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☆ Hundreds of consultants were given AI tools. What happened next shows the promises and pitfalls of the technology.
▼ + stars: | 2023-09-25 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

That's why I was fascinated to see the results of a study that gave hundreds of consultants access to AI. They completed more tasks, completed their tasks more quickly, and the work was of a higher quality. They completed more tasks, completed their tasks more quickly, and the work was of a higher quality. Everyone using AI tools in the right places benefited, but it was the lower performers who did so most, allowing them to close the gap to their higher-performing peers. The study supports earlier research that's found AI increases productivity overall while elevating the less experienced and lower performers most.

Persons: There's Organizations: Boston Consulting Group, Service Locations: Wall, Silicon

☆ You haven't been paying a fair price for your streaming services. Warner Bros. Discovery CFO says: 'I think that's in the process of being corrected'
▼ + stars: | 2023-09-19 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

A change may be coming to your streaming services, Warner Bros. The services have been undervalued, Gunnar Wiedenfels said, and "quality content has been given away"That could spell price hikes. AdvertisementAdvertisementAs Insider's Matt Turner summed up: "Streaming services have been underpriced in the name of attracting critical mass." In January, Warner Bros Discovery increased the price of an ad-free subscription to HBO Max for the first time since its launch in 2020. Aside from boosting prices, services are also cracking down on password sharing.

Persons: Gunnar Wiedenfels, Wiedenfels, Max —, Matt Turner, Comcast's Peacock, Max, Peacock, Mark Schilsky, HBO Max, we're, Bob Iger, Schilsky Organizations: Warner Bros, Discovery, Service, Bank of America Securities Media, Communications, Entertainment Conference, Netflix, Hulu, Disney, Paramount, Apple, Bernstein Research, Warner Bros Discovery, HBO, HBO Max, Wall Street Journal Locations: Wall, Silicon, Hollywood

ST. LOUIS (AP) — The United States won its first match in Gregg Berhalter's second term as coach, beating Uzbekistan 3-0 in an exhibition Saturday behind goals by Tim Weah, Ricardo Pepi and Christian Pulisic. Weah put the U.S. ahead in the fourth minute, Pepi doubled the lead in second-half stoppage time and Pulisic converted a penalty kick in the fifth minute of stoppage time. A son of former FIFA Player of the Year and current Liberia President George Weah, Tim Weah beat goalkeeper Utkir Yusupov inside the far post with an angled right-foot shot from about 15 yards. Weah has scored against a nation from each continent, also getting goals against Wales, Bolivia, Morocco and Jamaica. Pulsiic, making his 50th start, got his 26th goal in 17 appearances after Malik Tillman was fouled by Umarbek Eshmurodov.

Persons: Gregg Berhalter's, Tim Weah, Ricardo Pepi, Christian Pulisic, Weah, Pepi, Pulisic, Weston McKennie, Antonee Robinson, George Weah, Utkir Yusupov, Carlos Bocanegra, Cint Dempsey, Matt Turner, Tim Ream, Brenden Aaronson, Malik Tillman, Umarbek Eshmurodov, Kristoffer Lund, Hong King, ___ Organizations: LOUIS, United States, FIFA, Wales, McKennie, Juventus, Barbados, U.S, St Locations: Uzbekistan, U.S, Bolivia, Morocco, Jamaica, Brenden, Denmark, Oman, Paul , Minnesota, Iran, Turkmenistan, Bhutan, Hong

☆ Fernandes seals comeback win for Man Utd over Forest
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +3 min

Christian Eriksen began the comeback after 17 minutes when he touched in Marcus Rashford's cross but for all United's pressure, Forest still packed a substantial threat. But they responded in determined fashion to win a Premier League game at Old Trafford from two goals down for only the third time. In doing so Awoniyi became the first Forest player to score in seven successive Premier League appearances. Rashford dinked in a free kick and Fernandes headed the ball across to Casemiro who made up for missing an earlier sitter. Almost inevitably, Fernandes supplied the winner, although it was tough on Forest who had chances to grab a point in 13 nervous minutes of stoppage time.

