision Blizzard. Microsoft and Activision Blizzard did not immediately respond to a request for comment from Insider, sent outside regular business hours.

Persons: — Organizations: Microsoft, Activision, Service, Activision Blizzard, UK's, Markets Authority

☆ Harvard is temporarily closing off its historic center to visitors at night, as backlash continues to roil against students blaming Israel for Hamas' attacks
▼ + stars: | 2023-10-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Harvard told students in an email that its historic center would be closed to non-ID holders nightly until Monday, the Harvard Crimson reported. Harvard Yard is the oldest part of the university campus and is where most freshman dormitories are housed. The move comes amid an escalating backlash against student groups that cosigned a letter blaming Israel for the Hamas attacks. AdvertisementAdvertisementHarvard is closing off its historic center, Harvard Yard, to visitors at night until Monday, amid an escalating backlash against students who cosigned a letter blaming Israel for the Hamas attacks, the Harvard Crimson reported Thursday, citing an email sent to students. Harvard Yard is a 25-acre green space that is the oldest part of the university campus and is where most freshman dormitories are housed.

Persons: Israel, —, Meredith Weenick, Bill Ackman, Larry Summers, Jason Furman, Boaz Barak, Harvard Hillel Organizations: Harvard, Harvard Crimson, Service, Harvard Yard, Harvard University Police Department Locations: Israel

☆ Former Harvard president Larry Summers thinks Bill Ackman asking for lists of student names is the 'stuff of Joe McCarthy'
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Bill Ackman wants Harvard to disclose the names of students blaming Israel for Hamas attacks so potential employers can avoid hiring them. Former Harvard president Larry Summers told Bloomberg he thought Ackman was "getting a bit carried away" with his call. Summers told Bloomberg in an interview on Wednesday he thought Ackman was "getting a bit carried away" with his call for the university to release students' names. Many in the groups had no idea there was even going to be a letter," Summers said during the interview. AdvertisementAdvertisementThe former Harvard president echoed some of these sentiments in a post he published on X shortly after the interview.

Persons: Bill Ackman, Israel, Larry Summers, Ackman, Joe McCarthy, —, Ackman's, Summers, McCarthy, Joseph McCarthy, Ted Cruz, Boaz Barak, Harvard Hillel — Organizations: Harvard, Bloomberg, Service, Harvard University, American, Ackman

☆ A truck drove around Harvard displaying names and photos of students reported to be involved with the letter that blamed Israel for Hamas' attacks
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

More than 30 Harvard student groups signed a letter condemning Israel for the Hamas attacks. On Wednesday, a truck drove through Harvard naming and shaming students it claimed was connected to the letter. AdvertisementAdvertisementOn Sunday, several Harvard student groups released a controversial letter letter blaming Israel for the brutal Hamas attacks over the weekend. The letter at the heart of the controversy was co-signed by more than 30 Harvard student groups. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," the letter read.

Persons: Israel, —, Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing

☆ A Harvard professor says a former student is getting doxxed over the letter blaming Israel for Hamas' attacks — even though they graduated in 2021
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

A letter signed by over 30 Harvard student groups blaming Israel for the Hamas attacks has drawn significant backlash. One Harvard professor says a person who said they recently graduated and had no involvement with the letter has been doxxed. AdvertisementAdvertisementA letter signed by Harvard student groups that blamed Israel for the Hamas attacks has drawn significant backlash from figures like billionaire investor Bill Ackman and Senator Ted Cruz. The person wrote they had been doxxed in relation to the letter despite having nothing to do with it. "We, the undersigned student organizations, hold the Israeli regime entirely responsible for all unfolding violence," wrote the letter, which was signed by over 30 Harvard student groups.