Persons: Manchester United's Bruno Fernandes, Lee Smith, Bruno Fernandes, Taiwo Awoniyi, Willy Boly, Christian Eriksen, Marcus Rashford's, Casemiro, Joe Worrall, Fernandes, Rashford, Danilo, Matt Turner, Awoniyi, Andre Onana, United's, Boly, Serge Aurier, Eriksen, Morgan Gibbs, White's, Martyn Herman, Pritha Sarkar Organizations: Soccer Football, Premier League, Manchester United, Nottingham Forest, Manchester, Rights, Old, Tottenham Hotspur, Wolverhampton Wanderers, Thomson Locations: Old Trafford, Manchester, Britain, Turner

☆ Goalkeeper Raya moves to Arsenal on loan from Brentford
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Aug 15 (Reuters) - Arsenal have signed Spanish goalkeeper David Raya from fellow Premier League club Brentford on a season-long loan with an option to make the transfer permanent, both clubs said on Tuesday. According to British media reports, Arsenal paid Brentford a loan fee worth three million pounds ($3.82 million) for Raya and will have the option to sign the goalkeeper on a permanent basis for 27 million pounds. "David is a top-quality goalkeeper, who has consistently performed to a high level with Brentford in the Premier League," Arsenal sporting director Edu said. Brentford added that Raya had signed a two-year contract extension before moving to Arsenal. The West Londoners, who finished ninth in the Premier League last season, signed Dutch goalkeeper Mark Flekken from Bundesliga side Freiburg on a four-year contract in May.

Persons: David Raya, Raya, David, Edu, Aaron Ramsdale, Matt Turner, Declan Rice, Kai Havertz, I've, Mikel Arteta, he's, Mark Flekken, Aadi Nair, Janina Nuno Rios, Pritha Sarkar Organizations: Arsenal, Premier League, Brentford, Nottingham Forest, West Londoners, Bundesliga, Freiburg, Fulham, Thomson Locations: Spanish, Raya, Spain, Qatar

☆ The great streaming giveaway is over
▼ + stars: | 2023-08-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +2 min

The hike marks another nail in the coffin of the great streaming giveaway. Disney loses money in streaming offering that great deal. Disney reported smaller than expected losses in streaming last quarter, and has committed to getting the streaming business to profitability by 2024. It's going to do that by exercising pricing power and by scaling up its ad-supported streaming tier. The sweet streaming deal is over.

Persons: Bob Iger, There's, That's, It's Organizations: Disney, Morning, Netflix, Spotify, ESPN Locations: Hulu, Hollywood

☆ Forest sign U.S. keeper Turner from Arsenal
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Aug 9 (Reuters) - Nottingham Forest have signed goalkeeper Matt Turner from Arsenal with the United States international signing a four-year deal, the two clubs announced on Wednesday. No financial details were given but British media said Forest will pay seven million pounds ($8.92 million) for Turner plus three million in performance-related add-ons. Turner shot to fame in Major League Soccer where he made 111 appearances for New England Revolution before moving to Arsenal last year. It's felt right from the start and I'm happy it's got done." Arsenal are expected to replace Turner with Brentford keeper David Raya, according to British media.

Persons: Matt Turner, Turner, Aaron Ramsdale, Steve Cooper, It's, Ola Aina, Anthony Elanga, David Raya, Rohith Nair, Ken Ferris Organizations: Nottingham Forest, Arsenal, United States, CONCACAF Gold, CONCACAF Nations League, Major League Soccer, New England, Gunners, Premier League, Brentford, Thomson Locations: Nottingham, Bengaluru

☆ Why a famous quote from 50 years ago helps explain everything going on in Hollywood right now
▼ + stars: | 2023-08-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +9 min

That means Netflix, which is the only streaming company making real money. There's been a race between the major media companies to acquire users over the past several years, something you could describe as the "Netflix effect." There used to be a few dominant media companies, then the internet and cell phones arrived, and there was a fresh wave of competition and innovation. There's a strong chance that we're now moving back to a world where there's a few dominant media companies, albeit in different industry structures. And arguably, these new dominant media companies are more powerful than the old dominant media companies.

Persons: Andy Warhol, I'd, Warhol, it's, Henry Blodget, Here's what's, That's, I'm, Bob Iger, There's Organizations: Intelligence, Hulu, YouTube, Spotify, New York Times, Street, Netflix, Warner Bros, Paramount, Disney, ABC, FX, ESPN Locations: Hulu

☆ Why tiny homes could be a big deal
▼ + stars: | 2023-08-06 | by ( Matt Turner | ) www.businessinsider.com time to read: +6 min

It's easy to look at these tiny homes as undersized gimmicks, but there are real use cases. Others are leaning on tiny homes to house homeless veterans. Denver changed its zoning laws to make ADU construction easier, allowing two-story units in some parts of the city. Tiny homes won't fix that, but innovation in zoning and construction, taken with recent data pointing to a surge in residential construction, offer reasons for hope. Why tiny homes could be a big dealThis first appeared in the Insider Today newsletter.