Persons: Israel, —, Bill Ackman, Ted Cruz, Jason Furman, Twitter —, I've, Furman, doxxing, We'll, Harvard Hillel, Ackman Organizations: Harvard, Service, Harvard Kennedy School, Twitter, Palestine Solidarity Committee, Harvard Crimson Locations: Israel, Palestine

☆ A truck drove around Harvard displaying names and photos of students it said were involved with the letter blaming Israel for Hamas' attacks
▼ + stars: | 2023-10-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

More than 30 Harvard student groups signed a letter blaming Israel for the Hamas attacks. A driver rode around Harvard in a truck with names and images of students it linked to the letter. AdvertisementAdvertisementOn Sunday, dozens of Harvard student groups cosigned a letter blaming Israel for the brutal Hamas attacks over the weekend. Images on social media appear to show that the students' names and images appeared alongside the title "Harvard's leading antisemites." The letter at the heart of the controversy was cosigned by more than 30 Harvard student groups.

Persons: Israel, —, Jason Furman, Furman, Bill Ackman Organizations: Harvard, Service, Harvard Crimson, Media, Harvard Kennedy School, Publishing

☆ Here are the CEOs and investors who want Harvard to release the names of students blaming Israel for the Hamas attacks — so they can avoid hiring them
▼ + stars: | 2023-10-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Billionaire Bill Ackman wants Harvard to name the students whose organizations co-signed a letter laying blame for the Hamas attacks on Israel. His post saying the names should be released so CEOs can avoid hiring them drew over 10 million views on X. AdvertisementAdvertisementBillionaire hedge fund manager Bill Ackman called on Harvard to release the names of students whose organizations signed a letter blaming Israel for the Hamas attacks, so CEOs can avoid hiring them. Harvard, Ackman, Resnik, Varsavsky, Duel, Ready, Montague, Levy, Wurzack, McQuaid, Newman, and Broukhim did not immediately respond to requests for comment from Insider. These CEOs and investors are directing their ire at a letter written by Harvard Palestine Solidarity Groups published on Sunday.

Persons: Bill Ackman, —, Israel, Ackman, We'll, Martin Varsavsky, Varsavsky, Jonathan Newman, Michael Broukhim, David Duel, Newman, Michael McQuaid, Bloq, Stephen Ready, Hu Montague, Art Levy, Jake Wurzak, Levy, Wurzack, McQuaid, Broukhim, Mehdi Hasan, MSNBC's Mehdi Hasan Organizations: Harvard, Service, Dovehill Capital Management, Harvard Palestine Solidarity Groups Locations: Israel, Montague

☆ My Uber rating was higher than my GPA. I landed my first job after tweeting that at Uber.
▼ + stars: | 2023-10-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Cherylyn Wee is a 32-year-old sales director who landed her first job after tweeting at Uber. That's when I tweeted at Uber, "My @uber rating is higher than my GPA. And my Uber rating was 4.9 out of 5. And that's how a tweet helped me land my first job, as a marketing coordinator at Uber Singapore. AdvertisementAdvertisementBe intentional with what you write onlineWee on her last day at the Uber Singapore office in 2018, which was also the day Uber exited the country.

Persons: Wee, tweeting, —, Cherylyn Wee, Uber, Cherylyn, I've Organizations: Service, Uber, Uber Singapore, Twitter Locations: Singapore, Uber Singapore

☆ AI industry could be in for a 'cold shower' next year: analyst
▼ + stars: | 2023-10-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Analyst firm CCS Insight is predicting a "cold shower" for generative AI in 2024. The firm's chief analyst told CNBC he believes the technology is overhyped and faces immense costs to deploy. AdvertisementAdvertisementAn analyst firm is predicting a "cold shower" for generative AI in 2024. "Just the cost of deploying and sustaining generative AI is immense," said Wood. AdvertisementAdvertisementFor context, AI relies on chips to run, and the firm's prediction comes amid concerns about a global chip shortage.