Persons: Joyce Higashi, Katie Sandoval, Clark, Maggie, John Randolph, crumbles Karl Maasdam, Lawrence D, Thornton, Rebecca Zisser, Francesca Gino, Gino, she's, Read, Morgan Stanley, Arantza Pena Popo, Who's, James Gorman, Ted Pick, Morgan Stanley copresident, Insider's Hayley Cuccinello, Pick, Andy Saperstein, Ted Pick Big, Tyler Le, Brad Setser, Tess Turner, Stack, coders, — Jasmine Hyman, Doc Martens, Matt Turner, Hallam Bullock, Lisa Ryan Organizations: Service, Harvard, Big Pharma Locations: Wall, Silicon, California, San Jose, New Hampshire, Denver, Austin's, New York City

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ The economy's dream scenario just got even closer
▼ + stars: | 2023-07-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The unemployment rate dropped to 3.6% in the most recent month. In many states, unemployment is at or near record lows, with the unemployment rate in South Dakota at just 1.8%. Construction spending on manufacturing is soaring, while manufacturing employment recently hit its highest level in 15 years. And the dream scenario for the economy, to get inflation down without a sharp spike in unemployment or a recession, is looking more likely by the day.

Persons: It's Organizations: Service Locations: Wall, Silicon, South Dakota

☆ Meet your new neighbor: A data center powering the AI boom
▼ + stars: | 2023-07-21 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

The growth could put data centers in competition with local populations for space and resources. As my colleague Dan Geiger reports today in an excellent story on a data center development boom, the AI explosion has triggered a surge in investment in these warehouse-like complexes. For example, DataBank, a data center provider backed by investment firm DigitalBridge, is putting smaller data centers in the suburbs of "tier two and tier three cities," CEO Marc Ganzi told my colleague Ellen Thomas. Unlike e-commerce warehouses, these data centers don't add a bunch of traffic to the roads, and they're pretty quiet. As a result of limited generation capacity in places like Arizona and northern Virginia, these data centers are popping up anywhere where the local utilities can support them.

Persons: tony, Dan Geiger, Jonathan Gray, Blackstone, Marc Ganzi, Ellen Thomas Organizations: Morning, APS Locations: Ohio, Georgia, Virginia, Loudoun Meadows, Aldie , Virginia, Texas, Nevada, Utah, Phoenix, Atlanta, Reno, Arizona, Southwest

☆ Amazon leaders are worried that a 'Day 2' mindset is seeping in at the company
▼ + stars: | 2023-07-16 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Selipsky does work at a "big company" of course, but he doesn't want Amazon to feel that way. At Amazon, it's always supposed to be "Day 1," the dawn of a new era where the customer comes first and bold bets are backed. Selipsky said in the staff meeting that Amazon has to keep the mentality that "we are going to be the insurgents." Economic update: I wrote a week ago that the dream scenario for the economy was looking more likely by the day. More than 30 people involved in the tech industry told us the real problem was lazy managers.

Persons: Adam Selipsky, it's, Insider's Eugene Kim, Selipsky, that's, Andy Jassy, let's, Arantza Pena, —, David Clapp, Insider's Adam Rogers, Rogers, Phil Rosen, George Mickum Mike Vitelli, George Mickum, he'd, Birkin, Mitchie Nguyen, Matt Turner, Hallam Bullock, Lisa Ryan Organizations: AWS, Federal Trade Commission, San, Getty, Google, LinkedIn Locations: San Francisco San Francisco ,, San Francisco, Manhattan

☆ For the first time, a majority of Americans have declared 'Mission Accomplished' on the pandemic. But they're still not sure what the hell 'normal' looks like.
▼ + stars: | 2023-07-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

For the first time, a majority of Americans now say the COVID pandemic is over. For the first time, a majority of Americans say the COVID pandemic is over — but they're not quite ready to declare a "back to normal." Despite most people feeling the pandemic is over, most still don't believe life is back to "normal." According to the Gallup poll, 43% of Americans feel "life is completely back to normal," up from 34% in February. Indeed, there are signs that things are still different than before the pandemic — just look at all the empty office towers.

Persons: Joe Biden, Matt Turner Organizations: WHO, Service, Gallup, World Health Organization, US State Department Locations: Wall, Silicon

☆ The dream scenario for the economy is looking more likely by the day
▼ + stars: | 2023-07-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The US jobs market is still on 🔥. Still, recent data from the Bureau of Labor Statistics shows a job market that's running hot. Average hourly earnings increased 0.4% month on month and are up 4.4% on last year. The dream scenario for the economy is to get inflation under control without a sharp spike in unemployment or a recession. So far, the job market has remained robust.

Persons: ake, anker, rina, ord, T witter Organizations: Service, uts Locations: Wall, Silicon, usk

☆ It's a cruel summer for Airbnb and Vrbo hosts, and meh listings are getting squeezed hard
▼ + stars: | 2023-07-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

In the age of remote work, employers are quiet quitting on employees. Decision-makers at family offices revealed what it's really like managing billions for the ultra wealthy. But first: It's shaping up to be a cruel summer for Airbnb and Vrbo hosts. The Airbnb hosts getting squeezedReal-estate reshapeBlake Callahan / Getty ImagesThe real-estate industry is facing an existential threat. In the age of remote work, employers are doing it, too.

Persons: Matt Turner, Read, Brian Chesky, Charley Gallay, Vrbo, That's, Blake Callahan, Jonathan Ernst, Consuelo Vanderbilt Costin, Bryan Griffin, Insider's Ben Bergman, Arantza Pena Popo, It's, Satya Nadella, Hallam Bullock, Lisa Ryan Organizations: luxe, Reuters Workers aren't, Stanford University, The Vanderbilt, Waltons, Microsoft Locations: Silicon, Airbnb, New York

☆ How one of the biggest investors in the world uses AI to move slower, trade less, and make more money
▼ + stars: | 2023-06-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

A top portfolio manager there just revealed how it's using AI to generate superior returns. The fund is using AI to move more slowly and trade less, rather than the reverse. Wall Street firms are racing to use AI, hoping the technology can help it move quicker, save costs, and gain an edge. On the other side of the Atlantic, the investment giant Norges Bank Investment Management is using AI to slow down. But Strand's team is able to use the AI tool to decide on the timing of each buy, prioritizing buying the stocks in green, and buying the stocks in red a little bit later.

Persons: Jon Egil Strand, we're, NBIM Organizations: Norges Bank Investment Management, Wall, Equity Locations: Norwegian

☆ What the heck is going on at Goldman Sachs
▼ + stars: | 2023-06-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

It's been non-stop negativity over at Goldman Sachs recently. The bad news just keeps rolling in over at Goldman Sachs. The Economist put a fine point on this earlier this year when it ran a cover story titled "The humbling of Goldman Sachs." But Goldman Sachs' historic partnership model has given it a distinct culture, where these kinds of things matter. Whatever the truth is, it's clear that Goldman Sachs and David Solomon are going to remain in the headlines for some time.

Persons: It's, Goldman Sachs, David Solomon's, Dakin Campbell, grumbling, Solomon, Goldman, David Solomon, it's, Dina Powell McCormick, Gregg Lemkau, Stephen Scherr, Eric Lane, Katie Koch, Fred Baba, he's, he'd, John Rogers, Tony Fratto Organizations: Goldman, Wall Street, The New York Times, Silicon Valley Bank, DJ, Discovery Land Company, New York Times, Air Mail Locations: California

☆ You're more likely to live the American dream in Germany, Denmark, or Australia
▼ + stars: | 2023-06-22 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

But a child born in poverty in America is more likely to face poverty in adulthood than in many Western countries. Recent research shows that's more likely to happen in Denmark, Germany, Australia, and the UK. Their finding: "Intergenerational poverty in the U.S. is four times stronger than in Denmark and Germany, and twice as strong as in Australia and the UK." Bocconi University, Rockwool Foundation and Stockholm UniversityThis table shows what the researchers call "intergenerational persistence of poverty" across five countries. So yes, you're more likely to experience the American Dream in many countries outside the US.

Persons: —, Pedro Nicolaci da Costa Organizations: Service, Bocconi University, Rockwool Foundation, Stockholm University, Stockholm, Federal Reserve Bank of Chicago Locations: America, Denmark, Germany, Australia, U.S, American, Danish, Canada

☆ A war between 2 billionaire hedge-fund founders spilled out into the open in an alarming filing
▼ + stars: | 2023-06-20 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

John Overdeck and David Siegel created hedge-fund giant Two Sigma, amassing billions in wealth. Here's the relevant section of the filing:There have been a variety of management and governance challenges at the Adviser. These disagreements can affect the Adviser's ability to retain or attract employees (including very senior employees) and could continue to impact the ability of employees to fully implement key research, engineering, or corporate business initiatives. Nor can it agree on the org chart, the management structure, corporate governance, or succession plans. These disagreements might hurt Two Sigma's ability to retain and attract star employees, and those employees' ability to actually implement research, tech, or business initiatives.