Persons: —, Ben Wood, Wood, Elon Musk, Dylan Patel Organizations: Insight, CNBC, Service, CCS, CCS Insight, Google, Elon, Nvidia, Reuters Locations: London

☆ The CEO of Airbnb says Barack Obama gave him one piece of advice about love and friendship after a breakup
▼ + stars: | 2023-10-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Brian Chesky says Barack Obama gave him some post-breakup advice, saying he didn't need another relationship. AdvertisementAdvertisementAirbnb CEO Brian Chesky says he received a piece of advice about love and friendship from the former president after a breakup in 2021. Speaking on the Diary of a CEO podcast on Monday, Chesky recounted how he sought advice from Obama in 2021. The two have known each other since at least 2015, when Obama named Chesky a Presidential Ambassador for Global Entrepreneurship. Chesky and Obama did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Brian Chesky, Barack Obama, Chesky, —, Obama, podcaster Steven Bartlett, Airbnb, isn't, Vivek Murthy, Insider's Rebecca Ungarino Organizations: Service, Global Entrepreneurship, Obama, Bloomberg, Obama Foundation, Public Service, Psychological Locations: Cuba

☆ AI was told to design a robot that could walk. Within seconds, it generated a 'small, squishy, and misshapen' thing that spasms.
▼ + stars: | 2023-10-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

A group of researchers asked AI to design a walking robot. AdvertisementAdvertisementWhen a group of researchers asked an AI to design a robot that could walk, it created a "small, squishy and misshapen" thing that walks by spasming when filled with air. "We told the AI that we wanted a robot that could walk across land. The AI began with a small rubber block and modeled different shapes before arriving at the final design that could walk. AdvertisementAdvertisementKriegman said the researchers weren't quite sure why the robot had this peculiar shape — and why it was filled with holes.

Persons: —, Sam Kriegman, Kriegman, Mika Organizations: Service, Northwestern University, MIT, University of Vermont —, National Academy of Sciences, Boston Dynamics, Reuters Locations: Geneva

☆ The Kremlin's propaganda machine will likely use the conflict in Israel to undermine the West's support for Ukraine: ISW
▼ + stars: | 2023-10-09 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Russian propagandists are capitalizing on the Israel conflict, per the Institute for the Study of War. The ISW says Kremlin narratives are now targeting "western audiences" to undermine aid to Ukraine. These "information operations" aim to reduce Western support for the Ukraine war, per the ISW. AdvertisementAdvertisementThe Institute for the Study of War says Russia's propaganda machine will likely use the conflict in Israel to erode the West's support for Ukraine. The ISW wrote in its report that after the Hamas attacks on Saturday, the Kremlin amplified information campaigns that accused the West of ignoring Middle East conflicts to support Ukraine.

Persons: ISW, —, Sergey Mardan, Dmitry Medvedev, Medvedev, Volodymyr Zelenskyy Organizations: for, Service, Ukraine, —, Security, of, Palestinian, Congress, Capitol Locations: Israel, Ukraine, Washington, Russian, of Russia, West

☆ California says goodbye to junk fees — no more hidden charges that aren't advertised up-front
▼ + stars: | 2023-10-09 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

California governor Gavin Newsom has signed into law a new bill that outlaws hidden junk fees. The Consumer Financial Protection Bureau estimates that Americans spend at least $29 billion a year on junk fees. AdvertisementAdvertisementThe nonprofit watchdog Consumer Reports estimated in 2019 — based on a survey of more than 2,000 US adults — that 85% of Americans have been charged hidden junk fees. President Joe Biden has made combating junk fees a key priority for his administration since 2022. Biden said in July that "folks are tired of being played for suckers" as he announced measures cracking down on junk fees in the rental housing market.

Persons: Gavin Newsom, —, Sen, Bill Dodds, Nancy Skinner, Vicki Morwitz, Morwitz, Joe Biden, Biden Organizations: Consumer Financial, Service, NBC, SB, Consumer, Bureau, CBS, Columbia Business School Locations: California

☆ Veteran Apple investor Alan Patricof says AI is the 'flavor of the month'
▼ + stars: | 2023-10-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Venture capitalist Alan Patricof has a cautionary message about an AI bubble. "Everyone wants to be at an AI company — it's the flavor of the month," Patricof told the New York Post. Patricof recommends investing in companies utilizing AI as a tool, rather than buying AI platforms. AdvertisementAdvertisementAlan Patricof, the venture capitalist known for his investments in Apple and Venmo, has a cautionary message about an AI bubble. "Everyone wants to be at an AI company — it's the flavor of the month," said Patricof during a Thursday interview with the New York Post.