Persons: John Overdeck, David Siegel, Juliet Chung, Gregory Zuckerman, Chung, Zuckerman, Jamie Nash, Kleinberg Kaplan, I've Organizations: Sigma, Bloomberg, Wall Street, Management, Management Committee, Chief Investment Officers

☆ How to feel wealthy. (Hint: It's not just about the money.)
▼ + stars: | 2023-06-15 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Younger generations said being able to afford their friends' lifestyle made them feel wealthy. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyDo you feel wealthy? For example:Sixty-one percent of Gen Z respondents and millennial respondents said "being able to afford a similar lifestyle as my friends makes me feel wealthy." Forty-six percent of Gen Zers said they felt somewhat or very wealthy, with this number rising to 57% for millennials. Similarly, "not having to stress over money" was more than twice as popular as "having more money than most people I know."

Persons: —, Schwab, Gen, Gen Zers, Rob Williams, Charles Schwab, Zers, it's, you've Organizations: Service, Younger, Federal Reserve

☆ A top CMO reveals how AI is going to change sales and marketing across every company within 12 months
▼ + stars: | 2023-06-14 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The chief marketing officer at Twilio says AI will soon be in use in sales and marketing at every company. There are many parts of the business world where AI is going to have a huge impact, but sales and marketing is one of the big ones. To be sure, Twilio builds products that faciliate sales and marketing, but other CMOs agree that AI could supercharge those activities. It allows you to ingest a whole slew of data that's virtually impossible for a human being to take in and synthesize. In 12 months, I really think for every company, every marketing team, every sales team, generative and predictive AI is going to be a core part of every tool that they use.

Persons: Joyce Kim, That's, We've Organizations: McKinsey, YouTube

☆ Who wants to be a CEO right now?
▼ + stars: | 2023-06-09 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Let's be real: Being a CEO sucks right now. But 2023 has brought a level of scrutiny that makes being a CEO today a nightmare for even the toughest leader. CNN's former chief Chris Licht stepped down on Wednesday after less than a year, following intense criticism from inside and outside his newsroom. Meme stock company GameStop fired its CEO Matthew Furlong on the same day as Licht, also after a short tenure. At the low point of a boom-and-bust cycle where high interest rates and high expectations reign supreme, being a CEO sucks.

Persons: Let's, CNN's Chris Licht, —, Jack Welch, CNN's, Chris Licht, Licht, Matthew Furlong, Jeff Shell, Jack Bowles, Patience, Matt Turner, Raul Vargas Organizations: Corporate, Service, General Electric, Observers, GameStop, Google, Farmers Group Locations: freefall, British

☆ Stop comparing Zuck and Cook's headsets. They're built around sharply different visions of the future.
▼ + stars: | 2023-06-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

Apple revealed its new headset, the Vision Pro, at its developer conference. But this comparison forgets that the two headsets are built around differing visions of future. Apple this week revealed its new Vision Pro mixed-reality headset, and comparisons were instantly drawn with Meta's own Quest headset. Then the price of Apple's headset, at $3,499, has been compared with the $500 cost of the Quest headset. Apple didn't mention the metaverse once when it unveiled the Vision Pro at WWDC, and barely mentioned gaming.

Persons: Nich Carlson, Apple, Mark Zuckerberg, Mark Zuckerberg's, Zuckerberg, Alex Heath, Ben Thompson Organizations: Apple, Vision, Morning, Vision Pro

☆ Millennials and Gen Zers are the most concerned about AI and their jobs
▼ + stars: | 2023-06-08 | by ( Josée Rose | ) www.businessinsider.com time to read: +3 min

Millennials and Gen Zers are "extremely or very" concerned about how AI will affect their careers. Gen Zers haven't lived through as many tech evolutions as Gen Xers and Boomers. Indeed, Insider's UK bureau chief, Spriha Srivastava, has written how the flurry of Gen AI tools is getting out of control , creating a generational divide. These types of efforts are meant to help "demystify the impact that Gen AI has on our jobs," Torchia said. "We have a responsibility to train people on how to responsibly use Gen AI to get work done."

Persons: Millennials, Zers, Gen Zers haven't, Xers, Sandy Torchia, Gen Zers, Gen Xers, Torchia, they've, They've, Torchia siad, Spriha Srivastava, Matt Turner, There's Organizations: Service, KPMG Talent Survey, Boomers, Insider's, PwC, KPMG

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