Persons: Alan Patricof, —, Patricof, Mostaque, David Rosenberg, James Penny, Wharton, Jeremy Siegel, Dan Raju, Raju Organizations: New York, Patricof, Service, Apple, Apax Partners, AOL, TAM Asset Management

☆ A CEO who replaced 90% of his support staff with an AI chatbot says copy-paste jobs are gone
▼ + stars: | 2023-10-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Jobs that copy-paste responses are a thing of the past because of AI, says ecommerce company CEO Suumit Shah. Shah had previously drawn flak for announcing he replaced 90% of his support staff with a chatbot. 90% of his support staff with a chatbot. AdvertisementAdvertisementShah made headlines in July for announcing over Twitter that he had laid off 90% of his customer support staff and replaced them with a chatbot he said outperformed them. We had to layoff 90% of our support team because of this AI chatbot.

Persons: Suumit Shah, Shah, —, ince, ake, aybe, uly., ike Organizations: Service, Washington Post, Twitter, ust Locations: India

☆ TikTok's tinned fish obsession isn't just about affordable luxury in a can
▼ + stars: | 2023-10-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

With premium cans going up to $50 each, these creators say that tinned fish is being unfairly dismissed. Today, #tinnedfishtok videos feature TikTokers like Mei Liao, whose videos feature her peeling open her tinned fish hauls and reviewing them. "I believe the current state of the US economy is helping to fuel the popularity of tinned fish too," said Robert McGinnis, who reviews tinned fish on his TikTok channel. A collage of tinned fish dishes prepared by Molly Moss Molly MossHowever, the popularity of tinned fish isn't just about food on a budget. Moss said she got her start on Instagram, gaining 30,000 followers over two months with her videos about tinned fish.

Persons: —, TikToker Ali Hooke, Mei Liao, I w, Mei, ric e, Moss Moll y Moss, Moll y Moss, prem, ong, ann e d dace, alon, cann, eli, Moss, rena, ssance on T Organizations: Service, Acc Locations: Asia

☆ People are figuring out ways to generate inappropriate images with Meta's new AI stickers — and sharing the results online
▼ + stars: | 2023-10-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Users have found ways to generate wildly inappropriate images with the tool, and are sharing the results online. One academic hit out at Meta's AI safeguards in a blog post on Sunday. AdvertisementAdvertisementMeta launched the AI stickers and other features like celebrity AI assistants on September 27. But the stickers are already drawing ridicule online after people started trying to figure out ways to generate wildly inappropriate images using the tech. AdvertisementAdvertisementHowever, Tama Leaver, a professor of internet studies at Curtin University, hit out at Meta's AI safeguards in a separate blog post on Sunday.

Persons: Meta, —, Justin Trudeau, ince, lew, haring, ike, ickey, onic, hough Organizations: Service, Meta, Canadian, ust

☆ A mystery owner has just put a collection of 56 Porsches up for auction — and they're all white
▼ + stars: | 2023-10-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Auction house RM Sotheby's did not disclose the collection's mystery owner. AdvertisementAdvertisementA rare collection of 56 white Porsches is heading to the auction block. Named "The White Collection," the car collector's unusual trove was announced by auction house RM Sotheby's on Tuesday. RM Sotheby's is delighted to announce The White Collection: a collection of nearly 60 rare Porsche sports cars, entirely in white. https://t.co/Mmt5dL5Jep pic.twitter.com/Yh9UxWdiec — RM Sotheby's (@rmsothebys) October 2, 2023The collection "represents over a decade of dedicated collecting by one perfection-focused owner," RM Sotheby's said.

Persons: —, Mmt5dL5Jep, Sotheby's, Barron's, Ferrari, Andreas Birner Organizations: Service, Porsche, Prix, Carrera, Sotheby's, Benz, Guinness, World Records Locations: Houston , Texas

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